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Retention Cloud Leader CleverTap Acquires Leanplum

CleverTap

CleverTap, the world’s No.1 retention cloud, today announced it has signed definitive agreements to fully acquire San Francisco based Leanplum, a leading multi-channel customer engagement platform, for an undisclosed amount. This acquisition will make CleverTap a truly global company with development centers and customer-facing and success teams across North America, Europe, Latin America, India, South East Asia and the Middle East. Combining the product stack of the two organizations, this acquisition will enhance CleverTap’s capabilities and take its total customer base to over 1200 customers in more than 100 countries around the world. The deal is expected to close in Q2 of 2022. Together CleverTap and Leanplum will work with digital brands to help increase their users’ engagement, retention and lifetime value by making every user experience hyper-personalized, relevant and contextual at scale in real time. As more businesses become digital-first, brands need to serve their users with delightful moments where they are, when they want and on their preferred channel. CleverTap and Leanplum will now bring real-time hyper-personalization, A/B testing and increased scalability to its omnichannel engagement, analytics and segmentation product lines. As a result, growth and marketing teams globally will now be able to utilize the only end-to-end user engagement and retention cloud platform, enabling them to break down user communication silos and increase the overall lifetime value of each user. “We are seeing a seismic shift in the marketing technology landscape,” says Sunil Thomas, CleverTap Co-founder and Executive Chairman. “Users today demand to be treated as individuals, and this has forced brands to change how they engage with them. CleverTap and Leanplum have both purposely built for a mobile-centric omnichannel world.” The acquisition, he says, combines platforms and teams to deliver the best behavior analytics, segmentation, and engagement tools that will enable digital brands to build valuable, long-term relationships with their users. “Our combined strength will be a game-changing force for user engagement, retention and monetization, creating tremendous value for our customers. I am very excited to welcome Leanplum to the CleverTap family.” “When we started Leanplum, our vision was to meet customers' real-time needs at the cutting edge of technology,” says Momchil Kyurkchiev, Co-founder and Chief Product Officer, Leanplum. “We have succeeded in that, but as the market has matured, to fully meet the increasing demands put on brands today, we needed to bring in the best analytics, segmentation, and engagement tools, to help our customers build valuable, long-term relationships with their customers. This is why joining forces with CleverTap makes the most sense, and I am excited about the combined capabilities we will now bring to Leanplum customers worldwide.” “I am looking forward to the journey with Leanplum. This coming together with Leanplum marks a monumental moment across the marketing technology landscape,” says Sidharth Malik, CleverTap Chief Executive Officer. “This bridges the gap created by multiple martech tools and customer data platforms and will meet the growing needs of user-obsessed digital brands in a much more efficient way. Our ‘better together’ vision is about integrating our cumulative strengths around people, process and technology to cement our position as the global leader in the user engagement and retention space. Joining forces allows us to bring advanced product and technology capabilities as brands strive to do live segmentation, anticipate user intentions and actions, automate and deploy real-time campaigns for the highest possible conversions, all from one single dashboard.” About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow on LinkedIn, Twitter, Facebook and YouTube. Forward-Looking Statements Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

May 19, 2022 08:17 AM Eastern Daylight Time

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Report Identifies Key Opportunities to Improve Current Carbon Efficiency Measures

