Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal.
The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms.
Founded in 1997, PowerSchool is a web-based platform that helps educational institutions manage areas of their operations such as enrollment, grades, attendance, and communication with parents and students.
The company went public on the New York Stock Exchange (NYSE) in 2021, after previously been acquired by private equity firms Onex and Vista.
Have you ever needed a copy of your medical imaging to take to your doctor or another healthcare provider and received the images on a CD?
Many radiologists still use this ancient format to transfer patients’ imaging files.
A startup called PocketHealth has built an medical image exchange platform to digitize the process for every patient and healthcare provider, making it more intelligent and personalized, no CDs involved.
PocketHealth isn’t the only company offering medical imaging sharing for patients in the MedTech space.
Ambra Health, based in New York, offers solutions for medical image sharing, and EnvoyAI, based in Massachusetts, develops a medical imaging AI marketplace.
The third-party application provider license will enable Paytm to offer payments through the UPI network even as Paytm’s parent firm One97 Communications’ banking unit — Payment Payments Bank — is scheduled to cease operations on Friday.
The Reserve Bank of India ordered Paytm in late January to cease operations at Paytm Payments Bank, an affiliate of the financial services firm that processed majority of its transactions.
The move created shockwaves through the industry, and also meant that Paytm needed to secure the third-party application provider license to continue many of the Paytm app’s operations.
Axis, HDFC, State Bank of India and Yes Bank will serve as payment system provider to the Paytm app, NPCI said Thursday.
The RBI had advised NPCI to swiftly issue the third-party application provider license, or TPAP, to Paytm to help mitigate disruptions for its customers.
The company has crafted an interesting distribution strategy for travel eSIM cards and simplified the experience as eSIM remains a confusing technology for most people.
Thanks to eSIM, the experience is much better — or at least on paper because the eSIM industry is a bit confusing.
For instance, if you’re traveling to Argentina, you might search for the best option for a travel eSIM before heading to the airport.
Kolet’s first travel partners are professional travel agency Resaneo and air ticket booking platform Ulysse.
It has also asked some travel industry experts to become advisors for the startup.
According to PitchBook data, VC investments in crypto companies are down by 68% in 2023 compared to 2022.
But that’s a small number compared to 2022, the year during which crypto companies raised $30 billion.
French crypto startup Kiln just closed a $17 million funding round in December 2023.
As a reminder, staking consists in locking crypto assets in a blockchain to secure a blockchain and its transactions.
Several proof-of-stake blockchains let its users stake crypto assets, such as Polygon, Solana and Avalanche.
Aside from a brief on-again-off-again thing with Nokia, Withings has been quietly establishing itself as a home health powerhouse in recent years.
The “multiscope,” as the company has deemed it, is designed to give patients easy access to vitals during teleconference health calls.
It’s kind of a supercharged digital thermometer that also serves as an electrocardiogram, oximeter and stethoscope, giving your healthcare provider more insight into what’s going on with you in real time.
“While convenient and cost-effective, remote visits lacked the ability for health professionals to carry out the routine checks they perform in person.
That audio can also be sent to the healthcare provider via an app.
In Orbit Aerospace wants to be the third party logistics provider for science and industryTwo year old space startup In Orbit Aerospace wants to be the third party logistics provider for Earth to space commerce – and to get there, the company just closed a new agreement to validate key technical capabilities on the International Space Station.
The El Segundo, California-based company is developing orbital platforms and re-entry vehicles to enable mass manufacturing and research in space.
“Automation and robotics is the backbone of industrial manufacturing on Earth,” CEO Ryan Elliott said in a statement.
On a slightly longer scale, In Orbit is aiming to launch a second mission in 2026 and then partner with a spacecraft provider to host a manufacturing lab on orbit.
In Orbit is expecting that its core customers will be manufacturers, who will want to outsource on orbit hosting.
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