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Grain Management Announces Strategic Transaction to Scale Spectrotel Through Partnership with Charlesbank and Combination with AireSpring

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Grain to realize value while reinvesting alongside Charlesbank Capital Partners; combination with AireSpring positions the platform for accelerated expansion in managed network services

WASHINGTON, April 23, 2026 /PRNewswire/ — Grain Management, LLC (“Grain”), a leading private investment firm focused on digital infrastructure and communications, today announced a strategic transaction involving Spectrotel Holding, LLC (“Spectrotel”), a leading provider of managed network services and connectivity solutions. As part of the transaction, funds managed by Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm focused on management-led buyouts and growth investments, will make a new strategic investment in Spectrotel, with Grain reinvesting alongside to support the company’s next phase of growth.

Concurrently, Spectrotel will combine with AireSpring, a premier provider of global connectivity, managed services, and network infrastructure solutions, creating a scaled, differentiated managed network services platform with enhanced global reach and capabilities.

Grain originally invested in Spectrotel and partnered with management to transform the business into a leading provider of technology-enabled managed network services. Under Grain’s ownership, Spectrotel expanded its platform, enhanced its service capabilities, and strengthened its position in the distributed enterprise and mid-market segments.

“Grain has been a thoughtful and consistent partner in helping us evolve Spectrotel from an aggregator to a leading managed network service provider with a more scalable platform,” said Ross Artale, Chief Executive Officer of Spectrotel. “Their strategic perspective and long-term approach to value creation have enabled us to invest with confidence in our technology, our offerings, and our customer experience. As we enter this next chapter with Charlesbank and combine with AireSpring, we are well-positioned to build on that momentum and deliver even greater value to our customers and partners.”

“Spectrotel exemplifies our approach to building durable, high-performing platforms in areas of the market where deep sector expertise and disciplined execution matter most,” said Jenny Kashdan, Managing Director and Co-Head of U.S. Investments at Grain. “From the outset, we focused on strengthening the company’s capabilities, expanding its addressable market, and positioning the business for multiple paths to long-term value creation. This transaction reflects the strength of that foundation, and we are excited to continue supporting the platform alongside Charlesbank and the management team as it scales into its next phase of growth.”

The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed.

Moelis & Company LLC served as exclusive financial advisor to Spectrotel, Charlesbank, and Grain.  Gibson Dunn served as legal counsel to Spectrotel and Grain, while Latham & Watkins and Wilkinson Barker Knauer served as legal counsel to Charlesbank. Bank Street Group LLC served as exclusive financial advisor and Alston & Bird as legal counsel to AireSpring in connection with this transaction.

About Spectrotel
Spectrotel is redefining Managed Network Services by raising the service bar—advancing network management from reactive and proactive approaches to predictive and prescriptive strategies. Our technology-enabled, service-exceeding solutions leverage automation, AI-driven intelligence, and human expertise to reduce downtime, minimize service degradation, and strengthen communication platforms. From SD-WAN and SASE to cloud connectivity and advanced security, Spectrotel provides seamless, scalable, and fully managed solutions that empower businesses to focus on growth while we ensure their networks run with maximum performance and resilience.
For more information, visit www.spectrotel.com or follow us on LinkedIn.

About Grain Management
Founded in 2007, Grain Management is a leading global investment firm. We believe broadband and digital infrastructure are foundational to the tech-enabled transformation occurring across all industries and facets of society. Our global team of seasoned and diverse professionals share a collective passion for the power of connectivity to strengthen communities and unlock human potential for all.

We specialize in digital infrastructure and are a trusted solutions provider to the broadband and communications industry. Our unique combination of sector knowledge, experience as operators, and disciplined analytical approach guide our differentiated investment strategy across fiber networks, data centers, wireless spectrum, cell towers, as well as managed and infrastructure services.

About Airespring
AireSpring is a global managed network services provider delivering connectivity, networking, and security solutions to enterprises in more than 190 countries via contracts with more than 265 carriers and ISPs. Operating through a 100% channel-exclusive model, AireSpring provides a comprehensive portfolio including managed global connectivity, SD-WAN, SASE, enterprise mobility, and unified communications. Its AI-powered IT service management platform, AIreCONTROL, provides single pane of glass visibility, automation, and lifecycle management across complex, multi-vendor networks.

About Charlesbank
Founded in 1998, Charlesbank Capital Partners is a leading middle-market private investment firm with approximately $21 billion of assets under management as of 12/31/25. Drawing on nearly three decades of experience and sector insights, the firm takes a thematic approach to investing across its target sectors: business and consumer services, healthcare, industrials and technology & technology infrastructure. For more information, visit charlesbank.com.

Contact:
Grain Management Public Relations
PR@Graingp.com

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SOURCE Grain Management, LLC

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Function Now Connects to Meta’s Muse, Allowing Members to Bring Their Personal Health Data to the New AI Agent

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Members can securely bring their Function health data into Muse to better understand their health and personalize their AI experience.

AUSTIN, Texas, Sept. 8, 2026 /PRNewswire/ — Function today announced that members can securely connect their Function health data to Muse, Meta’s new personal AI agent. Muse joins ChatGPT, Claude, and Perplexity in Function’s growing network of AI connectors, giving members the ability to bring their personal health data into the AI experiences they choose to use.

Muse can use a member’s Function insights as personal context to help them understand their health, build and adapt plans around their goals, track progress, and follow through over time, while members remain in control of their data.

“Your AI should know your biology,” said Jonathan Swerdlin, CEO and Co-founder of Function. “By connecting Function health data to Muse, people can bring a living picture of their health into the AI platforms they use every day. We are entering a world where people understand their bodies in far greater detail and increasingly rely on AI to make decisions. Bringing those together makes AI dramatically more useful.”

