LONDON: Ascendx Cloud, a London-based provider of enterprise-grade customer relationship management (CRM) software-as-a-service (SaaS) solutions, has raised £82 million in funding to scale its suite of applications and expand its U.S. presence. The investment aims to help more enterprise companies harness their CRM data amid the growing adoption of artificial intelligence. The funding round consists of £45 million in…
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Virgin Media O2 and Daisy Group to merge creating £1.4 billion entity
LONDON: Virgin Media O2 (VMO2) announced Monday that it will merge its business-to-business operations with Daisy Group to form a major new player in the United Kingdom’s business communications and IT sector. The newly established entity will generate annual pro forma revenues of approximately £1.4 billion. VMO2 will hold a 70% stake in the business, with Daisy…
ATIS Group to acquire 300 wireless towers in Paraguay from Millicom
MONTEVIDEO: ATIS Group, a leading digital infrastructure provider in Latin America, announced Thursday that it has signed an agreement to acquire Lati Paraguay, a Millicom subsidiary that owns about 300 wireless communication towers in Paraguay. The deal, signed April 26, is part of ATIS’s continued expansion in the Southern Cone and strengthens its position as the region’s…
Stella-Jones acquires Locweld Inc., expands presence in steel transmission structure market
CANDIAC: Stella-Jones Inc. (TSX: SJ) announced Wednesday it has entered into a definitive agreement to acquire Locweld Inc., a leading manufacturer of lattice transmission towers and steel poles. The acquisition is expected to close later in the day. Locweld, which has been in operation for more than 75 years, employs approximately 220 people and serves customers in…
Jeffs’ Brands announces strategic transactions valued at up to $26 million
Jeffs’ Brands Ltd. (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, has announced two significant transactions with public companies, collectively valuing its assets between $23.4 million and $26 million. The moves mark a major milestone in the company’s global expansion strategy. In a deal valued at approximately $11.8 million, Jeffs’ Brands entered…
BioSig Technologies announces plans for merger with Streamex Exchange Corporation
BioSig Technologies, Inc. (NASDAQ: BSGM), a medical technology company, has entered into a Letter of Intent to merge with Streamex Exchange Corporation in an all-stock transaction, the company announced. “This merger represents a transformative opportunity for both our company and our shareholders,” BioSig CEO Anthony Amato said in a statement. “By joining forces with Streamex, we are…
Datadog acquires Eppo to enhance product analytics, experimentation capabilities
SAN FRANCISCO: Datadog, Inc. (NASDAQ: DDOG), a monitoring and security platform for cloud applications, announced Tuesday it has acquired Eppo, a feature flagging and experimentation platform, to integrate with its existing Product Analytics suite. Currently, developers must combine data from multiple tools across engineering, product and business teams to assess the impact of new features. Many…
Vencora acquires Australian banking technology firm Data Action
ADELAIDE: Vencora, a global acquirer of financial services technology companies, announced Monday it has acquired Data Action (DA), a leading Australian provider of core and digital banking solutions. The deal marks Vencora’s first acquisition of an Australian banking technology firm and significantly expands its presence in the region alongside its insurance technology business, SSP. Founded in 1986 as…
Erste Group Bank acquires 49% stake in Santander’s Polish unit for $7.7 billion
WARSAW: Austria’s Erste Group Bank has acquired a 49% stake in Santander Bank Polska, the Polish unit of Spain’s Santander, in a deal valued at approximately 6.8 billion euros ($7.7 billion), the banks announced Monday. Shares of Santander Bank Polska fell around 5% following the news, while Erste’s stock surged 6.46%. Santander shares were up 0.3%…
Tow4Tech raises $1.5 million in pre-seed funding to transform commercial-fleet towing
Tow4Tech, a pioneering SaaS-based platform aimed at modernizing the commercial-fleet towing industry, has secured $1.5 million in pre-seed funding. The investment round was led by BrightCap Ventures, an early-stage venture capital firm headquartered in Sofia, Bulgaria, an emerging technology hub in Europe. With the commercial-fleet towing sector valued at approximately $12 billion, Tow4Tech is focused on streamlining…
Adidas says U.S. tariffs will force price hikes
HERZOGENAURACH: Sportswear giant Adidas said Tuesday that U.S. tariffs imposed by the Biden administration will lead to higher prices for all its products in the American market, though the company has yet to determine the exact increase. Despite a sharp rise in first-quarter profits, Adidas said ongoing global trade disputes prevented it from raising its…
Migrant workers in Canada face lengthy paperwork delays, risking legal status and basic rights
Migrant workers in Canada are experiencing severe delays in processing their work permits and residency applications, leaving many without legal status, access to health care, or the right to work—forcing some into exploitative situations, according to interviews and government data obtained by Reuters. The growing backlog in immigration applications, coupled with shifting policies, has left…