Eckoh declines 10% as it looks to go private
H1 results out this morning from UK-based call centre payments specialist Eckoh, outlines declining revenues of -10% to £16.6m with adjusted operating profits down a similar amount to £3.6m. As we saw in the last FY the big plus of late has been the North American business (see Eckoh enjoys life Stateside) which now accounts for […]
Atos Group: A new chapter
Is ‘euphoria’ too strong a word? I’d imagine that’s close to the emotion being felt by Atos Group’ employees this morning on news that the company has completed the final steps of its financial restructuring plan (see Atos: Significant milestone in financial restructuring journey | TechMarketView). Certainly, it is positive news to receive before heading […]
*NEW RESEARCH* Infrastructure Operations: The beating heart of tech
Available now, Infrastructure Operations: Suppliers, Trends, and Forecasts 2024 explains the market trends and supplier landscape using TechMarketView’s unique ‘bottom up’ methodology and leveraging our extensive network of contacts in the UK. Infrastructure Operations: Suppliers, Trends, and Forecasts 2024 details TechMarketView’s market size and growth data for the UK Infrastructure Operations market. It provides expert […]
Crypto startup BVNK secures $50m cash injection
UK cryptocurrency startup, BVNK has successfully raised $50m as it looks to support the growing popularity of stablecoin payments. The Series B funding round was backed by a variety of investors including Haun Ventures and Coinbase Ventures. Launched in October 2021, BVNK aims to expand the use of crypto-based financial services by helping stakeholders to […]
UK Government consults on legal framework for AI and copyright
The UK Government has launched a consultation on how the UK’s legal framework for AI and copyright supports both creative industries and the AI sector. This initiative, part of the UK’s Plan for Change, seeks to address uncertainties around the use of copyright-protected material in AI model training. Currently, uncertainty about how copyright law applies […]
Government digital veteran comes out of retirement
Joanna Davinson (pictured) has emerged from retirement to take up the interim role of Government Chief Digital Officer. The move follows Mike Potter’s departure in September after his two-year tenure. Davinson’s appointment comes after a brief transitional period during which David Knott, the government’s chief technology officer, took the CDDO helm. She brings decades of […]
Databricks secures record $10bn funding round
Data analytics and AI platform Databricks has announced that it’s raising $10bn of Series J funding from Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management (alongside the Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management). This injection of financing – the largest venture capital deal […]
VictoriaMetrics manages massive data flow to optimise major US solar project
Open source time-series database and monitoring software supplier VictoriaMetrics has collaborated with US-headquartered energy storage systems integrator IHI Terrasun (part of the Japan-based engineering firm IHI Corporation) on the $1.2bn Gemini Solar + Storage project in Nevada. Gemini Solar + Storage is designed to provide clean energy for up to 10% of the state’s electricity […]
TCS signs up to transform Chorley Building Society
The UK Building Society sector has proved a happy hunting ground for TCS in recent years and where its BaNCS suite of products have become a platform of choice among lenders. TCS has a strong track record of signing up top UK Financial Services providers across all segments of the market, ranking first in our […]
*UKHotViewsExtra* 1Password expands in the UK targeting SMBs
1Password, a provider of identity and access management solutions, is making the UK a key part of its expansion strategy in the EMEA region. Spearheading the effort is former Cisco executive Ollie Cheal, now General Manager for EMEA at 1Password. I recently caught up with Cheal to understand more about the company’s growth plans and […]