News Hub | News Direct

Technology

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

This Company Looks To Change The AgTech Industry With The Help Of Some Strategic M&A

AgriFORCE Growing Systems

Click Here to Read the Latest Report on AgriFORCE. As Christmas approaches, AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is looking back on a series of exciting mergers and acquisitions (M&As) and forward to a fresh 2023. AgriFORCE is an agricultural technology company using cutting-edge innovations and leveraging a robust intellectual property (IP) portfolio to find solutions for the future of how food is developed and grown to meet demand from growing populations. The company has recently announced and has pending a series of acquisitions, including data and consulting company Delphy Group, biotech company Deroose Plants NV and IP from Manna Nutritional Group (MNG). These form part of its growth model for the future. Building On A Foundation Of Four Pillars AgriFORCE’s clear mission to the agricultural industry is supported by four pillars: 1) Facility and lighting design. The company delivers controlled-environment agriculture solutions emphasizing innovative designs. These utilize the power of natural sunlight within a controlled facility to create optimal plant growth conditions. 2) Automation and artificial intelligence. Its facilities use cutting-edge growth technology via artificial intelligence (AI) and the internet of things (IoT) to harness the fullest genetic potential of the product while minimizing resources and costs. 3) Fertigation and nutrients. Channeling its technological advantage, AgriFORCE uses lower feed applications for higher yields that simultaneously reduce environmental impact. 4) Micropropagation and genetics. Using IP, as well as tissue culture developments, the company uses asexual propagation to produce healthy and robust plants. AgriFORCE has strengthened its commitment to these pillars through its recent closed and pending acquisitions. The European agricultural technology (agtech) consultancy company Delphy is expected to soon join AgriFORCE, bringing its expertise in innovation and solutions in the agricultural and controlled-environment sectors. Expanding the company’s global reach, the pending Delphy acquisition will continue AgriFORCE’s solutions development through “top-tier R&D capabilities, a more diverse product pipeline, increased IP development capabilities and a broader footprint," said AgriFORCE CEO Ingo Mueller. The company also announced acquiring food processing and development IP from MNG. This includes patent-pending technologies to increase natural grain healthiness, amplifying AgriFORCE’s commitment to providing nutrient-dense, low-impact foods. Mueller commented on the Manna IP acquisition, “This acquisition is aligned with our broader strategy of leveraging our IP to meet the growing demand for healthy, delicious and nutritious foods.” Another company AgriFORCE has publicly announced a Binding Letter of Intent is leading tissue-culture and young plants company Deroose Plants. This commitment strengthens the company’s position in core markets and provides it with fresh abilities to increase its micropropagation and genetics portfolio. These closed (Manna) and pending (Delphy and Deroose) acquisitions represent a reinforcement of AgriFORCE’s position in the agtech market and complement each of its mission-driven pillars. Other companies working in the agtech space include FMC Corp. (NYSE: FMC) and Tyson Foods Inc. (NYSE: TSN). The company is excited for 2023 as it proceeds to launch its (UN)THINK food brand of high-protein, high-fiber, low-carb grains. Anticipation of closing of announced acquisitions, paired with future M&A in next-gen proteins, the company continues its vertical integration journey to achieve status as agtech 2.0. AgriFORCE is focussed and excited for further developments for 2023! Learn more about AgriFORCE by visiting its website. AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an agtech company focused on building an integrated agtech platform that combines the best technology, intellectual property and knowledge to solve an urgent problem – providing the best solutions to help drive sustainable crops and nutritious food for people around the world. Looking to serve the global market, the Company’s current focus is on North America, Europe and Asia. The AgriFORCE vision is to be a leader in delivering plant-based foods and products through an advanced and sustainable agtech platform that makes positive change in the world—from seed to table. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR - Malaika Temu malaika@tradigitalir.com Company Website https://agriforcegs.com/

November 30, 2022 09:26 AM Eastern Standard Time

Article thumbnail News Release

Crowdfunding 2.0 May Attract Larger, More Profitable Companies

ACFN Franchised Inc.

