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Maveric Systems Named a Niche Player in 2019 Gartner’s Magic Quadrant for Application Testing Services Worldwide

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Banking technology transformation specialist Maveric Systems has been named a Niche Player in Gartner’s 2019 Magic Quadrant for Application Testing Services Worldwide*. Maveric’s inherent banking domain experience, customer intimacy model and staunch delivery commitment are its strong pillars of customer success, this belief has also reflected in the client’s comments on the Gartner’s Peer Insights**

The Magic Quadrant report has assessed and evaluated 20 application testing service providers based on their ability to execute and completeness of vision. Maveric considers its inclusion in the Magic Quadrant, as a recognition of its sharply focused banking QE teams, who bring thoroughness in approach, domain model embedded new age tools and frameworks for engineering quality.

“The banking world is going through a significant digital shift. The need for speed with superior quality, security and customer experience has never been so critical, as it is today”, said N.N.Subramanain (Subbu), Co-Founder and Director of Quality Engineering (QE) business. “Continuous quality is our philosophy to engineer the quality at speed and scale, in a dynamic multi-player digital eco-system”. “Maveric’s in-depth banking domain knowledge and QE expertise help banks drive their digital initiatives smoother and faster”. 

In the banking domain, Maveric Systems is a world-class leader in providing QE services. With over 1200+ QE specialists, the company orchestrates its QE science mastery, with the right blend of functional domain knowledge and early engineering proficiency. Maveric has supported more than 60+ banking transformations, backed with 2 decades of strong banking experience. The company has made significant investments in building value added tools, accelerators and matured frameworks for digital age QE, which fosters the culture of ‘95% QE automation’. Maveric’s QE science mastery with a fit for purpose and scalable QE transformation solutions maintain continuous quality focus across the banking transformation journey.

To learn more about Maveric’s QE service competency, please visit – https://maveric-systems.com/services/quality-engineering/quality-engineering-services

*Gartner, Magic Quadrant for Application Testing Services, Worldwide, Gunjan Gupta et al., 25 November 2019

**Gartner Peer Insights, Maveric Systems
https://www.gartner.com/reviews/market/application-testing-services-worldwide/vendor/maveric-systems?months=12

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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Gartner Peer Insights
Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.

 

SOURCE Maveric Systems

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MEXC Announces Listing of Kinto (K) with Massive 12,800 K & 50,000 USDT Prize Pool

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VICTORIA, Seychelles, March 28, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, is excited to announce the upcoming listing of Kinto (K) on March 31, 2025. To celebrate, MEXC is launching exclusive events with a combined prize pool of 12,800 K & 50,000 USDT in bonuses, offering traders the opportunity to earn substantial rewards while engaging with the Kinto ecosystem.

Kinto is a modular exchange (MEX) that combines the advantages of both centralized (CEX) and decentralized exchanges (DEX), offering users a compliant and seamless trading experience. Founded by a team of blockchain developers and financial experts, Kinto operates on a strong community governance model that enables users to actively shape the platform’s future.

The K token ($K) serves as both the governance and utility token within the Kinto ecosystem, granting holders governance rights, staking opportunities, and rewards for participation.

To celebrate the listing of Kinto (K), MEXC has launched a series of exciting events with low entry requirements and a simple participation process, ensuring that users with different needs can easily join and share generous rewards.

Below are the key details of the events:

MEXC has established itself as an industry leader by consistently providing users with early access to promising Web3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings, at 461, and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to capture market trends quickly.

Looking ahead, MEXC will continue to enhance its platform by providing advantages such as low fees, deep liquidity, a wide selection of trending tokens, and daily airdrops, enabling traders to access high-potential projects early, receive generous rewards, and enjoy an optimal trading experience.

