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Brainomix raises £14m for USA expansion
AI medical imaging SME Brainomix has raised £14m in a Series C investment round led by existing investors Parkwalk Advisors and the Boehringer Ingelheim Venture Fund (BIVF) and new investor Hostplus...
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NTT Data outlines banking perspectives
NTT DATA UK&I has published its latest perspectives on the Banking sector, highlighting a number of the forces that are set to influence future prospects. NTT’s Banking Trends 2025: Key Shifts and...
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Accenture's stock falls despite solid Q2 performance
Building on the increasing momentum evident in its prior two quarters (see here), Accenture chalked up a top end of guidance revenue performance in Q225. Company turnover for the three months ended...
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Another TCS BaNCS win at Cumberland
The UK Building Society sector has proved a happy hunting ground for TCS in recent years and where its BaNCS suite of products have become a platform of choice among lenders.TCS has a strong track...
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FINAL CHANCE to participate in the Spring 2025 edition of TCI
How do you feel the UK tech scene is performing?TechMarketView wants to hear again from UKHotViews readers about how you view the current state of the UK tech scene.Last September, TechMarketView...
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NatWest inks new deal with OpenAI
NatWest has signed a major new deal with artificial intelligence pioneer, OpenAI, to help further enhance the UK bank's customer support processes via the application of AI. As a result of the deal,...
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NTT DATA positioning for an Agentic future
At last week’s NTT DATA Inc Executive update for industry analysts, CEO Abhijit Dubey returned several times to the theme of an Agentic AI future even speculating the potential need for companies to...
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Post-quantum migration should be underway by 2028
Last week the NCSC published a report outlining a timeline by which organisations must migrate safely to post-quantum cryptography (PQC), as the development of more capable quantum computers raises the...
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Team Internet pivots amid challenging Search landscape
Team Internet's FY2024 results (badged as a trading update to allow sufficient time for the company’s auditor PWC to complete its audit) reveal a company in transition, with a -4.1% decline in gross...
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A slow year for GetBusy
Cambridge HQ’d productivity software provider, GetBusy plc’s hopes that its “more modest” H124 top line performance would be followed by a much stronger end to the year proved overly optimistic. In...
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Personal Group benefiting from streamlined structure
A lot has happened since we last took a look at the Personal Group some twelve months ago (see Personal Group’s year of change). This morning’s results outline a solid financial performance for FY2024,...
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Reactwise raises £2.6m to advance AI-driven drug manufacturing
London based startup Reactwise has secured $3.4m (£2.6m) in pre-seed funding, including a highly competitive Innovate UK grant, for its approach to AI-driven drug development. The round was backed by Y...
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AI in Government: Promise vs preparedness amid civil service cuts
As Rachel Reeves delivers her Spring Statement today, we face a significant tension between the government's ambition to harness AI for public service transformation and its readiness to do so.Ahead of...
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Atos UK&I rebound: Defra win provides major boost
Atos has signed a five-year contract, with a potential total value of £150m, to deliver transformational End User Services to Defra’s 33,000 colleagues across the UK. The new contract will see the...
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Leidos UK & Europe appoints Adam Clarke as new CEO
Leidos has announced the appointment of Adam Clarke as the new Chief Executive Officer for Leidos UK & Europe, effective 31st March 2025. Clarke brings over 20 years of experience in the aerospace,...
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NCA highlights worrying advances in criminal exploitation of technology
The National Crime Agency has outlined the serious and organised crime (SOC) threats facing the UK in its annual National Strategic Assessment. The report highlights how online networks of criminals...
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Transition continues as Aptitude's revenue slides
UK software vendor, Aptitude, has published its latest annual results revealing a decline in revenue coupled with a modest upturn in profitability. For the year ended 31 December 2024, total revenue...
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Why the future of work isn't only about AI (Sponsored Post)
With the digital skills gap estimated to be costing the UK economy £63 billion per year, conversations about the future of work need to be as much about training as they are about technology. Join...
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*NEW RESEARCH* The UK Customer Experience Market 2024-2027
The UK Customer Experience Market 2024–2027 report is now available to download. The document contains TMV’s estimates of the sizes and growth rates of the UK CX Software and IT Services (SITS) market...
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*UKHotViewsExtra* Spring Statement prioritises defence technology spending
Given the government’s commitment to holding just one major fiscal event each year in the autumn, yesterday’s Spring Statement was supposed to have been a minor update. However, the Office for Budget...
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Burbank secures £5m for remote payment proposition
Welsh payments technology startup, Burbank Developments, has secured £5m to support the launch of its fledgling payments platform Card Present over Internet (CPoI). The seed funding round was led by...
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Microlise delivers solid performance despite significant cyber incident
Nottingham-headquartered transport management software provider Microlise Group, has reported impressive financial results for FY24, demonstrating real resilience despite facing a significant cyber...
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Tribal posts strong double-digit cloud growth for FY24
Education software and services provider Tribal Group has announced preliminary results for FY24 (ended 31st December 2024) – delivering a solid performance, with key metrics exceeding market...
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Wipro UK lands £500m pensions admin deal
Wipro UK has secured a landmark business process services contract with Phoenix Group, the UK's largest long-term savings and retirement business. Worth £500m, the ten-year outsourcing deal will see...
