AI leadership development platform Praxis Labs sells to Torch

AI leadership development platform Praxis Labs sells to Torch

Praxis Labs, a learning development platform, announced its acquisition on Thursday for an undisclosed amount by the leadership and coaching enterprise Torch.  “As a small company with fewer than 20 people serving companies as large as Amazon, we knew we needed to build powerful partnerships, across product and go-to-market, to reach more companies,” co-founder and…

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Salesforce acquires Informatica for  billion

Salesforce acquires Informatica for $8 billion

Salesforce has acquired cloud data management firm Informatica in an $8 billion equity deal, marking a major move in its push to strengthen its AI and data infrastructure capabilities. The announcement, made Tuesday, comes about a year after early rumors of the acquisition sent both companies’ stock prices sliding. At the time, Informatica denied it…

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#Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

#Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…

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#Tabloids National Enquirer, Globe, National Examiner to Be Sold to Joint Venture

#Tabloids National Enquirer, Globe, National Examiner to Be Sold to Joint Venture

Tabloids National Enquirer, Globe, National Examiner to Be Sold to Joint Venture Tabloids The National Enquirer, the Globe and the National Examiner are set to get new owners. VVIP Ventures, a joint venture between digital media and content technologies holding company Vinco Ventures and Icon Publishing, has struck an asset purchase agreement with magazine publisher…

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