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Tuesday 16 August 2022

3 reasons you should explore 'Content Marketing' with us at TechMarketView.

TMV Advertising* Create sustainable brand loyalty by providing valuable information to customers and positioning your business as an expert in the relevant field, encouraging existing customers to explore further opportunities whilst also driving new lead generation.  

* Improve brand reputation and awareness with a fully integrated marketing campaign with decreased marketing costs (versus traditional marketing tactics) that can generate inbound leads with the potential for compounding returns and limitless growth.

* Open new channels of communication with unexpected audiences through social shares and comments, enabling you to build on new connections and create a larger digital footprint and in turn, a larger pool of opportunities. 

The customer's journey starts with a search and if done right the opportunities we have (combined with access to our UKHotViews audience of over 20,000 subscribers), will not only make your business more approachable but it will optimise and amplify your voice within the marketplace.

Let us help you explore our advertising opportunities further and discuss your requirements with Emily Mills.

Posted by: HotViews Editor at 00:00

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Monday 15 August 2022

Jarvo looks to the crowd for strangers to work from your home

logoContrary to what you may think, I really don't derive enormous pleasure from ‘raining on an entrepreneur’s parade’. But sometimes I see so many ‘challenges’ to a business model that I wonder if I am truly missing something (which has been known!).

Latest case in point, Reading based Jarvo, a start-up which lets you offer a spare room in your dwelling for a perfect stranger to work from your home for a day (or I guess more).

Here’s how it works.

You pay a £200 per month subscription fee to get (and I assume give) unlimited access to the Jarvo network of workspaces, of which there are some 1,000 so far ‘committed’, mainly in London and around the M3/M4 corridor. Jarvo takes 20% of the month’s revenue and then splits the rest among each active host based on their ‘activity’.

Get it? Got it. Good!

Jarvo was the idea of property industry entrepreneur Dan Hillman, who started his career with the (in)famous Candy brothers and went on to launch a residential maintenance services company and then a residential property development business before founding Jarvo in 2021.

Let’s set aside for a moment – no, let’s not – the many issues around renting out a room in your home for commercial purposes, such as insurance, tax, council approval, health & safety, legal liability etc etc and, most importantly, who’ll clean the toilet.

Success will come down whether you and I are willing to shell out £200 a month in the hope having enough people use your spare room to more than cover the cost (and angst) of having them inhabit your home. Unless, of course, you are a lonely soul and are willing to pay just for the company.

It’s still early days, of course, but Hillman has got off first base with a £200k crowdfunding raise which offered punters just under 14% of the equity at a pre-money valuation of £2.7m (I’d love to see the basis for that valuation!).

Hillman has 429 ‘believers’ who threw their dosh into the Jarvo hat. But as you might have guessed, I am not one of them.

Posted by: Anthony Miller at 20:54

Tags: funding   startup  

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Monday 15 August 2022

*NEW RESEARCH* SITS market: What happens after the boom?

TechMarketView’s new Market Trends & Forecasts 2022 report shows the UK Software and IT Services market hit growth of 9.3% in 2021 – the highest for many years. But as we continue to live through uncertain times, what is likely to happen to market opportunities this year and beyond? teas

Georgina O’Toole, Chief Analyst at TechMarketView, commented: “The geopolitical environment and macroeconomic picture have pushed digital transformation higher up the agenda of many end user organisations. Investment in tech is seen as one way for organisations to become more resilient - from investing in AI and automation to mitigate against skills shortages, to investing in supply chain management technologies to provide better data analytics and visibility, to investing in business intelligence for improved strategic and operational planning. Last year, SITS market growth rate peaked at 9.3% as a result.”

While we do not expect this rate of growth to be matched in 2022, we are predicting a consistently strong SITS market through to the end of our forecast period in 2025. Our latest Market Trends & Forecasts 2022 explains why and describes in depth the trends that are driving market behaviours.

O’Toole added: “Our 2022 Research Theme – Building Resilience – has looked more and more appropriate as the year has progressed. Uncertainty has become the norm and organisations are increasingly focused on being prepared for future – high impact – events. This is driving organisations, in both the public and private sectors, to accelerate their digital transformation programmes.”

