MONTREAL, CANADA: Adacel Technologies Limited, an industry leader in advanced air traffic management solutions and simulation and training systems, announced the acquisition of a virtual air traffic control (ATC) tower for single and multiple aerodrome operations. This acquisition, including the intellectual property, accelerates Adacel’s entrance in the fast-growing market segment of virtual ATC tower solutions,…
Pakistan-based NayaPay raises $13mn in largest seed rounds in South Asia
KARACHI, PAKISTAN: NayaPay, a Pakistan-based fintech platform, has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Valley. Singapore-based Saison…
Cloudflare to acquire Area 1 Security
AMSTERDAM: Cloudflare signed an agreement to acquire Area 1 Security, a cloud-native email security company, and leader in preventing phishing attacks in email, web, and network environments. “Together, we expect to deliver the world’s fastest, most reliable email security solution,” Cloudflare noted. In modern enterprises, email is one of the most-used cloud applications. Unfortunately, email…
Valereum increase interest in Gibraltar Stock Exchange to 90%
LONDON, UK: Valereum, the Gibraltar technology group, and the Global Stock Exchange Group (GSEG) have duly exercised the option to increase Valereum’s interest in the Gibraltar Stock Exchange (GSX) from 80% to 90%, as per the revised agreement announced on 28th January 2022. Additionally, both Valereum and the GSEG have also executed the first stage…
Vodafone to sell partial stake in Indus Towers Limited
LONDON, UK: Vodafone Group holds 757.8 million shares in Indus Towers Limited, equivalent to a 28.1% shareholding, a bourse filing noted. As much as 190.7 million of these shares, equivalent to a 7.1% shareholding, are currently pledged to Indus as part of the security arrangements entered into between Vodafone and Indus at the time of…
Mosman completes gas network construction in East Texas
LONDON, UK: Mosman Oil and Gas Limited (AIM: MSMN) has completed construction of the gas network in East Texas which will allow for the sale of gas from the Winters-2 well (23% Working Interest) and Stanley-4 well (45% Working Interest). The gas network connects several leases, including one operated by Arcadia Operating LLC and will…
Invinity Energy Systems wins LODES funding
LONDON, UK: Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage, has been awarded £708,371 of funding from the Department for Business, Energy & Industrial Strategy (BEIS) under Phase 1 of the Longer Duration Energy Storage (LODES) Demonstration competition. This award will fund a comprehensive planning and feasibility study on what…
Mirriad signs in-content advertising partnership in Canada
LONDON, UK: Mirriad, the leading in-content advertising company, announced a new partnership in the strategically important North American. Mirriad has signed a partnership agreement with Canada’s largest TV and digital media conglomerate. This partnership represents an important milestone for Mirriad in Canada and a first campaign has already launched there in a premiere series. Mirriad’s…
SEEEN signs strategic partnership with media intelligence platform, Kinetiq
LONDON, UK: SEEEN plc (AIM: SEEEN), the media optimisation platform, announced a strategic partnership with Kinetiq, a leading media intelligence platform that enables global customers to measure the effectiveness of their paid, earned and owned media, across thousands of broadcast, CTV and social channels around the world. The companies plan to provide “end-to-end” solutions for…
Darktrace acquires Cybersprint B.V. for $53.7 million
LONDON, UK: Darktrace Plc, a global leader in cyber security AI, has entered into a definitive agreement to acquire the entire issued share capital of Cybersprint B.V., an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks. The acquisition of Cybersprint is aligned with…
President and CEO Elisa Markula to leave Oriola
ESPOO, FINLAND: Oriola Corporation’s President and CEO Elisa Markula has given notice of her resignation from the company. She will leave her position at Oriola at the latest in August 2022. The search for Elisa Markula’s successor starts immediately. “On behalf of the Board of Oriola, I want to thank Elisa for her contribution for…
Okapi Resources acquires Maybell Uranium Project in Colorado, USA
SYDNEY, AUSTRALIA: Okapi Resources Limited (ASX: OKR) has completed the staking of 468 federal unpatented mining claims covering 3,600 ha to acquire the Maybell Uranium Project in Colorado, USA. Okapi has secured a significant portion of the Maybell mineralised trend, which includes the area of historical production and other known mineralised occurrences and prospects. Based…