Fintech PR
Paratus Reports Q3 2024 Results, Reaffirms Commitment to Shareholder Returns

HAMILTON, Bermuda, Nov. 29, 2024 /PRNewswire/ — Paratus Energy Services Ltd. (Oslo: PLSV) (“Paratus” or the “Company”) today reported operational and financial results for the third quarter of 2024, highlighted by $110 million in revenues and $63 million in adjusted EBITDA. At quarter-end, the Group held $165 million in cash deposits and had a net debt balance of $597 million.
Building on the momentum established by the inaugural quarterly cash distribution to shareholders for the second quarter, Paratus is pleased to announce that the Board of Directors (“Board”) has authorized a cash distribution to shareholders of $0.22 per share for the third quarter of 2024. This distribution reflects the continued confidence in the Company’s financial strength and commitment to creating long-term value for shareholders.
“Paratus is delivering on our commitment to return a majority of our excess free cash in the form of stable distributions to shareholders.” said Robert Jensen, CEO of Paratus. “Including this distribution, we will have returned more than 10% of our current market cap to shareholders since early September. This is a testament to our strong balance sheet and solid operational performance this year, and highlights Paratus’ differentiated capital returns program.”
(Note: numbers below are based on management reporting)
Key highlights
- Revenues of $110 million, including $8 million of variable revenue previously not recognized in Mexico.
- EBITDA of $63 million on the back of solid operational performance and cost discipline. EBITDA excluding variable revenue in Mexico was $54 million broadly in line with the previous quarter ($55 million).
- Reported net loss of $15 million was primarily due to a one-time, non-cash accounting expense of $35 million related to the partial redemption of the 2026 Notes. Excluding this item, the Company generated net income of $20 million.
- Exited the quarter with Group cash balance of $165 million and $597 million in net debt.
- Seagems secured $32 million additional backlog for Esmeralda and Fontis dayrates were adjusted up 4% following contractual market indexation, effective August.
- In October 2024, Paratus invested $12 million (its pro-rata share) in a private placement of Archer to support a strategic acquisition transaction.
- In November 2024, Paratus successfully uplisted onto the Euronext Oslo Børs.
- In November 2024, the Board of Directors authorized a cash distribution to shareholders of $0.22 per share for the third quarter of 2024, in line with the previous quarter.
Fontis
Fontis recorded total revenues of $63 million (Q2 2024: $72 million) including $8 million (Q2 2024: $15 million) in recognition of variable revenue from previously unbilled services that were agreed with the customer. Operating expenses (Opex) were $23 million, which was lower than the previous quarter (Q2 2024: $24 million), and general and administrative expenses (G&A) were $1 million, in line with the previous quarter (Q2 2024: $1 million). Adjusted EBITDA was $39 million compared to $47 million in Q2 2024 primarily due to a smaller portion of variable revenue from previously unbilled services compared to Q2 2024. For informational purposes, EBITDA generated during the quarter excluding variable revenues, was $31 million, which was largely in line with the previous quarter (Q2 2024: $32 million), despite the planned downtime of the Courageous for 58 days during the quarter due to the installation of a new crane.
In Q3 2024, Fontis achieved an average dayrate of $135.1 thousand per day (Q2 2024: $126.7 thousand per day) and an average technical utilization of 99.0% (Q2 2024: 99.8%), closing the quarter with a contract backlog of $317 million.
At the end of Q3 2024, the notional amount of the accounts receivable was $283 million, up from $215 million in Q2 2024. Fontis collected $106 million of receivables during the first nine months of 2024, including $90 million in Q2 2024. No payments have been received since the start of the third quarter, consistent with trends amongst other similar service companies in Mexico, causing receivables to rise with billed and accrued revenues. Additionally, $29 million was invoiced for previously unbilled services, further increasing the receivables balance. The Company has noted that the Mexican government has publicly expressed plans to support Fontis’ customer, including direct financial assistance and a tax reform to help the customer address its financial obligations and achieve operational efficiencies. The Company, leveraging over a decade-long relationship, has booked revenues of around $825 million and collected around $850 million since 2021, demonstrating strong collection resilience despite short-term fluctuations. The Company is actively engaging with the client to expedite the collection of outstanding receivables and expects to recover the full amount, as has been the case in the past, while acknowledging and planning for the possibility of ongoing fluctuations in the timing of collections. Consequently, the Company is also actively exploring alternative opportunities to potentially monetize part of its receivables balance of $283 million and will update the market accordingly if it enters any such transactions.