In April 2012, President Barack Obama signed the JOBS Act (Jumpstart Our Business Startups), also known as “the crowdfunding bill,” into law. The JOBS Act aimed to lessen regulatory burdens on small businesses and legalized equity crowdfunding, including removing the ban on a general solicitation that prevented entrepreneurs from publicizing that they were raising money. In practical terms, the JOBS act allowed businesses and investors to connect earlier in the development cycle enabling private investors to gain benefits previously reserved only for wealthy investors and Venture Capitalists (“VCs”). The initial bill imposed a maximum of $1,070,000 on the amount raised. Indiegogo and Kickstarter developed as two of the most popular crowdfunding platforms where entrepreneurs, startups and people with creative projects could raise capital to fund development. This appealed to a particular sector of business development but left out a lot of larger, more profitable quality businesses with larger capital needs. Crowdfunding 2.0 – building on the initial success of Crowdfunding and to expand the addressable market that can benefit from this relatively new method of raising capital, on November 2, 2020, the Securities and Exchange Commissions (“SEC”) announced new rules for equity Crowdfunding. Those new rules went into effect on March 15th, 2021. Key Takeaways: Regulation Crowdfunding annual limits increased from ~$1 million to $5 million Some other improvements made it easier to raise via equity crowdfunding Crowdfunding Market to Grow by USD 196.36 Billion during 2021-2025 With these new rules in place, will equity crowdfunding finally live up to its promise of disrupting early-stage financing? With the higher limit of $5,000,000, some companies like ACFN Franchised Inc. (“ACFN”) took note and are taking action. Crowdfunding platform Republic is one of the largest and most successful SEC-approved platforms facilitating Crowdfunding offerings with more than $1 Billion raised. ACFN decided to conduct its Crowdfunding campaign on Republic “They seemed very organized and had a corporate approach to the process that was a good fit for ACFN,” said Jeffrey D. Kerr, Founder and CEO of ACFN. “They have a due diligence process that both limits and qualifies the offerings on their platform resulting in higher quality offerings for their community of investors,” said Mr. Kerr. With audited financials reflecting revenue of $12,225,000 and a net profit of $613,000 in 2021, ACFN is a larger, more profitable company compared to the typical company raising capital with Crowdfunding. “We had no interest in Crowdfunding when the limit was only $1,070,000. There are simpler and quicker ways to raise capital at that rate as we did when we raised $2.25 million to help fund acquisitions in 2018 and then again in 2020,” said Jeffrey D. Kerr, Founder and CEO of ACFN. “When the limit was increased to $5 million, that was a game changer for ACFN and other companies like us,” said Mr. Kerr, that expects other larger, more profitable companies to enter the space as platforms and other support systems and services continue to develop. Of the 102 live opportunities listed on Republic, as of November 21 st, 2022 ACFN is the largest company by annual revenue and the only company with annual revenue above $10 million with ACFN revenue in the most recent 12 months reaching $14.5 million. “We are Crowdfunding to raise capital for current and specific acquisitions opportunities that will grow revenue substantially and profits exponentially,” said Jeffrey D. Kerr Founder and CEO of ACFN. “Crowdfunding is a great way for good companies with real growth opportunities to connect with investors directly, creating the opportunity for greater returns,” said Mr. Kerr. Both Founders and Investors are embracing Crowdfunding and billions of dollars have already been raised through SEC approval and regulated portals. Crowdfunding is connecting investors and companies directly and earlier in the growth cycle, creating mutually beneficial opportunities. Learn more about ACFN and other Crowdfunding opportunities on Republic Founded in 1996 and franchised in 2003, ACFN Franchised Inc. (“ACFN”) provides services to 2,700+ businesses in 46 states in collaboration with our network of 220+ franchise owners.Since inception, ACFN has provided a cumulative $5,000,000,000 of spending power to support and increase sales for our partner businesses. In just the last 12 months a total of $367,566,000 was dispensed through our network, generating more than $14,500,000 in fee revenue for ACFN. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Jeffrey Kerr Investor-Relations@acfn-solutions.com Company Website https://acfn-solutions.com/

