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In Q2 2025, U.S. middle market earnings posted a 5% increase and 2% revenue growth, signaling strong economic resilience. These figures come from the Golub Capital Altman Index, covering the first two months of the quarter.

Golub Capital’s CEO, Lawrence E. Golub, emphasized the adaptability of mid-market firms amid ongoing tariff and tax uncertainty. He noted steady revenue and earnings growth among companies that mainly serve U.S. consumers.

“The economy’s foundation stayed strong through April and May,” Golub stated. He added that the recent BBB tax bill may boost consumer confidence and disposable income going forward.

However, tariff-related instability continues to delay capital investment decisions across sectors, according to Golub. He anticipates faster growth once tariff conditions stabilize.

Dr. Edward I. Altman highlighted encouraging data from Q2 2025. He believes investors will find the Index’s company-level performance a useful economic barometer.

“Our data shows strong growth in the Technology sector,” Altman said. He pointed out that demand for B2B software solutions remains high despite market uncertainty.

The Golub Capital Altman Index is a longstanding benchmark tracking actual revenue and EBITDA of private U.S. middle market firms. It includes data from about 110 to 150 companies in Golub Capital’s loan portfolio.

This Index closely reflects performance trends across public indexes like the S&P 500 and S&P SmallCap 600. Back-tested data since 2012 proves its accuracy in forecasting national economic metrics such as GDP.

Golub Capital ensures confidentiality by reporting only aggregated and industry-specific growth rates. The data offers transparency while protecting individual company performance.

These middle market companies are vital to U.S. private-sector job creation. Their earnings and revenue results can be compared against larger public company indexes.

The Q2 report dropped individual Industrials sector data due to a smaller sample size. However, Industrials remain part of the total Index growth averages and may return as a separate segment later.

The Index still excludes Financials, Utilities, Energy, and Materials sectors. Thus, adjusted S&P 500 and S&P 600 versions serve as more relevant comparison benchmarks.

Overall, middle market earnings, revenue trends, and technology sector growth reinforce the segment’s economic impact. The Index continues to offer timely insights for investors and economic analysts alike.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Businesswire.com

RightRev, a leader in cloud-based finance automation, has secured $12 million in new funding to enhance revenue recognition automation. The round was co-led by Norwest Venture Partners and Salesforce Ventures, with participation from Correlation Ventures and IDEA Fund Partners, bringing total capital raised to $17.6 million.

Since partnering with RightRev in 2021, Norwest Venture Partners has witnessed a 250% surge in its annual recurring revenue. Scott Beechuk, Partner at Norwest, stated, “RightRev has solidified its position in revenue automation. We’re excited to back their continued growth.”

RightRev is transforming how companies approach revenue recognition automation. It eliminates the need for outdated spreadsheets and disconnected systems. Its cloud-based platform supports dynamic pricing models, including subscriptions and usage-based billing, essential for modern enterprise needs.

With this new capital, RightRev aims to accelerate product innovation and expand its integrations with billing platforms and ERP systems. The company plans to address the rising demand for flexible, scalable, and compliant revenue accounting tools in SaaS and enterprise markets.

Since its founding in 2020, RightRev has built a strong reputation in finance automation by handling complex use cases. Its customers range from mid-sized businesses to global enterprises, all seeking smarter ways to automate revenue processes.

CEO and Founder Jagan Reddy emphasized the company’s vision, stating, “This funding helps us push the limits of automation. We’re focused on redefining revenue accounting for tomorrow’s enterprises.”

RightRev’s platform supports high transaction volumes and advanced automation. Its cloud-based accounting engine allows businesses to implement flexible pricing and streamline finance workflows without heavy manual intervention.

Additionally, RightRev offers a native Salesforce Revenue Cloud integration for complete lead-to-revenue visibility. It enhances Salesforce CPQ and Billing while also working as a standalone platform that can ingest data from any quoting or order source.

Zak Kokosa of Salesforce Ventures added, “RightRev extends Salesforce’s revenue automation capabilities. We’re proud to deepen our partnership and support their continued success.”

