Freshworks Inc., a prominent name in customer engagement software, has announced the layoff of 660 employees, equivalent to 13% of its global workforce. The drastic move aims to help the company refocus on three core areas: customer experience, artificial intelligence, and employee experience. The decision, part of a larger global restructuring effort, marks the fourth […]
Progress Software Corporation, a prominent player in AI-driven infrastructure solutions, has announced a definitive agreement to acquire ShareFile, a key business unit of Cloud Software Group, Inc. The $875 million acquisition will be financed through a mix of cash and Progress’ existing revolving credit facility. The deal is expected to close by the end of […]
Aize, a leading provider of digital solutions for the oil and gas industry, has announced a major expansion of its strategic collaboration with Aker BP (OSE: AKERBP). This expansion includes a new Software-as-a-Service (SaaS) agreement designed to optimize operations across all relevant facilities and projects. Aker BP’s Digital Transformation Journey Aker BP, one of Europe’s […]
Credicorp Capital, part of one of Latin America’s largest financial conglomerates, now operates on Temenos Multifonds delivered as a Software-as-a-Service (SaaS). This strategic move is set to revolutionise the company’s fund management capabilities across various countries, offering enhanced stability and operational agility. In a significant development, Temenos (SIX: TEMN) has announced that Credicorp Capital has […]
Temenos (SIX: TEMN), a global leader in banking software, has today announced a strategic partnership with Tech Mahindra (NSE: TECHM), a renowned provider of technology consulting and digital solutions. This collaboration marks a significant development in the financial services sector, especially for Electronic Money Institutions (EMIs) in the UK and Europe. The partnership focuses on […]
Cerillion, a prominent provider of billing, charging, and customer relationship management software solutions, has announced a significant new contract valued at an initial $11.1 million. The agreement, spanning an initial five-year term, is with a major provider of connectivity solutions in Southern Africa, and holds potential for further expansion over time. Details of the Contract: […]
In a significant stride towards digitalization, Nokia has taken a monumental step by deploying Oracle Fusion Cloud Human Capital Management (HCM). This strategic move aims to consolidate and simplify the company’s Human Resources (HR) operations by integrating 14 different HR applications into a single cloud-based platform. The initiative, part of Nokia’s broader company-wide digital transformation […]
In a significant development for Smart Cities and Intelligent Transportation Systems (ITS), Thales, a global leader in Software Monetization and Licensing, has broadened its collaboration with Neural Labs, a pioneer in AI-based video analysis for urban management and transportation efficiency. This expansion leverages Thales’s Sentinel platform to bolster Neural Labs’ capabilities in vehicle access control […]
In a landmark announcement, Everbridge, Inc. (Nasdaq: EVBG), a global leader in critical event management (CEM) and national public warning solutions, revealed it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm. The all-cash transaction, valued at approximately $1.5 billion, is poised to significantly accelerate Everbridge’s growth […]
Accenture (NYSE: ACN), a global leader in comprehensive professional services, has announced a strategic investment through Accenture Ventures in Tenchi Security, a pioneering third-party cyber risk management company based in São Paulo, Brazil. The collaboration is set to significantly enhance Accenture’s managed security services offering by integrating Tenchi Security’s cutting-edge Software as a Service (SaaS) […]