News & Features

Crowdfunding platform raising $100 million fund for AI

OurCrowd, a Jerusalem-based crowdfunding investment platform comparable to AngelList, is raising a $100 million fund to finance early-stage companies focusing on artificial intelligence, deep-learning and robotics. Unlilke AngelList, a popular destination for startups seeking capital, OurCrowd acts more like a traditional fund by vetting deals and investing in companies alongside its users. “This ... »

Leading investment firm acquires software company Perforce

Clearlake Capital Group has announced that it has acquired Perforce Software, the Minnesota-based provider of enterprise scale software solutions used by technology developers and DevOps teams, from growth equity investor Summit Partners. Perforce has 3,000 customers worldwide, including insurance group XL Capital and exchange group NYSE Euronext, and offers developer collaboration and agile proje... »

QASymphony reports record year thanks to “exceptional” market demand

QASymphony, the Atlanta-based specialist in software testing solutions, has completed a record 2017 with annual revenue growth up 113%. The company has also grown its customer base by 33%, with financial services making up 20% of new business. Dave Keil, QASymphony CEO, said: “Exceptional market demand from global enterprises led us to significantly exceed our »

Machine learning consultancy joins Capital One

US financial corporation Capital One has announced that it has acquired Notch, a Virginia-based machine learning consultancy. Notch’s team will join Capital One’s Center for Machine Learning  —  an in-house consultancy created in 2016 to drive the delivery of AI-powered products across the business. Notch was cofounded in 2014 by Paul Hurlocker and David Der »

Endava and Velocity Partners announce merger in bid to become global IT player

Velocity Partners, a software development company with a strong presence in Latin America, and Endava, a global technology company with offices across North America, Western Europe, Central Europe and Latin America, have announced they have merged in a bid to create a global IT player. The resulting organisation will have over 4,600 people, and an »

Leadership Insight: Eran Yaniv, CEO and Founder Perfecto

Leadership Insight: Eran Yaniv, CEO and Founder Perfecto

For many of us, stepping into a bank branch has become a rare, or maybe non-existent, occasion. Digital banking is now the norm for most people, and banking applications have become an integral part to driving a bank’s business. While financial services may not be the most technologically advanced, they were certainly the most advanced »

Micro Focus drops the most in almost seven years as sales disappoint

Micro Focus’s stock has fallen as much as 18% after the company posted sales at its new HPE Software business unit at the bottom of its guidance, and predicted that revenue for the 12 months ending October 31 will decline 2% to 4%. The share drop was the largest since February 2011, a sign that »

Godel awarded Standard Consulting Partner status by AWS

Manchester-based software company Godel Technologies has been awarded Standard Consulting Partner status by global cloud platform provider Amazon Web Services (AWS). Godel is now one of a group of AWS partners who demonstrate a high level of expertise and consultative service in supporting cloud-based solutions on AWS. “Godel has a rapidly growing number of accredited »

Zuckerberg money manager Iconiq bets on European data startup

Iconiq Capital, the Silicon Valley venture firm that invests on behalf of Facebook founder and Chief Executive Officer Mark Zuckerberg and other tech billionaires, is putting $30 million into Collibra, a software company that helps large institutions manage their data. The investment is part of a $58 million round of capital that included Battery Ventures, »

EBRD selects Mastek for new digital data platform project

The European Bank for Reconstruction and Development (EBRD) has awarded Mastek, a specialist in digital transformation, a three-year contract to deliver a new digital data platform. The EBRD is a global development investment bank that uses investment as a tool to build market economies in developing and emerging countries. The project is being implemented as »

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