TCS launches Jile 5.0, Hootsuite and Microsoft join forces, and more.

SaaS news this week (July 5 - July 11, 2021): Read about TCS's new launch- Jile 5.0, Hootsuite teams up with Microsoft and more.
TCS launches Jile 5.0, Hootsuite and Microsoft join forces, and more.

TCS introduces Jile 5.0, a SaaS-based tool

Tata Consulting Services officially launched Jile 5.0, a major release of its on-the-cloud enterprise agile and delivery tool. Jile is built to enable enterprise businesses to build and deliver reliable software at speed and scale. It will be made available to customers in two editions- Standard and Enterprise. Talking about Jile, Durga Maruwada, Business Head, Jile, TCS, says

 “With its intuitive user interface, Jile is easy to learn and enables our customers to embrace industry-proven Agile methods and frameworks across the enterprise and accelerate their growth and transformation journeys. The new release of Jile comes in two editions catering to the needs of organizations at different maturity levels, and helps customers manage their portfolios better to align execution with strategy.”

Indian SaaS industry is projected to reach $ 1 trillion by 2030

According to a recent research, India's SaaS industry may be worth $1 trillion by 2030 and generate almost half a million new employment as firms across the world speed digitization and automation. Also, the number of unicorns may grow tenfold by 2030, with a market value of $1 trillion.

Indian SaaS firms employ 40K people and have the potential to produce $ 70 billion in revenue by 2030, accounting for 6% of the worldwide market.

Hootsuite and Microsoft have teamed together 

Hootsuite, a social media management platform, joins forces with Microsoft  to offer social media curation to the Microsoft Teams platform. The new feature will allow users to seamlessly collaborate and share curated content directly across multiple platforms. Other use cases in the Teams application include campaign promotion through employee networks, keeping up with the newest news and stories, and staying connected to stories and news resonating across departments, divisions, and regions.

The company’s CEO Tom Keiser in a latest interview announced a week off for their workforce to battle burnout. 

Rockwell buys Plex Systems in $2.22 billion agreement

Rockwell automation, the world’s leading industrial automation and digital transformation solution announced acquisition of Plex Systems, a major cloud-native manufacturing platform. 

The $2.22 billion deal will be funded with a mix of cash and debt and is scheduled to conclude in the third quarter of this year, according to a statement released by Rockwell. Plex will get around 500 new members as a result of this agreement. Blake Moret, Chairman and CEO of Rockwell Automation said,

"This acquisition will accelerate our strategy to bring the Connected Enterprise to life, driving faster time to value for our customers as they increasingly adopt cloud solutions to improve resilience, agility, and sustainability in their operations” 

For SaaS enthusiasts like you.

Every Sunday, we send an exclusive weekly SaaS column and in-depth analysis straight to your inbox. Subscribe and Stay informed, for free.

get SaaS Weekly

Learn From The Best SaaS Knowledge Hub