Latest news with #softwaredevelopment
Yahoo
a day ago
- Business
- Yahoo
Wix Acquires Base44 to Boost AI-Driven Intent-Based Software Development
Ltd. WIX recently acquired Base44, an innovative AI-powered platform that empowers users to build fully functional custom software solutions using natural language – no coding required. The buyout not only bolsters Wix's AI portfolio but also redefines the future of application technology landscape is undergoing a fundamental transformation. Traditional development models are shifting to intent-driven software creation, an approach where users simply express what they want, and intelligent systems handle execution. This initiative, referred to as 'vibe coding,' is gaining strong traction in the market. As the demand rises for tools that transform ideas into reality using natural conversation and intuition instead of coding, Wix aims to make the digital space more open, creative and user-friendly than ever. Base44's core innovation lies in its fully automated, chat-based development environment. The platform allows users to build scalable, production-ready applications just by conversing with it. Its B2B traction with clients like eToro and SimilarWeb strengthens the platform's viability and real-world applicability. The acquisition by Wix is likely to augment Base44's reach, user adoption and setting up databases and managing authentication to handling infrastructure and deployment, Base44 streamlines the process of software integration of Base44 into the Wix AI ecosystem significantly expands the company's portfolio of intelligent creation tools. Wix has been gradually embedding AI across its platform, from AI website generators to intelligent design and content creation tools. With Base44, Wix positions itself as not only a website builder but a comprehensive digital creation platform. Ltd. price-consensus-chart | Ltd. Quote Under the terms of the deal, Wix acquired Base44 for an initial consideration of roughly $80 million, with additional earn-out payments extending through 2029 based on performance milestones. Wix expects to incur around $25 million in retention bonus payments for Base44 employees in 2025, supporting talent retention and product company expects an inconsequential contribution to 2025 bookings and revenues, highlighting the deal's long-term implications. These expenses will be excluded from non-GAAP and free cash flow metrics, helping investors better understand the company's core operating will retain its identity and continue operating as a distinct product and business unit within Wix. This will allow the Base44 team to maintain product authenticity and innovation while tapping into Wix's robust resources. Wix is doubling down on strategic AI investments across its platform, focusing on WIX Studio, commerce tools and generative AI. WIX Studio now has more than 2 million accounts, with 75% from new Partners, making it a top choice for agencies and professionals. The company is embedding AI assistants to boost efficiency and conversion rates. In May 2025, it launched the Model Context Protocol Server, enabling developers to build solutions using tools like Claude and Cursor. Wix has launched Wixel, a next-gen visual design platform that combines top AI models, a simple UI and advanced features. It lets anyone create high-quality photo and video content in just a few clicks, no design experience needed. Wixel supports Wix's mission to empower creators by removing barriers. Similar to its impact on website building in 2006, Wix now aims to reshape digital design. The company has also partnered with Microsoft to integrate Wixel's design tools into Microsoft recently announced the acquisition of Hour One, a pioneer in generative AI media creation. This move strengthens Wix's position at the forefront of AI-driven digital experiences, enhancing its capabilities in advanced web and visual design. Bringing this technology in-house allows the company to maintain greater control over front-end innovations, reduce third-party dependencies and manage costs more the ongoing macroeconomic uncertainty, Wix has taken a cautious stance on its full-year outlook, especially for its Business Solutions unit. Commerce and GPV are more sensitive to consumer trends and economic shifts. While easing forex pressure offers some short-term relief, it doesn't offset larger risks. Though current fundamentals look stable, the environment remains fragile and could change quickly. WIX currently carries a Zacks Rank #3 (Hold). Shares of the company have declined 53.2% in the past year against the Computers - IT Services industry's growth of 53.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are Juniper Networks, Inc. JNPR, Arista Networks, Inc. ANET and Ubiquiti Inc. UI. JNPR presently sports a Zacks Rank #1 (Strong Buy), while ANET and UI carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. In the last reported quarter, it delivered an earnings surprise of 4.88%.Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than 1 million servers, cloud specialty providers, service providers, financial services and the rest of the enterprise. It supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains well-suited to adapt to the changing market dynamics to overcome challenges while maximizing growth. 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 Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Ltd. (WIX) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Associated Press
a day ago
- Business
- Associated Press
Expanding AI Use is Tech Leaders' Top Priority, But Data Privacy, Biases, and Ethics Are Among Their Biggest AI Risks, Reveal Survey Finds
