DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software
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Xinhua Silk Road: E. China’s Longkou continues promoting development of marine engineering equipment manufacturing industry
BEIJING, May 15, 2023 /PRNewswire/ — Recently, China’s second offshore mobile self-installing wellhead oil platform has set sail from CIMC Raffles Longkou construction base in Longkou City, east China’s Shandong Province, to Beibu Gulf. The CIMC Raffles Longkou construction base, a leader in the marine engineering equipment manufacturing industry in Longkou, has been actively promoting its… Continue reading Xinhua Silk Road: E. China’s Longkou continues promoting development of marine engineering equipment manufacturing industry
OptiGroup successfully raises EUR 100 million additional debt from leading investors
GÖTEBORG, Sweden, May 15, 2023 /PRNewswire/ — OptiGroup has raised EUR 100 million via a first lien term loan tap issue in a private transaction in addition to its current EUR 425m first lien and EUR 200m second lien debt financing. Leading international and Nordic institutions participated, and the transaction was oversubscribed. The strong interest… Continue reading OptiGroup successfully raises EUR 100 million additional debt from leading investors
TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
DUBAI, UAE and RIYADH, Saudi Arabia, May 15, 2023 /PRNewswire/ — TVM Capital Healthcare, a global specialist healthcare private equity firm operating in emerging markets, announced today the opening of a new office in the capital of the Kingdom of Saudi Arabia. The purpose of the new office is to advise the group and its portfolio… Continue reading TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
VOXX International Corporation Reports its Fiscal 2023 Fourth Quarter and Year-End Financial Results
ORLANDO, Fla., May 15, 2023 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2023 fourth quarter and full year ended February 28, 2023. Commenting on the Company’s results and business outlook, Pat Lavelle, Chief… Continue reading VOXX International Corporation Reports its Fiscal 2023 Fourth Quarter and Year-End Financial Results
ALLIANZ PARTNERS REVEALS AMERICAN TRAVEL TO EUROPE WILL SURGE 55% THIS SUMMER, WITH ITALIAN CITIES RISING IN POPULARITY
From London to The Boot and beyond, Americans’ Love of Europe Boosts International Travel RICHMOND, Va., May 15, 2023 /PRNewswire/ — According to travel insurance provider Allianz Partners‘ annual Top 10 Summer European Destinations review, the number of Americans traveling to Europe will increase dramatically this year, rising by 55% over last year’s summer season.… Continue reading ALLIANZ PARTNERS REVEALS AMERICAN TRAVEL TO EUROPE WILL SURGE 55% THIS SUMMER, WITH ITALIAN CITIES RISING IN POPULARITY
Ex-Google CEO Says We Should Trust AI Industry to Self-Regulate
What could possibly go wrong? Self-Regulating He might not helm Google anymore, but Eric Schmidt is absolutely still thinking like a tech CEO. In an interview with NBC‘s “Meet the Press,” Schmidt laid bare his techno-libertarian outlook when asked about whether artificial intelligence needs “guardrails” given its propensity to lie, confabulate, and, well, go kind of… Continue reading Ex-Google CEO Says We Should Trust AI Industry to Self-Regulate
TÜV Rheinland achieves sustainable growth
Certification Company with global presence announces significant increase in revenues and profits in fiscal year 2022 LITTLETON, Mass., May 15, 2023 /PRNewswire/ — TÜV Rheinland, the global testing services provider, closed fiscal year 2022, its 150th anniversary, with revenues of €2.275 billion (compared to €2.09 billion in 2021), an increase of 8.8%. In the fiscal… Continue reading TÜV Rheinland achieves sustainable growth
Tube Investments Q4 FY23 PBT at INR 331 cr
Profit before interest and tax for the full year was INR 17 crore as against INR 55 crore in the previous year. Chennai: Tube Investment India, an engineering and manufacturing company, has reported revenue of INR 1,663 crore in Q4 compared with INR 1,735 crore in the same period the previous year. The revenue for… Continue reading Tube Investments Q4 FY23 PBT at INR 331 cr
Unfair Automated Hiring Systems Are Everywhere
Earlier this month, Lina Khan, chair of the US Federal Trade Commission (FTC), wrote an essay in The New York Times affirming the agency’s commitment to regulating AI. But there was one AI application Khan didn’t mention that the FTC urgently needs to regulate: automated hiring systems. These range in complexity from tools that merely parse… Continue reading Unfair Automated Hiring Systems Are Everywhere