Stripe teams with influencer marketing platform LTK to augment instant creator payments

Key Signals in Enterprise Software

Centre Setup and Expansion
Encompass Health to build new rehab unit in Missouri 
The new hospital is expected to complement acute care services in the region with multiple care services, including neurological disorders, amputations, brain injuries, spinal cord injuries, and others. It will likely offer various amenities like private patient rooms, cafeteria, dining room, therapy gym, pharmacy, etc. Read More>>
Data streaming platform Confluent opens a new office in Bengaluru 
This new development aligns with the company’s ambition to drive high growth in 2022 by expanding its global presence and offering a differentiated model for cloud-native, complete, and fully-managed data in India. Read More>>
Corporate Travel Management (CTM) opens an office in Tokyo 
As a complementary extension to CTM’s existing Asian footprint in Hong Kong, Singapore, China, and Taiwan, CTM Japan has opened its doors in the nation’s capital, Tokyo, to meet the increasing demand for domestic and international travel in the region. Read More>>
Enersense and Siemens Energy sign an agreement on coatings for the Leipheim gas power plant  
The new 300-megawatt gas turbine power plant will be built between Leipheim and Bubesheim in Bavaria, southern Germany. The power plant will be used exclusively to protect and ensure the reliability of the transmission grid. Read More>>
Mergers and Acquisitions
OSF Digital acquires Aarin 
Digital transformation services provider OSF Digital has acquired Aarin Inc., a U.S.-based full-stack Salesforce Marketing Cloud systems integrator. The acquisition of Aarin will strengthen OSF Digital’s Salesforce Marketing Cloud expertise and expand its presence in North America. Read More>>
Zappware owner buys rival iWedia after Kudelski sale 
The Zurich-based owner of Zappware announced the acquisition of iWedia, a platform that provides support for Android TV. By joining forces with Zappware, iWedia will offer customers a more comprehensive portfolio of products, including the ability to add award-winning user interface and tools, e-gaming, and advertising. Read More>>
Forescout completes acquisition of cybersecurity innovator Cysiv  
By completing its second acquisition this year, Forescout expands its ability to provide enhanced threat detection and response through automated cybersecurity across the digital terrain. Read More>>
LTK and Stripe partner to power instant creator payments 
The global influencer marketing platform will work with Stripe to power instant, simplified, and secure creator payments for the new LTK Connect self-serve solution. The platform also offers creators more opportunities to expand their brand partnerships, creating more ways to monetize their content. Read More>>
Oracle and Claro team up to expand global cloud services in Colombia  
The collaboration will enable organizations to take advantage of Oracle Cloud Infrastructure’s high performance, built-in security, and lower costs. Furthermore, the partnership is designed to modernize IT infrastructure and stimulate economic recovery in Colombia. Read More>>
Executive Movement
Truepill names Paul Greenall as Chief Business Officer 
Paul Greenall brings to Truepill more than 20 years of pharmacy, logistics, venture capital, and operations experience. In this role, Greenall will oversee the global operations and lead the company’s business strategy, operational partnerships, and joint ventures. Read More>>
10x Genomics Names Jim Wilbur as Chief Commercial Officer 
Jim Wilbur will drive commercial strategy and execution and lead the company’s sales, support, and marketing functions. He brings nearly 30 years of experience building businesses, developing high-performance teams, and scaling commercial organizations to drive growth and customer success. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Home goods company Pepperfry launches a new studio in Bengaluru  
The offline expansion is in line with the company’s aim to penetrate niche markets and strengthen its omnichannel consumer engagement in home and living spaces in India. Read More>>
New BSH Home Appliances Experience & Design Centre to open in Houston  
The 14,847-square-foot facility will feature innovative home appliances from Bosch, Thermador, and Gaggenau, fully built-out kitchen vignettes that showcase the latest design trends, live kitchens for interactive cooking sessions, an entertaining space, and more. Read More>>
Liquidity Services opens 100,000-sf distribution center in Hebron  
The new facility offers a second life to returned and overstock items from major retailers while extending the life of thousands of items that would otherwise end up in landfills. Read More>>
Microsoft enters 10-year carbon removal deal with Climeworks 
The 10-year agreement will facilitate the removal of 10,000 tonnes of CO2 emissions from the atmosphere on Microsoft’s behalf. The company was selected in 2021 by Microsoft for its first carbon removal portfolio as part of its commitment to become carbon negative by 2030 and remove its entire CO2 footprint by 2050. Read More>>
Tencent Video selects NetRange Smart TV Solutions to power the international expansion of WeTV 
This agreement enables WeTV to leverage NetRange’s single integration process, eliminating the need for complex content agreements with individual device brands and manufacturers. Read More>>
Merger and Acquisition subsidiary completes acquisition of CNLP  
The company announced that its subsidiary JD Intelligent Industry Development Group completed its compulsory acquisition of China Logistics Property Holdings (CNLP). After this acquisition, all remaining shares of CNLP were transferred to JD Intelligent Industry Development Group, and CNLP has become its wholly owned subsidiary. Read More>>
Nintendo to acquire visual content company Dynamo Pictures 
After the acquisition of Dynamo Pictures, which is expected to close on October 3, 2022, Nintendo plans to change its name to “Nintendo Picture Co., Ltd” to focus on developing visual content utilizing Nintendo IP. Read More>>
Korean cosmetics brand LG H&H partners with Shopee to grow SEA presence 
The partnership will be led by Sean Lee, head of the overseas business division at LG H&H, and Chris Feng, Group President at Sea. This comes as LG H&H aims to scale up its eCommerce business and capture new online buyers. Read More>>
Xeno Holdings announces partnership with Rakuten Sports 
The collaboration between the two companies will involve Rakuten Sports providing strategic consulting and business development support to explore the global implementation of NFT-based blockchain ticketing in both sports and entertainment industries. Read More>>
Executive Movement
Microsoft names Chief Partner Officer to channel ecosystem leadership 
Microsoft has announced a new channel leadership structure, with Nicole Dezen taking on the newly created title of Chief Partner Officer and two direct reports responsible for channel sales and programs. Read More>>
Vimeo announces the appointment of Chief Marketing Officer and Chief Product Officer 
The all-in-one video software solution announced the appointments of Lynn Girotto as Chief Marketing Officer and Ashraf Alkarmi as Chief Product Officer, effective immediately. Both executives bring decades of experience across leading B2B and B2C companies and mark the most recent additions to Vimeo’s leadership team. Read More>>

