MIAMI: Ryder System Inc. has launched RyderVentures, a new corporate venture capital fund, a news release noted. RyderVentures will invest in and partner with start-up companies that are developing new technologies and business models that deliver advancements and automation in the logistics and transportation industries. RyderVentures is targeting $50 million in investments over the next…
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Blue Cloud Ventures makes investment in Arctic Wolf Networks
NEW YORK: Blue Cloud Ventures (BCV) through its fourth fund, Blue Cloud Ventures IV LP, made its first investment in Arctic Wolf Networks. Arctic Wolf, an existing BCV III portfolio company, is the leader in the security operations space and raised a $200 million Series E round. “Arctic Wolf is emblematic of the type of…
Yieldmo appoints AdTech veteran Duc Chau as chief technology officer
NEW YORK: Yieldmo, a digital advertising and attention analytics company, has hired Duc Chau as its new Chief Technology Officer. With more than 20 years of engineering experience building high performing teams, distributed systems, and technology infrastructures, Chau will be responsible for the innovation and expansion of Yieldmo’s technology and will report directly to Yieldmo…
Visa to acquire Latin American digital financial solutions company, YellowPepper
MIAMI: Visa Inc. has signed a definitive agreement to acquire YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean. The acquisition of YellowPepper builds on a strategic partnership and investment Visa made in YellowPepper in May 2018. The YellowPepper platform offers a rich set of…
Francisco Partners to acquire Forcepoint from Raytheon Technologies
SAN FRANCISCO: Francisco Partners, a global investment firm, has signed a definitive agreement to acquire Forcepoint, a cybersecurity solutions provider, from Raytheon Technologies. “We have followed Forcepoint for years and have a deep appreciation for its outstanding portfolio of innovative security products,” said Brian Decker, Partner at Francisco Partners. “Security is an increasingly important strategic…
Jernigan Capital’s shareholders approve acquisition by Nexpoint
NEW YORK: Jernigan Capital Inc. announced that its shareholders approved the acquisition of Jernigan by affiliates of NexPoint Advisors L.P. at its special meeting of stockholders. Shares representing approximately 77.67% of the Company outstanding stock voted at the special meeting, with approximately 97.65% of such shares voting FOR approval of the merger. As announced previously,…
Lion Equity completes acquisition of T-Y Group and Harbor Linen
DENVER: Lion Equity Holdings acquired T-Y Group and Harbor Linen from Bed Bath & Beyond Inc. TY-Harbor distributes quality linens, terry, amenities, case goods and apparel to world-class businesses in the global hospitality and healthcare industries. TY-Harbor will be merged with Lion Equity Partners’ existing portfolio company, Riegel Linen, a leading importer, manufacturer, and supplier…
Yellowstone Acquisition Company closes $125 million initial public offering
OMAHA: Yellowstone Acquisition Company announced the closing of its initial public offering (IPO) of 12.5 million units at a price of $10 per unit, resulting in gross proceeds of $125 million. The units began trading on the NASDAQ Stock Market LLC under the ticker symbol “YSACU” on October 22, 2020. Each unit issued in the…
American Express offer Uber Cash benefit for Gold members
NEW YORK: American Express and Uber announced an exclusive new offer for U.S. Consumer Platinum, Gold and Green Card Members and an Uber Cash benefit for Gold Card Members to bring their next at-home dining experience right to their doorstep and support the local restaurants in their communities. “Our Card Members crave food experiences and…
Steve Fludder appointed President and CEO of LS Energy Solutions
CHARLOTTE: LS Energy Solutions has appointed Steve Fludder as new President and CEO, a news release noted. Fludder is an accomplished power and energy veteran, who most recently served as CEO of NEC Energy Solutions and earlier held the post of Chief Marketing and Sales Officer of Samsung Engineering. Steve started his career at GE…
NantKwest Names Richard Adcock Chief Executive Officer
EL SEGUNDO: NantKwest Inc. has appointed healthcare industry veteran with proven operational skills Richard Adcock as its Chief Executive Officer, effective immediately. Adcock brings extensive leadership experience to NantKwest as the company advances rapidly in the development of natural killer cell-based immunotherapies for cancer and serious infectious diseases. Rich will assume the role of CEO…
Santé Laboratories forms alliance with Lone Star Overnight to facilitate hemp farmers in Texas
AUSTIN: In order to facilitate hemp farmers, Santé Laboratories has entered into an alliance with Lone Star Overnight (LSO) to transport hemp crops, free, from anywhere in the state of Texas right to the laboratory’s doorstep in Austin. This partnership provides a more affordable and reliable pathway for farmers throughout Texas who are muddling their…