Technology

GardaWorld Announces Pricing of US$200 Million Additional Senior Notes due 2032 and Receipt of Commitments to the Incremental Term Loans

Published

2 hours ago

July 2, 2026

MONTRÉAL, July 1, 2026 /CNW/ – Garda World Security Corporation (“GardaWorld” or the “Company”), an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management and cash automation solutions, announced today the pricing of the private offering (the “Offering”) of US$200 million aggregate principal amount of its 8.250% senior notes due 2032 (the “Notes”). The Offering is expected to close on or about July 6, 2026, subject to the completion of customary closing conditions. The Notes will rank pari passu with and form part of a single series with GardaWorld’s existing US$550 million aggregate principal amount of 8.250% senior notes due 2032 issued on July 25, 2024 (the “Initial Notes”). Concurrently with the Offering, the Company has received commitments to increase its US$2,338 million term loan due 2029 by an aggregate principal amount of approximately US$300 million (the “Incremental Term Loans” and, together with the Offering, the “Transactions”). The Offering is not conditioned on the completion of the Incremental Term Loans.

The Company intends to use the net proceeds from the Offering, together with the proceeds of the Incremental Term Loans and cash on hand (i) for general corporate purposes, including potential future acquisitions, and (ii) to pay fees and expenses related to the Transactions. Pending such uses, the Company will use such proceeds to repay outstanding amounts on its senior secured revolving credit facility.

“We benefited from strong investor demand, enabling a swift and efficient execution alongside highly attractive pricing. The Term Loan B was more than two times oversubscribed, while the bond offering saw demand of approximately three times, underscoring the market’s strong confidence in GardaWorld credit and its compelling investment proposition,” said Patrick Prince, Senior Vice President and Chief Financial Officer of GardaWorld.

The Offering will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act and pursuant to the prospectus exemption of section 12 of the Securities Act (Québec) for distribution of securities to persons established outside Québec, or outside the United States pursuant to Regulation S under the Securities Act and upon reliance on the accredited investor prospectus exemption in Canada. The Notes being offered will be fungible with, and trade under the same CUSIP/ISIN numbers as, the Initial Notes (except that the Notes offered pursuant Regulation S under the Securities Act will trade separately under a different CUSIP/ISIN number than the Initial Notes held through Regulation S under the Securities Act until at least 40 days after the issue date of the New Notes).

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes mentioned herein have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of securities in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or Canada without registration or an applicable exemption from registration requirements or an applicable exemption from the prospectus requirements of Canadian securities legislation.

About GardaWorld
GardaWorld is an entrepreneurial-driven corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, tailored security and technology solutions through high-touch partnerships and consistently superior service delivery. With a deep understanding that security is critical to the organizational resilience of business operations and the safety of communities, GardaWorld is committed to impeccable governance, professional care and the well-being of everyone. Thanks to a well-earned reputation, GardaWorld businesses are long-standing security partners of choice to some of the most prominent brands, influential individuals, Fortune 500 corporations and governments.

Forward-Looking Statements
Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the applicable securities laws. Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to GardaWorld’s future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as “may”; “will”; “should”; “expect”; “plan”; “anticipate”; “believe”; “intend”; “estimate”; “predict”; “potential”; “continue”; “foresee”, “ensure” or other similar expressions concerning matters that are not historical facts. In particular, statements regarding GardaWorld’s future operating results and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including the growth management, market competition, cost of financing, key personnel, government regulations, standard customer service contracts, insurance, strikes and other labor protest, supply chain disruptions, information technology system and cybersecurity breaches, operations outside Canada and the United States, cash in circulation and prevailing economic activity, currency fluctuations, credit risk, reputational risk and financial covenants risk, many of which are beyond GardaWorld’s control. While management considers these assumptions to be reasonable based on information currently available to GardaWorld, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what GardaWorld currently expects. The foregoing list of important factors is not exhaustive. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. GardaWorld will not update these statements unless applicable securities laws require GardaWorld to do so.

