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TikTok's parent company ByteDance is facing increased pressure to cut ties with the viral video app, as President Donald Trump has threatened to ban TikTok unless ByteDance divests. Microsoft is in talks to buy TikTok's operations in the US, Canada, Australia, and New Zealand, and says it expects to reach a conclusion by September 15th. Of course, TikTok could also find another buyer. If the talks fall through by that date, Trump has said he would ban the app. If the companies make a deal, the acquisition will be complicated, but Microsoft is less likely to face roadblocks from the Trump administration and antitrust regulators in the process. Here's what we know about why Microsoft is the most likely buyer, what happens to TikTok if it goes through, and other questions you may have about the deal-in-progress. Visit Business Insider's homepage for more stories. The word is out: Microsoft is exploring a deal to viral video app TikTok's operations in several countries including the US as its Chinese parent company ByteDance faces increasing pressure from the Trump administration. News broke Friday President Donald Trump was planning to order ByteDance to divest its stake. Soon after, reports emerged Microsoft was an interested suitor, followed by confirmation from the company itself. Now, ByteDance and Microsoft will have until September 15 to reach a deal — at which point Trump says he will take action to ban the app in the US entirely (though it's not clear how, exactly, he'd do that).  The deal raises a lot of questions, not all of which have readily-apparent answers.  Here's what we know about the deal so far: Why is Microsoft the most likely buyer? First and foremost, while Microsoft is widely considered the leading candidate to buy TikTok, and the only one that has publicly stated its interest, nothing has yet been set in stone and another company could still come in and snap it up. Rumors of other interested parties include Google, Facebook, and Apple — the last of which has since denied such reports. It's still unclear how the talks between Microsoft and TikTok began, but there are several serendipitous factors at play that could give the tech titan an edge in these talks. Only a handful of companies could afford to acquire TikTok in the first place. The app as a whole is said to be worth between $30 billion and $50 billion. However, Microsoft is apparently only bidding for a portion of TikTok's business — specifically, its operations in US, Canada, Australia, and New Zealand.  Given that the TikTok deal is only for a relatively narrow slice of the business, Microsoft — or any other buyer — is likely to pay less than those figures, especially since ByteDance is also likely feeling the heat from Trump to sell by the September 15 deadline. While the US is one of TikTok's biggest markets, users in the four countries in question only comprised 10.3% of TikTok downloads in the last 30 days, according to data provided to Business Insider by app analytics firm Sensor Tower. In fact, CNBC reported Wednesday the TikTok deal could be worth between $10 billion and $30 billion. CBNC also reported Microsoft has agreed to bring TikTok's code to the US from China within a year, an engineering feat that would be out of reach for most other companies. And of the deep-pocketed tech giants, Microsoft is perhaps the least likely to face any political consequences or regulatory blowback on the deal, given how it's largely managed to stay above the fray when it comes to disputes between Big Tech and the Trump administration. To that point, Microsoft, the second-most valuable tech company in the world was notably absent last week when CEOs of Apple, Amazon, Facebook, and Google testified before Congress about how their market dominance and business practices might harm competition. That lack of scrutiny might mean Microsoft could get the deal done with minimal antitrust roadblocks to overcome.  Meanwhile, there are important links between Microsoft and TikTok. ByteDance founder Yiming Zhang did a brief stint at Microsoft, but perhaps more significant is that TikTok's Global General Counsel Erich Andersen, who just joined the company this year, is a 25-year Microsoft veteran who worked closely under the company's president and chief legal officer, Brad Smith. What Microsoft plans to do with TikTok is still the source of speculation, especially given CEO Satya Nadella's historic focus on cloud computing and productivity. However, analysts recently told Business Insider the acquisition could be an opportunistic play for Microsoft to bolster its consumer business and gain favor among younger generations. What exactly would Microsoft get for its money?   In a statement about its discussions with ByteDance, Microsoft said a "preliminary proposal" for the deal would see the company buy TikTok's operations in the US, Canada, Australia, and New Zealand. Microsoft would own and operate TikTok in those countries, although the company said it may invite other American investors to acquire minority stakes in its portion of the business. But a complete divorce between ByteDance and TikTok would likely also apply to its employees and internal operations, presenting a complex challenge for the buyer.  According to The Information, ByteDance engineers based in China are responsible for the underlying software and infrastructure across the company's more than two dozen apps, including TikTok. The few US-based engineers TikTok has hired report to senior executives in China, as do some managers working on TikTok's US ad business. Whoever buys up TikTok will be tasked not only with bridging those technological gaps, but with filling the gaps that could open up in TikTok's workforce. It could take TikTok at least to half a year to hire the hundreds of employees they need to replace, the Information estimates. In any case, the terms of the deal will be subject to approval from CFIUS and Trump. What is CFIUS, and why is it investigating TikTok in the first place? Lawmakers have long raised concerns over the connection between ByteDance and China, and whether the Chinese government can access user data or influence content moderation. A formal national security review of the app was launched in November 2019 by the Committee on Foreign Investment in the United States — better known as CFIUS (pronounced "siff-ee-yuss). CFIUS, an interagency body under the government's executive arm, is tasked with investigating the transactions of American companies that involve foreign businesses for potential national security risks. The US Department of the Treasury earlier this year published new regulations intended to strengthen the committee's ability to address national security concerns. The relevant CFIUS review focuses on ByteDance's 2017 acquisition of Musical.ly, a popular US-based social network that preceded TikTok and was later merged into TikTok in the US. The US government argues it has jurisdiction over the deal because ByteDance didn't get approval from CFIUS at the time of the Musical.ly acquisition. There are some notable instances where Chinese companies sold their stakes in US companies following a CFIUS investigation. Earlier this year, Chinese company Kunlun sold LGBTQ dating app Grindr for $608.5 million after CFIUS said its ownership of the company was a security risk. In 2019, CFIUS required online health startup PatientsLikeMe to find another buyer for the majority stake it sold to a Chinese company called iCarbonX. Microsoft and ByteDance informed the committee they plan to explore a deal involving Microsoft's purchase of TikTok's operations in the US, Canada, Australia, and New Zealand. Microsoft said it may invite other American investors to acquire a minority stake in TikTok. What happens if CFIUS approves a TikTok acquisition? Trump has given ByteDance a deadline of September 15 to hammer out a deal in which TikTok's US operations are sold — whether that buyer is Microsoft or somebody else. If a deal isn't reached by that date, Trump has said that he will act to ban the TikTok app entirely in the United States (though it isn't clear