OpenText to acquire Micro Focus to create one of the world’s largest information management and security businesses

Key Signals in Enterprise Software

Centre Setup and Expansion
Freyr Battery establishes Technology Centre in Boston 
Freyr is collaborating with its joint venture partners from Koch Strategic Platforms (KSP) to accelerate the development of Giga America, the company’s first U.S. Gigafactory. Freyr’s battery manufacturing process will be initially based on 24M’s SemiSolid™ platform, which is designed to drive capital and operational efficiencies relative to conventional production methodologies. Read More>>
Appian launches new product development center in India  
Led by Vice President of Engineering Ramesh Ardhanari, Appian Chennai will accelerate the delivery of new Appian low-code capabilities and features. The office houses most of Appian Engineers, including product managers, software developers, quality engineers, and user experience designers. These experts will deliver new capabilities and features to expand the Appian Low-Code Platform. Read More>>
Clavister to provide cybersecurity for Swedish satellite communications  
The Swedish Defence Materiel Administration has awarded a contract to the company to provide cybersecurity technology for satellite networks. The contract was awarded to Clavister after the firm participated in the government agency’s TechDay, a military innovation program to identify novel technologies to enhance the Swedish armed forces’ capabilities. Read More>>
Mergers and Acquisitions
OpenText to acquire Micro Focus in huge USD 6 Bn deal 
Upon completion of the acquisition, OpenText will be one of the world’s largest software and cloud businesses with a tremendous marquee customer base, global scale, and comprehensive go-to-market. Read More>>
Blackbaud acquires Kilter  
With the acquisition, Blackbaud will expand activity-based peer-to-peer fundraising engagement, support activity-based health and wellness initiatives for socially responsible companies, and grow how individuals can connect with the causes they care about most through the activities they love. Read More>>
Applied Systems’ acquisition of Tarmika to drive connectivity 
The addition is set to expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable digital distribution experience at each stage of the insurance lifecycle. Read More>>
The Tribune inks a two-year exclusive partnership with Taboola 
Under the exclusive partnership, The Tribune will leverage Taboola Feed to provide its readers with a seamless flow of personalized content recommendations and videos to keep them engaged on the publication’s mobile and desktop websites. Read More>>
OutPLEX announces key partnership with Amazon Web Services 
The partnership was brought about by the growing need for seamless integration between omnichannel customer contact experiences while ensuring customer data protection.  In teaming up with Amazon, OutPLEX plans to utilize the APN (Amazon Partner Network) Connect offering to meet clients’ needs. Amazon Connect will enable OutPLEX to provide top-notch voice and digital messaging solutions. Read More>>
 Executive Movement
CredAble appoints Satyam Agrawal as MD of International Business  
Satyam will be responsible for the expansion of CredAble internationally, focused on the Asia Pacific, Middle East, and Africa region. He has two decades of experience in Banking, FinTech, and the SME Segment, in senior leadership roles with global banks. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Sony Music Publishing opens a new office in Lagos, Nigeria 
Sony Music Publishing is continually expanding its presence in West Africa. The label recently signed Ghanaian pop act Gyakie. The Nigeria division will be headed by Godwin Tom, who will further the company’s global reach and support its growing roster of songwriters and composers across the region. Read More>>
Amazon signs green hydrogen supply deal with Plug Power 
Plug Power will supply 10,950 tons of green hydrogen every year starting 2025 that it will use to replace grey hydrogen, diesel, and other fossil fuels. The green hydrogen deal will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks. Read More>>
Merger and Acquisition
Comcast agrees to sell its majority stake in regional network NBC Sports Washington  
The company has agreed to sell its majority ownership stake in NBC Sports Washington, the regional sports network that airs local Washington, D.C., NBA, and NHL games, to Monumental Sports & Entertainment. The move comes as local sports channels have been under pressure as consumers continue to drop their subscriptions to cable and satellite TV packages. Read More>>
Marin Software announces Snapchat integration 
The integration with Snapchat’s Marketing API gives advertisers better insights and helps them improve the performance of their Snapchat campaigns through machine learning and automation. Read More>>
Teradek integrates with Sony’s Ci 
Sony’s Ci provides content acquisition portals, real-time collaboration, automated transcoding, rough cut editing, QC, and archive functionality in a single SaaS offering. According to Teradek and Sony, this new integration will provide the fastest on-set configuration on the market. Read More>>
Samsung India partners with Paytm to offer buyers more financing options 
Consumers buying Samsung devices through authorized stores in India can now pay through Paytm’s PoS (Point of Sale) machines. It will allow users to pay through credit cards, debit cards, UPI, Paytm Wallet, and Paytm Postpaid. Read More>>
Executive Movement
Vacasa names new CEO 
Rob Greyber, the former head of Expedia subsidiary Egencia, will lead the vacation rental platform beginning Sept 6th. Greyber brings in over 20 years of leadership experience in the travel and technology industries and most recently has served as President of Egencia, a corporate travel business previously owned by Expedia Group. Read More>>
Baidu Capital appoints Li Xiaoyang as new CEO  
Li, who is the former vice president of Baidu, will be joining the board of directors, in charge of the investment and M&A department. He will lead the firm in its layout of Baidu‘s AI ecology and will focus on investment in high-tech fields after assuming office. Read More>>

Latest Industry Insights from Draup Braindesk

Zoom Video Communications, Inc.’s Mulesoft Implementation
  • Implementation of cloud-based Mulesoft software solution to automate back-office processes and day-to-day business activities that include software as a service (SaaS) integration, on-premises software, legacy systems, and other platforms.
Zoom Video Communications, Inc.’s Workday Implementation
  • Implementation of cloud-based Workday software solution to automate back-office processes and day-to-day business activities that include financial management and human capital management.
Zoom’s Oracle Implementation
  • Implementation of cloud-based Oracle software solution to automate back-office processes and day-to-day business activities that include databases, cloud-engineered systems, and enterprise software.
Zoom’s Cloud Migration
  • The process of transferring applications and associated data of any organization from on-premises data centers to the cloud. Organizations may choose between public, private, and hybrid clouds for migrating applications and data. 

Key Funding Alert

Singtel to invest USD 20 Mn in training employees 
Singtel, which employs 12,000 people in Singapore, will further invest USD 20 Mn a year and create a new learning academy to enhance its training efforts. Employees will be able to utilize the learning academy, Singtel 8George, to learn at their preferred time in person and virtually. Read More>>

Startup Spotlight

Company – Zora
Total Funding – USD 52 Mn
About: Zora Labs is a marketplace for non-fungible tokens. Its platform utilizes blockchain technology that offers secondary market value to digital files, including photos, videos, audio, and music, and includes features such as drop alerts and notifications. Read More>>
Latest Reports Published in Draup Account Intelligence Report focuses on smart innovation technology, improving its travel service offerings, and driving the evolution of the travel industry. The platform enables properties worldwide to reach a global audience and grow their business. Read More>>
UL LLC Account Intelligence Report
UL Solutions offers extensive capacity charger testing services for EV charging equipment to test high-power DC chargers for explosion-proof battery testing. It continues to help customers expand the market for connected devices by providing high-quality cybersecurity verification services for manufacturers. Read More>>
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