IFC

New Book from BCG Helps Family Businesses Work Through Inevitable Conflict

Retrieved on: 
Tuesday, August 9, 2022

MUMBAI, India, Aug. 9, 2022 /PRNewswire/ -- Family businesses are uniquely at risk because of likely disputes among family members. But that doesn't have to be the case. Conflict can be identified, addressed, and mitigated so it does not disrupt operations or diminish business value, according to a new book from Boston Consulting Group (BCG) being published today. 

Key Points: 
  • Authors Guide Leaders of Family Businesses Toward Thoughtful, Tailored Approaches to Preventing and Mitigating Conflict That Can Destroy Business Value
    MUMBAI, India, Aug. 9, 2022 /PRNewswire/ -- Family businesses are uniquely at risk because of likely disputes among family members.
  • Says Sinha, lead author and chairman of BCG India, "Mahatma Gandhi said, 'Peace is not the absence of conflict, but the ability to cope with it.'
  • The book begins with thoughtful guidance that helps family business leaders reflect deeply on the defining attributes of their family and their relationship with the business.
  • The book cites data from the International Finance Corporation (IFC) estimating that 80% of businesses globally are family owned.

Intact Insurance Specialty Solutions Awards Sixteen College Scholarships

Retrieved on: 
Tuesday, August 9, 2022

Throughout the United States, Intact Insurance Specialty Solutions' underwriting companies offer a broad range of specialty insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies.

Key Points: 
  • Throughout the United States, Intact Insurance Specialty Solutions' underwriting companies offer a broad range of specialty insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies.
  • Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services.
  • Intact Insurance Specialty Solutions is a marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC, a member of Intact Financial Corporation (TSX: IFC), the largest provider of property and casualty insurance in Canada, a leading provider of global specialty insurance, and, with RSA, a leader in the U.K. and Ireland.
  • The insurance company subsidiaries of Intact Insurance Group USA LLC include Atlantic Specialty Insurance Company, a New York insurer, Homeland Insurance Company of New York, a New York insurer, Homeland Insurance Company of Delaware, a Delaware insurer, OBI America Insurance Company, a Pennsylvania insurer, OBI National Insurance Company, a Pennsylvania insurer, and The Guarantee Company of North America USA, a Michigan insurer.

upGrad Closes Investment Round of USD 210 Million

Retrieved on: 
Monday, August 8, 2022

upGrad, Asia's higher edtech major, has announced a fresh round of fundraise from marquee investors and Family Offices who join the company cap-table.

Key Points: 
  • upGrad, Asia's higher edtech major, has announced a fresh round of fundraise from marquee investors and Family Offices who join the company cap-table.
  • This round has witnessed participation from ETS Global (worlds largest TOEFL & GRE Test Leader), Bodhi Tree (a JV of James Murdoch & Uday Shankar), Singapore's Kaizen Management Advisors Pvt.
  • Founder Group also invested USD 12.5 million in this round to maintain their over 50% ownership in upGrad.
  • upGrad is on track to record annual gross revenue of USD 400-500 million during FY23 out of which about 45% of total revenue will be realised from its own-branded online courses and programs.

Spac3 2022 Extends the BIM Construction Workflow with Interactive QA/QC Reporting

Retrieved on: 
Tuesday, August 2, 2022

SAN FRANCISCO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Solidspac3 has released Spac3 2022, a SaaS solution that delivers interactive and prioritized QA/QC variance reports (VR3) within 12 hours.

Key Points: 
  • SAN FRANCISCO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Solidspac3 has released Spac3 2022, a SaaS solution that delivers interactive and prioritized QA/QC variance reports (VR3) within 12 hours.
  • With our interactive reports, users can simultaneously view BIM models and reality capture point clouds and make accurate measurements in 3D.
  • With our new BCF (BIM Collaboration Format) support, Spac3 reports can be imported into other applications for project management and CAD.
  • Using our cloud-based analytics platform we compare plans (construction drawings or BIM) to reality and inform all stakeholders of any construction execution mistakes.

The Puzzles & Survival x The Walking Dead Crossover Event Has Officially Begun

Retrieved on: 
Tuesday, August 2, 2022

GUANGZHOU, China, Aug. 2, 2022 /PRNewswire/ -- 37GAMES, the publisher of the zombie themed match-3 game Puzzles & Survival, is celebrating the game's second anniversary with the launch today of a global crossover event in collaboration with AMC's global smash hit television series The Walking Dead. With a total of ten in-game events over the month of August, there promises to be enough zombie survival mayhem for even the most diehard fans.

Key Points: 
  • GUANGZHOU, China, Aug. 2, 2022 /PRNewswire/ --37GAMES, the publisher of the zombie themed match-3 game Puzzles & Survival, is celebrating the game's second anniversary with the launch today of a global crossover event in collaboration with AMC's global smash hit television series The Walking Dead.
  • During this global collaboration event, fans will also be able to play as, and fight alongside, iconic characters such as Negan, Daryl Dixon, Rick Grimes, and Michonne.
  • Construct new buildings and obtain unique items to help turn back both the undead horde and threats from other survivors.
  • Lastly, players will be able to earn limited-edition The Walking Dead Sticker packs during the collaboration, as well as discover other in-game Easter eggs.

