Phoenix stories

Blackpearl Group has raised NZD $15.1m in an oversubscribed placement ahead of its planned dual listing on the ASX next month, signalling strong investor confidence.

Blackpearl's annual recurring revenue rose 70% to USD $12.5 million, as it targets US SME growth and aims for USD $50 million ARR with new AI tools.

Black Pearl Group has appointed Max Polaczuk as Vice President of Artificial Intelligence, signalling a major shift towards an AI-centric business strategy.

Semarchy has unveiled a new integration with Snowflake, providing seamless access to its Master Data Management Platform within the Snowflake ecosystem.

Keap has launched the Ultimate Automator Award to honour small businesses for their innovative use of automation, with prizes including a Jeep or USD $20K.

STACK Infrastructure has raised an additional USD $3 billion in green financing to advance sustainable development projects in the U.S., supporting eco-friendly expansion.

Canva has acquired Leonardo.AI, a cutting-edge AI content platform, to boost its design tools, enhancing capabilities for over 190 million users.

Blackpearl Group has launched Pearl Diver, an AI tool designed to help businesses adapt to the impending cookie-less environment in Chrome.

Blackpearl Group's ARR surged by 177% to NZD $7.4 million in FY24, largely due to the success of its AI-driven platform, Pearl Diver, which contributed NZD $4.9 million.

Garena, part of Sea Limited, has acquired Canadian game studio Phoenix Labs to boost its global game development capabilities and market reach.

HP continues its acquisition spree, buying Phoenix's virtualisation products for USD $12 million in cash. The deal completes by month's end.