Latest news with #Fortune
Yahoo
3 hours ago
- Business
- Yahoo
Intuit CEO Sasan Goodarzi on ‘the most significant launch we've ever had in our history'
In today's CEO Daily: Diane Brady talks to Intuit CEO Sasan Goodarzi. The big story: U.S.-China trade deal. The markets: Will the S&P 500 set a new record today? Analyst notes from EY-Parthenon on 'tariff shock,' Oxford Economics on the revised Q1 GDP number, Macquarie on the 'shadow' Fed, and JPMorgan on retail stock traders. Plus: All the news and watercooler chat from Fortune. Good morning. Earlier this week, I had a chance to chat with Intuit CEO Sasan Goodarzi and play with the four AI-powered agents that are rolling out next week for Quickbooks Online. It's the first time I've seen agents deployed so effectively in handing off tasks to each other while helping humans be more productive. (I did enjoy seeing Cognizant's Babak Hodjat create multi-agent systems on the spot at the Fortune COO Summit earlier this month, but many of us will deploy agents, not create them.) Intuit has four themed agents—a customer one for spotting leads in emails, drafting emails, and tracking interactions to the point of sales; one for payments to streamline and speed up that process; another for finance, to analyze and help you boost the health of your business; and a fourth for accounting, to reconcile expenses and make your bookkeepers happy. If I'd had this a decade ago, I might have remained an entrepreneur. 'By far, this is the most significant launch we've ever had in our history because it's end-to-end,' Goodarzi told me. 'The fact that we have launched a virtual team that can do a lot of work, from managing your leads to making sure you get paid and your accounting is done, and it's a combination of AI and humans doing the work. It's been in the works for six years.' 'It's not about workflows,' he said. 'It's about a business feed that does everything for the customer while they're always in control. And it's not just about technology; it's also about human expertise because, in our world, even Millennials, they want the reassurance of a human.' When I asked Goodarzi to reflect on what this means for the identity of a company that most associate with taxes and accounting, he said: 'I want us to be known as the money company because of how we help businesses and consumers.'More news CEO Daily via Diane Brady at This story was originally featured on
Business Standard
6 hours ago
- Business
- Business Standard
Altimetrik and SLK Software join forces to create an AI-First Engineering Services Powerhouse
PRNewswire Bangalore (Karnataka) [India], June 28: Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2025. Financial details were not disclosed. Founded in 2000, SLK is recognized as a leader in the tech industry, and for its commitment to create innovative digital solutions. This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engineering model and SLK's full technology services stack that will further accelerate the journey towards modernizing enterprise platforms for its customers. Altimetrik is among the most evolved digital services providers with advanced data and digital engineering capabilities, a bite sized approach that creates high ROI client outcomes and exceptional track record of data and AI led deployments. Altimetrik will additionally leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customers. "In today's world, AI, and especially Generative AI and Machine Learning, is the engine that is driving true business value," said Raj Sundaresan, CEO of Altimetrik. "To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale. We are incredibly excited and look forward to welcoming SLK Software to the Altimetrik family." "This is not a traditional integration. It is a strategic acceleration," said Parth Amin, Founder & Chairman of SLK Software. "In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for." Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses that include Fortune 500 companies and some of the most innovative tech enterprises. It will also enable a partnership network that includes era-defining pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. Together, the business will employ over 10,000 professionals around the world to support customers who are in their digital transformation journey and are looking for innovative solutions to modernize legacy systems through leveraging data and AI, while ensuring world-class governance, compliance, and platform security. This includes organizations across diverse industries, from Financial Services & Payments to Pharma and Lifesciences, to Technology and Manufacturing. "Altimetrik and SLK coming together is a strategic leap for the industry," said Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik. "This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries. With TPG's track record and experience in supporting enterprise tech businesses, we are proud to be able to support this next phase of growth and value creation." "This acquisition underscores TPG's investment thesis in technology services, which is indexed on backing strategic technology providers that are leading the data and AI transformation journey for customers, with differentiated business, pricing and delivery models," said Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik. Highlighting the breadth and depth of the combined business, Raj Vattikuti, Board Member and Founder of Altimetrik said, "Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed. With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation." Ajay Kumar, CEO of SLK Software added, "SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients." Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG. About Altimetrik Altimetrik is a pure-play AI, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at About SLK Software SLK Software is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions for our customers through a culture of partnership with them, led by an evolutionary mindset. For 25 years, we have helped organizations across diverse industries -- insurance providers, financial service organizations, investment management companies, and manufacturers -- reimagine their business and solve their present and future needs. Certified as a Great Place To Work®, we encourage an approach of constructively challenging the status quo in all that we do to enable peak business performance for our customers and for ourselves, through disruptive technologies, applied innovation, and purposeful automation. Find out how we help leading organizations reimagine their business at
Cision Canada
15 hours ago
- Business
- Cision Canada
Altimetrik and SLK Software join forces to create an AI-First Engineering Services Powerhouse
BANGALORE, India, June 28, 2025 /CNW/ -- Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2025. Financial details were not disclosed. Founded in 2000, SLK is recognized as a leader in the tech industry, and for its commitment to create innovative digital solutions. This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engineering model and SLK's full technology services stack that will further accelerate the journey towards modernizing enterprise platforms for its customers. Altimetrik is among the most evolved digital services providers with advanced data and digital engineering capabilities, a bite sized approach that creates high ROI client outcomes and exceptional track record of data and AI led deployments. Altimetrik will additionally leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customers. "In today's world, AI, and especially Generative AI and Machine Learning, is the engine that is driving true business value," said Raj Sundaresan, CEO of Altimetrik. "To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale. We are incredibly excited and look forward to welcoming SLK Software to the Altimetrik family." "This is not a traditional integration. It is a strategic acceleration," said Parth Amin, Founder & Chairman of SLK Software. "In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for." Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses that include Fortune 500 companies and some of the most innovative tech enterprises. It will also enable a partnership network that includes era-defining pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. Together, the business will employ over 10,000 professionals around the world to support customers who are in their digital transformation journey and are looking for innovative solutions to modernize legacy systems through leveraging data and AI, while ensuring world-class governance, compliance, and platform security. This includes organizations across diverse industries, from Financial Services & Payments to Pharma and Lifesciences, to Technology and Manufacturing. "Altimetrik and SLK coming together is a strategic leap for the industry," said Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik. "This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries. With TPG's track record and experience in supporting enterprise tech businesses, we are proud to be able to support this next phase of growth and value creation." "This acquisition underscores TPG's investment thesis in technology services, which is indexed on backing strategic technology providers that are leading the data and AI transformation journey for customers, with differentiated business, pricing and delivery models," said Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik. Highlighting the breadth and depth of the combined business, Raj Vattikuti, Board Member and Founder of Altimetrik said, "Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed. With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation." Ajay Kumar, CEO of SLK Software added, "SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients." Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG. About Altimetrik Altimetrik is a pure-play AI, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at About SLK Software SLK Software is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions for our customers through a culture of partnership with them, led by an evolutionary mindset. For 25 years, we have helped organizations across diverse industries — insurance providers, financial service organizations, investment management companies, and manufacturers — reimagine their business and solve their present and future needs. Certified as a Great Place To Work®, we encourage an approach of constructively challenging the status quo in all that we do to enable peak business performance for our customers and for ourselves, through disruptive technologies, applied innovation, and purposeful automation. Find out how we help leading organizations reimagine their business at
Yahoo
17 hours ago
- Business
- Yahoo
Can Falcon for IT Help CrowdStrike Expand Beyond Cybersecurity?
