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Category: Software

  • Route Mobile Ltd Q3 FY24 results: Revenue from operations stood at Rs 1,024.3

    Route Mobile Ltd Q3 FY24 results: Revenue from operations stood at Rs 1,024.3

    Mumbai: Route Mobile Limited (“Route Mobile”) cloud communication platform service provider to enterprises, over-the-top (“OTT”) players, and mobile network operators has announced its financial results for the third quarter ended on 31 December 2023.

    Highlights for Q3FY24 (YoY) Consolidated Financials –

    Revenue from operations stood at Rs 1,024.3 crore as against Rs 985.7 crore in Q3FY23

    Profit Before Exceptional Items and Tax stands at Rs 116.6 crore as against Rs 103.1 crore in Q3FY23

    Profit after Tax (PAT) reported was at Rs 113.6 crore as against Rs 85.4 crore in Q3FY23.  PAT in Q3 FY24 was boosted by exceptional items amounting to Rs 15 crore, representing the fair value gain, as on 31 December 2023, of the contingent consideration payable towards the acquisition of 100 per cent equity stake in M.R Messaging FZE

    EPS stands at Rs 16.89 (basic) and Rs. 16.66 (diluted)

    Q3 FY24 vs. Q2 FY24 (Consolidated)

    Revenue from operations for the quarter ended 31 December 2023, stood at Rs 1,024.3 crore as compared to Rs 1,014.6 crore in Q2 FY24 results.Profit before Exceptional Items and Tax (PBT) stood at Rs 116.6 crore for Q3 FY24 as compared to Rs 103.8 crore in Q2 FY24. The company’s PBT margin stood at 11.4 per cent

    Profit after Tax (PAT) reported at Rs 113.6 crore for Q3 FY24 as against Rs 88.4 crore in Q2 FY24. PAT margin stood at 11.1 per cent. PAT in Q3 FY24 was boosted by exceptional Items amounting to Rs 15.0 crore, representing the fair value gain, as on 31 December, 2023, of the contingent consideration payable towards the acquisition of 100 per cent equity stake in M.R Messaging FZE

    Commenting on the results, Route Mobile Limited, managing director & group chief executive officer Rajdipkumar Gupta said, “ I am delighted to share that we have registered our best quarterly revenues during the quarter gone by. It was a slightly muted performance, considering Q3 is historically our best quarter. This is due to the industry headwinds and delays in a couple of our large contracts going live. We have recently onboarded some large customers in Asia and Europe and they should gradually ramp up”. He also said, “We are encouraged by the growing adoption of channels like WhatsApp and RCS, some of our latest contract wins are equivalent to the monthly revenues of these product lines. The evolving messaging landscape is creating exciting opportunities for us to welcome numerous new clients to our omnichannel platform.”

    Talking about the Proximus deal, he added, “We have secured the most important US approval and are in striking distance of the deal closure. A couple of regulatory approvals from the Middle East are awaited anytime soon”.

  • “Uncut, unfiltered, uninhibited says Shruti Haasan on creating her community on coto

    “Uncut, unfiltered, uninhibited says Shruti Haasan on creating her community on coto

    Mumbai: Known for her authenticity, actor-singer Shruti Haasan has always encouraged women to embrace boldness, break stereotypes, and make unconventional choices. In her world, rules don’t define possibilities; it’s a realm where empowerment flourishes. Furthering this commitment to support and uplift women, the “Monster Machine” singer has joined coto, a social community platform exclusively for women with her community ‘Urban Chudails’.  

    Shruti strongly believes in staying true to oneself—an affirmation of her core values. 
    “Embracing the title of an ‘Urban Chudail’ should be viewed as a positive attribute, celebrating unabashed authenticity, particularly among women. In the vibrant metropolitan setting, women encapsulate diverse personas, each distinct, contributing to their unique ‘Chudail’ identity. Some openly express their sexual orientation, while others enthusiastically embrace solo travel or find freedom in independent living. Fostering this diversity, especially on a platform like coto is essential as it will allow women to appreciate and celebrate the individual qualities that make each of them a unique and remarkable ‘Chudail’ in their own right.”

    Reflecting on her childhood and experiences in the entertainment industry, Shruti Haasan added, “Growing up and working in showbiz taught me a lot. Thanks to my upbringing, I’ve always been outspoken, which has played a big role in my success. I want every woman to embrace fearlessness. To me, being an ‘Urban Chudail’ is a positive concept—it symbolises strength, not just a label. In the digital age, it’s a celebration of being unique and fearless. While times have changed, there’s still some unfair stigma around unconventional choices that needs to be addressed”.