November 30, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

Venus Protocol Explores Isolated Markets, Allowing Users To Lend Or Borrow Virtually Any Token On The BNB Chain

Venus Protocol

Venus Protocol (CRYPTO: XVS) is one of the largest algorithmic money markets and synthetic stablecoin protocols on the BNB Chain, intended to enable a fully decentralized finance-based lending and credit system for its users. It does this by enabling users to utilize their cryptocurrencies by supplying collateral to the network which can then be borrowed by pledging overcollateralized cryptocurrencies. In a major update to its user interface the platform integrated even more decentralized finance (DeFi) functions and interface upgrades to make Venus more interoperable, user-friendly, decentralized and community-oriented. Now, the Venus team is eyeing isolated lending pools in its next big update. Isolated Markets would enable users to lend and borrow virtually any token on the BNB Chain. Venus accounts for about an 84% market share of lending total value locked (TVL) — or the total value of assets available for lending on the BNB chain, making it the leading lending protocol on the chain. With the increased selection of lending pools, the platform could see even more growth in Venus’s TVL and number of users. Existing Lending Models Limit Users’ Asset Choices To understand isolated markets, it helps to first understand how lending works on Venus Protocol right now. The platform uses a common collateral pool model where all assets are deposited into one liquidity pool, which the protocol can then use to make loans to others. This model is great for capital efficiency because it allows the protocol to easily pull funds for loans at scale and on demand. But it also means all assets in the pool are vulnerable to bankruptcies in a single asset, as happened in May when errant pricing behavior for Terra (CRYPTO: LUNA) in a flash loan attack led to $11 million in losses for Venus Protocol. While the lending platform was quick to suspend the LUNA market and implement protective measures, the costly event is a prime example of why common pools require such conservative risk profiles for chosen assets. As a result, only a small selection of relatively low-risk assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) or Binance coin (CRYPTO: BNB) are supported, leaving few options for users interested in lending or borrowing newer or riskier assets. How Isolated Markets Could Create More Choices While Managing Risk The goal of implementing an isolated markets model in Venus Protocol is to expand the selection of assets available for lending and borrowing without exposing the entire liquidity pool to the risks of those new assets. With these independent lending environments, separate from the main protocol pool, individual users can choose which pools to participate in based on their personal risk preferences. More conservative users can stick to the main protocol pool while those who want to engage in lending riskier assets can participate in the isolated lending pools. To make that new future user-friendly and more intuitive for users of all experience levels, Venus wants to include a risk rating system that analyzes a range of exchange data and lending market metrics for assets to create a custom pool risk rating. That risk rating would make it easier for users to quickly and easily identify which custom pools meet their personal risk preferences. The resulting isolated markets model would open the door to creating lending pools out of virtually any token on BNB Chain and enable users to participate in the latest innovative protocol tokens — all while benefiting from a more transparent risk assessment system that makes it easier for users to find lending pools that fit their risk profile. Venus Protocol (“Venus”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin. The difference of Venus from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. These synthetic stablecoins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. Venus utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Venus Protocol contact@Venus.io Company Website https://venus.io/

November 30, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

What Are Politicians Really Saying In Their Speeches? See How FiscalNote (NYSE: NOTE) Uses AI Bot Margaret For Some Clues

