Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Fimi Market Inc. Launches First-Ever NFT Marketplace for Women, Black Diaspora, Other Underrepresented Artists

Fimi Market Inc.

Fimi Market Inc., a technology company with a purpose to help people worldwide live and thrive through web3 experiences, has launched the Fimi NFT Marketplace, the only NFT art marketplace specifically designed to help women, people of color, Black diaspora artists and collectors sell and buy art while building lasting, successful creative careers and art collections. Artists and collectors can start minting, buying and selling today by visiting https://fimi.market, establishing an account, and either connecting their crypto wallet or opening a new one if needed. Fimi NFT Marketplace delivers art experiences through a thoughtful, multicultural, and human approach to technology, NFTs, and the metaverse – something notably absent in the current global NFT art arena, which has taken a precipitous drop in value in recent months. At the end of 2021, only 16% of NFT artists were women, and even fewer are artists of color ( source: ArtTactic ). “We’ve seen the true potential for web3 technology, despite the recent drop in crypto values, to help artists create and sell their work,” said Miguel Adwin, founder and CEO, Fimi Market. “An opportunity is now emerging for an NFT marketplace that is more widely accessible for those artists who have been traditionally marginalized by both technology and the traditional art world. Fimi is Jamaican for ‘for me,’ and Fimi NFT Marketplace is for them: for women artists, artists of color, Black diaspora artists and those from other underrepresented groups to engage the rapidly-growing NFT art market in ways that are representative, meaningful, and build lasting, financially-successful creative livelihoods.” “Sounds of Blackness is proud to celebrate Juneteenth as an Afro-centric holiday in America,” said Gary Hines, founder & music director of the three-time Grammy Award-winning and two-time NAACP Image Award nominee Sounds of Blackness. “We are offering a special limited-edition and exclusive NFT package of our new single, ‘Juneteenth Celebration.’* Sounds of Blackness recognizes that the metaverse can pave the way for entrepreneurism and economic freedom for historically underserved populations of people." Fimi NFT Marketplace is a multi-blockchain platform that accepts a wide range of crypto currencies. It will initially accept XLM, ETH, and MATIC cryptocurrencies, as well as the FIMI utility token, built on the Stellar Network. The FIMI Utility token provides benefits such as network-free transactions to mint, sell or buy on Stellar for holders of $100 or more in FIMI, reduced fees when sellers choose to receive payment in FIMI, as well as soon to be released perks such as early access to exclusive NFT drops and voting privileges for featured content. The FIMI utility token is available on the Stellar Decentralized Exchange (SDEX) and Bitmart Exchanges. The cost to mint an NFT on Stellar - the transaction fee also known as a “gas” fee - is less than $1 USD. Stellar also has minimal environmental impact for crypto currency: it uses just 0.00022 kilowatt-hours per transaction, compared to Ethereum (ETH) and Bitcoin, which use 238.22 and 1,575 kilowatt-hours, respectively, per transaction ( source: Statista ). Use of Fimi NFT Marketplace has a fee of 2.25% on each transaction, with a 20% refund if artists choose to get paid in FIMI tokens. (Other NFT marketplaces, like OpenSea and Foundation, can charge between 2.5% and 5% fee on their transactions.) Plus, artists will have the option to defer NFT minting costs until the time of its sale. The Genesis Artists - the first artists to mint on Fimi NFT Marketplace - are discovering a simple, user-friendly art minting experience. These artists include: Miriam Andolini Black Mamuu Nettie Bella Steve Brooks Ron Brown - mint by June 20 Chameleon Arts DroidINX GeekMom Sean Garrison Infinite Villains Kate Iverson Caitlin Karolczak - mint by June 20 Kwame Chris Malachi Mrs. Metal Rashad502 - mint by June 20 Sounds of Blackness - mint by June 20 Precious Wallace Combined with its focus on artists from underrepresented groups, Fimi NFT Marketplace truly puts artists and collectors first: they have the flexibility to mint NFTs on their preferred blockchain, defer minting costs until the time of sale, use multiple cryptocurrencies for buying or selling an NFT, and pay minimal transaction fees. In total, a transaction on Fimi NFT Marketplace means greater accessibility for artists and collectors, with minimized carbon impact and among the lowest transaction fees found in any NFT marketplace. “Minting is super easy and fast,” said Mrs. Metal, a Genesis Artist. “I really enjoyed how it took me step-by-step; even someone not so tech-friendly could use it without feeling like they are going to mess up.” “I honestly like the various minting options,” said Kwame, a Genesis Artist. “It adds a dynamic user experience and allows for a better artist-curated experience on a marketplace. I can tell this was well-thought out.” “It’s important for people from all backgrounds, regions and continents to see themselves in the metaverse as it takes shape,” Adwin said. “Starting with Fimi NFT Marketplace, we aim to help artists from underrepresented groups embrace the metaverse, connect with other artists and collectors to build community, and to help them financially grow so they can focus on what they do best: creating incredible works of art. No matter where you live or how you create or collect art, our goal is for you to see yourself and visualize your own success through Fimi NFT Marketplace - for you to say, ‘Fimi is for me.’” Artists are invited to visit https://fimi.market, create an account and upload their work - either a single NFT or an entire collection. *“Juneteenth Celebration” is produced and recorded by Karl Demer, Atomic K Studios; Rock the Cause Records is distributed by The Orchard. About Fimi Market Inc. Fimi is Jamaican – “for me” – and it’s for you. We strive to help people and communities, anywhere in the world, build financially-successful livelihoods through the potential of technology and the metaverse, in truly multicultural, representative, inclusive and supportive ways. Learn more at https://fimi.market. Contact Details Alice Riot for Fimi Market Inc. Dawn Bryant +1 612-859-6941 dawn.m.bryant@gmail.com Kelly Groehler +1 612-669-8602 kelly@aliceriot.com Company Website https://nft.fimi.market/

