TechTaffy

tech:

taffy

Accenture to acquire OnProcess for enhanced supply chain management

By TechTaffy Desk

Accenture has announced plans to acquire Boston, MA-based OnProcess, a company specializing in supply chain managed services. The acquisition is subject to standard closing conditions, including necessary antitrust approvals. Financial terms of the transaction were not disclosed.

The integration of OnProcess will provide clients with comprehensive supply chain delivery and after-sales operations solutions, says Accenture. OnProcess specializes in reverse logistics, focusing on the after-sales process. The company utilizes automation, AI, and data-driven decision-making to offer visibility from planning to asset recovery.

OnProcess has a team of over 1,500 employees spread across the U.S., India, Costa Rica, and Bulgaria. The company serves customers in sectors like communications, media and technology, medical devices, logistics, and manufacturing. The Narotam Sekhsaria Family Office owns a majority stake in OnProcess.

[Image courtesy: OnProcess]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.