Rabobank

Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR

Retrieved on: 
Monday, June 13, 2022

Founded in 1981, Cardenas is one of the largest Hispanic grocery chains in the country with a differentiated store concept providing high-quality, specialty groceries at affordable prices.

Key Points: 
  • Founded in 1981, Cardenas is one of the largest Hispanic grocery chains in the country with a differentiated store concept providing high-quality, specialty groceries at affordable prices.
  • In 2016, KKR acquired Cardenas Markets from the Cardenas family with the thesis of transforming the business into a growth platform.
  • Today, Cardenas Markets is one of the largest Hispanic grocery chains in the country with stores in California, Nevada, and Arizona.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.

Pinnacle-Backed Viserion Milling Acquires Western Milling

Retrieved on: 
Monday, June 13, 2022

BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today announced that it has entered into an agreement to acquire Western Milling, LLC ("Western Milling"), a diversified California-based agribusiness, from Kruse Western, Inc. Viserion International and its subsidiaries are backed by Pinnacle Asset Management, L.P. ("Pinnacle"), a New York-based alternative asset management firm focused on global commodities markets.

Key Points: 
  • BOULDER, Colo., June 13, 2022 /PRNewswire/ -- Viserion Milling, LLC ("Viserion"), a newly formed subsidiary of Viserion International Holdco, LLC ("Viserion International"), today announced that it has entered into an agreement to acquire Western Milling, LLC ("Western Milling"), a diversified California-based agribusiness, from Kruse Western, Inc. Viserion International and its subsidiaries are backed by Pinnacle Asset Management, L.P. ("Pinnacle"), a New York-based alternative asset management firm focused on global commodities markets.
  • Aaron Wiegand, Chief Executive Officer of Viserion International, said, "Western Milling has been a well-respected cornerstone of California's agriculture industry for nearly a century.
  • Kevin Kruse, outgoing Chief Executive Officer of Western Milling and grandson of Western Milling's founder Otto Kruse, will serve as Executive Chairman of Western Milling.
  • Viserion Milling, a subsidiary of Viserion International, is expected to manage a portfolio of strategic feed mill operations.

Expert.ai and the University of Siena Launch the First Multilingual Crossword Solver Based on Artificial Intelligence

Retrieved on: 
Thursday, June 9, 2022

BOSTON, June 9, 2022 /PRNewswire/ -- Starting today, even machines can solve crossword puzzles thanks to WebCrow 2.0, a software developed by the University of Siena in collaboration with expert.ai (EXAI:IM), a leading company in artificial intelligence (AI) for natural language processing (NLP) and understanding (NLU).

Key Points: 
  • For over a century, crossword puzzles have been an intriguing challenge for humans because of the complexity and nuance of the human language.
  • They must also be able to interpret slang, catch phrases, wordplay and other forms of ambiguity (e.g., a crossword clue: liquid that does not stick, answer: scotch).
  • This allows the software to identify the meaning of words based on definitions and other clues in crossword puzzles.
  • A special LinkedIn NLP stream session, "Solving Crossword Puzzles with WebCrow AI," is scheduled for June 16 at 11:00 am EDT.

Element Biosciences Announces First Customer Shipments and New Offerings for AVITI™ System

Retrieved on: 
Wednesday, June 8, 2022

Element Biosciences, Inc. , developer of the Element AVITI System, a new and disruptive DNA sequencing platform, today announced it has shipped multiple AVITI systems to its first set of customers.

Key Points: 
  • Element Biosciences, Inc. , developer of the Element AVITI System, a new and disruptive DNA sequencing platform, today announced it has shipped multiple AVITI systems to its first set of customers.
  • This is all to meet rapidly growing customer demand following the commercial launch of the AVITI System in March.
  • Element has begun shipping AVITI to its first set of customers, comprised of major core labs and genome centers in the US, with some customers purchasing multiple units.
  • Element Biosciences is a multi-disciplinary life science company currently focused on developing disruptive DNA sequencing technology for research and diagnostic markets.

Sydney-based Digital Development Studio Miroma Project Factory Expands to the U.S.

Retrieved on: 
Wednesday, June 8, 2022

LOS ANGELES, June 8, 2022 /PRNewswire-PRWeb/ -- Award winning digital creative and development studio Miroma Project Factory (MPF), the global digital development arm of the Miroma Group, has expanded to the U.S. with the opening of its new division in Los Angeles, CA.

Key Points: 
  • New division launched in Los Angeles to accommodate growth, new clients, and partnerships
    LOS ANGELES, June 8, 2022 /PRNewswire-PRWeb/ -- Award winning digital creative and development studio Miroma Project Factory (MPF), the global digital development arm of the Miroma Group, has expanded to the U.S. with the opening of its new division in Los Angeles, CA.
  • The expansion of Miroma Project Factory into the U.S. is an integral step in the company's growth trajectory.
  • "Miroma Project Factory has been a dream to work with on the development of our Digital Engagement Strategy, including our new website.
  • Miroma Project Factory (MPF) is a multi-award-winning digital production and development studio that creates innovative and interactive digital products across web, mobile, social media, and games platforms.

