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Acronis announced that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network – most notably managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients. The investment values the company at more than $2.5 billion.

Read more: Acronis receives funding of more than $250M

In a bid to achieve digital transformation and financial inclusion and as part of the strategy put in place by the National Payments Council, headed by President Abdel Fattah Al-Sisi, the Board of Directors at the Central Bank of Egypt (CBE) has approved the third edition of the rules for mobile phone wallet payment services.

Read more: Egypt agrees third edition rules for mobile wallet payment services

BENYA, the leading digital solutions and ICT infrastructure provider in Egypt and the MEA region, signed the shareholders agreement with Société Congolaise des Postes et Télécommunications (SCPT) to establish a new local telecommunications operator in DRC, according to Benya’s statement.

Read more: BENYA joins forces with SCPT to establish a new local telecommunications operator in DRC

A memorandum of understanding (MoU) between Microsoft and E-Tax, a company affiliated with Egypt’s Ministry of Finance, has been signed to drive the utilization of artificial intelligence (AI) as part of the Egyptian tax systems’ digital solutions.

Read more: Egyptian tax systems to digitally transform with AI technologies

Performed at Russia’s Vostochny Cosmodrome, Soyuz Flight ST31 orbited 36 new OneWeb satellites – bringing the size of the fleet in orbit to 182. Flight ST31 was the 56th Soyuz mission carried out by Arianespace and its Starsem affiliate.

Read more: OneWeb: a step closer to bring internet everywhere to everyone

Google Cloud has appointed Abdul Rahman Al Thehaiban as managing director for the Middle East, Turkey and Africa region (META) to lead enterprise sales for Google Cloud across the META region. He will support current and future Google Cloud customers and partners to accelerate their digital transformation and drive the growth of Google Cloud in these areas.

Read more: Abdul Rahman Al Thehaiban to head Google Cloud as MD in META region

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