Cognizant Files Lawsuit against Law Firm Bohrer PLLC
Cognizant has filed a lawsuit against a New York-based legislation agency, Bohrer PLLC, accusing it of fraudulently overbilling. Bohrer PLLC was one of five law firms hired by Cognizant’s former chief legal officer Steven E Schwartz to defend him in an India bribery case relating to construction of the company’s campus in the outskirts of Chennai.
Cognizant’s petition filed in a New York court alleged that Bohrer PLLC had billed the software firm for work that it didn’t carry out as invoiced, or carried out for a fraction of the billed price. Cognizant sought an award of at the very least $20 million towards its financial losses.
Ericsson and Huawei Take Lead in 5G Core and Edge Platforms
Huawei and Ericsson are leading the mainstream vendor category for 5G core deployments according to an assessment by global tech market advisory firm ABI Research on the services offered by nine 5G Core and Edge players. Huawei provides a competitive 5G core, edge, and AI capability that include both breadth and depth on a highly efficient foundation.
Ericsson is another leader in the overall rankings with a very focused strategy for 5G Core in particular, and cellular in general. However, there is fierce competition from other NEVs like Nokia and ZTE who continue to compete to establish a strong position in the market.
Furlenco Raises $140 Million for its Furniture and Appliance Renting Service
Furlenco, a Bangalore-based online furniture rental company, has raised $140 million in series D funding. The financing round was led by Mauritius-based Zinnia Global Fund. Other existing investors like CE Ventures and Lightbox Ventures also participated.
The funding will be used to expand into South Asian and international markets as well as Tier I and II cities like Jaipur, Ahmedabad and Mysuru. The company, which counts RentoMojo among its competitors, is present in 10 other cities including Bengaluru and Mumbai. The eight-year-old firm has risen close to $250 million in debt and equity till date.
