Agility

EQS-News: Heliad AG: Razor Group raises USD 100m and acquires competitor Perch.

Retrieved on: 
Wednesday, March 13, 2024

Heliad AG: Razor Group raises USD 100m and acquires competitor Perch.

Key Points: 
  • Heliad AG: Razor Group raises USD 100m and acquires competitor Perch.
  • Razor Group raises USD 100m and acquires competitor Perch.
  • Frankfurt am Main, 7th March 2024 - Razor Group (“Razor”), a portfolio company of Heliad AG (Stock ticker A7A, ISIN DE0001218063), has acquired its US-based E-Commerce aggregator competitor Perch in an all-stock deal and simultaneously announces a USD 100m Series D round, led by Presight Capital.
  • Combined with a focus on technological innovation and product development, Razor positions itself as the leading next-generation brand aggregator.

Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

LAKE FOREST, Ill., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) today reported results for the fourth quarter of 2023. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “This was a pivotal year for Pactiv Evergreen. The Company’s commitment to operational excellence and profitable growth helped offset the headwinds we encountered throughout the year. Our teams demonstrated agility and discipline, allowing the Company to exceed its financial goals while also delivering for customers. The Company made significant progress on multiple fronts of its transformational journey in 2023, and I cannot thank our employees enough for their hard work. Looking ahead to 2024, the Company plans to initiate the next phase of its strategic transformation through a footprint optimization plan, which will include the rationalization of a portion of the Company’s production capacity. We expect these actions to generate significant annual cost savings and better align resources and capabilities with customers’ needs as the Company targets sustainable growth opportunities.”

Key Points: 
  • Fourth Quarter 2023 Financial Highlights:
    Total Net Revenues of $1,274 million for the fourth quarter of 2023 were down 14% compared to $1,476 million in the fourth quarter of 2022 and down 8% compared to $1,379 million in the third quarter of 2023.
  • Adjusted EPS1 of $0.33 for the fourth quarter of 2023 compared to $0.17 in the fourth quarter of 2022 and $0.32 in the third quarter of 2023.
  • LAKE FOREST, Ill., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) today reported results for the fourth quarter of 2023.
  • Fourth Quarter 2023 Results vs. Fourth Quarter 2022 Results
    Total net revenues in the fourth quarter of 2023 were $1,274 million compared to $1,476 million in the fourth quarter of 2022.

Core Health & Fitness Overcomes Supply Chain Challenges with Redwood Logistics’ Innovative Integrated Solutions

Retrieved on: 
Wednesday, February 28, 2024

Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.

Key Points: 
  • Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.
  • With a firm commitment to enhancing the customer experience during this time, Core Health & Fitness sought a logistics partner with staying power.
  • "Our partnership with Redwood Logistics has been instrumental in overcoming the supply chain challenges brought forth by the pandemic," said Ken Eastman, Chief Information Officer, Core Health & Fitness.
  • Redwood delivered a unique combination of logistics execution and supply chain technology to improve overall business processes, service, and experience for Core Health & Fitness customers and internal stakeholders.

Daktronics, Inc. Announces 2024 Fiscal Third Quarter Results

Retrieved on: 
Wednesday, February 28, 2024

Fiscal 2024 fourth quarter net sales are expected to increase sequentially as compared to the third quarter in fiscal year 2024 and decrease from the year-ago period, which was again a high-volume period in which we were fulfilling backorders related to pandemic recovery.

Key Points: 
  • Fiscal 2024 fourth quarter net sales are expected to increase sequentially as compared to the third quarter in fiscal year 2024 and decrease from the year-ago period, which was again a high-volume period in which we were fulfilling backorders related to pandemic recovery.
  • Net sales for the third quarter of fiscal 2024 decreased by 7.9 percent as compared to the third quarter of fiscal 2023.
  • Operating expenses decreased 2.6 percent to $33.7 million in the third quarter of fiscal 2024 as compared to $34.6 million for the third quarter of fiscal 2023.
  • This decrease is primarily attributable to recording a $4.6 million non-cash goodwill impairment charge during the third quarter of fiscal 2023 that was not repeated in the third quarter of fiscal 2024.

Pivotal Delivers Four BlackFly light eVTOLs for U.S. Air Force evaluation; Contracted for Eight Aircraft

Retrieved on: 
Wednesday, February 21, 2024

The Air Force is evaluating Pivotal aircraft performance by assessing a host of benefits across diverse applications for the company’s proven tilt-eVTOL architecture, and testing a range of remotely piloted missions.