Expert.ai Brings Additional Powerful Natural Language Capabilities to Qlik

Retrieved on: 
Tuesday, June 7, 2022

BOSTON, June 7, 2022 /PRNewswire/ -- Expert.ai (EXAI:IM), a leading company in artificial intelligence (AI) for language understanding, today announced that it has joined the Qlik® Technology Partner Program. Expert.ai complements Qlik's augmented analytics portfolio, enhancing its existing AI and natural language processing (NLP) capabilities to help business users make sense of unstructured language data and gain insight into any kind of document.

Key Points: 
  • "By integrating our natural language capabilities into Qlik, we simplify access to language data, providing the data practice with simple and powerful ways to develop more comprehensive analytic and predictive models to help the enterprise to gain a competitive edge."
  • Qlik's users can easily expand and improve the reach of data analysis and analytics by leveraging language intelligence provided by expert.ai, executing Python code directly within Qlik Cloud.
  • It's exciting to see the amazing things that can happen by combining two world-class products in analytics and natural language understanding."
  • "We look forward to current Qlik customers benefiting from blending expert.ai with our existing augmented capabilities to enhance their overall analytics efforts."

What Does the Future of Travel Look Like? A Majority of Consumers Favor a Journey Straight from the Couch to the Gate

Retrieved on: 
Tuesday, June 7, 2022

In fact, a majority of those surveyed would prefer to streamline the process to go straight from their couch at home to the gate in as few steps as possible.

Key Points: 
  • In fact, a majority of those surveyed would prefer to streamline the process to go straight from their couch at home to the gate in as few steps as possible.
  • Eighty-five percent (85%) of the 16,000 respondents in eight countries would use or would consider using a ticket/ID check from home.
  • So, how can airports and airlines reduce the bottlenecks during journeys using check-from-home services to make the travel experience more convenient for consumers?
  • To learn more about iProov and the future of travel, please visit the Biometric Travel & Check-In section of our website.

Finema Partners with iProov to Bring Enhanced Liveness Detection Capabilities to Identity Solution Onboarding

Retrieved on: 
Tuesday, May 31, 2022

iProov , the world leader in biometric face authentication technology, announced today that Finema has chosen iProovs Liveness Assurance technology to enhance the security of its Enterprise Decentralized Identity Platform.

Key Points: 
  • iProov , the world leader in biometric face authentication technology, announced today that Finema has chosen iProovs Liveness Assurance technology to enhance the security of its Enterprise Decentralized Identity Platform.
  • In doing so, Finema can protect itself and its users by preventing stolen or fake identities being used for new account fraud.
  • We are excited to enhance our decentralized identity product suite with iProovs state-of-the-art Liveness Assurance technology, said Pakorn Leesakul, CEO of Finema.
  • Finema helps corporates and government agencies construct their digital identity infrastructures by providing enterprise decentralized identity solutions that comprise a blockchain, an identity mapper, an e-ID wallet, and an identity proofing platform.

Abby Miller Appointed as Chief Accounting Officer and Treasurer of Blackstone Credit BDCs

Retrieved on: 
Tuesday, May 24, 2022

Blackstone Credit today announced the appointment of Abby Miller as Chief Accounting Officer and Treasurer of Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), its business development companies (BDCs).

Key Points: 
  • Blackstone Credit today announced the appointment of Abby Miller as Chief Accounting Officer and Treasurer of Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL), its business development companies (BDCs).
  • BCRED and BXSL are part of the direct lending platform within Blackstones $230 billion credit business, the firms fastest growing segment.
  • Ms. Miller brings more than 15 years of accounting and audit experience, predominantly within large financial services institutions.
  • She joins Blackstone Credit from BlackRock, where she most recently served as Chief Financial Officer and Treasurer of its BDC, BlackRock Capital Investment Corporation.

LogicGate Recognized as a 'Strong Performer' Among Third-Party Risk Management Platforms

Retrieved on: 
Tuesday, May 17, 2022

CHICAGO, May 17, 2022 /PRNewswire/ -- LogicGate, a leading provider of transformative risk and compliance solutions through its Risk Cloud® platform, has been recognized as a Strong Performer in The Forrester Wave™: Third-Party Risk Management Platforms, Q2 2022 report by leading global research and advisory firm Forrester Research, Inc. Evaluated according to 27 criteria, Risk Cloud earned the highest possible score in the Questionnaire Customization, Planned Enhancements and Customer Community criteria.

Key Points: 
  • But without a third-party risk management program in place, businesses are left vulnerable," said Jon Siegler, CPO and co-founder of LogicGate.
  • "Earning this recognition as a strong performer by Forrester is validation for us of our efforts to deliver holistic risk solutions including third-party risk management.
  • To download a copy of The Forrester Wave: Third-Party Risk Management Platforms, Q2 2022 report, please visit LogicGate's website .
  • LogicGate, creator of the Risk Cloud platform and Risk Cloud Exchange (RCX), is redefining the way businesses think about risk.