For full event details and participation rules, visit here.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

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Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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EQT Infrastructure VI holds final close at its hard-cap, raising EUR 21.5 billion in total commitments

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  • EQT Infrastructure VI raises EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management, exceeding the EUR 20 billion target and hitting hard-cap
  • This represents a 35 percent increase on the Fund’s predecessor, owing to strong support from both existing and new investors
  • The Fund builds on EQT Value-Add Infrastructure’s more than 15-year track record investing in infrastructure companies that provide essential services to society across Europe, North America and Asia Pacific

STOCKHOLM, March 28, 2025 /PRNewswire/ — EQT is pleased to announce the closing of its flagship infrastructure fund, EQT Infrastructure VI (the “Fund”) on EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management. 

EQT Infrastructure VI received commitments from a diversified, global group of institutional investors, including pension funds, sovereign wealth funds, asset managers and insurance companies. The private wealth segment represented an increased share compared to the predecessor vehicle. Fund investors were based across the Americas, Asia Pacific, Europe, the Middle East and the Nordics.

The Fund is 35 percent larger than its predecessor which closed on EUR 15.7 billion in November 2021. EQT Infrastructure VI invests in infrastructure companies that provide essential services to society, have a stable or growing underlying demand, predictable cash flows, and an asset-based, contracted and well-protected business model. It pursues attractive investment themes such as digital infrastructure; generating, storing, and distributing energy; decarbonization and electrification of industrial processes and transport; resource efficiency and circularity; and social infrastructure.

Masoud Homayoun, Head of Infrastructure at EQT, said: “EQT Infrastructure VI has had a great start with 12 highly thematic investments closed or signed. Our sector teams are continuing to deliver on a healthy investment pipeline and we are excited by the large opportunity set underpinned by global, long-term trends such as the transition to a decarbonized and circular economy and the digitalization of society. Our focus remains on creating lasting value in our portfolio and delivering outstanding performance for our clients.” 

Lennart Blecher, Head of Real Assets at EQT, added: “Since its inception in 2008, EQT Infrastructure has grown at pace and today, we have a 130-strong team and three investment strategies: Value-Add, Active Core and the recently launched Transition Infrastructure strategy. We are thrilled to announce the final close of EQT Infrastructure VI, our latest flagship fund within EQT’s EUR 75 billion1 global infrastructure business, and look forward to continuing to scale the platform.” 

Suzanne Donohoe, Chief Commercial Officer at EQT, commented: “We would like to thank our longstanding clients, whose commitments represented around 70% of this fundraise, for their continued confidence in the EQT Value-Add Infrastructure strategy. We are also grateful for our new partners’ trust in EQT and we aim to continue to deliver attractive returns through economic cycles.”

EQT Value-Add Infrastructure takes an industrial approach to value creation in mature infrastructure businesses. It actively partners with high-quality companies with significant and sustainable growth potential to build strong, resilient businesses through hands-on support of management teams, and bringing deep operational expertise in areas such as AI, digitalization and sustainability. The EQT Infrastructure team is further supported by EQT’s Industrial Advisors. This global network of more than 600 business executives and entrepreneurs is engaged in the entire investment process and act as board members to contribute operational and strategic expertise to portfolio companies.

EQT Infrastructure VI is 45-50 percent committed (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), based on the actual fund size. The Fund has closed ten investments, including in Constellation Cold Logistics, OX2, Statera and Universidad Europea in Europe; a new partnership with EdgeConnex, Arcwood Environmental (formerly Heritage Environmental Services), Lazer Logistics and Madison Energy Infrastructure in the US; and Rena (formerly KJ Environment) and SK Shieldus in Asia Pacific. It has also announced entering into exclusive negotiations to acquire a majority stake in Eutelsat Group’s ground station infrastructure business in Europe and a Joint Venture with T-Mobile to acquire Lumos in the US. 

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

1Total AuM as of December 2024

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Israel Corp. Reports Results for Fourth Quarter of 2024

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TEL AVIV, Israel, March 27, 2025 /PRNewswire/ — Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) announced today its fourth quarter and annual results for the period ending December 31, 2024.

