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PlayTech making Big Moves to expand its financial division

PlayTech Plc, one of the leading providers of gambling technology is planning to expand its financial division as it buys customer assets, intellectual property and trading platform from privately-owned ACM group. Founded in 1999 by Israeli billionaire Teddy Sagi, PlayTech has more than 3600 employees spread across their twelve offices …

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Businesses are investing more on optimizations, says reports

The recent reports from various sources, including a report from Research Analyst Gartner regarding the government IT expenditure growth posted earlier, signals the rise in IT spending across the country. The government is not the only party investing more in information technology, as businesses are finding new solutions and initiating …

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Infosys III Quarter net up 7%; total income rises 8.3%

"Infosys"

Infosys Ltd, the nation’s second-biggest software exporter, has reported a 7% increase in the III Quarter net profit. Beating forecasts, the software exporter giant buoyed by an influx of new clientele registered a quarterly net profit of 37.08 billion rupees ($544.03 million). The figures were 34.65 billion for the corresponding …

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Apple invests $1 billion in SoftBanck tech fund

Apple fund softbank

Apple Inc. has confirmed on Wednesday that it will be investing money in the SoftBank Vision Fund, according to a report published in the Wall Street Journal. The SoftBank Fund is the brainchild of Japanese telecommunication giant SoftBank group and will be launched in the coming weeks. The fund has …

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