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Stack Capital Holding Locus Robotics Expands Global Partnership With DHL Supply Chain

Retrieved on:

Wednesday, May 10, 2023

DHL, DHL Supply Chain, TSX, DPW, Locus, Partnership, ETR, 3D printing, Warehouse

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (TSX: STCK and STCK.WT) is pleased to announce that Locus Robotics, Inc. (“Locus”), an existing portfolio holding, has successfully expanded its business partnership with DHL Supply Chain (ETR:DPW) (“DHL”), the world’s leading logistics provider.

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TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (TSX: STCK and STCK.WT) is pleased to announce that Locus Robotics, Inc. (“Locus”), an existing portfolio holding, has successfully expanded its business partnership with DHL Supply Chain (ETR:DPW) (“DHL”), the world’s leading logistics provider.
Representing the industry’s largest autonomous mobile robotics (“AMR”) deal to date, DHL will deploy 5,000 Locus Origin AMRs across its global network of warehouses and distribution centers, which is expected to be fully integrated into DHL’s operations by year end.
“This exciting announcement further validates the value and strength of Locus’ industry-leading robotics technology,” said Jeff Parks, CEO of Stack Capital.
Stack Capital remains confident in the outlook for Locus and believes that its leadership team is on a path to delivering continued growth.”

DPW Launches DEMO 2023

Retrieved on:

Wednesday, May 3, 2023

Henkel, DEMO, BMW, USD, Digitalization, Organization, MVP, Digital, DPW, Video game

AMSTERDAM, May 3, 2023 /PRNewswire/ -- Digital Procurement World (DPW), the premier tech ecosystem for the global procurement and supply chain industry, today announced the launch of its annual startup pitch competition, DEMO.

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AMSTERDAM, May 3, 2023 /PRNewswire/ -- Digital Procurement World (DPW), the premier tech ecosystem for the global procurement and supply chain industry, today announced the launch of its annual startup pitch competition, DEMO.
DEMO showcases the most promising startups in the industry and celebrates those organizations that are leveraging new and emerging technologies.
Organizations meeting these qualifications in the procuretech industry are invited to apply on the DEMO website now through May 31.
To apply for the pitch competition and learn more about DPW, please visit: https://conference.dpw.ai/demo/

AM Best: U.S. Premium Growth in Delegated Underwriting Authority Enterprise Market Continued Double-Digit Growth Rate in 2022

Retrieved on:

Thursday, April 27, 2023

Insurance, Professional Services, AM Best, ALL, EST, Research, MGA, State, Traction, Delegate, Data, Growth, Operational Research CONsultancy, News, DPW, Reinsurance

Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.

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Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.
The Best’s Market Segment Report contains an in-depth analysis of the U.S. DUAE market and shows these premium sources varying significantly by insurer.
Other report highlights include:
Seven insurance companies wrote more than $1.0 billion in 2022 DPW through affiliated or unaffiliated MGAs.
The top 20 MGAs generated 32.5% of the $67.6 billion in 2022 direct premium written.

Digital Procurement World (DPW) Announces 2023 Headline Speakers

Retrieved on:

Wednesday, April 19, 2023

DPW, Digital, AI, Machine learning

AMSTERDAM, April 19, 2023 /PRNewswire/ -- Digital Procurement World (DPW), the world's biggest and most influential tech event for the procurement and supply chain industry, today announced the key speakers that will headline this year's event. The annual flagship conference, held both online and at the monumental Beurs van Berlage in Amsterdam on October 11-12, brings together a diverse group of tech-driven enterprise leaders, entrepreneurs, academics, politicians, celebrities, and more to converse on the future of procurement and supply chain.

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AMSTERDAM, April 19, 2023 /PRNewswire/ -- Digital Procurement World (DPW), the world's biggest and most influential tech event for the procurement and supply chain industry, today announced the key speakers that will headline this year's event.
Now in its fourth year, DPW is estimated to bring in over 5,000 attendees, 80 speakers, and 90 exhibiting startups hailing from over 80 countries around the world.
"This year's line-up is our strongest ever, and I can't wait to hear our expert speakers' visions for how we will 'make tech work'."
To find out more about DPW Amsterdam 2023 and to secure your ticket, please visit conference.dpw.ai

Best’s Market Segment Report: Bail Bond Insurance Premiums Grow Amid Friction Between Reform Advocates, Opponents

Retrieved on:

Wednesday, January 4, 2023

Insurance, Professional Services, DPW, Organization, AM Best, News, Insurance, ALL, Insurance, Professional Services

The Best’s Market Segment Report, “Bail Bond Premiums Grow Amid Friction Between Reform Advocates and Opponents,” notes the contentious debate between those who view cash bail as discriminating against the non-affluent population and those who believe that limiting or eliminating cash bail results in rising crime rates is ongoing.

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The Best’s Market Segment Report, “Bail Bond Premiums Grow Amid Friction Between Reform Advocates and Opponents,” notes the contentious debate between those who view cash bail as discriminating against the non-affluent population and those who believe that limiting or eliminating cash bail results in rising crime rates is ongoing.
However, according to the report, predictions that the bail bond industry would become obsolete has proved to be premature, although aggregate bail bond insurance direct premiums written has shown some fluctuation in recent years.
Bail bond direct premiums written (DPW) grew to $1.50 billion in 2021 from $1.38 billion in the previous year.
Significant disruption in the surety market’s bail bond insurance segment driven by criminal justice reform has become a reality in many jurisdictions.

