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Dell pays up to $100 million to acquire an Israeli cloud management company.

Dell has acquired Israeli cloud management startup Cloudify for between US$70 million and US$100 million, according to TechCrunch, citing a source fam

Dell has acquired Israeli cloud management startup Cloudify for between US$70 million and US$100 million, according to TechCrunch, citing a source familiar with the transaction. While Dell made no official announcement about the acquisition, a spokesperson for the computer maker confirmed it to TechCrunch without disclosing the monetary value. Cloudifys platform enables developers to automate the IT infrastructure setup process and make updates across multiple cloud or data centre platforms. According to Crunchbase, Cloudify has only raised approximately US$7 million since it was spun out of New Yorkbased ICT firm GigaSpaces Technologies in 2017. VMware, Intel Capital, and KPN Ventures are among the Cloudify investors. Read More..

B2B Tech News | 2 years ago        

To use tokens for the benefit of society, ValuesCo closes on $2.07 million.

Frances ValuesCo has closed on $2.7 million to develop Web3 social tokenbased community rewards ecosystems for NGOs, incentivizing campaigners to supp

Frances ValuesCo has closed on $2.7 million to develop Web3 social tokenbased community rewards ecosystems for NGOs, incentivizing campaigners to support the ESG problems they care about most. Additionally, ValuesCo is establishing a relationship with Publicis Groupe, a communications company that sees ValuesCos business model as a significant step forward for corporate social responsibility. Customers sign up to use the app, and in exchange for participating in ESG missions and rewards guided programmes, they gain social tokens that they can use to purchase prizes. Along with encouraging broader consumer acceptance of tokenization and digital wallets, ValuesCo also seeks to fill educational gaps in Web3 technology. Read More..

B2B Tech News | 2 years ago        

After El Salvadors bond payment, the IMF visit is in the spotlight.

Beginning on January 30, the International Monetary Fund IMF will travel to El Salvador. The socalled article IV inspection will evaluate the nations

Beginning on January 30, the International Monetary Fund IMF will travel to El Salvador. The socalled article IV inspection will evaluate the nations financial and economic policies. The adoption of bitcoin as legal cash in El Salvador in September 2021 effectively shut out IMF funding. The dispute with the IMF contributed to the decline in the price of Salvadoran bonds at the time. Since the Bukele administration and its majority in Congress ousted the judges on the Supreme Courts constitutional panel in 2021, El Salvador has been a target for investors. The prices of the nations bonds that mature in 2029 through 2052 all moved down on Tuesday. Salvadoran bonds currently yield between 17% and 23%, virtually cutting the Central American nation out of the market. Read More..

B2B Tech News | 2 years ago        

Transfer taxes bring in 125 billion for Nigeria.

The Federal Inland Revenue Service FIRS, Nigerias tax collection agency, recently published its 2022 report outlining its accomplishments in 2022. The

The Federal Inland Revenue Service FIRS, Nigerias tax collection agency, recently published its 2022 report outlining its accomplishments in 2022. The agency reported that it has received 10.1 trillion in oil and nonoil income, exceeding its projections for 2021. The agency exceeded its goal of 6.401 trillion by collecting 6.405 trillion in 2021. Nonoil revenue has increased since 2017, rising from 38% in 2017 to 59% in 2022. In contrast, previous years numbers showed that 69% of taxes were generated by sources other than oil. Read More..

B2B Tech News | 2 years ago        

Africas startups withstand a funding crunch.

African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown makes equity funding mo

African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown makes equity funding more expensive and unsustainable over the long term. Companies on the continent raised US$1.55billion R26.8billion in 71 debt deals in 2022, suggesting its become a solid alternative source of capital for African technology startups, venture capital firm Partech Partners said in a report. Kenya attracted more debt than any other African country, taking almost 40% of the total amount raised through 15 deals, while Nigeria received the most equity funding, getting $1.2billion — a 36% decline, compared to a year earlier, in a 189 funding rounds, the report said. Read More..

B2B Tech News | 2 years ago        

Saipem wins offshore contracts worth $900 million in Brazil and Norway.

For the LAPA Southwest development project in the Santos basin, Brazil, TotalEnergies has won the first contract. 270 kilometres off the coast of So

For the LAPA Southwest development project in the Santos basin, Brazil, TotalEnergies has won the first contract. 270 kilometres off the coast of So Paulo is where the deepwater oil field is. Saipem will carry out the contract in collaboration with Aker Solutions do Brasil. The second contract for the Irpa pipeline project in the deep seas of the Norwegian Sea has been given by the Norwegian company Equinor. The project entails laying 80 km of swagged pipeinpipe pipeline to connect the Aasta Hansteen platform to the subsea production template for the Irpa gas field. Read More..

B2B Tech News | 2 years ago        

With $608 million, Kenya leads African startups in debt funding.

According to a report by Partech Africa, 15 debt investment rounds totaling $608 million were raised by Kenyan entrepreneurs in 2022. 84% of debt fina

According to a report by Partech Africa, 15 debt investment rounds totaling $608 million were raised by Kenyan entrepreneurs in 2022. 84% of debt finance on the continent was provided by fintech 45% and cleantech 39% companies. Due to the difficulty in obtaining equity capital, many African entrepreneurs opted for debt financing. With $1.9 billion from investors on the continent, fintech continues to be the industry with the greatest funding. Growth stage funding only received $69 million, while seed stage funding received 212 million dollars. Women in Kenya and Nigeria established startups that raised $146 million and $127 million, respectively. Read More..

B2B Tech News | 2 years ago        

Argentina and Brazil Examine a Common Currency.

The feasibility of introducing a single currency for Latin America is being researched by Brazil and Argentina. According to the Financial Times, the

The feasibility of introducing a single currency for Latin America is being researched by Brazil and Argentina. According to the Financial Times, the action may eventually lead to the formation of the secondlargest currency bloc on earth. The concept will be discussed by the two nations this week at a conference in Buenos Aires. In contrast to the euros 14% share of global GDP, a monetary union would account only 5% of it. The first regional bank on the continent to introduce a standard digital currency is the Bank of Central African States BEAC. The Banks board was persuaded to move forward with the change last summer by its board. The U.S. Federal Reserve is working with a group of top commercial banks on a watershed project involving digital currencies. Read More..

B2B Tech News | 2 years ago        



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