June 14, 2022 11:47 AM Eastern Daylight Time

Image

Long-Time Indianapolis Fruit Leader Stepping Back

FreshEdge

Indianapolis Fruit, a member of the FreshEdge family of produce and specialty food companies shares that, effective July 4, 2022, John Cunningham will transition from COO of Indianapolis Fruit to Distribution and Retail Advisor. He will focus on deepening customer relationships, mentoring and developing the evolving executive team, and advising on strategic initiatives. “We’re excited for John to continue positively impacting our team and our customers’ business. He has a tremendous track record of elevating performance,” said Daniel Corsaro, President of Indianapolis Fruit Company. “John has been a great member of our family and has been critical to our growth and development! We are very grateful for everything he has done and look forward to the insight and great things that he will accomplish with our evolving leaders,” said Greg Corsaro, President and COO of FreshEdge, LLC, the parent company of Indianapolis Fruit. “I’m excited to announce that after 40 plus years in the produce industry and 19 with Indianapolis Fruit and the FreshEdge Team, I’ve decided to step back. I’m looking forward to enjoying my personal and professional life at a different pace. I’m eager to continue to work with Daniel Corsaro and our team to enhance our retail merchandising and education programs,” said John Cunningham, Indianapolis Fruit Company. Indianapolis Fruit will continue to be led by Daniel Corsaro, President, and the existing executive team. As part of this transition, Ross Nelson will transition from Vice President of Retail Execution to Vice President of Procurement. About Indianapolis Fruit Indianapolis Fruit, a FreshEdge company, distributes fresh produce, value-added, specialty foods, and floral to retail grocers in 20 states across the Midwest, central, and southeastern areas of the United States. Offering more than 3,500 available skus, 500 plus organic items, and a full-service fresh cut division, Indianapolis Fruit continues to deliver on what consumers want. For more information, visit www.indyfruit.com Contact Details Indianapolis Fruit Company Daniel Corsaro, President +1 317-981-3442 dccorsaro@indyfruit.com Company Website https://indyfruit.com/

June 14, 2022 10:44 AM Eastern Daylight Time

Elbit to Reveal Unmanned Robotic Combat Vehicle Integrated with Foresight’s QuadSight® Technology

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its QuadSight ® stereo vision technology will be showcased in the Elbit Systems Ltd. (Nasdaq: ESLT) (“Elbit”) booth at the upcoming Eurosatory, the world's leading land and airland defense and security exhibition. The demonstrations will take place in stand D-567 of Hall 6 at the Parc des Expositions de Paris-Nord Villepinte in France, June 13-17, 2022. The Administration for Military Ground Vehicles of Israel’s Ministry of Defense, in collaboration with Elbit, will reveal, for the first time, a prototype of its new unmanned robotic combat vehicle, equipped with Foresight’s QuadSight vision solution. Visitors to Elbit’s booth will observe how Foresight’s stereo cameras solution empowers autonomous features such as obstacle detection, terrain analysis and navigation plans in the most challenging conditions, including off-road driving and zero-visibility sandstorms. Click here to watch the unmanned robotic combat vehicle in action. The new unmanned robotic combat vehicle can perform autonomous and semi-autonomous tasks in a wide range of terrain conditions, day or night, in any weather conditions. The QuadSight passive, non-emitting solution, creates a high-resolution point cloud that provides unique 3D perception of the environment, using both visible-light and thermal cameras, all without leaving an energy signature discernible to an adversary. The 27 th edition of Eurosatory will host more than 1,700 exhibitors from 63 countries and feature 39 national pavilions. The exposition is expected to attract more than 100,000 visitors from around the world. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the advantages of its QuadSight solution. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

June 14, 2022 07:50 AM Eastern Daylight Time

Image

Cube Network and Capricorn to launch "Start your Cube Journey" Campaign with $1 Million Airdrop

