Incognito Software Systems Launches NEXA, an AI-Enabled Solution for Automated Broadband Operations

 NEXA unifies network, device, service, and subscriber data to help broadband service providers identify issues earlier, improve customer experience, reduce churn, and automate operations.

 

(BUSINESS WIRE)--Incognito Software Systems, a leading global provider of service orchestration, device management, and network intelligence solutions, today introduced NEXA, an AI-driven network intelligence and automation platform that enables broadband service providers to turn operational data into action. NEXA unifies network, device, service, and subscriber data in a single intelligence layer, delivering real-time and predictive insights that help service providers identify issues sooner, better understand the subscriber experience, and take faster, more informed action across their operations.

As service providers seek to differentiate beyond connectivity, subscriber experience has become a critical competitive advantage. However, networks have evolved into complex service platforms that span access, edge, customer premises, apps, and third-party systems, making it difficult to detect and resolve issues quickly.

NEXA addresses this challenge by combining cross-platform observability with AI-enabled analytics and automation. Built on an open, scalable architecture, NEXA normalizes and correlates data from all of Incognito's products and other data sources. It applies advanced analytics and machine learning to organize data, understand patterns, and connect signals across networks and systems. The result is end-to-end visibility into network health, service quality, and device performance across any network, helping providers move from reactive troubleshooting to proactive, closed-loop operations.

“For broadband service providers, the network often knows when something is wrong. The challenge is closing the gap between degraded performance and doing something about it,” said Craig Sinasac, Head of Product at Incognito. “NEXA helps teams move beyond siloed tools and manual troubleshooting by connecting operational signals to subscriber and service impact. With earlier insight and the ability to automate response, service providers can prevent more issues from becoming customer problems.”

NEXA helps service providers improve customer experience, lower operating costs, reduce truck rolls and escalations, and make more informed capacity and network investment decisions through features including:

Cross-platform view: A unified view of subscriber, device, network, and service performance across Incognito and third-party data sources.

Predictive intelligence: Early detection of device degradation, network congestion, and subscriber churn risk using IPDR, IPFIX, TR-069, TR-369, and TR-181 data.

Closed-loop automation: Automated API responses and guided remediation workflows that reduce manual effort and accelerate issue resolution.

Open, scalable architecture: A Kafka-based streaming pipeline and scalable design that supports real-time intelligence across millions of connected devices.

Customizable dashboards: Deliver tailored dashboards and insights aligned with each team’s operational and business needs.

Request a meeting with our team at SCTE TechExpo 2026 or Network X 2026 to see NEXA in action. Discover how NEXA can help elevate the customer experience, improve operational efficiency, and reduce costs by visiting www.incognito.com/solutions/nexa.

About Incognito Software Systems Inc.

Incognito Software Systems Inc. provides service orchestration software and services that help digital service providers manage the next-generation broadband experience. Founded 30 years ago, Incognito has over 200 customers worldwide, including America Movil, Cox, Digicel, Globe, and Orange, leveraging its solutions to fast-track the introduction of innovative broadband services over fiber and 5G fixed wireless access technologies, while delivering a great customer experience. Incognito Software Systems is a Lumine Group company (TSXV: LMN). Visit www.incognito.com or follow us on LinkedIn and X (Twitter).

 

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Xceedance Reports 35-50% Efficiency Gains in Insurance Operations Through AI Orchestration

  Production deployments on Xceedance’s agent studio have delivered approximately 35% efficiency improvements at go-live, with some early implementations approaching 50% through ongoing optimization and operational learning.

 

(BUSINESS WIRE)--Xceedance said today that AI orchestration is producing measurable efficiency gains in live insurance operations, delivered through Orchestrated Intelligence, its operating model, and IAN, its agent studio for insurance.

In agency and broker operations, processes moved onto IAN delivered around 35% efficiency improvement from the point of go-live. As these implementations have matured, some are now approaching 50%. Xceedance is seeing the same pattern in underwriting support for excess and surplus lines carriers. The company is also deploying AI at scale in claims third-party administration (TPA) operations, where the volume of repeatable work is large.

A significant portion of gains comes from Xceedance teammates continuously refining AI-enabled workflows — correcting output, resolving the exceptions AI cannot handle, and incorporating those learnings into workflows and agent configurations. As processes mature, a greater proportion of routine work can be completed automatically, allowing teams to focus on higher-value activities.

Xceedance has been deploying AI across its operations for over a year, and that work has changed how the company sells and prices its offering. It is moving away from effort-based contracts towards transaction- and outcome-based ones. Clients increasingly pay for a policy issued, a claim processed, or a submission cleared, rather than for hours worked. Xceedance carries the risk of making the work more efficient, and the client sees the benefit in the price.