With a focus on revenue recognition automation, cloud-based accounting, and finance automation, RightRev continues to innovate and lead in enterprise revenue transformation.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Businesswire.com

Golub Capital, a top middle market lender, reported that U.S. middle market companies continued to show earnings strength in Q2 2025. According to the Golub Capital Altman Index (GCAI), earnings climbed 5% and revenue increased 2% during April and May 2025.

This latest middle market data points to ongoing business resilience, despite ongoing tariff and tax uncertainty. CEO Lawrence E. Golub emphasized that the firms studied, primarily serving U.S. customers, demonstrated consistent earnings and revenue growth. He also noted that July’s implementation of the BBB tax bill could further boost consumer spending and economic confidence.

Though uncertainty around tariffs has stalled capital investment decisions, Golub stated, “The U.S. economy remains fundamentally sound. Once trade conditions stabilize, we expect middle market growth to gain momentum.”

Dr. Edward I. Altman, co-creator of the GCAI, added, “Our data shows encouraging signs from U.S. middle market firms this quarter. In particular, strong EBITDA and revenue gains in the technology sector reaffirm that B2B software remains vital for productivity in today’s unpredictable climate.”

The Golub Capital Altman Index, developed in partnership with Dr. Altman, is the longest-running index to track actual revenue and EBITDA for middle market companies. It captures financial trends from 110 to 150 U.S. private firms within Golub Capital’s loan portfolio. The GCAI serves as a forward-looking indicator of public company earnings in indexes like the S&P 500 and S&P SmallCap 600, and it aligns closely with quarterly U.S. GDP data based on over a decade of statistical testing.

Importantly, the GCAI maintains strict confidentiality while aggregating financial data across industries. The index highlights key trends in sectors that are central to private sector employment and allows for comparisons with large-cap benchmarks.

In Q2 2025, Golub Capital paused separate reporting for the Industrials sector due to a limited sample size. However, Industrials remain factored into overall revenue and earnings calculations. As the index has minimal exposure to Financials, Utilities, Energy, and Materials, comparisons are adjusted accordingly.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Businesswire.com

inMorphis, a top global ServiceNow partner, has acquired the ServiceNow practice of Solugenix Corporation, a US-based tech services company. This strategic move enhances inMorphis’ revenue technology footprint in the United States and brings 50+ experienced ServiceNow professionals into its fold.

While Solugenix will continue operating independently across its core verticals such as IT support, app services, and business consulting the acquired ServiceNow team will now focus exclusively on growing inMorphis’ revenue tech solutions across the US. This acquisition particularly boosts inMorphis’ industry-specific strength in the retail and manufacturing sectors.

Previously strong in BFSI and TMT, inMorphis will now deliver end-to-end revenue technology platforms using ServiceNow across retail, manufacturing, and financial domains. Moreover, the integration introduces industry-aligned frameworks that ensure faster deployment and measurable impact.

With demand rising for GenAI-led customer engagement and seamless digital transformation, inMorphis plans to ramp up investments in ServiceNow CRM and CSM. These areas are set to become key pillars of its US revenue technology strategy.

“This is another milestone after last year’s ServiceNow investment,” said Himanshu Singhal, CEO of inMorphis. “We’re excited to welcome the Solugenix ServiceNow team. This move reinforces our position as a global ServiceNow leader, ready to partner more deeply with customers in the US.”

Additionally, the acquisition strengthens inMorphis’ Global Capability Center (GCC) strategy. As more US firms expand their GCC operations in India, inMorphis is well-positioned to offer scale, innovation, and cost efficiency through its proven delivery model.

By combining Solugenix’s domain expertise with inMorphis’ expanding platform capabilities, the firm is now set to lead in delivering next-gen revenue technology services that drive business outcomes.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Prnewswire.com

Clari, a leader in enterprise revenue intelligence, has rolled out new integrations to strengthen its AI-driven revenue ecosystem. These updates power Clari’s Revenue Context™, offering the foundational data needed to train AI assistants that boost execution, forecast outcomes, and drive growth across revenue teams.

By expanding its open ecosystem, Clari reaffirms its commitment to customer-owned data and flexible integration. Enterprises can now unify all revenue and go-to-market (GTM) data within Clari, enabling AI to act with full context across the entire sales process.

