How Intel Xeon Next-Gen Processors and Intel Infrastructure Power Manager Software Boost 5G Core Efficiency and Sustainability Intel has announced two major updates to help network operators scale their 5G core networks with energy efficiency and lower TCO: the preview of Intel Xeon next-gen processors, code-named Sierra Forest, with up to 288 Efficient-cores (E-cores), and…
NTT DATA and Schneider Electric launch edge computing solution with Private 5G and AI
NTT DATA, a global leader in IT infrastructure and services, and Schneider Electric, a pioneer in digital transformation for energy management and automation, have announced a strategic partnership to deliver a unique edge computing solution that integrates Edge, Private 5G, IoT, and Modular Data Centers. The solution, which combines NTT DATA’s Edge as a Service…
Driscoll’s acquires significant stake in Costa Group
Driscoll’s, the global leader of fresh berries, has become a critical strategic partner in a consortium that has acquired Costa Group, Australia’s largest grower, packer and marketer of fresh fruit and vegetables. The consortium, led by Paine Schwartz Partners and including British Columbia Investment Management Corporation, has completed the purchase of Costa, which has a…
ServiceNow acquires Atrinet’s NetACE to boost telco network automation
ServiceNow, the leading digital workflow company, has announced it has signed an agreement to acquire NetACE, a network management and automation technology from Atrinet, to accelerate business transformation for telecommunications companies (telcos). The acquisition will enable ServiceNow to provide end-to-end network lifecycle management for telcos on a single, AI-first digital workflow platform. ServiceNow will integrate…
Alcoa Corporation offers to buy Alumina Limited in a share swap deal
SYDNEY: Alcoa Corporation has made a conditional offer to buy all the shares of Alumina Limited through a share swap deal, a financial news announcement noted. Alumina shareholders would receive 0.02854 Alcoa shares for each Alumina share they own. This offer values Alumina at 13.1% higher than its closing price on 23 February 2024, and…
Iress sells Platform business to Praemium for up to $21m
SYDNEY: Iress (IRE.ASX) has announced that it has agreed to sell its Platform business, which it acquired from OneVue in November 2020, to Praemium Limited (PPS.ASX), a platform technology provider listed on the ASX. The deal (Transaction) will generate up to $21m for Iress, depending on the achievement of certain milestones over the next 18…
Aussie Broadband proposes to acquire Superloop in a $0.95 per share deal
SYDNEY: Aussie Broadband Limited (ASX:ABB), one of the leading broadband providers in Australia, has made a non-binding offer to buy out its rival Superloop (ASX:SLC) in an all-share transaction. The proposal values Superloop at $0.95 per share, based on the last closing price of ABB shares ($4.53 on 23 February 2024). This represents a 33.2%…
Adore Beauty reports solid H1 FY24 results
SYDNEY: Adore Beauty Group Limited (ASX: ABY), Australia’s number one pureplay online beauty retailer, has announced its financial results for the six months ended 31 December 2023 (H1 FY24), showing revenue growth, profitability improvement, and strategic progress. The Company reported revenue of $100.7 million, up 7% on the prior corresponding period (PCP), driven by record…
Pioneer Credit acquires debt portfolio from Max Recovery Australia
SYDNEY: Pioneer Credit Limited has acquired a significant Part IX (Insolvency) Debt Portfolio from Max Recovery Australia Pty Ltd (‘Max’) for a total consideration of $15.8m. Max Recovery Australia recently undertook a strategic review of its Australian operations and decided to exit the Australian market and sell its Australian-based Debt Portfolio. Notably, Pioneer has been…
Summerset Group posts record profit and growth despite challenges
SYDNEY: Summerset Group Holdings Limited, a leading retirement village operator in New Zealand and Australia, announced a record underlying profit of NZ$190.3 million for 2023, up 11.0% from 2022. The company also reported its second highest ever net profit after tax of NZ$436.3 million. Summerset Chief Executive Scott Scoullar said the company had a very…
CDL Investments reports lower profit but optimistic outlook for 2024
AUCKLAND: CDL Investments New Zealand Limited (NZX: CDI), a residential property developer, announced its results for the year ended 31 December 2023 today. The company reported a profit after tax of $13.5 million, down from $31.2 million in 2022, due to the difficult market conditions and the absence of one-off gains. However, the company’s Chairman…
Goodman Property Trust to internalise management, launch funds platform
Goodman Property Trust (GMT), a leading owner of Auckland logistics property, has announced a proposal to internalise its management and establish a property funds management business. The proposal, which requires Unitholder and other approvals, would end the existing external management arrangement with Goodman Group, an ASX-listed property group that has been GMT’s manager and cornerstone…