Fintech PR
Atena Equity Partners invests in cybersecurity and information technology group Redshift
- The acquisition of a majority stake in the cybersecurity and information technology group, which boasted sales exceeding 12 million euros in 2023, was carried out in partnership with Simon Church and aligned with management team’s vision.
LISBON, Portugal, Feb. 26, 2024 /PRNewswire/ — Atena Equity Partners has acquired a majority stake in the Redshift Group, specialist in cybersecurity and information technology. The acquisition of a 51% stake was completed in partnership with Simon Church, a renowned professional in the cybersecurity field, while the management team remains in company and fully committed to its growth.
Atena Equity Partners’ investment aims to unlock Redshift’s tremendous potential by exploring both organic growth and strategic acquisitions. The collective ambition is to position Redshift as a frontrunner in Portugal and expedite its international expansion.
Redshift reported a turnover exceeding 12 million euros in 2023, achieving a double-digit growth compared to the previous year. The 14-year-old information technology group specializes in Cybersecurity, Cloud, Low Code, as well as Information Management solutions and services. It has facilities in Portugal’s key cities like Lisbon and Oporto. Its highly specialized team of over a hundred employees serves more than 150 clients worldwide, spanning Public Administration, Banking, Industry, Health, Insurance, Telecommunications, Transport, and Utilities sectors. The group includes Redshift Consulting, Redshift Solutions, and Redshift Innovation, all of which collaborate with leading global software companies to deliver tailored solutions to meet client needs.
João Manso, CEO, founder, and shareholder of Redshift, emphasizes: “Atena’s investment in Redshift acknowledges our past achievements and sets the stage for accelerated growth. With Atena and Simon on board, we strengthen our value proposition and competitiveness, leveraging their expertise and resources.”
Miguel Lancastre, founding partner of Atena Equity Partners, underlines “Redshift operates in an enticing and fast-growing sector with substantial growth prospects. By combining Redshift’s team expertise with Simon’s know-how and Atena’s capabilities and resources, we are poised to fully exploit its potential. Therefore, at Atena, we are excited about this investment, the culmination of months of effort by our investment and operations team.”
Simon Church, co-investor of Atena Equity Partners and cybersecurity specialist, highlights: “Redshift presents an exciting development potential, both inside and outside of the Portuguese market, utilising their highly skilled team and distinctive solutions. Our ambition is to elevate the company to new heights, leveraging its strengths and delivering further value for clients, employees, partners, and shareholders.”
With over 30 years of experience in the information technology sector and a focus on cybersecurity for more than two decades, Simon Church serves as chairman of Xalient and will be joining Redshift’s board of directors. He is well-versed in the Portuguese and global markets, having previously served as CEO of Maxive Cyber Security, a group divested by Sonae to Thales, which included S21sec, the leading independent cyber security specialist in Portugal and Spain. Simon held executive leadership positions in companies such as NTT Security, Vodafone, Optiv, Verisign, and NetIQ, and also served on the advisory boards of Glasswall and Persefoni.
Atena Equity Partners is a private equity firm that invests in leading companies with strong competitive positions in their sectors. Atena’s funds under management focus on investment situations where operational involvement adds significant value, such as sector consolidation, succession, restructuring, and carve-outs.
Redshift marks the ninth investment of the Atena II Fund, which since 2021 has completed investments in multiple sectors and companies, including five hospital units and clinics in Portugal, pharmaceutical company Sidefarma, luxury finishing textile company Quinta & Santos – Score, and specialist in flexible plastic packaging and technical films Plastrofa.
View original content:https://www.prnewswire.co.uk/news-releases/atena-equity-partners-invests-in-cybersecurity-and-information-technology-group-redshift-302070171.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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