Geogentia, a leader in geospatial intelligence and big data, has announced the launch of In:SITE, a service that can enhance the security of correctional facilities and other high-security areas by detecting contraband devices. In:SITE is a breakthrough in the field of contraband detection, as it can identify the presence of unauthorized mobile devices, such as…
Category: More
Bollegraaf and Greyparrot join forces to create smart recycling plants using AI
Bollegraaf, the world’s largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform global waste management. The deal, worth $12.8M, will see Bollegraaf transfer its AI vision business to Greyparrot and also become a worldwide distributor and strategic partner for Greyparrot’s Analyzer, which provides…
Rain secures $300 million from Clear Haven Capital Management
Rain, a platform that allows employees to access their earned wages in real-time, announced today that it has secured $300 million in financing from Clear Haven Capital Management. The new funding will help Rain scale its offering to more employers and employees, who can benefit from greater financial control and well-being. Rain’s platform enables employees…
Frugl Group appoints new CEO and CFO
SYDNEY, AUSTRALIA: Frugl Group Limited (ASX: FGL), a data analytics company, has announced the appointment of its new Chief Executive Officer (CEO), Mr Ken Tovich, effective from 12 February 2024. Mr Tovich has over 30 years of experience in various industries, including agriculture, finance, and banking. He was previously the Head of International Sales at…
Apple appeals US ban on latest smartwatches over patent dispute
Apple is challenging a US ban on its newest smartwatch models that took effect on Tuesday, after the Biden administration decided not to overturn a ruling on patent violations. The Apple Watch Series 9 and Apple Watch Ultra 2 are no longer sold in stores or online, as a result of the ban. The ban…
LMS Capital acquires Windsor retirement village for £11.9m
LONDON, UK: LMS Capital PLC, a listed investment company, has announced the acquisition of Castle View Retirement Village in Windsor for £11.9 million. The deal is part of LMS’s strategy to invest in the retirement living sector, which is expected to grow due to the ageing population and the demand for housing options for older…
Pakistan’s internet shutdown sparks controversy and criticism
Country’s telecom authority, the Pakistan Telecommunication Authority (PTA), has reportedly launched an investigation into the alleged internet shutdown that occurred on Sunday, ahead of a virtual meeting of the opposition party Pakistan Tehreek-i-Insaf (PTI). Prime Minister Imran Khan, is facing corruption and immorality charges. Khan’s tenure is marred with misgovernance and inefficiency. Nonetheless, the popular…
Aptamer Group partners with biotech firm to target genetic medicines with Optimers
LONDON: Aptamer Group plc, a company that develops novel Optimer binders for the life sciences industry, has signed a deal with a biotech firm that makes genetic medicines. The deal involves using Aptamer Group’s platform to discover Optimers that can target genetic medicines to specific cells. Aptamer Group will get up to £553,000 for this…
Workspace Group to use solar energy to power portfolio
LONDON, UK: Workspace Group, London’s leading owner and operator of sustainable, flexible work space, has entered into a Corporate Power Purchase Agreement (CPPA) with Statkraft, Europe’s largest generator of renewable energy, to supply around two thirds of the Group’s expected electricity demand for the next 10 years with effect from 1 February 2024. Workspace will…
Allfunds acquires Iccrea Banca’s local paying agent business
AMSTERDAM: Allfunds Group plc (AMS: ALLFG), a global B2B WealthTech platform, and Iccrea Banca, the parent company of the BCC Iccrea Group, one of the largest banking groups in Italy, announced that they have completed the deal under which Allfunds acquires Iccrea Banca’s local paying agent business, including a long-term exclusivity agreement. The deal will…
India approves 27 international companies to make IT hardware under incentive scheme
India has given the green light to 27 companies, including U.S. tech giants Dell, HP and China’s Lenovo, to manufacture IT hardware in the country under a production-linked incentive (PLI) scheme. The scheme aims to boost domestic manufacturing and attract large investments in the value chain of IT hardware products. The PLI scheme for IT…
Mars reaches agreement to acquire Hotel Chocolat for £534 million
LONDON, UK: The boards of directors of Hive Bidco Inc. and Hotel Chocolat Group plc reached agreement on the terms of a recommended cash acquisition, pursuant to which Bidco, a wholly-owned indirect subsidiary of Mars, Incorporated, will acquire Hotel Chocolat. Under the terms, each Hotel Chocolat shareholder will be entitled to receive 375 pence in…