TCV | Jotup

EQS-News: ecotel communication ag: Growth in all segments – B2B business pick-ing up considerably

Retrieved on:

Wednesday, April 10, 2024

Annual, Growth, Supervisory board, EPS, Business, TCV, Wholesaling, Management, Investment, Marketing, Retail

The 2023 financial year was overall very positive for ecotel, with the company achieving its forecasts and even exceeding them in some cases.

Key Points:

The 2023 financial year was overall very positive for ecotel, with the company achieving its forecasts and even exceeding them in some cases.
Having declined for several years due to transformation-related factors, revenues in the ecotel Business Customers segment increased to € 46.2 million in the 2023 financial year (previous year: € 45.6 million).
Revenues in the ecotel Wholesale segment increased significantly by € 13.6 million to € 60.1 million in the 2023 financial year.
As a result of this sales growth, the gross profit rose by € 0.7 million to € 1.9 million.

XBP Europe Holdings, Inc. Reports Full Year 2023 Results

Retrieved on:

Monday, April 1, 2024

Capital expenditure, Growth, TCV, Bill, Operating cost, Sale, XBP, Adjustment, Bookkeeping

LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills and payments and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the full year ended December 31, 2023.

Key Points:

“We start the year as a newly listed public company, having completed our long-awaited business combination towards the very end of 2023.
We will keep our employees and the investor community apprised of our progress in the coming weeks and months,” said Andrej Jonovic, Chief Executive Officer of XBP.
Net Loss: Net loss for 2023 was $11.0 million, compared with a net loss of $7.9 million in 2022.
Adjusted EBITDA(1): Adjusted EBITDA for 2023 was $11.6 million, a decrease of 20.0% compared to $14.5 million in 2022.

Grow Therapy Raises $88M Sequoia Capital-Led Series C to Advance Effective Mental Healthcare

Retrieved on:

Monday, April 8, 2024

NEW YORK, April 8, 2024 /PRNewswire/ -- Grow Therapy, a provider-centric mental health technology company improving access to high-quality mental healthcare, today announced the closing of its $88 million Series C investment round led by Sequoia Capital, with support from Growth Equity at Goldman Sachs Alternatives and PLUS Capital alongside artists and athletes from their collective including Anna Kendrick, Lily Collins, Dak Prescott, Joe Burrow, Jrue Holiday, and Lauren Holiday. Existing investors Transformation Capital, SignalFire and TCV also participated in the round. Additionally, the company announced the launch of its enhanced measurement-informed care system, which will allow it to elevate the care experience for clients and providers and make value-based behavioral care accessible for all patient populations, including Medicaid and Medicare members.

Key Points:

Empowering people to find and engage with effective mental health support is the most pressing need of our time.
Grow Therapy CEO Jake Cooper said, "Our team believes that empowering people to find and engage with effective mental health support – regardless of their background, geography or financial circumstances – is the most pressing need of our time.
We're proud to partner with the Grow Therapy team as they pursue the important mission of providing access to trusted mental healthcare."
Grow Head of Clinical Excellence Cynthia Grant PhD, LCSW, concluded, "Our team at Grow Therapy is privileged to have the opportunity every day to build the infrastructure for this new age of mental healthcare.

Nourish Raises $35M Series A to Expand Access to Registered Dietitians

Retrieved on:

Wednesday, March 27, 2024

Nourish , a telenutrition platform that connects people to registered dietitians covered by insurance, announced today that it has raised $35 million in Series A funding.

Key Points:

Nourish , a telenutrition platform that connects people to registered dietitians covered by insurance, announced today that it has raised $35 million in Series A funding.
With $44M in total funding since its founding in 2021, Nourish plans to accelerate development of its digital platform for patients and providers, expand its network of registered dietitians (RDs), and deepen its strategic partnerships with insurance companies.
“Our goal is to create a win-win-win for patients, providers, and payers,” said Sam Perkins, co-founder, President and COO of Nourish.
“Nourish aims to help tens of millions of Americans by providing access to a dietitian and the incredible nutritional education, accountability, and care that they provide.

EQT Private Equity to Acquire Avetta from WCAS

Retrieved on:

Tuesday, April 2, 2024

Avetta's solution improves the resilience of supply chains worldwide by helping hiring clients and suppliers manage their supply chain risk effectively and improve safety, security, sustainability, worker competency, and performance across major industries

Key Points:

Avetta's solution improves the resilience of supply chains worldwide by helping hiring clients and suppliers manage their supply chain risk effectively and improve safety, security, sustainability, worker competency, and performance across major industries
NEW YORK, April 2, 2024 /PRNewswire/ -- EQT Private Equity announced today that the EQT X fund ("EQT") has agreed to acquire Avetta (the "Company") from Welsh, Carson, Anderson & Stowe ("WCAS").
Together, EQT and Avetta are committed to investing in innovation to address the critical challenges facing global supply chains today.
Arvindh Kumar, Partner and Co-Head of Technology within EQT's Private Equity Advisory Team, said, "Avetta's leadership position, world-class SaaS platform, and commitment to ESG represent a highly thematic investment opportunity for EQT.
Avetta is an excellent example of how WCAS supports accelerating value creation and driving technology businesses to the next level.

