Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

EagleTree Capital Acquires The Channel Company, a Leading Provider of Business Services for the IT Sector

The Channel Company

The Channel Company (or the “Company”), a leading provider of business services for the IT sector, and EagleTree Capital on behalf of its private equity fund EagleTree Partners V (“EagleTree”), announced today that EagleTree acquired The Channel Company from Stone-Goff Partners, a leading lower middle market private equity firm. The Channel Company is a leading provider of mission-critical business and marketing services for IT vendors, solution providers and distributors, with a full suite of solutions for the IT ecosystem including content, consulting, marketing and agency services, events and conferences, and data and analytics. The Company owns CRN.com, the most trusted media brand in the B2B IT channel sector and has the largest database of solution providers in the industry. The Channel Company’s management team will remain unchanged with Blaine Raddon as CEO and Rob Wiseltier (one of the Company’s founding partners) as CFO. Founding partners Bob Faletra, Dan Dignam and Lisa MacKenzie will continue in their roles as advisors to The Channel Company. “We are very excited to partner with EagleTree, an investor with deep experience in the B2B and business services sectors, and believe they have the resources we need to help drive our strategy forward,” said Blaine Raddon, CEO of The Channel Company. “EagleTree’s support will help The Channel Company accelerate the build out of our integrated solutions and bolster our ability to support the growing strategic needs of the global IT ecosystem.” Michael Struble, Senior Partner at EagleTree, said, “The Channel Company has built its reputation by helping to drive superior results for the largest technology companies in the world. We look forward to supporting the Company’s strategic growth plans to deepen its customer relationships and expand its capabilities with data and analytics.” “The Channel Company’s singular focus on all things information technology puts it on the forefront of a major technology investment cycle,” added Anup Bagaria, Co-Managing Partner at EagleTree. “We have been very impressed with Blaine and the rest of the management team and cannot wait to partner with them on this next phase of growth.” JEGI CLARITY acted as exclusive financial advisor and Fredrikson and Byron P.A. served as legal advisor to The Channel Company. Jones Day acted as legal advisor and Alvarez & Marsal acted as due diligence advisor to EagleTree. About The Channel Company The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 35 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. Follow The Channel Company on www.thechannelco.com. About EagleTree Capital EagleTree Capital is a leading New York-based middle-market private equity firm with assets under management of $4.8 billion as of December 31, 2020. The firm has completed over 35 private equity investments and over 75 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find us on LinkedIn. Contact Details EagleTree Capital Sard Verbinnen & Co. Stephanie Pillersdorf/Devin Broda +1 212-687-8080 EagleTree-SVC@sardverb.com The Channel Company Corporate Communications +1 508-416-1175 corporatecommunications@thechannelcompany.com Company Website https://www.eagletree.com

November 09, 2021 03:30 PM Eastern Standard Time

Comcast Launches WiFi-Connected “Lift Zones” at Sites Serving Veterans Experiencing Houselessness

Comcast Oregon / SW Washington

As part of its ongoing commitment to help connect low-income families and individuals to the internet so they can fully participate in the digital economy, Comcast today announced that two veterans shelters run by Do Good Multnomah are now high-speed internet enabled Lift Zones. Working with its network of community-based organizations, Comcast is providing high-capacity WiFi access in spaces designed to help enhance the learning experience for students. In this case, however, the connection is designed to help veterans get online to engage in distance learning, access virtual support programs, stay connected to loved ones and search for jobs. The Breitung Building in Northeast Portland and Clayton Mohr Commons in Oregon City now both feature free gig-speed WiFi provided by Comcast, allowing dozens of veterans to work on computers simultaneously. Jay, a veteran and resident at the Breitung site says, "Having the internet on the patio and in the community area makes it so that I can get out of my room and connect with others while still having access to all my internet needs." Jess Gibly, Director of Permanent Supportive Housing for Do Good Multnomah, agrees that the Lift Zones are a real benefit for her clients. "Especially in the era of COVID, having access to the internet is crucial for receiving mental health and primary care, recovery support, and a variety of other services that help someone thrive in housing. These Lift Zones give our Veterans in Permanent Supportive Housing, many of whom cannot afford internet themselves, the chance to get their wellness needs met and participate in online communities that have given people much needed support and connection during COVID." “It’s very gratifying to see these new Lift Zones benefitting veterans,” said Rebecca Brown, Director of Community Impact for the region. “We’re expanding our reach as we partner with local organizations focused on serving our houseless veterans’ communities.” There are now 24 Lift Zones in operation in Oregon/SW Washington, primarily located at Boys and Girls Clubs around the region, with a couple more Lift Zone sites currently under construction across Comcast’s Oregon/SW Washington service territory. Project UP & Comcast’s $1 Billion Commitment to Advancing Digital Equity: For over a decade, connecting more people to the Internet and the technology they need to participate and excel in an increasingly digital world has been a core focus for Comcast. Looking toward the next ten years, the company is building on that foundation and expanding its impact through Project UP, a comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. Backed by a $1 billion commitment to reach 50 million people, Project UP encompasses the programs and community partnerships across Comcast, NBCUniversal, and Sky that connect people to the Internet, advance economic mobility and open doors for the next generation of innovators, entrepreneurs, storytellers, and creators. For more information on Project UP and the latest news on efforts to address digital inequities, including the recent expansion of the Comcast RISE Investment Fund to provide millions in grants to small business owners of color and investment in research to increase diversity in the technology and digital fields, visit https://corporate.comcast.com/impact/project-up. ABOUT COMCAST CORPORATION: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. ABOUT DO GOOD MULTNOMAH: Do Good Multnomah is a non-profit organization providing permanent supportive housing and low-barrier emergency shelter to houseless Veterans in Portland, Oregon. They support Veteran-centered communities that inspire dignity, sustainability, and purpose emphasizing relationship-building, one-on-one engagement, supportive services, and direct community participation. Contact Details Amy Keiter +1 503-407-9109 amy_keiter@comcast.com Company Website https://corporate.comcast.com/

