Month: June 2021

David Bunce Appointed CEO to Drive Next Phase of Growth for AI Innovator TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — In just 12 months, Morphio has acquired more than 2,400 customers across 81 countries as digital marketers validated the need to manage digital advertising better and reduce manual data analysis with artificial intelligence. In a move to further accelerate growth, Morphio has appointed digital agency veteran and (CPA) David Bunce as CEO. Bunce will guide the AI-powered MarTech product more profoundly into the crossroads of marketing and finance, currently an under-served space. Bunce will leverage his unique combined experience of digital agency leadership and financially-focused marketing to propel Morphio forward and capitalize further on this gap in the market. The marketing-finance gap Bunce said, “For too long,...

Ackroo closes first US based acquisition HAMILTON, Ontario, June 01, 2021 (GLOBE NEWSWIRE) — Ackroo Inc. (the “Company” or “Ackroo”) (TSX-V: AKR) (OTC: AKRFF), a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to announce that it has completed the acquisition of InterActive DMS (“IDMS”) through its’ wholly-owned subsidiary Ackroo Canada Inc. IDMS provides cloud-based and on-premise dealer management software and web solutions to independent car, motorcycle and boat dealers across the United States. Under the terms of the acquisition, Ackroo acquired all customer contracts and related IP adding over 150 clients to their AckrooPOS business. In consideration for the acquisition, the Company has paid $600,000 on closing and will make a final $300,000 payment less pre-paid adjustments on or...

ST. LOUIS, June 01, 2021 (GLOBE NEWSWIRE) — 8th Avenue Food & Provisions, Inc. (“8th Avenue”) today announced that it has completed the previously announced acquisition of the Ronzoni dry pasta brand and a dry pasta manufacturing facility located in Winchester, Virginia from Riviana Foods Inc., effective May 31, 2021. Ronzoni is a 100-year-old brand with a comprehensive portfolio across traditional and value-added pasta. Scott McNair, Chief Executive Officer of 8th Avenue, said, “We are proud to welcome the Ronzoni brand to our team! Ronzoni brings a 100-year-old brand, great employees, innovative ideas and an impressive customer base. Together we are better, and we look forward to driving further growth and scale by delivering innovative products to all our loyal customers.” About 8th Avenue Food & Provisions, Inc. 8th...

MONCTON, New Brunswick, June 01, 2021 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (TSX: MDI) (“Major Drilling” or the “Company”) is pleased to announce the closing of the previously announced acquisition of all of the issued and outstanding shares of privately-held McKay Drilling PTY Limited (“McKay”), a family-owned drilling company and a leading specialty drilling contractor based in Perth, Australia. The transaction was completed by payment of the cash portion of the purchase price of A$39.7 million (representing approximately $37.1 million in Canadian dollars) subject to post-closing debt, working capital adjustments and holdbacks using Major Drilling’s current cash balance and debt facilities as well as the issuance of 1,318,101 common shares of Major Drilling, valued on the closing of the transaction by the...

Represents “Best and Final” Offer from Blackstone and Starwood Capital and Provides Enhanced, Immediate and Certain Value Amended Agreement Unanimously Approved by Both Extended Stay Boards of Directors Special Meetings to be Adjourned to June 11, 2021 Shareholders Urged to Vote “FOR” the Amended Transaction on the WHITE Company Proxy Card CHARLOTTE, N.C., June 01, 2021 (GLOBE NEWSWIRE) — Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company” or “STAY”) (NASDAQ: STAY), Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) announced today that they have signed an amendment to their previously announced definitive merger agreement. Under the terms of the merger agreement, as amended, a 50/50 joint venture between funds...

DALLAS, June 01, 2021 (GLOBE NEWSWIRE) — TriumphPay, a division of TBK Bank, SSB, announced today that it has closed the previously announced acquisition of HubTran, a cloud-based provider of automation software for the transportation industry’s back-office. “Today is a momentous day for our company and our team members,” said TriumphPay chief executive officer Jordan Graft. “Since announcing this acquisition in April, the TriumphPay and HubTran teams have developed a solid plan to integrate our two platforms and create a fully integrated payments network for transportation, serving brokers and factors. With our open network, we will create frictionless presentment, settlement and payment of invoices for the benefit of all participants. With the close of this acquisition, we are ready to execute our strategy to...

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Lumine Group (“Lumine”), a division of Volaris Group focused in the communications and media vertical, today announced that it has completed the acquisition of Neural Technologies Ltd (“Neural”), a provider of modular revenue protection, signalling, machine learning (ML) and artificial intelligence (AI) software for telecom operators. Its revenue assurance suite includes capabilities for fraud management, revenue assurance, credit-risk management, business assurance, and anti-money laundering. Its ML and AI capabilities assist telecom operators with data integration and customer engagement. Neural is Lumine’s 19th acquisition, further establishing Lumine’s position as a leading global acquirer of communications and media software businesses. Founded in 1991 in England, Neural’s initial...