Foreign investment updates about the information technology industry
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Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, has unveiled its brand new office space in Bengaluru’s Embassy Manyata Business Park. Spanning a massive 250,000 square feet, this state-of-the-art facility signifies Kyndryl’s dedication to the Indian market and its vision for the future of
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WSO2, a global leader in open-source API management, integration, and identity and access management (IAM) solutions, has announced the expansion of its presence in India with the opening of a new office in Bengaluru. This strategic move strengthens WSO2's global network, complementing existing teams in Sri Lanka, Brazil,
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The Nemetschek Group, a leading software provider for architecture, engineering, construction, operation, and media (AEC/O) industries, has announced the opening of a new office in Mumbai, India. This marks their second location in the country, building upon their existing shared services, development, and research center in Hyderabad. For the
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Japanese internet and network solutions provider, IIJ Global Solutions, has expanded its presence in China with a new sales office in Wuxi, Jiangsu Province. Wuxi is a major industrial hub in China, particularly for electronics, technology, and semiconductors. The new office will allow IIJ to better serve existing customers in
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In Q1 2024, The US Tech giant IBM made significant investments and expanded its presence in Riyadh, Saudi Arabia. Based on publicly available news reports, here's a summary of the key developments. On 22 January 2024, IBM officially opened its regional headquarters in Riyadh. * IBM strengthens its presence
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Tech giant Microsoft recently acquired a substantial plot of land (over 1 million sq ft) in the Pulai area of Johor, Malaysia, from Crescendo Corporation Berhad (CCB), a local property development firm. While the official purpose hasn't been confirmed, the land restrictions suggest it's likely intended
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South Korea's cybersecurity company, AhnLab Inc., has joined forces with Saudi Arabia's information technology champion, SITE, to establish a joint venture (JV). This strategic partnership aims to significantly enhance cybersecurity solutions and services for businesses and public institutions across Saudi Arabia. The new JV, launching in
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The BMW Group and NTT DATA Romania have inked a deal to establish a Joint Venture (JV) in Romania, signaling BMW's commitment to enhancing its global IT network and tapping into local software talent. The agreement, subject to regulatory approval, leverages NTT DATA's expertise in agile
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Cybersecurity leader eSentire has expanded its global footprint with the launch of a new Technology Innovation Center in Bengaluru, India. This move strengthens eSentire's access to a talented pool of engineers specializing in cybersecurity, generative AI, and low-code automation. The center's primary focus is accelerating the
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According to a press release, the BMW Group and Tata Technologies, a global leader in product engineering and digital services, have inked a deal to establish a joint venture (JV) aimed at creating a software and IT development hub in Pune, Bangalore, and Chennai, India. While the primary development and
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According to Yondr Group's news release, the leading global developer of hyperscale data centers has successfully energized its first campus in Malaysia. This significant milestone marks a key step towards delivering critical IT capacity to the region. Located in Johor's Sedenak Tech Park, the campus boasts
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UiPath, a leading enterprise automation and AI software company, has announced significant investments in Saudi Arabia to support the Kingdom's digital transformation journey. This commitment includes opening a new office in Riyadh, launching the Saudi School of Automation, and showcasing its latest AI-powered automation solutions at LEAP 2024.