Pegasystems Inc. launched the Pega Financial Crime and Alerts Investigation Management Accelerator. MangoApps has revealed updates to the survey component of its modern intranet and employee app.
Zoho made several product announcements and also revealed its momentum in both Spain and India. Cybage Software announced David Houser has joined its advisory board. David Houser.
Xsolla released Headless Checkout, an advanced payment customization feature to help game developers create a fully branded and revenue-optimized purchasing experience. Titan Wealth is to transform its financial budgeting and forecasting processes using the Anaplan FP&A solution.
TU Eindhoven, RWTH Aachen and KU Leuven universities will collaborate to boost AI research and education. PeopleCert unveiled the latest version of PRINCE2.
At its annual user conference, CompTIA held its EMEA partner awards ceremony with QA Ltd, North Warwickshire College and Firebrand Training Ltd winning awards. Enterprise Times also published a podcast from the event. It featured Jason Moss, Senior VP of EMEA at CompTIA and Zeshan Sattar, Senior Director for Learning and Skills at CompTIA, talking about the investment in training by enterprises.
Clevertouch Marketing announced a rebrand to Clevertouch Consulting and several leadership changes.
Pick of the week
At Adobe MAX, Adobe made a series of announcements:
Adobe unveiled Project Stardust, a powerful new object-aware editing engine that uses generative AI to revolutionize image editing, and its latest collection of early-stage innovations, highlighting exciting new uses of generative AI and 3D technologies across multiple creative domains, including photo, video, audio, 3D, design and fashion applications. It also unveiled eleven other projects in the works.
Adobe unveiled three new Firefly models – Adobe Firefly Image 2 Model, Adobe Firefly Vector Model and Adobe Firefly Design Model – models that are designed to generate content safe for commercial use. Adobe released over 100 major new AI features and updates across Creative Cloud flagship applications, including Adobe Illustrator, Adobe Photoshop, Adobe Lightroom, Adobe Premiere Pro, Adobe After Effects and Adobe Stock.
There were also AI-powered Generative Fill and Text to Template, plus Translate and Drawing and Painting features in Adobe Express. It showcased Adobe GenStudio, a new end-to-end solution that brings together best-in-class applications across Creative Cloud, Express and Experience Cloud, with Firefly generative AI at the core to help brands meet the rising demand for content. Adobe also announced the availability of the all-new Adobe Experience Manager Sites, Adobe’s content management system (CMS) for enterprises.
Adobe and Havas announced an expanded partnership, transforming the agency’s end-to-end content workflows and paving the way for a smarter and more responsible content supply chain. The collaboration will enable all Havas agencies to leverage Adobe generative AI and more efficiently deliver unparalleled personalized customer experiences.
Acquisitions
NMI, a leading full commerce enablement technology company, has acquired the Sphere Commercial Division. The acquisition will strengthen NMI’s underwriting and risk management capabilities as well as allow NMI partners, including independent software vendors, independent sales organizations and fintech innovators, to create merchant accounts within the existing NMI platform.
Appointments
Alteryx announced the appointment of Mark Dorsey as Senior Vice President of Sales for the Americas.
Infosys announced the appointment of Nitin Paranjpe as an Independent Director of the Company, effective January 01, 2024.
Medius has appointed Karim Jouini, former CEO of Expensya, and Ahmed Fessi, former CIO of Expensya, as Chief Product and Technology Officer. It also appointed Ahmed Fessi as Chief Transformation & Information Officer.
SymphonyAI has appointed Blythe Masters as an independent member of the SymphonyAI board.
Visier announced the appointment of Sean Luitjens as GM of Visier’s Total Rewards business.
Business
As part of its AI strategy, Bizagi has incorporated generative AI assistance directly within the apps that customers create using the platform.
Chaser announced that it had achieved the target it set earlier this year ahead of time to help businesses collect $5 billion and combat the issue of late payments.
Globant has launched a dedicated ServiceNow Studio. This new Studio will further help clients leverage the full potential of the ServiceNow platform, enabling them to drive the efficiency, agility, and innovation that will unlock new levels of growth and performance across IT, HR, customer experience, creativity, and beyond.