Latest Industry Insights from Draup Braindesk

  • Cision aims to improve its distribution capabilities to provide customers with the latest and updated events, news, and other news feeds regularly to reach customers. 
  • Cision intends to expand its business capabilities to more than 100 countries and provide content on market information that helps investors and other industries to decide on investment. 
  • Cision integrates its products to offer digital media to the customer that provides instant news and other stories.

Key Funding Alert

WebBank invests USD 250 Mn in Avant to support the growth of credit card program  
The investment will be used to meet the continuing demand and growth of the Avant® MasterCard® Credit Card issued by WebBank. The partnership is another such initiative, which involves both these companies working together to drive access to capital to consumers through multiple innovative credit products, including the Avant Credit Card. Read More>>

Startup Spotlight

Company – Shippit
Total Funding – USD 77.79 Mn
About: Shippit simplifies multi-carrier connectivity and carrier allocation, allowing retailers to offer more delivery options and sustainable, cost-effective shipments. Read More>>
Latest Reports Published in Draup
Agilent Technologies, Inc Account Intelligence Report
Agilent Technologies provides precise answers for every pharmaceutical industry segment, from disease research and drug discovery to drug development, manufacturing, and quality control. Read More>>
Finastra Account Intelligence Report
Finastra focuses on improving efficiency and innovation in payments for ongoing innovation and adaptation demands with quick transactions. Read More>>
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