REYKJAVIK, ICELAND: Ossur, a global leader in prosthetic and non-invasive orthopaedic technologies has announced the establishment of Ossur Japan G.K., a new entity that will be based in Tokyo and fully operational from January 1st, 2021. Ossur Japan will be led by Mrs. Shoko Nireki, who has been leading the Japanese operations for more than…
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Samsung Electronics’ second production line in Pyeongtaek commences mass production
SEOUL: Samsung Electronics Co. announced that its second production line in Pyeongtaek, Korea, has commenced mass production of the industry’s first 16-gigabit (Gb) LPDDR5 mobile DRAM, using extreme ultraviolet (EUV) technology. Built on Samsung’s third-generation 10nm-class (1z) process, the new 16Gb LPDDR5 boasts the highest mobile memory performance and largest capacity to enable more consumers…
Morpho establishes smartphone business subsidiary in Taiwan
TOKYO: Morpho Inc. announced that the establishment of “Morpho Taiwan”, a 100% owned local subsidiary, with the aim of strengthening its business foundations in the fields of smartphones, video surveillance, and industrial IoT in Taiwan. “In the smartphone business, which is the main business of the Morpho Group, we have expanded business in Taiwan in…
Jobvite launches AI Innovation Lab to deliver recruitment insights
INDIANAPOLIS: Jobvite has announced the launch of the AI Innovation Lab, empowering talent acquisition leaders to better understand recruitment data and improve recruiting results. Jobvite’s AI Innovation Lab is comprised of Jobvite’s experienced data science team that not only develops new product capabilities but also delivers innovative analysis and insights to help companies achieve better…
ConsumerMedical acquires virtual second opinion innovator InfiniteMD
BOSTON: Clinical advocacy and decision-support company ConsumerMedical has acquired InfiniteMD (IMD), a news release said. InfiniteMD is a technology-leading virtual Expert Medical Opinion (EMO) firm recognized for its innovative platform and network of elite providers and specialists. “This acquisition streamlines the delivery of critical, expert medical guidance that will give our participants facing serious and…
monday.com and Xertica announce new partnership to boost remote work in Latin America
MEXICO CITY: monday.com, a customizable work operating system, and Xertica, a leading cloud computing consulting firm in Latin America, are partnering to work together in Latin America, where monday.com has 10,000 customers. This aims to help companies, through monday.com’s resources, to be more competitive and achieve their goals with their remote teams. According to GlobalData,…
Southern California Edison gets green light for $436mn expanded EV charging program
ROSEMEAD: State officials gave Southern California Edison (SCE) the green light for an expansive electric car charging infrastructure program that will add about 38,000 new chargers throughout the utility’s 50,000-square-mile service area. The program, known as Charge Ready 2, will be the nation’s largest light-duty electric vehicle charging program run by an investor-owned utility. “This…
Cross-border payments company WorldRemit to acquire app-based remittance company Sendwave
LONDON: Global cross-border payments company WorldRemit announced it has agreed to acquire Sendwave, a rapidly growing app-based remittance company in a cash and stock transaction that is expected to close, subject to licensing and regulatory approvals, in Q4 2020. Founded in 2014, Sendwave has built a leading and rapidly growing digital remittance service to East…
SkillStorm Appoints Justin Vianello as CEO and Joe Mitchell as COO
JACKSONVILLE: SkillStorm, a company developing and deploying teams of highly specialized domestic tech talent to commercial and federal organizations, announced the appointment of Justin Vianello to Chief Executive Officer (CEO) and Joe Mitchell to Chief Operating Officer (COO). The new leadership comes at a time when the need for domestic tech talent is surging as…
MetroNet completes construction of 100% fiber optic network in Lexington
LEXINGTON: MetroNet announced the completion of its citywide, 100% fiber-optic network in Lexington, Ky., earning Lexington, with a population of 325,000, the title of largest Gigabit City in the U.S. For the last 2.5 years, MetroNet has been hard at work laying 4.4 million feet of fiber in neighborhoods across the city. Former Mayor Jim…
Bridgewater Bank unveils new corporate headquarters in St. Louis Park
ST. LOUIS PARK: Bridgewater Bank, a local Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, today announced the opening of its new corporate headquarters – Bridgewater Corporate Center – as part of its planned expansion and relocation to the corner of Excelsior Boulevard and Monterey Drive in St. Louis…
Hologic to acquire Acessa Health for approximately $80 million in cash
MARLBOROUGH: Hologic Inc., a global leader in women’s health, has acquired Acessa Health Inc., a privately-held innovator in minimally invasive treatment for fibroids, for approximately $80 million in cash plus contingent payments based on future revenue growth. “Acquiring Acessa Health strengthens our leadership position in the GYN surgical space and broadens our fibroid treatment portfolio…