BSMC

The Blue Sky Maritime Coalition (BSMC) has released a new report today titled “A Perspective on IMO Efficiency Measures: Opportunities for Improvement" which highlights key opportunities to improve current international efficiency measures. “This report is a great example of industry collaborating to find opportunities for improvement and spurring further discussion among key stakeholders. As a member-led organization focused on decarbonizing the maritime industry, BSMC brings together diverse perspectives with the goal of getting to net-zero emissions by 2050, and this report offers another step in that direction,” said David Cummins, BSMC President and CEO. Developed by the Finance, Commercial and Chartering Workstream, the report offers insights on how decisions made by charterers can affect vessel operations, ultimately impacting the efficiency rating of ship owners. The report concludes that more work will be needed to fine tune the existing calculation method and benchmarking. Maritime stakeholders welcome the opportunity to improve vessel operational performance through robust reporting regimes, necessary to consistently measure emissions. To address the issues raised, the report recommends mutual responsibility and obligation by both the charterer and ship owner to reduce emissions. To accomplish this, both parties must have transparent negotiations and data sharing under a new era of chartering contracts where environmental key performance indicators (KPIs) become instrumental to vessel selection criteria and commercial utilization. To read more, download a copy of the report by clicking here. F or more information contact communications@bluesky-maritime.org. Blue Sky Maritime Coalition (the Coalition) a non-profit corporation, is a strategic alliance formed to accelerate the transition of waterborne transportation in Canada and the United States toward net-zero greenhouse gas (GHG) emissions. The Coalition brings together industry, community, government, academic leadership and other stakeholders across the waterborne transportation value chain to action projects that remove barriers to accelerating development, encourage innovation, and promote policies in support of zero emissions. Learn more at www.bluesky-maritime.org. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com

May 18, 2022 08:58 PM Eastern Daylight Time

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Plus One Robotics to Present Parcel Sortation Robot Workflow at Automate Conference 2022

Plus One Robotics

Plus One Robotics, the leading 3D and AI-powered software maker for logistics robotics, will showcase live demonstrations of their revolutionary PickOne technology, which features Yonder, the company’s award-winning remote supervision product, at the Automate Show June 6 – June 9, 2022. Plus One Robotics CEO and founder Erik Nieves will also host a session in the “How to Automate” track on Wednesday, June 8 titled Workforce Development in the Face of Accelerated Automation. Visitors to the Plus One Robotics booth will be able to see a full-scale, in-booth demonstration of warehouse automation with robot-to-AMR picking using the company’s PickOne software alongside Tompkins’ tSort technology. In addition, attendees will also be provided an opportunity to act as a ‘Crew Chief’ and remotely control and command a robot in San Antonio to pick and place using their depalletizing system for random mixed pallets. “Robotics is an ever-changing industry. That’s why I'm excited to bring this powerful combination of vision-equipped robot arms together with AMRs from Tompkins. Our solutions are designed for businesses that need to increase their overall picks per day, thereby achieving higher fulfilment volumes and lower operations costs,” commented Erik Nieves, Plus One Robotics’ CEO and founder. In addition to the live in-booth demonstrations, Nieves will be leading his session on Workforce Development in the Face of Accelerated Automation on Wednesday, June 8 from 11:00 a.m. – 11:45 a.m. as part of the Automate track. Visit Plus One Robotics at booth #4745 from June 6 – June 9, 2022 to learn more about the company’s robot technology that is scaling automation in warehouses. For more information on Plus One’s vision software and robotic automation solutions, please visit www.plusonerobotics.com. About Plus One Robotics, Inc. Plus One Robotics was founded in 2016, with a mission to bring leading-edge 3D and AI vision to industrial robots, enabling hand-eye coordination for material handling in the warehouse. Founded by computer vision and robotics industry veterans, Plus One's novel approach to human/robot collaboration and supervised autonomy ensures fast, accurate, and scalable solutions, with one person able to manage many robots simultaneously. Plus One's customers include logistics and ecommerce leaders in the Fortune 100; the company is headquartered in San Antonio with offices in Boulder and The Netherlands. Visit www.plusonerobotics.com for more information, and follow us on Linkedin, Twitter, YouTube, Facebook and Instagram. Contact Details Jennifer Podkasik +1 630-347-9338 jen@arrowheadcommunications.com Company Website https://plusonerobotics.com/

May 18, 2022 06:31 PM Central Daylight Time

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The Ultimate Online Retail Sourcing Show

