MITRE, a leading research and development organization, and the Midland Development Corporation (MDC), the economic development arm of Midland, Texas, have signed an agreement to work together to accelerate their common vision for commercial space and high-speed flight operations in the United States. The agreement will enable MDC and MITRE to cooperate on research and…
Inszone Insurance acquires Colorado-based High Desert Insurance
Inszone Insurance Services, a national provider of various insurance solutions, has acquired High Desert Insurance, a trusted insurance agency based in Pueblo, Colorado. High Desert Insurance, founded in 2011, has a team of seven professionals who share the same values as Inszone. The acquisition will allow Inszone to expand its services in Colorado, while maintaining…
FTC to probe AI giants over cloud partnerships
The Federal Trade Commission (FTC) has announced a sweeping investigation into the artificial intelligence (AI) industry, focusing on the ties between major cloud service providers and AI developers. The FTC will use its 6(b) authority to order companies like Amazon, Alphabet, Microsoft, Anthropic and OpenAI to submit reports and answer questions about their investments and…
Ares Management launches new Automated Industrial Robotics company
Ares Management Corporation (NYSE: ARES) announced today the launch of a new industrial automation company, Automated Industrial Robotics Inc. (AIR), with the aim of capitalizing on the increasing global demand for manufacturing automation solutions. Automated Industrial Robotics will focus on acquiring and growing differentiated industrial automation companies serving diverse end markets, such as automotive, home…
Humana Inc hires David Dintenfass as President of Enterprise Growth
Humana Inc., a leading health insurer and health care services company, announced today that it has appointed David Dintenfass as its new President of Enterprise Growth. Dintenfass will lead the company’s growth plan with a focus on customer acquisition, retention, and experience, especially in the Medicare Advantage market, where Humana is the second largest provider…
AD Ports Group and Aqaba Development sign deal to digitalise Aqaba’s ports
ABU DHABI: AD Ports Group, a global leader in trade, logistics and industry, has signed a shareholders’ agreement with the Aqaba Development Corporation (ADC) to launch Maqta Ayla, a joint venture company that will implement a Port Community System (PCS) in Aqaba’s ports. The PCS will streamline communications and transactions between the port stakeholders, improve…
Box Inc acquires Crooze to boost its Content Cloud with no-code apps and metadata tools
Box, Inc., the leading Content Cloud, has announced the acquisition of Crooze, a provider of no-code enterprise content management applications built on the Box Platform. The deal will enable Box to offer customers more ways to manage their critical content with Crooze’s no-code app builder and metadata capabilities. Crooze’s technology helps customers build apps to…
GS Foods acquires Diamond Foods to expand K-12 food service in Louisiana
GS Foods Group, Inc., a foodservice partner owned by Highview Capital, LLC and A&M Capital Partners, has acquired Diamond Foods, a regional K-12 food distributor based in New Orleans. The acquisition follows GS Foods’ recent purchase of Lamm Foods and strengthens its presence in the Louisiana market. GS Foods, which has nearly 50 years of…
Front acquires Windsor.io to boost AI innovation for customer service
Front, a customer operations platform, has announced its acquisition of Windsor.io, an AI platform that produces personalized videos for customer communication. The deal aims to enhance Front’s AI capabilities and help its customers deliver exceptional service at scale. Front’s Chief Product Officer, Mohammed Attar, said that the company will integrate AI and automation more deeply…
Ørsted to buy Eversource’s stake in Sunrise Wind project
Ørsted, a Danish renewable energy company, has agreed to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm that would supply power to New York. The deal is contingent on Sunrise Wind winning the New York 4 solicitation for offshore wind capacity, which is expected to be announced soon. Sunrise…
Getlink SE reports all-time high revenue of €1.829 billion in 2023
PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses. The Group reiterates its confidence in its ability to exceed EBITDA of €910 million in…
Publicis Groupe to invest 300 million euros in AI-powered Intelligent System
PARIS, FRANCE: Publicis Groupe, the world’s third-largest advertising and media company, announced its ambitious plan to become the industry’s first AI-powered Intelligent System, after achieving a stellar organic growth of +6.3% in 2023, outperforming its peers for the fourth consecutive year. The group will invest 300 million euros over the next three years to build…