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Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students

DUBAI, UAE, April 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be actively supporting the SuiHub-AUS program in launching the Blockathon 2025: AI for Decentralized Autonomy – a nationwide hackathon designed to empower students to lead the next wave of AI and blockchain innovation through Agent2Agent technologies. Additional ecosystem partners include Ghaf Capital.

Applications are now open to all full-time university students across the UAE, offering a unique opportunity to explore how AI-powered Agent2Agent transactions can enable seamless, autonomous interactions within decentralized systems and real-world environments.

Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students
Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students

The initiative features two expert-led workshops, technical mentoring, and culminates in a live pitch competition at Basecamp Dubai. Participants will gain hands-on experience in blockchain development, go-to-market strategies, and direct access to industry leaders and tools shaping the future of Web3.

Teams will compete to build creative, original solutions. All registered participants will attend a series of workshops, with top shortlisted teams advancing to deliver final pitches at Sui Basecamp.

Hackathon Schedule:

  • April 11, 2025: Workshop 1 – Introduction to the Move Language
  • April 16, 2025: Workshop 2 – Go-to-Market Strategy
  • April 17, 2025: Hackathon Kick-off
  • May 2, 2025: Final Demo Day (10:00 AM1:00 PM)

Participants will benefit from:

  • Internship opportunities at Bybit, SuiHub, and Ghaf Capital
  • Mentorship and technical support
  • Access to SuiHub blockchain tools and developer infrastructure
  • Exposure to VC and startup ecosystems in the UAE

“Bybit is proud to stand at the intersection of education, innovation, and real-world application,” said Michelle D, UAE Country Manager at Bybit. “We believe Blockathon 2025 is a powerful platform to empower young minds and accelerate the adoption of AI and blockchain across the UAE.”

“The 2025 Blockathon marks a pivotal step in preparing the next generation for the era of decentralized autonomy. In collaboration with SuiHub, and with Bybit and Ghaf Labs as ecosystem partners, AUS is proud to create a launchpad where students gain hands-on experience in AI and blockchain innovation that truly matters,” commented Dr. Imran Zualkernan, Professor and Head of Computer Science and Engineering at the AUS.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

About SuiHub

SuiHub is a premier blockchain innovation hub specializing in ecosystem development and offering both acceleration and youth programs. Powered by the SUI Network, SuiHub offers cutting-edge resources and expertise to enable startups and enterprises to harness the full potential of blockchain technology. With a global footprint and a deep commitment to fostering innovation, SuiHub bridges the gap between visionary ideas and real-world impact.

About AUS

American University of Sharjah was founded in 1997 by His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council of the United Arab Emirates and Ruler of Sharjah. Sheikh Sultan articulated his vision of a distinctive institution against the backdrop of Islamic history and in the context of the aspirations and needs of contemporary society in the UAE and the Gulf region.

Firmly grounded in principles of meritocracy and with a strong reputation for academic excellence, AUS has come to represent the very best in teaching and research, accredited internationally and recognized by employers the world over for creating graduates equipped with the knowledge, skills and drive to lead in the 21st century.

AUS values learners not driven only by academic success, but by those that embrace our dynamic campus life and embody our ideals of openness, tolerance and respect. This combination of academic excellence and community spirit ensures AUS is filled with world-class faculty and students, poised to become the innovators, thinkers, contributors and leaders of tomorrow.

For more information, please visit the website.
For media inquiries, please contact mediaoffice@aus.edu

viaim’s NoteKit AI Voice Recorder Poised to Transform North American Classrooms, Boosting Educator Efficiency

NEW YORK, April 9, 2025 /PRNewswire/ — viaim, an AI hardware company specializing in smart office solutions, is preparing for the official North American launch of its NoteKit AI voice recorder, which impressed visitors at CES 2025 in January. The device features AI-powered real-time transcription and task management technology designed to improve workplace efficiency. More than just a recording tool, NoteKit serves as a “second brain” for educators, enhancing knowledge transfer and clarifying learning objectives. Colleges and universities already using NoteKit to support paperless teaching are also contributing to energy conservation and emissions reduction.

Modern North American university teachers and students juggle multiple responsibilities daily, with classes occupying most of their time. Without efficient sorting and summarizing tools, after-class productivity and efficiency decline. Essentially an AI Office Assistant for desktop computers, NoteKit helps streamline coursework, significantly improving teaching and learning outcomes. It has 15-language transcription and translation capabilities and supports mainstream online meeting applications such as Zoom, Teams, and Google Meet. On-site recordings are a breeze with an impressive audio pickup range of five meters. NoteKit feels equally at home on Windows and MacOS machines, and can plug-and-play with just one simple click.

