This week in Software: Cloud wars heat up as startups race to forge strategic partnerships
Latest Reports Published in Draup
Bloomberg Account Intelligence Report: Bloomberg is focussing on launching different types of environmental, social and governance (ESG) indices which will provide the investors a wide range of data and information about the company and help the investors assess the risk related to a company. Read More>>
Workday Account Intelligence Report: Workday is seeing momentum build for its Financial Management solutions (particularly in the healthcare and financial services verticals), helped out by the company’s planning offering, which has performed better than expected since the acquisition last summer of Adaptive Insights. Read More>>
Key Funding Alert
Swiggy to raise around USD 800 million ahead of Zomato’s public listing
Bengaluru-based food delivery major Swiggy is in the advanced stage of discussions with Qatar Investment Authority, Falcon Edge, and Singapore’s GIC to raise around USD 800 million.
If the deal goes through, the company’s valuation would rise to USD 5 billion from its last valuation of USD 3.7 billion when it raised USD 158 million last year.
Swiggy’s current funding round comes at a time when its arch-rival Zomato is set to go public in a few months and has even started preparing for it. Read More>>
Company – Zeetta Networks HQ Location – Colombia Total Funding – USD 25 Mn Type – Consumer & Enterprise Software About: Chiper is Latin America’s top
e-commerce platform enabling corner stores in the region to grow and thrive. With over 3,000 customers across Colombia and Mexico, the company has built the largest network of digitized corner stores in Latin America. Chiper provides a compelling customer experience through its demand-driven logistics platform to help member stores make smart decisions to optimize performance. Read More>>
Key Insights and Signals in Enterprise Software
Mergers and Acquisitions iTyler Technologies strikes USD 2.3 Bn deal to buy government payments company The deal with NIC Inc. is the largest acquisition in Tyler Technologies’ history. Both companies’ boards of directors approved the transaction, and the deal is expected to close before June. Read More>> Tenable has announced plans to acquire Alsid for USD 98 Mn in cash
Alsid is a Microsoft Active Directory (AD) security provider. Alsid founders Emmanuel Gras and Luc Delsalle will join Tenable in senior leadership roles focused on developing AD security solutions. Read More>>
Automattic snaps up web analytics firm Parse.ly Since its launch in 2009, Parse.ly has been working to showcase the power of digital content to influence and change the web through its widely-used content analytics system used by sites and apps to increase growth, engagement, and loyalty. Read More>>Partnerships DB Schenker advances its IT infrastructure transformation with Microsoft Azure First cloud migration projects have already begun, using Azure Migration Program (AMP). The program provides support with best practices, guidance, direct access to Azure engineers, tools, and subsidized partner services. Read More>> Lectra teams with Microsoft to drive innovation Combined with Microsoft Azure’s power, the kubix link platform offers new opportunities to fashion brands in terms of agility and collaboration. It allows to accelerate the emergency Industry 4.0 through winning lifecycle management (PLM). Read More>> GitLab announces a strategic partnership with IBM With this, GitLab makes its entry into the IBM Cloud and Cognitive businesses Cloud Pak. GitLab for IBM Cloud Pak will streamline team collaboration and increase team productivity with a complete DevOps platform. Read More>>Executive Movement Mark Friedman Joins Frontline Education™ as Chief Marketing Officer Friedman will lead Frontline Education’s go-to-market strategy, business development and client communications programs. Read More>> Paul O’Rourke has joined Australian cloud services start-up, Digital Renewal (DigiRen), as CEO. Over his seven years at AWS, O’Rourke moved from leading professional services across Australia and New Zealand to the whole APAC region. Prior to AWS, he worked for Accenture in their technology consulting business. Read More>>Product Launch Salesforce launched a new machine learning tool powered by Amazon Web Services Salesforce’s Intelligent Document Automation technology uses machine learning to read incoming documents and help workers automatically route them to the right place. For example, payers can use the tech to set up routing for prior authorization requests, such as drug prescriptions, that are faxed based on date, priority, or request type. Read More>>
Key Insights and Signals in Consumer Software
Mergers and Acquisitions Cazoo acquires Smart Fleet Solutions The combination of Cazoo’s consumer platform and brand with Smart Fleet Solution’s infrastructure and expertise will provide both businesses the ability to further scale their national reconditioning and storage capabilities in line with their growth plans. Read More>>Partnerships Verizon Business partners with Deloitte to bring 5G to Retail The platform can unlock retail in-store data with near real-time analytics to improve customer engagement and inventory efficiency. Verizon Business and Deloitte are also collaborating with SAP to integrate SAP’s software suite into the platform, including SAP Customer Activity Repository and SAP S/4HANA. Read More>> Lyft partners with Toyota to bring hydrogen-powered rides to Vancouver. The program provides drivers using the Lyft platform the opportunity to rent a hydrogen-powered zero-emission vehicle via Toyota’s new Kinto Share App. Read More>>Executive Movement Vedantu brings on board Mohit Mathur as biz excellence head In his new role, Mathur will bring in process and operating model efficiencies to build a fast growth trajectory. His key responsibility will be to drive high-level excellence programmes and initiatives with functional heads, while collaborating with cross-functional teams for seamless delivery.Read More>> David Tyler has joined Tencent as Director of Global Marketing for PC and console games. Tyler is a highly experienced marketer, with over 20 years of experience, including almost 14 years at Activision Blizzard. Read More>>Deals Twitter signs a multi-year deal with Google Cloud The deal is aimed at bringing more of the social media company’s analytics, data processing and machine learning workloads to the cloud. Twitter has been using the Google Cloud Platform since 2018, when it moved its cold storage and Hadoop clusters to GCP. Read More>>
Here’s what’s new on our Sales Intelligence Platform View Insights in My Account
Re-introduced Sub-Vertical filter in Universe to help you discover accounts that focus on a shared niche or specialized market within a vertical
Introducing Insights in My Accounts to help you get the big picture view across the accounts in a list
View the start and end quarter information for active workflows in Outsourcing
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