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…
TotalEnergies secures offshore exploration licenses in Nigeria after decade-long hiatus
LAGOS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), in partnership with South Atlantic Petroleum, has signed a Production Sharing Contract for two offshore exploration blocks in Nigeria, marking the first international license award in the country in over a decade. The licenses—Petroleum Prospecting Licenses (PPL) 2000 and 2001—were granted following the 2024 Exploration Round conducted by the Nigerian…
Caledonia Investments to sell its minority stake in Stonehage Fleming Family & Partners
LONDON: Caledonia Investments plc said Tuesday it has agreed to sell its minority stake in Stonehage Fleming Family & Partners Ltd., a leading multi-family office, to U.S.-based wealth advisory firm Corient Private Wealth LLC. The transaction, which includes other shareholders, is subject to regulatory approvals in the United Kingdom and other jurisdictions. Completion is expected…
WE.CONNECT acquires Exertis France and Iberia in strategic expansion move
PARIS: French electronics distributor WE.CONNECT said it has acquired 100% of Exertis France SAS and Exertis Iberia, marking a major step in its European expansion strategy. The deal, finalized after exclusive negotiations with Ireland’s DCC Group, includes a recapitalization of both entities by DCC. WE.CONNECT’s financial contribution was symbolic, amounting to one euro. Exertis France…
Everplay Group Plc posts resilient H1 results; Eyes stronger H2 on new game pipeline
Revenue fell to £72.4 million from £80.6 million a year earlier, impacted by the timing of license deals and fewer new title launches LONDON: Everplay Group plc reported a resilient first-half performance for the six months ended June 30, 2025, with adjusted EBITDA margins rising despite a 10% dip in revenue, as the indie game…