Seagems JV
The Company’s 50% share in the JV contributed with $47 million in contract revenues (Q2 2024: $52 million) and $25 million in adjusted EBITDA (Q2 2024: $28 million). The decrease in revenue was mainly driven by lower average dayrate and lower average technical utilization. Operating expenses (Opex) were $17 million and general and administrative expenses (G&A) were $3 million, both largely in line with the previous quarter (Q2 2024: $17 million and $3 million, respectively).
The JV achieved an average contractual rate of $185.7 thousand per day (Q2 2024: $200.8 thousand per day) and an average technical utilization of 97.7% (Q2 2024: 99.3%). The lower average dayrate in Q3 2024 compared to Q2 2024 was mainly due to Jade and Onix operating under contracts with lower dayrates in the quarter, compared to spot contracts with higher dayrates in the previous quarter.
As previously announced, pursuant to an agreed plan amongst the JV shareholders, Seagems distributes all excess cash to its JV shareholders. During Q3 2024, the JV distributed $22 million to Paratus (Q2 2024: $14 million).
In September, Seagems received the 2024 Petrobras Best Supplier Award as the best Pipelaying Company. This is the third time in seven editions that the company receives this award.
(*) Figures reflect period between 2021-Q3 2024. Included in the $850 million figure is VAT and the nominal value of $196 million unsecured notes issued by the customer in lieu of cash settlement for an equivalent amount of outstanding Fontis accounts receivables. During 2022, Fontis sold these notes for $186 million.
Webcast and Q&A Session
Paratus will host a presentation of the Q3 2024 results via an audio webcast today at 15:00 CET. The presentation will be led by CEO Robert Jensen and CFO Baton Haxhimehmedi. A Q&A session will follow the presentation, with instructions on how to submit questions provided at the start of the session.
To join the webcast, please use the following link: https://channel.royalcast.com/landingpage/paratus-energy/20241129_2/
For further information, please contact:
Robert Jensen, CEO, [email protected], +47 958 26 729
Baton Haxhimehmedi, CFO, [email protected], +47 406 39 083
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
Attachments
- Q3 2024 Interim Results Report
- Q3 2024 Interim Results Presentation
An updated company presentation is also available at the Company’s website (www.paratus-energy.com).
About Paratus
Paratus Energy Services Ltd. (Oslo: PLSV) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis and a 50/50 JV interest in Seagems (formerly Seabras). Fontis is an offshore drilling company with a fleet of five high-specification jack-up rigs working under contracts in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels under contracts in Brazil. In addition, Paratus is the largest shareholder in Archer Ltd, a global oil services company, listed on the Euronext Oslo Børs.
Forward-Looking Statements
This release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s and / or the Paratus Group’s (including any member of the Paratus Group) plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are based on management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and / or the Paratus Group and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, management’s reliance on third party professional advisors and operational partners and providers, the Company’s ability (or inability) to control the operations and governance of certain joint ventures and investment vehicles, oil and energy services and solutions market conditions, subsea services market conditions, and offshore drilling market conditions, the cost and timing of capital projects, the performance of operating assets, delay in payment or disputes with customers, the ability to successfully employ operating assets, procure or have access to financing, ability to comply with loan covenants, liquidity and adequacy of cash flow from operations of its subsidiaries and investments, fluctuations in the international price of oil or alternative energy sources, international financial, commodity or currency market conditions, including, in each case, the impact of pandemics and related economic conditions, changes in governmental regulations, including in connection with pandemics, that affect the Paratus Group, increased competition in any of the industries in which the Paratus Group operates, the impact of global economic conditions and global health threats, including in connection with pandemics, our ability to maintain relationships with suppliers, customers, joint venture partners, professional advisors, operational partners and providers, employees and other third parties and our ability to maintain adequate financing to support our business plans, factors related to the offshore drilling, subsea services, and oil and energy services and solutions markets, the impact of global economic conditions, our liquidity and the adequacy of cash flows for our obligations, including the ability of the Company’s subsidiaries and investment vehicles to pay dividends, political and other uncertainties, the concentration of our revenues in certain geographical jurisdictions, limitations on insurance coverage, our ability to attract and retain skilled personnel on commercially reasonable terms, the level of expected capital expenditures, our expected financing of such capital expenditures, and the timing and cost of completion of capital projects, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, tax assessments and liabilities for tax issues, legal and regulatory matters, customs and environmental matters, the potential impacts on our business resulting from climate-change or greenhouse gas legislation or regulations, the impact on our business from climate-change related physical changes or changes in weather patterns, and the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems. Consequently, no forward-looking statement can be guaranteed.