November 09, 2021 10:24 AM Pacific Standard Time

Announcing the Launch of Salesforce’s Accessibility Site

InclusionHub

Salesforce, the global leader in CRM (NYSE: CRM) and InclusionHub Founding Partner, announced the launch of its public-facing accessibility website, which details Salesforce’s work internally and with the broader community to achieve full equality for people with disabilities. "We’ve been developing this site for the better part of a year,” said Thomas Frantz, senior manager of Accessibility Partnerships and Public Relations at Salesforce. “As a person with a disability myself, I’m thrilled to be able to share with the public more information about our accessibility efforts at Salesforce and within the global community.” A core theme throughout the accessibility site is the concept of “a11y” (pronounced “A-eleven-Y”). This is a globally recognized abbreviation for "accessibility," originally shortened for social media character limits. In recent years, a11y has gained momentum outside of the technical realm to represent the broader accessibility and diversity inclusion movement. In addition to highlighting Salesforce’s ongoing work to provide equal opportunities to employees with disabilities, the accessibility site provides educational content on the importance of accessibility, relevant resources, and highlights programs available to the public, as well as a feedback form. Another exciting feature is its representation of the disability community through Salesforce’s signature characters. The accessibility team worked closely with Salesforce’s brand team and members of the disability community to create illustrations that visually conveyed the messaging of the site itself. “The journey to equality, inclusion, and true belonging for people with disabilities is a long road, and we openly recognize there is much more work to be done,” Frantz said. “But we hope this new site represents an important move forward in providing people with disabilities access to the same opportunities and experiences. The more we can create a truly inclusive culture, the stronger we become as a company and community.” Check out the accessibility site for yourself at salesforce.com/company/accessibility, and please be sure to leave any recommendations or feedback by selecting “View the Form” on the “ Feedback and Resources ” page! Contact Details Salesforce Thomas Frantz tfrantz@salesforce.com Company Website https://www.salesforce.com/company/accessibility

November 09, 2021 10:00 AM Pacific Standard Time

BEASY Partners with Toldright to Provide Digital Asset Creation Services to Athletes, Musicians and Creators of all Types

