News

Private equity firm Pacific Avenue Capital Partners, a middle market-focused private equity firm specializing in carve-outs and complex situations, has acquired fire suppression company KiddeFenwal.“With its enviable product portfolio, established brand equity, and strong customer relationship...

Coca-Cola Europacific Partners (CCEP) has partnered with Systal Technology Solutions for its network transformation across Europe, supporting more than 6,500 devices in 300 locations across 11 countries for CCEP.“We are thrilled to officially go live with our direct service as CCEP’s trusted t...

Ericsson has confirmed that it will record a noncash impairment charge of 11.4 billion Swedish crowns, which reflects lower anticipated market growth in some of Vonage’s current portfolio."We continue to advance our strategy to build a Global Network Platform for network APIs, which was the st...

Industrial AI company Phaidra has raised $12 million for its data center cooling control system  from Index Ventures and will use the money for R&D, implementation, and go-to-market efforts.“The data center industry is in the midst of an arms race to build new capacity wherever land and po...

Energy company TotalEnergies has unveiled the latest generation of its Pangea supercomputer, housed at the Jean Féger Scientific and Technical Center at Pau in southwest France. The Pangea 4 system is smaller and more energy efficient than the Pangea II, using 87 percent less electricity than ...

The US Department of Commerce has signed a non-binding preliminary memorandum of terms with Rogue Valley Microdevices (RVM) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act.“The proposed investment in RVM is another example of how the Biden-Harris Admini...

Microsoft has announced that CCL, a provider of IT and hybrid cloud services within local telco Spark's Business Group, will be its first at-scale cloud launch partner for the upcoming New Zealand cloud region.“We’ve seen huge interest from customers in leading end-to-end cloud services, hyper...

Exa Infrastructure and Socar Fiber have partnered to develop a new 1,850km terrestrial cable which will will span the breadth of Turkey (officially Türkiye), with the potential to run along the Iraq border as an alternative to subsea cables in the Red Sea corridor.Steve Roberts, senior vice pr...

Japan's Hitachi Construction Machinery Co. Ltd. is migrating its large-scale systems for accounting, development, production, design, sales, parts, export, human resources, and services to Oracle Cloud Infrastructure from on-premise.“OCI is the only public cloud that can securely migrate missi...

Virgin Media O2 and Vodafone have signed a new network-sharing deal in the UK which also includes plans for Virgin Media O2 to acquire spectrum from Vodafone, which could help the latter gain regulatory approval for its merger with Three."We are extending and bolstering elements of our existin...

The US Department of Commerce's Economic Development Administration (EDA) has announced $504 million in funding to scale up 12 sites that were designated as Tech Hubs by the Biden Administration. This fund will be used to expand research into artificial intelligence, semiconductor manufacturin...

Google has signed five new Power Purchase Agreements (PPAs) totaling more than 118MW to procure wind energy in Belgium from Engie. Google will procure another 92MW from a Belgian wind farm in operation for eight years.Vincent Verbeke, CEO of Engie Belgium, said: “We are pleased to partner with...

French billionaire Xavier Niel has submitted a bid for Latin American telecoms group Millicom that values the carrier at $4.1 billion through his investment vehicle, Atlas Investissement.In a statement, Atlas said that its offer will ensure the company can expand its reach. "The purpose of the...

Queen Mary University of London in the UK is planning to reuse waste heat from its data center as part of a refurbishment project for the Joseph Priestley Building on the campus. Queen Mary president and principal Colin Bailey said: “By harnessing waste heat and minimizing our carbon footprint...

Nvidia’s former VP of investor relations and strategic finance, Simona Jankowski, has been appointed CFO of photonic computing company Lightmatter after leaving Nvidia after almost seven years with the company. Before her time at Nividia, she was a managing director at Goldman Sachs for over a...

Netherlands-based Edge AI chip startup Axelera AI has raised $68 million in its oversubscribed Series B funding round which included participation from the European Innovation Council Fund, the Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, and Verve Ventures.“There’s no...

Japan's Rakuten Mobile has confirmed the launch of commercial services via the 700 MHz spectrum called the “platinum band” which was allocated by the country's Ministry of Internal Affairs and Communications.In a recent announcement, the company noted that it has rolled out commercial services...

New Zealand telco Spark will be teaming up with global surf park creator Aventuur to build a data center on Auckland's North Shore that will heat a nearby surfing lagoon. The data center will use a heat exchange system to send excess heat to a nearby surfing lagoon and will be partially powere...

AQ Compute has broken ground on its 60MW data center campus in Spain and has begun construction work on the new site located in the Parc de l’Alba (Cerdanyola del Vallès) in Barcelona. The data center, dubbed AQ-BCN1, will eventually have an IT capacity of 60MW with cooling capabilities for hi...

Real estate and investment firm CBRE has revealed plans to merge its project management business with its majority-owned subsidiary, Turner and Townsend (T&T). Following this merger, CBRE will own 70 percent of the combined T&T/CBRE project management business, with the T&T partner...