Redlands, United States – ROSHN, the Kingdom of Saudi Arabia’s national real estate developer, backed by the country’s public investment fund (PIF), supports government efforts to increase the rates of homeownership while delivering high-quality living standards. The Saudi Arabia developer builds communities that look both to the nation’s heritage as well as evolving resident aspirations. To support its vision and ongoing projects in the region, ROSHN has signed a memorandum of understanding (MOU) with Esri, the global provider in location intelligence. (more…)
October 16, 2022
Posted by: Janmesh Chintankar
Ingersoll Rand Inc, a global provider of mission-critical flow creation and industrial solutions, has acquired Dosatron International L.L.C. and Dilution Solutions L.L.C. (collectively, “Dosatron International”) for an all-cash upfront purchase price of approximately $90 million, with additional future consideration of up to $15 million. (more…)
October 7, 2022
Posted by: Shriya Raban
Cambridge, United States. 29 September, 2022 – Epicore Biosystems, a digital health company developing advanced sweat-sensing wearables to provide real-time personalised hydration insights for performance and safety, announced a new collaboration with 3M‘s health care business, a manufacturer and distributor of medical products and solutions, and Innovize Inc. (Innovize), a custom medical device manufacturer. Leveraging 3M’s skin-interfacing materials and Innovize’s manufacturing capabilities, Epicore Biosystems will further scale its portfolio of advanced wearable hydration solutions. (more…)
October 4, 2022
Posted by: Janmesh Chintankar
Cambridge, United Kingdom – Arm announced the appointment of new board members Karen Dykstra, former chief financial and administrative officer of AOL and Jeff Sine, co-founder and partner of Raine Group, effective immediately. These highly qualified leaders bring a diverse range of expertise to Arm as the company prepares for a potential public listing. (more…)
September 29, 2022
Posted by: Janmesh Chintankar
Charlotte, N.C., 28 July 2022 – Honeywell has announced that Vimal Kapur, current president and CEO of Honeywell Performance Materials and Technologies (PMT), has been appointed to the role of president and chief operating officer (COO), effective immediately. The presidents of all Honeywell Strategic Business Groups will report to Kapur in his new role, while Kapur and all functional leaders will continue to report to chairman and CEO Darius Adamczyk. (more…)
July 29, 2022
Posted by: Shriya Raban
Hanoi, Vietnam. 30 May 2022 – Vietnam’s IT firm, FPT Software, has recently entered a strategic partnership with Silicon Valley AI and machine vision provider Landing AI. Both companies will tap into their Artificial Intelligence (AI) expertise, deploy end-to-end visual inspection solutions, and promote the adoption of computer vision across industries. (more…)
May 31, 2022
Posted by: Shriya Raban
Tampa, Florida. 30 May 2022 – ReliaQuest, a force multiplier of security operations, announced the appointment of two key members to the company’s executive team. Mike McPherson was named as senior vice president of security operations to lead ReliaQuest’s global security operations team. Regina Marrow joined the company as its chief information officer responsible for ReliaQuest’s global internal systems, digital transformation, infrastructure and technology initiatives. McPherson will report to Brian Murphy, founder and CEO, and Marrow will report to Greg Farrell, CFO. (more…)
May 30, 2022
Posted by: Shriya Raban
Sunnyvale, California – Quanergy Systems, Inc., a provider of LiDAR sensors and smart 3D solutions, announced that Audio Technology has selected Quanergy to provide perimetre intrusion detection to reduce false alarms, provide real-time tracking and classification, all while working under any lighting conditions. (more…)
May 26, 2022
Posted by: Shriya Raban
Tampa and San Francisco, United States. 16 May, 2022 – Syniverse, communications technology provider to carriers and enterprises, and Twilio, the customer engagement platform that drives real time, personalised experiences for today’s brands, announced that the companies have closed on their previously announced strategic partnership. Twilio has invested [$750 million (€720.50 million)] for common equity in Syniverse, and the two companies have expanded their strategic and commercial partnership. Twilio is now a significant minority owner of Syniverse with Carlyle maintaining its majority stake.
Under the terms of the transaction, Twilio has invested [$750 million (€720.50 million)] in Syniverse, with Syniverse concurrently having raised [$1.025 billion (€0.98 billion)] in new term loan debt and [$340 million (€326.63 million)] in new preferred equity, the proceeds of which were primarily used to reduce leverage.
Syniverse’s chief executive officer Andrew Davies comments, “This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world. Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetise the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders.”
Through this partnership, Syniverse will benefit from Twilio’s breadth of experience serving enterprise customers to capitalise on the next wave of growth in digital communications. Syniverse will also be even better positioned to serve its carrier customers and support continued innovation, customer service and lasting growth.
Simon Khalaf, Twilio’s senior vice president and GM of communications Platform, says “We are pleased to have closed this partnership and investment to accelerate the next wave of innovation in mobile communications and drive long-term growth.”
James Attwood, senior advisor at Carlyle and Chairman of Syniverse, says “Today marks a new day for Syniverse and for Carlyle’s investment in the business. We look forward to continuing to partner with Syniverse and Twilio to accelerate the next wave of innovation in intelligent connectivity and communications.”
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May 16, 2022
Posted by: Janmesh Chintankar
April 13, 2022
Posted by: Anasia D'mello
