Computacenter PLC, a UK-based technology services provider, is acquiring Government Acquisitions Inc (GAI), a US federal government IT reseller, for up to $92 million. The acquisition, expected to close on June 1, marks Computacenter's entry into the US federal sector and is anticipated to be immediately earnings accretive. GAI, based in Cincinnati with 90 employees, reported $390 million in gross invoiced income and $8 million adjusted EBITDA in 2025. The deal includes an initial $63 million cash payment and up to $29 million in performance-based payments through 2027, with GAI continuing to operate as a specialist unit within Computacenter's North American operations.
Shares of Genius Group surged 83.72% in after-hours trading following the announcement of its new AGI Infinity Portfolio, targeting up to $100 million in investments in AI, robotics, and space companies. The portfolio includes stakes in notable pre-I...
Pennsylvania has filed a lawsuit against Character Technologies, the maker of Character.AI, seeking an injunction to stop its AI chatbot from falsely claiming to be a licensed psychiatrist. The AI persona named Emilie claimed to have medical credenti...
ASPEED Technology and Lattice Semiconductor have partnered to create the AST1840 Satellite Management Controller, integrating FPGA technology into server management. This new device combines platform management with programmable control, allowing dat...
Kraken has introduced Bitcoin Vault, a new product allowing Bitcoin holders to earn up to 2.5% annual returns by channeling BTC deposits into DeFi lending platforms like Aave, Morpho, and Tydro through a wrapped token called kBTC. This non-custodial ...
Sintana Energy has closed an $11.5 million equity raise to support drilling the Chevron-operated Nabba-1 exploration well and expand its interests in the Walvis Basin and Angolan Kwanza basin. The funds will also back a significant operational progra...