As AI adoption accelerates across RevOps, many revenue teams struggle with limited context. Clari solves this by mapping the full revenue journey tracking who did what, when, and what it led to so AI agents can take informed action with accuracy.

Now, revenue leaders can finally access comprehensive, connected data across territories, teams, and business models without friction.

Patty Hanna, VP of Field Strategy & Operations at Okta, emphasized Clari’s impact:
“Clari’s AI and predictive tools have changed how our leadership operates. Even our CEO monitors the AI scores to track quarterly progress. Its transparency and usability deliver consistent value to our field teams.”

New Revenue Integrations Fuel Predictable Growth

Clari introduced powerful integrations across data, intelligence, and engagement layers, enhancing signal ingestion and decision-making for AI-powered revenue operations.

Data Integration – Centralizing Revenue Intelligence

Data Enrichment – Sharpening Account Insights

Outbound Execution – Activating Sellers with AI

Andy Byrne, CEO of Clari, stated:
“We’re stepping into a new era of productivity led by AI. Within the next year, AI won’t just support revenue teams, it will reshape the entire process. Companies that unify their revenue data and power their operations with AI-informed context will lead the next phase of enterprise growth.”

Clari’s approach positions it at the forefront of RevTech innovation, helping organizations transform how they manage revenue intelligence and scale operations predictably.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Businesswire.com

Varicent, a global leader in sales performance management, has partnered with ServiceNow to enhance its revenue execution platform. This collaboration integrates Varicent’s advanced incentive compensation and sales planning tools directly into the ServiceNow Customer Workflows ecosystem.

As a result, CRM data spanning leads, customers, opportunities, and sales activity flows seamlessly into Varicent. This real-time data empowers revenue leaders to optimize quotas, adjust territory planning, and fine-tune incentive structures at scale.

“Together, ServiceNow CRM and Varicent SPM provide real-time intelligence and automation,” said Anandan Jayaraman, VP of Product Management at ServiceNow. “Our revenue execution platform enables CROs and RevOps leaders to drive faster, smarter growth.”

ServiceNow has already adopted Varicent to manage its global incentive compensation internally. This reinforces the platform’s ability to handle complex requirements with flexibility.

“I’ve used several platforms, but Varicent stands out for its adaptability, support, and seamless integration,” said Rick Butler, VP of Compensation at ServiceNow. “It’s built for modern compensation teams.”

This strategic alliance builds on Varicent’s recent recognition as a Leader in The Forrester Wave™: Sales Performance Management Solutions for Incentive Compensation, Q1 2025. It confirms Varicent as the only AI-powered SPM platform that unifies Sales Planning, Incentive Compensation, and Performance Optimization.

“The age of disconnected sales tools is over,” said Jason Loh, Chief Growth Officer at Varicent. “This partnership creates a unified revenue execution platform that gives enterprises the control and actionability they need.”

Available via the ServiceNow Store by Q4 2025, the joint solution will allow users to:

Backed by over two decades of leadership and trusted by Cisco, Siemens, T-Mobile, and United Rentals, Varicent’s expertise now amplifies ServiceNow’s CRM value. This alliance redefines how businesses scale, automate, and optimize their revenue operations.

Looking for more updates on financial innovation and revenue-driven technology? Visit RevTech News for expert insights and the latest trends.

News Source: Businesswire.com

Unblock, the energy infrastructure startup, has raised $13.5 million to scale its efforts in converting stranded energy into computing power. Backed by Goldcrest Capital and Collaborative Fund, the round also includes Pampa Energia, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, and Sunna Ventures. Prominent Latin American entrepreneurs also joined the investment, signaling strong regional confidence in the company’s mission.

The company installs modular data centers at oil fields and renewable energy sites where stranded energy is often wasted. These units capture flared gas and curtailed renewables, turning them into productive computing resources. This innovation not only generates value for energy producers but also reduces 142,000 tons of CO2 emissions annually.

“Unblock is building at the intersection of rising AI energy demand and Latin America’s underutilized energy capacity,” said Tomas Ocampo, CEO and founder. “Latin America’s infrastructure challenges create ideal conditions for elastic computing. Our vision supports midstream infrastructure and balances energy volatility.”

