SmartBear Acquires OpenTelemetry Pioneer Aspecto to Give Developers Greater Application Visibility

Key Signals in Enterprise Software

Nevados chooses SYSPRO ERP for Solar Tracker Fabrication
The company has selected SYSPRO ERP to automate its supply chain processes and provide a financial management system. The company’s technology platform combines solar trackers and software to optimize performance and improve reliability while respecting the natural landscape. Read More>>
Ambassador Labs and Docker announce strategic partnership to supercharge the Kubernetes developer experience
The partnership will make it easier for developer teams to build, test, and deliver apps at scale across Kubernetes. As part of this partnership, users can purchase Telepresence directly from Docker and log into the Ambassador Cloud platform to access its benefits using their existing Docker credentials. Read More>>
Be My Eyes collaborate with OpenAIs GPT-4 to improve accessibility for blind and low-vision people
They will introduce an AI-powered Virtual Volunteer feature to improve the accessibility of the app. The Virtual Volunteer feature addresses concerns of users about being a burden, difficulty explaining the issue, and lack of privacy. The partnership resulted in a more streamlined and efficient process for users to receive the assistance they need. Read More>>
Elliptic and AlphaPoint partner to help power Crypto compliance at Exchanges worldwide
Together the companies will provide comprehensive compliance services to their global customer base of independent digital asset exchanges, brokerages, and wallets. This partnership allows AlphaPoint to provide its customers with enhanced compliance capabilities, thereby ensuring the safety and security of its users’ assets. Read More>>
Centre Setup and Expansion
Menlo Security announces expansion plans in India
The company has expanded its presence in India by opening a regional Centre of Excellence in Bangalore. It reflects the company’s commitment to investing in the region and expanding its global footprint. The expansion in India is part of the company’s global growth strategy and demonstrates its focus on providing innovative security solutions to its customers. Read More>>
Mergers and Acquisitions
SmartBear acquires Aspecto
SmartBear intends to use Aspecto’s OpenTelemetry-based observability platform to enhance end-to-end visibility across the software development lifecycle. It will allow developers to create competitive apps with more confidence and deploy them more quickly and frequently. Read More>>
Veeam global staff cuts hit local shores
The company has laid off about 200 staff globally. The company’s priority is to support the affected employees during this transition, and the decision to reduce the workforce was based on the company’s priorities and the need to drive efficiency in the way they go to market. Read More>>
Executive Movements
Clarivate announces Gordon Samson as President, Intellectual Property and nominates Dr. Saurabh Saha as New Independent Director
Dr. Saha’s expertise as a physician-scientist, pharmaceutical executive, and biotech entrepreneur will help shape the company’s future direction. Read More>>
Cohesity appoints Kit Beall as CRO
Beall brings over 30 years of experience in enterprise tech, software, cloud, security, AI, and managed services to the role. Beall will be responsible for overseeing all sales and partner functions worldwide for Cohesity, which offers flexible delivery options for its data management solutions. Read More>>
Financial and Market Report
Sopheon annual profit, revenue rises; notes growing sales pipeline
The company’s 2022 pretax profit rose 8.3% to USD 1.3 million from the previous year. Sopheon’s annual recurring revenue at the start of 2023 was in line with its forecast, increasing by 17% to USD 24.3 million from USD 20.7 million in the previous year. Read More>>

Key Signals in Consumer Software

Opendoor and Zillow expand their partnership
Zillow aims to offer its selling solutions in additional markets, including Dallas, Houston, and Phoenix. This will allow home sellers in these markets to request both a cash offer from Opendoor and an estimated sale price for listing their home with a Zillow Premier Agent. Read More>>
Cisco and Telenor expand partnership to explore Everything-as-a-Service
Telenor aims to explore new ways to deliver cybersecurity solutions as-a-service to a broader partner ecosystem and customer base. This XaaS model can provide greater flexibility and scalability for businesses and consumers alike. The development of cybersecurity automation in Telenor’s Bangladesh operations is a promising step towards creating a more secure digital landscape. Read More>>
Mergers and Acquisitions
Koreas Kakao Mobility acquires UK-based ride-hailing startup Splyt
Kakao aims to expand its global presence across Asia and Europe. This is the first overseas acquisition for Kakao Mobility, which operates the transportation app Kakao. Read More>>
Tencent acquires leading gaming studio Moonlight Games in USD 1 Bn deal
The acquisition is part of Tencents strategy to expand its reach in the gaming industry, particularly in the mobile gaming space. With this acquisition, Tencent will gain access to Moonlight Games’ extensive mobile gaming portfolio and a team of experienced developers. Read More>>
Executive Movements
Hinge Health Appoints James Budge as Chief Financial Officer
He will be responsible for the company’s financial strategy, driving quarterly performance and stewarding sustainable growth to make high-quality care more accessible and affordable. James brings 25 years of CFO experience across a range of public and private high-growth technology companies. Read More>>
Getir appoints Osman Yilmaz Global CFO
Osman Yilmaz will serve as Chief Financial Officer of the company’s operations in nine countries across three continents. Yilmaz has 16 years of experience working at leading Turkish financial and technology institutions, will be responsible for building Getir’s global financial strategy, and will lead its financial operations. Read More>>
Oportun expands executive team with key new hires
The company appointed Irfan Ganchi as Chief Product Officer and Deepak Rao as Chief Technology Officer. Ganchi previously worked at Meta, Uber, and Amazon, with extensive experience in product management and fintech platforms. Rao, meanwhile, was VP of Engineering at SoFi before joining Oportun. Read More>>
Just Eat cuts almost 2,000 jobs as it returns to the gig economy model
The company decided to cut 1,700 courier jobs and 170 head office staff to return to a gig economy model. This move is a response to a drop in demand for takeaway delivery, which has had a significant impact on the company. Just Eat saw a 9% decline in customer numbers last year, prompting the need for cost-cutting measures. Read More>>
Financial and Market Report
Tencent revenue increased 0.5% year-on-year in Q4 2022
The company’s profit for the period has also increased by 19% year-on-year, reaching USD 4.4 Billion, with the net margin increasing from 18% to 21%. The company’s revenue fell by 1%, reaching USD 80.5 Billion, and full-year profit decreased by 7%, reaching USD 17 Billion, with the net margin falling from 23% in 2021 to 21%. Read More>>

