INC

General Mills Acquires Fera Pets, Inc., Introduces Growth Fund

Retrieved on: 
Thursday, November 9, 2023
Retail, Start-Up, Finance, Business, Organic Food, Professional Services, Women, Pets, Men, Supermarket, Family, Vitamins, Supplements, Veterinary, Food, Beverage, Consumer, Health, NYSE, Pet, Acquisition, Gold, Growth, GIS, Ecosystem, INC, Investment, General Mills, Smalls, Baker's Dozen (card game), Bottled water, Financial services

General Mills, Inc. (NYSE: GIS) today announced the acquisition of Fera Pets, Inc. , a vet-founded pet supplement company, bringing new health-focused offerings to General Mills’ pet portfolio.

Key Points: 
  • General Mills, Inc. (NYSE: GIS) today announced the acquisition of Fera Pets, Inc. , a vet-founded pet supplement company, bringing new health-focused offerings to General Mills’ pet portfolio.
  • This represents General Mills’ first step into the pet supplement category and first acquisition by its newly launched growth equity fund.
  • Fera Pets, Inc. will become part of General Mills’ new growth equity fund, designed to own, scale and incubate strategically aligned businesses for future integration into the company’s core portfolio.
  • This growth fund is the third pillar of Gold Medal Ventures , General Mills’ disruptive innovation ecosystem, joining G-Works, its internal venture studio, and 301 INC, its corporate venture capital arm.

ACELYRIN, INC. Reports Third Quarter 2023 Financial Results and Recent Highlights

Retrieved on: 
Tuesday, November 7, 2023
SLRN, Research, American College, MDA, Quality of life, Inflammation, Doctor of Philosophy, Hidradenitis suppurativa, Graves' ophthalmopathy, GxP, Disease, DRS, LOS, LEI, I&I, Secukinumab, Shep, Abscess, Shepherd (name), Axial spondyloarthritis, Amgen, Webcast, TED, Safety, Patient, D, Week, FRCP, MD, MRCP, Development, Growth, Clinical trial, Internal, Suicidal ideation, INC, Enthesitis, Psoriatic arthritis, FDA, CMC, Poster, National Center for Advancing Translational Sciences, Senior, Psoriasis, IL-17A, Cryptocurrency, Pharmaceutical industry, Medical device, Management

LOS ANGELES, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ACELYRIN, INC. (Nasdaq: SLRN), a late-stage clinical biopharma company focused on accelerating the development and delivery of transformative medicines in immunology, today reported financial results for the third quarter ended September 30, 2023 and highlighted additional corporate updates and milestones.

Key Points: 
  • (Nasdaq: SLRN), a late-stage clinical biopharma company focused on accelerating the development and delivery of transformative medicines in immunology, today reported financial results for the third quarter ended September 30, 2023 and highlighted additional corporate updates and milestones.
  • For the quarter ended September 30, 2023, these expenses include a stock-based compensation expense of $11.7 million.
  • Net Loss: Net loss totaled $83.9 million for the third quarter of 2023, or $0.87 per share, compared to $14.4 million or $8.17 per share for the third quarter of 2022.
  • ET to review its third quarter 2023 financial results.

Innovative NETSCOUT Solution Protects Customers From Cyberattacks

Retrieved on: 
Tuesday, November 7, 2023
Technology, Mobile, Wireless, Security, Other Technology, Telecommunications, Software, Networks, Internet, Data Management, Intelligence, SOC, Denial-of-service attack, Water, AVP, Organization, NTCT, Torture, Domain Name System, Internet service provider, AED, INC, Chosen-ciphertext attack, DNS, Arms industry

(NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, today launched Adaptive DDoS Protection for Arbor Edge Defense (AED) to protect ISPs and enterprises from DNS water torture attacks.

Key Points: 
  • (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, today launched Adaptive DDoS Protection for Arbor Edge Defense (AED) to protect ISPs and enterprises from DNS water torture attacks.
  • According to the NETSCOUT DDoS Threat Intelligence Report , Domain Name System (DNS) water torture attacks increased 353% in the first six months of 2023, overwhelming Authoritative DNS server resources and bringing down critical DNS services.
  • “These attacks send invalid requests to an Authoritative DNS server to slow it down and prevent legitimate requests from getting a response.
  • “Adaptive DDoS Protection for AED provides customers with a unique hybrid multi-layer DDoS defense architecture,” said Scott Iekel-Johnson, AVP, DDoS and Threat Intelligence at NETSCOUT.

