Innovation

Vistra Names Abdel Hmitti As Managing Director And Global Head of Funds

By Amit Chowdhry ● Feb 21, 2024

Vistra (one of the world’s leading funds service providers) announced the appointment of Abdel Hmitti as Managing Director and Global Head of Funds. Reporting to William Douglas (Vistra's Chief Commercial Officer), Hmitti’s addition to the team marks a significant milestone in Vistra's growth journey.

Agilio Receives New Investment From Five Arrows And TA

By Amit Chowdhry ● Feb 21, 2024

Agilio - a leading UK frontline healthcare operations software provider - announced a strategic growth investment from Five Arrows (the alternative assets arm of Rothschild & Co) and TA Associates to support the next phase of the company’s ambitious expansion plans.

S&P Global Buying Visible Alpha: Details

By Amit Chowdhry ● Feb 21, 2024

S&P Global has announced an agreement to acquire Visible Alpha (the financial technology provider of industry and segment consensus data, sell-side analyst models, and analytics from exclusive sources). This acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.

Rockwell Automation Reveals Direct Air Capture Carbon Removal Credit Agreement With 1PointFive

By Amit Chowdhry ● Feb 21, 2024

Rockwell Automation (the world's largest company dedicated to industrial automation and digital transformation) has announced an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive's Direct Air Capture (DAC) facility under construction in Texas.

Sigma Defense Buying Juno Technologies: Details

By Amit Chowdhry ● Feb 21, 2024

Sigma Defense (a portfolio company of Sagewind Capital and a leading provider to the U.S Department of Defense) recently announced the acquisition of Juno Technologies. Juno Technologies specializes in delivering IT engineering, systems integration, software development, and technical support to the Department of Defense (DoD).

Why Cadre Holdings Is Buying Alpha Safety For $106.5 Million

By Amit Chowdhry ● Feb 21, 2024

Cadre Holdings (a global leader in the manufacturing and distribution of safety and survivability equipment) announced it has entered into a definitive agreement to acquire Alpha Safety Intermediate, LLC (the operating parent of Alpha Safety, a leading nuclear safety solutions company) for $106.5 million excluding working capital and certain other adjustments upon closing.

Why Xalts Is Buying Contour Network

By Amit Chowdhry ● Feb 21, 2024

Xalts - a company that is used by financial institutions and businesses to build and manage digital finance applications - announced its acquisition of Contour Network (owned by a consortium of global banks to accelerate digitization in trade and supply chain finance).

RedBird IMI Buying Global Production Company All3Media

By Amit Chowdhry ● Feb 21, 2024

RedBird IMI recently announced that it has agreed to acquire All3Media, one of the world’s leading independent television production and distribution companies, from its joint owners Warner Bros. Discovery and Liberty Global for £1.15 billion. RedBird IMI is a joint venture between RedBird Capital Partners and International Media Investments focused on building high-growth companies in media, entertainment, and sports.

Vertical Aerospace Receives £8 Million Grant Funding From UK Government

By Amit Chowdhry ● Feb 21, 2024

Vertical Aerospace (a global aerospace and technology company that is pioneering zero-emissions aviation) announces it has been awarded £8 million ($10 million) in grant funding by the UK Government through the Aerospace Technology Institute (ATI) Programme, to develop its next-generation propellers for use on its VX4 aircraft.

Why Allurity Is Buying SRLabs

By Amit Chowdhry ● Feb 21, 2024

Allurity (a European group of leading tech-enabled cybersecurity companies) has completed the strategic acquisition of Security Research Labs (SRLabs), a globally recognized cyber consultancy based in Berlin and Hong Kong. This acquisition marks an important milestone as SRLabs brings unique expertise that enhances Allurity's market position and strengthens its capabilities to deliver a holistic cybersecurity offering.

Walmart To Acquire VIZIO For $2.3 Billion: Details

By Amit Chowdhry ● Feb 20, 2024

Walmart and VIZIO announced today that they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve customers in new ways, including innovative television and in-home entertainment and media experiences.

Monumental: Robotics Company Raises $25 Million

By Amit Chowdhry ● Feb 20, 2024

Monumental – a robotics startup on a mission to solve the labor, cost, and sustainability challenges crippling the global construction industry – announced it has raised $25 million in funding led by Plural and Hummingbird. Northzone, Foundamental, NP-Hard Ventures and Material Ventures, and other high-profile angel investors also joined the round.

Recogni: AI-Based Computing Leader Company Secures $102 Million

By Amit Chowdhry ● Feb 20, 2024

Recogni - a leader in AI-based computing - announced the closing of $102 million in Series C funding, co-led by Celesta Capital and GreatPoint Ventures. And existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated.

Wix Partnering With Global-e For Empowering Online Merchants To Expand Global Reach And Seamlessly Sell Internationally

By Amit Chowdhry ● Feb 20, 2024

Wix.com - a leading SaaS website builder platform to create, manage, and grow a global digital presence - announced a strategic partnership with Global-e Online, the global leader of Direct-To-Consumer cross border e-commerce enablement, to offer Wix merchants an advanced international cross-border selling solution. This partnership is building on Wix's robust eCommerce capabilities, empowering merchants to expand its businesses by tapping into Global-e’s industry-leading cross-border functionalities, providing an opportunity to enter and sell in new global markets effortlessly.

Microsoft Expanding AI Infrastructure In Spain Via $2.1 Billion Investment

By Amit Chowdhry ● Feb 20, 2024

Microsoft has announced it is expanding artificial intelligence AI and cloud infrastructure with an investment of $2.1 billion over the next couple of years.

TMT Insights: How This Bootstrapped Media And Entertainment Solutions Company Is Growing About 100% Every Year

By Amit Chowdhry ● Feb 20, 2024

TMT Insights is a professional services and software company working within the media and entertainment (M&E) industry to offer market strategies, technology workflow solutions, third-party vendor management, and operations management software development. With expertise in all aspects of production, post-production, and distribution workflows, TMT’s overarching goal is to accelerate the use of technology across various groups within an organization, helping clients in the M&E world streamline their existing business processes, grow their operations effectively, and thrive in the long term. Pulse 2.0 interviewed TMT Insights CEO and co-founder Andy Shenkler to learn more about the company.