Key Points: 
  • The Air Force is evaluating Pivotal aircraft performance by assessing a host of benefits across diverse applications for the company’s proven tilt-eVTOL architecture, and testing a range of remotely piloted missions.
  • Selected by AFWERX and Modern Technology Solutions, Inc. (MTSI) to participate in the Agility Prime initiative, Pivotal is providing the Air Force with pilot training and support services in addition to the aircraft and flight simulators.
  • The program will operate out of New Braunfels National Airport, Texas, and from the National Advanced Air Mobility Center of Excellence at Springfield-Beckley Municipal Airport, Ohio.
  • “AFWERX’s and MTSI’s decision to partner with Pivotal is a strong endorsement of our platform’s maturity and a milestone on our journey to mission relevance,” said Ken Karklin, CEO, Pivotal.

Agility Robotics Appoints Peggy Johnson as Chief Executive Officer

Retrieved on: 
Monday, March 4, 2024

Agility Robotics , creator of the market-leading bipedal Mobile Manipulation Robot (MMR) called Digit, announced the appointment of veteran technology leader Peggy Johnson as Chief Executive Officer, effective today.

Key Points: 
  • Agility Robotics , creator of the market-leading bipedal Mobile Manipulation Robot (MMR) called Digit, announced the appointment of veteran technology leader Peggy Johnson as Chief Executive Officer, effective today.
  • View the full release here: https://www.businesswire.com/news/home/20240304702817/en/
    Agility Robotics appoints Peggy Johnson as CEO.
  • “I am thrilled to be joining the finest robotics team on the planet,” said Johnson.
  • With Peggy at the helm, Agility can bring robotics to new heights.”
    Throughout her career, Johnson has received extensive industry recognition for her engineering and business successes.

Alight Expands Partnership With SAP, Advancing Payroll Systems With Move From On-premise to the Cloud

Retrieved on: 
Monday, March 4, 2024

The Alight Worklife platform will leverage SAP S/4HANA Cloud to provide organizations with a transformative, cloud-based payroll system.

Key Points: 
  • The Alight Worklife platform will leverage SAP S/4HANA Cloud to provide organizations with a transformative, cloud-based payroll system.
  • The new offering can improve payroll efficiency and performance and enhance security around sensitive employee and organizational data.
  • Through this partnership, Alight will provide full support for organizations currently using Alight payroll systems on-premise who are looking to move to the cloud to better address these challenges to ensure a seamless transition.
  • “Our continued partnership with Alight combines payroll excellence with leading-edge cloud technology to help organizations prepare their business and their workforce for the future.”

Folloze Launches Website Engager, Transforming the Traditional Website Visit into a Personalized High-Value Touchpoint for B2B Demand Generation

Retrieved on: 
Thursday, February 29, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240229440046/en/
    Transform the traditional website visit into a personalized, high-value touchpoint.
  • Folloze Website Engager toolkit was designed for this purpose, helping sites come to life, fully serving the needs and wishes of target audiences.
  • Folloze Website Engager unlocks personalized and meaningful website engagements that keep buyers in the moment and moving forward in their journey.
  • Additionally, Folloze reporting features make it easy to review engagement and conversion metrics captured by Folloze Website Engager.

Sysdig Celebrates Falco Graduation Within Cloud Native Computing Foundation

Retrieved on: 
Thursday, February 29, 2024

Sysdig, the leader in cloud security powered by runtime insights, today celebrates Falco becoming a graduated project within the Cloud Native Computing Foundation (CNCF).

Key Points: 
  • Sysdig, the leader in cloud security powered by runtime insights, today celebrates Falco becoming a graduated project within the Cloud Native Computing Foundation (CNCF).
  • Companies publicly building on Falco include Shopify, GitLab, Skyscanner, Frame.io, and Booz Allen Hamilton; project maintainers include developers from Sysdig, IBM, Apple, and Red Hat.
  • The future of security is open: This belief motivated the team at Sysdig to contribute Falco to the CNCF in 2018.
  • By using Falco, we knew we were adopting a standard for cloud and container runtime security.

Wipro Completes Major Cloud Transformation for ManpowerGroup

Retrieved on: 
Wednesday, February 28, 2024

Wipro FullStride Cloud facilitated the transformation to help simplify ManpowerGroup's business operations by moving this data centre to a shared services product platform.

Key Points: 
  • Wipro FullStride Cloud facilitated the transformation to help simplify ManpowerGroup's business operations by moving this data centre to a shared services product platform.
  • The project entailed migrating more than 150 mission critical IT applications across 15 countries in Europe onto the Azure platform.
  • By standardizing on the Azure platform, ManpowerGroup will gain an enterprise-grade foundation to drive innovation, scalability, and sustainability.
  • Now, ManpowerGroup has the power to unlock innovation opportunities and adapt to changing market needs faster than ever before.”