ACELYRIN, INC. Appoints Patricia Turney as Chief Technical Operations Officer

Retrieved on: 
Monday, November 6, 2023
SLRN, Sigma, External, Engineering, Strategic planning, York Region District School Board, MD, CMC, Federal Aviation Administration, Doctor of Philosophy, HBA, Senior, Growth, University, Business administration, Amgen, LOS, Chairperson, Benchmarking, Anderson School, Hispanics in the United States Naval Academy, United States Department of the Navy, INC, Patient, Management, Science, Mathematics

LOS ANGELES, Nov. 06, 2023 (GLOBE NEWSWIRE) -- ACELYRIN, INC. (Nasdaq: SLRN), a late-stage clinical biopharma company focused on accelerating the development and delivery of transformative medicines in immunology, today announced the appointment of Patricia Turney as Chief Technical Operations Officer. Reporting to Founder and CEO Shao-Lee Lin, MD, PhD, Ms. Turney will be responsible for overseeing technical operations, CMC regulatory, corporate quality and facilities, and will join the company’s Senior Leadership Team.

Key Points: 
  • (Nasdaq: SLRN), a late-stage clinical biopharma company focused on accelerating the development and delivery of transformative medicines in immunology, today announced the appointment of Patricia Turney as Chief Technical Operations Officer.
  • Reporting to Founder and CEO Shao-Lee Lin, MD, PhD, Ms. Turney will be responsible for overseeing technical operations, CMC regulatory, corporate quality and facilities, and will join the company’s Senior Leadership Team.
  • “I am delighted to welcome Patricia to the ACELYRIN leadership team as we continue to advance our portfolio and grow our manufacturing capabilities and capacity,” said Dr. Lin.
  • Earlier in her career at Amgen, she also led R&D strategic operations initiatives for portfolio analysis, benchmarking, training, lean six sigma, and strategic planning.

Expanded Polystyrene (EPS) Industry Advances Sustainability with $185M Investment in Recycled Content Resin Technologies

Retrieved on: 
Monday, November 6, 2023
Policy, Legislation, Drainage, Carbon, News, BASF, Environment, Growth, Non-governmental organization, EPS, Private sector, UNEP, Recycling, Procurement, INC, EPR, Thermoplastic

CROFTON, Md., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Expanded polystyrene (EPS) resin producers in North America have collectively invested more than $185M in technologies for recycled content EPS feedstock, advancing sustainability in many sectors. Leading resin producers RAPAC, Epsilyte, Styropek, Nexkemia and BASF have all developed proprietary formulas that will allow EPS fabricators to incorporate ≥30% recycled content in the manufacturing of many applications. Seventy-nine million pounds of online capacity is already serving North American markets, with projections for an additional 150 million pounds of capacity. Three of the resin producer's recycled content products are third-party certified and some are looking at traceability technology to be used in next-generation formula iterations.

Key Points: 
  • CROFTON, Md., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Expanded polystyrene (EPS) resin producers in North America have collectively invested more than $185M in technologies for recycled content EPS feedstock, advancing sustainability in many sectors.
  • Three of the resin producer's recycled content products are third-party certified and some are looking at traceability technology to be used in next-generation formula iterations.
  • Recycled content resin will further reduce EPS' environmental impacts with even lower energy use, and a smaller carbon footprint.
  • Some EPS molders have conducted successful trials with the recycled content resin and are planning to be market-ready by 2024.

SBG Funding Named to Inc.'s Second Annual Power Partner Awards

Retrieved on: 
Monday, October 30, 2023
Advertising, Organization, INC, Marketing, B2B, Health, Entrepreneurship, Record, Life

NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 389 firms in marketing and advertising, health and wellness, financial services, legal, logistics, and productivity, as well as other areas of business.

Key Points: 
  • NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Inc. Business Media announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow.
  • We are thrilled to be 2023 power partner for B2B financing services," says Jeffrey Sachs, Founder & CEO of SBG Funding.
  • "We are thrilled to be honored by INC. as a 2023 power partner for our B2B financing services," says Jeffrey Sachs, Founder and CEO of SBG Funding.
  • With a commitment to innovation, customer service, and industry expertise, SBG Funding is the go-to resource to access business capital to grow and prosper.

FOMO WORLDWIDE REISSUES 2022 FINANCIAL RESULTS; TO HOLD INVESTOR UPDATE OCTOBER 25TH

Retrieved on: 
Friday, October 20, 2023
Diamond, LP, SST, EBITDA, FOMO, Acquisition, FOMC, Growth, PCAOB, Capital expenditure, Form 10-Q, Health, INC, K12

Pittsburgh, PA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- FOMO WORLDWIDE, INC. (US OTC: FOMC) today reannounces and clarifies for investors that the Company generated roughly $8.8 million pro forma revenues in 2022 (consolidated and unaudited), up from $4.3 million in 2021 and $3.2 million in 2020, representing annual pro forma growth of 137% and a high double digit % compound annual growth rate (CAGR). On a reported basis, 2022 revenues grew over 1,000% from the prior year. Gains were primarily driven by strong K12 demand. Orders that had been largely unfulfilled due to pandemic closures and supply chain constraints led to record backlog at FOMO’s primary subsidiary SMARTSolution Technologies LP and SMARTSolution Technologies, Inc. (“SST”) acquired on February 28, 2022.