White Label World Expo

The White Label World Expo Las Vegas is the world’s leading show for online retailers where you and 15,000 professionals alike can source the newest products, services and technologies emerging in the ecommerce sector! Taking place on the 25th & 26th of May 2022 at the LVCC Las Vegas, we have curated the perfect event for white label manufacturers and business owners who are looking to beat competitors in this dynamic market! And it’s all for FREE! At White Label World Expo Las Vegas, you can discover 600 cutting-edge suppliers, 400 inspirational seminars, unmissable masterclasses and much more! Immerse yourself in the ultimate hub for professional success and be exposed to unlimited networking opportunities with thousands of like-minded entrepreneurs and experts. Our event is a leading educational platform specifically created to assist you with the strategies and connections to execute them into a profitable action! At our show you will hear from industry-leading figures and their educational topics such as learning how to capitalize on Amazon selling and discovering important business strategies, so that you can walk away with newfound confidence that will benefit your business! You can will also gain access to invaluable learning and resourcing opportunities. A FREE ticket to White Label World Expo Las Vegas will also grant you access to our 2 other leading events in retail: Smart Retail Tech, Retail Supply Chain & Logistics and CBD & Hemp Wholesale World - we have everything you need under one roof! So what are you waiting for? Register for your FREE ticket now and we will see you there! https://bit.ly/3LETKsx Contact Details Laren Fernandez +1 702-410-6746 laren.fernandez@fortem-international.com

May 18, 2022 03:27 PM Pacific Daylight Time

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iTradeNetwork Introduces Machine Learning File Monitoring—A Fresh Take on a Foodservice Data Problem

iTradeNetwork

iTradeNetwork (ITN), the industry’s largest perishables network, proudly announces its new Machine Learning File Monitoring system for Spend Insights— a unique, automated way to provide foodservice operators with the most complete distributor data in the industry. Operators can now devote less time to monitoring and correcting their data, and more time to making key decisions faster and unlocking savings and growth opportunities. How it works Before making any decisions about sourcing, contracting, or rebates, operators need to be confident those choices make financial sense for their business. As a result, foodservice operators face some key questions: “Do I have the best spend data I can get?” and “Can I rely on what I have to make strategic decisions?” Given their size and scope, operators sometimes devote entire teams to answering these questions. A finance or operations team can spend hundreds of hours manually monitoring thousands of incoming files from various distribution centers in order to aggregate data from all of an operator’s units. This process can be unpredictable and error-prone. Without complete visibility into the state and accuracy of their data, operators can’t be sure they have the right information at the right time. With iTrade’s Machine Learning File Monitoring, operators can quickly identify the typical 2-3% of their missing spend —and in a fast-moving industry, the completeness of your data reaps far-reaching financial benefits for your organization. iTrade’s machine learning-based file monitoring goes beyond just determining whether or not a distributor data file has been received. It: Analyzes the number of files expected weekly from individual distribution centers Provides the expected date of file receipt from individual distribution centers Confirms distributor data files have been processed or should have been processed but have not been received Assigns a confidence level to each distribution center based on the machine learning model to give context to decision making In short, it analyzes and interprets incoming distributor data, detects anomalies based on volume and history, flags files requiring additional follow-up, and provides a scorecard for all of the distribution centers providing data to foodservice operators. “This is the first time that the industry has seen something this proactive, complete, and accurate. We are giving you full visibility into your data, so you can quickly and seamlessly identify the files and data that need your attention. We are excited to help our foodservice operator customers redirect their efforts from chasing down data to more productive and value-added activities— and our customers are excited too,” comments Wills McMahon, Director of Product Management, iTradeNetwork. Machine learning-based file monitoring for Spend Insights is available now to all foodservice operators. About iTradeNetwork iTradeNetwork, Inc. is the leading global provider of supply chain management solutions for the food and beverage industry. Built upon deep industry expertise, a rich data foundation and the industries’ most extensive trading partner network, iTradeNetwork’s collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers, and wholesalers of all sizes to reduce cost, grow revenue, and strengthen trading partner relationships. Today, iTradeNetwork’s growing customer list includes thousands of global companies. For more information, visit: www.itradenetwork.com. Contact Details iTradeNetwork Media Contact +1 925-660-1100 sales@itradenetwork.com Company Website https://www.itradenetwork.com

