Caton Technology (Asia) Limited, a next-generation IP network transport solutions provider has announced a US$50 million majority equity investment from Pasaca Capital Inc., a California-based private equity firm. This investment will support Caton’s expansion plans to reach more businesses, applications and people with its technology and solution to unlock the internet for superior live video.…
WeLab, a fintech company in Asia, has completed the initial close of Series C-1 funding, led by Allianz X for US$75 million. Allianz X is the digital investment unit of the Germany-based Allianz Group, an insurer and asset manager. Since inception in 2013, WeLab has raised more than US$600 million of strategic financing from investors.…
Tech Mahindra is planning to acquire Payments Technology Services Limited. The company is headquartered in Hong Kong and has approximately 109 employees. Payments Technology Services Limited was established in March 28, 2007 and is a payments solutions provider with a Banking and Financial Services (BFS) focus. The turnover of PTSL for the financial year ended…
According to new market research report by Mordor Intelligence, the market for Digital Signage is expected to grow at a CAGR of 8% during the forecast period. The growth in transport networks, public infrastructure, and new commercial buildings, particularly in developing economies is creating more opportunities in this market.