Topic: company history
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Own the $43,000 iPhone Air Zenith: Luxury Redefined
The iPhone Air Zenith by Caviar International is an ultra-luxury smartphone priced at $43,000, made from solid 18-carat gold and black crocodile leather, with only three units available globally. Caviar also offers the iPhone Air Crystal for $5,800 and the iPhone Air Aureon for $6,000, both limit...
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Octopus Energy Launches Kraken: AI-Powered Billing Platform
Octopus Energy is spinning off its Kraken technology platform due to its significant growth, with $500 million in annual revenue from external clients and potential plans for an IPO valuing it at $15 billion. The spin-off aims to eliminate conflicts of interest as Kraken partners with energy prov...
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Via Stock Rises Slightly Above IPO Price After Slow Start
Via's IPO was priced at $46 per share, raising $493 million, with shares closing above $49 and valuing the company at $3.9 billion. The company, which provides transit optimization software to 689 cities, plans to use IPO proceeds for growth initiatives and strategic acquisitions. Via has shown s...
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Stephen Liang Retires, Scott Armul Named Chief Product and Technology Officer
Stephen Liang, Vertiv's Chief Technology Officer, will retire on January 1, 2026, after thirty years of service, during which he significantly shaped the company's technology strategy and innovation. Scott Armul has been appointed as the new chief product and technology officer, effective the sam...
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Funcom Lays Off Staff, Shuts Down Studio Amid Dune: Awakening Development
Funcom is restructuring with employee layoffs and closing The Outsiders studio, despite the success of *Dune: Awakening*, which sold one million copies and became its fastest-selling title. The restructuring aims to reallocate resources for *Dune: Awakening*'s transition to long-term live operati...
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Codan's HR Chief on SAP Connect 2025: A Customer Spotlight
Codan's strategic implementation of SAP SuccessFactors has enabled them to manage rapid international growth, transitioning from a limited HR system to a comprehensive one that connects all employees as the company expanded from 250 to over 1,000 staff through acquisitions. At SAP Connect 2025, i...
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IFS Names Mihita Podobnik as Chief People Officer
IFS has appointed Mihita Podobnik as its new Chief People Officer, emphasizing its commitment to a people-first culture and high-performance organization. Podobnik, previously Chief of Staff, is recognized for her strategic leadership and ability to align vision with implementation to advance the...
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Cowboy E-bikes in Acquisition Talks
Cowboy, an electric bike maker, is in advanced acquisition talks with ReBirth Group, which recently provided it with financial support to avoid bankruptcy. The company gained recognition for its smart, connected e-bikes featuring app-controlled locks and location tracking, raising over €100 milli...
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Vimeo Acquired by Bending Spoons in $1.38 Billion Deal
Vimeo has been acquired by European software company Bending Spoons for $1.38 billion, expanding Bending Spoons' portfolio. Vimeo has pivoted toward enterprise clients and creators, integrating AI tools and increasing hosting fees under CEO Philip Moyer. The acquisition follows Vimeo's recent 10%...
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Proton VPN Review 2025: Why It's Our Top Pick
Proton VPN evolved from Proton Mail and maintains a strong commitment to privacy and performance, distinguishing itself through consistency in a consolidating industry. The service focuses on perfecting essential VPN features, offering strong security, high speeds, and seamless operation for unin...
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Klarna's $1.4B IPO Soars, Sequoia Reaps Biggest Rewards
Klarna successfully launched its IPO on the New York Stock Exchange, raising $1.4 billion and achieving a market valuation of $15 billion with strong initial trading performance. The majority of shares sold came from existing investors like Sequoia Capital and BlackRock, who partially cashed out ...
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Who Makes Hisense TVs? Inside Their Global Manufacturing
Hisense has become the world's second-largest TV seller, trailing only Samsung, by offering feature-rich televisions at competitive prices that appeal to a broad audience. The Hisense Group is a major Chinese multinational, manufacturing not only its own TVs but also producing televisions for bra...
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Qatar Suspends Talabat for 1 Week Over Consumer Rights Breach
Qatar's Ministry of Commerce and Industry suspended Talabat for one week due to verified breaches of consumer protection regulations, including misleading product information and improper payment collection. The suspension was based on violations of specific articles in consumer law, prompting ad...
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