how he would accomplish that). If ByteDance reaches a deal, it will go through another CFIUS review and, concurrently, a Justice Department antitrust review. That review is expected to be a quick process, unless a direct TikTok competitor like Facebook, Google, or Snap are involved, according to experts consulted by Business Insider. But even if CFIUS approves a TikTok acquisition, it's unclear how Trump will respond. Trump initially disproved of such a sale, and insisted on pushing for a complete ban of the app in the US. However, Trump's stance has apparently since softened: He told reporters Monday he would approve of such a deal to acquire TikTok's US operations. What happens if TikTok's sale falls apart? Trump hasn't completely let go of choosing the nuclear option by enacting an outright ban of TikTok in the US. Trump told reporters Monday he would give ByteDance until September 15 to hammer out a deal with a US buyer — or he would ban TikTok in the country entirely. If discussions with Microsoft were to fall through, however, it's unlikely TikTok would struggle to find another interested buyer. Despite the political firestorm around it, TikTok is one of the hottest and most influential platforms in the social sphere, with a reported 100 million monthly users in the US. However, any other buyer would likely be not as well-equipped as Microsoft to face the Trump administration's concerns over the deal. A group of ByteDance's US investors expressed early interest in buying a majority stake in TikTok, but those talks are said to have fallen apart over concerns that such a takeover "wouldn't pass muster with the Trump administration." Can Trump ban TikTok in the US? A US-wide ban on a smartphone app would be an unprecedented move. Despite Trump's repeated claims he's pursuing an outright ban, it remains unclear what power or authority he has to do so, experts told Business Insider.  "He can't outright 'ban' TikTok itself," Kyle Langvardt, a law professor at the University of Detroit, told Business Insider. "But he can interfere so heavily with TikTok's business that an American TikTok clone will replace it." Additionally, TikTok's classification as "software" could mean the platform is covered by the First Amendment, making a ban a violation of American's freedom of speech. "Banning" an app is a complex process: Even if the US government could get TikTok removed from Google and Apple's smartphone app stores, there are millions of users who already have the app on their phone.  The Verge's Adi Robertson reports a more intense nationwide ban would have to happen at the "network level" by blocking communication between TikTok servers and US users. This is the same method the Chinese government uses to block popular platforms, like Facebook and Google, behind its "Great Firewall" of internet censorship. All of that combined would make a full ban of TikTok a tall order. Are you a Microsoft employee with insight to share? Contact reporter Ashley Stewart via encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]). Are you a TikTok or ByteDance employee? Contact reporter Paige Leskin at [email protected] using a non-work device. Open DMs on Twitter @paigeleskin.SEE ALSO: Inside the rise of TikTok, the viral video-sharing app that Trump is trying to order its Chinese parent to sell Join the conversation about this story » NOW WATCH: Why electric planes haven't taken off yet
According to research report "Cloud Enterprise Content Management Market by Solution (Document Management, Case Management, Workflow Management, Record Management, and E-Discovery), Service, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022", The cloud Enterprise Content Management (ECM) market size is estimated to grow from USD 9.77 Billion in 2017 to USD 34.42 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period.Browse 63 market data tables and 34 figures spread through 136 pages and in-depth TOC on "Cloud Enterprise Content Management Market - Global Forecast to 2022"Early buyers will receive 10% customization on reports.The demand for cloud ECM is driven by factors, such as exponential growth in digital content across enterprises, easier access from remote end-points, and protection of enterprise data against disaster.With the increase in the adoption rate of cloud computing among enterprises, the cloud ECM market is expected to gain a major traction during the forecast period.Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20750857The document management solution segment is expected to contribute the largest market shareOn the basis of solutions, the document management segment is expected to hold the largest market share.The right information available at the right time from the right source can significantly improve the productivity of a system.Managed services are expected to grow at the highest CAGR during the forecast periodWith the increasing deployment of cloud computing, the services segment is expected to grow in the future.Vendors offering these services focus on improving the overall business efficiency, enhancing scalability, and reducing IT costs.North America is expected to contribute the largest market share, whereas Asia Pacific (APAC) to grow at the fastest CAGR during the forecast periodNorth America is expected to hold the largest market share and dominate the cloud ECM market from 2017 to 2022.The rapid adoption of smartphones and other electronic devices in the APAC region leads to digitalization of voluminous paper data into an electronics format, thereby resulting in more adoption of ECM solutions to manage the electronic data.Speak to Our Expert Analyst:  https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=20750857The major vendors providing cloud ECM are Alfresco Software, Inc. (California, US), ASG Technologies (Florida, US), Box, Inc. (California, US), Docuware (Germering, Germany), Epicor Software Corporation (Texas, US), Everteam((Paris, France), Fabsoft Software, Inc. (New Jersey, US), Hewlett Packard Enterprise  (California, US), Hyland Software, Inc. (Ohio, US), IBM Corporation (New York, US), Laserfiche (California, US), Lexmark International, Inc. (Kentucky, US), MaxxVault LLC (New York, US), M-Files Corporation(Texas, US), Microsoft Corporation (Washington, US), Micro Strategies Inc. (New Jersey, US), Newgen Software Inc.(New Delhi, India), Nuxeo (New York, US), Objective Corporation (New South Wales, Australia), OpenText orporation (Ontario, Canada), Oracle Corporation (California, US), SER Group (Bonn, Germany),  and Xerox Corporation (Connecticut, US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM".
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The leader in People Enhanced Data, Panalyt, is excited to announce today that it has been named the 2020 Excellence Award winner in the Analytics Service Category at the 5th annual HR Technology Awards sponsored by Japan’s Ministry of Economy, Trade, and Industry on 31st July 2020.It was recognized among the worldwide field of top HR Technology providers for demonstrating excellence in innovation and implementation of HR Analytics.Panalyt Wins HR Technology Excellence Award for People AnalyticsThe HR Technology Awards was established in 2016.In its fifth year, it set the goal of contributing to the evolution and development of the HR Technology field by commending the outstanding efforts in HR Technology and Analytics.Co-founder and CEO of Panalyt, Daniel J West said “It is an honor to be recognized as a People Analytics technology innovation leader in the HR Technology space by HRPro.This honor is a testament to the hard work of everyone in Panalyt.I’m humbled to get this recognition and help businesses bridge their People Data Gap by pulling people-enhanced data from across systems, integrating it, and presenting in clear, reports, intuitive dashboards, and presentations like other business reports.This leads to diminished attrition, optimized recruitment, higher employee engagement, and improved productivity.”In total, 62 case studies were submitted and the judging committee, comprised of academics and industry luminaries, conducted strict screening to decide the winners.
