Centre Setup and Expansion Varonis opens Australia Data Center to support SaaS customers The new data center, located in Sydney, will help Varonis customers demonstrate compliance with national data sovereignty rules and enable them to leverage Varonis’ world-class visibility, automation, and support. Read More>> Lectra brings production back in-house with the inauguration of its manufacturing facility in Tolland, Connecticut The facility will produce a range of cutting-edge textile manufacturing solutions, including equipment for fabric cutting, as well as software for production planning, management, and control. Read More>> Microsoft to open multiregional hub in Kazakhstan Microsoft has announced plans to open a multiregional cloud data center in Kazakhstan to provide cloud services to businesses and public organizations in the country. This move is expected to improve the reliability and speed of cloud services, as well as increase the level of data security and protection for Kazakhstani customers. Read More>>Deal Banma selects Cerence to bring Conversational AI to China’s largest OEMs Banma will deliver its key customers market-leading voice recognition and AI-powered, in-car intelligence solutions, enabling them to create unique and compelling brand experiences for drivers and passengers. Read More>>Mergers and Acquisitions Zoom Video to acquire human-resources platform Workvivo for an undisclosed sum The acquisition of Workvivo will allow Zoom Video to offer its customers new ways to keep employees informed, engaged, and connected. Zoom expects to close the deal by the end of April. Read More>> DNEG to acquire Prime Focus Technologies Acquiring the software-as-a-service business of PFT “will advance DNEG’s status as an end-to-end solutions provider,” enabling its expansion into media tech and distribution services, including fulfillment, localization, and marketing, and allowing DNEG’s worldwide M&E client base. Read More>>Layoff Simpl lays off 150 employees Simpl, an Indian fintech startup, has laid off around 150 employees, citing a shift in its business strategy as the reason. The laid-off employees will receive severance pay and assistance in finding new employment opportunities. Read More>> WalkMe axes another 112 employees, reducing the workforce by a further 10% WalkMe is embarking on its second round of layoffs this year and will part ways with 112 employees in addition to the 43 employees who were laid off at the beginning of 2023. This second round of layoffs totals 10% of the company’s employees. Read More>>Partnerships Okta Customer Identity Cloud to provide secure and trusted digital identity with SingPass Okta, a provider of identity management solutions, has announced a partnership with SingPass, a national digital identity platform in Singapore. Okta’s Customer Identity Cloud will integrate with SingPass to provide secure and trusted digital identity services for government and enterprise customers in Singapore. Read More>> EY announces alliance with Hexagon’s Asset Lifecycle Intelligence division to help build supply chain technology strategies and service offerings Ernst & Young will assist companies in building effective supply chain technology strategies and service offerings. The partnership will leverage Hexagon’s technology expertise and EY’s global supply chain advisory capabilities to develop solutions for clients. Read More>> Veriday & Appian announce a new partnership, taking Digital Transformation to new heights Digital transformation firms Veriday and Appian have formed a new partnership to offer a range of digital solutions, including app development, low-code development, and business process management. The partnership aims to help organizations enhance their digital capabilities and improve customer experience. Read More>>Mass Hiring US Tech firm Eventbrite to hire 120 for its Development Centre in India The company plans to hire 120 software engineers and product managers for its development center in Chennai, India. The expansion of the team will focus on the development of the company’s virtual and hybrid event solutions. Read More>>Executive Movements SentinelOne appoints Sally Jenkins as Chief Marketing Officer Jenkins will be responsible for the planning, development, and global execution of the company’s marketing strategy to elevate the SentinelOne brand and support industry-leading growth at scale. Read More>> ExtraHop names Mark Bowling as Chief Information Security and Risk Officer As NDR adoption rapidly grows, Bowling will be responsible for implementing effective overall security, information security, and risk management frameworks to maximize growth opportunities for ExtraHop. Read More>>
Key Signals in Consumer Software