Craig Wilson, Partner at Collaborative Fund, emphasized the company’s dual mission. “We invest in ventures that deliver impact and strong returns,” he said. “Unblock combines purpose with performance, and Tomas’ execution made our decision easy.”

The rising issue of gas flaring in Argentina has accelerated Unblock’s operations. Currently, the company runs the world’s second-largest computing fleet in oil field locations. Two upcoming projects will double Unblock’s capacity by September, enabling faster utilization of stranded energy resources.

“We’re excited to back Unblock’s scalable solution,” said Dan Friedland, Managing Partner at Goldcrest Capital. “Their use of proven technology and local execution positions them to unlock Latin America’s stranded energy potential. Their rapid growth from 0 to 15MW shows clear execution strength.”

The fresh funding will drive Unblock’s hiring push across engineering and field teams. It will also support their vertical integration of data center production within Latin America. These strategic steps ensure Unblock can meet demand and expand its reach while solving real-world energy challenges.

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News Source: Businesswire.com

Kira, a rising embedded fintech infrastructure startup, has stepped out of stealth, reporting $3 million in annual revenue.

This next-gen firm is revolutionizing embedded fintech by blending stablecoins and AI. Kira empowers businesses with seamless tools to launch global fintech services.

“We believe embedded fintech products will soon rely on AI and stablecoins,” said co-founder Edrizio De La Cruz. “Our platform eliminates back-end friction. Now, companies can easily build automated, compliant fintech solutions worldwide.”

Transforming the Embedded Fintech Stack

Kira introduces a complete, AI-driven infrastructure optimized for fintech applications. It delivers scalable and stablecoin-native financial tools.

Key platform features include:

Built for Global Scale

Kira removes DeFi complexity and enables embedded fintech solutions across global payroll, FX trading, import/export, and treasury operations.

Its embedded fintech platform is already being used by Banco N1co, Banco Industrial, and a major global retailer. Clients also include Factil, Shield, Borderless, Suku, and Vank.

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News Source:  Prnewswire.com

Cellulotech, a leader in green chemistry, has secured a strategic investment to scale its patented sustainable material technology. This seed funding round was led by Neglected Climate Opportunities, a subsidiary of the Jeremy and Hannelore Grantham Environmental Trust. Meliorate Partners, a prominent early-stage sustainability fund, also joined the round.

This strategic investment will enable Cellulotech to expand its solvent-free cellulose functionalization technology. This breakthrough allows industries to replace plastic, PFAS, and other harmful materials with a bio-based and recyclable alternative. Moreover, the innovation applies to packaging, paper, hygiene, construction, and textiles.

Unlike conventional methods, Cellulotech’s green technology offers a cost-effective solution. It aligns with growing market and regulatory demands for cleaner supply chains. Additionally, it supports the use of cellulose, the planet’s most abundant organic compound, in new and impactful ways.

“Our investors bring unmatched experience in scaling breakthrough innovations,” said Romain Metivet, Co-Founder and CEO. “Their support reflects their belief in our long-term mission.”

Dr. Daniel Samain, Co-Founder and Scientific Director, added, “It’s incredibly rewarding to see my discovery move from the lab to the market.”

As industries seek alternatives, Cellulotech sets the benchmark. Its strategic investment marks a pivotal step in making sustainable innovation mainstream without trade-offs in cost or performance. The company now leads the push toward greener, smarter global materials.

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News Source: Businesswire.com

CoreWeave (NASDAQ: CRWV), a prominent AI hyperscaler, has announced the acquisition of Core Scientific (NASDAQ: CORZ), a leading data center infrastructure provider, in an all-stock transaction valued at approximately $9 billion. Under the agreement, Core Scientific shareholders will receive 0.1235 newly issued CoreWeave Class A common shares for each Core Scientific share held.

This move, following CoreWeave’s IPO in March 2025, positions the company to take direct control of its data center assets—owning roughly 1.3 GW of gross power capacity across Core Scientific’s national footprint, with an additional 1 GW+ available for future expansion.

