UK startup Vega simplifies alternatives processeing
UK-based investment technology startup, Vega, has secured investment worth $20m for its innovative “Alternatives-as-a-Service” proposition. The Series A funding round was led by two backers, Apollo and Motive as Vega looks to scale its fledgling operations. Founded in 2022 by 30-year-old French national, Alexis Augier (CEO), Vega is developing a distribution operating system “AltOS” for […]
Totalmobile expands local authority presence with Chesterfield deal
Field service management software specialist Totalmobile has announced a partnership with Chesterfield Borough Council which will see the supplier implement its Connect, Mobilise, and Protect solutions to support the transformation of the Council’s housing repair service. Connect and Mobilise will provide Chesterfield with dynamic job scheduling and optimised routing—improving operational efficiency, whilst Totalmobile’s Lone Worker […]
Giacom acquires Inform Billing
Giacom, the SME-focused cloud marketplace provider, has acquired Inform Billing for an undisclosed amount. Inform Billing provides billing solutions for resellers and Managed Service Providers (MSPs), Giacom’s core customer base. The move is a canny one, enabling Giacom to bring new IP-based billing capabilities into its Cloud Market Tools suite for channel partners. The intention […]
Regulators to oversee SITS providers to protect UK Financial Services
UK regulators have issued details of new rules relating to technology providers working within the UK Financial Services sector. In a policy statement issued jointly by the Bank of England, Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) the regulators have provided feedback on their recent industry consultation and issued final policy details. […]
Experian delivers healthy H1 revenue growth
Global data and technology provider, Experian plc, has released its latest H1 (FY25) results highlighting healthy growth in revenue and profitability. The financials for the six months ended 30 September 2024 reveal that revenue rose by 6% on the same period last year to $3.63bn whilst operating profit was up by 10% at $880m. At […]
The pace of AI LLM innovation is slowing
There are reports across various media outlets yesterday that OpenAI is adjusting its strategy as it sees slower performance gains in the large language models (LLMs) that power ChatGPT. The company’s upcoming model codenamed Orion, the successor to GPT-4, is believed to represent a smaller improvement than the leap in quality from GPT-3 to GPT-4. […]
Endava’s recovery gathers momentum
An above guidance performance in Q1 has kept Endava on track to deliver double digit revenue growth in FY25. Turnover at the digital SI, which saw its sales shrink during the last fiscal (see here), increased by 5.2% yoy at constant currency to £195.1m for the three months ended 30th September. The firm’s improved market momentum did […]
*NEW RESEARCH* UK Enterprise Software: Suppliers, Trends, and Forecasts 2024
UK Government’s SME journey
Last week, it was brilliant to sit alongside such an esteemed panel, with vast experience, as we discussed bringing the best-in-class innovation to the UK public sector. It was an excellent event hosted by Form1 Partners (John Downes, Matt Bunn, Ellie Drury). Thank you to my fellow panellists for making the panel fun and the […]
*HotViewsExtra* Scottish Fire & Rescue turns to Motorola for new mobilising system
Scottish Fire & Rescue Service (SFRS) has selected Motorola Solutions to provide its new command and control mobilising system (CCMS). The deal is worth £29.5m over its seven-year term (with the option to extend for a further three years). The contract was awarded under a negotiated procedure without the prior publication of a contract notice […]