MIT Blackjack Team

E2IP strengthens its Board of Directors for accelerated global scalability. Accomplished CEO and Fortune 500 Executive, Michael J. Loparco, joins E2IP Board of Directors

Retrieved on: 
Tuesday, January 30, 2024
Cloud, Growth, Robotics, Electronics manufacturing services, History, HMI, Partner (business rank), Corporate law, Symbiosis, Consumer, JBL, IPO, Medicine, EVP, Corporation, International law, MIT Blackjack Team, Defense, SYM, Talent, Holland & Knight, Management

MONTREAL, Jan. 30, 2024 /PRNewswire/ -- E2IP today announced the appointment of Michael J. Loparco as an independent member of its Board of Directors.

Key Points: 
  • MONTREAL, Jan. 30, 2024 /PRNewswire/ -- E2IP today announced the appointment of Michael J. Loparco as an independent member of its Board of Directors.
  • "Michael brings significant industry experience and strategic guidance to the Board of Directors," said Scott MacDonald, Co-founder and Managing Partner at McRock Capital and E2IP Board Chair.
  • It's an honor to work alongside the talented E2IP team during this amazing inflection point in its evolution," he added.
  • Mr Loparco has worked on public company and private company boards, in both for-profit and not-for-profit environments.

E2IP strengthens its Board of Directors for accelerated global scalability. Accomplished CEO and Fortune 500 Executive, Michael J. Loparco, joins E2IP Board of Directors

Retrieved on: 
Tuesday, January 30, 2024
Cloud, Growth, Robotics, Electronics manufacturing services, History, HMI, Partner (business rank), Corporate law, Symbiosis, Consumer, JBL, IPO, Medicine, EVP, Corporation, International law, MIT Blackjack Team, Defense, SYM, Talent, Holland & Knight, Management

MONTREAL, Jan. 30, 2024 /PRNewswire/ - E2IP today announced the appointment of Michael J. Loparco as an independent member of its Board of Directors.

Key Points: 
  • MONTREAL, Jan. 30, 2024 /PRNewswire/ - E2IP today announced the appointment of Michael J. Loparco as an independent member of its Board of Directors.
  • "Michael brings significant industry experience and strategic guidance to the Board of Directors," said Scott MacDonald, Co-founder and Managing Partner at McRock Capital and E2IP Board Chair.
  • It's an honor to work alongside the talented E2IP team during this amazing inflection point in its evolution," he added.
  • Mr Loparco has worked on public company and private company boards, in both for-profit and not-for-profit environments.

David G. Clower Selected as Next President & CEO of National Trust Community Investment Corporation

Retrieved on: 
Wednesday, January 24, 2024
Public Policy, Government, State, Local, Finance, Small Business, Accounting, Professional Services, Philanthropy, Foundation, Chairperson, CDFI, Executive Committee, MIT Blackjack Team, Trust, Executive, National Trust, Investment, Search Committee, Management

The National Trust Community Investment Corporation (NTCIC), a subsidiary of the National Trust for Historic Preservation (National Trust) and a leading national Community Development Entity and tax credit syndicator, proudly announces the appointment of David G. Clower as its new President & Chief Executive Officer, effective February 20, 2024.

Key Points: 
  • The National Trust Community Investment Corporation (NTCIC), a subsidiary of the National Trust for Historic Preservation (National Trust) and a leading national Community Development Entity and tax credit syndicator, proudly announces the appointment of David G. Clower as its new President & Chief Executive Officer, effective February 20, 2024.
  • “We are thrilled to announce David Clower as the new President & CEO of NTCIC, following a meticulous and comprehensive year-long search,” stated Terrian Barnes, Chair of the Search Committee.
  • “David’s deep industry experience and his steadfast commitment to community service align seamlessly with our organizational values and objectives.
  • “NTCIC’s amazing team of dedicated, mission-driven investment professionals have consistently delivered quality social outcomes and impressive earnings over time for investors,” said Mr. Clower.

