Tag: Enhances

ABB Enhances Portfolio of High-Speed Industrial Robots With Codian Acquisition

Strategic buy builds on industry-leading food and beverage, pharmaceutical and logistics portfolio

ABB has acquired Codian Robotics B.V., a leading provider of delta robots, which are used primarily for high-precision pick and place applications. Codian Robotics’ offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the transaction, ABB is accelerating its engagement in the growing field of delta robots.

Codian Robotics is located in Ede, Netherlands and employs 20 people globally. The company will continue to serve its customers directly. The acquisition was signed and closed on October 1, 2020 and both parties agreed not to disclose any details regarding the purchase price.

“Our acquisition underscores our focus on breakthrough technology, helping our customers to fully realize the potential of automation and increase their flexibility in a rapidly changing business landscape,” said Sami Atiya, President of ABB Robotics & Discrete Automation. “Codian

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Sirius Group Enhances Its Global Business Technology Team; Creates New Global Leadership Structure

HAMILTON, Bermuda, Oct. 01, 2020 (GLOBE NEWSWIRE) — Sirius International Insurance Group, Ltd. (Nasdaq:SG) (“Sirius Group” or the “Company”) today announced that it has enhanced its Global Business Technology (GBT) team through the enhancement and realignment of its global management structure. This expansion will enable the firm to advance innovative solutions for its customers, improve operational efficiencies and further reduce costs and redundancies.

This restructuring is the final phase in Sirius Group’s GBT transformation which began in late 2019 when Beth Boucher, Global Chief Information Officer (CIO), was hired to provide strategic IT leadership and direction for Sirius Group and its global business segments with the focus on delivering technology solutions to drive innovation throughout the firm.

“Since Beth joined Sirius Group last fall, she has been leading an initiative to undertake a thorough review of the firm’s global business technology capabilities with the goal to maximize innovation and operational

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Citi Enhances Middle Office Services with New Client Reporting Solution

The MarketWatch News Department was not involved in the creation of this content.

Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the industry’s latest technology, including the Vermilion Reporting Suite, a leading global client reporting platform, coupled with Citi’s own Clarity data and analytics platform.

“This enhancement is the result of significant investments Citi has made in technology and intensive teamwork between Citi and our anchor client,” said Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi. “Client reporting is an increasingly important function for asset managers in the investment life cycle, and we are pleased to be able to upgrade this service as part of our commitment to building out a world-class middle office platform.”

Citi’s new client reporting service offers its asset manager clients a low-touch, automated solution for configuring,

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