Zoom, Datadog among companies in broad new Credit Suisse software view

da-kuk/E+ via Getty Images Analysts at Credit Suisse have taken on the small-and-mid sized software market with a wide swath of new coverage of the likes of Zoom Video Communications (NASDAQ:ZM), New Relic (NYSE:NEWR) and Coupa Software (COUP). The Credit Suisse team, led by managing director Fred Lee, said in an extensive research report that … Read more

Kerala CM Pinarayi Vijayan inaugurates new software lab of IBM in Kochi

Kerala Chief minister Pinarayi Vijayan on Friday inaugurated the new software lab of IBM, a state-of-the-art global innovation centre, at Brigade World Trade Centre inside the Infopark here. The centre will focus on product engineering, design, and development of new products and solutions in the areas of data and AI and automation … Read more

Tesla Recalls Nearly 1.1 Million Vehicles to Update Window Reversing Software

Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration (NHTSA) it would perform an over-the-air software update of the automatic window reversal system. The recall covers … Read more

Tesla recalls nearly 1.1M US vehicles to update window reversing software

(Reuters) — Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration it would perform an over-the-air software update of the automatic window reversal system. The recall covers some 2017-2022 Model 3, 2020-2021 Model … Read more

Software M&A likely to pick up meaningfully, tech banker says (NASDAQ:ADBE)

Maksim Labkouski Deals in the software space are likely to increase next year as companies valuation expectations come down and as private equity looks to use its immense cash hoard, according to a Bank of America banker. “I do think we are going to see an increasingly active M&A market and that’s something that we … Read more

Ethereum blockchain slashes energy use with ‘Merge’ software upgrade

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Elizabeth Howcroft and Maria Ponnezhath Article content LONDON — The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95% less energy, according to the Ethereum Foundation. … Read more

LMS launches DART automated remortgage software

LMS has launched a software programme that allows firms to automate simple remortgage cases. The conveyancing services firm says its DART – Decisioning and Automated Remortgage Technology – software is designed to “simplify the lender instructed remortgage journey”. It says the software allows the end-to-end automation of simple cases from the point of information being … Read more

Application software companies seen with opportunities among a challenging economy

greenbutterfly The market for application software is at risk of a recession hitting the tech sector, but there remain core opportunities for companies in areas where corporate spending is seen as remaining resilient in the months ahead. That’s the opinion of analysts at Citi, where analysts recently initiated or reiterated coverage on almost two dozen … Read more