Information Technology Newsletter - November 21 to 25, 2016

India Infoline News Service | Mumbai | November 25, 2016 17:36 IST

This week, Infosys invests in Stellaris Venture Partners, Ola might raise a capital of $ 500-750 million only on the back of lower valuation. IIFL presents a weekly snapshot of all the major happenings in the IT space, nationally and internationally.

Top News
 
Infosys invests in Stellaris Venture Partners
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund. India’s startup ecosystem is witnessing rapid growth led by areas such as cloud computing, Internet of Things (IoT), artificial intelligence and big data, as well as the widespread proliferation of smart phones. In this environment, Stellaris aims to back entrepreneurs building applications for global businesses, Indian SMBs and consumers in verticals such as financial services, retail, healthcare and education. Stellaris’ investment team has significant experience working in global technology companies and a strong track record in venture capital, with investments made in companies such as Taxisforsure and Bigbasket to name a few. Stellaris has built a robust network of successful entrepreneurs and advisors tosource, evaluate and mentor the best Indian startups. Read More
 
India Tablet shipments up 7.8% sequentially in CY Q3 2016: IDC
According to International Data Corporation (IDC), tablet shipments in India inclusive of slate and detachables clocked 1.06 Million in CY Q3 2016 remaining stagnant over the same period last year. However, total tablet shipments grew 7.8% in Q3 2016 over Q2 2016 as vendors prepared the channel to cater to the consumer demand for upcoming festive month.  
 
According to Karthik J, Senior Market Analyst, Client Devices, IDC India, “Commercial segment continues to grow at a healthy pace accounting to over one-fifth of total tablet shipments in CY Q3 2016 with key contributors being Education, Government and large Enterprise segments. Commercial segment also contributed to majority of detachable shipments in Q3 2016 driving the product category’s volume to almost double over previous quarter”. Read More
 
Ola might raise a capital of $ 500-750 million only, gets lower valuation
India’s largest cab hailing service app, Ola is gearing up to raise fresh funds from investors at a lower valuation. The homegrown ‘unicorn’ is looking to raise a capital of $ 500-750 million in the latest round. In the last evaluation, Ola was valued at $ 5 billion and had raised $ 500 million last November. In the latest round of evaluation led by Japan’s Softbank, it is now being valued at $ 3-4 billion. In addition to existing, Ola is said to be in talks with Russian billionaire Yuri Milner's DST Global, Tiger Global Management and hedge funds for fundraising. Looking at the present scenario, it is a necessity for the company to keep raising huge amounts of cash to fund its operations, considering the cutthroat competition it has from Uber. Read More
Domestic Newsmakers
 
TCS partners with ASML to simplify business processes and enrich stakeholder experience
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that TCS will implement a unified global process blueprint for ASML, aiming to simplify business processes, improve operational efficiency and elevate stakeholder experience. Recently, TCS set up an exclusive centre for ASML in its Hyderabad Campus, which was inaugurated by Louis Luijten, Chief Information Officer and Wolfgang Nickl, Executive Vice President and Chief Financial Officer of ASML. Read More
 
Ramco Systems bags order from Brunei's Bank BIBD
After expanding into China and setting up office in the Philippines, Ramco Systems continues its expansion in APAC with Brunei’s largest bank and flagship Islamic financial institution, Bank Islam Brunei Darussalam Berhad (BIBD)today announcing that it will integrate its business processes across HR and enterprise resource planning functions with Ramco Systems’ Enterprise Resource Planning (ERP) integrated with full suite Human Capital Management (HCM) and Global Payroll. Read More
 
Epicor launches new partner program in EMEA and APAC
Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth today announced the launch of a brand new partner program in its EMEA (Europe, Middle East and Africa) and Asia Pacific regions. Designed to further accelerate international growth and support the company’s cloud-first strategy, the innovative new program gives partners benefits that focus on the value they bring to both businesses.
 
