Software business – Turtleneck Software http://turtlenecksoftware.com/ Tue, 21 Jun 2022 02:09:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://turtlenecksoftware.com/wp-content/uploads/2022/01/icon-2022-01-28T185659.767-150x150.jpg Software business – Turtleneck Software http://turtlenecksoftware.com/ 32 32 £1.24bn bid for healthcare software firm https://turtlenecksoftware.com/1-24bn-bid-for-healthcare-software-firm/ Mon, 20 Jun 2022 11:08:27 +0000 https://turtlenecksoftware.com/1-24bn-bid-for-healthcare-software-firm/ Leeds-based healthcare software systems provider EMIS Group is set to be acquired in a deal worth around £1.24 billion. The recommended cash acquisition will be made by Bordeaux UK Holdings II Ltd, (Bidco), a subsidiary of Optum Health Solutions (UK) Limited and a wholly owned subsidiary of UnitedHealth Group Incorporated. EMIS was founded in North […]]]>

Leeds-based healthcare software systems provider EMIS Group is set to be acquired in a deal worth around £1.24 billion.

The recommended cash acquisition will be made by Bordeaux UK Holdings II Ltd, (Bidco), a subsidiary of Optum Health Solutions (UK) Limited and a wholly owned subsidiary of UnitedHealth Group Incorporated.

EMIS was founded in North Yorkshire in 1987 and today employs around 1,400 people. He reported earnings of around £168m in 2021.

Its connected healthcare software and systems are widely used in a number of major UK healthcare settings, including primary care, community care, accident and emergency, and community and hospital pharmacies.

Optum UK is a healthcare software, services and consultancy company that has been operating in the UK for almost 20 years.

It is a wholly owned subsidiary of UnitedHealth Group, a healthcare and wellness company, which employs more than 350,000 people worldwide.

Optum says it believes a combination of EMIS and Optum UK would strengthen EMIS’s capabilities as a leading UK health technology company, with increased ability to deliver significant benefits to patients , clinicians and the NHS.

EMIS says the deal should help the NHS improve patient care and experience by providing clinicians with innovative and improved data and technology tools that could also free up clinicians’ time.

He also says the acquisition should enable EMIS to grow its business in the UK through accelerated investment in innovation.

Andy Thorburn, Chief Executive of EMIS, said: “We believe this combination will have the resources and expertise to enable us to better support the NHS and clinicians with technological innovations.

“EMIS’s long track record of delivering effective technology solutions and strong financial and operational performance combined with UnitedHealth Group’s resources and expertise will allow us to accelerate our development.”

“We therefore believe that the combined group will be well placed to serve its customers and partners in the UK healthcare system, while ensuring that EMIS remains a strong organization supporting the NHS, fulfilling EMIS’s aim of enabling better care through technological innovation.

Rob Sergeant, Managing Director of Optum UK, added: “Optum UK is dedicated to helping the NHS work better for clinicians and patients, and believe this combination with EMIS will bring ever more advanced solutions and technological capabilities. to the NHS and GPs to improve patient care. »

Slaughter and May is acting as legal counsel to UnitedHealth Group and Bidco, while Travers Smith LLP is acting as legal counsel to EMIS.

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Hull City signs with Sypro for asset management software https://turtlenecksoftware.com/hull-city-signs-with-sypro-for-asset-management-software/ Wed, 15 Jun 2022 12:51:39 +0000 https://turtlenecksoftware.com/hull-city-signs-with-sypro-for-asset-management-software/ Leading compliance and asset management software provider Sypro has added its local Hull City team to its customer base. The EFL Championship team will use the organization’s Risk Manager software to manage the MKM stadium and training venues. It follows the recent addition of Wigan Athletic, promoted to the same division as Hull this season. […]]]>

Leading compliance and asset management software provider Sypro has added its local Hull City team to its customer base.

The EFL Championship team will use the organization’s Risk Manager software to manage the MKM stadium and training venues.

It follows the recent addition of Wigan Athletic, promoted to the same division as Hull this season.

Read more: Tuber Group acquires fresh produce business from William Jackson Food Group

Josh Mitchell, Head of Sales at Sypro, said: “We are proud to announce this new partnership with Hull City to help run the stadium and training ground efficiently with all the features needed to cope with the varied activities that take place across the domain.