Orchestrated Intelligence brings human judgment, AI and software together to the same piece of work. It is not a choice between the three. Every task gets its own mix, so the work is done correctly at the lowest cost for that unit of work. Determining the right balance is informed by the expertise of insurance professionals at Xceedance who design and oversee these workflows.

IAN is where the agents are built and managed. Its design principle is that agents should be bounded: each one does a narrow, well-defined insurance task, is registered and versioned, and can explain its decisions. Bounding also keeps token costs down in deployed processes, because each agent uses only the context, prompts and model calls its task needs, so costs stay predictable.

Together, Orchestrated Intelligence and IAN have produced a catalog of more than 120 insurance agents spanning claims, underwriting, catastrophe modeling, finance and accounting, and data operations. Each agent was built for a single insurance micro task, such as classifying a submission, extracting fields from a loss run, or reconciling financial data. The catalog is available off-the-shelf, so most clients can start with agents already running on live volumes. It continues to expand as Xceedance applies IAN across additional insurance processes and workflows.

"The hard part in insurance is not building an agent. It is knowing what the agent should do, and then running hundreds of them without losing control," said Arun Balakrishnan, Group Chairman and Chief Executive Officer at Xceedance. "That is what we built IAN for. We can design a bounded agent for a specific insurance task, put it into live work, and manage it at scale, in weeks rather than quarters. And we know what to point it at, because we have spent thirteen years doing this work ourselves. Orchestrated Intelligence is how it comes together — our teammates, agent studio and software, delivering the outcome on the same piece of work."

About Xceedance

Since 2013, Xceedance has worked exclusively in property and casualty insurance, helping insurance organizations transform how work gets done through Orchestrated Intelligence, the coordinated application of human judgment, AI, and software. With 5,500+ teammates across the Americas, EMEA and APAC, we support 350+ clients, including commercial, personal and specialty lines re/insurers, mutuals, program administrators, brokers and agents, and Lloyd’s of London entities.

For more information, visit www.xceedance.com.

 

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Hikma signs exclusive licensing and distribution agreement with Dr. Reddy’s Laboratories for Nicotinell across MENA

Dubai, United Arab Emirates - Monday, 28. September 2026

Hikma Pharmaceuticals International Limited, acting through its Swiss branch office, an indirect subsidiary of Hikma Pharmaceuticals PLC and part of the multinational pharmaceutical group, and Dr. Reddy's Laboratories SA, a subsidiary of Dr. Reddy’s Laboratories Ltd., have entered into a multi-year, exclusive licensing and distribution agreement for Nicotinell across the Middle East and North Africa (MENA) region. Through this strategic partnership, Hikma has the right to register, market and distribute Nicotinell across the MENA region.

Nicotinell is a leading global nicotine replacement therapy (NRT) brand and forms part of the consumer healthcare portfolio acquired by Dr. Reddy’s Laboratories SA in 2024 (ex-US). It is used globally to support smoking cessation by helping manage nicotine withdrawal symptoms. The portfolio includes patches, gums, lozenges, and oral spray formulations, providing a range of options to meet individual consumer preferences[1].

Smoking remains one of the most significant public health challenges across the MENA region. Adult smoking prevalence varies considerably between countries, ranging from approximately 15% to over 53%, with smoking rates significantly higher among men than women across the region.[2]

According to the World Health Organization Regional Office for the Eastern Mediterranean (WHO EMRO), smoking-attributable diseases were responsible for an estimated 465,000 deaths across MENA countries in 2015, representing approximately 22% of total deaths from major diseases.[3] Smoking continues to be a leading contributor to lung cancer, cardiovascular disease, and chronic respiratory conditions, underscoring the importance of effective smoking cessation support. 

Despite the significant health burden associated with tobacco use, awareness of evidence-based cessation methods and access to proven treatment options remain limited in many markets across the region. Expanding access to clinically supported smoking cessation solutions has the potential to improve health outcomes and support regional public health priorities.

This addition enhances Hikma’s Consumer Health portfolio and supports the company’s commitment to improving access to high-quality, trusted healthcare solutions, while addressing important health needs across the region.

Mazen Darwazeh, Hikma's Executive Vice Chairman and Deputy CEO, MENA, said, “Smoking-related diseases continue to have a significant impact on individuals, families and healthcare systems across our region. Through this agreement, we are expanding access to a trusted smoking cessation brand that has helped millions of people worldwide take an important step toward quitting smoking. Nicotinell complements our growing Consumer Health portfolio and reinforces our commitment to addressing important public health challenges through greater accessibility to high-quality healthcare solutions.”

