Coffee Monday

5 Channel Partner Updates: Monday 15 April 2019

Welcome to page two  of two. As promise, here’s the exciting conclusion to this blog.

10. IT Services Contract – Federal Government: ​​Unisys has been selected to participate in a $70 million IT services contract with the U.S. Mint.

9. Partnership – Vertical Market MSP: CareWorx, a Top 100 Vertical Market MSP, will support CarePredict in the senior care sector. CarePredict offers sensors and smart wearables to continuously monitoring daily activity and behavior patterns, thereby predicting potential health conditions in senior citizens.

8. Funding – Chatbots: Rasa, which has built an open-source platform for third parties to design and manage their own conversational (text or voice) AI chatbots, has raised $13 million in a Series A round of funding led by Accel, TechCrunch reports.

7. Funding – Broadband Networks: Intelligent Fiber Network, an Indiana-based commercial fiber broadband provider, has raised nearly $13 million in funding.

6. IPO – Government IT Services: Parsons Corp., a government IT services provider, is preparing for a $100 million IPO, Washington Technology reports.

5. M&A – Vertical Market IT Solutions: i3 Verticals has acquired Northeast Texas Data and Graves Humphries Stahl for a combined $24 million. Net Data provides software and services for municipalities and local governments, primarily within Texas.

4. M&A – TCS Seeks Acquisitions: India’s largest IT services firm Tata Consultancy Services is “hungry” for acquisitions and is scouting for assets that can bring in intellectual property and widen market reach to further accelerate growth, Economic Times reports.

3. Employee Stock Ownership Plans (ESOPs): The ESOP Association applauds Representatives Ron Kind (D-WI-3) and Jason Smith (R-MO-8), who last week introduced pro-Employee Stock Ownership Plan (ESOP) bill H.R. 2258. The measure, which seeks to encourage the formation of ESOPs, is the House companion to S. 177, which was introduced in the Senate earlier this year by Sen. Pat Roberts (R-KS), the association notes.

2. Lending Concerns: U.S. online lenders such as LendingClub Corp, Kabbage and Avant are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn, Reuters reports.

1. Top 100 Vertical Market MSPs 2019: We’ll unveil the complete list — yes, all honorees — and associated research during our April webcast. Register now to join us.

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