Key Signals in Enterprise Software
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Deals
Apleona UK secures contract with CTS for cleaning and associated services
After a two-week mobilization phase, the contract commenced on March 1 at 21 UK locations. Apleona aims to cooperate with CTS to enhance its sustainability and digitalization activities for the customer. Read More>>
Itron signs a contract with PT. MMID to transform water operations in Indonesia’s fully integrated industrial estate
The company will deploy PT Megalopolis Manunggal Industrial Development’s next-generation meter data collection and management platform. The platform will enable MMID to collect frequent and accurate water meter usage data through a unified platform, reducing billing errors and driving innovation and conservation. Read More>>
Partnerships
Presto collaborates with ChatGPT creator OpenAI
The company will enhance the drive-thru AI voice assistant, Presto Voice, using OpenAI’s ChatGPT API. This collaboration involves both companies working together to develop and implement new features and capabilities for Presto Voice using OpenAI’s cutting-edge AI technology. Read More>>
Cohere ties with Lockheed Martin to push OTFS waveform modulation
The partnership will leverage Coheres’ OTFS waveform technology to develop new communication solutions for defense and aerospace applications. Read More>>
SentinelOne and Wiz announce an exclusive partnership to deliver end-to-end cloud security
The two companies will work together to increase customer value by combining SentinelOne’s AI-powered cybersecurity platform with Wiz’s cloud security solutions. This partnership is expected to provide a comprehensive and seamless security solution for customers. Read More>>
Mergers and Acquisitions
Criteo acquires Brandcrush
The acquisition will enable Criteo to offer a comprehensive omnichannel monetization solution to retailers worldwide, allowing them to manage their entire media inventory across both e-commerce and physical retail. Read More>>
Epicor acquires cloud-based financial planning and analysis provider DSPanel
The acquisition extends the Epicor portfolio of best-in-class financial management solutions, helping makers, movers, and sellers worldwide streamline and simplify budgeting, planning, forecasting, scenario modeling, and financial reporting. Read More>>
Executive Movements
Ipsos names Chief Client Officer
The company has promoted Richie Jones to the position of UK Chief Client Officer at Ipsos. Previously serving as senior client officer at the company, Jones was responsible for managing account relationships in the technology and consumer goods industries. Read More>>
Palo Alto Networks appoints KP Unnikrishnan as New Chief Marketing Officer IT Voice
Unni has extensive experience in international marketing and has helped many organizations develop their marketing strategies and create economic business cases. Unni will lead Palo Alto Networks’ global marketing team to further strengthen the company’s position as a leading cybersecurity provider. Read More>>
Nintex names Amit Mathradas CEO
Mathradas joins the company from his role as President and Chief Operating Officer of Avalara. Amit Mathradas seems like an experienced leader, and his background in technology companies will likely be valuable in his new role at Nintex. Read More>>
Layoff
Xero axes up to 800 jobs (16% workforce) as the tech downturn deepens
This move was difficult but necessary, given the current economic climate. The extent of the job losses in Australia is not yet known. This announcement from Xero reflects the challenges faced by the technology sector amid the ongoing COVID-19 pandemic. Read More>>
Financial and Market Activity
Network International FY sees revenue, profits grow
The company reported revenue and profit growth in 2022. The company’s total revenues increased by 24.5% to USD 438.37 Mn. Merchant services revenue rose 41.4% to USD 183.34 Mn, while outsourced payment services revenue was up 13.3% to USD 242.51 Mn. Underlying earnings also rose by 24.5% to USD 178.6 Mn. Full-year earnings rose 41.6% to USD 80.1 Mn. Read More>>
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Key Signals in Consumer Software
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Partnerships
Tampa International Airport teams up with Uber Eats
Tampa will offer its mobile ordering program, TPA to Go, on the Uber Eats platform. The partnership aims to enhance the convenience and travel experience of users at the airport by providing them with the option to pre-order and pick up their orders upon arrival. Read More>>
Monotype & Canva announce partnership
Canva announced a partnership with Monotype to provide Canva’s global design community with access to over 1,100 curated fonts from Monotype’s vast library. This partnership will help Monotype reach a broader audience and provide greater exposure to its extensive collection of fonts. Read More>>
Paytm signs MoU with AP Govt to drive financial inclusion, public health, and cyber security initiatives
Paytm’s partnership with the Andhra Pradesh government aligns with the state’s vision of becoming a digitally empowered state and promoting financial inclusion through technology and supporting public health initiatives, and enhancing cyber security measures. Read More>>
Mergers and Acquisitions
Transcarent to acquire part of 98point6 for USD 100 Mn, gain AI-powered virtual care platform
The acquisition will enable patients to initiate their care process with Transcarent through a chat powered by 98point6 and then directed to the appropriate care they require. Read More>>
Executive Movement
Playtika expands leadership team with two senior hires
The company appointed Darlan Monterisi as Executive Vice President and Gili Brudno as Chief Human Resources Officer. It will be interesting to see how these new senior hires contribute to Playtika’s success in the mobile gaming industry. Read More>>
Layoff
Airbnb cuts recruiting staff by 30%
The decision affected less than 0.4% of the company’s total workforce of about 6,800. In February, Airbnb announced that it expected headcount growth in the range of 2% to 4% in 2023, compared to 11% growth in 2022. Read More>>
Financial and Market Activity
JD.com reports record FY revenue, swings to profit
The company’s net revenue for the year to December 31 rose by 9.9 percent to USD 152 Bn, with a net profit of USD 1.5 Bn. The strong performance was driven by robust growth in the final quarter, with the company swinging to a net profit of USD 436.4 Mn. Read More>>
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Latest Industry Insights from Draup Braindesk
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Open Radio Network Solution
- Mavenir focuses on developing Open Radio Network Solutions that are freely accessible to all third-party software developers and relevant to both enterprise & consumer applications.
- Mavenir is keen on enhancing OpenRAN and vRAN solution that enables universal wireless connectivity, mobility, and edge services and allows mobile devices and subscribers to connect with the network accesses services.
Cloud-Native Software Solution
- Mavenir intends to develop cloud-native software that uses a web-scale approach to operate and automate the digital transformation of Wireless Service Providers and enable network agility & flexibility in mobile network deployment and management.
- Through a Cloud-Native Solution, Mavenir enhances its Infrastructure Management Services that run on any cloud with no legacy hardware platforms and mainly transforms Voice & Messaging services.
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Startup Spotlight
Company – Nosto
Total Funding – USD 48.81 Mn
About: Nosto brings solutions for online marketing automation for the global e-commerce industry. The company’s platform-independent SaaS solution enhances customers’ online shopping experience by enabling personalized product recommendations in real-time. Its plug-and-play solution makes the technology easily accessible to online stores of all sizes, automating marketing activities and increasing conversion, customer retention, and store revenues. Read More>>
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Latest Reports Published in Draup
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Uber Account Intelligence Report
Uber is keen to develop digital payments & applications with specific goals for company growth and enhancing its platform to have a safe ecosystem for millions of people. Read More>>
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TriNet Group, Inc. – Account Intelligence Report
TriNet Group focuses on developing a cloud-based technology platform featuring online and mobile tools for clients and worksite employees to store, view, and manage HR information and transactions. Read More>>
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Mavenir Account Intelligence Report
Mavenir seeks to enhance Converged Packed Core, which can be deployed and operated without infrastructure dependencies, making the network flexible, agile, and programmable. Read More>>
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