The Global Animal Feed Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Animal feed are nutritional food given to domestic animals to increase their overall productivity and provide them a balanced diet.Animal feed are of different types such as plants, hay, husks, mixed animal feeds, alternative protein food and others, depending upon the livestock.Milk and dairy products are obtained from cattles, which help the dairy industry to grow globally.Aquatic animals and other livestock have specific applications depending on the demand of end users.Antibiotics in animal feed help domestic animals resistant to several diseases.
Of course, we can save any documents on our smart devices, but it is always best to have a hard copy of these essential documents.But, we know how difficult it seems to choose the right one when you have so many alternatives.So, please keep reading the report to get the list.The Best AirPrint Printers to Use in 2020If you are going to purchase a printer, then it’s important to focus on some necessary things.With these printers, you can get excellent quality of photos and documents.It is an option that will help you in enhancing your productivity levels.It is also a perfect alternative to use for small businesses.
You have an impending deadline but instead of fulfilling that particular task you find yourself cleaning your entire house, folding socks, or going for a walk. If that’s you, I’m sorry to say that you’re one of many procrastinators, which by definition refers to an individual who habitually puts off doing things. It’s a popular — and very unhappy — club whose members often find themselves in unnecessarily stressful situations. [Read: 3 reasons why working from bed is actually good for productivity] So, why exactly do we procrastinate? In my experience, procrastination is not just about willpower — or the… This story continues at The Next Web
The need for software testing tools for better quality assurance: given in a software testing trainingA Software Testing Training would tell one about the requirement for software testing tools for better quality assurance.Moreover, Kualitee with its various integrations like JIRA, Selenium, Bitbucket, and Jenkins enables an extensive range of testing needs as well as backs all the different types of users.Learn about efficient tools in software testing training.https://www.technobridge.in/software-testing-training-course.phpACCELQA software testing training would tell one about an effective AI-based test management tool.ACCELQ is this AI-based test management tool that capitalizes codeless automation without simplification of the process.Finally, the main highlight of this software is cost effectiveness-it increases productivity by three times and lowers the cost by 50%.Most importantly, ACCELQ is excellent with every browser, operating system, and is amongst the top test management tools for 2020.
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Hello and welcome to Trending, Business Insider's weekly look at the world of tech. I'm Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei Oreskovic while he's on vacation. If you want to get Trending in your inbox every Wednesday, just click here. The clock goes tick-tock for TikTok Hello, and welcome to Trending, the Business Insider tech newsletter. As you may have already noticed, I'm not Alexei Oreskovic, your usual host — I'm Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei while he takes some well-deserved time off.  In my day job, I oversee our enterprise tech coverage, which encompasses cloud computing, artificial intelligence, open source software, and productivity (shameless plug: you can read all about it on Hyperscale, my enterprise tech newsletter, which publishes via LinkedIn on Fridays). So imagine my surprise when Microsoft — the single largest company in the enterprise sector — suddenly and unexpectedly found itself inserted into the saga of Chinese-owned TikTok, the hottest consumer app in who knows how many years. As you've probably heard by now, Microsoft is in talks to buy up TikTok, or at least its American operations, in a deal likely to be worth many billions of dollars. Microsoft has said that it expects those talks to be completed, one way or the other, by September 15th. President Donald Trump has upped the pressure by saying that he intends to ban TikTok in the United States entirely if the app isn't owned by an American company by that date (and that the US should get a cut of the sale, which is generally not how that works). A brief Q&A on Microsoft/TikTok I won't pretend to be an expert in international trade or China relations, but I am pretty familiar with Microsoft and how it operates. While nothing is set in stone and another buyer could swoop in, Microsoft seems like the most likely buyer, not least because it has the cash to spare and because it's so far avoided the worst of the antitrust scrutiny that rivals like Google and Facebook now find themselves under.  Therefore, I've taken the liberty of throwing together a quick FAQ on what Microsoft might be thinking: Q: This is a weird deal, right? A: On the face of it, it's super weird. But, if you dig a little bit deeper — well, it's still super weird, but starts to make a little bit more sense.  Q: Isn't Microsoft all about cloud computing and Microsoft Teams and all that kind of thing these days? A: Sure is. Under CEO Satya Nadella, Microsoft has seen a tremendous bull run, thanks almost entirely to its focus on products like the Azure cloud platform and Office 365 productivity suite. In fact, Microsoft recently shuttered most of the Microsoft retail stores and the Mixer live-streaming service, a rival to Amazon's Twitch, in a move to make sure the company stayed on target. The Xbox game console is Microsoft's last major consumer brand. Q: So where does TikTok fit into that master plan? A: Honestly, it probably doesn't.  Q: Wait, but... A: The best and most educated guesses hold that Microsoft sees TikTok as a once-in-a-lifetime chance to win over an entire generation of fans. With an estimated 100 million mostly-younger daily active users, TikTok has a built-in audience, and the pressure from the White House to sell is expected to give Microsoft an edge in negotiations. Plus, it could be Microsoft's chance to wind the clock back and get another chance to take on Facebook and Google in online advertising. Otherwise, we'll have to wait and see. Q: So will it work? A: Great question. Nadella has largely earned the benefit of the doubt — his signature acquisitions of LinkedIn, GitHub, and "Minecraft" maker Mojang have all been very successful, and established a trend towards allowing big-money acquisitions to retain a level of independence previously thought unthinkable in the industry. But on the other hand...I already mentioned that Microsoft just shut down Mixer, right? Q: Last question: Doesn't it set a bizarre precedent for Silicon Valley in particular and American capitalism as a whole for a sitting president to get so involved in the affairs of a private company like Microsoft?  A: Great question! You're very good at asking smart questions. Keep it up. But it looks like we've run a bit long, so let's put a pin in this for now. But feel free to keep asking those sharp, sharp questions! So how did the Big Tech hearing go? The sudden news of a potential Microsoft and TikTok tie-up was only the capstone on a week that was already incredibly busy.  On Wednesday, Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, and Google CEO Sundar Pichai all testified before Congress on allegations of anticompetitive behavior. As expected, there was plenty of grandstanding, but there was also some substance there. As Business Insider's Linette Lopez writes, the execs were forced to testify under oath about allegations about Amazon's use of third-party seller data, or Facebook's history of spying on the competition.  More interesting than the hearing, however, were the internal emails released by the House Judiciary Committee as part of its investigation. With the release of documents, we got a rare insight into how these tech giants do business: Everything from an email from Jeff Bezos on the $1 billion purchase of smart doorbell company Ring, to a missive from late Apple cofounder Steve Jobs recommending the company "cut off" a developer.  As Business Insider's Becky Peterson reports, the big takeaway is that in several cases, these mega-companies bought up startups not because they wanted their technology — which they often seemed to find lacking — but because they wanted to buy their way into a market. Either way, the real capstone on the hearing came a day letter, when all four of those companies simultaneously announced their quarterly earnings on Thursday. The big earnings bonanza Apple, Google, Amazon, and Facebook all blew away their earnings reports late last week, with the stocks surging in after-hours trading.  