Intel | April 04, 2022
Intel Corporation today announced an agreement to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software. The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs. Deal terms are not being disclosed.
“Today’s cloud and data center customers demand scalable, high-performance software to make the most of their hardware deployments,” said Sandra Rivera, executive vice president and general manager of the Datacenter and AI Group at Intel. “Granulate’s cutting-edge autonomous optimization software can be applied to production workloads without requiring the customer to make changes to its code, driving optimized hardware and software value for every cloud and data center customer.”
Greg Lavender, chief technology officer, senior vice president and general manager of the Software and Advanced Technology Group at Intel, said: “We are building our portfolio of software optimization tools that offer flexible and scalable capabilities that allow us to meet the growing demand of the ubiquitous compute era. Granulate’s innovative approach to real-time optimization software complements Intel’s existing capabilities by helping customers realize performance gains, cloud cost reductions and continual workload learning.”
While cloud computing and microservices have created a new era of flexibility in distributed applications and deployment scalability, modern architectures have introduced more complex performance issues that are not easily managed by traditional operating systems and runtimes. Additionally, customers often deploy older Linux distributions and application libraries that are not up to date with the latest advancements in today’s high-performance CPUs. Intel is committed to helping its customers ensure they are right-sizing their compute clusters, instance types and cloud deployments.
Granulate’s autonomous optimization service solves these issues by reducing CPU utilization and application latencies. It does this by learning the customer’s application and deploying a customized set of continuous optimizations at runtime. This enables deployment on smaller compute clusters and instance types to improve application performance and drive down cloud and data center costs. Granulate’s service does not require developer intervention nor does it require the customer to make changes to its own code. Optimizations for the latest CPUs can be applied even on legacy Linux distributions and runtimes.
Granulate’s autonomous optimization service enables cloud and data center customers to significantly improve the performance of their deployments, reduce operational overhead and lower application costs.
“Together with Intel, we believe we can help customers achieve meaningful cost reductions and five times the throughput across workloads. As a part of Intel, Granulate will be able to deliver autonomous optimization capabilities to even more customers globally and rapidly expand its offering with the help of Intel’s 19,000 software engineers.”
Asaf Ezra, co-founder and CEO of Granulate
Intel and Granulate’s relationship began in late 2019, when Granulate was part of the first graduating class of Intel® Ignite, the startup accelerator program that taps into Intel’s resources to help early-stage companies succeed. Over the past year, Intel and Granulate have worked together under a commercial agreement to collaborate on workload optimization on Xeon deployments. This collaboration resulted in gains in performance and decreases in costs for customers running on Intel processors. With the acquisition of Granulate, Intel will rapidly scale Granulate’s optimization software, including across Intel’s data center portfolio. Intel is investing in growth opportunities enabled by software, including disruptive end-to-end artificial intelligence and security platforms, services, and APIs.
Transaction Details and Timing
The transaction is expected to close in the second quarter of 2022, subject to typical closing conditions. At that time, Granulate’s approximately 120 employees will be integrated into Intel’s Datacenter and AI business unit.
Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better.
Xerox | February 04, 2022
Xerox Holdings Corporation (NASDAQ: XRX) today announced it has acquired Powerland, a leading IT services provider in Canada, for cash. The acquisition strengthens Xerox’s IT services offerings in North America, which include cloud, cyber security, end user computing and managed services.
Powerland serves customers throughout Canada and provides a wide array of technology solutions and services including cloud, hybrid cloud, cyber security, and end-user computing solutions based on individual business needs. Powerland recently earned 2021 industry accolades including Nvidia Partner of the Year, Dell Marketing Partner of the Year North America, HPE Service Partner of the Year and Tech Data Circle of Excellence.
Today, the ability to quickly adapt to change and remain competitive requires a strong IT partner, Combining the talented teams of Powerland and Xerox IT Services provides a greater value proposition for customers with support, information security expertise and technology solutions from major IT manufacturers. We manage our customers’ technology so they can manage their business.”
Martin Bachant, president, Xerox Canada.
Recent research shows that SMBs will increase their investments in key IT solutions such as cloud infrastructure, managed IT services, collaboration solutions and cyber security. The addition of Powerland will enable Xerox to expand reach in North America to offer increased value to customers throughout Canada.
We are thrilled to join a world-class innovator like Xerox and look forward to enhancing business outcomes and technology transformations for our clients across Canada.”
Curtis Dery, executive vice president, Powerland.
This acquisition continues Xerox’s commitment to expand its IT services business. Xerox acquired both ITEC Connect, a leader in IT services in the UK, and Digitex, an IT services provider in Canada, in March 2020. Xerox acquired Competitive Computing (C2), a Vermont based IT services company, in October 2021. The global IT services market is sized at more than $680 billion annually according to Techaisle.
About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to power today’s workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.
Behavox Ltd. | June 29, 2022
On July 19th, Behavox will host a conference to share the next generation of artificial intelligence in Compliance and Security with clients, regulators, and industry leaders.
The Behavox AI in Compliance and Security Conference will be held at the company HQ in Montreal. With this exclusive in-person conference, Behavox is relaunching its pre-COVID tradition of inviting customers, regulators, AI industry leaders, and partners to its Montreal HQ to deep dive into workshops and keynote speeches on compliance, security, and artificial intelligence.
