Tag: Expansion

Exotec raises $90M to support the international expansion of its warehouse robotics solutions

LILLE, France, Sept. 29, 2020 /PRNewswire/ — Exotec, a leading robotics solution for logistics and creator of the Skypod 3D warehouse robots, announces today a $90 million financing round, led by 83North – with participation from Dell Technologies Capital – and supported by historical investors, Iris Capital and Breega.

This new funding will further fuel Exotec’s international development, especially their recently formed Atlanta and Tokyo teams and help them meet the growing demand for warehouse automation technology in the United States and Asia. Exotec has the ambition to become the leader in robotics solutions for logistics and forecasts they will produce up to 4,000 robots per year by 2021.

Exotec’s revolutionary robots allow retailers and e-merchants to quadruple their warehouse productivity and increase up to five times their storage capacity. Their autonomous robots can move in a unique three-dimensional pattern at a speed of 13 feet per second,

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

NOGALES, Ariz., Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
NOGALES, Ariz., Sept. 22, 2020 (GLOBE NEWSWIRE) — Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced that its Board of Directors has authorized a $5.0 million expansion of the Company’s existing share repurchase program.

With this authorized expansion, the Company now has approximately $7.0 million available to repurchase shares of the Company’s common stock, $2.0 million of which remains from the previous expansion, most recently announced in December 2019.

Lloyd Hoffman, President and Chief Executive Officer of Alpha Pro Tech, commented, “Our record revenue growth and cash flow generation through the first six months of 2020, in conjunction with the expectation of strong operating results for

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Amazon quietly announces major expansion to neighborhood surveillance networks

Blink and you’ve missed it. 

Amazon, the powerhouse behind the Ring security camera network, is coming for your community. On Monday, the surveillance juggernaut announced a major expansion to its smart neighborhood effort dubbed Sidewalk. Notably, Amazon failed to highlight one crucial detailed specified in the accompanying white paper: If you already own one of 20 existing Amazon products, you’ll automatically be participating unless you actively opt out.

Launching later this year (if all goes according to plan), Sidewalk “[extends] the low-bandwidth working range of [Amazon] devices, and help[s] devices stay online and up-to-date even if they are outside the range of home Wi-Fi.”

In other words, Amazon’s line of surveillance tech (think Ring Floodlight Cams and Ring Spotlight Cams) will help connect itself — well past the reaches of a typical home’s WiFi. 

“Customers with a Sidewalk gateway are able to contribute a small portion of their internet bandwidth,”

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Within3 Raises over $100 Million in Growth Funding to Fuel Rapid Global Expansion

Life science companies worldwide are using Within3 as their primary platform for enterprise-wide virtual communication.

Within3, the leading enterprise-wide solution for life science collaboration and communication, closed over $100 million in growth funding in a financing round led by Insight Partners, with participation from Silversmith Capital Partners. The funding will be used to accelerate product innovation, build infrastructure to outpace growing demand, and fuel international expansion.

20 out of the top 20 pharmaceutical companies already use Within3 for global collaboration to bring drugs to market more quickly, publish clinical studies, host advisory boards and engage virtually on any business initiative with multi-stakeholder involvement. With users in over 150 countries and thousands of implementations worldwide, Within3 is the pioneer in enabling complex virtual communication in a secure environment. Each implementation is carefully designed to drive business outcomes and allows asynchronous participation supplemented with real-time touchpoints. Always-available reporting and analytics ensure real-time

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Rackspace Technology supports gohenry’s global expansion with migration to Google Cloud

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

LONDON, Sept. 23, 2020 (GLOBE NEWSWIRE) — Rackspace Technology(TM) (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, has supported gohenry with its global growth plans by migrating its IT environment to Google Cloud, delivering enhanced security and scalability for the next-generation money app.