Patrick Aghanian, Head - Consumer Health Organisation at Dr. Reddy’s Laboratories, commented, “Nicotinell is a well-established global nicotine replacement therapy brand and an important part of our consumer healthcare portfolio. Through this partnership, we are bringing together Dr. Reddy's portfolio and consumer healthcare expertise with Hikma's strong commercial presence across MENA to expand access to proven smoking cessation solutions for consumers across the region in taking meaningful steps towards a smoke-free life.”

Nicotinell will be introduced across MENA markets in accordance with applicable regulatory requirements and market access timelines.

About Hikma:

 

Hikma helps put better health within reach every day for millions of people around the world. For more than 45 years, we've been creating medicines and making them accessible to the people who need them. Headquartered in the UK, we are a global company with presence across North America, the Middle East and North Africa and Europe. Together, our 9,400 colleagues are helping to shape a healthier world that enriches our communities. We are a leading licensing partner, and through our venture capital arm, are helping bring health technologies to people around the world. For more information, please visit: www.hikma.com
 

[1] Dr. Reddy’s Laboratories Limited. Completion of Acquisition of Nicotinell® and Related Brands: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Exhibit 99.1. September 30, 2024.

 

[2] Radwan, G.N. et al., "Smoking habits in the Middle East and North Africa: Results of the BREATHE study," Respiratory Medicine (2012).

 

[3] World Health Organization, Regional Office for the Eastern Mediterranean (WHO EMRO), "Cost of premature mortality attributable to smoking in the Middle East and North Africa"

 

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MBAbdallah@Hikma.com

Boomi Named a Leader and Secures Highest Score in the Strategy Category in Adaptive Process Orchestration Software Evaluation

 

CONSHOHOCKEN, Pa. - 

Boomi recognized as a Leader in evaluation of agentic process orchestration software

(BUSINESS WIRE) -- Boomi™, the data activation company for AI, today announced it has been named a Leader in The Forrester Wave™: Adaptive Process Orchestration Software, Q3 2026. The report evaluated 13 providers, and Boomi achieved the highest score in the strategy category.

According to the report, Boomi’s “above-par roadmap is driven by a strong internal innovation process that embraces partner input and customer feedback, while recent investments focus on supporting client data sovereignty and control in geographies where sovereignty matters.” The report also cites Boomi's vendor-neutral control plane for agentic automation as allowing it to extend into the process automation market, an approach reinforced by recent acquisitions, such as Lunar.dev, an AI Gateway platform.

“We’re honored to be named a Leader in this new evaluation and proud to have received the highest score in the strategy category,” said Ed Macosky, Chief Product and Technology Officer at Boomi. “We believe this recognition reflects our continued investment in an open, vendor-neutral platform that helps enterprises orchestrate agentic AI and automation with the control, visibility, and trust required for production.”

The report states: “Boomi has all the required features to adapt automated processes to demand changes rapidly and comprehensively, including LLM swapping and fine-grain data access changes.” Forrester also notes Boomi's platform provides a rich low-code development environment that includes above-par features, including DevOps integration, embedded context management, audit logging, and unified monitoring.

The Boomi Enterprise Platform provides the active data foundation for the agentic enterprise. By unifying agent design and governance, API and MCP management, integration and automation, and data management, Boomi enables organizations to orchestrate end-to-end processes across applications, data, APIs, and AI agents while maintaining vendor and model choice.

In this Forrester Wave, Boomi received the highest possible scores in six criteria: design environment, adaptivity architecture, innovation, roadmap, adoption and operate observability, control, and governance. Boomi was also named one of only four Leaders in the evaluation.

Boomi’s Key Highlights From The Forrester Wave™: Adaptive Process Orchestration Software, Q3 2026

Highest Score in Strategy category: Boomi received the highest Strategy score.

Innovation, Roadmap, and Adoption: Boomi received the highest possible scores in all three criteria.

Visibility and Governance: Forrester gave Boomi the maximum score possible in the operational observability, control, and governance criterion.

Vendor-Neutral Strategy: Forrester cites Boomi’s vendor-neutral control plane and Lunar.dev acquisition as allowing it to extend into process automation.

Rich Development Environment: The Forrester report states that Boomi’s platform provides a rich low-code development environment, with above-par features such as DevOps integration, embedded context management, audit logging, and unified monitoring.

Access the full Forrester Wave report here.

Additional Resources

Read our thoughts on Boomi’s recognition here

Explore the Boomi Enterprise Platform

Follow Boomi on X, LinkedIn, Facebook, and YouTube

About Boomi

Boomi, the data activation company for AI, powers the agentic enterprise by bringing data to life across the business. The Boomi Enterprise Platform is the active data foundation that delivers essential agentic infrastructure to drive agentic transformation. By unifying agent design and governance, API and MCP management, integration and automation, and data management into a single platform, Boomi enables organizations to harness the power of AI with secure, scalable connectivity. Trusted by over 30,000 customers and supported by a network of 800+ partners, Boomi helps organizations of all sizes achieve agility, efficiency, and innovation at scale. Discover more at boomi.com.

