IBM, SAP team up to move legacy workloads to hybrid cloud

Key Signals in Enterprise Software

Centre Setup and Expansion
SenseTimes’ massive AI Data Center commences (AIDC) operation  
The AIDC can provide powerful, elastic, and stable computing capacity for training base models with as many as 100 billion parameters. Read More>>
Digital Realty opens its first data center in South Korea 
The new facility will expand the availability of PlatformDIGITAL, Digital Realty’s first of its kind global data center platform for driving the adoption of cloud computing services and solutions in the region. Read More>>
Darktrace signs USD 1 Mn deal with global electronics company 
Darktrace’s technology can not only detect threats but can fight back against them on an organization’s behalf, empowering businesses to focus on doing what they do best. Darktrace recently won a multimillion contract with a world-leading aviation business. Read More>>
UKHSA signs USD 16 Mn deal with IBM for Test and Trace cloud  
IBM will support UKHSA in building and preparing the new system described in newly published commercial documents as a strategic data platform for the public health agency. Read More>>
Westpac signs five-year deal with Microsoft to lift it further into the cloud 
The deal with Microsoft will see the tech giant help the bank continue with the rollout of its digital and hybrid multi-cloud strategy. Westpac also leverages Azure artificial intelligence and machine learning capabilities to process documents. Read More>>
Singapore signs for Azure-hued sovereign cloud from Microsoft
Through this agreement Microsoft is delivering platform capabilities that will enable the digital transformation of Singapore’s Home Team Science and Technology Agency (HTX). Read More>>
IBM, SAP team up to move legacy workloads to hybrid cloud
IBM has agreed to become SAP’s first partner to deliver cloud infrastructure and technical managed services. Big Blue will focus on helping end-users to adopt hybrid cloud platforms. It’s all part of the Rise with SAP portfolio, launched last year to support digital transformation. Read More>>
PayU announces integration with BigCommerce to boost SMB digitalization
As a result of this integration, PayU can now provide payment infrastructure & solutions to BigCommerce’s small-to-medium-sized merchants in India. Read More>>
Mergers and Acquisitions
AppDirect acquires leading Canadian cloud technology provider,
With this acquisition, AppDirect expands the geographical footprint in Canada of its AppSmart business, which is focused on helping simplify how channel partners and businesses find, buy and manage technology, and gains full end-to-end Microsoft capabilities. Read More>>
Executive Movement
Anil Jain, M.D., FACP, joins Innovaccer leadership team as Chief Innovation Officer
As the company’s Chief Innovation Officer, Dr. Jain will lead Innovaccer in helping healthcare organizations connect their care ecosystems on the Innovaccer Health Cloud. Read More>>
FICO appoints Amir Hermelin as Vice President and Chief Technology Officer
Amir Hermelin will lead FICO’s software development function. Hermelin served as vice president of product engineering and data at SoFi, where his team developed an integrated financial services platform for end consumers. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Bukalapak opens Research Hub in Melbourne
Melbourne’s technology ecosystem is an ideal base for Bukalapak to establish this technology hub, which allows Indonesian technology talents to work closely with technology practitioners from Australia and around the world. Read More>>
Mr. Cooper, Sagent to jointly build cloud servicing platform  
The definitive agreement reached by both parties stipulates that Mr. Cooper will sell certain intellectual property rights related to its proprietary, cloud-based technology platform for mortgage servicing to Sagent. Meanwhile, Mr. Cooper will receive a minority equity stake in the fintech company. Read More>>
Coinbase partners with OneRiver to roll out new institutional platform
Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in related activities. Read More>>
Snapdeal partners with GoKwik for AI-supported shopping experience
Snapdeal will use GoKwik’s AI & Machine learning solutions to offer an enhanced, customized shopping experience to its users. Snapdeal will integrate GoKwik’s AI-Model that studies customer behavior across various stages of the shopping funnel by analyzing over 200+ parameters. Read More>>
Mergers and Acquisitions
TripActions to acquire German TMC Comtravo
This will further boost TripActions technology offerings and footprint in Europe. Europe and the U.K. will make up more than half of TripActions’ business following the acquisition. Read More>>
Executive Movement
LendingClub appoints Balaji Thiagarajan as Chief Technology Officer
Thiagarajan joins LendingClub’s Executive Team as Chief Technology Officer, reporting directly to Scott Sanborn to lead all product development efforts, including the company’s financial application suite and business platforms, as well as Technology Operations, Product Management, and Enterprise Program Management organizations. Read More>>

Latest Industry Insights from Draup Braindesk

Account: Coinbase – Account Intelligence Report

  • Coinbase focuses on the implementation of new research and development center and provides advanced cryptographic securities through the acquisition of Unbound Security 
  • They are also focused on improving its self-custody capabilities expansion of institutional digital hedging and crypto investment capabilities. Coinbase Prime’s institutional clients will gain access to a greater universe of structured products with crypto underlyings. 
  • Consulting & System Integration is the highly outsourced segment, holds approximately 75% of the total outsourcing headcount. Accenture is the key strategic outsourcing partner for Coinbase


Key Funding Alert

Productboard Raises USD 125 Mn In Series D Funding 
Productboard is a customer-centric product management platform that helps teams quickly get the right products to market. The investment will support and scale product offerings for Productboard’s growing base of enterprise customers, fuel hiring efforts, and continue to position the company as the leader in the product management software space. Read More>>

Startup Spotlight

Company – Robust Intelligence
Total Funding – USD 44 Mn
About: Robust Intelligence eliminates AI Failures by detecting model vulnerabilities and automatically preventing bad outcomes. Using the RIME platform to secure your AI reduces the time your data science teams spend firefighting issues in production and increases your confidence in your production models. Read More>>
Latest Reports Published in Draup
Thryv – Account Intelligence Report
Thryv focuses on the digital transformation of Small and Medium Businesses by providing them digital payments, dashboards, integrated platforms, and easy loan access. Read More>>

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