Prodapt Announces Expansion in Alberta Through Partnership with Invest Alberta
Prodapt, a global leader in telecom-native services and AI-driven transformation, has signed a Memorandum of Understanding (MOU) with Invest Alberta to expand its operations in the province. This strategic partnership marks a significant step in Prodapt's North America growth strategy, with plans to deliver more than $100 million in economic impact in Alberta over five years.
'Invest Alberta's collaboration with Prodapt represents another step toward making Alberta a hub for innovation in AI and technology investments in Alberta. Their confidence in what Alberta has to offer is an indication that our province is going in the right direction in growing a cutting-edge tech ecosystem that signals to the world that we are ready for this kind of expansion. Prodapt's trust and collaboration help bring Alberta to the world, and equip our investors to develop global solutions based on AI technology,' says Rick Christiaanse, CEO of Invest Alberta.
Prodapt's expansion includes establishing a nearshore delivery center to serve North American clients, with a focus on AI, cloud, and digital transformation. The company will collaborate with Alberta's leading universities to develop AI consulting and advisory services, specializing in Sovereign AI, GenAI platforms, and next-generation software engineering.
'This expansion represents more than just growth — it's a commitment to building lasting partnerships in one of North America's most ambitious innovation ecosystems," said Manish Vyas, CEO of Prodapt. "We're excited to collaborate with government, academia, and local businesses to advance the future of technology and deliver meaningful impact across Alberta."
Accelerating Digital Transformation in Western Canada
Rajiv Papneja, Chief Technology Officer at Prodapt, noted: "Alberta serves as a catalyst for our vision around Sovereign AI and next-gen platform engineering. With strong university ecosystems and a government focused on digital innovation, we're positioned to co-create solutions in AI, automation, and cloud that will benefit both Canada and global markets."
This initiative supports Alberta's strategic shift toward technology, clean energy, and AI-driven innovation, creating high-value opportunities for local talent and businesses. The university collaboration will include co-creating AI programs, offering real-world consulting projects, and developing a skilled workforce for tech roles.
Strengthening Local Talent and Innovation
The partnership strengthens Alberta's innovation landscape while positioning the province as a competitive destination for global technology investment.
'The support from Invest Alberta underscores our shared belief in Alberta's potential as a technology and talent hub. This MOU lays the foundation for a nearshore delivery center that will serve our North American clients, while fostering innovation through close collaboration with local universities and government programs,' said Sricharan Kuppam, Canada country head, Prodapt.
"As the province's engine for innovation, Alberta Innovates sees this MOU between Invest Alberta and Prodapt, as a big step forward for growing tech in Alberta," says Mike Mahon, CEO Alberta Innovates. 'International partnerships like these are the key to diversifying and growing our economy. We couldn't be happier to welcome Prodapt to the ecosystem.'
Prodapt is the largest specialized player in the Connectedness industry. As an AI-first strategic technology partner, Prodapt provides consulting, business reengineering, and managed services for the largest telecom and tech enterprises building networks and digital experiences of tomorrow. A ServiceNow-invested company, Prodapt has been recognized by Gartner as a Large, Telecom-Native, Regional IT Service Provider.
Connecting 1.1 billion people and 5.4 billion devices across the globe, Prodapt's clients include Rogers, Telus, Verizon, Vodafone, Liberty Global, Liberty Latin America, Claro, Lumen, Windstream, KPN, Virgin Media, British Telecom, Deutsche Telekom, Google, Amazon, PayPal, SoftBank, ServiceNow, Ciena, Adtran, Samsung and many more.
A 'Great Place To Work® Certified™' company, Prodapt employs over 6,000 technology and domain experts across the Americas, Europe, India, Africa, & Japan. Prodapt is part of the 130-year-old business conglomerate The Jhaver Group, which employs over 32,000 people across 80+ locations globally.
Visit www.prodapt.com for more information. Follow us on LinkedIn.
Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Instant answers: India's fintechs harness GenAI
Bengaluru: Generative AI is rewriting the rules of finance, and nowhere is the upheaval sharper than in India's booming fintech scene. Brokerage chatbots that speak four languages, payment assistants that fix errors in seconds, and back-office engines that close two-hundred-million credit accounts before dawn are steadily stripping cost and friction out of money management—and propelling a new breed of startups onto the world stage. Tired of too many ads? go ad free now That momentum explains why Tiffany Bloomquist, who runs the startups business for Amazon Web Services (AWS) across Asia-Pacific and Japan, now touches down in India almost every quarter. Meeting founders in Bengaluru during a recent visit, she said GenAI has quickly become the fastest route to improving customer experience and urged entrepreneurs to weave the technology into every layer of their products. Three local tail-winds, she said, are fuelling the surge. F irst, the govet's India Stack gives developers ready-made digital rails for identity, payments and data-sharing. Second, Nasscom counts more than 240 Indian GenAI startups today, up from just 66 early last year. Third, AWS's ten-week GenAI Accelerator—supported by a $230 million fund—offers up to $1 million in credits, matches mentors and organises brisk "speed connect" meetings with big corporate buyers. Seven Indian firms have already won places on the current cohort. What, then, are those firms actually doing? Stock-broking platform Dhan, serving roughly three million traders, was drowning in know-your-customer (KYC) checks. By training a language model on its own policy documents, it now answers a quarter of those queries automatically, halving average wait times and cutting support costs by nearly a third. Tired of too many ads? go ad free now Payment specialist Easebuzz faced merchants who repeatedly rang in with integration snags. Its new assistant, ERA, reads each message, compares it with technical manuals and suggests step-by-step fixes in real time. Redundant tickets have dropped by 80% and responses that once took 20 minutes arrive in seconds. At banking tech company Zeta, the numbers are bigger still. Every night the firm must post millions of transactions that merchants queue during the day. A cloud-based processing engine—reinforced with AI routines that predict the heaviest bursts—now reconciles 208 million credit accounts in about 40 minutes, a feat that would once have demanded a nine-figure hardware budget. Debt-marketplace Yubi uses large-language models to refresh credit scores. Feeding the software a lake of public filings and bank statements lets risk models update in hours rather than days, trimming a third off the time borrowers wait for funding offers. The common recipe is simple: distil company knowledge into an AI model, surface it through a chat-style interface and run it on servers that expand only when the rush arrives. "We used to automate servers," Bloomquist said. "Now we're automating compliance, advice, and trust. Founders who seize that shift will shape the next decade of finance."
Time of India
9 hours ago
- Time of India
Delhivery delivers in Q1; Google open to ‘real money'
Delhivery delivers in Q1; Google open to 'real money' Also in the letter: Delhivery Q1 profit jumps 68.5% ahead of festive season Details: Net profit up 68.5% year-on-year at Rs 91 crore. Operating revenue at Rs 2,294 crore, up 6% over the same period last year. Express parcel volumes hit 208 million in Q1FY26, up from 183 million in Q1FY25 and 177 million in Q4FY25. The company has also wrapped up the acquisition of its rival Ecom Express. Quick update: Quick update: Currently, the company operates 20 dark stores across Bengaluru, Hyderabad, and Chennai. By year-end, it plans to enter three new cities and add 30–40 more dark stores. What's coming: Board rejig: Google to allow real-money games on Play if self-declared Backstory: Details: Developers must prove their apps are in good standing with a recognised body such as the All India Gaming Federation (AIGF) or the EGF, which will confirm their legality under Indian law. These apps will still need to comply with Google's broader developer policies and local regulations. What's next: GenAI puts up to 15% of IT services revenue at risk: Motilal Oswal The details: What IT leaders are saying: Margins take a hit: Why it matters: Also Read: Apple hits 3 billion iPhones sold as Q3 sales rise 13% Q3 snapshot: Tailwinds and concerns: Why it matters: EU eyes Big Tech's acquihires for potential antitrust violations What's new: Context: Why it matters: What's next: Delhivery posted a 68.5% rise in net profit in April-June quarter on the back of operational efficiency. This and more in today's ETtech Top 5.