Benzinga

Margaret, the artificial intelligence (AI) bot, has a knack for interpreting presidential mannerisms. Dubbed a specialist in ‘Trump-speak,’ Margaret has an internal record of the former president’s distinctive use of syntax, phrases and sentence structures. The bot, for example, reportedly knows the extent of Trump’s vocabulary, how many words he speaks per minute, what body part he moves when he’s angry and other distinct mannerisms. By carefully measuring his distinct features, Margaret is possibly capable of gauging Trump’s stress levels during political speeches, predicting what he might say in public before he does and even suggesting when he might be lying. In short, the bot is a bona fide expert on former president Trump. She knows his tics, tells, tendencies and habits. How, you may be wondering, did she get there? Teaming up with a computer expert with a Ph.D. in machine punctuation, Bill Frischling fed his AI bot over 40 years’ worth of Trump-like speech gleaned from Trump’s interviews, public letters, tweets and television appearances. The result is an 11-million-word data mine, a proverbial treasure chest of the Trump lexicon, which Margaret was taught to decipher and understand. But it wasn’t all smooth sailing. When Frischling first started working on his AI bot, it crashed while transcribing Trump’s speech commemorating the anniversary of the Battle of the Coral Sea. The speech – with all of Trump’s syntax, sub-clauses, trail-offs and mannerisms that make up his distinctive style – caused the bot to malfunction. Now, some might say, the bot knows more about Trump than most Americans do. FiscalNote Acquires FactSquared: The Details The interesting news is that this technology is now available to consumers. FactSquared, the company responsible for Margaret’s creation, is now a part of FiscalNote (NYSE: NOTE), a specialist in data collection provides insight into regulatory processes in the U.S. Margaret can reveal incredible things about U.S. presidents after digesting so much information. For example, Frishling told the Los Angeles Times that Trump doesn’t appear stressed when he’s lying. Frischling has taken his work with Trump and extended it to important political candidates. As reported in the Los Angeles Times, he proposes that certain members of Congress “tend to forecast when they are about to make a policy shift, focusing more on their public comments on a given topic and altering their language.” It’s clear that such information, which gives stakeholders a hint at what the future may hold, could create a huge edge over competitors. Speaking of the acquisition, CEO Tim Hwang said: “Receiving timely and accurate read-outs of comments made by our public officials is a crucial service to our clients. FactSquared’s commitment to innovative rigor in the transcripts space will not only further strengthen the robust set of products and services we provide clients, but also drive meaningful technological innovation as we continue expanding the breadth and depth of our offerings globally.” FactSquared has evolved its AI prowess to include information on current U.S. President Joe Biden and even corporate earnings calls. The two additions are available on the factba.se website, which was cited over 4,000 times by local and global media sources. Through FiscalNote, any customer can now unlock AI’s predictive capabilities to see through political guises and uncover the truth. Learn more about FiscalNote here. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 30, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

As EV Manufacturers Look To Reduce Fire Hazards, Electrovaya Aims To Offer The Safest Lithium Ion Battery In The Industry

Electrovaya Inc.