For more than a decade, the TechMarketView Market Trends & Forecasts reports have guided buyers and suppliers as they navigate change, opportunity, and challenge. Such is the demand for our market data and trends analysis of the UK Software and IT Services (SITS) market, that since 2020 we have published an in-depth report in Summer followed by a Market Outlook Update in the Winter. Furthermore, with a current global backdrop characterised by such uncertainty, there has arguably never been a time when gaining market insight is so important.

The TechMarketView Market Trends & Forecast report has been authored by our team of market experts. It covers market forecast and growth rates to 2025 and explains market trends by services type (Consulting Solutions, Operations) and across industry sectors (both Public Sector and Commercial).

Can you afford NOT to read it?

Clients of the TechMarketView Foundation Service research programme can access the report here: Market Trends & Forecasts 2022.

If you do not have access to the Foundation Service programme, please contact Deb Seth.

Posted by: HotViews Editor at 09:45

Tags: trends   forecasts   market+trends  

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Monday 15 August 2022

Cynerio and ITHealth partner for Healthcare cybersecurity

CynerioCynerio, a healthcare IoT cybersecurity firm announced a new partnership with UK based ITHealth, a major provider of security solutions and services to the NHS. The new partnership will enable NHS organisations to increase the visibility and security of their IT, IoT and medical device infrastructure, while achieving compliance with NHS regulations such as the DSP (Data Security and Protection) Toolkit.

ITHealth

Cynerio is HQ’ed in the US and provides a ‘one-stop-shop’ Healthcare IoT security platform. The platform contains both proactive and reactive protection measures for a multi-layered defense and centralised visibility of a hospital's IoT, OT, IT and mobile devices.

UK based ITHealth has been in business for over 30 years (initially founded as BMS U.K. Ltd in 1991) and works exclusively with NHS organisations providing cybersecurity and access management solutions. Their Assurance Dashboard Solution is now used by over 130 NHS organisations.

The partnership will see the integration of Cynerio's healthcare cybersecurity solution with ITHealth's Assurance Dashboard to provide greater visibility into healthcare organisations estate-wide security, deliver automated DSP compliance and reduce cyber risk by securing vulnerable IoT and medical devices.

The NHS continues to be a targeted by increasingly sophisticated cyber attacks, the latest a ransomware attack on NHS 111 through IT supplier Advanced – see here. As healthcare continues to utilise increasingly connected technologies, such as IoT devices, they are exposing themselves to greater cyber threats as the potential attack surface expands rapidly. Healthcare organisations often have limited visibility of such devices, and they often contain very little to no in-built security measures. This is going to be a huge opportunity in the years ahead for IT vendors who can take advantage of the lack of tooling, and understanding, of how to discover, monitor and secure IoT and medical devices as well as traditional IT assets and systems.

Posted by: Simon Baxter at 08:48

Tags: iot   cybersecurity   healtcare  

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Monday 15 August 2022

Cisco discloses cyber-attack on corporate network

CiscoCisco disclosed last week that it was breached by a cyber threat actor who has previously worked as an Initial access broker (IAB) with ties to cybercrime gangs Lapsus$, UNC2447 and Yanluowang. In addition, the Yanluowang ransomware group published a partial list of files it says were stolen from Cisco. Cisco says that there was no ransomware deployment during the attack that it could find.

Cisco became aware of a potential compromise on 24 May 2022 and has since been working to remediate. During its investigation, it was determined that a Cisco employee’s credentials were compromised after an attacker gained control of a personal Google account where credentials saved in the victim’s browser were being synchronized.

The attacker conducted a series of sophisticated voice phishing attacks (aka vishing) under the guise of various trusted organizations, attempting to convince the victim to accept multi-factor authentication (MFA) push notifications initiated by the attacker. ‘Vishing’ is an increasingly common social engineering technique whereby attackers try to trick employees into divulging sensitive information over the phone.

