Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Hardware and Network news this week…
Tonaquint Partners with Megaport to Expand Connectivity Options in Utah
On December 23, 2024, Tonaquint Data Centers enhanced its connectivity options in St. George, Utah, by partnering with Megaport, a global Network as a Service (NaaS) provider offering on-demand, software-defined networking solutions, at its St. George Data Center.
In Business Technology news this week….
Xerox Set to Acquire Lexmark in Major Deal
On December 23, 2024, Xerox Holdings Corporation announced its agreement to acquire Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, including assumed liabilities. This acquisition aims to strengthen Xerox’s core print portfolio and expand its global print and managed print services business, better positioning it to meet the evolving demands of clients in the hybrid workplace.
In Cloud Computing & Mobility news this week….
Tuya Smart Wins 2024 AWS Partner Award for Innovation
Tuya Smart, the global cloud platform service provider, received the 2024 Geo and Global AWS Partner Awards at the AWS re:Invent 2024 event. The company won two awards in the Greater China Region: Sustainability Partner of the Year and Design Partner of the Year.
In Computer Science news this week….
WiMi Creates Quantum Tech-Based RAM Architecture
WiMi Hologram Cloud Inc., a leading global Hologram Augmented Reality (“AR”) Technology provider, announced the development of a Quantum Technology-Based Random Access Memory Architecture, known as QRAM. This architecture successfully implements fundamental logical operations such as AND, OR, NOT, and NOR gates in quantum logic gates by combining key basic operations in quantum computing, such as the CNOT gate, V gate, and V+ gate.
In FinTech news this week….
Parafin Raises $100M Series C to Redefine Small Business Financial Services
Parafin, which builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. The financing was led by Notable Capital, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated in the round.
In HealthTech news this week…
Exicure Joins GPCR Therapeutics to Drive Biotech Growth
Exicure, Inc., has announced the signing of a Memorandum of Understanding (MOU) with GPCR Therapeutics, Inc. on December 24, 2024, aimed at the acquisition of GPCR USA, a subsidiary of GPCR Therapeutics, and the technology transfer and collaborative research on GPCR Therapeutics’ ongoing drug development pipelines. Through this acquisition, Exicure plans to secure key technical personnel by purchasing all shares of GPCR USA held by GPCR Therapeutics.
In Information and Communications news this week…
LambdaTest Unveils Next-Gen SmartUI for Enhanced Interface Testing
On December 23, 2024, LambdaTest, a leading cloud-based unified UI testing platform, announced the release of a new version of SmartUI for screenshots. This update revolutionizes UI testing workflows by offering a seamless, intuitive, and efficient experience tailored to meet the needs of testers and developers worldwide.
Article of the Week
What is Enterprise Identity Management and Why is It Needed?
In today’s digital-first world, securing access to enterprise systems has never been more critical. With growing remote workforces, increasing cyber threats, and a surge in cloud-based applications, businesses are constantly at risk of unauthorized user access and data breaches. This is where Enterprise Identity Management (EIM) steps in as a game-changing solution.