May 18, 2022 09:00 AM Pacific Daylight Time

Steve Weber Reflects on 30 Years in Business As Minuteman Press Franchise Owner in Norwich, CT

Minuteman Press International Inc

Located at 595 W. Main Street, Minuteman Press in Norwich, Connecticut first opened in August 1992. Owner Steve Weber shares the following insights and advice as he reflects on celebrating 30 years in business: “I guess looking at it from the outside 30 years is quite an accomplishment, especially when you realize I was 40 years old when we started. I think that this milestone means it is almost time to retire. Our success can be attributed to a number of things. For the first 25 years, my wife and partner Gail helped grow the business and keep me on track. Since she has retired, I think our continued success can be attributed to surrounding myself with the best people as well as giving excellent customer service and evolving our business to meet the times. Our equipment and services have definitely evolved. Several years ago, we became an all-digital shop. We have invested in the equipment needed to provide excellent quality with the quick turnaround time our customers expect. We also have great suppliers who can provide old school offset printing when the job calls for it. We have expanded into the ad specialty market and learned the specifics of selling clothing. We have also invested in mailing equipment. This has been an excellent complement to our printing. We never sell a large printing job without asking, ‘What are you doing with this printing?’ Often, the answer has been we are mailing it. Providing mailing has earned us many new customers. Our community is relatively rural. We do not have any trade binderies to help support our business. To that end we have invested in our own bindery. We have a collator / booklet maker, as well as a perfect binder and a small die cutting unit. To complement the mailing services, we also have a folder inserter. We do over 100,000 business cards per month so we added a slitter cutter to automate that service. The machine is relatively slow but we have nicknamed it ‘set it and forget it.’ The person in bindery can set it up and do another job while it is running. We are proof that ‘print is dead’ is not truthful. Our customers still want business cards to hand out and annual reports to distribute. We also work with many nonprofits who have learned that the best return on fundraising is by mailing the information. Email just does not work to this end. Minuteman Press International has guided us every step of the way. From our first meeting with Roy Titus to now working with Nick Titus, we always feel comfortable. We have been fortunate to have Ron Rubin as our New England Regional Vice President. His wisdom and guidance have kept me focused on the goal of success. The proprietary software we used originally developed by Minuteman Press has also evolved. The current FLEX management software has been a great help especially when training employees in our company. We have been fortunate over the years to introduce more than a few other people into the Minuteman Press system. Our son Michael and his wife Lindsey now have 3 Minuteman Press locations of their own in Enfield, CT, Springfield, MA, and Brattleboro, VT. We did a mailing a number of years ago to the printers in our area. We have been able to acquire four different independent businesses who were competitors. It creates a win/win because the owners are typically retiring and they know their clients will be left in good hands. Lastly, this is not a business for an absentee owner. You must work in your business to succeed. After 30 years, I no longer work 50 hours/week, but I am still involved. My staff now does the heavy lifting but when we are bidding a large project, I appreciate them reaching out to me to utilize my years of experience.” For more information on Minuteman Press in Norwich, CT, visit https://minuteman.com/us/locations/ct/norwich/ Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

May 16, 2022 10:00 AM Eastern Daylight Time

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DHL and Mykke Hofmann Launch Sustainable Fashion Capsule: Forever Pieces