“Customers have their own requirements and Hull City AFC is no different. Its needs vary compared to other football clubs and are even different between the training ground and the stadium. Using Risk Manager and a central system will help streamline communication issues around the stadium and between teams – as well as between the two venues as a collective.

“Essentially, using Risk Manager will allow the operations team to review, detect and manage key areas that pose risk – and address them and allocate the necessary work to mitigate those risks before they happen. ‘they only get bigger and more expensive down the line.’

The system allows organizations to stay in control of their regular maintenance through simple management, customizable schedules, allowing easy task allocation and robust process tracking to minimize maintenance costs across multiple sites. It also ensures that the review, approval and audit processes are efficiently managed for each task, thereby mitigating legal risks for the organization.

Sypro is one of The 55 group companies, based in Whitefriargate.

Paul Woodford, Chief Operating Officer, Hull City AFC, said: “Stadium Management Company operates a busy stadium, training ground and academy, with many challenges to manage on a day-to-day basis, across its three locations, including the MKM stadium. .

“We needed a system that would allow multiple users to track workflow and projects, as well as a centralized management tool to help us prioritize work and track budgets accordingly. Sypro is a versatile system, and the team was very easy and professional to manage, which is crucial when we are implementing a new system in such a fast-paced environment.

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The Washington Post isn’t selling its ArcXP software business, despite offers https://turtlenecksoftware.com/the-washington-post-isnt-selling-its-arcxp-software-business-despite-offers/ Tue, 14 Jun 2022 16:04:23 +0000 https://turtlenecksoftware.com/the-washington-post-isnt-selling-its-arcxp-software-business-despite-offers/ The Washington Post is looking to double down on investment in its technology publishing arm, Arc XP, despite outside sales interest valuing the company at nine figures, sources told Axios. Why is this important: The company sees more long-term value in trying to grow the business than selling it now, executives told Axios. “I personally […]]]>

The Washington Post is looking to double down on investment in its technology publishing arm, Arc XP, despite outside sales interest valuing the company at nine figures, sources told Axios.

Why is this important: The company sees more long-term value in trying to grow the business than selling it now, executives told Axios.

  • “I personally think that in the long term – and by long term I mean three, four years, not 15 years – Arc XP will be the biggest revenue stream for the post, and certainly the most profitable revenue stream. for the Post,” said Shailesh Prakash, chief information officer at The Post.

By the numbers: Arc XP brings in around $40-50 million in annual recurring revenue (based on subscriptions), sources told Axios.

  • Software-as-a-service (SaaS) companies are typically valued between 10 and 20 times the ARR amount. When the deals were presented to The Post last year, markets were valuing SaaS companies higher than they are today.
  • For now, Arc XP is not profitable, as the company is focused on investing in its growth. “We are not a limited capital company,” Prakash said. “It’s never about funding, it’s always about, is it the right thing to do?”

Catch up fast: The Washington Post released Arc XP in 2015, then called Arc, with backing from owner Jeff Bezos.

  • Bezos remains heavily invested in the company, and much of Arc XP’s business relies on Amazon Web Services technology.

Driving the news: In addition to ARR, Arc XP has long made money by charging professional services or consulting fees associated with helping people set up and personalize their accounts.

  • Today, it is shrinking its professional services business in favor of more aggressively selling software licensing deals, which are more lucrative and less capital-intensive.
  • This pivot, which is common for young SaaS companies, could be more profitable in the long term, but has eaten away at short-term growth.
  • Arc XP executives have said for years that they expect the company to generate $100 million in revenue “over the next 3-5 years,” but it still hasn’t reached that goal. , in part because of this transition out of professional services. .

Details: Looking ahead, the company is making significant changes to start growing revenue and profits faster than it has done so far.

  • It’s building a much more robust sales and customer service infrastructure, instead of investing the vast majority of its hiring resources in engineering.
  • “It’s really about creating more velocity in revenue growth,” said ArcXP President Miki King – the Post’s former chief marketing officer – who was hired last year to oversee the business hub. of Arc XP.
  • The goal, King said, is to triple the number of clients he signs per month, which typically equates to one to three new businesses.
  • Currently, Arc XP’s technology is licensed to more than 2,000 companies, up from about 1,500 a year ago. A much larger portion of these customers are found outside of media and entertainment, although this remains the service’s largest customer base.