Warburg Pincus and TA Associates Enter into an Agreement to Sell Procare Solutions to Roper Technologies

Retrieved on: 
Thursday, January 25, 2024
Warburg Pincus, Jo-Ann Stores, Corporate services, LLP, Partnership, Kirkland & Ellis, Software as a service, MIT Blackjack Team, Child care, Curriculum, Associate, Workflow, TA Associates, ROP, William Blair & Company, Education, Growth, Financial services

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the signing of a definitive agreement to sell Procare Solutions ("Procare"), a leading provider of integrated child care center management software and payments processing, to Roper Technologies, Inc. ("Roper") (Nasdaq: ROP), for a total enterprise value of $1.86 billion. TA Associates ("TA"), a leading global private equity firm, also sold its minority interest in Procare as part of the transaction.

Key Points: 
  • TA Associates ("TA"), a leading global private equity firm, also sold its minority interest in Procare as part of the transaction.
  • Procare provides a broad, high-quality product suite that serves the unique and complex demands of more than 37,000 child care centers.
  • Founded in 1992, Procare is a true end-to-end solution that supports customers of all sizes, from single-center operations to complex nationwide enterprises.
  • William Blair & Company, LLC served as lead financial advisor and Raymond James & Associates, Inc. served as an advisor to Warburg Pincus.

Chakra Growth Fund Launched and Completed Its First Close in December 2023 With a Vision to Drive Sustainable Change

Retrieved on: 
Monday, January 8, 2024
Environment, Finance, Alternative Energy, Energy, Banking, Climate Change, Professional Services, Green Technology, Investment, MIT Blackjack Team, Renewable energy, Transport, Carbon, Climate change, Agriculture, Non-governmental organization

Chakra Growth Fund, a pioneering initiative committed to accelerating the transition to a low-carbon future, launched and closed the first funding tranche in December 2023.

Key Points: 
  • Chakra Growth Fund, a pioneering initiative committed to accelerating the transition to a low-carbon future, launched and closed the first funding tranche in December 2023.
  • With a mission to foster sustainable practices and combat climate change, Chakra Growth Fund is set to become a driving force in supporting innovative companies across Energy, Mobility, Buildings, and Industrials.
  • Key Highlights of Chakra Growth Fund:
    Strategic Investments: Chakra Fund will strategically invest in projects and companies focused on decarbonization, renewable energy, energy efficiency, and sustainable practices.
  • Transparent Governance: Chakra Fund is committed to transparency and accountability, ensuring that all investments align with rigorous standards.

SOCMA Unveils Key Findings from Contract Manufacturing Outlook Survey in the Specialty Chemicals Industry

Retrieved on: 
Thursday, December 7, 2023
MIT Blackjack Team, Legal Entity Identifier, Chemical substance, Business Growth Fund, American Revenue Association, Society, Optimism, Speciality chemicals

ARLINGTON, Va., Dec. 6, 2023 /PRNewswire/ -- The specialty chemical sector, despite facing challenges in 2023, is poised for a robust rebound in 2024, according to a first-of-its-kind Contract Manufacturing Outlook Report conducted by the Society of Chemical Manufacturers & Affiliates (SOCMA).

Key Points: 
  • "SOCMA is uniquely positioned to compile and customize industry data for the specialty and fine chemicals market," said Jennifer Abril , SOCMA President and CEO, "This report is a new component of the association's industry intelligence resources designed to support domestic manufacturing of specialty chemicals and serve as a valuable resource for industry leaders in near-term and outyear planning."
  • The survey collected information on issues such as high-demand chemistries and technologies, immediately available capacities in the industry, and labor, investment, and business trends.
  • Amidst an industry recession and destocking trends in 2023, specialty chemical manufacturers are showing resilience and optimism.
  • The SOCMA Contract Manufacturing Outlook Report illuminates the resilience and strategic focus of the specialty chemicals industry, providing actionable insights for stakeholders navigating the evolving landscape.

Leading AI decisioning platform Rich Data Co successfully raises $17.5 million in Series B round to accelerate North America expansion

Retrieved on: 
Wednesday, November 29, 2023
MIT Blackjack Team, NCino, Investment, RDC, Intelligence, ASX, EVP, Partnership, AI, WBC, Bank, Retail, Ecosystem, Westpac

SYDNEY, Nov. 29, 2023 /PRNewswire/ -- Rich Data Co (RDC) – a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised US$17.5m in its Series B round.

