Page 3 - Software Services

Doxel raises $40 mn in Series B funding from Insight Partners, others

The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams

Services sector expected to grow at 28% in 2021-22, says SEPC

Services Export Promotion Council (SEPC) Chairman Maneck Davar said that in the first quarter of 2021, the exports stood at $54 billion.

HDFC Bank acquires 7.4% stake in product engineering firm Virtuoso Infotech

Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise.India's largest private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4 per cent stake in Virtuoso Infotech.Virtuoso Infotech specializes in product engineering and offers customized software solutions for enterprises across a wide range of sectors. The list includes software solutions for Hospitality, Finance, Media, Religious Institutions, Communities, Cloud Computing, Food & Travel industries, using Data Analytics and Machine Learning.This relationship will strengthen, company's vision to become a reliable software technology partner for Indian Enterprises and bank's objective to digitize under-served and under-penetrated segments using digital solutions."We thank HDFC Bank for their confidence and trust in Virtuoso's tech capabilities," says Preeti .

John McAfee, antivirus software pioneer, found dead in Spanish prison

Businessman founded McAfee Corp. in 1987 and led the company as it dominated the market for antivirus protection of personal computers.

Microsoft becomes second US public company after Apple to join $2 trn club

Shares of software giant have gained 19% so far this year

K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs

IT company K2V2 Technologies expects its newly-launched SME-focused CRM software Kylas to break-even in six months and touch annual revenue rate of Rs 70 crore in the third year of operation.

Microsoft Corp in talks to acquire Discord for more than $10 billion

Discord has been talking to potential buyers and software giant Microsoft is in the running, but no deal is imminent

Telecom links failure led to outage; measures being taken to correct: NSE

The National Stock Exchange (NSE) on Monday said failure of telecom links as well as that of software area network system led to the outage at the bourse last month.

Icertis valuation trebles to $2.8 billion after a fundraise of $80-million

Icertis has now raised over $280 million, and the current financing nearly triples the valuation of its Series E round in July 2019

Software royalty likely to cost Centre Rs 5,000 crore every year

According to sources, the department is examining the court's ruling and seeking legal opinion on it.

Quess Corp announces separation of Chairman, MD roles; appoints new CFO

Business services and global staffing provider Quess Corp on Monday announced the separation of roles of its Chairman and Managing Director.

Online assessment firm Mercer Mettl sees 2021 as year of strong growth

Online assessment firm Mercer Mettl on Tuesday said it expects 2021 to be a year of strong growth for the company with most of the economic activities coming out of pandemic. The company's support to corporate for online assessments for hiring and other activities was impacted during the pandemic but growth in the education vertical covered up the adverse impact on overall business, Mercer Mettle CEO Siddhartha Gupta said. "All companies were not hiring. They were also not keen on spending their dollar on L&D (learning and development). It slowed for three months. "The education business grew, which made up for whatever business came down for us. COVID-19 has not impacted us negatively in 2020," Gupta said while announcing a web-based examination platform of the company. He said the education was a smaller business for the company before 2020. "We have actually grown that business 484 per cent year-on-year," Gupta said. The company provides online assessment solutions to ...

India's tech industry hails Joe Biden's stand on immigration, H-1B rules

Trump admin had placed several curbs and made unfavourable changes to the H-1B visa rules. Biden has either withdrawn or frozen some of these provisions

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

Cisco to acquire UK-based software firm IMImobile for $730 million

IMImobile provides software and services which allow enterprises and organizations to stay constantly connected to their customers through enhanced interactive channels.

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

F C Kohli, the man who made Indian IT go places, passes away at 96

Kohli believed that though the software industry will continue to do well, it is the local language computing that needs attention

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

One-third of IBM staff in India may be moved to new infra services biz: CEO

On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo

NEC agrees to $2.2 billion takeover of bank software firm Avaloq

NEC was the winner of a competitive auction and completion of the deal is expected in early 2021, subject to regulatory approval.