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ECARX Completes Acquisition of Flyme Software Business, Securing End-to-End Operating System Capabilities

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Completion brings Flyme Auto and Flyme OS fully in-house, aligning ECARX’s hardware and software roadmaps across the technology stackFlyme to operate as an independent software division, preserving R&D continuity and ensuring a seamless transition for existing customers

LONDON, Oct. 5, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a leading global automotive intelligence business, today announced the completion of its acquisition of the entire Flyme software business portfolio, first announced on June 22, 2026. Through the transaction, ECARX acquired 100% of the equity interest in Hubei Qiguang Technology Co., Ltd. (the “Acquired Entity”), a new entity carved out from DreamSmart Group to hold the Flyme business, comprising Flyme Auto, an in-vehicle cockpit operating system, and Flyme OS, a cross-device operating system.

Flyme Auto is already deployed by ECARX in 3.5 million production vehicles across multiple OEM partners, and Flyme OS is built on more than 15 years of continuous R&D and mass-market deployment across vehicles, smartphones and smart wearables. ECARX will operate Flyme as an independent software division. Existing operators of Flyme OS will continue to receive updates, and user data will remain in each operator’s ownership.

Ziyu Shen, Founder and CEO of ECARX Holdings Inc commented:

“The completion of the Flyme acquisition marks an important milestone in our strategy to build a fully integrated hardware and software platform. By bringing Flyme’s operating system, user experience, AI capabilities, and ecosystem expertise in-house, we strengthen our ability to deliver tightly optimized solutions that connect our silicon, computing platforms, and intelligent software into a unified offering. Owning the entire technology stack will enhance product differentiation, accelerate innovation, improve development efficiency, and create new revenue opportunities through software licensing, integration services, and connected car ecosystem monetization. Ultimately, Flyme positions ECARX to deliver a more compelling end-to-end experience for automakers while strengthening our long-term competitive advantage.”

Flyme complements ECARX’s Cloudpeak® cross-domain software stack, with Flyme Auto providing the in-cabin application layer for vehicles in China and Flyme OS enabling seamless connectivity between vehicles, smartphones and smart devices. The expanded portfolio will provide global automakers with greater flexibility to engage with ECARX across multiple layers of the technology stack, from standalone hardware and software solutions to full-stack products.

Transaction Details

The total consideration paid for 100% of the equity of the Acquired Entity was RMB1.8 billion (approximately US$266 million), as compared with an independent valuation of RMB1.824 billion as of May 31, 2026.

The acquisition was executed as an all-cash transaction, consisting of approximately 70% syndicated bank loans from Chinese commercial banks on market terms with a 10-year maturity, and approximately 30% from internal sources. Following closing, ECARX will provide the Acquired Entity with a RMB200 million capital injection to support its operations.

The Acquired Entity houses all mission-critical Flyme intellectual property, R&D teams, engineering resources, OEM customer contracts and supporting operational infrastructure.

About ECARX

ECARX (Nasdaq: ECX), headquartered in London, is a leading global automotive intelligence company. ECARX provides the intelligent brain that powers the next generation of software-defined and AI defined vehicles. The company delivers end-to-end, full-stack solutions spanning advanced system-on-chip hardware, high-performance central computing platforms, intelligent cockpit technology, Advanced Driver Assistance Systems, cloud connectivity and physical AI, alongside bespoke vehicle software and intelligent operating systems.

As automakers transition to software-first and AI-first vehicle architectures, ECARX empowers automakers to streamline integration, reduce systemic complexity and optimize long-term cost efficiency. ECARX’s proven technology is deployed across over 12 million vehicles worldwide, and is currently partnered with 18 global automakers and 28 vehicle brands to shape the future of automotive intelligence.

Founded in 2017 and listed on Nasdaq in 2022, ECARX operates from 15 major international locations across Europe, the Americas and Asia, with a global team of over 1,400 employees.

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

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SOURCE ECARX Holdings Inc.

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Achieve named one of Arizona’s ‘Most Admired Companies’ for sixth consecutive year

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Recognition highlights Achieve’s investment in its people and commitment to helping consumers build stronger financial futures

SAN MATEO, Calif., Oct. 5, 2026 /PRNewswire/ — Achieve, the leader in digital personal finance, has been named one of Arizona’s Most Admired Companies for the sixth consecutive year. The recognition from Az Business magazine, presented in partnership with BestCompaniesAZ, celebrates Achieve’s commitment to building stronger financial futures for consumers and a workplace where teammates can grow, contribute and make a difference.

In its 2026 profile, Az Business highlighted Achieve’s investment in employee growth, education and community service, recognizing a culture that supports career development, leadership, encourages innovation and makes giving back part of how the company operates.

