Archive for June 2018

Workday acquires financial modelling startup Adaptive Insights for $1.55B

 Workday acquires financial modelling startup Adaptive Insights for $1.55B

Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It’s buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently as May 17.
Workday [...]

The UK has been crowned the tech unicorn capital of Europe, home to over a third of the continent’s billion dollar startups

The UK has been crowned the tech unicorn capital of Europe, home to over a third of the continent’s billion dollar startups

The UK has established itself as Europe’s tech powerhouse, playing home to 37 per cent of Europe’s unicorn-status tech firms and topping the list of global destinations for tech talent.
With London Tech Week kicking off today, new figures show the UK claims 13 of Europe’s 34 unicorns - referring to companies with a $1bn valuation [...]

China Has Built a Blockchain System That Could Replace Paper Checks

China’s central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official.
In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, said the department has “completed the infrastructure of a [...]