Dr. Emily, a chemistry professor at the University of California, Berkeley, was an early test user of NoteKit. In a class on “Application of Molecular Dynamics in New Energy Materials,” she used NoteKit for classroom recording and real-time transcription. She plugged the device into the classroom computer and switched on “classroom mode.” The lecture was recorded in real time, and the text was transcribed. Viaim’s AI then highlighted key sections, automatically identifying “formula derivation,” “case discussion” and “after-class tasks,” marking them in different colors. NoteKit broke down each concept and generated a to-do list, helping students efficiently complete assignments and research discussions after class.

VIAIM
VIAIM

Dr. Emily commented: “NoteKit has completely changed the way I manage my classroom. It used to take two hours to organize the key points of the course, but now it only takes five minutes to generate a to-do list. Students have told me that the tasks have never been so clear,” adding, “NoteKit is not only a tool, but also a promoter of educational equity.”

Five minutes after Dr. Emily’s class, NoteKit generated the following:

Summary: (core theory) A comparison of applicable scenarios of the three major molecular dynamics simulation methods (DFT, MD, MC). (Application case) Simulation optimization path of lithium-ion battery electrode materials.

Student to-do list: 1. Read Journal of Materials Science Article X (focus: DFT calculation steps) 2. Group task: Use open source software to reproduce the simulation process of Case 1 (3-person group, submission before Friday). 3. Preview the next class: Fundamentals of Quantum Mechanics (Chapter 5 of the textbook).

Progress tracking: Students need to check the completed items in the NoteKit App. This allowed Dr. Emily to view overall progress of the class in real time.

Unlock Learning Potential with NoteKit in this April

NoteKit empowers teachers and students to learn more efficiently, allowing for more free time. From April 22 to 26, enjoy an exclusive 5% discount on your NoteKit purchase, bringing the price down to just $84.55. Don’t miss this opportunity to enhance your learning experience and take immediate action with NoteKit—your ‘acceleration button’ for reading!

For more info, please visit https://store.viaim.ai

Not Just a Sporting Event, but Also a Technological Test: Insights into the World’s First Human-Robot Co-Run Marathon


BEIJING, CHINA – Media OutReach Newswire – 9 April 2025 – A scene even science fiction has yet to depict—humans and humanoid robots running side by side in a half-marathon — will become reality on ​April 13 in Beijing E-Town. Every spring, marathons sprout across China like bamboo shoots after rain. In Beijing, the world’s only “Dual Olympic City” and a global hub for science and innovation, the ​2025 Beijing E-Town Half-Marathon and Humanoid Robot Half-Marathon, scheduled for ​April 13, will pioneer a “sports + technology” format. For the first time, humanoid robots will register alongside human runners, start simultaneously, and share the 21.0975-kilometer course in an unprecedented fusion of innovation.

The humanoid robot "Tiangong" made its debut at the Beijing E-Town Half-Marathon in November 2024.
The humanoid robot “Tiangong” made its debut at the Beijing E-Town Half-Marathon in November 2024.

Li Quan, Member of the Party Working Committee and Deputy Director of the Administrative Committee of Beijing E-Town, revealed that the event has already attracted over ​30,000 human applicants. On the robotics front, global humanoid robot companies, research institutes, robotics clubs, universities, and other innovators have shown immense enthusiasm, with registration numbers soaring.

Notably, to ensure safety, ​physical barriers will separate human and robot runners, with distinct race rules and completion time standards. Yet this groundbreaking human-robot collaboration undeniably signals a bold leap for “technology stepping into reality.”

During a visit to training facilities, reporters observed teams racing against time to upgrade robotic components and intelligence levels, tackling technical challenges to enhance mobility. Some competing robots now reach a ​top speed of 12 km/h. To mitigate the physical strain of road running, some models have added shock-absorbing mechanisms, while others wear customized running shoes.

Liang Liang, Deputy Director of the Beijing E-Town Administrative Committee, explained that as the event is a ​global first with no prior experience or data to reference, both logistics and participants face significant hurdles. To support the robots, organizers have deployed dedicated support vehicles and robotic aid stations. Additionally, they are working closely with each team to refine technology, troubleshoot functions, and achieve developmental goals through pre-race collaboration.

