Market News
Recent Developments
New product launches
- In January 2022, IBM, an American multinational technology corporation, announced Watson Orchestrate, an AI-powered automation service designed to help companies streamline IT service desk operations
- In November 2021, Microsoft Corporation, an American multinational technology corporation headquartered in Redmond, Washington, launched Windows 365, a cloud service allowing enterprises to deploy and run cloud PCs virtually
- In June 2021, Cisco rolled out predictive maintenance capabilities for its Nexus switches to proactively identify hardware issues, develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products.
Acquisition and partnerships
- In October 2022, Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services.Acquired German IT services provider ODDITY to enhance its cloud, infrastructure, and SAP capabilities. Oddity is a Germany-based digital marketing, experience, and commerce agency.
- In August 2022, Tata Consultancy Services is an Indian multinational information technology services and consulting company headquartered in Mumbai. Acquired U.S.-based services firm INSPIRA to boost its healthcare IT consulting capabilities. INSPIRA is a global cybersecurity services organization.
- In April 2022, Wipro is an Indian multinational corporation that provides information technology, consultant and business process services and collaborated with IBM to provide managed services for infrastructure, applications, operations, and cybersecurity through automation innovations
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