CTA Construction Celebrates Burlington's New Department of Public Works Facility

Retrieved on:

Wednesday, November 30, 2022

DPW, Public works, Burlington (department store), Los Angeles County Department of Public Works, LEED, CTA, Park, Maintenance, Water, Biophysical environment, Recreation, NV5, Memorial Elementary School, Woman, Leadership in Energy and Environmental Design, Renewable energy, Construction, BURLINGTON

BURLINGTON, Mass., Nov. 30, 2022 /PRNewswire/ -- Construction of the second building that was part of the 2-phase $24 million Burlington Department of Public Works and Parks & Recreation Facility project was recently completed by CTA Construction Managers. CTA as well as members of the building committee, community, DPW staff, and the rest of the project team were on-hand for the recent ribbon cutting ceremony.

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CTA Construction recently completed the second building that was part of the 2-phase $24 million Burlington Department of Public Works and Parks & Recreation Facility project.
BURLINGTON, Mass., Nov. 30, 2022 /PRNewswire/ -- Construction of the second building that was part of the 2-phase $24 million Burlington Department of Public Works and Parks & Recreation Facility project was recently completed by CTA Construction Managers .
Phase 1, which houses the DPW Vehicle Maintenance and Parks & Recreation Maintenance Department was completed last year by CTA Construction .
In Phase 2, the second building was constructed for the Department of Public Works, which includes the town's highway and water & sewer divisions.

Stack Capital Invests $8 Million USD Into Locus Robotics

Retrieved on:

Tuesday, November 29, 2022

Stack Capitals investment was part of the recently announced $117 million USD Series F funding which brought its valuation close to $2 billion USD and included Goldman Sachs Asset Management (NYSE:GS), G2 Venture Partners, SuRo Capital, Next 47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Grays Creek Capital, Silicon Valley Bank, Hercules Capital, Inc., BOND, and Scale Venture Partners.

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Stack Capitals investment was part of the recently announced $117 million USD Series F funding which brought its valuation close to $2 billion USD and included Goldman Sachs Asset Management (NYSE:GS), G2 Venture Partners, SuRo Capital, Next 47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Grays Creek Capital, Silicon Valley Bank, Hercules Capital, Inc., BOND, and Scale Venture Partners.
Locus has built an impressive platform of robotic solutions during the past several years and were extremely excited to invest into the business, said Jeff Parks, Chief Executive Officer of Stack Capital.
Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses.
SC Partners Ltd. has taken the initiative in creating Stack Capital and acts as Stack Capitals administrator and is responsible to source and advise with respect to all investments for Stack Capital.

Scoutbee Announces the Creation of its Strategic Advisory Board and Inaugural Members

Retrieved on:

Monday, November 21, 2022

Scoutbee , the leading supplier intelligence and discovery platform provider, today officially announced the creation of its Strategic Advisory Board (SAB).

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Scoutbee , the leading supplier intelligence and discovery platform provider, today officially announced the creation of its Strategic Advisory Board (SAB).
Were thrilled to have such an accomplished and diverse group of procurement leaders and luminaries join Scoutbees Strategic Advisory Board, said Gregor Sthler, CEO of Scoutbee.
The members of Scoutbees Strategic Advisory Board include:
Karin Hagen-Gierer , an international procurement, supply chain, and finance executive with 30 years of experience working for leading multinational corporations in the FMCG, pharma, and packaging industries.
Scoutbees Strategic Advisory Board held its first meeting in Amsterdam on September 23, following the Digital Procurement World (DPW) Conference, of which Scoutbee was a platinum sponsor.

Pactum Named a Finalist in Digital Procurement World Amsterdam 2022 Startup Competition

Retrieved on:

Thursday, September 22, 2022

Pactum , the creator of the AI-driven autonomous negotiation market, has been named a finalist in Digital Procurement World Amsterdam (DPW)s DEMO Startup Competition in the Early-Stage Track.

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Pactum , the creator of the AI-driven autonomous negotiation market, has been named a finalist in Digital Procurement World Amsterdam (DPW)s DEMO Startup Competition in the Early-Stage Track.
This is Pactums second year competing at the event as they were named the winner in the Automation and Efficiency category in 2021.
Started by DPW in 2019, DEMO is the procurement industrys largest startup pitch competition.
The top 10 startups, including Pactum, were then invited to pitch live on Center Stage at the DPW Amsterdam 2022 conference.

Craft Launches New Suite of Products & Partnerships at DPW Conference Aimed at Boosting Supply Chain Resilience

Retrieved on:

Wednesday, September 21, 2022

The launch comes at the start of Digital Procurement World (DPW), a conference showcasing cutting-edge technologies that are shaping the future of procurement.

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The launch comes at the start of Digital Procurement World (DPW), a conference showcasing cutting-edge technologies that are shaping the future of procurement.
Craft's new suite of products include Craft Risk Hub, Craft N-Tier Mapping, and Craft Alerts, all of which provide critical, real-time risk assessment via objective data and innovative machine learning models.
Craft Risk Hub helps supply chain and procurement professionals understand the overall health of an entire supplier network and determine where the highest risks exist.
With powerful additions to Craft's platform of products and partners, procurement and supply chain leaders can feel confident they're accurately assessing risk and preventing supply chain disruption with a centralized, best-in-class supplier intelligence platform.