GLOBAL BUSINESS: Azimut net inflows total EUR938 million in August
The following is a round-up of updates by global companies, issued on Tuesday and not separately reported by Alliance News:
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Azimut Holding Spa - Milan-based asset manager - Records total net inflows of EUR938 million in August, bringing total net inflows since the start of the year to EUR10.2 billion. This drives total assets to EUR159.4 billion as of the end of August, up 13% year-to-date. Chief Executive and Financial Officer Alessandro Zambotti says: "We maintained excellent commercial momentum in August with EUR938 million in new net inflows. Crossing the EUR10 billion mark in just eight months proves our distribution strength and ability to execute across different geographies and asset classes. During the month, we achieved significant milestones. These include a sukuk mandate exceeding USD400 million from a prominent institutional investor in Saudi Arabia and the successful closing of a nearly USD100 million data center fund in Brazil by AZ Quest. These alternative and institutional wins remain key drivers of our growth. They more than offset the ongoing public market outflows in Brazil due to local market dynamics, as well as a scheduled annual redemption from a Mexican pension fund. As in previous years, the fund will reinvest the proceeds from participant contributions over the coming months. Furthermore, our strategic affiliates in the US and Australia continued their organic expansion across their respective markets. We enter the final phase of the year in an exceptionally strong position, with total assets reaching EUR159.4 billion, up 13% since the start of the year."
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Nebius Group NV - Amsterdam-based AI infrastructure company and Palantir Technologies Inc - Miami, Florida-based data analytics company - Partner to bring Nebius's AI-native compute infrastructure and cloud platform to Palantir's commercial customers. Palantir names Nebius its preferred sovereign AI infrastructure partner and will bring Nebius compute and inference endpoints inside the Palantir enterprise perimeter. Says this enables "eligible customers of Palantir to access Nebius's cloud and inference infrastructure and thereby giving them control over their compute, data, and models." The companies will also work to accelerate deployment of new compute capacity to serve Palantir customers, including through modular data-center deployments at sites where power is already available, Palantir says. Eligible Palantir customers will be able to deploy open models on Nebius infrastructure and "continually adapt them using their own data for their specific domain," it adds. Alex Karp, CEO of Palantir, says: "Nebius' compute infrastructure powers your ability to run your own AI models under conditions you control. Our ontology and their infrastructure will undergird the sovereignty our partners are demanding."
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TeamViewer AG - Provider of remote access and remote control computer software - Says it has completed a series of refinancing transactions to "strengthen its debt maturity profile and secure financial flexibility for the coming years." This includes placing a EUR125 million Schuldschein loan across four-, five- and six-year maturities. Says orders exceed the final placement volume. Additionally, draws down the remaining notional of its new EUR40 million bilateral facility backed by the European Investment Bank. The proceeds are to repay the bridge facility that financed TeamViewer's acquisition of 1E. In parallel, extends EUR150 million of its revolving credit facility from 2029 to 2031. Chief Financial Officer Michael Wilkens says: "The successful completion of these refinancing measures reflects the confidence of our financing partners and investors in TeamViewer. By extending maturities, diversifying our sources of funding and fully repaying the acquisition bridge facility, we have further strengthened our balance sheet and increased financial flexibility to support our long-term growth strategy."
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ABB Ltd - Zurich, Switzerland-based electrification and automation company - Signs memorandum of understanding with Rolls-Royce SMR, a nuclear power company developing small modular reactor technology. The parties plan to explore collaboration opportunities around Rolls-Royce's plan to develop a fleet of 470-megawatt modular reactors. ABB says it will explore "how its automation, electrification, instrumentation and communication solutions across its three business areas can enable the SMR projects to scale."
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Automatic Data Processing Inc - Roseland, New Jersey-based payroll processing company and Amazon.com Inc - Bellevue, Washington-based ecommerce and cloud computing company - ADP affirms Amazon Web Services as its strategic cloud provider. The companies also announce an expanded partnership, focusing on ADP AI agents and ADP's ADP Lyric human capital management platform. "The expanded partnership helps organizations navigate increasing [human capital management, complexity with confidence. The partnership builds on years of collaboration between the two companies, including ADP's recent work with the AWS Generative AI Innovation Center, a global team of strategists and scientists that helps companies design, build, and launch generative and agentic AI solutions," ADP says.
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Accenture PLC - Dublin-based technology consulting company - Names Emma Chalwin as chief marketing officer, effective October 1. She held the same role at Workday Inc, prior to which she held senior marketing leadership roles at Salesforce, Adobe, McAfee and Macrovision. "I am delighted to welcome Emma to Accenture," said Julie Sweet, chair and CEO. "Emma is a proven growth leader who understands how to turn breakthrough technologies into compelling client value and commercial impact. As Accenture leads in the reinvention of business through AI, her ability to connect brand, demand and sales will help us bring our innovation and the measurable results we deliver for clients to more organizations around the world."
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