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Tola Capital Closes Fund III to Invest in the Next Generation of AI Companies

Retrieved on:

Wednesday, November 29, 2023

SEATTLE, Nov. 29, 2023 /PRNewswire/ -- Tola Capital, a venture capital firm investing in the next generation of enterprise software enabled by artificial intelligence (AI), today announced the close of Tola Capital III, LP at $230 million. The fund will be deployed to Seed and early-stage startups that are revolutionizing the enterprise software industry with the use of AI. The latest fund brings Tola Capital's total funds raised to date to $688 million.

Key Points:

SEATTLE, Nov. 29, 2023 /PRNewswire/ -- Tola Capital , a venture capital firm investing in the next generation of enterprise software enabled by artificial intelligence (AI), today announced the close of Tola Capital III, LP at $230 million.
Tola Capital backs early-stage founders who are building the next wave of AI companies.
Going forward the firm will use the new capital to invest in companies specializing in multiple areas of AI, including enterprise scaffolding for AI, responsible AI, AI security, app layer AI as well as others.
With its third fund, Tola Capital is aiming to invest in 25 to 30 companies globally.

Qlik And Talend Enhance Best-in-Class Solutions That Expand Use and Value of Data in Databricks Lakehouse Platform

Retrieved on:

Wednesday, June 28, 2023

Qlik’s end-to-end set of solutions helps customers in three key areas: Data Integration, Data Quality and Trusted Data.

Key Points:

Qlik’s end-to-end set of solutions helps customers in three key areas: Data Integration, Data Quality and Trusted Data.
When it comes to Data Integration, customers want to ingest and immediately transform the data they land in Databricks Lakehouse to fuel analytics and downstream applications.
Qlik‘s recently launched Data Transformation Services through Qlik Cloud Data Integration helps customers transform ingested data directly in Databricks and maintain history as part of broader transformation capabilities.
There are numerous customers already leveraging Qlik and Talend solutions with Databricks, including customers like J.B. Hunt , Schneider Electric and Vedanta.

Qlik And Talend’s Unique Best-in-Class Suite of Solutions Help Create Maximum Value and Use of Data Delivered to Snowflake

Retrieved on:

Tuesday, June 27, 2023

“Qlik Cloud Data Integration’s new Data Transformation Services makes it easier to leverage push-down SQL and deliver valuable data that’s ready for immediate use.

Key Points:

“Qlik Cloud Data Integration’s new Data Transformation Services makes it easier to leverage push-down SQL and deliver valuable data that’s ready for immediate use.
The combination of Qlik’s data integration and analytics solutions, alongside Talend’s hybrid-cloud approach to data connectivity and data quality, is a unique end-to-end portfolio of solutions that help Snowflake customers find, transform, trust and analyze their data at scale.
Qlik’s recently launched Data Transformation Services through Qlik Cloud Data Integration enables customers to transform ingested data directly in Snowflake and maintain history as part of broader transformation capabilities.
“Qlik’s existing and new solutions, along with their newly acquired Talend capabilities, will help customers more easily manage their data transformation needs and increase the value of their data in Snowflake.”

AVEVA Further Strengthens Executive Leadership Team with Four New Senior Roles

Retrieved on:

Thursday, May 25, 2023

AVEVA , a global leader in industrial software, has further strengthened its leadership team announcing four new senior executive roles as the company drives forward its new business model.

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AVEVA , a global leader in industrial software, has further strengthened its leadership team announcing four new senior executive roles as the company drives forward its new business model.
Sue Quense, currently AVEVA’s Senior Vice President of Americas, takes on the newly created role of Chief Commercial Officer.
Quense, based in Philadelphia, USA, has spent more than three decades in software sales leadership roles.
Sue, Marco, Rob and Iju will be instrumental in further enhancing our leadership team and driving growth.”

Qlik Introduces Connector Factory to Accelerate Delivery of the Industry’s Most Robust Connectivity for Analytics and Data Integration

Retrieved on:

Wednesday, March 1, 2023

Cloud, SAP Ariba, Software as a service, ADP, OSIsoft, SAP SuccessFactors, Cerner, SAP, Data integration, Qlik, Salesforce, NetSuite, HubSpot, API, Video game

PHILADELPHIA, March 01, 2023 (GLOBE NEWSWIRE) -- Qlik ® today introduced Connector Factory, its strategy to continually expand access to and delivery of data from hundreds of SaaS applications and data sources to fuel ever-evolving enterprise cloud analytics and data integration needs.

