Tag Archives: Software

Rockwell to take $1 billion stake in software maker PTC
June 11, 2018 6:06 pm|Comments (0)

(Reuters) – Factory automation equipment maker Rockwell Automation said on Monday it would buy an 8.4 percent stake in PTC for $ 1 billion as it looks to build on its software capabilities to make smarter manufacturing processes for customers.

Rockwell — which makes electronic motor starters, relays and timers for industries — has been strengthening its capabilities in the so-called Internet of Things (IoT), or technology that allows different devices and systems to communicate with each other over the internet.

Shares of PTC, which offers computer-aided design (CAD) programs as well as lifecycle management software for manufacturers, rose as much as 10.2 percent to a record $ 95.88.

“We do view this agreement as a strategic positive for PTC as it will help open the doors into thousands of companies that traditionally have not used PTC for its core CAD capabilities,” JP Morgan analyst Sterling Auty wrote in a note.

As part of the deal, Rockwell will acquire 10.6 million newly issued PTC shares for $ 94.50 per share, to become its third-biggest shareholder.

The per-share price represents a premium of 8.6 percent to software maker PTC’s close on Friday.

Leveraging Rockwell’s domain expertise with PTC’s technology will help companies to capitalize on the promise of industrial IoT, PTC Chief Executive Officer Jim Heppelmann said.

Rockwell Automation’s chairman and Chief Executive Officer Blake Moret will join PTC’s board after the deal closes, which is expected within the next two months, according to a joint statement.

Morgan Stanley & Co LLC was the financial adviser to PTC, while Goldman Sachs & Co LLC advised Rockwell.

Goodwin Procter LLP was PTC’s legal adviser to PTC, while Foley & Lardner LLP advised Rockwell.

Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta


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BlackBerry to provide software for Jaguar Land Rover EVs
March 22, 2018 6:00 am|Comments (0)

(Reuters) – BlackBerry Ltd and Tata Motors Ltd’s Jaguar Land Rover (JLR) said on Thursday they reached a licensing agreement to use the Canadian company’s software in the luxury car brand’s next-generation electric vehicles.

FILE PHOTO: A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in this June 23, 2015. REUTERS/Mark Blinch/File photo

BlackBerry will provide its infotainment and security software to JLR, in the Canadian firm’s latest licensing deal for its autonomous-driving technology after similar agreements with Qualcomm Inc, Baidu Inc and Aptiv Plc.

BlackBerry’s QNX unit, which makes software for computer systems on cars and has long been used to run car infotainment consoles, is expected to start generating revenue in 2019.

Its Certicom unit focuses on security technology and serves customers such as IBM Corp, General Electric Co, and Continental Airlines.

JLR, which was bought by the Tata group in 2008, said last year that all its new cars would be available in an electric or hybrid version from 2020.

Britain’s biggest carmaker said in January it would open a software engineering center in Ireland to work on advanced automated driving and electrification technologies.

Reporting by Ismail Shakil in Bengaluru; Editing by Amrutha Gayathri


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Reddit’s Alexis Ohanian Thinks Software Will Dominate Venture Capital
February 8, 2018 6:02 pm|Comments (0)

This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here.

Reddit co-founder Alexis Ohanian announced Wednesday that he would be stepping down from his daily role at the company (he will continue to serve on Reddit’s board).

Ohanian said he will return to Initialized Capital, an early-stage VC firm he co-founded with Garry Tan, as a full-time general partner. The firm has more than $ 250 million in assets under management, and its investments include Coinbase, Instacart, Zenefits, Opendoor, Soylent, and Cruise Automation.

Now, he plans to double down on investment opportunities in emerging technologies such as blockchain, and says the firm will participate in upcoming initial coin offerings.

“The threat that ICOs pose long-term are to VC firms that aren’t very good because the onus will be on investors to justify why founders should take their money and not use other ways to get it,” he told Term Sheet. “We’re up for that challenge.”

How do they plan to do this? Ohanian says his focus for 2018 is to roll out software that will automate some investment decisions. This may also increase deal flow diversity and help founders gain access to the firm’s network more efficiently.

“It’s a challenge for all of venture,” he said about investing in non-white-male founders. “We have to get it right. Believe me, I used to think about this before I had a black daughter, and I really think about this now on another level because it’s so personal to me.”

