Google taps Raxium to help innovate its in-house display tech for AR/VR applications

Key Signals in Enterprise Software

Centre Setup and Expansion
Amdocs launches Americas 5G Experience Lab
The 5G Experience Lab, which is set to open in Dallas, Texas, is a sandbox where service providers, enterprises, Amdocs, and its 5G edge applications can stretch the limits of connected experiences, unlocking new opportunities across industries. Read More>>
Canada Post and Membertou celebrate the new Community Hub with expanded services and support for local businesses
The Community Hub is a new kind of post office that gives the local Mi’kmaq community and businesses greater access to an expanded range of important products and services. Read More>>
CMC Markets expands with significant investment in technology hub
Due to open this summer, its formation marks the FTSE250 company’s UK expansion beyond its London headquarters. This investment enables the business to harness the region’s top talent, build on its technology stack, expand its product offering and maintain its market position. Read More>>
Palantir deepens its relationship with the U.K. Ministry of Defence
The company struck a USD 12.5 Mn contract with the U.K. Ministry of Defence, the largest U.S. firm with a high-profile department. The latest contract, awarded in March, is among several previous contracts with the MoD, including data integration services and an analytics deal with the Royal Navy. Read More>>
Equinor extends deals for integrated drilling and well services
The company announced the extension of contracts with oilfield services giants Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services on the Norwegian continental shelf. At the same time, the Norwegian energy giant company is prolonging its deals for additional services with the three companies and 13 other suppliers. Read More>>
iFlytek signs strategic cooperation agreement with Wuxi Economic Development
The project will see iFlytek setting up iFlytek Intelligent Driving Technology Headquarters and iFlytek’s Wuxi subsidiary within the Wuxi Economic Development Zone to promote the development of the Internet of Vehicles (IoVs), smart connected vehicles, and so on. Read More>>
Exabeam partners with ZeroFox to improve cyber defense capabilities for customers
The two companies announced an OEM partnership to enhance indicators of compromise with an added layer of threat intelligence for Exabeam Fusion SIEM and Exabeam Fusion XDR customers. Read More>>
Datavault provides Zendesk integration to boost customer experience
By collaborating with customer service software company Zendesk, Datavault clients can offer around-the-clock support for a uniform, differentiated, and frictionless customer experience. Read More>>
Mergers and Acquisitions
LexisNexis Risk Solutions acquires BehavioSec for behavioral biometrics
This integration with BehavioSec within RELX’s ThreatMetrix will offer more defense for customers without adding friction across the consumer journey. Furthermore, customers will also benefit from continuous authentication, advanced machine learning capabilities, and additional behavioral data for enhanced authentication processes. Read More>>
Datadog to acquire a Spain-based security-testing software provider
The NYC-based monitoring and security platform for cloud applications is to acquire Hdiv Security. This addition of Hdiv Security’s capabilities will enable Datadog to enhance a comprehensive approach to application security via its cloud platform. Read More>>
Executive Movement
CyberArk appoints Simon Mouyal as CMO
Mouyal will oversee global marketing strategy and execution at CyberArk to amplify brand awareness and further extend market leadership. Read More>>
Tysons-based MicroStrategy names new CFO
The company announced that Andrew Kang would be its new senior executive vice president and chief financial officer. Kang takes over for Phong Le, who served as CFO and president. Read More>>
Hearst names Adwoa Dadzie as the new Chief People Officer
Dadzie joins Hearst Corp.’s magazine division with more than 15 years of experience working across various functions in human resources, most recently serving as vice president and head of people experience for the fitness and lifestyle brand SoulCycle. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Flipkart to explore Web3 and Metaverse commerce with innovation lab
Flipkart’s in-house innovation unit is looking to explore Metaverse e-commerce this year. The Indian e-commerce company will also focus on NFTs, immersive virtual stores, ever-popular play-to-earn segments, and other blockchain-related use-cases. Read More>>
AES Corporation nails down another Microsoft renewable energy agreement
AES’s presence and critical capabilities in California will support Microsoft’s transition to 100-percent renewable energy by 2025. This partnership further enables Microsoft to move forward in having 100 percent of our electricity matched by zero-carbon resources in the state. Read More>>
Snowcrash partners with Sony Music and Universal Music Group for the new NFT platform
Snowcrash plans to release Bob Dylan and Miles Davis NFTs later this year and for emerging artist Varvara. However, it won’t just partner with existing properties. It plans to create new virtual experiences. Read More>>
Mergers and Acquisitions
St. Louis’ AT&T tower sells for USD 4.1 Mn
The vacant, former AT&T tower that occupies an entire city block in downtown St. Louis has sold for USD 4.1 Mn, less than half of what it is appraised for. According to records, New York-based SomeraRoad Inc. has purchased the 1.4 million-square-foot tower. Read More>>
Google acquires Raxium to help innovate their in-house display tech
Google has acquired Raxium, an innovator in single-panel MicroLED display technologies. Google plans on leveraging Raxium’s yet-to-be-developed “ultra-compact, low-power, high resolution” displays, which can help the former in future augmented or virtual reality devices. Read More>>
Executive Movement
Ubisoft to propose the appointment of Claude France to its Board of Directors
Claude is currently Managing Director of Worldline France, Head of MTS, Worldlines digital services, and a board member of Ingenico. She has held various leadership positions in sales and business development in high-tech and digital businesses throughout her career. Read More>>

Latest Industry Insights from Draup Braindesk


Key Funding Alert

AutoRabit raises USD 26 Mn in Series B funding for its Salesforce DevOps solutions: The new cash will be put toward product development and expanding the size of AutoRabit’s 135-person workforce. Furthermore, the DevSecOps platform plans to invest a portion of the new funding in AI and machine learning technologies for automation. Read More>>

Startup Spotlight

Company – SaaS Labs
Total Funding – USD 73.25 Mn
About: SaaS Labs develops software products that revolve around productivity and business process automation. It develops communication workflow and productivity tools (web & mobile based) for over 16 million sales and support agents worldwide. Read More>>
Latest Reports Published in Draup
R.R. Donnelley & Sons Company Account Intelligence Report 
With a focus on developing customized augmentation services, R.R. Donnelley provides brands access to world-class production and embellishments for localized presence and global resources. Read More>>
Haemonetics Corp Account Intelligence Report 
Haemonetics Corporation provides technology that addresses critical medical markets to blood and plasma component collection, the surgical suite, and hospital transfusion services. Read More>>
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