Twitter acquires Indian startup ZipDial

NEW DELHI: Social networking giant Twitter has acquired Indian startup ZipDial, a Bangalore-based mobile VAS company, came into prominence with its implementation of missed calls for user verification, alerts and other use cases.

Rishi Jaitly, market director, India & Southeast Asia for Twitter shared the news through a blog post. “On behalf of our India operations, I’m delighted to welcome ZipDial’s leadership, employees and a new office in Bangalore to the spirited team that is @TwitterIndia,” he said.

While the monetary value of the deal has not been disclosed, an earlier report by TechCrunch mentioned that the deal had been closed between $30 to $40 million.

It appears that the acquisition will enable Twitter to reach out to users with feature phones or erratic mobile data connectivity, bringing on-demand alerts when users make missed calls (a call that disconnects before the other party answers).

ZipDial becomes Twitter’s first acquisition in India. In 2013, there were rumours that Twitter was in talks to acquire an India-based startup, Frrole, a Big Data company that analyses tweets by Twitter users to generate insights for media, consumer and entertainment verticals. However, the deal never materialised.

ZipDial was co-founded by Valerie Wagoner, Amiya Pathak, and Sanjay Swamy.

The company had previously partnered with Twitter to offer tweets from celebrities such as Shah Rukh Khan and Amitabh Bachchan as text messages to users when they registered by dialling a preset number and hanging up (essentially making a missed call). During the 2014 elections, two national political parties – BJP and Indian National Congress had worked with Twitter and ZipDial to make their Twitter accounts accessible to all users in India on via phones through ZipDial’s missed call-based alerts service.

ZipDial had also partnered with Facebook to offer updates from brands through its Facebook Click2Call ad service. It created mobile ads for brands that featured buttons to make a missed call and users received information via voice and text messages about the brand.

Source: PTI

The Latest Software Testing News department was not involved in the creation of this content.

Infosys sets up $250-mn fund for start-ups

Software major Wednesday announced a $250-million (Rs.1,550-crore) ‘Innovate in India’ fund to financially support start-ups.

Infosys chief executive Vishal Sikka, who met Prime Minister Narendra Modi here, said the fund would invest in promising Indian firms.

“As start-ups represent vision, hope and the entrepreneurial spirit of India, we will invest in great start-ups to amplify their engineering and operations and help in taking their innovations to market at scale,” Sikka said.

Asserting that next-generation solutions built on emerging computing technologies would dramatically reshape, he said the company would work with innovative firms to strengthen their collective potential and accelerate the success of the prime minister’s ‘Digital India’ mission, aimed at helping people gain benefits from the latest in information technology.

The board of the $8.3-billion outsourcing major Jan 9 expanded its innovation fund to $500 million from $100 million to accelerate the creation of its worldwide ecosystem of innovation.

The fund will also be used to invest in young companies innovating in next-generation solutions and technologies such as artificial intelligence, automation, pervasive connectedness and collaborate and design technologies.

Source: PTI

The Latest Software Testing News department was not involved in the creation of this content.

Tech Trailblazers Awards finalist voting deadline approaches

Who will be named this year’s enterprise tech startup stars? Only 3 days left to support your favourite finalists

London, UK – 14th January 2015 – The Tech Trailblazers Awards, the first annual awards program for enterprise information technology startups, will be closing their online voting on 16th January at 23.59 Pacific time. Startups from a range of enterprise IT areas were handpicked by the esteemed judging panel of industry experts, with the general public currently deciding who will be crowned this year’s Tech Trailblazers.

Click here to view the finalists and make your mark: www.techtrailblazers.com/award-categories

The Tech Trailblazers has welcomed finalists from around the globe, in the categories of Big Data, Cloud, Emerging Markets, FinTech, IoT, Mobile, Networking, Security, Storage, Sustainable IT and Virtualization. This edition also introduced the Firestarter award, designed for category startups 2 years and younger, and below Series A funding. It was created to ensure entry fees were not a barrier for new startups still securing major funding from VCs.

