Tech

Orange invests in mPos startup, Yoco
Tech

Orange invests in mPos startup, Yoco

Orange Group’s venture capital investment fund for Africa said it has made a second investment in South Africa’s Yoco. Yoco is a mobile points of sale (mPOS) in South Africa, allowing merchants to accept card payments using a smartphone or tablet as well as manage their day-to-day activities using POS […]

Sabre appoints Cem Tanyel as VP of airline solutions
Tech

Sabre appoints Cem Tanyel as VP of airline solutions

Aviation software company, Sabre Corporation said it has appointed Cem Tanyel executive vice president and president of Airline Solutions. The company said in a statement that his appointment will take effect from Sept. 10. He will be reporting to Travel Solutions President Dave Shirk. Tanyel is a seasoned technology leader […]

Munich Re acquires Relayr for $300 million
Tech

Munich Re acquires Relayr for $300 million

Germany’s Munich Re said it has acquired Relayr in a $300 million deal via its subsidiary, Hartford Steam Boiler (HSB). Munich Re disclosed in the statement that since it began to cooperate with HSB in 2016, relayr’s offering has been supplemented by financial and insurance-related components. Torsten Jeworrek, member of […]

Grab now has 65% market share in Indonesia
Tech

Grab now has 65% market share in Indonesia

Ride-hailing company, Grab said it now has about 65% market share in Indonesia. The managing director of Grab said the Singapore-based firm recently raised $1 billion in fresh funding to expand in Southeast Asia biggest economy, which it has earmarked as a priority market. Grab said in a statement on […]

Broadcom gets close to CA acquisition
Tech

Broadcom gets close to CA acquisition

America’s Broadcom Inc., said it is close acquiring CA Technologies. Broadcom said it believes the acquisition would be concluded soon because of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), has expired with respect to the proposed acquisition of CA. Broadcom said in […]

Eventbrite to go public in a $200 million IPO
Tech

Eventbrite to go public in a $200 million IPO

Event booking platform, Evenbrite has filed for an initial public offering that will see the company raise up to $200 million in fresh capital from the public. Eventbrite is the world’s largest ticketing website but has not been able to report a net profit for some quarters due to its […]