“Multiple years of recognition reflect something at the core of Achieve: a mission-driven company that cares about our clients, our people and our communities,” said Achieve Co-Founder and Co-CEO Brad Stroh. “Helping consumers take control over their financial future takes people who care deeply about their outcomes. Investing in our teammates strengthens that foundation and brings our mission to life in every conversation, every decision and every community we serve.”

Arizona’s Most Admired Companies are selected by a panel of independent judges assembled by BestCompaniesAZ. The program evaluates organizations across leadership, workplace culture, community impact, customer service and innovation. According to Az Business, the 2026 honorees emerged from the most competitive field in the program’s history.

Achieve’s profile emphasized three strengths behind its recognition:

Growth from within: Investment in teammate development and education helps people build their careers while contributing to the company’s mission.Innovation with purpose: A culture that encourages new ideas supports Achieve’s work helping consumers improve their financial futures.Community commitment: Giving back is woven into the workplace culture, extending Achieve’s impact beyond the consumers it serves.

“At Achieve, we want teammates to see a future for themselves and know their work makes a difference,” said Achieve Senior Vice President of Human Resources Heather Marcom. “That means making room for them to learn, contribute ideas and take the next step in their careers. When people feel supported and see the impact of their contributions, they bring that commitment to their teammates, our consumers and the broader community.”

The 2026 honorees will be celebrated Oct. 8 at Chateau Luxe in Phoenix.

Achieve has served over 2 million consumers, helping to resolve over $22 billion in debt and facilitated over $15 billion in personal loans and home equity lines of credit since 2002. Achieve was also named to Az Business Magazine’s AZ Big 100 List for 2026, which highlights the organizations and leaders shaping Arizona’s economic future.

As a trusted leader in debt consolidation, Achieve remains committed to helping everyday people move toward a better financial future. This commitment is rooted in providing a transparent experience, a personalized approach to every member’s unique situation and the predictable, fast cash flow necessary to attain long-term financial stability. By focusing on these core principles, the company continues to redefine how consumers manage debt and build lasting financial health.

About Achieve

Achieve, THE digital personal finance company, helps everyday people get on, and stay on, the path to a better financial future. Achieve pairs proprietary data and analytics with personalized support to offer personal loans, home equity loans, debt relief and debt consolidation, along with financial tips and education and free mobile apps: Achieve MoLO® (Money Left Over) and Achieve GOOD™ (Get Out Of Debt). Achieve is frequently recognized for providing top-rated customer experience and satisfaction by both consumers and leading personal finance review platforms and has 2,200 dedicated teammates across the country, with hubs in Arizona, California, Florida and Texas.

Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com, Equal Housing Opportunity (NMLS ID #138464); Achieve Home Loans, Equal Housing Opportunity (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Freedom Debt Relief (NMLS ID # 1248929); and Freedom Financial Asset Management (CRD #170229).

Contacts

Austin Kilgore
akilgore@achieve.com
214-908-5097

Elina Tarkazikis
etarkazikis@achieve.com

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SOURCE Achieve

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Keyfactor Appoints Former CyberArk CEO Matt Cohen to Board of Directors and Strategic Advisor

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Appointment comes as Keyfactor closes $1B+ growth investment led by Summit Partners and accelerates its next phase of scale beyond $200 million in ARR

ATLANTA and STOCKHOLM, Oct. 5, 2026 /PRNewswire/ — Keyfactor, the leader in trust infrastructure for AI and machines, today announced the appointment of former CyberArk CEO Matt Cohen to its Board of Directors. Cohen will also serve as a strategic advisor to Keyfactor CEO Jordan Rackie, providing an additional source of perspective and operating experience as the company enters its next phase of growth and scale.

The appointment coincides with the closing of Keyfactor’s previously announced $1 billion-plus growth investment led by Summit Partners and follows the company’s recent milestone of surpassing $200 million in annual recurring revenue (ARR). Together, the developments reflect Keyfactor’s continued growth and accelerate investment behind its Trust Control Plane and expand its leadership across machine identity, cryptography, AI security and post-quantum readiness.

Cohen most recently served as CEO of CyberArk, where he helped lead one of cybersecurity’s defining growth stories and ultimately the company’s approximately $25 billion acquisition by Palo Alto Networks. Over more than two decades in technology, Cohen has built and scaled global businesses, led major strategic and operational transformations, and created significant enterprise value. Before becoming CyberArk’s CEO in 2023, he served as its Chief Revenue Officer and Chief Operating Officer. Earlier in his career, he held senior leadership roles at PTC, including Executive Vice President of Worldwide Field Operations, helping scale the company beyond $1 billion in ARR.

