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GlobalLogic acquires Romanian software engineering company Fortech

antoniyak — Tue, 22 Nov 2022 13:06:51 +0000

Hitachi Group company GlobalLogic has announced that it has signed a definitive agreement to acquire Fortech, a leading software engineering services company based in Romania.
Headquartered in Cluj-Napoca, Fortech has applied its in-depth technical capabilities to hundreds of clients and more than 1,000 digital projects over nearly two decades of operation – experience that ultimately positions the company as one of the largest leading independent digital engineering firms in Romania.

“Fortech is a leading firm with a proven track record and specialization in the technologies needed for digital evolution. This acquisition will further strengthen GlobalLogic’s presence in Europe and accelerate our access to the rich technical talent in Romania; it will arm Fortech with the resources and strong support of GlobalLogic and Hitachi. We are excited to welcome Fortech and their talented people to the GlobalLogic family.”

, said Nitesh Banga, President and CEO of GlobalLogic.

GlobalLogic’s investment in Fortech is part of a multi-year strategy aimed at establishing a broader European market while enabling it to better serve its customers around the world from a delivery perspective. This acquisition will further enable GlobalLogic to leverage Hitachi’s strengths in information technology (IT), operational technology (OT) and products, and accelerate its growth by supporting the expansion of the Lumada business.

Terms of the deal were not disclosed. Under the agreement, Fortech will continue to operate with its existing management and staff as a wholly owned subsidiary of GlobalLogic. The transaction is subject to customary regulatory approvals and is expected to close by the end of the calendar fourth quarter of 2022.

Controllers (PLC) market size to grow by 2.70 billion

antoniyak — Tue, 22 Nov 2022 12:39:44 +0000

Programmable Logic Controllers (PLC) Market size is expected to grow at a CAGR of USD 2.70 billion, accelerating at a CAGR of 3.51% between 2021 and 2026. The report provides detailed analysis of the market size, year-on-year growth rates, factors influencing the market size, vendor landscape, product launches, and key revenue generating segments and regions in the market.

Key growth driver
The market is driven by the increasing demand for compact automation solutions. Most large industrial manufacturing companies that have access to huge capital have fully automated their production processes. However, switching to automated processes is a challenge for small and medium enterprises (SMEs) due to budget constraints. Consequently, most SMEs are looking for small form factors that can provide the same functionality and features of large devices while consuming less power. The availability of PLCs enables SMEs to use control-level automation at a low cost without compromising on performance.

Supplier Landscape
The global PLC market is dominated by established international suppliers such as Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric and Siemens. These players have a dominant share despite the numerous competitors present in the PLC market. Rockwell Automation specializes in the discrete industry while Emerson Electric specializes in the process industry. Vendors are focusing on new product development and customization of PLCs to meet end-user requirements. Some suppliers are also looking for new growth opportunities by offering PLCs for new applications. For example, ABB offers the AC500 PLC for high-precision control of photovoltaic (PV), concentrated photovoltaic (CPV) and concentrated solar power (CSP) plants. With the changing demands of end users, suppliers are also addressing cybersecurity issues by offering cybersecurity solutions. Technavio identifies the following key vendors in the market.

Opera becomes the first browser with built-in TikTok

antoniyak — Thu, 17 Nov 2022 13:13:56 +0000

The internet browser Opera develops a feature that makes the TikTok feed equivalent to the mobile app. The new function was announced two days ago and it’s ready to be used. The newest adaptation will help all the user to stop the boring scrolling through the app

People love TikTok for so many reasons. From an entertainment standpoint it’s hard to match – so much content all the time! But we know you also enjoy TikTok for other reasons as well, like following the news, catching emerging trends, and watching tutorials or lectures.

With a mobile-only configuration of TikTok, that situation has “dropped phone” written all over it. Perhaps you’re watching a correspondent deliver his update on the latest news – something you’d prefer to view on a bigger screen as you multitask at your desk? Or maybe you’re just in bed watching funny videos, but for the life of you, you just don’t want to hold onto that phone any longer. Well, today’s release makes Opera the only browser to offer a way to enjoy TikTok without opening a separate app or having to search through tabs.

Enabling the TikTok feature in Opera Browser

If you already use Opera Browser, you can enable TikTok by clicking the three dots at the bottom of the Opera sidebar and enabling it in the Messengers section of the sidebar. If you’re not an Opera user – we hope we’ve convinced you by now to become one. Go download Opera Browser! Once you’ve completed that simple step, it’s all done: you can start enjoying your favorite TikTok content from right there within Opera.