Latest Industry Insights from Draup Braindesk

Cloud-based Services
  • Adobe Systems focuses on expanding its Cloud Service offering of the Adobe Experience Manager product line to provide customers with personalized, content-led experiences. It provides cloud-native agility to accelerate time to value and is extensible to meet unique business requirements. 
  • Service Providers with rich expertise in Cloud Service would be apt to serve Adobe Systems.
AI-Driven Retail Experience
  • Adobe Systems is keen on developing AI-Driven Retail Experience through product recommendations in Adobe Commerce, business-to-consumer (B2C), and business-to-business (B2B) brands. It will leverage AI to suggest relevant products based on shopper behavior, product sales, product features, visual elements, and popular trends. 
  • Service Providers with rich expertise in AI-Driven Retail Experience would be apt to serve Adobe Systems.
Podcasting Experience
  • Adobe Systems plans to expand a podcasting experience using Adobe Premiere Pro’s ground-breaking Speech to Text technology to add high-quality captions to all video content, allowing more people to participate. AI-powered editing and recording make audio sound studio-recorded, and Adobe Express provides free podcast cover templates and art. 
  • Service Providers with rich expertise in podcasting Experience would be apt to serve Adobe Systems.
Immersive 3D Experience
  • Adobe Systems focuses on Immersive 3D Experience within Adobe Substance 3D applications to drive innovation in this space and create new workflows that take products from concept to streets in new ways. 
  • The company has partnered with the fashion industry to improve the value chain using Adobe Substance 3D applications to provide teams with a comprehensive set of tools that boosts creativity and enables its participation in the metaverse.
Digital Experience
  • Adobe Systems is committed to improving its Digital Experience by creating Adobe Experience Cloud applications, services, and platforms that manage customer journeys, enable shoppable experiences, and deliver intelligence for businesses of any size in any industry. 
  • The company has launched Adobe Experience Manager as a Cloud Service, a purpose-built application for experience management that integrates scalable, secure, and agile content management, digital asset management, digital signage management, and customer communication applications.

Key Funding Alert

Amazon invests in Israeli supply chain analytics startup Flymingo
The startup’s real-time computer vision technology maintains logistics center inventories and detects operating faults that might cost hundreds of millions of dollars. Amazon’s industrial innovation fund invests in logistics and supply chain firms. The investment will help Flymingo grow in Europe and North America while Amazon improves logistics and reduces supply chain management expenses. Read More>>

Startup Spotlight

Company – Park+
Total Funding – USD 54.35 Mn
About: Park+ is a mobile app-based platform that offers solutions to every pain point around car ownership. The users can discover and book parking, buy and recharge FASTags, get a daily car wash, and pay traffic fines online. Park+ was founded in 2019 and is headquartered in Gurugram, Haryana, India. Read More>>
Latest Reports Published in Draup
IQVIA Holdings, Inc. Account Intelligence Report
IQVIA Holdings is determined to grow by focusing on solutions related to digital and Cloud with innovative and technological advancement. Read More>>
DocuSign Account Intelligence Report
DocuSign focuses on implementing electronic signature solutions, eSignature technology, and Agreement cloud software platforms to automate the entire business process and provide enhanced outcomes. Read More>>
RELX Group plc Account Intelligence Report
RELX Group plc enhances device and digital identity-focused offerings by combining quality information and data sets with analytical tools to discover the next phase in behavioral biometrics evolution. Read More>>
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