STL, an industry integrator of digital networks, has reported a 30% YoY revenue growth in its financial results for the second quarter ended September 30, 2021. STL has recorded Rs 15.08 billion in revenues with ~43% coming in from the EMEA region and ~12% from Americas, demonstrating increased global traction for its integrated digital network…
Tide, a provider of digital business banking services in the UK, has announced that it has secured $100 million in the latest financing round led by Apax Digital Fund. “The Series C round, which has brought the total funding raised to date to $200 million, also saw participation from existing investors, including Anthemis, Augmentum, Jigsaw,…
Babcock International Group PLC, a UK based defence engineering firm, is laying off 1,000 employees worldwide. The step is undertaken to reduce its overall operating cost base. A statement made by the Group said, “We are changing our operating model to create a business that is more efficient and effective. We are reducing layers of…
Guide Education, a UK based education-tech company founded by former Headteacher Leon Hady, has raised £6 million (US$8.25 million) to address the increasing shortages of qualified teachers. The round is led by the UK Government Future Fund and other private investors. Novistra capital acted as advisors. Guide Education currently works with over 700 schools and…
GracoRoberts has entered into an agreement to acquire UK-based Silmid to forge aerospace-focused and specification-driven specialty chemicals distributor around the globe. The combination, including the December 2020 acquisition of Able Aerospace Adhesives, provides GracoRoberts with over 200 years of combined domestic and international aerospace expertise, most notably in the OEM, military and defense, and MRO…
Ericsson is set to strengthen it’s 5G leadership with the appointment of Katherine Ainley as Chief Executive Officer (CEO) for the United Kingdom and Ireland, effective 1 February 2021. Ainley will join Ericsson from BT where she has held a number of senior executive positions since 2007, including the recent roles of Managing Director of…
The United Kingdom government has recently announced its decision to launch a £4million “Innovation Challenge Fund” in India. The fund is focused on two major clusters, which include artificial intelligence and big data in Karnataka and future mobility in Maharashtra. The successful bidders are likely to have an international part from the UK. Launched on…
Amazon, the American e-commerce giant and cloud computing company has decided to open a new office in Manchester and will be creating more than 1000 jobs in the fields of research and development in the UK. The new Manchester office will be house at least 600 new employees working on software development, machine learning and research and…