TechTaffy

tech:

taffy

Los Angeles County selects CGI for $68.7 million IT systems modernization project

By TechTaffy Desk

The Los Angeles County Office of Education (LACOE) has selected CGI for the modernization of financial and human resources IT systems. Under a US$68.7 million, 5-year contract, CGI will deploy its CGI Advantage ERP solution, an enterprise resource planning (ERP) solution designed for government and educational entities.

LACOE is the nation’s largest regional education agency and provides programs and support for more than 135 educational agencies and 1.5 million K-12 students in the Los Angeles County area. LACOE operates the payroll for approximately 150,000 employees with more than 300,000 job assignments and supports over 80,000 monthly payments for approximately 1.1 million active vendors.

[Image courtesy: LACOE]

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.