Market News
Recent Developments
New product launches
- Watsonx, IBM: In May 2023, IBM launched watsonx.ai. watsonx.data, and watsonx.governance. It provides its users with cutting-edge machine learning, data handling, and generative AI features for rapidly developing, verifying, optimizing, and implementing AI systems within the organization while ensuring data integrity and compliance.
- ValGenesis VLMS: ValGenesis, a company specializing in enterprise validation lifecycle management solutions, introduced ValGenesis VLMS, a cloud-based software platform designed to automate and streamline the validation process. VLMS offers features such as risk-based validation planning, electronic execution of protocols, and real-time validation status tracking.
- Hewlett Packard Enterprise: In Nov 2022, Hewlett Packard Enterprise unveiled an advanced computing lineup, introducing a cloud-centric operational model tailored for hybrid environments and digital transformation. The freshly introduced HPE ProLiant Gen11 servers offer organizations a set of user-friendly, dependable, and efficiently optimized computing resources, perfectly tailored for a variety of contemporary workloads such as AI, analytics, cloud-native applications, graphics-intensive tasks, machine learning, Virtual Desktop Infrastructure (VDI), and virtualization.
- Wipro Limited: In July 2023, a prominent technology services and consulting firm unveiled Wipro ai360, an extensive innovation ecosystem with a primary focus on artificial intelligence (AI). This initiative capitalizes on Wipro's substantial decade-long investments in AI and aims to seamlessly incorporate AI into all internal platforms, tools, and solutions while extending these AI advancements to clients. Alongside the introduction of Wipro ai360, the company additionally pledged a $1 billion investment in the enhancement of AI capabilities over the coming three years.
Acquisition and partnerships
- ValGenesis Partnership with Valspec: In Oct 2023, ValGenesis, Inc., a prominent figure in enterprise validation lifecycle management systems (VLMS), and Valspec, a worldwide supplier of system validation and lifecycle services, joined forces to expand a comprehensive range of advanced ValGenesis offerings tailored for life sciences customers within the United States.
- Partnership between PSC Biotech and Atsena Therapeutics: In 2020, PSC Biotech, a global life sciences consulting firm, announced a partnership with Atsena Therapeutics, a biotechnology company focused on developing gene therapies for ocular diseases. The partnership aimed to provide CSV services and support Atsena Therapeutics in ensuring compliance with regulatory requirements.