It wasn't entirely a clean victory for all of them, however: Amazon reported a slight miss on Amazon Web Services cloud revenue, booking $10.81 billion in sales for the quarter, versus the $11.01 billion Wall Street was looking for, demonstrating slower growth than expected. Google parent company Alphabet, meanwhile, showed its first quarterly decline in revenues for the first time ever since it went public. None of this is especially surprising, given the increased reliance on services from all four companies in a stay-at-home, work-remotely kind of world. But it's a funny sort of synchronicity that all four were able to take such a victory lap just a day after being raked over the coals by lawmakers over their size and influence. Congress may be able to shame you, but it's Wall Street that pays you. Lightning round Well, that's enough out of me. Before I give up this virtual podium and turn it back over to Alexei, here are a few various other recent highlights from the Business Insider tech team: Apple will start making its own chips to enable iPhone apps to run on future Mac computers. But developers say pulling that off may not be so easy. The president of cybersecurity giant RSA explains how its $2.1 billion breakup deal with Dell will return it to its 'scrappy' startup days: 'How often do you get to do that as a 38-year-old company?' Radish wants you to binge-read romance novels, and now it has a fresh $63.2 million to pay its soap opera writers to get you hooked Sheila Bair oversaw nearly 400 bank closures during the last financial crisis. She told us her worst fear about the coronavirus crisis and explained what regulators are getting wrong this time. These two VCs were hobby Bitcoin miners a decade ago, and now they've raised $110 million for a second fund focused on cryptocurrencies and blockchain startups Thanks for reading, and if you like this newsletter, tell your friends and colleagues they can sign up here to receive it.  — MattJoin the conversation about this story » NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid
Enterprise software startup UiPath is Europe's latest decacorn, hitting a valuation of $10 billion after a Series E fundraise in July. UiPath offers something called robotic process automation, which essentially aims to automate repetitive computer tasks. We spoke to two European backers of UiPath, who took a gamble that the startup's focus on an emerging area of enterprise software would pay off. "When I first met Daniel I was struck by his conviction," Reshma Sohoni, partner at Seedcamp, said. "He was talking about RPA which was a product that was hard to imagine at the time but his belief and self confidence were already there." Visit Business Insider's homepage for more stories.  UiPath — Romania's first unicorn startup, Europe's latest decacorn, and one of the fastest growing software companies in the world — started in a flat in Bucharest in 2005.  The company last month in July became Europe's latest decacorn (a company with a valuation of $10 billion) company, after a $225 million Series E round. Founded out of Romania and now based in New York, the startup raised its first institutional funding in 2016, and has gone on to pioneer software automation in just four years. Business Insider spoke to two key European investors in the buzzy software startup, Seedcamp partner Reshma Sohoni who invested in 2016, and Accel partner Philippe Botteri who led the company's $30 million Series A in 2017, to understand how to spot a potential decacorn.  Pivoting into the emerging process automation market In 2005, CEO Daniel Dines and CTO Marius Tirca founded DeskOver, an automation library startup that would eventually pivot to become UiPath. In 2012, the pair began to look into robotic process automation, a productivity tool that allows a user to configure one or more scripts (which some vendors refer to as "bots") to activate specific keystrokes in an automated fashion. The goal is to automate repetitive computer tasks, freeing up time for human workers. Automation is big business now, but the technology was in its early stages at that time. UiPath spent years developing its tech before winning a competition to find the best robotic process automation tech by Indian consulting firm BPO in 2015. The company took the bold move of founding a US office and soon caught the attention of VC investors including Earlybird, Credo Ventures and Seedcamp, which funded a $1.6 million seed round in the company.  "When I first met Daniel I was struck by his conviction," Reshma Sohoni, partner at Seedcamp, told Business Insider in an interview. "He was talking about RPA which was a product that was hard to imagine at the time but his belief and self confidence were already there." In 2019, robotic process automation market grew 62.9% to $1.4 billion and held its position as the fastest-growing segment in the enterprise software market for a second year, according to research firm Gartner.  The company soon opened offices in other locations within Europe and Asia, taking board members by surprise with ambitious growth plans. Even at that stage, there was some uncertainty about the sector more generally. "The company was moving from a services and consulting model to a software model with 80/90% gross margins," Sohoni added. "Our research showed that the curve was ticking upwards but automation in some cases still meant data farms in India with people copy and pasting from one screen to another."  Investors gambled on the founders as much as the technology In early February 2017, a team from global VC fund Accel visited Romania for two days to meet with Daniel Dines and the UiPath team. Accel would go on to lead a $30 million Series A round in the company which was, according to investor Philippe Botteri, "a unique process." "We have invested in major companies like Spotify and the thing that always strikes you is the founder, we had that with Daniel," Botteri told Business Insider. "Daniel is a one-of-a-kind founder, he had a global vision for the company from the get-go, he's very product-orientated, and driven." Accel also felt UiPath had strong potential after conducting its due diligence process. UiPath had recently signed a large contract with a Fortune 500 company with a three- or four-month sales cycle — literally how long it takes to land a deal from start to finish. Accel normally found European startups took 12-18 months to land such deals. The fact the company already had operations in the US helped while UiPath's tech also caught Accel's eye. The other partner from Accel was Romania-born Luciana Lixandru, now a partner at Sequoia Capital.  UiPath has now raised $1.2 billion in venture funding in four short years, according to Crunchbase, and in that time has gone on to become a market leader in the automation space, according to research firm Gartner with around $400 million annual recurring revenue. Another high-valued European leader in the space is the UK's Blue Prism, which has a market cap of £1.15 billion ($1.5 billion). Spotting a unicorn UiPath is a probable "home run" for its venture capital backers — the bet that will likely yield outsize returns and negate other failed startups in the portfolio. How do you spot one? "When it comes to spotting potential unicorns, be it TransferWise, Revolut, or a decacorn like UiPath the question we ask is 'What are the things that have to go right in order for this to impactful and/or disruptive?'" Sohoni said. "Daniel had the right validation points and confidence as a founder but also wanted to continue to invest in R&D and product." Botteri simply quotes his fund's thesis, based on French scientist Louis Pasteur's quote: "In the fields of observation chance favors only the prepared mind." He added: "We knew automation was an interesting market and UiPath was at the intersection of secular trends, including data, AI productivity, and automation." It hasn't been a totally smooth journey to decacorn status. The company laid off about 400 people in October 2019, only a few months after raising $568 million at a $7 billion valuation and lost its CFO in the process, a series of events that puzzled industry watchers. However, the company is bowling forward with reported plans for an IPO in 2021. Employees are positive about the company's culture, with Dines being ranked by female employees as among the best of current tech CEOs. Forrester analyst Craig Le Clair estimates that in three to four years, the RPA software market could be worth $4 billion, while RPA services would be worth $12 billion. "Daniel famously said 'I want one robot for every person,'" Botteri added. "If you are always driving to do more, you can do things people thought were impossible."SEE ALSO: How 2 immigrant founders are trying to help marginalized communities build credit scores. 'America needs to look in the mirror and see what it has done.' Join the conversation about this story » NOW WATCH: Why Pikes Peak is the most dangerous racetrack in America
