Connect with us

Technology

PA Media and dpa raise strategic investment in Alliance News above 20%

Published

on

LONDON, July 31, 2024 /CNW/ — Two of Europe’s leading media organisations have increased their holdings in Alliance News, a London-based global provider of real-time financial news.

PA Media Group, the parent company of the Press Association, the national news agency for the UK and Ireland, and German news agency, dpa (Deutsche Presse-Agentur), have increased their combined stake to just over 21% (10.68% each) from just under 8% (3.86% each).

Both PA and dpa now will take seats on an expanded Alliance News board.

Alliance News provides four distinct news services for financial professionals and retail investors. The Global 500 service reports on the 500 largest and most followed listed companies in the world, while the Italian, South Africa and UK services cover every company publicly traded in those three local markets, including small-cap stocks and investment trusts. Economic and market reporting of all major economies complement the detailed equities news coverage.

Alliance News was formed in 2013 and has grown steadily since, with its global customer and coverage footprint continuing to expand.

Tom Waite, founder, editor & chief executive of Alliance News, said:

“Alliance News celebrated its 10th anniversary just over a year ago, which was a significant milestone for us. This new investment is another important moment. It is great to see dpa and PA stepping up their ownership of the company and involvement in our future direction at this crucial stage in our development.  We are increasingly working with dpa and its other portfolio companies, including dpa-AFX and AWP, on expanding our global news coverage. With PA, we are contributing news to the PA Mediapoint platform for PR and communications professionals, and recently we started to partner with PA’s social media specialist agency Hydrogen on custom-publishing projects.”

Emily Shelley, Chief Executive of PA Media Group, said:

“The news agenda will continue to be dominated by business and financial developments as companies in the UK, Europe and elsewhere navigate this period of political and economic change.  Alliance News is well positioned to provide the coverage that decision makers rely on and shares PA’s values of timely and accurate journalism.”

Peter Kropsch, Chief Executive Officer of dpa, said:

“We have been shareholders in Alliance News since 2017 and are very satisfied. The company has developed excellently since then. It harmonizes perfectly with the portfolio of our financial news agency operations in Germany and Switzerland. We look forward to supporting Alliance News and its management team even more in the development of new markets and products through our expanded involvement.”

About Alliance News 

Alliance News was founded in 2013, and its UK service quickly became known for its independent, fast and accurate coverage of every company listed in London, combined with the most relevant global economic and political news for investors. In 2017, Alliance News launched its Italian Service, providing the same universal news coverage in Italian language of all Milan-listed companies. This was followed by the South Africa Service in 2018 and the Global 500 service in 2019.

Alliance News is available via a wide range of leading market-data vendors, content-aggregation platforms, and investor-information websites in the US, UK, Italy and elsewhere.

For more information about Alliance News, visit www.alliancenews.com.

About PA Media Group 

PA Media Group comprises a diverse portfolio of specialist media companies, spanning news & information, technology and communications services.

Its flagship brand, PA Media, is the UK and Ireland’s national news agency.  Alongside PA Media, the Group is also the parent company of Alamy, a stock imagery business; Globelynx, a broadcast technology company; Sticky, a digital marketing agency; Hydrogen, a social media agency; StreamAMG, a video streaming business; PA TV Metadata, PA Mediapoint, PA Media Academy and PA Betting Services and iRace, specialist providers of data, content and related services to the betting sector. PA Media Group also owns stakes in the financial news provider, Alliance News, and automotive content business Baize Group.

PA Media Group has 20 shareholders, who are mainly UK news and media businesses. The largest shareholders include DMGT plc, Informa plc, News UK plc and Reach plc.

http://www.pamediagroup.com

About dpa 

The German Press Agency dpa is owned by more than 170 media companies. It is  a trusted, accurate and independent provider of news with the digital and multimedia content to power the media at home and abroad. Our customers benefit from the extensive global network of correspondents and editors maintained by Germany’s leading news wire. News gathering is completely free of outside influence which in turn guarantees that coverage lives up to the strict requirements of the dpa charter: This document lays down that reporting must be free of bias and unfettered by political, economic or governmental ideologies. Print media, radio stations, online and mobile communication providers in more than 100 countries rely on this journalistic excellence around-the-clock. Among dpa clients are parliaments, governmental and non-governmental organisations as well as businesses and public relations agencies. They all derive news content from the wide range of products and services provided by the dpa group of companies. www.dpa.com.