EQT Private Equity to Acquire Avetta from WCAS

Retrieved on:

Tuesday, April 2, 2024

Avetta's solution improves the resilience of supply chains worldwide by helping hiring clients and suppliers manage their supply chain risk effectively and improve safety, security, sustainability, worker competency, and performance across major industries

Key Points:

Avetta's solution improves the resilience of supply chains worldwide by helping hiring clients and suppliers manage their supply chain risk effectively and improve safety, security, sustainability, worker competency, and performance across major industries
NEW YORK, April 2, 2024 /PRNewswire/ -- EQT Private Equity announced today that the EQT X fund ("EQT") has agreed to acquire Avetta (the "Company") from Welsh, Carson, Anderson & Stowe ("WCAS").
Together, EQT and Avetta are committed to investing in innovation to address the critical challenges facing global supply chains today.
Arvindh Kumar, Partner and Co-Head of Technology within EQT's Private Equity Advisory Team, said, "Avetta's leadership position, world-class SaaS platform, and commitment to ESG represent a highly thematic investment opportunity for EQT.
Avetta is an excellent example of how WCAS supports accelerating value creation and driving technology businesses to the next level.

Observe Announces $115 Million In Series B Financing

Retrieved on:

Wednesday, March 27, 2024

Organization, Software as a service, Growth, ARR, Walking, Environment, Capital One, TCV, Venture round, Telemetry, Architecture, APM, OPAL, Series, NRR, Sutter Hill Ventures, Snowflake

SAN MATEO, Calif., March 27, 2024 /PRNewswire/ -- Observe, Inc. the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced the Company has closed a Series B funding round of $115 million led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures.

Key Points:

The Series B funding, raised at a valuation 10x higher than the company's Series A round four years ago, promises to further accelerate Observe's growth.
Observe's headcount increased more than 50% and the company is scaling its sales organization as many tech companies pull back.
"Legacy monitoring and APM players, shackled by outdated architectures, are dead companies walking," said Jeremy Burton, CEO at Observe.
"We believe Observe is the future of Observability and we're incredibly excited to lead the Series B round," said Mike Speiser, Managing Director at Sutter Hill Ventures.

Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA

Retrieved on:

Thursday, March 7, 2024

Warner Music Group, EQT, TCV, WMG, Consortium, Growth, Element, Transaction, Person, Cryptocurrency

WMG reaffirms its interest in the potential Transaction and considers that such a combination would be beneficial to the Company and all of its other stakeholders (shareholders, employees, artists and labels).

Key Points:

WMG reaffirms its interest in the potential Transaction and considers that such a combination would be beneficial to the Company and all of its other stakeholders (shareholders, employees, artists and labels).
In addition, WMG envisages financial terms that would be more attractive than those announced by the Consortium.
The dissemination, publication or distribution of this press release may be subject to specific regulations or restrictions in certain jurisdictions.
WMG disclaims any responsibility or liability for the violation of any such restrictions by any person.

Xevant Embarks on Accelerated Growth with Significant Follow-on Investment from HCAP Partners and Tech Council Ventures

Retrieved on:

Wednesday, February 21, 2024

Philosophy, Growth, HCAP, Optimism, TCV, Software, Renewable energy

LEHI, Utah, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Xevant, a leading provider of healthcare analytics and technology solutions, is pleased to announce a significant milestone in its growth journey, led by a large follow-on investment from key investors HCAP Partners and Tech Council Ventures.

Key Points:

LEHI, Utah, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Xevant, a leading provider of healthcare analytics and technology solutions, is pleased to announce a significant milestone in its growth journey, led by a large follow-on investment from key investors HCAP Partners and Tech Council Ventures.
HCAP Partners and Tech Council Ventures, both early-stage investors in Xevant’s success, have now reaffirmed their confidence in Xevant, standing firmly behind the company's mission, compelling story, and impressive growth trajectory.
Xevant's Chief Financial Officer, Pete Tantillo, expressed enthusiasm about the continued support, stating, "We are thrilled to have HCAP Partners and Tech Council Ventures, two of our largest investors, confidently make such a large commitment to further the next phase of our growth.
Senior Partner Frank Mora shared his perspective, saying, "At HCAP Partners, we recognize the transformative potential of Xevant in the healthcare sector.

Alight Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 21, 2024

Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points:

Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023.
“Our three-year transformation has generated significant momentum and enabled Alight to deliver strong 2023 results,” said Chief Executive Officer Stephan Scholl.
For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.
A conference call to discuss the Company’s fourth quarter and full year 2023 financial results is scheduled for today, February 21, 2024 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).