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Archive for August, 2023

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Dates : August 2023

Abu-Dhabi-based e& selects Oracle Cloud to shape the UAE’s digital future

August 3, 2023
e&, one of the world’s leading technology and investment groups is scaling its cloud footprint to Oracle Cloud Infrastructure (OCI) Dedicated Region to support its business expansion and modernize the business applications. Under an agreement signed at the Oracle CloudWorld Tour in Abu Dhabi, the technology group will also explore migrating its global HR functions to Oracle Fusion Cloud Human Capital Management (HCM).
CDPI Emerging Markets

Malaysia government & GLICs to invest US$211M to support startups & technopreneurs

August 3, 2023
Malaysia’s government and government-linked investment companies (GLICs) will invest US$211M (RM1 billion) in additional funds to match private funds in supporting local start-ups and encourage technopreneurs. Malaysia ranked 20th in the world based on the report of The Global Startup Ecosystem 2023, valuing the Malaysian start-up ecosystem at US$46 billion (RM208.08 billion) for the first half of 2020 to 2022.
CDPI Emerging Markets

Tech Start-Ups and Martech M&A Down: Crunchbase, Founders Advisors

August 1, 2023
Maybe it only seems like martech acquisitions have become more rare.  Founders Advisors reports the number of deals has actually been about flat over the past two years, although deal value and valuations have definitely fallen.  Meanwhile, Crunchbase says the number of U.S.-based start-ups is down 86%  since 2020, with similar declines in Europe and Israel.  I wonder if Crunchbase just hasn’t identified some of newest companies yet.
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