SME

Leveraging A.I. for Retail Business Expected to Drive the Market Size to $38 Billion by 2029

Retrieved on: 
Wednesday, February 21, 2024

A recent report from Mordor Intelligence said that: “AI in retail is undergoing significant transformations with the integration of Retail AI.

Key Points: 
  • A recent report from Mordor Intelligence said that: “AI in retail is undergoing significant transformations with the integration of Retail AI.
  • Companies are leveraging Artificial Intelligence in Retail to enhance strategies, improve outcomes, and boost online customer engagement.
  • The use of AI Retail Technology is expected to surge, with investments in AI-Powered Retail analytics increasing.” It projected that the AI in Retail Business Market size is estimated at USD 9.65 billion in 2024, and is expected to reach USD 38.92 billion by 2029, growing at a CAGR of 32.17% during the forecast period (2024-2029).
  • The report added: “The sector is changing due to the introduction of artificial intelligence in retail.

ZCG and Fawaz Alhokair Announce Strategic Partnership and Direct Lending Joint Venture Focused on Investment Across Saudi Arabia

Retrieved on: 
Thursday, March 7, 2024

Z Capital Group (“ZCG”), a leading privately held merchant bank, and Zahrat Al Amaal Holding Company (“Fawaz Alhokair”), an investment entity founded by Fawaz Alhokair, today announced a direct lending joint venture focused on providing flexible capital solutions to high-growth small- and medium-sized enterprises (SMEs) in Saudi Arabia.

Key Points: 
  • Z Capital Group (“ZCG”), a leading privately held merchant bank, and Zahrat Al Amaal Holding Company (“Fawaz Alhokair”), an investment entity founded by Fawaz Alhokair, today announced a direct lending joint venture focused on providing flexible capital solutions to high-growth small- and medium-sized enterprises (SMEs) in Saudi Arabia.
  • View the full release here: https://www.businesswire.com/news/home/20240307398748/en/
    The strategic partnership, set to be operational by the end of 2024, will directly source and originate senior secured and asset-based loans, offering growth capital solutions and alternative financing opportunities to SMEs across industries throughout Saudi Arabia.
  • Additionally, the surge in the number of small- and medium-sized companies in recent years further enhances the potential throughout the region.
  • “We welcome our partnership with ZCG, one of the leading U.S. private equity firms with an over 25-year track record in private debt,” said Fawaz Abdulaziz Alhokair.

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
Wednesday, March 6, 2024

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We closed the year with a strong quarter delivering record high ROAE of 27% in real terms, even as we navigate a complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
  • The total NPL ratio was 1.2% in 4Q23 improving 230 and 50 bps from 3.5% in 4Q22 and 1.7% in 3Q23, respectively.

Cyber Defense Group Welcomes Former USC CISO Gus Anagnos as COO to Spearhead Hypergrowth Strategy

Retrieved on: 
Wednesday, March 6, 2024

Cyber Defense Group (CDG) , a leader in bespoke cybersecurity solutions for small and medium-sized enterprises (SMEs), today announced the appointment of Gus Anagnos as its new chief operating officer (COO).

Key Points: 
  • Cyber Defense Group (CDG) , a leader in bespoke cybersecurity solutions for small and medium-sized enterprises (SMEs), today announced the appointment of Gus Anagnos as its new chief operating officer (COO).
  • In his new role, Anagnos is tasked with driving CDG’s corporate strategy, optimizing delivery operations, and enhancing account management and customer success.
  • He will lead the charge on strategic decision making, business development, and innovation in cybersecurity service delivery.
  • Gus’ vision for growth aligns perfectly with our goals, and we are thrilled to have him on board.”

United Kingdom Legal Services Market Report 2024: Healthy Market Value Growth in 2023, Exports of Legal Services Pass £7 Billion for the First Time - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 6, 2024

The fourteenth annual edition of the report provides a unique detailed market review and analysis of the UK legal services market, including corporate law, conveyancing, family law, employment, personal injury and wills and probate.

Key Points: 
  • The fourteenth annual edition of the report provides a unique detailed market review and analysis of the UK legal services market, including corporate law, conveyancing, family law, employment, personal injury and wills and probate.
  • In 2023 the UK legal services market registered value growth of 8.3% at current prices reaching £47.5bn.
  • It has been high street law firms and SME law firms that have seen while the largest decrease in numbers.
  • Legal advice for business and commercial matters (including commercial property) is the largest specific market segment taking almost a 50% share of the total UK legal services market value.

Eden Exchange Revolutionises the Business Buying Market, Adding SugarCRM AI-Powered Sales Automation to its Deal-Making Platform

Retrieved on: 
Tuesday, March 5, 2024

Eden Exchange, Australia’s leading marketplace for buying and selling small and medium-sized enterprises (SMEs), is revolutionising the deal-making process through technology with SugarCRM , provider of the award-winning AI-driven sales automation platform.

