CHANNEL NEWS

The Competition Commission of India (CCI) has approved the acquisition of Citrix Systems, Inc. (Citrix) by funds managed by Vista Equity Partners Management, LLC (Vista) and funds and investment vehicles managed by Elliott Investment Management L.P. (Elliott) The proposed combination relates to the acquisition of Citrix by funds managed by Vista and funds and investment vehicles managed by Elliot approved …

Tata Group has taken a crucial step in changing Air India’s customer experience and operational effectiveness as part of the carrier’s revitalization by deploying best-in-class technical solutions from Amadeus. Air India is implementing the entire Amadeus Altéa PSS suite, which covers revenue management, revenue accounting, retailing and merchandising, as well as management of internet, mobile, and frequent flyer programs. Customers …

Climes, a ClimateTech company, has announced its first round of funding of USD 1.2 million. The company is building an engine that accelerates the flow of fresh capital towards climate solutions by making it convenient for brands and individuals to take meaningful climate action. Climes, founded by Anirudh Gupta (ex-Airbus) and Siddhanth Jayaram (ex-Kalaari Cash), uncovers an untapped source of …

The decision by Intuit to stop QuickBooks online products in India from Jan 2023 is expected to impact lakhs of Indian SMEs. Tally Solutions announced that its wide partner ecosystem and 24*7 customer support center- TallyCare- are fully prepared to assist these businesses in a seamless transition and allow their automation journey. The migration of company data can be a …

Juniper Networks has announced the innovation that will power its vision and strategy for Cloud Metro – a new category of solutions for service providers, optimized for metro transformation and sustainable business growth. Traditional’retro’ metro networks are device-centric, and they are buckling under the enormous scale, agility, and experience requirements that widespread digital transformation and the introduction of 5G services …

Viettel Group and NVIDIA signed a Memorandum of Understanding (MoU) to establish a strategic partnership on using Artificial Intelligence (AI) to advance Viettel and Vietnam’s technology research and solutions. Viettel is the first firm in Vietnam and one of only five in Asia to have an official strategic relationship with NVIDIA for AI initiatives. Viettel is the first Vietnamese corporation, …

SAS has acquired Kamakura Corporation. Privately held Kamakura provides specialized software, data, and consulting that helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds, and more – manage a variety of financial risks. SAS’ investment decision comes as post-pandemic optimism is tempered by war, unyielding supply chain disruption, and the demise of many pandemic-era financial …

Tech Mahindra has announced the launch of Synergy Lounges, developed in collaboration with IBM and Red Hat, one of the world’s leading providers of open source solutions. The first Synergy Lounge launched in Bengaluru, with a focus on edge, 5G, and software defined networking technologies, with the aim of accelerating organizations’ hybrid cloud journeys internationally. The Synergy Lounge will be …

Vertiv has announced the unveiling of its new state-of-the-art global research and development (R&D) center in Pune, India. In keeping with the company’s mission to increase innovation, the new large building is outfitted with superior lab facilities that will assist Vertiv product development and future generation Vertiv products. The new facility, located in Viman Nagar, the city’s heart, and spanning …

Redington India Limited, one of the leading IT Technology providers, has announced that it has entered into a multi-year Strategic Collaboration Agreement (SCA) with Amazon Internet Services Private Limited (AISPL), which undertakes the resale and marketing of Amazon Web Services (AWS) Cloud in India. The expanded partnership with AWS will assist Redington India in improving its cloud capabilities in order …