Version 1 and Foundation Risk Partners advance AI integration in Insurance
In a move that supports their respective growth strategies, Version 1 and Foundation Risk Partners (FRP) are working in partnership to implement AI solutions across FRP’s insurance brokerage operations. The collaboration comes as both companies leverage their backing from Partners Group to drive digital transformation in the Insurance sector and transform the quality, accuracy, and […]
IBM lands £1.36bn Emergency Services Network contract
The Home Office has awarded IBM the contract for provision of User Services as part of the Emergency Services Mobile Communications Programme (ESMCP). The deal runs for seven years, with the option to extend for a further two 12-month periods, and could be worth up to £1.36bn. ESMCP is delivering the Emergency Services Network (ESN) […]
AI avatar and video generation startup Synthesia valued at $2bn
UK based Synthesia, which creates AI avatars and AI generated videos and transcripts, has raised $180m (£145.5m) in Series D funding led by NEA, with participation from existing investors including GV, MMC Ventures and FirstMark. The latest funding brings Synthesia’s total capital raised to over $330m, valuing the company at $2.1bn. We have been covering […]
ICS.AI appoints Chief Local Government Officer
UK SME ICS.AI has announced the appointment of Dwayne Johnson (no, not that one) as its Chief Local Government Officer. The company specialises in conversational AI in the public sector (principally local government and health) with its ‘SMART:’ technology platform boasting 12 use case driven copilots, pre-trained on over 4,500 sector-specific topics. With four decades […]
The Digital Pound moves a step nearer
The Bank of England is launching a new lab to provide a sandbox environment for testing in preparation for a central bank digital currency (CBDC). The lab will explore potential use cases, technical designed and business models and facilitate collaboration the development of a digital currency between the public sectors. The news which came via […]
*NEW RESEARCH* UK Police SITS Suppliers, Trends, & Forecasts
New CEO for GlobalLogic
GlobalLogic, the digital engineering subsidiary of Hitachi, has announced its new President & CEO. Srinivas (Srini) Shanker will take over from Nitesh Banga on February 3rd. Banga has spent around six years at GlobalLogic and is now moving on to expore opportunities outside of the Group. GlobalLogic entered the UK market via its acquisition of […]
HCLTech endures a tougher quarter
HCLTech saw global third quarter growth (constant currency) of 4.1% (to $3.53bn), slowing from 6.2% in Q2. Shares in the firm took a hit as a result of the announcement and were trading down around 8.0% at time of writing. By segment, the standout performance came from IT and Business Services, which grew 5.5%. Engineering […]
Eleco’s PEMAC purchase boosts computerised maintenance capabilities
Building lifecycle software company, Eleco plc has acquired Irish SaaS Computerised Maintenance and Management Software (“CMMS”) specialist PMI Software Ltd (PEMAC). The deal, which complements the group’s CMMS ShireSystem brand, comprises an initial consideration of c.€6.0m and an additional earn-out consideration of up to €2.4m payable in two tranches in 2026 and 2027. The transaction […]
Temenos reveals healthy FY24 growth
Leading banking software provider, Temenos, has released preliminary results for its latest full-year (FY24) highlighting strong revenue growth and continued positive momentum. The financials for the twelve months ended 31 December 2024 reveal Annual Recurring Revenue (ARR) of $804m up 12% and total revenue up 5% to $1.044bn (on a constant currency basis). Despite the […]