Industry news

London HQ’ed supply chain startup Kavida.ai has raised £900k in follow-up seed funding from investors, bringing the total raised to £1.2m.

Investment into improving Supply chain productivity and resilience is going to be big business over the next few years. The maturing use of AI, centralised data platforms and automation technologies in particular are increasingly important for organisations who are struggling from inflation cost pressures, business disruption and skill shortages.

Read more on TechMarketView here.

Czech billionaire Daniel Kretinsky is in talks to buy Atos's loss-making legacy operations in a 2 billion-euro ($2.20 billion) deal that will refocus the struggling French company on its cybersecurity and cloud assets, and cut its debt.

Kretinsky, who made his fortune in the energy sector, is expanding his vast empire in Europe and has been on a buying spree in France, setting his eyes on assets ranging from French retailer Casino to Vivendi's publishing group Editis.

Read the full article on Reuters here.

Twitter's abrupt rebrand to X came out of the blue on July 23, causing widespread confusion among its 240 million global users. But the reasons, which Elon Musk had hinted at last year, eventually came to the surface.

The most succinct explanation came from Musk himself in the Tweet (or is that Xeet?) below. In it, he explains that X Corp (the company formerly known as Twitter) bought the social network "as an accelerant for X, the everything app."

Read the full article on TechRadar.

EXL, a leading data analytics and digital operations and solutions company, announced the appointment of Vishal Chhibbar as executive vice president and chief growth and strategy officer.

In his new role, Chhibbar will draw on his leadership experience, financial expertise, and knowledge of EXL’s business to spearhead EXL's growth, overseeing areas such as strategy, marketing, sales governance, mergers and acquisitions and partnerships.

Read more on GlobeNewswire here.

Intetics, a leading global technology company, released a new white paper “Vocabulary of Emerging Technologies by Intetics,” covering insights and trends in emerging technologies.

In the thick of the current global challenges, businesses that are quick to invest in cutting-edge technology are the ones that will thrive. In view of this, it is crucial for businesses to stay informed about the latest developments if they want to remain competitive

Read more on Newswires here.

In a bid to include latest technologies like AI and cloud services, KPMG, will spend $2 billion on the same through an expanded partnership with Microsoft, the accounting firm said on Tuesday.

The move has come come after Accenture is heading towards the latest technologies to weather a slowdown in advisory deals. KPMG will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership

Read more on Mint here.

The CBI has secured strong backing for its reform package in a pivotal vote about its survival that took place earlier today.

The lobby group has been rocked by allegations of sexual attacks and harassment, including two claims of rape.

Following an extraordinary general meeting in London, members backed the beleaguered business group’s reform plan in a ‘crunch’ vote.

The question posed was: “Do the changes we have made − and the commitments we have set out − to reform our governance, culture, and purpose give you the confidence you need to support the CBI?”

Read more on Management Today here.

Gobeyond Partners (Gobeyond), a leading CX Consulting firm specializing in solving complex customer journey challenges and part of the Webhelp group, has announced the appointment of Raphael Hegeler as its new Global Head of Gobeyond.

The appointment of Raphael supports Gobeyond’s growth strategy, which will focus on strengthening its CX and customer journey consulting capabilities in existing and new geographies.

We want to help organizations harness data and the best of human and technology to transform their CX and deliver game-changing customer journeys," says Raphael.

Read more on Gobeyond here.

Stefanini has begun a new partnership with the major automotive brand Mazda, having been appointed to provide an end-to-end workplace solution, including service desk support, remote technical specialists, local technical support, and enterprise services such as Office 365.

With a team spanning different services and centers, based in Germany, Belgium and Romania, the project is an excellent example of the Stefanini’s ability to collaborate effectively to comprehensively meet clients’ needs.

Read more on Stefanini here.

Stefanini is building a longstanding partnership with Phillip Morris International (PMI), the international tobacco company working to deliver a smoke-free future, after being appointed to provide an end-to-end workplace solution.

The company has rapidly reacted to the needs of the new relationship, engaging experienced specialists with different backgrounds in response to the new partnership and the service standards expected.

Read more on Stefanini here.