LUXEMBOURG: Corporación América Airports, the largest private sector airport operator in the world by number of airports, has reported a 98.3% decline year-over-year passenger traffic in April 2020. Total passenger traffic in April 2020 dropped 98.3% YoY, primarily reflecting continued travel restrictions imposed by governments, aiming to contain the spread of the COVID-19 pandemic. International…
Video game developer Sumo Group acquires Lab42 Limited for $0.6 million
LONDON: Sumo Group, the provider of creative and development services to the video games and entertainment industries, has acquired Lab42 Limited, a cross-platform work for hire studio, providing co-development and full game development services, for a total cash consideration of $0.6 million. The acquisition supports Sumo Group’s growth strategy through increased capacity, adding 29 people,…
D4t4 Solutions launches Celebrus machine learning solution
LONDON: D4t4 Solutions Plc, the AIM-listed data solutions provider, launched Celebrus Version 9.2 with newly embedded machine learning (ML) and natural language processing (NLP) capabilities. Celebrus, D4t4’s enterprise software solution, captures and instantly activates data across all digital channels to enable customer analytics and hyper-personalisation through one-to-one marketing in real-time. Celebrus is the first solution…
RAM Ratings maintain ratings for FHT sponsored medium-term notes
SINGAPORE: RAM Rating Services Berhad has maintained ratings for the Frasers Hospitality Trust’s sponsored RM 477.48 million medium term Notes Series 2019-A issued by Notable Vision Sdn. Bhd. under NVSB’s RM750 million Medium Term Note Programme. The Notes Series 2019-A were issued in connection with the securitisation of The Westin Kuala Lumpur, one of the…
Peter Duffy appointed CEO of Moneysupermarket.com Group
LONDON: Moneysupermarket.com Group has announced the appointment of Peter Duffy as Chief Executive Officer. Peter will succeed Mark Lewis who, as announced in February, is stepping down as CEO. Peter Duffy is currently CEO of Just Eat Limited and before that was Chief Commercial Officer at easyJet and Marketing Director of Audi UK. Peter started…
Singapore Exchange and Economic Society launch essay competition on capital markets of the future
SINGAPORE: Singapore Exchange (SGX) and the Economic Society of Singapore (ESS) have partnered to launch the SGX-ESS Essay Competition that encourages participants to analyse and debate on how the networks and mechanisms of price formation are likely to evolve in the future. Markets are collections of individual sellers and buyers determining the prices of goods…
MelodyVR develops new content studio and launches music series ‘Live from LA’
LONDON: EVR Holdings plc, the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, announced the launch of Live from LA, a new live music series delivered directly into fans’ homes around the world, broadcast from MelodyVR’s brand-new studio location in Los Angeles. Starting Saturday with an exclusive show from global…
Gresham House appointed investment manager to SEC
LONDON: Gresham House Asset Management Limited (GHAM) and Strategic Equity Capital plc (SEC) have entered into an investment management agreement whereby GHAM will become SEC’s new investment manager and alternative investment fund manager. The appointment will be effective from 21 May 2020. It remains the intention that Aberdeen Standard Gresham House Investment Management Limited, the…
CoStar Group agrees to acquire Ten-X Commercial for $190 million
WASHINGTON: CoStar Group Inc., the leading provider of commercial real estate information, announced plans to acquire Ten-X for $190 million in cash. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the large volume of distressed commercial real estate assets that came on the market during the…
AWS announces major enhancements to Amazon Macie
SEATTLE: Amazon Web Services Inc. (AWS), an Amazon.com company, announced a series of major enhancements to Amazon Macie, delivering important new features, greater availability worldwide, and substantially reduced pricing. The new features include updated machine learning models for more accurate detection of Personally Identifiable Information (PII), support for customer-defined data types, and native multi-account management…
Pexip listed on the Oslo Stock Exchange after the first fully-virtual IPO in Norway
OSLO: Pexip Holding, a video communications provider, was today listed on the Oslo Stock Exchange trading under the symbol PEXIP. Around the world, countries are in lockdown to prevent the spread of the Covid-19 virus, creating a surge in remote work and unprecedented demand for video conferencing. Organizations are relying on Pexip’s video platform to…
Medherant partners with Cycle Pharmaceuticals to develop new products
LONDON: Medherant Ltd, the transdermal drug delivery company, has entered into a partnership with Cycle Pharmaceuticals to develop new products using Medherant’s proprietary TEPI Patch technology. Mercia Asset Management PLC holds a 30.1% direct stake in Medherant Ltd. Under the terms of the partnership, Medherant will receive an initial upfront licence payment with an additional…