Latest news with #ESPOO
Associated Press
05-08-2025
- Business
- Associated Press
Tecnotree Reports Continued Positive Free Cash Flow and Expansion in Europe in H1 2025
ESPOO, Finland--(BUSINESS WIRE)--Aug 5, 2025-- Tecnotree, a global leader in digital platforms for AI, 5G, and cloud-native technologies for the telecommunications industry, today announced its financial results for the first half of 2025. The company demonstrated strong operational discipline, improved profitability, and sustained growth despite currency headwinds, while expanding its footprint in mature markets, particularly Europe. This press release features multimedia. View the full release here: Tecnotree Reports Continued Positive Free Cash Flow and Expansion in Europe in H1 2025 First Half (January – June 2025) Key Achievements: CEO Statement: Padma Ravichander, CEO of Tecnotree, stated: 'Our H1 2025 results highlight the strength of our operational discipline and strategic focus. Achieving positive free cash flow for the fifth consecutive quarter, while expanding our footprint in mature markets, reinforces our confidence in Tecnotree's growth trajectory. We remain committed to delivering innovative, AI-driven solutions that enable our customers' digital transformations and unlock new revenue streams. I am proud of partners and our teams for driving this success and look forward to continued momentum for the remainder of the year.' About Tecnotree Tecnotree is a 5G-ready digital Business Support System (BSS) leader delivering AI/ML-enabled, cloud-native, and multi-cloud extensible solutions for telecommunications. With 59 TM Forum Open API certifications, Tecnotree provides agile order-to-cash and subscription management platforms, along with fintech and B2B2X multi-experience digital marketplaces via Tecnotree Moments. The company is listed on the Helsinki Nasdaq (TEM1V). View source version on CONTACT: Further Information: Prianca Ravichander, CMO Email:[email protected] KEYWORD: FINLAND EUROPE INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY FINTECH 5G TELECOMMUNICATIONS PROFESSIONAL SERVICES SOFTWARE NETWORKS DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Tecnotree Copyright Business Wire 2025. PUB: 08/05/2025 05:03 AM/DISC: 08/05/2025 05:03 AM
National Post
10-06-2025
- Business
- National Post
IQM's State of Quantum 2025: Quantum Industry Must Solve Talent Shortage and Software Platforms, Not Just Qubits
Article content The report predicts that quantum computing market will hit over $22 billion globally by 2032 as commercial deployments accelerate. Article content Highlights how AI, high-performance computing (HPC), and quantum technology are converging to drive the next wave of growth. Article content This is the third edition of the state of quantum report by IQM Quantum Computers. Article content ESPOO, Finland — IQM Quantum Computers in collaboration with analyst firm Omdia (LON:INF), today unveiled the third edition of its State of Quantum Report, revealing that the quantum industry must address talent shortages and software development kits (SDK) gaps in order to scale beyond just qubit count. Article content As quantum computing shifts from theoretical promise to practical integration, the report projects that the global quantum computing market will reach over $22 billion by 2032 as commercial deployments accelerate. Article content The findings also show that 75% of respondents believe that defining the right applications is the most critical factor for adoption. As Dr. Jan Goetz, Co-CEO and Co-founder of IQM, noted in his foreword, 'Quantum's promise is clear, but fulfilling it requires orchestrated progress across the hardware and software stack—transforming these powerful machines from niche tools into drivers of real-world outcomes.' Article content The report also argues that progress hinges on synchronising hardware industrialisation with software platform maturity. Today, software development kit fragmentation hampers portability and slows adoption in multi-vendor settings. Article content HPC, Quantum, and AI Integration Article content The report also highlights how high-performance computing (HPC), quantum computing, and AI are converging to drive the next wave of growth. According to industry experts, investors, and users across Europe, North America, Asia, and Oceania interviewed, HPC provides the robust infrastructure and orchestration needed to integrate quantum systems into real-world environments, ensuring that quantum and classical resources work in harmony. Article content This synergy promises to accelerate adoption, amplify returns for early adopters, and transform quantum computing from a niche capability into a trusted part of the broader scientific and industrial toolbox. Article content 'Our interviewees identified three major challenges – one is getting to the level of reliability where quantum computers can be considered industrial products rather than crafted laboratory devices, another is improving the software layer to provide the sort of developer experience we see in the high-level frameworks used for AI, and a third is helping users identify opportunities to benefit