MELBOURNE, AUSTRALIA: Genetic Technologies Limited (GTG) has entered into an agreement to acquire the direct-to-consumer eCommerce business and distribution rights associated with General Genetics Corporation and its associated brands trading as EasyDNA from Belhealth Investment Fund LP for $4 million. Highlights: •Strategically, this Direct-to-Consumer acquisition provides Genetic Technologies the foundation to grow its portfolio of…
Itaconix plc notifies removal of US securities law restrictions
LONDON, UK: Itaconix Plc announced the removal of restrictive legends on the Company’s ordinary shares issued to certain US persons in 2016, 2018, and 2020. The restrictive legends were applied at the time of issuance of these Ordinary Shares pursuant to applicable US securities laws. The Company is making this announcement to facilitate the ability…
Palace Capital continues disposal programme with Weybridge sale
LONDON, UK: Palace Capital, the property investment company that has a diversified portfolio of UK commercial real estate, has completed the sale of Bridge House, High Street in Weybridge, Surrey as part of its £30 million programme of non-core disposals. The asset is unencumbered and therefore the net proceeds of the £3.7 million sale, which…
Derwent London sells Angel Square to Tishman Speyer for £86.5 million
LONDON, UK: Derwent London has exchanged contracts to sell its 126,200 sq ft freehold interest in Angel Square, Islington to Tishman Speyer. The disposal price is £86.5m before costs. Angel Square consists of three multi-let connected buildings around a central courtyard and was acquired in November 2014. Following a light touch refurbishment, the bulk of…
Marlowe plc acquires Core Stream Limited for £18 million
LONDON, UK: Marlowe plc has acquired the leading governance, risk and compliance (GRC) Software as a Service (SaaS) platform Core Stream Limited for an implied enterprise value of approximately £18 million. Founded in 2006 and headquartered in London, CoreStream supports large organisations with corporate compliance and risk management needs. CoreStream is a leader in the…
Ideagen Plc acquires Mi-Co and OpsBase for a total of £5 million
LONDON, UK: Ideagen PLC, a leader in compliance software for regulated industries, announced two recent strategic acquisitions to considerably enhance the Group’s product offering and capabilities. Mi-Co: On 16 July 2021, Ideagen completed the acquisition of Advanced Digital Systems Inc, trading as Mi-Co, for a cash consideration of £3.1m on completion. Mi-Co’s ARR is £0.9m….
Zoom Video Communications to acquire Five9 Inc. For $14.7 billion
SAN JOSE: Zoom Video Communications Inc. it has entered into a definitive agreement to acquire Five9 Inc., a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately $14.7 billion. Combining Five9’s Contact Center as a Service (“CCaaS”) solution with Zoom’s broad communications platform will transform how businesses connect with…
Magnora to participate in the upcoming ScotWind leasing round
OSLO, NORWAY: Magnora ASA has submitted applications to ScotWind through its subsidiary Magnora Offshore Wind AS for two zones in Scotland. Reference is made to the stock exchange announcement dated 29 January and 18 March 2021, regarding entering into an agreement with TechnipFMC. Today, Magnora Offshore Wind, a partnership between Magnora and TechnipFMC, is pleased…
Mari Petroleum acquires working interest in Margala Block
KARACHI, PAKISTAN: Mari Petroleum Company Limited (MPCL) has executed a farm-out agreement with MOL Pakistan Oil and Gas Co. B.V. over Margala Block with an area of 1,847 sq. km to collaborate their resources and efforts to jointly perform exploration activities. The Block is situated in the Potwar Basin in the vicinity of Islamabad. MPCL…
Batelco gets licenses for open banking to enter the FinTech arena
BAHRAIN: Batelco Financial Services, a subsidiary of Batelco, has been granted a full operating license by the Central Bank of Bahrain (CBB). Batelco is the first telecom company in the GCC to have received licenses for open banking (Account Information Service Provider, Payment Information Service Provider), as well as payment service provider and card processor,…
Thinkium to launch on GitHub
NEW YORK: Thinkium public chain announced to launch on GitHub, the world’s largest technology community, to realize partial open source of key functions. Thinkium concentrates on technology for five years, and has come up with a number of significant innovations. Crypto asset is often touted as an uncorrelated asset relative to conventional asset classes like…
CCL Industries buys Plum Paper LLC for $26 million
TORONTO: CCL Industries Inc. has acquired Plum Paper LLC, a privately owned, direct-to-consumer ecommerce business based in Oceanside, California. Founded in 2014, Plum Paper is a leading supplier of personalized planners, journals and related stickers. Sales for 2021 are forecasted to be approximately $11.5 million with an estimated 44% EBITDA margin. The debt free, all…