PCTEL Announces Spectrum Monitoring and Uplink Testing Solution for Critical Communications Networks

Retrieved on: 
Monday, August 1, 2022

PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, today announced the launch of SeeHawk Monitor, an automated spectrum monitoring system for P25 public safety radio and other critical communications networks.

Key Points: 
  • PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, today announced the launch of SeeHawk Monitor, an automated spectrum monitoring system for P25 public safety radio and other critical communications networks.
  • First responders rely on radio communications to protect their teams and the communities they support.
  • This enables a tester using a single PCTEL public safety network testing solution to automatically collect uplink and downlink measurements in one survey of a building.
  • PCTEL is a registered trademark of PCTEL, Inc. 2022 PCTEL, Inc. All rights reserved.

Code Unlimited Joins Jensen Hughes

Retrieved on: 
Thursday, July 28, 2022

BALTIMORE, Md., July 28, 2022 /PRNewswire/ -- Today, Jensen Hughes, the global leader in engineering, consulting and technology that make the world safe, secure and resilient, announced that it has acquired Code Unlimited, an award-winning, fast-growing building code consulting and fire protection engineering firm headquartered in Portland, Oregon. This acquisition extends the company's footprint in the U.S. Pacific Northwest, expands its client roster by hundreds of accounts, and brings several dozen new seasoned experts to its expanding U.S. and global team.

Key Points: 
  • BALTIMORE, Md., July 28, 2022 /PRNewswire/ -- Today, Jensen Hughes , the global leader in engineering, consulting and technology that make the world safe, secure and resilient, announced that it has acquired Code Unlimited, an award-winning, fast-growing building code consulting and fire protection engineering firm headquartered in Portland, Oregon.
  • "Jensen Hughes is a world-class organization winning and working on some of our industry's largest, most complex and challenging projects."
  • "We are very pleased to have Code Unlimited aboard," says Raj Arora, CEO of Jensen Hughes.
  • In addition the Code Unlimited Pacific Northwest location is an area in which Jensen Hughes has been under-represented until now."

Circulate Capital Achieves Third Close for Circulate Capital Ocean Fund I-B, Led by the International Finance Corporation (IFC) and Proparco

Retrieved on: 
Wednesday, July 27, 2022

IFC's investment includes an equity commitment of US $5 million from the Finland-IFC Blended Finance for Climate Change Program .

Key Points: 
  • IFC's investment includes an equity commitment of US $5 million from the Finland-IFC Blended Finance for Climate Change Program .
  • "We're delighted to support Circulate Capital in its efforts to tackle the plastic-waste crisis in Asia," said William Sonneborn, IFC's Senior Director of Disruptive Technologies and Funds.
  • It will also increase access to much-needed capital for the small and medium-sized enterprises delivering these important solutions."
  • "The race to unlock the investment potential of the circular economy is heating up," said Rob Kaplan, CEO and Founder of Circulate Capital.

NAV Fund Administration Group Establishes New Mauritius Location

Retrieved on: 
Tuesday, July 26, 2022

OAKBROOK TERRACE, Ill., July 26, 2022  /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of fund administration services to alternative asset managers, has launched NAV (Mauritius) Ltd, a new business entity in Mauritius.

Key Points: 
  • NAV Fund Administration Group, a leading provider of fund administration services to alternative asset managers, has launched NAV (Mauritius) Ltd, a new business entity in Mauritius.
  • OAKBROOK TERRACE, Ill., July 26, 2022 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of fund administration services to alternative asset managers, has launched NAV (Mauritius) Ltd, a new business entity in Mauritius.
  • Along with its ongoing positive achievements in corporate governance, Mauritius is attractive for both launching and administration of private equity funds," said Deepak Middha, NAV VP Fund Accounting.
  • NAV (Mauritius) Ltd is based at 12th Floor, Standard Chartered Tower; 19, Cybercity, Ebene; Mauritius.

Gilat and Intelsat Expand Their Strategic In-Flight Connectivity Partnership in Japan

Retrieved on: 
Monday, July 25, 2022

PETAH TIKVA, Israel, July 25, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company is further expanding its strategic in-flight connectivity (IFC) partnership in Japan with Intelsat.

Key Points: 
  • PETAH TIKVA, Israel, July 25, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company is further expanding its strategic in-flight connectivity (IFC) partnership in Japan with Intelsat.
  • By expanding our capabilities in Japan with Gilat and the SkyEdge II-c IFC solution, we are delivering on our commitment to the Asia Pacific region to provide robust in-flight communications.
  • Gilat technology for IFC helps Intelsat to reliably address the increased demand for in-flight communication services, said Amir Yafe, VP of Mobility & Global Accounts at Gilat.
  • We value our strong, continuing partnership with Intelsat, and are proud to aid Intelsats successful efforts to deliver reliable in-flight connectivity in Japan and beyond.