Washington, United States. 22 July, 2022 – U.S. Conference of Mayors (USCM) president Miami Mayor Francis Suarez named Seattle Mayor Bruce Harrell as the first chair of the organisation’s new standing committee on technology and innovation. The new committee will examine broadband deployment, cybersecurity, and city digital services, as well as promote best practices and help set the conference’s policy on these and other related issues. (more…)
July 25, 2022
Posted by: Janmesh Chintankar
A Dorset project has been awarded funding to conduct cutting edge research with the wireless technology provider. (more…)
July 14, 2022
Posted by: Shriya Raban
7 June 2022 – Mouser Electronics, Inc. will be exhibiting at start-up and tech event, taking place in Paris from June 15 – 18, 2022. The Viva Technology show acts as a catalyst for digital transformation with technologies including robotics, drones, and virtual and augmented reality. (more…)
June 8, 2022
Posted by: Shriya Raban
Leuven, Belgium. 6 June 2022 – Septentrio, a specialist in high-precision GNSS positioning solutions, launches OSNMA (Open Service Navigation Message Authentication) on their high-end PolaRx5 reference receiver series. OSNMA offers end-to-end authentication on Galileo’s civilian signals, protecting receivers from GNSS spoofing attacks. (more…)
June 7, 2022
Posted by: Shriya Raban
Hanoi, Vietnam. 30 May 2022 – Vietnam’s IT firm, FPT Software, has recently entered a strategic partnership with Silicon Valley AI and machine vision provider Landing AI. Both companies will tap into their Artificial Intelligence (AI) expertise, deploy end-to-end visual inspection solutions, and promote the adoption of computer vision across industries. (more…)
May 31, 2022
Posted by: Shriya Raban
Sunnyvale, California – Quanergy Systems, Inc., a provider of LiDAR sensors and smart 3D solutions, announced that Audio Technology has selected Quanergy to provide perimetre intrusion detection to reduce false alarms, provide real-time tracking and classification, all while working under any lighting conditions. (more…)
May 26, 2022
Posted by: Shriya Raban
Sofia, Bulgaria. 25 May 2022 – EnduroSat, a provider of software-defined NanoSats and Space services for business and academia, announced that open source, hybrid cloud and AI technologies from IBM and Red Hat are part of its second mission, which is scheduled to launch to low earth orbit at 2:25 PM ET today. (more…)
Posted by: Shriya Raban
Tampa and San Francisco, United States. 16 May, 2022 – Syniverse, communications technology provider to carriers and enterprises, and Twilio, the customer engagement platform that drives real time, personalised experiences for today’s brands, announced that the companies have closed on their previously announced strategic partnership. Twilio has invested [$750 million (€720.50 million)] for common equity in Syniverse, and the two companies have expanded their strategic and commercial partnership. Twilio is now a significant minority owner of Syniverse with Carlyle maintaining its majority stake.
Under the terms of the transaction, Twilio has invested [$750 million (€720.50 million)] in Syniverse, with Syniverse concurrently having raised [$1.025 billion (€0.98 billion)] in new term loan debt and [$340 million (€326.63 million)] in new preferred equity, the proceeds of which were primarily used to reduce leverage.
Syniverse’s chief executive officer Andrew Davies comments, “This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world. Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetise the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders.”
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalise on the next wave of growth in digital communications. Syniverse will also be even better positioned to serve its carrier customers and support continued innovation, customer service and lasting growth.
Simon Khalaf, Twilio’s senior vice president and GM of communications Platform, says “We are pleased to have closed this partnership and investment to accelerate the next wave of innovation in mobile communications and drive long-term growth.”
James Attwood, senior advisor at Carlyle and Chairman of Syniverse, says “Today marks a new day for Syniverse and for Carlyle’s investment in the business. We look forward to continuing to partner with Syniverse and Twilio to accelerate the next wave of innovation in intelligent connectivity and communications.”
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May 16, 2022
Posted by: Janmesh Chintankar
Herndon, United States. 16 May, 2022 – ST Engineering iDirect, a global provider in satellite communications, will provide internet service provider and longtime customer, InterSAT Communication Services FZCO, with a significant technology upgrade, enabling it to deliver enhanced services to its customers across the African continent. The upgrade to its existing evolution platform will allow InterSAT to leverage new technologies and efficiencies to remain competitive in an increasingly challenging market. (more…)
Posted by: Janmesh Chintankar
San Jose, CA., USA. 11 May 2022 – Sharper Shape Group, Inc., a specialist in powerline inspection solutions for the utility industry has completed a US$18.0 million (17.28 million) Series B round, with participation from the Michael Harvey Trust as lead investor. (more…)
May 12, 2022
Posted by: Shriya Raban