DELRAY BEACH, Fla., Oct. 8, 2026 /PRNewswire/ -- According to MarketsandMarkets™, the Identity Verification Market is projected to grow from USD 16.48 billion in 2026 to USD 33.36 billion by 2031 at a compound annual growth rate (CAGR) of 15.1% during the forecast period.

Browse 400 market data Tables and 70 Figures spread through 350 Pages and in-depth TOC on "Identity Verification Market– Global Forecast to 2031"

Identity Verification Market Size & Forecast:

- Market Size Available for Years: 2020–2031

- 2025 Market Size: USD 14.34 billion

- 2026 Market Size: USD 16.48 billion

- 2031 Projected Market Size: USD 33.36 billion

- CAGR (2026–2031): 15.1%

Identity Verification Market Trends & Insights:

- Market growth is driven by the rapid shift toward digital onboarding and remote transactions across financial services, retail, telecommunications, healthcare, and government.

- By organization size, the SMEs segment is expected to grow the fastest, at a CAGR of 16.2%.

- By application, the access control segment is expected to grow at the fastest rate, with the highest CAGR of 17%.

- By vertical, the gaming and gambling segment is expected to grow at the fastest rate, with the highest CAGR of 20%.

- North America is estimated to account for the largest share of the Identity Verification Market, at 39.26%, in 2026.

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Increasing regulatory requirements for customer identification and verification are driving demand for identity verification solutions across regulated industries. Financial institutions and other organizations are required to establish reliable processes for verifying customer identities and, where applicable, beneficial ownership information as part of customer due diligence. The growing acceptance of secure electronic and remote identification methods is also supporting the adoption of digital verification technologies. As compliance requirements evolve, organizations are increasingly deploying automated identity verification, document authentication, and biometric verification solutions to strengthen due diligence while maintaining efficient digital onboarding processes.

By offering, the solutions segment is expected to account for the largest market size during the forecast period.

The solutions segment is expected to account for the largest market size in the Identity Verification Market during the forecast period. Organizations are deploying integrated verification solutions that combine document authentication, biometric matching, liveness detection, and identity data validation to support secure digital interactions. The increasing scale of digital onboarding and identity-related fraud is encouraging businesses to adopt solutions that can verify users efficiently while supporting compliance and fraud prevention requirements. Services are expected to register the highest growth rate, supported by demand for implementation, integration, customization, and ongoing support as organizations expand their identity verification capabilities.

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By deployment mode, the on-premises segment is expected to lead the market during the forecast period.

By deployment mode, the on-premises segment is expected to account for the largest market size during the forecast period. Organizations handling sensitive identity information continue to prioritize greater control over data, security policies, and verification infrastructure, particularly in highly regulated environments. On-premises deployment also supports organizations with specific data residency, integration, and governance requirements. At the same time, cloud deployment is gaining adoption as organizations seek scalable verification infrastructure and easier integration with digital onboarding platforms.

By region, Asia Pacific is expected to register the highest CAGR during the forecast period.

Asia Pacific is expected to register the highest CAGR in the Identity Verification Market during the forecast period, driven by rapid digitalization, the expansion of digital payments, and the growing adoption of remote customer onboarding across India, China, Japan, and Singapore. Rising e-commerce and mobile financial services are increasing the need for secure identity authentication, while growing identity fraud and evolving regulatory requirements are accelerating the adoption of biometric, document, and AI-enabled verification. Continued investment in digital identity infrastructure and national digital identity initiatives is further supporting market growth across the region.

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Top Companies in Identity Verification Market:

The Top Companies in Identity Verification Market are Experian plc (Ireland), LexisNexis Risk Solutions (US), Equifax (US), Thales Group (France), GB Group (GBG) (UK), TransUnion (US), Mastercard (US), Onfido (UK), Trulioo (Canada), IDology (US), Mitek Systems (US), IDEMIA (France), Jumio (US), HyperVerge (India), AU10TIX (Israel), Innovatrics (Slovakia), Intellicheck (US), Signicat (Norway), SecureKey Technologies (Canada), IDfy (India), IDMERIT (US), Veriff (Estonia), AuthenticID (US), TruNarrative (UK), Sumsub (UK), PassFort (UK), PXL Vision (Switzerland), Shufti Pro (UK), iDenfy (Lithuania), Berbix (US), Persona (US), Ekata (US), and Hooyu (UK).

Identity Verification Market - Investment & funding + Merger & Acquisition

Investment Funding Context

The Identity Verification Market continues to attract investment as providers expand capabilities across digital onboarding, biometric verification, fraud prevention, and identity risk management. Persona raised USD 200 million in Series D funding in April 2025, at a USD 2 billion valuation, to expand its verified identity platform and support use cases across digital businesses and AI-driven interactions. In August 2026, Socure secured an additional USD 156 million in growth funding at a USD 5.2 billion valuation, supporting international expansion and the integration of its identity, fraud, and risk capabilities. These investments indicate continued investor interest in identity verification platforms that combine identity proofing with fraud detection, risk assessment, and digital onboarding.

