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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue.

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Consulting, software boost IBM revenue as it turns to AI

CIO

Strong performances in software and consulting helped IBM’s profit and revenue increase in the first quarter, even as a post-pandemic slowdown hit much of the technology industry. IBM’s software and consulting revenue both rose 3% year over year. Enterprise Applications, IT Consulting Services, Technology Industry

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CodeSignal secures $50M for its tech hiring platform

TechCrunch

They, along with Sophia Baik, started CodeSignal in 2015 to act as a self-driving interview platform that directly measures skills regardless of a person’s background. At the same time, employers are able to assign each candidate the same coding task based on the open position. “Hiring talent is the No.

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Gen Z social app Yubo rolls out age ‘estimating’ technology to better identify minors using its service

TechCrunch

Yubo , a social livestreaming app popular with a Gen Z audience, announced today it’s becoming one of the first major social platforms to adopt a new age verification technique that uses live image capture technology to identify minors using its app, in order to keep them separated from adult users. ” Image Credits: Yubo.

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Lilt raises $55M to bolster its business-focused AI translation platform

TechCrunch

Lilt , a provider of AI-powered business translation software, today announced that it raised $55 million in a Series C round led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures. San Francisco, Calfornia-based Lilt was co-founded by Green and John DeNero in 2015. A robust market.

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Choice Hotels’ all-in cloud journey to sustainable business value

CIO

Kirkland, a founding member of SustainabilityIT.org, an organization to drive global sustainability through technology leadership, says Choice was the first hospitality company to make a strategic commitment to developing a cloud-native and sustainable platform on AWS. I am in the business of hospitality.

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SAP cloud sales jump, fueling a rise in revenue

CIO

Fueled by strong sales of cloud-based ERP software that more than offset a decline in revenue from on-premises applications, SAP revenue jumped in the third quarter compared to the year-earlier period, according to company’s quarterly financial report, released Tuesday. SAP’s cloud and software revenue for the quarter rose 14% to €6.71

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