Cranbury, NJ, June 19, 2025 (GLOBE NEWSWIRE) -- Expanding AI use has become the number one priority for technology leaders, with 73% identifying it as their primary focus in 2025, according to part two of the 2025 Reveal Software Development Challenges Survey of 250 technology leaders, released today by Infragistics. The data shows widespread momentum: 75% of organizations already leveraged AI for software creation in 2024, and of those who haven't, 50% plan to adopt it in 2025. The main driver of AI adoption is task automation to boost productivity, more than half the survey respondents (55%) said. Other notable ways companies are using AI in software creation include: AI Integration Safeguards The momentum behind AI integration shows no signs of slowing, the Reveal data shows. Yet, serious concerns continue to surface. More than a third (37%) of respondents flagged the risk of errors, bugs, and inefficiencies in AI-generated code—issues that could compromise reliability and performance. Equally troubling, another 37% highlighted the potential for security vulnerabilities, underscoring the urgent need for robust safeguards as AI becomes more deeply embedded in critical systems. 'AI is accelerating innovation across the software development lifecycle, streamlining tasks from code generation to testing and deployment,' explained Casey Ciniello, Reveal and Slingshot Senior Product Manager, Infragistics. 'However, integrating AI into development workflows introduces critical considerations—particularly around accuracy, data integrity, security vulnerabilities, and compliance. Organizations must implement governance frameworks and technical safeguards to ensure safe, strategic implementation.' The tech industry is acutely aware of the complex challenges posed by AI. According to the Reveal survey, data privacy emerges as the most pressing concern, with 78% of respondents citing it as their top issue. Transparency (57%) and data safety (55%) closely follow, reflecting widespread unease about how AI systems are developed and deployed. In response, companies are taking action: over 60% are implementing ethical AI guidelines, 59% are implementing formal privacy policies to protect against misuse, and 54% are introducing protections for sensitive information. Ethical Considerations: Navigating AI Bias, Privacy Violations, and Untested Tech As AI becomes more deeply embedded in software development, the ethical stakes continue to rise. The survey reveals that privacy violations (38%), bias in AI models (37%), and the deployment of AI applications that have not been securely tested (36%) are among the most pressing concerns for organizations in 2025. These risks not only threaten user trust but also expose companies to legal and reputational fallout. As AI and software development continue to converge, organizations must take a proactive approach to governance and risk mitigation. According to a 2025 article in the Vatican News, 'AI 'could introduce important innovations but it also risks aggravating situations of discrimination, poverty, 'digital divide,' and social inequalities.' The message is clear: AI innovation must be guided by strong ethical principles, rigorous testing, and comprehensive governance frameworks. Without them, the promise of AI could become a liability. AI Fuels Job Creation—Not Cuts Contrary to fears that AI would result in mass layoffs, the data tells a different story. Among companies that have adopted AI, 55% reported new job creation, with 63% of those adding up to 25 new positions. AI isn't replacing talent—it's reshaping roles and creating new opportunities in a rapidly evolving tech environment. This shift underscores a growing consensus: successful AI integration is about empowering teams, not replacing talent. 'Businesses increasingly understand that ignoring AI is no longer an option,' said Ciniello. 'The conversation has shifted—from whether to adopt AI to how to implement it responsibly and strategically. The real challenge now lies in ensuring AI enhances value without compromising safety and trust..' Read the 2025 Reveal survey report here. Survey Methodology A total of 250 technology leaders participated in Reveal's sixth annual survey from December 2024 to January 2025. Infragistics research has been providing a comprehensive analysis of current trends and challenges in software development, business intelligence, and AI adoption, while identifying opportunities for businesses to optimize operations, address emerging risks, and navigate the evolving technological landscape since 2019. About Reveal Reveal is an award-winning developer-first embedded BI platform built by Infragistics for ISVs and software teams needing scalable analytics with no user or data limits. With native SDKs for web and desktop, it seamlessly integrates into any app with instant white-label deployment. Its AI-powered conversational analytics make data more accessible, while its user-friendly UI/UX ensures an intuitive experience. Reveal makes it easy for technical and non-technical users to interpret, visualize, and share relevant insights from an application's data. Launched in 2019, Reveal has become the go-to choice for growing companies by offering fixed pricing forever—helping ISVs scale worry-free and go live in weeks, not months. About Infragistics Infragistics provides the world's largest enterprises with tools and solutions to accelerate application design and development and foster team collaboration. Over two million developers worldwide use Infragistics' enterprise-ready UX and UI toolkits to rapidly prototype and build high-performing applications for the cloud, web, mobile and desktop. Reveal is an award-winning developer-first embedded BI platform for ISVs and software teams needing scalable analytics with no user or data limits. App Builder ™ is a low code platform that accelerates app development by streamlining the design to code process, delivering production-ready, enterprise-grade code for Angular, Blazor, Web Components and React frameworks. Slingshot is an AI-powered work management platform that simplifies business analytics to enable companies to make more informed decisions, faster. Infragistics clients represent 100% of the S&P 500, including global software providers who rely on Infragistics when reliability and performance are non-negotiable. Attachments Beth Brody Infragistics 908-295-0600 [email protected]
Associated Press
a day ago
- Business
- Associated Press
