WSO2, a leader in enterprise digital infrastructure technology, has announced its acquisition of Moesif, a San Francisco-based startup known for its advanced API analytics and monetization capabilities. This all-cash deal is a key milestone in WSO2’s strategic roadmap aimed at accelerating global growth through targeted acquisitions. Moesif will continue to operate as an independent subsidiary...
Datafusion Systems, based in Dubai, UAE, is set to join Lumine Group Inc. in a strategic acquisition that aims to expand capabilities in the global security technology sector. With over 30 years of experience, Datafusion specializes in providing secure communication and intelligence solutions for telecom operators, law enforcement agencies, and government entities. Lumine Group, renowned...
New York-based Elevate has successfully acquired RISE Group, which is a marketing and commercial services consultancy located in Riyadh and Dubai. The financial details of the acquisition remain undisclosed, and the deal is subject to customary regulatory approval. This acquisition signifies Elevate’s entry into the Middle East and North Africa (MENA) region, as the company...
RIYADH: MAGRABi Retail Group, a prominent eyewear company, has signed a deal to acquire Kuwait’s optical chain, Kefan Optics. This strategic move aims to broaden MAGRABi’s presence in the Gulf market, particularly within Kuwait’s competitive optical retail sector. Kefan Optics is known for its professional eye care services and a loyal customer base. The acquisition...
Dubai Aerospace Enterprise (DAE) Ltd has successfully completed its acquisition of 100% of the outstanding shares of Nordic Aviation Capital for a total investment of US$2.0 billion. This significant acquisition was previously announced, and it marks a major milestone for DAE in the aviation sector. The completion of this acquisition enhances DAE’s position in the...
Arcapita Group Holdings Limited, a global alternative investment firm, has announced the successful completion of its acquisition of a majority stake in Trustpoint.One. Trustpoint is recognized as a leading provider of tech-enabled legal services to law firms and corporate clients across the United States, with its headquarters located in Atlanta, Georgia. The U.S. legal services...
Savvy Automotive, a leading provider of advanced automotive and green mobility solutions based in Abu Dhabi, is currently engaged in discussions to acquire the UAE operations of BluSmart. This potential acquisition highlights Savvy Automotive’s commitment to expanding its presence in the mobility sector, with a particular focus on sustainable and technologically advanced transportation options. Savvy...
First Avenue Real Estate Development Company, through the Al Shate’a Real Estate Fund, has successfully acquired a commercial plot of land in the Al Shate’a district of Jeddah for SAR 188 million. This plot spans nearly 15 000 square meters and is located on Sari Street, according to a recent filing with the bourse. The...
Creative Zone Group, a corporate service provider established in Dubai in 2010 by Steve Mayne and Mahesh Dalamal, has been acquired by Encor Group, which is headquartered in Hong Kong. The financial details of the acquisition have not been disclosed. As part of this transition, all shareholders have completely exited and are no longer involved...
Bahrain’s Solidarity Group has announced the successful acquisition of 100 percent shares in both Bahrain National Insurance Company (BNI) and Bahrain National Life Company (BNL). This transaction marks a significant expansion for Solidarity, enhancing its market presence in the insurance sector. The completion of this acquisition means that Solidarity has directly acquired 100 percent of...