IoT software engineering services provider Mobica was snapped up Cognizant a few weeks after Cognizant hired former Infosys veteran Ravi Kumar S as its new CEO.
Mobica’s is a Microsoft IoT edge solutions partner, is part of chipmaking vendor ARM’s partner ecosystem, and works with Apple.
The buyout will push Cognizant’s IoT-embedded software engineering capabilities and provide clients with a broader array of end-to-end support to enable digital transformation.
Reseller Prodec Networks has rebranded to TIEVA after merging with several resellers
Tech investors Fulcrum Pegasus carried out the merges with Reading-based VAR Prodec Networks in July 2022 and Northern reseller Optm UK in 2021.
CEO Mark Lee said the firm and investors Fulcrum are also eyeing further acquisitions “to continue to strengthen the company in 2023 and beyond”.
Lee hinted that TIEVA’s acquisition profile could be built up outside of the UK into Europe.
Daisy Corporate Services has appointed Kris Lee as its new Chief Financial Officer (CFO) on 1 February 2023, taking over from Paul Worthington who is leaving the business after 16 years..
Lee will work alongside the senior leadership team to help execute the company’s strategy for continued financial growth.
Lee has more than 25 years’ experience working for privately owned, private equity and public sector organisations. For the last five years, Lee was CFO for Card Factory during which time he helped the company navigate the COVID-19 pandemic, setting it up for future growth. Before that, he was Group CFO of the Edinburgh Woollen Mill for five years. Kris has also held senior finance positions across various sectors including Brighthouse, Phones4U, JD Sports, all:sports, Barclays Bank and BMI
A new study from Juniper Research has found that 5G IoT (Internet of Things) connections will reach 116 million globally by 2026; rising from just 17 million in 2023.
The study predicts that the healthcare sector and smart city services will drive this 1,100 per cent growth over the next three years.
The comprehensive research examined 5G adoption across key sectors, such as the automotive industry, mobile broadband and smart homes, and forecasts that the healthcare and smart cities market will account for over 60 per cent of 5G IoT devices by 2026.
Abacus Group has picked up Gotham Security and its parent company, GoVanguard.
Abacus wants to run Gotham Security as a subsidiary as part of its cunning plan to become a managed security services provider (MSSP).
The firm has an established reputation as a managed services provider to alternative investment firms with the ability to deliver security but wants to take that further.
Gotham can handle penetration testing, red teaming, tabletop exercises, risk and compliance gap assessments, and threat-hunting services for Abacus.
Never mind any skills gap, Vendors are firing staff who they may never see again to make a short-term cut in costs.
Google handed six per cent of its global workforce pink slips apparently to refocus on its priorities, including AI.
CEO Sundar Pichai said: “We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices.”
Pichai said the company will be reviewing its current operations in order to make the most of its early investments in AI.
Retail sales fell by a per cent in December as shoppers cut back on spending as a result of increased prices and affordability concerns.
It’s evident that rising costs are taking their toll on UK consumers, as a recent report by NerdWallet discovered that almost half of Brits admit to currently being in debt, with the cost of the living crisis being the biggest concern for 44 per cent of consumers.
A further 39 per cent of consumers currently in debt are most concerned about paying for energy bills, and 26 per cent worried about their general financial situation.
Former Palo Alto Networks chairman and CEO Mark McLaughlin to security outfit Rubrik’s board of directors.
McLaughlin is a cybersecurity veteran with more than 25 years of experience leading companies, including Verisign.
He is on the Qualcomm board of directors and will help support Rubrik as a leader in data security in his new role.
Cloudy outfit Node4 announced that Hannah Birch had joined the company as its new managing director of digital and group board member.
Her brief includes managing the MSP’s digital business and strengthening its strategic relationship with Microsoft, leveraging Node4’s recent investments.
Node4 founder and CEO, Andrew Gilbert said: ”Birch understands how to drive transformational growth strategies, creating deeper value-based relationships with clients. ”
Canon is building up its network of Business Centres with its top partners to increase the support it can offer customers.
The latest Canon Business Centres (CBCs) have been set up with Platinum Partners SOS Systems in Crawley, West Sussex, and Cantec Group in Munster, Ireland.
Canon director of B2B indirect sales Stuart Miller said the company had long-standing relationships with the partners involved in the openings.
“Cantec and SOS are two trusted partners we have been working alongside for many years and share many of the same values, including an ambition to deliver the best customer service and innovation to our customers,” he said.
“By partnering together to create these two new CBCs, we hope to deliver even stronger support to local businesses, offering award-winning solutions which will help them to grow in these challenging times,” he added.
The Canon Business Centre concept combes the expertise of a local reseller with access to the vendor’s portfolio of products and services. The model has been used elsewhere across Europe, with a network of more than 130 in operation.
Analyst outfit Gartner thinks 2023 global IT spending will be worse than expected as inflation continues to erode consumer purchasing power and shrink device budgets.
Big G expects $4.5 trillion to be spent this year, an increase of 2.4 per cent from 2022 but a dip from the previous quarter’s forecast of 5.1 per cent growth.
Software is projected to grow 9.3 per cent and IT services will grow 5.5 per cent in 2023, , according to Gartner.
The devices segment is expected to decline 5.1 per cent this year as consumers and enterprises lengthen device refresh cycles.
Distributor Midwich Group has reported solid end to last year with record results in its latest trading update for the year ended 31 December 2022.
The outfit expects record revenues for FY22 of £1.2 billion, climbing 40 per cent over the previous year.
The board of the LSE-listed company now anticipates reporting adjusted profit before tax for the 2022 period “comfortably” ahead of market consensus.
Adjusted net debt at the end of the year was under £100m (representing approximately 1.7 times adjusted EBITDA), in line with the board’s expectations. Cash generation was between 50 per cent and 60 per cent, which was also in line with the board’s expectations given the group’s strong revenue growth.
ServiceNow has made changes to its partner programme to support the $500 billion market opportunity for its Now Platform and associated partner services.
Among the changes is new Partner Development Fund, among other incentives and benefits.
ServiceNow’s partner ecosystem is critical to helping joint customers realise the value of the Now Platform. ServiceNow invests in new initiatives to facilitate and expand partners’ expertise, differentiate their skills, and maximise their unique contributions.
Company senior vice president Erica Volini said that ServiceNow partners should be treated as co-creators of value, and as co-pilots on our journey to becoming the platform for digital business.
ANS has acquired the Covid damaged Microsoft partner Preact, according to a Statement of Proposals filed this week on Companies House.
Preact called in insolvency practitioner FTS Recovery on 1 December, the long-established Microsoft Gold partner employed around 60 staff in the UK and India. The company had been doing well until Covid hit.
HMRC had threatened to wind up the Maidenhead-based outfit when it could not meet a £300,000 tax bill on 30 November.
A quarter of companies believe that their website might be costing them business, according to a new report conducted by Danebury Research.
The report, which Umbraco paid for, found more than half of survey participants said they need to extend website functionality by connecting to new technologies that enable analytics, personalisation and transactions. Almost a third report that their companies are paying for CMS features that will never be used.
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