View original content:https://www.prnewswire.com/news-releases/pa-media-and-dpa-raise-strategic-investment-in-alliance-news-above-20-302210073.html

SOURCE Alliance News

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Xpect Solutions Acquires Amivero, Expanding Technical Capabilities and Customer Depth across National Security

Published

on

By

Combination advances Xpect’s strategy to build a differentiated mid-market federal technology platform spanning AI, fraud operations, enterprise IT, cybersecurity, data and digital modernization

FAIRFAX, Va., Sept. 3, 2026 /PRNewswire/ — Xpect Solutions (“Xpect”), a provider of enterprise IT, cybersecurity, digital modernization, and data and AI solutions to national security agencies, and a NewSpring Holdings platform company, today announced its acquisition of Amivero, a mission-driven technology solutions provider specializing in artificial intelligence, automation, fraud and intelligence operations, digital identity, data and analytics, and agile software development for Homeland Security agencies. At the center of the combination is a shared mission: protecting critical infrastructure, enabling secure information sharing and operationalizing AI for federal partners, while preserving the agility, customer intimacy and mission focus that define both organizations.

The acquisition represents an intentional step in Xpect’s strategy to build a solutions-oriented federal technology company serving national security missions across four key technical disciplines: enterprise IT, cybersecurity, digital modernization, and data and AI. Amivero accelerates that strategy by adding complementary capabilities and customer relationships. Its expertise in AI and automation, fraud operations, digital identity and software development complements Xpect’s strengths in network modernization, zero trust, cyber operations, physical security, cloud, DevSecOps and mission-focused data solutions. Together, the organizations will accelerate R&D and investment in repeatable, productized solutions that help federal partners modernize and scale mission-critical systems and move AI from experimentation to operational capability.

The organizations also share a strong cultural foundation and commitment to investing in their people. Amivero’s emphasis on transparency, purpose and human-centered, data-driven delivery closely aligns with Xpect’s focus on mission impact, ownership and accountability. Through its Integrated Talent Management (ITM) program, Xpect invests in career development, leadership, mentorship and internal mobility, complementing Amivero’s own commitment to helping employees learn, grow and advance.

“Xpect’s strategy has always been about building the capabilities our customers need to solve their most important mission challenges,” said Yusuf Abdul-Salaam, CEO of Xpect Solutions. “Amivero’s technical strengths and customer relationships complement ours, but what makes this combination especially compelling is our shared commitment to mission, people and culture. Together, with over 450 team members, we have greater technical depth and scale to take on larger more complex mission challenges and accelerate the development of innovative solutions. Just as importantly, we’re doing it while preserving the agility, accountability and customer intimacy that define both organizations.”

“I feel a deep responsibility to the people who have built Amivero and to the customers who trust us with missions that matter,” said Olivia Trivisani Bowker, Founder and CEO of Amivero. “That responsibility guided every part of this decision. In Xpect, we found a partner that respects what we have built, shares our commitment to people and mission, and brings complementary strengths that will help us do even more. Many of Amivero’s leaders, including me, will continue serving in leadership roles across the combined company, helping shape its future and carry forward the culture, mission understanding and customer commitment that our employees and customers value. Together, we can create new opportunities for our employees and bring greater depth, scale and innovation to our customers while continuing to serve them with the care and accountability they deserve from our team.”

Together, Xpect and Amivero are creating a new kind of federal technology partner, combining the scale and technical depth to take on increasingly complex mission challenges with the agility, customer intimacy and accountability of a mission-focused organization.

Piper Sandler & Co. served as financial advisor to Amivero in connection with the transaction. RSM, Aprio, Blank Rome, Baker Tilly, Morrison Foerster and Alera Group served as advisors to Xpect in connection with the transaction.

About Xpect Solutions

Xpect Solutions delivers integrated technical solutions that empower Federal Law Enforcement and National Security agencies to modernize legacy systems and enhance mission performance. Core capabilities span Enterprise IT, Digital Transformation, Cybersecurity, and Data, Analysis, and secure AI solutions—an integrated mix that helps agencies achieve efficiencies of scale and solve complex problems. With deep mission understanding and full-cycle expertise, Xpect designs, engineers, and deploys secure, reliable solutions that protect critical information, ensure compliance with federal standards, and enable technology-driven success. Learn More >> https://www.xpectsolutions.com/

About Amivero

Founded in 2018 and headquartered in Reston, Virginia, Amivero delivers innovative technology solutions for national security missions. Through capabilities spanning artificial intelligence, data science and analytics, digital identity, agile software engineering and platform services, and fraud and intelligence operations, Amivero helps federal agencies optimize data, automate workflows, mitigate fraud and deploy technology that strengthens national security and public trust.

Amivero’s human-centered, data-driven approach combines technology with a deep understanding of users and mission environments to create intuitive, secure and scalable solutions.

For more information, visit amivero.com.