Neither the Company nor any member of the Paratus Group undertakes any obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, we cannot assess the impact of each such factors on our businesses or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Public/21459/4073351/8744e75c2e71ea01.pdf |
Q3 2024 Interim Results Presentation |
https://mb.cision.com/Public/21459/4073351/91f3b5ea3e127c75.pdf |
Q3 2024 Interim Results Report |
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Fintech
Fintech Pulse: Your Daily Industry Brief – May 16, 2025: Mastercard, MoonPay, Méliuz, CrediLinq, PaySaxas

Welcome to Fintech Pulse, your daily op-ed–style briefing on the most impactful developments shaping financial technology. Today’s edition dives into five major stories that illustrate the dynamism — and the growing pains — of our industry: a powerhouse partnership targeting stablecoin accessibility, a Brazilian cashback unicorn’s bold Bitcoin treasury play, a Singapore-based embedded finance innovator’s fresh capital infusion, a playful analogy linking Eurovision to European fintech, and a leadership shake-up at a Canadian cross-border payments startup. We break down each story, offer strategic insights, and tie it all together with the SEO keywords you care about: fintech, stablecoins, embedded finance, series A funding, blockchain, crypto and cross-border payments.
1. Mastercard × MoonPay: Bridging the Stablecoin Gap
Headline: FinTech Partnerships Look to Crack Stablecoin On- and Off-Ramp Challenges
Source: PYMNTS
What Happened?
On May 15, global payments giant Mastercard announced a strategic partnership with crypto payments provider MoonPay to integrate stablecoin rails directly into Mastercard’s network. The collaboration aims to embed fiat-stablecoin on- and off-ramps into everyday fintech.apps and retail banking services, moving beyond centralized exchange gateways .
Why It Matters:
Stablecoins promise lock-step parity with fiat currencies, lightning-fast settlement, and programmable money capabilities that excel at cross-border remittances and DeFi use cases. Yet adoption stalls without ubiquitous access — most users still must visit exchanges like Coinbase or Binance to convert dollars to USDC or Tether. By embedding on-ramps into Mastercard’s network, consumers and merchants could initiate stablecoin transactions from familiar banking and payments interfaces, lowering the barrier to entry for programmable dollars and euros.
Op-Ed Insight:
The partnership signals a crucial inflection point: incumbent networks are no longer sidelining crypto; they’re building rails atop it. But the devil’s in the details. Regulatory fragmentation (especially in the U.S. under the stalled GENIUS Act) and merchant liability concerns could slow merchant acceptance. True scalability will require not only seamless rails but also incentivised merchant adoption programs and robust KYC/AML frameworks from banks stepping in as custodians and liquidity providers. We’re watching a race where technology leadership must align with regulatory clarity to keep moving the needle on stablecoin usability.
2. Méliuz Becomes Brazil’s First Bitcoin Treasury Company
Headline: Brazil fintech gets approval to become a Bitcoin treasury company
Source: TradingView (Cointelegraph)
What Happened?
On May 15, Brazilian cashback fintech Méliuz received shareholder approval to pivot from a “cashback‐only” model to a Bitcoin treasury strategy, designating itself as the country’s first publicly traded Bitcoin treasury company. The firm purchased 274.52 BTC at an average price of USD 103,604, bringing its total holdings to 320.3 BTC (~USD 33 million).
Why It Matters:
Corporate Bitcoin treasuries have become a hallmark of conviction in crypto’s long-term value — think MicroStrategy or Tesla. Méliuz joins Latin America’s leaders in on-chain treasury allocations, underscoring the region’s appetite for inflation hedges amid currency volatility. Brazilians, accustomed to high interest rates and emerging-market FX turbulence, may view BTC as an “alpha asset” to diversify corporate balance sheets.
Op-Ed Insight:
Méliuz’s move is more than PR — it’s a strategic risk‐management bet. By repositioning its corporate purpose around “maximizing BTC per share,” Méliuz aligns shareholder interests with crypto market cycles. Yet the company must balance treasury volatility against its core cashback business cash flows. Success depends on transparent reporting, disciplined treasury management (e.g., dollar-cost averaging), and clear communication to retail investors who may not be crypto natives. Watch whether this spurs rival Brazilian fintechs or banks to follow suit in allocating portions of their liquidity reservoirs to on-chain assets.