As we’ve seen with Social Capital’s “capital-as-a-service” platform, diversity improves when human bias is taken out of investment decision-making. For context, Social Capital evaluated nearly 3,000 companies during its private beta and committed to funding several dozen across 12 countries. CEO demographics skewed 42% female and majority non-white.

Though Ohanian wasn’t familiar with Social Capital’s data-focused investment platform, his response to the findings was, “hell yeah.” So why aren’t more firms fully embracing the data?

“It’s ironic because venture capital firms talk about investing in founders who are building the future and replacing file cabinets with software and yet venture is so technologically backwards,” he said. “That’s because very, very few people running these firms are product people.”

It looks like data-driven venture investing will only accelerate in the future. It remains to be seen how well quantitative recommendations are accepted in a world of big personalities and a strong belief in “the pickers.”


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Siemens prepares for industrial software consolidation
January 24, 2018 6:01 pm|Comments (0)

BERLIN (Reuters) – Germany’s Siemens is preparing for an eventual consolidation of platforms competing to provide businesses with factory software, its digital factory division head said.

While digitally enhanced manufacturing is still in its infancy, competition is already fierce, as evidenced by Emerson Electric’s failed $ 29 billion bid to buy Rockwell Automation last year.

“Initially there is a high number of players and then over time consolidation happens,” Klaus Helmrich said on Wednesday at the launch of a global user organization for Siemens’ MindSphere platform, which competes with General Electric’s Predix and others to help customers gather data from machines.

“I don’t think we will end up with one platform worldwide. There will be a handful or two handfuls in the mid to more distant future,” Helmrich said, comparing the proliferation of industrial software platforms with the smartphone industry, which has ended up being dominated by Apple and Samsung.

MindSphere gathers data from devices, then uses it to help customers design products faster and optimize processes. Last month Siemens said it is partnering with Amazon Web Services (AWS), the most popular cloud provider.

Siemens already has more than 800,000 intelligent sensors in buildings and machines, including trains and healthcare equipment, putting it in a strong position, Helmrich said.

“It is a solid basis for the start of the business and makes us optimistic about scale effects,” he said, adding that being first to gather a critical mass of software developers and users is crucial to winning customers, much as Apple’s large developer community made its app store the most attractive.

Siemens on Wednesday launched a user organization with 18 partners including German robotics firm Kuka and factory developer Eisenmann to help them develop the platform and set out rules for data use.

Reporting by Emma Thomasson; editing by Alexander Smith


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CloudClinik: Zong Launches Pakistan's First Cloud-Based Healthcare Software
February 10, 2017 12:25 pm|Comments (0)

Around the world, healthcare reform has mandated that it is time for healthcare sector to be modernized and cloud computing is at the heart of this …

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Siftery Ranks Business Software With Release of Trending Products
January 30, 2017 11:45 am|Comments (0)

Siftery launched Trending Products, a live ranking of the most recommended business-to-business and enterprise software solutions from a growing database of more than 12,000 software products.

(PRWeb January 30, 2017)

Read the full story at http://www.prweb.com/releases/2017/01/prweb14024688.htm


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Facial Recognition Software Lets You Find a Camgirl Who Looks Just Like Your Crush
September 30, 2016 2:35 pm|Comments (0)

Megacams.me, a site that touts itself as a “live sex search engine” has just introduced its latest feature: a search function that lets you upload pictures of your crush to find camgirls that look just like her.

Read more…


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7 Ways Cloud-Based Technology Is The Future Of HR Software
August 18, 2016 1:00 am|Comments (0)

Cloud computing technology integration with traditional Human Resource software leads to a massive competitive advantage and provides overall …



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Gartner: Cloud will be the “default option” for software deployment by 2020
June 22, 2016 6:55 pm|Comments (0)

By the year 2020, it will be a cloudy world.

Researchers at Gartner are out this week with new predictions on what the infrastructure computing market will look like in the coming years. And they’re very bullish on the cloud. The combination of end users gaining comfort with using cloud services combined with vendors shifting to primarily offering software from the cloud means that cloud will be the dominate software deployment model within three and a half years.

+MORE AT NETWORK WORLD: 20 Highest paid tech CEOs | Cloud or on-prem? This data company says they do both +

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Traditional software giants are starting to kick it in the cloud — so what's next?
June 16, 2016 5:20 pm|Comments (0)

For years the benefits of the cloud have been the subject of much debate within the IT industry. In the past, sceptics claimed that the cloud wasn’t …

Cloud Computing

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