Progress | Jotup

NewRetirement Raises $20 Million in Series A Funding to Scale Enterprise Partnerships and Increase Access to Comprehensive Financial Planning

Retrieved on:

Wednesday, March 27, 2024

NewRetirement , a comprehensive, digital-first financial planning platform for consumers and enterprise partners, today announced that it has closed its Series A round with $20 million in funding.

Key Points:

NewRetirement , a comprehensive, digital-first financial planning platform for consumers and enterprise partners, today announced that it has closed its Series A round with $20 million in funding.
Today’s news arrives at a time when access to holistic financial planning is more critical than ever.
The majority of Americans – as many as 65%, per Charles Schwab’s Modern Wealth Survey 2023 – have no formal financial plan.
Further, while 37% of respondents work with a financial advisor, two-thirds of Americans (66%) believe their financial planning needs improvement, according to Northwestern Mutual’s Planning and Progress Study 2023 .

XTX Markets invites entries for first $1.048mn progress prize as Artificial Intelligence Mathematical Olympiad competition opens

Retrieved on:

Tuesday, April 2, 2024

XTX Markets, University, XTX, International Mathematical Olympiad, Gold, Progress, AI, Medical device

LONDON, April 2, 2024 /PRNewswire/ -- XTX Markets is excited to announce the opening of the first $1.048 million progress prize for the Artificial Intelligence Mathematical Olympiad (AIMO), on the Kaggle platform.

Key Points:

LONDON, April 2, 2024 /PRNewswire/ -- XTX Markets is excited to announce the opening of the first $1.048 million progress prize for the Artificial Intelligence Mathematical Olympiad (AIMO), on the Kaggle platform.
The ultimate goal is to create a publicly shared AI model that could achieve a gold medal standard at the International Mathematical Olympiad (IMO).
To encourage continuous progress towards this goal, XTX Markets has introduced a series of progress prizes.
For more competition details, visit the Progress Prize participant page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/ , the AIMO Prize website: https://aimoprize.com/ or join the conversation on Reddit: https://www.reddit.com/r/AIMOprize/ .

XTX Markets invites entries for first $1.048mn progress prize as Artificial Intelligence Mathematical Olympiad competition opens

Retrieved on:

Tuesday, April 2, 2024

XTX Markets, University, XTX, International Mathematical Olympiad, Gold, Progress, AI, Medical device

LONDON, April 2, 2024 /PRNewswire/ -- XTX Markets is excited to announce the opening of the first $1.048 million progress prize for the Artificial Intelligence Mathematical Olympiad (AIMO), on the Kaggle platform.

Key Points:

LONDON, April 2, 2024 /PRNewswire/ -- XTX Markets is excited to announce the opening of the first $1.048 million progress prize for the Artificial Intelligence Mathematical Olympiad (AIMO), on the Kaggle platform.
The ultimate goal is to create a publicly shared AI model that could achieve a gold medal standard at the International Mathematical Olympiad (IMO).
To encourage continuous progress towards this goal, XTX Markets has introduced a series of progress prizes.
For more competition details, visit the Progress Prize participant page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/ , the AIMO Prize website: https://aimoprize.com/ or join the conversation on Reddit: https://www.reddit.com/r/AIMOprize/ .

Government of Canada Tables Final Report of the Legislative Review of the Cannabis Act

Retrieved on:

Thursday, March 21, 2024

OTTAWA, ON, March 21, 2024 /CNW/ - In 2018, the Government of Canada introduced the Cannabis Act , which put into place a legal framework that takes a comprehensive public health approach to cannabis.

Key Points:

OTTAWA, ON, March 21, 2024 /CNW/ - In 2018, the Government of Canada introduced the Cannabis Act , which put into place a legal framework that takes a comprehensive public health approach to cannabis.
In accordance with the Act, the Honourable Mark Holland, Minister of Health and the Honourable Ya'ara Saks, Minister of Mental Health and Addictions and Associate Minister of Health released the final report of the Legislative Review of the Cannabis Act.
This final report is the result of the extensive work conducted by the independent Expert Panel, chaired by Morris Rosenberg, that led the review over the last 18 months.
"I would like to thank Chair Rosenberg and the members of the Expert Panel for their enormous effort and dedication in leading the first-ever Legislative Review of the Cannabis Act.

Shell sells interest in SouthCoast Wind to existing joint venture partner, Ocean Winds

Retrieved on:

Wednesday, March 20, 2024

Wind, ENGIE, Farm, Natural gas, Shell, EDP, EDP Renováveis, Partnership, Gasoline, Senior, Progress, Shell plc, Hydrogen, Lubricant, Subsidiary, Renewable energy

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).

