UK tech IPOs raise record £6.6bn last year doubling 2020 figures January 31, 2022 UK tech IPOs raise record £6.6bn last year doubling 2020 figures
Tech billionaire and former Mormon spurns church by giving $600k to LGBTQ group December 23, 2021 A US-based technology billionaire has quit the The Church of Jesus Christ of Latter-day Saints and donated $600,000 to an LGBTQ-rights group in a public repudiation of the Mormon faith, according to reports. Jeff T Green’s donation to Equality Utah is the start of his pledge to donate 90 per cent of his personal wealth, [...]
British biotech firm Abcam snapped up by Danaher for £4.5bn August 28, 2023 British Biotech firm Abcam has been bought by US medical tech giant Danaher for $5.7bn (£4.5bn) .
Fnality International raises massive £77.7m in Series B funding round November 14, 2023 FinTech safety and institutional specialist Fnality has revealed its blockchain Series B funding round has raised a remarkable £77.7m.
Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
China hands out new fines to tech giants in anti-monopoly crackdown November 20, 2021 Chinese tech giants including Alibaba Group and Tencent Holdings have been fined for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party. The companies failed to report 43 acquisitions that occurred up to eight years ago under rules on “operating concentration”, according to the State Administration for Market Regulation. [...]
SS&C completes £1.24bn snap up of Blue Prism as tech firm leaves London market March 16, 2022 US fintech SS&C has completed its £1.24bn acquisition of British tech firm Blue Prism, heralding another tech departure from the London market. The new combined entity will operate as SS&C Blue Prism, and report to Mike Megaw, Managing Director, Business Process Automation. Blue Prism is a leading player in intelligent automation, and has over 2,000 clients across [...]
Zoom joins tech counterterrorism group after ‘zoombombing’ attacks and enhanced security risks December 15, 2021 Video-conferencing platform Zoom has joined a counterterrorism organization formed by major tech companies including Meta and Microsoft, the group said today.
London’s Looop snapped up by SoftBank-backed ed-tech firm for $20m January 11, 2022 London-based corporate learning company Looop has been snapped up by SoftBank-backed education technology firm 360Learning for some $20m. Looop, which works with fintech giants Klarna and Monzo, as well as retail heavyweight Asos, is 360Learning’s first-ever acquisition. “Now as learning and development grapples with the triple hit of remote work, the Great Resignation, and the [...]
Lush’s social media boycott won’t cut it for big tech November 24, 2021 Lush, the trendy cosmetics and soap company, has announced that until social media giants provide a “safer environment for users”, they will close all of the company’s “brand, retail and people accounts” on certain platforms. Given recent revelations from Facebook whistleblowers, this move, which could dent Lush’s bottom line, is laudable. But this knight in [...]