Velo

Velo Cyclery Names Paul McAfee CEO and President

Retrieved on: 
Friday, February 24, 2023

CHICAGO and BOULDER, Colo., Feb. 24, 2023 /PRNewswire/ -- Velo, a recently formed online retailer of cycling equipment and accessories, announced today that Paul McAfee has been named CEO and President. McAfee is responsible for driving the organization's growth through exceptional consumer experiences and as a trusted partner to cycling brands. Velo, formed by Sterling Partners ("Sterling"), a growth-oriented investment management firm, is comprised of two storied cyclery companies, Planet Cyclery and Colorado Cyclist.

Key Points: 
  • CHICAGO and BOULDER, Colo., Feb. 24, 2023 /PRNewswire/ -- Velo , a recently formed online retailer of cycling equipment and accessories, announced today that Paul McAfee has been named CEO and President.
  • Velo, formed by Sterling Partners ("Sterling"), a growth-oriented investment management firm, is comprised of two storied cyclery companies, Planet Cyclery and Colorado Cyclist .
  • Velo, a recently formed online retailer of cycling equipment and accessories, announced Paul McAfee has been named CEO and President
    The Velo family of retailers sell bicycles, components, and accessories through their online and brick-and-mortar stores.
  • He joined Velo from STATSports, where he was the President of its North America operations and its Chief Sales Officer.

Reduced-risk* Potential of Velo as Cigarette Alternative Reinforced by Innovative Real-world Study

Retrieved on: 
Tuesday, December 13, 2022

The study provides important new data and insights into the real-world health impact in Velo consumers compared to smokers, former smokers and never smokers.

Key Points: 
  • The study provides important new data and insights into the real-world health impact in Velo consumers compared to smokers, former smokers and never smokers.
  • We have already generated data that shows Velo has a toxicant profile better than snus and comparable to Nicotine Replacement Therapy (NRT)iii.
  • These results add further evidence that supports the important contribution Velo can make to Tobacco Harm Reduction.
  • The study included participants who had been using Velo exclusively for over six months, as well as current smokers, former smokers and never smokers.

Wix DevCon 2022: Developer-Centric Products Unveiled to Accelerate the Future of Web Creation

Retrieved on: 
Thursday, September 8, 2022

NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today completed the first ever Wix DevCon 2022, which consisted of Wix expert-led presentations and various product announcements, all of which were built by developers for developers. The new tools are focused on the expansion of the Wix product suite providing more control and customization for professional web developers.

Key Points: 
  • The new tools are focused on the expansion of the Wix product suite providing more control and customization for professional web developers.
  • "I'm proud of how far the platform has come and the opportunity to showcase our latest developments at Wix DevCon 2022 and we will continue to innovate and support developers as they trailblaze the future of web creation."
  • This is why we're not just rolling out new features, we are changing our infrastructure to be congruent with the future of web development.
  • With a focus on continuous innovation and delivery of new features and products, anyone can build a powerful digital presence to fulfill their dreams on Wix.

GigaSpaces Joins Forces with IBM and Wix to Offer an Open Platform that Dramatically Accelerates Enterprise Digital Innovation

Retrieved on: 
Wednesday, July 6, 2022

NEW YORK, July 6, 2022 /PRNewswire/ -- GigaSpaces is joining forces with IBM and Wix to design a joint Digital Acceleration Hub (DAH), that will accelerate the pace at which enterprises and start-ups can build and deploy new digital services.

Key Points: 
  • The joint solution combines GigaSpaces' high-performance in-memory data platform with the capabilities and cutting-edge technologies of IBM and Wix.
  • DAH brings a disruptive event-driven approach to enterprise data architecture, by decoupling digital services from the systems of record (SoR) that they currently rely on.
  • "By joining forces with IBM and GigaSpaces, we will open up our superb UI/UX experience to enterprises, using the Velo code-first platform to empower casual developers and leverage enterprise development resources."
  • "We are honored to be partnering with these two tech giants, IBM and Wix," says Adi Paz, CEO of GigaSpaces.

GigaSpaces Joins Forces with IBM and Wix to Offer an Open Platform that Dramatically Accelerates Enterprise Digital Innovation

Retrieved on: 
Wednesday, July 6, 2022

NEW YORK, July 6, 2022 /PRNewswire/ -- GigaSpaces is joining forces with IBM and Wix to design a joint Digital Acceleration Hub (DAH), that will accelerate the pace at which enterprises and start-ups can build and deploy new digital services.

