PARIS, FRANCE: VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement to acquire NWP HoldCo LLC, the company that holds the concession contract of Denver’s Northwest Parkway, a 14-km section of the city’s ring road in Colorado. The deal involves the purchase of 100% of the concession company, which is currently owned by…
CBRE acquires J&J Worldwide Services
CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm, has completed its acquisition of J&J Worldwide Services, a company that specializes in engineering services, base support operations and facilities maintenance for the U.S. federal government. The deal, which was announced today by CBRE and Arlington Capital Partners, the private investment…
CVC Asis Pacific raises offer for APM to $2.00 per share
SYDNEY: CVC Asia Pacific Limited (CVC) has increased its offer for APM Human Services International Limited (APM) to $2.00 cash per share, up from $1.60, in a bid to acquire the human services provider by way of a scheme of arrangement. APM’s board has agreed to grant CVC a four-week period of exclusivity to 27…
Gentrack reports 36.4% surge in revenues to $169.8 million in 2023
AUCKLAND: Gentrack, a leading provider of software solutions for utilities and airports, announced its financial results for the year 2023, showing impressive growth in revenue, EBITDA, cash, and net profit. The company also highlighted its strategic achievements, such as launching its new g2.0 platform, winning new customers in the Middle East, Southeast Asia, and Europe,…
Vista Group reports strong growth and cloud adoption in 2023
The cinema software company posted a 25% increase in EBITDA and a 6% increase in revenue, driven by its cloud-based solutions and new client signings. WELLINGTON: Vista Group International Limited (NZX & ASX: VGL), a leading provider of cinema management, film distribution and customer analytics software to the global film industry, announced its full year…
Codified raises $4M to launch AI-powered Data Governance platform
Codified, a startup that aims to simplify data governance with generative AI, announced today that it has raised $4M in seed funding. The round was co-led by Madrona Ventures and Vine Ventures, with participation from Soma Capital and several angel investors. Codified also added two prominent advisors to its board: Ali Ghodsi, founder and CEO…
Volvo Group invests in Zacua Ventures, a global fund for green construction tech
Volvo Group Venture Capital AB has joined Zacua Ventures Builders Fund I, L.P., a global venture capital fund that supports early-stage technology start-ups in the construction industry. The fund focuses on emerging technologies that can reduce carbon emissions and improve efficiency in the sector. Zacua Ventures was founded in 2022 and operates in North America,…
How to Bridge the Generational Gap in Tech Adoption
Technology is a powerful tool that can enhance the work of any employee, regardless of their age. However, some workers may face more challenges than others when it comes to adopting new software and devices. How can businesses foster a culture of inclusive tech adoption that respects the preferences and needs of all generations? The…
How Gen AI is Changing the Game for Business Transformation
Gen AI, or Generation AI, is the term used to describe the wave of artificial intelligence (AI) applications that are becoming accessible and affordable for businesses of all sizes and sectors. Gen AI is not just a buzzword, but a powerful force that can democratize AI and flatten decision-making structures. In this blog post, we…
Qatar launches $1 billion fund to boost venture capital and start-ups in the region
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), has announced a new initiative to invest over $1 billion in venture capital funds that focus on the region’s emerging start-up ecosystem. The initiative, called the venture capital “Fund of Funds”, was launched by Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani at the Qatar Web…
Hoteles BESTPRICE reports record revenue and growth in 2023
PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022. The hotel…
PUMA to become the new kit supplier of RB Leipzig
PUMA, one of the world’s leading sports brands, has signed a long-term partnership with Bundesliga football club RB Leipzig, starting from the 2024/25 season. PUMA will supply kits to all men’s, women’s and youth teams, as well as the club’s esports team. RB Leipzig, also known as the Red Bulls, has been a rising force…