from quantum computer and set up their experiments. Interestingly, the interviewees are expecting multiple quantum technologies to co-exist, with a degree of specialisation between them,' said Alexander Harrowell, Principal Analyst, Advanced Computing at Omdia. Article content Sector Readiness: 57% of survey respondents placed drug-discovery and molecular-modelling workloads as their top quantum priority list, ahead of finance and chemicals. Article content Funding: After a dip in 2023, venture funding surged again in 2024, with 58% of cumulative quantum venture funding still flowing to North American firms, with average deal sizes ($38M) triple those in Europe ($12M). Article content Challenges Ahead: Talent shortages in quantum and growth-stage funding outside the US are the two biggest systemic risks to the industry's continued growth. Article content In addition, the report also calls for three critical priorities to turn these insights into tangible outcomes: Article content Better Abstraction Layers: Bridging the gap between the physics of qubits and the practical problems that matter to businesses. Article content Unified Orchestration and Scheduling: Enabling quantum and classical HPC resources to operate seamlessly together. Article content About IQM Quantum Computers: Article content IQM is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM's software and hardware. IQM has over 300 employees with headquarters in Finland and a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea and the United States. Article content Article content Article content Article content Article content Contacts Article content Media contact: Article content Article content Email: Article content Article content Article content
Yahoo
10-06-2025
- Business
- Yahoo
IQM's State of Quantum 2025: Quantum Industry Must Solve Talent Shortage and Software Platforms, Not Just Qubits
The report predicts that quantum computing market will hit over $22 billion globally by 2032 as commercial deployments accelerate. Highlights how AI, high-performance computing (HPC), and quantum technology are converging to drive the next wave of growth. This is the third edition of the state of quantum report by IQM Quantum Computers. ESPOO, Finland, June 10, 2025--(BUSINESS WIRE)--IQM Quantum Computers in collaboration with analyst firm Omdia (LON:INF), today unveiled the third edition of its State of Quantum Report, revealing that the quantum industry must address talent shortages and software development kits (SDK) gaps in order to scale beyond just qubit count. As quantum computing shifts from theoretical promise to practical integration, the report projects that the global quantum computing market will reach over $22 billion by 2032 as commercial deployments accelerate. The findings also show that 75% of respondents believe that defining the right applications is the most critical factor for adoption. As Dr. Jan Goetz, Co-CEO and Co-founder of IQM, noted in his foreword, "Quantum's promise is clear, but fulfilling it requires orchestrated progress across the hardware and software stack—transforming these powerful machines from niche tools into drivers of real-world outcomes." The report also argues that progress hinges on synchronising hardware industrialisation with software platform maturity. Today, software development kit fragmentation hampers portability and slows adoption in multi-vendor settings. HPC, Quantum, and AI Integration The report also highlights how high-performance computing (HPC), quantum computing, and AI are converging to drive the next wave of growth. According to industry experts, investors, and users across Europe, North America, Asia, and Oceania interviewed, HPC provides the robust infrastructure and orchestration needed to integrate quantum systems into real-world environments, ensuring that quantum and classical resources work in harmony. This synergy promises to accelerate adoption, amplify returns for early adopters, and transform quantum computing from a niche capability into a trusted part of the broader scientific and industrial toolbox. "Our interviewees identified three major challenges – one is getting to the level of reliability where quantum computers can be considered industrial products rather than crafted laboratory devices, another is improving the software layer to provide the sort of developer experience we see in the high-level frameworks used for AI, and a third is helping users identify opportunities to benefit from quantum computer and set up their experiments. Interestingly, the interviewees are expecting multiple quantum technologies to co-exist, with a degree of specialisation between them," said Alexander Harrowell, Principal Analyst, Advanced Computing at Omdia. Key Findings and Market Trends Sector Readiness: 57% of survey respondents placed drug-discovery and molecular-modelling workloads as their top quantum priority list, ahead of finance and chemicals. Funding: After a dip in 2023, venture funding surged again in 2024, with 58% of cumulative quantum venture funding still flowing to North American firms, with average deal sizes ($38M) triple those in Europe ($12M). Challenges Ahead: Talent shortages in quantum and growth-stage funding outside the US are the two biggest systemic risks to the industry's continued growth. In addition, the report also calls for three critical priorities to turn these insights into tangible outcomes: Better Abstraction Layers: Bridging the gap between the physics of qubits and the practical problems that matter to businesses. Unified Orchestration and Scheduling: Enabling quantum and classical HPC resources to operate seamlessly together. Cross-Disciplinary Collaboration: Fostering teams that blend quantum expertise, domain knowledge, and software development—creating a new generation of problem-solvers. Download the full report here: State of Quantum 2025 Report. About IQM Quantum Computers: IQM is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM's software and hardware. IQM has over 300 employees with headquarters in Finland and a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea and the United States. View source version on Contacts Media contact: Email: press@ Mobile: + Sign in to access your portfolio
National Post
20-05-2025
- Business
- National Post
IQM to Deliver World-leading 300-qubit Quantum Computer to Finland
Article content IQM will deliver two IQM Radiance quantum computers to VTT in Finland: first a 150-qubit computer in 2026 and a 300-qubit computer in 2027. The 300-qubit system is powered by two superconducting 150-qubit quantum processors. The quantum computers will be specifically designed to serve as testbeds for quantum error correction (QEC) to enable research and development for fault-tolerant quantum computers. The two quantum computers will be integrated with the Finnish HPC infrastructure. Article content Article content ESPOO, Finland — IQM Quantum Computers, a global leader in superconducting quantum computers, announced today the signing of an agreement with VTT Technical Research Centre in Finland to deliver a 150-qubit and a 300-qubit quantum computer. The systems will be delivered in 2026 and 2027 and integrated with the Finnish HPC infrastructure. Article content The 300-qubit quantum computer is purpose-built and designed to support quantum error correction experiments an essential step toward fault-tolerant quantum computing. The system is expected to enable algorithm research for techniques such as circuit knitting. Article content IQM has previously delivered 5-qubit, 20-qubit, and 50-qubit quantum computers to VTT, marking key milestones in the development of Finland's quantum ecosystem. Each system has played a crucial role in advancing research capabilities and supporting the growing needs of the quantum community in Finland. Article content 'We are excited to continue our long-term partnership with VTT and ship our next generation of quantum computers to power Finland's quantum ecosystem,' says Mikko Välimäki, Co-CEO of IQM Quantum Computers. 'We are committed to delivering and deploying full-stack quantum computers worldwide, and Finland will get our highest performing quantum computer to date as the next step on our common journey to reach fault-tolerant quantum computing,' he continues. Article content 'This 300-qubit superconducting quantum computer has the most superconducting qubits procured anywhere in the world. In addition, the delivery schedule is quick,' says Piia Konstari, Project Manager for VTT's quantum computer tendering process. Article content IQM has sold and shipped more on-premises quantum computers in the last 12 months than any other quantum computer manufacturer, while its systems have been deployed by various universities and HPC centers globally. Article content The company's approach is to power local quantum ecosystems with an open and transparent hardware and software platform. In addition, IQM on-premises users will get hands-on access to system hardware and software platforms including pulse-level access to control the qubits. Article content 'This announcement highlights our commitment to deliver on our published development roadmap. The quantum computers will benefit from our strong technology stack including tunable couplers, HPC integration, and an open software stack. Our goal is to allow researchers and developers to start experimenting with the latest quantum error correction technologies and show groundbreaking quantum utility with these computers,' says Jan Goetz, IQM's Co-CEO and Co-founder. Article content IQM is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM's software and hardware. IQM has over 300 employees with headquarters in Finland and a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea and the United States. Article content VTT is a visionary research, development and innovation partner. We drive sustainable growth and tackle the biggest global challenges of our time and turn them into growth opportunities. We go beyond the obvious to help the society and companies to grow through technological innovations. We have over 80 years of experience of top-level research and science-based results. VTT is at the sweet spot where innovation and business come together. VTT – beyond the obvious. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