The attacker ultimately succeeded in achieving an MFA push acceptance, granting them access to VPN in the context of the targeted user. After obtaining this initial access, the threat actor conducted a variety of activities to maintain access, and increase their level of access to systems within the environment.  The threat actor was successfully removed from the environment but repeatedly attempted to regain access in the weeks following the attack, though unsuccessfully.

IABs often act as contractors for different threat actors, with many auctioning their access to corporate networks on popular dark web hacking forums. While the data exfiltrated from Cisco seems to have not been particularly sensitive, such attacks are often about the IAB promoting its capabilities, as well as selling the access to other cyber criminal groups.

Posted by: Simon Baxter at 08:40

Tags: cybersecurity  

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Monday 15 August 2022

Have you booked your place?

Have you got your place booked? There's only just over a month to go before An Evening with TechMarketView returns and we can't wait to see so many of you in person at the event. Book your ticket today here.

The event will take place at the magnificent Royal Institute of British Architects (RIBA) building in London on 22 September. 

Book Now!

As in prior years, you can expect an opportunity to mingle with your peers at the welcome drinks reception supported by InterSystems; to hear first-hand from our analysts and guest speakers through a series of short presentations, fireside chat and a panel debate; and to network over dinner with leaders from across the UK tech sector.

Join us from 6.30pm on 22 September to gain insight from – and share views with - our expert analyst team and guest speakers around the theme of ‘Building Resilience’ and what it means for the UK tech sector. For more on the evening and details of our guest speakers see our website

Ticket sales are open and places are now limited.

To secure your place, book your table or individual tickets via our event partners tx2events today here.

If you’re unsure which tickets you’re eligible for, or you’d like details of the sponsorship packages available, please email info@techmarketview.com.

With grateful thanks to our sponsors. 

InterSystems

Computacenter logoAqillaScaleup Group

Posted by: TMV Team at 08:00

Tags: event  

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Monday 15 August 2022

Unlock Your Potential with a UKHotViews Premium Subscription

UKHotViews Premium Subscription

Posted by: HotViews Editor at 00:00

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Saturday 13 August 2022

Tech stock rally continues after better US inflation news

Tech stocks had a strong month in July - by 2022 standards at least - and the upward momentum has continued so far into August. The tech-focused NASDAQ closed on Friday 16.6% down year-to-date (YTD), compared to a low point of over 30% down YTD at mid-June. The UK FTSE Software and Computer Services (SCS) index has closely tracked the NASDAQ so far in 2022 and is now down 16.7% YTD. The broad-based FTSE 100 has also enjoyed a mini-rally in recent weeks and is now up 1.6% YTD.

All of this is in large part due to recent economic news out of the US, with inflation showing signs of easing, coming in below expectations for July. This led investors to believe that the Federal Reserve could temper the speed and magnitude of further interest rate rises. This in turn led to a rally in equities and particularly in growth stocks, which are especially vulnerable to rate rises because of the need to more heavily discount future earnings estimates.

The better-than-expected inflation news came just a few days after US employment data showing the labour market there remains hot. So, might it be that the world's largest economy is managing to bring inflation under control without triggering a recession? This is certainly the hope for markets - time will tell if it turns out to be the case.

mid aug chartMeanwhile, back in the UK the economic news is less promising. We await updated employment and inflation data this week. But the news on gross domestic product (GDP) posted on Friday already shows the economy contracting in the second quarter. The Bank of England is predicting a full recession by late 2022 and into 2023, as households feel the effects of inflation, which is predicted to continue to grow in the UK longer than in the US.

And as for tech stocks? Of course, 2022 hasn't been a great year so far. But taking a longer-term view, the NASDAQ is now up over 86% since the start of 2018 and - as the chart shows - up a similar amount from the start of the pandemic in March 2020. The UK FTSE SCS and FTSE 100 have fared rather less well over this time horizon. Unfortunately, the UK economic picture suggests this dispiriting performance may continue for a while yet.

