SEONG-NAM CITY: Smart Radar System Inc., a leader in image radar technology for automotive and industrial applications, has succeeded in attracting 11.2 Billion Korean Won ($10+ million USD) in investments from domestic and foreign venture capital and strategic investors. Despite the decline in corporate activities due to the COVID-19 pandemic, Smart Radar System Co., Ltd….
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State Administration for Market Regulation China investigates Alibaba
HANGZHOU: Alibaba Group Holding Limited announced that it received a notice of investigation from the State Administration for Market Regulation (SAMR) of the People’s Republic of China. The Notice states that the SAMR has commenced an investigation pursuant to the Anti-Monopoly Law of the People’s Republic of China. “We will actively cooperate with the SAMR’s…
COVAXX and Aurobindo Pharma announce COVID-19 vaccine partnership
HAUPPAUGE: COVAXX, a U.S. company developing UB-612 a multitope peptide-based vaccine to fight COVID-19, announced an exclusive agreement with Aurobindo Pharma to expand its global development and commercialization of UB-612 to India and the United Nations Children’s Fund (UNICEF) agency. “COVAXX is committed to providing an equitable distribution of UB-612 vaccine by prioritizing markets where…
ChrysCapital-backed Infogain acquires AI & analytics pioneer Absolutdata
LOS GATOS: Infogain, a Silicon Valley-based leader in human-centered digital platform and software engineering services, announced its acquisition of Absolutdata, a San Francisco Bay Area-based AI and Advanced Analytics company serving Global 500 clients. Absolutdata’s award-winning NAVIK AI platform and 300 world-class data scientists will significantly enhance Infogain’s ability to engineer superior business outcomes for…
Hyatt announces plans for a new Hyatt Regency Hotel in San Francisco
CHICAGO: Hyatt Hotels Corporation announced that a Hyatt affiliate entered into a franchise agreement with 50 Third Street Owner LP for Park Central San Francisco to join the Hyatt portfolio as an affiliated hotel, effective Friday, December 18, 2020. The hotel is managed by Highgate and expected to rebrand to Hyatt Regency San Francisco Downtown…
BlueCrest acquires BCC Software
DANBURY: BlueCrest, an industry-leading global technology provider, announced the acquisition of BCC Software, a leader in postal and presort software solutions in North America for over 40 years. BCC Software will become BCC Software, a BlueCrest Company. In August 2019, BlueCrest and BCC Software announced a partnership to offer best-in-class postal optimization and mail tracking…
Golden Falcon Acquisition Corp. announces closing of $345 million IPO
NEW YORK: Golden Falcon Acquisition Corp. announced that it closed its initial public offering of 34.5 million units, which included the full exercise of the underwriters’ over-allotment option. The offering was priced at $10 per unit, generating total gross proceeds of $345 million. The units are listed on the New York Stock Exchange (NYSE) and…
FCPT announces $14.5 million acquisition of Bloomin’ Brands Properties, PNC Bank
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of two Outback Steakhouses and one Carrabba’s properties for $12.9 million, and acquisition of a PNC Bank for $1.6 million. The Bloomin’ Brands Properties are located in dense retail corridors in Florida. All three properties are corporate-operated under triple net leases with a weighted average…
Polaris Inc. appoints Michael Speetzen as Interim CEO
MINNEAPOLIS: Polaris Inc. announced its Board of Directors appointed Michael Speetzen, Polaris’ executive vice president and Chief Financial Officer, to serve as interim Chief Executive Officer. John Wiehoff, the Company’s Lead Independent Director, has been appointed Chair of the Board; and Bob Mack, Polaris’ senior vice president of Corporate Development & Strategy and president of…
Ajinomoto Cambrooke acquires Nualtra Ltd.
AYER: Ajinomoto Cambrooke Inc. has acquired Nualtra Limited, a medical nutrition company offering life-enhancing oral nutritional supplements in the UK and Ireland, a news release said. Cambrooke, a global leader and innovator in therapeutic nutrition for inborn errors of metabolism, ketogenic diet therapy, disease-related malnutrition, and, most recently, severe protein allergy, continues to expand its…
ServiceSource celebrates 10-year milestones in Asia and Europe
DENVER: ServiceSource International Inc., the customer journey experience company, recently celebrated its longevity in key markets within Asia Pacific and Europe, marked by 10 years of operating in Singapore, Liverpool and Kuala Lumpur. When the company began its global expansion by opening its first international office in Dublin in 2005, it embarked on a strategy…
Datadog Helps ParkMobile migrate to the cloud and eliminate data center
NEW YORK: Datadog Inc. announced that ParkMobile, the leading provider of smart parking and mobility solutions in the U.S., has utilized Datadog for monitoring, APM, and logging during its migration from an on-premises environment to a cloud-based environment on Amazon Web Services. ParkMobile helps millions of people easily find and pay for parking on their…