Key Points: 
  • Eden Exchange, Australia’s leading marketplace for buying and selling small and medium-sized enterprises (SMEs), is revolutionising the deal-making process through technology with SugarCRM , provider of the award-winning AI-driven sales automation platform.
  • Its online ecosystem and extensive network with expertise in business sales enables successful transactions for more than 100,000 buyers, sellers, brokers, franchisors, and advisors.
  • Eden Exchange has integrated Sugar Sell within its DealXchange platform to surface relevant data and automate processes throughout the entire deal cycle for improved client experiences.
  • Read the case study for more information about how Eden Exchange is fueling business growth with Sugar.

Rotterdam Hosts European Startup Founders and Investors at Upstream to Drive Innovation for a Future Proof Economy

Retrieved on: 
Tuesday, March 5, 2024

Upstream is targeted to bring together over 2000 startup and scale-up founders, investors, innovative corporates and SMEs and policy makers to drive cooperation and innovation.

Key Points: 
  • Upstream is targeted to bring together over 2000 startup and scale-up founders, investors, innovative corporates and SMEs and policy makers to drive cooperation and innovation.
  • The festival welcomes national and International attendees from various European startup communities, including key hubs like London, to the Rotterdam metropolitan area, Europe’s best connected city .
  • Every aspect of The Netherlands’ most impactful annual startup festival is tailored to connect today’s changemakers who are driving innovation towards a digital, sustainable and inclusive future.
  • "The anniversary edition of Upstream highlights our ongoing commitment to supporting startups and scale-ups that drive sustainable growth.

Coupang Partners with the U.S. Department of Commerce to Co-host EMPOWER Asia Webinars to Promote U.S. Exports

Retrieved on: 
Tuesday, March 5, 2024

While special focus was placed on women-owned businesses, the sessions were open to all U.S. sellers and business owners.

Key Points: 
  • While special focus was placed on women-owned businesses, the sessions were open to all U.S. sellers and business owners.
  • In line with the Department’s strategic objective to support international economic cooperation, advancement of underrepresented communities, and U.S. exports, ITA’s EMPOWER Asia (Export Markets Providing Opportunities for Women’s Economic Rise in Asia) is focused on increasing the number of U.S. women-owned businesses that export to Asia by leveraging ITA’s expertise.
  • Coupang also answered live questions from attendees, covering a range of topics about how to do business and succeed on Coupang’s platform.
  • Through our platform, Coupang is uniquely positioned to accelerate increased U.S. exports to Asia and the other important objective we share with the Commerce Department to advance women-owned businesses and leadership.”
    1 Euromonitor International Retailing 2024, Consumer Foodservice 2024, and Travel 2024

CPAC Enhances Award-Winning I.T. Services With Cynet’s All-In-One Cybersecurity Solution

Retrieved on: 
Tuesday, March 5, 2024

CPAC will leverage Cynet’s all-in-one cybersecurity solution to rapidly unlock powerful advantages for current and future clients, including:

Key Points: 
  • CPAC will leverage Cynet’s all-in-one cybersecurity solution to rapidly unlock powerful advantages for current and future clients, including:
    Total visibility and protection: Cynet’s all-in-one solution unifies a full suite of security capabilities, including prevention, detection, correlation, investigation and response.
  • “Every member of the Cynet team is motivated by the positive impact we see partners like CPAC amplifying with Cynet’s all-in-one cybersecurity solution,” says Eyal Gruner, Co-Founder & CEO, Cynet.
  • By unifying a full security suite of capabilities on a single, easy-to-use solution, Cynet’s all-in-one cybersecurity solution generates savings for our partners to invest in their own business expansion.
  • Now, enabled by Cynet, CPAC clients are empowered to secure success with the same cutting-edge capabilities as multinational corporations with extensive I.T.

Eurofins E&E and ETS-Lindgren Complete Half-Million-Dollar Expansion to Silicon Valley EMC Testing Facility

Retrieved on: 
Thursday, February 29, 2024

This investment significantly enhances the chamber's testing capabilities, enabling manufacturers to meet international EMC compliance regulations.

Key Points: 
  • This investment significantly enhances the chamber's testing capabilities, enabling manufacturers to meet international EMC compliance regulations.
  • These developments ensure adherence to stringent international EMC standards to assist manufacturers to accelerate their time to market.
  • In 2024, Silicon Valley EMC Testing Facility laboratory upgrades will continue with the addition of Safety and Environment testing services, complimenting services offered in six other North American Eurofins MET laboratories.
  • Since its inception in 2008, the Eurofins MET Labs Santa Clara facility has been a leader in EMC and Wireless regulatory testing.