Tata Communications joins hands with Genesys to transform customer engagement for enterprises

Key Signals in Enterprise Software

Centre Setup and Expansion Schenck Process opens a new office in the Czech Republic   The new 1,500-sq-m space unites the Czech Schenck Process team under one roof, providing sufficient space to share ideas, knowledge, and skills. The facility will also support production efforts for the group’s UK location and assist the headquarters in Germany. Read More>> Broadridge Financial Solutions opens new Asian headquarters in Singapore  It will serve as the company’s headquarters for the Asia-Pacific region and consolidates teams from product development, implementation and support, research insights, sales, marketing and finance. Read More>> Cielo continues global expansion; opens new office in India  The new workspace in Gurugram is a critical milestone in Cielo’s expansion across the Asia Pacific region. The company’s India team delivers fresh and proven talent acquisition solutions to diverse organizations across the IT, engineering, life sciences, automotive and consulting sectors. Read More>>
Deals Gaming Innovation Group (GiG) signs platform deal with casino operator Kings Media in Ontario  The deal will see GiG provide its award-winning platform, and represents a continued strengthening of a targeted strategy to leverage GiG’s extensive experience in fast-growing, complex regulated jurisdictions. Read More>> Advantest selects Rohde & Schwarz (R&S) to verify high-speed SoC testers  The company has selected the R&S RTP high-performance oscilloscope for mass production evaluation of high-speed SoC testers. The R&S RTP is part of Advantest’s continuous efforts to improve quality and was a key factor in updating the company’s verification environment to meet the latest requirements. Read More>>
Mergers and Acquisitions Lyniate announces merger agreement with CareCom Lyniate has entered a definitive merger agreement with CareCom, which will see its healthcare interoperability capabilities extended. The two companies already share several customers, and now the merger will enhance Lyniate’s ability to offer a complete suite of interoperability solutions. Read More>> Netsmart acquires CORE Analytics from Zimmet Healthcare  Through this acquisition, Netsmart will now offer the most comprehensive SNF data analytics solution to integrate clinical, staffing, and financial data to provide better intelligence and reimbursement optimization. Read More>>
Partnerships Turkish Technic and Honeywell bolster cooperation  Under the terms of the agreement, Honeywell will supply subparts to Turkish Technic, which will operate as the Authorized Global Service Center for Honeywell’s ADIRU components, providing repair services for its local and international customers. Read More>> Tata teams with Genesys to boost enterprise engagement with enhanced InstaCC Platform  The collaboration between Tata Communications and cloud-based customer experience (CX) orchestration system provider Genesys aims to provide an enhanced CX capability for the InstaCC omnichannel Contact Centre as a Service (CCaaS) platform and strengthen Tata’s position as a global end-to-end digital CX orchestrator. Read More>>
 Executive Movement Okta names Splunk Vet as the new Global Channel Chief As senior vice president of global partners and alliances, Hustad will lead Okta’s global partner team. He will be responsible for Okta’s indirect go-to-market (GTM) strategy, execution, and global bookings. Read More>> FactSet appoints Kate Stepp as Chief Technology Officer  Stepp joined FactSet in 2008 and is currently the senior director of product management within FactSet’s Research and Advisory workflow solutions business. Stepp, who will report directly to FactSet CEO Phil Snow, will succeed Gene Fernandez, who will continue with FactSet through November to ensure a smooth transition. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion Aveda X Nykaa is all set to open a new salon in Delhi  The Aveda X Nykaa salons will build and expand Aveda’s global network of salons while leveraging Nykaa’s retail prowess and understanding of the Indian consumer. They will be a one-of-a-kind unisex lifestyle destination, providing 100% vegan premium hair services and exclusive rejuvenating rituals. Read More>> Amazon Fresh market opens in Westlake Village  Amazon Fresh has expanded its Southern California footprint again with the opening of a new market in Westlake Village featuring the company’s “Just Walk Out” technology. The 33,000-square-foot store at 140 Promenade Way in the Westlake Village area of Thousand Oaks is the 17th California location and the 40th nationwide. Read More>>
Deals AT&T accelerates cloud transition with Oracle  Oracle has renewed a strategic agreement with AT&T that will help give new capacity and capabilities for the company’s database and application workloads running in Oracle Cloud. The new five-year deal will build on AT&T’s use of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Customer Experience (CX), Oracle Cloud Infrastructure, and other Oracle Cloud services. Read More>> Comcast NBCUniversal selects 12 startups for the fifth LIFT Labs Accelerator  These 12 companies, chosen from hundreds of applicants from over 30 countries, were identified for their potential to revolutionize industries across the core focus areas of the accelerator, including connected living, immersive and inclusive experiences, and smart, sustainable enterprise. Read More>>
Merger and Acquisition Nykaa to acquire local discovery and e-commerce platform Little Black Book  The acquisition will benefit both companies simultaneously – LBB can leverage Nykaa’s expertise to enrich customers’ shopping journey while LBB’s focus on fashion, home, and beauty categories aligned with Nykaa’s own areas of strength. Read More>> Roofstock acquires tenant screening company RentPrep  This transaction follows recent acquisitions of Great Jones and Stessa, as Roofstock continues to deliver tech-enabled solutions designed to make investing in the USD 4 Tn SFR market accessible and efficient for both individual and institutional investors. Read More>>
Partnerships InsurTech Cover Genius teams up with BNPL player Zip  The partnership will see XCover, Cover Genius’ global insurance distribution platform, integrated into Zip’s alternative payment platform. The feature will give Zip Pay and Zip Money customers the ability to add protection to their Zip purchase, either during checkout or after select purchases, making it an affordable and timely alternative. Read More>> Bridgestone, Microsoft collab on tire analytics  Bridgestone will use Microsoft Azure to accelerate its digital transformation and enhance its portfolio of connected tires and mobility solutions worldwide. Both companies will continue to use the Microsoft Connected Vehicle Platform to capture and analyze tire data in real-time as part of a fully integrated vehicle ecosystem. Read More>>
Executive Movement Nykaa appoints Vishal Gupta as executive vice-president  Gupta joins Nykaa after a 25-year stint at Unilever, where he led large-scale campaigns. He has worked across businesses and brands in India, Indonesia, Southeast Asia, and Russia. At Nykaa, he will lead the beauty retailer’s private labels business across cosmetics and skincare. Read More>> Frontier Developments makes several board changes  The company announced the leadership change and CEO David Braben’s exit from the CEO role on August 10, 2022. Braben will be moving from the CEO position at Frontier to a new role as President and founder of the studio. After ten years of serving as the Chief Creative Officer role with the company, Jonny Watts will be moving to the CEO position. Read More>>

