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Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

25Jun By NitishNo Comments

ACQUISITION

Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

iPhone maker Apple has acquired San Francisco-based Fleetsmith to improve business's Mac and iPad devices. Fleetsmith automates device setup, intelligence, patching, and security, for your company's Macs, iPhones, iPads, and Apple TVs. The acquisition by Apple into the mobile device management industry, a category of business software dominated by players such as Microsoft Corp and VMware Inc. Fleetsmith announced the acquisition deal in a blog post. The deal size has not been disclosed. "Our mission from day one was to balance the needs of IT with the experience users love about Macs, iPhones, and iPads. We’re beyond thrilled to continue that work at Apple." Fleetsmith said. Founded in 2016 by Jesse Endahl, Ken Kouot, Stevie Hryciw, Zack Blum, Fleetsmith raises over $40 ...

Chinese smartphone companies change marketing strategy after Galwan Valley Clash

19Jun By NitishNo Comments

INDIA

Chinese smartphone companies change marketing strategy after Galwan Valley Clash

Kolkata, June 18, 2020: Chinese handset makers change their Indian marketing strategy after the Indian & Chinese army clash in Galwan valley. Chinese smartphone makers who command around 70 percent of the market share in India are projecting themselves as Indian brands and selling made-in- India products to ward off any possible backlash on their sales. While on the other side, South Korean brand Samsung, which is a major competitor, stands to gain if Indian consumers switch their choice on nationalistic grounds. There have been protests by the Indian people in various parts of the country after the face-off at Galwan valley in eastern Ladakh in which Indian Army personnel was killed by the PLA of China on June 15. The strategy is likely to be replicated by many handset m...

IBM acquires cloud cybersecurity management company Spanugo

16Jun By NitishNo Comments

ACQUISITION

IBM acquires cloud cybersecurity management company Spanugo

ARMONK, N.Y., June 15, 2020-- IT major IBM acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud. Late last year, IBM announced it designed the world's first financial services public cloud to help address the requirements of financial services institutions for regulatory compliance, security and resiliency. Once available, it will provide preventative and compensatory controls for financial services regulatory workloads, multi-architecture support and proactive and automated security, leveraging the industry's highest levels of encryption certification. The addition of Spanugo software will help accel...

Yatra.com terminates $337 Million merger pact with Ebix

8Jun By NitishNo Comments

BUSINESS

Yatra.com terminates $337 Million merger pact with Ebix

Online travel company Yatra Online said it is terminating pending merger agreement with the US-based software firm Ebix Inc and has filed litigation seeking substantial damages from Ebix over breaches of the agreement. Ebix Inc had signed an agreement to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for an enterprise value of USD 337.8 million (over Rs 2,300 crore) in 2019. The company, "has provided notice of termination of its pending merger agreement with Ebix Inc and filed litigation in the Court of Chancery of the State of Delaware over Ebix's breaches of the merger agreement," Yatra Online Inc said in a statement. Yatra Online Inc seeks to hold Ebix accountable for breaches of its representations, warranties and covenants in the merger agreem...

Mark Zuckerberg promises a review of facebook content policies

6Jun By NitishNo Comments

News

Mark Zuckerberg promises a review of facebook content policies

Facebook founder & CEO Mark Zuckerberg promised to review the content policies of the social media platform that led to its decision to not moderate a post by President Trump. The announcement, which came in the form of a letter to employees, appeared aimed at quelling anger inside the company that was so severe it prompted 5,500 employees to complain and third to resign. The outrage was sparked when Zuckerberg said Facebook would not remove or flag Trump's recent posts that appeared to encourage violence against those protesting police racism. “I know many of you think we should have labelled the President's posts in some way last week,” Zuckerberg wrote. “We're going to review our policies allowing discussion and threats of state use of force to see if there are any amen...

Samsung Launched ‘Hand Wash’ App for Galaxy Watch, Will remind users to wash hands

4Jun By NitishNo Comments

Tech

Samsung Launched ‘Hand Wash’ App for Galaxy Watch, Will remind users to wash hands

In order to help people get into the habit of properly washing their hands, Samsung launched a Hand Wash application for Galaxy watch users. The app is available for download on the Galaxy Store for Gear S3, Gear Sports, Galaxy Watch, Galaxy Watch Active and Galaxy Watch Active 2 users. The World Health Organization has recommended frequent washing of hands among a slew of other measures to halt the spread of Covid-19. Hand wash is considered effective only when it lasts for full 20 seconds, according to healthcare professionals. To make things easy, a small group of designers and developers from Samsung Research Institute-Bangalore, or SRI-B’s UX and wearable teams, worked round-the-clock over the last two weeks to come up with a solution that helps you keep healthy and s...

