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…
Brookfield Infrastructure sells North American District Energy Business for $4.1 Billion
BROOKFIELD: Brookfield Infrastructure has completed the sale of 100% of its North American district energy business, Enwave. The business has been divested through two separate transactions for total consideration of $4.1 billion on an enterprise value basis. Enwave’s Canadian business was acquired by Ontario Teachers’ Pension Plan Board and IFM Investors on June 7, 2021,…
Pakistan witnesses highest ever electric power generation during FY21
§ Power generation is up by 8.1% YoY to 14,361 GWh (19,946 MW) during Jun’21, compared to 13,288 GWh (18,455 MW) during Jun’20. The rise in generation is witnessed due to higher generation on Nuclear, FO and Coal. § Major contributors during Jun’21 were Hydel (Share: 29%), RLNG (Share: 19%), Coal (Share: 18%), Nuclear (Share:…
Semiconductor shortage: Intel to acquire GlobalFoundaries in $30 billion deal
NEW YORK: Intel Corp is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported. A deal could help Intel ramp up production of chips at a time demand is at its peak and the company is looking to start producing chips for car makers that have struggled to keep operations running…
Pakistan receives 1.23 million doses of AstraZeneca vaccine
ISLAMABAD: Pakistan today received 1.236 million doses of COVID-19 Vaccine AstraZeneca through COVAX. COVAX, co-led by the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi (the Vaccines Alliance), and the World Health Organization, is a global initiative that works with governments and manufacturers to ensure COVID-19 vaccines are available worldwide to both higher-income and lower-income countries. Sameh Elfangary,…