View original content:https://www.prnewswire.com/news-releases/gardaworld-announces-pricing-of-us200-million-additional-senior-notes-due-2032-and-receipt-of-commitments-to-the-incremental-term-loans-302816506.html

SOURCE Garda World Security Corporation

Technology

VEICHI Launches C&I Energy Storage and Microgrid Solutions

Published

22 minutes ago

July 2, 2026

SUZHOU, China, July 2, 2026 /PRNewswire/ — VEICHI (www.veichi.com), a global provider of industrial automation and renewable energy solutions, recently successfully unveiled its commercial and industrial (C&I) solar systems to help businesses mitigate power fluctuation risks and optimize energy costs as the global energy transition accelerates.

Leveraging its expertise in power electronics, electric drives, and industrial control, VEICHI has developed a comprehensive C&I energy storage portfolio covering hybrid inverter, off grid inverter, microgrid inverter and battery energy storage system (BESS).

Building a Complete Energy Ecosystem

“VEICHI’s latest C&I energy storage solutions represent an important milestone in our renewable energy strategy,” said Shylock Fan, Director of VEICHI Renewable Energy. “Building on our full-scenario experience in residential energy storage inverters, battery systems, and related applications, VEICHI has developed a complete energy ecosystem spanning smart homes, commercial facilities, and industrial applications. By integrating industrial automation capabilities with renewable energy technologies, VEICHI is committed to delivering reliable, end-to-end green energy solutions for partners worldwide.”

Introducing the C&I Microgrid Energy Storage Solution

At the core of VEICHI’s next-generation C&I hybrid inverter and microgrid solution is the VPS Hybrid Inverter, engineered to deliver higher power density, greater system flexibility, and enhanced reliability for demanding commercial and industrial environments. The product supports both grid-connected and off-grid operation modes, as well as multi-unit parallel expansion.

Industrial-Grade Stability and Impact-Resistant Design: Engineered for complex industrial loads, the VPS Series provides strong impact resistance for inductive-load applications. It supports bypass-based maintenance without system shutdown and incorporates robust hardware protection to ensure stable performance in harsh operating environments.

Seamless Switching and Microgrid Support: Equipped with highly integrated Static Transfer Switch (STS) technology, the system enables seamless millisecond-level switching during grid outages. With a built-in isolation transformer, it provides stable voltage support during independent microgrid operation and three-phase imbalance conditions, helping users address grid fluctuations and maintain operational continuity.

Efficient Energy Management and Intelligent Dispatch: An advanced DC-coupled design increases PV utilization by up to 2%. The system integrates anti-backflow control, grid-forming capability, Virtual Synchronous Generator (VSG) and black-start capabilities, together with a built-in Energy Management System (EMS) for intelligent energy dispatch. This helps maximize solar self-consumption, reduce diesel generator starts, and improve overall energy utilization efficiency.

From Core Technologies to Global Applications

VEICHI’s new energy solutions have been deployed across key markets including Southeast Asia, South Asia, the Middle East, Central Asia, and Africa. Its products have been showcased at international power and energy exhibitions in countries including the Philippines, Thailand, Vietnam, Myanmar, Pakistan, Iraq, Lebanon, Saudi Arabia, Türkiye, Uzbekistan, Egypt, and Nigeria, with expansion into surrounding markets and regions.

Drawing on decades of expertise in electric drives and industrial automation technologies, VEICHI applies stringent manufacturing and quality control standards throughout the product lifecycle. Looking ahead, the company will continue to expand localized technical support and service capabilities in overseas markets, providing faster response and professional end-to-end solutions to help customers accelerate clean energy adoption, improve operational continuity, and achieve long-term sustainability goals.

About VEICHI

VEICHI Electric (stock code: 688698) has long been committed to industrial automation and renewable energy technologies. With industrial automation as its foundation and green energy as a strategic growth focus, the company provides comprehensive solutions covering solar water pump systems, off-grid inverters, hybrid inverters, residential solar systems, industrial-grade BESS systems and hydrogen production. Through continuous innovation, VEICHI (www.veichi.com) is dedicated to advancing the efficient generation, storage, and management of renewable energy worldwide.

