Convergint, a global leader in service-based systems integration, announced today that it has appointed Ann Fandozzi as its new Chief Executive Officer, effective immediately. Fandozzi succeeds Ken Lochiatto, who will continue to serve on Convergint’s Board of Managers and support the company during the transition. Fandozzi brings over 20 years of experience in leading and…
Evergreen Podcasts acquires Bridechilla, a digital wedding hub and podcast
Evergreen Podcasts, a leading podcast network, has acquired Bridechilla, a digital wedding hub and podcast that helps couples plan their weddings with less stress and more joy. The acquisition expands Evergreen’s wedding planning collection and continues the legacy of excellence from one woman-owned company to another. Bridechilla was founded by Aleisha McCormack, a comedian and…
BridgeCare raises $10M to expand its early care and education platform
BridgeCare, the leading data and technology infrastructure platform for early care and education (ECE), announced today a $10 million investment from Avenue Growth Partners, an early growth equity investor in category-leading vertical SaaS companies. The funding will enable BridgeCare to invest in innovation and services to advance its mission of supporting state and local governments…
Greater Commercial Lending completes $25m in financing for copper mining company in Utah
Lisbon Valley Mining Co., a copper mining company in Utah, has secured a $25 million loan from Greater Commercial Lending (GCL), a provider of government-guaranteed loans to under-served and rural communities. The loan, backed by the U.S. Department of Agriculture (USDA) through the Business & Industry Loan Program, will be used to improve copper mine…
Ryan Bailey to lead Cambridge Savings Bank as new President and CEO
Cambridge Savings Bank (CSB), a full-service mutual bank with nearly $7 billion in assets, has announced the hiring of Ryan Bailey as its new president and chief executive officer (CEO). Bailey will succeed Wayne Patenaude, who will retire in 2023 after 12 years of leading the bank. Bailey joins CSB from USAA, where he was…
GAN shareholders approve merger with SEGA SAMMY subsidiary
GAN Limited, a North American provider of internet gaming solutions and online sports betting, announced that its shareholders approved the merger with a subsidiary of SEGA SAMMY CREATION INC., an affiliate of SEGA SAMMY HOLDINGS INC., a Japanese entertainment conglomerate. The merger agreement was supported by over 95% of the votes cast at a special…
Guild Mortgage acquires Academy Mortgage
Guild Mortgage, a publicly traded mortgage lending company, has announced the acquisition of the retail lending assets of Academy Mortgage, a privately held Utah-based lender. The deal will add more than 1,000 employees and 200 branches to Guild’s network, as well as increase its annual origination volume by 25%. The combined company will be the…
Shoe Carnival buys Rogan Shoes for $45 million, expands footprint in Midwest
Shoe Carnival, Inc. (Nasdaq: SCVL), a leading family footwear retailer, announced today that it has acquired Rogan Shoes, Incorporated, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota, and Illinois. The deal, valued at $45 million and funded entirely with cash, is expected to boost Shoe Carnival’s earnings and sales in…
CoStar Group buys Arlington office building, plans to relocate from D.C.
CoStar Group, a leading online real estate platform, has purchased a 552,000 square foot office building in Arlington, Virginia, for an undisclosed amount. The company plans to move its Washington, D.C. employees to the new location by 2025, taking advantage of nearly $7 million in tax and economic incentives. The company, which has over 6,200…
GeologicAI acquires Resource Modeling Solutions
GeologicAI, a leading innovator in mining technology, has announced the acquisition of Resource Modeling Solutions (RMS), a pioneer in advanced geostatistical modeling of subsurface deposits. This strategic move will enhance GeologicAI’s growth and innovation in the mining sector. RMS brings a wealth of cutting-edge technology and a team of talented professionals that align with GeologicAI’s…
OCI Global reports sharp drop in revenues and earnings, sells off fertilizer assets
AMSTERDAM: OCI Global, a leading producer and distributor of nitrogen fertilizers and industrial chemicals, announced its financial results for the fourth quarter and full year 2023, showing a significant decline in revenues and earnings due to lower global nitrogen prices. The company also revealed that it has sold its stakes in Fertiglobe and Iowa Fertilizer…
Capgemini beats financial targets in 2023 despite market slowdown
PARIS: Capgemini, a global leader in consulting, technology and outsourcing services, announced its 2023 financial results on Tuesday, showing a solid performance in a challenging economic environment. The Group reported revenues of €22.5 billion, up 2.4% year-on-year, and an operating margin of 13.3%, exceeding its target range. Net profit increased by 7% to €1.7 billion,…