© 2026 Boomi, LP. Boomi, the ‘B’ logo, and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners.

Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. This report is part of a broader collection of Forrester resources, including interactive models, frameworks, tools, data, and access to analyst guidance. For more information, read about Forrester’s objectivity here.

 

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Global Corporate Communications

kristenwalker@boomi.com

Kate Mauser

Boomi Analyst Relations

kate.mauser@boomi.com

Zayed Sustainability Prize Unveils 2027 Finalists Following Record-Breaking Global Entry

 

• Record 10,233 submissions from 177 countries, up 32% year-on-year
• Finalists are delivering practical, scalable solutions across health, food, energy, water and climate action
• Prize has positively impacted more than 411 million lives worldwide

 

From AI that can predict pregnancy complications months in advance and robots that navigate water networks, to new technologies restoring degraded soil and heat-resilient corals rebuilding reefs, the Zayed Sustainability Prize has unveiled its 2027 finalists following the most competitive cycle in its history.

A record 10,233 submissions from 177 countries were received for the 2027 cycle, a 32% increase year-on-year, reflecting the growing global reach of the UAE’s pioneering award for innovative solutions to global challenges.

Following a rigorous evaluation process by the Prize Jury, finalists have been selected across six categories: Health, Food, Energy, Water, Climate Action and Global High Schools.

Together, they represent solutions already delivering measurable impact on the ground. Their work spans maternal health, food security, energy access, water scarcity, ecosystem restoration and disaster preparedness, demonstrating how practical innovation can strengthen resilience, expand access to essential services and create lasting opportunities for communities.

The winners will be announced at the Zayed Sustainability Prize Awards Ceremony on 12 January 2027, during Abu Dhabi Sustainability Week.

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize, said:

“At a time when resilience, stability and human wellbeing have never been more important, this year’s finalists remind us what is possible when perseverance and purpose come together. The finalist’s work demonstrates that the most powerful solutions are those rooted in real-world needs, breaking down barriers and delivering meaningful, measurable impact. Inspired by the enduring legacy of Sheikh Zayed, the UAE remains committed to advancing practical solutions that uphold human dignity, strengthen self-reliance and create lasting socioeconomic value for communities around the world.”

For the 2027 cycle, every finalist is guaranteed financial support, extending the Prize’s backing beyond the eventual winners and helping more high-impact solutions advance and scale.

Organisational finalists across Health, Food, Energy, Water and Climate Action will receive US $100,000 each, while Global High Schools finalists will receive US $25,000 each. Those who go on to win their category will instead receive the winner award: US $1 million for organisational categories and US $150,000 for Global High Schools.

Introduced with the 2026 cycle, the increased funding recognises both the proven impact and the potential of solutions reaching the Prize’s final evaluation stage.

H.E. Ólafur Ragnar Grímsson, Chair of the Prize Jury, said:

“The 2027 finalists demonstrate the enduring value of innovation in strengthening resilience, advancing human wellbeing and equipping communities to navigate an increasingly complex world. Their work shows that meaningful progress is built not only through technology, but through determination, local knowledge and the capacity of communities to adapt and thrive. The Prize continues to identify and support solutions that offer greater stability, opportunity and prosperity.”

Health: Reaching patients earlier

This year’s Health finalists are using artificial intelligence, community-based delivery and advanced medical technologies to expand access to healthcare, improve early diagnosis and strengthen frontline health systems.

• Elythea, an SME from the United States, uses AI to predict pregnancy complications from routine first-trimester data 6–8 months in advance, reaching over 63,000 direct beneficiaries and reducing adverse maternal outcomes in a five-country trial.
• GOAL 3, an SME from the Netherlands, combines durable bedside vital-sign monitoring with tablet-based patient records to detect deterioration earlier in children and newborns, reaching 157,000 direct beneficiaries across 48 hospitals.
• Marsi Bionics, an SME from Spain, deploys a paediatric exoskeleton with smart robotic joints that mimic muscle movement, providing personalised walking assistance to over 3,000 children through 67 devices.

Food: Building resilience from the ground up

• The Food finalists are applying advanced technologies and regenerative practices to strengthen farmer resilience, restore soil health, improve agricultural productivity and reduce waste.
• Adaptive Symbiotic Technologies, an SME from the United States, uses microbial biotechnology combining fungal endophytes and beneficial soil bacteria to help crops tolerate drought, heat, salinity and nutrient stress, treating more than 13 million acres and increasing yields by 30–200%.
• ALSEC Alimentos Secos, an SME from Colombia, uses patented biotechnology and nanotechnology in a solar-powered processing plant to convert polluting liquid whey from artisan cheese producers into protein ingredients and purified water, recovering 22.7 million litres of whey and protecting 4.3 billion litres of water.
• TOWING, an SME from Japan, produces “Soratan,” a biochar treatment enhanced with specially cultivated microorganisms that can restore soil health in around one month rather than 3–5 years, increasing yields by 20% and treating 50,000 hectares.