For more details, please visit the official website at www.veichienergy.com

Follow on social media:
Facebook: www.facebook.com/VEICHIESS
LinkedIn: www.linkedin.com/company/veichi-ess
Instagram: www.instagram.com/veichielectric
YouTube: www.youtube.com/@VeichiElectric

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/veichi-launches-ci-energy-storage-and-microgrid-solutions-302815657.html

SOURCE VEICHI

Technology

Motorola razr fold ushers in a bold new era of foldables

Published

22 minutes ago

July 2, 2026

Motorola’s first book-style foldable leads its most advanced lineup yet, joined by the razr 70 ultra and the Swarovski®-adorned motorola signature, crafted for performance, creativity, and style.

SYDNEY, July 2, 2026 /PRNewswire/ — Mobile communications leader Motorola today announced the Australian launch of a new era of mobile design, headlined by the motorola razr fold, Motorola’s first book-style foldable smartphone. Joining it is the motorola razr 70 ultra and the newest additions to the Brilliant Collection – the motorola signature and moto buds 2 plus with crystals by Swarovski® in PANTONE Violet Indigo.

Together, these launches mark a significant milestone for Motorola in Australia. The motorola razr fold redefines productivity and play, marking a new era for razr and foldables. It delivers an industry-leading rear camera system awarded the DXOMARK Gold Label for imaging excellence[1], versatile multi-tasking with expansive dual displays and one of the largest batteries available in any foldable on the market[2].

The motorola razr 70 ultra boasts powerhouse performance, a pro-grade triple 50MP camera system[6] with AI-powered features, long-lasting battery and a full access external display. Completing the lineup, the motorola signature and moto buds 2 plus make their debut in PANTONE Violet Indigo, finished with Swarovski crystals, as the latest expression of Motorola’s Brilliant Collection.

Praveena Raman, Head of Motorola ANZ, said: “The motorola razr fold is a landmark moment for Motorola in Australia. We are fulfilling a growing consumer need for a device that goes beyond communication and truly keeps pace with every part of modern life. Beyond being our first book-style foldable smartphone, it’s a device that genuinely adapts to how people live, work and create, setting a new standard for what a foldable can do.”

“With the motorola razr 70 ultra, we continue to push the boundaries of what a flip phone can be, delivering flagship performance in a refined, compact form. We’re also expanding our commitment to premium craftsmanship with our Brilliant Collection series, introducing editions of the motorola signature and moto buds 2 plus with crystals by Swarovski, reinforcing our belief that technology should do more than just perform; it should be a tool of self-expression.”

Introducing the motorola razr fold: The gold standard in foldable photography

Motorola has long been known for rethinking the traditional smartphone experience, from pioneering the iconic razr flip phone to redefining the foldable category. Now with the introduction of its first-ever book-style foldable smartphone, the motorola razr fold, Motorola is effortlessly bridging work and play in one elegant, meticulously designed package.

With an adaptive, book-style design, the motorola razr fold delivers a powerful productivity experience without compromising on mobility. It features a strikingly slim 6.6″ external display that transforms into a spacious 8.1″ 2K LTPO canvas when unfolded. It’s built for productivity, creativity and next-level entertainment. Showcasing the brightest interior display of any foldable, it offers a truly immersive experience for whatever you create or consume. Plus, it’s the only foldable with Sound by Bose technology, delivering a premium audio experience to match its impressive visuals.

The motorola razr fold also sets a new standard for mobile photography as the #1 foldable camera system on DXOMARK, the global gold standard for imaging excellence[1]. At its core is a 50MP Sony LYTIA™ 828 main sensor with Pantone® Validated colour[13], delivering stunning clarity and true-to-life images alongside cinematic Dolby Vision® video recording in up to 8K. A 50MP periscope telephoto lens offers up to 100x Super Zoom Pro, while a 50MP ultrawide lens[9] with Macro Vision captures expansive scenes and extreme close-ups with equal precision. Equipped with a 32MP internal selfie camera and a 20MP external selfie camera, the motorola razr fold stands apart, offering two high-quality selfie experiences across its displays.

