PROVIDENCIALES: Vision Ridge Partners, a global investor in sustainable real assets, has acquired FortisTCI Ltd., the electricity utility serving the Turks and Caicos Islands. The company has been rebranded as Pelican Energy TCI, signaling a renewed commitment to sustainable and resilient energy infrastructure across the territory. Terms of the transaction were not disclosed. Pelican Energy…
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CoreWeave to acquire OpenPipe, expanding AI agent training capabilities
NEW YORK: CoreWeave Inc. (NASDAQ: CRWV), the AI Hyperscaler™, said Thursday it has entered into a definitive agreement to acquire OpenPipe Inc., a developer-focused platform specializing in reinforcement learning (RL) for training AI agents. The acquisition strengthens CoreWeave’s position in the AI infrastructure market by integrating OpenPipe’s advanced RL frameworks into its high-performance cloud ecosystem….
Airwallex acquires OpenPay to launch global billing platform
SAN FRANCISCO: Airwallex, a global financial technology firm, said Wednesday it has acquired OpenPay, a San Francisco-based billing platform specializing in subscription management, payment orchestration and revenue analytics. The acquisition aims to integrate OpenPay’s capabilities into Airwallex’s global infrastructure, enabling businesses to automate and scale recurring revenue across borders. Financial terms of the deal were…
Empower Media and Ocean Media Merge to Form second-largest independent agency group in U.S.
NEW YORK: Empower Media and Ocean Media, two of the nation’s leading independent media agencies, have merged to form Empower Ocean Media Group, now the second-largest full-funnel independent media agency group in the United States. The newly formed entity will manage $1.5 billion in combined media billings, according to a statement. The merger brings together…
Metronet acquires US Internet to expand fiber footprint in Minneapolis
MINNEAPOLIS: Metronet, recently acquired by a joint venture between T-Mobile and KKR, announced Wednesday it has purchased US Internet (USI), a Minnetonka-based fiber provider serving more than 140,000 homes and businesses in the greater Minneapolis area. Terms of the deal were not disclosed. USI operates a 100% fiber network offering symmetrical internet speeds up to…
Global Indemnity’s subsidiary acquires Sayata to boost AI-driven insurance distribution
PHILADELPHIA: Global Indemnity Group, LLC (NYSE: GBLI) announced Wednesday that its subsidiary, Penn-America Underwriters, LLC (PAU), has acquired Sayata, an AI-powered digital distribution platform for commercial insurance. The acquisition aligns with GBLI’s strategic reorganization of PAU to focus on agency and insurance services. Sayata’s integration is expected to accelerate PAU’s roadmap by expanding distribution channels,…
Nvidia reports strong revenue, earnings as AI demand persists
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
Accenture to acquire NeuraFlash, expanding gen AI and salesforce capabilities
NEW YORK: Accenture (NYSE: ACN) said Thursday it has agreed to acquire NeuraFlash, a leading Salesforce and generative AI consulting firm, in a move to bolster its agentic AI and managed services offerings and expand its reach into mid-market industries globally. Based in Burlington, Massachusetts, NeuraFlash specializes in deploying agentic solutions across sales, service, and…
UserEvidence acquires Zealot, secures $7 million funding to advance customer advocacy platform
SAN FRANCISCO: UserEvidence, a leading customer evidence platform for go-to-market (GTM) teams, announced Thursday it has acquired Zealot, a fast-growing advocacy and reference management startup. The acquisition coincides with a $7 million funding round led by existing investors, bringing UserEvidence’s total funding to $21 million. The move marks a strategic expansion of UserEvidence’s capabilities, enabling…
CrowdStrike to acquire Onum in push to advance AI-powered SIEM capabilities
AUSTIN: CrowdStrike Holdings Inc (NASDAQ: CRWD) said on Wednesday it will acquire Madrid-based startup Onum, a specialist in real-time telemetry pipeline management, in a move aimed at enhancing its Falcon® Next-Gen SIEM platform and accelerating autonomous cybersecurity capabilities. The deal, valued at approximately $290 million, marks CrowdStrike’s latest strategic acquisition as it seeks to eliminate…
Aurelian raises $14 million to expand AI-powered 911 call automation across U.S.
SAN FRANCISCO: Aurelian, a fast-growing AI startup specializing in non-emergency call automation for 911 centers, announced Thursday it has raised $14 million in Series A funding. The round was led by NEA, with continued support from Y Combinator, FUSE, Liquid 2, and Palm Drive Capital. The company plans to use the investment to expand its…
Lego reports record-breaking first half with $5.4 billion in revenue
COPENHAGEN: Lego Group posted its strongest first-half performance in company history, reporting a 12% surge in revenue to 34.6 billion Danish kroner ($5.4 billion), according to its biannual earnings report released Wednesday. Operating profit rose 10% year over year to 9 billion kroner ($1.4 billion). “It’s the best first half ever,” CEO Niels Christiansen told…