Indian cloud software giant Zoho is releasing six new tools to help businesses bring employees back to their offices safely, competing with existing tools from Salesforce and Microsoft. Zoho's tools are unique because of the company's international perspective, a company executive said — not to mention that they're free, unlike the tools from Salesforce and Microsoft. The product includes tools for employee wellness, contactless check-in, safety training, asset management, and more.  Click here to read more BI Prime stories. As some parts of the world start to get the coronavirus pandemic under control, businesses are looking to reopen their offices safely, increasing the need for software tools that can track employee health and train workers on new safety protocols. Salesforce and Microsoft have both released tools to help companies reopen, and now a smaller competitor —Indian software company Zoho — is releasing its own products to help businesses bring employees back to the office safely.  Zoho's tools are unique for a few reasons, said Raju Vegesna, Zoho's chief evangelist. For one, he says that because Zoho is headquartered in India it has a better perspective on what different regions need. Also, unlike Microsoft and Salesforce's products, Zoho's tools are completely free — at least until the end of the year. They also integrate with Zoho's wide breadth of products, from productivity to CRM, Vegesna said.  The tools are a continuation of the steps Zoho has already taken to help its customers through the pandemic. In March, the company released a suite of 11 free productivity tools to help companies transition to remote work. The company also put a call to businesses, schools, and public agencies to let them know that if they needed specific tools, Zoho would try to build them for free. Over the last month, many requests were around office safety.  "We said, why not generalize it and put together a lot of tools that businesses need to get back to work?" Vegesna said. The products include: tools for employee wellness, contactless check in, safety training, surveys and communication, volunteer program management, and asset management to maintain office supplies and maintenance requests.  What makes Zoho's tools unique Vegesna says that Zoho's tools are more robust than those from Microsoft or Salesforce because of how well they integrate with the rest of its products. Zoho makes email and chat tools, CRM software for sales and marketing, and human resources tools. While using the new work tools along with Zoho's other tools can make them more useful, they're still free to companies that don't use any of the its other products — users don't need any other licenses to start using them. That's in contrast to Salesforce, which has its tools priced as add-on to existing products, and Microsoft, which requires users to have an existing Power Platform license in order to use them.  Here's what Zoho's tools might look like in action: FoIf an employee has a meeting with a client, and then returns to the office, the person's calendar logs that information and sends it to the back to work tools and HR system. Then if that employee is exposed to COVID-19, the company will be able to identify who they may have come in contact with. Or, if an employee is scheduled for a business trip, the HR system can trigger an email to the employee asking them to stay home for 14 days after returning and complete safety training before they return to office. In places like the Middle East, Vegesna said business travel is slowly returning with new safety measures.  Zoho also has a low-code development platform called Zoho Creator so customers can customize apps. Since the back to work tools are built on this platform, they are easily customizable. This is similar to Microsoft, which built its tools on its Power Platform.  "If they want an additional module, they can request [it] and we can quickly build it in day or two and then pass it on," Vegesna said, "Or if they want to build it themselves, they can,"  Got a tip? Contact this reporter via email at [email protected] or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.Join the conversation about this story » NOW WATCH: We tested a machine that brews beer at the push of a button
Laboratory Informatics Market Highlights:The global laboratory informatics market is expected to grow significantly over the forecast period.It is anticipated that the market held a valuation of USD 2422 million in 2018 and is projected to register a CAGR of 7.2% over the forecast period.The increasing participation of key players is one of the key factors driving the market, says MRFR’s Laboratory Informatics market insights.In 2018, Abbott Laboratories announced the launch of the STARLIMS Quality Manufacturing Solution QM 11.1 to support laboratory productivity and efficiency across diverse sectors of the global manufacturing industry.Various other factors such as the increase in adoption of cloud-based platforms by CROs, increasing preference towards personalized medicine, untapped emerging markets, rise in regulatory approvals, and rising R in the field of meadicine are also expected to propel the growth of the market.However, high maintenance and service costs can hamper market growth over the forecast period.Browse Sample of the Report @  https://www.marketresearchfuture.com/sample_request/8106 Key Players:Some of the key players in the global laboratory informatics market are Agilent Technologies, Inc., Abbott Laboratories, Accelerated Technology Laboratories, Cerner Corporation, Dassault Systèmes, IDBS, KineMatik, Lablynx, Inc., Labvantage Solutions, Inc., Autoscribe Limited, Labware, Labworks LLC, McKesson Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Waters, and others.Segmentation:The global laboratory informatics market is segmented based on product, component, deployment model, end user, and region.The global market for laboratory informatics, by product, is segmented into Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Electronic Lab Notebooks (ELN), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), and Scientific Data Management Systems (SDMS).The Laboratory Information Management Systems (LIMS) segment is further classified as broad-based LIMS and industry-specific LIMS.Based on component, the market is segmented into software and services.Based on the deployment model, the market is segmented into on-premise models, cloud-based models, and remotely hosted models.Based on end user, the market is segmented into life sciences companies, CROs, environmental testing laboratories, and others.In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.The laboratory informatics market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.The European laboratory informatics market has been segmented into Western Europe and Eastern Europe.Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.The laboratory informatics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.Market SynopsisThe global procurement as a service market is expected to reach USD 9 billion by 2025 at a CAGR of 8.9%.Currently, most of the global industries rely on procurement models which bundles various services such as supply chain management, budget development, distributive management, quality control, and others into one stream.Most of today’s procurement models are implemented with fixed-cost engagements based on long-term procurement processes.This results in reduced efficiency and a concurrent loss in profitability of the enterprise, especially for large businesses as this static model is outdated in today’s dynamic economic landscape.FREE PDF @https://www.marketresearchfuture.com/sample_request/8293An increasing reliance on the e-procurement industry as well as a very dynamic economic landscape has necessitated a complete overhaul of the global procurement market.Now, businesses will pay for what they need and use, with unnecessary bundling of activities being eliminated.Wal-Mart and Amazon consistently outperform SMEs and local retail outlets due to their cutting-edge global procurement services.The same methodology is being applied to all companies to enhance profits and productivity while simultaneously reducing redundancy.Market USPPan-industry applicability with unique solutions for all business verticals and components.SegmentationBy ComponentStrategic Sourcing: The largest market in this segment, efficient strategic sourcing benefits all industries, particularly SMEs.Spend Management: The fastest-growing segment.Realigning core products and services offered by a business is essential in the dynamic market of today.