Key Points: 
  • The joint solution combines GigaSpaces'high-performance in-memory data platform with the capabilities and cutting-edge technologies of IBM and Wix.
  • DAH brings a disruptive event-driven approach to enterprise data architecture, by decoupling digital services from the systems of record (SoR) that they currently rely on.
  • "By joining forces with IBM and GigaSpaces, we will open up our superb UI/UX experience to enterprises, using the Velo code-first platform to empower casual developers and leverage enterprise development resources."
  • "We are honored to be partnering with these two tech giants, IBM and Wix," says Adi Paz, CEO of GigaSpaces.

Evrynet And Velo Announce Strategic Merger To Build The Future Of CeDeFi

Retrieved on: 
Friday, May 27, 2022

Simultaneously, EvryNet gives DeFi projects exposure to a broader ecosystem of investors to create a flywheel of growth.

Key Points: 
  • Simultaneously, EvryNet gives DeFi projects exposure to a broader ecosystem of investors to create a flywheel of growth.
  • With our combined talent, we are confident this merger will position the new Velo as a forerunner in CeDeFi.
  • This strategic merger with EvryNet, who share similar goals, will only strengthen our commitment to this mission, while opening up exciting opportunities for further growth in decentralized finance.
  • EvryNet brings together centralized and decentralized finance in a compliant framework to advance global finance as a whole.

Velo and EvryNet Announce Strategic Merger to Build the Future of CeDeFi

Retrieved on: 
Friday, May 27, 2022

SAN FRANCISCO and BANGKOK , May 26, 2022 /PRNewswire/ -- Velo Labs, a leading blockchain infrastructure company focused on improving international remittances, and EvryNet, a financial services platform for building centralized and decentralized applications in DeFi, have today announced a strategic merger.

Key Points: 
  • Velo Labs is developing a blockchain-based, compliance-first global settlement network to provide fast, secure and low cost cross-border payments to both individuals and businesses.
  • This strategic merger with EvryNet, who share similar goals, will only strengthen our commitment to this mission, while opening up exciting opportunities for further growth in decentralized finance.
  • Simultaneously, EvryNet gives DeFi projects exposure to a broader ecosystem of investors to create a flywheel of growth.
  • With our combined talent, we are confident this merger will position the new Velo as a forerunner in CeDeFi."

Velo Labs and iRemit partner to unlock $34B cross-border payment market in the Philippines

Retrieved on: 
Monday, April 4, 2022

Velo Labs, alongside iRemit, will provide the technology and the settlement network to ensure these cross-border payments can be sent and received cheaper, faster and more securely than current, legacy financial systems allow.

Key Points: 
  • Velo Labs, alongside iRemit, will provide the technology and the settlement network to ensure these cross-border payments can be sent and received cheaper, faster and more securely than current, legacy financial systems allow.
  • Notably, by integrating with the Velo network, iRemit can now work directly with its trusted partners to settle transactions almost instantly, without the need for intermediary agents.
  • "Our partnership with iRemit is a direct reflection of Velo Labs' core mission: to build a global, decentralized, and interoperable settlement network that provides fast, reliable, secure cross-border payments," said Mike Kennedy, CEO of Velo Labs.
  • Velo Labs is working to improve access to efficient financial services by developing key technologies that allow for the seamless transfer of value across-borders.

Velo Labs Announces Multi-Phase Token Burn, Company To Remove 20% Of Total Supply

Retrieved on: 
Tuesday, March 15, 2022

Starting March 16, 2022 the Velo Labs team will burn 6 billion tokens or 20% of the total supply at a rate of 1 billion tokens per month.

Key Points: 
  • Starting March 16, 2022 the Velo Labs team will burn 6 billion tokens or 20% of the total supply at a rate of 1 billion tokens per month.
  • "Undertaking a burn of this magnitude shows our commitment to the Velo community and our investors, while also moving us closer to our broader company goals, including strengthening our tokenomics," said Mike Kennedy, CEO of Velo Labs.
  • Velo Labs is building an unmatched global settlement network to make it faster, cheaper, and more reliable for businesses and individuals to move money.
  • Notable partners include Bitazza, ASEAN's fastest-growing digital asset platform, Inception, a financial services company, and TEMPO Payments, a digital money transfer company.

Interstellar and Velo Labs Join Forces

Retrieved on: 
Monday, March 15, 2021

The strategic partnership between Interstellar and Velo Labs, which began in January 2020, set out to revolutionize international payments.

Key Points: 
  • The strategic partnership between Interstellar and Velo Labs, which began in January 2020, set out to revolutionize international payments.
  • Mike Kennedy, the current CEO of Interstellar, will take the helm as CEO of Velo Labs.
  • Mike Kennedy, CEO of Velo Labs, said: "Interstellar has been focused on revolutionizing international payments with the Stellar blockchain technology, specifically in Southeast Asia.
  • Chatchaval Jiaravanon, Chairman of Velo Labs: "This announcement is a pivotal point in our long relationship with Interstellar.