CAIRO, EGYPT: valU, Egypt’s leading buy-now pay-later fintech platform, announced that it was recognized as the “Fintech Company of the Year” at the Tech Innovation Awards 2021, hosted by Entrepreneur Middle East of BNC Publishing on 6th of October at the Raffles Hotel in Dubai. valU was lauded for its outstanding achievements and growth, with…
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AppLovin to acquire Twitter’s MoPub business for $1.0bn
PALO ALTO: AppLovin Corporation, a leading marketing software company, has entered into a definitive agreement to acquire Twitter Inc.’s MoPub business for approximately $1 billion. The closing of the transaction is subject to customary conditions and regulatory approvals. “We are excited by the opportunity to grow the AppLovin platform and further enhance our publisher monetization…
Huawei appoints Steven Yi regional president for Middle East
DUBAI, UAE: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, has announced the appointment of Steven Yi as President for the Middle East at Huawei. In his role, he will work with both regional and global ICT ecosystem partners towards Huawei’s vision to bring digital to every person, home,…
EFG Hermes partners Microsoft to accelerate digital transformation
CAIRO, EGYPT: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and Microsoft announced a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the financial services industry, a statement said. The companies will strike a unique collaboration to unlock the opportunities that Microsoft’s…
UK’s CDC backs Fatima Gobi Ventures’ Pakistan-focused fund
KARACHI: CDC Group (CDC), the UK’s development finance institution and impact investor, has made an anchor investment in Techxila Fund I, a fund managed by local venture capital (VC) firm Fatima Gobi Ventures (FGV). CDC’s commitment will help to boost Techxila Fund I’s investments in Pakistan-focused early stage startups, helping to drive transformational impact and…
MISSO Wealth Management to join Focus Partner Firm Connectus Wealth Advisers
NEW YORK: Focus Financial Partners Inc. , a leading partnership of fiduciary wealth management firms, entered into a definitive agreement under which MISSO Wealth Management (MISSO), a boutique wealth management firm headquartered in Brisbane, Queensland, will join Connectus Wealth Advisers . This transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions. Founded in 2001…
Sony buys videogame-remake studio Bluepoint
AUSTIN, TEXAS: Sony Group is acquiring Bluepoint Games, a studio best known for remaking classic PlayStation videogames. Terms of the acquisition were not announced. In recent years, Bluepoint won acclaim for its “Demon’s Souls” remake for the PS5, which has sold about 1.4 million copies since its release last November, along with its remake of…
West Monroe acquires Verys
CHICAGO: West Monroe, a digital consulting firm, acquired Verys, a Santa Ana, California-based product engineering services firm. The acquisition comes on the heels of the firm’s announcement last week that it is making a $250 million investment in continuing to build its end-to-end digital services in response to unprecedented client demand, and particularly in building…
Emplifi Inc. acquires Go Instore
NEW YORK: Emplifi Inc. has acquired SYM-SYS LTD (Go Instore), a pioneer in live commerce software. Headquartered in London, UK, Go Instore leverages immersive HD live video to connect customers with a brand’s data driven product experts. Their leading-edge video technology provides brands with a new channel via which they can engage with and serve…
Innodata wins data analytics contract with world’s leading bank
NEW YORK: Innodata Inc. , a leading data engineering company, has won a contract with one of the world’s largest banks to provide AI-enhanced data feeds and a data analytics platform. Innodata anticipates the five-year contract will result in approximately $2 million per year in subscription revenue during the initial two years and approximately $2.4 million per…
JCDecaux wins iconic Sydney Trains advertising contract
PARIS, FRANCE: JCDecaux SA announced the Sydney Trains appointed the company as its main advertising partner across the concourses and platforms of train stations for a term of up to 10 years. The contract win also represents the largest individual roadside Large Format contract in New South Wales (NSW) and delivers unparalleled Digital Large Format…
Buchanan Technologies buys Cybernoor to expand managed IT solutions
MISSISSAUGA, ONTARIO: Buchanan Technologies, a leading managed IT solutions firm, has acquired Cybernoor, an expert in Oracle application performance management solutions. Founded in 2007, Cybernoor is a top global provider of Oracle platform solutions and serves customers with some of the largest Oracle implementations in the world. Cybernoor has been recognized by Oracle Corporation as…