Key Points: 
  • On a reported basis, 2022 revenues grew over 1,000% from the prior year.
  • SST’s 2022 pro forma gross profit was $1.32 million (14.9%), impacted by inventory adjustments.
  • For further information, please see the investor sponsored FOMO WORLDWIDE, INC.
  • The Company will host an investor meeting next Wednesday October 25th at 5:00pm to update investors on its progress and organic and acquisitive growth strategy, including its recently activated subsidiary Diamond Technology Solutions, LLC.

Global Optical Satellite Communication Market Research Report 2023-2028: Laser Innovations Propel Optical Satellite Communication's Cost Efficiency and Accessibility

Retrieved on: 
Wednesday, October 25, 2023
Internet of things, Weather, Temperature, Gallium arsenide, Region, Ball Corporation, Amplifier, Television, Laser, Antenna, University, COVID-19, Virtual reality, Telecommunications, USD, Component, INC, Converter, Government, Communication, Aircraft, FSO, Communications satellite, Computer data storage, Transponder, Application

The continual enhancement of laser technology, optical components, and modulation techniques is making optical satellite communication more cost-effective and accessible.

Key Points: 
  • The continual enhancement of laser technology, optical components, and modulation techniques is making optical satellite communication more cost-effective and accessible.
  • Private enterprises and startups are increasingly recognizing the value of optical satellite communication for various applications, from commercial satellite services to space tourism.
  • North America, with its reliance on satellite communication in sectors like telecommunications, television, weather monitoring, and crisis management, is a key driver of optical satellite communication technology.
  • Established companies, research institutions, and government agencies have all contributed to the advancement and deployment of advanced satellite communication technologies, including optical communication.

Total Economic Impact Study Finds NETSCOUT Arbor DDoS Protection Solution Delivered 223% Return on Investment

Retrieved on: 
Tuesday, October 17, 2023
Technology, Mobile, Wireless, Security, Other Technology, Telecommunications, Software, Networks, Internet, Data Management, Denial-of-service attack, Attack, Forrester, INC, Organization, SLA, NTCT, Arbor, Research, Risk management

(NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS protection solutions, today revealed the findings of a commissioned October 2023 Forrester Consulting Total Economic Impact™ study evaluating the cost savings and business benefits of deploying the NETSCOUT Arbor DDoS Protection Solution.

Key Points: 
  • (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS protection solutions, today revealed the findings of a commissioned October 2023 Forrester Consulting Total Economic Impact™ study evaluating the cost savings and business benefits of deploying the NETSCOUT Arbor DDoS Protection Solution.
  • Customers using the solution can effectively thwart DDoS attacks, minimize downtime, reduce potential SLA penalties, and offer premium services through intelligent traffic analysis.
  • Based on a financial assessment and interviews with decision-makers that implemented the solution, the Forrester study found that over three years, the Arbor DDoS Protection Solution provided a representative composite organization of interviewed customers with:
    “DDoS attacks can have a crippling effect on customers that rely on uptime,” stated Michael Szabados, Chief Operating Officer at NETSCOUT.
  • To review the findings of the study, please visit our website .

NETSCOUT Achieves AWS Security Competency for Omnis Cyber Intelligence

Retrieved on: 
Tuesday, October 10, 2023
Security, Technology, Other Technology, Telecommunications, Mobile, Wireless, Software, Internet, AWS, Denial-of-service attack, Government, Cyberwarfare, INC, Organization, NDR, Amazon Web Services, OCI, Education, NTCT, Risk management

(NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS protection solutions, today announced it has achieved Amazon Web Services (AWS) Security Competency for its advanced NDR product, Omnis® Cyber Intelligence (OCI) , in the category of threat detection and response.

Key Points: 
  • (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS protection solutions, today announced it has achieved Amazon Web Services (AWS) Security Competency for its advanced NDR product, Omnis® Cyber Intelligence (OCI) , in the category of threat detection and response.
  • As part of the assessment, AWS validated NETSCOUT’s technical proficiency and proven customer success in detecting and responding to security threats.
  • “NETSCOUT’s unique technology, interoperability, and deep integrations with AWS help Omnis Cyber Intelligence give organizations vital context across the lifecycle of their cloud migrations, ultimately helping reduce the time it takes to detect, validate, investigate, and respond to potential security events.”
    NETSCOUT previously announced its integration with AWS Security Hub and alert export capability with Amazon Security Lake .
  • This latest designation is the third granted by AWS to NETSCOUT, which previously secured competencies for “Migration and Modernization” and “Networking.” NETSCOUT is also an AWS Public Sector Partner, demonstrating NETSCOUT’s experience in supporting government, education, and nonprofit organizations worldwide.