    Having been a strong advocate for healing crystals, manifestation, and higher powers, Shruti views them as creative extensions of herself. Taking this belief a step further, her community on coto is an open invitation for women of different personas to join—a diverse mix of ‘Chudails.’ It welcomes and celebrates the unique qualities each woman brings to the community. Thus, creating a space where women from diverse backgrounds having various perspectives are embraced and can also freely discuss various topics including self-expression, sexual and mental wellness, career, life, music, and art.

    To see what Shruti’s community looks like, click here-  

    Join Shruti’s community Urban Chudails on coto!

    Here’s where you can download coto:

    For Android- https://play.google.com/store/apps/details?id=world.eve.coto

    For iOS – https://apps.apple.com/in/app/coto/id1639803523

  • Almonds Ai releases comprehensive report on India’s evolving channel loyalty landscape

    Almonds Ai releases comprehensive report on India’s evolving channel loyalty landscape

    Mumbai: Almonds Ai, a leading provider of AI-powered solutions for b2b channel partner engagement and loyalty, unveils India’s only comprehensive report dedicated to the Indian channel partner loyalty market. Channel Loyalty Report 2024 offers current market analysis and future projections poised to dominate 2024 and beyond, providing actionable insights for businesses to unlock success with their channel partner engagement, experience, loyalty, and rewards market.

    The Indian b2b channel partner loyalty is 24,000 crore market and, growing at a CAGR of 15 per cent annually. This presents a significant opportunity for businesses to engage their channel partners and cultivate lasting relationships.

    Key Highlights:

    .  55.8 per cent of companies recognize that loyalty programs play an essential role in overcoming the challenges posed by the inflation crisis and potential recession.  

     .  68.6 per cent of respondents plan to increase or significantly increase their investments in channel partner retention programs.

    .   90 per cent of channel partners admit that they are more productive and attached to a loyalty program if it includes some gamified elements.  

    .   The government of India has reintroduced IMPS to increase the immediate payment while strengthening the TDS system through section 194R.  

     .  The impact of loyalty programs extends beyond economic uncertainties, responsible for an impressive 18 per cent-30 per cent surge in spending and visit frequency.

    .   Green Loyalty Programs are considered as the future of GenZ loyalty programs with its environmentally positive approach to loyalty.

    Commenting on the report release, Almonds Ai co-founders Abhinav Jain & Apurv Modi jointly said, “Gone are the days of one-size-fits-all loyalty programs. Today’s B2B partners crave personalisation, innovation, and a connection to purpose. Our report reveals the key trends and technologies businesses need to embrace to forge deeper connections and unlock the true potential of this market.”

  • Unlocking power of clear communication: Conference headsets redefining virtual meeting 2024

    Unlocking power of clear communication: Conference headsets redefining virtual meeting 2024

    Mumbai: A good headphone is an investment that is worthwhile whether you conduct business in a public setting at a conference table or in a private setting at home. Numerous advantages of a high-quality headset dramatically improve productivity and communication in an array of professional settings.

    When selecting the best conference headset, take into account your requirements such as great sound quality, long-term comfort, or affordability. You’re likely to find the ideal headset with these top choices to improve your virtual meeting experience:

    1) EPOS ADAPT 360 Headphones: Crafted by EPOS, a distinguished player in audio technology, these headphones seamlessly merge style, comfort, and functionality. ADAPT 300 is a high-quality headset specially designed for concentration in UC deployment work environments. ADAPT 300 offers Active Noise Cancelling and a 2-microphone beamforming voice pick-up in a robust yet elegant and contemporary design with an intuitive user interface. The MS Teams certification ensures plug-and-play performance through the pre-paired USB dongle and an outstanding range of up to 25 meters. The ADAPT 300 series is the industry-only MS Teams certified.

    To satisfy professionals who value comfort, flexibility, and excellent audio performance in their audio accessories, EPOS designed the ADAPT 360.

    2.   Jabra Evolve2 65 UC:  As a high-end conference headset that meets the needs of business communication in the digital era, the Jabra Evolve2 65 UC stands out. With an impressive 37 hours of battery life, the headset is perfect for extended work periods. Because the Jabra Evolve2 65 UC is designed for Unified Communications (UC) platforms, it integrates with well-known communication tools with ease. To improve user experience, it also has an exclusive mute button, simple controls, and a busy light indicator. With its innovative features and user-focused design, the Jabra Evolve2 65 UC is a superior option.

