Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield to Acquire Air Lease Corporation in 100% Cash Transaction

 NEW YORK & DUBLIN & TOKYO - Tuesday, 02. September 2025

Leading investors with a long-term strategic focus deliver transformational transaction for the aircraft leasing sector

Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield have reached a definitive agreement to acquire Air Lease Corporation through a newly established entity, Sumisho Air Lease Corporation (Ireland) DAC

Air Lease will be renamed Sumisho Air Lease Corporation (“Sumisho Air Lease”) and its orderbook is expected to transfer to SMBC Aviation Capital as part of the transaction; SMBC Aviation Capital will act as a servicer to Sumisho Air Lease’s portfolio

Apollo and Brookfield to provide capital to support the acquisition, joining Sumitomo Corporation and SMBC Aviation Capital as aligned investors

Sumisho Air Lease will be optimally positioned to capitalise on airline and investor demand in a supply constrained environment

Sumisho Air Lease is expected to be an investment-grade rated aircraft lessor with a globally diverse group of airline customers and portfolio of new technology aircraft

 

(BUSINESS WIRE)--Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds (“Apollo”) and Brookfield, today announced that they have reached a definitive agreement to acquire Air Lease Corporation (“Air Lease”), a leading aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger with a portfolio primarily comprised of new technology aircraft. Upon closing, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and Brookfield have agreed to provide capital to support the transaction.

Under the terms of the agreement, Air Lease common stockholders will receive $65.00 per share in cash, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. The cash consideration represents a 7% premium over Air Lease’s all-time high closing stock price on August 28, 2025, a 14% premium over the volume weighted average share price during the 30 trading day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12 months' trading day period ended August 29, 2025.

Sumisho Air Lease’s position as an established aircraft lessor and SMBC Aviation Capital’s industry-leading capabilities bring scale and financial strength to address the fast-evolving and increasingly complex needs of airline customers. Sumisho Air Lease will further benefit from the Sumitomo Corporation and SMBC Aviation Capital’s deep expertise in, and long-standing commitments to, the aviation leasing sector.

Takao Kusaka, Group CEO, Transportation & Construction Systems Group of Sumitomo Corporation, said:

“We are honoured to have reached this significant agreement together with SMBC Aviation Capital, Apollo and Brookfield.

“Through this transaction, we will achieve greater scale and profitability, positioning the Sumitomo Corporation Group’s aircraft leasing business as one of the largest globally in terms of owned and managed aircraft through Sumisho Air Lease’s highly attractive portfolio centered on new tech aircraft.

“This will further strengthen our industry standing and enhance our competitive advantage. Sumisho Air Lease will be a core part of the Sumitomo Corporation Group’s wider investments in the aviation sphere. Sumisho Air Lease’s inclusion within the shareholder eco-system provides an opportunity to create powerful new synergy.”

Peter Barrett, Chief Executive Officer of SMBC Aviation Capital, said:

“This transaction is transformational for our business and the leasing landscape. Investing in Sumisho Air Lease, purchasing their orderbook and becoming servicer to the substantial majority of Sumisho Air Lease’s portfolio will enable us to deploy our financial scale and strength to meet the evolving needs of our customers and take a strategic lead in reshaping our sector.

“In our sector, economies of scale matter. Our industry is evolving at pace and requires significant and diverse pools of capital so that our airline and investor customers can be provided with the products and services they need.

“As one of the most well-regarded leasing platforms, with a portfolio focused on liquid, in demand, new tech aircraft, Air Lease presents an attractive opportunity for the co-investors.”

Jamshid Ehsani, Partner, Apollo, said:

“Apollo’s partnership with SMBC Aviation Capital and Sumitomo Corporation is a testament to our core principle of delivering tailor made, scaled and innovative capital solutions to corporations. This important industry transaction highlights the flexibility of the Apollo’s long-term insurance capital and our creative approach to high-grade capital solutions. Apollo has a distinguished and established track record in aviation investing, led by our industry experts at Perseus Aviation, and we are pleased to deliver the full strength of the Apollo ecosystem to the success of this transaction.”

