WILMINGTON — iRobot Corp., the Massachusetts-based maker of consumer robots, filed for Chapter 11 bankruptcy protection after reaching a restructuring support agreement that will hand control of the company to Shenzhen PICEA Robotics Co. and Santrum Hong Kong Co. Under…
NEW YORK: Universal Maritime Solutions (Unimed), a medical and compliance solutions provider to the maritime industry, has acquired Elssi Maritime Services, a Greece and Cyprus-based leading provider of drug and alcohol testing to the maritime industry. Unimed is backed by…
LOWELL: UKG Inc., a leading global AI workforce management platform, has entered into a definitive agreement to acquire Inova Payroll, a U.S.-based human capital management (HCM) and payroll services provider for small and mid-sized businesses (SMBs). The acquisition, which is…
LONDON: BNP Paribas has entered into exclusive discussions for a potential sale of its 67% stake in its Moroccan subsidiary BMCI with the Holmarcom Group, a partner and shareholder of BMCI for 30 years. These discussions are at a preliminary…
HOUSTON – Spotlight Energy LLC said it has completed the acquisition of PathPoint Energy LLC, a natural gas trading and logistics firm, in a deal that strengthens its commercial platform across the United States and Canada. The transaction brings PathPoint’s…
NEW YORK: Starfighters Space, Inc., the aerospace company operating the world’s largest commercial supersonic aircraft fleet from NASA’s Kennedy Space Center, said on Thursday the U.S. Securities and Exchange Commission (SEC) has qualified its Post-Qualification Amendment to the Offering Statement….
AUSTIN – Sverica Capital Management LP said on Thursday it has sold its Fund V portfolio company, Coastal Cloud Holdings LLC, to Tata Consultancy Services Ltd (TCS) in a deal valued at $700 million. The transaction marks the end of…
AUSTIN: Vixul said on Thursday its portfolio company ScaleSec has been acquired by RKON Technologies, a move aimed at strengthening RKON’s cloud security capabilities. Under Vixul’s guidance, ScaleSec achieved financial maturity and operationalized customer acquisition strategies, resulting in stable revenue…
POINT PLACE – Value Added Distributors LLC (VAD), a U.S.-based distributor of hoses, tubes, fabricated rubber products and hydraulic filtration solutions, said on Thursday it has acquired L.T.L. Supply, a Green Bay, Wisconsin manufacturer of custom wire harnesses. The deal…
SUNNYVALE: California-based Azul Systems, the only company fully dedicated to Java, said on Thursday it has acquired Payara, a global provider of enterprise-grade Jakarta EE solutions, in a move aimed at accelerating application modernization and strengthening cloud-native deployments. The deal…
SAN FRANCISCO: Baseten, a company powering inference for some of the world’s fastest-growing artificial intelligence products, said on Thursday it has acquired Parsed, a reinforcement learning startup specializing in post-training and continual learning for large models. The deal brings Parsed’s…
HÖRSCHING: Austria’s POLYTEC Holding AG has sold its operational business in the United Kingdom to Britain’s WHS Group, a move aimed at sharpening its strategic focus and reducing debt. Under the agreement, WHS will take over POLYTEC’s ongoing UK operations…