How it works

Members authorize the connection from inside Meta, through the same account controls they already use to manage their account data. Once connected, Muse draws on their lab results and clinician-reviewed summaries to inform the goals and tasks a member brings to it.

Ask Muse how a lab result compares to a member’s optimal range before deciding whether to act on itHave Muse build or adjust a plan toward a health goal, using a member’s own Function insights as contextLet Muse flag when it’s time to schedule a member’s next Function lab visit, and follow up until it’s on the calendar

The Function health connector will roll out in the coming weeks. To learn more about Function or become a member, visit www.functionhealth.com.

About Function

Function is on a mission to enable everyone to live 100 healthy years. A groundbreaker in its category, Function has changed the game by making lab testing, MRI and CT, and longitudinal health data accessible, understandable, and actionable—serving millions. Function’s Medical Intelligence Lab™ (MI Lab™) is leveraging a dedicated clinical team to develop a continuous learning system that helps its members see, understand, and act on their biology over time. Members receive access to 160+ lab tests—including biannual testing—for just $365/year, equivalent to $1 per day, covering the heart, hormones, thyroid, liver, kidneys, heavy metal exposures, nutrient levels, inflammation, potential cancer signals, and more. Each member’s results are integrated into an intelligent, personalized interface designed to support powerfully informed decision-making. Function members can also access (for an additional cost) MRI and CT that are designed to see signs of cancer and hundreds of other conditions. Function believes everyone should have the power to own their health.

View original content to download multimedia:https://www.prnewswire.com/news-releases/function-now-connects-to-metas-muse-allowing-members-to-bring-their-personal-health-data-to-the-new-ai-agent-302872964.html

SOURCE Function Health

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Teletrac Navman Appoints Ricardo Buranello as CEO

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Alain Samaha to Continue Serving on Board of Directors

SYDNEY, Sept. 9, 2026 /PRNewswire/ — Teletrac Navman, a leading global provider of intelligent fleet and asset management solutions, today announced that it has named current Chief Financial and Operating Officer Ricardo Buranello as Teletrac Navman’s next Chief Executive Officer, effective October 1, 2026. Mr Buranello succeeds Alain Samaha, who will continue in the CEO role through September 30, 2026, to ensure a seamless transition. Mr Samaha will remain a member of Teletrac Navman’s Board of Directors and continue supporting the Company’s long-term vision and strategic planning.

Mr Buranello is a seasoned executive with more than two decades of international experience across telematics, IoT, and high-growth technology businesses. Having served as Chief Financial and Operating Officer since joining Teletrac Navman, he brings deep financial and operational expertise, a strong strategic orientation, and an intimate knowledge of the business that make him ideally suited to lead the Company into its next chapter. Mr Buranello previously held leadership roles at Telit Cinterion, Siemens and Totvs.

“This represents an ideal time for Teletrac’s next phase of leadership, and we’re confident that Ricardo is the right person for the job,” said Jonathan Olefson, Chairman of the Board at Teletrac Navman. “Ricardo is a proven, mission-oriented leader who understands our business from the inside out. We look forward to what he and the entire team will accomplish.”

“Alain helped transform Teletrac into a global leader in telematics and fleet management solutions. We are grateful for his vision, passion, and many contributions, and look forward to working with him on the Board,” continued Olefson.

Mr Samaha stated, “Leading Teletrac has been one of the great privileges of my professional life. I am proud of what we have done together, and I am equally excited about what lies ahead for Teletrac. Ricardo is the right leader for this moment. His strategic clarity and deep understanding of our business will serve Teletrac, our customers, and our employees well into the future.”

Mr Buranello added, “I am honoured by the trust the Board has placed in me and energised by the opportunities ahead. Our customers, employees, and partners can count on the same dedication to innovation, excellence, and delivering meaningful results that has been at the core of Teletrac since the beginning.”

Under Mr Buranello’s leadership, Teletrac Navman will continue advancing its cloud-based, AI-powered connected mobility platform while building on the growth, stability, and customer focus that have long defined the Company.

About Teletrac Navman

Teletrac Navman empowers the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. The company operates globally, with offices worldwide and headquarters in Northbrook, IL. For more information visit https://www.teletracnavman.com.au/.

About Respida

Respida is a software-focused private equity firm with decades of combined investing and operating experience. The firm partners with management teams at growth-oriented software and software-enabled companies, bringing hands-on operational rigor and financial discipline to drive growth and build durable market leaders. For more information, visit https://respida.com/.

View original content:https://www.prnewswire.com/apac/news-releases/teletrac-navman-appoints-ricardo-buranello-as-ceo-302872980.html

SOURCE Teletrac Navman

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Coda welcomes Bombay High Court judgment in its favor

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SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Coda welcomed the Bombay High Court’s judgment on 2 September 2026 allowing the appeal by Coda Payments India and setting aside the orders that had kept its bank accounts and payment accounts frozen.

The judgment is a significant and positive outcome for Coda. We have been clear and consistent in our position throughout the proceedings and welcome the Court’s decision.

Coda has cooperated fully with the relevant authorities and respects the legal process. We now look forward to the judgment being implemented expeditiously and in full.

Coda remains committed to meeting all applicable legal and regulatory requirements in every market in which it operates.

The Bombay High Court’s judgment relates to the freeze on Coda Payments India’s bank accounts and payment accounts. Other related proceedings remain ongoing.

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 670+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

Press Contact
Coda:
Liz Adam
VP, Corporate Affairs
liz.adam@coda.co 

View original content:https://www.prnewswire.com/apac/news-releases/coda-welcomes-bombay-high-court-judgment-in-its-favor-302872984.html

SOURCE Coda

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