EDMONTON: Innovate Edmonton’s Board of Directors has recruited media-tech, investment and entrepreneurial powerhouse Catherine Warren as its new CEO, a news release said. Warren’s comprehensive understanding of digital and sustainable economies, long standing service to major Canadian innovation funds and leadership in top startup ecosystems will be powerful assets for Innovate Edmonton and its partners….
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Comcast launching more than 30 WiFi-connected “lift zones” in Washington
SEATTLE: Comcast Corporation announced plans to equip more than 30 different locations in Washington with WiFi-connected “Lift Zones” over the next few months. Working with its network of nonprofit partners, Comcast is providing robust WiFi coverage at safe spaces in King, Snohomish and Spokane Counties that are expected to help thousands of low-income students get…
Sunnova Energy launches primary and secondary offering of shares of common stock
HOUSTON: Sunnova Energy International Inc. has launched an underwritten public offering of 7.0 million shares of Sunnova’s common stock, par value $0.0001 per share, which consists of 3.5 million shares of common stock offered by Sunnova and 3.5 million shares of common stock offered by a fund affiliated with Newlight Partners. Sunnova intends to grant…
DPW Holdings’ Gresham Worldwide acquires Relec Electronics Ltd in the UK
NEWPORT BEACH: DPW Holdings Inc’s global defense business, Gresham Worldwide Inc. has acquired Relec Electronics Ltd. based in England, a news release said. The transaction was structured as a stock purchase under which Gresham Worldwide paid approximately $4million with additional contingent cash payments up to approximately $665,000 based on Relec’s future financial performance. Relec, established…
Riversand, Verdant, ESHA partner for integrated compliance and product data management and syndication
HOUSTON: Riversand, ESHA Research, and Verdant announce an integrated product offering that provides robust product data management capabilities paired with best-in-class nutrition and labeling compliance automation tools. This partnership combines the expertise and experience of three market leaders: Riversand is a visionary cloud-native SaaS Master Data Management (MDM) and Product Information Management (PIM) solution provider….
The Cohesive Companies acquires UK-based Maximo Solutions Provider SRO Solutions
EXTON: The Cohesive Companies, a business unit of Bentley Systems Incorporated, announced its acquisition of SRO Solutions to extend its capabilities for marine and industrial infrastructure. Established in 2004, SRO introduced IBM’s Maximo to the maritime environment, managing projects across all seven continents for an extensive list of blue-chip owner-operators of assets on- and off-shore….
Shopify announces record global Black Friday sales of $2.4 Billion
OTTAWA: Shopify Inc. announced record-setting Black Friday sales of $2.4 billion from the independent and direct-to-consumer brands on the platform worldwide. On November 27, from the start of Black Friday in New Zealand through the end of Black Friday in California, Shopify-powered businesses saw a 75% increase in sales from Black Friday in 2019. In…
Dr. Reddy’s to acquire brands from Glenmark in Russia, Ukraine, Kazakhstan and Uzbekistan
HYDERABAD: Dr. Reddy’s Laboratories Ltd. has entered into a definitive agreement with Glenmark Pharmaceuticals Ltd. to acquire brands Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along-with rights to the trademarks, dossiers and patents for the territories mentioned. The…
Logmore launches first logistics monitor designed for COVID-19 vaccine delivery
HELSINKI: Supply chain analytics solution provider Logmore has announced the launch of its latest product. Logmore Dry Ice, a high-spec version of Logmore’s original data recorder, has been adapted for cold and sub-zero conditions. The solution is designed for sensitive shipments, such as the COVID-19 vaccine the moment it becomes available. Since its founding in…
Forest Road Acquisition Corp. announces pricing of upsized $261 million IPO
LOS ANGELES: Forest Road Acquisition Corp. announced the pricing of its upsized initial public offering of 26.1 million units at a price of $10 per unit. The units are expected to be listed on the New York Stock Exchange (NYSE) and trade under the ticker symbol “FRX.U” beginning November 25, 2020. Each unit consists of…
WorldRemit and Digicel partner to enable mobile wallet transfers in Pacific Islands
SYDNEY: WorldRemit and Digicel International have partnered to enable international money transfers to mobile wallets for customers in Fiji, Samoa, and Tonga. Globally, customers can now make international transfers via digicelinternational.com to Digicel MyCash mobile wallet accounts in Fiji, Samoa and Tonga. Money is received by the recipient securely into their mobile wallet within minutes,…
Gap Inc. appoints new Chief Growth Officer and , new President and CEO of Banana Republic
SAN FRANCISCO: Gap Inc. announced that Asheesh Saksena will join the Gap Inc. Senior Leadership Team as Chief Growth Officer, a newly created position that will focus on executing the company’s strategic agenda, as well as leading growth initiatives for the future. In addition, the company also announced that Sandra Stangl will join Gap Inc….