Market News
Recent Developments
Key Development
- In 2022, Microsoft Corporation, an American multinational technology, revealed that from November 15, Indian customers can pre-order the upcoming surface products, including the Surface Laptop 5 and Surface Pro 9. These pre-orders will be available through various retailers, such as Amazon.in, Reliance Digital, Croma, Vijay Sales, and specific multi-brand stores.
- In 2022, Teamwork, a software company, launches Bandwidth A free virtual summit for agencies, a project management platform that is designed exclusively for client work, known as the only scalable option, officially introduced its inaugural virtual event, named "Bandwidth."
Key Strategic Initiatives
- Microsoft acquisition of fungible: In January 2023, Microsoft Corporation, a U.S based multinational technology declared its intention to acquire Fungible Inc., a technology company specializing in composable infrastructure that is designed to enhance networking and storage performance within data centers, featuring energy-efficient data processing units (DPUs).
- Smartsheet's acquisition of 10,000ft: In 2020, Smartsheet, a collaborative work management platform, acquired 10,000ft, a resource management tool that helps organizations plan and manage resources across projects. This acquisition enhanced Smartsheet's capabilities in resource planning and management, further, strengthening their position in the agile project management software market.