Beasy, LLC

Blockchain Made Easy (dba BEASY) announced today it has agreed to a multi-year partnership with toldright, a first-of-its-kind production resource company dedicated to enhancing the video content of their clients through storytelling. Toldright will provide value added services to BEASY enabled communities. Toldright is a disruptive, new on-demand model for video production that matches clients with experienced creative professionals to elevate the look and feel of their video content. Founded by world-class industry leaders, toldright’s exclusive ‘Neighborhood’ includes more than 1,800 fully-vetted Emmy Award-winning artists around the country, featuring top-tier producers, editors, on-air talent, technical specialists, and more. Demand for video content has exploded in recent years, and professional athletes and brands continue to use video to tell their stories. “Offering BEASY creators access to toldright’s top-notch network of video talent and storytellers will help them produce innovative and engaging digital content in support of their own brands,” says Bob Kramich, Founder and CEO of BEASY. “Video and storytelling are key factors to successful sales and marketing, especially for athletes in this name, image and likeness (NIL) era. We are thrilled to be working with such an incredible player in the market,” he adds. The partnership between BEASY and toldright now offers smaller companies, organizations and individuals access to what has traditionally only been available to large corporations. “We are excited to work with BEASY to exclusively link its rapidly-growing community to our extensive ‘Neighborhood’ of global top-tier talent typically reserved for major networks,” says Max Heineman, CEO and Co-Founder of toldright. “BEASY participants now have access to the highest-quality people and production tools for telling and authenticating their digital legacies using blockchain technology.” This is the third press-release in recent weeks from BEASY. On October 21st and November 1st, BEASY announced multi-year agreements with Tykes, Inc., and the Recording Artists Guild (RAG), respectively. # # # About BEASY Blockchain Made Easy ™️, LLC is a Massachusetts-based technology and professional services company empowering retail and business customers with the ability to deploy customized blockchain-based strategies through easy-to-use blockchain software products. The company’s core product, BEASY Authentication ™️, is a multi-blockchain platform and associated wallet solution allowing users to seamlessly create, sell, and track digital goods in addition to a broad range of other applications such as digital identity management, fractional and whole digital asset ownership, royalties management, contract-to-smart contract management and more. BEASY does this without requiring owning or managing any cryptocurrency on major compatible blockchain networks such as Ethereum, Matic and more. BEASY is committed to making blockchain adoption easy. For more information, go to www.BEASY1.com About toldright Toldright is the first-of-its-kind on-demand production resource, transforming the video industry and empowering companies of all sizes the opportunity to tell great stories with an end-to-end solution that delivers accessibility, efficiency, unprecedented value, and amazing content. Through our exclusive “neighborhood” of 1,800 fully vetted production and content creators around the nation, that includes Emmy and Oscar Award winners, toldright has the flexibility to provide 5-star experts to meet the demands of any project. Founded by world-class industry leaders, toldright has already been trusted by iconic brands including ESPN, Tiger Woods Foundation, NFLPA, LPGA, Twitter, Showtime, Adobe, Citi, Xerox, and Dell. For more information on toldright, please visit www.toldright.com. # # # Media Relations Contacts: BEASY, LLC. Contact: David Kaupp info@beasy1.com Twitter: https://twitter.com/BeasyInc LinkedIn: https://www.linkedin.com/company/beasy-blockchain-made-easy-llc/ Instagram: https://www.instagram.com/beasy1859/ Toldright Matt Saler, Vice President M: +1 215 432 3149 301 E 57th Street New York, NY 10022 www.finnpartners.com Blockchain Made Easy, LLC is a Massachusetts-based technology and professional services company empowering retail and business customers with the ability to deploy customized blockchain-based strategies through easy-to-use blockchain software products. The company's core product, BEASY Authentication, is a multi-blockchain platform and associated wallet solution allowing users to seamlessly create, sell, and track digital goods in addition to a broad range of other applications such as digital identity management, fractional and whole digital asset ownership, royalties management, contract-to-smart contract management and more. BEASY does this without requiring owning or managing any cryptocurrency on major compatible blockchain networks such as Ethereum, Matic and more. BEASY is committed to making blockchain adoption easy. For more information, go to www.BEASY1.com Contact Details Beasy, LLC David Kaupp +1 978-360-6698 info@beasy1.com toldright Matt Saler, Vice President +1 215-432-3149 Company Website https://www.beasy1.com

November 09, 2021 11:06 AM Eastern Standard Time

Image

Xyte Hardware-as-a-Service Platform Brings Cloud Services Breakthrough to Hardware Manufacturing Businesses