Be smart: Hiring King was seen internally and externally as a signal that The Post was not interested in splitting up the company, at least not yet.

  • In the months since King was hired, the company restructured its team and hired new top revenue leaders. Scot Gillespie, longtime Arc XP technical lead, left the company amid these changes earlier this year.
  • He also implemented a new bonus structure this spring to incentivize engineers to work at The Post in an increasingly competitive talent market.

The big picture: Under King’s leadership, Arc XP also began to shift from providing software to media publishers to selling to enterprise customers, especially those looking for tools to build commercial ventures.

  • He recently signed AvalonBay Communities, a real estate investment trust. The Golden State Warriors, a long-time customer, recently expanded their partnership with Arc XP to begin licensing its CMS SuiteExchange platform to other sports teams.
  • Media publishers don’t always provide such lucrative business opportunities, but they continue to contribute to the company’s global expansion. Arc XP recently brought in The Irish Times and El Financiero from Mexico as customers.
  • “We’re completely optimistic about our opportunities outside of mainstream media and publishing,” King said. “And it will be with those brands that have the greatest opportunity to really optimize the intersection of content and commerce.”

Yes, but: These transitions have not come without pain points.

  • As Arc XP grew, smaller media publishers felt that its software became too advanced for their needs, forcing Arc XP to simplify parts of its publishing product.
  • Internally, The Post engineers were concerned that Arc XP was becoming too simplified to meet The Post’s own publishing needs.
  • Eventually, The Post engineers created their own version of a content management system (CMS) based on code from Arc XP that they call Spectrum to power parts of The Post’s website.

At the end of the line : Arc XP “is clearly the third leg” of the revenue stool that supports The Post, in addition to advertising and subscriptions, Prakash said.

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Sindh to cut sales tax on IT and software from 13% to 3% https://turtlenecksoftware.com/sindh-to-cut-sales-tax-on-it-and-software-from-13-to-3/ Tue, 14 Jun 2022 04:02:06 +0000 https://turtlenecksoftware.com/sindh-to-cut-sales-tax-on-it-and-software-from-13-to-3/ The Sindh government is ready to give tax relief to the IT industry by reducing the Sindh sales tax on IT, software and call centers from 13% to 3%, while an IT policy over five years will also be unveiled shortly. It was announced by Chief Minister (CM) Syed Murad Ali Shah on Monday during […]]]>

The Sindh government is ready to give tax relief to the IT industry by reducing the Sindh sales tax on IT, software and call centers from 13% to 3%, while an IT policy over five years will also be unveiled shortly.

It was announced by Chief Minister (CM) Syed Murad Ali Shah on Monday during a seminar titled Ease of Doing Business for the IT/ITeS Industry. The Federal Minister of Information Technology also spoke at the seminar organized by the Department of Information Science and Technology of Sindh in collaboration with Pakistan Software Export Board (PSEB) and PASHA.

The CM said relief for the IT industry would be announced in the budget speech on Tuesday, in which the rate of Sindh’s sales tax on IT, software and call centers would be reduced by 13 % to 3% with no input tax credit. However, larger establishments that prefer the standard rate with input tax credit will have the option of 13% with input tax credit facilities.

Murad said his government is committed to facilitating the IT sector by providing tax and non-tax incentives and projects to improve Sindh’s IT exports through policy interventions and procurement regulations to promote the use of local IT solutions.

He said that the Sindh government is planning to roll out enabling IT infrastructure across the province with the help of PSEB as it is also in the process of adopting Sindh’s first “cloud first policy” which would be unveiled in the first quarter of fiscal year 2022-23.

The policy would promote coordination with the federal government for broadband for all, to expand software and IT assets, and to incentivize cloud services for government cloud adoption to provide cost-effective services to start-ups and enterprises. computers, he said.