“As we began thinking about Keyfactor’s next chapter with Summit and the rest of our Board, we were very intentional about the experience and perspective we wanted around the table,” said Jordan Rackie, CEO of Keyfactor. “As our market opportunity continues to expand, we’re entering a phase where scaling with ambition, discipline and operational rigor will be critical.”

“Matt was someone we pursued very deliberately. He has operated at the scale we aspire to reach, helped build a category leader in cybersecurity and navigated many of the opportunities and inflection points that lie ahead for Keyfactor. We share similar values around leadership, transparency and how to approach both opportunities and challenges. He brings tremendous experience and judgment to our Board, and I’m equally excited to have him as a strategic and trusted advisor as we navigate Keyfactor’s next phase of growth.”

Keyfactor has emerged as a global leader at the intersection of machine identity and cryptography as enterprises confront an unprecedented expansion in the number of machines, workloads, applications and AI agents that must be authenticated and trusted. The company’s Trust Control Plane represents the next evolution of how enterprises manage trust across these environments. It creates a unified control layer that brings together visibility, intelligence, policy and action across machine identity and cryptography.

“The most exciting companies are often positioned at the intersection of major technology shifts, and that’s exactly where I believe Keyfactor sits today,” said Cohen. “AI, machine identity, cryptographic modernization and the transition to post-quantum security are converging to create one of the most significant security challenges enterprises will face over the next decade.”

“Keyfactor has meaningful scale, a strong culture and a clear vision for where the market is headed. From my early conversations with Jordan, we found a lot of common ground, and I saw a leader who’s clear-eyed about what the next level of growth truly demands. I’m excited to join the Board, serve as a strategic advisor to Jordan and help the team capitalize on the tremendous opportunity ahead.”

Summit Partners’ investment provides additional resources to help accelerate Keyfactor’s growth strategy, which focuses on continued product innovation, international expansion, strategic acquisitions and investment across the company’s global organization. Cohen’s appointment reflects a broader philosophy around preparing Keyfactor for its next phase: continuing to strengthen the leadership team while surrounding the company with Board members, advisors and partners who bring relevant experience from the scale Keyfactor intends to reach.

For more information, visit https://www.keyfactor.com/.

About Keyfactor

Keyfactor is the leader in trust infrastructure for AI and machines. The platform equips enterprises to take control of the machine identities and cryptography that safeguard every digital interaction. By bringing fragmented tools and assets into a single control plane, security teams can see their cryptographic landscape, find and remediate risk exposure, roll out compliant and quantum-safe cryptography, and issue a cryptographic identity to every machine, workload and AI. Trusted by the largest enterprises and government agencies, Keyfactor delivers the resilient foundation organizations need to keep running uninterrupted in the AI and quantum era. Learn more at www.keyfactor.com or follow Keyfactor on LinkedIn.

Media Contact for Keyfactor:

Danielle Ostrovsky
Hi-Touch PR
Ostrovsky@Hi-TouchPR.com

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SOURCE Keyfactor

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10 Federal Formalizes Executive Leadership Team in Preparation for Company Growth, Naming Geoff Hayth President, Beau Agnello Chief Operating Officer and Brian Oakley Chief Technology Officer

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DaVinci Lock President Hayth to lead the executive team; Agnello joins from Go Store It; Oakley promoted to CTO as company builds its C-suite for an accelerated phase of growth

RALEIGH, N.C., Oct. 5, 2026 /PRNewswire/ — 10 Federal, a leading technology-driven self-storage owner and operator, today announced the formation of a formal executive leadership team built to accelerate the company’s growth. Geoff Hayth has been named President and Chief Customer Experience Officer (CXO), Beau Agnello has joined as Chief Operating Officer, and Brian Oakley has been promoted from Vice President of Technology to Chief Technology Officer, all effective September 28, 2026. Together with Chief A.I. Officer Christopher Taylor, appointed in April, the team reports to Co-CEOs Brad and Cliff Minsley.

10 Federal’s record includes more than a decade of industry firsts, from pioneering the remote-managed facility model to building DaVinci Lock and Tenant Connect in-house to appointing the self-storage industry’s first Chief A.I. Officer earlier this year. The formation of the executive leadership team is the first in a series of moves designed to significantly increase the company’s rate of growth across acquisitions, third-party management and adjacent asset classes. Additional announcements are expected in the coming months.

Hayth joins the executive team from DaVinci Lock, the 10 Federal-founded access control platform he leads as President and will continue to lead. He previously spent eight years at Extra Space Storage, most recently as Director of Operations. Agnello joins from Go Store It Self Storage, where he served as Chief Operating Officer while the company grew from roughly 100 operating properties to more than 200 across 27 states, including its 2024 merger with Snapbox Self Storage that combined more than 10 million square feet under a single platform.

