LONDON: Boku Inc, the leading provider of localized payment solutions, has announced that Stuart Neal will take over as its new Chief Executive Officer and Director from January 2024. Neal succeeds Jon Prideaux, who will retire after eight years at the helm of Boku, but will remain on the Board as a Non-Executive Director. Neal…
Net Zero Infrastructure to acquire QuiaPEG’s drug delivery platform
LONDON, UK: Net Zero Infrastructure (NZI), a company listed on the London Stock Exchange, has signed a letter of intent with QuiaPEG, a Swedish drug development company, to license its patented drug delivery platform, Uni-Qleaver, for 12 months, with an option to buy it at the end of the period. The deal, if completed, will…
Samsung launches Galaxy S24 series with Galaxy AI, the most advanced mobile AI ever
Samsung has just announced its new line-up of AI-powered Galaxy smartphones, which the company says will launch a “new era of mobile”. The Galaxy S24, S24+, and S24 Ultra are the first phones to feature Galaxy AI, a suite of artificial intelligence features and apps that will make your life easier, smarter, and more fun….
Sainsbury’s to wind down banking services business
Sainsbury’s has announced that it will be winding down its banking division as part of its “food first” strategy and will be focusing on its core retail businesses. The company is exploring several options as part of a “phased withdrawal” from the banking business, which could result in products being outsourced to other providers, similar…
PUMA recognized as a global top employer for second time
The sports company PUMA has earned the prestigious title of a global Top Employer for the second time, according to the Top Employers Institute. The institute, which conducts a comprehensive survey of companies’ human resources practices, also awarded PUMA in four regions and 24 countries, including Poland and Ukraine for the first time. The award…
Accrol Group has acquired Seven Delta Limited
LONDON: Accrol Group (AIM: ACRL), the UK’s leading independent tissue converter, has completed the acquisition of Severn Delta Limited, a £5m revenue wet wipe and tumble dryer sheet manufacturer based in Somerset, for an EBITDA multiple of less than 3x before synergies. The acquisition was funded from the Group’s existing cash reserves. The acquisition of…
LiveRamp to buy data clean room provider Habu for $200M
LiveRamp, the leading data collaboration platform, announced today that it will acquire Habu, a software company that helps brands and media companies share customer data securely and effectively. The deal, worth about $200 million in cash and stock, will boost LiveRamp’s ability to offer data collaboration solutions across all clouds and platforms, while ensuring privacy…
Qantas Group appoints Andrew Glance as CEO for its Loyalty business unit
SYDNEY: The Qantas Group has appointed Andrew Glance as the new CEO for its Loyalty business unit. Andrew Glance is currently the Executive Manager of Commercial Partnerships and Qantas Business Rewards, having worked in a number of senior roles in Qantas Loyalty since 2016. Prior to that he held senior finance positions across the organisation,…
Vicarious, an AI-powered cybersecurity startup, raises $30M
Vicarious, a New York-based cybersecurity startup that uses AI to automate the discovery, prioritization and remediation of software vulnerabilities, announced today that it has raised $30 million in a Series B round of funding led by Bright Pixel Capital. The company, which has raised $56 million to date, plans to use the new capital to…
Telecom Egypt secures first 5G license in Egypt for $150mn
CAIRO: The National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country’s first license to install and operate fifth generation (5G) networks for mobile phones at a cost of USD 150m. The 5G license will be valid for a 15-year period. Noting the importance of keeping up with world technology trends, Telecom Egypt took…
Dura Software acquires Invosys; QBS partners with Atera in channel deals
Two major deals have been announced in the channel, as US-based Dura Software has acquired UK cloud comms provider Invosys, and QBS Software has formed a strategic partnership with Atera, a remote monitoring and management vendor. Dura Software, which specialises in acquiring and operating niche software businesses, has added Invosys to its portfolio, marking its…
Health Assurance Transformation Corp signs deal to acquire Summa Health
Summa Health, a large integrated healthcare delivery system based in Akron, Ohio, has signed a letter of intent to be acquired by Health Assurance Transformation Corporation (HATCo), a new entity formed by General Catalyst, a venture capital firm. The deal aims to create a new, more proactive, affordable and equitable system of community-based, lifelong healthcare,…