Energy: Expanding access and advancing storage

• The Energy finalists are improving efficiency, expanding last-mile energy access and advancing energy storage.
• Energy Assured, an SME from Nigeria, provides pay-as-you-go solar home systems, clean cookstoves and shared mobile solar irrigation pumps, reaching over 4.6 million people and 1.3 million smallholder farmers.
• Flint, an SME from Singapore, develops a rechargeable cellulose-based battery using zinc-manganese electrodes, eliminating lithium, cobalt, nickel and flammable electrolytes, with production capacity of 400,000 units per month and up to 150 tonnes of CO₂e avoided annually.
• Sustain Plus, an NPO from India, combines proven clean energy technologies with blended finance, community ownership and local delivery networks, deploying more than 34,000 decentralised solutions and reaching 2.5 million beneficiaries.

Water: Protecting every drop

The Water finalists are combining community ownership, circular treatment systems and advanced technologies to expand access to safe water and strengthen resilience in water-stressed communities.

• Fundación Aguatuya, an NPO from Bolivia, deploys decentralised modular treatment plants to convert wastewater into irrigation water, biofungicides and compost, recovering 1.08 million m³ of treated water annually for reuse.
• Rupantar, an NPO from Bangladesh, runs women-owned water enterprises using RO systems, restored ponds and rainwater harvesting, providing year-round safe water to around 450,000 people.
• Solinas, an SME from India, uses AI-equipped robotic crawlers to inspect and clean water and sewer pipes from the inside, saving up to 600,000 litres of water per day per kilometre inspected and benefiting 17 million people.

Climate Action: Restoring natural systems

The Climate Action finalists span carbon removal, climate resilience and ecosystem restoration, combining technology with approaches that strengthen natural systems and support livelihoods.

• Aquafondo, an NPO from Peru, restores ancestral water management systems including amunas, qochas and high-Andean wetlands to recharge aquifers, regulate water flows and strengthen water security across micro-watersheds, restoring more than 6,000 hectares and generating 14 million m³ of additional groundwater annually.
• Coral Gardeners, an NPO from French Polynesia, cultivates heat-resilient corals in underwater nurseries and pairs restoration with AI, sensor networks and 3D reef mapping, with more than 221,000 corals planted and 25,100 m² of reef restored.
• String Bio, an SME from India, produces CleanRise®, a methane-derived microbial biostimulant, combining rice-paddy application with gas monitoring, satellite tracking and carbon-credit sharing to cut methane emissions by up to 50% and increase yields by up to 39%.

Global High Schools: The next generation takes the lead

Across six regions, Global High Schools finalists are developing student-led, project-based solutions to sustainability challenges in their own communities.

The Americas: École Secondaire Lacombe Composite High School (Canada); Instituto Etnoeducativo Distrital Tayrona de Bunkwímake (Colombia); and Instituto Técnico Nuestra Señora de Fátima (Argentina).

Sub-Saharan Africa: Asifiwa Institute (Democratic Republic of the Congo); Oloosirkon Secondary School (Kenya); and Swami Vivekananda State Secondary School (Mauritius).

Middle East & North Africa: Applied Technology Schools, Ajman (United Arab Emirates); Inkhil Secondary School (Syria); and Rachaya High School (Lebanon).

Europe & Central Asia: Agrupamento de Escolas Gândara Mar (Portugal); General Education School No.101, Astana (Kazakhstan); and Keban Multi-Program Anatolian High School (Türkiye).

South Asia: A/Kagama Tract 09 Secondary School (Sri Lanka); Motithang Higher Secondary School, Thimphu (Bhutan); and Shree Saraswati Secondary School (Nepal).

East Asia & Pacific: Garuda Baturotok Secondary School (Indonesia); Votualevu College (Fiji); and YK Pao School (China).

The winners will be announced at the Zayed Sustainability Prize Awards Ceremony on 12 January 2027, during Abu Dhabi Sustainability Week.

Through its winners, the Zayed Sustainability Prize has positively impacted more than 411 million lives worldwide, expanding access to healthcare, nutritious food, reliable energy and safe water while supporting stronger and more resilient communities.

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A.P. Moller Capital to exit its Impala investment through sale of Powergas to Ardova Plc

 

COPENHAGEN, Denmark and LAGOS, Nigeria - Friday, 25. September 2026

 

• A.P. Moller Capital, through Impala Energy Holdings, has agreed to sell its investment in Powergas to a consortium including Ardova Plc and Diadem Energy.