Posted by: Tania Wilson at 13:48

Tags: markets   macro  

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Friday 12 August 2022

*UKHotViews Extra* Capita’s latest scaling partner WithYouWithMe has a vision to change 15,000 Futures

WYWMIt’s now over four years since we first started following Capita Scaling Partner (CSP) – Capita’s scale-up development unit – click here and read back. Since it was first set up, CSP has consistently partnered with both interesting and dynamic start-ups and scale-ups – you can read our profiles of both Distributed and Dragonfly which are both great examples. CSP’s latest partner is no exception – WithYouWithMe is an Australian-headquartered workforce technology platform provider focused on helping armed forces veterans and other overlooked groups find employment (particularly in the tech sector) through aptitude testing and digital skills training.

WithYouWithMe (WYWM)

WYWM was founded in Sydney back in 2015 by three university friends, two of whom served in the military. The business aims to help organisations fill their “digital skills gap” and has grown successfully in its domestic market having been labelled Asia Pacific’s “fastest-growing tech company” (Deloitte Technology Fast 50) and is now looking to expand internationally in other English-speaking jurisdictions.

WYWM is firmly in the “profit with purpose” camp with an offer targeted to a range of groups often underrepresented in the jobs market including military veterans, refugees, or those with neurodiverse backgrounds. The company is also aiming to introduce more women to the male-dominated tech industry. 

The aim is to introduce individuals from these groups to opportunities in well-paid employment particularly in the digital/tech field by providing access via the company’s ‘Potential’ tech platform. The software provides aptitude and psychometric testing (designed to help move the recruitment process away from CV-based experience-led approaches) to match candidates with a range of digital roles. The firm then provides free training – accredited through the likes of GCHQ – to help candidates win placements with large employers (20,000+ claimed to date). Training ranges from entry-level right up to advanced courses across ten of the most in-demand digital careers, including data analytics, software development and cyber security. WYWM claims that if an individual has the aptitude and attitude that’s right for a digital career, it can train them to be proficient in under 100 hours.

TechMarketView subscription service clients and UKHotViews Premium subscribers can read more on UKHotViews Extra.

Posted by: Marc Hardwick at 11:14

Tags: defence   digital+skills  

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Friday 12 August 2022

HCL launches VMware business unit

hclHCL Technologies has launched a dedicated VMware business unit for multi-cloud and app modernisation

The unit will combine HCL’s CloudSMART framework and VMware’s Cross-Cloud services to help their joint customers speed up and scale out cloud operations.

The unit is part of HCL’s Strategic Alliance Partner Ecosystem and will help customers “pursue the path of digital dominance”. In November of last year, HCL announced its new AWS business unit, which is taking a vertical-first approach, specifically in Financial Services, Telco, and Energy & Utilities.

As we outlined in our Market Readiness Index report for tech buyers, HCL’s work to initiate a proactive and systematic approach to its ecosystem of partners has produced dividends. The moves to deepen its partnerships with VMware and AWS further demonstrate the importance HCL attaches to the ongoing develop of its ecosystems.

Posted by: Kate Hanaghan at 09:30

Tags: partnerships  

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Friday 12 August 2022

*NEW RESEARCH* Business Process Services Supplier Ranking

The Business Process Services market remains cyclical, strongly impacted by macro trends and developments. Some of these factors have been supportive of an outsourced model of delivery, notably skills and labour shortages with client organisations struggling to scale as they recover from the impact of the pandemic.

BPS OpsThe labour and skills ‘pinch’ in particular, has become a driver for outsourcing at a time when many organisations are re-examining their operating models, looking to invest in digital transformation initiatives. The use of third parties remains critical to driving through such change and the most digitally able BPS providers have certainly benefited. Changing working patterns and increased use of data, analytics and automation as operations look to become both more intelligent and resilient, have also benefited BPS providers.

Subscribers to TechSectorViews can read the full analysis of who's hot and who's not, and why, in our new UK Operations: BPS Supplier Rankings report

The largest BPS operations players experienced a bounce back from COVID in 2021 with the ‘Top Twenty’ largest suppliers growing by an aggregate of 8.4%, having declined by -2.8% the previous year. Whilst headwinds such as contract attrition, insourcing, service decoupling and price competition all still exist, BPS suppliers have benefited from investment targeted towards digitising client operations, an increasing shift towards supporting revenue enhancement and the deployment of a new generation of services expanding the scope of BPS offerings.