At the ​2024 Paris Olympics, artificial intelligence revolutionized real-time data monitoring, 3D motion capture, and referee decision-making—boosting athlete training efficiency and competitive fairness while showcasing how technology elevates life’s value.

The upcoming human-robot “half-marathon” collaboration represents a ​new frontier where the humanoid robotics industry intersects with humanity, sports, and endurance challenges. Industry experts note that half-marathons strike an ideal balance between “challenge and accessibility”: the event’s low entry barrier contrasts with its rigorous test of physical stamina and mental resilience, culminating in profound personal achievement. By completing the same course, humanoid robots aim to validate industrial progress and refine human-centric technologies.

“This isn’t just a sports competition—it’s a ​stress test for technological breakthroughs and industrial growth,” asserted Xiong Youjun, CEO of the Beijing Humanoid Robot Innovation Center.

A participating robotics executive stated that “marathon-running robots” could accelerate technical maturity, spur industry standards, and drive innovation. On one front, the effort pushes upgrades in high-torque motors, flexible joints, and wear-resistant materials. On another, running’s demand for full-body coordination forces tighter integration of hardware-software systems and deeper partnerships between manufacturers and AI algorithm firms.

These advances promise to unlock ​transformative applications: deploying humanoid robots in disaster relief, long-range inspections, hazardous operations, smart manufacturing, and even elderly home care. As capabilities grow, such robots could also serve as AI training partners for elite athletes, “giving back” to sports development.

Industry experts emphasize that humanoid robots—comprising thousands of components—still face significant hurdles in maintaining stable, prolonged running.

Xiong Youjun explained, “Real-world road conditions differ vastly from lab environments.” To complete the race, robots require ​high-density integrated joints and bodies capable of enduring long distances with efficient heat dissipation. Second, precise coordination of all joints is critical for running, positioning, and dynamic obstacle avoidance—a test of core algorithm development and adaptability. Third, the marathon’s demands on stability, reliability, and battery life are immense, with slopes, turns, and uneven terrain pushing machine performance to its limits.

Humanoid robot "Tiangong," developed by the National-Local Joint Embodied Intelligence Robotics Innovation Center, demonstrates its running capabilities at the Beijing Robotics Industrial Park (E-Town) on February 24.
Humanoid robot “Tiangong,” developed by the National-Local Joint Embodied Intelligence Robotics Innovation Center, demonstrates its running capabilities at the Beijing Robotics Industrial Park (E-Town) on February 24.

Given ​persistent technical challenges requiring breakthroughs in industrial development, alongside the disruptive impact of complex outdoor environments on robotic operations, current capabilities allow robots to run alongside humans but not truly compete with them. Thus, this event functions more as an ​industry dialogue and a ​robotic stress test than a traditional race.

For human participants and spectators, sharing the track with robots offers sensory thrills and intellectual expansion. These benefits are concrete: the “constructive interplay” between technology and society clarifies the boundaries of human-robot collaboration, reinforces the principle of “technology for humanity,” and accelerates the shift from ​coexistence to ​co-prosperity.

“As the essence of this event, humanoid robots ‘running marathons’ symbolize humanity’s imagination and dreams in motion—that’s the ultimate highlight,” said Li Quan. “Regardless of rankings or speed, the footprints left by these robots at the finish line hold greater value than any medal. The 21-kilometer course will end, but our quest for human-robot synergy never will.”

Hashtag: #ShangE-Town

The issuer is solely responsible for the content of this announcement.

EQT, Hg and TA-owned IFS valued at EUR 15 billion in minority stake sale, following investment from Hg, ADIA and CPP Investments

  • Hg increases its stake in enterprise software provider IFS and becomes co-control shareholder alongside EQT, while existing minority shareholder TA Associates remains invested.
  • New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”)
  • IFS continues to perform strongly, having recently surpassed EUR 1 billion in ARR while growing by more than 30% year-on-year.

STOCKHOLM, April 9, 2025 /PRNewswire/ — IFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has achieved a valuation of over EUR 15 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”). Hg and the new investors are acquiring shares in IFS from EQT, which is selling through its EQT VIII and EQT IX funds, as well as from TA and other minority investors.

