LUXEMBOURG: WebPros, a global leader in web automation and operations software, announced Tuesday the acquisition of Comet Backup, a provider of cloud backup solutions for managed IT services. Financial terms were not disclosed. The deal strengthens WebPros’ portfolio of tools for website management, which already includes platforms like cPanel, Plesk and WHMCS. The company powers…
Brightstar Capital Partners completes PlayAGS acquisition in $1.1 billion deal
NEW YORK: Private equity firm Brightstar Capital Partners has completed its acquisition of PlayAGS, Inc. (NYSE: AGS), a global gaming supplier, in a deal valued at approximately $1.1 billion, company said on Monday. The transaction, first announced May 9, was finalized after receiving approval from AGS stockholders and necessary regulatory clearances. AGS shareholders will receive…
Gumtree offloads capital markets arm to ADVFN in $6.8 million deal to sharpen marketplace focus
PERTH: Gumtree Australia Markets Ltd. (ASX: GUM) has signed a binding agreement to sell its capital markets businesses—HotCopper in Australia and Stockhouse in Canada—to ADVFN Ltd. for $6.8 million in cash, the company announced Monday. The deal, expected to close the same day, will reduce Gumtree’s debt by $4.8 million and generate $2 million in…
Spenda partners with APG Pay to launch corporate credit platform
OSBORNE PARK: Spenda Limited (ASX: SPX), a software company specializing in payment solutions and embedded finance, announced Tuesday a strategic partnership with APG Pay Pty Ltd to develop a closed-loop corporate credit platform. The collaboration aims to streamline business-to-business (B2B) payments across multiple industries. Under the agreement, Spenda and APG Pay, a subsidiary of Singapore-based…
U.K.-U.S. trade deal takes effect, cuts tariffs on British cars but leaves metals in question
LONDON: A new U.K.-U.S. trade deal took effect Monday, granting British car exports preferential tariff rates while leaving final levies on metal shipments unresolved. The agreement, the first Washington has struck since President Donald Trump announced reciprocal tariffs in April, imposes a blanket 10% duty on most British goods entering the U.S. For autos, the…
OptiBiotix reports strong revenue growth and expands global footprint in 2024
LONDON: OptiBiotix Health plc (AIM: OPTI), a UK-based life sciences company focused on microbiome modulation and healthy sugar alternatives, reported a 35% increase in annual revenue for the year ending Dec. 31, 2024, signaling a strong turnaround bolstered by international expansion and ecommerce growth. Revenue rose to £870,000 from £644,000 in 2023, driven by increased…
AdvancedAdvT reports strong fiscal 2025 results, highlights growth and acquisitions
LONDON: AdvancedAdvT Limited (LSE: ADVT), an international software solutions provider for business, compliance, and human capital management, reported significant revenue and profit growth in its year-end results for the 12 months ending Feb. 28, 2025. The company posted revenue of £43.3 million ($54.8 million), up from £21.1 million in the prior eight-month period ending Feb….
Belluscura initiates $1.5 million loan note and $12 million fundraising plan
LONDON: Belluscura plc (AIM: BELL), a UK-based medical device innovator specializing in portable oxygen enrichment technology, has launched a strategic funding initiative to strengthen its capital base and support growth. As part of the plan, the company’s wholly owned U.S. subsidiary, Belluscura LLC, has signed a secured convertible loan note agreement to raise up to…
Polar Capital CEO Gavin Rochussen to retire; Iain Evans named successor
LONDON: Polar Capital Holdings plc announced Monday that Chief Executive Officer Gavin Rochussen will retire later this year, ending an eight-year tenure during which the firm’s assets under management more than doubled. Rochussen will officially step down from his CEO role and board position following the company’s Annual General Meeting on Sept. 25, 2025. He…
Fulcrum Metals reports progress on gold tailings strategy in year-end 2024 results
KIRKLAND LAKE: Fulcrum Metals plc (AIM: FMET), a technology-led company focused on recovering precious metals from mine tailings in Canada, on Monday reported its final results for the year ended Dec. 31, 2024, highlighting a strategic pivot toward gold tailings processing and key mineral discoveries. During the year, the company formalized a definitive option agreement…
Brightstar, Aurumin pursue merger to consolidate sandstone gold projects
PERTH: Brightstar Resources Ltd. (ASX: BTR) and Aurumin Ltd. (ASX: AUN) said Monday they are in advanced talks over a proposed merger aimed at consolidating their tenement holdings in Western Australia’s Central Sandstone region. The potential all-scrip transaction would see Brightstar acquire Aurumin through a scheme of arrangement, with Aurumin shareholders offered one Brightstar share…
Phoenix Digital Assets posts strong FY2024 results, Returns £33.7 million to shareholders
LONDON: Phoenix Digital Assets PLC (AQSE: PNIX) on Monday reported a sharp rise in profits for the fiscal year ended Dec. 31, 2024, and announced a major capital return to shareholders following a significant share buyback. The company posted a post-tax profit of £19.7 million, up from £17.6 million in 2023, with net asset value…