LONDON: Asimilar Group plc, company focused on technology opportunities has agreed to purchase Intrinsic Capital (Jersey) Limited (ICJL), a news release said. Asimilar Group plc is investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT). ICJL is a Jersey incorporated company that is…
Emirates and Clark International Airport celebrate landmark one-off A380 service
DUBAI: The iconic Emirates A380 made a one-off service to Clark International Airport Friday, becoming the first commercial flight, utilizing the iconic aircraft, to operate to the Luzon-based airport. The special A380 service from Dubai to Clark and operating as EK2520, took off from Dubai International Airport at 02:40 and landed in Clark at 15:23…
Samsung Electronics’ second production line in Pyeongtaek commences mass production
SEOUL: Samsung Electronics Co. announced that its second production line in Pyeongtaek, Korea, has commenced mass production of the industry’s first 16-gigabit (Gb) LPDDR5 mobile DRAM, using extreme ultraviolet (EUV) technology. Built on Samsung’s third-generation 10nm-class (1z) process, the new 16Gb LPDDR5 boasts the highest mobile memory performance and largest capacity to enable more consumers…
US based venture capital fund SOSV backs ecommerce platform PriceOye.pk
KARACHI: PriceOye.pk, Pakistan’s leading e-commerce platform, has raised an undisclosed amount of funding in its ongoing Pre-Series A round led by the US-based venture capital fund SOSV, a news release said. Last year, the company announced its seed funding round led by Fatima Ventures. “Pakistani consumers are ready for world-class online shopping experience, and PriceOye.pk…
Pakistan LNG Ltd invites bids for October LNG supply
KARACHI: State run Pakistan LNG Limited (PLL) has invited bids from international suppliers for supply of two Liquefied Natural Gas (LNG) cargoes on delivered ex-ship basis at Port Qasim Karachi. Cargo of 140,000 cubic meters each is required to be delivered on October 12-13, 2020 and October 19-20, 2020. The last date of submitting the…
Morpho establishes smartphone business subsidiary in Taiwan
TOKYO: Morpho Inc. announced that the establishment of “Morpho Taiwan”, a 100% owned local subsidiary, with the aim of strengthening its business foundations in the fields of smartphones, video surveillance, and industrial IoT in Taiwan. “In the smartphone business, which is the main business of the Morpho Group, we have expanded business in Taiwan in…
Tesserent Limited signs agreement to acquire Ludus Cybersecurity
MELBOURNE: Tesserent Limited (TNT) announced the strategic acquisition of Ludus Cybersecurity with the signing of a Share Purchase Agreement executed between both parties. Ludus, headed up by industry-renowned cybersecurity expert, George Stewart, will be absorbed by Tesserent’s Canberra-based North Security to further enhance TNT’S strong Government offering, backed by the Federal Government’s recently announced $1.67B…
Rizk Ventures launches national self-storage platform SpareBox Storage
NEW YORK: Rizk Ventures LLC is launching SpareBox Storage, a national self storage platform focusing on consolidating the highly fragmented and attractive self-storage market across the US, a news release said. Rizk Ventures, a special situation operating and investment platform with a focus on real estate, technology and healthcare, owns and operates more than 10…
Tata Communications and Blackbird to launch cloud-based video editing services
LONDON: The developer and seller of the market-leading cloud video editing platform, Blackbird Plc has partnered with Tata Communications, to launch its cloud-based video editing services for live video to the media & sports industry. Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy. The company is leading the technology disruption…
Jobvite launches AI Innovation Lab to deliver recruitment insights
INDIANAPOLIS: Jobvite has announced the launch of the AI Innovation Lab, empowering talent acquisition leaders to better understand recruitment data and improve recruiting results. Jobvite’s AI Innovation Lab is comprised of Jobvite’s experienced data science team that not only develops new product capabilities but also delivers innovative analysis and insights to help companies achieve better…
Trident Royalties acquires package of prospective gold royalties in Western Australia
LONDON: Trident Royalties’ wholly owned subsidiary TRR Services Australia Pty Ltd has entered into a binding agreement with Talga Resources Limited to acquire a package of existing gold royalties covering four projects located in the prospective Pilbara and Yilgarn regions of Western Australia, Australia. The Royalty Package is being acquired for a total consideration of…
ConsumerMedical acquires virtual second opinion innovator InfiniteMD
BOSTON: Clinical advocacy and decision-support company ConsumerMedical has acquired InfiniteMD (IMD), a news release said. InfiniteMD is a technology-leading virtual Expert Medical Opinion (EMO) firm recognized for its innovative platform and network of elite providers and specialists. “This acquisition streamlines the delivery of critical, expert medical guidance that will give our participants facing serious and…