OSLO, NORWAY: Zaptec ASA, the leading electric vehicle charging company, has announced that Kurt Østrem will be its new CEO, effective from 22nd February 2024. Østrem, who has been the CFO and Acting CEO of Zaptec for the third time, has been selected after a thorough and wide-ranging recruitment process. Stig H. Christiansen, Chair of…
Objective Corporation reports strong first half results and outlook for FY2024
SYDNEY, AUSTRALIA: Objective Corporation, a leading provider of software solutions for the public sector, has announced its financial results for the first half of FY2024, showing continued growth in annual recurring revenue (ARR), profitability and customer value. The company’s ARR increased by 15% year-on-year to $82.6 million, driven by strong demand for its cloud-based content…
Agilent Technologies names Padraig McDonnell as next CEO
Agilent Technologies Inc. (NYSE: A) announced today that Padraig McDonnell, the current president of the Agilent CrossLab Group (ACG) and chief commercial officer, will succeed Mike McMullen as the company’s president and CEO on May 1. McMullen, who has been Agilent’s CEO since 2015 and has led the company’s transformation into a market leader in…
NTWRK acquires Complex to create a new platform for superfans of culture, music, and fashion
NTWRK, the live-video shopping platform and marketplace for sneakers, streetwear, and collectibles, has announced its acquisition of Complex, the publisher of culture, trends, and style. The deal will create a new company that will combine e-commerce, content, and music to cater to the superfans of convergence culture. The new company will be led by Aaron…
Enterprise Products Partners acquires Pipeline and Fractionator from Western Midstream for $400m
Enterprise Products Partners L.P. (NYSE: EPD), a leading North American provider of midstream energy services, announced on Tuesday that it has acquired pipeline and fractionator interests from Western Midstream Partners, LP (NYSE: WES) for $400 million in cash. The deal includes a 20 percent stake in Whitethorn Pipeline Company LLC, which owns a 620,000 barrel…
Torpedo7 sold for $1 to Tahua Partners Limited
AUCKLAND: The Warehouse Group has sold its outdoor brand Torpedo7 to Tahua Partners Limited, a 100% Kiwi owned and operated business, for $1. The deal will allow The Warehouse Group to focus on its core brands and improve its financial performance. Torpedo7, which represents only 5% of The Warehouse Group’s sales, has faced challenges due…
Comvita Limited receives takeover offer from mystery offshore party
AUCKLAND: Comvita Limited, the global leader in Mānuka honey and bee consumer goods, has announced that it has received a non-binding indicative offer (NBIO) from an undisclosed offshore party to acquire all of its shares. The offer price is said to be a significant premium to the current share price of Comvita, which closed at…
LGI Limited announces Jarryd Doran as new CEO
SYDNEY, AUSTRALIA: LGI Limited, a leading waste management company, has announced a change in its top leadership as part of a planned succession. Jarryd Doran, the former Chief Operating Officer, will take over as the new Chief Executive Officer from Friday, 1 March 2024. He will replace Dr Jessica North, who will step down as…
Manifest Financial buys Nerve Tech
Manifest Financial, a company that provides financial services to entrepreneurs and micro-businesses, has acquired Nerve Tech, a banking platform for creators and their platforms. The deal aims to create a banking partner that understands and meets the unique needs of the entrepreneurial sector. Nerve was founded by John Waupsh and Ben Morrison, who have over…
Axway in talks to buy most of Sopra Banking Software for €330m
Axway, a global software company, announced today that it has entered into exclusive discussions to acquire most of the activities of Sopra Banking Software (SBS), a subsidiary of Sopra Steria Group and a provider of banking and financial software. The deal, valued at €330m, would create a new enterprise software house with critical scale, able…
How to Choose the Best Technology and Business Services Providers Based on CX Scores
Choosing the right technology and business services providers can be a daunting task, especially in a fast-changing and competitive market. You want to work with providers that can deliver high-quality services, meet your expectations, and help you achieve your goals. But how do you know which providers are the best for your needs? One way…
Orkes raises $20M to scale distributed systems with AI
Orkes, a company that provides a fast and easy way to scale distributed systems, has secured $20 million in a funding round led by Nexus Venture Partners. The company, which launched in 2022 and raised $9.3 million in its previous round, has grown rapidly by offering a suite of industry-first AI tools and winning big…