Apple has acquired Q.ai, an Israeli start-up working on artificial intelligence technology for audio. Apple did not disclose terms of the deal for Q.ai, which was backed by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor and GV, formerly known as Google Ventures. The deal valued the start-up at about US$1.6-billion, according…
Apple has significantly bolstered its artificial intelligence ambitions by acquiring the Israel-based startup Q.ai. While Apple has not officially disclosed the financial terms, reports from the Financial Times value the transaction at nearly $2 billion. If confirmed, this would represent Apple’s second-largest acquisition in history, eclipsed only by the $3 billion purchase of Beats in…
In a monumental shift for the South African automotive landscape, Nissan and Chery have reached an agreement for the Chinese automaker to acquire Nissan’s historic manufacturing facility in Rosslyn, Pretoria. This deal marks the conclusion of nearly 60 years of Nissan vehicle assembly in South Africa and signals the first major move into local manufacturing…
Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure companies operating at scale in Africa. Flutterwave runs one of the continent’s largest payments networks, while Mono provides APIs that allow businesses…
The Metacom acquisition of Isenzo Broadcasting will strengthen its multimedia and analytics leadership — expanding capabilities and driving retail innovation across Africa. Metacom, Africa’s premier provider of managed ICT and IoT solutions and services for the retail, financial services and engineering sectors, has announced the strategic acquisition of Isenzo Broadcasting, effective 1 July 2025. This…
Strategix, which positions itself as a leading provider of Microsoft Dynamics 365 and enterprise technology solutions, is pleased to announce the acquisition of Youngblood Consulting, a South African-based data company renowned for its expertise in database management, traditional and modern business intelligence solutions, Azure Power Platform and Managed Services as well as IOT-driven platforms. This…
Just one day after overtaking SpaceX as the world’s most valuable private company, OpenAI announced its latest acquisition: Roi, a personal finance startup. Roi offered a “one-stop shop” for managing financial portfolios and featured an AI chatbot that provided personalized investing advice. Read: Sony ULT Field 5 Review: ULTimately Based While the details of the…
NTT Data has acquired South African Salesforce consulting partner Exah, a move aimed at strengthening its Salesforce and AI delivery capabilities across the Middle East and Africa (MEA). Alan Turnley-Jones, CEO of NTT Data in Middle East and Africa | image supplied The acquisition adds Exah’s local technical expertise and track record in customer-focused Salesforce…
E.tv owner eMedia has acquired a 30% stake in Pristine World Holdings, a specialist provider of visual effects services to global film and television markets, for R119-million. The purchase will be made by eMedia Investments and payment made to Pristine World owner Convergence IT Services FZCO – a company incorporated in United Arab Emirates. In…
Thoma Bravo, a leading software investment firm, announced today that it has entered into a definitive agreement to purchase Verint Systems, Inc. (Nasdaq: VRNT) (“Verint”) in an all-cash transaction reflecting an enterprise value of $2 billion for the company. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close…
