Nium, a global payments platform, has announced that it has signed a definitive agreement to acquire Wirecard Forex India Pte. Ltd – a foreign currency exchange, pre-paid card, and remittance service provider in India. Wirecard Forex is licensed by the Reserve Bank of India as an Authorized Category II Money Exchange Dealer (AD II) and…
RamSoft, a healthcare IT software and services company, has announced it has taken a majority stake in Meddiff Technologies, a medical imaging solutions company. According to a statement, this acquisition will accelerate RamSoft’s product development by combining the product lines and expertise of Meddiff and RamSoft. The company will add over 50 employees and a…
10Web, a startup that automates website hosting and building with AI, has announced a $2M funding round for its Automated WordPress Platform from Sierra Ventures and AI Fund. Speaking on the investment, 10Web’s CEO Tigran Nazaryan, said, “Tens of millions of WordPress websites are built every year, and an average website launch takes 5 weeks!…
Encora, a global next-gen product engineering provider, has announced the acquisition of Daitan, a provider of software engineering services. The acquisition added 600 engineers and proprietary product capabilities, expanding Encora’s global talent pool to 5,500 engineers, according to a statement. Daitan has offices in San Ramon, CA and R&D centers in Victoria, British Columbia, Canada…
Aleph Farms, the cultivated meat company growing steaks directly from non-genetically modified animal cells, has announced the completion of a $105 million Series B funding round. The funding round was led by the Growth Fund of L Catterton, a global consumer-focused private equity firm, and DisruptAD, a venture platform in the Middle East. It also…
India’s payment solutions platform for NGOs DanaMojo has secured Rs 3.05 crores from Rohini Nilekani. The latest funding round also saw participation from Social Alpha, Pravin Gandhi, Seedfund Venture Fund’s General Partner and Vasanthi Anand. “This investment is extremely encouraging for social entrepreneurs in India. With my experience in the NGO space, I understand the need…
Kootenay Silver Inc. has announced that Hans Smit, P.Geo. has agreed to join the Kootenay team as a technical advisor. James McDonald, President and CEO, commented, “the Company is very excited to welcome Hans as an advisor to the Kootenay team. Kootenay has been very successful in developing a large portfolio of silver assets in…
Elys Game Technology, Corp., an interactive gaming and sports betting technology company, has announced that it has entered into a definitive purchase agreement to acquire 100% of Bookmakers Company US LLC, a Nevada limited liability company doing business as U.S. Bookmaking. Founded in 2016, USB is a provider of sports wagering services such as design…
Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) announced that it has advised Platinum Equity on its acquisition of Solenis, a global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice (CD&R) and BASF in a transaction that implies an enterprise value for Solenis of $5.25…
Rimini Street, Inc. a global provider of enterprise software products and services, a third-party support provider for Oracle and SAP software products and a Salesforce partner, has announced the promotion and appointment of Daniel Benad to group vice president and regional general manager, Australia, New Zealand and South Pacific (OCEANIA). In this role, Benad is…
Rohde & Schwarz is aiming to strengthen its position in quantum technology market by acquiring Zurich Instruments AG. Peter Riedel, President and COO of Rohde & Schwarz, explained, “We are looking forward to developing technological solutions for the future together with Zurich Instruments. We are also strengthening our position in the scientific realm. Rohde &…
TELUS International, a digital customer experience (DCX) innovator that designs, builds and delivers next-generation solutions for global and disruptive brands, has announced the acquisition of Bangalore-based Playment, a provider of data annotation and computer vision tools and services specialized in 2D and 3D image, video and LiDAR. The acquisition follows TELUS International’s recent purchase of…
Skyroot Aerospace, India’s private space launch company, has announced that it is set to take the global stage with help from its recent $11 million Series A capital raise. Founded in 2018, by former Indian Space Research Organization’s (ISRO) scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace will use the funding to acquire…
SGS group has announced the appointment of Shashibhushan Jogani as the Managing Director of SGS India and the Sub-region Manager for Bangladesh, India and Sri Lanka, effective June 1, 2021. Shashi succeeds Cresenciano G. Maramot in this role and would be based in Mumbai, India. Prior to this appointment, Shashi was leading the SGS Indonesia…
Norwegian Cruise Line has announced that it has onboarded Eamonn Ferrin as Vice President – International Business. A statement made by the company said, “Ferrin will oversee NCL’s sales efforts outside of the US and Canada and grow the company’s international footprint by deepening existing travel relationships, reaping new business, and further integrating international source…