ServiceNow to tap AI-powered intelligence firm Hitch’s capabilities to help customers address talent gaps

Key Signals in Enterprise Software

Centre Setup and Expansion
Combining DEI with learning, Microsoft opens TechSpark hub in Mississippi 
In an effort to bolster the city’s economy and revitalize its workforce, the company is launching a TechSpark hub in Jackson, Mississippi. This initiative builds on the foundation of the Technology, Education, and Literacy in Schools (TEALS) program, which helps local high schools build out computer science programs. Read More>>
Powerhouse Company reveals IBM headquarters in Amsterdam
The Company has revealed the design of the new IBM Headquarters in Amsterdam, Netherlands. The 35,000 square meter building will house start-ups and scaleups and amenities like fitness areas, restaurants, and lecture halls. Read More>>
NSW DCS signs AWS megadeal for USD 57.6 Mn  
The NSW Department of Customer Service has entered a deal with Amazon Web Services for infrastructure hosting services over the next three years. The contract will run until the end of May 2025 and extends the department’s existing relationship with AWS on a cluster-wide basis for the first time. Read More>>
Infoblox and Redington announce a strategic alliance  
This collaboration with Infoblox will help Redington’s extensive customer base across IT, ITES, BFSI, Pharma, Manufacturing, and other sectors simplify and secure their networks for hybrid environments that are foundational for remote work. Read More>>
Mergers and Acquisitions
Unit4 acquires Scanmarket to bolster ERP suite 
The acquisition is set to extend Unit4’s transactional procurement functionality by bringing in sourcing, spend analytics, supplier management, and contract lifecycle management. Read More>>
LexisNexis acquires home inspection tech firm Flyreel  
Flyreel will become part of the insurance business within LexisNexis Risk Solutions, complementing the insurance data and analytics firm’s existing data assets that help assess risk for a structure’s inhabitants and location. Read More>>
ServiceNow to acquire Hitch to help customers address talent gaps  
The company announced that it has signed an agreement to acquire Hitch, a skills mapping and intelligence company. Hitch will add a new layer of AI-powered skills insights to the industry-leading Now Platform to help customers address talent gaps by tying employee learning and development to workforce planning. Read More>>
Executive Movement
Mark Clayton joins Datto as VP for the Asia Pacific 
Based out of Datto’s Singapore office, Clayton will drive Go-To-Market efforts across the Asia Pacific and expand its footprint in the region. In addition, he will be responsible for driving business growth and capturing the region’s enormous opportunity by leveraging MSPs and indirect channels to market. Read More>>
BEUMER Group names new CEO 
Affective June 1, 2022, Rudolf Hausladen is the new CEO of the family-run BEUMER Group, succeeding Dr. Christoph Beumer, who has lead the company since 2000. Dr. Beumer will, however, remain a management board member until the end of the year and then move to the advisory board. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
New LinkedIn offices open in Midtown Atlanta as part of a larger local tech boom 
LinkedIn, the business and employment online service corporation, opened up office space inside the new Microsoft building on 17th Street this week. Moreover, LinkedIn Atlanta will be the company’s first office in the Southeast. Read More>>
Mississippi Amazon facility to open in July 
The company’s newest fulfillment center in Mississippi is all set to open in mid-July, 18 months after the company announced the project. The 700,000 square-foot facility at the Madison County Mega Site in Canton will bring more than 1,000 full-time jobs to the area. Read More>>
Estate agency RE/MAX signs two-year deal with Zoopla’s Alto software  
The company has signed up its 250-plus member agents to use Zooplas Alto property software for the next two years. The deal will help its agents improve productivity and help it attract more agents to its network. Read More>>
Eutelsat, Telenor set sail on maritime connectivity deal 
The agreement gives Telenor Maritime targeted resources and services in specific sailing areas, further highlighting the maritime sector’s interest in the Eutelsat Advance managed connectivity service. Read More>>
Merger and Acquisition
San Francisco firm acquires Amazon facility and nearby vacant land in Mesa 
An entity linked to San Francisco-based Stockbridge Capital Group completed the acquisition of two lots at the Longbow Business Park and Golf Club earlier this year. The venture — Chicago-based SNL Mesa LLC — will pay USD 48 Mn to the Amazon facility owner Lexin Longbow LLC. Read More>>
Lenskart forays into the fashion world in collaboration with JJ Valaya 
The company takes a giant leap into the fashion landscape through its collaboration with JJ Valaya for the campaign of its all-new bridge-to-luxury brand. With this, the brand aims to lead and cement its place in the space of fashion and bring forward its trend-specific product offerings. Read More>>
Jack Dorsey’s Block Inc. and Apple team up For iPhone contactless payments feature 
The collaboration between both companies starts with an Early Access Program to allow sellers and vendors to evaluate the feature. Sellers would only require an iPhone and a Square Point-of-Sales (PoS) app to leverage the service. Read More>>
Executive Movement
Alibaba Group names new Lazada CEO in leadership shuffle 
Alibaba Group has appointed James Dong as Lazada’s new CEO, effective immediately. Dong has been with Lazada for over four years, most recently helming the role of CEO, Lazada Thailand and Vietnam. Read More>>

Latest Industry Insights from Draup Braindesk

  • The implementation process is built on thoroughly understanding the needs of institutions and users. 
  • Thesis implementation specialists use a proven methodology, well-defined processes, and experience from installing systems on campuses throughout the US, Canada, UK, and Ireland to help institutions launch on time and on budget. 
  • Thesis has team members in each region. Thesis products are used, which are able to reach out at any time.  
  • The experienced team has the background and regional knowledge to assist with technical support. 
  • Thesis has a learning curve and the potential for technical issues to arise.

Key Funding Alert

Edtech Start-up Cuemath Raises USD 57 Mn in the latest round of funding: 
This fresh batch of funds will be utilized to improve their pedagogy and look at avenues to grow the company, including potential investments and acquisitions. The edtech start-up also plans to expand and scale up their operations internationally and enter over a hundred countries across the globe. Read More>>

Startup Spotlight

Company – Certn
Total Funding – USD 83.92 Mn
About: Certn is the leader in people intelligence solutions, using a people-first mentality, their focus is on providing real-time comprehensive background checks and ongoing risk monitoring for employees, contractors, and tenants around the world. Read More>>
Latest Reports Published in Draup
Covetrus – Account Intelligence Report
Covetrus focuses on developing a cutting-edge cloud-based veterinary operating system (vOS) that connects veterinarians to the technology that manages practices and allows them to spend more time with the animals in care. Read More>>
Atlassian Corporation Plc Account Intelligence Report 
Atlassian is keen on advancing IT service management (ITSM) to empower digital enterprises and helps unify development, IT operations, and business teams through the Jira Service Management solution. Read More>>
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