The transaction follows many successful years of growth for IFS, delivering more than EUR 1 billion in ARR (“annual recurring revenue”) last year. Total revenue for 2024 was over EUR 1.2 billion, with some of the world’s largest industrial companies choosing IFS over legacy vendors. Demand for IFS’s industrial AI capabilities has increased significantly over the past 12 months as organizations across IFS’s focus industries of Aerospace & Defence, Engineering & Construction, Energy & Utilities, Manufacturing, Telco and Service, continue to realise the rapid and transformative value that IFS.ai delivers. IFS will continue to expand its capabilities with the industrial application of generative and agentic AI, so that customers can automate workflows, improve efficiency and deliver amazing moments of service to their own customers.

Over the past year, IFS added 350 new customers including Exelon who adopted IFS to streamline asset maintenance across its energy grid, Rolls-Royce who is using IFS to transform service delivery of its Power Systems business, and Total Energies who is deploying IFS as the single platform for management and servicing of its global operated asset portfolio. Moreover, an increasing number of large businesses are moving to IFS which is reflected in the average deal size of IFS’s largest customers increasing by 64% year-on-year.

Mark Moffat, CEO of IFS, said: “IFS’s success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers. We have a differentiated proposition that continues to drive momentum in the industrial setting, specifically with the agentic and generative capabilities of IFS.ai, which enables us to be the technology of choice for the businesses that service, power and protect our planet.” Moffat continued: “The investment and continued commitment from Hg, EQT and TA will help IFS further accelerate our journey to be the undisputed category leader of Industrial Software.”

Johannes Reichel, Partner and Co-Head of Technology in the EQT Private Equity advisory team, added: “EQT’s relationship with IFS started in 2015 and it has been remarkable to see the company’s growth since then. Starting as a software vendor focused on Northern Europe, IFS has become a global provider of enterprise solutions while embracing the power of AI for the benefit of its industrial clients. It’s a prime example of EQT’s ability to ‘run with the winners’, where we partner with management teams over the long-term to scale regional players into global champions. We are excited to work alongside Hg to continue supporting IFS through this next phase.”

Nic Humphries, Senior Partner and Head of the Saturn funds at Hg, commented: “With 20 years’ experience investing in software, we recognise exceptional businesses when we see them. Our increased investment in IFS reflects our conviction in their long-term vision and strong execution, which enables their customers’ digital transformation.” Jonathan Wulkan, Partner at Hg, added: “Since our initial partnership in 2022 alongside EQT, Mark and the team have not only delivered impressive and consistent growth but have emerged as a global leader in Industrial AI – translating the promise of AI into practical solutions that drive efficiency and sustainability for essential industries, with significant potential for continued growth.”

Naveen Wadhera, Managing Director at TA, commented: “IFS’s exceptional leadership, strong execution, and transformative AI capabilities are redefining what’s possible in enterprise software. We remain confident in the company’s vision and are excited to be part of its continued journey.”

The transaction is subject to customary regulatory approvals and is expected to complete end of Q2 2025. IFS and selling shareholders were advised by Arma Partners and White & Case, EQT was also advised by Evercore, and Hg was advised by Morgan Stanley & Co. plc and Skadden.

Contact
EQT Press Office, press@eqtpartners.com

Hg
Tom Eckersley, tom.eckersley@hgcapital.com 
Sam Ferris, sam.ferris@hgcapital.com

TA
Maggie Benoit, mbenoit@ta.com

IFS
EUROPE / MEA / APJ: Adam Gillbe, adam.gillbe@ifs.com 
NORTH AMERICA / LATAM: Mairi Morgan, mairi.morgan@ifs.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt–hg-and-ta-owned-ifs-valued-at-eur-15-billion-in-minority-stake-sale–following-investment-from-,c4133272

The following files are available for download:

https://mb.cision.com/Main/87/4133272/3378631.pdf

PR_EQT, Hg and TA-owned IFS valued at EUR 15 billion_09.04.25

https://news.cision.com/eqt/i/ifs,c3397176

IFS

 

Massimo Group CFO, Dr. Yunhao Chen, to Speak as Guest Panelist at the SEC’s 44th Annual Small Business Forum

Dr. Yunhao Chen will join SEC Commissioners and other thought leaders in the annual forum focused on financial reporting and capital raising policies affecting small businesses.

GARLAND, Texas, April 9, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO) (“Massimo” or the “Company”), a manufacturer and distributor of powersports vehicles and pontoon boats, today announces that Dr. Yunhao Chen, the Chief Financial Officer of Massimo, will participate in a panel discussion on Thursday, April 10, 2025, at the Securities and Exchange Commission’s 44th Annual Government-Business Forum on Small Business Capital Formation.

