In Brief: HCL launches AppScan for application security testing; SoftBank may back out of WeWork deal

In Brief: HCL launches AppScan for application security testing; SoftBank may back out of WeWork deal
Photo Credit: VCCircle
18 Mar, 2020

Noida-based information technology (IT) services firm HCL Technologies has launched the latest version of AppScan to aid with the security testing of applications. The new version, dubbed V10, is expected to be available from April this year. It will be a single solution for automated application security testing and management activities, HCL claimed in a statement. The new solution provides improved scan accuracy and performance through machine learning, which brings into focus the most critical flaws that threaten the application portfolio. The solution will ensure that applications are secure, with minimal disruption to work at any point in the software development lifecycle, HCL added. 

SoftBank may pull out of a $3 billion WeWork tender offer

Japanese conglomerate SoftBank Group plans to pull out of a $3 billion bid to buy additional shares in coworking giant WeWork, according to a Reuters report. In October, New York-based WeWork and its largest investor SoftBank Group agreed on a $9.5 billion rescue plan for the beleaguered company. As per the terms of the deal, SoftBank was expected to bring in $5 billion in new financing and launch a tender offer of upto $3 billion for existing shareholders. Additionally, SoftBank had said it would accelerate the infusion of an existing $1.5 billion commitment into WeWork. The latest move is the result of WeWork failing to meet the conditions for the deal, the report said. 

Read: SoftBank to rethink Vision Fund II post a dismal Q3

Ride-hailing unicorn Gojek raises $1.2 bn: Report

Indonesian ride hailing and payments firm Gojek closed an additional $1.2 billion of funding last week, according to a Reuters report, which cited an internal memo. The report did not mention who the investors were. It cited the memo and said that Gojek’s total capital infusion stands at just under $3 billion till date. The company expects more funding, despite the coronavirus pandemic, which has affected the technology investment environment, the report said. The memo also said that the company would “provide logistical capabilities and supply chains to keep people fed, and (for) payments services” as southeast Asia deals with the impact of the coronavirus, the report added.

Read: Indonesia’s Go-Jek acquihires Bengaluru AI recruiter AirCTO to fuel its super-app ambitions

Paytm Payments Bank issues virtual Visa debit cards 

Paytm Payments Bank has started to issue virtual Visa debit cards to its customers, enabling them to make international transactions now. Soon, they can also request for a physical card, the company said in a statement. The firm aims to issue over 10 million new debit cards in the financial year 2020-2021. The company claims to have 100 million Unified Payments Interface (UPI) accounts, 300 million wallets, 220 million saved cards and 57 million bank accounts on its platform.