Codefacture Expands Operations to Enhance Service Capabilities and Reach New Markets
Turkey, June 19, 2025 -- Codefacture is a software development company that is accelerating its growth to meet increasing global demand for custom-built CRM, ERP, custom software, and enterprise automation solutions. In response to surging demand for intelligent, adaptable enterprise software, Codefacture, a fast-growing innovator in CRM, ERP, and custom software development, has announced a major operational expansion. This strategic initiative is designed to support larger-scale development, broaden client services, and extend the company's reach across Europe and North America. Founded in 2024, Codefacture is a software development company that has quickly established itself as a trusted partner for businesses seeking flexible, scalable, and fully customized digital solutions. From manufacturers needing smarter resource planning to service providers optimizing their customer engagement workflows, Codefacture's platforms are designed to fit the specific way each business operates - not the other way around. With this expansion, the company is positioning itself to serve an even broader array of industries and geographies while maintaining the high level of customization and personal attention it's known for. A Custom-First Approach to Business Software Unlike many enterprise software providers who offer rigid, off-the-shelf systems, Codefacture's approach is grounded in adaptability. Every platform it delivers is built around the unique processes, data structures, and operational goals of the client. This has made the company particularly valuable to mid-size and enterprise businesses that are outgrowing legacy tools or facing challenges adapting generic platforms to complex, industry-specific needs. All of Codefacture's platforms and custom software solutions are built using a modern, scalable technology stack designed for performance, flexibility, and rapid development. The team leverages powerful frameworks and libraries such as Laravel, React, and Tailwind CSS to deliver intuitive and responsive user experiences. On the backend, Codefacture works with a range of SQL databases as well as NoSQL solutions, ensuring data structures are optimized for each client's specific needs. The use of TypeScript and Python further enhances code quality, scalability, and integration capabilities across complex systems. CRM and ERP Solutions Built for Real-World Complexity Modern businesses demand more than just functionality - they need systems that map perfectly to their workflows. Codefacture designs and delivers custom-built CRM and ERP solutions that go beyond conventional software limitations. From streamlining sales pipelines to automating inventory and financial processes, each platform is configured to match the exact operational structure of the client. Whether replacing outdated legacy tools or introducing ERP to a fast-growing enterprise for the first time, Codefacture's systems are engineered for performance, transparency, and adaptability. Custom Software Development for Specialized Business Needs Codefacture delivers fully custom software solutions designed to meet the unique operational challenges of each business. From internal tools to external platforms, every product is built from the ground up to reflect the client's exact workflows, goals, and data environment. By avoiding one-size-fits-all templates, Codefacture ensures that each solution is intuitive, scalable, and aligned with long-term strategy. This approach enables organizations to streamline operations, improve performance, and respond faster to change through software that's specifically designed - not adapted. Strategic Growth for Sustainable Impact The newly announced expansion involves key investments in three core areas: Expanding Into New Markets As Codefacture expands, it is actively seeking opportunities in new markets. With strong demand from Europe and North America, the company is exploring partnerships with resellers, consultants, and implementation partners to bring its platforms to a wider range of organizations. Early interest has been particularly strong from sectors such as: Codefacture's expansion strategy includes not only growth in client acquisition but also knowledge-sharing: the company plans to launch webinars, industry whitepapers, and case studies over the next year to help businesses better understand how tailored software can reshape their operations. A Vision-Driven Company in a Fast-Changing World Digital transformation is no longer optional - it's an operational necessity. Yet for many businesses, transformation is delayed by the complexity of their processes and the lack of software flexible enough to fit them. Codefacture exists to solve this exact problem. Driving Digital Transformation with Adaptability at the Core The global business landscape is evolving faster than ever. Off-the-shelf tools often create more friction than they solve. Codefacture exists to eliminate that gap - by delivering tailored platforms that enable companies to streamline operations, improve visibility, and scale without compromise. About Codefacture Codefacture was founded in 2024 with a mission to revolutionize how businesses adopt and scale enterprise software. By focusing on deeply customized CRM, ERP, business automation platforms and custom software, the company empowers its clients to unlock greater efficiency, transparency, and scalability. Whether automating inventory control, managing large sales teams, or coordinating procurement, Codefacture's tools are designed to adapt, evolve, and grow with every business they touch. Contact Info: Name: Ege Havuroglu Email: Send Email Organization: Codefacture Phone: +90 850 308 5436 Website: Release ID: 89162301 If there are any problems, discrepancies, or queries related to the content presented in this press release, we kindly ask that you notify us immediately at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or support you with press release takedowns. Ensuring accurate and trustworthy information is our unwavering commitment.