Dr. Chen will be featured in a 3:30 p.m. ET panel discussion titled, “Small Cap Playbook: Entering and Advancing in the Public Market Arena.” Dr. Chen will be joined by moderator Sebastian Gomez Abero, Acting Deputy Director of the SEC’s Division of Corporation Finance, and co-panelist David Lynn, a securities attorney at the law firm Goodwin Procter LLP.

Held at the SEC Headquarters in Washington D.C. from 1 p.m.5:30 p.m. ET, the forum will include appearances by SEC Commissioners and discussions with thought leaders from across the small business ecosystem on capital raising by early- to late-stage private companies and smaller public companies. Organized by the Office of the Advocate for Small Business Capital Formation, the forum brings members of the public and private sectors together to collaborate and provide suggestions to improve policy affecting how entrepreneurs, small businesses, and smaller public companies raise investment capital.

Prior to joining Massimo Group as its CFO, Dr. Chen led another Nasdaq-listed company through its IPO process, raised over $80 million, oversaw the company’s financial reporting, accounting investor relations and capital markets functions. She holds a Ph.D. in accounting, an MBA in finance, has taught at several universities, presented and published research results in accounting and finance journals, and has served on the boards of several public companies.

The SEC’s Small Business Forum, which was hosted virtually from 2020-2024, returns to an in-person format while also continuing to allow for virtual attendance so individuals unable to attend can participate. Registration information and a full agenda is available on SEC.gov.

About Massimo Group

Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV’s, off-road, and on-road vehicles in the industry. The company’s product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style minibikes. Founded in 2020, Massimo Marine manufactures and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf carts and pontoon boats, all of which are currently available for sale. The company’s 376,000-square-foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com .

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” “continue,” “contemplate,” “plan,” and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under “Risk Factors” in filings with the SEC made by Massimo. Moreover, Massimo operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000
Editor@InvestorBrandNetwork.com

IFS Attracts EUR 15 billion Valuation as Demand for Industrial AI Soars

  • Hg increases its stake in enterprise software provider IFS and becomes co-control shareholder alongside EQT, while existing minority shareholder TA Associates remains invested
  • New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”)
  • IFS continues to perform strongly, having recently surpassed EUR 1 billion in ARR while growing by more than 30% year-on-year

STOCKHOLM and LONDON, April 9, 2025 /PRNewswire/ — IFS, a leading provider of cloud enterprise software and Industrial AI applications, announces it has achieved a valuation of over EUR 15 billion following a significant pivot to AI-driven growth. The valuation comes as Hg increases its stake to become a co-control shareholder alongside EQT, with TA Associates (“TA”) remaining as minority shareholder. New minority shareholders also include a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Canada Pension Plan Investment Board (“CPP Investments”). Hg and the new investors are acquiring shares in IFS from EQT, which is selling through its EQT VIII and EQT IX funds, as well as from TA and other minority investors.

The transaction follows many successful years of growth for IFS, delivering more than EUR 1 billion in ARR (“annual recurring revenue”) last year. Total revenue for 2024 was over EUR 1.2 billion, with some of the world’s largest industrial companies choosing IFS over legacy vendors. Demand for IFS’s industrial AI capabilities has increased significantly over the past 12 months as organizations across IFS’s focus industries of Aerospace & Defense, Engineering & Construction, Energy & Utilities, Manufacturing, Telco and Service, continue to realize the rapid and transformative value that IFS.ai delivers. IFS will continue to expand its capabilities with the industrial application of generative and agentic AI, so that customers can automate workflows, improve efficiency and deliver amazing moments of service to their own customers.

Over the past year, IFS added 350 new customers including Exelon who adopted IFS to streamline asset maintenance across its energy grid, Rolls-Royce who is using IFS to transform service delivery of its Power Systems business, and Total Energies who is deploying IFS as the single platform for management and servicing of its global operated asset portfolio. Moreover, an increasing number of large businesses are moving to IFS which is reflected in the average deal size of IFS’s largest customers increasing by 64% year-on-year.

Mark Moffat, CEO of IFS, said:
“IFS’s success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers. We have a differentiated proposition that continues to drive momentum in the industrial setting, specifically with the agentic and generative capabilities of IFS.ai, which enables us to be the technology of choice for the businesses that service, power and protect our planet.” Moffat continued: “The investment and continued commitment from Hg, EQT and TA will help IFS further accelerate our journey to be the undisputed category leader of Industrial Software.”