The Sindh government, he said, had planned to launch several skill building programs in the next fiscal year, including high-end boot camps for youths, skill building for teachers and Trainers, Digital Literacy for Primary and Secondary Schools, Skills Program for Girls and Skills and Self-Employment Programs for People with Disabilities.

In order to rethink existing government processes and introduce innovative citizen services for youth engagement, the Government of Sindh was focusing on different programs including “Promoting Startup Culture through Incubators and Accelerators” , private equity (PE) and venture capital (VC) financing, and initiation of start-ups into government operations or services and special incentives for women-owned start-ups, a-t -he adds.

Talking about e-governance, CM said that automation of government operations is a fundamental element for effective and efficient governance and that Sindh has already taken initiatives for establishment of Sindh digital council, automation of operations government services, online government services for citizens and businesses, and Ongoing Citizen Awareness of Opportunities and Threats.

Moreover, he said, his government had decided to rely heavily on the use of technology and had planned technology intervention programs in targeted areas of health, agriculture, education and empowerment of women. “The government of Sindh wants to leapfrog in the use of digital technologies and overcome the existing challenges in providing basic services to citizens,” he said.


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KKR Acquires Apexanalytix, a Booming Supply Chain Risk Management Software Company https://turtlenecksoftware.com/kkr-acquires-apexanalytix-a-booming-supply-chain-risk-management-software-company/ Tue, 07 Jun 2022 11:21:59 +0000 https://turtlenecksoftware.com/kkr-acquires-apexanalytix-a-booming-supply-chain-risk-management-software-company/ Global buyout giant KKR has invested in supply chain risk management software specialist Apexanalytix. Carousel Capital, Apex’s largest shareholder, will remain a significant minority shareholder in the company alongside KKR, the companies said. Never miss a story – click to sign up for AltAssets’ free daily PE newsletter Apex serves more than 250 Fortune 500 […]]]>

Global buyout giant KKR has invested in supply chain risk management software specialist Apexanalytix.

Carousel Capital, Apex’s largest shareholder, will remain a significant minority shareholder in the company alongside KKR, the companies said.

Apex serves more than 250 Fortune 500 and Forbes Global 2000 companies, claiming it protects more than $8 billion in annual spend across many of the world’s most complex supply chains.

Its offerings include overpayment and fraud prevention software, a vendor management platform and a master data management solution in global procure-to-pay processes.

Apex has experienced consistent double-digit organic growth over the past five years and has accelerated its growth thanks to the recent market disruptions of the past two years, the company said.

KKR Partner Webster Chua said, “Apex sits at the intersection of several themes that we have had strong conviction on over the past decade, including digitization and data-driven platforms, the increasing fragmentation of global supply chains and the rise of sophisticated technology solutions and technology services that can create operational efficiencies and generate tangible cost savings. »

Carousel originally invested in apex in 2014 from its fourth fund, and in 2020 sponsored a recapitalization of the company through a unique asset continuation fund and its fifth fund.

KKR is making the investment through its North America Fund XIII, which raised a record $19 billion on its final close in April.

The transaction is expected to be finalized in the second half of 2022.

Copyright © 2022 Alt Assets

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Capital One has a new software company. Its first objective is the cloud https://turtlenecksoftware.com/capital-one-has-a-new-software-company-its-first-objective-is-the-cloud/ Fri, 03 Jun 2022 15:27:00 +0000 https://turtlenecksoftware.com/capital-one-has-a-new-software-company-its-first-objective-is-the-cloud/ Capital One Financial Corp. bundles cloud and data management software it has developed for internal use into products it can sell to other companies. On Wednesday, the bank in McLean, Va., announced Capital One Software, a B2B software company for businesses operating in the cloud. The division’s first product is Capital One Slingshot, a data […]]]>

Capital One Financial Corp. bundles cloud and data management software it has developed for internal use into products it can sell to other companies.

On Wednesday, the bank in McLean, Va., announced Capital One Software, a B2B software company for businesses operating in the cloud. The division’s first product is Capital One Slingshot, a data management tool for customers of Snowflake, a company that provides data warehousing, data engineering, and other data services.

Specifically, Slingshot will help businesses more easily adopt the Snowflake Data Cloud, a network that enables businesses to securely access and share data within their company and with other organizations. Slingshot will also help them automate governance processes and manage costs. For example, it will send alerts that notify customers when costs are rising and direct them to a dashboard to investigate the cause.

