MINNEAPOLIS: Metronet, recently acquired by a joint venture between T-Mobile and KKR, announced Wednesday it has purchased US Internet (USI), a Minnetonka-based fiber provider serving more than 140,000 homes and businesses in the greater Minneapolis area. Terms of the deal were not disclosed. USI operates a 100% fiber network offering symmetrical internet speeds up to…
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Global Indemnity’s subsidiary acquires Sayata to boost AI-driven insurance distribution
PHILADELPHIA: Global Indemnity Group, LLC (NYSE: GBLI) announced Wednesday that its subsidiary, Penn-America Underwriters, LLC (PAU), has acquired Sayata, an AI-powered digital distribution platform for commercial insurance. The acquisition aligns with GBLI’s strategic reorganization of PAU to focus on agency and insurance services. Sayata’s integration is expected to accelerate PAU’s roadmap by expanding distribution channels,…
Nvidia reports strong revenue, earnings as AI demand persists
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
Accenture to acquire NeuraFlash, expanding gen AI and salesforce capabilities
NEW YORK: Accenture (NYSE: ACN) said Thursday it has agreed to acquire NeuraFlash, a leading Salesforce and generative AI consulting firm, in a move to bolster its agentic AI and managed services offerings and expand its reach into mid-market industries globally. Based in Burlington, Massachusetts, NeuraFlash specializes in deploying agentic solutions across sales, service, and…
UserEvidence acquires Zealot, secures $7 million funding to advance customer advocacy platform
SAN FRANCISCO: UserEvidence, a leading customer evidence platform for go-to-market (GTM) teams, announced Thursday it has acquired Zealot, a fast-growing advocacy and reference management startup. The acquisition coincides with a $7 million funding round led by existing investors, bringing UserEvidence’s total funding to $21 million. The move marks a strategic expansion of UserEvidence’s capabilities, enabling…
CrowdStrike to acquire Onum in push to advance AI-powered SIEM capabilities
AUSTIN: CrowdStrike Holdings Inc (NASDAQ: CRWD) said on Wednesday it will acquire Madrid-based startup Onum, a specialist in real-time telemetry pipeline management, in a move aimed at enhancing its Falcon® Next-Gen SIEM platform and accelerating autonomous cybersecurity capabilities. The deal, valued at approximately $290 million, marks CrowdStrike’s latest strategic acquisition as it seeks to eliminate…
Aurelian raises $14 million to expand AI-powered 911 call automation across U.S.
SAN FRANCISCO: Aurelian, a fast-growing AI startup specializing in non-emergency call automation for 911 centers, announced Thursday it has raised $14 million in Series A funding. The round was led by NEA, with continued support from Y Combinator, FUSE, Liquid 2, and Palm Drive Capital. The company plans to use the investment to expand its…
Lego reports record-breaking first half with $5.4 billion in revenue
COPENHAGEN: Lego Group posted its strongest first-half performance in company history, reporting a 12% surge in revenue to 34.6 billion Danish kroner ($5.4 billion), according to its biannual earnings report released Wednesday. Operating profit rose 10% year over year to 9 billion kroner ($1.4 billion). “It’s the best first half ever,” CEO Niels Christiansen told…
Ooma Inc reports Q2 earnings growth, raises full-year profit outlook
REDWOOD CITY: Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, on Wednesday reported financial results for its fiscal second quarter ended July 31, 2025, showing year-over-year growth in revenue, net income, and adjusted EBITDA. The company posted total revenue of $66.4 million, up 3% from the same period last…
Relation Insurance Services acquires Bridlewood Insurance Services
SAN DIEGO: Relation Insurance Services (“Relation”) announced Wednesday that it has acquired the assets of Bridlewood Insurance Services, Inc. (“Bridlewood”), a fast-growing Medicare-focused agency based in San Diego. The transaction, effective Aug. 1, 2025, expands Relation’s national footprint and deepens its Medicare expertise. Terms of the deal were not disclosed. Founded by Jeff Wetzel to…
Balmoral Funds acquires Wilbur-Ellis Nutrition, rebrands as Rangen
LOS ANGELES: Balmoral Funds LLC has acquired Wilbur-Ellis Nutrition, LLC, a leading provider of custom nutrition products for the Pet, Aquaculture and Livestock markets, from Wilbur-Ellis Holdings II, LLC. The newly independent company will operate under the historic brand name Rangen. The acquisition includes the full Nutrition business of Wilbur-Ellis, encompassing product lines such as…
ProAmpac to acquire PAC Worldwide, expanding global packaging capabilities
REDMOND: ProAmpac, a global leader in flexible packaging and material science, announced Wednesday it has signed a definitive agreement to acquire PAC Worldwide, a provider of innovative packaging solutions. Financial terms of the deal were not disclosed. The acquisition marks a strategic move to create a fully integrated packaging platform, combining ProAmpac’s material science expertise…