Craig Noble, CEO of Brookfield Credit, said:

“We are pleased to partner with SMBC Aviation Capital and Sumitomo Corporation in this landmark transaction, which highlights Brookfield’s ability to provide hybrid solutions in an environment with a growing need for private capital. By combining our credit expertise, industry insight, and large-scale capital with the strengths of our strategic partner manager, Castlelake—a leader in aviation investing—this transaction demonstrates the value of flexibility and scale in today’s market.”

Additional Transaction Details

SMBC, Citi, and Goldman Sachs Bank USA have provided $12.1 billion of committed financing in connection with the transaction.

Sumisho Air Lease is expected to receive investment grade ratings from S&P, Fitch and Kroll.

The Board of Directors of Air Lease has unanimously approved the agreement. The transaction is subject to customary closing conditions, including approval by Air Lease’s common stockholders and receipt of certain regulatory approvals, and is expected to close in the first half of 2026. Air Lease’s directors and certain executive officers have agreed to vote the shares of common stock held by them in favour of the transaction.

Advisors

Citigroup Global Markets Limited and Goldman Sachs International are acting as financial advisors to SMBC Aviation Capital. Davis Polk & Wardwell LLP and McCann Fitzgerald are acting as legal advisors to SMBC Aviation Capital. Goldman Sachs Japan and Citigroup Global Markets Japan are acting as financial advisors to Sumitomo Corporation. Norton Rose Fulbright is acting as legal advisor to Sumitomo Corporation. Milbank LLP is acting as legal advisor to Apollo and Brookfield.

Notes to editors

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 127 offices in 64 countries and regions. The Sumitomo Corporation Group consists of approximately 500 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation.

About SMBC Aviation Capital

SMBC Aviation Capital is a leading aircraft lessor globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management. Brookfield invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Brookfield Credit manages approximately $332 billion of assets globally as of August 6, 2025, focused on a broad range of private credit investment strategies, including infrastructure, renewables, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial direct investment platform which has been developed over several decades, alongside Brookfield’s strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, Brookfield Credit delivers flexible, specialized capital solutions to borrowers, and seeks to achieve attractive risk-adjusted returns for our clients. For more information, please visit our website at www.bam.brookfield.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902113347/en/

Permalink

https://www.aetoswire.com/en/news/2092025487322

Contacts

For more information, please contact:

SMBC Aviation Capital

Conor Irwin, SVP Communications (for media) - +353 87 381 6106

Mark Allen, Head of Corporate Finance (for investors) - +353 87 226 3622

FGS Global (for SMBC Aviation Capital) - SMBCAviation-LON@fgsglobal.com

Richard Webster-Smith - +44 7796 708551

Rory King - +44 7917 086 227

For Sumitomo Corporation

Corporate Communications Department

Contact Us | Sumitomo Corporation

For Apollo

Noah Gunn, Global Head of Investor Relations

+1 (212) 822-0540

IR@apollo.com

Joanna Rose, Global Head of Corporate Communications

+1 (212) 822-0491

Communications@apollo.com

For Brookfield

Rachel Wood, Vice President, Communications

+1 (212) 618-3490

Rachel.wood@brookfield.com

 

Mobileum and NOHOLD Launch Strategic AI Alliance to Transform Telecom Data Monetization and Redefine Telecom Ecosystems

  CUPERTINO, Calif. - Tuesday, 02. September 2025 AETOSWire 

(BUSINESS WIRE) -- Mobileum Inc. (“Mobileum”), a leading global provider of analytics and network solutions, and NOHOLD, a pioneer in AI-powered automation solutions, today announced the formation of a strategic alliance to redefine AI enablement across the telecom industry. This partnership marks a major step forward in building a scalable AI ecosystem that seamlessly blends into multi-vendor telecom operations, empowering operators to unlock the full value of their data.

