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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Alan K. Simpson, a Folksy Republican Force in the Senate, Dies at 93
Alan K. Simpson, a former Republican senator from Wyoming, died at 93 after struggling to recover from a broken hip and complications from frostbite. Known for his folksy demeanor and controversial remarks, Simpson championed immigration reforms and conservative Supreme Court candidates, while clashing with women's groups, environmentalists, and the press. He had a tumultuous youth, but redeemed himself through a successful political career and bipartisan efforts on issues like immigration and abortion rights. Full Article
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