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May312023

FinExtra

Xapo Private Bank integrates Tether payment rails

Xapo Private Bank, the fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate Tether (USDT) payment rails.

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May262023

NASDAQ

Francisco Partners, TPG end talks to buy New Relic -sources

NEW YORK, May 26 (Reuters) - Private equity firms Francisco Partners and TPG Inc TPG.O have ended talks to acquire New Relic Inc NEWR.N after they failed to secure enough debt financing and could not meet the business software company's valuation expectations, people familiar with the matter said.

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May262023

Nordic Capital

Nordic Capital appoints Mohit Agnihotri as new Partner

Significant addition to Nordic Capital Advisors’ leading Technology & Payments team
Nordic Capital Advisors has today announced the appointment of Mohit Agnihotri as a Partner. Mohit has over two decades of investment banking, investing and consulting experience in Financial Technology, Payments and broader Software & Technology sectors. He will now become a key member of Nordic Capital Advisors’ leading Technology & Payments team and will be based in London.

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May192023

Restaurant365

Restaurant365 Announces $135M Funding Round Co-Led by KKR and L Catterton

Restaurant365, an industry leading all-in-one restaurant enterprise management software, today announced it has agreed to a $135M funding round co-led by global investment firms KKR and L Catterton with participation from current investors, including ICONIQ Growth and Bessemer Venture Partners.

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May182023

Macau Business

Xapo Bank Expands its Stablecoin Payment Rails, Becoming The First Licensed Bank To Enable Both USDC and USDT Deposits and Withdrawals

BANGKOK, THAILAND – Media OutReach – 18 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate Tether (USDT) payment rails. Beginning with a phased rollout, the payment rails will be fully available to all members by the end of May. Building on its existing USDC rails that were launched in March, the bank is now enabling members to leverage the world’s most widely adopted stablecoin for payments as an alternative to time-consuming and costly SWIFT rails.

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May172023

IT Security Guru

Adarma Announces Management Expansion Amid Rapid Growth

Edinburgh-based Adarma, the leading independent specialist in detection and response services, welcomes three new leaders to its cybersecurity services delivery team.

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May122023

Martech Vibe

Boost.ai Adds LLMs To Its Conversational AI

The new update will take advantage of generative AI to suggest messaging content to AI trainers within the boost.ai platform.
Boost.ai, a conversational artificial intelligence solution provider, launched Version 12 of its platform with new large language model (LLM)-enriched features for content suggestion, content rewriting, and accelerated generation of training data.

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May112023

Businesswire

KKR to Acquire Leading Testing and Measurement Instrument Provider Industrial Physics from Union Park Capital

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Industrial Physics (or the “Company”), a leading manufacturer of testing and measurement instruments, from Union Park Capital (“UPC”). KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not disclosed.

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May112023

PR Newswire

Bregal Sagemount and FTV Capital Announce Strategic Growth Investment in Neptune Flood Incorporated

NEW YORK, May 11, 2023 /PRNewswire/ -- Bregal Sagemount ("Sagemount") and FTV Capital ("FTV"), two leading growth-focused private equity firms, today announced a strategic growth investment in Neptune Flood Incorporated ("Neptune" or the "Company"), a leading digital insurtech platform and private flood insurance provider. Sagemount and FTV will acquire a substantial minority stake in the Company, with Neptune CEO and management maintaining majority ownership. Financial terms of the transaction were not disclosed.

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May082023

Global Newswire

Resilinc Receives Strategic Growth Investment from Vista Equity Partners

MILPITAS, CA, May 08, 2023 (GLOBE NEWSWIRE) -- Resilinc, a leading supply chain mapping, disruption sensing, and resiliency analytics company, today announced a strategic growth investment from Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Resilinc will use the growth capital to accelerate product innovation, talent, and go-to-market functions to meet the growing demand for more resilient, sustainable, secure, and transparent supply chains.

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