Tue.Jun 27, 2023

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Socure acquires identity verification startup Berbix for $70M

TechCrunch: M&A

Socure , the identity verification service that raised a massive $450 million Series E round at a $4.5 billion valuation during the heady fundraising days of late 2021 (and $100 million earlier in 2021), today announced that it has acquired identity verification service Berbix for $70 million in cash and stock transactions. Berbix previously raised a total of $11.6 million , including a $9 million Series A round led by Mayfield in 2020.

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06-27-2023 Newsletter: Murmurings of On-Cycle 2025

OfficeHours

Connect with an OfficeHours Coach for an update on what we’re hearing live! On-Cycle is a rather ridiculous concept as a whole… however, we’re not here to displace what has happened historically — we’re here to help you prepare for it… On 8-16-2022 this is what we had published when everyone was asking the question… and then JUST A FEW DAYS LATER 8/29/22: Full interview processes underway We’re confirming PE firms have kicked off recruiting.

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Blakes Competitive Edge™: June 2023 Update

JD Supra: Mergers

Welcome to the June issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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Will Cava Going Public Set the Table for Other IPOs?

Successful Acquisitions

Will Cava Going Public Set the Table for Other IPOs? By David Braun, Founder and CEO, Capstone Strategic When Washington DC based restaurant chain Cava became a publicly traded company recently, it bucked a trend that has lasted nearly two years, a notable absence of American IPOs. The past 18 months have marked the slowest initial public offering market since the financial crisis of 2008.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Key Considerations for Founders Exploring M&A as an Exit Strategy

JD Supra: Mergers

For founders considering a merger or acquisition as an exit strategy, finding the right acquirer is crucial, and it just takes one. A successful M&A deal just needs to close. A successful combination and combined business require more than just financial considerations: it demands a strategic fit between the merging entities.

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Demand for integrated surveillance doubles as regulators up pressure

The TRADE

Integrated trade and communications surveillance has seen a 100% increase over the last year as regulators continue to ramp up enforcement actions, a SteelEye report has found. The report’s findings come as regulators up their enforcement actions related to communications and trade surveillance on both sides of the Atlantic. In 2022, the UK Financial Conduct Authority (FCA) issued almost triple the number of fines compared the previous year.

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The Latest Analysis of Top 40 Activists

Deal Lawyers

When I hear top 40, I can’t help but think of tuning in Sunday mornings to my local radio station that played Casey Kasem’s American Top 40. This is a very different top 40.

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Insights – June 2023

JD Supra: Mergers

This edition of Skadden’s quarterly Insights looks at the latest trends in shareholder activism, the scrutiny companies are facing over their ESG disclosures and employment considerations for using AI in the workplace, among other important trends and developments.

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Funding woes continue: Only 3 unicorns this year, 20% startups downgraded

Business Standard - FInance

This is an index of the most valuable private equity or venture capital-funded companies in Indiafounded after 2000, ranked according to their latest funding round valuation.

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Why any M&A boom in banks will mirror shale oil in 2020 — all-stock offers and small premiums

CNBC: Investing

If investors pick the right bank, they're likely to be paid only in stock rather than partly in cash, and the premium will probably be small, an analyst says.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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7 IPOs this week but don't make these 10 mistakes in pursuit of gains

Business Standard - FInance

Common Mistakes with IPO: The most common mistake an investors make that can be a trap and hinder your financial success is following the herd mentality

IPO 98
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Analysts love these Nasdaq stocks as benchmark wraps up best first half since 1983

CNBC: Investing

The tech-heavy index has soared nearly 29% this year and is currently on pace for its best first half since 1983.

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Find Your Path to a Cloud Operating Model for Simplicity and Agility

Cisco: M&A

A pandemic, geopolitical turmoil, and economic uncertainty in the past three years have challenged even the strongest organizations and put a premium on agility.

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Delta CEO forecasting highest Q2 earnings ever. Here's what the pros are saying

CNBC: Investing

Pros on CNBC discuss Delta Air Lines after its CEO predicts the company could see its highest second-quarter earnings ever.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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3 Tips for Building a Strong Firewall Foundation to Fuel Your Growth

Cisco: M&A

A strong foundation is vital for progress and development in many industries and aspects of life.

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The demand for senior housing is about to explode. These stocks will reap the benefits

CNBC: Investing

The population is aging at a rapid pace, yet supply of senior housing has slowed.

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ITC can't be denied under GST even when post-supply discounts received: AAR

Business Standard - FInance

Value of supply would stand reduced, while tax liability remains as it is: Andhra authority

IT 98
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Bernstein downgrades Alibaba on concerns of 'perpetual low growth'

CNBC: Investing

Bernstein says Alibaba's low growth rate will weigh on the stock.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Cisco Further Strengthens Network Assurance with Intent to Acquire Accedian and SamKnows 

Cisco: M&A

At Cisco Live, we shared our vision for Cisco Networking Cloud to help our customers deliver digital experiences to their users.

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Goldman sees big gains in this food stock even as industry growth becomes scarce

CNBC: Investing

Kellogg will shine in an increasingly tough environment for the food industry, according to Goldman Sachs.

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The Future of Airports, Coffee and Conversations podcast

Cisco: M&A

Today’s transportation blog is guest authored by Alex Clark , Cisco IIoT Transportation Industry Specialist The International Air Transport Association ( IATA ) recently reported that global air traffic … Read more on Cisco Blogs

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Citi raises Meta price target to highest on Wall Street, cites strong Reels ads

CNBC: Investing

The bank raised its price target on Meta to $360 per share, the highest on Wall Street, from $315.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Gold rebounds from 3-year low: Is it still a good time to invest?

Business Standard - FInance

Gold price advanced as geopolitical concerns surrounding Russia brought safe haven buying in the metal.

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The first leveraged bitcoin futures ETF is hitting the market as crypto gains new momentum

CNBC: Investing

The Volatility Shares 2x Bitcoin Strategy ETF (BITX) is set to launch Tuesday, making it the first leveraged bitcoin futures fund.

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India's Jan-March current account deficit narrows as trade gap shrinks: RBI

Business Standard - FInance

Net services receipts increased, sequentially and on a year-on-year (y-o-y) basis, on the back of a rise in net earnings from computer services, the RBI said

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Here are Tuesday's biggest analyst calls: Tesla, Micron, Roblox, Kellogg, Eli Lilly, Meta, Nike and more

CNBC: Investing

Here are the biggest calls on Wall Street on Tuesday.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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RuPay cardholders will be able to access airport lounges in major cities

Business Standard - FInance

RuPay Card: Priority Pass Access India has partnered with the National Payments Corporation of India, offering airport lounge access to RuPay card holders

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Seth Klarman explains why he avoids crypto yet has a Coinbase investment

CNBC: Investing

Klarman's Baupost Group reported a $29 million stake in Coinbase convertible debt at the end of the first quarter.

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COTA improves mobility and innovates public transit for a connected future

Cisco: M&A

Cities require safe, reliable, and secure transportation systems, while also aiming to eliminate emissions and ensure fairness and accessibility for everyone.

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Seth Klarman says regular investors make this mistake that ruins their returns

CNBC: Investing

"You don't want to go into index funds, experience a bad market and then bail out," the founder of the Baupost Group said Tuesday on CNBC's "Squawk Box.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?