This week in Software: Consumer software giants launch a flurry of new products after their most recent acquisition spree
Latest Industry Insights from Draup Braindesk
Enterprise Software players strive to deliver better customer experiences using Digital Transformation solutions aimed at enhancing product usability and product sustenance.
VMware’s new set of enterprise security solutions focuses on providing advanced cybersecurity protection to customers. The company also focuses on developing and marketing IT management and automation, and IaaS offerings enable customers to transform the IT systems requires a greater focus on marketing and selling product suites.
Nutanix transforms digital technology into a Cloud-first theme by strengthening its portfolio through strategic collaborations and development to improve Hyper-Converged Infrastructure and Hybrid & Multi-Cloud technologies.
Google is gearing up its business strategy through targeted acquisitions and partnerships to serve its worldwide clients with New age solutions like AI, machine learning, and IoT to digitize its Ecosystem.
Microsoft is committed to driving its enterprise businesses by developing cloud-based solutions and AI capabilities to accelerate innovations that can increase productivity and meet real-world needs
Fortive and group companies are significantly leveraging leading technologies for software development, platform upgradation, building integrated solutions, and data management solutions to enhance product usability and customer satisfaction.
Consumer Software companies are launching new product updates to leverage their recent acquisitions & partnerships fully.
Lyft partners with Motional to launch fully driverless vehicles on the Lyft network in 2023 in multiple US cities. Motional will develop and manage the fleet of driverless cars while Lyft will power the rideshare network and rider experience.
Netflix is currently working with 20 outsourcing partners who are majorly involved in Digital Services, and Consulting & System Integration related engagements. Service Providers with rich expertise in User Experience Enhancement using Cloud and Artificial Intelligence technology have good opportunities to serve with Netflix.
Digital transformation is driving a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure. Cloud Solutions, Object Recognition, and AI are few highlights used by the tech giants.
Amazon is keen to integrate its cloud-based solutions with the automotive vehicle platform, telecommunication, remote conferencing services, and media services to leverage its capabilities in compute, storage, content distribution, and security offerings.
They have partnered with BMW Group to develop cloud solutions that examine data from vehicle subsystems and leverages its machine learning services.
Zoom Video Communications will integrate Amazon devices with zoom services and leverage AWS’s global infrastructure and portfolio of services to run hybrid office and remote work models.
Facebook focuses on introducing object recognition technology to help blind or visually impaired people understand their Facebook feed images using a synthetic voice.
Snap enhances its platform capabilities by integrating advanced technologies like augmented reality to enable enhanced user experience through various feature innovation. The company recently launched ad products to optimize campaigns through drive-in app conversions and generate an augmented reality experience for the customers to shop their products.
Uber uses multiple cloud computing services and have co-located data centers which allows to quickly and efficiently scale up services to meet spikes in usage without upfront infrastructure costs
Latest Reports Published in Draup
PayPal Account Intelligence Report: PayPal focuses on digitizing HR Practices, enhance online shopping and payments, and create digital identities using Blockchain, AI, and ML. Read More>>
Kongsberg Gruppen ASA Account Intelligence Report: Kongsberg Gruppen ASA’s recent acquisitions aim to offer digitization solutions to the maritime sector and increase its ability to meet the future needs of the Norwegian Armed Forces. Read More>>
Key Funding Alert
Instacart snags USD 265 Mn in funding
Instacart plans to use the funding to increase corporate headcount by 50% as well as for initiatives like Instacart Marketplace, which helps connect customers to retailers, and Instacart Enterprise, the company’s end-to-end e-commerce solutions for grocers.
Demand for online grocery has skyrocketed during the pandemic, positioning Instacart well for growth along the way. US grocery retail e-commerce sales shot up 54% in 2020 to reach a value of $95.82 billion, per forecasts from Insider Intelligence. Read More>>
Startup Spotlight
Company – Rewind HQ Location – Ottawa, Canada Area Year of Inspection – 2015 Total Funding – USD 15.07 Mn Type – Enterprise Software About: Rewind has been protecting businesses by backing up their SaaS data. Today, over 80,000 organizations in more than 100 countries use Rewind’s top-rated software and support. Rewind’s solutions empower businesses to protect and recover the data they need for consistent growth. Read More>>
Key Insights and Signals in Consumer Software
