This week in Software: Enterprise software firms aim to streamline their solutions with strategic partnerships & acquisitions
Latest Industry Insights from Draup Braindesk
As 5G deployment picks up pace, service providers are ramping up investment in Edge and data management infrastructure
Rohde & Schwarz introduces an enhanced 5G broadcast server and control center and partners with Field force for the testing of new 5G network deployments.
Google introduces 5G Edge ISV (Independent Software Vendors) for faster edge data transmission and partners with Nokia to strengthen its 5G Cloud-Native Core.
HPE launches 5G Lab to integrate 5G network solutions and expand its 5G portfolio with 5G Core Stack, Resource Aggregator, and Edge Orchestrator.
VMware accelerates the onboarding and implementation of 5G-ready systems to evolve and bring new services to customers.
Investments into AI continue to rise as companies seek to add more services to their portfolio
Microsoft is developing cloud-based solutions and AI capabilities to accelerate new innovations that can increase productivity and meet real-world needs.
PTC enhanced their Service Parts Management and Service Parts Pricing software system using artificial intelligence and advanced optimization engines.
ServiceNow is banking on deep learning techniques to enhance its Now platform significantly.
Flexibility and security are the key drivers pushing enterprises to increase investments into hybrid cloud infrastructures
Epicor is working on providing ERP Platforms as Software as a Service (SaaS) using cloud solutions for complex industrial requirements.
Nutanix partners with Microsoft Azure to deliver a hybrid solution across on-premises and Azure environments.
HPE acquires Silver Peak to strengthen its Aruba Edge Services Platform and enhance enterprise cloud transformation with cloud networking solutions.
Microsoft plans to open new data centers in the United States while expanding its technology and finance firms in Florida.
Tech giants bet big on health as they pioneer solutions for drug discovery and digital health platforms
Google partners with multiple digital health partners such as Hologic, Boehringer Ingelheim, and Fitbit to enhance their patient monitoring, screening, and diagnostics capabilities.
GE Digital introduces Proficy Sensor Health, a smart heath application to ensure clean sensor data to reduce risk and support digital transformation.
Companies commit to developing better digital experience solutions to improve customer satisfaction
Amadeus partners with Fliggy, Booking.com, and Conferma to enhance their digital customer experience across all touchpoints, from shopping to payments.
IPsoft launched Amelia, an AI and cloud-based Digital Employee that can improve the first-touch customer interactions and time to resolution (TTR) rates.
Latest Reports Published in Draup
Sales Force Market Analysis: In the fiscal year 2020, the annual revenue was USD 17.1 Bn, an increase of 29 percent year-over-year. Subscription and support revenues accounted for approximately 94 percent of its total revenues. Read More>>
Workday Account Intelligence Report: Workday’s revenue increased by 28 % in FY 2020 compared to FY 2019 due to the strong sales achieved in the subscription services segment. Read More>>
Key Funding Alert
SaaS startup Ally.io raises USD 50 Mn in Series C round
This three-year-old startup has cumulatively raised $76 million in funding till now, and its Series B round was concluded in October 2019. Ally.io has built a technology platform in the space of goal setting and business execution software or what is commonly called as Objectives and Key Results (OKR) segment. Read More>>
Company – Omnipresent HQ Location – London, United Kingdom Total Funding – USD 17.8 Mn About: Omnipresent provides a human resource and onboarding platform designed to help companies employ remote-working local teams worldwide. It handles local employment compliance, payroll, HR, & benefits for international teams. Read More>>
Key Insights and Signals in Consumer Software
