TechTaffy

tech:

taffy

Xerox Gets $848M Contract From State Of Texas

By TechTaffy Desk

[Techtaffy Newsdesk]

Xerox is creating secure cloud-based services for Texas citizens by modernizing and consolidating its data centers. The upgrade will be one of the largest projects of its kind in the country, says the company.

Under an $848 million, eight-year contract, Xerox will help the Texas Department of Information Resources (DIR) streamline IT operations of state agencies by refreshing technology and combining operations from 28 separate facilities to two centralized data centers.

Xerox’s partners on the IT consolidation project include a number of Texas firms designated as Historically Underutilized Businesses (HUBs), as well as technology market leaders. By committing to deliver the services in Texas, Xerox and its partners will provide and sustain more than 500 jobs in the state.

Separately, DIR awarded Xerox a six-year, $53 million contract to continue its printing and mailing services that support a number of state agencies. Xerox prints more than 240 million pages annually, including notices, vehicle titles and Workers’ Compensation documents.

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.