SACRAMENTO, CA – Inszone Insurance Services, a dynamic national provider of a wide range of insurance products, has announced its latest strategic acquisition in Texas, taking over Brazos Valley Insurance Agency. This marks the 15th acquisition in the Lone Star State, underscoring Inszone’s commitment to expanding its market presence in the region. “We are thrilled…
genedrive plc announces multi-tiered shares sale
MANCHESTER, UK: genedrive plc (LSE: GDR), a leader in point-of-care pharmacogenetic testing, has unveiled a comprehensive fundraising initiative aimed at securing approximately £8.1 million. The strategy includes a placing of shares at 1.5 pence each, significantly below the closing price on 8 May 2024, with no underwriting involved. The fundraising is structured into three main…
Alibaba Cloud unveils advanced AI Model Qwen2.5
Alibaba Cloud announced the release of Qwen2.5, the latest iteration of its large language model, which has already seen over 90,000 deployments. Jingren Zhou, the Chief Technology Officer, highlighted the diverse and innovative uses of their models in sectors ranging from consumer electronics to gaming. Zhou expressed enthusiasm for future collaborations, leveraging the burgeoning opportunities…
Happiest Minds Technologies acquires Aureus Tech Systems
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) has announced the complete acquisition of Aureus Tech Systems LLC, a specialized Azure native digital product engineering firm based in the USA. This acquisition marks a significant step for Happiest Minds, allowing it to deepen its expertise in the Insurance, Re-insurance, Healthcare, and Life Sciences sectors. Aureus, known for…
K1 Speed Inc. has acquired Capital Karts in London
LONDON: K1 Speed Inc., the premier indoor electric kart racing brand, announced the acquisition of Capital Karts, the fastest indoor go karting track in the UK, based in London. This significant acquisition enables K1 Speed to continue to accelerate its growth and become a key player in the UK and Europe. K1 Speed was founded…
Apparel Group and Sandbox VR partner to bring Virtual Reality Innovation to the Middle East
DUBAI, UNITED ARAB EMIRATES: Apparel Group, the powerhouse of global fashion and lifestyle retail, has joined forces with Sandbox VR, the leading provider of premium virtual reality experiences. This significant franchise partnership is set to revolutionize the industry with the launch of 25 new locations across the Middle East. The collaboration is built on Apparel…
Boomi acquires API Management businesses of APIIDA and Cloud Software Group
Boomi, a leader in the field, has announced the acquisition of APIIDA’s federated API management business and the API management assets of the Cloud Software Group. This acquisition enables organizations to swiftly and securely deliver business value through API products on an end-to-end platform, accelerating Boomi’s roadmap to address the most pressing API management challenges…
CGG unveils AI Cloud solution powered by NVIDIA for optimized AI and HPC workloads
PARIS: CGG, a renowned leader in technology and high-performance computing (HPC), has unveiled its innovative AI Cloud solution. This advanced platform is engineered to cater to the burgeoning needs of data-heavy sectors such as life sciences, digital media, manufacturing, and geoscience. The AI Cloud is poised to transform how these industries manage their complex and…
Frontier signs deal with Universal Products & Experiences for a 3rd Jurassic World game
LONDON: Frontier Developments plc (AIM: FDEV), a leading developer and publisher of videogames based in Cambridge, UK, signed a licence with Universal Products & Experiences for a third Jurassic World game. Following the major success of Jurassic World Evolution and Jurassic World Evolution 2, which released in June 2018 and November 2021 respectively, Frontier and…
Arecor and Medtronic announce diabetes collaboration
CAMBRIDGE, UK: Arecor Therapeutics plc, a trailblazer in biopharmaceuticals, has joined hands with healthcare technology titan Medtronic plc to forge a path in diabetes care with the development of a pioneering, high-concentration, thermostable insulin. This cutting-edge insulin is set to be a cornerstone of Medtronic’s Diabetes sector, powering a revolutionary implantable pump designed to enhance…
Hysata completes $111 million series B funding round
LONDON: IP Group plc (LSE: IPO), which invests in breakthrough science and innovation companies with the potential to create a better future for all, announced that Australian portfolio company Hysata Pty Ltd completed its US$111m (£91m) Series B funding round. Hysata, which is developing electrolysers to produce green hydrogen at scale with both higher energy…
Watches of Switzerland Group has acquired Roberto Coin Inc. for $130 million
LONDON: On 8 May 2024, the Watches of Switzerland Group (WOSG) signed and completed the acquisition of the entire share capital of Roberto Coin Inc., an associate company of Roberto Coin S.p.A. from Roberto Coin S.p.A., Pilar Coin and Peter Webster, Co-Founder and President of Roberto Coin Inc., for a total consideration of $130 million….