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Nuvini Appoints AI Industry Leader Phoebe Wang to Board of Directors
Globenewswire· 2025-11-17 13:00
Core Insights - Nuvini Group Limited has appointed Phoebe Wang to its Board of Directors, effective November 14, 2025, to enhance its AI-driven growth and cloud innovation strategy in emerging markets [1][4] - Wang's extensive experience in AI, venture partnerships, and enterprise technology positions her as a valuable asset for Nuvini as it seeks to deepen its collaboration with Oracle and expand its AI capabilities [2][3][4] Company Strategy - Nuvini aims to integrate advanced AI and cloud capabilities across its portfolio, reinforcing its commitment to leveraging technology for operational efficiency and customer retention [3][4] - The company focuses on acquiring profitable B2B SaaS businesses in Latin America, emphasizing strong recurring revenue and cash flow generation [5] Leadership Perspective - CEO Pierre Schurmann highlighted Wang's connections and experience in AI and enterprise technology as crucial for Nuvini's growth strategy [4] - COO Gustavo Usero stated that the goal is to scale profitability while deploying AI to enhance operational synergies across the portfolio [4] Vision and Goals - Phoebe Wang expressed enthusiasm for Nuvini's vision to build a leading SaaS platform in emerging markets through AI and cloud enablement, indicating a strong alignment with the company's strategic objectives [4]
TCS buys ListEngage to expand Salesforce and agentic AI portfolio
Yahoo Finance· 2025-10-10 08:49
Acquisition Overview - Tata Consultancy Services (TCS) has acquired ListEngage, a US-based Salesforce Summit partner, for up to $72.8 million, excluding management incentives and costs [1] - The acquisition aims to enhance TCS's technical capabilities in Salesforce and agentic AI for enterprise customers [1] Integration and Expertise - TCS will integrate over 100 ListEngage professionals, who hold more than 400 Salesforce certifications, into its enterprise solutions division in the US [2] - ListEngage CEO Altaf Shaikh emphasized that the acquisition is a growth platform, combining ListEngage's Salesforce expertise with TCS's scale and global reach [2][3] Strategic Alignment - The transaction aligns with TCS's strategy to pursue growth through acquisitions, particularly in AI, cloud infrastructure, cybersecurity, digital engineering, and enterprise solutions [4] - TCS's enterprise solutions global head, Vikram Karakoti, noted that ListEngage complements TCS's existing capabilities in customer experience and digital transformation [4] Financial Performance - TCS reported consolidated revenue of $7.46 billion for the quarter ended September 30, 2025, reflecting a sequential increase of 0.8% in constant currency [5] - The company achieved an operating margin of 25.2%, a 70 basis point increase from the previous quarter, and net income of $1.46 billion, up 3% year-on-year [6] - TCS's total contract value for the reported second quarter was $10 billion [6] Innovation in Semiconductor Services - In September 2025, TCS introduced Chiplet-based System Engineering Services aimed at helping semiconductor companies design faster and more powerful chips [6][7] - The use of chiplets, which are small integrated circuits, is intended to enhance the development of efficient processors [7]