Revenue Shift Context

The Identity Verification Market is shifting from standalone identity checks toward broader platforms that combine KYC, KYB, document verification, biometric authentication, fraud detection, and ongoing risk assessment. Providers are increasingly integrating multiple verification capabilities into unified workflows to support customer onboarding and identity assurance across the customer lifecycle. Trulioo, for example, combines person and business verification with fraud intelligence and reported a 325% increase in document-verification volume during 2024, while its platform supports KYC and KYB workflows across multiple markets. This shift is also expanding the role of services, including implementation, integration, compliance support, and customized verification workflows, alongside the continued demand for core verification solutions.

Mergers and Acquisitions

Mergers and acquisitions are increasingly being used to expand identity verification portfolios with complementary capabilities in fraud detection, biometrics, document authentication, and risk decisioning. Entrust completed its acquisition of Onfido in April 2024, adding AI-driven identity verification and biometric capabilities to its identity-security portfolio. Socure agreed to acquire Effectiv for USD 136 million in October 2024, adding real-time risk decisioning, fraud prevention, AML transaction monitoring, and KYB capabilities. LexisNexis Risk Solutions completed its acquisition of IDVerse in February 2025, strengthening AI-powered document authentication, biometric verification, liveness detection, and digital identity onboarding. These transactions indicate increasing integration between identity verification, fraud prevention, and broader risk-management capabilities.

IDENTITY VERIFICATION MARKET: MERGERS AND ACQUISITIONS, JANUARY 2024–SEPTEMBER 2026

Company Revenue Share Details

The Identity Verification Market remains fragmented, with a mix of diversified information, financial-services, cybersecurity, and identity technology providers competing alongside specialized verification companies. Key players include Experian, LexisNexis Risk Solutions, Equifax, Thales, GBG, TransUnion, Mastercard, Entrust, Trulioo, Mitek Systems, IDEMIA, Jumio, HyperVerge, AU10TIX, Innovatrics, Intellicheck, Signicat, SecureKey Technologies, IDfy, IDMERIT, Veriff, AuthenticID, TruNarrative, Sumsub, IDology, PXL Vision, Shufti Pro, iDenfy, and Persona. The competitive landscape reflects different positioning across biometric verification, document authentication, KYC and KYB, fraud detection, risk intelligence, and digital onboarding. Established providers are expanding through acquisitions and broader platform integration, while specialized vendors continue to develop AI-enabled verification, biometric, liveness, and fraud-detection capabilities. GBG, for example, has consolidated its identity capabilities through IDology and Acuant and launched GBG Go as an integrated global identity platform.

Casino payout disputes take anywhere from 45 minutes to 20 months, 11 years of player arbitration data show (New Report)

BIRKIRKARA, Malta, Oct. 8, 2026 /PRNewswire/ -- New data from Casinomeister's Player Arbitration service, covering 5,000+ disputes since 2016, shows how long players wait when a casino won't pay their winnings, and the answer is anywhere from 45 minutes to 20 months.

Casinomeister's report found that:

- Casino payout disputes have taken anywhere from 45 minutes to 20 months to resolve, with the casino largely deciding the timeline.

- Casinomeister has resolved over 5,000 disputes and recovered more than €8 million for players since 2016.

- Disputes reaching Casinomeister's Player Arbitration (PAB) service rose 174%, from 255 in 2016 to 699 in 2025.

- The money recovered for players rose 567% over the same period, from €225,000 to €1.5 million a year.

- Fake complaints, many of them generated with AI chatbots, have increased more than tenfold, slowing down help for genuine players.

Casino payout disputes can take anywhere from 45 minutes to 20 months, data shows

A new report from Casinomeister, based on eleven years of data from its Player Arbitration (PAB) service, has revealed that players who are owed winnings can wait anywhere from under an hour to nearly two years to be paid.

By 2028, players worldwide are projected to lose nearly $700 billion a year to gambling, according to the Lancet Public Health Commission. Behind that figure, Casinomeister's data highlights a quieter problem: players who win legitimately, but whose winnings the casino refuses or delays paying.

Casinomeister was the first to offer third-party dispute resolution for online casino players and, over the last eleven years alone, has resolved more than 5,000 disputes and recovered over €8 million for players.

Disputes are up 174%, but the money involved is up 567%

The number of cases reaching PAB grew from 255 in 2016 to 699 in 2025, an increase of 174%. Over the same period, the amount recovered for players rose from €225,000 to €1.5 million, an increase of roughly 567%.

In other words, players aren't just bringing more disputes, there is more money at stake in each one. The average amount recovered per case rose from around €880 in 2016 to around €2,150 in 2025.

Between 2021 and 2025 alone, cases rose by 50% (465 to 699), while the amount recovered for players doubled (€750,000 to €1,500,835).

