Facebook acquired Scape Technologies

Scape Technologies, the London based computer vision startup working on location accuracy beyond the capabilities of GPS, has been acquired by Facebook.

Scape’s backers included Entrepreneur First (EF) — the startup is an alumnus of the company builder program — along with LocalGlobe, Mosaic Ventures, and Fly Ventures.

Founded in 2017, Scape Technologies was developing a “Visual Positioning Service” based on computer vision which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone.

The technology initially targeted augmented reality apps, but also had the potential to be used to power applications in mobility, logistics and robotics. More broadly, Scape wanted to enable any machine equipped with a camera to understand its surroundings.

Infosys to buy US firm Simplus

Infosys Ltd will acquire Simplus, one of the fastest-growing Salesforce platinum partners in the US and Australia for up to $250 Million. The acquisition is expected to close during the fourth quarter of fiscal 2020.

Simplus is a leading provider and advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce quote-to-cash applications with more than 4,500 projects.

This acquisition, along with that of Fluido announced in September 2018, is expected to strengthen Infosys’ position as an end-to-end Salesforce enterprise cloud solutions and services provider, providing clients with the necessary capabilities for cloud-first digital transformation.

The acquisition would also help Infosys expand its geographic presence as Simplus has offices across North America, Sydney, Melbourne, London, and a large delivery centre in Manila. The Infosys the acquisition comes at a time when last week Cognizant too made two strategic acquisitions by acquiring the French operations of Paris-based EI-Technologies and Atlanta-based Code Zero Consulting.

Cognizant acquires EI Technologies, Code Zero Consulting

In a bid to strengthen its salesforce practice, Cognizant Technology Solutions Corp. has acquired EI Technologies and Code Zero Consulting.

The proposed acquisition would complement Cognizant’s global Salesforce practice and expanding client resources in Europe. The planned acquisition requires advance consultation with the relevant works councils and would be subject to customary closing conditions.

A day earlier, on Tuesday, Cognizant said it acquired Code Zero Consulting, a privately held provider of consulting and implementation services for cloud-based configure-price-quote (CPQ) and billing solutions.

Founded in 2016, Atlanta-based Code Zero specializes in helping companies digitally transform by providing strategy, implementation and migration capabilities to evolve legacy systems to cloud-based CPQ and billing systems. Code Zero is a Salesforce Platinum Partner and includes leading global enterprises among its clients across industries, particularly manufacturing and financial services.