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NOW

ServiceNow (NYSE:NOW) has announced the acquisition of task mining company UltimateSuite to enhance process mining and intelligent automation on the Now Platform. This acquisition aims to help customers identify bottlenecks and improve operational efficiencies by integrating UltimateSuite's task mining technology, which provides actionable insights and automation opportunities. The financial terms of the deal were not disclosed, and the acquisition is expected to close in Q1 2024. UltimateSuite, founded in 2020 and headquartered in Prague, has received industry recognition and was part of Accenture's Start-Up Accelerator and the Microsoft Founders Hub.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:31 pm

MMC

Stoch Analytics Limited, a new private company in Ireland, has acquired the Atlas software suite from Oliver Wyman, a part of Marsh McLennan (NYSE:MMC). Chris Stiefeling, formerly of Oliver Wyman, is now CEO of Stoch Analytics. The Atlas platform is used by life insurance companies for various actuarial tasks and is well-positioned to meet new regulatory demands. Stoch Analytics plans to focus on developing and marketing stochastic modeling solutions for the life insurance industry.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:19 pm

AAPL

GOOG

GOOGL

Sergey Brin's negotiation strategy in 2007 was pivotal in maintaining Google as the default search engine on Apple devices. Newly revealed emails show Brin's insistence on holding firm against Apple's demands during negotiations. This decision has had long-term implications, as Google continues to pay billions to Apple to retain its default search engine status, with a reported $19 billion paid in 2021. The partnership has been lucrative for both companies, with Google accessing valuable users and Apple earning billions without additional effort.

Portfolio Pulse from Rounak Jain

December 18, 2023 | 1:18 pm

FRTX

Fresh Tracks Therapeutics has received a notice from Nasdaq that its common stock will be suspended from trading on the Nasdaq Capital Market starting December 19, 2023. The company is reconvening a special meeting of stockholders on December 27, 2023, to vote on a proposal for liquidation and dissolution. If the proposal is not approved, Fresh Tracks will seek judicial dissolution, which could be costly and reduce the cash available for distribution to stockholders.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:17 pm

MSS

Maison Solutions Inc. (NASDAQ:MSS) has responded to a short attack on its stock, which occurred on December 15, 2023, following a negative report by Hindenburg Research. The company claims the report contained inaccurate and misleading statements designed to benefit short sellers by causing a decline in stock price. Maison Solutions intends to take appropriate steps to protect its stakeholders and continue building the company.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:16 pm

ANET

COIN

NVDA

USB

Insiders at NVIDIA, U.S. Bancorp, Coinbase Global, and Arista Networks have recently sold shares. NVIDIA's Director sold shares worth $5.01 million, while acknowledging competition in the AI chip market. U.S. Bancorp's Vice Chair sold shares worth $1.02 million following a downgrade by Baird analyst. Coinbase Global's Director sold shares worth $1.26 million amidst a regulatory rejection, with the CFO also purchasing shares. Arista Networks' CEO sold shares worth $5.08 million, with the company announcing a new CFO.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 1:14 pm

CNSL

Consolidated Communications Holdings, Inc. (CNSL) has filed a definitive proxy statement and a letter to shareholders advocating for the approval of its acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation. The Board recommends the $4.70 per share offer, highlighting it as the best risk-adjusted outcome for shareholders, offering a significant cash premium over the past year's stock price. The transaction is presented as a solution to liquidity and competitive challenges, with the Board considering it the only viable option for the company's future. The special meeting for the vote is scheduled for January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:13 pm

AGYS

Black Rock Oceanfront Resort has selected Agilysys, Inc.'s hospitality software solutions to enhance guest experiences and manage various operations including residence rentals and spa services. Agilysys (NASDAQ:AGYS) will provide an intuitive cloud-based property management system, a direct-channel reservation system, a residence management service solution, and a spa operation management solution. These tools aim to improve guest engagement, operational efficiency, and sustainability, contributing to the resort's goal of becoming a zero-waste hotel.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:11 pm

ZIMV

ZimVie Inc. has agreed to sell its spine business to private equity firm H.I.G. Capital for $375 million. The deal is part of ZimVie's strategic shift to focus on its core businesses. The transaction is expected to provide ZimVie with additional capital to invest in growth opportunities and streamline its operations.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:02 pm

FCEL

XOM

ExxonMobil is collaborating with FuelCell Energy to construct a pilot plant utilizing carbonate fuel cell technology. This initiative is part of ExxonMobil's efforts to reduce carbon emissions and explore energy-efficient solutions.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 12:32 pm