CALIFORNIA: Astera Labs, the leading provider of semiconductor-based connectivity solutions for cloud and AI infrastructure, today revealed its partnership with Intel to deliver its PCIe® and CXL® solutions that optimize the performance of 5th Gen Intel Xeon Scalable processors. Astera Labs has performed extensive interoperability testing in its Cloud-Scale Interop Lab to help hyperscalers and…
Mainfactor acquires Gimme Radio’s e-commerce assets
PHILADELPHIA: Mainfactor Inc., a Philadelphia-based company that provides e-commerce solutions for the music and entertainment industry, has acquired the e-commerce-related sites and assets of Gimme Radio Inc., a streaming music and e-commerce platform for genre-specific and community-based music fans. The acquisition will allow Mainfactor to expand its portfolio of direct-to-consumer (D2C) storefronts for renowned artists,…
Hg invests in CINC Systems, a leading software provider for community association management
LONDON, UK: CINC Systems, a cloud-based software company that serves the community association management industry, has received a strategic growth investment from Hg, a leading investor in software and services businesses. The deal, whose terms were not disclosed, will see Hg join CINC’s founder, Bill Blanton, its management team and current investors, Spectrum Equity, as…
Arkema’s Bostik to acquire Arc Building Products
PARIS, FRANCE: Bostik, a subsidiary of Arkema, has announced its intention to acquire Arc Building Products, a company that specializes in tile adhesives, floor preparation systems, building chemicals and sealing & bonding solutions. Arc has a strong presence in the Irish market, with annual sales of around €15 million and a production facility in Arklow,…
WALLIX One: The SaaS Platform for Identity and Access Security
Cybersecurity is a vital aspect of any business, especially in the digital age. With the increasing complexity and diversity of IT and OT systems, ensuring that only authorized users and devices can access sensitive resources is a daunting challenge. Moreover, cyberattacks are becoming more sophisticated and frequent, posing serious threats to data integrity, privacy, and…
Westpac reports 26% rise in net profit, announces expansion plans and digital initiatives
Westpac Banking Corporation, one of Australia’s largest banks, has announced its financial results for the year 2023, showing a strong performance despite the challenging economic environment. The bank also revealed its plans to expand its presence in Queensland, simplify its technology stack, and enhance its digital services for customers. Financial highlights The bank reported a…
How Bahrain Leads the Way in Islamic Finance Innovation
Bahrain is a global leader in Islamic finance, a sector that combines ethical principles with financial services. The country hosts several influential organizations that set the standards and best practices for the industry, such as AAOIFI, International Islamic Financial Market and the General Council for Islamic Banks and Financial Institutions. Bahrain is also a pioneer…
Equity Story Group appoints Robert Corlett as its new CEO
SYDNEY, AUSTRALIA: Equity Story Group has appointed Mr. Robert Corlett as its new CEO. With over 15 years of distinguished experience in investment banking and financial capital markets, Robert has consistently demonstrated his strategic skills and leadership abilities. Robert has spent the past 5 years as CEO & Executive Director of a boutique stockbroking company,…
Physician360 hires new CEO to boost rural healthcare
Physician360, a digital health company that serves the rural and medically underserved populations, has appointed Michael Muchnicki as its new CEO. Muchnicki, who has 20 years of experience in leading healthcare companies, will lead Physician360’s expansion and innovation. Physician360 partners with rural community pharmacists to provide better access and quality of care to patients who…
Aptamer Group partners with biotech firm to target genetic medicines with Optimers
LONDON: Aptamer Group plc, a company that develops novel Optimer binders for the life sciences industry, has signed a deal with a biotech firm that makes genetic medicines. The deal involves using Aptamer Group’s platform to discover Optimers that can target genetic medicines to specific cells. Aptamer Group will get up to £553,000 for this…
Invesco Select Trust Plc to simplify its structure and boost its dividend
LONDON, UK: Invesco Select Trust Plc, a multi-asset investment trust, has announced plans to restructure its business and increase its dividend payouts to shareholders. The company, which was launched in 2006, currently has four share classes that allow investors to choose from different asset classes and switch between them tax-efficiently. However, the company said that…
abrdn Diversified Income and Growth plc to wind down and return cash to shareholders
LONDON, UK: abrdn Diversified Income and Growth plc (the “Company”) has announced that it will wind down its operations and return cash to shareholders following feedback from its shareholders and the persistent discount to its net asset value (“NAV”). The Company will seek shareholder approval for the change of its investment objective and policy at…