As telcos race to modernize operations and monetize growing volumes of customer and network data, the Mobileum-NOHOLD alliance aims to simplify and accelerate AI adoption by communication service providers across increasingly complex environments. The joint initiative will deliver seamless AI-powered support solutions capable of ingesting and interpreting data from heterogeneous systems, enabling better alignment between customer needs and the reality of modern network services, analytics platforms, and 5G infrastructure.

“As telecom ecosystems become more complex, delivering fast, effective support has never been more critical. This alliance brings AI to the forefront of the telecom experience, helping providers resolve issues more intelligently and efficiently while reducing complexity for both customers and internal teams. We are excited to partner with Mobileum and deliver meaningful value to the industry together,” said Diego Ventura, CEO and Founder at NOHOLD.

A Unified Framework for Intelligent, Multi-Vendor Collaboration

At the core of the alliance is a shared AI framework that connects telecom providers, technology partners, and sales and support leaders. This framework enables interoperability between AI assistants across vendors and systems, resolving long-standing support challenges that arise when multiple vendors are involved in delivering a discrete solution. It provides deeper insights into users’ needs and opportunities to continuously improve their experience. Whether it’s a mobile operator supporting an enterprise IoT deployment or seeking to develop a personalized customer journey, this AI ecosystem delivers context-aware, cross-domain support by connecting network insights with customer-facing services, without requiring the development of in-house bespoke solutions. This approach is especially critical in telecom environments where multiple technology providers must coordinate to deliver a unified experience.

“Mobileum has been a driver of telecom innovation for the last 25 years,” said Miguel Caramés, Chief Product Officer at Mobileum. “We see Generative AI and Intelligent Agents as the next frontier, not just for automation, but for creating entirely new revenue opportunities from telecom data. This alliance with NOHOLD allows us to bring this vision to market with agility, scale, and impact.”

Enabling the Next Wave of Telecom Data Monetization

The alliance will equip telecom operators with the tools to:

Leverage Mobileum’s experience and expertise in interoperability and integration across different technology stacks, multi-vendor solutions and complex global solutions that work across operator boundaries

Monetize data by embedding AI-driven insights into enterprise services

Deploy AI assistants that scale across consumer and B2B segments

Accelerate resolution and upsell opportunities through intelligent support automation

Unify data silos across vendors, systems and domains for holistic decision making

This alliance will lay the foundation for a telecom-native AI ecosystem, one that goes beyond cost efficiency to unlock new value streams through personalized, data-driven services for enterprises and subscribers.

Mobileum and NOHOLD invite other telecom and tech leaders to join the alliance and shape the future of scalable, intelligent support and automation across the telecom industry.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers rely on its Active Intelligence platform, which provides advanced analytics solutions, allowing customers to connect deep network and operational intelligence with real-time actions that increase revenue, improve customer experience, and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Australia, Germany, Greece, India, Japan, Portugal, Singapore, UK, and United Arab Emirates. Learn more at www.mobileum.com

About NOHOLD

NOHOLD, Inc. is a Silicon Valley–based pioneer of enterprise-grade AI, delivering interactive and diagnostic virtual assistants via its award‑winning SICURA® platform. Since its founding in 1999, the company has partnered with Fortune 500 organizations worldwide—spanning financial services, healthcare, HR, education, and more—to streamline customer and employee experiences, reduce reliance on traditional call centers, and drive measurable ROI through intelligent automation. Backed by four granted patents and annual SOC 2 Type II / HIPAA compliance audits, NOHOLD has built over 1,400 AI Assistants that deliver secure, scalable self‑service, handling sensitive data with enterprise-grade trust. With two decades of expertise and a global footprint, the NOHOLD AI Alliance™ continues empowering enterprises to elevate digital service experiences through responsible, next‑generation AI. More information can be found at www.nohold.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902358556/en/

Permalink

https://www.aetoswire.com/en/news/0209202548711

Contacts

For more information or to express interest in joining the alliance, please contact:

QUEXOR GROUP INC.