Global POS Software Market Research Report offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations.This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.Market SynopsisThe global POS software market was valued at USD 14.10 billion in 2018 and is expected to reach USD 34.77 billion by 2025 growing at a CAGR of 14.27% during the forecast period, 2019–2025.FREE PDF @https://www.marketresearchfuture.com/sample_request/8384POS software or point-of-sale software is a solution used in combination with POS hardware terminals such as cash registers, credit and debit card processing equipment, special terminals, displays, optical scanners, and magnetic card readers.The POS software system is capable of analyzing the inventories, sales reports, and other parameters and offering a graphical and pictorial representation to facilitate business insights.This helps the vendors to simplify its business operations, increase employee productivity, operational efficiency, and customer satisfaction.Increasing adoption of smartphones, tablets, and other smart handheld devices, changing payment options which include the growing use of debit cards, credit cards, and other digital payment wallets, and government support fueling the development of high-speed networks such as 3G, 4G, and 5G are some of the major factors driving the growth of POS software market.Rising demand among retailers, restaurants, hotels, resorts, groceries/supermarkets, and cafes to manage entire business operations such as sales, inventories, customer loyalty, and marketing from a single platform have created a significant demand for POS systems.POS software with payment gateways help businesses to improve customer engagement, customer satisfaction ratio, and the overall customer experience.More Information : https://www.marketresearchfuture.com/reports/pos-software-market-8384About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.Contact:Market Research Future+1 646 845 9312Email: [email protected]
RFID Market in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global RFID market.Market participants can use the analysis on market dynamics to plan effective growth strategies and prepare for future challenges beforehand.Few of the major competitors currently working in the global RFID Market are Honeywell International Inc, HID Global Corporation, Impinj, Inc, IBM Corporation, Invengo Technology Pte Ltd, NXP Semiconductors, Protrac iD, ACTATEK (UK) Ltd, Alien Technology, LLC, AVERY DENNISON CORPORATION, Brady Worldwide, Inc, BT, Checkpoint Systems, Inc, Confidex Ltd, Datalogic SpA, RFID, INC, Siemens, Smartrac NV, TagMaster amongst others.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-rfid-marketBy Products (Tags, Readers, Software), Tags (Wafer Size, Tag type, Frequency, Application, Form Factor, Material), End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)Market Restraints:Elevated setup expenses for the RFID system is hindering the growth of the marketCompatibility of latest device with old device is restricting the growth of the marketGlobal RFID Market Size, Status and Forecast 2019 – 20261 Market Overview2 Manufacturers Profiles3 Global RFID Sales, Revenue, Market Share and Competition by Manufacturer4 Global RFID Market Analyses by Regions5 North America RFID by Countries6 Europe RFID by Countries7 Asia-Pacific RFID by Countries8 South America RFID by Countries9 Middle East and Africa RFID by Countries10 Global RFID Market Segment by Type11 Global RFID Market Segment by Application12 RFID Market Forecast13 Sales Channel, Distributors, Traders and Dealers14 Research Findings and Conclusion15 AppendixesMarket Drivers:Enhanced deployment of RFID in production facilities to increase productivity is contributing to the growth of the marketEnhanced using of safety & authentication implementation is boosting the growth of the marketIncrease government policies is propelling the growth of the marketHeavy implementation of RFID technologies in the retail sector is driving the growth of the marketAccess Detailed [email protected] https://www.databridgemarketresearch.com/toc/?dbmr=global-rfid-marketThe Report HighlightsHistoric and forecasted RFID market size in terms of revenues & unit sales, average selling price, growth rates, and company market shares.Highlights and compares key application/product categories for growth trends and revenue forecast.RFID Market size, revenue and unit sales according to each regionCross category comparison – Growth and revenue comparison for product categories, historic and forecast through 2026.RFID Market share of top key playersCurrent trends and recent DevelopmentsScope of the RFID Market ReportRFID Market (Actual Period: 2017-2018, Forecast Period: 2019-2026)RFID Market – Size, Growth, ForecastAnalysis by Type:Regional Analysis – Actual Period: 2017-2018, Forecast Period: 2019-2026RFID Market – Size, Growth, ForecastRFID Market Analysis by TypeBuy now @ https://www.databridgemarketresearch.com/toc/?dbmr=global-rfid-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] 
Transparency Market Research (TMR) has published a new report titled, “Advanced Wound Care Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”.This is likely to increase the number of surgical procedures; consequently, propelling the global advanced wound care management market.Chronic wounds to be highly lucrative segmentChronic wounds is an emerging segment of the advanced wound care management market.As per a paper published by NCBI (National Center for Biotechnology Information), in May 2014, the annual burden of venous leg ulcers in the U.S. is nearly US$ 14.9 Bn, which includes indirect costs (productivity loss) as well.The diabetic foot ulcer sub-segment of the advanced wound care products market is expanding at a significant CAGR.Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=16139Hospitals & clinics to be notably promising segmentIn terms of end-user, the global advanced wound care management market has been segmented into hospitals & clinics, ambulatory surgical centers (ASCs), home health care, and others.Moreover, hospitals are the preferred choice due to availability of advanced technology and better health care services.The home health care segment is expanding at a high growth rate, especially in developed economies, due to rise in geriatric population and increasing health care infrastructure and support.
마사지 in Korea is an example of what massage services could help you achieve.That is considering the happy customers that have been resorting to massage shops in Korea.Read on to identify the top reasons why you should book that massage today.Massage as a way to spark about creative ideasYou will probably agree with me on the point that the business world is currently associated with a lot of stress.We are humans and will only make the best decisions when our minds are operating well.That implies that the brain needs to stop for a while and focus on the issue at hand.Going for that Massage in Korea is about freeing your thoughts for better decision making!Massage as a way to tone down painSeveral recent studies have proven that massage is what it takes to reduce muscle tension and pain.
Jay Water Management Private Limited supplies highly effective, and unique reverse osmosis membranes, and is the Largest RO membrane Supplier in India.The best Hollow Fibre UF RO membranes, and Sea water RO membranes have high rejection and high productivity results, which has brought us into the big leagues as One of the Largest RO membrane Supplier in India.We are a leading distributor of highly unique reverse osmosis membranes for commercial applications in water treatment plants for private, public or even controlled applications.Have a look at the BEST UF membranes, and PVA Gel Media as well as Sea water RO membranes on www.jaywater.com
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In situations like this, it is better to have multiple desktops on our system so that we can manage our work efficiently.It is also a fantastic option that will help you to enhance your productivity.However, today, the most modern operating system comes with this inbuilt feature.Here, in our following article, we are going to tell you the ways through which you can use multiple desktops on your computer running Windows 10.You can switch between these desktops at any time, move applications from one desktop to another, or can set any view on any desktop.This is a feature that has proved to be beneficial for those users who work on small monitors and want to toggle between several sets of adjacent windows.So, let’s start with the procedure for adding a desktop on Windows 10.
Trucking software assists in managing the supply chain management in trucking logistics industry.Parking problems can be minimized and can be managed efficiently with the operation of TMS and with the interconnection of them with other management systems.This system is also used in parking applications such as collecting information regarding vehicles, demand management, navigation, safety and security of the vehicles and this set to fuel the demand of TMS.Geography - Segment AnalysisEurope dominated the Transportation Management System market in 2019 with a share of 38.4%, followed by North America and APAC.It also helps customers in leveraging optimization and the utilization of all available modes such as pool distribution, multi-stop truck load TL, and less than truck load (LTL), and to find the most cost-effective way to deliver freight.High skilled workforce is required and lack of proper training facilities restrain the market growth.However benefits associated with TMS such as reduction of freight expenses, real time track deliveries increasing efficiency and productivity set to create opportunities for the TMS market.Acquisitions/Technology LaunchesIn March 2019, Trimble Transportation Enterprise Solutions, Inc had launched a new TMT Service Connect module in order to provide its software to more than 4,500 medium and heavy duty service locations which also includes many Original OEM dealers throughout North America.
Buy Xanax Online without Prescription for Treat Anxiety and Panic DisordersDeath is always a risk when Buy Xanax Online without Prescription use leads to accident or chronic use leads to serious health related problems.Xanax slows down the brain’s response or breathing, and an overdose may be followed by coma.Every time, when a user opts to abuse Xanax, he is risking his own life.The risk factor increases exponentially, when Xanax is mixed with alcohol or drugs.Xanax addiction is curable and you can ask for help from the experts or a rehabilitation center.Once your brain becomes accustomed to Xanax use, it begins to operate differently.Xanax Interacts with other Drugs?Yes, Xanax interacts with other medications and drugs.
To ensure reliable operation of components, lubrication is the best choice.The proper lubricant helps to significantly reduce downtime and maintenance cost.We offer wide collection of industrial and automotive lubricants at moderate price.The lubricants are designed to perform various function such as reduce friction,wear andcorrosion.The lubrication is a proper way to achieve maximum service life of machine.The fuchs lubricants distributors use advanced technology and develop high performance lubricant products.The lubricant products have number of functionalities.The industrial development is the main reason behind the growing number of Fuchs grease agency.The expertise try to produce best products to meet the increasing requirements.Our Titan ATF 4000 and Titan ATF CVT products perform cooling and cleaning task efficiently.We use top quality additives and base oils in lubricant production.The proper and right lubrication enhance the performance and productivity.
Global Industrial Connectors Market is forecast to reach $22.4million by 2025, growing at a CAGR of 5.6% during the forecast period from 2020 to 2025.Adoption of various industrial connectors offering use in high demanding applications amidst harsh environments are some factors causing high popularity of industrial connectors in the market.Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=18191Report Price: $ 4500 (Single User License) Material - Segment AnalysisPlastic connectors are having major demands in the industrial connectors market replacing the traditional metal connectors.had also caused fall in market demands towards metal based connectors.With the help of industrial connectors, companies have been able to improve their ethernet capabilities, thus improving the data connectivity in their organization.Adoption of ethernet connectors in data centres provides high speed transmission of massive amounts of data which helps in enhancing work productivity.Safety systems are an essential part of a vehicle infrastructure, which causes high dependency of industrial connectors by the automobile companies.Moreover, with the growing global population, automobiles are already facing high demands in the market, ultimately pushing the demands for industrial connectors.Challenges – Industrial Connectors MarketDesigning and operation failures Designing of connectors is a major challenge faced by the industrial connectors market, thus hampering its growth.
