SYDNEY: Carly Holdings Limited (ASX: CL8) announced today it has entered into a non-binding agreement to merge its car subscription business with Carbar Holdings Pty Ltd. This strategic merger will unite two of Australia’s largest and original car subscription platforms. The merger will be executed through the sale of all shares in Carly’s operating entities—Carly…
Infomedia to acquire 50% of European AI startup Intellegam GmbH for €6.1 million
SYDNEY: Infomedia Ltd (ASX: IFM) has announced a binding agreement to acquire 50% of the European AI startup Intellegam GmbH for €6.1 million. The deal aims to accelerate innovation and unlock product-led growth across Infomedia’s global data ecosystem. The partnership will combine Infomedia’s automotive expertise and global OEM relationships with Intellegam’s generative AI technology, enhancing…
Sidetrade and Interpath announce alliance to drive digital transformation
Sidetrade, a leading global provider of AI-powered Order-to-Cash applications, has formed an alliance with international advisory firm Interpath to accelerate digital transformation efforts and help businesses harness AI capabilities more effectively. Interpath, known for its advisory and restructuring services, operates in the UK, France, Ireland, Germany, Austria, Bermuda, Cayman Islands, BVI, and Algeria. The alliance…
CyberArk acquires Zilla Security for $165 million
CyberArk (NASDAQ: CYBR), the global leader in identity security, announced today it has acquired Zilla Security for an enterprise value of $165 million in cash, with an additional $10 million earn-out contingent on milestone achievements. Zilla Security is renowned for its innovative, AI-powered Identity Governance and Administration (IGA) solutions. Zilla’s advanced IGA capabilities will enhance CyberArk’s…
RF Investment Partners acquires S&K Building Services
INDIANAPOLIS: RF Investment Partners, a prominent growth capital investor, announced Thursday the acquisition of S&K Building Services, a company specializing in window washing, pressure washing, and metal/glass restoration services for multi-story commercial properties. This acquisition enhances RF’s portfolio in the essential services sector, which is a key focus for the firm. S&K, headquartered in Indianapolis,…
Commerzbank and Visa form partnership in card business
Commerzbank and Visa have agreed on a strategic partnership in card business. The companies are expanding their existing successful cooperation in payments. In the future, Commerzbank customers will preferentially receive debit and credit cards of the global technology company Visa. The long-term agreement supports Commerzbank’s strategic direction in payments and ensures the Bank’s access to future…
Toys“R”Us ANZ CEO resigns, interim leadership appointed
SYDNEY: Toys“R”Us ANZ Limited (ASX:TOY) has announced the immediate resignation of its CEO, Ms. Penny Cox. The company’s Board of Directors acknowledged Ms. Cox’s contributions since she joined in 2023 and extended their best wishes for her future endeavors. In response to the sudden leadership change, the Board has initiated a search for a new…
CEO Mark Turnbull resigns from Foley Wines Limited
AUCKLAND: Foley Wines Limited [NZX: FWL] announced today that Chief Executive Officer and Director Mark Turnbull has tendered his resignation. Turnbull will step down as a director on February 17, 2025, and as CEO on April 30, 2025. Turnbull joined Foley Family Wines NZ Limited in April 2012 and has served as CEO and director…
Commerzbank to cut 3,900 jobs in Germany by 2028 amid strategic overhaul
FRANKFURT: Commerzbank, Germany’s second-largest lender, announced Thursday it will eliminate 3,900 full-time positions by 2028, primarily in Germany. This move is part of a broader strategic overhaul aimed at maintaining its global headcount at 36,700, despite planned staffing increases in selected international locations. In its strategic update, Commerzbank projected it would incur around 700 million…
Concurrent Technologies joins OTCQX Best Market
LONDON: Concurrent Technologies Plc (AIM: CNC), a leading designer and manufacturer of advanced computer products and mission-critical solutions, announced its approval to trade on the OTCQX Best Market in the United States. Trading under the ticker symbol COTGF, shares will commence on OTCQX today. Concurrent Technologies’ ordinary shares will continue to trade on the AIM…
Centuria Capital acquires $115 million retail centre to launch new fund
BRISBANE: Centuria Capital Group (ASX: CNI), also known as Centuria, has acquired a $115 million large format retail (LFR) centre to launch a new single-asset, closed-ended fund, the Centuria Logan Super Centre Fund. The Logan Super Centre, located 25km south of Brisbane’s CBD, is being purchased at approximately a 22% discount to its replacement cost….
Oso Semiconductor secures $5.2 million in seed funding for next-gen chipsets
Oso Semiconductor, a developer of power-efficient, high-performance, low-cost chipsets for next-generation wireless communication and sensing applications, announced Wednesday it has raised an oversubscribed $5.2 million seed round. The funding round was led by Engine Ventures, with participation from Entrada Ventures, Berkeley SkyDeck, and J-Ventures. The capital will be used to build pre-production beamforming chipsets and…