TechSectorViews subscribers can download the report here. For information about how to access this report and find out about our other content and services please drop Deb Seth an email.

Posted by: Marc Hardwick at 09:21

Tags: newresearch   operations   ranking  

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Friday 12 August 2022

Did you know our Corporate Subscriptions are for...

… organisations of all shapes and sizes?

Whether you represent an ambitious start-up or a well-established multi-national, we can offer a subscription package that’s tailored to the size and shape of your business.

CORP SUBSCRIP

Choose the TechMarketView research streams that are relevant to your business

• the Foundation Service, cornerstone of our analysis of the UK tech market

• the brand-new TechSectorViews research stream, which brings together all of our ‘horizontal’ tech analysis

• PublicSectorViews, for in-depth coverage of the UK Central Government, Local Government, Defence, Education, Police and Healthcare markets

• and FinancialServicesViews, focused on Banking, Insurance and Financial Markets, as well as FinTech & InsurTechs.

And with a corporate subscription all of your employees can have access to the same insightful research for no additional cost (we don’t charge per seat – anyone with a corporate email address from your organisation can be added to the account).

That’s not just UK-based employees either – it may surprise you to learn that only 53% of our readership are based in the UK, we really are global!

Plus when you sign up you immediately get access to every piece of research we’ve ever published in your chosen research stream/s and the searchable archive of over 20,000 UKHotViews and UKHotViewsExtra articles – a treasure trove of insight on tech suppliers and trends.

As a corporate subscription client you can also take advantage of unmetered analyst access – half hour calls or short email exchanges with our analysts to quiz them about what the research means to you are ‘all part of the service’.

Want to know more? Check out the Corporate Subscriptions area on our website and email our friendly Client Services team via info@techmarketview.com for a quote that’s tailored to your organisation.

Posted by: HotViews Editor at 00:00

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Thursday 11 August 2022

Stay up to date with the latest Cybersecurity news

Cyber threats continue to become more sophisticated, multiple industries are at a heightened risk due to an expanding attack surface and many UK organisations find themselves struggling to keep up with the pace of changing threats, such as double extortion ransomware tactics and attacks targeting Operational technologies.CyberViews Q2

Our CyberViews report is a new format we are trialling to bring together the many disparate pieces of news and data from across the market over the past few months, and provide useful insight into the current market trends and cyber threats.

So if you want to make sure you are upto date with the latest cyber-attacks, vendor moves and market data, make sure to give it a read!

This quarter we are looking at the continuing threat of Ransomware, the changes to cyber threat actors Lockbit and Conti, and a focus on the industrial sector which remains the prime target for cyberattacks. It also includes a roundup of significant publicly announced cyber-attacks from around the globe.

Subscribers to TechSectorViews can read the full report here. If you are not currently a subscriber, please contact Deb Seth at dseth@techmarketview.com for further details.

Posted by: Simon Baxter at 14:48

Tags: cybersecurity  

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Thursday 11 August 2022

Babylon terminates two NHS contracts as Q2 earnings disappoint

Babylon logoShares in Bablyon Holdings hit a new 52-week low on Wednesday, trading down over 90% on the year at 84 cents, as Q2 earnings for the London-headquartered, NYSE-listed health business missed forecasts.

Although Babylon’s Q2 revenue was 4.6 times higher than the year-ago quarter at $265m, it was down slightly on Q1 (£266m) and losses deepened. The IFRS loss for Q2 stood at $157m, a margin of -59%, compared to a loss of $91m in the prior quarter and a $65m loss in Q2 ‘21.

The results come shortly after it was revealed that at least two NHS contracts with Babylon are to end early ‘by mutual agreement’. Both University Hospitals Birmingham and Royal Wolverhampton NHS Trusts have confirmed their contracts with the controversial supplier are due to end this year, the latter just two years into a ten-year partnership.

The contracts are ‘small’ - not the significant primary care contracts - and were not making a significant contribution to margins or revenue, according to Babylon’s CEO, Dr Ali Parsa. Speaking on the analyst call, he said “Therefore we saw them as a distraction and terminated those contracts.” 

