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Tech & Software · Week of Oct 26, 2026

Deals and AI-driven results: the week in tech and software

Acquisitions, divestitures and a SPAC letter of intent dominated the week, while several companies tied results and products to AI demand.

· Banff Web newsroom

Deal activity was the clearest thread this week. CAE Inc. agreed to sell its Flightscape airline operations software business to SITA. Coveo announced it is acquiring Anglera alongside its quarterly results. FF EAI Robotics Ecosystem completed its purchase of Faraday Future's robotics business, and GigCapital9 signed a non-binding letter of intent to combine with a carbon capture technology company.

AI ran through most of the other releases. Mastech Digital credited Data & AI work for its revenue growth, and Investcorp said it launched an AI Investment Framework. Context Labs released a product for running AI models on enterprise-owned data, and GigCapital9 cited power demand from AI applications as the rationale for its proposed deal.

  1. Context Labs

    Context Labs AI Distillery™ Lets Enterprises Run Sovereign AI on Data They Own

    Context Labs B.V. launched the Context Labs AI Distillery™, which it says turns enterprise data into a governed, enterprise-owned Context Package, traces every model answer to its source records and runs inside the customer's own data center or chosen cloud. The product is available now through the Microsoft Marketplace, and the company says customers can switch between frontier and open-weight models without rebuilding the Context Package.

  2. Bahrain EDB

    Investcorp Announces Aggregate Financial Activity for 2026 at Gateway Gulf Investment Forum

    Investcorp said it recorded US$11.1 billion in aggregate activity in the first nine months of 2026: US$4.8 billion raised, US$3.7 billion deployed and US$2.6 billion in exits. Assets under management stood at US$65.2 billion as of September 2026, and the firm says its Investcorp Wealth digital platform has enabled more than US$620 million in client capital raising since its 2024 launch.

  3. Coveo Solutions Inc.

    Coveo Reports Second Quarter Fiscal 2027 Financial Results

    Coveo reported SaaS subscription revenue of $39.1 million for its second quarter of fiscal 2027 and record new business bookings, including two seven-figure-per-year transactions. The company also announced the acquisition of Anglera, which it describes as an agentic product data enrichment engine.

  4. FF EAI Robotics Ecosystem Inc.

    FFR to Hold Listing Ceremony and Investor Day on October 26; FFAI Announces Rescheduling of YT Jia's Investor Weekly Report to October 26

    FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) scheduled its Listing Ceremony and Investor Day for October 26. Faraday Future said YT Jia's Investor Weekly Report was moved to the same date.

  5. Mastech Digital, Inc.

    Mastech Reports Third Quarter 2026 Results

    Mastech Digital (NYSE American: MHH) reported third quarter 2026 results showing a second consecutive quarter of sequential revenue growth. The company attributes the growth to continued Data & AI momentum.

  6. GigCapital9 Corp.

    GigCapital9 Announces Letter of Intent for Proposed Business Combination with a Leading Clean Energy Technology Company

    GigCapital9 Corp. (Nasdaq: GIX) entered a non-binding letter of intent for a business combination with an unnamed clean energy technology company focused on post-combustion carbon capture. GigCapital9 says the deal is intended to support clean, firm power applications needed for growth in power demand driven by AI applications.

  7. FF EAI Robotics Ecosystem Inc.

    FF EAI Robotics Ecosystem Completed its Acquisition of the Robotics Business of Faraday Future, Establish Nasdaq-Listed Humanoid and Bionic Robotics Platform

    FF EAI Robotics Ecosystem completed its acquisition of Faraday Future's robotics business, establishing a Nasdaq-listed humanoid and bionic robotics platform. The company expects October 2026 robot sales and shipments to exceed 300 units, which would be a monthly record, bringing cumulative shipments to more than 1,100 units at a positive unit gross margin.

  8. CAE Inc.

    CAE to sell Flightscape to SITA

    CAE Inc. entered a definitive agreement to sell Flightscape, its airline operations software business, to SITA, a global aviation technology company. The sale moves Flightscape's airline operations software to SITA.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Banff Web reporting.