August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]
America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).
Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners. Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.
Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]
Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]
Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]
Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.
What was of strategic importance a year ago may no longer be a high priority due to changes in market conditions and company direction. 184 (70%) of the CIOs recognize Artificial Intelligence to be more important than the year before. However, only 11 (4%) consider artificial intelligence less critical.
These survey results show a continued shift towards remote work. Changes in tech layoffs may also negatively impact organizations wanting to promote a return to the office culture.
The varied plans for the mix of IT talent demonstrate organizations’ different approaches to meeting their technology needs. Some prioritize cost savings, and others focus on building internal expertise.
In the latest survey, 37% of organizations have reduced their IT budget, while 30% have yet to make any changes. 36% have postponed some projects under consideration, and 30% have utilized more contractors. Additionally, 21% of organizations have decreased their staff. These results demonstrate how organizations are navigating the slower economy, with some opting for […]
The trend in custom proprietary development of applications suggests a divided approach. While 23% of organizations are reducing custom development and relying more on commercial off-the-shelf software and SaaS, 46% are accelerating custom development in pursuing competitive differentiation. The remaining 31% report that their approach has remained unchanged. This disparity highlights organizations’ different priorities and […]
Recognize portfolio company, Ciklum, a global custom software engineering company, was recognized in the Niche Player Quadrant in the 2022 Gartner Magic Quadrant for Custom Software Development Services, worldwide – the first-ever for Gartner®. Combining technical expertise and deep sector knowledge, Ciklum is well-positioned to help organizations build differentiated, scalable, and compliant solutions delivered by […]
Microsoft is set to lay off 5% of its global workforce, joining other technology companies, including META, Amazon, and Salesforce.com, that have made similar announcements due to slow customer spending. This move comes ahead of the company’s upcoming earnings call, as post-pandemic customer spending remains challenging to forecast. Despite these challenges, Microsoft is pursuing strategic […]
During Oracle’s 2nd quarter, which ended in November, its cloud business grew by 48% to reach $3.8 billion. IaaS accounted for $1 billion in revenue, while SaaS revenue was $2.8 billion. This growth in cloud helped raise company revenues by 25% and will lead Oracle to invest $2.4 billion per quarter in this area. Oracle’s […]
2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, […]
Based on the December quarterly earnings of India’s IT service companies, demand for services is strong, but we can expect a slowdown. The Indian holiday period of the third quarter, which ended in December, is slow, but quarterly results showed strong growth. Most execs expect a slowdown due to delays in decisions, even if demand […]
MergeStat brings deep insights using SQL to query data sources used during the software building process. MergeStat is an open-source project moving to a product-based approach aimed at both a hosted and an enterprise-focused offering. The solution is from an experiment from 2020 that aimed to combine SQLite and Git, performing historical queries on code […]
This year is expected to be a slower time for tech IPOs to market. Many VCs and investors continue to review the 2022 IPOs to adjust to future valuations and financial expectations. 2022 saw the number of IPOs decreased by 88%, with proceeds down an incredible 95% compared to 2021, which saw several public listings […]
One growing trend beyond cloud computing is the rise of Edge computing to bring computing power as close as possible to the data sources. Edge data centers and interconnectivity are becoming important as the growth rate increases. Companies are starting to look for ‘Edge as a Service offering. Edge data centers efficiently meet the needs […]
In a recent article, CIO Dive asked six leading CIOs to offer their top enterprise technology predictions for 2023. According to the CIOs, persistent economic uncertainty will push technology into a defensive posture. Companies will take stock of their progress transitioning to the cloud and assess how to extract value from their investments. Inflationary pressures […]
The use of data is predicted to continue to evolve in numerous ways. Availability, scalability, and data-driven decision-making are highlighted as critical requirements. There is also an increasing need for data processing agreements and adherence to data residency regulations. Companies are seeking to consolidate and simplify their data while avoiding siloed pools. The year […]
Over half the CIOs are increasing their use of contractors to secure technology talent. The tech talent shortage has changed the calculus on how to source talent.
The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.
The migration to cloud has been a long journey but companies have made significant progress. About 71% of CIOs have at least 50% of their application workloads in the cloud.
Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities. The second most popular initiative was cloud migration. Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.
Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.
Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.
The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.
As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]
Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]
Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.
Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]
Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?
Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.
Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”
The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications
– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% – Q4 gross margin was 32.1%
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