LONDON, UK: Spirent Communications plc, a leading provider of test and automation solutions, announced today that it has secured a $15 million contract with a global retail and investment bank to automate its lab and testing capabilities. The deal, which includes $12 million upfront and $3 million for additional services, will enable the bank to…
GSTechnologies signs option agreement to acquire 60% of EasySend Ltd
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into an option to purchase agreement to acquire 60% of the share capital of EasySend Ltd, a Northern Ireland incorporated company operating a cross-border payments business. EasySend is a Financial Conduct Authority (FCA) approved Authorised Payment Institution (API), conducting cross-border payment services. EasySend has a current estimated…
Significance of Facial biometrics in the Financial Institutes
Companies must provide a seamless experience to their clients so that they can retain them for extended periods. They must ensure that the products and services meet the client’s demands. The increased dependence on digital media has increased the number of scams. The biometric systems mitigate these issues by granting access to only real individuals,…
IMCD N.V. agrees to acquire Guangzhou RBD Chemical
ROTTERDAM: IMCD N.V. has signed an agreement to acquire the business of the speciality distribution company Guangzhou RBD Chemical Co., Ltd. in China (RBD). Established in 2004, RBD focuses mainly on the lubricant additives and represents leading global suppliers. It is based in Guangzhou, China, and generated a revenue of approximately CNY 75 million (ca….
Domo Broadcast Holdings to acquire Wave Central LLC for upto $21.3 million
SYDNEY, AUSTRALIA: The Codan Group’s subsidiary Domo Broadcast Holdings has entered into a binding agreement to acquire 100% of the shares of Wave Central LLC, with completion to occur on 1 December 2023. Wave Central’s founders and senior management have all joined Codan’s Tactical Communications Broadcast division, Domo Broadcast, and will remain in the Wave…
Why Your Business Needs a Good Content Strategist
The role of a content strategist can be described as a silent architect behind a brand’s success. Their expertise reaches various fields of your business, and with strategic planning, they ensure that every piece of content corresponds with the audience and aligns with your business goals. Curious about how a content strategist can improve your…
Jubilant Foodworks offers to acquire DP Eurasia at the rate of 85 pence/share
LONDON: Jubilant Foodworks Netherlands B.V., a wholly owned subsidiary of Jubilant Foodworks Limited, announces its intention to make an offer for the entire issued and outstanding ordinary share capital of DP Eurasia N.V. not already owned by Jubilant Foodworks at 85 pence per DP Eurasia Share. Jubilant Foodworks intends to make an all-cash offer for…
Toyota and affiliates to sell $4.7 billion stake in Denso
Toyota Motor and two of its group companies plan to sell about 10% of their shares in Denso, a major supplier of automotive components, by the end of the year, Reuters reported on Tuesday. The stake is worth about $4.7 billion at current market prices, making it the second-largest share offering in Japan this year…
Nighthawk and Moneta Gold to merge and create a leading gold development company
Nighthawk Gold Corp. and Moneta Gold Inc. have announced an at-market merger deal, in which Moneta will acquire all of Nighthawk’s shares in exchange for its own shares. The resulting entity, MergeCo, will own two large-scale gold projects in Canada: the Tower Gold Project and the Colomac Gold Project. The merger will require the approval…
Europe’s tech industry investment plunges amid high interest rates, economic uncertainty
Europe’s tech industry faced a challenging year in 2023, as venture capital investment plunged by half amid high interest rates and macroeconomic uncertainty. However, some sectors, such as artificial intelligence and climate tech, managed to attract significant funding and talent, showing the resilience and diversity of the region’s innovation ecosystem, according to CNBC. The funding…
Accenture to buy Italian AI firm Ammagamma
Accenture, a global professional services company, has announced its plan to acquire Ammagamma, an Italy-based firm that specializes in AI and generative AI technologies. The deal is part of Accenture’s $3 billion investment to help clients transform their businesses through AI. Ammagamma, founded in 2013, has a team of 90 AI experts with diverse backgrounds…
Shein eyes US expansion with $90 billion IPO plans amid criticism
NEW YORK: Shein, the Chinese online fashion giant that has taken the world by storm with its ultra-fast and ultra-cheap clothing, is preparing to go public in the United States, as it also seeks to expand its offline presence through a partnership with Forever 21. Shein has reportedly filed for an initial public offering (IPO)…