Stratascale, an SHI company that provides digital transformation solutions, announced today the acquisition of Vector0, a provider of Attack Surface Management (ASM) software. The acquisition will enhance Stratascale’s ability to deliver cutting-edge, proactive cybersecurity services to its customers. ASM is a process of discovering, prioritizing, and mitigating critical security risks across an organization’s digital assets….
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Hexure acquires Vive to create a unified platform for life and annuity products
Hexure, a leader in sales and regulatory automation for life and annuity products, has acquired Vive, a platform that offers quotes and e-submissions for life insurance. The acquisition will create a unified distribution platform for the life and annuity industries that will deliver a modern enrollment experience for carriers, producers and clients. Vive is a…
Nissan to go all-electric in Europe by 2030
Nissan Motor Co announced on Monday that it will only sell electric vehicles (EVs) in Europe by 2030, as part of its global strategy to achieve carbon neutrality by 2050. The Japanese carmaker also said that all new models it launches in Europe will be fully electric, starting from now. Nissan CEO Makoto Uchida said…
Apple iPad mini 7 – What to expect from this compact powerhouse
Apple enthusiasts have been eagerly awaiting the release of the seventh-generation iPad mini, and according to a recent DigiTimes report, their patience is about to be rewarded. This new iteration of the iPad mini is expected to hit the market later this year, defying earlier rumors that suggested no new iPad models would be launched…
Lumi Shares Soar 30% on Debut on Riyadh Stock Exchange
Shares of Saudi Arabian auto rental firm Lumi soared as much as 30% on Monday at the company’s debut on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering (IPO). A unit of Saudi travel company Seera, Lumi listed 30% of its shares on the Saudi Tadawul exchange at an…
Amazon to invest $4 billion in AI startup Anthropic and partner on generative AI
Amazon, the e-commerce giant, announced on Monday that it will invest up to $4 billion in Anthropic, an artificial intelligence startup that specializes in generative AI. Amazon will also take a minority stake in the company and collaborate with it on advancing generative AI technology. Generative AI is a branch of AI that can create…
PlayStation Plus to lose 16 free games after October 17
PlayStation Plus subscribers will have to say goodbye to some of their favourite games as Sony has announced that 16 titles will no longer be available for free on the service after October 17. This is a big disappointment for gaming enthusiasts who enjoy playing these games without paying extra. Some of the popular games…
Rite Aid negotiating bankruptcy plan to close stores
Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include closing roughly 400 to 500 stores, according to a report in the Wall Street Journal on Friday. The company operates more than 2,330 drugstores in 17 U.S. states, although it is much smaller than rivals such as Walgreens Boots…
Microsoft to launch Windows 11 Moments update with AI helper Copilot
Microsoft announced that it will release the fourth Moments update for Windows 11 next week, which includes a preview version of Windows Copilot, an AI-powered assistant that can perform various tasks on the PC. Windows Copilot is the main feature of the update, and it will also be available in other Microsoft products and services,…
Ausenco to receive majority stake investment from Eldridge, Brightstar, and Claure Group
Eldridge, Brightstar Capital Partners (Brightstar), and Claure Group have entered into a definitive agreement to acquire a majority stake in Ausenco from Resource Capital Fund VI L.P. and other co-investors. Ausenco is a global integrated engineering and consulting services provider serving the minerals and metals industries and the energy transition sector. Zimi Meka, co-founder of…
KLDiscovery to acquire Cenza Technologies
KLDiscovery Inc. (KLD), a prominent global provider of electronic discovery, information governance, and data recovery services, has announced a definitive agreement to acquire the business of Cenza Technologies Private Limited (Cenza), an India-based alternative legal services provider (ALSP) specializing in Contract Lifecycle Management (CLM) and related solutions, document review, and Legal AI-driven services. Cenza, a…
Trimlite Equity, L.P. acquires Francis-Schulze Company
Trimlite Equity, L.P. (Trimlite), a portfolio company of Wynnchurch Capital, has recently completed the acquisition of Francis-Schulze Company (F-S), a renowned distributor of exterior door products and hardware. While specific financial details remain undisclosed, members of the Francis and Schulze families will continue as shareholders in Trimlite. Founded in 1957 and headquartered in Russia, Ohio,…