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Driven Tech, Inc. Signs Definitive Agreements to Acquire TekBay and ADEX, Expanding Applied Intelligence Platform and Enterprise AI Capabilities

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NEW YORK, May 21, 2026 /PRNewswire/ — Driven Tech, Inc. today announced it has signed definitive agreements to acquire TekBay LLC and ADEX International, significantly expanding the company’s Applied Intelligence platform and accelerating its ability to help enterprises operationalize AI securely, responsibly, and at scale across infrastructure, security, operations, and applications.

As AI rapidly reshapes enterprise technology, organizations are increasingly seeking partners capable of combining deep engineering expertise, data science, platform integration, and real-world operational experience. The acquisition strengthens Driven’s position as a platform-led systems integrator built for the Intelligence Era and further advances the company’s strategy of helping enterprises transition from traditional infrastructure-centric operations to intelligent, data-driven, AI-powered operating models.

The acquisition brings nearly 60 AI engineers, architects, developers, data scientists, and specialists from TekBay LLC and ADEX International LTD to Driven, with deep expertise across enterprise AI architecture, data engineering, data science, GenAI development, MCP servers, LLM engineering, AI operations, agentic AI frameworks, and next-generation AI application development, supported by a deeply data-driven engineering culture. The acquisition also expands Driven’s strategic relationships and delivery capabilities across Amazon Web Services, Google Cloud Platform, and Microsoft Azure, enhancing the company’s ability to design, deploy, secure, and operate scalable multi-cloud AI-powered platforms and data-driven AI environments for enterprise customers.

Customers will benefit from expanded AI engineering expertise, faster innovation cycles, deeper multi-cloud integration capabilities, and accelerated deployment of AI-powered operational platforms spanning infrastructure, security, cloud modernization, AI operations, and next-generation application development.

“AI is driving one of the largest architectural shifts the industry has seen in decades,” said Vinu Thomas, COO and President of Driven Tech, Inc. “This acquisition significantly strengthens our Applied Intelligence platform and expands our ability to help customers operationalize AI securely and at scale across infrastructure, security, operations, and cloud environments. As enterprises move from AI experimentation to real-world deployment, data and data science have become foundational to successful AI outcomes. In addition to deep AI engineering and multi-cloud expertise, this acquisition significantly expands our capabilities across data engineering, data science, AI operations, and intelligent automation.”

Driven also announced that Sanjeev Pant, Founder and CEO of TekBay, will formally assume the role of SVP and Chief Innovation Officer at Driven, reporting directly to COO and President Vinu Thomas. Pant will lead Driven’s Applied Intelligence business unit and help drive innovation across the company’s AI strategy, platform offerings, and customer solutions. He will be joined by TekBay co-founders Yukti Basnet and Baivab Dhoj Khadka, who have been instrumental in building TekBay’s engineering excellence and AI innovation capabilities and will continue to play key leadership roles within Driven’s Applied Intelligence organization.

“This combination represents a tremendous opportunity to build a next-generation AI and innovation platform,” said Sanjeev Pant. “Driven’s vision around AI-Driven Digital Foundations, Pervasive Security, and Applied Intelligence strongly aligns with where enterprises are heading. Together with my co-founders, Yukti Basnet and Baivab Dhoj Khadka, and our talented team, I’m excited to join Driven and help customers operationalize AI at scale.”

The acquisition also expands Driven’s global engineering and delivery footprint, enhancing the company’s ability to deliver scalable and secure AI, cloud, data, and operational capabilities for enterprise customers worldwide.

The transaction is subject to customary closing conditions, including applicable government approvals.

About Driven Tech

Driven Tech, Inc. delivers managed IT, cybersecurity, cloud, and AI services designed to enhance organizational resilience, intelligence, and performance. Anchored in its three core platforms — AI-Driven Digital Foundations, Pervasive Security, and Applied Intelligence — Driven combines engineering excellence, data science, automation, and best-in-class technologies through deep API-driven architectures to help organizations secure everything, operationalize AI, and drive intelligent business outcomes at scale.

Website
https://driven.tech/

LinkedIn
https://www.linkedin.com/company/driven-technologies

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https://x.com/driven_tech

Tripper Allen
Marketing
Oxford + Bond
tripper.allen@oxfordandbond.com

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Valmet supplies a complete board making line for efficient premium-quality coated board production in Asia

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Valmet Oyj’s press release on September 23, 2026, at 9:30 a.m. EEST

ESPOO, Finland, Sept. 23, 2026 /PRNewswire/ — Valmet has been selected to supply a coated board making line, automation, and lifecycle services to a customer in Asia. The new line will produce premium-quality coated board grades and support the customer’s targets to strengthen their position as a leading producer in their field. The delivery will support the customer’s unique know-how and enable them to reach new levels of combined quality and production efficiency. The start-up of the machine is scheduled for 2028.

“Customers are increasingly looking for solutions that combine high product quality, production efficiency, and long-term performance. By combining advanced board making technologies, automation, and lifecycle services into one integrated delivery, we can support reliable operations and efficient production of premium-quality coated board while ensuring sustainable performance throughout the lifecycle of their investment. Valmet’s earlier deliveries of similar production lines to Asia region rank among the highest productivity and quality benchmarks in the area,” says Markus Veikkola, Sales Director, China and Asia Pacific, Packaging and Paper Machines, Valmet.

The extensive board line order includes stock preparation and a complete board machine from headboxes to reel and winders. The consistent lifecycle performance of the machine is secured with automation, digital services, and paper machine clothing and spare parts packages.

