Dubai Taxi Company (DTC) has added 350 new environmentally friendly taxis to its airport service, doubling its capacity to meet the growing demand of passengers and visitors in the emirate. The expansion is part of DTC’s strategy to enhance its operational efficiency, market share, and customer satisfaction. The airport taxi service is exclusively for arrivals…
MOTIS Brands acquires TITAN Ramps to expand mobility and access solutions
MOTIS Brands, a portfolio company of Prospect Hill Growth Partners, has announced the acquisition of TITAN Ramps, a leading supplier of loading ramps, carriers, and accessories for various end markets. The deal will enhance MOTIS Brands’ catalog of brands and products, and enable them to offer a wider range of price points and solutions to…
Xperi sells AutoSense business to Tobii
Xperi Inc., a company that creates technologies for entertainment and smart devices, has sold its AutoSense in-cabin safety business and related imaging solutions to Tobii AB, a Swedish company that specializes in eye tracking. The deal was announced earlier and completed today, with Centerview Partners LLC and DLA Piper LLP advising Xperi. Xperi continues to…
Celsius Network emerges from bankruptcy, creates new Bitcoin mining company
Celsius Network, a cryptocurrency lending platform, has successfully emerged from bankruptcy after completing its plan of reorganization. The plan, which was approved by 98% of its account holders and the Bankruptcy Court, involved distributing over $3 billion of cryptocurrency and fiat to its creditors and creating a new Bitcoin mining company called Ionic Digital. Ionic…
Bapcor Limited announces CEO and Chair changes
SYDNEY, AUSTRALIA: Bapcor Limited, a leading provider of automotive parts and accessories, has announced that its CEO and Managing Director, Noel Meehan, will retire from his role on 5 February 2024 for personal and family reasons. He will be succeeded by Paul Dumbrell, who will join the company on 1 May 2024. Meehan has led…
Adherium Limited appoints Dr Paul Mastoridis as new CEO
MELBOURNE, AUSTRALIA: Adherium Limited, the leader in respiratory digital health technologies, has announced the appointment of Dr Paul Mastoridis as its new CEO. Dr Mastoridis is a global pharmaceutical innovator with more than 25 years of experience in developing and leading digital solutions for asthma and COPD management. He was previously the Global Medical Head…
Battery Age Minerals appoints Nigel Broomham as new CEO
SYDNEY, AUSTRALIA: Battery Age Minerals Ltd (ASX: BM8), a battery metals exploration company, has announced the appointment of Mr Nigel Broomham as its new Chief Executive Officer (CEO), effective immediately. Mr Broomham, who has over 14 years of industry experience and expertise in lithium, joined the company as General Manager – Exploration in February last…
Count Limited acquire Business Accounting Melbourne
SYDNEY, AUSTRALIA: Count Limited through its Victorian subsidiary firm Kidmans Partners has announced the purchase of the accounting client book of Business Accounting Melbourne. Business Accounting Melbourne is a modern practice that specialises in the automation and implementation of systems and technologies to streamline all accounting and bookkeeping processes. The business has accounting revenues of…
Mipac Holdings to acquire Paradigm Engineers in a $9 million deal
SIDNEY, AUSTRALIA: Mipac Holdings Pty Ltd, a subsidiary of GR Engineering Services Limited, has agreed to buy Paradigm Engineers Pty Ltd, a Western Australian company that provides control system and electrical engineering, automation and technology services to the mining industry. The deal, worth $9 million, will enhance Mipac’s capabilities and expand its footprint in Western…
Thompson Street Capital Partners and Cequel III acquire DDC Cabinet Technology
Thompson Street Capital Partners (TSCP) and Cequel III, two private equity firms based in St. Louis, announced today that they have taken a controlling stake in DDC Cabinet Technology (DDC), a global provider of innovative data center cabinet and cooling solutions. DDC’s co-founders, Chris Orlando and Mark Ortenzi, will remain as minority investors. The financial…
Ark Infotech acquires Slauth.io to boost cybersecurity and AI solutions
Ark Infotech LLC, a leading provider of IT solutions for federal and state agencies, announced on December 31, 2023, that it has completed the acquisition of Slauth.io, a pioneer in the Identity and Access Management (IAM) industry. The deal, backed by prominent investors Y Combinator and 8200, combines the expertise of two innovative companies to…
Protect AI acquires Laiyer AI to offer security solutions for LLMs
Protect AI, the leading AI and ML security company, has acquired Laiyer AI, the developer of LLM Guard, an open-source project for protecting large language models (LLMs) from security threats and misuse. LLMs, such as OpenAI’s GPT-4, are powerful tools for generating and understanding human language, with applications in various sectors. However, they also pose…