Cheryl Fritz | cfritz@quexor.com | Mob.: +1 (703) 856-5932

Media and Corporate Communications – Mobileum

Sandra Almeida | sandra.almeida@mobileum.com | Mob.: +351 939650229

 

Merck Appoints David Weinreich as New Global Head of R&D and Chief Medical Officer for Healthcare Business Sector

 DARMSTADT, Germany 

Not intended for Canada-, UK- or US-based media

(BUSINESS WIRE)--Merck, a leading science and technology company, today announced the appointment of David Weinreich, MD, MBA, as Global Head of R&D and Chief Medical Officer for its Healthcare business sector.

Weinreich is a highly-regarded biopharma leader with extensive experience and a proven track record in R&D. He has successfully led the development of 15 approved drugs worldwide across various therapeutic areas over his more than 20-year career. In addition, Weinreich has founded multiple companies and served as a venture capitalist, board member, and biotech CEO. Weinreich joins Merck from Foresite Labs & Foresite Capital Management LLC, where he served as an Operating Partner and Senior Advisor. His previous experience includes: Executive Vice President, Head, Global Clinical Development at Regeneron; Corporate Senior Vice President, Head, Global Development Specialty Medicine at Bayer; and Executive Medical Director, Global Product Area Leader (Angiogenesis) at Amgen.

“Scientific innovation is the engine that drives everything we do to transform patient care,” said Danny Bar Zohar, MD, Member of the Executive Board of Merck, and CEO Healthcare. “In David, we have a leader with a unique combination of deep scientific expertise, immense experience in drug development and successfully bringing drugs to the finish line, and global perspective—along with the clarity and boldness to shape a next-generation R&D strategy. His appointment marks an exciting step forward as we work to bring more medicines to more patients, faster.”

As Global Head of R&D and Chief Medical Officer, Weinreich will lead Research and Development for the Healthcare business sector of Merck, including Medical Affairs. Weinreich brings to Merck an exceptional record of success in leading early-stage and late-stage development, with leadership responsibility in achieving approvals across the globe for multiple therapies and indications. He has extensive experience in shaping R&D strategies that deliver meaningful value to patients and drive sustainable growth for future innovation investments. He also has effectively managed large and complex pipelines and global R&D teams.

“Joining Merck at such a pivotal moment in its growth journey offers a rare opportunity to lead scientific innovation with the potential to have a profound impact on patients’ lives,” said Dr. Weinreich. “This is an organization with a strong legacy, deep scientific capabilities, and a clear commitment to delivering meaningful value where it’s needed most. I look forward to working with teams around the world to advance a clear R&D strategy grounded in urgency, collaboration, and purpose.”

Weinreich will be based in Billerica, Massachusetts at the company’s Research and Development site.

About Merck

Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2024, Merck generated sales of € 21.2 billion in 65 countries.

Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.

All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250828978289/en/

Permalink

https://www.aetoswire.com/en/news/2092025487411

Contacts

Media Relations

gangolf.schrimpf@merckgroup.com

Phone: +49 151 1454-9591

Investor Relations

investor.relations@merckgroup.com

Phone: +49 6151 72-3321

 

MSP Sports Capital Confirms Sale of its Holdings in McLaren Racing to McLaren Group Limited

 (BUSINESS WIRE) -- As announced earlier today, McLaren Group Limited has completed the purchase of MSP Sports Capital’s equity interest in McLaren Racing, including its Formula 1 Team.

The transaction will enable Bahrain Mumtalakat Holding Company and CYVN Holding, an advanced mobility operator and investment vehicle based in Abu Dhabi, to increase their share and assume full ownership of the iconic British motor racing business.

Mumtalakat will continue as majority shareholder with CYVN Holdings owning a non-controlling stake.

