In a move set to redefine the banking landscape in Upstate New York, NBT Bancorp Inc. (NASDAQ: NBTB) and Evans Bancorp, Inc. (NYSE American: EVBN) have unveiled plans for a definitive merger agreement. This $236 million deal will see Evans Bancorp merge into NBT Bancorp, significantly expanding NBT’s geographic footprint and strengthening its market presence […]
Cello World Limited, a key player in India’s consumerware sector, has unveiled its unaudited financial results for the quarter ended 30 June 2024. The company, which operates in various segments including consumer houseware, writing instruments, stationery, moulded furniture, and consumer glassware, has demonstrated robust growth in several key financial metrics. Revenue and Profit Performance For […]
American Express (NYSE: AXP) has reached an agreement to acquire Tock, a leading technology provider for reservation, table, and event management, from Squarespace (NYSE: SQSP) for $400 million. This acquisition underscores American Express’s commitment to expanding its footprint in the hospitality industry. Matthew Tucker, Head of Tock, expressed confidence in the transaction, stating, “American Express […]
Keystone Agency Partners (KAP) has officially announced its acquisition of Keystone Insurers Group (Keystone), marking a significant step in its strategic expansion. This merger is designed to enhance operational integration and alignment, positioning KAP at the forefront of the rapidly evolving market dynamics. This acquisition not only signifies a pivotal moment for both entities but […]
In a significant development, Wipro Limited, a preeminent provider of technology services and consulting, has been selected by Hanesbrands Inc. (NYSE: HBI), a leader in the global apparel market, to further its digital transformation initiatives. This collaboration is aimed at driving business growth and enhancing the long-term profitability of Hanesbrands, marking another milestone in their […]
CSG Systems International, Inc. (NASDAQ: CSGS) announced today its acquisition of iCheckGateway.com, LLC (iCG Pay), a prominent North American company specializing in ACH and credit card payment processing, for a purchase price of $17 million with additional performance-based earn-outs. This strategic acquisition is set to significantly boost CSG’s footprint in the payment processing landscape and […]
Specialist Risk Group (“SRG”), a prominent specialist insurance intermediary known for its focus on people and culture, has entered into a definitive agreement for acquisition by Warburg Pincus and Temasek. This partnership is anticipated to bolster SRG’s trajectory towards further growth and expansion. The closing of the acquisition is contingent upon satisfying customary conditions, including […]
In a significant development within the B2B payments sector, Corpay (NYSE: CPAY) has signed a definitive agreement to acquire Paymerang, a McLean-based leader in payment automation solutions. This acquisition is poised to enhance Corpay’s service offerings across various industries including education, healthcare, hospitality, and manufacturing, marking a notable expansion in their capabilities. Details of the […]
OneDigital, a leader in insurance brokerage, financial services, and HR consulting in the United States, has significantly expanded its operations by acquiring Lyons HR, LLC, a professional employer organization (PEO) known for its HR management solutions. This acquisition marks a crucial step in extending OneDigital’s PEO offerings, specifically its OneDigital Resourcing Edge PEO solution, across […]
Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has entered into a strategic partnership with Ramboll, a leading Denmark-based global engineering, architecture, and consultancy firm. This seven-year agreement marks a significant milestone in TCS’s journey towards delivering cutting-edge IT transformations, underpinning Ramboll’s ambitious drive for business growth and IT […]