Casinomeister PAB Cases and Recoveries By Year:

The data shows a visible dip in 2018, which coincides with Malta's regulator, the MGA, rolling out its own designated alternative dispute resolution (ADR) programme. Many players with complaints against MGA-licensed casinos tried the official route first, with a good number later returning to Casinomeister and other third parties.

*2018–2020 are low-end estimates. These years fell during our migration to a new case-management system, when official figures weren't recorded. We reconstructed them manually and erred on the conservative side, so the true totals were likely higher. **2026 figures are year-to-date

The casino decides the timeline

The fastest dispute Casinomeister has ever resolved took roughly 45 minutes, made possible by a twenty-year relationship with a reputable operator whose management verified and paid the legitimate complaint the same day.

The longest took 20 months. The player was owed every cent, but the casino stuck to the withdrawal limits in its terms, capped at $10,000 a month and dropping to $5,000 once a balance reached ten times total deposits. In practice, payments arrived in smaller chunks and sometimes not at all, with Casinomeister having to chase them repeatedly before the player was paid in full.

AI-generated complaints are a new bottleneck

Casinomeister reports that fake claims and scam attempts have increased more than tenfold with the rise of AI chatbots, which can produce long, convincing complaints from scratch or inflate a real grievance. The problem mirrors a BBC report from August 2026 on AI-written complaints overwhelming UK schools and councils.

With no reliable way yet to detect this 'flood the zone' approach, fake claims take time away from genuine players who have been wronged by a casino.

Why casinos don't pay

Not every blocked withdrawal is a scam. Legitimate reasons include failed KYC checks (in more than 80% of the KYC cases Casinomeister has handled, the cause was something as simple as a blurry document or a mismatched name), bonus terms breaches, and serious violations such as multiple accounts.

Then there are the excuses: terms that don't exist or are applied retroactively, winnings paid out in small chunks in the hope that players will gamble the balance away, and outright scam sites built with cloned branding and, in some cases, games showing RTPs above 100%.

The fastest dispute is the one you never have to file

Discussing the findings of the report, Natasa Milojevic, Content Editor at Casinomeister, comments:

"No one can tell a player how long a payout dispute will take. Our records show it can be anything from 45 minutes to 20 months, and that's largely down to the casino.

"What's changed over the last decade is the money involved. Players aren't just bringing us more disputes, they're bringing us bigger ones, and the average amount we recover per case has more than doubled.

"At the same time, AI has made our job harder. Fake complaints have increased more than tenfold, and every one of them takes time away from a real player who was genuinely wronged.

"Not every blocked withdrawal means a casino is trying to scam you. Often it's a blurry ID document or a broken bonus term. But when a casino invents rules after the fact, or drip-feeds winnings hoping the player will lose them, that's when we step in.

"The easiest dispute to resolve is the one you never need to file. Knowing the red flags and doing a little homework before you deposit is still a player's best protection."

If you do wish to cover these findings, please include a link back here.

Methodology:

Casinomeister analysed internal case records from its Player Arbitration (PAB) service between 2016 and 2026, covering the number of disputes received each year and the amount recovered for players. Figures for 2018–2020 were reconstructed manually following a migration to a new case-management system and represent conservative low-end estimates. 2026 figures are year-to-date. Percentage changes compare full-year totals. Average recovery per case was calculated by dividing the annual amount recovered by the number of cases that year. Resolution times reflect the fastest and longest cases on record.

About Casinomeister:

Casinomeister is an independent online casino player advocacy and community site, and the first to offer third-party dispute resolution for online casino players. For more than two decades, its Player Arbitration (PAB) service has helped players resolve disputes with online casinos, recovering more than €8 million for players since 2016.

Contact Details: 

Rui Costa, Head of Content at Casinomeister

[email protected] 

This information was brought to you by Cision http://news.cision.com.

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Sports executive will lead strategy, partnerships and growth for 21X's sports revenue platform

ASPEN, Colo., Oct. 8, 2026 /PRNewswire/ -- 21X today announced that Adam Squire has been named president of 21X SPORTS, the company's sports-focused revenue platform. Squire will lead strategy, partnerships and growth as 21X SPORTS helps, leagues, professional and minor league teams, collegiate athletic departments, and sports product and apparel companies pursue incremental revenue from existing fan and customer relationships.

Squire brings more than a decade of sports industry experience to the role. He joined CapStone Holdings in 2022 and currently leads sports operations for GameAbove Sports, managing professional athlete relationships and sports partnerships. His work has included collegiate athletics, golf technology and equipment investments, youth development initiatives, and signature events.

"For four years, I've had a seat on the operator side of sports - sponsorships, events, athletes, teams and the startups building the next generation of the game," Squire said. "Every one of those relationships comes down to the same thing: how well you take care of people and whether you sweat the details. That is exactly what 21X SPORTS is built to do for fans, at scale."

21X SPORTS is a business vertical owned by 21X and developed in partnership with GameAbove Sports. It applies 21X's AI engagement infrastructure across voice, SMS and email to the commercial and service priorities of sports organizations.