MSP’s investment came at a pivotal moment in the business, providing vital capital that contributed to the company’s efforts in stabilizing business operations during the COVID-19 pandemic, funding infrastructure upgrades, and retaining and recruiting world-class talent. Over the last five years, with the support received from its shareholders, McLaren has returned to the front of the Formula 1 grid, rebuilt its competitiveness across multiple racing series, and enhanced its long term commercial strength.

Jahm Najafi, Partner and Chairman, MSP Sports Capital, said: “Formula One has transformed into a global media and entertainment platform thanks in no small part to the vision of savvy team owners like McLaren Group Limited, who have demonstrated time and again, year after year, the ability to drive innovation, performance, and results in a sport we believe has no equal in terms of its long-term economic potential. We are honored to have been able to work with Mumtalakat and the McLaren team and we look forward to staying involved in this incredible sport as active supporters.”

Jeff Moorad, Partner and CEO, MSP Sports Capital, said: “As long-time sports industry veterans and owners across global leagues and franchises, Jahm and I have seen firsthand what it takes to rebuild iconic brands and position teams for sustained success. When we invested in McLaren Racing, our goal was to bring that same experience, capital, and commitment to help restore one of motorsport’s most legendary brands. We are proud to have played a role along with our partners in strengthening McLaren’s foundations — its leadership, infrastructure, and competitive edge—and to see the team once again fighting for championships. With ownership now consolidated in Bahrain and Abu Dhabi, McLaren is poised for an even brighter future, and we look forward to cheering on Zak Brown, Andrea Stella, Lando Norris, Oscar Piastri, and the rest of the team. We also would like to thank our friends at UBS O’Connor and Ares Capital Management, who along with a handful of family offices, came along with us for this incredible journey.”

With this transaction, MSP Sports Capital will no longer hold an equity interest in McLaren Racing. Najafi, currently Vice Chairman of the McLaren Racing board of directors, and Moorad both will vacate their McLaren Racing board seats.

Financial terms of the transaction are confidential and will not be disclosed.

About MSP Sports Capital Partners

Founded in 2019 by Jahm Najafi and Jeff Moorad, MSP Sports Capital Partners is a New York-based private investment firm that makes equity and credit investments across the global sports ecosystem. The firm prioritizes controlling and influential stakes in teams, leagues, and adjacent sports-related businesses. Current investments include a controlling interest in the X Games and the forthcoming X Games League and holdings in European football clubs including Estoril Praia (Portugal), AD Alcorcón (Spain), SK Beveren (Belgium), FC Augsburg (Germany) and Brøndby IF (Denmark). The firm also made a 2023 investment in the Premier League’s Everton F.C. that it successfully exited in the summer of 2024.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902953570/en/

Permalink

https://www.aetoswire.com/en/news/0209202548746

Contacts

Jim Hughes, CEO, TrailRunner International

Maddie Kraft, Director, TrailRunner International

MSPSportsCapital@trailrunnerint.com

 

Amazon Launches Infrastructure Region in New Zealand

AWS Asia Pacific (New Zealand) Region gives customers more choice to run workloads and securely store their content in New Zealand while serving end users with even lower latency

Amazon plans to invest more than NZ$7.5 billion and support an average of more than 1,000 full-time equivalent jobs annually in New Zealand, adding approximately NZ$10.8 billion to New Zealand’s GDP

Active AWS customers in New Zealand include AMP New Zealand, Kiwibank, Ministry of Transport, New Zealand Post, One New Zealand, TVNZ, University of Auckland, Wellington City Council, Xero, and more

 

(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today announced the launch of the AWS Asia Pacific (New Zealand) Region. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as financial services, retail, education, government, and nonprofit organizations, greater choice for running their applications and serving end users from data centers located in New Zealand. As part of its long-term commitment, Amazon is planning to invest more than NZ$7.5 billion in New Zealand to support the construction, connection, operation, and maintenance of its data centers in the country. For more information about AWS Global Infrastructure, visit aws.amazon.com/about-aws/global-infrastructure.

