In the ever-evolving landscape of human resources, a new global report by Sage has highlighted a significant trend: HR professionals are increasingly turning to artificial intelligence (AI) to alleviate the administrative burden, streamline time-consuming tasks, and combat burnout. The report, aptly named ‘The Changing Face of HR’, encapsulates the insights of over a thousand HR…
Getty Images has acquired Motorsport Images, bolstering its visual content empire
Getty Images (NYSE: GETY), the renowned visual content creator and marketplace, has announced the acquisition of Motorsport Images, a revered archive in the realm of motorsport photography. This acquisition includes the operative arm LAT Images, along with the Sutton, Schlegelmilch, Colombo, and Dukes Video archives, enriching Getty Images’ already formidable collection. Motorsport Images boasts an…
APC Postal Logistics partners with Shipium to expand ecommerce shipping solutions
APC Postal Logistics, a prominent international shipment consolidator, has joined forces with Shipium, a cutting-edge shipping platform for ecommerce entities. This partnership aims to enhance cross-border distribution capabilities for parcel and mail deliveries, leveraging APC’s strategic locations near major airports and Shipium’s modern technology for operational flexibility. With over two decades of industry leadership, APC…
Praia Health raises $20 million funding to transform health system delivery
Praia Health, a pioneering digital health company, has successfully closed an oversubscribed Series A funding round, raising $20 million. The investment round was led by Frist Cressey Ventures with substantial contributions from SignalFire, Epsilon Health Investors, and Providence Ventures. The influx of capital is set to enhance Praia Health’s platform capabilities, which are aimed at…
Aidium Mortgage CRM secures $19 million in Series A funding
Aidium Mortgage CRM, a pioneer in mortgage technology solutions, has announced the successful completion of a $19 million Series A funding round. The round was spearheaded by PeakSpan Capital, marking a significant vote of confidence in Aidium’s innovative approach to reshaping the mortgage industry. The investment arrives at a critical juncture in the mortgage market,…
RealVNC appoints Henry Seddon as new CEO
RealVNC, a leader in remote access technology, has announced the appointment of Henry Seddon as its new CEO. Seddon, with over 25 years of experience in global tech leadership, is set to drive RealVNC’s expansion and innovation. His previous success includes scaling Access Group’s Hospitality division from £8m to £125m in revenue, making it the…
Axle AI and Cloudian launch hybrid cloud solution for media management
Axle AI, Inc., a leader in AI-powered media search, in collaboration with Cloudian, a pioneer in S3-compatible hybrid data lake platforms, announced today a groundbreaking hybrid cloud solution. This innovation promises to revolutionize media workflows by offering data sovereignty, cost reduction, and simplified management through a single-point, unified media search. The solution allows users to…
GLAS Group acquires Paris-based Pristine, expands European footprint
Global Loan Agency Services Limited (GLAS Group) has completed its first acquisition by taking over Pristine, a Paris-based leader in trust and asset management. The deal, initially agreed upon in August 2023, received the green light after meeting regulatory approvals and closing conditions, culminating in March 2024. Pristine, regulated by France’s Autorité des Marchés Financiers…
Triton completes formation of Assemblin Caverion Group
Triton Investment Advisers LLP has finalized the formation of the Assemblin Caverion Group. The process, completed on April 1, 2024, involved the successful merger of Assemblin Group AB and Caverion Corporation, two former portfolio companies. Crayfish BidCo Oy, under Triton’s indirect control, now holds a commanding 94.39% share in Caverion, excluding treasury shares. This strategic…
Moody’s affirms the long-term deposit and senior unsecured ratings of TBC Bank
LONDON: TBC Bank Group announced that on 28 March 2024, Moody’s Investors Service affirmed JSC TBC Bank’s Ba2 long-term local and foreign currency deposit ratings, as well as senior unsecured rating and revised the outlook from negative to stable. The stable outlook on the senior unsecured and long-term deposit ratings is reflective of the agency’s…
Informatica launches AI-powered cloud data management in Saudi Arabia
Informatica (NYSE: INFA) has announced the launch of its Intelligent Data Management Cloud™ (IDMC) in the Kingdom of Saudi Arabia. This strategic expansion includes the establishment of a new Point of Delivery (PoD) in Riyadh, marking a significant investment in the region’s cloud-first data management services. This initiative is a testament to Informatica’s support for…
Sparxell has raised $3.2 million to develop plant-based pigments
UK-based Sparxell has successfully raised $3.2 million in funding to advance the development and commercialization of sustainable plant-based pigments. These pigments aim to replace synthetic chemicals in various industries, including cosmetics, fashion, and packaging. The funding round saw contributions from the Circular Innovation Fund, supported by L’Oréal, and other notable investors such as SpaceX-backer Future…