SYDNEY: Rio Tinto has announced a strategic partnership with Founders Factory, a leading global venture studio. This collaboration is set to fuel the development and commercialization of pioneering technologies, marking a significant commitment by Rio Tinto to enhance the mining industry’s efficiency and sustainability. Over the next three years, Rio Tinto will channel A$14.4 million…
Entrust has completed the acquisition of Onfido
LONDON: Entrust has completed the acquisition of Onfido, a portfolio investment of the Augmentum Fintech plc (LSE: AUGM). Augmentum’s understanding of the terms of the transaction implies a valuation of the Company’s investment in Onfido at £10.1 million (30 September 2023: £9.7 million representing 3.6% of the value of the portfolio). Augmentum Fintech initially invested in…
Procurement Sciences AI raises $10 million in series A funding
Procurement Sciences AI (PSci.AI), a veteran-founded company specializing in generative AI tools for government contracting, announced a successful $10M Series A funding round today. The investment was spearheaded by Battery Ventures, with additional contributions from Tower Research Capital, K Street Capital, and Blu Ventures. The funding will enhance PSci.AI’s platform, which promises to revolutionize the…
AMD launches adaptive SOCs Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2
NUREMBERG, GERMANY: AMD (NASDAQ: AMD) announced the expansion of the AMD Versal adaptive system on chip (SoC) portfolio with the new Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI inference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems. These…
Back-Track acquires Upstrem Holding
Back-Track, a subsidiary of BUYBOX, LLC, has acquired Upstrem Holding Co., LLC, a leader in Return and Resell technology solutions. This acquisition merges Upstrem’s innovative technology with Back-Track’s operational prowess in recommerce, promising to deliver optimal recovery for eCommerce customer returns. The union is set to create a powerhouse in the recommerce industry, with a…
Unipart posts 14.2% increase in revenues surpassing £1bn for the first time
OXFORD, ENGLAND: Unipart, the supply chain solutions and performance improvement technologies partner, delivered a strong year of growth and expansion in 2023. Group turnover increased to £1,047.9m (2022: £917.3m), delivering underlying Group profit before interest and tax to £21.7m (2022: £12.2m). Unipart’s international regions delivered strong profit growth, with the UK business showing solid progress…
IDI acquires a majority stake in the capital of EXSTO
PARIS: A leading player in private equity in France, IDI announced the acquisition of a majority stake in the capital of EXSTO, a French group that is a leader in the high-performance elastomer sector. Founded in 1976 and based in Romans-sur-Isère, EXSTO specializes in molded and/or machined high-performance elastomer solutions for critical domains. The group…
JTC Plc (LON:JTC)
JTC Plc is a global professional services business that specializes in funds, corporate, and private client services. It’s known for its expertise in administering both closed and open-ended funds across various jurisdictions, including Jersey, the US, the UK, and others. The company is publicly listed and operates with a strong emphasis on shared ownership, investing…
The Ultimate Gaming Companion: Logitech G PRO X 60 LIGHTSPEED Keyboard
In the realm of competitive gaming, every millisecond and every movement counts. Enter the Logitech G PRO X 60 LIGHTSPEED Gaming Keyboard – a game-changer that’s been turning heads in the esports community. “The PRO X 60 is the perfect fit for players who need a keyboard that can adapt to any setup and condition….
Air Liquide expands homecare services in Belgium and Netherlands
PARIS: Air Liquide has acquired homecare entities in Belgium and the Netherlands, supporting 10,000 patients with chronic conditions. The €10 million turnover operation adds to the Group’s existing support of 2 million people worldwide and aligns with its focus on Home Healthcare as a priority development area. The acquisition includes VitalAire, Air Liquide’s Home Healthcare…
Everest Global buys 33% of Ace Jumbo Ventures
LONDON: Everest Global plc announced that on 08 April 2024 it entered into a share purchase agreement (SPA) with Giga Treasure Limited to acquire 33 per cent of the issued share capital of Ace Jumbo Ventures Limited for US$20,000 in cash. Ace Jumbo Ventures is the parent company of Giga (Hong Kong) Limited, a company…
JTC plc reports 28.7% increase in revenues in 2023
LONDON, UK: JTC plc has delivered an outstanding financial report for the year ended December 31, 2023, indicating another year of exceptional performance and positive momentum heading into 2024. The company’s revenue saw a significant increase of 28.7%, driven by a record net organic growth of 19.9%. The underlying EBITDA also grew by 30.1%, reaching…