3. CrediLinq Secures USD 8.5 Million Series A
Headline: Global fintech CrediLinq Raises $8.5M Series A to Accelerate the Growth of B2B Embedded Finance
Source: FinSMEs / PR Newswire
What Happened?
Singapore-based CrediLinq, an AI-powered B2B embedded finance platform, closed an USD 8.5 million Series A funding round on May 16. The round was co-led by OM/VC and MS&AD Ventures, with new participation from Citi North America and the Rustem Family Office, alongside returning backers 500 Global, Epic Angels, 1982 VC, and Big Sky Capital.
Why It Matters:
As digital commerce platforms multiply, so does demand for seamless, point-of-sale financing for SMEs. CrediLinq’s API-first embedded finance toolkit lets marketplaces and B2B platforms plug in working-capital lines, receivables financing, and AI-driven credit underwriting directly into seller checkouts. This reduces friction, speeds approval, and uses platform-level data (e.g., transaction history) for richer risk models.
Op-Ed Insight:
The Series A underscores two key trends: (1) investors doubling down on embedded finance as a multi-trillion-dollar opportunity, and (2) the rise of AI-powered credit to mitigate non-performing loans via real-time data. CrediLinq’s roadmap—geographic expansion into the U.S., U.K., and Australia; talent acquisitions; and algorithmic enhancements—mirrors best practices for scaling fintech infrastructure. Watch for CrediLinq partnerships with e-commerce giants like Amazon or TikTok Shop; that level of integration could unlock exponential growth and cement its platform moat.
4. State of Play: Eurovision × Fintech
Headline: State of play: Eurovision x fintech
Source: FinTech Futures
What Happened?
In a whimsical yet illuminating piece published May 16, fintech analyst Philip Benton draws parallels between the Eurovision Song Contest and the European fintech ecosystem, highlighting themes of performance, jury vs. audience dynamics, and cross-border collaboration.
Why It Matters:
Analogies like Benton’s help demystify fintech for broader audiences, showcasing how global expansion requires more than flashy UX (the “gimmicks”); it needs solid fundamentals, compliance infrastructure, and a mix of consumer appeal and regulatory endorsement (the “jury vote”). The article reminds us that fintech success hinges on balancing novelty with viability.
Op-Ed Insight:
Drawing on Eurovision’s dual-voting system, fintechs must navigate both user growth and regulator approval. The most memorable Eurovision acts aren’t always the slickest — sometimes it’s the oddball, risk-taking performances that stick. Similarly, fintech innovation should target underserved niches (e.g., micro-lending in underbanked regions or carbon-credit marketplaces) rather than chasing generic neobank status. Collaborations (APIs as “backing vocals”) between banks, startups, and infrastructure players will define the winning acts in this fintech “contest.” The key takeaway? Stand out, but don’t stray from the core song — your business model and compliance framework.
5. PaySaxas Appoints Dmitrii Barbasura as CEO
Headline: PaySaxas names Salt Edge founder Dmitrii Barbasura as CEO
Source: FinTech Futures
What Happened?
On May 16, Canadian payments infrastructure startup PaySaxas announced the appointment of Dmitrii Barbasura, founder of open banking pioneer Salt Edge, as its new CEO. Barbasura succeeds co-founder Alex Sulenko and steps in with a mandate to expand payment solutions and solidify regulatory licences, including a new Electronic Money Institution (EMI) licence from Finland’s FIN-FSA.
Why It Matters:
PaySaxas offers multi-currency IBANs, SEPA/SWIFT transfers, and fiat–crypto conversions. Under Barbasura’s leadership at Salt Edge, which grew to serve 200+ clients in 50+ countries, the startup aims to replicate that traction in cross-border payments infrastructure — a space ripe for regulatory arbitrage and product innovation.
Op-Ed Insight:
Leadership transitions in fintech can catalyse strategic pivots. Barbasura’s track record suggests PaySaxas might strengthen its API packaging, explore embedded FX hedging products, and deepen partnerships with neobanks and remittance platforms. Securing the Finnish EMI licence hints at a Eurozone-centric growth push before eyeing Latin America or Asia. Watch how Barbasura balances product roadmaps with “reg-tech” imperatives — his next moves will reveal whether PaySaxas can outflank incumbents like TransferWise or Ripple’s On-Demand Liquidity.