21X SPORTS is designed to support six core areas: revenue recovery and customer reactivation; ticketing, renewals, premium and group sales; products, merchandise and commerce; event logistics and fan service; live fan engagement, activation, loyalty and sponsorship; and a persistent, intelligent relationship between the organization and each fan. Across these use cases, AI can initiate engagement, answer questions, identify intent, present relevant opportunities and connect qualified fans or customers with team personnel when appropriate.

"Adam has spent years building relationships and delivering complex initiatives across the sports industry," said Corey Welch, CEO of 21X. "He combines that operating experience with the commercial discipline and attention to detail 21X SPORTS needs. His leadership will help us turn the capabilities of 21X into practical revenue programs for sports organizations and their fans."

As president, Squire will oversee 21X SPORTS' market strategy, partner development and commercial growth. GameAbove Sports will continue to contribute sports market relationships, business development experience and sales perspective to the platform.

To learn more about 21X, visit 21Xai.com. To experience a live demo, call (330) 222-6156.

About 21X

21X, formerly known as Structurely, is an AI engagement infrastructure company that helps businesses grow revenue, improve customer experiences and operate more efficiently. Built on more than a decade of experience in real customer conversations, 21X uses AI across voice, SMS and email to respond, understand intent, guide customers toward the right next action and route appropriate opportunities to live personnel. The company serves organizations in real estate, mortgage lending, life insurance, aviation and sports. Learn more at 21Xai.com.

About GameAbove Sports

GameAbove Sports is focused on global sports business development and strategic investments. It works across teams, franchises, leagues, events, sports-related companies and community initiatives to advance growth and opportunity in sports. Learn more at gameabovesports.com.

SOURCE 21X

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IPEKYOL Group has been recognised with the "Best Fashion Retail Brand – Türkiye" title at the Global Brand Awards 2026, organised by Global Brands Magazine.

LONDON, Oct. 8, 2026 /PRNewswire/ -- The Global Brand Awards recognise organisations that demonstrate sustained excellence, innovation and meaningful impact within their industries. IPEKYOL Group was recognised for its strong position in Türkiye's fashion retail industry, combining established design and production expertise with an expanding international retail network and growing digital capabilities. Through its IPEKYOL, TWIST and MACHKA brands, the Group continues to strengthen its presence in women's ready-to-wear while responding to changing customer expectations across both physical and digital channels.

Commenting on the recognition, Jay Reddy, CEO of Global Brands Magazine, said, "IPEKYOL Group has built a distinctive position in Türkiye's fashion industry through a clear understanding of its customers, strong brand identities and a consistent approach to design and retail. Its ability to evolve with changing consumer expectations while expanding into international markets makes this recognition well deserved."

Responding to the award, Uğur Ayaydın, CEO of IPEKYOL Group, said, "Receiving this recognition from the Global Brand Awards is a significant milestone in Ipekyol Group's journey of growth from Türkiye to the global stage. As we bring the distinctive identities of IPEKYOL, MACHKA, and TWIST to new markets, we remain focused on building a strong and enduring global brand ecosystem. We see this award as a reflection of our achievements and the collective dedication of all our colleagues who contribute to this journey."

ABOUT IPEKYOL GROUP

Founded in 1986, IPEKYOL Group is a leading fashion group operating in the women's ready-to-wear sector through its IPEKYOL, TWIST, and MACHKA brands. With a network of more than 300 stores across Türkiye and international markets, strong digital sales channels, its headquarters in Istanbul, and Türkiye's first integrated ready-to-wear manufacturing facility in Edirne, the Group has built a comprehensive fashion ecosystem spanning design, production, retail, and customer experience.

Since 2008, IPEKYOL Group has further strengthened its international presence through its strategic partnership with Italy's Miroglio Group. In 2026, the Group expanded its portfolio by adding Trussardi's operations in Türkiye, marking another important step in its growth journey.

Sustainability lies at the heart of IPEKYOL Group's business approach, value chain, and long-term growth strategy. The Group continues to advance initiatives focused on responsible production, resource efficiency, reducing environmental impact, empowering women in the workforce, education, and creating lasting social value.

With a strong commitment to transparency, IPEKYOL Group openly shares its environmental, social, and governance performance, as well as its future ambitions. This year, the Group published its third Sustainability Report, covering its initiatives and progress throughout 2025.

By embracing innovative technologies and digital solutions, IPEKYOL Group aims to build on its strong position in Türkiye, accelerate its international growth, and strengthen its presence as a global fashion player creating enduring value for its stakeholders and society.

ABOUT GLOBAL BRANDS MAGAZINE

Global Brands Magazine (GBM) is a UK-based publication providing independent insights, analysis, and recognition of brands shaping industries worldwide. Through its editorial platform and annual awards programme, GBM evaluates organisations on performance, innovation, relevance, and long-term impact across global markets.

