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Showing posts from January, 2019

Insurtech startup Kruzr raises $1.3 Million from Saama Capital and Better Capital

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InsurTech startup Kruzr has raised 1.3 Million USD (Rs. 9.5 Cr) for its seed round led by Saama Capital with participation from Better Capital. Kruzr is a preventive motor insurance technology which helps insurance companies personalize policy premiums & improve their risk model by delivering an engaging preventative driving assistant to their customers. Kruzr is founded by Pallav Singh, Ayan, and Jasmeet Singh Sethi.

Kruzr blends the power of voice technology and artificial intelligence in its personal driving assistant that helps drivers minimize mobile distractions, drowsy driving, speeding and external risks like weather and accident-prone zones. In pilots with insurers, Kruzr managed to cut down distracted driving by 80%. Kruzr is working with motor insurance companies in Europe, UK and India to bring its technology to their customers to prevent accidents & improve claims.

“Road accidents cause over 1.3 million deaths globally every year, and motor insurance companies los…

Cigniti Consolidated Q3FY19 Net Profit at Rs 28.79 Cr as against Q3FY18 Net Profit of Rs 8.25 Cr

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Cigniti Technologies Limited announced the consolidated financial results for the third quarter ended December 31, 2018.
The company’s Net Profit for Q3FY19 stood at Rs 28.79 crore as against Net Profit of Rs 8.25 crore in Q3FY18.
The Company’s Revenue from operations for the quarter under consideration stood at Rs 209.97 crore as against Rs 177.13 crore in Q3FY18.
EBIDTA for the December quarter was at Rs 38.70 crore and EBIDTA margin stood at 18.4%.
Other income includes Net foreign exchange loss of Rs. 5.87 Cr. for the quarter ended December 31, 2018 respectively (net foreign exchange gain of Rs. 6.84 Cr. for the quarter ended September 30, 2018) and Export incentive Rs. 12.69 Cr. pertaining to the period from April 2015 to March 31, 2018 recognized in the previous quarter based on the duty scrips grant received.
PAT excluding other income is at Rs. 34.66 crore for the quarter ended December 31, 2018 as against Rs. 30.00 crore for the quarter ended September 30, 2018; an increase …

HDFC suffers a major DDoS attack

HDFC Bank today suffered a major distributed denial of service (DDoS) attack barring users from accessing the online and banking services. Hackers took over the service earlier in the day by launching unprecedented traffic. Users faced difficulties in logging into their accounts.It is yet to seen how the bank has suffered or whether a data breach has also taken place.This isn't the first time when the bank has suffered problems regarding it's online banking services. Earlier last month the app upgrade resulted in sooing away customers due to a poorly crafted app. As a result the bank had to shift back to the old version of its banking app.

HashedIn to host a first-of-its-kind XaaS Conference in Bangalore

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HashedIn, a global Product Development Service company is hosting the XaaS Conference. Touted to be a first of its kind, the conference is being held on February 1st, 2019 in Bengaluru. The event will be held at Aloft, Cessna Business Park, Bellandur, Bengaluru where over 100 XaaS decision makers curated from across the city are expected to participate.
The XaaS conference will feature sessions on XaaS tenets for the achievement of business objectives and solutions that can be used to develop XaaS. It will bring together some of the best minds in the XaaS ecosystem who will share their stories. The conference aims to help business decision makers leverage the growing XaaS ecosystem through new connects, partnerships and knowledge sharing.
The cloud-based on-demand services category has evolved into everything-as-a-service (XaaS) from its origins of SaaS. XaaS has transformed industries making them more efficient and optimal in resources utilization. With tangible benefits of XaaS obse…

Symantec Boasts Advanced Protection and Hardening Capabilities with Complete Endpoint Defense

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Symantec Corp. announced new innovations and enhancements to its endpoint security portfolio designed to defend against the most sophisticated cyber attacks through advanced endpoint protection and hardening capabilities. These new offerings will help customers reduce the endpoint attack surface by allowing only known good applications to run, enhancing application discovery and risk assessment, and preventing stealthy attacks.
Traditional endpoint security is effective at stopping malware, but sophisticated attackers are increasingly taking advantage of the complexity of endpoint environments, exploiting gaps to discover new paths to lucrative targets.
“The diversity and complexity of today’s heterogeneous endpoint environment creates multiple opportunities for cyber-attacks,” said Fernando Montenegro, Senior Analyst - Information Security, 451 Research. “The deployment of endpoint security software that brings together not only prevention and EDR, but also hardening technologies to…

Amazon India’s Chandramouli Godhandaraman Joins Hiver as Head of Engineering

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Bengaluru-based SaaS platform Hiver, an email collaboration tool for teams, announced the appointment of Chandramouli Godhandaraman as its Head of Engineering. In this role, he will be responsible for driving the company's technology strategy and building Hiver's next generation suite of products. He joins Hiver from Amazon India.