About NewSpring Holdings

NewSpring Holdings, NewSpring’s majority investment strategy focused on sector-specific platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages over $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/xpect-solutions-acquires-amivero-expanding-technical-capabilities-and-customer-depth-across-national-security-302868339.html

SOURCE Xpect Solutions

Continue Reading

Technology

GitKraken Names Jim Shaw CEO as Software Teams Move From AI Adoption to Multi-Agent Orchestration

Published

on

By

Shaw joins GitKraken as the company builds momentum for the next challenge in AI-powered development: helping developers direct multiple agents and helping engineering leaders understand the value AI is delivering

SCOTTSDALE, Ariz., Sept. 3, 2026 /PRNewswire/ — GitKraken today announced that Jim Shaw will become Chief Executive Officer. Shaw succeeds Matt Johnston, who has led the company for the past five years through dramatic growth and scale.

Shaw joins GitKraken as the software industry moves into the next phase of AI adoption. Developers are no longer experimenting with a single AI assistant or copilot. Their work now spans across many agents, models and repositories, often in parallel. The challenge has shifted from generating code faster to managing all of that work without losing context, quality or control.

GitKraken has spent the past year expanding from the Git GUI company millions of developers know into the Code Flow company, focused on the work that happens between an idea and production.

That strategy has taken shape in the past six months in the form of two new products. GitKraken Insights is the AI-first software engineering intelligence platform built for engineering leaders to prove and improve the value AI is delivering to their teams and their business. Kepler, GitKraken’s agentic development environment, gives developers one visual workspace to run and monitor multiple coding agents in parallel across repositories, regardless of which agent or model they choose.

These solutions reflect a simple belief: developers should be free to use the AI tools that work best for them, while organizations should be able to see clearly whether those tools are making software delivery better.
That point of view is also what makes Shaw a natural fit for GitKraken.

Shaw spent 15 years at Acquia in roles spanning international expansion, customers, product and technology, ultimately leading its product and technology organization. Earlier in his career, he worked on a Lean manufacturing transformation at Rover Group, later owned by BMW, where he saw product flow and quality problems play out on the production lines building Range Rover and Mini. He has carried that systems view from physical products into software.

“AI has already changed how software gets written. The question now is what we do with all that new capacity,” said Shaw. “Developers need the freedom to choose which agents and models that work best for them without creating more complexity around the work. Engineering leaders need to know whether their AI investments are actually improving what gets delivered. GitKraken is in a unique position to solve both sides of that problem.”

Shaw has written about the risk of mistaking more code for more value. His view is that engineering organizations need to look beyond output and understand what AI is doing to quality, reliability, predictability and the value ultimately delivered to customers.

That thinking closely matches the direction GitKraken has already taken.

“Jim understands where software development is going because he has spent his career thinking about systems, products and how work moves through them,” said Fred Sturgis, Managing Director of Resurgens. “GitKraken has built an extraordinary relationship with developers with nearly 10 millions monthly active users. Jim is the right leader to build on that foundation as developers take on a new role directing multiple agents, in addition to writing code themselves.”

GitKraken has now served more than 50 million developers across its portfolio of tools. As those tools evolve, one thing will not: GitKraken’s commitment to the people who build software.

About GitKraken
GitKraken is the Code Flow company. As AI transforms how software is created, GitKraken helps developers, teams, and organizations manage the flow of work between ideas and production. Trusted by millions of developers worldwide, GitKraken builds tools that improve coordination between developers, AI agents, repositories, and delivery systems—helping organizations turn software velocity into meaningful outcomes.

Contact:
Kate Adams
***@gitkraken.com

Photo(s):
https://www.prlog.org/13168321

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/gitkraken-names-jim-shaw-ceo-as-software-teams-move-from-ai-adoption-to-multi-agent-orchestration-302868492.html

SOURCE GitKraken

Continue Reading

Technology

Cox Automotive Partners with Nova Credit to Embed Cash Flow Intelligence into Dealertrack

Published

on

By

Preferred partner integration advances cash flow intelligence into auto lending, starting with native embed of Income Navigator into Dealertrack, giving auto lenders near real-time cash flow intelligence to speed up time to funding, reduce manual workflows, reduce fraud risk, and responsibly boost approvals.

ATLANTA and NEW YORK, Sept. 3, 2026 /PRNewswire/ — Cox Automotive and Nova Credit, a leading credit infrastructure and analytics company, today announced a partnership to advance cash flow intelligence in auto lending, starting with the native integration of Nova Credit’s Income Navigator™ into Dealertrack, the auto industry’s leading credit application and digital contracting network. The integration enables auto lenders to return more personalized offers and automate income verification at the point of sale.

The current state of the U.S. auto market is highly competitive. New-vehicle sales are on pace to finish 2026 near 15.7 million, down from the first half of last year (Cox Automotive Mid-Year Review, June 2026), leaving lenders and dealers competing harder than ever for a shrinking pool of qualified buyers. 

Cox Automotive has named Nova Credit its preferred partner for embedded cash flow intelligence. Cash flow intelligence is the practice of turning bank transaction data into continuous, timely insight about a consumer’s financial health, and applying that insight across the entire credit lifecycle.

