PHOENIX: QuoteMedia, Inc. (OTCQB: QMCI), a prominent provider of financial data and applications, has released its financial outcomes for the fiscal year concluding on December 31, 2023. The company, known for supplying cost-effective and superior stock market data, has reported an 8% increase in annual revenue, reaching $18.9 million, up from $17.5 million the previous…
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Core & Main to acquire HDPE products company GSC
Core & Main Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all of the assets of Geothermal Supply Company Inc. (GSC). GSC is a leading distributor and fabricator of high-density polyethylene (HDPE) pipe and other related products, primarily serving the geothermal, water and sewer industries from a single location in Kentucky. “Adding…
IQVIA and Salesforce expand partnership to develop Life Sciences Cloud
IQVIA (NYSE:IQV) and Salesforce (NYSE:CRM) have announced an expanded strategic partnership to fast-track the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform for the life sciences industry. The collaboration builds on IQVIA’s Orchestrated Customer Engagement (OCE) platform, aiming to integrate it with Salesforce’s cloud services to create a unified engagement solution. The…
Buyers Edge Platform raises $425 million in investment round led by General Atlantic Credit
NEW YORK: Buyers Edge Platform, a pioneer in digital procurement for the foodservice sector, has announced a substantial $425 million preferred equity investment. The investment round is spearheaded by General Atlantic Credit’s Atlantic Park fund, with notable contributions from Blackstone Tactical Opportunities and Morgan Stanley Tactical Value funds. The infusion of capital is set to…
Tradeweb Markets to acquire Institutional Cash Distributors (ICD) for $785 million
NEW YORK: Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, has entered into a definitive agreement to acquire Institutional Cash Distributors, LLC (ICD), an institutional investment technology provider for corporate treasury organizations trading short-term investments, for $785 million. The purchase price is expected to…
ASEAN+3 region expected to grow by 4.5 percent in 2024
In the latest edition of the ASEAN+3 Regional Economic Outlook (AREO) 2024, the ASEAN+3 Macroeconomic Research Office (AMRO) has provided an optimistic forecast for the region’s economic growth. The report indicates an upward trend, with the ASEAN+3 region expected to grow by 4.5 percent in 2024, a slight increase from the 4.3 percent growth of…
Spring Investments SA appoints Jackie Ineke as Chief Investment Officer
ZURICH: Spring Investments SA, a renowned Swiss boutique fixed-income portfolio management firm, has announced the appointment of Ms. Jackie Ineke as its new Chief Investment Officer. Ms. Ineke, a distinguished figure in European banking credit analysis, brings over thirty years of experience to her new role. “We are thrilled to welcome Jackie to our team,”…
WTW appoints Sean Plankey as Global Leader Cybersecurity Software
WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Sean Plankey as Global Leader Cybersecurity Software. In this new role, Plankey, a leading cybersecurity expert, will spearhead the commercialization of WTW’s innovative cybersecurity software. Commenting on Plankey’s appointment, WTW CEO, Carl Hess, said, “Innovation and technology are central…
Hotel101 Global to merge with JVSPAC Acquisition Corp, and list on NASDAQ
Hotel101 Global Pte. Ltd., a subsidiary of the Philippine-based DoubleDragon Corporation, has announced a definitive merger with JVSPAC Acquisition Corporation. This strategic alliance is set to propel Hotel101, a trailblazer in the “condotel” sector, onto the NASDAQ stock exchange under the ticker symbol “HBNB.” With an anticipated post-transaction equity value surpassing US$2.3 billion, Hotel101 is…
Accenture has acquired Japanese technology services provider, CLIMB
Accenture (NYSE: ACN) has announced the acquisition of CLIMB, a renowned technology services provider known for its system integration, IT infrastructure management, and operations. This acquisition is set to fortify Accenture’s presence in the Gunma Prefecture, Japan, and add significant expertise to its global operations. CLIMB, established in 1989 in Maebashi City, has carved a…
KBO Bike announces expansion of e-bike product line
In the wake of increasing demand for sustainable and cost-effective transportation, KBO Bike has announced an ambitious expansion of its e-bike product line. The company’s recent launch of the K Series e-bikes has been met with remarkable success, selling over 1,000 units since March. This surge in sales underscores the brand’s growing influence in the…
Samsung Electronics anticipates a tenfold surge in Q1 profits for 2024
Samsung Electronics has announced expectations of a more than tenfold increase in profits for the first quarter of 2024 compared to the previous year. This optimistic projection is attributed to the recovery of chip prices from the post-pandemic lows and a burgeoning demand for artificial intelligence (AI) related products. As the leading global manufacturer of…