Further elevating the offering is a 6000mAh battery, one of the largest available in a foldable, paired with blazing-fast 80W TurboPower™ charging that delivers over 43 hours of power[2,7,8]. Purposefully designed, the motorola razr fold is backed by a precision-engineered stainless steel hinge and Corning® Gorilla® Glass Ceramic 3[5], making it as resilient as it is capable, built to keep pace with modern life without missing a beat.

Powered by the Snapdragon® 8 Gen 5 Mobile Platform, it delivers ultra-smooth performance that supercharges AI, boosting performance, camera quality, and efficiency all at once. It reimagines what productivity looks like , giving users the freedom to choose from multiple smart assistants such as Google Gemini[9], moto ai[3] and Perplexity AI, allowing full access to the world’s leading AI platforms in one device. And to maximise multitasking on-the-go, the motorola razr fold is made compatible with the ultra-fine tip moto pen ultra[4], so users can take notes, sketch and annotate directly on the expansive display, bringing inspirations to life on a bigger screen. With up to seven AndroidTM OS upgrades and up to seven years of security updates[20], motorola razr fold users will get to enjoy all this powerhouse performance for years to come.

The most powerful razr ever: The motorola razr 70 ultra

The motorola razr 70 ultra is the most powerful razr ever[18] made, powered by the Snapdragon® 8 Elite Mobile Platform to deliver flagship performance, faster speeds, and advanced on-device AI experiences. Driven by the custom-built 3rd gen Qualcomm® Oryon CPU and advanced Qualcomm® Adreno GPU, this device maximises performance and efficiency across every task, making it the choice for those who refuse to compromise on capability.

At the heart of the motorola razr 70 ultra is a triple 50MP camera system, and the first flip phone to feature a LOFIC sensor, capturing up to 6x more dynamic range[12] for more natural, true-to-life images in any lighting condition. Whether shooting expansive landscapes with the 50MP ultrawide lens[6], close-up detail with Macro Vision, or selfies on the 50MP internal camera, the motorola razr 70 ultra delivers a consistently polished result from every angle. Its Flex View position transforms the device into an on-the-go tripod for hands-free shooting, while new AI-powered camera features including Camcorder Rotate to Zoom, Group Shot[14] and Signature Style, give users even greater creative control with every shot.

Despite its slim and compact form, the motorola razr 70 ultra is built for all-day endurance. Its silicon-carbon 5000mAh battery[7,19] paired with 68W TurboPower™ charging delivers over 36 hours of battery life, with a full day of power achievable in just eight minutes[10,11,15]. The 4.0″ external display adds another layer of practicality, offering full app access, live notifications and seamless interactions, all without needing to flip open the device.

Crafted with elegance and durability in mind, the motorola razr 70 ultra features a refined titanium-reinforced hinge[17] and Corning® Gorilla® Glass Ceramic on the external display, delivering 10x better drop performance[16] and finished in a vivid PANTONE Orient Blue colour with a finely-embossed Alcantara® texture, for a touch of fun.

A constellation of luxury and innovation: motorola signature and moto buds 2 plus with Swarovski crystals

Expanding Motorola’s Brilliant Collection is an exclusive lineup that brings together modern luxury and cutting-edge design, built on the brand’s deepening partnerships with Swarovski and Pantone. Inspired by the natural radiance of constellations, the new additions elevate texture, colour and craftsmanship to deliver a truly premium experience.

The ultra-premium motorola signature will come in Swarovski crystals arranged in a striking 3D-quilted pattern, finished in the elegant PANTONE Violet Indigo. Complementing it is the moto buds 2 plus with Sound by Bose, also adorned with Swarovski crystals and finished in the same PANTONE colourway, creating a cohesive, sophisticated pairing for those who want their technology to reflect their personal style. Together, these two devices turn technology into jewelry, representing Motorola’s commitment to pushing the boundaries of what premium technology can look and feel like.