Xyte

Xyte secures a $6.4M funding round led by SCapital to launch the first Hardware-as-a-Service cloud platform, and moves hardware industries beyond traditional models to new profitable, subscription-based sales Business partners Omer Brookstein and Boris Dinkevich came from two very separate industries on the way to founding Xyte, the innovative company behind the first Hardware-as-a-Service (HaaS) cloud platform. Brookstein, an Audio-Video industry veteran, spent nearly 15 years working in different roles at Crestron Electronics. Dinkevich worked in a much different software development world, where he built advanced cloud applications for large high-tech firms. Their common interest in the cloud as a transformational business driver brought them together to establish Xyte (formerly known as SyncPro) in early 2020. Xyte offers hardware manufacturers an end-to-end cloud-based platform to run their entire HaaS businesses, better support their channels and customers, and develop new recurring revenue streams. This includes support for what Xyte calls “Digital Products,” an innovative new approach that allows manufacturers to remotely enable device features through subscriptions. Xyte’s innovation allows customers to elastically scale their products on one hand, while helping manufacturers simplify their inventory management and capture new upsell opportunities. “Cloud technologies have disrupted nearly every industry,” said Brookstein, CEO of Xyte. “Different industries are renowned for hardware innovation, but there is an enormous gap between hardware suppliers and modern cloud applications and services. Xyte paves the way for hardware suppliers of any industry to modernize their offerings, and provide their integration partners and end customers with technology platforms that will enable new services at an unparalleled time and cost-to-market.” Brookstein adds that while there are many opportunities that hardware manufacturers could pursue for growth, none offer more potential than HaaS. However, many of them struggle to capture this opportunity due to the enormous resources needed to develop such a solution. “People often think of HaaS as a subscription-based or financial model. However, successfully operating an HaaS business requires much more. It’s a paradigm change from customer acquisition to customer retention, and Xyte offers the complete toolset required to do so, from remotely supporting customers and resolving issues more efficiently through offering managed services, analyzing device usage and more – all in one unified platform.” To support and accelerate the development of the platform, Xyte partnered with SCapital, managed by former Sequoia and Intel Capital partners (Haim Sadger and Aya Peterburg), who led a $6.4M financial round. Workplace by Xyte Xyte offers a complete platform that truly bridges hardware to the cloud, and invites innovation and business development for all users. That includes offering a new agnostic platform specifically for the professional Audio-Video (AV)industry called Workplace by Xyte. Systems integrators and other service providers, which have free access to the platform, can now offer managed services for their customers, remotely managing and monitoring devices from a growing number of brands. Brookstein points to a new business model that AV test company MSolutions is developing based on Xyte’s platform as an excellent example of its revenue-generating value. The company starts by allowing its customers to subscribe to specific test applications, such as a log analyzer for an HDBaseT installation or IP testing for AV-over-IP applications directly from Xyte’s cloud. MSolutions will soon offer a full HaaS model, giving customers access to their award-winning device for a monthly fee, and benefit from full technical support through its dedicated Xyte portal. “Instead of buying a hardware test device, customers will soon be able to buy test services,” said Brookstein. “The customer still has the physical test device through the subscription period, but pays for usage of the applications enabled through Xyte. There is a hardware refresh after a pre-determined period if the subscription remains active; if the device fails, a replacement is shipped. And that customer can activate new test services on the Xyte portal at any time.” “Our open API ensures that anyone can connect to Xyte,” said Dinkevich, Xyte’s CTO. “Customers today in all industries demand open systems that don’t chain the user to proprietary products. Our platform is a wide-open universe that allows everyone to connect, everyone to configure their devices, and everyone to freely develop. There are no limits.” For more information on Xyte’s cloud platform and its Workplace by Xyte, and to schedule a demo, please contact Xyte’s sales team at https://xyte.io/. About Xyte Xyte is a revolutionary solution for hardware manufacturers, with a first-of-its-kind cloud platform that bridges the gap between hardware devices and modern cloud applications. Xyte’s award-winning offering provides device manufacturers with a comprehensive, white-labeled solution for managing their customers, resellers, and devices, enabling them to propose new subscription-based business models and realize the full potential of their connected products. The innovative yet easy-to-manage Xyte platform offers an extensive range of cloud-based services. Intuitive and forward-thinking, it’s a technology and business analytics solution specifically designed to give users a unique advantage in a competitive field, with access to real-time performance data and a powerful suite of business tools. Workplace by Xyte is a dedicated implementation of the esteemed Xyte platform, built specifically for audio/video and modern workplace professionals. It offers an integrated, all-in-one solution for AV service providers, enabling them to deploy, configure, and monitor devices from a wide variety of vendors. MSPs can provide managed services for their customers’ collaboration spaces and easily stay on top of changing configurations and needs, with a wide array of third-party integrations simplifying ticketing, incident response, and more. Contact Details Dimension PR Brian Galante +1 207-494-8428 brian@dimensionpronline.com