As electric vehicles (EVs) from Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F) and Stellantis NV (NYSE: STLA) catch fire in the wake of Hurricane Ian, manufacturers have placed renewed urgency on finding safer, less fire-prone batteries to power their EVs. The outbreak of EV fires mirrors the aftermath of Hurricane Sandy in 2012 when over 300 EVs manufactured by Fisker Inc. (NYSE: FSR) caught fire in Newark, New Jersey. To address those serious safety issues, Electrovaya Inc. (OTCQB: EFLVF) has spent decades refining its proprietary Infinity Battery platform to offer one of the safest lithium-ion batteries on the market. Here’s what sets its technology apart from the rest. Solving Lithium Ion Battery Safety Issues Remains An Industry Wide Challenge Leading EV battery suppliers like LG Energy Solution Ltd. (KRX: 373220), Panasonic Holdings (OTCMKTS: PCRFY) and Contemporary Amperex Technologies Co. Ltd. (SHE: 300750) have been working hard to improve the safety of their technology but still face regular recalls. That’s because lithium-ion batteries are fire-prone by nature. The liquid electrolyte that the battery’s charge flows through is a highly flammable solvent.While certain design features can help minimize safety and fire risk, defective materials, damage, or the gradual degradation of materials with time can all make the battery more vulnerable to failure. Electrovaya’s Infinity Battery Aims to Set the Standard for Safety in Lithium Ion Technology To make its Infinity Battery platform as safe as possible, Electrovaya uses a pouch cell design with a proprietary electrolyte optimized to withstand high temperatures and a unique woven ceramic separator that can withstand extreme heat. That design ensures multiple levels of thermal protection to decrease the likelihood of a fire while the pouch cell design offers a final stop-gap safety measure to contain any fire within the sub-module where it ignited, thereby preventing flames from escaping the enclosure. In addition to the safe design of the battery cells themselves, Electrovaya has developed its own cloud-based Battery Management System that monitors battery health, temperature and charging state to anticipate repairs and maintenance needed as well as automatically shut down the battery when it detects unsafe conditions. It’s features like these that helped the battery successfully pass safety testing to receive UL 2580 certification, an industry safety standard for EV batteries. The technology, having already been used to power about 20,000 Daimler smart cars, Electrovaya says batteries with the Infinity Technology has had zero safety incidents to date, making them one of the few lithium ion battery platforms have no known safety incidents. About Electrovaya Inc. Electrovaya Inc. (TSX: EFL) (OTCQB: EFLVF) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Company's Infinity line of batteries is focused on commercial vehicles and its Solid State Technology under Development is focused on passenger vehicles. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Jason Roy +1 905-855-4618 jroy@electrovaya.com Company Website http://www.electrovaya.com

November 30, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

OnePlus Confirms Extension of Software Support

OnePlus

LONDON, UK - Media OutReach - 30 November 2022 - Global technology brand OnePlus reaffirmed its commitment to elevate the smartphone usage experience by offering four generations of OxygenOS and five years of security updates on selected devices launched in 2023 and beyond. This move will ensure users a fast and smooth experience for longer. "OxygenOS is an integral part of OnePlus, co-created by our community members,” said Gary Chen, Head of Software Products at OnePlus. “As a user-oriented company, we do everything we can to enhance user experience. This software upgrade policy is designed in response to changing market dynamics and allows for longer replacement cycles for mobile devices. This new update policy will give users access to the latest security and functional features required to power OnePlus’ signature fast-and-smooth experience throughout the lifetime of the phone.” More details about the new update policies and eligible OnePlus devices will be coming soon. About OnePlus OnePlus is a global mobile technology brand challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely-designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans. For more information, please visit OnePlus.com or follow us on: Instagram - https://instagram.com/oneplus Facebook - https://facebook.com/oneplus Twitter - https://twitter.com/oneplus LinkedIn - https://www.linkedin.com/company/oneplus Contact Details OnePlus Malcolm Cheng malcolm.cheng@oneplus.com