Selected Financial Figures for the Fourth Quarter 2024:

$m

Q3/24

Q3/23

2024

2023

ILCO share in ICL profit1

30

28

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175

282

Financing, G&A and other at ILCO headquarter level 

2

1

(8)

Tax income (expense) of ILCO Headquarters

(1)

(1)

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15

(1)

Net profit to company’s shareholders

31

28

190

273

Liquidity at the ILCO Headquarters Level2

As of December 31, 2024, total financial liabilities were $733 million, and investments in liquid assets amounted to $882 million of which $83 million are pledged deposits.

Net cash1 as of December 31, 2024, totaled $126 million. The net cash includes the fair value of derivatives transactions, which increases the economic value of the financial liabilities by $23 million. As of September 30, 2024, the net cash was $84 million.

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Additional updates

On January 21, 2025, following approval by the Company’s Board of Directors, ILCO entered into investment agreements and share purchase agreements with existing shareholders of Prodalim Investments Ltd (“Prodalim”) for a total investment of ~$116m. The transaction was completed on March 5, 2025, ILCO owns 27.5% of Prodalim4. Prodalim is a private company, incorporated in Israel, which is engaged in creating natural solutions for various industries. Its products include concentrates, flavors and fragrances, beverage bases and other natural functional ingredients. In addition, Prodalim is developing innovative activities focused on the emerging world of the de-alcoholization of alcoholic beverages5.

On March 27, 2025, ILCO Board of Directors decided on distribution of dividend at the sum of $15m, this in accordance with the company’s dividend policy announced in January 2023. The record date will be April 9, 2025 and the payment date will be April 21, 2025.

ILCO Total Assets, Net

$m

31/12/2024

Assets

ICL (~567m shares, market value)

2,799

AKVA Group (~6.6m shares, market value6)

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40

Other (market value)6

13

Total Assets

2,851

ILCO’s Net Cash

126

Total Assets, net

2,977

About Israel Corporation

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Israel Corporation Ltd. (TASE: ILCO) (“ILCO”) is a reputable public investment company, which owns and invests in high quality companies with established managements and go-to markets.

In November 2019, ILCO announced its updated strategy, ILCO plans to expand its portfolio through new investments over the next few years. ILCO plans to focus mainly on the food (inc. tech), agriculture (inc. tech), healthcare and industry 4.0 sectors. For more details please see the following link to ILCO updated Strategy Presentation

ILCO strives to generate return on its investment through active board participations and its operational and managerial expertise.

ILCO current core holdings include c.44% stake in ICL Group (NYSE:ICL, TASE:ICL) and c.18% stake in AKVA Group (OB:AKVA). ILCO is publicly traded on the Tel Aviv Stock Exchange under the ticker ILCO and is included in the TA-35 Index.

For further information on ILCO, see ILCO’s publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il.

Please also see ILCO company website http://www.israelcorp.com for additional information.

Convenience Translation

The financial information found in this press release is an English summary based on the original Hebrew financial statements and is solely for the convenience of the reader. The binding version is the original in Hebrew.

Forward Looking Statements

This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of ILCO, which may cause actual results to differ materially from those contained in the disclosures.

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Investor Relations Contacts

Idan Hizki
Vice President, Business Development & Investor Relations
Tel: +972 3 684 4500
idanh@israelcorp.com

[1] Amortization of excess cost
[2 Israel Corp and its wholly owned and controlled headquarter companies.
[3] Following the end of the quarter, the pledged deposit balance is $10m
[4] On a fully diluted basis
[5] For more details, please see ILCO 2024 financial statements and immediate reports dated March 5, 2025, and January 21, 2025
[6] Includes 1.983m shares in Nordic Aqua Partners (OB:NOAP)

View original content:https://www.prnewswire.co.uk/news-releases/israel-corp-reports-results-for-fourth-quarter-of-2024-302413749.html

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