Bentley Systems, Incorporated, a leading global provider of software solutions for infrastructure engineering, recently announced exceptional financial results for the fourth quarter and the entire year of 2024. The company saw substantial revenue growth and expressed an optimistic outlook for
In a noteworthy development for the reinsurance landscape, AM Best recently affirmed the Credit Ratings for Ocean International Reinsurance Company Limited (Ocean Re). This affirmation maintained Ocean Re’s Financial Strength Rating at A- (Excellent) and its Long-Term Issuer Credit Rating at "a-"
In the fourth quarter of 2024, Louisiana-Pacific Corporation (LP) demonstrated robust financial performance despite mixed results across its business segments. The fourth quarter saw LP's Siding segment experience a notable 9% increase in net sales, reaching $362 million, while the Oriented Strand
The sector of financial technologies or 'fintech', which more than a decade ago was only an experimental segment of the economy, over the recent years has shown consistently high rates of growth due to the general tendencies of the digitalization of society’s needs. The current market size of
Galaxy Asset Management has achieved a significant milestone, with its assets under management (AUM) skyrocketing to over $10 billion, a substantial 24.8% growth from the prior month. This impressive expansion has been fueled by overall positive market conditions, even as the firm experienced some
Lean Technologies, a Saudi Arabian fintech infrastructure platform, has recently secured $67.5 million in a Series B funding round. The round was led by General Catalyst, an esteemed venture capital firm, with significant contributions from Arbor Ventures, Bain Capital Ventures, and Duquesne Family