November 30, 2022 06:00 AM Eastern Standard Time

Article thumbnail News Release

Minebase Web3 Reaches 800,000 Users Within Two Months of Official Launch

Minebase

Minebase, the energy-efficient algorithmically managed blockchain, has announced that it reached 800,000 users in just two months after its official launch. Minebase started in 2017 with the aim of creating a coin backed by gold. But with 2018's new stablecoin regulations, the project could not continue. As an entrepreneur, Dr. Seiz set out to create a token like Bitcoin with an algorithm that won't massively pollute the environment. With its unique Creative Token Production (CTP) algorithm, the tokens are released into circulation through transaction fees that existing blockchains already generate. The protocol has received extraordinary growth throughout its first month of operations and is set to celebrate it with a blockchain-wide competition where participants can win up to 10,000USDT by completing simple tasks. About $MBASE and CTP The Minebase Token ($MBASE) is an ERC20 token released into circulation through Creative Token Production (CTP), an energy-efficient algorithm that controls the token supply and floor price. The smart contract controls the algorithm to adjust the token price based on the crypto market's behaviour. Minebase releases new MBASE tokens from the transaction fees its users generate. Blockchains like Bitcoin use the proof-of-work algorithm that consumes much energy to mine cryptocurrencies. Minebase aims to change this with the in-house developed CTP algorithm. The algorithm makes it possible to generate $MBASE tokens through the transaction fees on Bitcoin, Ethereum, and the top 20 decentralized exchanges. MBASE mining does not require expensive hardware equipment and has zero power consumption compared to Bitcoin. Minebase has demystified the concept of crypto mining, and users can earn $MBASE tokens with a smartphone or computer. Users need to create a Minebase account and wallet address. Then, all the fees used to trade on supported blockchains will be deposited in the wallet address and can be used to create $MBASE. In addition to generating $MBASE through transaction fees, CTP will also allow users to generate $MBASE through walking. Users need to walk 6 kilometres with their smartphones to generate one $MBASE token. Also, the speed of Minebase token generation depends on how fast they are walking. The mobile application is set to launch in the third quarter of 2023. Users can also earn $MBASE tokens by staking a principal. However, the total supply of Minebase tokens is fully controlled by CTP, and the Minebase team can not alter it. So, users need not worry about oversupply and a lack of demand in the market. About Minebase This is the beginning of a new crypto era that requires a new revolutionary cryptocurrency. Minebase was founded as an ecosystem of tools, applications, games, and utilities that add to the world of crypto and make it more vibrant. Minebase combines the expertise of tool development, application development, crypto, and NFT games. This is an area where a few possess the skill combination that Minebase has. In addition, Minebase's energy-efficient cryptocurrency is immune to external factors like market demand and supply. Useful Links Website: minebase.com CTP: https://minebase.com/creating/what-is-ctp/ Register: https://app.minebase.io/login Twitter: https://twitter.com/MineBase_io LinkedIn: https://www.linkedin.com/company/minebase-io/ Contact Details Minebase Nelli Toboc contact@minebase.com Company Website https://minebase.com/

November 29, 2022 01:02 PM Eastern Standard Time

Image
Article thumbnail News Release

Jon Harper Appointed as Chief Client Officer for Assembly Europe

Assembly

Global omnichannel media agency Assembly has elevated Jon Harper to a new role as Chief Client Officer for its European business. The role is the first of its kind for Assembly in the region, signaling the increasing importance of Client Experience & Leadership within the agency. Over the course of Jon’s 6-year tenure with Assembly, he has worked with clients including Lenovo, Ralph Lauren, Tommy Hilfiger, Calvin Klein, and Converse with great success, building strong relationships across the board. With his new appointment, Harper will be leading every step of the client relationship journey in the business for Europe. “Assembly has grown and evolved to become a true global force beyond digital media, leading the agency to win large omnichannel deals and expanding existing client relationships. Through this, we have identified the need to go further to support clients with a broader set of solutions at a high service level in order to promote growth in a constantly evolving media landscape. Our aim is to ensure clients have the best data, tech, and talent in the industry,” said Jon Harper, Chief Client Officer, Assembly Europe. Part of achieving this has been the creation of the Client Experience and Leadership pillar (CEL), led by Harper in Europe and other leaders across Assembly’s business. This ongoing investment focuses on driving new standards of creativity and improving the agency’s viewpoint on clients’ needs. This has included “brand immersion days” and stepping outside of standard client-agency interactions through hosting Q&A sessions all the way through to getting back to the basics by visiting brand stores and speaking to front-of-house staff to truly know the heart of each brand the agency works with. Jon added, “We firmly believe that everyone is a part of client services within the agency. That’s why we’re training everyone to be immersed in our clients’ brands – my goal is for all of our teams to have more dedicated client service time and to roll out our new global CEL toolkit to assist with this.” Assembly Europe’s Managing Director, Kate O’Mahony commented, “We are delighted about Jon’s elevation to Chief Client Officer. His rich experience and willingness to go above and beyond when it comes to getting to know our clients has proven fruitful. With Jon leading this division, we will continue to drive proactive relationships and deliver higher levels of innovation in connecting Assembly with our existing and future clients.” ABOUT ASSEMBLY: Assembly is the modern global omnichannel media agency, bringing data, talent, and technology together to find the change that fuels growth for the best brands on the planet. Our approach connects big, bold brand stories with integrated, global media capabilities that deliver performance and drive large-scale business growth. Our work is powered by our proprietary, in-house technology solution, STAGE, and led by our global talent base of over 1,600 people around the world. We’re purpose-driven at our core and pioneers in social and environmental impact in the agency world. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. Contact Details Assembly Gunilla Huddleston, VP of Marketing, Europe gunilla.huddleston@assemblyglobal.com Company Website https://www.assemblyglobal.com/

