Enterprise

Humane Signs Strategic Deal With SoftBank

By Amit Chowdhry ● Mar 3, 2024

Humane has revealed plans for a telecommunications partnership with SoftBank for the Humane Ai Pin, the first stand-alone Ai device and proprietary Ai-driven OS, CosmOS.

Pretium And Hunter Point Capital Sign Strategic Partnership

By Amit Chowdhry ● Mar 1, 2024

Pretium (a specialized investment firm with over $50 billion in assets under management) announced a strategic partnership with Hunter Point Capital (HPC). And this partnership, which includes a minority investment from HPC, aims to support the long-term growth of Pretium's existing strategies – residential real estate and corporate and structured credit – and enable the firm to expand into adjacent areas to create additional value for its clients, residents, and employees.

LPL Financial Launches New Continuity Private Wealth Practice

By Amit Chowdhry ● Feb 28, 2024

LPL Financial announced that financial advisors James “Jamie” P. Debuque, CPFA, CPWA, CRPC, and Timothy M. Baltz, CPFA, CRPC, have launched a new independent practice Continuity Private Wealth, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. And they reported having served approximately $1 billion in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch.

SAS Partnering With Carahsoft To Bring AI And Data Management To The Public Sector

By Amit Chowdhry ● Feb 28, 2024

Data and AI leader SAS announced a new distribution agreement with Carahsoft Technology. Under this agreement, Carahsoft will serve as a SAS Public Sector Distributor, making the company's analytics, AI and data management solutions available to US Government agencies through Carahsoft's reseller partners and various contract vehicles and government schedules. SAS and Carahsoft offer potent benefits for SAS' resellers in the public sector.

Meketa Capital Reveals Additional Equity Owners And Board Members

By Amit Chowdhry ● Feb 26, 2024

Meketa Capital - a newly launched subsidiary of Meketa Investment Group focused on delivering private markets investment solutions to financial intermediaries and their clients - recently announced additional equity ownership in the firm and the appointment of several individuals to the firm’s Board.

Wintrust Financial And LPL Financial Sign Strategic Relationship

By Amit Chowdhry ● Feb 26, 2024

LPL Financial and Wintrust Financial announced an agreement to transition support of the wealth management business of Wintrust Investments and certain private client business at Great Lakes Advisors and their approximately 85 advisors and about $16 billion of brokerage and advisory assets to the LPL Institution Services platform.

David Eisenhauer And Team Launching Greykasell Wealth Strategies

By Amit Chowdhry ● Feb 19, 2024

David Eisenhauer, CFP, CPA, CLU, and his team announced the launch of Greykasell Wealth Strategies, an independent registered investment advisor (RIA) with the SEC serving the intricate financial needs of high-net-worth individuals, families, and business owners.

Prospera Financial Brings In Painter, Smith & Amberg To Its Network

By Amit Chowdhry ● Feb 19, 2024

Prospera Financial Services (a boutique wealth management firm supporting a nationwide network of independent advisors) announced that advisors Charles Painter, David Smith, Jeffrey Amberg, and Kallie Rawson of Painter, Smith & Amberg have joined its network. Based in Redlands, California, the firm holds $650 million in assets under management (AUM).

Bill Ackman Launching Public Fund Pershing Square USA

By Annie Baker ● Feb 8, 2024

Bill Ackman - the renowned billionaire hedge fund manager - has launched a new investment portfolio in the U.S., according to regulatory filings. It is believed that this new fund will mimic his existing hedge fund, but it will be offered at lower fees.

Walmart Plans To Add 150 More Stores Across The U.S.

By Amit Chowdhry ● Feb 1, 2024

John Furner, President and CEO of Walmart U.S., announced that Walmart currently employs about 1.6 million people in the country. The company plans to support even more jobs by expanding and modernizing the facilities. Over the next five years, Walmart plans to build or convert more than 150 stores while continuing our program to remodel existing stores.

IBM Buying Application Modernization Capabilities From Advanced

By Annie Baker ● Jan 22, 2024

IBM has announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, which brings a combination of talent, tools, and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. This planned acquisition will further enable IBM to support clients’ mainframe application modernization journeys, marking another critical step forward in IBM’s hybrid cloud and AI strategy.

Vanguard Partners With Vanilla To Launch Enhanced Digital Estate Planning Tools

By Annie Baker ● Jan 22, 2024

Vanguard announced it is introducing new and enhanced intergenerational wealth and legacy planning capabilities through a partnership with Vanilla, a provider of digital estate planning tools and solutions.

