Centre Setup and Expansion ATM Manufacturer Diebold Nixdorf is Expanding its Presence in India with a New Factory in Bengaluru A dedicated factory has been set up with India’s contract manufacturing partner NASH Industries. The state-of-the-art manufacturing facility covers an area of approximately 27,000 square feet with a built-in capacity to produce over 18,000 machines per year. Read More>> Finastra Cements Commitment to Growth in Asia Pacific with Centre of Excellence in Kuala Lumpur The company announced a new Centre of Excellence at Malaysia’s MRANTI Technology Park in Bukit Jalil, Kuala Lumpur. MRANTI Park is a hub for technology innovation, commercial adoption, and scientific excellence. The new COE will champion Finastra’s Lending, Universal Banking, Payments, and Treasury & Capital Markets software solutions across the region. Read More>> Munters to Build All-New Site in the U.S. The company’s new facility will increase capacity, improve workflows, and provide a more comfortable work environment. The facility will house fabrication, assembly, rotor production, R&D, and service training. The plan is to be fully operational at the new site by 2024. Read More>>Deals CareCloud Selected by Cornerstone Healthcare Group for Professional Billing Support Cornerstone Specialty Hospitals West Monroe selected CareCloud for revenue cycle management to boost their capabilities and financial outcomes. CareCloud’s RCM will integrate with Cornerstone’s Electronic Health Record (EHR) vendor to support West Monroe locations professional billing. Read More>> Aramex Selects Sprinklr AI Chatbots for Transformative Global Customer Service Sprinklr announced that Aramex is using Sprinklr Modern Care to improve digital customer service. It will use Sprinklr’s AI chatbots in four languages to automate responses to common inquiries while driving positive customer experiences at a lower cost than live human interactions. Read More>>Mergers and Acquisition HSO Acquires Microsoft Cloud Partner Motion10 HSO announces the acquisition of Dutch-based Microsoft cloud services specialist Motion10. Rotterdam-based Motion10 serves 140 clients in finance, retail, the public sector, and professional services. Their services include data, AI, IT security, and low-code Microsoft Power Platform and OutSystems applications. Read More>>Partnerships OpenText and MAD Security Announce Partnership The two companies partnered to strengthen their security portfolio. This partnership will help public sector customers filter false positives, detect and remediate security incidents faster, and protect sensitive data. Read More>> EY Announces Alliance with Alteryx to Help Accelerate Digital Transformation through Analytics Automation The EY Alteryx Alliance will help clients across various sectors optimize data-driven processes by generating valuable insights to deliver faster, better business outcomes to achieve efficiency in business operations. Read More>> HGS Partners with Genesys The company announced a strategic partnership with Genesys to combine SaaS solutions with deep domain contact center expertise to improve customer and employee interactions. It also chose Genesys for its digital-first solutions that measure agent experience. Read More>> Quantela and Socit Des Centers Commerciaux Italia Collaborate The two companies combine forces in a new collaboration that uses advanced digital solutions and data intelligence to improve the shopping experience at Euroma2, Italy’s largest and most iconic mall. The solution includes a data analytics platform, digital screens, and shopper service and loyalty app. Read More>>Executive Movements Sophia Mullen Promoted to President of EnTrust Global The two companies combine forces in a new collaboration that uses advanced digital solutions and data intelligence to improve the shopping experience at Euroma2, Italy’s largest and most iconic mall. The solution includes a data analytics platform, digital screens, and shopper service and loyalty app. Read More>> Broadridge’s LTX Announces Leadership Transitions, Jim Kwiatkowski Named CEO of LTX Jim Kwiatkowski has been promoted to CEO of LTX. Jim Toffey will promote innovation and advise on strategy and market structure as chairman. Mr. Kwiatkowski has spent more than 20 years in the electronic trading industry. Read More>>
Key Signals in Consumer Software
Centre Setup and Expansion Amazon Web Services Launches Second Infrastructure Region in India Amazon announced the launch of its second AWS infrastructure Region in India – the AWS Asia Pacific Region. Customers and partners in India can now deploy applications with greater resilience, availability, and even lower latency. The India cloud will expand and innovate as part of Prime Minister Narendra Modi’s $1 trillion digital economy vision. Read More>>Deal Moy Park Announces Supply Deal with Getir Getir will sell eight of the company’s Moy Park ready-to-eat chicken products. Getir’s app will deliver Moy Park’s branded lines, including its Flame Grilled Chunky Chicken Pieces and Southern Fried Mini Fillets. Read More>>Merger and Acquisition Dropbox Acquires Boxcryptor Assets to Bring Zero-Knowledge Encryption to File Storage Dropbox is bringing end-to-end encryption to its business users by acquiring Boxcryptor. Dropbox is known for its cloud-based file backup and sharing services. While it encrypts files moving between its servers and the destination, Dropbox has access to the keys and can view any passing content. Read More>>Partnerships Deliveroo Hop Partners with Carrefour Italia