November 29, 2022 01:00 PM Eastern Standard Time

Image
Article thumbnail News Release

Symphony powers up its markets strategy with the acquisition of NLP platform Amenity Analytics

Symphony Communication Services

Symphony - the leading markets’ infrastructure and technology platform - has acquired Amenity Analytics, a natural language processing (NLP) data analytics solution driving actionable insights to portfolio managers, research professionals, analysts and other financial markets participants. This acquisition will enhance Symphony’s markets strategy with highly relevant data and business insights use cases, including powerful ESG capabilities. Amenity specializes in extracting insights - through research quality assurance, tagging and key drivers - from a variety of content types including earnings call transcripts, news, social media, filings, and research, among other publicly available sources. Through this acquisition, Symphony will provide the market with a purpose-built, transparent and comprehensive insights and analytics offering that will help firms cut through noise and provide business intelligence in real time, reinforcing the company’s position in enabling content distribution. Symphony CEO, Brad Levy, said: “We are excited to provide a highly relevant NLP solution to support firms in addressing some of their most pressing challenges with a powerful business insights platform through the Amenity Analytics acquisition. Our enhanced offering will allow the Symphony community, particularly buy-side firms, to track corporate activity, positioning, messaging, performance and sentiment that can be measured against a peer group. We understand the impact our NLP generated business analytics will have in facilitating insights driven decisions on multiple fronts.” “We are delighted to be joining such a strong team in the industry. This opportunity was uniquely attractive to us as we think the combination of our expertise in NLP with Symphony’s best in class communications platform, will yield exciting outcomes for our customers,” said Nathaniel Storch, Amenity Analytics CEO. “Amenity has developed impactful use cases that tackle real time ESG insights, targeted content delivery and information overload, all key to the future of the finance world, and now they’ll be available to the over 1000 institutions Symphony serves,” he said. Amenity Analytics is the third company Symphony has acquired in the past 18 months. In June 2021, Symphony acquired the trader voice and electronic communication company Cloud9 Technologies and later that year, in August, the counterparty mapping platform StreetLinx. As a result of the integration of both firms’ technology and talent, Symphony has now introduced its Instant Voice proposition and enhanced its directory. Goodwin Procter LLP were legal advisers to Symphony, while D.A. Davidson and Bryan Cave Leighton Paisner LLP were financial and legal advisers, respectively, to Amenity Analytics in this transaction. Financial details of this transaction have not been disclosed. About Symphony Symphony is the most secure and compliant markets’ infrastructure and technology platform, where solutions are built or integrated to standardize, automate and innovate financial services workflows. It is a vibrant community of over half a million financial professionals with a trusted directory and serves over 1000 institutions. Symphony is powering over 2,000 community built applications and bots. For more information, visit www.symphony.com. Contact Details Odette Maher +44 7747 420807 odette.maher@symphony.com Company Website https://symphony.com/

November 29, 2022 10:00 AM Eastern Standard Time

1 ... 339340341342343 ... 612