Mars: $237 Million Nature’s Bakery Facility To Be Built In Salt Lake City

By Annie Baker ● Jan 17, 2024

Mars announced the establishment of a 339,000 sq. ft. baking facility by Nature's Bakery in Salt Lake City. And Nature's Bakery projects to add over 190 jobs to its Utah location and invest $237 million in its Utah facility.

Synopsys Buying Ansys In A $35 Billion Deal: Details

By Amit Chowdhry ● Jan 16, 2024

Synopsys and Ansys announced today that they have entered into a definitive agreement under which Synopsys will acquire Ansys. These are the details.

Twilio: Khozema Shipchandler Named As CEO

By Amit Chowdhry ● Jan 9, 2024

Twilio - the customer engagement platform that drives real-time and personalized experiences for today’s leading brands - announced that Khozema Shipchandler, formerly President of Twilio Communications, has been appointed Chief Executive Officer and will join the company’s Board of Directors, effective immediately. Shipchandler is succeeding Jeff Lawson, Twilio’s co-founder, who is stepping down as CEO and as a member of the Twilio Board. Jeff Epstein (a member of the Twilio Board and Lead Independent Director since 2017) has been appointed as Chair of the Twilio Board.

SilverSun Raising $1 Billion In Investment Agreement Led By Brad Jacobs

By Amit Chowdhry ● Dec 4, 2023

SilverSun Technologies (SSNT) and Jacobs Private Equity II, LLC (JPE) - which is led by Brad Jacobs - announced today that they and minority co-investors have entered into an investment agreement, under which JPE and the minority co-investors will invest $1 billion in cash into SilverSun. This proposed equity investment comprises $900 million by JPE and $100 million by co-investors, including Sequoia Heritage.

American Express Launches Business Checking For All Eligible U.S. Small Businesses

By Amit Chowdhry ● Nov 10, 2023

American Express recently announced that American Express Business Checking is now available to any eligible U.S. small business. This offers a digital banking experience with no monthly fees, 24/7 service, and the ability to earn and redeem Membership Rewards points for select travel and for deposits directly into their Business Checking account.

Illuminate Financial: $235 Million Third Fund Closed

By Amit Chowdhry ● Jul 11, 2023

Illuminate Financial - a financial services-focused venture firm - recently announced it has closed its third fund, a $235 million fund to invest in early-stage businesses solving problems for financial institutions.

TealBook: Quentin Schmick Named As New VP Of Engineering

By Amit Chowdhry ● Jul 11, 2023

TealBook - a leading supplier data platform that autonomously enhances supplier data - announced its new Vice President of Engineering Quentin Schmick.

DigitalOcean Buying Paperspace For $111 Million: Details

By Annie Baker ● Jul 8, 2023

DigitalOcean - the cloud for small and medium-sized businesses (SMBs) and startups - recently announced it has acquired Paperspace, a leading provider of cloud infrastructure as a service for highly scalable applications leveraging graphics processing units (GPUs).

Blank Rome Welcomes 7 New Attorneys And 2 International Trade Pros

By Annie Baker ● May 2, 2023

Blank Rome LLP announced it is welcoming seven new attorneys and two international trade professionals to the firm’s International Trade practice group in Washington, D.C., which further strengthens the firm’s capabilities in this area.

Fusion Risk Management Receives Strategic Growth Investment from Great Hill Partners

By Annie Baker ● May 1, 2023

Fusion Risk Management - a leading provider of cloud-based operational resilience, business continuity, and risk management software and services - announced a strategic growth investment from Great Hill Partners.

Stack Identity: Identity And Access Management Company Secures $4 Million

By Noah Long ● May 1, 2023

Stack Identity - a startup that is automating identity and access management (IAM) governance to identify and eliminate cloud data threat vectors - announced its emergence from stealth mode. And the company also revealed the closing of a $4 million seed funding round co-led by WestWave Capital and Benhamou Global Ventures.

Rogers Signs Deal With SpaceX For Satellite-To-Phone Coverage In Canada

By Noah Long ● Apr 27, 2023

Rogers Communications and SpaceX announced the companies have agreed to bring satellite-to-phone coverage nationwide to ensure Canadians stay connected in areas beyond the limits of traditional wireless networks.

Quantexa: $129 Million Funding And $1.8 Billion Valuation

By Annie Baker ● Apr 4, 2023

Quantexa - a global leader in Decision Intelligence (DI) solutions for the public and private sectors - announced that it has completed a $129 million Series E funding round. This latest funding round secures the British company’s unicorn status with a valuation of $1.8 billion.