Capital One, a $434.2 billion asset, was an early adopter public cloudcompleting its move to the cloud in 2020. This is a transition that financial institutions such as Key Corp, American bank and Wells Fargo have announced or are doing as well. A Gartner report from November 2021 predicts that more than 85% of organizations will adopt the principle of the cloud by 2025.

“We recognize that many other companies face similar data management needs [to Capital One] as they accelerate their cloud and data journeys,” Ravi Raghu, head of Capital One Software, said in a press release. “Bringing some of the tools we’ve built and scaled to market as enterprise B2B software solutions is a natural evolution for us.”

The company says using Slingshot has saved it money and many hours of manual input, as well as adapting its own use of Snowflake. Specifically, Capital One calculates that it saved 27% of planned costs by dynamically provisioning compute resources and experienced a 43% decrease in cost per query from reducing inefficient query patterns and model improvements. of data.

“We’re excited to help other companies harness the full power of the cloud to accelerate innovation for customers,” said Biba Helou, senior vice president of enterprise data platforms at Capital One.

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The Software Business and Its Profitability in Today’s Market — Retail Technology Innovation Hub https://turtlenecksoftware.com/the-software-business-and-its-profitability-in-todays-market-retail-technology-innovation-hub/ Fri, 03 Jun 2022 04:26:58 +0000 https://turtlenecksoftware.com/the-software-business-and-its-profitability-in-todays-market-retail-technology-innovation-hub/ Software development is a multi-billion dollar industry that many visionaries have exploited only too well. You only have to listen to the extraordinary stories of Microsoft, Macromedia, Linux and hundreds of other great developers to understand this truth. The potential niches for creative developers who dream of getting rich still exist, although today venture capitalists, […]]]>

Software development is a multi-billion dollar industry that many visionaries have exploited only too well. You only have to listen to the extraordinary stories of Microsoft, Macromedia, Linux and hundreds of other great developers to understand this truth.

The potential niches for creative developers who dream of getting rich still exist, although today venture capitalists, who would give any amount of money for a company offering great programming ideas, have dwindled .

And the fact is that the software business is very profitable, which basically consists of making a program to solve a specific need that works well and selling the licenses (copies) to as many consumers as possible, thus obtaining a return on the hours of investment in programming.

Successful strategies are visualized from researching and designing more viable alternatives both in terms of promotion and price. This is why the success of the software activity is based on the versatility of the product, which makes it possible to offer computer programs for the solution of an infinite number of needs.

The marketing strategies used in today’s market require the development of a tailored program for a particular niche. For developers, this is usually a more viable option as it allows them to compete on better terms since their solutions are much more targeted.

The real return on profits is concentrated in the sale of as many software licenses as possible, and the Internet is an extraordinary ally for this purpose. These arguments are legitimized by the fact that today there are programs for productivity, engineering, entertainment and even sophisticated scientific applications.

In areas related to accounting, software such as Wave, Bind, Nubox, ZipBooks, CloudBooks, among others, allow you to integrate tools to dump transaction data, payments and create financial reports. Some even offer versions for mobile devices, so you can always enter new data.

While other business software, such as Enterpise Resource Planning or Customer Relationship Management, bring together purchasing, sales, human resources, production and inventory planning and management. They also facilitate the loyalty of current and potential customers and thus contribute to the development of the customer-company relationship.

Online casinos are another one whose success is based on the software they use. Experts in the field point out that in this field, everything revolves around the gameplay, the graphics, the user interface and the very large real money winnings.

And that the best software is the one that ensures there are no lags, malware, viruses or bugs. Additionally, players want a casino site to give you something easy to use on your laptop or device.

There are about four major software brands that have the largest presence in this industry. These are: Microgaming, Playtech, NetEnt and Aristocrats.

There are plenty of other software providers that are starting to make a name for themselves, but these four brands are present in New Zealand casinos, as well as several in the US, Japan, France and the UK.

In all of these cases, the company’s key has been to research alternatives, one of which is to offer a pre-release (limited) version of the software that the potential buyer can use for 30 days and if they meet their needs, he can buy the full version.

