RAH Infotech partners with Netskope to deliver data-centric and cloud-smart security solutions

Key Signals in Enterprise Software

Rambus (RMBS) and SK Hynix extend the license agreement for 10 more years
This deal grants SK Hynix access to Rambus’ full patent portfolio until mid-2034. This will allow SK Hynix to use Rambus’ intellectual property to develop and improve its own products and technology. Read More>>
Finance Incorporated selects ThetaRay transaction monitoring tech
Finance Incorporated Limited has partnered with ThetaRay to implement AI-powered transaction monitoring technology to strengthen its AML framework and support business growth. This partnership allows Finance Incorporated Limited to remain ahead of the curve and future-proof its AML control framework while maintaining scalability. Read More>>
Braze and Rackspace Technology expand their partnership
The partnership will help Braze achieve improved cost predictability and economies of scale while providing Rackspace Technology with predictable growth and the ability to make long-term investments in Braze and its ObjectRocket solution. By expanding their partnership, Braze can better manage its MongoDB databases using Rackspace’s ObjectRocket technology. Read More>>
Autodesk and VC Group sign MoU to advance digital transformation in the construction industry
The partnership aims to promote digital transformation and technology applications in design and construction consultancy in Vietnam’s construction industry. The signing ceremony is a significant milestone for the application of BIM technology in the industry. Read More>>
RAH Infotech partners with Netskope to deliver data-centric and cloud-smart security solutions to Indian Businesses
RAH Infotech, being a leading value-added distributor and solutions provider in the Network and Security domain, aims to enhance its portfolio of solutions by incorporating Netskope’s data-centric and cloud-smart platform. Read More>>
Mergers and Acquisitions
Planet Labs to acquire Slovenian EO data provider Sinergise
The move is expected to enhance customer extraction of insights from multiple sources of satellite data and enable partners to develop their own applications on Planet Lab’s platform. Read More>>
Voxy acquires Fluentify to create a comprehensive solution for Global Corporate Language Programs
Fluentify offers highly personalized, high-impact language training programs to corporations, while Voxy is an innovative corporate training solution used successfully by hundreds of corporate clients worldwide. Read More>>
Centre Setup and Expansions
USD 1 Billion Microsoft data center agreement approved by Mount Pleasant Village Board
Microsoft plans to develop a USD 1 Billion data center campus on the property, which Foxconn Technology Group originally planned to make large-screen televisions. The agreements include a purchase and sale agreement that allows Microsoft to purchase about 315 acres of land within TID 5 for USD 50 Million. Read More>>
Microsoft holds open house for Malaga Data Center site
Microsoft is opening a new data center in Malaga, a city located in the province of Málaga in the southern region of Andalusia, Spain. A data center is a facility used to house computer systems and related components, such as telecommunications and storage systems, that are essential for managing and storing large amounts of digital data. Read More>>
Boomi opens a new office in Bengaluru, India, to innovate the future of enterprise automation
This expansion will support global systems integrator partners in creating cutting-edge solutions on the Boomi platform. Boomi has also been recognized as an employer of choice, including being listed as one of Inc. Magazine’s Best Workplaces. Read More>>
Executive Movements
Mark D. McLaughlin joins the Snowflake Board of Directors
He takes the place of Carl M. Eschenbach, who resigned due to his appointment as Co-CEO of Workday. McLaughlin was previously CEO and Chairman of the Board at Palo Alto Networks and served as President and CEO of VeriSign. Read More>>
Illumio names Gautam Mehandru as CMO
He is promoted from his previous role as Senior VP of Marketing. Mehandru has over 20 years of experience in leadership positions at Fortune 500 companies. He was previously responsible for portfolio and customer marketing at Tanium before joining Illumio. Read More>>
Lay Off
Healthtech platform Practo lays off 41 employees, mostly engineers
The layoffs are a part of the company’s continuous performance management process. The engineering department was the most affected, with roles like product managers and software engineers being impacted. Practo has clarified that the layoffs were not connected to the business’s financial performance. Read More>>
Financial and Market Activity
SeaChange reports fiscal Q4 and full year 2023 financial and operational results
SeaChange International reported strong financial results for Q4 2023. The company generated USD 1.7 million in GAAP net income and adjusted EBITDA each, with a 19% YoY increase in total revenue to USD 32.5 million. SeaChange’s gross margin also expanded to 73%, up from 62% in the previous quarter. Read More>>