Epicor is also recruiting new partners across the Middle East, Africa, Australia and South Asia. The recruitment will focus on broadening the company’s experience in niche/specialist verticals as well as key technology areas such as the cloud. “We recognize that the world is changing at rapid pace and we need to continue to evolve our channel strategy in order to better serve our customers and enable them to focus on growing their business,” said Hesham El Komy, senior director, international channel for Epicor Software. Read More
 
Cisco Investments joins Helpshift Series B Round
Helpshift, the company revolutionizing the customer support industry through enterprise-level, in-app customer experiences, today announced that Cisco Investments has recently joined their Series B funding round, which follows previous investors such as Intel Capital, Microsoft Ventures and Salesforce Ventures. As one of Cisco Investments’ portfolio companies, Helpshift and Cisco will also explore opportunities to integrate Helpshift’s in-app customer support solutions with Cisco’s leading contact center solutions. 
 
As the world rapidly moves to adopt in-app support for business to consumer communication, Helpshift’s Series B round continues to enable the company to take autonomous customer support to the next level. Additionally, as mobile replaces the web as the primary channel through which customers engage, the $ 350 billion contact center industry is expected to take advantage of this new channel. Read More
 
Brigade Enterprises announces strategic partnerships with Microsoft & Intel
Brigade Enterprises Limited, one of the leading real estate developer in India, recently launched the country's first real estate focused accelerator program. The accelerator will mentor startups whose products or services can be used in the real estate industry across various domains be it Residential, Office, Retail or Hospitality. The sectors in focus are Internet of Things (loT), Nano Technology, CleanTech& Renewables, Visual Computing such as Augmented Reality and Virtual Reality and Logistics. Solutions can be applicable in either B2B or B2C models. The Brigade Real Estate Accelerator Program (REAP) has announced strategic associations with two of the largest technology firms in the world Microsoft & Intel. Read More
 
TCS recognized as a Leader in Life Science Manufacturing and Supply Chain Digital Transformation
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a Leader in the IDC MarketScape, 'Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment report.  TCS was cited for its extensive industry experience in the Life Sciences industry, catering to a large number of customers in the pharmaceutical, biotech and medical devices sectors. Currently, more than 95% of TCS' Life Sciences customers are large companies with revenue exceeding $ 1 billion. The report also highlights TCS’ account management capabilities, extensive employee strength and domain expertise in the Life Sciences industry as key attributes. Read More
 
Omantel partners with HCL Infosystems for Digital Innovation and Growth in Oman
Omantel, the first telecom operator in the Sultanate has signed a Memorandum of Understanding (MoU) with HCL Infosystems, India’s premier ICT Services and Solutions company to deliver Internet of Things (IOT), Machine to Machine (M2M) services, enhance automation, accelerate efforts to optimise network capabilities and roll-out large-scale ICT services and solutions across Oman. This MoU is part of Omantel’s strategy to increase business agility and deliver innovative offerings and e-Government solutions to support growth in the increasingly connected and knowledge-based economy in Oman. Read More
 
Zensar Technologies joins the United Nations Global Compact
Zensar Technologies, a leading provider of digital solutions, software and infrastructure services, has participated in the United Nations Global Compact, the world’s largest corporate sustainability initiative. The company is committed to the United Nations Global Compact and will align its strategies and operations with the universal principles on human rights, labour, environment, anti-corruption, and will take actions that advance the societal goals. In accordance with the Global Compact’s directives, each year Zensar will submit a Communication on Progress (CoP), with a focus on environment and labour which will describe the company’s internal efforts and accomplishments towards the principles. Read More
 
Consumer spending remained the highlight for India PC Market in Q3 2016; in spite a YoY slump: IDC
According to International Data Corporation (IDC), the overall PC shipment for Q3 2016 stood at 2.51 million units i.e. a quarter on quarter growth of 17.3% over Q2 2016 and year on year decline of 22.5% over Q3 2015.

Form Factor Highlight
The overall consumer PC Market recorded 1.37 million units, a quarter on quarter growth of 31.0% over Q2 2016. According to Manish Yadav, Associate Research Manager, Client Devices, IDC India “With increased consumer confidence; backed by strong festive demand, decent monsoon and positive economic outlook, eventually drove the pockets of investment in the quarter."
 
The commercial PC Segment recorded 1.13 million unit shipments in Q3 2016 i.e. a 4.1% quarter on quarter increase against Q2 2016. “With favorable domestic macroeconomic scenario spending from enterprises have been positive and anticipate improved spending in upcoming quarter as well” said Yadav. Read More

 

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