Concluding Analysis
Today’s headlines underscore a few macrothemes:
-
Institutional Embrace of Crypto Rails: From Mastercard embedding stablecoin ramps to Méliuz building a Bitcoin treasury, legacy players and scale-ups alike are staking claims on on-chain liquidity.
-
Embedded Finance as Infrastructure: CrediLinq’s Series A and PaySaxas’s leadership hire both spotlight embedded finance and API-driven cross-border payments as bedrock fintech infrastructure.
-
Regulatory Alignment vs. Product Innovation: Whether it’s the GENIUS Act’s hold-up on U.S. stablecoin policy or PaySaxas’s Finnish EMI licence, regulatory clarity remains the linchpin for fintech scale.
-
Brand and Narrative Matter: Philip Benton’s Eurovision analogy reminds us that storytelling — and positioning — can amplify product differentiation in a crowded market.
As always, Fintech Pulse will continue tracking how these stories evolve. Will Mastercard–MoonPay ignite a stablecoin payments boom? Will Méliuz’s Bitcoin treasury pay off or invite volatility headaches? Can CrediLinq convert its AI promise into enterprise-grade partnerships? Stay tuned.
The post Fintech Pulse: Your Daily Industry Brief – May 16, 2025: Mastercard, MoonPay, Méliuz, CrediLinq, PaySaxas appeared first on News, Events, Advertising Options.
Fintech PR
New Healthcare AI Models Could Reshape Everything From Burnout to Diagnostics

Equity Insider News Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, May 16, 2025 /PRNewswire/ — Equity Insider News Commentary – AI is no longer just assisting healthcare — it’s beginning to rewire it from the ground up. From streamlining diagnostics and automating clinical documentation to predicting disease and optimizing hospital operations, generative AI is now touching every layer of the care continuum. As policymakers in places like Connecticut debate how to regulate this growing influence, and initiatives like OpenAI’s HealthBench push the frontier of model evaluation, a new class of enterprise-scale innovators is already moving ahead. Among them are several public companies straddling health tech, cloud AI, and data infrastructure — including Avant Technologies, Inc. (OTCQB: AVAI), Palantir Technologies Inc. (NASDAQ: PLTR), GE HealthCare Technologies Inc. (NASDAQ: GEHC), Salesforce, Inc. (NYSE: CRM), and Alphabet Inc. (NASDAQ: GOOG, GOOGL).
Industry analysts at MarketsandMarkets project that the AI in healthcare market will expand at a compound annual growth rate of 38.6%, reaching over $110 billion by 2030. Looking further ahead, Accenture estimates that AI could unlock an additional $461 billion in value by 2035—augmenting a global healthcare sector already expected to exceed $2.26 trillion.
Avant Technologies, Inc. (OTCQB: AVAI) is quietly but deliberately advancing its position in AI-powered healthcare through a proposed acquisition of its joint venture partner, Ainnova Tech. The two companies, already aligned under the Ai-nova Acquisition Corp. (AAC) banner, are now moving to unify operations—an intentional step that comes just ahead of their scheduled FDA pre-submission meeting this July. If completed, the merger would remove internal friction, streamline clinical trial planning, and strengthen their regulatory posture ahead of potential U.S. market entry.
“We believe bringing the two companies together will offer tremendous value for shareholders,” said Vinicio Vargas, CEO at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp. “It will simplify the process of advancing our technology to market, and it will deliver value to our customers and partners as we promote our technology portfolio globally.”
At the core of this effort is Vision AI, a non-invasive clinical screening platform that combines retinal imaging, vital sign capture, and machine-learning algorithms to detect early signals of chronic illness—including diabetic retinopathy, cardiovascular disease, kidney and liver conditions, and type 2 diabetes. Operating under AAC, the joint venture holds global rights to the platform, which has shown more than 90% sensitivity in early detection, according to NIH-cited research.
“This milestone reflects our two-tiered strategy, rapid deployment in low-regulation markets where Vision AI operates as a screening tool, and simultaneous progress toward FDA clearance for the U.S. market,” said Vargas. “Entering the U.S. will unlock significant commercial potential, and early engagement with regulators ensures we do so with speed, credibility, and a validated product.”