Globe and Mail
2 days ago
- Business
- Globe and Mail
NTG Clarity Announces Work Valued at $11.2 Million
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - NTG Clarity Networks Inc. (TSXV: NCI) (OTC Pink: NYWKF) NTG Clarity ("NTG") is pleased to announce it has received new purchase orders ("POs") and contract renewals totaling approximately $11.2M CAD from existing and new customers. $1.3M in new purchase orders for offshore software development services. These POs represent a new project under the previously announced $22M three-year contract announced in December 2024. $282K in purchase orders from a new telecom client in Oman for licensing, customization, and ongoing support of our NTGapps platform. $9.6M in contract renewals, expansions, and related purchase orders including: $8.2M in renewed contracts for both offshore and onsite software development services. Several of these renewals include an increase in the number of contracted resources. $1.4M in new purchase orders for offshore and onsite software development services. These POs represent billings under previously announced agreements, including the $53M three-year contract announced in August 2024, as work continues to ramp up. $62K in purchase orders for NTGapps with an existing Telecom client. Included in these POs is $1.3M attributed to the $22M three-year contract announced in December 2024 for a new project not captured in the original contract. This brings expected first-year billing to approximately $12.4M -- 69% higher than originally planned -- highlighting both accelerated ramp-up and expanded client scope. The increase reflects the client's growing reliance on NTG's offshore development capabilities and underscores our ability to scale efficiently within large enterprises. The $282K in new POs from Oman also marks further expansion into the market and aligns with the country's national digitization initiatives -- similar to Saudi Arabia's Vision 2030. The new customer will deploy NTGapps as a network inventory solution to modernize its asset tracking and management systems. "We're seeing momentum on all fronts-accelerated billings on key contracts, strong renewals with increased service commitments, and new customer wins in target markets," said Adam Zaghloul, Vice President of Strategy & Planning at NTG Clarity. "The uplift in year-one revenue on our $22M contract reflects both the client's confidence and the expanding scale of our work. At the same time, our growth in Oman furthers NTG's position as a trusted partner in a region rapidly advancing its digital infrastructure." About NTG Clarity Networks Inc. NTG Clarity Networks' vision is to be a global leader in digital transformation solutions. As a Canadian company established in 1992, NTG Clarity has delivered software, networking, and IT solutions to large enterprises including financial institutions and network service providers. More than 1,200 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading enterprises. Forward Looking Information Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.
Yahoo
2 days ago
- Automotive
- Yahoo
Applied Intuition raises $600m at $15bn valuation
Autonomous vehicle software startup Applied Intuition has raised $600m in a Series F funding round that values the company at $15bn. Founded in 2017, the company develops AI-powered software that automakers and other companies use to develop autonomous vehicle solutions. The round was co-led by BlackRock and Kleiner Perkins, with participation from new investors such as Franklin Templeton and Qatar Investment Authority, alongside existing investors including Fidelity and General Catalyst. The company intends to use the funds to support its next phase of vehicle intelligence development, product expansion, and global team growth. Qasar Younis, co-founder and CEO of Applied Intuition, said: 'Applied Intuition is entering its next era. We're scaling up our investments in bringing intelligence into every moving machine. 'Everything from cars and trucks to drones and factories will be powered by AI, and our mission is to connect AI with the physical world it will transform." This latest funding comes just over a year after the company's $250m Series E round in March 2024. Since then, Applied Intuition has achieved significant milestones, including strategic partnerships with OpenAI, TRATON, Isuzu, Porsche, and Audi. The company also launched its off-road autonomy stack, acquired defence technology firm EpiSci, and introduced new defence products, Axion and Acuity. Additionally, Applied Intuition expanded its global presence with a new office in the UK. BlackRock managing director Samir Menon said: 'Our platform has been actively investing in the autonomous driving sector for years, and Applied Intuition has emerged as a key innovation leader. We are proud to back Applied Intuition as they continue their mission to make all vehicles intelligent.' Applied Intuition co-founder and CTO Peter Ludwig said: 'The focus of this next phase is to accelerate the rollout of intelligent, software-defined systems across all domains — defence, automotive, trucking, construction, mining, and agriculture. With the continued backing of our investors, we're just getting started.' "Applied Intuition raises $600m at $15bn valuation" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
