Tue.Sep 19, 2023

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After relaunching as a studio for creators, LimeWire acquires BlueWillow, a Midjourney competitor

TechCrunch: M&A

In the Wild West of generative AI, a new, unlikely cowboy is riding into town. LimeWire — once infamous for music piracy and incurring the wrath of the music industry before shutting down — last year pivoted under new owners into the world of content creation.

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Sector trends - September 2023: Specialty Finance/Marketplace Lending

JD Supra: Mergers

We are seeing - Continued availability of growth capital for specialty lenders—SME lenders attract the most capital in the previous 12 months - VC debt cheques (e.g., Quilam Capital's debt investment in Merchant Money and Fasanara Capital's debt investment in Novicap).

Finance 263
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Bird acquires Spin scooters from Tier for $19M

TechCrunch: M&A

Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. Tier had purchased Spin from Ford back in March 2022 to expand its presence in the U.S.

Shares 252
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When Tech Can Create Value Destruction

Beyond M&A

Value creation is often the primary focus in the investment world, where the goal is to paint a picture of prosperity and success for portfolio companies. However, in this pursuit, we often overlook the other side of the coin – value destruction. The term is not commonly used in everyday conversations, but it is real and happening everywhere. Enter Value Destruction.

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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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CrowdStrike confirms its Bionic.ai acquisition, sources say for $350M

TechCrunch: M&A

Update: CrowdStrike has now officially confirmed the deal. As we previously reported, CrowdStrike will merge Bionic’s tech with its Falcon product.

IT 244

More Trending

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Babbel acquires language learning browser extension Toucan

TechCrunch: M&A

Babbel, the popular subscription-based language learning service, today announced that it has acquired Toucan, the well-funded language learning browser extension. Toucan, it turns out, wound down as a company earlier this year, though its service has remained online. None of Toucan’s co-founders or employees will join Babbel, which is only buying Toucan’s technology.

Funds 190
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Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut

Global Banking & Finance

Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut By Mimosa Spencer and Elisa Anzolin MILAN/PARIS (Reuters) – Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering.

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Non-Competes: Del. Chancery Declines to “Blue Pencil” Another One

Deal Lawyers

It hasn’t been a good year for plaintiffs seeking to enforce non-compete clauses in Delaware Chancery Court, and things didn’t improve last month when Vice Chancellor Zurn issued her letter ruling in Centurion Service Group, LLC v. Wilensky, (Del. Ch.; 8/23).

IT 100
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Societe Generale vision falls flat as Europe’s banks falter

Global Banking & Finance

Societe Generale vision falls flat as Europe’s banks falter By John O’Donnell and Mathieu Rosemain LONDON/DUBLIN (Reuters) -Societe Generale’s much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.

Bank 131
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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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As Hollywood strikes press on, Wall Street weighs in on the outlook for TV, streaming stocks

CNBC: Investing

It's a complicated time to navigate the media industry as strikes shutdown production from coast to coast. Wall Street weighs in on who comes out on top.

Media 116
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Tour operator TUI confirms full-year outlook on back of strong bookings

Global Banking & Finance

Tour operator TUI confirms full-year outlook on back of strong bookings By Joanna Plucinska LONDON (Reuters) -Tour group TUI on Tuesday confirmed its full-year outlook for the 2023 financial year, citing strong bookings in the summer and upcoming winter season despite extreme weather from flooding to heatwaves disrupting flights and holidays.

IT 131
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TradeTech FX Europe 2023: To build or to buy… how far should predictive analytics go?

The TRADE

Panellists took a look at how best to leverage predictive analytics, ultimately agreeing that though technology can go a long way – the human traders must remain in the driving seat. During the TradeTech FX Europe panel, the ever-present build versus buy topic arose. Rick Lodder, algorithmic execution specialist at MN Investments, explained how the firm had opted to develop its own algorithms and the key benefits of this build approach.

Trading 109
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UK’s Hargreaves Lansdown bets on increased savings to sustain growth

Global Banking & Finance

UK’s Hargreaves Lansdown bets on increased savings to sustain growth By Khushi Mandowara (Reuters) -Hargreaves Lansdown is betting on savers to fuel growth despite subdued investment and trading activity in the current financial year, the British investment platform said on Tuesday, after posting estimate-beating annual profit.

