HFS Competitive Intelligence Report

In this month’s HFS Competitive Intelligence Report, we’ll cover:

Under the technology umbrella

• A merging, we will go! (Part 1: NTT Data swallows NTT Inc./NTT Ltd.)
• A merging, we will go! (Part 2: LTI and Mindtree form LTIMindtree)
• NTT Data, LTIMindtree and Snowflake, ServiceNow, and SAP!
• Salesforce and ServiceNow seem to be getting ready to lock horns as they chase the same $millions to make $billions
• 5G telcom capabilities are as hot as a West Texas summer
• Red Hat partners with General Motors to try and clean up the automaker’s coding mess
• For sale: Rackspace! Buy it all or part it out
• WorkFusion figures out how to position its value
• TechM reorganizes its blockchain team to add Web, Metaverse, and NFTs
• Pegasystems told to pay Appian more than $2 billion—this could drag on
• SS&C Blue Prism eyes IDP merger prize

On sustainability

• Here are a few initial thoughts from May’s ChangeNOW climate summit in Paris, as things resumed in person at Davos for the WEF’s annual get-together
• Accenture acquired akzente, a sustainability consultancy
• Accenture Interactive will now go to market as Accenture Song; this is, disappointingly, not a literal song
• More of this type of collaboration, please, from any and all consulting, tech, and services firms
• Cool stuff from Microsoft—hitting several good points around the announcement of its cloud-based sustainability suite

Financial services

• Amdocs targets the financial services market
• HCL Technologies to acquire digital banking and wealth management specialist Confinale
• Capgemini signs agreement to acquire Chappuis Halder & Cie to further expand its consulting expertise in financial services

Healthcare

• Highmark Health subsidiary launches new brand, appoints new executives
• CVS Health launches a new virtual primary care service
• Atrium and Advocate Aurora to merge

Other market news and announcements

• Thought Machine closes its Series D
• Google claims its text-to-image AI delivers “unprecedented photorealism”
• Walmart and Symbotic expand partnership to implement automation system
• Blockchain Foundry and The Palmer Group launch Metacademy, a Web3 educational platform covering blockchain, cryptocurrencies, NFTs, and more
• Climate First Bank unveils revolutionary digital solar lending platform
• Nortal, a global digital transformation leader, to acquire Skelia, an award-winning leader in building cross-border IT organizations