UTAH: R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions for healthcare providers, has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R), in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by…
Electric Guitar establishes joint venture with Exelia to build new AI-driven products
LONDON: Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company, will launch Marcomms.ai as a UK joint venture with Exelia Technologies Limited. Exelia Technologies is a Cyprus-based software development business with a specialised team of developers proficient in blockchain, machine learning, data processing and AI. Marcomms.ai is a 50:50 joint venture that combines…
Oceana Lithium CEO Caue Araujo resigns
SYDNEY: Oceana Lithium Limited (ASX: OCN) announced that Mr Caue Araujo has tendered his resignation as Chief Executive Officer of the company to pursue other opportunities. Mr Araujo will remain in his role until 10 September 2024 and will continue to assist the Company with its ongoing operations during this period. Mr Araujo’s duties will be assumed,…
Careteq Limited sells Sofihub business to Directed Technologies for $0.58 million
SYDNEY: Careteq Limited (ASX: CTQ) announced the divestment of its Sofihub business for $0.58 million, in cash plus transferring staff entitlements to Directed Technologies Group, with settlement expected to be in the early part of August 2024. The Board has strategically decided to divest the Sofihub business to accelerate its core strategic plan to achieve…
ABHI & Rollee collaborate to promote financial inclusivity for gig workers
Abu Dhabi, UAE: ABHI, an embedded finance platform revolutionizing financial transactions across the MENAP region, has partnered with Rollee, a data infrastructure that provides institutions with users’ risk profiles, to introduce Earned Wage Access for gig workers in the UAE. Through this collaboration, ABHI will leverage alternative data to empower workers with easier and more…
C.H. Robinson sells European Surface Transportation business to sennder Technologies GmbH
C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) has announced to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This move is part of the Company’s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes…
Ofgem retains ban on acquisition-only tariffs
LONDON: Ofgem has announced that rules preventing energy suppliers from offering lower prices exclusively to new customers will remain in place to ensure all households can access the best available deals. The regulator has decided to keep the Ban on Acquisition-only Tariffs (BAT) – which ensures all customers have access to the best deals –…
Canva acquires generative AI company Leonardo.Ai
PERTH: Canva, a world leader in visual communication with more than 190 million monthly active users, today announced plans to acquire Leonardo.AI. “With Leonardo.Ai’s incredible foundational model, and team of 120 high-caliber researchers, engineers, and designers, this acquisition bolsters our ability to supercharge our growing suite of AI products while investing in continued research and innovation…
ACA Group has acquired Encore Compliance
LONDON: ACA Group has announced the acquisition of Encore Compliance, a leader in AI compliance software solutions. This acquisition enhances ACA’s Managed Services suite of people, processes, and technology, adding AI-enabled surveillance for expert network chaperoning and research calls to help asset managers and investment advisors comply with SEC, FCA, and ESMA regulations. Additionally, this…
Altana value chain management system announces $200 million series C investment
NEW YORK: Altana, the world’s first value chain management system, announced a $200 million series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate…
Cepton Inc. to be acquired by KOITO Manufacturing for $3.17 per share
Cepton Inc. (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, has signed a definitive agreement under which KOITO manufacturing co., ltd., a leading automotive tier one supplier, will acquire all of the outstanding capital stock of Cepton not owned by Koito for $3.17 per share in an all-cash transaction. Cepton…
Vicki Sloane appointed CEO of Oxygen Finance
LONDON: TruFin Plc announced that Vicki Sloane has today been appointed CEO of Oxygen Finance. Vicki was previously Oxygen’s Chief Client Officer (“CCO”), having held various roles since joining the organisation in 2012. As CCO she ran the Early Payment division, Oxygen’s largest revenue stream, growing the division by 26% during 2023 and by 29%…