“Geoff has been part of 10 Federal’s story for years, as a board member, as the leader who built DaVinci Lock into a platform used across the industry, and as one of the clearest thinkers we know on what customers actually want from a storage experience,” said Brad Minsley, Co-CEO of 10 Federal. “The timing is intentional. We are entering a phase of tremendous growth, and we need the right people in the right seats ahead of what is to come. With Geoff, Beau, Brian and Chris in place, we have them. Cliff and I are taking a more active role in the company’s day-to-day operations because we believe the next few years are the most important in this company’s history, and we want to be on the field for them.”

The appointments come during an active period of expansion. In recent months, 10 Federal opened two ground-up Class A facilities in Richmond Hill, Georgia, and Lake Worth, Texas, acquired three facilities in Azle and Springtown, Texas, adding more than 2,600 units and 375,000 net rentable square feet, and entered retail real estate with the acquisition of Eric Lane Shopping Center in Burlington, North Carolina.

Since acquiring its first self-storage facility in 2015, 10 Federal has built a proprietary automated management platform that includes predictive analytics, automated access control, A.I.-driven property auditing, drone-based security and A.I.-powered voice and customer service agents. That platform now supports operations at 131 properties across 15 states. The executive team’s mandate is to extend it across a much larger footprint.

Geoff Hayth, President and Chief Customer Experience Officer

Hayth has served as President of DaVinci Lock since 2022, leading the development of its customer-facing platform and its growth into an access control system now used in 1 out of every 6 storage facilities nationwide. He has also served as a board member and strategic advisor across the 10 Federal family of companies. As President and Chief Customer Experience Officer, Hayth will lead the executive team and own the customer experience across 10 Federal’s platform as the company grows.

“We built an industry leading operating platform, and we are primed and ready to grow quickly as we enter this next phase,” said Hayth. “I worked alongside Beau at Extra Space, and I know exactly how capable he is as both an operator and a leader. He isn’t joining 10 Federal to maintain what we’ve built. He’s joining to multiply it. Pairing him with Brian, who built the technology foundation this company runs on, and Chris, who is building what comes next, gives us a leadership team that can carry this platform a long way.”

Beau Agnello, Chief Operating Officer

Agnello brings more than 14 years of self-storage operating experience across public REIT, private equity-backed and owner-operator platforms. He began his career at Extra Space Storage in 2012 and rose to Division Vice President, overseeing approximately 170 properties and 11 million square feet across Texas and Oklahoma. He later led operations for a privately held owner-operator before joining Go Store It as Chief Operating Officer in 2023, where he led the integration of the Snapbox merger and the company’s investments in remote operations and contact center performance. As Chief Operating Officer, he will oversee operations and marketing for 10 Federal’s automated self-storage portfolio and growing third-party management business, including field and remote operations, revenue management and the onboarding of newly acquired and managed properties.

“Most operators say their people are the key to their success, but very few use technology to actually put their best people in front of the customer every time,” said Agnello. “10 Federal is the exception. The automation here isn’t a pilot program, it’s business. My job is to take that platform and scale it, and I don’t think there is a better place in self-storage to do that right now.”

Brian Oakley, Chief Technology Officer

Oakley has led 10 Federal’s technology organization since joining the company in 2023, directing the enterprise platforms, automation and digital infrastructure that underpin its remote-managed operating model. He previously served as Vice President of Technology at Realterm, an independent global investment manager focused on transportation real estate, where he led enterprise technology strategy and a firm-wide digital transformation as assets under management grew from approximately $1 billion to $12 billion. Earlier, he held technology, data architecture and quantitative roles at T. Rowe Price and the Johns Hopkins University Applied Physics Laboratory. As Chief Technology Officer, Oakley will oversee technology strategy, product and enterprise platforms across the company, working alongside Taylor to bring A.I. capabilities into production at scale.

“Every product and platform decision we make gets measured against three things: does it improve the customer experience, does it make the operation more efficient, and does it create greater value for our investors?” said Oakley. “We believe the best technology should accomplish all three. My job as CTO is to make sure that remains true as we grow.”

Media Contact: Geoff Hayth, President and CXO, ghayth@10federal.com

About 10 Federal

10 Federal is a leading innovator in the self-storage industry, with 131 managed properties across 15 states. As one of the largest owners and operators of fully automated self-storage facilities in the country, the company harnesses advanced technology, artificial intelligence, and data analytics to deliver superior risk-adjusted returns. Recognized as an Inc. 5000 Fastest Growing Company in America, an Inside Self-Storage (ISS) Top 100 Operator, a Top Performing Real Estate Fund by Preqin, and a Top Fundraiser by Juniper Square, 10 Federal has built an automated management platform that redefines operational efficiency in the modern self-storage industry. For more information, visit www.10fed.com.

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SOURCE 10 Federal

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