Infosys announced a five-year extension of its successful joint venture collaboration with Temasek, a global investment firm headquartered in Singapore.
Infosys Compaz (“iCompaz”), the Infosys-Temasek joint venture (JV) company, has collaborated with large corporations in Southeast Asia on their digital transformation journeys, leveraging its deep technology expertise across cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others.
Jedox and Profit&, a leading enterprise performance management (EPM) solution consultancy, have formed a strategic partnership. This collaboration will bring powerful planning solutions to a wider range of large and mid-size enterprises in the UK and Southern Europe, fueling profitable growth across these regions.
Mendix announced a collaboration with Red Hat, the world’s leading provider of enterprise open-source solutions. Through this collaboration, Mendix will combine the agility and speed of the Mendix low-code platform with the scalability and flexibility of Red Hat OpenShift, empowering organizations to embrace digital transformation with greater confidence.
N-able is deepening its ties with SentinelOne with enhanced joint endpoint security solutions that will help MSPs capitalize on opportunities to grow their business through enterprise-grade security services delivery.
NetApp announced the renewal of its partnership agreement with Ducati Corse for the 2023 to 2025 seasons and named NetApp the team’s Official Data Infrastructure Partner.
NTT Global Data Centers Corporation (a subsidiary of NTT Ltd.) launched a new data centre in the NTT Cyberjaya campus. This facility, with an investment of over RM 234 million (USD 50 million), aligns with Malaysia’s digital growth vision, aiming for Malaysia to be an ‘Asian Digital Tiger’ by 2025.
Qualtrics and WorkJam announced a strategic partnership that will improve the frontline employees’ experience in order to improve the customer experience. Qualtrics also announced a new partnership with Oculi Data, LLC to offer national benchmarking and reporting of metrics that are impacted by nursing care, nurse-sensitive metrics.
Redpoint Global announced a strategic partnership with SoftServe focused on improving health and business outcomes through the delivery of an end-to-end personalized healthcare experience.
Trinet announced a collaboration with Healthee, an industry leader in AI-powered digital solutions that enhance the health and wellness experience. TriNet’s partnership with Healthee will provide TriNet customers with exclusive access to Healthee’s market-leading solutions delivered directly to TriNet’s customers.
Trintech announced a strategic partnership with Whitley Penn, a full-service public accounting and consulting firm. The partnership enables Whitley Penn to offer and implement Trintech’s market-leading cloud-based finance and accounting solutions to businesses in the US.
At Forward VI, UiPath announced the next evolution of UiPath Academy, an open online training platform for automation professionals.
UKG announced its generative AI (GenAI) models will leverage the extensive Great Place To Work® knowledgebase of benchmarks — based on feedback from 100 million employees around the world — and proven best practices to guide HR leaders and people managers with proactive, purposefully curated insights and recommendations.
Vizibl announced the launch of its new Science-Based Targets Initiative (SBTi) Framework, which is aimed at helping large corporations get their supplier engagement for sustainability programmes, stood up and ready to launch in just four weeks.
Customer
Aon, a leading global professional services firm, digitized and automated its reinsurance claims process using the Appian Platform.
Bitkub Exchange, one of ASEAN’s leading cryptocurrency exchanges and Thailand’s largest, has selected Freshworks to modernize the customer service operations of its cryptocurrency exchange platform.
The University of Tennessee (UT) System, Tennessee’s oldest and largest public higher education institution, is extending its use of Oracle Cloud by implementing Oracle Fusion Cloud Student (Oracle Student).
ServiceNow published a case study about how Bordeaux Métropole manages local services such as waste, water, sanitation, and transport in compliance with MAPTAM (Modernization of Territorial Public Action and the Affirmation of Metropolitan Areas) using ServiceNow.
SOCi announced it is the new Platform of Record for On The Border Mexican Grill & Cantina,
Financial Reports
OneStream Software
OneStream Software announced that its Annual Recurring Revenue (ARR) is above $400M, a nearly 40% increase year-over-year in the third quarter ending September 30, 2023. OneStream grew its customer base by 22% year-over-year to over 1,300 customers globally. Notable new customers signed in the third quarter include 3D Systems, Avianca, Brenntag, Coca-Cola İçecek, Rémy Cointreau, U.S. Customs and Border Protection and U.S. Immigration and Customs Enforcement.
Tom Shea, CEO at OneStream Software, said, “As organizations seek transformative solutions to drive business agility, we remain committed to building innovative solutions that not only enable customers to manage performance but to steer the business and predict future performance. OneStream’s next-generation platform and the investments we are making in applied AI will help customers streamline financial and operational planning and reporting processes and support confident decision-making.”
Infosys
Infosys announced its Q2 and H1 results. The highlights included:
- Revenues in CC terms grew by 2.5% YoY and 2.3% QoQ
- Reported revenues at $4,718 million, a growth of 3.6% YoY
- Operating margin at 21.2%, decline of 0.3% YoY and increase of 0.4% QoQ
- Basic EPS at $0.18, growth of 1.7% YoY
- FCF at $670 million, growth of 13.8% YoY; FCF conversion at 89.2% of net profit
Salil Parekh, CEO and MD, said, “We had our highest large deals value at $7.7 billion in Q2 spread across all verticals and geographies. This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs by delivering the benefits of transformation as well as productivity and cost savings at scale.
Strong H1 performance with significant large deal wins, builds a solid foundation for the future. The growing adoption of our Generative AI offering, Topaz, is helping us deliver consistent value and expand market share.”
TCS
TCS reported its consolidated financial results, according to Ind AS and IFRS, for the quarter ending September 30, 2023. Highlights included:
- The board announced a buyback valued at $2,047 Million at $49.96 per share
- Revenue at $7.210 billion, Growth of 4.8% YoY, +2.8% in CC
- Growth led by UK (+10.7% YoY), Energy, Resources and Utilities (+14.8%) and Manufacturing (+5.8%)
- Margin Expansion Drives EPS Growth of 5.7% YoY
- Order Book of $11.2 billion, Book to Bill ratio of 1.6
- GenAI-Ready Workforce Over 100,000 Strong
K Krithivasan, Chief Executive Officer and Managing Director, said: “Our clients continue to entrust us with critical new technology initiatives, and large programs to digitally transform their IT and business operating models.
“Strong deal momentum delivered us a very large order book in Q2 – our second highest TCV ever in a quarter, and good pipeline. The resilience of demand for our services, our clients’ willingness to commit to long tenure programs and their continued appetite for experimentation with Gen AI and other new technologies give us confidence in our longer-term growth prospects.”
Funding
Acceldata announced the company has achieved 150% year-over-year Fortune 500 logo growth and a $10 million Series C funding addition from new investor Prosperity7 Ventures to fuel its go-to-market expansion.
Accenture announced a strategic investment through Accenture Ventures in Aliro Quantum, a provider of multi-purpose, end-to-end entanglement-based secure quantum networks.
Product
Accela announced its Fall 2023 Release, outlining system administration improvements, SaaS functionality updates and a new solution integration to expedite community disaster preparedness and recovery. The release includes improvements across the Accela Civic Platform, Accela Citizen Access, Accela Mobile and Civic Applications.
ADP has launched API Central, a new HCM solution that enables businesses to easily and securely connect their ADP workforce data across their HR and business systems using standard APIs and tools.
Alation announced Alation Analytics Cloud, a unified reporting platform. Analytics Cloud provides a visual map of an organization’s data usage and harnesses these insights to score its data initiatives and the overall maturity of its data culture.
Alations also unveiled ALLIE AI, a co-pilot to increase the productivity of AI engineers, data analysts, and data stewards. ALLIE AI builds upon Alation’s machine learning (ML) capabilities to enable organizations to save time and scale data initiatives more quickly, democratize trusted data, and advance new AI initiatives.
BlackLine has unveiled an expansion to its accounts receivable (AR) automation solutions portfolio, introducing e-Invoice Presentment and Payment (EIPP) capabilities.
