Industry news

  • 30 Jan 2023 9:47 AM | Abbie Lunn (Administrator)

    Teleperformance which is into outsourced customer and citizen experience management and related digital services, said it has assisted more than 60,000 children, including 10,000 in India, in situations of vulnerability across 50 countries last year through its Citizen of the World (COTW) programme. 

    Founded in 2006, COTW is part of the Teleperformance Corporate Social Responsibility (CSR) strategy to meet today’s major global challenges.  Since its inception, COTW has made $60 million in cash and in-kind donations to help improve lives around the world, the firm said. 

    Read more on The Hindu here.

  • 27 Jan 2023 10:04 AM | Abbie Lunn (Administrator)

    IBM announced revenue growth above expectation in Q4, and growth of 12% for FY22, however the company also announced 3,900 layoffs representing 1.5% of IBM’s workforce.

    For Q4 FY22 IBM reported revenue of $16.7bn, up 6% at constant currency, though flat in real terms. IBM has seen success from its focus on hybrid cloud and AI, with good growth across all geographies.

    For the full FY22, revenue was up 12% (cc) to $60.5bn, with about 4 points attributable from sales to Kyndryl. Hybrid cloud revenue was $22.4bn, up 17% (cc). Currency volatility was a significant headwind in 2022, impacting revenue by $3.5bn dollars. The planned layoffs are related to the spinoff of its Kyndryl business and a part of AI unit Watson Health. No UK specific revenue was provided, but in January IBM named Dr Nicola Hodson as its new Chief Executive for UK&I, succeeding Sreeram Visvanathan.

    Read more on TechMarketView here.

  • 27 Jan 2023 10:03 AM | Abbie Lunn (Administrator)

    Dell Technologies has acquired the open source, multi-cloud orchestration platform Cloudify in a deal widely reported to be worth up to $100m.

    Although neither Dell nor Cloudify has released a statement about the acquisition, Dell has posted a Form S-8 filing with the US Securities and Exchange Commission detailing share awards for Cloudify employees as part of the deal.

    Read more on TechMarketView here.

  • 27 Jan 2023 10:01 AM | Abbie Lunn (Administrator)

    2022 had proven challenging for Australia, with economic turmoil and market volatility in the face of supply chain issues, political conflicts, and talent acquisition and retention difficulties, according to robotic process auttomation provider SS&C Blue Prism.

    SS&C Blue Prism says organisation leaders should prepare for challenges around procuring talent, building the right flexible workplace culture, and delivering operational resilience. 

    “To help organisations achieve IA success, leaders from the global SS&C Blue Prism team predict the following trends will become key priorities in 2023:

    Read more on IT Wire here.

  • 27 Jan 2023 10:00 AM | Abbie Lunn (Administrator)

    What’s riskier: a lion that’s about to pounce on you, or an iceberg melting away in the distance?

    Both pose a threat to human life. But our ability to perceive and act on the long-term danger falters in comparison to our readiness to grab a spear or rock to deter the big cat.  

    Our ability to focus on our immediate surroundings was once a handy mechanism to stay alive. Now, this short-term bias could be putting the world at risk. While we’re well aware of the challenges ahead, acting on them is a different story. The urgency of the COVID-19 pandemic prompted dramatic changes, from lockdowns to virtual working; the slow-burn crisis of climate change has not had the same effect.

    Read more on Zurich Insurance here.

  • 27 Jan 2023 9:50 AM | Abbie Lunn (Administrator)
    • Zurich launches the fourth edition of its global startup competition, the Zurich Innovation Championship
    • Startups can sign up here until Feb. 27 in five categories expected to shape the future of insurance
    • First three editions have resulted in 30 ongoing collaborations globally

    Find out more on Zurich Insurance here.

  • 25 Jan 2023 9:38 AM | Abbie Lunn (Administrator)

    ShardSecure, a leading provider of cloud data security and resilience software, has formed a new alliance with KPMG LLP in the United States. KPMG LLP is one of the top cyber consulting and advisory firms globally.

    KPMG LLP will bundle ShardSecure's Microshard™ solution with cloud security service offerings in the US. This will provide a robust cloud security solution for our joint enterprise customers. KPMG also intends to support ShardSecure on go-to-market strategy to meet the growing need for data protection, privacy, and resilience in the cloud using jointly developed cloud security solution offerings.

    Read more on PR Newswire here.

  • 25 Jan 2023 9:36 AM | Abbie Lunn (Administrator)

    New survey from KPMG reveals how employers' ESG record is influencing employment decisions for almost half of UK office workers.

    A third of 18 to 24 year-olds have rejected a job offer based on the prospective employers' environmental, social, and governance (ESG) performance in favour of more environmentally friendly roles - fuelling a growing trend dubbed "climate quitting" by KPMG.

    The consultancy giant today published the results of a survey of 6,000 UK adult office workers, students, apprentices, and those who have left higher education in the past six months, which found that almost half - 46% - of those quizzed want the company they work for to demonstrate green credentials.

    Read more on Investment Week here.

  • 24 Jan 2023 9:50 AM | Abbie Lunn (Administrator)

    Cognizant is to acquire Wilmslow-headquartered former Little British Battler (LBB) Mobica as it looks to enhance its IoT software development capabilities.

    We first looked at Mobica back in 2012 when they formed part of our 'Little British Battler' initiative (see here) – indeed at the time we were particularly impressed with the way the top team ‘walked the walk’ as well as ‘talked the talk’. Fast forward eleven years and they have talked and walked themselves into a deal with acquisitive SI Cognizant who is looking to expand its IoT embedded software engineering capabilities. Sensible stuff given that IoT has become one of the hottest parts of the SITS market.

    Read more on TechMarketView here.

  • 24 Jan 2023 9:34 AM | Abbie Lunn (Administrator)

    London based start-up GoodVision Ltd, which provides an AI driven Advanced Traffic Analytics Platform, has raised €2.7m in funding to further scale and grow the business.

    GoodVision provides automation tools for all stages of traffic projects, from AI traffic data collection to traffic modelling and real-time traffic control. The company was founded in 2017 by Daniel Stofan and Lukas Hruby and has raised €3.7m in funding to date. The latest round was led by Lead Ventures, with participation from Credo Ventures, and Bulgarian Sofia Angels Ventures.

    The company’s main product is its ‘Video Insights platform’, a SaaS traffic analytics platform that automates the traffic data collection from existing camera infrastructure and provides deep traffic analytics for calibrating traffic models. They also offer products for real time traffic video analytics and video storage. Existing clients include ArupJacobs and the New Zealand Transport Agency.

    Read more on TechMarketView here.

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