LONDON, UK: Manchester-based cybersecurity firm Netacea has secured £4.4million in a funding round led by Mercia Asset Management, a specialist asset manager with c.£1.4billion of assets under management. Netacea provides defensive AI software against bot attacks that target mobile, web and API applications, and counts some of the world’s largest global retailers and telecommunications networks…
BHP Group announces divestment of the Blackwater and Daunia for $4.1 billion
LONDON, UK: BHP and Mitsubishi Development Pty Ltd (MDP) have signed Asset Sale Agreements to divest the Blackwater and Daunia mines, which are part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA. Two wholly owned subsidiaries of Whitehaven Coal (Buyers)…
Gama Aviation Plc agrees to sell Jet East for $131 million
LONDON, UK: Gama Aviation Plc has conditionally agreed to sell the Group’s US MRO Business, Gama Aviation (Eng) Inc. (GAEI), trading as Jet East to West Star Aviation Enterprises for a value of approximately US$131 million on a cash free/debt free basis with normalised working capital. Marwan Khalek, Group Chief Executive, Gama Aviation Plc commented;…
LBG Media has acquired Betches Media LLC for $24 million
LONDON, UK: LBG Media, the owner of the global leader in youth publishing LADbible Group, announced the acquisition of Betches Media LLC, a US-based media brand founded by women and focussed on digital media content production and publication for women. The acquisition is for an initial cash consideration of $24 million, funded from existing cash…
Apax Partners LLP offer to acquire Kin and Carta plc for £203 million
LONDON, UK: Kelvin UK Bidco Limited, a newly formed company owned indirectly by funds advised by Apax Partners LLP, has offered to takeover Kin and Carta plc. Under the terms of the acquisition, each Kin and Carta shareholder will be entitled to receive 110 pence in cash translating the acquisition value of Kin and Carta’s…
Aukett Swanke has acquired TRCS, a developer of energy management software
LONDON, UK: Aukett Swanke (AIM: AUK), the Architecture and Smart Buildings group, announced the acquisition of TR Control Solutions Limited (TRCS), a developer of energy management software and provider of energy efficiency services. The acquisition is a further step in the Group’s strategy to become a leading provider of Smart Building technology. TRCS’s revenues are…
Bodycote plc appoints Jim Fairbairn as Group Chief Executive to succeed Stephen Harris
LONDON, UK: Bodycote plc announced the appointment of Jim Fairbairn as Group Chief Executive to succeed Stephen Harris on his retirement. Jim is expected to join the Company and the Board in March 2024 and become Group Chief Executive in May 2024 following an orderly transition. Stephen will step down from the Board and retire…
Nvidia and Foxconn announce partnership to build artificial intelligence data factories
Using Nvidia chips and software, Taiwan’s Foxconn, the world’s largest contract manufacturer, will build artificial intelligence data factories for products such as self-driving cars, the companies announced on Wednesday. At Foxconn’s annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang shared the stage and said they were collaborating on AI…
Thermo Fisher to buy protein analysis firm Olink for $3.1 billion
Thermo Fisher Scientific announced on Tuesday that it would buy Olink Holding AB, a Swedish company that specializes in protein analysis for disease research and drug development. The deal is worth $3.1 billion and will boost Thermo Fisher’s life sciences business, which has been facing lower demand from its biotech customers. Olink’s U.S.-listed shares soared…
Fingerprint raises $33 million Series C Funding to fight fraud with device intelligence
Fingerprint, a Chicago-based startup that provides a device intelligence API, has raised $33 million in a Series C funding round led by Nexus Venture Partners and Uncorrelated Ventures. The company helps developers build security solutions using information from hardware accessing a website, such as fonts, screen resolution, and SSL handshake. The company’s co-founder and CEO,…
Apple Pencil gets a USB-C upgrade
If you are looking for a more affordable way to use the Apple Pencil with your iPad, you might be interested in the latest announcement from Apple. The company has introduced a new version of the Apple Pencil that comes with a USB-C port for charging and a magnetic attachment for convenience. The new accessory…
ScyllaDB secures $43 million in funding to expand its open-source NoSQL Database
ScyllaDB, a company that develops an open-source NoSQL database, has announced that it has raised $43 million in a Series C3 round of funding, bringing its total funding to $100 million. The funding round was led by Eight Roads Ventures and AB Private Credit Investors, and also included TLV partners, Magma Ventures and Qualcomm Ventures….