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Finastra has today announced that Allied Banking Corporation (Hong Kong) has successfully migrated its core banking operations to the cloud, at the same time upgrading from Finastra’s Equation core banking solution to its next-generation Essence solution. Allied Banking Corporation has also gone live with Finastra’s Retail Analytics solution to transform its reporting capabilities. The investment marks a major shift towards modern, future-proof technology that creates new potential for future growth whilst reducing costs and increasing efficiency....

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Sandvik has completed the previously announced acquisition of esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Esco, founded in 1993, has around 17 employees and is headquartered in Aachen, Germany. In 2022, the company generated revenues of about SEK 14 million. The impact on Sandvik’s EBITA margin and earnings per...

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Valmet has completed the acquisition of Körber’s Business Area Tissue, the provider of innovative process technologies and related services for converting tissue jumbo reels into final tissue products. The closing of the transaction follows the agreement that was announced on July 7, 2023. Tissue Converting forms a business unit in the Paper business line By combining the complementary offering and competencies of Valmet and the acquired business, Valmet creates the markets’ widest technology, automation and services offering...

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Kentik, the network observability company, and nLogic AS today announced that they have completed a partnership agreement. The relationship will allow direct collaboration to promote and deliver Kentik’s network observability solutions to forward-looking service providers and enterprises across the Nordics region. As a longstanding supplier of high quality, essential technologies and services, nLogic AS believes that the Kentik solution will fill an important role within its range of offerings. “Kentik offers a best-in-class approach to scalable, intelligent...

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IBS Software and Royal Caribbean Group (NYSE: RCL) have partnered to deploy cutting-edge retail technology at the heart of its operations. This will enable Royal Caribbean Group to provide a more seamless vacation experience to their guests and deliver even better personalized services at every step of the trip: before, during, and after. By deploying IBS Software’s next-generation iTravelCruise travel platform, Royal Caribbean Group is able to place guests at the center of the retail experience....

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Dahua Technology, a world-leading video-centric AIoT solution and service provider, recently held its 5th Partner Day in Ibiza, Spain. Under the theme “Think# as One”, the event highlighted Dahua’s dedication to expanding partnerships in multiple fields, jointly creating a mutually beneficial and win-win ecosystem for the sustainable development of the AIoT industry. The grand event witnessed the presence of more than 370 distinguished leaders and representatives from key sectors such as cybersecurity, smart city, transportation, retail, energy, and...

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Kuwait-based Nox Management acquires Trampo Extreme, a renowned entertainment and adventure enterprise spanning across Kuwait, UAE, Bahrain, Qatar, and Oman. This strategic move marks a pivotal milestone in Nox Management’s ambitious growth and expansion strategy. Globally, the Entertainment Centers sector boasts a staggering worth of US$ 11.2 Billion, with the Middle East region standing out as one of the fastest growing and most attractive with high projected growth rates for the next five years. Trampo Extreme, synonymous with exhilarating trampoline parks, adventure...

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Haemonetics Corporation (NYSE: HAE), a global medical technology company focused on delivering innovative medical solutions to drive better patient outcomes, and OpSens, Inc. (TSX:OPS) (OTCQX:OPSSF), a medical device cardiology-focused company delivering innovative solutions based on its proprietary optical technology, today announced that they have entered into a definitive agreement under which Haemonetics will acquire all outstanding shares of OpSens for CAD $2.90 per share in an all-cash transaction representing a fully diluted equity value of approximately USD $253 million at current...

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Enigmatic Group of Companies, based in Ottawa, has officially acquired Surgo Studios, a leading Video Marketing agency in North America. Growth and Strategy Enigmatic Groups’ success is largely attributed to its subsidiary, Zap Media, a North American Digital Marketing Agency and Forbes Agency Council member. The acquisition of Surgo Studios is a strategic move that aligns with the digital transformation trends, specifically the growing importance of video content. Leadership Perspectives Sashien Godakandae, CEO of Enigmatic Group of Companies,...

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b.well today announced at the HLTH 2023 conference that Samsung Health will use the b.well Connected Health platform to transform how consumers manage their health and engage with healthcare solutions and services. This new offering will enable Samsung Health users to create a longitudinal health record, receive proactive health insights, and conveniently access care from a growing network of trusted providers — all through a single secure application on Galaxy smartphones. “As one of the world’s...