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…
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…
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…
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…
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…
For the first time in 12 years, Apple has surpassed Samsung as the world’s leading smartphone seller, according to a new report from International Data Corp (IDC). The iPhone maker captured a 20% market share in 2023, while Samsung slipped…
Accenture, a global professional services company, has announced the acquisition of Impendi, a sourcing and procurement services provider that specializes in serving private equity clients. The deal will enhance Accenture’s ability to help private equity firms and their portfolio companies…
McNally Capital, a private equity firm that invests in founder- and management-owned businesses, has announced the sale of its portfolio company, The Re-Sourcing Group, to MidOcean Partners. The Re-Sourcing Group is a leading provider of strategic staffing, consulting, and direct…
Fintech giant Nukkleus Inc. announced today that it plans to increase its stake in Jacobi Asset Management, the sponsor of Europe’s only Bitcoin spot ETF, to about 20%. The move is part of Nukkleus’ strategy to expand its presence in…
A new survey by J.P. Morgan reveals that U.K. business leaders are confident about their own performance but wary of the global and national economic outlook. While most executives expect revenue and sales to increase in 2024, they also face…
ESPOO, FINLAND: Nokia announced today that it will invest €360 million in software, hardware and chip design at its Ulm and Nuremberg sites in Germany. The investment is part of a four-year project funded by the German government and the…
The ongoing Houthi attacks on shipping vessels in the Red Sea have caused a major disruption in global trade, forcing many container ships to take longer routes and driving up ocean freight rates. This has also increased the demand for…