Chandra will work closely with founders Nitesh Nandy and Niraj Ranjan Rout in building up and scaling the company's fast-growing technology team. He brings over 14 years of in-depth domain knowledge and technical proficiency to Hiver.
Most recently, Chandra was a lead Program Manager for Amazon Prime India. His accomplishments include managing Amazon Prime’s technical direction and spearheading major releases in areas such as Prime Monthly subscription and enabling Standing Instructions setup for Prime Annual subscription.

Prior to Amazon, he has worked on key product solutions with leading tech companies such as Hewlett Packard Enterprise and A…

Kodak Alaris and Newgen Announce Global Strategic Alliance to Enable Digital Workplace Solutions

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Kodak Alaris and Newgen Software Technologies Limited have announced a new global strategic alliance that will provide their customers and channel partners with access to best-in-class solutions to help organizations drive digital business. Under the agreement, Newgen and Kodak Alaris will expand, connect and grow their network by jointly recruiting partners with similar profiles to help sell their solutions. Kodak Alaris scanners are now included on the Newgen certified document scanner list. 

The alliance is expected to generate new business opportunities for channel partners that work with Alaris and Newgen across geographies, vertical markets, and applications. It positions Alaris and Newgen as partners of choice for customers around the world looking to leverage the power of their information, reduce cost, save time and optimize business processes.  
Through its comprehensive scanner portfolio, scalable capture software solutions and expert managed and professional services, Kod…

Bosch partners with MTU Friedrichshafen to accelerate MTU’s digital transformation journey

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Robert Bosch Engineering and Business Solutions (RBEI) unveiled the first of its kind Digital Acceleration Centre for MTU Friedrichshafen.  The culmination of a long-standing partnership, this new initiative will greatly enhance MTU’s digital journey so that it can address the market with speed, agility and scalability.

The vision of MTU, a core unit of Rolls-Royce Power Systems, one of the world’s leading manufacturers of large diesel and gas engines and complete propulsion and power generation systems, is to create a human centred approach to delivering the best possible user experience. “In our MTU digital journey Bosch is one of our most important strategic partners. Bosch is supporting us across our digital challenges – in IT, Internet of Things (IoT) and the development of applications. We have a great experience with our relationship,” said Jürgen Winterholler, Vice President Digital Solutions at MTU. In addition, to compliment the digital journey, Bosch will also set up exclu…

Think Big urges the 10X Scale Up Conclave

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Established in 1954, the Bombay Management Association popularly known by the acronym BMA; is one of India’s leading managerial communities striving for managerial excellence in business and corporate management. To commemorate the 65 years of BMA, it came up with a slew of new initiatives which included the ‘The 10X Scale-Up Conclave’.

Speaking on the occasion Dr Murtuza H. Khorakiwala, President, BMA; Managing Director, Wockhardt Ltd said “The 10X Conclave by BMA will be an intra-industry effort to support entrepreneurial innovation in India. The daylong session is moderated with a vision to connect Indian entrepreneurs to a supportive ecosystem of customers, funding partners and mentors.” Adding to this Mr Rakesh Kumar Mehra, Chairman, 10X Scale Conclave and Group Advisor, Bulk MRO in his inaugural address said; “The conclave is a pioneering thought by BMA designed for companies ranging from start-ups to SMEs seeking to grow, buy and raise further capital in their journey to large…

Cognizant Celebrates 25 Years of Innovation and Growth

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Cognizant marks 25 years of innovation, growth and success as a trusted partner and guide to clients around the world as they’ve moved from the mainframe-era to building end-to-end digital businesses.  To commemorate this milestone anniversary, Cognizant executives and employees will take part in Nasdaq market opening bell ceremonies in New York City and Chennai, India.

