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
Tag: Strategy
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
ZIM Announces Investment in Spinframe, a Provider of an Innovative Vehicle Monitoring Platform for Maritime and Land Supply Chains Checkpoints
HAIFA, Israel, May 17, 2023 /PRNewswire/ — ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), along with other investors, announced the initial closing of an $8 million financing round in Spinframe. ZIM led this investment as part of its strategy to invest in early-stage companies involved in the digitalization of supply chains who offer novel cutting-edge services… Continue reading ZIM Announces Investment in Spinframe, a Provider of an Innovative Vehicle Monitoring Platform for Maritime and Land Supply Chains Checkpoints
Arbe Announces Q1 2023 Financial Results
TEL AVIV, Israel, May 17, 2023 /PRNewswire/ — Arbe Robotics Ltd. (NASDAQ: ARBE) (“Arbe”), a global leader in perception radar solutions, today announced financial results for its first quarter, which ended March 31, 2023. Key Q1 and Recent Company Highlights: This quarter, significant steps have been taken towards production and revenue growth through collaboration with… Continue reading Arbe Announces Q1 2023 Financial Results
SaverOne Granted Key New Patent in the US which Bolsters its Position as a Transportation Safety Leader
This 9th patent granted for a new algorithmic approach to identify the locating wireless devices in a volume PETAH TIKVAH, Israel, May 17, 2023 /PRNewswire/ — SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in transportation safety solutions, is pleased to announce the grant of its 9th patent. The patent was registered in… Continue reading SaverOne Granted Key New Patent in the US which Bolsters its Position as a Transportation Safety Leader
Arbe Announces Q1 2023 Financial Results
TEL AVIV, Israel, May 17, 2023 /PRNewswire/ — Arbe Robotics Ltd. (NASDAQ: ARBE) (“Arbe”), a global leader in perception radar solutions, today announced financial results for its first quarter, which ended March 31, 2023. Key Q1 and Recent Company Highlights: This quarter, significant steps have been taken towards production and revenue growth through collaboration with… Continue reading Arbe Announces Q1 2023 Financial Results
Innoviz Reports First-Quarter 2023 Results and Updates 2023 Targets
Innoviz updates 2023 targets due to expanded relationship with a major existing customer along with other progress made year-to-date TEL AVIV, Israel, May 17, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (NASDAQ: INVZ) (the “Company” or “Innoviz”), a Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on… Continue reading Innoviz Reports First-Quarter 2023 Results and Updates 2023 Targets
Aerospace Robotics Market worth USD 7.91 Billion by 2029, in depth analysis of the current trends and future estimations
Manual and robots working together is creating new opportunities for aerospace robotics market. PUNE, India, May 17, 2023 /PRNewswire/ — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Aerospace Robotics Market. The Global Aerospace Robotics Market… Continue reading Aerospace Robotics Market worth USD 7.91 Billion by 2029, in depth analysis of the current trends and future estimations
Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle
Fast-moving new program with an accelerated timeline Framework agreed, pending final requirements and commercial terms Strong financial contribution, expected start of production mid-decade Collaboration with a major compute platform provider, may lead to additional opportunities TEL AVIV, Israel, May 17, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (NASDAQ: INVZ) (the “Company” or “Innoviz”), a leading Tier-1… Continue reading Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle