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AXEDA CORPORATION
Indian infotech services firms investing in Silicon Valley startups rather than local onesIndustry insiders say that India is far from producing world-class enterprise startups that are capable of producing disruptive ideas and s...- TK Kurien has a lot to fix to get Wipro back on growth pathSince January 2011, when he took over as the CEO replacing two joint CEOs, he has been battling to get Wipro’s revenue growth to catch up.
- Investments in startups by Infosys, Wipro, others not a sound strategy: AnalystsInfosys, Wipro, Tech Mahindra and Persistent Systems have set up venture capital arms to enter the world of startups in hope of finding inn...
- Wipro picks up stake in cloud app systems company DrivestreamWipro today said it has acquired a minority stake in cloud applications systems integrator Drivestream for $5 million.
- Intel Capital's Venu Pemmaraju & company veteran Biplab Adhya to lead Wipro's startup investmentsIntel Capital's Venu Pemmaraju and Oracle’s Biplab Adhya will lead the team, and report to Rishad Premji, the chief strategy officer.
- Infosys expands startup fund five-fold, appoints former M&A head Deepak Padki to lead itThe $100 million innovation fund was created in 2013, but experts said the entry of Vishal Sikka as CEO would make the company put the capi...
- Wipro, Infosys outpacing each other to meet demands in unfavourable global environmentOf late, both of them have lost quite a bit of their sheen as they struggled to adjust with changing customer demand in an uncertain global...
- Wipro sells 8% stake in US-based startup Axeda, bought after Rishad Premji took over as strategy headThe Bangalore-based company was made to exit after Nasdaq-listed PTC bought Axeda for $170 million in cash in July this year.
- Rishad Premji led investments bring big bucks to WiproRishad, son of chairman Azim Premji, has led the company to also invest in two startups, the valuation of one of them has more than tripled...
- Rishad Premji leads hunt, Wipro eyes tie-up with 3 startupsIndia's third-largest IT services company is in talks with startups Flytxt, 99tests and Avekshaa Technologies for strategic tie-ups.
- Rishad Premji to spearhead Wipro’s venture arm, company to invest up to Rs 600 crore in startupsOver the past few years, Wipro has already made minority investments in two such startups, namely Axeda and Opera.
- Tech Mahindra may buy stake in social business startupTech Mahindra is discussing a stake acquisition in social business intelligence startup Simplify360, as part of strategic initiatives to bo...
- SMAC: Combining technologies is the next big infotech revolutionAlthough the company coined the acronym widely used in the industry, Cognizant was not expecting big revenues quickly from SMAC.It is set t...
- IT companies HCL, Wipro lean on startups to win big bids; save time and resourcesIT cos partner with tech startups to complement portfolio offerings as building their own solutions would be time-consuming and resource-in...
- Wipro investS $5 million in cloud and M2M services provider Axeda CorporationWipro will receive top-priority commitment from Axeda and preferential benefits like dedicated access to Axeda's trained technical resource...
- Wipro, Axeda form global alliance for M2M solutionsWipro today said it has inked a pact with Axeda Corp to offer end-to-end solutions for leveraging machine-to-machine (M2M) communication.
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