Over its first 25 years, Cognizant has succeeded by successfully identifying emerging client needs, responding with new capabilities and scaling them into growth opportunities.  Sensing and responding to market needs enabled the company to grow from a 200-person information technology firm focused on software development and maintenance in 1994 to a Fortune 200 company and a digital leader employing more than 270,000 worldwide today. 

“When I look back on the last quarter century my greatest source of pride and satisfaction is the inherent importance of the work Cognizant does to help solve some of the world’s most com…

SHAREit claims the Numero Uno spot as the most downloaded tool app in India in 2018

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In a report launched by App Annie, the global provider for mobile data and analytics, SHAREit has emerged as the most downloaded tool app in India. It was also ranked as the application with the third most active monthly user base in India, next only to WhatsApp and Facebook.

SHAREit currently has more than 400 Mn users in India who have installed the application. Out of these over 200 Mn are our monthly active users.

The report also mentions SHAREit amongst the top 5 applications downloaded in India across categories. This huge feat was achieved by SHAREit by deeply understanding the Indian internet user’s behavior as well as their demands. Basis their findings and with the digital revolution taking over, SHAREit started its journey into content by partnering with local Indian content providers.

The application which started as a content sharing application, is now amongst the leading content discovery, consumption, and sharing platforms in the country. Via strategic partnerships wi…

TechnoBind Empowers Partners on Future of Identity & Data Protection Solutions

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TechnoBind recently conducted 2 city partner's meet in Mumbai & New Delhi. Attended by over 70+ channel partners, the event was targeted to educate and help partners capitalize on future opportunities in enterprise security space.

Being a distributor for Gemalto's range of solutions since 3 years, TechnoBind has delivered exponential growth in the Indian market. With major customer wins in BFSI, Telecom and Government sector, the company is poised to help partners leverage the market opportunities. Explaining the importance of personal data protection, Harikrishna Prabhu - Director at TechnoBind says, "Data is the new oil and securing/protecting it is the need of the hour. Even, Indian government has taken the initiative by introducing Personal Data Protection (PDP) bill. The bill is expected to come into action in June and will be applied to both government and private entities. It's the most prominent step towards protecting personal data. We at TechnoBind enco…

VDW boasts comprehensive service package for EMO Hannover 2019

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EMO Hannover 2019 will take place from 16 to 21 September. It is organized by VDW (Verein Deutscher Werkzeugmaschinenfabriken), Frankfurt am Main, Germany, on behalf of the European Machine Tool Association Cecimo from Brussels, Belgium, and in cooperation with Deutsche Messe AG, Hanover, Germany. The VDW is the spokesman for the German machine tool industry and one of the few industry associations to organise international trade fairs on its own behalf for the industry it represents. It has many years of experience in this field. The seal of quality "A VDW trade fair" has developed into a trademark for successful events. In addition to EMO Hannover, this also includes the METAV in Düsseldorf, the international trade fair for technologies in metalworking (next date: 10 to 13 March 2020).

The VDW, together with the German Machine Tool and Manufacturing Systems Association (Fachverband Werkzeugmaschinen und Fertigungssysteme) within VDMA (Verband Deutscher Maschinen und Anlag…

NEC Technologies India ties-up with Amity University to offer training program in Japanese language

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Amity University, Haryana and NEC Technologies India announced the launch of a joint training program in Japanese language, culture and Japanese business practices for Amity University students. NEC Japanese Language Academy (NJLA), the language and intercultural training academy of NECTI, will facilitate the training program. Over 200 students are expected to be trained under this program. An MoU was signed by Mr. Piyush Sinha, Deputy Managing Director, NECTI and Prof (Dr) Padmakali Banerjee, Pro Vice Chancellor and Dean Academics, Director Amity Business School, in the presence of key officials and dignitaries such as Prof Ashok Tiku, Head, Amity School of Languages, Mrs. Reena Nigam, Head, Amity Skills Institute, Mrs. Archana Tiwary, Assistant Professor, Amity School of languages.
Under this agreement, NECTI will act as a skill development training partner of Amity School of Languages and assist the university in providing Japanese language training and skill-based knowledge train…

Infosys Positioned as a Leader by ISG in Provider Lens Quadrant Report for Data Analytics Services and Solutions 2019

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Infosys  has been ranked as Leader by ISG Provider Lens study on Data and Analytics Services 2019 in the Data Driven Business Model Category, US region. The report highlights Infosys’ ability to rapidly analyze large data reserves in an agile manner and its intelligent data storage capabilities.