    3.  Logitech Zone Wireless: Zone Wireless provides an intuitive and simple interface to adjust volume, play/pause music 1 Feature not available on the Microsoft Teams version. And start/end calls. The mic boom features a flip-to-mute function, plus button controls that provide easy access to power, active noise cancellation, and wireless Bluetooth pairing. Zone Wireless supports wireless Qi charging 2 Qi wireless charger sold separately and includes a mobile companion app that supports easy setup and simple control for headset functions like side tone modulation and EQ presets. Throughout the workday, dependable performance is ensured by the battery life of up to 15 hours, and a quick charge feature allows for up to 2 hours of usage with just a 5-minute charge.

    Plantronics Voyager 4220 UC: The Voyager 4220 UC’s well-calibrated triple-mic with improved DSP provides crystal-clear audio clarity. Background noise won’t interfere with users’ ability to have conversations thanks to noise-cancelling technology. With its adjustable headband and soft ear cushions, this headset is perfect for long periods of use. The Voyager 4220 UC allows for smooth connectivity with computers, smartphones, and tablets.

  • Milestone Systems to adopt G7 Code of Conduct for artificial intelligence

    Milestone Systems to adopt G7 Code of Conduct for artificial intelligence

    Mumbai: Milestone Systems, provider of data-driven video technology software, has decided to adopt and implement the G7 Code of Conduct for advanced Artificial Intelligence (AI) systems, becoming one of the first companies to do so.

    Milestone Systems CEO Thomas Jensen said, “We need rules to ensure AI is being developed to serve humanity. But companies should not wait for regulation. They must take their own steps to identify and resolve the weaknesses and pitfalls of the AI they develop,” When it comes to AI-enabled video, we have just scratched the surface of its potential benefits and uses. However, we also understand some of the pitfalls such as bias and false positives.”

    “At Milestone Systems, we are taking significant steps to address potential weaknesses of our tools. By signing up to the G7 Code of Conduct we will continue to focus our efforts on building our software with trust, transparency, and accountability at the front of our minds.” He added.

    The International Code of Conduct for organisations developing advanced AI Systems aims to promote safe, secure, and trustworthy AI worldwide. It was agreed by G7 leaders at the end of October 2023 alongside a set of guiding principles for the world’s most powerful democracies to follow when developing new AI systems.

    Milestone System’s decision comes as the European Union has agreed on its own AI Act.

    Applaud the AI Act –

    Thomas Jensen says, “While we applaud the AI Act, it will take a while before it is implemented, potentially a couple of years. In the meantime, we believe companies should strive to stay ahead of the regulation.”

    “We must not shutter innovation, but to prevent a public and regulatory backlash, AI businesses should be striving to build trustworthy AI. Adopting the G7 Code of Conduct is one such step all companies should take to help ensure responsible use of technology and foster public trust in the new possibilities it presents.” He added.

    The G7 AI Code of Conduct can be found here:

    Shaping Europe’s digital future

  • Kapture CX & Aether Global partner to deliver integrated customer experience in the Philippines

    Kapture CX & Aether Global partner to deliver integrated customer experience in the Philippines

    Mumbai: Kapture, a leading SaaS-based customer experience (CX) platform has recently announced its strategic partnership with Aether Global, a distinguished technology solutions provider headquartered in the Philippines to enhance comprehensive and integrated customer experience in the region.

    The collaboration marks a significant milestone in Kapture’s expansion efforts in the Southeast Asian region and reinforces its commitment to delivering innovative and efficient CX solutions.

    As part of the collaboration, Aether Global will now serve as a key reseller of Kapture’s comprehensive CX solution suite in the Philippines. The partnership brings together the strengths of both organisations to address the growing demand for advanced customer engagement tools and analytics in the rapidly evolving business landscape.

    “We are excited to join hands with Aether Global in our mission to transform customer experiences across the Philippines,” said Kapture CEO and co-founder Sheshgiri Kamath. “This collaboration reflects our commitment to providing businesses with state-of-the-art CX solutions that drive growth and foster lasting customer relationships. Aether Global’s reputation for excellence and deep understanding of the local market makes them an ideal partner as we expand our footprint in Southeast Asia.”

    Known for providing integrated SaaS solutions, Kapture’s CX empowers businesses to seamlessly manage customer interactions across various channels, analyze data to derive actionable insights, and enhance overall customer satisfaction. By joining forces with Aether Global, Kapture aims to leverage the local expertise and market knowledge of its partner to better cater to the unique business needs in the Philippines.