Availability:

motorola razr fold in PANTONE Blackened Blue and PANTONE Lily White is available for pre-order at RRP $ 2,799 from today until 15 July at JB Hi-Fi and Harvey Norman, with Telstra pre-order commencing 7 Julymotorola razr 70 ultra in PANTONE Orient Blue is available for pre-order at RRP $ 1,999 from today until 15 July at JB Hi-Fi and Harvey Normanmotorola signature and moto buds 2 plus Swarovski edition in PANTONE Violet Indigo will be available exclusively to Telstra at RRP $1,799 from 7 July

Availability and promotional offers may vary across retailers, with a range of launch offers available. Check with your preferred retailer for full details.

Follow Motorola Australia on Facebook, Instagram and TikTok.  

For full pricing information and specifications, visit motorola.com.au for further information or review devices.

Legal Disclaimers

[General Moto legal language]

Certain features, services and applications are network dependent and may not be available in all areas; additional terms, conditions and/or charges may apply. Contact your service provider for details. Use of this device is subject to the terms of your wireless service plan. This product meets applicable Radio Frequency Emission Exposure Guidelines. Accessories individually labeled.

MOTOROLA, the Stylized M Logo, MOTO and the MOTO family of marks are trademarks of Motorola Trademark Holdings, LLC. All other trademarks are the property of their respective owners. © 2026 Motorola Mobility LLC.

motorola razr fold is designed and manufactured by/for Motorola Mobility LLC, a wholly owned subsidiary of Lenovo.

+[TRADEMARKS: When these technologies are mentioned in copy:]

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Dolby, Dolby Vision, Dolby Atmos, and the double-D symbol are registered trademarks of Dolby Laboratories Licensing Corporation. Manufactured under license from Dolby Laboratories.

Corning and Gorilla are registered trademarks of Corning Incorporated.

Bose and Sound by Bose are trademarks of Bose Corporation.

The product is conformed to “Hi-Res Audio Logo” standard defined by Japan Audio Society. The Logo is used under license from Japan Audio Society.

Wi-Fi is a trademark of Wi-Fi Alliance.

BLUETOOTH is a trademark of Bluetooth Special Interest Group (SIG).

USB Type-C® and USB-C® are registered trademarks of USB Implementers Forum.

Android is a trademark of Google LLC.

Google and Google Gemini are trademarks of Google LLC.

ThinkShield is a trademark of Lenovo.

“LYTIA” is a registered trademark or trademark of Sony Group Corporation.

The Pantone colour reference and the PANTONE Chip Design are used with the permission of Pantone LLC. © Pantone LLC, 2026. All rights reserved. This is an authorised Pantone-licensed product manufactured by Motorola.

[1] DXOMARK Gold Label

According to DXOMARK’s March 2026 smartphone testing report and rankings; results reflect only devices tested. Available at https://www.dxomark.com/motorola-razr-fold-camera-test/

[2] One of the largest batteries among foldables

India: Based on “foldable” smartphones available in India as of March 2026.

LATAM: Based on “foldable” smartphones available in LATAM countries as of March 2026.

EMEA: Based on “foldable” smartphones available in EMEA countries as of March 2026.

NA: Based on “foldable” smartphones available in NA countries as of March 2026.

[3] moto ai

Motorola Account login is required to access moto ai features. An internet or cellular connection is needed for functionality. The following languages are supported: English, Spanish, Portuguese. Moto ai requires 5G or stable network connectivity to function properly. Availability and performance of these features may vary depending on your network provider, location, and plan. Access to 5G services may require a compatible device and plan, and network performance may be impacted by factors beyond Motorola’s control. Please consult with your carrier for more information on 5G availability and connectivity requirements.

[4] moto pen ultra

moto pen ultra sold separately

[5] Corning® Gorilla® Glass Ceramic 3
When integrated into Motorola devices, Corning® Gorilla® Glass Ceramic 3 delivered over 75% improved drop performance compared to first-generation Gorilla® Glass Ceramic, results based on Motorola internal comparative testing. Actual performance may vary.

[6] 50MP Ultrawide lens

50MP ultrawide sensor combines 4 pixels into 1, for an effective photo resolution of 12.5MP.

