Bertelsmann Printing Group

Industry Titan Vyomesh Joshi, Retired Hewlett Packard EVP, Joins Legible as Strategic Advisor

Retrieved on: 
Wednesday, September 6, 2023

"We are excited to welcome Vyomesh Joshi as a Strategic Advisor," said Kaleeg Hainsworth, CEO of Legible.

Key Points: 
  • "We are excited to welcome Vyomesh Joshi as a Strategic Advisor," said Kaleeg Hainsworth, CEO of Legible.
  • In his role as a Strategic Advisor, Mr. Joshi will collaborate closely with Legible's executive team providing strategic insights, guidance on market positioning, and opportunities for product innovation.
  • "I am honoured to join the Legible team as a Strategic Advisor," Vyomesh Joshi commented.
  • This strategic collaboration comes at a time when Legible is preparing to launch numerous revenue streams in its expanding role as a leading digital entertainment disruptor and innovator.

Vincent Printing and BP Graphics Announce Merger; New Company to be Named Convergent Print Group

Retrieved on: 
Monday, March 27, 2023

CHATTANOOGA, Tenn. and PHOENIX, March 27, 2023 /PRNewswire-PRWeb/ -- Two of the industry leaders in large and grand-format graphics - BPGraphics in Phoenix, Ariz. and Vincent Printing in Chattanooga, Tenn. – have today announced that they will join forces to create Convergent Print Group. The combined entity will continue to drive innovation and growth in the industry, bringing together the unique strengths and talents of each organization to serve the needs of their customers, employees and vendors. The financial details of the merger were finalized on March 23, 2023, with an anticipated closing date by May 1, 2023. Terms of the agreement were not disclosed.

Key Points: 
  • CHATTANOOGA, Tenn. and PHOENIX, March 27, 2023 /PRNewswire-PRWeb/ -- Two of the industry leaders in large and grand-format graphics - BPGraphics in Phoenix, Ariz. and Vincent Printing in Chattanooga, Tenn. – have today announced that they will join forces to create Convergent Print Group .
  • "This merger marks an important milestone in the evolution of both companies," says Curt Carpenter, CEO of Convergent Print Group.
  • Vincent Printing is the industry leader in sustainability and has upended the environmental impact of large format graphics through their EnhanceAir® coatings.
  • Convergent Print Group will retain these values and work to cultivate an environment where customers, employees and vendors join together to help each other succeed.

BDMI Invests in Book.io, the First Ever NFT Ebook Platform

Retrieved on: 
Monday, October 17, 2022

DALLAS, Oct. 17, 2022 /PRNewswire/ -- Book.io is creating the new platform for digital ownership in book publishing by putting ebooks and audiobooks on the blockchain through their proprietary technology, Decentralized Encrypted Assets (DEAs). Instead of the current licensing model in digital publishing, readers can own their digital books and sell them if they choose to do so, creating a secondary market where publishers and authors earn royalties on every resale in perpetuity. For the first time, publishers and authors will be able to generate income from digital "used book" sales. Launching its first book sale on July 20th, 2022, the total volume of secondary market sales has already surpassed over half a million dollars, including the sale of a single collectible ebook at over $4,000. 

Key Points: 
  • Keith Titan, Partner at BDMI, added "We are excited to be part of the Book.io team via our recent investment.
  • Their initial NFT ebook releases quickly sold out and generated hundreds of thousands of dollars in sales with an immediately active secondary market as well.
  • Book.io is the leading platform for NFT ebooks and digital content in the Web3 era.
  • Book.io is working diligently to build an ebook and audiobook marketplace, mobile reading apps, and a publishing portal for independent authors.

Verizon Business Becomes Bertelsmann’s Global Network Transformation Partner

Retrieved on: 
Thursday, May 5, 2022

LONDON, May 05, 2022 (GLOBE NEWSWIRE) -- Verizon Business has been selected for the second time by Bertelsmann , the media, services and education company to transform its global network infrastructure; becoming one of the companys global network transformation partners.

Key Points: 
  • LONDON, May 05, 2022 (GLOBE NEWSWIRE) -- Verizon Business has been selected for the second time by Bertelsmann , the media, services and education company to transform its global network infrastructure; becoming one of the companys global network transformation partners.
  • It was crucial we aligned with a technology partner we trusted, had proven global experience, a track record within our group and shared our vision as to how the network would support the evolving transformation within our business.
  • Verizon Business has been our trusted network partner for the past five years and we are confident that they are also the right partner for our future.
  • Verizon Businesss network as a service (NaaS) is an on-demand solution utilizing the latest connectivity, network and security technologies.