Nova Credit’s Income Navigator leverages bank, payroll, and document data to verify income and clear income stipulations directly within Dealertrack, replacing manual pay-stub collection, and resulting in reduced manual reviews and faster time to decision.

Key benefits of Income Navigator in auto finance include:

Faster funding that wins deals: Automated income verification clears stipulations at the point of sale, so deals move to funding faster instead of stalling on manual document collection.Fraud prevention at the source: Direct bank and payroll-sourced data replace easily altered PDF pay stubsAutomated manual work: Underwriting teams no longer comb through pay stubs to calculate net-to-gross income; Nova Credit automates the calculation and returns a single output.

“Bringing Nova Credit’s Cash Flow Intelligence into Dealertrack gives lenders and dealers a near-time, automated way to verify income and reduce fraud inside the workflows they already use,” said Andy Mayers, Lender Solutions Strategist at Cox Automotive. “This partnership offering is part of our broader strategy to drive efficiency and reduce risk for dealers and lenders. We see this Nova Credit integration as an important piece of the puzzle of moving to a fully automated origination process.”

“Buying a car is one of the most important credit decisions in a consumer’s life, and getting that right quickly requires a complete picture of their financial health,” said Chris Hansen, Head of Strategic Partnerships at Nova Credit. “With Cash Flow Intelligence embedded in Dealertrack, we’re helping lenders and dealers verify income in near real time and get to funding faster.”

Income Navigator is available for adoption in Dealertrack, with Westlake Financial among the first lenders to adopt.

“Our edge has always been better data, better technology, and more flexible risk models,” said Chris Urban, Executive Vice President of Risk and Underwriting at Westlake Financial. “We grow by approving good borrowers that others miss and understanding the true risk level across all aspects of an application. Income Navigator gives us another tool to help us verify the ability to pay and streamline our verification and funding process without slowing down the dealer or compromising our standards.”

Income Navigator supports the processing of millions of applications annually and is used by leading lenders and property managers to support income verification and reductions in manual review. Nova Credit operates as a Consumer Reporting Agency with nearly a decade of FCRA-compliance expertise, bringing proven policies, procedures, and adverse action support to every deployment.

Income Navigator is the first application to come out of the partnership. Building on it, Cox Automotive and Nova Credit are discussing extending cash flow intelligence further across the credit lifecycle, including a planned integration with Nova Credit’s cash flow underwriting solution, Cash Atlas®, which can help lenders price to each buyer’s true ability to pay and responsibly approve more near-prime, subprime, and thin-file applicants at the same level of risk. Nova Credit’s Cash Atlas® addresses decisioning. It analyzes bank transaction data to deliver FCRA-compliant cash flow attributes, including residual income, cash volatility, and account stability, giving lenders a near real-time view of each buyer’s financial health so they can price to each buyer’s true ability to pay rather than to the credit band. 

For more information, please visit www.novacredit.com and apply to attend the Cash Flow Intelligence Summit on September 10.

About Nova Credit
Nova Credit is the industry’s leading cash flow intelligence platform, enabling businesses to unlock the power of cash flow data in how they operate. The company leverages its industry-leading data infrastructure, intelligence layer, and FCRA-compliance to boost underwriting approvals, fight fraud, drive responsible growth, and more. Nova Credit supports over 7,000 businesses including organizations such as Westlake, HSBC, SoFi, Appfolio, and Yardi, with a growing suite of products. Learn more at www.novacredit.com.

About Cox Automotive
Cox Automotive is the world’s largest automotive services and technology provider. Fueled by the largest breadth of first- and third-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions for car shoppers, auto manufacturers, dealers, lenders and fleets. The company has 29,000+ employees on four continents and a portfolio of industry-leading brands that include Autotrader®, Kelley Blue Book®, Manheim®, vAuto®, Dealertrack®, NextGear Capital™, CentralDispatch® and Cox Fleet®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with $23 billion in annual revenue. Visit coxautoinc.com or connect via @CoxAutomotive on X, CoxAutoInc on Facebook or Cox-Automotive-Inc on LinkedIn.

Forward-Looking Statements and Relationship Disclosure
This press release contains forward-looking statements regarding the planned software integration between Dealertrack and Nova Credit, including anticipated launch timelines, product features, and operational benefits. These statements are based on current management expectations and are subject to risks, technical complexities, and market uncertainties that could cause actual results or deployment schedules to differ materially. 

Cox Automotive holds an indirect financial interest in Nova Credit through its investment fund, Socium Ventures. This announcement is intended solely for informational purposes and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or investment product. All product names, logos, and brands are property of their respective owners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cox-automotive-partners-with-nova-credit-to-embed-cash-flow-intelligence-into-dealertrack-302868482.html

SOURCE Cox Automotive

Continue Reading

Trending