Category: Software

Software

Sonata Software plunges 15% on Q4 performance; profit declines 31% in FY24 | News on Markets

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2 min read Last Updated : May 08 2024 | 12:23 PM IST Shares of Sonata Software plunged as much as 15.5 per cent at Rs 538.90 per share on the BSE in Wednesday’s intraday deals. In comparison the S&P BSE Sensex was trading marginally lower at 73.474 levels This comes after the company delivered a sluggish performance in its January-March quarter earnings for fiscal year 2023-24 (Q4FY24). The IT firm, reported a 3 per cent year-on-year decline in net profit to Rs 110.36 crore for the fourth quarter ended March 2024, compared to Rs 113.77 crore in March 2023.…
Software

Palo Alto Networks will buy IBM QRadar cloud security software assets

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Palo Alto Networks is purchasing cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more consultants and a larger customer base. In a joint press release, the companies said Palo Alto is acquiring IBM’s QRadar cloud software for an undisclosed sum and migrating existing customers to its security platform, Cortex Xsiam. The move normally takes one to three months, Nikesh Arora, Palo Alto’s CEO, told CNBC. Also, IBM will train more than 1,000 of its consulting employees on Palo Alto’s products. Consolidation has been ramping up in the security…
Software

Another nasty Mac malware is spoofing legitimate software to target macOS users

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Cybersecurity researchers from Intego have discovered new variants of the dreaded Cuckoo malware that targets macOS users. For those unfamiliar with the name, Cuckoo is an infostealer targeting Mac devices running both on Intel and ARM silicon. Intego’s researchers now say they have found a new variant that was pretending to be Homebrew, a popular macOS software package manager. The attackers set up a fake landing page, seemingly identical to the authentic Homebrew page, which deployed the infostealer. Poisoning Google Ads In early May 2024, Mac security provider Kandji said the malware “queries for specific files associated with specific applications,…
Software

GrubMarket completes acquisition of US software platform Butter

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GrubMarket is the AI-powered technology enabler and digital transformer of the food supply chain industry. Credit: New Africa via Shutterstock.com. US-based online marketplace GrubMarket has completed the acquisition of Butter, a San Francisco-based software company specializing in food wholesale systems. The strategic move will help GrubMarket to bolster its AI-powered e-commerce and payment technologies, enhancing its suite of solutions for the food supply chain industry. The acquisition will also improve the functionality of GrubMarket’s existing software products, including GrubAssist AI and WholesaleWare, by integrating them with Butter’s AI-powered e-commerce and payment technologies. Butter, founded in 2020 by machine learning experts…
Software

NIA detains software techie from Rayadurg for Bengaluru blast

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ANANTAPUR: The National Investigation Agency (NIA) has detained a software engineer from Rayadurg in this district after conducting raids on his house in the early hours of Tuesday. This was in connection with an IED explosion at the Rameswaram café on ITPL Road, Brookefield in Bengaluru, Karnataka on March 1. The NIA team from Bengaluru raided the residence of retired teacher Abdul of Nagulabavi Veedi in Rayadurg town and detained his son Sohel, 33. He works as an engineer in a software company in Bengaluru. Sohel has been on ‘work from home’ for the past three months. The NIA team…
Software

A water crisis that software can’t solve

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THE water tankers seeking to fill their bellies bounced past the dry lakes of India’s booming technology capital. Their bleary-eyed drivers waited in line to suck what they could from wells dug deep into dusty lots between app offices and apartment towers named for bougainvillea – all built before sewage and water lines could reach them. At one well, where neighbors lamented the loss of a mango grove, a handwritten logbook listed the water runs of a crisis: 3.15 and 4.10 one morning; 12.58, 2.27 and 3.29 the next. “I get 50 calls a day,” said Prakash Chudegowda, a tanker…
Software

GitLab announces secure AI-driven capabilities to streamline software development

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COMPANY NEWS: All Remote – GitLab, the most comprehensive AI-powered DevSecOps platform, today announced new innovations across the platform to streamline how organizations build, test, secure, and deploy software. Introducing GitLab Duo EnterpriseGitLab Duo Enterprise, a new end-to-end AI add-on, combines the developer-focused AI capabilities of GitLab Duo Pro—organizational privacy controls, code suggestions, and chat—with enterprise-focused AI capabilities to help organizations proactively detect and fix security vulnerabilities, summarize issue discussions and merge requests, resolve CI/CD bottlenecks and failures, and enhance team collaboration. A new AI impact dashboard and value stream forecasting capability will give an organization insight into its usage…
Software

What Google Gemini AI updates mean for software developers

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Google Gemini AI foundational model updates and new AI Studio and Vertex features due next month aim to support advanced application workflows more efficiently than existing versions. The updated Google Gemini 1.5 Pro large language model (LLM), available in preview in 200 countries in various Google consumer and developer services, is expected to become generally available in June. It will support up to 1 million tokens in its context window, according to company officials during keynote presentations Tuesday. At its initial introduction in February, Gemini 1.5 Pro supported 128,000 tokens in practice, and 1 million tokens was an experimental feature.…