The report evaluated 50 data analytics providers in the U.S. to understand, analyze and evaluate various platforms and services under the data analytics umbrella, and how they are being adopted by organizations to overcome digital challenges.

Infosys, through its 100X blueprint, has a strong value proposition for bringing together a large pool of data scientists with the right mix of domain, technology and data science skills. The 100x blueprint, which brings business and IT together with a focus on speed, scale and business value, has 400 software assets, reusable models and industry solutions.

Infosys has been acknowledged as a leader in data-driven business model transformation category th…

How New Software Updates Are Leading The Way For PCB Design

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Over the years, PCB design software has had some major improvements with companies focusing on what designers need most. Some of these improvements include the addition of things like 3D design and simulations. The companies who are updating their software with these new features are leading the way for PCB design and improving the whole process. Find out more about this in the article below.
3D Design One of the most interesting and beneficial features that have recently been added to some of the best PCB design software packages like Altium is 3D design features. These special features allow designers to view their design from many different angles and get a better idea of what they have created. On top of this, the circuit can be edited in the 3D view meaning that any changes can be seen in real time and a better overview of the circuit can be seen. Software packages with 3D views are quickly becoming some of the most popular on the market.
Improved User Interface The user interface …

How the Power of Partnerships is Delivering Business Value in a World of Data Complexity

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By: Claude Schuck, regional manager for Middle East & Central Africa at Veeam

The power of partnerships has become very clear in the digitally disrupted world. Businesses in a whole host of sectors are busily working with technology providers to create innovative and exciting propositions, using the newest technologies. Some partnerships deliver much needed technical expertise, such as Audi working with Huawei on its connected car.

Collaborations can also be surprising but despite this stand the test of time, Hewlett-Packard and Disney partnership goes back to when the way back to when Mr. Hewlett, Mr. Packard and Mr. Disney were still involved in the main decisions of their respective companies. Despite coming from entirely different industries, their collaboration has allowed both organisations to continually innovate.

By contrast, software companies themselves have historically believed that the value of their organisation lies in the software itself, often preferring to go it …

Over half of PC software is out-of-date, putting users at risk: Report

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Avast revealed that more than half (55%) of PC applications installed worldwide are out-of-date, making PC users and their personal data vulnerable to security risks. Avast’s PC Trends Report 2019 found that users are making themselves vulnerable to hackers by not implementing security patches and keeping outdated versions of popular applications on their PCs. The applications where updates are most frequently neglected include Adobe Shockwave (96%), VLC Media Player (94%) and Skype (94%).

The report, which uses anonymized and aggregated data from 163 million devices across the globe, also found that Windows 10 is now installed on 40% of all PCs globally, which is fast approaching the 43% share held by Windows 7. However, almost one in six (15%) of all Windows 7 users and one in ten (9%) of all Windows 10 users worldwide are running older and no longer supported versions of their product, for example, the Windows 7 Release to Manufacturing version from 2009 or the Windows 10 Spring C…

Security Ratings Critical to Addressing Society's Cybersecurity Challenges

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BitSight announced that the company finished 2018 with more than 1,500 customers, a suite of market-leading innovative products and services, and the most productive security ratings platform in the world. "With key personnel and significant financial resources in place, BitSight is prepared in 2019 to help global customers in all sectors address critical cyber risk challenges," said Tom Turner, CEO of BitSight.

2018 presented significant cyber risk management challenges for global organisations and their stakeholders. Cyber-attacks -- many successful through infiltration of third-party contractors, vendors, and suppliers -- caused material financial and reputational harm to organisations, as well as operational disruption. New regulations -- GDPR, NYDFS, and others -- highlighted the critical role that executives and Boards play in overseeing cyber risk and the importance of building robust third-party cyber risk management programs. These trends will continue in 2019 and …

VCB Kenya goes live with Corporate Banking Solution Powered by i-exceed’s Appzillon

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Victoria Commercial Bank (VCB), Kenya has gone live with an Appzillon based omni-channel corporate banking solution to cater to the ever dynamic needs of their tech savvy corporate clients. VCB selected i-exceed over several other vendors due to its proven expertise in delivering digital banking solutions globally and strong technical capabilities. The application will be made available on mobile, Internet, SMS, and USSD channels.