"The new AWS Region in New Zealand will help serve the growing demand for cloud services across the country and empower organizations of all sizes to accelerate their digital transformation," said Prasad Kalyanaraman, vice president of Infrastructure Services at AWS. "With this launch, businesses can now leverage advanced AWS technologies, from core cloud capabilities to artificial intelligence and machine learning, all while meeting local data residency requirements. By investing in New Zealand's digital infrastructure, we're proud to support the country's economic growth, foster innovation, and help position it as a technology hub in the Asia Pacific region."

“The launch of the AWS Region in New Zealand is an exciting moment. This investment in digital infrastructure and Amazon’s commitment to digital skills can accelerate New Zealand technology businesses and help New Zealanders to move into highly skilled, secure, and well-paid technology jobs—which exist right across the economy, from tech companies to various sectors including agriculture, finance, retail, professional services, government, and many more,” said Graeme Muller, CEO at NZTech.

• The AWS Asia Pacific (New Zealand) Region consists of three Availability Zones at launch, giving AWS 120 Availability Zones across 38 AWS Regions globally.
• With today’s announcement, AWS has plans for 10 more Availability Zones and three more AWS Regions in Chile, the Kingdom of Saudi Arabia, and the AWS European Sovereign Cloud.
• The AWS Region in New Zealand is sovereign-by-design, just as the AWS cloud has been since day one.
• AWS offers the broadest and deepest portfolio of services, including analytics, compute, content delivery, database, generative AI, machine learning, networking, storage, and other cloud technologies.
• To support the growth in cloud adoption across Asia Pacific, Amazon continues to invest in upskilling students, local developers and technical professionals, nontechnical professionals, and the next generation of IT leaders in New Zealand through offerings like AWS Academy, AWS Educate, and AWS Skill Builder. Through a Memorandum of Understanding (MoU) with the New Zealand government, Amazon has committed to train 100,000 people in New Zealand in cloud skills and has already provided training to more than 50,000 individuals. As part of its commitment to contribute to the development of digital skills, AWS will hire and develop additional local personnel to operate and support the new AWS Region in New Zealand.
• Organizations in New Zealand that choose AWS to run their workloads include AMP New Zealand, AsureQuality, Contact Energy, Education Perfect, Foodstuffs South Island, Halter, Kiwibank, MATTR, Mercury NZ, Les Mills, Ministry of Transport, Mitre 10 New Zealand, New Zealand Post, One New Zealand, Sharesies, Steel & Tube Holdings, Toitū Te Whenua Land Information New Zealand, TradeMe, TVNZ, University of Auckland, Vector, Wellington City Council, Xero, and more.
• AWS Partners in New Zealand include Accenture, Arcanum, CustomD, CyberCX, Datacom, Deloitte, The Instillery, Lancom, MongoDB, Westcon-Comstor, and more. For the full list of AWS Partners, visit aws.amazon.com/partners.
• Amazon is committed to becoming a more sustainable business and reaching net-zero carbon across its operations by 2040 as part of The Climate Pledge. Amazon co-founded The Climate Pledge and became its first signatory in 2019.
• The AWS Asia Pacific (New Zealand) Region will be underpinned by renewable energy from day one, supported by a long-term project with Mercury NZ for the Turitea South wind farm. This project supports the development of new renewable energy capacity in New Zealand and advances Amazon’s sustainability goals. The partnership with Mercury NZ, an AWS customer, demonstrates how digitalization and decarbonization can advance together to support a sustainable future for New Zealand.

Amazon investment in New Zealand

The AWS Asia Pacific (New Zealand) Region is the latest Amazon investment in New Zealand to provide customers with advanced and secure cloud technologies.

