Coupa Software, a leader in cloud-based spend management, announced today that it has acquired Simeno Holdings AG, a leader in cross-catalog search and advanced catalog management.

Berlin based challenger bank Penta, is announcing the official launch of their business bank account offering in Germany.

CEO and co-founder Lav Odorovic says the company started out of the founding team’s frustration with business banking, the high fees, as well as the bureaucracy and lack of transparency that today’s legacy banks offer. 

Hollis, a leading provider of enterprise and education technology solutions, has achieved a Silver Small and Midmarket Cloud Solutions competency, demonstrating its ability to meet the evolving needs of Microsoft customers in today’s dynamic business environment. 

To earn a Microsoft silver competency, partners must successfully demonstrate expertise, culminating in Microsoft certifications. In addition, in order to ensure the highest quality of services, Microsoft requires customer references for successful implementations and customer satisfaction.

According to the Financial Conduct Authority (FCA), financial services firms and banks in the UK are not reporting successful cyber-attacks. Megan Butler, Director of the FCA, warned that banks are still not admitting the full scale of cyber-attacks carried out every day.

Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, has been named among the World’s Top 50 Most Influential Leaders in Islamic Economy in ISLAMICA 500 for the third year in a row. 

ISLAMICA 500, Edition 2018 was released on December 6^th in an exclusive private reception organized in cooperation with EDB (Economic Development Board of Bahrain) at the Capital Club Bahrain. 

Inspirational tour operator Virgin Holidays and innovative technology business CodeGen are celebrating ten years of successful partnership this week. CodeGen has powered Virgin Holidays’ bookings via its TravelBox platform for a decade, marking hundreds of thousands of long haul holidays planned and booked through the reservations, sales and administrative tool. 

Growth in card usage outpaces growth in card numbers as a result of contactless technology and wider acceptance

Increasing contactless usage and rising card acceptance fuel cards boom

The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data and Forecasts to 2022. In all regions, consumers are increasingly choosing cards to make purchases.

Tier1CRM, a provider of cloud-based customer relationship management (CRM) solutions for the capital markets industry, announced today that it raised $34 million (USD) in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures.