Sat.Aug 19, 2023 - Fri.Aug 25, 2023

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Increasing your Alpha in Banking

Cisco: M&A

The forces of change in banking have seldom been stronger. The recent rise in interest rates, is pushing consumers to overcome their inertia, and to open themselves up to new choices.

Bank 84
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Luxembourg Adopts New Foreign Direct Investment Screening Regime

JD Supra: Mergers

In Short - The Background: Luxembourg has introduced a new foreign direct investment regime with a suspensory mandatory notification requirement in relation to investments in a broad range of sectors.

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The Impact of Cloud Technology on Corporate Dealmaking

Midaxo

Among the many technological innovations that have shaped the business world, cloud technology stands out as a true game-changer. Cloud computing has revolutionized the way companies operate, collaborate and make strategic decisions, especially in the realm of corporate dealmaking. In this post, we’ll explore the profound impact of cloud technology on corporate dealmaking and how it has reshaped the landscape of mergers, acquisitions, divestitures and beyond. 1.

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Sidus Space acquires Exo-Space to ramp up on orbit data offerings

TechCrunch: M&A

Sidus Space is taking another step toward full vertical integration with the acquisition of California-based Exo-Space , a startup that offers edge computing on orbit. While the exact financial details were not disclosed, Sidus is paying cash for 15% of Exo-Space in return for the startup’s contract revenues. The remainder of the acquisition is being paid via stock options and performance incentives, Sidus said in a statement.

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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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A Milestone I Am Grateful For

H. Friedman Search

“We interrupt our regularly scheduled broadcast to bring you a special announcement.” I think I had too much of Hurricane Hilary these past few days. It is affecting my writing style. In truth, our thoughts go out to those on the West Coast who were hit way worse than we did. Now to our regularly scheduled blog about our cottage-size industry. How Many Years Has It Been In This Cottage-Size Industry?!

More Trending

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Watches of Switzerland shares slide after Rolex buys Bucherer

Global Banking & Finance

Watches of Switzerland shares slide after Rolex buys Bucherer LONDON (Reuters) – Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex’s purchase of retailer Bucherer raised questions about Watches’ prospects.

Shares 98
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AI company Hypergiant Industries snapped up by PE firm Trive Capital

TechCrunch: M&A

Private equity firm Trive Capital has acquired Hypergiant Industries in a deal that will furnish the Texas-based AI company with capital to “build even faster,” Hypergiant CEO Mike Betzer told TechCrunch in a recent interview. The terms of the deal were not disclosed. Hypergiant’s core product is called CommandCenter, a geospatial data visualization platform designed to inform real-time decision-making.

Capital 220
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Majority of prop trading firms obliged to join FINRA under expanded SEC rule

The TRADE

The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets.

Trading 98
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The New Jersey Business Corporation Act to Permit Corporate Conversions/Domestications

JD Supra: Mergers

Effective November 4, 2023, the New Jersey Business Corporation Act (the Act) will be amended to permit conversions and domestications across all business entity types, including foreign and domestic corporations. The delay in effectiveness is to allow the New Jersey Division of Revenue Services in the Department of the Treasury (the Filing Office) time to implement changes to accommodate these actions.

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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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Drinks With The Deal: Shearman’s Aryani on Getting Comfortable With Discomfort

The Deal

“If you’re not uncomfortable, you’re not learning,” said Lara Aryani, an M&A partner at Shearman & Sterling LLP in New York, on this week’s Drinks With The Deal podcast. As an associate, Aryani embraced that sentiment in changing her focus from capital markets work to M&A. “When I thought about what I wanted to do more of, I was looking to the practice area that I was a little less familiar with, a little bit more uncomfortable in,” she said.

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IBM sells The Weather Company assets to Francisco Partners

TechCrunch: M&A

Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015. Francisco Partners, the private equity firm, has signed a definitive agreement to acquire The Weather Company assets from IBM, the two companies announced today.

Media 195
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Are virtual wallets the future of payments?

Global Banking & Finance

Are virtual wallets the future of payments? Tareq Shaheen, PDM Director, Payment Solutions at Eastnets With the ‘wallet wars’ being waged over recent months, there has been much talk of virtual wallets becoming a vital part of the payments system.

Finance 98
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Interlocking Directorates in the Antitrust Crosshairs

JD Supra: Mergers

The Federal Trade Commission’s (FTC) recent multipronged challenge to EQT Corporation’s acquisition from the Quantum Energy Partners private equity investment group “marks the FTC’s first case in 40 years that enforces Section 8 of the Clayton Act” and preempts a proposed board of directors interlock. On the same date, the Department of Justice (DOJ), Antitrust Division, announced the resignation of two Pinterest directors from the board of Nextdoor in response to the DOJ’s ongoing enforcement.

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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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Heineken Sells Its Business in Russia for 1 Euro

The New York Times: Mergers, Acquisitions and Dive

After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.

IT 98
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Moniepoint cleared to acquire Kenyan fintech Kopo Kopo

TechCrunch: M&A

The competition regulator in Kenya has given Moniepoint Inc. the green light to acquire Kopo Kopo, a Kenya-based company offering payments services and credit to businesses. Following the approval by Competition Authority of Kenya (CA), Moniepoint (formerly TeamApt) will expand its services to Kenya continuing its growth plans across the continent. Moniepoint Inc, which runs one of the largest business payments and banking platforms in Nigeria, is said to be keen on expanding to new markets that

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Shell taps Goldman Sachs to explore Singapore refinery sale -sources

Global Banking & Finance

Shell taps Goldman Sachs to explore Singapore refinery sale -sources By Trixie Yap, Chen Aizhu and Florence Tan SINGAPORE (Reuters) -Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close […]

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Insurers Owe Coverage for Settlement Despite Bump-Up Provision

JD Supra: Mergers

Applying Delaware law, the Superior Court of the State of Delaware has held that a bump up provision did not bar coverage of a settlement that resolved claims asserting breaches of fiduciary duty. On December 4, 2019, the insured media company merged with another media company. Stockholders brought several lawsuits challenging the merger and asserted claims for breach of fiduciary duty against the insured’s directors, officers, and controlling stockholders for their roles in negotiating and.

Insurance 130
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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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Cisco Networking Academy fostering founders, one learner at a time

Cisco: M&A

As we celebrate World Entrepreneurs’ Day on August 21, it is interesting to reflect on how an established company like Cisco—a Fortune 500 company with more than 80,000 employees —relates to entre… Read more on Cisco Blogs

IT 98
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Sony is buying gaming headphone maker, Audeze

TechCrunch: M&A

Sony Interactive Entertainment (basically the PlayStation wing) today announced plans to acquire Audeze, the company has confirmed with TechCrunch. The Orange Country, California-based firm is best known for its high-end headphones, targeted at gamers and audio producers. The hardware is often priced into four-figures, but the company earns consistently high marks from reviewers and users alike.

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What is Vertical SAAS and How Will It Change the Space

Global Banking & Finance

What is Vertical SAAS and How Will It Change the Space By Matt Caiola, Co-CEO of 5WPR, a leading PR agency. Vertical SaaS is a new type of software-as-a-service that is transforming the way businesses operate. It’s also known as industry-specific SaaS or “verticals.

IT 98
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FTC and DOJ Announce New Enforcement Actions Against Interlocking Directorates

JD Supra: Mergers

On August 16, 2023, the US Federal Trade Commission (“FTC”) brought its first enforcement action under Section 8 of the Clayton Act in 40 years. At the same time, the US Department of Justice’s Antitrust Division (“DOJ” and with the FTC, “Agencies”) continued its recently reinvigorated Section 8 enforcement campaign, announcing that two Pinterest Inc. directors resigned from the board of Nextdoor Holdings Inc.

Trading 130
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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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Stainless Steel Market to Reach USD 305.56 Billion by 2030 | Fortune Business Insights™

Global Newswire by Notified: M&A

Key Companies covered in Stainless Steel Market are Acerinox S.A (Spain), Aperam Stainless (Luxembourg), ArcelorMittal (Luxembourg), Baosteel Group (China), Jindal Stainless (India), Nippon Steel Corporation (Finland), Outokumpu (Finland), POSCO (South Korea), ThyssenKrupp Stainless GmbH (Germany), Yieh United Steel Corp (Taiwan) and more players profiled.

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Citi is reportedly mulling a major revamp of its largest business unit

American Banker - Investment Banking

The New York megabank is considering splitting its institutional clients group division into three parts following the upcoming departure of top executive Paco Ybarra, the Financial Times reported. The heads of the three segments would report directly to CEO Jane Fraser.

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UK stocks rise as weak factory data prompts rethink of peak rates

Global Banking & Finance

UK stocks rise as weak factory data prompts rethink of peak rates By Siddarth S and Khushi Singh (Reuters) -Britain’s main stock indexes rose on Wednesday, with the mid-cap FTSE 250 recording its best session in over a month, as weak factory activity data fuelled expectations that the Bank of England may not have to […]

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[Audio] The Informed Board Podcast | Will the EU’s Focus on Foreign Subsidies Make It More Difficult To Acquire European Businesses?

JD Supra: Mergers

Newly effective EU rules impose another layer of review for acquisitions in Europe. They empower the European Commission to investigate whether either the acquirer or target has received non-EU government subsidies that distort the EU internal market. While the new regulatory regime may not ultimately lead to many blocked deals, it could result in delays, and companies considering M&A in Europe will need to create comprehensive systems to track any government support they receive anywhere in

IT 130
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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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Smart Display Market Size to Surpass USD 22.02 Billion by 2029, exhibiting a CAGR of 21.0%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period. As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period.

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Cisco Secure Access will enable MSSPs to provide comprehensive SSE capabilities

Cisco: M&A

At Cisco Live 2023 , Cisco announced Cisco Secure Access ; a cloud-delivered Security Service Edge (SSE) product that provides comprehensive security capabilities converged in one solution, providing … Read more on Cisco Blogs

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Eden Exchange Unveils DealXchange: The Standalone Platform Transforming Business and Franchise Sales

Global Banking & Finance

Eden Exchange Unveils DealXchange: The Standalone Platform Transforming Business and Franchise Sales Eden Exchange positions its revolutionary DealXchange buying-and-selling platform independent from its managed services ahead of global expansion to better support Australian SMEs with the flexibility and transparency needed for their global initiatives Tuesday, 22 August 2023 – Eden Exchange, a revolutionary online platform […]

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