• Powergas operates critical gas infrastructure in Nigeria, distributing compressed natural gas through a virtual-pipeline network to industrial and commercial customers beyond the reach of the gas pipeline network.
• During A.P. Moller Capital's ownership, Powergas Ebedei Limited progressed from development to full production, expanded distribution across southern Nigeria and increased access to reliable domestic gas, while reducing gas flaring and helping customers to replace diesel-fired power generation.
   

(GLOBE NEWSWIRE) -- A.P. Moller Capital today announced that, through its Africa Infrastructure Fund I (“AIF I”), and Impala Energy Holdings (“Impala”), it has entered into an agreement under which a consortium led by Ardova Plc (“Ardova”) and including Diadem Energy (“Diadem”) will acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited (“PEL”), together known as “Powergas”, one of Africa’s largest Compressed Natural Gas producers and virtual pipeline distributors. 

Ardova Plc is a Nigerian integrated energy and infrastructure company with a nationwide footprint across retail fuels, liquefied petroleum gas, shipping, aviation fuel, lubricants and logistics. The transaction adds a natural gas platform to Ardova’s established petroleum products and LPG businesses. 

Powergas was founded in 2013 by the Clean Energy Group, which pioneered its model of taking natural gas beyond the pipeline, supplying natural gas to industrial and power customers through compression facilities and virtual pipeline networks, enabling delivery beyond the fixed pipeline grid. Its Ebedei flare gas monetisation project, developed with investment from A.P. Moller Capital, converts otherwise flared gas into productive energy for commercial and industrial use. 

A.P. Moller Capital invested in PEL through Impala, which was AIF I’s first investment in April 2019. Working alongside local partners and management, A.P. Moller Capital supported PEL through development, construction, commissioning, and operational scale-up. PEL commenced operations in 2020 with its Ebedei compression plant commissioned in 2021, and it has since expanded distribution across South-East, South and South-West Nigeria. 

Powergas’ environmental and social impact is twofold. PEL captures gas that would otherwise be flared and supplies it to industrial and commercial customers, many of whom use it in place of diesel generators, reducing emissions both where the gas is produced and where it is used. The business has also created 175 direct jobs, and many more across its supply chain in Nigeria.

Following completion, the acquisition will combine Powergas’ gas sourcing relationships, compression infrastructure and industrial customer base with Ardova’s nationwide retail, logistics and distribution network. Ardova plans to deploy CNG infrastructure across its retail network and is targeting 100 CNG refuelling sites nationwide within 24 months, expanding access to gas for commercial fleets and motorists while supporting Nigeria’s drive to increase domestic gas utilisation. 

The enlarged platform is expected to position Ardova to become a leading domestic gas infrastructure and gas monetisation partner for upstream producers. Ardova intends to expand Powergas’ compression capacity across viable gas-producing corridors, creating firm offtake for associated and non-associated gas, supporting flare reduction and unlocking further investment across the gas value chain. Over time, Ardova intends to extend the platform into the wider West African market. 

The sale represents the next stage in Powergas’ development. Ardova, with its partner Diadem, combines Nigerian market knowledge with energy distribution and logistics capabilities, and is well positioned to build on the operational business developed during A.P. Moller Capital’s ownership.

Kim Fejfer, Managing Partner and CEO at A.P. Moller Capital, said: “This agreement is the optimal outcome for realising A.P. Moller Capital’s Impala investment and reflects our investment approach in practice. By combining capital with operational expertise, we have helped build a stronger business that supports access to reliable energy for industrial and commercial customers in Nigeria. The development of Powergas through Impala shows how our investment in essential infrastructure can support sustainable economic growth while creating long-term value for our investors.”

Sam Senbanjo, Partner at A.P. Moller Capital, said: “Since 2019, PEL has progressed from concept to a fully operational compressed-natural-gas business. Working alongside our partners, management and employees, we supported the business through development, construction, commissioning and scale-up, helping customers access domestic gas beyond the reach of the pipeline network. By turning gas that would otherwise be flared into an alternative to diesel, Powergas delivers a double benefit for emissions, while creating jobs in the region. We are proud of what has been achieved and believe Ardova and Diadem are well placed to support Powergas in its next phase of growth.”

Pulak Sen, Vice-Chairman, Powergas, said: “Powergas began in 2013 with the Clean Energy Group’s vision of taking gas beyond the pipeline, and A.P. Moller Capital’s partnership helped us scale it. We are deeply grateful to both. Ardova’s national reach and our compression backbone are a natural fit – together, we can expand into new markets and geographies and play a leading role in delivering Nigeria’s Auto-Gas vision. We are very excited about the next chapter.” 

