BOSTON 
(BUSINESS WIRE)--Xceedance, a global provider of technology-driven business solutions for the insurance industry, has received a growth investment from Portage Capital Solutions, a leading investor focused on the financial technology market, in exchange for a minority equity stake. With this investment, the total capital raised by the company, across equity and debt, now stands at approximately $100 million.

This milestone marks the company’s first institutional equity financing since its founding in 2013, underscoring its position as one of the most disruptive players in the insurance services sector. The capital will be used to fuel Xceedance’s expanding portfolio of AI-enabled solutions and fund the accretive acquisition of insurance-focused service providers.

“Since inception, Xceedance has enjoyed exceptional, bootstrapped growth, scaling rapidly through profit reinvestment and the prudent use of debt. This investment not onl ... Read more »

CONSHOHOCKEN, Pa.
Proven SaaS and enterprise leader joins Boomi to drive global go-to-market strategy and accelerate customer-centric growth across the Boomi Enterprise Platform

(BUSINESS WIRE)--Boomi™, the leader in AI-driven automation, today announced the appointment of Diane Fanelli as Chief Revenue Officer. Fanelli will lead Boomi’s worldwide revenue organization, responsible for strengthening customer partnerships, advancing global go-to-market strategies, and driving sales excellence as Boomi continues its rapid growth. She will report to Boomi’s Chairman and CEO, Steve Lucas.

With over 30 years of global leadership experience, Fanelli has driven revenue growth, customer success, and innovation across some of the world’s most influential technology companies. She held executive leadership roles at Citrix and spent more than two decades at SAP, where she spearheaded global go-to-market strategies, built high-performing teams across ... Read more »

Klay Group, a boutique financial services firm providing Wealth Management, Multi-Family Office, Asset Management and Corporate Advisory services to ultra-high-net-worth families and institutions, is pleased to announce the appointment of Srajan Gupta as Director, MFO (Multi-Family Office) in Dubai. In this role, Srajan Gupta will report to Achal Aroura, Head of MFO and will focus on strengthening Klay Capital’s multi-family office platform, supporting ultra-high-net-worth families with bespoke investment, governance, and succession planning solutions.

Srajan Gupta joins Klay Group from Barclays Bank PLC, Singapore, where he spent five years on the Macro Sales desk covering international real money accounts, hedge funds, corporates, and central banks across Asia-Pacific. As Associate III, he built strong client relationships with leading institutions including super funds, infrastructure funds, and global financial institutions, driving consistent revenue growth and de ... Read more »

CLEVELAND
Innovative design leverages Eaton power management technologies to protect and support the high-density computing needs of AI data centers
New reference architecture will help future-proof AI factories to meet growing energy demands of AI infrastructure
(BUSINESS WIRE) -- Intelligent power management company Eaton today announced the delivery of a new reference architecture designed to accelerate the adoption of 800 VDC power in artificial intelligence (AI) data centers. Eaton’s new design, built in support of the 800 VDC architecture announced by NVIDIA, leverages Eaton’s innovative power management technology to protect and optimize high-density computing infrastructure and serves as a critical milestone in Eaton’s grid-to-chip strategy for meeting the increasing energy demands of AI data centers.

Data center energy load growth, driven by increasingly demanding AI workloads, continues to expand beyond the limits of existing dat ... Read more »

SAN JOSE, Calif. - Monday, 13. October 2025

Company is collaborating with NVIDIA on 800 VDC power architecture; new white paper shows advantages of 1250 V PowiGaN technology vs. 650 V GaN and 1200 V SiC

(BUSINESS WIRE) -- Power Integrations (NASDAQ: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today outlined the benefits of its PowiGaN™ gallium-nitride technology for next-generation AI data centers. The capabilities of 1250 V and 1700 V PowiGaN technology for 800 VDC power architectures are explained in a new white paper from Power Integrations, published at the 2025 OCP Global Summit in San Jose, where NVIDIA provided an update on the 800 VDC architecture. Power Integrations is collaborating with NVIDIA to accelerate the transition to 800 VDC power and megawatt-scale racks.

The new white paper details the performance advantages of Power Integrations’ industry-first 1250 V PowiGaN HEMTs, illustrating ... Read more »

CONSHOHOCKEN, Pa. - Monday, 13. October 2025 AETOSWire Print 

Boomi’s recognition as a Leader in API management reflects its execution and vision

(BUSINESS WIRE)--Boomi™, the leader in AI-driven automation, today announced it has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for API Management. This recognition reflects Boomi’s strength in both ability to execute and completeness of vision, which in Boomi’s view, reaffirms the company’s focus on powering API innovation at the core of agentic transformation.

“As organizations race to unlock the full value of agentic AI, APIs have never been more critical,” said Steve Lucas, Chairman and CEO at Boomi. “That’s why it’s so meaningful that Boomi is the only vendor recognized as a Leader in both the 2025 Gartner® Magic Qua ... Read more »

ROCHESTER, N.Y. - 
Purpose-built Agentic AI ecosystem with specialized agents already delivering measurable ROI in underwriting, claims, policyholder servicing, and more

(BUSINESS WIRE) -- Sutherland, a global leader in business and digital transformation, today announced the launch of its Insurance AI Hub, an agentic AI ecosystem engineered to solve the scale, compliance, and ROI challenges insurers face in operationalizing AI.

Unlike generalized AI platforms retrofitted for insurance or siloed tools that rarely make it beyond the demo stage, Sutherland’s solution is trained on real insurance workflows, tuned for regulatory demands, and already being deployed by enterprises today.

Now with a comprehensive suite of specialized AI agents engineered for Life & Annuity, Group Benefits, Property & Casualty, and Specialty lines, the Insurance AI Hub lets insurers break free from proof-of-concept paralysis and finally scale AI with confiden ... Read more »

WILMINGTON, Del. - Monday, 13. October 2025

Five Companies Unite to Reimagine Denim and Showcase Sustainable Solutions

(BUSINESS WIRE)--In a bold move toward redefining denim, five trailblazing companies — Circulose, iTextiles®, Labor Made Inc., Neela, and The LYCRA Company — are joining forces to launch B-Logic: The Logical Future of Denim at Kingpins Amsterdam, October 15 – 16. Sugar Factory visitors can explore the sustainable collection of denim and wovens on the mezzanine level.

Short for Being Logical, B-Logic is a visionary collaboration that takes a thoughtful and rational approach to developing the next generation of modern, sustainable denim. Every decision, from fiber selection to final construction, was made with purpose, harmony, and responsibility, offering the industry a more sustainable path forward.

Showcasing Sustainable Style

The B-Logic collection features nine curated looks — spanning tops, bott ... Read more »

Hainan, China - Monday, 13. October 2025 AETOSWire 

 
More than 1,200 Participants from 70 Countries and 16 High-Level Ministerial Delegations
 

The World Free Zones Organization Concluded its 11th annual World Congress in Hainan, hosted from October 10-12. The event attracted more than 1,200 participants from 70 countries, along with 16 high-level ministerial delegations and representatives of international economic and trade organisations.

The final day featured the Annual General Assembly meeting, during which a set of strategic resolutions aimed at enhancing the organisation’s operational framework and strengthening its global network of free zones was adopted. Elections were also held for the World FZO Board of Directors for a new term.

The closing ceremony was attended by Liu Xiaoming, Governor of Hainan Province, alongside H.E. Dr. Mohammed Al Zarooni, Chairman of the World FZO, and a number of senior officials ... Read more »