Key Points:

PHILADELPHIA, March 01, 2023 (GLOBE NEWSWIRE) -- Qlik ® today introduced Connector Factory, its strategy to continually expand access to and delivery of data from hundreds of SaaS applications and data sources to fuel ever-evolving enterprise cloud analytics and data integration needs.
Qlik customers already benefit from over 250 existing connectors, and throughout 2023 will be able to enhance their analytics and data integration efforts with 100 new connectors for Qlik Cloud® Data Integration .
With Connector Factory, Qlik aims to provide universal connectivity to the expanding range of enterprise SaaS data applications and sources, creating additional value from real-time data delivery to cloud repositories, direct access for analytics, and taking direct action by linking to other applications.
“Seamlessly connecting and delivering data from a variety of sources and applications is an essential role data integration plays in modern enterprise data strategies,” said James Fisher, Chief Product Officer at Qlik.

Schneider Electric Ranked #1 ADMS Vendor by Guidehouse Insights

Retrieved on:

Tuesday, February 7, 2023

Online, Automation, IEEE, DER, OMS, Investment, Schneider Electric, SCADA, GIS, Microsoft, ADMS, NECR, Ecosystem, C&I, Senior, Esri, SDL, APM, Leaderboard, Partner, Grid, OSIsoft, IEC 61850, AVEVA, DMS, Growth, SAN, IEC, Veritas Capital, AI, Retail, Renewable energy

Guidehouse Insights published its 2023 Advanced Distributed Management System Leaderboard, ranking Schneider Electric as the top ADMS solutions vendor

Key Points:

Guidehouse Insights published its 2023 Advanced Distributed Management System Leaderboard, ranking Schneider Electric as the top ADMS solutions vendor
Top ranking represents Schneider Electric's continued growth and innovation through new solution offerings, strategic acquisitions, value-added partnerships, and industry collaboration
BOSTON and SAN DIEGO, Feb. 7, 2023 /PRNewswire/ -- Schneider Electric, the leader in the digital transformation of energy management and automation, has been recognized as the top vendor in the Guidehouse Insights Leaderboard for ADMS Vendors report.
The Guidehouse Insights report assesses the competitive landscape for ADMS solutions and how well companies are positioned to address customer needs.
"We are honored to be recognized as the ADMS leader by Guidehouse," said Alexis Grenon, Senior Vice President of Digital Grid at Schneider Electric.
Schneider Electric is addressing these needs by focusing on how ADMS and a broader ecosystem of solutions must work cohesively to manage the lifecycle of the grid.

Funds advised by Davidson Kempner European Partners, LLP ("DK") currently hold 11.4 million shares, equivalent to 3.8% of the total shares outstanding of AVEVA Group plc ("Aveva" or the "Company")

Retrieved on:

Thursday, November 10, 2022

LONDON, Nov. 10, 2022 /PRNewswire/ -- DK believes the current price offered by Schneider Electric SE ("Schneider" or the "Acquirer") to Aveva's minority shareholders of £31 per share substantially undervalues the Company's long-term prospects. The timing of the approach by Schneider is highly opportunistic and comes on the back of a broader market decline as well as weakness in Aveva's own share price resulting from the transition to a subscription and SaaS model (Aveva had fallen 48% from the highs of £42 per share in September 2021 to £22 per share before the announcement of the Schneider approach in August 2022). The Company's transition has been widely perceived by the market to have been poorly executed and communicated under the stewardship of the current Aveva CEO, Peter Herweck, who has been on secondment from Schneider since May 2021. DK does not think the uncertainty around this transition reflects concern over the long-term value of the franchise, a view which is supported by Aveva management's own five-year targets (announced at the Capital Markets Day in June 2021). We share Schneider's belief that Aveva is a well-positioned business operating in a secular growth market with strong tailwinds. If Schneider wishes to secure full ownership of a strategic asset at such an opportune moment it should make an offer for Aveva at a price which provides minority shareholders their share of the long-term value.

