Fraud protection company Feedzai, which was founded in Portugal and set up an office in Atlanta in 2016, is set to double its headcount locally to 60 by early next year. Feedzai offers machine learning capabilities that help financial institutions and payment platforms detect and prevent fraud. It prides itself on providing an open platform Read more
Briefs
Novelis Extends Asia Reach With $2.6B Aluminum Deal
Atlanta aluminum giant Novelis Inc. has extended its reach in Asia with an agreement to buy Aleris Corp., a Cleveland-based competitor, for $2.6 billion. Upon closing in sometime in 2019, the company will be folded into Novelis to create a $15 billion aluminum conglomerate, still headquartered in Atlanta, where Novelis’ Indian parent company, Aditya Birla Group, has already Read more
ABB Completes GE Unit Acquisition, Deepening Swiss Presence in Atlanta
Swiss electrification giant ABB Inc. on June 30 closed a $2.6 billion deal to buy GE Industrial Solutions, reportedly with plans to keep the unit’s headquarters in Atlanta. The company sees the acquisition as a strategic move to undergird its strengths in power generation globally and deepen its presence in the North American market. For Atlanta, the Read more
South African Fintech Firm Picks Atlanta for North American Headquarters
Entersekt, a financial technology firm based in South Africa, has opened a new North American headquarters in Sandy Springs following its success landing major customers in the metro Atlanta area. The company uses the capabilities of a consumer’s mobile device within apps to help with authentication — the process of making sure the person initiating a payment Read more
GMS Becomes Latest Georgia Firm in Major Canada Deal
Tucker, Ga.-based GMS Inc., a supplier of gypsum wall board, has completed a $627 million acquisition of a Toronto-based competitor. The closing of the previously announced deal to acquire WSB Titan creates consolidated North American wall board distributor with about $3 billion in revenues and 240 branches in 42 states and five Canadian provinces. GMS Read more
Volantio Lands New India Airline Partner
Volantio, the Atlanta-based startup whose software helps airlines better serve passengers and boost revenue, has landed a new partner in India. IndiGo, the country’s largest airline, has become the fifth airline partner for Volantio’s Yana platform, which helps airlines manage overbooking by targeting specialized offers at passengers more likely to give up their seats. Volantio calls Read more
Winning HQ of Groupe PSA Shows Atlanta’s Blend of Tech, Auto Strength
The maker of Peugeot, Citroen, Opel and other brands announced Tuesday that it would open a new North American headquarters in Atlanta by February, adding Europe’s second largest car maker to the city’s list of prestigious foreign nameplates. But according to the French company, this isn’t your traditional auto announcement; it’s in part a technology play, a gradual Read more
BitPay’s $30M Raise Will Help Fuel Asia Expansion
BitPay, the Atlanta-based fintech company that bridges merchants and cryptocurrencies, has raised a $30 million Series B round that will fuel its expansion into Asia and into new avenues like supply-chain payments. The investment was led by Aquiline Technology Growth, based in New York. The fund was drawn to the company’s rapid revenue growth and Read more
AGCO Celebrates Big 2017 With Global Holiday Greeting
One of Atlanta’s Fortune 500 giants is leaving little doubt about its international inclinations this holiday season. AGCO Corp., which sells farm equipment under a variety of brands including the iconic Massey Ferguson mark, released a video greeting card with salutations in multiple languages, celebrating its employees and footprint across the globe, from the Americas to Read more
Coke Makes BIG Leadership Changes as Irial Finan Retires
Coca-Cola Co.’s Bottling Investment Group, or BIG, has announced a major a leadership change as Ireland native Iriel Finan prepares for retirement Dec. 31. Mr. Finan is stepping down as president and from his position as executive vice president of Coca-Cola Co. BIG makes long-term, strategic investments to keep bottlers engaged in the Coke system, Read more
