CGI has acquired Novatec, adding over 300 IT experts from Germany and Spain. This enhances CGI's Stuttgart and Granada presence, increases its IP portfolio, and provides cultural fit. The acquisition positions CGI as a more competitive player in the European digital services market.

UAE's Sheikh Tahnoon bin Zayed leads Gulf Business's 2025 power list, representing a new era of state-sponsored tech investment and global capital influence

Recharge purchases Giftcloud from Groupon, expanding into B2B digital rewards business. Giftcloud is profitable with millions of transactions processed, which makes the UK Recharge's third-largest market. The purchase follows Recharge's €45M acquisition facility with ABN AMRO.