Canva, the Australian design software company, has unveiled a suite of artificial intelligence-powered tools to take on competitors including Adobe. One of the key distinctions of Canva’s new tools is the ability to instantly convert designs from one format to another with a click. For example, users can turn a presentation into a summary or…
Samsung Galaxy Tab S9 FE and S9 FE Plus Review: Affordable Tablets with Impressive High-End Features
Samsung has unveiled two new big-screened tablets: the Samsung Galaxy Tab S9 FE and S9 FE Plus. As with other entries in the FE series – including the Samsung Galaxy S23 FE which was shown in the same announcement – the name of the game here is offering an affordable alternative to the high-end devices…
Imperial spinout secures £3.5m investment for nanoparticle analysis
SPARTA Biodiscovery, a company that develops novel methods to analyse nanoparticles for advanced medicines, has received a £3.5 million seed investment from Sartorius, a leading provider of laboratory and bioprocessing solutions. The investment will help SPARTA deploy its system in various commercial settings and accelerate its product launch. SPARTA was founded by Imperial researchers and…
Westpac to retain its Pacific Banking Businesses
SYDNEY, AUSTRALIA:P Westpac has today announced it has concluded the sales process for its Pacific banking businesses and will retain Westpac Fiji and Westpac Bank PNG Limited. Westpac will continue to support local business, improve digital and service capabilities for customers and deliver important community programs in financial literacy and education.
Ripple gets full license to offer crypto payment services in Singapore
Ripple, a company that deals with cryptocurrency, announced on Wednesday that it has secured a full license as a major payments institution in Singapore. This is a strategic move to expand its business in the Asia-Pacific region. The company had received an initial approval in principle from the Monetary Authority of Singapore in June, and…
Teledyne Technologies to acquire Xena Networks, a leader in terabit ethernet test solutions
Teledyne Technologies Incorporated (NYSE:TDY), a leading provider of instrumentation, digital imaging, aerospace and defense electronics, and engineered systems, announced today that it has entered into an agreement to acquire Xena Networks ApS, a leading provider of high-speed Terabit Ethernet validation, quality assurance, and production test solutions. The acquisition will further strengthen Teledyne’s position in the…
Oaktree acquires Consolidated Chassis Management and launches new chassis pool
Oaktree Capital Management, L.P., a private equity firm, has announced the acquisition of Consolidated Chassis Management LLC (CCM), a leading manager of marine chassis pools in the U.S. CCM was previously owned by the Ocean Carrier Equipment Management Association, Inc. (OCEMA), an association of 10 major international container shipping companies. Terms of the transaction were…
Atwell acquires Summit Engineering Group and expands into Utah
Atwell, LLC, a national consulting, engineering, and construction services firm, has announced the acquisition of Summit Engineering Group, a civil engineering and land surveying firm headquartered in Heber City, Utah. This is Atwell’s first permanent office in Utah and its eighth acquisition over the past year. Terms of the transaction were not disclosed. Summit was…
Ascend acquires majority stake in Seoul Medical Group
Ascend Capital Partners, a healthcare focused private equity partnership, has announced that it has acquired a majority stake in Seoul Medical Group (SMG), one of the country’s leading physician-run Independent Physician Associations (IPA) dedicated to providing both high-quality clinical and non-clinical healthcare services to patients. Terms of the transaction were not disclosed. SMG is the…
Armada Materials launches with Kelso backing, and acquires Volunteer
Armada Materials, LLC, a new infrastructure materials and services company, has announced its formation and its first acquisition. The company was founded by Rob Duke, a veteran of the construction materials industry, along with a group of investors including Kelso & Company, L.P., a middle-market buyout private equity firm. Armada has acquired Volunteer Materials and…
Kezar Life Sciences announces restructuring and leadership changes
Kezar Life Sciences, Inc. (KZR), a biotech company developing treatments for immune-mediated and oncologic disorders, has launched a restructuring program to focus on its clinical-stage programs and extend its cash runway into late 2026. The company expects to achieve important data readouts for its lead candidates zetomipzomib and KZR-261 in lupus nephritis, autoimmune hepatitis and…
IMG acquires Securely customers and reports strong performance
SYDNEY, AUSTRALIA: Intelligent Monitoring Group Limited (IMG), Australasia’s largest security and fire monitoring business, has announced the acquisition of about 3,100 security customers from Securely, a subsidiary of Electra Group. The deal was made at a record low price of $NZ290 per customer and is expected to boost IMG’s earnings as the customers are transitioned…