Mergers and Acquisitions Gojek and Tokopedia merger adds fizz to Asia’s tech sector The merger will drive job creation through innovation and new startups. With combined reported values of around USD 18 Bn, super app provider Gojek is valued at USD 10.5 Bn, while Tokopedia, one of Indonesia’s largest e-commerce platforms, is valued at USD 7.5 Bn. Read More>> Global design platform Canva acquires Kaleido AI & Smartmockups Together, the companies will capitalize on the significant global reach of Canva’s growing ecosystem of apps and integrations, introducing a range of innovative visual design tools. Read More>> Vedantu acquires doubt-solving platform Instasolv The Instasolv acquisition will strengthen the ed-tech startup’s instant doubt-solving capabilities. The deal value was, however, not disclosed. Last year, Vedantu had invested USD 2 Mn in Instasolv as part of its pre-Series A funding round. Read More>>Partnerships Zoopla and FocalAgent partnership gains momentum The partnership provides Zoopla with free access to FocalAgent’s Smart Viewing platform. Zoopla has revealed that over 250 agents have now signed up to benefit from its partnership with FocalAgent, a marketplace connecting estate agents with property marketing solutions. Read More>> Apex Learning expands partnership with Instructure to streamline access to digital curriculum This expanded partnership allows students, teachers, parents, and administrators to engage with one platform for communication, collaboration and to access Apex Learning instructional content. Read More>>Executive Movement RocketFuel Blockchain hires new VP to drive business development and the next phase of growth In this position, Kurt Kumar will oversee the development and acquisition of new business in the rapidly growing crypto payments space. Read More>> Quotient Limited announces Manuel Mendez as Chief Executive Officer Manuel brings over 30 years of experience in the diagnostic and life science markets. He joined Quotient from Quest Diagnostics. Read More>> Google has a new responsible AI lead Google has appointed Dr. Marian Croak to lead its responsible artificial intelligence division within Google Research. Croak will oversee the teams working on accessibility, AI for social good, algorithmic fairness in health, brain fairness, ethical AI, and others in her new role. Read More>>
Key Insights and Signals in Enterprise Software
Mergers and Acquisitions Citrix® completes acquisition of Wrike Through the acquisition, Citrix will deliver the industry’s most comprehensive cloud-based work platform to empower all employees and teams to securely access, collaborate and execute all work types in the most efficient and effective way possible — across any work channel, device, or location. Read More>> Autodesk to acquire smart water infrastructure software maker Innovyze for USD 1 Bn Autodesk intends to combine the Innovyze portfolio with Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud. Read More>> Proofpoint acquires InteliSecure to strengthen its cloud-based people-centric security platform The acquisition of InteliSecure will support Proofpoint’s ability to collectively help their customers and partners with people-centric managed security services that leverage the technology and deep expertise of InteliSecure applied across Proofpoint’s market-leading security and compliance platforms. Read More>>Partnerships Twilio to become a minority owner in Syniverse Technologies with USD 750 Mn investment The idea behind the partnership is to combine Twilio’s API communications expertise with Syniverse’s mobile carrier contacts to create an end-to-end communications system. Read More>> Saama teams with Oracle to offer Life Sciences industry AI-enabled solutions This collaboration empowers pharmaceutical companies with artificial intelligence (AI)-driven insights to expedite clinical trials – a critical need that has been reinforced in light of this year’s global pandemic. Read More>> Tele2 IoT launches Private Interconnect in partnership with Equinix Private Interconnect offers next-level security, allowing IoT customers to expand their safety solution by connecting to Equinix’s global Interconnection service, Equinix Fabric. This enables IoT customers to directly, securely, and dynamically connect to distributed infrastructure and digital ecosystems using a single port. Read More>>Executive Movement SurveyMonkey announces executive change Debbie Clifford, chief financial officer, will be leaving the company in March. Zander Lurie, chief executive officer, will serve as interim chief financial officer. Read More>> Autodesk hires Clifford as CFO, Arasu as CTO Clifford serves on the board of Harmonic, a video technology, and services company. Arasu will be responsible for Autodesk’s technology strategy and ensure alignment against long-term innovation priorities and short-term technology imperatives. Read More>> Gusto names Carrie Gillis as VP and general manager The newly created position will have Gillis oversee the operations, sales, and marketing of the company’s Ottawa studio and master control facility. Read More>>
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