We understand that both Trusts were using Babylon’s Symptom Checker app under the contracts, which Babylon has now said is being decommissioned this year in light of the NHS’ long-term commitment to embed NHS 111 as the first point of call for all patients with urgent and emergency care needs.

Babylon, which listed in the US via a SPAC last year, has been hit hard by the rising cost of capital and its falling share price. As a result, it has belatedly decided to focus on profitability, announcing a $100m cost-cutting exercise with a view to achieving adjusted EBITDA and cash flow breakeven no later than 2025. 

The strategic emphasis now seems firmly on growing in the US market. We wouldn’t be surprised to see other NHS contracts curtailed in the quest for profitability and expect the supplier to be much more cautious about future primary care deals too. As Parsa made clear on the earnings call: “Going forward, what you will see is our focus on contracts that are more in line with our goal of accelerating our profitability. And we will try to avoid contracts that do not get us [there] at the speed that we require them to.”

Posted by: Tola Sargeant at 10:29

Tags: results   nhs   contract   digitalhealth  

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Thursday 11 August 2022

University of Lincoln upgrades with TechnologyOne

TechnologyOneThe University of Lincoln has announced plans to upgrade its student experience with enterprise software provider TechnologyOne’s Student Management System. 

Upgrading its student management system is part of a strategic plan by the education provider to transform its wider student experience as it looks to grow its offer both within the UK and internationally. The University of Lincoln has been working with TechnologyOne for some time having used its Finance system for over five years and its Student Admissions system since 2019.

TechnologyOne has a large footprint in higher education institutions across Australia and New Zealand having worked on enhancing operations and student experience for over 30 years in those markets. The University of Lincoln is the first UK institution to use its Student Management System as the ASX-listed software provider continues to land and expand in the UK.

My colleague Dale Peters caught up recently with Leo Hanna, Executive Vice President at TechnologyOne and head of the firms UK operations. Subscribers can read more about the firm’s progress and plans for the UK market here - TechnologyOne committed to the UK.

Posted by: Marc Hardwick at 09:00

Tags: contract   higher+education  

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Thursday 11 August 2022

CyberArk growth continues to accelerate

CyberArkPrivileged access management (PAM) security provider CyberArk reported strong revenue growth for Q2 driven by continued robust demand for their SaaS Identity security solutions and industry tailwinds.

Total revenue was USD $142m in Q2 2022, up 21% from $117m in Q2 2021. This followed strong yoy growth of 13% in Q1 2022. Subscription revenue was $66m, a yoy increase of 144%. Annual Recurring Revenue (ARR) was $465m growing 48% yoy, with 133% yoy growth in Subscription ARR. Maintenance and professional services revenue was $65m in Q2 compared to $63m in Q2 2021. CyberArk posted an operating loss of $(42m) and net loss of $(37.6m). During the first six months of 2022, the Company generated $10.7m in net cash.

Geographically, EMEA (which includes the UK) accounted for 31% of revenue in Q2 2022, with Banking and Financial their largest vertical segment with 20% of bookings in Q2. CyberArk added a strong number of new logos, signing nearly 250 customers during Q2 as well as increased velocity in add on’s and cross sell activity. They now have over 1000 customers with >$100k ARR.

For Q3 Total revenue is expected to be in the range of $147m to $153m with FY22 revenue of between $589m to $601m. ARR as of December 31, 2022 is expected to be in the range of $543m to $549m, representing growth of 38-40% yoy.

Identity security providers continue to see strong growth powered by the expansion of remote working, cloud-based applications and more sophisticated cyber threats. Zero trust principles and privileged access management are becoming ever more important to secure systems and data, and ensure that employees, partners and suppliers only have access to the data and applications they need and nothing more, preventing cyber threat actors from easily moving laterally across networks and accessing sensitive information.