Twitter fact check controversy: President Trump threatens new regulation or shutdown

28May By NitishNo Comments

USA

Twitter fact check controversy: President Trump threatens new regulation or shutdown

Washington, May 28 (AP): President Donald Trump, the historically prolific tweeter of political barbs and blasts, threatened social media companies with new regulation or even shuttering after Twitter added fact checks to two of his tweets. He turned to his Twitter account to tweet his threats. The president can''t unilaterally regulate or close the companies, and any effort would likely require action by Congress. His administration has shelved a proposed executive order empowering the Federal Communications Commission to regulate technology companies, citing concerns it wouldn''t pass legal muster. But that didn''t stop Trump from angrily issuing strong warnings. Tech giants “silence conservative voices," he claimed on Twitter early Wednesday. “We will strongly regulate, or clo...

Ola Electric acquires Etergo, Will Launch its Electric Scooter Globally

28May By NitishNo Comments

ACQUISITION

Ola Electric acquires Etergo, Will Launch its Electric Scooter Globally

Bengaluru, 28 May 2020: Ola Electric announced the acquisition of Etergo BV, an innovative electric scooter based out of Amsterdam, the Netherlands. With this acquisition, Ola Electric has also announced its entry into the premium electric two-wheeler market, both globally and nationally. Founded in 2014, Etergo has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering at CES 2019 and Automotive Brand Contest, Germany amongst others. First revealed in 2018, the AppScooter uses swappable high energy density batteries to deliver a range up to 240km and class-leading acceleration. Electric two-wheelers are the most efficient and cleanest solution for urban mobility, which w...

BattRE Launches Affordable Connected eScooter gps:ie

22May By NitishNo Comments

Automobile

BattRE Launches Affordable Connected eScooter gps:ie

App based User Interface. Key Features – GPS Tracking, Remote Immobilizer, Secure Park, Geofencing, Driving behavior and trip reports. Key Alerts – Tow alert, Crash alert, Speeding alert,Device status and Offline alert. Price starts from around $860 (Rs. 64,990) New Delhi, May 2020: With the positive sentiment of Indian EV industry which grew by 20% in the last fiscal & witnessing a strong demand Inspite of COVID 19; BattRE Electric Mobility Pvt Ltd, a technology driven EV startup has launched BattRE gps:ie, an affordable internet connected electric scooter. BattRE has partnered with San Jose California head quartered technology company Aeris Communications with country office in Delhi NCR for this affordable connected scooter. It is a SIM card based smart vehicle and i...

Jellyfish Raises $12 Million Led by Accel, Wing Venture Capital

5May By NitishNo Comments

FUNDING

Jellyfish Raises $12 Million Led by Accel, Wing Venture Capital

BOSTON, May 5, 2020-- Jellyfish, the Engineering Management Platform, raises over $12 million from investors including Accel and Wing Venture Capital. The company has experienced tremendous growth following a worldwide movement to remote work. Revenues have grown over 90% already, and the company is on pace to triple its customer base in 2020. This continued momentum speaks to a significant market need for engineering leaders to have better visibility, drive strategic alignment, and improve performance as more organizations move to remote and distributed workplaces. Jellyfish is the brainchild of Andrew Lau, David Gourley, and Phil Braden, former engineering and product leaders who faced the challenges of managing growing teams and aligning their work with the strategic di...

4May By NitishNo Comments

FUNDING

Stash Raises $80 Million funding from LendingTree

CHARLOTTE, N.C., May 4th, 2020-- LendingTree, a leading online financial services marketplace has made a strategic investment in one of the fastest-growing banking and investing services in the US known as Stash. The investment from LendingTree is part of Stash's Series F funding, which includes funds and accounts advised by T. Rowe Price Associates, Inc. as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and other investors. Since its launch in 2015, Stash has helped over 4.5 million Americans take control of their finances, avoid fees, and achieve their financial goals. Stash offers all-in-one subscriptions that prioritize affordability, accessibility, education and simplicity, and include personal investment accounts, Traditional and Roth...

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio

4May By NitishNo Comments

ACQUISITION

US Firm Silver Lake Acquire 1 Percent Stake in Reliance Jio

After Facebook, US-based leading global tech investor Silver Lake acquire 1.15 percent stake in India's leading telecom arm Jio for $750 Million. The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 percent stake in Jio Platforms. The investment is at a premium of 12.5 percent to the Facebook deal. The Facebook and Silverlake investment would value Reliance Jio at around $65 billion. Reliance Jio have around 340 Million users in India, "This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 percent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.