November 09, 2021 10:47 AM Eastern Standard Time

Image

Leading Cybersecurity Specialist swIDch Selected for UK Smart Grant to Develop Revolutionary Payment Technology

swIDch

Leading cybersecurity specialist swIDch has been selected for the UK Government’s Smart Grant to develop the "swIDch SmartCard", a secure fingerprint payment card embedded with a nano-optoelectrical fingerprint sensor. Using swIDch’s revolutionary, first-of-its-kind, One-Time Authentication Code ( OTAC ) technology that identifies and authenticates users securely and efficiently without the need for two-way connectivity and new infrastructure, the SmartCard aims to transform security for online and offline transactions. OTAC allows employees to generate a one-time dynamic authentication code for access management. This patented technology is able to generate unique dynamic codes even in an off-the-network environment, eliminating the attack surface for hackers. The codes are generated dynamically from a user’s mobile device at any given moment so they are unhackable and sufficient to identify a user on its own - eliminating the need for passcodes and even an internet connection. The 2017 Annual Fraud Indicator estimates fraud losses to the UK at around £190 billion every year. With fraud on payment cards primarily occurring within the elderly population and the current ‘chip & pin’ or card-based payment unable to protect against individuals sharing or recording their pin codes it is clear a new system is needed. swIDch's SmartCard works like a regular payment card with the only difference that before every transaction the fingerprint must be scanned. Then, its embedded nano-optoelectrical fingerprint sensor activates an integrated microchip that creates a new set of credentials(card number/CVC/expiry date) for every use utilising the OTAC algorithm. swIDch is committed to bringing secure authentication to every digital identity and the SmartCard was developed in response to the rise of remote and hybrid working increasing the need for businesses to adopt better, more secure and efficient user authentication outside of the controlled office environment. The UK Smart Grant comes in the wake of swIDch’s recent launch of its SDK kit, a new all-in-one authentication software providing simpler, faster and safer cybersecurity authentication in an easy to use, cost-efficient, and trusted toolkit for developers. swIDch has also recently announced key new hires across the business, and new premises in London to support the company’s growth and customers within the UK market. Cybersecurity threats on individual users and organisations are still very prominent in the UK where phishing scams, stolen identity, and account and data breaches continue to rise due to poor password and authentication management. UK businesses are at a tipping point whereby aligning security policies to preferences and behaviours of employees, customers and users is essential - and with not just security but ease of use at the core. A focus on higher user adoption is key in order to prevent continued vulnerability to these growing cybersecurity threats. “At swIDch, we continue to be at the forefront of innovating and evolving technology to build safer, stronger and easy to deploy authentication infrastructures across a variety of industry sectors,” stated Chang-Hun Yoo, Founder and CEO of swIDch. “The UK cyber security market is valued at over $7billion and is predicted to grow at over 9% CAGR - with this, it is essential that we continue to invest in OTAC technology in order to support businesses, particularly as we look to a more remote and hybrid workplace as the future.” About Innovate UK The ‘Smart Grant’ is ‘Innovate UK, the UK’s innovation agencies’ open grant funding which is part of the Government’s Research and Innovation programme. The programme invests up to £25 million in the best game-changing and commercially viable, innovative or disruptive business ideas. It is a highly competitive grant to achieve and has very stringent requirements and in excess of 2,700 applications.Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth. We fund business and research collaborations to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions. Innovate UK is part of UK Research and Innovation. For more information visit www.innovateuk.ukri.org About swIDch swIDch Ltd. (www.swidch.com) is a cybersecurity start-up based in London. The company helps businesses to identify and authenticate its users through our patented algorithm, one-time authentication code (OTAC) that generates in a networkless environment, to tackle problems of identity theft and CNP frauds. It is a security feature for uninterrupted use of devices by combining user identification and authentication steps into one only with the dynamic authentication code. Since its foundation in 2018, the company has been chosen for the leading accelerator programmes in Europe and Asia – LORCA, Global Entrepreneur Programme, and Accenture FinTech Innovation Lab. Furthermore, swIDch gained global recognition for its innovative authentication technology, selected the winner of the “Authentication Solution of the Year” in the CyberSecurity Breakthrough Awards, the winner of the hottest Cybertech Company from Europas 2020, and the annual list of the world's most innovative Cybertech Companies 'Cybertech100' two years in a row since 2020. About SSenStone SSenStone Inc. (www.ssenstone.com) is the parent company of swIDch, proving its technological prowess and growth potential by taking first place with the best score in the "Baby Unicorn 200 project" of the Ministry of SMEs and Startups, Republic of Korea. Consisting of cybersecurity experts with over 10 years of experience, SSenStone continues to research and develop technologies that provide safer and more convenient identification and authentication between humans and devices or devices and devices in a rapidly changing ICT environment. Contact Details Kite Hill Laura Cameron +44 7740 948378 swidch@kitehillpr.com

November 09, 2021 10:05 AM Eastern Standard Time

Logitix Names Greg Nortman President and Chris Zaber EVP of Business Development, Grows List of Partners to Over 100 Companies in Sports and Entertainment

