Companies
Multiverse Acquires Talent Intelligence Platform Searchlight to Enhance AI-driven Skills Development
Multiverse, a tech-focused institution specializing in combining work and learning to provide equitable economic opportunities, has acquired Searchlight, a talent intelligence platform, in a move aimed at bolstering its AI capabilities for skills development. Founded in 2018 by Anna and Kerry Wang, Searchlight utilizes ethical AI to identify top talent, assess candidates, and optimize the quality of hires, emphasizing the importance of aligning individuals with suitable roles to benefit both employers and employees...
Funds
Field Service Software Company Servicemax Merges With SPAC For Nasdaq Launch
ServiceMax, a California cloud software provider, has agreed to merge with a special purpose acquisition company (SPAC) in a deal to take the company public on the Nasdaq stock exchange, the company announced this month. The company, which provides field service management software and other solutions...
People
Workday Adopts Co-CEO Model for Smooth Leadership Transition
Workday, a prominent cloud software company, has adopted a co-CEO model as part of its leadership transition strategy. Carl Eschenbach, formerly a partner at Sequoia Capital, assumed the role of sole CEO in February 2024 after jointly serving with Workday founder Aneel Bhusri for over a year...
Features
Microsoft Decouples Teams from Office Worldwide
Microsoft on April 1, 2024, announced to sell its chat and video app Teams separately from its Office product globally, following a similar move made six months earlier in Europe. This decision comes after an investigation by the European Commission into Microsoft's bundling of Office and Teams, prompted by a complaint from competitor Slack in 2020...