Product Launch Facebook launches Instagram Lite in 170 lower bandwidth countries The app itself requires just 2 megabytes (MB) – versus 30 MB for Instagram – and runs even on slower 2G networks, allowing customers in parts of India, Africa, Asia and Latin America with older internet infrastructure to access the service. Read More>> Google Cloud launches API for managing health data consent The Healthcare Consent Management API helps health data users more easily meet the requirements of existing and emergency privacy and consent frameworks while maintaining transparent incorporation of digital health data into patient care and research. Read More>> Spotify announces new features to further support creative creators – Some of the features will include RADAR, a program designed to support emerging artists by connecting music to the public, an ANCHOR + WORDPRESS collaboration which allows for writers to convert their works into podcasts. Read More>>Executive Movement Verizon Media has announced the promotion of Simon Wheeler to Senior Director of Content Under his new regional remit, Wheeler will lead editorial strategy in English-language regions, including Australia, India and South-East Asia. Editorial teams in India and across South-East Asia will now report to Wheeler under the new structure. Read More>>Merger and Acquisition Dropbox plans to acquire DocSend for USD 165 Mn DocSend gives customers visibility into what happens to their documents after they send them. Dropbox argues that the acquisition, expected to close in the first quarter, will help the company offer tools that let customers “manage end-to-end document workflows.”. Read More>> Okta to acquire identity tech startup Auth0 for USD 6.5 Bn The goal of the acquisition is to join the two companies’ identity platforms to enhance the Okta Identity Cloud and provide additional value to their customers, including accelerating innovation in the identity management space. Read More>> Alibaba buys Bangladesh food delivery service HungryNak Alibaba is acquiring 100% of HungryNaki from its local owners via Daraz Group, the Pakistan-based e-commerce platform it acquired in 2018. Daraz plans to extend HungryNaki’s network to around 100 cities, with investments in infrastructure, technology and human resources, officials said. No price has been disclosed. Read More>>Product Launch Paytm launches new IoT-based payment device, smart POS India’s homegrown digital financial services platform Paytm introduced a “Smart POS” (point-of-sale) application for Android phones as well as its latest Internet of Things (IoT)-based payment device, Soundbox 2.0. Read More>>Deals Paysafe accelerates delivery of Cloud Strategy using Microsoft Azure Paysafe is leveraging Microsoft Azure’s open and flexible cloud computing platform and tools for its US payment processing and merchant services. This will enable more agile delivery methods and establish a scalable global cloud footprint for Paysafe’s Card Present transaction systems. Read More>>Centre setup and expansion Facebook could more than triple local data center investment to USD 3.4 Bn Facebook will expand its existing data center campus in the Stanton Springs industrial park located in Morgan, Newton and Walton counties, according to a person with knowledge of the deal. Read More>>
Key Insights and Signals in Enterprise Software
Deals IBM-led consortium wins USD 3.2 Mn German Digital Health Passport contract IBM and the blockchain cybersecurity firm Ubirch won the tender for digital vaccination certificates in Germany. The two firms beat competition from a joint initiative by Deutsche Telekom and SAP. Read More>> Paysafe announces a new multi-year, global deal with Microsoft to support their strategic move to cloud-based transaction services As part of the collaboration, Paysafe is leveraging Microsoft Azure’s open and flexible cloud computing platform and tools for its US payment processing and merchant services. Read More>>Merger and Acquisition Xactly Acquires TopOPPS to revolutionize Revenue Intelligence With this strategic acquisition, Xactly is expanding beyond Sales Performance Management to deliver a first-of-its-kind, end-to-end platform for Revenue Operations (RevOps). Read More>> Microsoft acquires Bethesda The deal which is said to be worth USD 7.5 Bn includes Bethesda sub-studios like Dishonored developer Arkane, Wolfenstein studio MachineGames, Doom maker id Software, and The Evil Within studio Tango Gameworks. Read More>> CrowdStrike closes acquisition of Humio, For USD 392 Mn With the acquisition of Humio, CrowdStrike accelerates its XDR capabilities to cloud speed and enhance its ability to solve real-world customer problems with its cloud-native platform. Read More>>Partnerships Palo Alto Networks and Alkira partner to drive Koch Industries’ Network Cloud Transformation Alkira’s Network Cloud integrated with Palo Alto Networks’ virtual firewall has enabled Koch to simply, quickly, and securely expand our enterprise infrastructure to multi-cloud with an end-to-end, on-demand security offering. Read More>> Ingram Micro Cloud announces new global strategic collaboration agreement with AWS Ingram Micro Cloud plans to scale AWS adoption with emerging ISVs, while driving greater adoption of AWS solutions with SMB customers through the Ingram Micro Cloud Marketplace. Read More>> C3 AI and Infor announce a wide-ranging strategic alliance to expand enterprise-class artificial intelligence (AI) solutions jointly This constitutes building solutions across applicable industries to extend Infor’s native machine learning capabilities. This will allow Infor to explore expansion of its industry offerings into edge scenarios and analyze ways to provide deeper capabilities beyond standard Infor offerings. Read More>> Tech Mahindra partners with ThoughtSpot for AI-driven analytics Mahindra will integrate ThoughtSpot’s search and AI-driven analytics platform with its Virtual Analyst platform to drive multilevel data analysis and empower users with real time insights to make informed business decisions. Read More>> Executive Movement Aveva appoints new Chief People Officer Keogan will report directly to the company’s chief executive officer, Craig Hayman, and will sit on its executive leadership team. Keogan was chief people officer at MoneySuperMarket.com for nearly three years and was senior vice president of people, places and community at SoundCloud. Read More>> Centre set up and expansion Equinix (EQIX) to Set Foot in Bordeaux with New Data Center Given the growing demand for low latency, increased bandwidth, and strong connectivity by businesses, Equinix’s expansion of its French footprint to the city is a strategic fit and will enable it to see significant leasing activity. Read More>>
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