Posted by: Simon Baxter at 08:57

Tags: cybersecurity  

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Thursday 11 August 2022

Patchwork Health raises £20m 'to tackle NHS staffing crisis'

Patchwork logoScaleup Patchwork Health, a healthcare workforce platform provider founder by two NHS medics in 2016, has raised £20m in Series B funding. The funding will help Patchwork scale and reach more customers with its software, which helps to tackle the healthcare staffing crisis. The round was led by Perwyn and also backed by Praetura VenturesKHP Ventures and angel investors, including Monzo founder Tom Blomfield and Social Chain co-founder Dominic McGregor.

Patchwork’s mission is to give doctors and nurses access to flexible work and more sustainable careers, whilst helping drive up retention and saving hospitals money on emergency staffing. Its platform allows NHS teams to manage their permanent and temporary workforce more effectively, including teaming up with others in their region to create ‘collaborative staff banks’ and enabling the personal preferences of permanent healthcare staff to be factored into their rostering. 

Patchwork’s offering isn’t unique – longstanding NHS supplier Allocate Software, which was acquired by RLDatix in June last year, does much the same – but there is room in the market for more than one supplier and 'e-rostering' remains a priority in the NHS as it strives to improve workforce resilience. Patchwork already claims to be partnering with 'over 100 NHS sites' in the UK and we can expect to see more of the SME as it scales. Patchwork, which now has a team of more than a 100, has said it will use the investment to strengthen its customer-facing teams, develop new products and features, and expand its customer base both in the UK and internationally.

Posted by: Tola Sargeant at 08:36

Tags: funding   software   healthcare   hcm  

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Thursday 11 August 2022

BT takes the nuclear option

BTBT Group has won a 5-year contract with Sellafield Ltd worth £32m. The network services deal will see the telecoms giant take over responsibility for the nuclear decommissioning company’s network across all its UK sites

Network provision will incorporate Wi-Fi, a unified communications programme to consolidate collaboration tools such as MS Teams and Skype, and in-built security to enable the handling and processing of sensitive data. BT will also be responsible for updates and upgrades to current equipment.

As part of the deal, BT has agreed to invest £2m into the community of West Cumbria to help tackle deprivation and inequality in the local area. This funding will take the form of “social value” initiatives in support of Sellafield’s “social impact multiplied” strategy. Sellafield employs around 11k people at the nuclear site and its offices in the North West.

The deal is welcome news for BT’s Enterprise segment. The business unit, which contains the majority of BT’s UK corporate clients, suffered a 7% decline in Q1 with revenue down £87m to £1.2bn.  Meanwhile around 40k BT staff recently walked out in pursuit of a 10% pay rise with the strike marking the first major industrial action at the company in more than 30 years (see: BT staff grow restless).

Posted by: Jon C Davies at 08:01

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Thursday 11 August 2022

*NEW RESEARCH* UK Application Operations Supplier Rankings 2022

Our UK Application Operations Supplier Ranking report for 2022 is now available by clicking here. It features the UK Top 20 UK Application Operations suppliers ranking, by revenue.

The Application Operations (AO) market recovered quickly from the decline in 2020 to post 5.9% yoy growth and liftCover UK sales above £6.5bn last year. The rotation to the New remained the primary growth engine in the AO segment in 2021 with digital centric services revenues surging by over 20% yoy to account for nearly two fifths of total demand. This was driven largely by a marked increase in expenditure on both applications modernisation and migration services, coupled with the more widespread deployment of digital applications,

The Top 20 UK AO suppliers as a group significantly outperformed their smaller rivals in 2021 with the combined revenues of this Tier 1 cohort rising more than 50% faster than the sales in the market segment as a whole. The fortunes of the major players, however, varied significantly and there were both big winners and material losers in the battle for market share in this arena last year. The report both details the variations in performance across the Top 20 AO suppliers and highlights the factors impacting the market during 2022 and beyond.

Subscribers to TechMarketView's TechSectorViews research stream can download the UK Application Operations Supplier Ranking research now. If you are not yet a subscriber and would like to find out how to gain access to this research and much more besides, please contact Deb Seth.

Posted by: Duncan Aitchison at 07:08

Tags: rankings   applications   suppliers   newresearch   operations  

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Thursday 11 August 2022

Run your own article right here.

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Posted by: HotViews Editor at 00:00

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