Key Points:

HOUSTON, March 20, 2024 /PRNewswire/ -- Shell New Energies US LLC (Shell), a subsidiary of Shell plc, has sold its 50% equity share in SouthCoast Wind Energy LLC (SouthCoast Wind) to joint venture partner Ocean Winds North America LLC (Ocean Winds).
SouthCoast Wind is a 50-50 joint venture between Shell and Ocean Winds, established to develop offshore wind projects off the coast of Massachusetts.
Ocean Winds is a 50-50 offshore wind joint venture owned by EDP Renewables and ENGIE.
In the U.S., Shell is a 50-50 partner in an additional offshore wind joint venture, Atlantic Shores Offshore Wind LLC (Atlantic Shores), with EDF-RE Offshore Development, LLC.

Wayfinder Family Services and Aspen Institute Present Moderated Panel on Loneliness

Retrieved on:

Tuesday, March 12, 2024

Health, Mental health, Isolation, Wayfinder Family Services, Loneliness, Wayfinder, Progress, Smoking, The Conversation

The panel discussion presented by Wayfinder Family Services and The Aspen Institute Society of Fellows explored the topic of loneliness and highlighted U.S.

Key Points:

The panel discussion presented by Wayfinder Family Services and The Aspen Institute Society of Fellows explored the topic of loneliness and highlighted U.S.
Surgeon General Vivek Murthy's advisory: Our Epidemic of Loneliness and Isolation, which warned that the health risks of loneliness are comparable to smoking up to 15 cigarettes a day.
The engaging panel explored the problem and state, county, school and philanthropic solutions.
The event also honored Harold A. Davidson, Camilla Walker and the Ralph M. Parsons Foundation for their commitment to children, youth and families in Los Angeles County and beyond.

Progress Recognized by Gartner® in the 2024 Magic Quadrant™ for Digital Experience Platforms for Third Consecutive Year

Retrieved on:

Monday, March 11, 2024

Ability, Acquisition, DX, EVP, PRGS, API, GM, Grid, Progress, Gartner, DXP, Online shopping

Progress was one of 14 vendors evaluated in the report, which analyzed the company’s overall “Completeness of Vision and Ability to Execute” on its digital experience platform (DXP).

Key Points:

Progress was one of 14 vendors evaluated in the report, which analyzed the company’s overall “Completeness of Vision and Ability to Execute” on its digital experience platform (DXP).
Progress’ Digital Experience (DX) portfolio gives organizations the power to rapidly build and deliver expansive digital experiences, across websites, portals and applications of all types, to help drive customer acquisition, retention and competitive success.
Most recently, it was named as a Leader in G2’s Winter 2024 Grid Report® for Digital Experience Platforms (DXP).
Progress was also recognized as a 2023 Gartner Peer Insights Customers’ Choice for DXP2, based on ratings from end-users.

Progress Announces Amended Credit Facility

Retrieved on:

Thursday, March 7, 2024

Wells Fargo, PRGS, Citizens Bank, Bank, Growth, Chase Bank, Credit, Silicon, Progress, PNC Financial Services, Toronto-Dominion Bank, Citibank, Silicon Valley Bank, Bank of America, JPMorgan Chase

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities. The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029. As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.

Key Points:

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.
The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029.
As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.
Progress CFO Anthony Folger stated, “This new credit facility provides more scale and flexibility, both of which are important to support Progress’ continued growth.

Progress Opens Applications for 2024 Women in STEM Scholarship Series in Bulgaria and India Honoring International Women’s Day

Retrieved on:

Thursday, March 7, 2024

International, Woman, BGN, INR, PRGS, Education, CSR, Progress, United, International Women's Day

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that the application process for the 2024 Women in Tech Scholarship program in Bulgaria and the Akanksha Scholarship for Women in STEM in India, both part of the Progress Women in STEM Scholarship series, will open Friday, March 8 in honor of International Women's Day. The deadline to submit for both scholarships is Friday, April 12, 2024.

Key Points:

“Appropriately, the United Nations’ theme for this year’s International Women’s Day is, ‘Invest in Women: Accelerate Progress’, putting a spotlight on greater economic inclusion for women and girls everywhere to reach their full potential,” said Yogesh Gupta, CEO, Progress.
The Akanksha Scholarship for Women in STEM in India is a four‐year, renewable scholarship of up to INR 1,50,000 (approximately $2,000) annually to cover tuition, fees and educational expenses.
The 2024 Mary Székely Scholarship for Women in STEM is a $10,000, four-year renewable scholarship to cover tuition, fees and educational expenses.
The Women in STEM Scholarship series is part of the Progress for Tomorrow Corporate Social Responsibility (CSR) program.

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering

Retrieved on:

Wednesday, February 28, 2024

Person, PRGS, Share repurchase, Sale, Progress, Exercise, Debt-to-GDP ratio, Observation, Progress Software, Security (finance)

The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.

Key Points:

The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.
The Notes will be Progress’ senior unsecured obligations and will mature on March 1, 2030, unless earlier converted, redeemed or repurchased.
Before November 1, 2029, Noteholders will have the right to convert their Notes only upon the occurrence of certain events.
This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.