DHL

Six (6) winning designs from an international competition with 2,375 entries from 80 countries available as a limited collection as of May 16, 2022. Clothing designed to be timeless, with an NFT warrantee certificate on a the blockchain to extend the garment’s wearability and lifespan. Arjan Sissing, Global Head of Brand Marketing at DHL: “Our vision of positive fashion unites sustainable logistics, circularity and fair production conditions with long-lasting quality”. All profits from the sale of the Forever Pieces collection will be donated to SOS Children’s Villages. DHL and Mykke Hofmann (the socioecological fashion label based in Munich) are jointly launching a fashion capsule entitled Forever Pieces, where the design boasts a span of a lifetime. The unique collection will be available from May 16, 2022, on www.MykkeHofmann.com. The Forever Pieces collection was created from a design competition announced last fall on social media by DHL and Mykke Hofmann. A total of 848 fashion enthusiasts from 80 countries entered, and 2,375 designs were submitted. Of the submissions, six designs were selected to create the collection which includes a trench coat, a blouse, a pair of trousers, a dress, and a top and bottom as a co-ord set. Forever Pieces represents everything we associate with our vision of positive fashion,” explains Arjan Sissing, Global Head of Brand Marketing at DHL. “This competition stands for sustainability and thus unites themes such as sustainable production, circularity and fair production conditions with long-lasting fashion.” Participating in the competition were many up-and-coming designers and fashion enthusiasts who welcomed the opportunity to bring their sustainable fashion ideas to life. “The feedback from the competition exceeded all our expectations in terms of both quantity and quality,” explains Jelena Hofmann, founder and CEO of Mykke Hofmann. “The response shows how deeply the concept of sustainability is anchored in the up-and-coming fashion community.” The main prize awarded to competition winners was 1000EUR in prize money, and the opportunity to bring to life the garment as a Forever Piece. “It is important to design fashion in an environmentally friendly way, and this competition offered me a way to do that,” says winner Marta Soloducha, explaining why she decided to take part. The fashion student from Warsaw designed a trench coat whose versatility makes it a Forever Piece. The garment can be worn not only as a coat, but also as a blazer or skirt separately when detached. Micaela Clubourg, an up-and-coming designer from Argentina, now living in Spain, submitted a co-ord set like no other to the Forever Pieces collection. The pair of trousers features a non-waste design, with no fabric wasted in production, while the top represents an eternal design. The other winners are Gaia Stollo from Italy who contributed a classic pair of trouser, Yolanda Patricia Cabarcas, a native of Colombia now working as a freelancer in Milan, who submitted a timeless blouse, and Camilla Pane from Italy who designed a transitional little black dress. Like the rest of Mykke Hofmann’s collection, the entire Forever Pieces collection is produced at a factory in Serbia in which women are given a stable job with fair conditions. All workers are paid 50 per cent above regulated wages and are provided with professional equipment – with health and safety as top priorities. The Forever Pieces are designed to be timeless pieces that go beyond trends and accompany their wearers for a long time. When customers purchase the product, they receive a warranty certificate in the form of a climate neutral NFT to extend the wearability of the clothing through certain repairs. The NFT is stored in a digital wallet on the blockchain, which means the warranty certificate cannot get lost or be inadvertently. All proceeds from the sale of the collection will go to SOS Children’s Villages, the world’s largest non-profit organization focused on supporting children without parental care and families at risk. DHL is part of Deutsche Post DHL Group, who has been a partner to SOS Children Village since 2010. DHL is the fashion and retail industry’s leading global logistics partner. For decades, DHL has pioneered solutions to meet the requirements of designers, retailers and some of the world’s most glamorous fashion events, while supporting the sustainable fashion movement with environmentally friendly shipping solutions. The Forever Pieces collaboration is DHL’s latest undertaking to support talented young designers and champion sustainability in fashion. “Our tailored global logistics solutions allow our fashion partners to optimize their production and sales processes, further helping their business’ success and growth,” says Mirella Muller-Wuellenweber, President Global eRetail and Fashion at DHL Customer Solution & Innovation. “We offer a unique delivery experience with maximum speed and flexibility while keeping carbon footprint at a minimum, especially in the fast-growing e-commerce sector.” Note to editors: You can find more information about the competition, the winners, and designs at: inmotion.dhl/foreverpieces You can find the press release for download as well as further information on dpdhl.com/pressreleases For additional images please download here - https://we.tl/t-33rI2OIeph Press contact: The Atentive Agency Kehinde Akinnawo Email: kehinde@theatentive.com Phone: 07477682886 On the Internet: dpdhl.com/press Follow us at: twitter.com/DeutschePostDHL DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”. DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050. About Mykke Hoffmann Mykke Hofmann is a female collective rooted in the Balkan, based in Germany, and cosmopolitan at heart. The company runs a contemporary womenswear label and their own production site in Pančevo, Serbia. Mykke Hofmann embraces flowing materials, an alluringly feminine style, intricate details, and women with attitude. Mykke Hofmann is 100 per cent committed to fair production and sustainable in great parts, but still on a journey. Contact Details DHL Kehinde Akinnawo (The Atentive Agency) +44 7477 682886 kehinde@theatentive.com Company Website https://www.dpdhl.com/

