CHANNEL NEWS

Happiest Minds Technologies, a leading ‘Born Digital. Born Agile’ IT company, has announced its acquisition of PureSoftware Technologies Private Limited. The deal, valued at US $94.5 million (₹779 crores), includes an upfront payment of ₹635 crores upon closing and a deferred payment of up to ₹144 crores by the end of FY25, contingent on meeting performance targets. PureSoftware, headquartered in …

Gartner has unveiled the key data and analytics (D&A) trends for 2024, highlighting challenges arising from organizational and human factors. At the Gartner Data & Analytics Summit in Mumbai, Ramke Ramakrishnan, Gartner’s VP Analyst, emphasized the transformative impact of AI and GenAI on work dynamics, collaboration, and processes. Organizations failing to adapt and effectively utilize D&A, particularly AI, risk falling …

Oracle has unveiled new AI capabilities within its Cloud CX platform, aimed at empowering marketers, sellers, and service agents to expedite sales processes. These enhancements promise improved customer satisfaction, enhanced productivity, and quicker deal cycles. Katrina Gosek, Oracle Cloud CX’s vice president of product strategy, highlighted the potential of AI to revolutionize customer service, sales, and marketing, streamlining processes and …

Cognizant has forged a partnership with Microsoft aimed at bolstering its generative AI initiatives. This collaboration holds the promise of significantly accelerating AI adoption and fostering innovation in India. Projections suggest that AI could contribute $450-500 billion to India’s GDP by 2025, accounting for 10% of the nation’s ambitious $5 trillion GDP target. As part of this alliance, Cognizant has …

Happiest Minds Technologies Ltd is set to acquire PureSoftware Technologies, a digital engineering and transformation services provider based in Noida, for a sum of $94.5 million (approximately Rs 779 crore). The acquisition aims to bolster Happiest Minds’ expertise in key sectors such as banking, financial services, insurance (BFSI), healthcare, and life sciences, while also expanding its global footprint across the …

The increasing prevalence of AI-based threats has heightened the importance of addressing cybersecurity challenges within cloud environments. With the proliferation of cloud applications, organizations are grappling with the complexities of securing hybrid and multi-cloud infrastructures. A recent survey conducted by Cybersecurity Insiders and sponsored by Fortinet sheds light on these challenges and the strategies organizations are employing to bolster their …

Oracle Financial Services has launched a new AI-powered cloud service, Oracle Financial Services Compliance Agent, to assist banks in mitigating anti-money laundering (AML) risks. With an estimated $5.05 trillion to be laundered this year, banks face significant challenges in compliance complexity and costs. This new service enables banks to conduct inexpensive scenario testing, adjust thresholds, and controls to detect suspicious …

VTEX has introduced groundbreaking advancements and upgrades aimed at crafting customizable customer experiences, expanding sales avenues, and accelerating order fulfillment. Leveraging platforms like WhatsApp and AI integration, VTEX empowers businesses to streamline operations and enhance engagement. Through its ‘VTEX Vision’ event, the platform showcases innovative solutions tailored for enterprise growth in today’s challenging market landscape. Key highlights include the launch …

COLORFUL has launched its latest series of gaming laptops, the COLORFUL EVOL P15 series, targeting casual gamers and students. These laptops come equipped with RTX 40 series graphics cards, promising an exceptional gaming experience at a competitive price point. The COLORFUL EVOL P15 series offers three models, each boasting Intel’s latest hybrid architecture and featuring up to 13th Gen Intel® …

India, April 23, 2024 – Elastic® (NYSE: ESTC) (“Elastic”) has released its latest study, “The Elastic Generative AI Report: One Year On,” shedding light on the impact and challenges of early generative AI (GenAI) implementation worldwide. The report unveils that India is at the forefront of GenAI adoption, with 81% of organizations already integrating the technology. Karthik Rajaram, area vice …