This week in Software: Software Startups venturing into new geographies enabled by strategic partnerships with key players
Latest Industry Insights from Draup Braindesk
ISV Companies are focusing on collaborations to enhance their customer experience and bolster their workflow capabilities
BankBazaar has selected PeopleStrong Alt-cloud HR SaaS technology to transform the employee experience by automating HR specifically in areas like workforce data management, Leave, and attendance.
VMware has partnered with IBM Watson to deliver chatbot experiences for the digital workspace.
Market leaders are developing analytics platform integrated with AI to improve efficiency, reduce costs and differentiate themselves in product and service offerings
Fortinet introduced a system for cyber-attack prediction called FortiAIs Virtual Security Analyst. It leverages deep neural networks to automate threat detection and remediation, expanding Fortinet’s AI-driven security offerings
Shopee uses data and AI to make online shopping more secure. It uses scripted machine learning to detect potential fraud cases and counterfeit products on the platform
Organizations are modernizing their digital enterprise and digital payments engagements by incorporating new technologies into their operations
Uber Eats, a subsidiary of uber, has launched QR code payment to order through the app. customers can scan a QR code at the restaurant or find the restaurant on the Uber Eats app
Google introduced a recommendation engine designed to expand knowledge of recommendation systems. It is used to understand the components of a recommendation system, including the generation, scoring, and reclassification of candidates
American Express Global Business Travel (GBT) announced its mid-market customers in the United States (U.S.) to use Apple Business Chat, a new way for business travelers to communicate live with highly trained GBT travel counselors using the Messages app.
Latest Reports Published in Draup
McKesson Corporation Account Intelligence Report: McKesson Corporation continues to enhance its partnership with organizations like VanderbiltHealth Rx Solutions and Walgreens Boots Alliance to enhance advanced medicines and vaccine distributions to improve treatments in the field of antibiotics, radiotherapies, and
COVID-19. Read More>>
Netflix Account Intelligence Report: Netflix focuses on partnering with leading film and media production companies and technology providers to enhance its existing multichannel video platforms with advanced emerging technologies like AI/ML, Data Science, and Analytics. Read More>>
Key Funding Alert
Dental SaaS startup CareStack raises over USD 22 Mn from Steadview Capital & Others
With the recent funding, CareStack’s total funding raised is over USD 60 Mn.
CareStack’s single all-in-one SaaS platform on the cloud combines dental practice management, patient engagement, practice marketing, and data analytics. The fresh funds will be used to expand its operations and to double its workforce, and grow the annual revenue by four times. Read More>>
Company – IDnow HQ Location – Munich Area, Germany Total Funding – USD 58.16 Mn About: IDnow provides advanced machine-learning technology for its Identity-as-a-Service platform that can verify identities in real-time. The company’s solutions guarantee legal security throughout Europe and the highest level of data security. Its customer portfolio includes renowned firms such as Commerzbank, UBS, Sixt neuwagen, Telefonica, and N26. Read More>>
Key Signals in Enterprise and Consumer Software
Partnerships Botkeeper partners with Xero Botkeeper has partnered with Xero to use its cloud accounting platform in delivering its services. Through the partnership, Xero client data is fed into the Botkeeper automated bookkeeping platform, and reconciliation is performed as Botkeepers bots learn the data. Read More>> Microsoft Teams add-on for SAP Business ByDesign SAP and Microsoft have extended their partnership to include integration of Microsoft Teams and SAP Business ByDesign, bridging the gap between your Office365 environment and SAP ERP. The MS Teams add-on for SAP Business ByDesign removes the need to switch between applications to share SAP information with colleagues, teams, and customers. Read More>> Adobe inks digital health partnerships with Mercy Health, Walgreens, Change Healthcare Adobe inks digital health partnerships with Mercy Health, Walgreens, & Change Healthcare. Adobe has teamed up with several healthcare players, including Walgreens and Mercy Health, to support their digital health and cloud platform services. Walgreens Boots Alliance is using Adobe’s analytics, audience manager, and marketing tools to personalize the customer experience for its Walgreens loyalty members. Read More>> SmartBug Media Joins Adobe Solution Partner Program SmartBug’s collaboration with Adobe helps Adobe Marketo Engage clients optimize and accelerate their investment, enabling them to save time and grow revenue with intelligent inbound marketing strategies and execution tailored specifically for Adobe Marketo Engage. Read More>> Teradata and Antuit.ai partner to deliver pragmatic AI Business Solutions for Retail and CPG The partnership brings together Teradata Vantage, the modern multi-cloud data platform for enterprise-scale analytics, and Antuit.ai’s AI solution portfolio, which delivers incredibly accurate demand forecasting, demand shaping, and omnichannel inventory optimization. Read More>>Deals and Deal Renewals Abu Dhabi’s Miral selects Oracle Cloud for ERP, HCM applications Abu Dhabi-based Yas Island developer Miral will deploy the Oracle Fusion Cloud Applications to automate its core business processes, including finance and human resources. Miral will implement Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Enterprise Performance Management (EPM), and Oracle Fusion Cloud Human Capital Management (HCM). Read More>> View Hotels revolutionizes operations with Infor for enhanced business agility and workplace flexibility Infor, the industry cloud company announced today that View Hotels had deployed Infor Hospitality Management Solution (HMS) and Interfaces across its three Australian Hotels to better leverage the cloud for data insights, marketing, and remote working. Mimi Wong and Neil Wong, owners of the View Hotels