SAN DIEGO: E2M Solutions, a leading white-label partner for digital agencies, has acquired UnlimitedWP, a premier white-label WordPress development company. This acquisition positions E2M as the world’s largest white-label WordPress development provider, enhancing services for both companies’ clients. This acquisition is a significant milestone for E2M and UnlimitedWP. E2M will integrate UnlimitedWP’s team of 80+…
CTA Smart raises $3 million growth funding in the latest round
MIAMI: CTA Smart, a leading technology company in the fuel sector, has secured a US$ 3 million investment in a new funding round to boost its international growth. Led by Invisto and Indicator Capital, this investment will support CTA Smart’s expansion into the American market and lay the groundwork for global outreach. Investment Details Indicator…
FRP Advisory Group buys Lexington Corporate Finance for £3.5 million
LONDON: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of Lexington Corporate Finance for a consideration of £3 million plus an additional amount for the net assets acquired on completion of approximately £0.5 million. The total consideration for the acquisition is split between cash of approximately £2.2 million and…
Onward Opportunities Limited acquires minority equity interest in The Mission Group
LONDON: Onward Opportunities Limited (AIM: ONWD), the investment company targeting opportunities in smaller companies within the UK, announced the acquisition of a minority equity interest in The Mission Group plc (TMG), an AIM-quoted digital marketing and communications group. On 10 July 2024, the company acquired 5,797,261 existing ordinary shares of TMG in an on market…
Microsoft and CrowdStrike at the center of global IT outage
A major IT outage caused global chaos, impacting millions of users and businesses. The disruption began when Microsoft users encountered the notorious “Blue Screen of Death,” a critical error that left numerous Windows PCs inoperable. The root cause was identified as a faulty update from cybersecurity firm CrowdStrike, leading to widespread disruptions. The immediate and…
Insurance companies, CDC to establish Pakistan’s first Auto Insurance Repository
KARACHI, PAKISTAN: Leading insurance companies have signed an MoU with the Central Depository Company of Pakistan (CDC) for the establishment of Pakistan’s first centralized auto insurance repository. The CDC will provide the technological support for the creation of an automated repository under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP). The…
Intelligent Ultrasound Group to sell Clinical AI business to GE for £40.5 million
LONDON: Intelligent Ultrasound Group plc (AIM: IUG), the ultrasound AI software and simulation company, has entered into a conditional sale and purchase agreement for the sale of its Clinical AI business to GE HealthCare for an enterprise value of £40.5 million on a cash free/debt free basis. The proposed transaction excludes the NeedleTrainer and NeedleTrainer…
Apax X agrees to sell stake in AffiniPay
LONDON: The Apax X Fund has announced the sale of its minority stake in AffiniPay, a market leader in professional services software and payments serving legal, accounting, architectural, engineering and construction firms, to Genstar Capital and TA Associates. This will result in a full exit of Apax X’s residual stake in AffiniPay following Apax X’s…
Onego Bio secures EUR 14 million in new funding from European Innovation Council
LONDON: Onego Bio Ltd, an Agronomics company, has secured EUR 14 million in new funding from the European Innovation Council Accelerator Program and an additional Series A investor. In April, Onego announced it closed EUR 37 million in its series A round which, including this new capital, brings Onego’s total funding to date to EUR…
ACG Acquisition Company acquires Gediktepe Mine in Türkiye
LONDON: ACG Acquisition Company today announced that it has agreed to the $290 million transaction with Lidya, a subsidiary of Istanbul-based conglomerate Çalık Holding, for the acquisition of 100% of the shares in Polimetal Madencilik Sanayi ve Ticaret A.Ş. and associated sulphide expansion project financing. Polimetal holds mining rights and operates the Gediktepe mine in Türkiye. As…
Complii FinTech to sell Registry Direct business for $3.9 million
SYDNEY: Complii FinTech Solutions has entered into a Non-Binding Term Sheet (NBT) to sell its Registry Direct business unit, which is expected to be completed on 30 September 2024. The business unit will be acquired by Mr Steuart Roe, the Founder and CEO of Registry Direct, in a Management Buy-Out. Mr Roe is also currently…
SPIE signs agreement to acquire 87% of Otto Life Science Engineering GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire c.87% of Otto Life Science Engineering GmbH in Germany. SPIE expects to close the transaction in Q3 2024, subject to customary closing conditions among which German antitrust approval. Gauthier Louette,…