RICHMOND: Ransomware attacks surged to a record high in the first quarter of 2025, with victims increasing by 102% compared to the same period last year, according to a new report from cybersecurity firm GRIT. The quarterly GRIT report, released Wednesday, documented 2,063 ransomware victims in Q1, the highest number ever recorded. The findings also revealed a…
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Abacus Storage King receives unsolicited takeover proposal
SYDNEY: Abacus Storage King confirmed Monday it received an unsolicited, non-binding proposal from a consortium comprising Ki Corporation Limited and U.S.-based Public Storage to acquire all outstanding stapled securities not already held by the group. The offer, valued at A$1.47 per security (minus post-proposal dividends), would leave Public Storage with a 50% stake in the…
Vulcan Energy completes acquisition of Geox GmbH
LANDAU: Vulcan Energy announced Monday the completion of its acquisition of geox GmbH, including geothermal wells, renewable energy assets and a lithium licence in Landau, Germany. The move consolidates the company’s Phase One upstream assets for its Lionheart Project. The €14.33 million deal, finalized with an initial payment of €3.3 million, replaces a prior joint…
SEALSQ Corp to acquire a 30% equity stake in WeCanGroup SA
GENEVA: SEALSQ Corp (NASDAQ: LAES), a subsidiary of WISeKey, has entered into a strategic agreement to acquire a 30% equity stake in WeCanGroup SA. The collaboration aims to bolster cybersecurity resilience in the Web 3.0 ecosystem, focusing on post-quantum cryptography, Internet of Things (IoT) security, and safeguarding financial sectors against quantum-enabled cyber threats. The partnership will…
Frontgrade Technologies acquires defense solutions division of Crescend Technologies
Frontgrade Technologies, a leader in high-reliability electronic solutions for space and national security missions, announced Wednesday its acquisition of IDSI, LLC, the Defense Solutions division of Crescend Technologies, LLC. The move is set to enhance Frontgrade’s Radio Frequency (RF) amplifier capabilities for the aerospace and defense industries. IDSI, based in York, Pennsylvania, specializes in the design, development,…
Rhombus acquires Dashdive to optimize cloud costs
SAN FRANCISCO: Rhombus, a leader in cloud-managed physical security, announced the acquisition of Dashdive, a SaaS platform specializing in monitoring and analyzing multi-tenant cloud service costs. The move aims to optimize cloud expenses and deliver more cost-effective solutions for Rhombus’ diverse global customer base. Rhombus has used Dashdive’s technology to gain insights into its cloud costs on…
Transparency International’s 2024 Corruption Perceptions Index: Western Europe Faces Declining Scores
BERLIN: Transparency International released the 2024 Corruption Perceptions Index (CPI), revealing a significant decline in scores for Western Europe at a pivotal time. The report highlights the pervasive nature of corruption and the urgent need for stronger measures to combat it. The CPI, which ranks 180 countries by their perceived levels of public sector corruption, underscores the…
MedicAlert and Careteq partner to enhance medication safety for Australians
MELBOURNE: Careteq Limited (ASX: CTQ), a clinical healthtech company specializing in innovative medication management, has announced a strategic partnership with MedicAlert Foundation Australia to improve health outcomes for Australians with complex medical conditions. The collaboration aims to address medication-related harm by combining MedicAlert’s medical identification services with Careteq’s medication management expertise. Medication-related harm is a…
Northamber acquires Epatra in €2 million deal
Northamber NL B.V. announced today the acquisition of EPATRA B.V. and Epatra B.V. from PreHold B.V. and Lumen Vera B.V. The acquisition was completed through a share purchase agreement. EPATRA, founded in 2003, is a key distributor of professional audiovisual solutions, focusing on smart offices. Headquartered in the Netherlands, it boasts a warehouse and sales…
Pakistan signs $1.2 billion deferred payment oil import agreement with Saudi Arabia
Pakistan has signed an agreement with the Saudi Fund for Development (SFD) to import Saudi oil on deferred payment for one year, totaling $1.2 billion, according to an official statement. A delegation led by SFD CEO Sultan Bin Abdul Rehman Al Marshad met with Prime Minister Shehbaz Sharif in Islamabad. PM Shehbaz witnessed the signing…
Regis Healthcare to acquire the business and assets of BodeWell Community Care
SYDNEY: Regis Healthcare Limited (ASX: REG) has entered into a binding agreement to acquire the business and assets of BodeWell Community Care, a privately owned home care operator providing Home Care Packages (HCP), Commonwealth Home Support Programme (CHSP), and private home care. Regis’ CEO Dr Linda Mellors said, “BodeWell is a well-regarded home care service…
Sealand Capital Galaxy Limited Enters AI Industry with Conditional Investment
The company, known for investing in innovative IT and social media firms with a focus on the APAC region, is set to expand its portfolio by exploring opportunities in AI. This move comes as the global technology sector witnesses rapid changes driven by new AI models and applications. The company has appointed Ms. Elena Suet…