SAN FRANCISCO: Airwallex, a global financial technology firm, said Wednesday it has acquired OpenPay, a San Francisco-based billing platform specializing in subscription management, payment orchestration and revenue analytics. The acquisition aims to integrate OpenPay’s capabilities into Airwallex’s global infrastructure, enabling businesses to automate and scale recurring revenue across borders. Financial terms of the deal were…
Hoffmann Green Cement reports strong H1 2025 growth amid strategic expansion
Net loss widened to €8.4 million, impacted by increased operating costs and depreciation PARIS: Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR), a pioneer in clinker-free cement innovation, reported an 8% year-on-year revenue increase for the first half of 2025, driven entirely by cement sales. The Company’s Supervisory Board reviewed and approved the half-year financials…
Empower Media and Ocean Media Merge to Form second-largest independent agency group in U.S.
NEW YORK: Empower Media and Ocean Media, two of the nation’s leading independent media agencies, have merged to form Empower Ocean Media Group, now the second-largest full-funnel independent media agency group in the United States. The newly formed entity will manage $1.5 billion in combined media billings, according to a statement. The merger brings together…
Hilton Foods reports 10.4% revenue growth amid inflationary pressures
Adjusted profit before tax edged up 0.3% to £33.6 million LONDON: Hilton Foods on Wednesday reported a 10.4% rise in revenue on a constant currency basis for the 26 weeks ended June 29, 2025, driven by strong retail meat and convenience sales across all regions despite inflationary headwinds. Volume rose 2.5% year-on-year to 267,405 tonnes,…
Metronet acquires US Internet to expand fiber footprint in Minneapolis
MINNEAPOLIS: Metronet, recently acquired by a joint venture between T-Mobile and KKR, announced Wednesday it has purchased US Internet (USI), a Minnetonka-based fiber provider serving more than 140,000 homes and businesses in the greater Minneapolis area. Terms of the deal were not disclosed. USI operates a 100% fiber network offering symmetrical internet speeds up to…
Cirata reports strong data integration growth, narrows losses in H1 FY25
Company completed the divestiture of its DevOps assets to BlueOptima in August LONDON: Cirata Plc (LSE: CRTA) reported a 41% year-over-year increase in revenue to $4.8 million for the six months ended June 30, 2025, driven by surging demand for its Data Integration (DI) solutions. The company also narrowed its adjusted EBITDA loss to $4.0…
Global Indemnity’s subsidiary acquires Sayata to boost AI-driven insurance distribution
PHILADELPHIA: Global Indemnity Group, LLC (NYSE: GBLI) announced Wednesday that its subsidiary, Penn-America Underwriters, LLC (PAU), has acquired Sayata, an AI-powered digital distribution platform for commercial insurance. The acquisition aligns with GBLI’s strategic reorganization of PAU to focus on agency and insurance services. Sayata’s integration is expected to accelerate PAU’s roadmap by expanding distribution channels,…
Videndum to sell JOBY Brand to VIJIM, refocuses on professional market
LONDON: Videndum plc, a global provider of premium hardware and software solutions for content creators, said Wednesday it has agreed to sell its consumer-focused JOBY brand to VIJIM, a manufacturer of camera and smartphone accessories. The transaction, for an undisclosed sum, aligns with Videndum’s strategy to concentrate on its core professional markets. Proceeds from the…
Pluxee has acquired Skipr, an employee mobility solutions company
PARIS: Pluxee, a global player in Employee Benefits and Engagement, today announced that it completed the acquisition of 100% of Skipr, an innovative and fast-growing Belgian company providing employee mobility solutions. This acquisition represents a further step in advancing Pluxee’s strategic growth plan in Continental Europe and the execution of its disciplined M&A approach, enabling…
WAM Alternative Assets delivers 8.9% annual return, urges shareholders to reject liquidation proposal
SYDNEY: Wilson Asset Management’s WAM Alternative Assets (ASX: WMA) reported an 8.9% annualised return since its appointment as investment manager in October 2020, outperforming public markets with lower volatility, according to its FY2025 results released Tuesday. The listed investment company (LIC), which offers retail investors access to institutional-grade alternative assets, posted a 5.3% portfolio gain…
Identitii sells remaining Payble Pty Ltd stake to fund BNDRY expansion
SYDNEY: Identitii Ltd. (ASX:ID8) has sold its remaining stake in Payble Pty Ltd to OIF Ventures for A$1.6 million, securing non-dilutive capital to accelerate the rollout of its BNDRY compliance platform. The funds will support Identitii’s go-to-market strategy, with immediate focus on its Cherryhub partnership targeting Australia’s clubs and pubs sector. The move follows heightened…
COG Financial Services has agreed to acquire EasiFleet for $40 million
SYDNEY: COG Financial Services Ltd. (ASX: COG) has agreed to acquire EasiFleet Pty Ltd, a salary packaging and novated leasing provider, for $40 million through its subsidiary Paywise Pty Ltd. The deal values EasiFleet at six times its FY25 EBITDA on a post-synergies basis. The acquisition strengthens COG’s national footprint, adding government contracts across Western…