Tag: INNOVATION
-
IT Engineering Firms Pursue Strategic Acquisitions to Enhance BFSI Expertise
IT engineering companies are on an acquisition drive to solidify their foothold in the BFSI sector. Notable acquisitions include Intelliswift for $110 million and asset purchase from SoHo Dragon by Persistent Systems. Furthermore, EPAM Systems’ acquisition of First Derivative and various other mergers underscore the sector’s vitality as BFSI engineering experiences a resurgence, aided by…
-
Mainland Chinese Fintech Firms Expand Operations in Hong Kong for ASEAN Access
Mainland Chinese fintech companies are establishing bases in Hong Kong to access ASEAN markets, with support from the government’s Office for Attracting Strategic Enterprises aiding in local recruitment and collaboration with universities. Mainland Chinese fintech enterprises are increasingly establishing their presence in Hong Kong to gain access to the ASEAN markets. The Office for Attracting…
-
US Tech Giants Under FTC Scrutiny for AI Investments and Ethical Practices
U.S. tech giants like Google, Microsoft, and Amazon are under the FTC’s scrutiny over their AI investments due to concerns about competition and ethical implications. The regulatory framework aims to prevent monopolistic practices and ensure responsible development of AI technologies while emphasizing transparency and trust. As these companies expand their AI capabilities, they must align…
-
OwnersEdge: Pioneering Employee Ownership through Strategic Acquisitions
OwnersEdge, a 100% employee-owned holding company, focuses on acquiring and supporting mid-market businesses through a unique ESOP model that fosters a culture of ownership. With a leadership change in January 2024 and over 350 employee owners benefiting from a gifted ESOP, OwnersEdge emphasizes sustainable growth and strategic acquisitions while providing a streamlined approach for businesses…
-
Second Century Ventures Announces Eight Firms for 2025 REACH Canada Program
Second Century Ventures has announced eight companies for its 2025 REACH Canada program, aimed at improving productivity in real estate. The program includes education and support for innovation in the sector, emphasizing the need for efficiency and adaptability. This initiative marks the fifth cohort since the program’s launch in 2020, showcasing diverse solutions to real…