The publication reaches over 6 million annual readers, generating more than 10-million-page views, and engages a growing international audience across digital and social platforms.

ABOUT THE GLOBAL BRAND AWARDS

The Global Brand Awards celebrate excellence in brand performance, recognising companies and organisations that excel in quality, innovation, and customer-centric services across various sectors, including finance, education, hospitality, technology, and more.

The 2025 awards ceremony was hosted at the Grand Hyatt, Dubai, continuing a tradition of high-profile venues, including The Address Downtown, Waldorf Astoria, and JW Marriott.

The 2026 ceremony will take place at Address Sky View, Dubai, on 02 October 2026.

For a complete list of winners, visit:

https://www.globalbrandsmagazine.com/brand-awards-winners/.

To nominate a company or leader for the Global Brand Awards 2026, visit: https://www.globalbrandsmagazine.com/nomination-form/.

SOURCE Global Brands Magazine

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The materials and equipment contractors buy have long been standardized down to a market price that can be checked instantly. And while rate books have told estimators what a crew should theoretically install for decades, no one has ever continuously measured what construction actually delivers, week by week, against the plan. This report does exactly that, turning real data into a set of objective benchmarks. 

The activity-level benchmarks in the new report include schedule adherence, on-time starts, completion overrun, planned-vs.-actual production, peak-vs.-typical performance, and trade-level reliability across 21 core construction activities.

Among the report's key findings:

- Nearly half of all active construction work is behind schedule in a typical week – sites keep just 52.8% of activities on schedule.

- The typical construction activity finishes 5.3 weeks late, but performance varies sharply. Top-quartile projects hold that to 2.3 weeks, showing that fast, reliable delivery is achievable.

- Nearly 40% of planned weekly output is not delivered. The typical project delivers just 63% of its planned output, leaving 37% of planned work volume undelivered in a typical week.

- Nearly every construction activity under-delivers its planned weekly output. 20 of 21 activities measured fell short of plan, ranging from 38% (resilient/soft flooring) to 122% (drywall framing, the only activity to exceed plan).

- 70.7% of construction activities miss their planned start date. Just 29.3% of activities actually start on time.

"Everything else that goes into a building has long been standardized – equipment, materials, specs. But one thing that hasn't been is the work itself," said Amir Berman, VP of Industry Transformation at Buildots and head of the Intelligence Lab. "This report is a step toward changing that: turning construction activity into repeatable, measurable units, so we can finally answer how much a project can actually build in a given timeframe, and how wide the gap is between a typical week and a top-performing one."

An ongoing construction benchmark series

The Global Construction Benchmarks Report is the first release in an ongoing Buildots Intelligence Lab research series. Having established a global baseline, the Lab will next apply the same methodology to sector-specific and regional editions – starting with data centers and healthcare – sharpening these global reference points into benchmarks that project teams can hold a specific project to.

"You can't fix what you can't measure, and the construction industry has always lacked a source of macro-level truth about its own performance," said Roy Danon, Co-founder and CEO of Buildots. "Establishing objective, data-driven benchmarks like these is central to our mission at Buildots, and these findings show exactly why. This report proves strong performance already exists in the industry, it's just inconsistent. Revealing that is the first step toward helping every construction project, portfolio, and organization perform at its best."

The full Global Construction Benchmarks Report, including sector breakdowns, quartile data, and detailed production-rate tables for 21 core construction activities, is available at: https://buildots.com/lab/global-construction-benchmarks-report/ 

About Buildots Intelligence Lab

The Buildots Intelligence Lab is construction's first AI-powered research hub. Drawing on aggregated, anonymized global data, the Lab publishes metrics, insights, and benchmarks designed to drive decisions from the project level to the enterprise. All data published by the Lab is freely available and designed to help address long-standing industry blind spots. It operates as an autonomous research unit within Buildots and invites industry professionals, academics, and analysts to challenge it with their own questions and hypotheses.

About Buildots

Buildots is the global construction intelligence platform, serving as the operational backbone for construction projects of all scales – from local schools and multi-family projects to the world's most complex data centers and mega-projects. By transforming site data into actionable insights, Buildots enables construction leaders to know sooner, act faster, and outperform. Buildots is currently used by Fortune 500 contractors and household-name owners, including Turner Construction, JE Dunn, Intel, HOCHTIEF, and Bouygues, to drive operational excellence worldwide.

Media Contact

[email protected]

SOURCE Buildots

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EXTON, Pa., Oct. 8, 2026 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced that it will release third-quarter financial results before the market opens on Thursday, October 29, 2026, and will follow with a conference call to discuss the results and business expectations at 8:00 a.m. Eastern Time.

The live webcast can be accessed by clicking here. To ask questions on the conference call, participants need to register in advance by clicking here. Registered telephone participants will receive the dial-in number along with a unique PIN number that will enable them to ask questions on the call.

A slide presentation will be made available on the day of the call in the Investors section of the Company's website. A replay of the webcast will be available on the Company's website for approximately 90 days after the event.

