Instead, the key is optimisation through a combination of rightsizing, migrating some workloads to the cloud, and putting a strategy in place to manage future needs.

Here are some important points to consider on your cost-saving journey.

Software licence reconciliation

Flywire Corporation (Flywire), a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire.

TS Imagine, a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth. 

The new board members bring significant expertise in core business areas, including digital assets, securities finance, derivatives, and market structure, as the business builds market share in these sectors. The new non-executive board appointments are: 

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, today announced that it has been selected by Kroo to provide access to all UK payment schemes as well as accounts for its operational funds. Kroo recently secured a full UK banking licence, and ClearBank will continue to support Kroo on its mission to build the world’s greatest fully licenced social bank.

Mollie, one of the fastest growing payment service providers in Europe, today announced the launch of its new Technology Partner Program. The program aims to help SaaS platforms and technology companies grow their customer base, reach new markets, and improve customer retention. 

Plenitude, the Financial Crime, Risk and Compliance (FCC) specialists today announced a strategic investment from Growth Capital Partners (GCP), the private equity firm focused on investing in outstanding growth companies in the technology and services sectors. The investment will support the further build-out of new capabilities and offerings and will accelerate Plenitude’s expansion plans. 

CleverTap, the modern, integrated retention cloud, today announced it has partnered with Unocoin, India's first crypto exchange, to optimize, accelerate their user engagement, and provide a seamless omnichannel customer experience.

Today, the new investment platform Lightyear announces a $25M Series A equity round led by Lightspeed Venture Partners. The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the round alongside a number of new and existing angel investors. 

The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to further support trade finance activities across Africa. The facility will contribute to reducing Africa’s trade finance gap by enhancing Societe Generale’s risk-bearing capacity by up to fifty per cent, enabling it to provide increased confirmation limits to local issuing banks on the continent.

Coventry-based Unipart Powertrain Applications (UPA) is part of the wider Unipart Manufacturing Group (UMG), a leading Tier 1 supplier of components to the global automotive industry. With just a few hours of finished stock held on-site and delivered on a just-in-time basis, even minor service interruptions can have huge knock-on effects across the entire Unipart supply chain.