Aside from exposure to industry experts and recognition in the media, winners can look forward to prizes to make their business even more successful.

Rose Ross, Chief Trailblazer and founder of the awards said “We look forward to announcing the winners soon, and with only 3 days left to vote we await the final scores on the doors to round the competition off. We’ve seen such a high standard of compelling technologies this year across all categories, including some fantastic ideas and solutions in our newcomer areas of FinTech and IoT (Internet of Things). If you haven’t voted yet, head to www.techtrailblazers.com/award-categories to help decide the finalists’ fate in the awards!”

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Infosys beefs up startup fund’s value to $500 million

BANGALORE: India’s second-largest software services firm Infosys will expand its ‘Innovation Fund’ five times to $500 million to provide financing to startups and new technologies like artificial intelligence.

“I am very excited that our board has approved expanding our start-up funding firm from $100 million to $500 million and we will dedicate a part of that investing in India,” Infosys CEO and managing director Vishal Sikka said.

The Innovation Fund was formed to fund startups and other innovative businesses outside the company.

Sikka said the company will chart out the details of using the funds in another three months time. The fund will invest in startup companies from across the world and will have a special focus on India, he added.

“Today, we are announcing a $500 million fund and it will take time, of course, to draw down from this fund that will start investing in companies from around the world, but we also want to have a dedicated focus especially on Indian startups,” Sikka said.

In August last year, Sikka had spoken about a new strategy, focused on renewing core business while building new capabilities like design thinking at the same time.

This, Sikka said, will help the 33-year old firm regain its industry bellwether status. In December, Sikka had said Infosys is focussing on entering new segments and acquiring small innovative companies, working on “technologies of tomorrow” like artificial intelligence (AI), automation, Internet of Things (IoT) as well as collaboration and design technologies.

Source: PTI

The Latest Software Testing News department was not involved in the creation of this content.

Over 50% Indian tech startups may move overseas in 2015

A mass exodus of tech startups is expected this year as an increasing number of young ventures shifts overseas in search of investors and a better regulatory environment and facilities unless the government takes steps to reverse the trend.

A software product industry think tank estimates that as many as 75% of new technology startup firms, ranging from data analytics, mobility and security to cloud that intend to raise seed or venture capital will be domiciled outside the country.

“If we also raise next round of funding, we would also be pushed to move base to Singapore,” Shivakumar Ganesan, co-founder of cloud telephony startup Exotel, said at an event in Bengaluru. Competitor Knowlarity has already moved to Singapore.

Considering we are in India, selling and building in India, I don’t see why I should be breaking my head to move to Singapore, Hong Kong or other such places,” said Ganesan.

Ganesan will be part of a wave of entrepreneurs looking to relocate their tech startups in countries such as Singapore, the UK and the US as the regulatory environment in India makes it difficult for raising funds, mergers & acquisitions and tax-related issues. “Yes, there is an exodus taking place. In 2015, it is projected that three of four new technology startups that focus on the global market and plan to raise seed or venture capital will be domiciled outside India,” said Sharad Sharma, co-founder of iSPIRT (Indian Software Product Industry Roundtable), a think tank. “This is like the 18th century East India Company invasion. The enormous value that is being created in tech industry is leaving our shores.”

Nine of the top 30 business-to-business software product companies by market capitalization have already relocated to the US, Singapore and the UK, according to iSPIRT’s first Software Product index (iSPIx), which tracks the growth of the industry. These 30 companies are worth about $6.2 billion (Rs 39,137 crore), employing almost 18,000 people, according to the index.

Top Indian companies such as online retailer Flipkart and mobile advertising firm InMobi have re-domiciled to Singapore. Hungry for intellectual property, the government and investors in these countries are welcoming Indian tech companies with a red carpet.

A Singapore-based investor even offered $100 million (Rs 632.7 crore) in funding and infrastructure costs for 10 years to InMobi on condition that it increases its decision sciences team from 25 to 200 in the island nation, according to a person with direct knowledge of the talks.

Source: PTI

The Latest Software Testing News department was not involved in the creation of this content.

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