    Expressing enthusiasm about the partnership, Aether Global’s CEO, Emvin Vidola, said, “I am very excited about the possibilities and opportunities that will be brought by the combination of Aether Global’s expertise in the CX space and Kapture’s powerful and easy-to-use capabilities. I believe that this partnership will enable businesses in the region to go above and beyond the usual digital experience given by other available technologies.”

    The collaboration between Kapture and Aether Global is poised to bring about transformative changes in how businesses approach customer interactions, providing them with the tools they need to stay ahead in today’s competitive market.

  • Medial app raises $120K for startup social network

    Medial app raises $120K for startup social network

    Mumbai: Medial app, a professional social media platform purpose-built for the start-up ecosystem, has raised $120K in a pre-seed funding round. The round was led by FirstCheque VC and saw participation from notable angels from Bangalore, Mumbai, and the US including names like Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, Radhakrishnan Ramachandran and others.

    Founded and led by the leadership of Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, Medial App aims to reshape the professional social networking landscape by centring its offerings around professionals’ real learning and growth in the start-up ecosystem. At the heart of its mission is a content and community-driven platform that fosters a vibrant community across diverse tech, product, and UI/UX domains. It serves as a hub of start-up news, industry updates, banters, and advice in a non-clickbaity fashion to add value for its community, and enable transparent and inclusive workplace conversations.

    Expressing his gratitude and sharing his mission, Medial app founder & CEO Niket Raj Dwivedi said, “We’re excited with the early belief of our investors in our vision. We are working super hard to ensure our users get the exact experience that has been missing from most professional social media platforms and bridge the gap that younger folks feel on these company-centric, influence-catering age-old networks. Medial is designed to be a meaningful content and consumption-led professional network instead of a thoughtless connection-led network. We are working towards creating a world-class company-profiling suite and a job board which is responsive within a strict timeline so that candidates are not left hanging after applying to jobs, and allowing companies to showcase themselves better to prospective talent.”

    Medial App enjoys a beta-stage user base of over 5,000 and is set for an official launch by the end of January 2024. The platform aims to evolve into the go-to professional social platform for growth-driven individuals within the start-up/tech ecosystem, gradually expanding its horizons to accommodate more profiles and industries.

    Prateek Agarwal from FirstCheque remarked, “Niket and the team have the right mix to solve the social media problems of today. They want to purify the experience by helping people read unique content and also share their perspectives without the fear of being judged.”

    Medial App plans to deploy the raised capital to primarily fuel product development, user acquisition, and testing of core app features. With promising initial beta app metrics showing great D30 retention and stickiness, the leadership focuses on feature enhancement and the product’s official launch.

  • AutoVRse empowers Tata Power Solar with VR solutions for enhanced training

    AutoVRse empowers Tata Power Solar with VR solutions for enhanced training

    Mumbai: AutoVRse, India’s pioneer provider of augmented reality (AR) and virtual reality (VR) training solutions for businesses, is pleased to announce a strategic partnership with Tata Power Solar. This partnership represents a big advancement in the use of immersive technologies to transform field training approaches.

    Tata Power Solar chose AutoVRse to create a comprehensive training program on safe chemical handling procedures due to the team’s experience in developing AR and VR solutions. As part of the collaboration, AutoVRse will create and implement VR-integrated immersive simulations that improve training efficacy and engagement.

    Field technicians at Tata Power Solar will have access to a thorough and engaging learning experience with the VR training module, which will include three modes: training mode, practice mode, and assessment mode. The adaptable nature of AutoVRse accommodates a variety of learning preferences and guarantees that technicians are prepared to manage the complexities involved in handling dangerous chemicals.

    The VR simulations will be seamlessly integrated with a customised dashboard, in addition to acting as a deployment qualification tool. With the use of this dashboard, Tata Power Solar will be able to track and evaluate each technician’s performance and development, guaranteeing ongoing development and compliance with safety procedures.

    “VR-based training has become a pivotal component within the comprehensive Safety and Digital Transformation strategy adopted by global enterprises,” said AutoVRse’s business development lead Vishal V Ahankari. “Through our collaboration with Tata Power Solar, we aim to achieve a reduction in time-to-proficiency by over 40 per cent, concurrently elevating standards of shop floor safety. This initiative is positioned to significantly optimise operational efficiency by substantially reducing man-hours and fostering overarching gains in productivity.”

    Combining VR solutions demonstrates AutoVRse’s dedication to providing businesses with adaptable and powerful training experiences. Tata Power Solar’s innovative approach places them at the forefront of renewable energy safety training.