May 16, 2022 03:30 AM Eastern Daylight Time

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Voxel Raises $15M to Decrease Workplace Injuries and Prevent Workplace Accidents

Voxel

Voxel, a startup using computer vision to transform safety and operations in the workplace, is announcing its $15M Series A funding round led by Eclipse Ventures with participation from MTech and World Innovation Labs. Since raising its seed round in September, Voxel has grown at an unprecedented pace by decreasing on-site injuries by upwards of 80% and increasing operational productivity by over 20% at its initial customer sites. This latest round of funding brings total equity raised to $18M. Using state-of-the-art computer vision technology and AI, Voxel integrates with existing security cameras to identify hazards, risky behaviors, and operational inefficiencies across a diverse range of workplaces. Once an event such as a spill, speeding vehicle, or ergonomics issue is identified, a real-time alert is sent to on-site personnel who can take immediate action. Voxel’s analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations. “Site safety and operations are often a reactive and manual process, where security cameras are reviewed after issues occur,” said Alex Senemar, CEO of Voxel. “Voxel is the first solution to allow companies to proactively identify key behaviors that lead to costly injuries using their existing camera infrastructure.” In the last three months, Voxel has had a transformative impact on its customers’ operations as installations have grown by 10x.“It has been inspiring to see the impact of our product in the real world,” said Senemar. CTO, Anurag Kanugo added, “Many of our customers are seeing upwards of an 80% reduction in onsite injuries, and the impact on their operations has been significant.” These early successes have attracted the attention of major insurance players who recognize Voxel’s potential to transform risk management and workplace safety. Voxel aims to fundamentally change how insurance companies underwrite risk and seeks to strengthen the relationship between insurers and their customers through robust data and actionable intelligence. The company emphasizes its commitment to privacy and security, and its algorithms do not track any personally identifiable information. “We are at an inflection point in terms of rebuilding US manufacturing, logistics, and physical operations, which represent over 40% of the US GDP. Voxel’s technology catalyzes tangible results and lasting change in the safety and efficiency of their customer’s operations,” said Aidan Madigan-Curtis, Partner at Eclipse Ventures and Voxel board member. “The Eclipse team believes Voxel’s core architecture, which takes a non-intrusive approach by leveraging existing camera infrastructure, and their cutting-edge AI applications will enable Voxel to become a category-leader in software and AI applications across a multi-trillion dollar set of physical-industry sectors." Voxel’s team has grown rapidly, adding key personnel to its staff from established industry firms, including Samsara, Verkada, Google, and Apple. The team has grown from 8 at the beginning of 2022 to close to 30, and the Series A investment will allow Voxel to accelerate its growth even further. Voxel’s team is led by CEO Alex Senemar, who previously co-founded Sherbit, an AI-powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google. About Voxel Voxel uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe, while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas. A demo is available upon request. For more information, visit Voxelai.com About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is one of the US’ leading venture capital organizations. Its leadership team has the experience necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel, and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies. For more information, visit www.eclipse.vc. Contact Details Voxel Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.voxelai.com/