Dr. AbdulWasiu Sowami, Executive Chairman of Ardova Plc, said: “Nigeria’s next era of energy development will be built on gas, and it will be built at scale. Powergas has built the compression backbone required to take natural gas beyond the conventional pipeline grid. Ardova brings a national distribution network, deep customer relationships and the ability to invest for the long term. Together, we intend to connect Nigeria’s abundant gas resources to industry, power and transportation, supporting President Bola Ahmed Tinubu’s Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) and the federal government’s Decade of Gas programme. Our ambition is to deliver more affordable, lower-emission energy and lower transportation costs for Nigerians, while building a gas platform with relevance far beyond Nigeria.” 

Completion of the transaction is expected around the end of 2026, subject to customary closing conditions, including receipt of required regulatory and other third-party approvals.

About A.P. Moller Capital
A.P. Moller Capital is a global institutional fund manager focused on scaling critical infrastructure businesses, particularly in transportation, logistics and energy transition. A.P. Moller Capital invests in and develops businesses that support sustainable economic growth and prosperity in its markets of operation, while striving to deliver consistent and attractive investment returns to its investors. A.P. Moller Capital, part of A.P. Moller Group, is authorised by the Danish Financial Supervisory Authority.

For more information, visit: www.apmollercapital.com

Media Contacts
John Thompson; +44 7951 060859
Jonathan Churchill; +44 7780 501171
media@apmollercapital.com

About Powergas
Powergas is a leading compressed natural gas producer and virtual pipeline operator, supplying industrial, commercial and power customers across Nigeria through compression and road-based distribution infrastructure. Founded in 2013 by the Clean Energy Group, the company operates four mother stations and a fleet of over 250 tube skids. For more information, visit: www.powergas.com

About Ardova Plc
Ardova Plc is an integrated energy infrastructure company and one of Nigeria’s foremost downstream businesses, with a heritage spanning more than six decades from its inception as BP Nigeria in 1964. Its operations span petroleum products distribution and retail, terminals, aviation fuel, LPG, lubricants, shipping, logistics and renewables.

For more information, visit: www.ardovaplc.com

About Diadem Energy
Diadem Energy is a member of Diadem Group, a Nigerian-owned energy, logistics and infrastructure enterprise based in Abuja. It builds the practical systems that get essential energy to the businesses and communities that need it. Diadem Group is also an existing virtual-pipeline logistics partner to Powergas Ebedei Limited, moving compressed natural gas by road to industrial customers beyond the reach of the pipeline grid.

For more information, visit: www.diademconsults.org

Media contacts
Ardova Plc | media@ardovaplc.com
Diadem Group | info@diademconsults.org

Further information

Diadem Energy is an existing logistics solution provider to PEL. Diadem has worked alongside Ardova in developing and executing the acquisition.

Standard Bank and FirstCap advised Ardova and Diadem Energy on the transaction. Bloomfield LP and Charis & Mettle acted as legal advisers while Andersen advised on tax, while Charis & Mettle and Bloomfield LP acted as legal advisers. Esogra Engineering provided technical advisory services. 

Citi advised Powergas, with Norton Rose Fulbright acting as legal counsel.

A.P. Moller Capital was advised by BCG (commercial), PwC (financial due diligence and tax), Haskoning (technical and ESG), Norton Rose Fulbright and Templars (legal), Saffreys (UK tax), and Citi as sell-side adviser.

NetApp Announces Intent to Acquire PEAK:AIO to Advance Scalable AI Infrastructure Architecture

 SAN JOSE, Calif. - Friday, 25. September 2026 AETOSWire  

Planned acquisition strengthens NetApp's position in the rapidly growing AI infrastructure market by bringing differentiated metadata innovation and parallel file architecture designed for AI

(BUSINESS WIRE) -- NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced its intent to acquire PEAK:AIO, a pioneer in next-generation metadata architecture and high-performance parallel file systems. The planned acquisition is expected to accelerate NetApp's AI infrastructure roadmap by augmenting metadata services and parallel namespace innovation designed to help AI clouds scale shared storage alongside growing GPU clusters.

As AI becomes embedded in every enterprise workload, organizations are confronting a new challenge: traditional storage architectures were not designed for the unprecedented scale, concurrency, and performance requirements of AI factories, AI clouds, and next-generation data-intensive applications. NetApp is building an architecture that disaggregates metadata from data and enables metadata services to scale independently, creating a foundation for AI infrastructure capable of supporting trillions of files, exabyte-scale environments, and massively parallel workloads.