Centre Setup and Expansion Microsoft to open Multiregional Hub in Kazakhstan The multiregional data center hub will support the company’s cloud services in Kazakhstan. The hub will be the company’s first in Central Asia and will be built in partnership with the government of Kazakhstan, with an investment of over USD 2 billion. Read More>> The New Amazon fulfillment center brings more than 500 jobs to Liberty The facility spans over 1 million square feet and will be used to store, pack, and ship large items such as furniture and electronics. The new center is part of Amazon’s ongoing expansion plans to meet increasing demand and shorten delivery times. Read More>> BlaBlaCar looks to open an office in India to expand business BlaBlaCar is considering opening an office in India as part of its expansion plans. The company is looking to tap into the country’s growing ride-sharing market, which is expected to reach USD 30 billion by 2030. Read More>>Deal Samsung to install McAfee software on all of the new Galaxy phones Samsung has announced that McAfee’s security software will be pre-installed on its new Galaxy devices, including the M-Series. This partnership will provide users with enhanced protection against malware and cyber threats, as well as safe web browsing and anti-theft features. Read More>>Merger and Acquisition E& to acquire a majority stake in Careem Super App Etisalat Group is set to acquire a majority stake in Careem Super App, a ride-hailing and delivery platform operating in the Middle East. The deal is part of Emaar’s efforts to expand its portfolio and digital capabilities in the region. Read More>>Layoff Google halts a major project and cuts 12,000 jobs The company’s decision to suspend its ambitious ‘Google Station’ initiative, which aimed to provide free Wi-Fi services across India, has led to job cuts. The pandemic and stiff competition from rival tech firms are said to have played a role in the move. Read More>>Partnerships BAE and Microsoft join forces to equip Defence Programmes with innovative cloud technology The partnership will enable BAE to integrate its existing products with Microsoft’s Azure cloud platform and use its AI, machine learning, and data analytics capabilities to enhance its products and services. Read More>> Coles, Uber Eats, launch on-demand delivery partnership Coles has partnered with Uber Eats to launch an on-demand delivery service for its products in select locations. Customers can order from a range of over 3,000 products and have them delivered to their doorstep within 30 minutes. The service is currently available in Melbourne and Sydney, with plans to expand to other cities. Read More>> Brawijaya University, Microsoft inks MoU on Artificial Intelligence The agreement will enable the university to access Microsoft’s AI tools and technologies and participate in training and development programs to enhance its capabilities in AI research and innovation. Read More>> Expedia integrates ChatGPT into Mobile App The integration enables travelers to communicate with the app using natural language, allowing for a more personalized and efficient booking experience. Read More>>Executive Movement Adevinta ASA appoints Julien Jouhault as Chief Product & Technology Officer Jouhault will be responsible for overseeing the company’s product and technology teams, as well as driving innovation and growth for Adevinta’s digital marketplace platforms. Read More>>
Latest Industry Insights from Draup Braindesk
Key Focus Area:
DocuSign focuses on accelerating business and simplifying life for companies and people worldwide to give users a fast, secure, and elevated customer experience with DocuSign eSignature, and help boost digital business transformation.
DocuSign aims to help organizations connect and automate to prepare, sign, act on, and manage agreements to offer eSignature as an easy and efficient way to sign electronically on practically any device, from almost anywhere, at any time.
DocuSign intends to expand e-Signature in cloud-based construction, project management, and job cost software suite that is convenient, quick, and efficient as it is fully encrypted.
DocuSign focuses on leveraging AI-powered contract analytics solutions designed for incoming agreements that use AI to provide legal, sales, procurement, and other stakeholders with clear and actionable insight.
Digital Transformation:
DocuSign focuses on expanding e-Signature that enables sending and signing of agreements on a wide variety of devices virtually, which makes organizations do business faster with less risk and lower cost and provides a better experience for customers.
DocuSign intends to implement full digital business by developing a cloud software platform that integrates with popular business apps, and functionality can be embedded using APIs and allows customers to automate and streamline business-critical workflows to save time and money.
Service providers with strong expertise in these areas are expected to be the real winners.
Key Funding Alert
Nvidia-backed Cloud Compute Provider CoreWeave Raises USD 221 Mn in Funding
CoreWeave’s cloud platform offers GPU-accelerated computing services for a range of applications, including AI, machine learning, data analytics, and gaming. The company also plans to increase its headcount in engineering, sales, and marketing. Read More>>
Startup Spotlight
Company – iSeller Total Funding – USD 20 Mn About: ISeller’s mission is to give their customers access to our technology so they can thrive in the digital era, enabling them to grow their business to the next level easier, faster, smarter, and without limits. Read More>>
Here’s what’s new on our Sales Intelligence Platform Introducing outsourcing highlights
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Introducing JD Reader App to help you search job listings and get talent demand insights
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