Synthesia, a London-based artificial intelligence (AI) video creation platform, has successfully raised $90 million in a Series C funding round led by Accel. The Series C round, which also drew investment from NVIDIA’s venture capital arm NVentures, has boosted Synthesia’s valuation to $1 billion. Additionally, the round had participation from existing investors GV, Kleiner Perkins, Alex […]
Hyatt Hotels has agreed to acquire Mr & Mrs Smith, a London-based boutique and luxury hotel booking service, for £53 million in an all-cash deal. The acquisition will be undertaken by an affiliate of the American hospitality company. Mr & Mrs Smith provides direct booking access to a collection of more than 1,500 boutique and […]
Canadian investment management company Brookfield Reinsurance will acquire Bermuda-based insurance company Argo Group International in an all-cash deal valued at around $1.1 billion. The transaction takes the New York Stock Exchange (NYSE) Argo Group private and just follows the acquisition of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 by Westfield for approximately $125 […]
Tata Consultancy Services (TCS) said that it will help London-based savings and investments business M&G to transition into a cloud-only organisation by 2025 under an expanded partnership. The Indian IT services provider has been a strategic partner to the investment manager for over five years. Tata Consultancy Services said that the expanded partnership will involve […]
Twig has acquired Vybe Technologies, a teen banking services provider in the UK, in a move to increase its market reach. The financial terms of the deal were not revealed by the London-based, new-generation fintech company. The latest transaction comes close on the heels of the acquisitions of UK businesses Loopster and Mobi.market. The acquisition […]
Maple Leaf Foods, a Canadian consumer packaged meats company, has begun production at its new poultry facility in London, Ontario, increasing the company’s chicken processing capacity to meet the growing demand. Built with an investment of CAD 772 million ($568.4 million), the poultry processing plant will deliver chicken products, including halal chicken products and those […]
Societe Generale, a French financial services major, and AllianceBernstein, an investment management and research firm, are planning to create a joint venture (JV) to establish a cash equities and equity research business. The new collaboration complements Societe Generale’s investment banking strategy to bring portfolio diversification, both from a geographical perspective and type of revenues. Societe […]
Tata Consultancy Services (TCS) said that Community Fibre, a full fibre broadband provider in London, has deployed its TCS HOBS platform for modernizing its business operations, improving its agility, and helping in driving future growth. With the plug-and-play TCS HOBS digital business platform, the British internet service provider (ISP) aims to streamline its operations, sales, […]
Cendyn, a technology solutions provider for hoteliers, has acquired digitalhotelier, a London-based hotel solutions provider, for an undisclosed price. Digitalhotelier is engaged in providing hotels around the world with integrated distribution, design, demand generation, development, and data intelligence solutions. The company help hoteliers in acquiring more direct reservations, boost ancillary revenues, cut down distribution costs, […]
Ensurance, an Australian insurance underwriting agency, has signed a non-binding agreement to divest Ensurance UK Ltd, its UK operations, to PSC Insurance Group for AUD 8.2 million ($5.68 million). The parties expect to sign a definitive agreement by the end of this month. Ensurance UK is engaged in operating a construction based underwriting agency business. […]