Rockwell Automation Successfully Acquires Plex Systems to Expand Cloud Offering

Rockwell Automation has completed the acquisition of Plex Systems, which is a leading cloud-native manufacturing platform. Rockwell Automation has agreed to acquire Plex for $2.22 billion in cash. In addition, both the companies have agreed to provide a modern and robust infrastructure for cloud-native platforms. With this deal, both the firms will expand their cloud-based market worldwide.

Plex will offer a single-instance, multi-tenant SaaS manufacturing platform, including advanced manufacturing execution systems, quality, and supply chain management capabilities. The company has around 700 customers and manages more than 8 billion transactions per day. Its software capabilities will be further differentiated by Rockwell Automation's global market access, turning real-time data into actionable insights.

Also, Plex's platform will help its customers to connect, automate, track, and analyze their operations and connected supply chains. The acquisition will be a combination of cash and short-term and long-term debt. It is reported that the acquisition is expected to close in Rockwell Automation's fiscal fourth quarter. As a part of this acquisition, Rockwell Automation will add more than 500 new employees to design, operate, and maintain production automation and management systems.

 

 

Microsoft Updates Windows to Version 11

Microsoft is all set to launch its most anticipated and much-awaited updated version of the operating system for PCs - Windows 11 in an online event. During the event, the Redmond-based company will launch the successor to Windows 10, which was launched back in 2015. Windows 11 is set to bring an upgraded Start Menu, a new look for the taskbar, and many other changes.

Windows 11 is also expected to come as a free upgrade to Windows 10. The company has stated that it will also be available as a free upgrade to Windows 7 and Windows 8 users. Windows 11 is expected to be available to Windows 10 users soon after its launch and announcement. The Windows 11 event from Microsoft will commence today at 11 am ET (8:30 pm IST) and will be live-streamed.

Interested people can watch the live stream from the Windows event page on the official Microsoft website. Microsoft has already teased a "new version of Windows" without confirming the name. The company recently has released a video teaser with the new startup sound, a part of the next-generation Windows. It is also said that the new PC operating system will come with a unique design.

 

Microsoft Joins Apple and Other Tech Giants in Exclusive $2 Trillion Club

Microsoft Corporation has scripted its name in the history books as the second US public company to reach a $2 trillion market value, in cloud computing and enterprise software will expand further in a post-coronavirus world. Its shares rose as much as 1.2 per cent in New York which was enough for the software company to join Apple Inc. as one of only two companies that is trading at a lofty value before closing pennies short of the mark at $265.51.

Microsoft has gained 19 percent so far this year, outperforming Apple and Amazon.com Inc. The company is expecting for a long-term growth for both earnings and revenue, and expansion in areas like machine learning and cloud computing. Its third-quarter results, released in late April, topped expectations that demonstrated strong growth across its business segments.

Microsoft is now focusing to become the largest seller of cloud-computing software, counting both its infrastructure and Office application cloud units. It is also the only one of the biggest U.S. technology companies that has so far evaded the recent wave of scrutiny from increasingly active American antitrust regulators by giving it a freer hand in both acquisitions and product expansion.

 

Telecom Giants Vodafone Idea partners with Cisco to improve 4G and 5G user experience

Telecom industry giant Vodafone Idea (Vi) in a recent announcement has stated that it will collaborate with Cisco to improve its already existing 4G network and, in the future, 5G use cases to offer better quality experience for its customers. The company further added that it would work with Cisco to design and build a cost-efficient network architecture that drives greater speed to market in 4G, 5G, Cloud, and IoT.

Vi has said that it would be adding Cisco’s new ultra-packet core to its network architecture to deploy new software applications and services such as voice-over Wi-Fi. With this, Vi is committed to providing seamless connectivity to its customers and to enhance user experiences that is empowered by an intelligent and automated network offered by Cisco.

The Department of Telecommunications (DoT) has allocated 5G trial spectrum in various bands to various telecommunication networks such as Airtel, Jio, and Vi to develop robust 5G use cases. Airtel and Jio have already commenced their 5G trials to test peak speed, latency, and data loads. Vi, however, is yet to begin its 5G trials soon.

 

Ezbob launches all-new modular and robust SaaS platform

Ezbob, in a recent press meet, has announced that it has launched a new modular SaaS platform Ezbob Express. This new platform primarily focuses on three important needs -  offering financial service providers the flexibility that fills the gap in their digital transformation strategies, allowing them to make more precise complex credit and risk decisions in real-time that facilitate the growth of embedded finance.

Ezbob has stated that the new Express customer acquisition platform will have a modular approach that enables financial institutions with gaps in their digital channel to add the functionality needed to achieve a customized digital experience. The new modules will include UX & Process Design, Compliance & Authentication, Credit & Risk Decisioning, and Product Recommender.

Organizations that use Ezbob Express's robust API strategy can now embed a financial service into their purchase process, like customer accounts opening, credit card applications, consumer and business loans, overdraft facilities, asset finance, and invoice financing. It allows financial service providers to transform their customer onboarding into a highlighted, streamlined, automated digital journey by reducing customer input by 75 percent and increasing completed applications by 400 percent, which is a quick and seamless process.