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Mindsprint Expands Global Footprint in Australia to Bring Cutting-edge IT Solutions and Services

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SYDNEY, Feb. 21, 2025 /PRNewswire/ — Mindsprint, a leading differentiated technology solutions company known for its innovative and purpose-built solutions, today announced the opening of its ANZ office in Sydney, Australia. This expansion reinforces Mindsprint’s commitment to delivering cutting-edge IT solutions and services to clients across diverse sectors, including Food and Agriculture, Retail and Consumer Packaged Goods, Manufacturing, and Life Sciences.

Headquartered in Singapore, Mindsprint has established a robust presence in the enterprise customer segment, with state-of-the-art delivery centers in Chennai and Bengaluru. The addition of the Australian office enhances the company’s ability to effectively serve regional clients and drive business transformation through advanced technology solutions like Data Analytics, AI, SAP Transformation, Intelligent Automation, and Supply Chain Optimization to meet the unique needs of the market.

Suresh Sundararajan, Co-founder and CEO, Mindsprint, said, “We are excited to announce this strategic move as a key step in our global growth strategy, highlighting the substantial opportunities for managed services in the region. As businesses increasingly focus on their core competencies, we believe there is significant potential for growth. Additionally, we are thrilled to welcome Amit Bassi as Chairman for Mindsprint ANZ. With 30 years of experience, Amit brings a wealth of knowledge in driving business transformation and spearheading innovative initiatives in products, platforms, and services.”

Amit Bassi, President & Managing Partner, Mindsprint ANZ, said, “Mindsprint’s expansion reiterates our commitment to invest in the ANZ region. By building a talented local team and harnessing our global expertise, we aim to empower businesses to reach their full potential. Fuelled by advancements in digital, automation, AI solutions, and modernization, the Australian IT services market is projected to grow by 9.5% over the next five years*. This opportunity places us in a unique strategic position to create value for customers in this dynamic environment.”

Mindsprint has over 3000 employees, with a presence across the US, UK, Singapore, India, Middle East, and Africa. Mindsprint’s industry-agnostic Technology, Cybersecurity, and Business Process Services and solutions are adaptable to a broad industry spectrum, cutting across the supply chain, sustainability, smart manufacturing, procurement, spend analytics, enterprise applications, and more. With this move, Mindsprint aims to drive innovation and build trusted relationships with clients in Australia, New Zealand, and the broader Asia-Pacific region.

*Source: IT Services Industry Forecast 2024-31 Report by Industry ARC

About Mindsprint

Mindsprint’s purpose is to reimagine business with talent, technology, and insights-driven services and solutions. With a proven track record of two decades, enabling global organizations in their business and technology transformation journey, Mindsprint is a differentiated digital and business transformation partner with offerings ranging from digital transformation solutions to enterprise technology, business process services, and cybersecurity solutions. Powered by 3000 employees, they are headquartered in Singapore with a significant presence in India (Chennai and Bengaluru), the U.S., and the UK. Mindsprint has also been recognized as a Great Place to Work Certified™ company that combines talent, technology, and insights to reimagine business and technology transformation.

Mindsprint is a part of the Olam Group, a leading food and agribusiness supplying food ingredients, feed, and fiber to over 22,000 customers worldwide. It is supported by a global team of more than 82,000 employees across more than 60 countries. Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalization on SGX-ST. Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment, and governance transparency. Mindsprint is an independent digital solutions and business services provider that continues to support Olam and the entities while also focusing on new customers.

More information on Olam can be found at www.olamgroup.com and Mindsprint at www.mindsprint.com | in.linkedin.com/company/mindsprint

 

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

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SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

45 minutes ago

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July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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45 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

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SOURCE Fathom AI Inc.

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