Logitix

Logitix, the leader in live event ticketing technology and analytics, announced they have enhanced their executive team on the heels of renewing multiple long-term partnerships and establishing new ones. With more than 14 years of experience in the ticketing industry, Greg Nortman has been promoted to President of Logitix. As the new EVP of Business Development, Chris Zaber joins Logitix after more than 20 years of ticket sales experience across all four major sports leagues. Logitix also announced they have renewed multiple long-term partnerships, including a three-year extension with the Valero Alamo Bowl. They will continue to provide sophisticated technology and analytics throughout the entire ticketing process for the Valero Alamo Bowl, which is set to take place in San Antonio on Dec. 29, 2021. Logitix’s ability to shepherd the entire ticketing lifecycle is unique in the ticketing industry. Logitix has grown its client list to over 100 companies across the live event industry, including a new relationship with Bowl Season, the nation's collective coalition of 44 college football bowl games. From Oct. 1 through Dec. 31, 2021, Logitix expects to manage 2.4 million tickets that are estimated to be sold for a combined $300 million through teams across the NFL, NBA, and NHL, plus NCAA events and live event properties. Logitix optimizes ticket sales outcomes for all of its partners through proprietary dynamic pricing and distribution. Its unique platform analyzes millions of real-time data points, providing up-to-the-minute insights within the live event marketplace. In addition to Nortman and Zaber, Logitix made several moves at the Vice President level, including the promotion of Jaclyn Ross (VP of Operations), Stephanie Miller (VP of List Services), and Travis Underwood (VP of Partnerships). They also hired former Nashville Predators executive Jon-Thomas Louviere as the new VP of Strategy + Innovation for Logitix. "With these promotions and new hires, we continue to build an all-star team at Logitix," said Logitix CEO Stuart Halberg. "We have cemented our reputation as the best partner in the business. Logitix is unmatched when it comes to optimizing rightsholders' ticket sales, from the time the event is booked to when the buzzer buzzes and the curtain rises." “The Valero Alamo Bowl is excited to extend our partnership with Logitix to ensure we have the most advanced analytics for our event,” said Derrick Fox, the president and CEO of the Valero Alamo Bowl. “Logitix has the knowledge and technology to help us elevate our ticketing strategy to a level of sophistication that is unmatched in the industry.” As the new President of Logitix, Nortman was promoted after five years as the Chief Strategy Officer. His prior experience includes more than five years as Chief Operating Officer for PrimeSport and over three years between RazerGator as their Sr. Director of Business Development and Ticketmaster as their Director of Strategic Partnerships. Nortman graduated from Princeton University and earned his law degree from Tulane University. He will oversee business development, partnership operations, and marketing. Zaber joins Logitix after more than five years at the New York Mets as their SVP of Corporate Partnerships and Ticket Sales. Previously, Zaber spent six years with the Pittsburgh Pirates and three years with the Atlanta Hawks and Atlanta Thrashers. He also worked with the Charlotte Hornets and started his career with the Carolina Panthers after graduating from the University of North Carolina Chapel Hill. As EVP of Business Development, he will work to grow Logitix’s client base and partnerships across sports and entertainment. About Logitix Logitix is the preeminent monetization engine and ticketing platform for the live event industry, combining optimized pricing, distribution, and inventory management with real-time insights to help sellers and buyers respond to a rapidly changing market environment. The Logitix vision is to automate the entire ticket life cycle and provide data-driven insights to serve the diverse needs of its clients. The company is backed by ZMC and is privately held. For more information about Logitix, visit Logitix.com or find them on LinkedIn. # # # Contact Details Eric Nemeth +1 602-502-2793 nemeth@ericpr.com Company Website https://logitix.com/

November 09, 2021 09:03 AM Eastern Standard Time

Qupital Secures US$150 Million Round to Accelerate Global Expansion and B2B "Buy Now, Pay Later" Product