Key Points: 
  • SYDNEY, Nov. 29, 2023 /PRNewswire/ -- Rich Data Co (RDC) – a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised US$17.5m in its Series B round.
  • The funds raised will be used to help accelerate RDC's expansion into North America and grow its industry-leading position as an AI decisioning platform in the global banking sector.
  • Founded in Australia in 2016, RDC uses explainable AI to provide banks with deeper insight into borrower behaviour, enabling more accurate and efficient lending decisions to businesses.
  • Securing such a significant amount of investment within challenging fundraising conditions, speaks to the opportunity that Rich Data Co's AI Decisioning Platform offers the industry, which is pleasingly being recognised by our investors.

Transcend Secures Investment from Citi to Accelerate Global Deployment of Enterprise-wide Inventory Optimization Solutions

Retrieved on: 
Wednesday, November 15, 2023
MIT Blackjack Team, Growth, Citigroup, Security (finance), Cryptocurrency, Triparty Required Value, Transcend

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Transcend, a leading provider of liquidity, funding, and collateral optimization solutions, welcomes Citi as their latest investor.

Key Points: 
  • NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Transcend, a leading provider of liquidity, funding, and collateral optimization solutions, welcomes Citi as their latest investor.
  • Citi's funding will continue to support Transcend's global roll-out of its solutions including its groundbreaking optimization technology.
  • Citi is the third global bank to invest in Transcend, which was formed in 2013 by Bimal Kadikar, along with other institutional investors.
  • "Transcend is excited to welcome Citi as an investor and a client," said Bimal Kadikar, Founder and CEO of Transcend.

HawkEye 360 Names Craig Searle VP of Strategic Finance

Retrieved on: 
Thursday, October 19, 2023
Columbia Business School, RF, University, MIT Blackjack Team, Searle, Economics, Growth, HawkEye 360, Business administration, Institute of Management Accountants, Hawk-Eye, Navigation, Master of Business Administration, Communication, Uncertainty, Audit committee, Management, Communications satellite, Advance

HERNDON, Va. , Oct. 19, 2023 /PRNewswire/ -- HawkEye 360 Inc., the world's leading defense technology company for space-based radio frequency (RF) data and analytics, announced today the appointment of Craig Searle as Vice President of Strategic Finance. He is transitioning into this role after serving as a member of HawkEye 360's Board of Directors for the past four years.

Key Points: 
  • HERNDON, Va. , Oct. 19, 2023 /PRNewswire/ -- HawkEye 360 Inc. , the world's leading defense technology company for space-based radio frequency (RF) data and analytics, announced today the appointment of Craig Searle as Vice President of Strategic Finance.
  • "Having worked with the HawkEye 360 leadership team for the past several years I am thrilled to join the company full time," said Searle.
  • "Craig has been an exceptional board member for the past four years and possesses a deep understanding of all facets of our business," said John Serafini, HawkEye 360 Chief Executive Officer.
  • For more information about capabilities of the HawkEye 360 satellite constellation, please visit he360.com .

Hong Kong based Web3 and blockchain fintech fund launches with USD100m in first close.

Retrieved on: 
Wednesday, October 4, 2023
Titan, Cosmos, Blockchain, Defense Information Systems Agency, Animoca Brands, NFT, Securities and Futures Commission, Internet, MIT Blackjack Team, Pacific Century Group, Y combinator, Security, Non-fungible token, Trust, State Street, Investment, Terminal 3, CLSA, Consumer, UBS, CMCC, EOS.IO, Cosmos Co-operative Bank Ltd, Cryptocurrency, Infrastructure, Fintech, B1

CMCC Global raised USD100m to launch a new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.

Key Points: 
  • CMCC Global raised USD100m to launch a new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.
  • HONG KONG, Oct. 4, 2023 /PRNewswire/ - Hong Kong's push towards Blockchain enabled Fintech and Web3 innovation received strong tailwind through a new fund that CMCC Global launched this week.
  • The Titan Fund has reached its fundraising target of USD100m in the first close and is supported by a number of world leading blockchain investors.
  • The Titan Fund is an institutional grade fund with State Street as the fund administrator and EY as the auditor.