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GLOBAL NEWS

More than €1.6 billion was invested in European tech this week, and Raylo secured a debt for £110 million

This week, we tracked over 95 tech fundraising deals worth over €1.6 billion in addition to over 15 exits, M&A transactions, rumours, and related ne

This week, we tracked over 95 tech fundraising deals worth over €1.6 billion in addition to over 15 exits, M&A transactions, rumours, and related news stories across Europe. As a paying subscriber, you are a member of the exclusive club with privileged access to our discoveries. Even though we routinely broadcast this information in realtime on Twitter and Instagram, youd find it difficult to keep up with it all the much more fun choice. Dont worry we know what were doing. Every week, we take on the responsibility so you dont have to. Read More..

B2B Tech News | 8 months ago      

RSMs revenue increases by 17% in the Middle East and North Africa.

The international accounting and consulting network RSM increased its global fee income by 15% to reach sales of nearly $8 billion in the fiscal year

The international accounting and consulting network RSM increased its global fee income by 15% to reach sales of nearly $8 billion in the fiscal year 2022, continuing its trend of doubledigit growth. Revenues in the MENA area increased by 17%. Following the unveiling of its new corporate strategy the 2030 Global Strategy, RSM has reported yet another year of exceptional performance. The accounting and consulting network targeted at middle market enterprises realised total fee income of about $8.3 billion across its operations in more than 120 countries. It is noteworthy that the windfall was generated by all geographical areas, with doubledigit increase recorded in North America, Latin America, Europe, the Middle East and North Africa, and Asia Pacific. RSMs consultancy division expanded by 10% in MENA. Read More..

B2B Tech News | 8 months ago      

For electric motor technology, Flash collaborates with GEM motors.

Flash, a leading technology supplier and electronic component manufacturer, has formed a technological partnership with GEM motors, one of Europes mos

Flash, a leading technology supplier and electronic component manufacturer, has formed a technological partnership with GEM motors, one of Europes most innovative companies specialising in the development of hightech motors for electric vehicles. The collaboration will enable Flash to produce hub motors for various EV segments ranging from 1 kW to 15 kW. The modular multiphase motor technology from GEM motors integrates all components of an electric drive system into a compact solution, simplifying vehicle electrification. Flash will also gain access to 20 global GEM motor patents and will become a global manufacturing hub. This collaboration is consistent with Flashs commitment to being a onestop solution provider for EV motors worldwide. Read More..

B2B Tech News | 8 months ago      

Germany and France plan to fight back against US green technology theft.

Prior to a visit to Washington this week, France and Germanys economy ministers will ask the US to refrain from making aggressive overtures to Europea

Prior to a visit to Washington this week, France and Germanys economy ministers will ask the US to refrain from making aggressive overtures to European companies in order to entice them to make green investments across the Atlantic. They will meet with US Treasury Secretary Janet Yellen, Trade Representative Katherine Tai, and Commerce Secretary Gina Haspel to express EU concerns about President Joe Bidens landmark climate legislation, the Inflation Reduction Act, and to advocate for improved cooperation. They will also request that the US refrain from going above and beyond that framework by actively attempting to poach EU businesses.  Read More..

B2B Tech News | 8 months ago      

Confluent introduces fresh cloud features to improve data streaming.

New Confluent Cloud capabilities that assist businesses in creating a safe shared services platform for data streaming have been released by Confluent

New Confluent Cloud capabilities that assist businesses in creating a safe shared services platform for data streaming have been released by Confluent. According to the company, the shared services architectural model enables the efficient and economical use of cloud infrastructure resources, which is crucial given the tightening financial constraints on businesses and the rapid emergence of new competitors. Confluents Client Quotas, OAuth support, and improved RoleBased Access Controls features are bundled together to offer enterpriselevel security across services and people, giving businesses a way to increase data streaming usage in a riskfree, costefficient way. According to the business, Confluent Clouds latest release streamlines the installation of this architecture by integrating identity management seamlessly, enhancing access controls, and providing exact resource use controls for an enterprisewide, multitenant implementation. Read More..

B2B Tech News | 8 months ago      

The 7th Future Enterprise Awards for Asia/Pacific and Japan are now accepting nominations, according to IDC.

According to IDC, organisational spending on digital technology will grow 8x faster than the economy in 2023, with digital products, services, and/or

According to IDC, organisational spending on digital technology will grow 8x faster than the economy in 2023, with digital products, services, and/or experiences accounting for 34.6% and 40.9% of revenue. Organizations must attract digital talent, make appropriate investments, provide seamless connectivity, improve enterprise intelligence, implement datadriven operations, establish trust, improve customer experiences, scale digital innovation, strengthen industry ecosystems, and achieve measurable business goals and outcomes in order to succeed. The Special Award for Digital Native Business DNB will honour organisations that have disrupted and transformed markets and industries through innovative products, services, and business models. Read More..

B2B Tech News | 8 months ago      

As the leader in innovative digital payments and super apps, Latin America challenges Asia.

Latin America, a developing market, is in many respects driving the global digital transformation of payments through unending innovation and novel fo

Latin America, a developing market, is in many respects driving the global digital transformation of payments through unending innovation and novel forms of collaboration. This was the conclusion of a recent chat between PayU Latam CEO Francisco Leon and PYMNTS Karen Webster. Leon stated that the platform has continued to invest in innovation in both crossborder and local payment methods, and that this is paying off despite the current economic recession. We are expanding 14 times faster than local merchants when I compare growth rates between what is occurring with crossborder merchants and local retailers, he said. Noting that Latam customers interact with eCommerce more regularly, he stated that it is the duty of payments platforms, financial institutions, and technology providers to enhance velocity. Read More..

B2B Tech News | 8 months ago      

IDC 2022 MarketScape claims Oracle Cloud EPM is a leader.

IDC MarketScape Worldwide Enterprise Planning, Budgeting and Forecasting 2022 has ranked Oracle as a Leader. The extensive and featurerich Oracle Fusi

IDC MarketScape Worldwide Enterprise Planning, Budgeting and Forecasting 2022 has ranked Oracle as a Leader. The extensive and featurerich Oracle Fusion Cloud Enterprise Performance Management EPM solution is highlighted in the research. Oracle Cloud EPMs integrated business intelligence and advanced analytics are mentioned as product strengths. Oracle has one of the most thorough product road plans, according to customers, that they have ever seen. The business claims that it frequently comes out on top in analyst rankings because of its capacity to use scenario modelling and integrated, advanced analytics to generate better decisions. Clients can benefit from a more uniform user experience and streamlined administration across various business operations thanks to it. Read More..

B2B Tech News | 8 months ago