Qupital

HONG KONG SAR - Media OutReach - 9 November 2021 - Asia's leading financial technology platform Qupital today announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility. The equity funding will reinforce Qupital's ambitions to scale its cross-border e-commerce lending business into international markets and further strengthen its technological capabilities, whilst the facility will provide a lower cost of funding for Qupital to offer exclusive products to its present and future clients. Qupital's Co-Founder and President Andy Chan with Co-Founder and Chief Executive Officer Winston Wong (from left to right) Qupital's ambition is to become the go-to digital financial institution for e-commerce sellers trading across the globe in the New Economy. The securitization facility entered with global investment bank Citi, supported by Integrated Alternative Credit Fund, marks the first e-commerce merchant financing securitization in Asia. This coincides with the closing of Qupital's Series B round, led by the Greater Bay Area Homeland Development Fund (GBA Homeland), with additional capital injections from investors including the Innovation and Technology Venture Fund (ITVF) of the Hong Kong SAR Government, MindWorks Capital, Silverhorn and Alibaba Entrepreneurs Fund. Qupital harnesses the power of sales data to streamline credit underwriting for sellers on e-commerce platforms such as Amazon, eBay, Lazada and Shopee, offering a win-win solution to both sellers and investors. The platform empowers creditworthy merchants that are traditionally underserved in the commercial lending market, and hews out an alternative asset class with attractive yield opportunities for both professional and institutional investors. As of October 2021, Qupital has achieved over US$500 million in loan advancement to some 7,000 merchants onboarded on its digital platform, tracking an annualized gross merchandise value (GMV) of over US$3 billion. Series B round led by GBA Homeland Development Fund, joined by the ITVF of HKSAR Government On top of the Series B funding, Qupital's strategic placement within the GBA Homeland portfolio more importantly reflects the depth and breadth of its integration into the GBA ecosystem. As a global-scale alliance dedicated to promote the new economy in China's GBA, GBA Homeland's established network serves as a springboard for Qupital to augment local partnerships and on-the-ground knowledge to assist further expansion in the GBA and Greater China. With China cross-border e-commerce sustaining a 20% year-on-year growth, the rapid industry expansion renders extra confidence for Qupital to grow its customer base beyond its existing force which concentrates in Guangzhou and Shenzhen. UK-based Nordstar's e-commerce focused fund joins the round as a new investor. As a leading investment adviser focusing on international growth and scaling, Nordstar will lend its network to broaden Qupital's customer base in Western markets and share the team's expertise to expedite the company's global expansion. The majority of funds raised will be used to accelerate Qupital's core lending business to support e-commerce sellers. As part of its five-year plan, the company is set to tap into its abundant network and grow its "buy now, pay later" product model to build an all-encompassing marketplace tailored for B2B transactions. It will assign resources to enhance its R&D capabilities in terms of artificial intelligence, big-data technology and MLOps. The company also has plans to extend its footprint across mainland China, as well as international markets including Southeast Asia, North America and Europe. It expects to triple the size of its team by 2022 to support expansion needs. "This funding round reinstates the boundless synergy agglomerated in the region", said Winston Wong, Co-Founder and Chief Executive Officer of Qupital. "the GBA comprises multiple world-class manufacturing bases, where goods are produced and capital needs arise; this is where we step in as a solution to bridge the financing demand gap. It also reaffirms the unparalleled role of Hong Kong as an international financial hub – where innovations are met with opportunities to flourish. We believe Hong Kong will continue to play an indispensable role within the GBA as a financial powerhouse." "As we aspire to improve financial inclusion and increase global trade ultimately, we are committed to back SMEs that have limited access to capital. Being able to work with Citi on this credit facility has fueled our business with a stable pool of funds and improved cost of capital. It is the cornerstone for us to sharpen our product features, build exclusive relationships with clients and win over market share to gain even stronger foothold in the global market", said Andy Chan, Co-Founder and President of Qupital. "Our ambition is to become the go-to digital financial institution for e-commerce sellers trading across the globe in the New Economy." About Qupital Established in 2016, Qupital is a financial technology company headquartered in Hong Kong, with offices in Shenzhen, Guangzhou, Fuzhou, Shanghai and Hangzhou. The company specializes in cross-border e-commerce trade finance and makes use of big data, machine learning and predictive analytics capabilities to automate credit decisioning and monitoring. For more information, please visit: https://www.qupital.com/. About the Investors Greater Bay Area Homeland Development Fund Greater Bay Area Homeland Development Fund was jointly established by international large-scale industrial institutions, financial institutions and new economic enterprises. It aims to grasp the historical opportunities of the development of Guangdong-Hong Kong-Macao Greater Bay Area, and the construction of an International Innovation and Technology Hub, focusing on technological innovation, industrial upgrading, quality of life, smart city and all other related industries. The Fund covers venture capital, private equity investment, listed company investment, M&A investment and so on to offer financial support for outstanding entrepreneurs and enterprises, connecting industrial and financial resources, achieving long-term returns for shareholders and investors, and contributing positively to economic and social development. For more information, please visit: http://www.gbahomeland.com Innovation and Technology Venture Fund The ITVF is a HK$2 billion fund established by the HKSAR Government in 2017 with a view to attracting more private capital to invest in local I&T start-ups and creating a more vibrant innovation and technology ecosystem in Hong Kong. The ITVF will co-invest with selected co-investment partners at a matching investment ratio of approximately 1 to 2. MindWorks MindWorks invests in and empowers Asia’s brightest entrepreneurs to build transformational companies. The venture capital firm utilizes a Pan-Asia strategy to source direct investments in technology companies across both Greater China and Southeast Asia. Founded in 2013, the firm is headquartered in Hong Kong with offices in Beijing, Shanghai, and Jakarta. MindWorks has been recognized by Preqin as a top-performing venture capital firm and is also a signatory of the United Nations’ Principles for Responsible Investment. The firm currently manages over US$1 billion in total net asset value across its funds and is a co-investment partner of the Innovation Technology Venture Fund initiated by the Hong Kong Government. Silverhorn Founded in 2010, Silverhorn Group is an owner-managed, Asian multi-asset specialist delivering intelligent investing solutions that bridge the gap between Europe and Asia. Silverhorn offers flagship products in private debt, private equity and multi-asset classes as well as access to key opportunities in the region. The 50+ team members are across the headquarters in Hong Kong, Singapore, Switzerland and a research hub in India. www.silverhorngroup.com Nordstar Nordstar is an investment and advisory platform that partners with growth companies seeking strategic and operational expertise, tailored advice, and smart capital. Founded by Ole Ruch and Eugen Miropolski, the firm provides founders access to first-hand insights gained from expanding and growing some of the most transformational businesses of the past decade internationally. Find us at www.nordstar.com. Contact Details Qupital Angie Kwong +852 3156 7554 Angie.Kwong@qupital.com Company Website https://www.qupital.com/