  • Immerso AI and Yotta announce strategic partnership for generative media

    Immerso AI and Yotta announce strategic partnership for generative media

    Mumbai: Immerso AI, part of the Eros Investments Group, a leading Generative AI company with intellectual property and licensed data, has announced their strategic partnership with Yotta at Vibrant Gujarat 2024. With this partnership, Immerso AI will leverage the Omniverse platform by NVIDIA and high-fidelity custom development to develop high-quality movie characters from the Eros Now library and Conversational AI and as Avatars and Characters for Gaming and other use cases. This development will leverage the NVIDIA-powered reference architecture with NVIDIA Infiband Networking infrastructure as being deployed by Yotta in Q1 2024. The companies will leverage the recent partnership announcement between the Govt. of Gujarat, GIFT City and Immerso AI Parks to engage local talent for research, development, and deployment.

    “India has the rich talent, vast scale, and deep pools of data to harness Generative AI to help solve the nation’s and the world’s greatest challenges,” said NVIDIA, South Asia MD Vishal Dhupar. “To help achieve this potential, NVIDIA is working with leading Indian businesses, as well as the larger ecosystem, to create cloud-based sovereign AI accelerated computing infrastructure.”

    Government of Gujarat principal secretary, IAS department at science and technology Mona Khandhar mentioned “Gujarat will play a pivotal role in the future of Deep Technology for Digital India and we are very pleased with this collaboration from leading companies like NVIDIA, Yotta and Immerso AI in the Generative AI space developing in Gujarat.

    Immerso AI CEO Ali Hussein mentioned “2024 is going to be the year of Generative Media, unlike other digital business infrastructure and performance will play a key role in generative Media and Gaming. Our core vision to develop India’s largest AIIP company is augmented with this partnership.”

    Yotta co-founder & CEO Sunil Gupta shared “Yotta is dedicated to harnessing AI’s power to transform various industries throughout India. Our collaboration with NVIDIA signifies a notable advancement in this endeavor, reinforcing our dedication to offering top-tier services to both existing and future clients. Through Immerso AI’s capabilities, we believe we can significantly enhance the M&E sector, greatly boosting our abilities in movie production and gaming development.

    As of May 2023, the Indian Generative AI landscape had more than 60 startups dedicated to offering solutions and services to their customers spread across various industry verticals. More than $590 million in funding has already flown into this space, with 2022 being the year with the heaviest funding inflow. 2024 will be a pivotal year in the development of the Generative AI eco-system in India and the native technology will cut across industry verticals.

  • BLS International FZE signs definitive agreement to fully acquire iDATA

    BLS International FZE signs definitive agreement to fully acquire iDATA

    Mumbai: BLS International Services Ltd (BLS), a global tech-enabled services partner for governments and citizens announced that it has entered into a definitive Share Purchase Agreement through its wholly owned subsidiary BLS International FZE, UAE, to acquire a 100 per cent stake in iData Danismanlik Ve Hizmet Dis Ticaret Anonim Sirketi (“iDATA”) and its wholly owned subsidiaries for an Enterprise Value of Euro 50 Million (Rs 450 Crores) and additional milestones based payments. iDATA, a prominent player based in Turkey, specializes in Visa and Consular Services, making it a strategic addition to BLS’s expanding portfolio.

    Incorporated in Turkey, iDATA provides comprehensive visa applications and consular services to various governments. The company currently operates more than 37 Visa Application Centres (VAC) across 15 countries, serving diplomatic missions in Germany, Italy, and the Czech Republic. Notably, iDATA has been the exclusive provider of Visa & Consular Services to the Italy Diplomatic mission since 2006 and the German Government since 2012 in certain geographies. As per the audited consolidated financials for the calendar year 2022, iDATA achieved revenues of EURO 19.9 million (Rs 180 Crores) and EBITDA of EURO 10.4 million (Rs 94 Crores).

    The acquisition would be funded mainly through our internal accruals. Further, the transaction will be EPS accretive from day one and is anticipated to be completed in the current financial year, subject to Government & Regulatory approvals.

    PricewaterhouseCoopers (PwC), Turkey, and Lagrange Point Advisors LLP, Mumbai jointly acted as transaction advisors to BLS on this transaction.

    BLS International Services joint managing director Ltd Shikhar Aggarwal said, “We are thrilled to announce the acquisition of iDATA and its subsidiaries, marking a significant milestone in BLS International’s journey. This strategic move underscores our commitment to becoming a global leader in tech-enabled services for Governments and citizens. This acquisition not only expands our operational footprint but also reinforces our dedication to fostering enduring relationships with Governments.

    We look forward to the completion of this transaction, which will further exemplify our core values of reliability, transparency, and efficiency while supporting the essential functions of Governments across the world.” he added.