Unlike many healthcare AI startups still stuck at concept stage, Avant’s technology is already deployed in Latin America—including Chile, Mexico, and Brazil—where it’s being tested in real-world clinical workflows. These field programs are not only helping build a safety and efficacy track record, they’re also providing critical user feedback that shapes the platform’s refinement and usability.
To support broader clinical reach, AAC recently integrated four new diagnostic algorithms into Vision AI. Trained on over 2.3 million clinical cases, these additions enhance the system’s utility across a wider range of chronic conditions. With proven traction abroad and a pending regulatory milestone in the U.S., Avant is moving from potential to presence—and may soon find itself on the radar of a much larger healthcare conversation.
CONTINUED… Read this and more news for Avant Technologies at:
Palantir Technologies Inc. (NASDAQ: PLTR) has entered a long-term partnership with The Joint Commission, the leading healthcare accreditation body in the U.S., to apply its AI and data analytics platform to improve patient safety and operational efficiency.
“The Joint Commission is committed to building the accreditation and certification process of the future, today,” says Alex Karp, co-founder and CEO of Palantir Technologies. “This work will improve global health outcomes by utilizing AI to drive performance improvements around the world.”
The collaboration aims to modernize how hospitals manage quality standards, streamline certification processes, and enhance clinical performance. Palantir’s platform is already delivering results across major healthcare systems, including Tampa General and Cleveland Clinic.
GE HealthCare Technologies Inc. (NASDAQ: GEHC) recently unveiled CleaRecon DL, an FDA-cleared, AI-based solution aimed at elevating image quality in cone-beam CT (CBCT) procedures. Powered by deep learning, the tool addresses long-standing image distortion challenges caused by blood flow and contrast variability, especially in interventional settings like liver and neuro procedures. Clinical validation shows a 94% increase in interpretation confidence and a 98% improvement in image clarity compared to traditional CBCT.
“The introduction of CleaRecon DL represents a leap forward in the interventional suite and for the advancement of CBCT,” said Arnaud Marie, General Manager, Interventional Solutions at GE HealthCare. “By improving image quality and reducing artifacts, this technology can empower clinicians to perform procedures with greater precision and confidence. This solution builds on our portfolio of tools aimed at improving the user experience and workflow efficiency, enabling clinicians to deliver more accurate and effective interventions for enhanced patient outcomes.”
Salesforce, Inc. (NYSE: CRM) is expanding its healthcare footprint with the launch of a global Life Sciences Partner Network and broader deployment of its Agentforce digital labor platform. Designed to unify clinical, commercial, and manufacturing data, the initiative enables pharmaceutical and medtech organizations to transition from legacy systems to AI-enabled, compliant workflows.
“We are in an unprecedented market moment where, with digital labor grounded in rich data, international life sciences organizations have the opportunity to completely reimagine the way they interact with patients and HCPs,” said Frank Defesche, Senior Vice President and General Manager, Salesforce Life Sciences. “Backed by over two decades of industry expertise, Salesforce is uniquely equipped to pioneer this next era with our deeply unified Platform that brings together apps, data, life sciences-specific workflows, and AI – all wrapped in trust and compliance.”
With integrations from partners like athenahealth, Viz.ai, and H1, the platform supports real-time insights, patient engagement, and automated compliance across the healthcare lifecycle. This marks a major step in Salesforce’s push to become the digital backbone of modern life sciences operations.
Alphabet Inc. (NASDAQ: GOOG, GOOGL), through Google Cloud and Google Public Sector, has partnered with Drive Health and the State of Illinois to launch Healthy Baby, a multi-year AI-powered maternal health pilot targeting underserved communities. The program equips expectant mothers with Google Pixel phones and Fitbit devices, delivering personalized care through Nurse Avery, an AI health assistant.
“The Healthy Baby pilot represents a critical step in maternal healthcare, showing how AI can help deliver personalized, proactive health support directly to underserved mothers,” said Chris Hein, Field Chief Technology Officer, Google Public Sector. “Using the AI agent, Nurse Avery, and delivering it through Google Pixel phones and Fitbit devices, the program provides real-time support – managing appointments, monitoring vitals, and offering health guidance directly, aiming to make essential resources more readily available.”
Backed by Google Cloud’s secure infrastructure, the initiative aims to reduce maternal mortality, improve birth outcomes, and close care gaps across rural populations.
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Fintech PR
Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking

ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.
“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”
The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.
DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.
For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]
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