Top WorkTech News From the Week of July 12th: Updates from HCLTech, Celonis, IFS, and More
Enterprise Resource Planning Solutions Review
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The editors at Solutions Review have curated this list of the most noteworthy WorkTech news from the week of July 12th. This round-up covers announcements and updates from companies like HCLTech, Celonis, IFS, and more.
Keeping tabs on the most relevant?ERP ?and?BPM news can be time-consuming. As a result, our editorial team aims to summarize the week's top headlines in the enterprise technology marketplace. The Solutions Review editors will compile a weekly round-up of vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy WorkTech information. With that in mind, here is some of the top WorkTech news for July 12th.
Top WorkTech News From the Week of July 12th, 2024
Aptean Receives an Investment from Clearlake Capital Group
Aptean, a global provider of industry-specific enterprise software, has received an investment from Clearlake Capital Group. L.P. Clearlake will join existing investors TA Associates, Insight Partners, and Charlesbank Capital Partners as shareholders in Aptean's company. TVN Reddy, CEO of Aptean, says, "Clearlake's investment underscores their confidence in our strategy and commitment to expansion. Partnering with Clearlake, alongside our existing investors, will enable us to continue delivering differentiated solutions to the market and accelerate our growth."
Celonis and Emporix Collaborate on a Process Orchestration Solution
Celonis—a process mining and intelligence solution provider—has partnered with Emporix, a composable business commerce solution, to develop an AI-driven process orchestration offering to help companies achieve end-to-end process optimization. The new Emporix Orchestration Engine leverages Celonis' process intelligence capabilities to manage end-to-end processes in real-time, allowing businesses to maintain agile operations, increase efficiencies with AI, and optimize processes with minimal human involvement.
Cleo and Revenova Expand Their Partnership
Cleo, an ecosystem integration software provider, has announced that it is expanding its longstanding partnership with Revenova, a CRM-powered transportation management solution provider. As part of the updated partnership, Cleo will bring its ecosystem integration solutions to the global transportation and logistics markets. Together, Revenova's TMS modules, Cleo's platform, and Revenova's application marketplace will provide customers with the functionalities, flexibility, security, reliability, and performance they need to succeed in a modern logistics environment.
Cognizant Launches a New Platform for its Neuro Suite
Cognizant has announced Cognizant Neuro Edge, a new platform available in Cognizant's Neuro suite designed to help businesses across industries utilize artificial intelligence and generative AI "at the edge." The new offering expands Cognizant's Neuro AI capabilities by offering an industry-agnostic, Cloud + Edge AI platform capable of accelerating company decision-making, facilitating real-time interactions with devices, reducing data costs, maintaining operational stability, and addressing privacy risks.
Cornerstone OnDemand Appoints a New EVP and Chief Revenue Officer
Cornerstone OnDemand, a workforce agility solution provider, has announced that Michael Pawlyszyn will serve as its new EVP and Chief Revenue Officer for the Americas. Pawlyszyn's previous role was as the SVP and Chief Revenue Officer for North America at SAP SuccessFactors, where he was responsible for driving the company's Human Experience Management sales and go-to-market strategy. Before SAP, he held sales and strategic leadership positions at Oracle and Salesforce. As Cornerstone's EVP and Chief Revenue Officer, Pawlyszyn will focus on leading and expanding its American sales team.
Global Shop Solutions Debuts a Dashboard Designer Feature
Global Shop Solutions, an ERP software provider, has launched its new Dashboard Designer feature. This feature will help manufacturers design, customize, track, and display their data in formats that meet their unique business needs. Individual users can customize the no-code data analysis tool by dragging and dropping the features they want directly onto the screen, making generating faster, more personalized reports easier. Other features include the ability to display shop floor metrics on interactive screens, real-time work center dispatches, and dashboards for sales analysis, employee productivity, and more.
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HCLTech and IBM Collaborate on the Development of a Generative AI Center of Excellence
HCLTech, a global technology company, has announced a new collaboration with IBM to develop a Generative AI Center of Excellence (CoE) based on IBM's watsonx AI and data platform. The CoE—available via HCLTech's AI and Cloud Native Labs in London and Austin, Texas—will help global enterprises create custom AI applications, accelerate responsible AI workflows, develop IT service management (ITSM) use cases, modernize legacy applications, improve skill development on the watsonx platform, expand their data capabilities, and enable continuous innovation.
Hebbia Raises $130 Million in a Series B Funding Round
Hebbia, a startup that uses artificial intelligence to help businesses analyze their documents for answers to complex questions, has raised $130 million in a Series B funding round. The funding comes from Andreessen Horowitz, Index Ventures, Google Ventures, and Peter Thiel. Hebbia primarily works with asset managers, investment banks, and other financial institutions but is expanding its offering to other areas, including law firms and pharmaceutical companies.
IFS Acquires EmpowerMX, Expanding its Industry-Specific Capabilities
IFS, an Industrial AI software provider, has acquired EmpowerMX, an AI-powered aviation maintenance solution provider specializing in Airframe Maintenance Repair and Overhaul (MRO) offerings. The acquisition will help IFS expand its industry-specific capabilities, providing aerospace and defense customers the capabilities they need to improve efficiencies, minimize turnaround times, reduce maintenance costs, and enhance production control. EmpowerMX's customers can also leverage IFS's capabilities and global reach to maximize asset availability, ensure compliant deliveries, and maintain best practices.
Expert Insights Section
Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from?Insight Jam, Solutions Review's enterprise tech community for business software pros . The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, trends and predictions, and vendor-neutral software evaluation tools.
Evolving ERP with Vinnie Mirchandani and Dan Aldridge
In the latest episode of Evolving ERP, Dan Aldridge sits down with?Vinnie Mirchandani—CEO of Deal Architect, a technology analyst, advisory, and publishing firm—for an in-depth discussion on automation, artificial intelligence (AI), and other emerging trends in ERP deployment. Tune in to gain valuable insights and understand the future of enterprise resource planning from two leading minds in the industry!
Navigating New DOT Refund Regulations: Why Airlines Should Embrace AI Solutions, by Rebecca Jones of Mosaicx
Rebecca Jones, the President of Mosaicx, recently shared an article with the Insight Jam community that outlines how AI solutions can help airlines navigate the recent updates the U.S. Department of Transportation (DOT) made to its refund regulations. For example, she says that AI can enable airlines to automate ticket processing, enhance customer engagement, improve demand forecasting, strengthen security, and optimize refund processes.
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Thank you for including our news about Dashboard Designer - the no-code, data analysis tool. It's a game-changer for manufacturers!