Encora is acquiring a Romanian software engineering services firm, marking its expansion into the European market, the company announced on Tuesday. Scottsdale-based Encora agreed to acquire Softelligence, which is headquartered in Bucharest, Romania and provides software engineering, artificial intelligence and automation to the insurance and banking industries.
Scottsdale-based Encora has named Anand Birje as its new CEO, effective May 15, the software engineering services company announced on Wednesday. Birje most recently served as president of the digital business services division for HCLTech, an information technology company headquartered in India. Birje succeeds Encora’s founding CEO Venu Raghavan, who will remain with the company as executive chairman, according to a company release.
Ashley Glover grew up around horses, and is an experienced rider. At any one time, Glover and her husband Dan own more than a dozen horses spread out between their large ranch near Dallas and a boarding facility in Scottsdale. Little did Glover know that an accident in late 2020, when she fell off her horse and broke six bones, would play into her decision-making process when she took a call in the late summer of 2021 about a CEO job opening at Phoenix software firm WebPT.
A Phoenix-based software startup that connects companies with environmental, health and safety professionals raised a new round of funding to expand its technology and workforce. YellowBird said it closed a $6.25 million oversubscribed seed funding round led by Rebalance Capital and Manifold Group with participation from QBE, Nationwide’s venture capital team, Plug and Play and Cameron Ventures, among other investors. The company was initially seeking $5 million in funding.
Artificial intelligence is making a big impact on the tech industry. ChatGPT, which stands for generative pre-trained transformers, is a chatbot introduced to the world in November 2022 by OpenAI, an AI research and deployment company.
When Vincit CEO Ville Houttu moved from Finland to California to launch the company’s U.S. subsidiary in 2016, he had ambitions of tapping into a new market ripe with innovation and demand for high-end software services. The software and development company had an established presence in Finland, where it grew to more than 350 employees and went public on the Nasdaq First North marketplace. It was also named the Best Place to Work in Europe by the Great Place to Work Institute.
At CES in Las Vegas, Intel announced its 13th Gen Intel® Core™ mobile processors that bring superior performance and experiences to mobile platforms. Intel introduced 32 new 13th Gen Intel Core mobile processors with a rich suite of features and capabilities for all laptop segments.
A year and a half after the acquisition of a Valley tech company, Vincit is expanding into a new office in Scottsdale. Vincit will move into a 4,268-square-foot space in south Scottsdale at the Quad, bringing 25 employees to its new space located just southwest of Old Town. The firm first expanded into Arizona in April 2021 after it acquired Scottsdale web marketing firm Vuria Creative Technology.
Scottsdale-based Axon Enterprise Inc., a maker of equipment and systems for law enforcement agencies, saw its shares surge Wednesday after reporting record revenue for the third quarter, beating analysts’ earnings estimates and forecasting continued momentum. Axon (Nasdaq:AXON) said its revenue was $312 million for Q3, which was 34.5% above the same period last year. Adjusted earnings were 60 cents per share, well over the consensus estimate of 49 cents.
Digital Air Strike, the leading consumer engagement and customer experience (CX) technology company, is honored to announce its clients and partners have selected it for the inaugural Inc. Power Partner Awards program. Digital Air Strike was the only Arizona-based company in the software category to make the inaugural Inc. Business Media list. Digital Air Strike was selected for this exclusive recognition based on direct feedback provided by the company’s clients and business partners. Digital Air Strike was named one of five software companies focused on the Advertising & Marketing sector.