■ GenAI impact on IT revenue■ Apple has sold 3 billion iPhones■ Big Tech 'acquihires' under EU lensDelhivery CEO Sahil BaruaLogistics services provider Delhivery delivered a strong first-quarter performance , driven by tighter operations and steady revenue, as it gears up for India's festive the rapid delivery front, Delhivery is scaling its intracity service , Rapid Commerce, which it launched in January . The service caters to businesses needing time-sensitive fulfilment.'This base network of dark stores and in-city delivery will allow us to build Rapid B2B fulfilment for time-sensitive categories such as automotive spare parts, electronics spares, tyres, critical industrial components, lubricants, specialty chemicals and certain FMCG products,' the company Sahil Barua said Delhivery is primed for the festive period. The company noted that while ecommerce volumes have grown 12–15% annually over the past three years, it expects long-term growth to top 15%, with a sharper focus on direct-to-consumer (D2C) brands and small and medium enterprises (SME).Srivatsan Rajan, its longest-serving independent director, will step down effective from September 30, the company said in a filing. Joining as non-executive members are PB Fintech chairman and CEO Yashish Dahiya and IIM Bangalore professor Padmini is set to open up its India Play Store to all real-money games (RMG) legally allowed in the country, provided developers self-declare their compliance and secure backing from a recognised industry move follows a probe by the Competition Commission of India (CCI) last year , triggered by a complaint from gaming platform Winzo. The watchdog had raised concerns that Google's tightly controlled pilot for select RMGs could amount to exclusionary the proposal, Google will scrap the closed pilot and introduce an open policy for RMG proposal is open for public comment until August 20. If the CCI approves it, Google will roll out the changes within 120 days. The shift could unlock fresh monetisation avenues for RMG developers and give Google a smoother regulatory ride in India's fast-growing gaming AI (GenAI) could shave 10–15% off Indian IT firms' revenue , brokerage firm Motilal Oswal has warned, as automation of software development eats into billable biggest hit is likely in Application development and maintenance (ADM), which contributes more than a third of the industry's topline. GenAI can handle up to 45% of coding, testing, and debugging, allowing clients to demand more output without incurring higher leaders acknowledge the shift. TCS, for instance, says clients are moving from pilots to production-grade GenAI projects. Yet full-scale deployments remain rare, and unlike previous tech waves, budgets are not pressure is already visible in Q1 FY26. Firms reported softer margins as pricing tightens, deal cycles stretch, and GenAI-led productivity accelerates deflation in legacy IT may be staring at a messy realignment. GenAI promises long-term efficiency, but without a new growth engine, the sector's old formula of linear scaling looks increasingly has crossed a milestone that few companies can dream of. CEO Tim Cook revealed during the Q3 earnings call that the tech giant has now sold over 3 billion iPhones since the device first hit shelves in iPhone remains Apple's undisputed cash cow. Sales jumped 13% year-on-year to $44.6 billion in the quarter, helping total revenue climb to $94.04 billion. Net profit rose 12% to $23.4 billion, a sign that the company can still find growth in a mature provided a lift, with revenue ticking from $14.7 billion to $15.3 billion, while India delivered record sales. Apple is now leaning on emerging markets for its next wave of growth, even as looming import tariffs threaten to squeeze demand in the months billion iPhones sold underlines Apple's enduring dominance and its bet that the next billion users may come from outside its traditional European Union is preparing to cast a sharper eye on Big Tech's 'acquihire' deals, where tech giants snap up key talent from startups without buying the entire company. Regulators fear these moves could be a backdoor to skirt antitrust Guersent, the outgoing head of the European Commission's antitrust unit, told Reuters that such transactions should qualify as mergers because 'staff are part of a company's assets.' He highlighted that national watchdogs in Ireland, Denmark, and Sweden already have 'call-in powers' that allow them to flag even small, below-threshold deals to scrutiny follows a string of headline-making acquihires:The Commission is increasingly focused on preserving competition in emerging sectors such as AI. Guersent, a key architect of the Digital Markets Act, warned that acquihires risk undermining the spirit of EU merger more national authorities expected to use their call-in powers, tech firms should brace for a tougher, wider net on talent-driven deals.
