Page 4 - Software Services

Software firm Salesforce's workers brace for fresh round of layoffs

Salesforce, an enterprise software company, is preparing for another round of layoffs amid leadership changes, increased pressure to meet sales targets, and the influence of activist investors.

Absolutely committed to integrity, transparency of our ops: Top Oracle exec

Speaking in the context of recent charges against the firm, Garrett IIg, president, Oracle Japan and Asia Pacific, says compliance training among employees has become more aggressive recently

Amazon becomes world's first listed firm to lose $1 trillion in market cap

Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak

Software delivery firm Devtron raises $12 mn funding from Insight Partners

Start-up will use financing to expand team, promote its platform and expand business

Nasscom to train up to 50,000 product managers by 2025: Narayanan

NASSCOM Product Council is a community to cater the needs of 3,720 product companies based in India in both domestic and global contexts

Addteq APAC announces rebranding; changes corporate name to 'Enreap'

/ -- Addteq APAC announced its plan to change its corporate name to "Enreap" to enable sharper strategic focus to be a global leader in ALM, DevOps and Digital Services. The name is derived from two powerful components, "en" and "reap". "en" signifies an association that envisions, enhances, enables, energizes, and improves the adjoining part, and "reap" signifies the business value realization for our customers. As part of the name change, the company has released a new company logo and launched a new company website at www.enreap.com. "2022 is a crucial point in the evolution of our organization. Over the past decade, as one of the most trusted partners for Atlassian in India and Southeast Asia, we have served over 300 customers and developed competencies that help organizations achieve enterprise agility with DevOps and ALM. Digital transformation is now an urgent priority for enterprises, as market needs have changed. To address those changing needs, we have expanded our ...

Xiaomi's 5G phones to get standalone network updates from October

The update is expected to happen in October

A lot has changed since decades-old IT Act: Chandrasekaran at TCS AGM

Tata Sons chairman says Digital India Act need of the hour

Chennai-based SaaS co Kissflow launches new low-code/no-code work platform

Platform unifies the entire spectrum of work management for enterprise-wide users. This includes end-users, teams, team managers, process experts, citizen developers and IT developers

ITC Infotech eyes $500 mn revenue over five years from new business unit

Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23

Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22.

Despite good prospects, valuations concerns may cap upside in L&T Infotech

L&T Infotech's new deal wins and pipeline indicates strong demand environment.

Kissflow to tap low code, no code biz, to set up offices overseas

The city-based company on Friday presented German luxury BMW cars to each of the five senior management officials who have been with the firm since inception

Renault ties up with CSC Grameen e-Stores to open 300 booking centres

Automaker Renault India on Monday said it has opened 300 booking centres across the country in collaboration with CSC Grameen e-Stores

Software products sector a key growth driver for India, shows data

The sector has the potential to further leverage new and emerging technologies and unleash its untapped potential.

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr

B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal

One nation one software

Transforming property registration to unlock economic growth the way the NGDRS has done holds promise for similar cooperation in other areas

E-commerce firm Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr

B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing desktop based software solutions which were designed for traditional businesses, the team at Realbooks has consciously designed a cloud first product which makes it appealing for new age businesses. "We believe that this investment complements other initiatives we are taking within this space, and are excited to partner with them for their next phase of growth," Indiamart CEO Dinesh Agarwal said in a statement. Adansa Solutions under the brand name 'Realbooks', offers a cloud based accounting software product for businesses and had turnover of Rs 2.6 crore in financial year 2021.

Tata Technologies to hire additional 1,000 people in FY23 to support growth

Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital

Global artificial intelligence spending to reach $434 bn in 2022: Report

The market is expected to break the $500 billion mark in 2023, reports International Data Corporation (IDC)