LONDON, UK: discoverIE Group announced the acquisition of 2J Antennas Group (2J), a Slovakian-based designer and manufacturer of antennas, for a cash consideration of €52.5m (£45.0m) on a debt free, cash free basis, before expenses, which will be funded from the Group’s existing debt facilities. Founded in 2002, 2J Antennas is a leading designer and…
Longboat Energy expands in SE Asia through the acquisition of Topaz Number One Limited
LONDON, UK: Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, announced the expansion of its business in SE Asia through the acquisition of privately held Topaz Number One Limited (Topaz), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia (Block 2A) to 52.5%. Helge Hammer,…
Aviva plc agrees to sell its 25.9% stake in Singapore Life Holdings for £0.5 billion
LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash at closing. Sumitomo Life will pay consideration of £0.5 billion (SGD 0.9 billion) for Aviva’s…
Treasury4 secures $20M in Series A to boost its enterprise fintech platform
Treasury4, a Spokane-based fintech startup, has raised $20 million in a Series A round led by WestCap, a growth equity firm that focuses on technology sectors. The company, which was founded in 2020, offers a suite of API-enabled software solutions that help CFOs and treasurers gain real-time visibility and insights into their treasury and finance…
Tamnoon raises $5.1M in seed funding to accelerate cloud security remediation
Tamnoon, a San Francisco-based startup that offers a managed service solution for cloud security remediation, announced today that it has secured $5.1 million in seed funding from a group of investors led by Merlin Ventures and Secret Chord Ventures. The company, which was founded by the people who built the first Cloud Security Posture Management…
Lumber, a SaaS platform for SMB construction contractors, lands $5.5M in seed funding
A company called Lumber, which makes a software platform for managing construction workers, has secured $5.5M in Seed funding from various investors. Carbide Ventures led the round, and other backers included Escape Velocity, 8VC, Sure Ventures, Converge VC, and Firsthand Alliance, as well as some individual investors. The company, based in Saratoga, CA, plans to…
SQream raises $45M in Series C to boost its data and analytics acceleration technology
SQream, a company that specializes in data and analytics acceleration, secured $45M in a Series C funding round. The main investor was World Trade Ventures, along with new and existing backers, such as Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. The company plans to use the…
BP CEO Bernard Looney quits over lack of transparency on personal relationships
BP’s chief executive Bernard Looney has stepped down from his role after admitting he failed to disclose all of his past personal relationships with company colleagues. The oil giant said it received anonymous allegations in May 2022 about Mr Looney’s conduct and hired external lawyers to investigate. Mr Looney revealed he had a few historical…
Western Digital launches new SSDs for Steam Deck and ROG Ally users
Western Digital has announced a new line of SSDs that are compatible with the Steam Deck and the ROG Ally, two handheld gaming consoles that are expected to launch later this year. The WD Black SN770M is a compact and fast M.2 2230 NVMe SSD that offers up to 2 TB of storage space. The…
Apple launches iPhone 15 series with four models starting from $799
Apple has revealed its latest products at its Wonderlust event, including the iPhone 15 series. The new devices offer improved performance, design and features, such as a USB-C port, a titanium casing and a 48MP camera. The iPhone 15 series consists of four models: the iPhone 15, the iPhone 15 Plus, the iPhone 15 Pro…
Apple unveils iPhone 15 with Dynamic Island and 48MP camera
Apple has launched its latest flagship smartphone, the iPhone 15, at its ‘Wonderlust’ event in Cupertino. The new device features a stunning new design, a powerful camera system, and a USB-C charging port. The iPhone 15 sports a 6.1-inch OLED display with a peak brightness of up to 2,000 nits, making it twice as bright…
Pepco Group expands Poundland brand by taking on 71 Wilko leases
The owner of Poundland in the UK, Pepco Group, has announced that it will take over 71 Wilko stores and change them to the Poundland brand. This will create hundreds of new jobs for the retail sector and give priority to Wilko staff who want to work at the new Poundland shops. However, not all…