VARINDIA IT MAGAZINE

Zoom acquires intelligent cloud contact centre Five9 for $14.7bn:  Zoom Video Communications   has entered into a definitive agreement to acquire   Five9 , a leading provider of the intelligent cloud contact centre, in an all-stock transaction valued at approximately $14.7 billion in an all-stock deal, which is its first major acquisition.   The acquisition is set to help enhance Zoom’s presence with enterprise customers and allow it to accelerate its long-term growth opportunity by adding the $24 billion contact centre market.   Zoom says that combining Five9’s Contact Center as a Service (CCaaS) solution with Zoom’s communications platform will transform how businesses connect with their customers, building the customer engagement platform of the future.   Five9 is a pioneer of cloud-based contact centre software and delivers a comprehensive suite of easy-to-use applications that allows management and optimisation of customer interactions across many diff...

Will provide food at 40% discount with only Rs 3,000 cr loss' says, Harsh Goenka:  RPG Enterprises Chairman Harsh Goenka   took a swipe on the success of food ordering and delivery company Zomato's IPO, saying he is looking to start an app like   Zomato   or its competitor   Swiggy , and will provide food at 40% discount with a loss of "only" Rs 3,000 crore.   He further said on his Twitter handle if you think the loss is less, I will give a 60% discount. I will then list it at Rs 1 lakh cr." It Seems there is a great amount of fun in the loss making business.   Talking about the recent IPO of Zomato, in terms of financials, Zomato is a loss-making company. It incurred a loss of Rs 816.42 crore in fiscal 2021, Rs 2,385.60 crore in fiscal 2020, and Rs 1,010.51 crore in fiscal 2019.   Earlier on July 16, Zomato's IPO was subscribed 38.25 times on the final day of the bidding. The offer received bids for 2,751.25 equity shares against IPO size of 71....

Japan sets a world record with fastest internet speed set at 319 Tbps:  Innovations are the core of Japanese and the innovations have changed the world.   A New technology developed by  Japanese engineers  has broken all the record of data transmission speed of 319 terabits per second, the long-haul transfer of data took place over 3,001 kilometres (1,864 miles) long.   They used a combination of rare earth minerals, a new kind of  fiber optic cable , and a laser system. It's almost twice the 178 Tbps record set in 2020 by UCL engineers.   This speed is almost double of the last fastest recorded internet speed which is 178 Tbps, held by researchers from the  University College of London . In addition to this, researchers have also produced 957 petabits per second x kilometre, setting a world record for optical fibers.   That achievement used a coupled three-core optical fiber, a technology that channels data along three optical fiber tubes ra...