This week in Software: Slack snapped up by Salesforce & Google completes Fitbit acquisition
Centre Setup and Expansion Diligent Corporation picks Szervita Square Building for Innovation Center The leading provider of modern corporate governance technology will establish a Center for Global Product Innovation in Budapest to attract and retain professionals across various functions, including product management, software engineering, quality assurance, security, research, infrastructure, and production operations. Read More>> Interxion extends global platform with new data center In Denmark
Interxion offers direct access to Azure ExpressRoute to facilitate the extension of on-premise networks into the Microsoft cloud using the only dark fiber connectivity available in Denmark as well as dedicated network access to the AWS Cloud via AWS Direct Connect. Read More>>
IBM and HBCUs Partner in New Quantum Center
Led by Howard University and 12 other HBCUs, the IBM-HBCU Quantum Center will offer access to quantum computers, academic collaboration, education, and community outreach programs. Read More>>
Deals and Partnerships FDA inks USD 49.9 Mn deal with SAS The FDA plans to expand its capabilities in natural language processing, artificial intelligence, and machine learning capabilities. Through a five-year, USD 49.9 Mn Blanket Purchase Agreement (BPA), SAS will support bold digital transformation efforts underway in the FDA. Read More>> Experience management firm Medallia partners with Japanese IT system integrator Dirbato
Medallia run a SaaS platform called Medallia Experience Cloud, which helps to capture people’s daily lives through the analysis of video, social media, calls, and other information. The partnership allows companies to develop products and services that work alongside those provided by Medallia. Read More>>
Merger and Acquistion IronSource acquires ad measurement firm Soomla The acquisition adds another layer of data and visibility to ad monetization, in addition to the services Iron Source already offers mobile game and app companies. Read More>> Equifax to acquire Kount for USD 640 Mn Kount’s tools to prevent fraudulent transactions use AI & ML to verify if a transaction is legitimate. With the acquisition, Kount will now have a large data set of traditional offline identity fraud risk indicators to fine-tune its fraud prevention algorithm further. Read More>> Fiserv Inc.’s in late-stage talks to acquire Ondot Systems, Inc. Ondot processes more than 1 billion transactions per month and provides digital capabilities for over 20 million cards. The integration of Ondot will expand Fiserv’s digital capabilities, enhancing its suite of integrated solutions to enable clients to deliver friction-less, digital-first, personalized experiences to their customers. Read More>> Slack Acquired by Salesforce for USD 27.7 Bn By using Slack and Salesforce together, teams can easily stay up to date on their Salesforce records from within Slack, allowing them to respond faster to new opportunities and collaborate seamlessly with colleagues across the organization. Read More>>Executive Movement Corporate Vice President Brad Anderson is leaving Microsoft for Qualtrics He will be replaced by Harv Bhela, the Corporate Vice President of Microsoft 365 Security and Compliance — and another Microsoft veteran (nearly 24 years). Read More>> IBM names Martin Schroeter as CEO of NewCo spinout NewCo is a proposed spinoff and separation of the tech giant’s managed infrastructure services business. Effective Jan. 15, Schroeter will be responsible for leading the NewCo public company, which will manage data centers and cloud infrastructure for clients. Read More>> IBM Brazil announces its first female general manager in Brazil Katia Vaskys is the first woman to lead the IBM operations in Brazil. She replaces Tonny Martins, who was promoted to general manager for IBM Latin America in October 2020, a role previously held by Ana Paula Assis. Read More>>New Product Development IBM and Fujifilm demo 580TB tape Unlike other memory technologies, tape memory has one of the fastest-growing trends with a yearly increase of 37%, while traditional hard drives have grown by 7.6% per year. The new tape offers 32 times greater capacity than current LTO-9 technology. Read More>>Product and Feature Updates Informatica announces the industry’s first “all-in-one” enterprise-scale master data management SaaS product. Customer 360 SaaS solution is a game-changer for Customer Experience (CX), designed to help enterprises rethink and reimagine how they deliver a CX in a post-pandemic, digital-first, cloud world. Read More>>
Mergers and Acquisitions Coinbase acquires trade execution firm Routefire San Francisco-based trade execution startup Routefire helps institutional investors fill large orders at fast speeds for low costs. Read More>> Roku buys Quibi content
Roku is known as the largest streaming media player in the US, with over 40,000 movies and TV shows. By acquiring Quibi’s content, it will gain over 75 shows and documentaries. Read More>>
Google completes USD 1.2 Bn Fitbit acquisition
Thanks to the acquisition, Google can now use the wearable maker’s expertise in the wearable space. Fitbit has sold over 120 million devices in more than 100 countries since it shipped the original Fitbit tracker in 2009. Read More>> IRIS Software Group Buys Staffology
With the acquisition, IRIS will add the Staffology application, which is placed for small to mid-sized businesses that need to access payroll in the cloud. Read More>>
Partnerships NITI Aayog partners with Flipkart to help women entrepreneurs in India It’s a unified access portal that brings together women from different parts of India to realize their entrepreneurial aspirations. Read More>> Deliveroo partners with mobile commerce technology company Button Button is dynamically targeting holdout groups across publishers on its Personalization API to measure the incrementality of new and existing Deliveroo orders at scale. Read More>>Product Launch Alarm.com develops the first touchless video doorbell The Alarm.com Touchless Video Doorbell is the next generation of video doorbells, combining sleek design with some of the most advanced video intelligence available to consumers for touch-free operation. It is the latest technological innovation from the company that pioneered smart home security. Read More>> Tripadvisor announces the launch of a new platform called Crowdfree to help users social distance The platform shows users a map where they can toggle between viewing buildings and viewing public spaces through heat maps that let them know how populated the area is. Read More>>Executive Movement Flipkart ropes in JP Morgan’s Saroj Panigrahi as Senior VP ahead of IPO Panigrahi is a “global leader” with an extensive board and CXO-level experience as a General Counsel and a “trusted” business partner, having provided counsel across technology, financial services, telecom, and pharmaceuticals industries. Read More>> Instacart hires Goldman Sachs’ Giovanni as new CFO
Giovanni, who was at Goldman Sachs for more than 20 years and most recently was head of the investment bank’s global technology, media, and telecom group, will join Instacart on Jan. 27. Read More>>
Headlines From The Startup World
Latest Insights & Reports
Qlik Account Intelligence Report: Qlik is focusing on enhancing the active intelligence capabilities of its cloud platform. They are developing an integrated solution that is optimized to support SAP on Google Cloud and this solution will also provide benefits such as real-time and continuous data replication. Read more
ADP Account Intelligence Report: Automatic Data Processing (ADP) is one of the largest providers of business processing and cloud-based solutions, including payroll, talent management, and human resource management around the world. Revenue for FY 2020 increased by 3% due to new business bookings. Read more
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