PERTH: Class Limited, a developer of application software, has announced the execution of an agreement to buy 100% of the shares in Assuriti Pty Ltd (Smartcorp) for $4.2 million, adjusted for net assets. The transaction comprises an upfront cash payment of $2.73 million on completion, plus $1.47 million in Class shares escrowed for 18 months….
Facedrive partners with Russell Wilson and Jason LeeKeenan founded Tally Technology
TORONTO: Facedrive Inc., a Canadian tech ecosystem, has completed a sign-and-close definitive agreement to partner and invest in Tally Technology Group Inc., a white-label, free-to-play sports predictions platform founded by Superbowl-winning quarterback Russell Wilson and Jason LeeKeenan. Tally’s sports prediction platform was spun out of TraceMe, a celebrity social media company founded by Wilson and…
Airtel Africa forms strategic partnership with Standard Chartered Bank
LONDON: Airtel Africa, a leading provider of telecommunications and mobile money services, announced a strategic partnership with Standard Chartered Bank, a leading international banking group, to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. Standard Chartered and Airtel Africa will work together to co-create new,…
SmartSpace sells its Enterprise software business for £4.6 million
LONDON: SmartSpace Software plc, the leading provider of ‘Integrated Space Management Software’ for smart buildings and commercial spaces, has completed the sale of its Enterprise software business (Enterprise) to Four Winds Interactive UK Limited, a subsidiary of Four Winds Interactive. SmartSpace has received an aggregate cash consideration of £4.6 million, subject to adjustment following completion…
Chevron makes investment in nuclear fusion start-up, Zap energy
HOUSTON: Chevron Corporation has announced a Series A investment in Zap Energy Inc., a Seattle-based start-up company developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible, and commercially scalable fusion. Chevron Technology Ventures’ investment in fusion is an opportunity to enhance the company’s focus on a diverse portfolio of low-carbon…
GlobeX Data signs agreement with Prime Technology Services in The Bahamas
TORONTO: GlobeX Data Ltd., the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, has signed its second distribution agreement in the Commonwealth of The Bahamas. The agreement was signed with Prime Technology Services Ltd. of Nassau, Bahamas. This is the second distribution agreement signed by GlobeX…
Agility secures over $8mn to expand Anheuser-Busch CNG fleet
OSLO: Agility Fuel Solutions, a business of Hexagon Composites and a leading global provider of clean fuel solutions for medium- and heavy-duty commercial vehicles, received a substantial order from longtime customer Anheuser-Busch. Over 180 new trucks equipped with Agility’s ProCab 175 CNG Fuel Systems will be joining the fleet. The estimated total value of the…
Scope Ratings revises the outlook for Agder Energi’s issuer rating BBB+ from stable to negative
OSLO: German-based rating agency Scope Ratings has today updated the rating report for Agder Energi AS and revises the outlook for issuer’s rating BBB+ from stable to negative. Scope states the outlook change is driven by the increased risk of financial risk profile pressures for a longer period due to low power prices prevailing in…
7digital signs contract with digital platform Triller to power social music video app
LONDON: 7digital Group plc, the global leader in B2B end-to-end digital music solutions, has signed a new contract with Triller Inc. to power the world’s fastest growing social music video app with its Music Platform-as-a-Service offering. Triller is an AI-powered app that allows users to choose their favourite music to create auto-edited, professional-quality videos which…
Helios Towers agrees to acquire Free Senegal’s passive infrastructure assets for €160 million
LONDON: Helios Towers plc, the independent telecommunications infrastructure company, has signed an agreement with Free Senegal to acquire its passive infrastructure assets, for an upfront cash consideration of €160 million, a news release said. This represents an enterprise value of €178m including an estimated €18m of taxes and capitalised ground leases. Deferred consideration and growth…
‘We Need More Transparency On Covid Data’
LONDON: Government policy in the four UK parliaments, and in the Republic of Ireland, is implicitly based on the assumption that there is a high level of Covid-19 transmission in pubs. This approach by governments is obvious since pubs have been among the last to open, after the various lockdowns finished. Pubs can be crowded,…
SGX and Israel Securities Authority agree to cooperate to enhance investor protection for dual listings
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and the Israel Securities Authority (ISA), the national securities regulator, have agreed to cooperate to enhance protection for investors in issuers dual listed on Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE). The regulatory cooperation will enable SGX RegCo and ISA to exchange information, and enhance how both regulators…