for Rome Launch Customers can order via the app or visit the first Carrefour by Deliveroo Hop shop in Rome, located at 139 Via La Spezia. There, they can select and order products on digital kiosks at the store’s entrance. Read More>> eBay Unveils its First Collection of NFTs in Partnership with OneOf, Web3 Platform The e-commerce company is launching its first collection of NFTs with the web3 platform OneOf. The first-ever NFT collaboration is a result of the collectibles boom. Read More>>Executive Movements Chris Riedy is the New Head of Twitters Advertising Sales Chris Riedy has worked with the platform for over ten years and is now head of advertising sales. Prior to this, Chris led Wikia’s business development team, creating revenue-generating partnerships. Read More>> AMC Networks Chief Executive Officer Christina Spade Steps Down The AMC Networks board is finalizing a replacement and will announce it soon. The Company’s in-house studio, production, and distribution are behind some of the biggest titles and brands globally. Read More>> Opendoor Appoints CFO Carrie Wheeler as CEO, Co-Founder and CEO Eric Wu as Marketplace President Ms. Wheeler will join the Board, and Mr. Wu will continue to serve. John Rice, an Opendoor board member since 2021, is now the Lead Independent Director. With these changes, the company expanded to nine directors. Read More>>Layoff DoorDash to Cut 6% of Global Workforce in Cost-Cutting Push The company is cutting 1,250 jobs to cut costs after a rapid expansion during the pandemic boom. It aims to cut operating expenses, which topped $2 billion in the third quarter due to stock-based pay and Wolt. Read More>>Financial and Market Activity Jumia Records 6% Revenue Increase in Q3 The company’s Q3 revenue was $50.5 million, up from $47.6 million in Q2. Q3 results showed more encouraging signs that the company is on the right path. It will reduce First Party grocery offerings in subscale markets. Read More>> Lufax Holding Ltd. Sponsored ADR Misses Q3 Earnings and Revenue Estimates The company reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.15 per share. A quarter ago, this company was expected to earn $0.20 per share; it earned $0.18, a -10% surprise. The company only beat revenue estimates once in the last four quarters. Read More>>
Latest Industry Insights from Draup Braindesk
CalAmp is Keen to Deploy Tracker Technology to Monitor Shipments and Track Vehicle Locations Even if It’s Stolen
CalAmp launched HT LinkSense with Hyundai Translead’s edge-to-cloud smart trailer platform. The solution offers tire pressure monitoring, wheel end temperature monitoring, door open/close sensing, and cargo sensing. Its end-to-end trailer operations maximize usage, safety, and efficient delivery.
CalAmp subsidiary LoJack Italia launched CalAmp iOn to help fleet operators make smart business decisions. It provides fleet operators with vehicle, driver, and asset data to improve workflow efficiency, safety, cost savings, and visibility.
CalAmp launched the iOn Xtreme temperature tag to monitor pharma and bio shipments. The temperature tag monitors temperatures between -270 and 400°C, making it ideal for tracking and monitoring pharmaceuticals, vaccines, biological materials, and liquid nitrogen.
CalAmp launched LoJack Espana to provide cloud-based connected car services and stolen vehicle recovery solutions across Spain. The new solution helps auto dealers, insurers, rental companies, construction OEMs, and enterprises proactively monitor and manage their fleets and prevent theft.
CalAmp collaborated with Hendy Group to offer its customers a stolen vehicle recovery device fitted to their vehicle. Hendy Group gives buyers of new or used cars, vans, and trucks at any of its dealerships a pre-installed tracker device.
Tracker Network (U.K) Ltd launched CalAmp’s iOn fleet and asset management software in the U.K. The software enables commercial fleet operators to track driver behavior and vehicle usage, and increase fleet efficiency, cost savings, and safety.
Key Funding Alert
Ride-Hailing App Cabify to Invest $300M through 2024 to Strengthen Latam Presence
The company plans to invest $300 million through 2024 to strengthen its presence in Latin America. The company will use the funds to expand into non-capital cities, improve airport transportation, and “de-carbonize” its fleet. The Uber competitor recently announced a partnership with Beat, which withdrew from Latin America this month. Beat bet on becoming a “green ride-hailing” app with a fleet of Tesla electric vehicles. Read More>>
Startup Spotlight
Company – Huntress Total Funding – USD 99.76 Mn About: Huntress is an information technology company that provides threat detection and actionable cybersecurity intelligence. It enables IT Departments and Managed Service Providers (MSP) to expand their capabilities and confidently address their customers’ most complex cybersecurity challenges. The company was founded in 2015 and headquartered in Maryland, United States. Read More>>
Latest Reports Published in Draup
Vertiv Account Intelligence Report
This report provides an overview of Vertiv’s strategic initiatives around the globe. Read More>>
Netflix Account Intelligence Report
This report provides an overview of Netflix’s strategic initiatives around the globe. Read More>>
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Launching Draup’s Chrome Extension to give more power to your sales efforts. Now, you can quickly add leads on LinkedIn to Draup’s lists.
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