CDP Institute

India-based web hosting company Cyfuture has announced the construction of a new data center in Chennai, India. Marking Cyfuture’s fifth India data center, the facility will be located on a roughly one-acre plot in Tembaran, Chennai, and will have a capacity of 500 racks in its first phase.

In announcing the 100% stake acquisition of TekLink, Hinduja Global Solutions (HGS) said it will strengthen HGS’ digital solutions business and add expertise in building data platforms, analytics, and financial planning.

Australian retail sales rebounded in January, according to the Australian Bureau of Statistics (ABS), after a plunge in December. Growth has been flat for several months, though according to the ABS report, consumers have been spending more on services, particularly travel, than on goods.

Codisto, the global leader in omnichannel ecommerce management announced its partnership with Kogan.com, Australia’s largest pure-play online retailer. The partnership offers brands and merchants who use other large ecommerce platforms, such as Amazon, eBay, Google, and Walmart, a seamless path to sell on Kogan Australia’s marketplace.

Asia-Pacific (APAC) organizations are embracing the public cloud to store fast-growing volumes of data, specifically for backup, archive and disaster recovery initiatives, but are hit the hardest by public cloud storage fees compared to their global counterparts, according to Part 2 of Wasabi’s 2023 Global Cloud Storage Index.

Businesses in the APAC region are increasing their social media investments amid economic uncertainties. According to a recent study by Meltwater, three in five marketers and communication professionals in APAC regard social media as more important for their organisation due to economic uncertainties.

Vexi, a digital bank whose main product is credit cards, announced US$8 million in funding. The fintech company founded in Mexico in 2018 will use the capital to increase its client base, incorporate talent into the team, as well as to improve its technology and risk algorithms. Their success had been in under-banked people, where they achieved success by having a card with a very large network with zero rates and a cashback program.