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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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TD Cowen downgrades coffee giant over China macroeconomic headwinds

CNBC: Investing

Starbucks could face be contending with a larger-than-expected headwind as lower consumer spending in China hit store revenue, according to TD Cowen.

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Trinidad & Tobago Unit Trust Corporation Expands Caribbean Footprint with the Promise of More ‘Transformational Changes’

Global Banking & Finance

Trinidad & Tobago Unit Trust Corporation Expands Caribbean Footprint with the Promise of More ‘Transformational Changes’ As a powerhouse investment company, the Trinidad and Tobago Unit Trust Corporation is focused on strengthening its regional footprint and extending its orbit to reach new investors as part of its strategic vision.

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A new paradigm in mobile commerce: Announcing the power of Razorpay payments on WhatsApp Business

Razorpay

The merits of using WhatsApp for business need no explaining. With over 500 million users in India, WhatsApp Business has proven to be a most effective customer engagement channel for a wide range of business use cases. But, what if more could be done with this? What if we could seamlessly jump from engagement to sales on WhatsApp? What if WhatsApp could become a channel as synonymous with commerce as it is with conversation?

Business 105
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This pharma stock is a buy as valuation remains attractive, Evercore says

CNBC: Investing

Evercore says the company could be on the verge of regaining its 4-star rating for its Medicare Advantage plan, which could supercharge growth.

Valuation 115
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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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Citi unveils new digital assets cash management and trade finance offering

The TRADE

Citi Treasury and Trade Solutions (TTS) has developed a new digital asset solutions service aimed at institutional clients for cash management and trade finance, called Citi Token Services. The offering uses blockchain and smart contract technologies and “will integrate tokenised deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities”.

Finance 102
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Bank of America says now is the time to buy these three home improvement stocks

CNBC: Investing

As inflation cools and home prices pick back up, home improvement spending is set to rise. These three retail stocks could be winners, says Bank of America.

Bank 107
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Trivest’s Total Sanitation Services acquires Pit Stop Portables

PE Hub

Based in Vancouver, Pit Stop Portables is a provider of portable sanitation solutions in Western Canada. The post Trivest’s Total Sanitation Services acquires Pit Stop Portables appeared first on PE Hub.

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Goldman loves this chip stock ahead of earnings results next week, sees 20% upside

CNBC: Investing

Goldman Sachs trimmed 2024 estimates for this chipmaker, but it's still bullish on the stock ahead of quarterly results. Here's why.

Stock 114
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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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LMP invests in SMB tech advisor Net at Work

PE Hub

The investment from LMP will provide Net at Work with significant capital to pursue acquisitions and make growth investments in the business. The post LMP invests in SMB tech advisor Net at Work appeared first on PE Hub.

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Computer maker's stock could climb more than 15% on boost from AI, Daiwa says

CNBC: Investing

Artificial intelligence benefits are already playing out after a second-quarter earnings beat and will extend into 2024, according to Daiwa.

Stock 112
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Cisco’s grantee and investee partners share what they look forward to most at Climate Week NYC

Cisco: M&A

Climate Week NYC , one of the largest annual climate events since 2009, brings together international leaders from business, government, and civil society to showcase global climate action.

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JPMorgan downgrades gym franchise after CEO shuffle, says stock is a 'tough one'

CNBC: Investing

The company ousting of chief executive Chris Rondeau could underpin shaky ground for the company's future, according to JPMorgan.

Stock 109
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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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Cisco Umbrella for Government: Continuous Innovation in Cloud Security

Cisco: M&A

I am proud to announce that Cisco Umbrella for Government has achieved agency ATO (authorization to operate) status under FedRAMP and is at the FedRAMP PMO.

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Channel checks in China suggest iPhone orders will be disappointing, Barclays says

CNBC: Investing

The latest channel checks in China convey a potentially difficult cycle ahead for the iPhone, according to Barclays.

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Cornell Capital-backed Advancing Eyecare appoints McGrann as CEO and Spear as president/chief strategy officer

PE Hub

Based in Florida, Advancing Eyecare is a provider of ophthalmic instruments. The post Cornell Capital-backed Advancing Eyecare appoints McGrann as CEO and Spear as president/chief strategy officer appeared first on PE Hub.

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