Category: Wire

KARACHI, PAKISTAN: TPL Insurance Limited – Window Takaful Operations (WTO), one of the leading insurance providers in Pakistan, has partnered with Takaful Bazaar, an upcoming Takaful digital platform, to offer shariah-compliant services to customers. The partnership aims to promote and offer Shariah Compliant products and smooth the customer handling journey via technology enablement. At an…

DENVER, COLORADO: Liberty Global plc has acquired 1.335 million shares in Vodafone Group representing 4.92% of the outstanding share capital. The transaction was principally funded through an attractive non-recourse financing, requiring equity funding from Liberty Global of approximately £225 million. Mike Fries, CEO of Liberty Global, commented, “We believe, like many others, that Vodafone’s current…

NEW YORK: Accenture (NYSE: ACN) has acquired Morphus, a privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, expanding its practice capabilities in Brazil and Latin America. Financial terms were not disclosed. Founded in 2003, Morphus is headquartered in Fortaleza, which is in the Ceará region in northeastern Brazil, with offices…

KARACHI: Visa signed an MoU with WIZZIT to bring innovative payment solutions to Pakistan. According to the MOU, Visa will invest in adding new payment solutions through the WIZZIT mobile app that will provide, low cost, seamless and secure payment solutions including Tap to phone services for merchants and SMEs across the country for the…

EFG Hermes, exit Pakistan, brokerage and investment services, KARACHI, PAKISTAN: EFG Hermes, an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions, has decided to pursue exit options from two markets namely Pakistan and Jordan, and we are currently in advanced stages of agreeing an exit from…

VANCOUVER, BRITISH COLUMBIA: Semtech Corporation (Nasdaq: SMTC) has completed the acquisition of Sierra Wireless Inc. (Nasdaq: SWIR) in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. This transaction nearly doubles Semtech’s annual revenue and adds approximately US$100 million of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be…

Mortgage rates are still double compared to a year ago, but housing prices are easing since June. A monthly housing sentiment index from Fannie Mae showed sentiment improving from November to December. The index is still lower than it was a year ago and just slightly off its record low set in October and November….

MILWAUKEE: Badger Meter Inc. (NYSE: BMI) announced the acquisition of Syrinix Ltd., a privately held provider of intelligent water monitoring solutions, for £15 million. Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, Badger Meter, stated, “We are pleased to add the hardware-enabled software capabilities of Syrinix into our smart water solutions portfolio. Leveraging our…

HEIDELBERG, GERMANY: Bruker Corporation (Nasdaq: BRKR) announced the acquisition of ACQUIFER Imaging GmbH, a pioneer in big-data management solutions for bioimaging and high-content microscopy. This acquisition adds high-performance on-premise processing, secure storage and networking technology that complements Bruker’s advanced fluorescence microscopy imaging products, such as light-sheet and super-resolution microscopy products, which generate high information content….