The AR/VR space is getting interesting.
Oracle.com
To turn virtual transactions into real revenue, Payscout uses APIs in Oracle Financials Cloud to connect to banks and credit card networks on all types of transaction platforms. And with Oracle ERP Cloud, Payscout is able to streamline transaction flows from purchase to payment receipt within minutes, without manual processing. Payscout’s innovative technology is helping the company differentiate its brand and leapfrog competitors, whose apps are still limited to web and mobile commerce platforms.
The company hopes the new app will increase its share of the international ecommerce market, which is expected to reach $1 trillion in sales by 2020, increasing from today’s $375 billion, according to a recent study from Accenture and AliResearch.
Showing posts with label Oracle. Show all posts
Showing posts with label Oracle. Show all posts
Friday, March 2, 2018
Sunday, February 12, 2017
Expect a round of Tech Acquisitions at premium prices
This may not relate directly to Microvision, but it will have a very significant effect on the landscape of smaller tech companies.
Things are about to get really interesting, and the things to watch more numerous.
Gulf Times
The initial investments will likely include $45bn from Saudi Arabia and $25bn from SoftBank, as well as $1bn each from Apple Inc, Qualcomm Inc and Oracle Corp, the people said, asking not to be identified because the matter is private. Abu Dhabi investor Mubadala Development Co may join the first round, though it could also wait until a later time, they said. The initial round is likely to exceed $80bn and the timing of the closing may still change, said one of the people. It’s not yet clear when the remainder of the planned financing would be raised.
Son announced plans for the Vision Fund in October, vowing to become the biggest investor in the technology industry over the next decade. He has already been among the most acquisitive, buying Sprint Corp for $22bn and ARM Holdings plc for $32bn along with stakes in hundreds of startups. The new fund will give him cash to cut even larger deals as he aims to capitalise on emerging trends like artificial intelligence and the so-called Internet of Things.
“When I first founded this company, all I could think about is how to stretch the finances until the end of the month,” Son said Wednesday after his company’s earnings announcement. “Recently, the span shifted to 10 and 30 years ahead. I’m now seriously thinking about how to make sure that SoftBank group can grow for the next 300 years.”
SoftBank may announce deals within days of the fund’s first closing, one of the people said. The company has had preliminary discussions to make an investment in WeWork Cos., a New York-based startup for sharing office space, said the people, cautioning a deal may not be finalised. WeWork, with more than 140 locations around the world, was most recently valued at $16bn.
SoftBank has also agreed to invest $1bn into OneWeb Ltd, a startup based in Exploration Park, Florida that aims to provide Internet connectivity from satellites. Son said Wednesday that the deal would go into the new fund.
Things are about to get really interesting, and the things to watch more numerous.
Gulf Times
The initial investments will likely include $45bn from Saudi Arabia and $25bn from SoftBank, as well as $1bn each from Apple Inc, Qualcomm Inc and Oracle Corp, the people said, asking not to be identified because the matter is private. Abu Dhabi investor Mubadala Development Co may join the first round, though it could also wait until a later time, they said. The initial round is likely to exceed $80bn and the timing of the closing may still change, said one of the people. It’s not yet clear when the remainder of the planned financing would be raised.
Son announced plans for the Vision Fund in October, vowing to become the biggest investor in the technology industry over the next decade. He has already been among the most acquisitive, buying Sprint Corp for $22bn and ARM Holdings plc for $32bn along with stakes in hundreds of startups. The new fund will give him cash to cut even larger deals as he aims to capitalise on emerging trends like artificial intelligence and the so-called Internet of Things.
“When I first founded this company, all I could think about is how to stretch the finances until the end of the month,” Son said Wednesday after his company’s earnings announcement. “Recently, the span shifted to 10 and 30 years ahead. I’m now seriously thinking about how to make sure that SoftBank group can grow for the next 300 years.”
***
SoftBank may announce deals within days of the fund’s first closing, one of the people said. The company has had preliminary discussions to make an investment in WeWork Cos., a New York-based startup for sharing office space, said the people, cautioning a deal may not be finalised. WeWork, with more than 140 locations around the world, was most recently valued at $16bn.
SoftBank has also agreed to invest $1bn into OneWeb Ltd, a startup based in Exploration Park, Florida that aims to provide Internet connectivity from satellites. Son said Wednesday that the deal would go into the new fund.
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