The order is included in Valmet’s orders received for the third quarter of 2026. The value of the order will not be disclosed.

VALMET 
Corporate Communications 

Further information:
Petri Paukkunen, Vice President, Packaging and Paper Machines, Packaging and Paper Business Area, Valmet, tel. +358 40 744 8182
Petri Rasinmäki, Executive Vice President, Packaging and Paper Business Area, Valmet, tel. +358 10 672 0000 (switchboard)

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

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Temu Expands Seller Education with Bureau Veritas, QIMA and TÜV SÜD

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DUBLIN, Sept. 23, 2026 /PRNewswire/ — Temu is expanding its seller education programs in collaboration with eight global product testing and certification organizations, including Bureau Veritas, QIMA and TÜV SÜD. The courses help sellers on Temu understand the product safety and certification requirements that apply to their products and markets.

The training courses give sellers direct access to independent specialists who explain how regulatory requirements apply to their products. Sellers also have testing and certification support available to them on the platform.

The courses are livestreamed through the Temu Seller Academy. Sessions held in August recorded more than 4,000 views by sellers in total and over 2,000 interactions. For example:

Bureau Veritas provided an overview of European toy safety requirements, including regulatory updates, labeling rules and physical and chemical risks.TÜV SÜD covered testing and certification requirements for children’s toys in Europe and the United States, focusing on risk mitigation through product design and material selection.

The August program also included a session led by SPEAC, an EU-funded product safety project, on the EU Packaging and Packaging Waste Regulation and practical requirements for online sellers.

Upcoming sessions will cover electronics, textiles, footwear, cosmetics and food-contact materials.

“Every new market brings fresh obligations, from product safety rules to testing and certification,” said a Temu spokesperson. “By organizing these training sessions with industry leaders, we give sellers direct access to specialists and practical information they can apply to their own operations and products.”

Temu held more than 100 meetings with trade associations, chambers of commerce and start-up networks in Europe in the first half of 2026 to understand the difficulties small businesses face in selling online. The practical demands of selling in multiple markets came up consistently, and that feedback informs Temu’s broader support for sellers.

The seller education programs form part of this support, alongside dedicated onboarding teams that provide continued guidance through Temu’s Local Seller Program. Sellers can also connect their existing business software to Temu through more than 200 ERP integrations and access a network of more than 150 delivery providers across Europe, including DHL Group and La Poste.

Temu is deepening its engagement with Europe’s business communities, and has signed memorandums of understanding with Start:up Slovenia, Portugal’s APDC, Cyprus’s CITEA and Switzerland’s SKV to contribute to knowledge-sharing. Temu has also joined Cross-Border Commerce Europe to participate in EU dialogue on cross-border e-commerce.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

View original content:https://www.prnewswire.com/news-releases/temu-expands-seller-education-with-bureau-veritas-qima-and-tuv-sud-302887240.html

SOURCE Temu

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TK Elevator Launches MAX in Vietnam to Maximize Elevator and Escalator Uptime

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TK Elevator Vietnam announces the launch of MAX cloud-based IoT building operations platform to improve operational efficiency and support smarter building management.MAX is designed to streamline operations and increase uptime through analyzing real-time data from connected elevators, escalators and moving walks  MAX enables actionable insights and predictive maintenance that can reduce downtime by up to 50%.

HANOI, Vietnam, Sept. 23, 2026 /PRNewswire/ — TK Elevator, one of the market and innovation leaders in the elevator industry, is pleased to announce the launch of its flagship building operations platform MAX in Vietnam. MAX is an IoT platform that harnesses cloud computing, big data and machine learning to improve operational efficiency and support smarter building management. MAX brings cloud-based maintenance data and insights to building operations enabling actions such as monitoring, control and predictive maintenance. In turn this creates additional value for building owners, property managers and maintenance personnel by offering more streamlined operations and increased availability of vertical mobility systems.

TK Elevator’s all-encompassing digital solutions consist of MAX and AGILE platforms, catering for the needs of building operations and people experience respectively. Digital Maintenance will be launched in the Asia Pacific region as the flagship product of the MAX range. As economic growth and infrastructural development continue in Vietnam, MAX enables optimal customer service for building operators and managers by analyzing real-time data from connected elevators, escalators and moving walks. Leveraging the availability of real-time status of elevators and escalators, property managers and maintenance personnel can easily manage the entire property through one comprehensive platform, taking full advantage of predictive and digital maintenance brought by MAX.

“With MAX, our innovative cloud-based predictive maintenance solution, TK Elevator is advancing the digitization of vertical mobility systems. Together with AGILE, our digital passenger experience platform that enables intelligent destination control and optimized passenger flow, MAX helps customers leverage real-time insights to improve reliability, transparency and operational efficiency. As Vietnam accelerates its digital transformation, our ambition is to set a new benchmark for service excellence and digital building operations,” said Diem Huynh, Managing Director, Vietnam & Cambodia, TK Elevator.

MAX is the ideal building operations solution for elevator and escalator operators of all scales, proven to reduce downtime by up to 50%. From standalone TKE elevators in residential buildings to hundreds of units newly installed or modernized by TKE in commercial facilities or infrastructure projects, adding MAX new or as retrofits provide property owners and managers with additional operation and maintenance insights through its MAX premium package.

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Can be downloaded HERE

ABOUT TK ELEVATOR
Please download our company boiler HERE

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SOURCE TK Elevator

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