Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions company has entered into a strategic engagement with Hoist Finance AB, a pan European financial services company, to provide Banking-as-a-Service for Performing Loans segment through its Digital Banking Platform. Klaus-Anders Nysteen, CEO, Hoist Finance, said, “The strategic partnership with LTI is in line…
The Boards of Directors of Bittrex Global GmbH and Bittrex Global Ltd have confirmed that Tom Albright is stepping down from his role as CEO of both companies effective today. Stephen Stonberg, current CFO and COO of Bittrex Global, has been appointed by the Boards to serve as interim CEO, to oversee management of the…
On Lok has announced the appointment of Kanwar Singh as Chief Financial Officer (CFO). Singh will succeed Gary Campanella, who has been with the organization for five years and will retire at the end of June. As CFO, Singh will oversee the organization’s finances and property portfolio, across On Lok’s programs and services, including: On…
AT&T Inc. and Discovery, Inc. have announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would receive…
Remediant, Inc. the provider of Zero Trust, Just-In-Time Privilege Access Management (PAM) software, has announced the appointment of Raj Dodhiawala as President of the Company reporting to CEO Tim Keeler. In this role, Raj will lead strategy and oversee execution of all aspects of Remediant’s business, including customer acquisition, go to market and corporate strategy…
Lenovo, a global technology firm, has announced the appointment of Dinesh Nair as Director – Consumer Business, India. He succeeds Lenovo India’s Site Leader and Managing Director of Lenovo’s PC and smart device India business – Shailendra Katyal. Shailendra Katyal, Managing Director of Lenovo India, said, “During this difficult time in India, we are working…
MasterClass, the streaming platform, has announced that it has raised $225M in Series F funding, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures. The Series F financing follows a $100M Series E round that…
AffaMed Therapeutics, a global clinical stage biopharmaceutical company, has announced the appointment of Vijay Karwal as Chief Financial Officer. Reporting to AffaMed’s CEO Dr. Dayao Zhao, Mr. Karwal will be responsible for all aspects of financial management and will work closely with AffaMed’s leadership team. “We are extremely pleased to have Vijay join AffaMed at…
Palo Alto Networks, the global cybersecurity provider, has announced the appointment of Aparna Bawa to the company’s board of directors. “Aparna is a proven leader who has helped technology companies rapidly scale, and I’m pleased to welcome her to our board,” said Nikesh Arora, chairman and CEO of Palo Alto Networks. “She embodies our commitment…
Lenskart, an omni-channel eyewear retailer in India, and KKR, a global investment firm, has announced the signing of definitive agreements under which KKR will invest US$95 million in Lenskart via a secondary stake acquisition. Upon the completion of the transaction, KKR will look to leverage its experience working with technology and eyewear companies globally to…
Pine Labs, Asia’s merchant commerce platform, has announced that it has completed a new round of financing from public market cross-over investors including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management. Existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round. In this…
Synechron, a digital transformation consulting firm for the financial services industry, has announced robust growth plans. It plans to add up to 2,000 professionals as lateral joiners in FY 2021. This hiring plan is being strategized to fulfil the company’s growth and progression plans for its India operations in Pune, Bengaluru, Hyderabad, Mumbai, and Chennai. Additionally, Synechron will look at fulfilling open positions…
Siguler Guff, a multi-strategy private equity investment firm with $15 billion of assets under management, has announced that it has raised $240 million for its first direct investment emerging markets fund, GEMCo. GEMCo is backed by a global investor base that includes public and corporate pension plans, insurance companies, sovereign wealth funds, endowments, foundations and…
Summit Nanotech Corporation has announced the opening of their $US 10M private placement Series A Financing Round. The Financing is anticipated to close in July 2021. Funds raised will be used to advance Summit’s denaLiTM DLE (direct lithium extraction) technology from the current pilot scale stage to a larger demonstration scale stage. Summit Nanotech is a Calgary-based cleantech company that…
Kaiyo, a full-service marketplace for furniture, has announced that it has raised $5M in funding led by Moderne Ventures, with full participation from Lerer Hippeau and Max Ventures. The capital injection will be used to continue the brand’s domestic growth beginning with Washington D.C., and to create impactful relationships within the Northeast’s real estate market. “Since our founding, Kaiyo…