Bertelsmann Explores Increasing Stake in Afya

Retrieved on: 
Monday, March 7, 2022

Afya Limited, or Afya (Nasdaq: AFYA), today announced that it was notified that Nicolau Carvalho Esteves and Rosngela de Oliveira Tavares Esteves, or the Esteves family, have made a binding offer to sell 6,000,000 Class B common shares of Afya at the purchase price of US$26.90 per share to an affiliate of Bertelsmann SE& Co. KGaA, or Bertelsmann.

Key Points: 
  • Afya Limited, or Afya (Nasdaq: AFYA), today announced that it was notified that Nicolau Carvalho Esteves and Rosngela de Oliveira Tavares Esteves, or the Esteves family, have made a binding offer to sell 6,000,000 Class B common shares of Afya at the purchase price of US$26.90 per share to an affiliate of Bertelsmann SE& Co. KGaA, or Bertelsmann.
  • If the transaction proceeds, following the transaction, Bertelsmann and the Esteves family will beneficially own 57.5% and 33.1% voting interest, and 31.0% and 17.8% of the total shares respectively, in Afya.
  • Afya was notified that if Bertelsmann accepts the offer, the Esteves family and Bertelsmann have agreed to amend Afyas articles of association and the current shareholders agreement between Bertelsmann and the Esteves family in order to allow Bertelsmann to consolidate its investment in Afya under International Financial Reporting Standards as a controlling shareholder.
  • Virglio Gibbon, CEO of Afya, noted that We are delighted that Bertelsmann, one of the worlds leading media companies with a significant footprint in the education sector, has evidenced its commitment to Afyas long-term strategy through its evaluation of increasing its stake.

Ada Health extends Series B to $120 million to accelerate rapid growth

Retrieved on: 
Thursday, February 10, 2022

BERLIN, LONDON and NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Ada Health GmbH ('Ada'), the Berlin-based digital health company, today announces that it has closed its Series B round at $120 million by raising a $30 million extension round.

Key Points: 
  • BERLIN, LONDON and NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Ada Health GmbH ('Ada'), the Berlin-based digital health company, today announces that it has closed its Series B round at $120 million by raising a $30 million extension round.
  • Torsten Schero, Chief Financial Officer at Ada Health, said:
    "We are thrilled to have these high-profile investors joining Ada as we accelerate our rapid international growth.
  • On the back of Ada Health's successful series B, Schroders Capital has acquired secondary shares for over $30 million through public and private vehicles.
  • The Ada platform has 11 million users worldwide, and has completed 26 million assessments since its global launch in 2016.

Ada Health extends Series B to $120 million to accelerate rapid growth

Retrieved on: 
Thursday, February 10, 2022

BERLIN, LONDON and NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Ada Health GmbH ('Ada'), the Berlin-based digital health company, today announces that it has closed its Series B round at $120 million by raising a $30 million extension round. The new funding will enable Ada to accelerate its growth and strengthen its presence in the US, following strong interest and traction in that market.

Key Points: 
  • Schroders Capital acquires secondary shares through public and private vehicles
    BERLIN, LONDON and NEW YORK, Feb. 10, 2022 /PRNewswire/ -- Ada Health GmbH ('Ada'), the Berlin-based digital health company, today announces that it has closed its Series B round at $120 million by raising a $30 million extension round.
  • Torsten Schero, Chief Financial Officer at Ada Health, said:
    "We are thrilled to have these high-profile investors joining Ada as we accelerate our rapid international growth.
  • On the back of Ada Health's successful series B, Schroders Capital has acquired secondary shares for over $30 million through public and private vehicles.
  • The Ada platform has 11 million users worldwide, and has completed 26 million assessments since its global launch in 2016.

Mohn Media Invests in Efficiency and Value with EFI Publication Print Suite ERP

Retrieved on: 
Wednesday, October 6, 2021

Specifically designed to meet the unique needs of enterprise publication print organizations, the EFI Publication Print Suite integrates many production activities, automating manufacturing to help businesses control costs, reduce waste, and remove inefficiencies.

Key Points: 
  • Specifically designed to meet the unique needs of enterprise publication print organizations, the EFI Publication Print Suite integrates many production activities, automating manufacturing to help businesses control costs, reduce waste, and remove inefficiencies.
  • The suite features advanced EFI Technique ERP software at its core, giving users the benefit of powerful, rules-based system intelligence to produce complex, multi-option estimates in minutes.
  • Robust data solutions in the suite give Mohn Media even more capabilities, helping company managers gain visibility and insight into every area of the business.
  • For more information about the EFI Publication Print Suite and other products and services from EFI, visit www.efi.com.