SAN FRANCISCO: CloudKeeper, a top cloud cost optimization and FinOps firm, reported $200 million in annualized revenue and $20 million in EBITDA for the last fiscal year, marking 50% year-over-year growth. The milestone solidifies its position as one of the fastest-growing companies in the global cloud cost management sector. The company’s growth was driven by aggressive customer acquisition and expansion into North America, where…
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Fox Corp acquires Mexico’s Caliente TV
NEW YORK: Fox Corp. said Thursday it has acquired Caliente TV, a Mexican sports broadcasting platform, in a move aimed at strengthening its sports content and expanding its streaming footprint in Latin America. Financial terms of the deal were not disclosed. The acquisition is part of Fox’s broader push into sports streaming, as the company…
Worthington Enterprises acquires Elgen Manufacturing for $93 million
COLUMBUS: Worthington Enterprises (NYSE: WOR) announced Wednesday it has acquired Elgen Manufacturing, a New Jersey-based producer of HVAC components, for approximately $93 million in cash. Elgen, headquartered in Closter, specializes in steel-based ductwork, framing and HVAC parts used in commercial buildings across North America. The company will join Worthington’s Building Products segment, broadening its offerings…
QXO proposes $5 billion all-cash acquisition of GMS Inc. at 27% premium
NEW YORK: QXO, Inc. (NYSE: QXO) announced Thursday it has submitted a proposal to acquire all outstanding shares of GMS Inc. (NYSE: GMS) in an all-cash transaction valued at approximately $5 billion, offering $95.20 per share — a 27% premium over GMS’s 60-day volume-weighted average price. Brad Jacobs, QXO’s chairman and chief executive, said the…
Buss Family agrees to sell majority stake in Los Angeles Lakers for $10 billion
LOS ANGELES: The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to businessman Mark Walter in a deal that values the storied NBA franchise at $10 billion. The sale would set a new record for an NBA team valuation. The Lakers play at Crypto.com Arena, which is owned by…
Fed holds rates steady, signals fewer cuts ahead amid inflation concerns
The Federal Reserve (Fed) held interest rates steady Wednesday, maintaining its target range of 4.25%-4.5% amid concerns over inflation and slowing economic growth. Despite expectations for two rate cuts later in 2025, officials scaled back their projections for reductions in 2026 and 2027, citing uncertainty in their economic outlook. The central bank’s “dot plot” indicated…
Diskover secures $7.5 million seed funding; Partners with Snowflake and NetApp, acquires CloudSoda
LOS ANGELES: Diskover, a leader in helping enterprises manage unstructured data at exabyte scale, announced Tuesday a series of major milestones: closing a $7.5 million seed funding round, forming partnerships with Snowflake and NetApp — both of which are now investors — and acquiring data intelligence platform CloudSoda. The moves mark a significant expansion for Diskover,…
Diamond Properties expands industrial portfolio with Ohio acquisitions
CINCINNATI: Diamond Properties, a real estate investment firm, has acquired two industrial properties in Ohio, strengthening its presence in logistics and distribution markets. The properties include 621 Wilmer Avenue in Cincinnati, a 79,544-square-foot industrial facility, and I-271 Commerce Center in Mayfield Village, a 90,560-square-foot facility in the Cleveland metropolitan area. Both assets are fully occupied….
Materna Medical closes $20 million Series B2 funding, announces new product name
MOUNTAIN VIEW: Materna Medical Inc., a women’s pelvic health company, has secured additional funding in its ongoing $20 million Series B2 financing round. New investors GLIN Impact Capital, Wealthing VC Club and Citrine Angels joined the round, led by InnovaHealth Partners and existing backers Wavemaker Three-Sixty Health, Kimera Limited, Women’s Venture Capital Fund and Golden…
Everfield acquires Denmark-based OnlinePOS in Nordic expansion move
RANDERS: Everfield, a European long-term software investor, has acquired OnlinePOS, a Danish provider of point-of-sale (POS) solutions for the hospitality and events sector, marking its first acquisition in Denmark and a significant step in its Nordic expansion. Founded in 2008, OnlinePOS offers a modular POS platform tailored for HORECA businesses, integrating traditional POS functionalities with…
Stearman Resources to acquire NeoCore Uranium in share deal, announces financing
VANCOUVER: Stearman Resources Inc. (CSE:STMN) said Tuesday it has agreed to acquire all outstanding shares of NeoCore Uranium Ltd., a private British Columbia-based company holding a uranium property in Saskatchewan’s Athabasca Basin. Under the deal, Stearman will issue 7.5 million common shares at $0.05 per share to NeoCore shareholders. The transaction, expected to close by…
Ardurra acquires Florida cultural resource management firm Janus
MIAMI: Ardurra Group Inc., a top U.S. engineering firm, has acquired Tampa-based Janus Research Inc., a 40-year-old cultural resource management (CRM) specialist, in a move that strengthens its ability to handle preservation-related projects in Florida. The deal positions Ardurra, ranked #75 on Engineering News-Record’s Top 500 list, as one of the state’s top three CRM…