[7] Battery specific use case

All battery life claims are approximate and based on the median user tested across a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors, including signal strength, network and device settings, temperature, battery condition, and usage patterns.

[8] TurboPower™ 80W Charging

Maximum 80W TurboPower™ charging speed on device; requires Motorola TurboPower™ 80W Charger or higher (sold separately). Higher wattage chargers will not increase maximum charge capability. Median users can get up to 12+ hours of battery life in under 10 minutes of charge. Battery must be substantially depleted; charge boost must be “on.” Charging rate slows as charging progresses. Battery life and charging speed claims are based on internal testing under BSP conditions. Actual performance will vary based on usage, network conditions and other factors.

[9] Gemini

Gemini is a trademark of Google LLC. Gemini mobile app available on select

devices, languages, and countries. Internet connection required. Check responses for accuracy.

[10] Largest battery on a flip.

As compared against other premium flip smartphones available in North America as of April 2026. All battery life claims are approximate and based on the median user tested across a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors including signal strength, network and device settings, temperature, battery condition, and usage patterns.

[11] Power for the day in 8 minutes

Median users can get up to 12 hours of battery life in about 8 min of charge. Tested under controlled laboratory conditions. Actual charging speed will vary based on temperature, device settings and other factors. Battery must be substantially depleted; charging rate slows as charging progresses. Charger sold separately. Charge using Motorola TurboPower™ 68W charger or higher (sold separately). Higher chargers will not increase maximum 68W charge capability. Use of other chargers not recommended and may impair charging performance.

[12] 6x more dynamic range

Data comes from motorola labs, and is a comparison with motorola razr 60 ultra / razr ultra – 2025. Actual performance may vary depending on usage conditions.

[13] Pantone validated display and camera

PANTONE Colors generated may not match PANTONE-identified standards. Consult current PANTONE Publications for accurate color. PANTONE and other Pantone trademarks are the property of Pantone LLC. © Pantone LLC, 2026.

[14] Group Shot

Group Shot can recognise up to 10 faces/people in the same frame

[15] 36 hours of battery life

All battery life claims are approximate and based on the median user tested across a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors including signal strength, network and device settings, temperature, battery condition, and usage patterns.

[16] Corning® Gorilla™ Glass Ceramic- 10X better drop performance

Survived at least 10 repeated drops from 1M on surfaces replicating asphalt compared to an alternative aluminosilicate glass which failed on the first drop. Results are based on Corning’s lab tests; actual results may vary.

[17] Titanium-reinforced hinge- 4X stronger

Comparison made between the Yield strength of 900 MPa of titanium plate used in device hinge compared to Yield strength of 200 MPa of the 316L surgical-grade stainless steel

[18] Most powerful razr

Based on internal testing using the AnTuTu Benchmark score, in comparison with previously launched RAZR devices.

[19] 5000mAh battery

The typical capacity is 5000mAh. Typical value is the estimated average capacity of a batch of batteries based on internal testing, representing the expected performance under normal conditions. Rated capacity is 4800mAh. Rated capacity is the minimum guaranteed capacity of a battery under controlled conditions.

[20] OS upgrades

Includes 7 OS updates and up to 7 years of security updates starting from the global launch date. Availability and timing of Android OS upgrades and security updates may vary by market, network provider and/or model. Schedule, timing, and content are periodically reviewed and subject to change.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/motorola-razr-fold-ushers-in-a-bold-new-era-of-foldables-302816608.html

SOURCE Motorola

Technology

TripGain Launches AI Spend Copilot to Help Enterprises Turn Expense Data into Real-Time Decisions

Published

22 minutes ago

July 2, 2026

New conversational AI capability helps finance, travel, and business teams get instant answers on budgets, policy leakage, cost-center performance, vendor spend, and savings opportunities.

BENGALURU, India, July 2, 2026 /PRNewswire/ — TripGain, a fast-growing AI-powered travel and expense management platform, recently launched AI Spend Copilot, a conversational intelligence layer designed to help enterprises get faster answers from their travel and expense data.

