LUXEMBOURG > Switzerland based Swissquote Group is set to buy Interactive Investor’s Luxembourg operation Internaxx Bank SA for 27.7 million euros ($32 million)

Swissquote logo For focusing in the UK platform business, Interactive Investor is set to sell its Luxembourg operation to Switzerland based Swissquote Group. The transaction is subject to regulatory approval by the CSSF and the ECB in Luxembourg. According to Richard Wilson, chief executive of Interactive Investor: “This last year has been the start of an exciting journey as we continue to More …

CHINA > US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia

Walmart logo US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia, the company formed through the merger between JD Daojia and Dada Nexus. JD Daojia is JD.com’s online to offline business while Dada Nexus is a large crowd sourcing delivery platform in China which has operations in more than 400 More …

USA > Toronto based Vlaad and Company to expand into the USA by launching office in New York

tweet243 Toronto based Vlaad and Company, a financial service executive search firm, is set to expand into the U.S. market by opening an office in New York City. Expanding the firm’s North American presence and helping both American and Canadian firms find top-tier talent, Vlaad and Company has chosen New York as it is the epicenter of the global financial services More …

USA > Spain based Amadeus to expand into Hospitality Sector through the acquisition of TravelClick from Thoma Bravo for $1.52 billion  

amadeus logo Spain based Amadeus is set to acquire TravelClick from Thoma Bravo for $1.52 billion to expand into hospitality sector. TravelClick’s cloud based solutions for mid- chain and independent hotels will assist Amadeus to reach all the market segments. Headquartered in New York, U.S., TravelClick is a leading hospitality provider with more than 25,000 customers in 176 countries. Providing innovative cloud- More …

SAUDI ARABIA > Bahrain based Gulf International Bank (GIB) to expand to Saudi Arabia

GIB logo Bahrain based Gulf International Bank (GIB) is set to expand to Saudi Arabia by completing the necessary steps to convert its branches into a locally incorporated bank which is also Gulf International Bank’s largest market. After receiving approval from the Saudi Council of Ministers to convert its branches to a locally incorporated bank, Gulf International Bank- Saudi Arabia (GIB KSA) More …

ISRAEL > UK based Centrica and Ombu Invest is to invest $100 million in Israeli Electric Vehicle Charging Software Provider, Driivz

Centrica logo UK based Centrica and Ombu Invest is set to invest $100 million in Israel based Driivz, a start-up that offers end to end software solutions for electric vehicle (EV) charging. Ombu Group has co- led the investment. Driivz has a cloud based EV charging operating system that already has 200,000 drivers across the globe using the software. Established in 2012, More …

SRI LANKA> UK based currency printer De La Rue is set to inject further Rs 2 billion ($12.5 million) FDI to upgrade Sri Lankankan Plant

De la Rue logo The leading global identity and currency printing business, De La Rue, is upgrading its Sri Lankan plant by investing further Rs 2 billion ($12.5 million). De La Rue and the Government of Sri Lanka entered into Joint Venture thirty two years ago for the global identity and currency printing business. De La Rue named the facility as one of the More …

USA > Israel based Hysolate is set to expand into the US market

Hysolate logo A pioneer of software defined endpoints, Hysolate is expanding its U.S operations. Earlier this year led by Innovation Endeavors and Team8, Hysolate received $8 million in funding. Hysolate is also hiring sales and marketing staff as a part of the current expansion. Jeff Fisher, an end user computing veteran, has also joined as VP of Sales and Alliances according to More …