Software Company - CybAI news

17 Sep

Norway’s Crayon Group Surges as SoftwareOne Said to Weigh Deal

stp2y0 CommentsRAG modelsDaniel Daniel, europe, Markets, Norway, software, Software Company, Technology

Norwegian software group Crayon Group Holding ASA jumped by the most in more than four years after people familiar with the matter said its bigger Swiss rival SoftwareOne Holding AG is exploring a potential combination of the two firms.SoftwareOne, which is considering a sale of itself, is also studying a possible merger with Crayon, Bloomberg News reported on Sept. 13. Apax Partners, which has emerged as the leading bidder for SoftwareOne, and the Swiss company’s key shareholders have been discussing various structures that would allow them to take both SoftwareOne and Crayon private and combine the two firms, the people…

15 Aug

Autodesk Executives Ignored Accounting Risks, Documents Show

stp2y0 CommentsRAG modelsAUTODESK INC, Cash Flow, Debbie Clifford, engineering, Executives, jobs, Software Company, STARBOARD VALUE LP, Steve Blum, Technology, US Securities and Exchange Commission

Autodesk Inc. continued to use a controversial sales strategy after promising investors it would stop and ignored internal warnings about the risks of doing so, according to previously unreported internal documents.The yearslong strategy involved offering discounts to certain corporate customers willing to pay up front for large multiyear contracts. In an effort to provide more predictable cash flow and wean itself off of the discounts, the engineering software company in 2021 pledged to halt the practice. Source link lol

15 Aug

Qualcomm Extends Sponsorship of Manchester United Until 2029

stp2y0 CommentsRAG modelseurope, Football, industries, INTEL CORP, MANCHESTER UNITED PLC-CL A, MICROSOFT CORP, Mobile Phones, QUALCOMM TECHNOLOGIES INC, smartphone, Software Company, TEAMVIEWER SE, Technology

Qualcomm Inc., the biggest maker of chips that run mobile phones, extended a new sponsorship deal with Manchester United Football Club until 2029, saying the tie-up is already boosting its Snapdragon brand.The logo for Snapdragon — a lineup of processors that run devices — has already been seen more than 2 billion times because of the partnership, the company said in a statementBloomberg Terminal Thursday. The US technology company acquired the rights to put the name on the front of Manchester United’s shirts and place labels of partners, including Microsoft Corp., on the back. Source link lol

14 Aug

Inside the Snowflake-Databricks Rivalry, and Why Both Fear Microsoft

stp2y0 CommentsRAG modelsAli Ghodsi, artificial intelligence, business, DATABRICKS INC, IPOs, MICROSOFT CORP, Mike Scarpelli, Ron Gabrisko, SNOWFLAKE INC-CLASS A, Software Company, startups, Technology

Secret codenames, pugnacious billboards and deal drama mark the competition for data supremacy Source link lol

08 Aug

Amazon’s $4 Billion Anthropic Pact Probed by UK Watchdog

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, Americas, artificial intelligence, Corporate Governance, Government, MICROSOFT CORP, software, Software Company, Technology, United Kingdom

Amazon.com Inc.’s $4 billion investment pact with AI firm Anthropic risks being hampered in the UK after competition watchdogs said the impact of the partnership needs more scrutiny. Source link lol

05 Aug

PrizePicks Fantasy Sports Names Blizzard Alum Ybarra as CEO

stp2y0 CommentsRAG modelsactivision blizzard, Americas, Culture, finance, MICROSOFT CORP, Mike Ybarra, MOELIS & CO - CLASS A, North America, Software Company, sports, Technology

PrizePicks, a fantasy sports company, named former Activision Blizzard executive Mike Ybarra as chief executive officer, succeeding co-founder Adam Wexler.The company, which bills itself as the largest daily fantasy sports operator in North America, said in a statement Monday that the appointment is effective immediately. Wexler will become executive chairman. Source link lol

30 Jul

Microsoft Needs to Show Azure Strength to Stem Great Rotation

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, APPLE INC, artificial intelligence, Earnings, Fund Manager, MICROSOFT CORP, Software Company, Technology, Valuation, Wall Street

After a $2.3-trillion Nasdaq 100 wipeout, investors are nervously awaiting Microsoft Corp.’s earnings report to see whether the software maker can turn the tide.Traders are increasingly concerned that tech firms aren’t yet seeing returns from heavy investments in artificial intelligence. Shares in Alphabet Inc. slid last week after the Google parent reported higher-than-expected spending, adding to a broader selloff for Big Tech. That’s raised the bar for Microsoft, which is trading at a fairly hefty valuation of about 32 times projected profits and needs to show AI-related spending is translating into sales growth for its Azure cloud business. Source link…

29 Jul

US IPO Market to Slow After Lineage, With Quiet Summer Ahead

stp2y0 CommentsRAG modelsAmericas, BARCLAYS PLC, Equity Capital Markets, IPOs, KKR & CO INC, labor, LINEAGE INC, Markets, media, NASDAQ INC, Software Company, Technology

The pricing of Lineage Inc.’s $4.4 billion first-time share sale helped make last week into the busiest for US initial public offerings in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.There was $6.1 billion worth of IPO activity in the US last week, according to data compiled by Bloomberg. Levels were boosted by temperature-controlled storage giant Lineage’s upsized offering and KKR & Co.-backed software company OneStream Inc.’s pricing above its marketed range to raise $490 million. Source link lol