BMC announced the expansion of its generative AI capabilities, embedding them into its entire AI-driven service and operations management portfolio. The BMC HelixGPT solution connects and distils data sources across the enterprise to deliver plain-language, actionable insights for autonomous resolution by connecting AIOps, DevOps, and ServiceOps.
Celebrus announced Celebrus Digital Analytics (CDA), a new fully-enclosed solution for web analytics that builds on Celebrus as a true first-party, live-time platform.
Conga has launched Conga Revenue Lifecycle Cloud, an advanced cloud solution that drives intelligence and eliminates complexities in the revenue process with an open platform designed to run on select cloud providers. The solution initially combines Conga Sign and Conga Composer. Conga Sign and Conga Composer.
ConnectWise has expanded its Modes Theory™ System (Modes Theory), adding two new assets for Clients and Leadership Teams.
Eightfold AI announced the availability of Eightfold Resource Management. This solution was purpose-built to increase service revenue and profit margins by focusing on skills, not just availability.
iCIMS unveiled iCIMS Copilot, its new generative AI-powered recruiting assistant, today at the HR Technology Conference. iCIMS Copilot will deliver experiences and insights across the talent acquisition lifecycle to improve efficiency and transform how organizations build and grow their teams with better decision-making.
insightsoftware has announced extensive new capabilities to the Logi Symphony software suite to help companies quickly make data-rich application experiences that keep their customers engaged. Logi Symphony now easily embeds self-service, end-to-end business intelligence and analytics (ABI) fused with artificial intelligence (AI) into any web-based application.
Nexthink announced Nexthink Flow, a revolutionary new product that will put an end to recurring, complex IT issues and deliver continuous engineering with full-scale, start-to-finish automation for EUC teams.
Pigment has released Metric to Metric importing, a new tool for better controlling how data moves within and between applications. It also added Action widgets to card format.
At Forward VI, UiPath announced a new Integration Service Connector that gives customers access to Amazon Bedrock. This fully managed service provides access to industry-leading foundation models (FMs) via an API to build and scale generative AI applications.
UiPath also announced its platform’s latest artificial intelligence (AI) features with Autopilot, an integration of Generative AI, Specialized AI, and automation that allows any user to automate work fast using natural language.
UKG announced the public debut of UKG One View during the HR Technology Conference and Expo, where event attendees can experience the multi-country payroll solution designed to fundamentally reshape how multinational organizations fairly, accurately, and efficiently pay employees around the world.
Vanta launched Vanta AI, a new suite of tools leveraging the latest in AI and LLMs to accelerate compliance, efficiently assess vendor risk and automate security questionnaire workflows.
At the HR Tech Conference, Visier made several announcements, which included
- Visier’s vision for Systemic HR, a major shift highlighted in the opening HR Tech keynote, which speaks to a new unified HR operating model powered by connected data;
- Public preview of Vee, Visier’s Generative AI digital assistant, which democratizes access to workforce insights for managers and non-analysts;
- New Alpine by Visier PaaS capabilities, which is dramatically accelerating Visier’s Embedded business and unlocking innovations from enterprise customers preferring to build people analytics workflows and solutions;
- Visier’s official entry into the Total Rewards category with Smart Compensation solution, new Compensation Benchmarks.
Wolters Kluwer Legal & Regulatory U.S. has refreshed the interface and made enhancements to two of its key data-driven tools: the Profile Navigator and Relationship Indicator within Kluwer Arbitration.
Wolters Kluwer Health announced its Health Language Platform, a FHIR Terminology Server that will work with Microsoft Azure Health Data Services FHIR service to help customers enrich and standardize their healthcare data with medical ontologies on Microsoft Azure.
A new release of Zoho Cliq has added enterprise-centred features like eDiscovery, data retention policy and audit logs, a rich and expanding developer platform, a dedicated conference room application for smarter meetings, a newer way to host live virtual events, and the touch of AI brilliance to make work easy.
Zoho Social has added Inbox and Mastodon. Inbox is a unified messaging tool that unifies all your interactions across platforms. Mastodon is a channel integration that enables you to tailor your content to your community’s specific interests and values, thereby creating a space where everyone feels welcome.
