Friday, October 7, 2022

upGrad acquires corporate training solutions company Centum Learning

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upGrad, Asia’s largest higher edtech company announces the 100% acquisition of corporate training solutions leader Centum Learning (Centum) in a share swap deal. With this transaction, Bharti Enterprises Limited and its affiliates (together “BEL”) are joining upGrad’s cap table. Centum is expected to clock a revenue of ~USD 21 Mn (INR 170 crores) in FY23.

FPT Software casts semiconductor subsidiary, makes inaugural chips

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FPT Software, an ICT company in Vietnam, has launched a subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry. FPT Software aims to gain a slice of Asia Pacific’s semiconductor market which accounts for 60% of sales. IDC projects that worldwide semiconductor revenue will reach $661bn in 2022, an increase of 13.7% over 2021. FPT Semiconductor released its first integrated circuits (ICs), which were designed in Vietnam and manufactured in South Korea, in August.

Here are the top three telecom infrastructure trends to watch in 2022

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A new approach to towers, growth of neutral hosts, and an expansion of private networks. Those are three strong trends to consider in telecom infrastructure for 2022. A strong recovery post-pandemic has further accelerated the transition of society moving to digital platforms.

Social enterprise Just Gold named as finalist for accelerating women

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Just Gold has been named a Victorian finalist in the 2022 Telstra Best of Business Awards. Over 24,000 businesses were nominated, and Just Gold Digital Agency was selected by judges for accelerating women and shaping Australia’s economic, social and cultural prosperity.

Demand for secondhand equipment soaring as businesses tackle COVID

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Enquiries for finance for secondhand equipment have increased significantly. Businesses are looking for clever ways to grow their business in response to COVID market opportunities.

What SMB owners must know before considering influencer marketing

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These days, influencer marketing is one of the leading strategies for small businesses. Partnering with influencers can be a great way to raise brand awareness, get your products and/or services in front of a new audience and drive real results for your small business. However, with recent advertising changes being flagged for health products, the boundaries for influencer marketing have become more complex and it can be difficult to navigate for Australian small businesses owners.

71% of Australians are socially less interactive than pre-pandemic

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LifeWorks, a provider of digital and in-person total wellbeing solutions, released its monthly Mental Health Index™ that showed 71% of Australians are comfortable with less social interaction than pre-pandemic and that this group has a mental health score two points higher than the national average. Additionally, more than half of Australians are, or possibly are, rethinking their career goals in terms of both focus and longevity as a result of the pandemic. The Index found that workers are still under strain with a negative mental health score for the 23rd consecutive month.

Two brothers find a unique solution to Aussie’s e-commerce waste problem

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Two brothers from Melbourne have made $1.5m in 12 months by solving Australia’s e-commerce plastic problem, which contributed to 2.5 million tonnes of plastic waste. With 2.6 billion parcels sent around Australia last year alone – Adam and Ace’s solution is to provide home compostable alternatives to bubble wrap, shipping mailers, and printing labels; all of which are currently being sent to landfill and taking 400+ years to decompose.

Massive growth of digital identities is driving rise in cybersecurity debt

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A new global report released by CyberArk shows that 87% of Australian senior security professionals surveyed state that cybersecurity has taken a back seat in the last year in favour of accelerating digital business initiatives. The CyberArk 2022 Identity Security Threat Landscape Report identifies how the rise of human and machine identities – often running into the hundreds of thousands per organisation – has driven a buildup of identity-related cybersecurity “debt”, exposing organisations to greater cybersecurity risk. 

Compare Club plots growth in life insurance with acquisition of Lifelong

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Compare Club is scaling with an aim to grow to $100m of managed premium in the life insurance space with the acquisition of financial advisory service Lifelong Insurance Solutions. The multi-million dollar acquisition means the personal finance marketplace company is well prepared to fill the void left by the exodus of life insurance advisors from the industry in the wake of increasing regulation around life insurance advice. Since 2021, Compare Club has added an additional 2,600 additional life insurance customers through acquisitions.