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Website maintenance notice
We are performing essential maintenance and system upgrades this weekend. DetailsDate: Friday 28th March 2025 Time: 4 pm Duration: all weekend We will be back online on Monday, 31st March 2025.Thank...
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Advanced fined £3m for NHS data breach
The Information Commissioner’s Office (ICO) has fined Advanced Computer Software Group (Advanced) £3m following a ransomware attack on the NHS in August 2022.Notably, the ICO originally considered a...
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CGI creates VR marathon experience for neurodivergent runners
CGI has partnered with Brighton Marathon and the National Autistic Society to create a virtual reality (VR) walkthrough experience of the marathon, in an effort to make the event more accessible and...
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Cognizant and ServiceNow target Mid-Market Banking pain points
The business process space is increasingly migrating towards software delivered services (see Business Process as software signals next phase in BPO evolution) with a heavy emphasis on AI/human...
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DXC Technology appoints Newcomb as CRO
DXC Technology has added another senior appointment to its leadership team with the arrival of T.R. Newcomb into the company’s newly created role of Chief Revenue Officer (CRO). Announced in his new...
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Paid secures £8.3m to help monetise AI Agents
London-based startup Paid has emerged from stealth with a €10m (£8.3m) pre-seed funding round led by EQT Ventures and Sequoia Capital. The company is aiming to redefine how AI agents are monetised,...
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Tesco's Insurance arm selects Zensar Technologies
Mid-sized Indian IT services provider, Zensar Technologies has been selected by Tesco Insurance and Money Services (IMS) to help the company modernise operations and fully embrace digital processes....
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AI Crime Taskforce required to tackle growing threat of AI-enabled crime
The Centre for Emerging Technology and Security (CETaS), which is based at The Alan Turing Institute, has published its report on AI and Serious Online Crime, highlighting how AI proliferation is...
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Cirata’s groundhog days continue
As we anticipated in our coverage of its first half results (see here), Cirata’s hopes of a big sales finish to FY24 failed to materialise. In line with the trading update issued by the data migration...
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CloudCoCo reaches “end of an era”
CloudCoCo has announced its results for the year to end September 2024.The firm has pivoted recently and is now an IT procurement solutions provider – via both direct sales and its e-commerce...
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TechMarketView: A new lens for a complex future
In the nearly two decades since TechMarketView was founded, seismic technological change has reshaped industries, economies, and societies. Yet, despite this unprecedented transformation, one thing...
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*UKHotViewsExtra* AI (with adoption assistance) dominates at Oracle and...
Both Oracle and Oracle NetSuite held their flagship UK customer events in London recently, and AI advancements stood behind the major announcements for both companies.Whilst Oracle’s news focused on...
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10x Banking searches for a buyer
According to media reports, 10x Banking, the cloud-native technology vendor founded by former Barclays CEO, Antony Jenkins, is exploring a possible sale of the business. Sky News has revealed that core...
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Accenture-Siemens alliance scales
Accenture and Siemens have significantly expanded their long-standing partnership, forming a dedicated Accenture Siemens Business Group, announced yesterday at Hannover Messe 2025. The companies plan...
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Capita secures £107m extension to Northern Ireland Education IT contract
Capita has secured a two-year extension to its longstanding ICT contract with the Northern Ireland Education Authority. The contract, originally acquired through Capita's 2013 purchase of Northgate...
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Diffblue awarded £1m Innovate UK grant
Diffblue has secured a £1m grant from Innovate UK as part of ITEA’s Generative AI for the Software Development Life Cycle (GENIUS) project. The company, which spun out from University of Oxford in...
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OpenAI to raise $40bn in new funding round
OpenAI said yesterday it would raise up to $40bn in a new funding round led by SoftBank Group, at a reported $300bn valuation, to advance AI research, expand computational infrastructure and enhance...
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Pulsant acquires data centres from SCC
SCC is set to sell two of its UK data centres to edge infrastructure provider, Pulsant. The carve out deal will include SCC’s Birmingham and Fareham facilities and will see its roster of...
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UK revenues decline for Corero as it expands global reach
AIM-listed Corero Network Security closed FY24 on a high, recording double-digit revenue growth as demand for its DDoS Protection-as-a-Service (DDPaaS) solutions continued the trajectory we saw in the...
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Atos appoints EVP and Head of “Eviden”
With Atos’ new CEO, Philippe Salle, in place since February, we now await the Capital Markets Day on 14th May to hear his vision and mid-term strategy for the Group. There is every indication that a...
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Builder.ai hires auditors amidst inflated sales
London based startup Builder.ai, which provides an AI powered composable software platform, has reportedly hired two of the Big Four auditing firms to go through its finances from 2023 and 2024. The...
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Experian completes Brazilian buy
Global data and technology provider, Experian has completed the purchase of Brazilian digital fraud prevention provider, ClearSale S.A. The c.$350m cash and shares acquisition further extends the...
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Government outlines new Cyber Security and Resilience Bill
The UK government has outlined further details about the forthcoming Cyber Security and Resilience Bill. The Bill, which was announced in last year’s King’s Speech (see King’s Speech introduces...
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Zepz raises $165m in growth financing from HSBC
UK-based fintech Zepz has raised $165m in growth financing (comprising a $110m revolving credit facility led by HSBC Innovation Banking, and $55m facility underwritten by HSBC Private Credit). These...
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