May 11, 2022 09:30 AM Pacific Daylight Time

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City Produce Joins FreshEdge

FreshEdge

INDIANAPOLIS – FreshEdge, a family of produce and specialty food companies backed by Rotunda Capital Partners, acquired City Produce, a fresh food distributor headquartered in Fort Walton Beach, Florida. For many years, City Produce has been serving North Central Florida, the Florida Panhandle, and central to southern Alabama distributing fresh fruits and vegetables, including an array of fresh-cut offerings, dairy, meats, seafoods, specialty foods, and more. City Produce operates out of two facilities, one in Fort Walton Beach, and a second in Foley, Alabama. The addition expands FreshEdge’s footprint into the southern United States and provides space and logistical support to better serve its customer base as it spreads farther south. City Produce joins Piazza Produce & Specialty Foods, Indianapolis Fruit, Get Fresh Produce, McCartney Produce, Monteverde’s, Valley Produce, Vine Line, Garden Cut, CIBUS Fresh and Papania’s. FreshEdge now operates with more than 2,000 employees, approximately 808,500 square feet of warehouse space, and a fleet of more than 720 trucks. “We welcome Tommy Sundy and his amazing team to the FreshEdge family of companies,” said Steve Grinstead, CEO of FreshEdge. “We are excited for this great company to join FreshEdge as we expand farther into the Southeast.” Terms of the deal, which closed on May 10, 2022, were not disclosed. The transaction strengthens the combined business’s presence in Florida and southern Alabama. “City Produce will be a great addition to our expanding group of ‘best in class’ fresh food distribution companies,” said Greg Corsaro, president and COO of FreshEdge. “We look forward to Tommy’s continued leadership at City Produce.” “Our City Produce team is excited to join the FreshEdge family - knowing we’ll be ‘better together’,” said Tommy Sundy, president. “This is the next step in increasing our footprint, serving customers with expanded offerings and growing for our future.” FreshEdge is backed by Rotunda Capital Partners, a lower middle market private equity firm focused on investments in founder and family held companies. Rotunda seeks to provide opportunities for management teams to reach strategic, financial, and operational objectives. Rotunda entered the food business in 2017 with the acquisition of Indianapolis Fruit and Piazza Produce. FreshEdge was created in 2019 when Get Fresh Produce joined the platform. City Produce represents FreshEdge’s seventh acquisition since Rotunda’s initial investment. Together, Rotunda and FreshEdge intend to continue expanding FreshEdge by welcoming more companies into the group—all focused on high quality produce and specialty food products, along with exceptional service—to create a unique group of complementary entities. About FreshEdge FreshEdge was formed in 2019 through the combination of Get Fresh Produce (founded 1982) and the IF&P Foods family of companies, primarily composed of Indianapolis Fruit (founded 1947) and Piazza Produce (founded 1970). McCartney Produce (Paris, TN) joined the FreshEdge family in November 2020 followed by Valley Produce (Knoxville, TN) in June 2021, Vine Line (Grand Rapids, MI) in October 2021, and Monteverde's (Pittsburgh, PA) in November 2021. Collectively, these leading fresh food distribution companies have nearly 500 years of combined experience serving the grocery and food service industries. FreshEdge includes two Garden Cut branded fresh-cut processing facilities, a tomato re-packer, a USDA fresh kitchen (CIBUS Fresh), and two transportation companies. FreshEdge's fleet resource includes more than 720 trucks servicing the Midwest and beyond from 12 facilities totaling approximately 808,500 square feet of warehouse space. Today, FreshEdge is one of the largest independent fresh food distributors in the United States and a category leader in providing both the foodservice and retail industries with fruit, vegetables, proteins, fresh grab-n-go offerings, dairy, floral, and specialty products. For more information, visit www.freshedgefoods.com. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details FreshEdge Greg Corsaro +1 317-981-3440 gcorsaro@freshedgefoods.com Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.freshedgefoods.com/

May 11, 2022 07:43 AM Eastern Daylight Time

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