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According to research report "Container Orchestration Market by Component (Platform and Services), Organization Size (Large Enterprises and SMEs), Vertical (Telecommunications and IT, BFSI, Government and Public Sector, Manufacturing), and Region - Global Forecast to 2023", The container orchestration market size is expected to grow from USD 326.1 million in 2018 to USD 743.3 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period.Browse 44 market data Tables and 41 Figures spread through 124 Pages and in-depth TOC on "Container Orchestration Market - Global Forecast to 2023"Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13241043Training, consulting, and integration services segment to hold the largest market size during the forecast periodConsulting service providers suggest, analyze, and guide customers through the solution types that are fit for their business needs, thereby helping save resources and costs before implementing the container orchestration platform.Integration and deployment services aid in monitoring and protecting the entire IT infrastructure from issues and vulnerabilities.Large enterprises segment to hold a larger market size during the forecast periodLarge enterprises are defined as business entities with more than 1,000 employees.Large enterprises are heavily investing in advanced technologies to increase their overall productivity and efficiency.Additionally, they have a global presence, high market shares, technical expertise, and effective business strategies.Telecommunications and IT vertical to hold the largest market size in 2018Telecom companies are eager to tap digitalization opportunities.They are modernizing their legacy applications to improve the digital customer experience.
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Core HR Software Market Research Global Core HR Software Market Report - Forecast to 2023” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023Some of the major players in Global Core HR Software Market include Automatic Data Processing (US), Ceridian HCM Inc. (US), CoreHR (Ireland), Employwise (India), IBM Corporation (US), Oracle Corporation (US), Paychex Inc. (US), Paycom Software Inc. (US), Sap SE (Germany), and Workday Inc. (US) are profiled in MRFR Analysis and are at the forefront of competition in the Global Core HR Software Market.FREE [email protected] https://www.marketresearchfuture.com/sample_request/3183Core HR Software Market - OverviewEnterprises are eagerly anticipating their business operations by increasing efficiency and simultaneously reducing functional costs.They are attempting to bridge a gap between workforce development and retention.Core HR is a cloud-based software which allows enterprises to align their human resource functionalities by enabling appropriate technology.The adoption of this software results in efficient HR approaches by increasing global agility, simplified workforce management, increased staff productivity coupled with controlling labour cost, and reducing compliance risk.Companies are adopting cloud-based systems and solutions for learning, recruiting, and various other HR applications.Cloud technology facilitates easy access to switch vendors as the systems can be replaced, unlike the traditional systems which could be customized only by IT.
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Atlassian announced during its fourth quarter earnings on July 30 that it's acquiring Swedish startup Mindville, which helps companies track and manage the IT services they're using. Atlassian has been investing heavily in IT service management: In the past few years, it has also acquired the incident management company Opsgenie, Automation for Jira, and ticketing company Halp. Besides IT service management, Atlassian has been investing in its cloud offerings.  Visit Business Insider's homepage for more stories. In the past few years, $43 billion Australian software giant Atlassian has been investing aggressively in IT service management, with products geared towards allowing customers to manage and respond to incidents like outages.  Most recently, Atlassian announced in its July 30 fourth quarter earnings call that it's acquiring Swedish startup Mindville, which helps companies track and manage the services they're using. Neither Atlassian nor Mindville disclosed the terms of the deal.  This is the latest in a series of similar acquisitions that Atlassian has made in IT service management, including the incident management company Opsgenie in late 2018, Automation for Jira late 2019, and ticketing company Halp in May 2020.  Meanwhile, Atlassian's own IT management product, Jira Service Desk, has also seen significant growth during the coronavirus pandemic.  For large businesses especially, IT service management (ITSM) is becoming a top need, and Atlassian is increasingly working to become a major player in the space, competing with companies like ServiceNow. "Mindville is a cornerstone of the ITSM strategy. It's one of the key aspects that will allow us to grow in the IT space," Edwin Wong, head of product at Atlassian, told Business Insider. "With various acquisitions already made, we want to continue that journey. It's a modern and different take on IT for our customers." Atlassian had already been partnering with Mindville Mindville allows customers to better understand the hardware and software services they're using and see how they're linked. For example, if a company wants to make a technical change, they can learn about how risky the change is, what services might break, and what teams will be impacted.  In the past, software releases could take six months to one year, but now the process moves much faster: Teams can release updates multiple times a day. Because of that, there's a greater need to manage IT services, Wong says.  "You start to realize that IT roles have started to become really different ones," Wong said. "They're much more software-centric. How you go about delivering software services will be one of the key muscles that organizations seek to build." Atlassian had already been partnering with the company, which has over 1700 customers, including NASA, Samsung, and Spotify. Now, Atlassian plans to integrate Mindville with its other product offerings like Jira Service Desk. The product is more important than ever as the coronavirus pandemic changes how many companies conduct business and forces them to quickly move to digital tools.  Read more: Over half of developers are responding to IT issues more slowly than usual, according to a survey by Atlassian, the company that makes one of the most popular ticketing tools While Atlassian is increasingly competing with ServiceNow, both companies have different ways of approaching customers, says Gregg Moskowitz, managing director at financial services firm Mizuho. While ServiceNow sells its products in a top-down way to large businesses, Atlassian focuses on getting developers on board, who then bring the product to their companies. "It's going to be years before these vendors are countering each other," Moskowitz told Business Insider.  Atlassian is investing heavily in cloud In addition to IT service management, Atlassian is focusing on its cloud business in the coming year, and is working to hire more engineers, build more cloud products, and create migration tools and discounts, as well as partner services. Cloud has become Atlassian's first and foremost priority, Moskowitz says. When the Australian software giant first launched in 2002, its products were designed to be run on private data centers. What could have been a weakness has since turned into a strength, as Atlassian now offers products on both the cloud and traditional servers. Currently, most users of products like Jira and Confluence use private data centers, so there's a big opportunity for Atlassian to help them move to the cloud.  "That can be very important because if customers like what Atlassian has to offer, it's going to make new customers much more likely to buy more products from Atlassian than they otherwise would," Moskowitz said. "That's an absolutely important part of the whole story." Atlassian's most recent earnings beat Wall Street's expectations as it announced that it generated $430.5 million in revenue, up 29% from the same time the year before. Still, the company also estimated that it faced a $10 million impact the past quarter due to the coronavirus pandemic as small business customers were hit especially hard. Still, analysts expect to  see long-term growth from Atlassian. "We see the company benefiting from higher cloud pricing uplift longer term and believe its cloud platform investment will drive more efficient product innovation going forward," Arjun Bhatia, research analyst at William Blair, wrote in a note to clients, "Enabling Atlassian to build on its competitive advantage and drive long-term sustainable growth." Got a tip? Contact this reporter via email at [email protected], Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request. SEE ALSO: The top 4 best practices for managing engineering teams remotely, according to managers from productivity companies like Asana, GitHub, and Atlassian Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
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