Latest Industry Insights from Draup Braindesk

  • Siemens Gamesa focuses on Smart Energy and Renewables by utilizing Internet of Things (IoT) technology to create some of the most sophisticated tangible products that help continue its green-enhancing innovation.
  • Siemens Gamesa planned to produce a new turbine at its plant in Alajoki-Peuralinna, boosting the local economy and increasing the competitiveness of the 5.X platform.
  • Siemens Gamesa focuses on recyclable wind turbine blades for offshore commercial use, allowing recycling into new applications and defining the next sustainability milestone.
  • Siemens Gamesa focuses on Green Hydrogen solutions and Wind Farm Development to provide clean energy using renewable resources.
  • Pamplona Area, Spain, serves as the critical location for Siemens Gamesa, focusing on wind power engineering and development-related engagements.
  • Product Engineering Services, the highly outsourced segment, holds approximately ~62% of the total outsourcing headcount. Infosys is the critical strategic outsourcing partner for Siemens Gamesa.

Key Funding Alert

Info Edge infuses Rs 300 Cr. (USD 3 Bn) in startup investments  Info Edge currently holds a 100 percent stake in Startup Investments (Holding) Ltd (SIHL), a holding and investment company. The present investment would help SIHL to explore investment opportunities including contribution to AIF(s) managed by Smartweb Internet Services. Read More>>

Startup Spotlight

Company – Zebedee Total Funding – USD 46.5 Mn About: Zebedee develops software and infrastructure to introduce Bitcoin and Lightning support into digital experiences and environments. Its platform allows players, developers, streamers, and watchers to interact and instantly exchange value frictionlessly. Read More>>
Latest Reports Published in Draup
Intuit Account Intelligence Report Intuit aims to offer cloud migration to businesses customer to enhance their financial management. The company provides a customer growth platform that allows small and mid-sized businesses to do online business and marketing and maintain customer relationships. Read More>>
NortonLifeLock Inc. Account Intelligence Report NortonLifeLock focuses on maximizing gaming performance that empowers consumers to keep information, devices, and identity safe without interference through Norton 360 platform. Read More>>
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