GlobalLogic, a Hitachi Group company, has agreed to acquire Fortech, a Romania-based software engineering services company, for an undisclosed price. Fortech provides digital engineering services such as architecture design, devops, software development, data analytics, and quality assurance with a specialization in the cloud, Internet of Things (IoT), and SaaS. The Romanian software services company also […]
PTC, an American computer software and services company, has entered into a definitive agreement to acquire ServiceMax, a SaaS field service management provider based in California, for approximately $1.46 billion. ServiceMax offers a suite of cloud-native field service management capabilities that are integrated with Salesforce’s customer relationship management platform. The transaction is anticipated to bolster […]
Keka, a Hyderabad, India-based HR tech platform, has raised $57 million (INR 465 crores) in a Series A funding round from WestBridge Capital, a UK-based capital market company, marking the largest Series A SaaS funding in India. The HR tech start-up will use the proceeds to scale research and development and improve engineering, product, and […]
Siemens Smart Infrastructure (SI) has closed the previously announced $1.575 billion acquisition of Brightly Software, an American software-as-a-service (SaaS) company that provides solutions for asset and maintenance management. The deal, which was announced in June 2022, also includes an earn-out of $300 million for Brightly Software. Siemens Smart Infrastructure acquired Brightly Software from Clearlake Capital. […]
Swiss automation company ABB, through its E-mobility unit, has agreed to acquire a controlling stake in Bengaluru-based Numocity, which has developed a digital SaaS platform for energy delivery to electric vehicles (EVs) in India. The financial terms of the deal were not disclosed. ABB said that it will increase its stake in the EV charging […]
MercuryGate International, a US-based transportation management system (TMS) provider, has unveiled an advanced software platform dubbed Smart Transportation. The Software-as-a-Service (SaaS) product suite features MercuryGate Final Mile and Claims Management solutions, which are designed to make shipping intelligent, easier, sustainable, and transformative for customers. Smart Transportation is expected to help shippers, brokers, third-party logistics providers […]
CCC Intelligent Solutions, a US-based SaaS platform for the property and casualty (P&C) insurance economy, has acquired Safekeep, a provider of artificial intelligence (AI) powered subrogation claims management technology. The financial terms of the deal were not revealed. Safekeep, which is an enterprise platform, makes use of AI to speed up and enhance subrogation management […]
Infosys said that UnionBank of the Philippines (UBP) will move from an on-premises deployment to Infosys Finacle Digital Banking Solution Suite on Cloud. According to the Indian IT giant, more than eight million customer accounts will be considered for shifting to the new software-as-a-service (SaaS) platform. The migration is expected to help UnionBank of the […]
Tata Consultancy Services (TCS) has launched Jile 5.0, a major release of its on-the-cloud SaaS-based Enterprise Agile planning and delivery tool that helps enterprises in addressing the large-scale development requirements of multiple distributed teams. According to TCS, with improved Agile portfolio capabilities and Lean portfolio budgeting, Jile facilitates better collaboration and expedites value creation. Jile […]
Infosys Finacle has launched a digital banking SaaS offering to help Indian urban cooperative banks (UCBs) in modernizing their business and operations. Designed as an accessible solution, the Infosys digital banking SaaS offering has already been adopted by Vidya Sahakari Bank, Zoroastrian Co-operative Bank, and Urban Co-operative Bank, Bareilly. Infosys Finacle is a part of […]