Enterprise IT

“The acquisition of HaCon will enable us to enter a completely new business area that complements our current portfolio, expanding it to include timetable scheduling as well as trip planning by passengers,” said Jochen Eickholt, CEO of Siemens’ Mobility Division. (Photo/Siemen)

Siemens to acquire tech logistics firm HaCon

German conglomerate Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.
Retailers and tech industry players are investing in AI and creating opportunities that will disrupt incumbents, says Frost & Sullivan. (Photo/Agency)

Artificial Intelligence to boost retail industry: Frost & Sullivan

Artificial Intelligence applications like chat bots, marketing, and supply chain optimization will help strengthen customer relationships and create growth opportunities for retail industry said Frost & Sullivan.
Pichai was named Google CEO during the company’s reorganisation in August 2015. Larry Page, Google’s co-founder, and previous CEO shifted his focus to growing new businesses under the Alphabet umbrella. (Photo/Maurizio)

Google CEO Sundar Pichai paid nearly 1285 crore as compensation in 2016

Google CEO Sunder Pichai received nearly $200 million in compensation in 2016 which is double the amount he got in 2015. Pichai was paid a salary of $650,000 in 2016 and stock award of $198.7 million in 2016.
Huawei said that this recognition is significant because it means CarbonData will become one of the standard data formats in the domain. (Photo/Agency)

Huawei-contributed CarbonData program graduates from Apache Incubator

Huawei started up its CarbonData program back in 2013 and donated it to the Apache Community in 2015. In June 2016, CarbonData was unanimously voted into the Apache Incubator.
One of the biggest contribution of Genyo Takeda at Nintendo was to introduce batteries for the RAM in NES cartridges. As this allowed the save data to survive each time the console was turned off. (Photo/Agency)

Nintendo first game designer Genyo Takeda to retire in June 2017

Genyo Takeda who was one of the lead developers on the Wii console will be replaced by Ko Shiota who would take over his role in June 2017.
AMPLIFY will be offered as a cloud- based service in three levels, along with Xavient’s other predictive analytic services. (Photo/Xavient )

Xavient launches Artificial Intelligence platform AMPLIFY

Xavient Artificial Intelligence platform AMPLIFY leverages AI and Analytics to bolster prediction, recommendation, and customer experience.
Through this program, a 10+2 student will gain skills to do a software engineer job with HCL and also enroll into Masters in IT program. (Photo/HCL)

HCL launches TechBee, an early career training program in Madurai

Indian IT major HCL has launched TechBee, an HCL early career training program in Madurai. The program is aimed to provide software engineering jobs to bright 10+2 students, said HCL.
The Karlovac facility in Croatia is the latest location across 16 regions in Europe which Infosys has opened for client servicing. (Photo/Agency)

Infosys opens a new delivery center in Croatia

Indian IT major Infosys Eastern Europe new facility will provide research and development service delivery and engineering services capabilities across Nordic region.
“We have maintained our record of growth for the fifth year. We continue to see a general trajectory of Enterprise clients moving towards a single-window service provider for execution of their critical IT transformation projects,” said Raju Vegesna, Chairman. (Photo/Agency)

Sify revenues jump 23% to ₹18432 mn for FY 2016-17

For Sify Technologies, revenue for the year ended March 31, 2017 was ₹18432 million, an increase of 23% over last year. EBITDA for the year was ₹2570 million, an increase of 5% over last year.
“We have been making significant investments to form partnerships, build solutions and accelerators, as well as frameworks for enterprises to become software-driven. Recent partnerships with USAA and Partners HealthCare are examples of our strategy in action,” said Anand Deshpande, Chairman and Managing Director, Persistent Systems. (Photo/Agency)

Persistent System report 24.5% revenue growth for FY17

Persistent System reported 24.5% revenue growth for FY17 and has recommended final dividend of ₹3 per share. Company announced its audited financial results for the fourth quarter ended March 31, 2017 on Tuesday.
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