• In 2016, AWS enhanced New Zealand’s connectivity to the global AWS network by establishing diverse, high-capacity subsea cable connections, improving network reliability and performance for customers.
• In 2020, AWS launched two Amazon CloudFront edge locations in Auckland. Amazon CloudFront is a highly secure and programmable content delivery network that accelerates the delivery of data, videos, applications, and APIs to users worldwide with low latency and high transfer speeds.
• In 2023, AWS established an AWS Direct Connect location in Auckland, allowing customers to establish private connectivity between AWS and their data center, office, or colocation environment.
• In 2023, AWS expanded its infrastructure footprint in New Zealand with the launch of an AWS Local Zones location in Auckland. AWS Local Zones are a type of AWS infrastructure deployment that places compute, storage, database, and other select services closer to large populations, industry, and IT centers, enabling customers to deliver applications that require single-digit millisecond latency to end users.
• Amazon estimates the ongoing operation of the new AWS Region will add approximately NZ$10.8 billion to New Zealand’s gross domestic product (GDP) and support an average of more than 1,000 full-time equivalent jobs, including facility maintenance, engineering, telecommunications, and others, at external businesses annually.

Secure, reliable, and energy-efficient cloud infrastructure

AWS Regions consist of Availability Zones that place infrastructure in separate and distinct geographic locations. Availability Zones are located far enough from each other to support customers’ business continuity, but near enough to provide low latency for high availability applications that use multiple Availability Zones. Each Availability Zone has independent power, cooling, and physical security, and is connected through redundant, ultra-low-latency networks. AWS customers focused on high availability can design their applications to run in multiple Availability Zones to achieve even greater fault tolerance.

AWS is constantly working on ways to increase the energy efficiency of its data centers—optimizing data center design, investing in purpose-built chips, and innovating with new cooling technologies. A report by Accenture, commissioned by AWS, estimates AWS infrastructure is up to 4.1 times more efficient than on-premises, and when workloads are optimized on AWS, the associated carbon footprint can be reduced by up to 99%. For more information about AWS sustainability efforts, visit aws.amazon.com/about-aws/sustainability.

The AWS Asia Pacific (New Zealand) Region will enable customers with data residency preferences or requirements to store their content securely in New Zealand, enable customers to achieve even lower latency, and serve demand for cloud services across Asia Pacific. Customers from startups to enterprises to government organizations and nonprofits will be able to use advanced technologies from the world’s leading cloud provider to drive innovation, reduce costs, and accelerate transformation.

About Amazon Web Services

Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 120 Availability Zones within 38 geographic regions, with announced plans for 10 more Availability Zones and three more AWS Regions in Chile, the Kingdom of Saudi Arabia, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250829537963/en/

Permalink
https://aetoswire.com/en/news/2092025487077

Contacts

Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr

SS&C Technologies To Acquire Curo Fund Services

 

WINDSOR, Conn. - 

The acquisition will grow SS&C’s fund administration business in South Africa

(BUSINESS WIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed.

Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees will join SS&C in Cape Town following the close of the transaction. Curo Fund Services already leverages several of SS&C’s fund accounting and asset servicing technologies.

The transaction will not affect Curo’s existing client administration arrangements. SS&C’s global scale and expertise will enable enhanced solutions and improved service delivery. All parties are committed to ensuring a seamless transition.

“Curo brings deep client relationships and a proven service track record,” said Bill Stone, Chairman and CEO, SS&C. “Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region’s insurers, asset managers and institutional investors.”

Independently owned by SS&C, Curo will join the Global Investor & Distribution Solutions (GIDS) group led by Nick Wright. This independence provides South African clients with access to a globally scaled technology and services provider, offering enhanced neutrality, innovation, and flexibility. Coupled with SS&C’s automation, data, and operational expertise, Curo is positioned to expand its fund administration offerings, grow market share, and accelerate growth across South Africa and the African continent.