November 09, 2021 09:00 AM Eastern Standard Time

Image

Data Integration Leader Vorro Acquired by Basis Vectors

Basis Vectors/ Vorro

Vorro, a leading provider of data integration solutions and services, announced today that it has been acquired by technology and investment firm Basis Vectors. Headquartered in Orange Park, Fla., Vorro will continue to operate as an independent organization and brand. Basis Vectors acquired Vorro based on the expected growth in the iPaaS market as demand increases for organizations to connect on premises and cloud-based applications and processes. The Integration Platform as a Service (iPaaS) market is expected to grow at a compound annual growth rate (CAGR) of 21 percent, from the current $2.2B to $8.8B by 2028. “We are pleased to join Basis Vectors as it will help us propel our mission to assist small and medium sized businesses in solving their enterprise software integration challenges,” said Vorro CEO Scott Sirdevan. “Joining their roster of high-growth tech companies will support our strategic vision, operations and continued innovation.” Vorro provides robust, scalable integration solutions that connect disparate applications and technologies. Vorro’s BridgeGate any-to-any integration and workflow automation platform handles complex data with no coding required, reducing the complexity and length of integration projects to weeks or days, resulting in lower costs. “Basis Vectors has a strategy of backing committed founders operating in growing and exciting markets,” said Basis Vectors Founder and CEO Ambarish Gupta. “Vorro already has a fantastic product and marquee customer base, and we look forward to providing the company with the capital and expertise needed for it to thrive in the coming years.” Delivering data transformation and exchange technology solutions, Vorro works across several industries including retail, government, and several sectors across the healthcare continuum. “Companies are increasingly using software to automate their internal processes, but the software lacks interoperability and data often sits in silos,” added Sirdevan. “While the large enterprise segment is dominated by big players like Mulesoft, Oracle, and SAP, the medium and small end of the market is still underserved, which is where Vorro steps in.” For more about Vorro, visit https://vorroconnect.com/ About Vorro Headquartered in Orange Park, Florida, Vorro delivers data transformation and exchange technology solutions to several industries including retail, government, and several sectors across the healthcare continuum. Visit www.VorroHealth.com for more information About Basis Vectors Basis Vectors is a Berkshire Hathaway style alternative investment and technology firm that acquires B2B SaaS companies and sets them on a path to superior capital efficiency. The company invests in North America headquartered SaaS companies with revenue in range of $1M and $10M. Using its proprietary SaaS Machine Platform to run the sales, marketing, engineering and finance functions of a SaaS company, Basis Vectors delivers an operational platform and ecosystem, bringing bespoke capital and capabilities to improve efficiency and help truly transform the business. Basis Vectors is headquartered in New York and has offices in Silicon Valley, India and Ukraine. Contact Details Trust Relations April Margulies +1 323-216-8589 april@trustrelations.agency

November 09, 2021 09:00 AM Eastern Standard Time

1 ... 535 536 537 538 539 ... 646