This marketing strategy, called Shareware, is joined by others such as the sale of copies of the software in other languages ​​and licensing packages with discounts based on the number of units purchased.

Undoubtedly, the usefulness of software in the various sectors helps to reduce costs, increase productivity, systematize processes and ensure a more efficient flow of information.

Moreover, thanks to software, we can perform tasks that decades ago would have required years of work, which has undoubtedly led to a global revolution in modern society.

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JD Power Acquires Tail Light’s Automotive F&I Menu and Reporting Software Business https://turtlenecksoftware.com/jd-power-acquires-tail-lights-automotive-fi-menu-and-reporting-software-business/ Thu, 02 Jun 2022 12:00:00 +0000 https://turtlenecksoftware.com/jd-power-acquires-tail-lights-automotive-fi-menu-and-reporting-software-business/ TROY, Mich.–(BUSINESS WIRE)–JD Power, a global leader in data analytics and consumer intelligence, today announced the acquisition of the menu and reporting software business for finance and insurance (F&I ) from Tail Light, one of the leading automotive software companies. Tail Light’s F&I menu and reporting software is used by automotive dealerships and insurance companies […]]]>

TROY, Mich.–(BUSINESS WIRE)–JD Power, a global leader in data analytics and consumer intelligence, today announced the acquisition of the menu and reporting software business for finance and insurance (F&I ) from Tail Light, one of the leading automotive software companies. Tail Light’s F&I menu and reporting software is used by automotive dealerships and insurance companies to streamline vehicle financing and service contract setup and reporting. The acquisition follows the 2021 acquisition of Superior Integrated Solutions, Inc./Darwin Automotive and further strengthens JD Power F&I software analytics offerings for automotive dealerships and third-party partners.

“The pace of digital transformation in automotive dealerships has been staggering, and the F&I department has led that charge with growing demand for digital menu solutions that clearly and consistently display financing details and special offers to consumers, whether they’re in the showroom or buying online,” said Phil Battista, President of Dealership Technologies at JD Power. “Similarly, demand has increased for analytics and reporting solutions that allow dealers to optimize their F&I offerings. By complementing our rapidly growing suite of dealer-focused F&I solutions with Tail Light’s F&I technology and resources, we are cementing our role as an end-to-end data analytics and software solutions provider for all facets of the industry. ‘automobile industry.

Tail Light’s F&I menu and reporting software business includes the Tail Light Showcase solution, which supports both showroom and digital sales with highly customized, customer-focused tools to select vehicle financing and protection options. It also includes industry-leading analytics and reporting software that allows dealers to analyze their own F&I performance against industry benchmarks to make adjustments and optimize their consumer offerings.

“Today’s F&I department is fundamentally different from that of a few years ago,” said Matt Twyman, CEO of Tail Light. “Dealers have become sophisticated, data-driven businesses that rely on real-time analytics, competitive benchmarking, and powerful software to deliver the best customer experience while maximizing profitability. We are committed to driving technology transformation with industry-leading software and analytics.

Tail Light F&I technology will be integrated into the JD Power Dealership Technologies division, which was created following the July 2021 acquisition of Superior Integrated Solutions, Inc./Darwin Automotive.

About JD Power

J.D. Power is a global leader in consumer insights, advisory services, data and analytics. A pioneer in using big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, JD Power has been providing incisive industry insights into customer interactions with brands and brands for more than 50 years. products. The world’s leading companies in key industries trust JD Power to guide their customer-facing strategies.

JD Power has offices in North America, Europe and Asia-Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The JD Power auto buy tool is available at JDPower.com.

About the rear light

Tail Light is a Dallas-based technology company that has been providing innovative applications and solutions for the automotive industry since 1998. Through its subsidiary Bouncie, Tail Light is the market-leading connected vehicle and telematics solution enabling drivers, families and businesses to manage real-time location, vehicle status and driving data for drivers and vehicles.