The acquisition reinforces NetApp's strategy to address the rapidly growing market for AI infrastructure. By combining PEAK:AIO's specialized metadata innovations with NetApp ONTAP® software, customers will benefit from a differentiated architecture that preserves the resilience, security, and operational maturity of ONTAP while introducing a new level of scalability for AI workloads.

"AI clouds need high-performance shared storage that can scale alongside growing GPU clusters while maintaining the resilience, security, and operational simplicity organizations depend on," said George Kurian, Chief Executive Officer at NetApp. "With PEAK:AIO, we are delivering on our vision for a new generation of AI infrastructure that combines scalable metadata services with the proven foundation of ONTAP to help customers maximize infrastructure efficiency and support AI at hyperscale cloud."

PEAK:AIO’s technology originated from collaborations with leading research institutions, including Los Alamos National Laboratory and Carnegie Mellon University, and was designed to address some of the industry's most demanding data-intensive computing challenges. The planned integration will add specialized metadata services and parallel namespace innovation to NetApp's ONTAP-based data architecture, while creating a clear evolution path for existing ONTAP customers.

"NetApp and PEAK:AIO connected through the shared belief that the AI era demands a fundamentally new approach to data infrastructure," said Mark Klarzynski, Chief Technology Officer and Founder at PEAK:AIO. "What excites us most about joining NetApp is the opportunity to pair our culture of innovation with the reach, scale, and customer trust of a global leader. Together with NetApp, we have an opportunity to help shape that future and deliver technologies that make managing data at a massive scale both practical and accessible."

PEAK:AIO’s metadata innovation extends metadata scale, delivers a global namespace, and enables parallel NFS-based access for massively parallel workloads, while NetApp contributes trusted ONTAP expertise, global reach, and operational maturity to make AI-scale file infrastructure more practical and accessible. Together, they are expected to deliver new capabilities that simplify the deployment and operation of shared storage for increasingly large AI environments.

The architecture is intended to support trillions of files and multi-exabyte deployments while preserving the resiliency, security, and operational simplicity customers expect from ONTAP. Designed around the needs of large-scale AI environments, it combines scalable metadata services, standards-based parallel NFS access, and ONTAP as the resilient data foundation to help reduce data-related GPU stalls, improve infrastructure efficiency, and accelerate AI innovation.

The transaction remains subject to customary closing conditions and regulatory approvals.

"Safe Harbor" Statement Under U.S. Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the anticipated benefits of the acquisition of PEAK:AIO, including the ability to accelerate NetApp's AI infrastructure roadmap, add specialized metadata services and parallel namespace innovation to NetApp's ONTAP-based data architecture, create a clear evolution path for existing ONTAP customers, combine PEAK:AIO's specialized metadata innovations with NetApp's ONTAP software, extend metadata scale, deliver a global namespace, and enable parallel NFS-based access for massively parallel workloads, support trillions of files and multi-exabyte deployments while preserving the resiliency, security, and operational simplicity, deliver new capabilities that simplify the deployment and operation of shared storage for increasingly large AI environments; our business, economic and market outlook; our overall future prospects; demand for our AI solutions and other offerings; and our ability to deliver increasing results and value for our stakeholders. These and other important factors are described in reports and documents we file from time to time with the Securities and Exchange Commission, including the factors described under the sections titled "Risk Factors" in our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q. All statements made in this release are made only as of the date set forth at the beginning of this release. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.

Statement of Product Direction

This press release discusses NetApp's vision for future innovation, including the anticipated alignment and integration of PEAK:AIO’s technology with NetApp’s portfolio. This information is shared solely for informational purposes and should not be relied upon in making purchasing decisions. NetApp makes no commitment and has no obligation to develop or deliver any products, services, integrations, or any related features, material, code or functionality described herein, including any capabilities resulting from the acquisition of PEAK:AIO. The development, release and timing of any features or functionality for NetApp products and services, including those offering PEAK:AIO’s technology, remains at the sole discretion of NetApp. NetApp's strategy and possible future developments, product and platform directions, and functionality, including plans related to PEAK:AIO's technology, are all subject to change without notice. We disclaim any obligation to update information contained in this press release whether as a result of new information, future events, or otherwise.

About NetApp

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

About PEAK:AIO

PEAK:AIO is a Manchester UK-based software-defined AI storage company. Its platform delivers high-performance AI storage from a single server to exabytes on any industry-standard hardware. PEAK:AIO is deployed at Los Alamos National Laboratory, NHS AIDE, Oxford Robotics Institute, Carnegie Mellon University, University of Liverpool, University of Strathclyde MediForge Hub, and Zoological Society of London. Learn more at https://peakaio.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260925256928/en/

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Contacts

Media Contact:

Kenya Hayes

NetApp

kenya.hayes@netapp.com

Investor Contact:

Kris Newton

NetApp

kris.newton@netapp.com