chain, selected Infor to completely replace its existing legacy solution as a means to change the hotel chain’s culture and productivity. Read More>> Dish Network selects Amazon Web Services as the preferred cloud provider Amazon Web Services, Inc. has reported that DISH Network Corporation has chosen AWS as the preferred cloud provider and will construct its 5G network on AWS as part of a strategic collaboration agreement. This will transform how organizations and customers, including AWS and Amazon, will order and consume 5G services or create their own private 5G networks. Read More>> DocuSign seeks to digitize real estate agreements for Latin America Electronic signature company DocuSign started operations in Mexico, aiming to expand adoption of the DocuSign Agreement Cloud, a suite of applications to help real estate organizations prepare, sign, execute and manage agreements. They will enable companies to carry out their digital transformation plans, modernize their processes with agreements, become more efficient, and save time and money. Read More>> Mr. Cooper secures deal with Google Cloud for mortgage servicing platform Mr. Cooper Group has teamed up with Google Cloud to create a digital mortgage servicing platform designed to automate its loan documentation process. Additionally, Mr. Cooper said it has already developed a proprietary technology containing more than 300 mortgage-specific machine learning models on the Google Cloud AI platform. Read More>>Executive Movement Udemy Appoints Sarah Blanchard as Chief Financial Officer Blanchard brings over 20 years of operational and financial experience and will be an invaluable asset to Udemy. Previously, Blanchard served as CFO at CoreOS, an innovator in container-native solutions, which was acquired by Red Hat in 2018. Read More>> IDEMIA appoints John Hynes as Group Board member John is also a member of the Board of Directors of Peraton. Until recently, he was on the advisory board of the Intelligence and National Security Alliance and on the board of the Capital Area Food Bank. Read More>> Aveva boss Craig Hayman quits, opting for life in America The Chief Executive of Britain’s largest listed software business has left after three years in the job. Shares in Aveva sank by more than 5 percent yesterday after the company said that Craig Hayman had decided to return to the USA for personal reasons and would be replaced on Saturday by Peter Herweck, who is being seconded from Schneider Electric, the company’s majority shareholder. Read More>> PTC has a new Executive Vice President, Chief Strategy Officer Boston engineering software firm PTC has promoted Catherine Kniker to be Executive Vice President and Chief Strategy Officer. She will be taking over for Kathleen Mitford, who was recruited away by Microsoft. Read More>> Kantar CEO, Nasard, steps down after four months Alexis Nasard, who was named Kantar Global CEO last fall, has stepped down after just four months on the job. Nasard was the first full-time CEO of the company under its new ownership structure, a joint venture between WPP and Bain Capital with Bain as a controlling partner with a 60% stake. Read More>>Center setup and expansion HPE Selected to Build New Supercomputer for the National Supercomputing Centre Singapore The new supercomputer was funded through an SGD200 million investment that was announced by the Singapore government in March 2019 to boost Singapore’s high-performance computing resources. Read More>> Apple to expand San Diego engineering hub, boosting workforce to 5,000 over five years Apple plans to vastly increase its engineering footprint in San Diego, pledging to grow its local workforce to more than 5,000 employees over the next five years. The San Diego job target represents a 315 percent increase over Apples prior projections. Read More>> US-based Vertiv opens USD 12 Mn factory in Croatia The factory will more than double the company’s production capacity of prefabricated modular data centers for the Europe, Middle East and Africa (EMEA) regions, Vertiv said in a statement on Thursday. The new factory will provide cable landing stations, data center building blocks, and other prefabricated modular solutions. Read More>> Cloudflare announces first office in Canada Cloudflare’s new Canada-based team and operations will grow brand awareness, support and acquire customers, and recruit local talent. Read More>> Microsoft buys 125-acre site in Fulton County, Georgia Microsoft has bought a plot of land outside Atlanta for a data center. The company recently paid USD 18.7 Mn for a 125-acre site in Fulton County. Records show the company plans to build a 250,000 sq ft data center on the plot. Read More>>Mergers and Acquisitions MessageBird, the USD 3.8 Bn rival to Twilio in Europe, just made a big acquisition to expand in the U.S. The acquisition of SparkPost will add email to MessageBird’s suite of communication tools, as well as top clients like Disney, JPMorgan, and Adobe. Read More>> Tenable completes acquisition of Alsid Tenable also announced the availability of Tenable.ad, a new solution leveraging Alsid technology to secure Active Directory environments and disrupt one of the most common attack paths in both advanced persistent threats and common hacks. With Alsids’ deep expertise in securing Active Directory, Tenable is adding a new and innovative approach to disrupting cyberattacks. Read More>> Stripe acquires TaxJar to add cloud-based, automated sales tax tools into its payments platform Stripe has confirmed that all 200 employees of Woburn, Massachusetts-based TaxJar are joining the company. TaxJar was already fully integrated with Stripe as a partner, meaning businesses could use TaxJar to calculate and manage sales taxes on transactions powered by Stripe. Read More>> FAVE set to enter India after Pine Labs acquisition FAVE, a Malaysian-based consumer financial technology platform, will expand into India in May after Singapore-incorporated Pine Labs Pte Ltd recently acquired it. With the acquisition, Indian consumers will be able to use the Fave app across 500,000 merchant network points powered by Pine Labs across 3,700 cities in India. Read More>>
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Introducing Statements, Earnings Call Transcripts, and Ratio sections in the Financials section.