Johannes Reichel, Partner and Co-Head of Technology in the EQT Private Equity advisory team, added:
“EQT’s relationship with IFS started in 2015 and it has been remarkable to see the company’s growth since then. Starting as a software vendor focused on Northern Europe, IFS has become a global provider of enterprise solutions while embracing the power of AI for the benefit of its industrial clients. It’s a prime example of EQT’s ability to “run with the winners”, where we partner with management teams over the long-term to scale regional players into global champions. We are excited to work alongside Hg to continue supporting IFS through this next phase.”

Nic Humphries, Senior Partner and Head of the Saturn funds at Hg, commented:
“With 20 years’ experience investing in software, we recognise exceptional businesses when we see them. Our increased investment in IFS reflects our conviction in their long-term vision and strong execution, which enables their customers’ digital transformation.” Jonathan Wulkan, Partner at Hg, added: “Since our initial partnership in 2022 alongside EQT, Mark and the team have not only delivered impressive and consistent growth but have emerged as a global leader in Industrial AI – translating the promise of AI into practical solutions that drive efficiency and sustainability for essential industries, with significant potential for continued growth.”

Naveen Wadhera, Managing Director at TA, commented:
“IFS’s exceptional leadership, strong execution, and transformative AI capabilities are redefining what’s possible in enterprise software. We remain confident in the company’s vision and are excited to be part of its continued journey.”

The transaction is subject to customary regulatory approvals and is expected to complete end of Q2 2025. IFS and selling shareholders were advised by Arma Partners and White & Case, EQT was also advised by Evercore, and Hg was advised by Morgan Stanley & Co. plc and Skadden.

For further information, please contact:

EQT
press@eqtpartners.com

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

TA
Maggie Benoit, mbenoit@ta.com

IFS
EUROPE / MEA / APJ: Adam Gillbe, adam.gillbe@ifs.com
NORTH AMERICA / LATAM: Mairi Morgan, mairi.morgan@ifs.com

About EQT

EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, YouTube and Instagram

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ifs/r/ifs-attracts-eur-15-billion-valuation-as-demand-for-industrial-ai-soars,c4133488

The following files are available for download:

 

SUPCON’s AI-Powered Full-stack Industrial Automation Solutions Shine at Hannover Messe 2025

HANNOVER, Germany, April 9, 2025 /PRNewswire/ — From March 31 to April 4, — the world’s leading trade fair for industrial technology — was held at the Hannover Exhibition and Trade Center in Germany. Under the theme “Energizing a Sustainable Industry,” the event attracted nearly 127,000 professional visitors from 150 countries and over 4,000 exhibiting companies from all over the world. As a global pioneer in industrial AI, SUPCON showcased its disruptive innovations and proven applications in the process industry, drawing strong attention from industry leaders worldwide.

SUPCON Expands Global Collaboration Through AI Solutions

Throughout the exhibition, SUPCON’s booth stood out as a major attraction at the event. Notable visitors included representatives from leading international organizations such as the Singapore Economic Development Board (EDB), LG Group, ARC Advisory Group, and Bank of America. SUPCON’s expert team engaged in in-depth discussions with global partners on AI-driven intelligent manufacturing solutions, real-world deployment of AI technologies, and industrial ecosystem collaboration. These exchanges led to multiple strategic cooperation intentions, further reinforcing SUPCON’s global technology ecosystem and highlighting the international competitiveness of SUPCON’s solutions.

Full-stack Solution in Focus

SUPCON's Full-stack Industrial Automation Portfolio
SUPCON’s Full-stack Industrial Automation Portfolio

SUPCON’s exhibition booth covered a total area of 36 square meters and featured a high-tech-density, modular layout. The space comprehensively showcased core products and solutions, including UCS, TPT, REMOTE I/O+DCS, SIS+PLC, ROBOTICS, and Analyzers modules. Each section was equipped with informative panels and interactive displays, offering a systematic presentation of SUPCON’s technological capabilities and innovation in full-stack industrial automation.

Under the theme of AI-powered Full-stack Industrial Automation, SUPCON unveiled five flagship solutions that form a complete industrial automation stack—from data sensing and intelligent control to system-level decision-making:

UCS (Universal Control System): leverages a data center, all-optical deterministic networks, and intelligent devices to establish a new “cloud-network-edge” minimalistic architecture, addressing the three major challenges of control systems in the AI era: data, computing power, and algorithms. It features Software-defined, Total Digitalized, and Cloud-based characteristics. UCS is driving the industry’s transition to “AI-driven autonomous operation,” accelerating the evolution of smart manufacturing.

