Smarttech247 up 17% in H1
AIM listed cybersecurity services provider Smarttech247 again grew double digits in H1, driven by continued growth of its customer base in the UK, Europe and the USA. As per our various coverage of UK tech stocks recently (See – UK Tech Investment Trusts and their lack of investment in UK Listed Tech), it seems even regular […]
FT.com signs licensing deal with OpenAI
Back in January, several media companies including The New York Times threatened legal action against the use of its content to train OpenAI’s foundation models, fearing significant lost revenues and infringement of their proprietary journalism (See – NYT sues OpenAI and Microsoft). The NYT is not the only ones to go down the legal route, […]
View from the Chief Analyst: CMA & the perceived power of GAMMAN
We have now opened up this piece of research – View from the Chief Analyst – as a ‘free-to-view’ report. If you’d like to access more in-depth research and analysis from TechMarketView, please contact Deb Seth. ——— On 11th April, the Competition and Markets Authority (CMA) published a paper updating on its work reviewing the impact of AI […]
Conduent accelerates its BPS Gen AI push
New Jersey-headquartered Business Process Services (BPS) specialist Conduent has become the latest SITS provider to announce a Gen AI partnership with Microsoft as it looks to use Azure OpenAI services to enhance its digital BPS offer for clients. Conduent’s Gen AI strategy will focus on a range of partnerships with “best in class providers” so […]
*NEW PODCAST* Totally Sust #3: Using AI to better understand climate policy data
In the latest episode in TechMarketView’s series of Totally Sust podcasts, SustainabilityViews’ lead analyst, Craig Wentworth, interviews Henry Franks (Chief Technical Officer at Climate Policy Radar) about how they’re using AI to extract value and meaning from 100,000s pages of climate regulations and data the world over—and what uses this insight is being put to (and by whom). […]
Sorted raises £1.65m seed funding for AI-powered recycling
London-based recycling tech startup Sorted has raised £1.65m in a seed funding round led by Pi Labs with participation from Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, and Antler. Founded in 2022, Sorted’s AI-powered tech (leveraging computer vision, spectroscopy, and coloured lasers) helps waste management companies sort their recyclable plastic based on resin and usage. […]
IFS announces “best” Q1
Cloud enterprise software provider IFS published a strong set of Q1 results towards the end of last week reflecting a strong start to the new FY. Headlines include Q1 software revenue of €217m, an increase of 19% versus Q123, recurring revenue of €209m, up 21% YoY, whilst net revenue was €269m, up 16% YoY. The first […]
HCLTech sees growth pull back in FY24
FY24 results out from HCLTech on Friday showed the firm’s revenue growth dampened significantly in the 12 months to end March 2024. Top line growth dipped to 5.0% (to $13.27bn) from 13.7% in FY23. That 5.0% comprises growth of 6.2% in IT and Business Services, just 1.6% in Engineering and R&D, and 2.3% in HCLSoftware. […]
UK Tech Investment Trusts and their lack of investment in UK Listed Tech
My HotViews article on Friday evening on Darktrace’s acquisition by Thomo Bravo has been viewed over 10,000 times on LinkedIN. Clearly tech readers don’t switch off for the weekend! From the comments, clearly many readers lament the departure of one of the last really exciting large tech companies from the London Stock Exchange. I commented that […]
Dark day for UK tech
Yesterday Darktrace agreed a bid from US Thomo Bravo at $5.3b/620p per share. For more info read Simon Baxter’s HotViews post. I should declare that I have been a Darktrace shareholder since their Apr 2021 IPO at 250p. Indeed I watched in glee as they soon after rose to 945p…before collapsing all the way down […]