VCB Kenya wanted a solution to address everyday needs of their clients while being future ready at the same time. Appzillon Digital Banking is a one-stop solution that makes the best use of technology to create delightful banking experiences. It leverages the technical prowess of Appzillon Digital Experience Platform, an award winning omni-channel low-code application development platform that featured in Gartner’s Magic Quadrant and Forrester’s Wave reports. Appzillon Digital Banking ranked #2 in IBS Intelligence's Sales League Table 2018 and 2017 for …

PTron launches Tangent Pro- The flexible neckband Bluetooth earphones

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With new year comes the new hustle of everyday activities and the latest addition to the PTron audio products, Tangent Pro neckband will just make the hustle easier and more fun.

Taking consumer feedback into consideration, Tangent Pro is the all new in-ear headphones with an ultra-flexible high-quality neckband. It rests on user’s neck with adjustable length feature which ensures they enjoy listening to the favourite playlist or podcast or simply talk while working, jogging or travelling.

When not in use, the magnetic attraction of the light weight earbuds locks them together like a necklace and hangs around the neck. This will save you the effort of carrying it, untangling it and preventing it from falling.

Additionally, the earphones have an in-built mic with multifunction buttons on the neckband allowing users to control volume, play, pause, play previous or next track in videos and music, answer or disconnect calls, providing a hands-free convenient experience.

What will amaze al…

RuPay associates with Pro Volleyball League as a Title sponsor: RuPay Pro Volleyball League

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RuPay, the flagship product of National Payments Corporation of India, acquired the title sponsorship rights of India’s newest franchise-based sports league, the Pro Volleyball League, that is set to start on 2nd February. Conceived to fulfil the vision of the Reserve Bank of India (RBI) of offering a domestic card payment system to all banks and financial institutions in India, RuPay will be the league’s Title sponsor that takes off with six franchises from six different cities.

An initiative of Baseline Ventures and Volleyball Federation of India, the league will now be called the RuPay Pro Volleyball League in its first season. Expressing his delight on this association, SVP – Marketing, NPCI, Mr. Kunal Kalawatia said “RuPay, is the preferred card for 60cr Indians and 1100+ banks issue a RuPay Card today. Volleyball is a great team sport and already played across the length and breadth of the country. Like RuPay powering the Digital payments initiative, we believe that Pro Volleyba…

EdgeVerve Systems Launches AssistEdge Discover to Unlock the True Value of Automation

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EdgeVerve Systems, a subsidiary of Infosys, announced the launch of AssistEdge Discover, a tool aimed at increasing the success rate of automation implementations at the enterprise level through process discovery. AssistEdge Discover automates processes sans human bias that often times lead to automation implementation failure.

Forrester reports that robotic process automation (RPA) will grow to a $2.9 billion market in 2021, bringing it to the forefront of enterprise digital transformation. However, over half of enterprise automation implementations still fail when business processes are not properly understood and manual knowledge is relied upon for process execution. At an enterprise level, this becomes increasingly challenging as the amount of data and number of steps in each process increase. By eliminating human bias and reducing manual process discovery, AssistEdge Discover can help an enterprise realize the full value of automation and enable collaboration, effective change m…

Aruna Sundararajan Adjudged the Digital Woman of the Year

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Aruna Sundararajan, Secretary, Dept of Telecom, Govt of India, was adjudged as the Digital Woman of the Year along with Falguni Nayar from Nykaa, while film director Karan Johar was adjudged as the Social Media Person of the Year at the 9th India Digital Awards presented by IAMAI.

The winners of the 9th India Digital Awards coinciding with the 13th India Digital Summit, 2019, were announced at a glittering awards function today. The awards, this year had 8 Categorie. The categories were Digital Advertising, Digital Content, Social Media, Mobile and App Award, Payment and Fintech Awards, Technology Awards, Digital Social and Economic Empowerment Awards, and Special Awards.

Interactive Avenues won the Digital Agency of the Year, while the coveted Digital Person of the year went to Byju Raveendran. Udaan won the Digital Start-up of the year. 

GroupM Media India won the silver for Digital Agency of the Year, while Columbus India (SVG Media) won the bronze.

Winners of 9th India Digital Awar…