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Morgan Stanley to acquire transfer-agent fintech Vinyl Equity

Morgan Stanley is acquiring fintech company Vinyl Equity to bring its cloud-based transfer-agent technology into its workplace business, Bloomberg reported. Transfer agents maintain the official record of stock ownership. Wealth management head Jed Finn said bringing that function in-house would reduce reliance on outside providers as companies move from private to public ownership.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Quest Global acquires wearable testing provider Tests Assured

Quest Global has acquired Tests Assured, adding specialized testing for wearable devices, immersive technologies, and connected hardware and software to its engineering services business. The U.S. company tests smart glasses and augmented, virtual and extended reality products.

Capital Infrastructure
Capital Infrastructure

Mavria raises $130M for truck-shippable data centers

Mavria raised $130M across pre-seed and seed rounds at a $1B valuation, with Paradigm leading the financing, The Wall Street Journal reported. The company aims to build modular data centers that can be shipped by truck.