Key Points:

We share Schneider's belief that Aveva is a well-positioned business operating in a secular growth market with strong tailwinds.
There are multiple datapoints which clearly indicate that 31 per share substantially undervalues Aveva.
Aveva shareholders have clearly and publicly expressed dissatisfaction with the substantial discount that the current price represents for such an attractive software asset.
The message from the market is quite clear and accordingly we expect the Scheme, on the current terms, to fail.

Funds advised by Davidson Kempner European Partners, LLP ("DK") currently hold 11.4 million shares, equivalent to 3.8% of the total shares outstanding of AVEVA Group plc ("Aveva" or the "Company")

Retrieved on:

Thursday, November 10, 2022

LONDON, Nov. 10, 2022 /PRNewswire/ -- DK believes the current price offered by Schneider Electric SE ("Schneider" or the "Acquirer") to Aveva's minority shareholders of £31 per share substantially undervalues the Company's long-term prospects. The timing of the approach by Schneider is highly opportunistic and comes on the back of a broader market decline as well as weakness in Aveva's own share price resulting from the transition to a subscription and SaaS model (Aveva had fallen 48% from the highs of £42 per share in September 2021 to £22 per share before the announcement of the Schneider approach in August 2022). The Company's transition has been widely perceived by the market to have been poorly executed and communicated under the stewardship of the current Aveva CEO, Peter Herweck, who has been on secondment from Schneider since May 2021. DK does not think the uncertainty around this transition reflects concern over the long-term value of the franchise, a view which is supported by Aveva management's own five-year targets (announced at the Capital Markets Day in June 2021). We share Schneider's belief that Aveva is a well-positioned business operating in a secular growth market with strong tailwinds. If Schneider wishes to secure full ownership of a strategic asset at such an opportune moment it should make an offer for Aveva at a price which provides minority shareholders their share of the long-term value.

Key Points:

We share Schneider's belief that Aveva is a well-positioned business operating in a secular growth market with strong tailwinds.
There are multiple datapoints which clearly indicate that 31 per share substantially undervalues Aveva.
Aveva shareholders have clearly and publicly expressed dissatisfaction with the substantial discount that the current price represents for such an attractive software asset.
The message from the market is quite clear and accordingly we expect the Scheme, on the current terms, to fail.

APERIO Achieves 5X Growth by Expanding Category Leadership and Adds Industry Veteran Jane Arnold to Board

Retrieved on:

Monday, November 7, 2022

APERIO also added Jane Arnold, an Industry 4.0 expert with more than 30 years' experience in manufacturing technology, control engineering, and operations, to its Board of Directors.

Key Points:

APERIO also added Jane Arnold, an Industry 4.0 expert with more than 30 years' experience in manufacturing technology, control engineering, and operations, to its Board of Directors.
Data quality at scale is now a "must-have" for leading industrials, as they convert to digital operations for Industry 4.0.
APERIO's DataWise product provides industrial leaders with enterprise-wide, cloud-based solutions to deliver data quality at scale and in real-time.
APERIO's Data Quality Index (DQI) tracks data quality improvements, enhances asset health, and maintains a corporate data quality score.

Radix Highlights Data Infrastructure Governance Program at AVEVA World 2022

Retrieved on:

Wednesday, November 2, 2022

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- AVEVA Global Alliance Partner Radix Engineering and Software will be presenting and exhibiting as a Gold Sponsor at AVEVA World San Francisco 2022 November 14-17, 2022, Booth #1.

Key Points:

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- AVEVA Global Alliance Partner Radix Engineering and Software will be presenting and exhibiting as a Gold Sponsor at AVEVA World San Francisco 2022 November 14-17, 2022, Booth #1.
Radix will present a Data Infrastructure Governance Program on Thursday, Nov. 17 at 10:45 a.m. in the Moscone Center, Room 2006 as part of the Innovation and Technology Track.
The presentation will cover typical data infrastructure maturity levels, highlighting a methodology that outlines steps on how to structure a governance program that supports scaling, using the data infrastructures with minimum added cost.
Additionally, Radix will also preview a new solution that monitors all the elements of the data infrastructure proactively, improving overall efficiency of a governance program.