HELSINKI, FINLAND: The CEO of Martela Corporation, Artti Aurasmaa, has decided to step down from his role to take a new position in another organization. Aurasmaa will continue to work for Martela up to the end of his six-month notice period. The Board of Directors at Martela will immediately launch the search for a new…
MSCI upgrades X5 Group’s ESG rating to BBB
AMSTERDAM: MSCI ESG Research has upgraded X5 Group’s sustainability rating from BB to BBB. The agency assigns ratings to global public companies based on their resilience to long-term, industry-specific, ecological, social and governance risks. The ratings range from CCC to AAA. MSCI noted in particular X5’s detailed anti-corruption policy, its ethics training for employees, carbon…
IDEX Biometrics announces TrustedBio MaxT
OSLO, NORWAY: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced the second product in its TrustedBio (TM) line of highly-differentiated fingerprint authentication solutions, TrustedBio Max. TrustedBio Max provides the highest level of single-device functionality available for card-based fingerprint authentication. Unlike sensor-only products, the TrustedBio family of products integrates into…
CyanConnode to deploy smart metering in Africa
LONDON, UK: CyanConnode Holdings, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announced that it has received a contract for a smart metering deployment in Africa. CyanConnode will supply 100,000 Omnimesh Modules together with Advanced Metering Infrastructure, Services, Omnimesh Head-End Software, Perpetual License and an Annual Maintenance Contract. The supply of Omnimesh…
Christine O’Reilly to join the ANZ Board
SYDNEY, AUSTRALIA: The Chairman of Australia and New Zealand Banking Group Limited (ANZ) Paul O’Sullivan today announced that Christine O’Reilly will join the ANZ Board on 1 November 2021 as a non-executive director, subject to meeting regulatory requirements. Ms O’Reilly is one of Australia’s leading non-executive directors and currently serves on the boards of BHP,…
Eight Capital disposes of investment in Finance Partners Group
LONDON, UK: Eight Capital Partners has disposed of its entire investment in Finance Partners Group SpA (FPG) for €2.15 million. FPG is an Italian based financial services business which, amongst other things, takes minority stakes in private companies seeking future listings on public markets. ECP’s holding was originally acquired through the purchase of a €2.0…
Inspired Plc takes Dianne Walker on the Board
LONDON, UK: Inspired Plc announced the appointment of Dianne Walker to the Board as an independent Non-Executive Director with immediate effect. As described in the Group’s Board Changes announcement in May, the Board has sought the appointment of a fourth independent Non-Executive Director who will assume the role of chairing the Audit Committee. Dianne is…
Conduity Capital to acquire Smarttech247 for £33.5 million
LONDON, UK: Conduity Capital has entered into a non-binding heads of agreement to work towards the possible acquisition of Smarttech247, incorporated in the Republic of Ireland as Zefone Limited, for a total consideration of £33.5 million, to be satisfied by the issue of new ordinary shares in Conduity. Smarttech247 is an established global artificial intelligence (AI) based cybersecurity…
Frank Sagnier appointed non-executive chair of nDreams
LONDON, UK: Mercia Asset Management, the proactive, regionally focused specialist asset manager with c.£940million of assets under management, is pleased to note the appointment of Frank Sagnier as Non-executive Chair of portfolio company nDreams Limited. Frank Sagnier’s career in the video games industry spans more than 25 years, having most recently retired from Codemasters Group…
Apax X acquires EveryAction & Social Solutions
LONDON, UK: The Apax X Fund has signed a definitive agreement to acquire majority stakes in EveryAction, an omni-channel engagement platform for non-profits, and Social Solutions, a case management software provider of data-driven insights to non-profit and public sector customers. Apax X announced earlier its investment in CyberGrants in June. Both transactions are expected to…
IOG plc commitment to Net Zero from 2021
LONDON, UK: IOG plc, the UK gas company targeting growth and high returns via an infrastructure-led hub strategy, announced its completion of a comprehensive Emissions Assessment (EA), undertaken by its internal Environmental, Social and Governance (ESG) Taskforce in collaboration with Genesis. On the basis of the EA the Company has committed to Scope 1 &…
THG Plc to acquire Cult Beauty Limited for £275 million
LONDON, UK: THG Plc has agreed to acquire Cult Beauty Limited, the UK based online beauty retailer of prestige and emerging independent brands for a total consideration of £275 million, a news release said. Strategic Impact: · Cult Beauty’s portfolio of emerging and independent 3rd party brands is a compelling addition for THG Beauty, the…