“We’re extremely excited to relaunch our tradition of inviting clients to our offices in order to learn directly from the engineers and data scientists behind our groundbreaking innovations. “Attendees at the conference will get to enjoy keynote presentations as well as Innovation Paddocks where you can test drive our latest innovations and also spend time networking with other industry leaders and regulators”.
Chief Customer Intelligence Officer Fahreen Kurji
Keynote presentations will cover:
Testing and Quality assurance framework for compliance models.
Increasing employee and data coverage with a new data processing engine built for AI.
Improving accuracy of voice transcription using continuous learning.
The conference will also feature Innovation Paddocks where guests will be able to learn more from the engineers and data scientists behind Behavox innovations. At this conference, Behavox will demonstrate its revolutionary new product - Behavox Quantum™. There will be test drives and numerous workshops covering everything from infrastructure for cloud orchestration to the AI engine at the core of Behavox Quantum™.
What’s in it for participants?
Knowledge on the state of AI in Compliance and Security;
Learn how the industry is approaching implementation of AI in Compliance and Security;
Network with industry experts from all around the world;
Get professional training credits.
Behavox Quantum™ has been rigorously tested and benchmarked against existing solutions in the market and it outperformed competition by at least 3,000x using new AI risk policies, providing a holistic security program to catch malicious, immoral, and illegal actors, eliminating fraud and protecting your digital headquarters.
Attendees at the July 19th conference will include C-suite executives from top global banks, financial institutions, and corporations with many prospects and clients sending entire delegations to the conference. Justin Trudeau, Canadian Prime Minister, will give the commencement speech at the conference in recognition/ celebration of the world leading AI innovations coming out of Canada.
This is a unique opportunity to test drive the product and meet the team behind the innovations as well as network with top industry professionals. Register here for the Behavox AI in Compliance and Security Conference.
About Behavox Ltd.
Behavox provides a suite of security products that help compliance, HR, and security teams protect their company and colleagues from business risks.
Through AI-powered analysis of all corporate communications, including email, instant messaging, voice, and video conferencing platforms, Behavox helps organizations identify illegal, immoral, and malicious behavior in the workplace.
FPT Software | April 29, 2022
Vietnam’s leading IT firm FPT Software has partnered with Squirro – a Switzerland-based Augmented Intelligence solutions provider. Through this partnership, the two companies will offer their customers comprehensive enterprise solutions backed by Artificial Intelligence (AI) to leverage data to its full potential, make better-informed decisions and drive business growth.
The partnership between FPT Software and Squirro will bring value to companies from various industries such as banking and finance, healthcare, manufacturing, among others. FPT Software will promote the application of Squirro’s solutions together with its own diverse product and service portfolio, targeting businesses that are looking to transform into data-driven organizations. With digital consulting experience, fast delivery capability and a presence in 26 countries, FPT Software can help Squirro strengthen its positioning and expand its go-to-market capabilities globally.
"FPT Software is delighted to sign this agreement and partner with Squirro. Squirro's visionary Insight Engine and the Augmented Intelligence solutions allow our end-customers to quickly valorize their information and find relevant insights from all the data sources available.”
Frank Bignone - Global Digital Transformation Director, FPT Software
“Today's competitive advantages rely on turning data into insights. Joining hands with FPT Software, we look forward to combining our visionary Insight Engine and the ability to implement projects in a very short timeframe to provide businesses with value-added Insight Solutions. Relying on a best-in-class project methodology and dedicated experts working with your teams, Squirro, together with FPT Software can unlock hidden insights and leverage the power of your data and help you building a solid competitive advantage,” said Bernd Schopp, Squirro’s Chief Commercial Officer.
More enterprises are turning to cognitive search solutions to extract meaningful and actionable insights from the data they hold, driving the market’s explosive growth. The global cognitive services market is projected to be worth US$15.28 billion by 2023, a jump from US$2.59 billion in 2018, according to global research firm MarketsandMarkets. By region, Asia-Pacific is expected to grow at the highest rate during the forecast period.
Squirro, with its core platform Insight Engine and Cognitive Search solution, has enabled world-leading financial companies including Standard Chartered Bank, Bank of England, Candriam, or ING to make the most of their data sources. In 2021, the company was positioned as a Visionary in the Gartner Magic Quadrant for Insight Engines, and as a Strong Performer in The Forrester Wave™: Cognitive Search, Q3 2021. Leveraging Squirro's capability and its own extensive domain knowledge, FPT Software will be able to provide clients full support for their data-driven transformation needs.
About FPT Software
FPT Software is a global technology and IT services provider headquartered in Vietnam, with USD 632.5 million in revenue and 22,500 employees in 26 countries. As a pioneer in digital transformation, the company delivers world-class services in Smart factory, Digital platforms, RPA, AI, IoT, Cloud, AR/VR, BPO, and more. It has served 700+ customers worldwide, a hundred of which are Fortune Global 500 companies in the industries of Automotive, Banking and Finance, Logistics & Transportation, Utilities, and more
Squirro marries data from any source with your intent, and your context to intelligently augment decision-making - right when you need it!
An Insight Engine at its core, Squirro works with global organizations, primarily in the Financial Services, Insurance, Telecommunications, and Manufacturing industries. Customers include Henkel, Armacell, Ansys, Bank of England, Standard Chartered, ING, and Candriam.