“We are proud to be joining the SS&C family,” said Lionel Vice, CEO of Curo Fund Services. “This partnership allows us to accelerate our innovation journey and offer a more robust and comprehensive suite of solutions to our clients while continuing to grow our business. SS&C’s global expertise, commitment to service excellence, and focus on developing the local market align strongly with Curo’s purpose and vision.”

About Curo

Curo Fund Services is a South African-based fund administrator servicing more than R 3 trillion in assets on behalf of a wide range of financial services clients. With deep industry expertise and a strong record of operational delivery, Curo provides asset managers, investment platforms, and institutional investors with comprehensive fund accounting, investor administration, and regulatory reporting services.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

Follow SS&C on X, LinkedIn and Facebook.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902955343/en/

Permalink

https://www.aetoswire.com/en/news/0209202548726

Contacts

For more information

Brian Schell

Chief Financial Officer

SS&C Technologies

Tel: +1-816-642-0915

E-mail: InvestorRelations@sscinc.com

Justine Stone

Investor Relations

SS&C Technologies

Tel: +1-212-367-4705

E-mail: InvestorRelations@sscinc.com

Media Contacts

Sam Gentile

Tel : +1-646-818-9195

E-mail : pro-SSC@prosek.com

The Open Group Launches the Industrial Advanced Nuclear™ Consortium

 (BUSINESS WIRE)--The Open Group, the vendor-neutral technology and standards organization, today announced the formation of the Industrial Advanced Nuclear™ Consortium (IANC).

The Consortium Members will collaborate to enable integrated advanced nuclear heat and power solutions to serve industrial customer needs. Through standardization of interfaces and sourcing terminology and adopting risk-appropriate design practices, the Consortium will deliver open standard framework and business guidelines to encourage competition, lower costs, decrease regulatory risks, and reduce schedule uncertainties. The benefit to the industrial end-users will be diversification of their energy sources with reliable, safe, and carbon-free heat and power.

“There is an urgent need to better leverage nuclear energy to address the application of heat and power solutions. We believe that an open architecture approach can enable cost effective solutions that can be replicated to drive this adoption,” said Steve Nunn, President and CEO of The Open Group. “By bringing together large industrial end users and the supplier community, we can draw on the huge amount of industry expertise in project delivery, reduce cost and schedule uncertainty, and effectively deliver nuclear projects that serve the needs of the industry.”

“The Nuclear Regulatory Commission looks forward to engaging with the Industrial Advanced Nuclear Consortium to embed appropriate nuclear safety concepts in their standardization work and better understand their business needs and plans,” said Mike King, the NRC’s acting Executive Director for Operations. “IANC's input should inform the NRC’s efforts to modernize our regulatory framework, enable innovation, and ensure the safe and timely deployment of advanced nuclear technologies.”

The Consortium will address the business needs through several near-term activities. These include aggregating and amplifying the demand signal for nuclear deployment in industrial applications, compiling use cases and industrial user requirements, and generating the applicable technical standards and business process guides to stimulate the nuclear ecosystem to address industrial user needs.

Working together with technology providers, Engineering, Procurement, Construction (EPC) companies, and the wider industry, the Consortium plans to advocate for aligning and streamlining nuclear regulatory approval and permitting processes with industrial facility project timelines, collaborate across the nuclear ecosystem to standardize interfaces between nuclear and industrial facilities, and promote business models for the delivery of nuclear generated heat and power to reduce costs and improve schedules.

To learn more about the Consortium and membership, click here.

About The Open Group:

The Open Group is a global consortium that enables the achievement of business objectives through technology standards and open source initiatives by fostering a culture of collaboration, inclusivity, and mutual respect among our diverse group of 900+ Memberships. Our Membership includes customers, systems and solutions suppliers, tool vendors, integrators, academics, and consultants across multiple industries. More information on The Open Group can be found at www.opengroup.org.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250902229163/en/

Permalink

https://www.aetoswire.com/en/news/2092025487400

Contacts

Media Contact:

Monika Boudova

Hotwire for The Open Group

UKOpengroup@hotwirepr.com