Key Signals in Consumer Software

Verizon Public Sector wins Federal Aviation Administration Enterprise Network Services contract
Verizon announced a 15-year contract worth over USD 2 billion with the Federal Aviation Administration. The contract involves designing, building, operating, and maintaining the FAA’s next-generation communications platform, along with providing support services such as program management, network engineering, configuration management, test and evaluation, and service orders. Read More>>
GeoJunxion and WizzyMaps announce collaboration to deliver state-of-the-art last-mile mapping and location services
The collaboration aims to combine the strengths and competencies of both companies in the Outdoor-Indoor Location Positioning Industry to deliver custom last-mile mapping solutions for various markets and use cases. Read More>>
McAfee partners with Acer to provide consumers device security, privacy, and identity protection
McAfee has entered a five-year partnership with Acer to provide customers with a comprehensive solution to protect their personal information, privacy, and devices. Both companies understand the increasing importance of online security and the need to offer users a simple and effective solution to safeguard their online experience. Read More>>
Executive Movements
Verizon Business names Jonathan Nikols as Head of Global Enterprise Americas
With almost 20 years of industry experience, Jonathan joins Verizon from HP, Inc., where he served as Global Vice President of Services and Solutions. In his new role, Jonathan will be responsible for the ongoing evolution of Verizon’s Business enterprise segment in America. Read More>>
Yatra Online, Inc. appoints Tarun Kumar Bhakri as Vice President of Corporate Sales
With nearly 30 years of experience in the travel industry, Mr. Bhakri has held several leadership roles in renowned companies such as American Express Global Business Travel, CWT, FCM Travel Solutions, and Uniglobe ATB. Read More>>
Meko AB announces change of Chief Operating Officer
MEKO has appointed Petra Bendelin as the new Chief Operating Officer, replacing Tobias Narvinger, who leaves for a senior management position in another industry. Bendelin has worked in MEKO since 2010 and currently serves as Director of Business Development and Strategy. As COO, her responsibilities include product range, logistics, IT, sustainability, and strategy. Read More>>
LendingTree cutting workforce by 13% in latest layoff round to reduce expenses
About 150 employees, mostly in Charlotte, are affected. The company aims to focus on controlling expenses and strategic priorities for future success. Read More>>
Financial and Market Activity
Bukalapak posts USD 130 Mn profit in 2022, thanks to a strong first quarter
Bukalapak reported a net profit for 2022, despite facing losses in all subsequent quarters of the year. The company’s annual revenue grew by an impressive 94%, amounting to USD 242 Mn, with Mitra Bukalapak contributing 54% of the total revenue. The net profit in 2022 was primarily due to a strong Q1, where Bukalapak booked a profit of USD 976 Mn, mainly attributed to gains from its investment in PT Allo Bank Tbk. Read More>>

Latest Industry Insights from Draup Braindesk

  • Businesses will continue to search for the best solutions to protect their assets as cybersecurity is anticipated to remain a top concern 
  • Ransomware is a threat that’s expected to grow, and double extortion is one of the most recent trends in ransomware 
  • Several businesses even go as far as to purchase cyber insurance.
Blockchain Usage Grows
  • Blockchain technology use among software developers is rising, and this is particularly the case for the development of healthcare solutions 
  • Since blockchain-based systems can record contract terms, track transactions, and offer payment details, they can bring together pharmaceutical companies, hospitals, insurers, medical devices, and OEMs
Adoption of Low-Code and No-Code Development
  • The issues that hamper software development cause software projects to fail, losing the capital invested 
  • This makes the software industry adopt a simple low and no-code development plan to avoid advanced IT knowledge or coding skills 
  • No-code and low-code development can lead to simpler, quicker development
DevSecOps Approach
  • DevSecOps, which combines development, security, and operations, is a new software development approach that many teams are utilizing to integrate security throughout the whole IT lifecycle 
  • When it comes to establishing security without affecting the development or delaying releases, DevSecOps integration is vital.

Key Funding Alert

Cybereason obtains USD 100 Million from SoftBank Group in new funding
Big data analytics and machine learning behavioral models provide a real-time view of possible breaches, speeding cyber event investigation and reaction. Cybereason can improve its cybersecurity capabilities and grow worldwide with this fresh investment. The firm protects enterprises of all sizes from emerging cyber threats by offering superior threat detection and response capabilities. Read More>>

Startup Spotlight

Company – Anonos
Total Funding – USD 62 Mn
About: Anonos is a global software company that provides the only technology capable of protecting data in use with 100% accuracy, even in untrusted environments, making otherwise restricted assets accessible to expand and expedite data-driven initiatives. Its patented Data Embassy platform transforms source data into Variant Twins, non-identifiable yet 100% accurate data assets for specific use cases. Variant Twins can travel across departments, outside the enterprise, and around the world due to multi-level data privacy and security controls. Therefore, projects to capture valuable insights can advance without compromising privacy, security, accuracy, or speed. Read More>>
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