TPT (Time-series Pre-trained Transformer): An industrial-grade generative AI model trained on massive amounts of industrial data, empowering equipment to perform expert-level autonomous reasoning and optimization. It has achieved breakthrough applications in multiple units across the chlor-alkali, thermal power, and petrochemical sectors, driving significant improvements in efficiency, productivity, quality, and safety.

The PLANTBOT robotic solution: A purpose-built collaborative robotics ecosystem for segmented scenarios in the process industry. It enables intelligent automation for equipment inspection and supply chain optimization, redefining safety in industrial operations.

SOLISCADA: A high-performance SCADA platform software enabling large-scale real-time data acquisition, analysis, and visualization. Deployed in sectors like oil & gas, pharmaceuticals, energy, and manufacturing, it boosts efficiency and safety in industrial operations.

Hobré Intelligent Gas Analyzer: Delivers real-time, high-precision, and stable gas analysis to optimize energy efficiency and reduce emissions, making it a vital tool for industrial intelligence and process optimization.

Global Expansion for a Sustainable Industrial Future

This exhibition launches a new initiative in SUPCON’s internationalization strategy. At Hannover Messe 2025, SUPCON’s Full Stack Industrial Automation Solutions—powered by AI technologies such as UCS and TPT—drew significant global attention. Related press coverage during the event was syndicated by major international outlets, including the Associated Press, underscoring the worldwide appeal of SUPCON’s industrial AI innovations.

Looking ahead, SUPCON will continue to increase its R&D investment in industrial AI, strengthen collaboration with global clients and partners, and further advance technical cooperation worldwide — aiming to support global industrial digital transformation and generate measurable value for customers through cutting-edge AI technologies.

Financial Release: JOY GROUP Achieves 36% Revenue Growth to Reach US$483M in 2024 with Growth from Multi Beauty Categories

SHANGHAI, April 9, 2025 /PRNewswire/ — JOY GROUP (Shanghai Juyi Cosmetics Co., Ltd.) has announced its financial results for the 2024 fiscal year, achieving total sales exceeding US$580M (RMB 4.2B), and annual revenue reaching US$483M (RMB 3.5B), representing a year-on-year growth of 36%. JOY GROUP has consistently delivered double-digit growth while maintaining healthy profitability.

Products of JOY GROUP
Products of JOY GROUP

In 2024, JOY GROUP delivered significant growth across multiple beauty categories. Within makeup category, JOY has become the No.1 domestic company in market share in China. JUDYDOLL is the No.1 makeup brands in China in terms of sales volume. The brand surpassed US$345M (RMB 2.5B) in annual retail sales, marking a 23% year-on-year increase.

In haircare category, JOY GROUP has taken over full operations of René Furterer, a prestige French haircare brand founded in 1957, in China since January 1, 2024. The brand achieved strong growth in the first year of operation, most notably a 72% revenue surge in the second half, backed by JOY’s local insights and market execution.

The company continues to strengthen its omnichannel strategy. In addition to its ecommerce operation with direct-to-consumer approach, it operates 80+ standalone brand boutiques for all three brands in China, and a presence in over 15,000 retail outlets.

Allan Liu, Chairman & CEO of JOY GROUP, stated: “In 2024, we successfully expanded from makeup into haircare, and from mass to premium markets. The 2024 result strongly validates our multi-brand strategy across categories and price segments. Moving forward, we will continue to expand our brand portfolio through strategic initiatives including M&A efforts and incubation. We believe the portfolio strategy would fuel the long-term growth of JOY. “

Building on JOY’s domestic success in China, the Group remains committed to its globalization strategy. In 2024, JOY GROUP’s overseas business grew by over 400%, expanding its reach to 30+ countries through ecommerce and retail.

JOY GROUP is a multi-brand beauty company on a mission to “Create a world of beauty that brings joy to everyone.” The Group’s portfolio includes JUDYDOLL, JOOCYEE, and René Furterer (China operations), covering various beauty sectors, including makeup and haircare. In recognition of its strong market performance, JOY was once again listed in the esteemed WWD Beauty Inc. Top 100 in 2024, ranking 70th.

To learn more about JOY GROUP, visit www.joy-group.com