Since migrating 99% of its services to Google Cloud, gohenry, the prepaid Visa debit card and app designed exclusively for 6-18-year-olds, doubled its customer base between 2018 and 2020, reaching one million customers. It also sharply increased its revenue year-on-year with latest reports showing an annual turnover of �13 million in 2019 as families increasingly look to cashless solutions to help children become skilled in money management.

As a premier partner for Google Cloud, with over 370+ technical certifications, Rackspace Technology supported gohenry throughout

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Kenya’s Safaricom eyes new technology, expansion into Ethiopia

Kenyan telecoms giant Safaricom is seeking to transform itself into a technology company, offering new financial solutions to anyone from small businesses to farmers, new CEO Peter Ndegwa told AFP.

Listed on the Nairobi stock market, Safaricom is one of the biggest companies in East Africa, its success fuelled by its mobile money service Mpesa, which was launched in 2007 and has become indispensable in Kenya.

Ndegwa, who was named the group’s new CEO following the death of Bob Collymore, said the future of Safaricom would come from “combining technology and innovation.”

“We want to move away from being a telecom business into a purpose-led technology company,” he said.

“That will mean that we will use technology to create change in other ecosystems in the same way that we have done with Mpesa in the financial services area, in areas such as agriculture, health, education.”

As an example, he cites

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Contributions from Morgan Stanley, EPAM and New Board Leadership Highlight FINOS’ Expansion in 2020

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

September 11, 2020 (ACCESSWIRE via COMTEX) —
New Codebase Contributions Meet Client Demands on the Buy-Side and Make Enterprise Development More Efficient

Morgan Stanley’s Dov Katz and RBC’s Kim Prado Become FINOS’ Board Chair and Vice Chair Respectively

NEW YORK, NY / ACCESSWIRE / September 11, 2020 / Open source technology’s ubiquitous influence has changed the way business is conducted in almost every facet of the global economy. As financial firms see value in open source collaboration, FINOS (The Fintech Open Source Foundation), a nonprofit whose mission is to foster adoption of open source, open standards and collaborative software development practices in financial services, today announces two significant new codebase contributions – Morphir contributed by Morgan Stanley and EPAM GLUE. Also, the foundation announces new board leadership that underscore its positive momentum over the past year.


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Universal Technical Institute Announces Welding Program Expansion and Additional Real Estate Rationalization Benefits

PHOENIX, Sept. 9, 2020 /PRNewswire/ — Universal Technical Institute (NYSE: UTI), the nation’s leading provider of transportation technician training, announced the expansion of its Welding Technology program to a seventh campus and significant cost savings from lease restructuring and rightsizing at its Sacramento campus.” data-reactid=”12″PHOENIX, Sept. 9, 2020 /PRNewswire/ — Universal Technical Institute (NYSE: UTI), the nation’s leading provider of transportation technician training, announced the expansion of its Welding Technology program to a seventh campus and significant cost savings from lease restructuring and rightsizing at its Sacramento campus.

(PRNewsfoto/Universal Technical Institute,)

“As more Americans turn to technical careers, and as we continue to see increasing interest in UTI’s education, we remain focused on delivering growth through innovative initiatives to attract and serve more students, meet the nation’s urgent need for skilled workers, and optimize our cost structure,” said Jerome A. Grant, Chief Executive Officer. “We are

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Livspace Bags $90 Mn in Series D Round, Eyes Expansion Plan In APAC

Livspace was founded in 2014 by Anuj Srivastava and Ramakant Sharma and launched its operations in Bengaluru in 2015

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Home interiors and renovation platform – Livspace on Thursday announced that it has raised $90 million in an oversubscribed round led by Kharis Capital – a Switzerland-based investment firm and Venturi Partners. New investors such as FFP, Peugeot Group’s holding company, and EDBI along with existing investors Ingka Investments, TPG Growth, and Goldman Sachs were among others who participate in this Series D round of investment.

The startup will utilize the fresh capital infusion to expand its market operation, enhance its technology infrastructure, expand its supply chain and create new market offerings and private labels in APAC. In a statement, the

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