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 Edgeâ„¢: 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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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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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?

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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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Changes in the Market and the Emergence of New Players Together Are Impacting Activism

JD Supra: Mergers

Despite a slowdown in M&A activity and macroeconomic headwinds, stockholder activism remains a potentially powerful tool for investors aiming to extract value from companies. The activism landscape continues to evolve as new players enter the fray, activist campaigns and tactics are tailored to market conditions and the impact of the universal proxy card becomes clearer.

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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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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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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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Retail Analytics Market Size to Surpass USD 23.53 Billion by 2030, exhibiting a CAGR of 17.6%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Retail Analytics Market size is projected to reach USD 23.53 Billion by 2030, at a CAGR of 17.6% during the forecast period. As per the report by Fortune Business Insights, the global Retail Analytics Market size is projected to reach USD 23.53 Billion by 2030, at a CAGR of 17.6% during the forecast period.

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Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

Business Standard - FInance

The rise in interest rates has revealed hidden stresses in parts of the banking sector and this could impact global growth in the coming year, according to Tata Group and Tata Motors Chairman N Chandrasekaran. In his address to shareholders of Tata Motors in the annual report for 2022-23, he said, "the current year witnessed a surge in inflation requiring coordinated action by most central banks to increase interest rates to control inflationary expectations.

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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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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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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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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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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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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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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

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Signal Hill to sell McIntosh Perry Consulting Engineers to Egis

PE Hub

McIntosh Perry is a Woodbridge, Ontario-based provider of engineering services for the public infrastructure, buildings and energy market sectors. The post Signal Hill to sell McIntosh Perry Consulting Engineers to Egis appeared first on PE Hub.

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The Activism Vulnerability Report

The Harvard Law School Forum

Posted by Jason Frankl and Brian G. Kushner, FTI Consulting, on Tuesday, June 27, 2023 Editor's Note: Jason Frankl and Brian G. Kushner are Senior Managing Directors at FTI Consulting. This post is based on their FTI Consulting memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism by Lucian A.

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Percheron Capital acquires two pest control providers Lookout Pest Control and Any Pest

PE Hub

Founded in 1983 and 1989, respectively, Lookout Pest Control and Any Pest provide general pest, termite control, and other pest control services in Tennessee and Georgia. The post Percheron Capital acquires two pest control providers Lookout Pest Control and Any Pest appeared first on PE Hub.

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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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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Trinity Hunt scoops up digital marketing firm REQ

PE Hub

Tripp Donnelly will remain president of REQ and join the platform’s executive board and leadership team. The post Trinity Hunt scoops up digital marketing firm REQ appeared first on PE Hub.

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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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LLR-backed 3SI Security Systems merges with security tech firm Wren Solutions

PE Hub

3SI Security Systems is based in Malvern, Pennsylvania and Wren Solutions is in Jefferson City, Missouri. The post LLR-backed 3SI Security Systems merges with security tech firm Wren Solutions appeared first on PE Hub.

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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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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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InterVest-backed Financeit Canada bags Simply Group Financial

PE Hub

Financeit acquired Simply Group Financial, SNAP Home Finance and certain assets of EcoHome Financial. The post InterVest-backed Financeit Canada bags Simply Group Financial appeared first on PE Hub.

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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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Comvest Partners acquires addiction treatment services provider Your Behavioral Health

PE Hub

Co-founders CEO Mike Joly and Dr. Martha Koo, chief medical director, will continue to lead the platform alongside the existing management team. The post Comvest Partners acquires addiction treatment services provider Your Behavioral Health appeared first on PE Hub.

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