PERTH: Vonex Limited, telecommunications innovator, has achieved strong growth in annualised recurring revenue (ARR) $9 million as at the end of Q1 FY20. ARR excludes one-off sales revenue and does not factor in net churn as the business continues to deliver positive net growth in active users. The Company is well-positioned to continue growing its…
Global smartwatch shipments leap to 14mn units in Q3
BOSTON–(BUSINESS WIRE)–According to the latest research from Strategy Analytics, global smartwatch shipments grew an impressive 42 percent annually to reach 14 million units in the third quarter of 2019. Apple Watch maintained first position with 48 percent global smartwatch marketshare, while Samsung held second place, and Fitbit clung on to third. Steven Waltzer, Senior Analyst…
AM Best affirms credit ratings of Atradius Seguros de Crédito, S.A.
MEXICO CITY: AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” and the Mexico National Scale Rating of “aaa.MX” of Atradius Seguros de Crédito, S.A. The outlook of these Credit Ratings (ratings) is stable. Atradius Mexico is a member of the Atradius group, which…
S&P affirms credit ratings of Taiwan Semiconductor Manufacturing
HONG KONG: S&P Global Ratings has affirmed its ‘AA-‘ issuer credit ratings on Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). S&P also revised liquidity assessment on the company to strong from exceptional. TSMC’s plan to accelerate investments in advanced 7 nanometer (nm) and 5nm process technology should help it maintain its technology leadership, support faster growth…
S&P affirms South Korea ‘AA/A-1+’ ratings with stable outlook
SINGAPORE: S&P Global Ratings affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Korea. The outlook is stable, which reflects expectation that geopolitical risks in the Korean peninsula will not escalate to the point of hurting Korea’s economic fundamentals over the next two years. Beyond the outlook horizon, Korea’s economic…
Induction healthcare acquires Horizon Strategic Partners for £2.5 million
LONDON: Induction Healthcare Group PLC has acquired Horizon Strategic Partners Limited. Under the terms of the acquisition, the Group will purchase Horizon for a total consideration of up to £2.5 million, comprising an initial payment of £1 million and deferred contingent consideration of up to £1.5 million which can be settled for cash and Induction…
Vilma appointed CEO of Maxima International Sourcing
LONDON: Vilma Drulien becomes the CEO of the Maxima Grup’s subsidiary MAXIMA International Sourcing. Being a member of the company’s board, Vilma Drulien will also continue to serve as a Chief Commercial Officer and a member of the board at Maxima LT. The new CEO of MAXIMA International Sourcing replaces Gintaras Jasinskas, who managed the…
Etalon completes Schastye v Lianozovo residential complex
MOSCOW: Etalon Group Plc has completed the Schastye v Lianozovo residential complex in the north of Moscow. The project has a total NSA of 8 ths sqm, including 6 ths sqm of residential area. Etalon is one of Russia’s largest and longest-established development and construction companies. Schastye v Lianozovo is a modern comfort-class building with…
Oakum Cannabis plants first crops using RotoGro Systems
MELBOURNE: Oakum Cannabis Corporation has planted its first cannabis crops using RotoGro’s Rotational Hydroponic Garden Systems. Oakum was recently awarded its Health Canada cultivation license and commenced planting its first cannabis crops using the RotoGro Systems. Oakum is extremely excited to begin its commercial operations with the RotoGro Systems to achieve industry-leading results in both…
Raife Watson appointed CEO of Nvoi
SYDNEY: Nvoi Limited has announced the appointment of Raife Watson as Chief Executive Officer. This appointment follows the Company’s recent announcement of its new growth strategy and strategic partnership with CareerOne. Raife will lead Nvoi in this new direction, bringing together his deep industry experience and key employer networks to launch and grow its business….
Cellmid’s Advangen signs trading agreement with Priceline
SYDNEY: Cellmid Limited’s wholly owned subsidiary, Advangen International Pty Ltd has entered into a national trading agreement with API for the ranging of its évolis Professional anti-aging hair care products in approximately 400 Priceline Pharmacy stores around Australia. The products are expected to be available in stores from November 2019. The agreement is expected to…
Bass Oil commences production from Bunian Field
SYDNEY: Australia’s Bass Oil Limited has announce that the Bunian 5 well has commenced production testing from the TRM 3 sandstone, one of the two productive oil reservoirs in the well. The well averaged 1128 barrels of oil per day with a two percent water cut. Production was recorded on a fully open choke with…