About JD Power and Advertising/Promotion Rules: http://www.jdpower.com/business/about-us/press-release-info

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Intel set to acquire Codeplay Software https://turtlenecksoftware.com/intel-set-to-acquire-codeplay-software/ Thu, 02 Jun 2022 06:53:31 +0000 https://turtlenecksoftware.com/intel-set-to-acquire-codeplay-software/ Intel has signed an agreement to acquire Edinburgh-based Codeplay Software. The chipmaker said the agreement will reinforce both companies’ commitment to open collaboration and standards, particularly by driving adoption of SYCL and the oneAPI ecosystem. Intel and Codeplay have worked together to define and extend open standard programming models that work across multiple platforms and […]]]>

Intel has signed an agreement to acquire Edinburgh-based Codeplay Software.

The chipmaker said the agreement will reinforce both companies’ commitment to open collaboration and standards, particularly by driving adoption of SYCL and the oneAPI ecosystem.

Intel and Codeplay have worked together to define and extend open standard programming models that work across multiple platforms and devices.

A statement explained that Codeplay will now be able to extend the delivery of SYCL solutions to multi-architecture, multi-vendor products, based on the open source ecosystems on which they are built.

Joe Curley, vice president and general manager of software products and ecosystem at Intel’s Software and Advanced Technology Group (SATG), said that subject to the closing of the transaction – expected later this quarter – Codeplay will operate as a subsidiary under SATG. .

“Through the subsidiary’s structure, we plan to foster Codeplay’s unique entrepreneurial spirit and open ecosystem approach for which it is known and respected in the industry,” he added.

Codeplay Founder and Managing Director, Andrew Richards, commented, “Intel’s support will allow Codeplay to continue to grow stronger in the community and ecosystem.

“It is important for the industry to adopt open standards and open specification solutions to minimize time to market for the industry and time to value for developers and customers – this acquisition strengthens the developer and industry confidence that open source software will be available now and for years to come.”

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Sony Interactive Entertainment establishes software business development unit in China https://turtlenecksoftware.com/sony-interactive-entertainment-establishes-software-business-development-unit-in-china/ Thu, 02 Jun 2022 01:18:45 +0000 https://turtlenecksoftware.com/sony-interactive-entertainment-establishes-software-business-development-unit-in-china/ Looks like Sony plans to expand its business in China. To facilitate this, Sony Interactive Entertainment has established the System Development Department 4 under the Platform Software Department, which is part of the Platform Experience Software Development Headquarters. Despite an incredibly dry name, this development could have a major impact on the future of PlayStation. […]]]>

Looks like Sony plans to expand its business in China. To facilitate this, Sony Interactive Entertainment has established the System Development Department 4 under the Platform Software Department, which is part of the Platform Experience Software Development Headquarters. Despite an incredibly dry name, this development could have a major impact on the future of PlayStation.

Sony expands China operations as country becomes one of PlayStation’s biggest customers

Consoles were banned in China until 2014, so PlayStation didn’t make a big splash there like it did in the rest of the world. The PS4 didn’t do very well there, but it looks like Sony has finally hit its stride with the PS5. Since the launch of the PS5, over 670,000 consoles have been sold in China, making it the sixth largest market for new hardware.

The top 11 countries with active PlayStation consoles (via Daniel Ahmad) are:

PS4:

  1. UNITED STATES
  2. Japan
  3. Germany
  4. UK
  5. France
  6. Italy
  7. Spain
  8. Brazil
  9. Canada
  10. Australia
  11. China

PS5

  1. UNITED STATES
  2. UK
  3. Japan
  4. Germany
  5. France
  6. China
  7. Canada
  8. Australia
  9. Italy
  10. Spain
  11. Saudi Arabia

Sean Kelly, Head of Software Business, China Region, will lead the new department (likely in his current role). He has been with PlayStation for 21 years and previously held the position of Senior Director of Global Software Development and Localization Services.

With the Chinese government’s hostility towards gaming lately, it seems like now might be a bad time to invest in operations there. However, China’s growing middle class is a gold mine that every entertainment company wants to tap into. Apparently, the opportunity is lucrative enough to outweigh the draconian policies that those who operate there have to contend with.

It is possible that the new department will serve as an intermediary to develop Sony’s relations with Chinese studios. If so, we could see some of the most popular China-only titles heading west at some point.

In other news, an unannounced Destiny project is in development and Konami is already shutting down Super Bomberman R Online servers.

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