Fibre2Fashion
9 hours ago
- Fibre2Fashion
US' Ethan Allen closes FY25 with $614.6 mn sales, eyes FY26 growth
American retailer Ethan Allen Inc has announced its full-year financial results for fiscal 2025 (FY25), posting consolidated net sales of $614.6 million, a slight decline of 4.89 per cent year-over-year (YoY). The retail net sales stood at $523.1 million, and wholesale net sales at $359.1 million, with written orders down 1.5 per cent and 3.2 per cent, respectively. Despite the dip in revenue, the company maintained a strong gross margin of 60.5 per cent and an adjusted operating margin of 10.2 per cent. Selling, general and administrative (SG&A) expenses declined by 1.7 per cent and represented 50.4 per cent of sales. The diluted earnings per share (EPS) came in at $2.01, compared to $2.49 last year. Ethan Allen has reported consolidated net sales of $614.6 million in FY25, down 4.89 per cent YoY, with strong gross margin of 60.5 per cent and adjusted EPS of $2.01. Q4 sales fell 4.9 per cent. Despite lower written orders and reduced headcount, the company opened new design centres and strengthened its digital-retail integration. It remains confident in its business model and FY26 growth outlook. The capital expenditures (capex) rose to $11.3 million, and the company ended the fiscal with $196.2 million in cash and investments and zero debt. Inventory levels dropped 6.3 per cent in the last quarter and 0.8 per cent year-over-year to $140.9 million. Ethan Allen also reported a 5.7 per cent reduction in its workforce, now totalling 3,211 associates—down 32.2 per cent from June 2019. In FY25, the company opened four new design centres in the US and Canada, combining physical retail with digital interior design services. Ethan Allen now operates 172 retail design centres in North America and several international locations. FY26 will see new openings in Albuquerque, Colorado Springs, Concord (Canada), San Diego, and Webster, the company said in a press release. 'Our fiscal 2025 performance reflects the strength of our vertically integrated enterprise, including our interior design retail network, relevant product offerings and ability to manufacture about 75 per cent of our furniture in our own North American facilities. We executed well throughout the fiscal year as we remained focused on five key areas: talent, service, marketing, technology and social responsibility,' said Farooq Kathwari, Ethan Allen's chairman, president and chief executive officer (CEO) at Ethan Allen. In the fourth quarter (Q4) of FY25, Ethan Allen reported consolidated net sales of $160.4 million, a drop of 4.9 per cent YoY. Retail net sales stood at $138.5 million, while wholesale net sales slipped to $87.2 million. In terms of order activity, the retail segment saw a 1.6 per cent YoY increase in written orders, while wholesale written orders fell by 6.8 per cent. The company's consolidated gross margin stood at 59.9 per cent, compared to 60.8 per cent a year ago. The operating margin was 9.5 per cent, and the adjusted operating margin fell to 9.7 per cent from 13.1 per cent last year. In Q4, diluted earnings per share (EPS) came in at $0.48, with adjusted EPS at $0.49, down from $0.7 in the prior year. Ethan Allen generated $24.8 million in operating cash flow during the quarter, slightly lower than the $26.2 million recorded last year. 'The strengthening of our team and investing in technology has been a game changer and helped us operate more efficiently. On June 30, 2025, our headcount was 5.7 per cent lower than a year ago and has been reduced by 32.2 per cent since 2019. We are confident in the investments that we are making for the future but recognize the need to remain cognizant of the uncertain economic environment,' added Kathwari. 'We are confident in the strength of our business model as Ethan Allen has successfully navigated challenging times to serve our clients and deliver value to our shareholders throughout its 93-year history. Our robust balance sheet and financial stability provide a solid foundation and position us well as we head into fiscal 2026. We look forward to continuing our progress and remain cautiously optimistic.' Fibre2Fashion News Desk (SG)
