Thomson Reuters, a global content and technology company, has completed its acquisition of Pagero, a Swedish company that provides e-invoicing and indirect tax solutions, for approximately $800 million. The deal is the sixth one for Thomson Reuters since the start of 2023, adding to its portfolio of products and services that help customers navigate complex…
Lenovo Unveils AI-Driven Innovation and Sustainability at MWC 2024
Lenovo, the global leader in smart devices and solutions, showcased its latest hardware and software solutions at MWC 2024, highlighting its focus on AI-driven innovation and commitment to a more sustainable future. These include: Lenovo also announced its dedication to the circular economy by innovating in the supply chain, product design, and services and focusing…
Intel Announces New Edge Platform for Scaling AI Applications
Edge computing is the next frontier of digital transformation, where data is generated and processed closer to the source. Many edge applications require advanced AI analytics to automate tasks, improve efficiency, and deliver new services. However, building and managing edge AI solutions can be complex and challenging due to the diversity of hardware, software, and…
Intel Unleashes 2.7x Performance per Rack Improvement for 5G Core
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…