The new capability enables finance, travel, and business teams to ask natural-language questions about budget utilization, policy leakage, cost-center performance, vendor spend, and savings opportunities – without depending on static dashboards, manual reports, or multiple disconnected systems.

The launch comes as enterprises increasingly look beyond workflow automation towards AI-led decision support. According to TripGain’s recent study, The State of Business Travel in India 2026, nearly seven in ten finance and travel leaders said spend visibility remains a challenge despite continued investment in digital tools.

Built as an AI assistant for finance and business teams, TripGain Spend Copilot allows organizations to interact with spend data conversationally and receive contextual, actionable insights in real time. Users can ask questions such as which cost centers are exceeding budgets, where policy leakage is happening, which vendors are driving higher spend, or where savings opportunities exist across travel and expense categories.

By turning complex analysis into simple prompts, Spend Copilot helps enterprises reduce dependency on manual reporting, improve governance, identify cost-control opportunities, and make faster business decisions.

Spend Copilot builds on TripGain’s broader AI strategy following the launch of TripGain Travel Copilot at Phocuswright 2025. While Travel Copilot brought conversational AI into corporate travel booking and trip creation, Spend Copilot extends that intelligence layer into expense management, approvals, compliance, and enterprise spend visibility.

More than 10% of TripGain’s customers use Travel Copilot today, reflecting growing enterprise adoption of conversational interfaces in business travel. With Spend Copilot, TripGain is now expanding the same AI-first experience across the full travel and expense management lifecycle.

“The next wave of enterprise AI will not be defined by more dashboards. It will be defined by how quickly people can get the right answer and act on it. Finance and travel teams sit on a large amount of spend data, but too much of it remains trapped inside reports, workflows, and disconnected systems. Spend Copilot is our attempt to change that by making enterprise spend intelligence conversational, contextual, and actionable,” said Ranga Prasad Badasheshi, Co-founder, TripGain.

Early customer deployments suggest that AI-driven spend intelligence can transform finance operations by significantly reducing reconciliation cycles, giving teams faster access to actionable spend insights.

“What previously required days of manual effort across data extraction, reconciliation, and reporting can now be accomplished in minutes. This has improved turnaround times, reduced operational overhead, and given our finance team faster access to the insights needed to support business decisions,” said Shalini Francis, Senior Lead Corporate Travel Specialist, Vee Healthtek.

As enterprises seek greater visibility, compliance, and operational efficiency, TripGain continues to expand its AI portfolio to deliver a more connected approach to travel and spend management. The company’s AI roadmap focuses on helping organizations move from fragmented workflows and retrospective reporting to real-time decision intelligence across travel, expenses, approvals, and enterprise spend.

Over the last one year, TripGain has recorded strong growth across customers, transaction volumes, and platform usage. The company has more than doubled its annual travel transactions, and processes over two million expense claims annually. It has also added leading enterprises including Marlabs, Phillips Machine Tools, Ozonetel, Swades Foundation, and Indus Valley Partners, further strengthening its presence across industries.

TripGain will showcase its latest AI innovations at the GBTA Convention 2026 from August 3-5 in Chicago, where global business travel and expense leaders will convene to explore emerging trends and the future of corporate travel and spend management.

About TripGain

TripGain is an AI-powered travel and expense management platform helping enterprises simplify corporate travel, expense management, and spend visibility through intelligent automation. With four offices globally, TripGain serves more than 400 customers and over 400,000 employees across industries. By combining travel, expenses, and AI-driven experiences on a unified platform, TripGain helps organizations improve compliance, control costs, and enhance employee experience. The company was recently recognized among the Happiest Places to Work, reflecting its continued investment in talent, culture, and long-term growth.

Contact Details: Disha Chatterjee | Senior Content Marketer, TripGain | Email: disha@tripgain.com

Photo: https://mma.prnewswire.com/media/3003061/Business_Travel_Expense_Data_TripGain.jpg
Logo: https://mma.prnewswire.com/media/3003060/TripGain_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/tripgain-launches-ai-spend-copilot-to-help-enterprises-turn-expense-data-into-real-time-decisions-302816008.html