DataBank enters reseller deal with Radware to mitigate and manage cyber threats

Key Signals in Enterprise Software

Centre Setup and Expansion
New facility for NetApp now opens on Wichita States Innovation Campus
With the location on WSU’s Innovation Campus, the data storage company will be able to partner directly with the university on any future curriculum that applies. Read More>>
Lenovo opens first in-house European factory in Hungary
The company has officially opened its first manufacturing facility in Europe to locally build servers, storage systems, and high-end PC workstations for customers across Europe, the Middle East, and Africa. The factory, located in Üllő in the charmingly named Pest County near Budapest, was sited there because of its strong infrastructure, skilled labor, and a central location within Europe. Read More>>
DataBank signs new reseller agreement with Radware
Radware’s solutions will help DataBank’s customers minimize risk and further manage the nearly inevitable cyber threats as they move their mission-critical workloads and platforms closer to the edge. Read More>>
Triterras selects Unqork to modernize its trade finance platform with no-code solutions
Through Unqork, Triterras can quickly develop client onboarding applications with more flexibility as industry regulations change for a seamless customer experience. Read More>>
Micro Focus Expertise and Technology enables new Amazon Web Services (AWS) Mainframe Modernization service
The service is the result of a partnership in which Micro Focus and AWS worked together to guide and assist customers as they modernize their on-premises mainframe workloads to a managed execution environment on AWS. Read More>>
Domino Lab partners with Snowflake for MLOps platform
The partnership between Domino and Snowflake will accelerate the MLOps lifecycle by automating non-data science tasks, eliminating workarounds caused by inflexible tools and complex processes, and avoiding DevOps tensions between IT and data scientists. Read More>>
Mergers and Acquisitions
Kofax acquires B2B e-invoicing network Tungsten
With their cloud solutions platform, Kofax and Tungsten will support organizations in their journey towards true e-Invoicing with direct supplier onboarding, e-invoice exchange, interoperability, scanned and OCR paper invoices, and machine-readable PDF invoices, PDF data extraction, and payment processing. Read More>>
Telus to spend USD 2.3 Bn on LifeWorks acquisition
The addition of LifeWorks increases access to high-quality, proactive healthcare and mental wellness for employees with new digital health solutions. Read More>>
Executive Movement
Kantar appoints Will Bordelon as the CEO of Insights Americas business
Bordelon will lead the company’s US regional team in growing its relationships with some of the world’s biggest consumer-facing companies and partnering with them as they face one of the most challenging and transformational periods in recent history. Read More>>
Vesta hires former Equifax leader as Chief Product Officer
The company announced hiring experienced Identity and Fraud industry leader Hrishi Talwar as Chief Product Officer. With extensive global experience, Hrishi brings 20+ years of product management and technology expertise across various organizations in the financial services, payments, and mobility space. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Wargaming to open an office in Belgrade
In Belgrade, Wargaming will launch international and local talent competitions, and in the future, the office will also become a vital relocation center for the company’s employees from multiple locations. Read More>>
SoftBank-backed InMobi sets up an office in Dubai
The Bengaluru-based unicorn has a team of 20-30 people working out of the United Arab Emirates’ most populous city. The development comes when Dubai is diversifying its offering, aiming to become a tech hub for multiple sectors, including cryptocurrency. Read More>>
Spotify announces its largest-ever European advertising deal with OMG
In partnership with Omnicom Media Group (OMG), clients of its agencies will be aligned with podcast content by using Spotify’s proprietary podcast advertising tools. The clients will also have advanced access to new podcast ad formats and – crucially for all players – some original and exclusive content. Read More>>
Pinterest and Tastemade strike multimillion content deal
As part of the partnership, Tastemade will produce 50 new shows that will debut exclusively on Pinterest via new content franchises and Idea Pins, Pinterest’s multi-page video pins. Read More>>
Merger and Acquisition
Entain acquires Dutch operator BetCity
The combination of BetCity’s local expertise, strong brand and large, diverse user-base with Entain’s global scale and market-leading platform will provide customers with a broader offering of engaging products, fresh content, and new experiences. Read More>>
NAMMBA announces partnership with Newfi Lending
The partnership aims to help NAMMBA’s effort to positively change the housing needs of underserved communities and develop a more diverse mortgage workforce. Read More>>
Executive Movement
Instructure names Shiren Vijiasingam as Chief Product Officer
Vijiasingam joins Instructure with over two decades of product experience and more than ten years in education technology. He previously served as Chief Product Officer, both at Newsela, a K-12 content platform and General Assembly, the pioneer of career transformation education. Read More>>
Remitly appoints Rina Hahn as Chief Marketing Officer
The company announced the appointment of Rina Hahn as Chief Marketing Officer. Hahn came to Remitly from Blue Nile where she served in various roles, including as the Director of Acquisition, overseeing global marketing for the company. Read More>>
Financial and Market Activity
Jumia posts 44% revenue growth, 9.3m orders in Q1 2022
In the report, the Pan-African e-commerce company highlighted consistent growth but had lapses in some areas compared with Jumia’s previous quarter. Read More>>

Latest Industry Insights from Draup Braindesk

  1. Thesis specializes in mid-market higher education institutions in the US, Canada, France, UK, and Ireland to modernize the student journey from the inside out. 
  2. Through a core Student Information System engine, Thesis empowers change through proven implementation services and world-class support in the higher education market. 
  3. By offering a highly focused approach, Thesis helped the customers address typical challenges encountered with cumbersome processes and aging systems.  
  4. Thesis focuses on Customer Experience for improving customer capabilities using student information systems.

Key Funding Alert

WSO2 Completes USD 93 Mn Series E growth funding round with the investment from Info Edge
Info Edge joins lead investor Goldman Sachs Asset Management Private Credit, which completed the first tranche of the Series E in November 2021. Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2’s accelerated business expansion across India. Read More>>

Startup Spotlight

Company – Sabio
Total Funding – USD 12.55 Mn
About: Sabio is a CTV platform powered by AppScience®, providing leading brands with the perfect balance between media, data, and technology. Their unique approach to combining mobile data, device location, and consumer behaviors provides brands with more effective targeting and prediction accuracy for their mobile and connected TV ad campaigns. Read More>>
Latest Reports Published in Draup
Mavenir Account Intelligence Report
With a focus on developing advanced communication technology, Mavenir provides a unique CPaaS offering that enables the next-generation features into existing & new processes and software applications. Read More>>
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