Human resources software firm Deel has reached an annual revenue run rate of $800 million and is preparing for a potential IPO as early as next year, following a 70% year-over-year revenue increase in December. The company secured new major shareholders, General Catalyst and Mubadala Investment Company, after a $300 million secondary share sale, resulting in a valuation of $12.6 billion. Deel is focusing on strengthening financial audits and compliance processes to ensure readiness for the IPO, and has appointed new board members in preparation for the public offering.
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Facing assault charges, Toronto man accused of removing ankle monitor
A Toronto man facing assault charges is accused of removing his ankle monitor. The video failed to load, but the man's actions have resulted in further legal consequences. The incident highlights the importance of monitoring and tracking individuals involved in legal proceedings. Full Article
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