Michael Intrator, CEO and Co-Founder of CoreWeave, stated, “This acquisition strengthens our ability to deploy AI and HPC workloads at scale. By owning Core Scientific’s high-performance infrastructure, we enhance operational efficiency and reduce risks associated with future growth.”

The deal is expected to bring substantial strategic benefits, including:

Adam Sullivan, CEO of Core Scientific, commented, “As long-term partners, we share a commitment to excellence. This merger accelerates our shared goal of delivering top-tier infrastructure for AI-driven innovation while maximizing shareholder value.”

The transaction is expected to close in Q4 2025, subject to regulatory approvals and a vote by Core Scientific shareholders. Upon completion, Core Scientific investors will hold under 10% of the combined entity. The deal values Core Scientific at $20.40 per share—a 66% premium over its closing price on June 25, 2025.

The acquisition not only consolidates CoreWeave’s infrastructure but also positions the company to lead the next phase of AI and HPC innovation with a more robust, vertically integrated foundation.

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News Source: Businesswire.com

Alibaba Group Holding Limited has unveiled plans to raise approximately HK$12 billion through a private offering of zero coupon exchangeable bonds, linked to its subsidiary Alibaba Health Information Technology Limited. The bonds, which mature in 2032, will be offered to select non-U.S. investors outside the United States under Regulation S of the U.S. Securities Act.

These unsecured and unsubordinated bonds will not carry interest and may be exchanged for Alibaba Health shares, cash, or a combination of both, based on terms set at issuance. Bondholders can opt to convert their bonds from the 41st day after issuance up to five trading days before maturity.

Alibaba Health, listed on the Hong Kong Stock Exchange (HKEX: 00241), is a key healthcare platform in Alibaba’s ecosystem. The group holds a 64% equity stake in the company and plans to maintain its controlling interest post-issuance. Alibaba reaffirmed its commitment to deepening its “AI + Healthcare” strategy alongside Alibaba Health.

Proceeds from the offering will be directed toward general corporate purposes, including expanding cloud infrastructure and growing international commerce operations.

As part of the offering, investors may engage in hedging strategies such as short selling Alibaba Health shares or entering into related derivative positions. To support this, Alibaba has arranged a Delta Placement, where a subsidiary will lend Alibaba Health shares to facilitate hedging by institutional investors via bookrunners.

These securities, including the bonds and any Alibaba Health shares issued upon exchange, will not be registered under U.S. securities laws and cannot be sold within the United States without proper registration or exemption.

While the bond issuance and associated Delta Placement are subject to market conditions, Alibaba has emphasized that no assurance can be given regarding their completion.

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News Source: Businesswire.com

Fifth Third Wealth Advisors®, a registered investment advisory firm operating on a multi-custodial model, has surpassed $3 billion in net new assets under management (AUM) as of June 30, marking a significant growth milestone for the firm.

This achievement reflects continued momentum driven by increasing demand from both clients and financial advisors. Independent research ranks the firm among the top 500 independent RIAs in the U.S.

“Our growth is a direct result of the confidence clients place in us and the caliber of advisor teams we’re bringing on board,” said Eric Housman, President of Fifth Third Wealth Advisors. “We are focused on building a platform that empowers advisors with autonomy, advanced tools, and flexibility to deliver superior client results.”

In line with its expansion strategy, the firm has added Charles Schwab as a custodial option, enhancing its platform’s flexibility and offering clients more choice. Additionally, it has partnered with SS&C’s Black Diamond® Wealth Platform, a cloud-native solution designed to deliver personalized and sophisticated wealth management experiences.

“These enhancements support our broader goal to grow with intention,” added Housman. “By investing in top-tier infrastructure, technology, and relationships, we’re ensuring long-term value for both advisors and clients.”

Fifth Third Wealth Advisors serves clients across the U.S., with offices in Atlanta, Naples, Tampa, Springfield (IL), Westchester (NY), Charlotte, Winston-Salem, Dallas, and Pittsburgh. The firm remains actively focused on recruiting advisory teams seeking independence, innovation, and high-touch client service.

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News Source: Businesswire.com