SPX Technologies has completed the acquisition of Neptronic Inc. for approximately $430 million in cash, expanding its HVAC segment with Neptronic's engineered HVAC controls and thermal management products. Neptronic, based in Montreal, generates about $75 million in annual revenue and specializes in intelligent controls, electric duct heaters, humidifiers, actuators, and valves for critical applications like data centers and healthcare. This acquisition enhances SPX's product portfolio and global reach, aiming to accelerate growth by leveraging SPX's operational resources and sales channels while maintaining Neptronic's innovation culture. SPX will update its 2026 guidance on July 30, reflecting this acquisition's impact.
Multiverse Computing announced that its CompactifAI-compressed Llama 3.3 70B AI model now runs efficiently on Intel Xeon 6 processors, nearly doubling throughput and halving latency compared to the uncompressed version. This breakthrough reduces the ...
project44 introduced Mo, a conversational AI supply chain analyst integrated into its platform, designed to provide fast, accurate answers by analyzing customers' own shipment data and business rules. Mo leverages the world's largest real-time logist...
SINTX Technologies has engaged Southern Metrics Consulting, led by veteran MedTech executive Chris Lyons, to establish and manage a Strategic Opportunity Management Program. This program aims to systematically identify and evaluate growth opportuniti...
Tenable Holdings has partnered with Cisco by joining its SolutionsPlus program, enabling Cisco customers to transition smoothly from vulnerability management to Tenable's advanced exposure management platform, Tenable One. This platform uses AI-power...
GCM Grosvenor successfully closed its inaugural Credit Secondaries Fund, raising $1.2 billion in commitments. This fund leverages the firm's 40 years of credit investing experience and $17+ billion credit platform to invest in private credit secondar...