CrowdStrike Holdings, Inc. CRWD is already a leader in cybersecurity, but its latest push into IT operations through Falcon for IT could take the company further. Falcon for IT is a unified security and IT operations platform designed to streamline endpoint management, automate tasks, and enhance security module, which is within the broader CrowdStrike Falcon platform, leverages AI and real-time insights to help organizations achieve better visibility, control, and faster response times across their IT environments. With more than 20 pre-built response actions, Falcon for IT's use cases extend beyond security investigations to include endpoint reporting, incident response, baseline enforcement and automated platform is already showing early signs of growing adoption. In the first quarter of fiscal 2026, management noted that Falcon for IT replaced a legacy endpoint management tool as part of a nine-figure Falcon Flex expansion with a Fortune 100 technology firm. This deal also included Falcon Identity Protection and Next-Gen Security Information and Event Falcon platform currently has more than 30 modules, and the inclusion of Falcon for IT in a large Flex deal suggests that CrowdStrike's platform is extending its utility beyond core cybersecurity. By offering tools that handle security and IT operations on one platform, CrowdStrike simplifies the platform's usefulness, which helps it in grabbing new customers and retaining the existing ones. It also helps customers cut costs by reducing the number of separate tools they need to highlights how CrowdStrike continues to strengthen its platform and reflects the company's growing role in adjacent IT domains and not just cybersecurity. Falcon for IT may pave the way for CrowdStrike to expand into IT environments, which were traditionally outside the reach of pure-play cybersecurity vendors. Zscaler ZS and Palo Alto Networks PANW are also evolving their platforms to meet enterprise security continues to expand its Zero Trust Exchange platform. In the third quarter of fiscal 2025, Zscaler reported ARR of $2.9 billion, up 23% year over year. Zscaler's Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations are becoming its main growth engine. Together, these innovative categories are approaching $1 billion in ARR and are growing faster than Zscaler's total ARR Alto Networks is doubling down on its platformization strategy. In the third quarter of fiscal 2025, PANW closed more than 90 net new platform deals. Moreover, the number of customers platformized on Cortex was up nearly three times, reflecting strong momentum with Palo Alto Networks' Extended Security Intelligence and Automation Management or XSIAM security operation platform. Shares of CrowdStrike have gained 47.9% year to date compared with the Security industry's growth of 23.8%. Image Source: Zacks Investment Research From a valuation standpoint, CrowdStrike trades at a forward price-to-sales ratio of 23.73X, slightly higher than the industry's average of 14.91X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for CRWD's fiscal 2026 earnings implies a year-over-year decline of 10.94%, while for fiscal 2027 earnings implies year-over-year growth of 34.68%. The estimates for fiscal 2026 and 2027 have been revised upward in the past 30 days. Image Source: Zacks Investment Research CrowdStrike currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Zscaler, Inc. (ZS) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
20 hours ago
- Business
- Mint
'Classic vaporware': Trump Organization drops ‘made in US' claim for T1 phone as analysts point to China production
The Trump Organization announced its cellular brand called T1 earlier this month, heavily emphasising that the devices would be 'made in the USA", keeping in line with Trump administration policies. Now, just 10 days later, the company is silently erasing those claims. This shift comes following analysts' consensus that the phones are likely to be produced in China. The official website for the T1 phone has removed all languages which indicated the phone would be manufactured in the US. Now the website uses more ambiguous phrasing, stating the phone was "designed with American values in mind' and 'brought to life right here in the USA,' Fortune reported. Beyond the manufacturing claims, The Verge reported that the T1 phone's specifications have also been scaled back since it was introduced. The screen is now smaller, having been reduced from 6.78 inches to 6.25 inches, and all information about RAM has also been removed. Furthermore, while the phones were initially promised to be released in September, the company has since adjusted that language to read 'later this year'. Despite these changes, the subscribers are still required to pay $100 up front for the device, the news agency said. Scepticism about Trump Mobile's claims emerged almost immediately upon its announcement. Todd Weaver, CEO of Purism, the only company currently producing a US-made smartphone, told Fortune, 'As someone who's spent over a decade building a secure, privacy-first smartphone, focusing on manufacturing in the US, and I can say this with confidence: Producing a fully US-made phone isn't something you spin up overnight.' 'If the Trump phone is promising a $499 price tag with domestic manufacturing, this announcement looks to be classic vaporware.' Purism's phone costs $650 to produce and retails for $2,000. US President Donald Trump has been an avid proponent of reshoring US manufacturing, using tariffs as leverage to convince companies to build plants in the US and attacking Apple for manufacturing its iPhones in Asia, the news agency reported.