About West

West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With over 10,000 team members across 50 sites including 26 manufacturing facilities worldwide, West helps support our customers by delivering over 41 billion components and devices each year. Headquartered in Exton, Pennsylvania, West in its fiscal year 2025 generated $3.07 billion in net sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included in the Standard & Poor's 500 index. For more information, visit www.westpharma.com. 

SOURCE West Pharmaceutical Services, Inc.

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Drilling Tools International Corp. Signs Definitive Agreement to Acquire Saltire Energy Limited & Foxley Energy Limited

Combination creates a stronger, more diversified global platform

Expands Eastern Hemisphere presence to approximately 40% of pro forma revenue

Transaction is expected to be immediately accretive to key financial metrics

HOUSTON, Oct. 8, 2026 /PRNewswire/ -- Drilling Tools International Corp. (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has entered into a definitive agreement to acquire Saltire Energy Limited and Foxley Energy Limited (combined "Saltire"), a leading Aberdeen-based provider of rental drilling tools serving the North Sea, Middle East, Asia Pacific, and other key Eastern Hemisphere growth markets. Total consideration consists of approximately $80 million in cash and 17.4 million shares of DTI common stock, par value $0.0001 per share (the "DTI Common Stock"), subject to customary closing adjustments. The transaction is expected to close in the first quarter of 2027.

Founded in 1986, Saltire is a specialty rental provider of drilling tubulars, downhole and bottom hole assembly tools, and pressure control equipment, with operating bases in the United Kingdom, Norway, the United Arab Emirates, Singapore and Malaysia. Its in-depth and relevant rental fleet is deployed to customers around the Eastern Hemisphere, and it has built long-standing relationships with Tier 1 E&P operators, drilling contractors and service companies that it has maintained through market cycles.

The combination with Saltire is expected to be accretive to both Adjusted EBITDA(1) margins and Adjusted Free Cash Flow(1)(2) per share in the first year following closing, support stronger cash flow generation per share and significantly expand DTI's international presence. Based on management's estimates derived from recent monthly performance updates in the third quarter of 2026 and current visibility, Saltire is expected to generate run rate 2026 revenue of approximately $50.4 million, Adjusted EBITDA(1) of approximately $22.5 million, representing a 45% Adjusted EBITDA margin, and Adjusted Free Cash Flow(1)(2) of $15.8 million. Saltire's rental-focused model closely resembles DTI's and has a history of resilient financial performance through industry cycles. The transaction is expected to increase DTI's Eastern Hemisphere contribution from approximately 18% of DTI's standalone revenue in the second quarter of 2026 to approximately 40% of pro forma revenue post-close, creating a more balanced revenue mix with global rig exposure. Saltire's established product bases across the North Sea, Middle East and Asia expand and accelerate DTI's tools and technology into new growing international markets and create clear cross-selling opportunities, from deploying DTI's proprietary wellbore optimization technologies, such as ClearPath™ and Drill-N-Ream® ("D-N-R"), into Saltire's existing markets as well as adding Saltire's drilling jars and pressure control equipment to DTI's total offering to customers.

"We are extremely excited about this transformative transaction," stated Wayne Prejean, Chairman and Chief Executive Officer of DTI. "Saltire is a natural fit for DTI. Like us, Saltire rents the mission-critical downhole tools operators depend on, and it does so in the attractive international markets where we have long sought a scaled presence. Saltire has established relationships across the North Sea, the Middle East and other key Eastern Hemisphere markets, and with limited customer overlap, Saltire nearly doubles DTI's international exposure to approximately 40% of pro forma revenue in a single step. That kind of international scale and those established customer relationships can take many years to build organically. We expect the combination to be accretive to Adjusted EBITDA margin and Adjusted Free Cash Flow per share in the first year following closing.

"Looking ahead, we see a real opportunity to bring technologies like Mechlok, Turbocaser, Turborunner, ClearPath and D-N-R to Saltire's customers through its distribution network, and to give customers a global platform backed by greater financial strength. The combined company is expected to generate significant Adjusted Free Cash Flow, which gives DTI a clear path to de-lever quickly. Just as importantly, Mike Loggie, the Founder of Saltire, and the Loggie family will retain approximately 30% of the combined company. This reflects our shared conviction that these businesses are stronger together and that the most meaningful value creation is still ahead of us. We are building for the future, and we're glad to be doing it alongside the Saltire and Foxley teams," concluded Prejean.

Mike Loggie, Founder and Chief Executive Officer of Saltire, added, "Both personally and professionally, this is a proud day for me, my family, and for everyone at Saltire and Foxley as we mark our 40th year in business. What we started four decades ago has become a trusted partner to some of the most demanding operators in the world, and that is a credit to our people, their expertise, commitment to safety, and dedication to our valued customers. As we thought about Saltire's next chapter, we weren't looking for an exit. We wanted a partner that shares our focus on exceptional service, proven reliability and technical excellence. We chose to take a meaningful part of our consideration in DTI Common Stock, and we expect to remain a significant shareholder. We're not stepping away. We are invested in this company for the long term, and our customers can expect the same people and the same trusted service they've always relied on, now backed by DTI's global platform, technology offerings, deep industry expertise, and long-term commitment to helping the business grow. We are excited to build on the combined company's extremely strong reputation and create new opportunities for our customers, employees, and partners."

Transaction and Timing

Under the terms of the definitive agreement, DTI will acquire 100% of Saltire for total consideration of approximately $80 million in cash and 17.4 million shares of DTI Common Stock, subject to customary closing adjustments. The value of the share consideration will be determined by multiplying 17.4 million shares by the 20-day volume-weighted average price of DTI's Common Stock immediately prior to closing. The share consideration is fixed at 17.4 million shares of DTI Common Stock and will not be adjusted for changes in the market price of DTI Common Stock prior to closing. Upon closing, the sellers, including the Loggie family, are expected to own approximately 30% of DTI Common Stock. The shares will be subject to lock-up arrangements, the terms of which will be described in the registration statement on Form S-4. DTI expects to fund the cash consideration through new debt financing and borrowings under its existing credit facility. See corresponding transaction Form 8-K and future filings for additional information.

The transaction, which is expected to close in the first quarter of 2027, is subject to customary regulatory approvals and closing conditions, including approval by DTI's stockholders. DTI intends to file a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC"), which will include additional information regarding the transaction.

Upon closing, Wayne Prejean will continue to serve as Chairman and Chief Executive Officer of DTI. Mike Loggie, Saltire's founder, and all members of Saltire's management team will remain with the combined company. DTI Common Stock will continue to trade its common stock on the Nasdaq Capital Market under the symbol "DTI."

Advisors

Evercore acted as financial advisor to DTI in connection with the transaction. Winston Taylor LLP is serving as DTI's legal counsel on the transaction. Piper Sandler Ltd acted as financial advisor to Saltire. Pinsent Masons LLP is serving as Saltire's legal counsel on the transaction.

Conference Call and Additional Materials

DTI will hold a conference call today, October 8, 2026, at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time to discuss the acquisition. An investor presentation regarding the transaction can also be found at https://investors.drillingtools.com.

Please dial 201-389-0869 and ask for the DTI call at least 10 minutes prior to the start time, or via live webcast by logging onto the webcast at this URL address: https://investors.drillingtools.com/news-events/events. An audio replay will be available through October 15, 2026 and may be accessed by dialing 201-612-7415 and using passcode 13763172#. Also, an archive of the webcast will be available shortly after the call at https://investors.drillingtools.com/news-events/events for 90 days. Please submit any questions for management prior to the call via email to [email protected].

About Drilling Tools International Corp.

DTI is a Houston, Texas based leading oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. With roots dating back to 1984, DTI operates from 15 service and support centers across North America and maintains 11 international service and support centers across the EMEA and APAC regions. To learn more about DTI, please visit: www.drillingtools.com.

ChipMOS REPORTS RECORD HIGH QUARTERLY REVENUE; 33.8% YoY INCREASE IN SEPTEMBER 2026 REVENUE; 36.7% YoY INCREASE IN 3Q26 REVENUE

HSINCHU, Oct. 8, 2026/PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of September 2026 and for the third quarter ended September 30, 2026. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.85 to US$1.00 as of September 30, 2026.

The Company noted its third quarter 2026 revenue represents a record high, with revenue growth driven by sustained AI-related demand outpacing available memory supply. While the Company continues to invest in footprint expansion, new capacity is being deployed to meet existing customer forecasts and long-term supply agreements, as structural supply constraints persist and demand broadens across most of the Company's memory and storage end markets.

Revenue for the third quarter of 2026 was NT$8,400.8 million or US$263.8 million, representing an increase of 13.8% from the second quarter of 2026, and an increase of 36.7% from the third quarter of 2025.

Revenue for the month of September 2026 was NT$2,792.0 million or US$87.7 million, representing an increase of 0.2% from August 2026, and an increase of 33.8% from September 2025.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company's most recent U.S. Securities and Exchange Commission (the "SEC") filings. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

SOURCE ChipMOS TECHNOLOGIES INC.

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The turnkey project leverages NESR's LiThara™ platform to include pre-treatment, direct lithium extraction, and carbonation technology for Saudi Arabia's first lithium project, with up to five-year contract value of approximately USD $200 million

DHAHRAN, Saudi Arabia, Oct. 8, 2026 /PRNewswire/ -- National Energy Services Reunited Corp. (NESR), a leading oilfield services provider in the Middle East and North Africa (MENA), today announced that its business segment, NESR Environmental and Decarbonization Applications (NEDA), has entered into an agreement with Aramco to execute the Aramco 2027 Lithium Demonstration Project in the Kingdom of Saudi Arabia. This first-of-its-kind project aims to produce 2,000 tons per annum (tpa) of battery-grade lithium carbonate, with commissioning and start of production planned for late 2027.

This agreement combines Aramco's deep subsurface expertise, honed over decades of exploration and operations, along with NEDA's integrated pre-treatment, direct lithium extraction (DLE), and carbonation technology portfolio, housed under NESR's LiThara™ platform. LiThara™ modular solutions are designed to condition brine feedstock and extract lithium in a single, integrated process, enabling rapid, scalable deployment. This approach offers competitive operating costs and ensures that the production of battery-grade lithium carbonate meets the fast-growing demand of the global energy transition.

The project also builds on NESR's regional subsurface and field operations experience across the Kingdom of Saudi Arabia.

Cautionary Statement Regarding Forward-Looking Statements

Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings.

You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update any forward-looking statements to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.

About National Energy Services Reunited Corp.

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 7,000 employees, representing more than 60 nationalities in 16 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.

SOURCE NATIONAL ENERGY SERVICES REUNITED

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Ascentix and PureFacts Announce Strategic Partnership to Transform Revenue Optimization for Wealth Enterprises

Firms to collaborate closely to help wealth management enterprises optimize new and existing fee revenue to unlock opportunities for accelerated organic growth

NEW YORK, Oct. 8, 2026 /PRNewswire/ -- Ascentix Partners ("Ascentix"), a leading strategy consultancy focused on driving wealth management enterprise growth, and PureFacts Financial Solutions (PureFacts), a leading provider of revenue management software, today announced a strategic partnership where the two firms will combine their expertise and vision to redefine revenue optimization for wealth management firms.

Together, Ascentix and PureFacts will deliver a powerful combination of technology, advisory support and private equity expertise. PureFacts' tools and Ascentix's insights will enable enterprises across the wealth management space to maximize transparency, efficiency and growth across fees, billing, compensation and practice management.

"There is ever-increasing demand from private equity sponsors for their RIA portfolio companies to achieve aggressive growth targets," said Larry Roth, Founder & Managing Partner of Ascentix. "Historically, solutions for addressing these growth expectations have been restricted to a combination of asset growth, cost cutting and client acquisition."

Roth continued, "PureFacts fundamentally transforms this picture by adding a new and powerful component to driving valuations: By considering revenue more holistically and finding overlooked or underutilized earning levers to pull."

Fees & Billing, Advisor Compensation and Practice Management for Wealth Managers

PureFacts helps wealth and asset management firms accelerate profitable organic growth by managing the revenue lifecycle as one connected process. Through the PureRevenue Platform and its Revenue Book of Record, firms can improve pricing discipline, ensure revenue reflects the value they deliver, reduce the revenue typically lost to fee billing inefficiencies and gain the intelligence to manage revenue performance with greater confidence.

PureRevenue brings together three connected capabilities: Fees & Billing helps firms calculate, govern and capture complex fee revenue accurately, with zero tolerance for avoidable errors. Advisor Compensation aligns incentives with firm strategy, helping firms pay advisors accurately, reduce disputes and reinforce the behaviors that drive profitable growth. Practice Management gives advisors and leaders explainable intelligence across client value, loyalty, pricing, benchmarks and practice effectiveness, helping firms strengthen relationships, reduce unnecessary discounting and capture more revenue from the business already in the book.

"Organic growth is the defining challenge in wealth and asset management today, and few understand it as deeply as Ascentix and PureFacts do together," said Pete Hess, President of PureFacts. "This partnership puts that understanding to work for the industry's leading firms by helping them improve pricing, capture more earned revenue, align advisor behavior and use trusted revenue intelligence to accelerate profitable growth. We're thrilled to work with Ascentix as one of the foremost experts on growth in the wealth management industry."

About PureFacts

PureFacts is the leader in the Revenue Performance Management category for wealth and asset management firms. The PureRevenue Platform helps organizations maximize revenue potential by connecting pricing, billing, compensation, advisor behavior and AI-powered intelligence within a single Revenue Book of Record. By transforming fragmented revenue processes into a coordinated growth system, firms gain greater visibility, stronger pricing discipline, improved revenue capture and more effective advisor alignment. The result is faster organic growth, improved profitability and increased enterprise value. For more than 25 years, PureFacts has helped leading financial institutions turn revenue from an operational process into a strategic advantage. For more information, please visit https://purefacts.com/.

About Ascentix Partners

Ascentix Partners is the leading strategy consultancy focused on driving growth for wealth management enterprises. Headquartered in New York City and with a significant presence in Los Angeles, Ascentix Partners delivers growth planning, M&A consulting, strategic relationship development and brand elevation to RIA enterprises, dual registrant firms, family offices, wealthtech platforms and private market solutions providers across the country. For more information, please visit https://www.ascentix.com/.

Media Contacts

Mitch Manning or Donald Cutler

Haven Tower Group

424 317 4858 or 414 317 4864

[email protected] or [email protected]

SOURCE Ascentix Partners

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