Cube

On the afternoon of June 13, Ethereum’s price fell below $1,200, down 18% intra-day. Its price has nearly been decimated in the past year. Meanwhile, Bitcoin also sank to $23,825, down 13% intra-day and hitting its lowest point since December 2020. In addition to the significant price declines of Ethereum and Bitcoin at this point, many other mainstream tokens also saw steep declines. But in this context, CUBE showed the opposite trend. According to CMC, CUBE began to rise in the afternoon of June 13, with a maximum intra-day increase of more than 60%. Its price has risen nearly 240% since its launch date of June 9. Cube Network and Capricorn are two recent projects which have drawn the most interest and anticipation in the vibrant DeFi ecosystem. To further promote the development of Cube Network 's user ecosystem, Cube Network plans to jointly launch the "Embark on Your Cube Journey” with Capricorn in June, which will comprise three campaigns, namely "Gas 4 you", "Early Bird Super AirDrop", and "Cube Network Ecosystem Invitation". From various perspectives, including project background and campaign strength, it can be readily seen that the “Embark on Your Cube Journey” campaign will inject a massive stimulus into the DeFi market. Cube Network is a high-performance, scalable and modular architecture Layer 1 blockchain. It supports multi-chain and cross-chain protocols, and is fully compatible with EVM and the Cosmos ecosystem. Cube Network is committed to participating actively in the development of decentralized cross-chain protocols, and in Web 3.0 infrastructure to give users the next-generation multi-chain experience. Capricorn is the first protocol incubated by Gringotts Labs, which plans to launch a matrix of DeFi projects to accelerate the expansion of the Cube Network ecosystem. As the first DEX project on Cube Network, Capricorn has received hundreds of millions of USD in liquidity investments. Capricorn's all-round dazzling performance on the Cube Network Testnet has heightened market expectations of its governance token CORN. Crypto pundits speak highly of the newly released tokenomics, which sent price expectations of CORN to new highs. The following are details of each campaign under the “Embark on Your Cube Journey”. Campaign 1: Gas 4 you To welcome the mainnet ecosystem, Cube Network will launch a GAS drop program that covers a million addresses on June 19, 2022. This program is a joint initiative of Cube Network and Capricorn DEX. Users can go to the Faucet in Capricorn to fill in their Cube Network address and receive 0.01 CUBE of GAS. Each address is only eligible for one claim, and each IP address can only claim once every 10 minutes. Opening time: June 19, 2022 Campaign warm-up time: June 14, 2022 to June 18, 2022 Campaign 2: Early Bird Super AirDrop Follow @Cube0x and @CapricornFi on Twitter. RT Early Bird Airdrop campaign tweet. Join Telegram community: https://t.me/CubeCornEarlyBird Fill out the form: https://forms.gle/rhyVyi6fxNd1qaXv9 150,000 users will be eligible for the rewards. Mission Start date: June 14, 2022 Airdrop Claiming: Jun. 19 to Dec. 19, 2022 Campaign 3: Invitation to Cube Chain Ecosystem A total of 36,000 users will be eligible to claim the airdrops. Airdrop Claiming: Jun. 19 to Dec. 19, 2022 While the crypto market has turned bearish, Capricorn and the Cube Network ecosystem have bucked the trend and showed tremendous growth momentum. With the “Embark on Your Cube Journey” campaign kicking off, CUBE and CORN have set unprecedentedly high expectations and will continue to surprise us! About Cube Network Cube Network is a high-performance, scalable and modular layer1 public chain, capable of supporting multi-chain and cross-chain architecture. Compatible with EVM and Cosmos ecosystems, Cube is actively committed to participating in the development of decentralized cross-chain protocols and Web3.0 infrastructure to provide users with the next-generation multi-chain experience. Contact Details Ker Zheng +86 139 2280 3249 media@global-hgroup.com

June 14, 2022 06:00 AM Eastern Daylight Time

CoorsTek Continues to Grow its Capabilities in Arkansas

CoorsTek

CoorsTek, a global leader in engineered ceramics manufacturing, joined local, county, and state officials to celebrate the groundbreaking of the Advanced Materials Processing (AMP) expansion at its Benton, Arkansas facility. CoorsTek AMP produces the materials needed to make technical ceramics products across the globe and is an essential part of the company’s manufacturing process. This expansion will grow the company’s portfolio of cutting-edge materials and enhance its current offering to customers. “The materials produced in this new facility will enable the world’s most sophisticated semiconductor manufacturing processes,” said CoorsTek Chief Technology Officer Randel Mercer. “And grant us the ability to continue to grow our aerospace and defense solutions by formulating advanced ceramics that will be used to protect our servicemen and women.” CoorsTek has invested over $50 Million to create a state-of-the-art advanced materials manufacturing campus that will lead to additional innovation in numerous markets at the 230,000-square-foot facility. This expansion is a part of the significant commitment CoorsTek has made to growing its Benton facility and is the next critical step in CoorsTek’s long-term investment in Arkansas. “CoorsTek has committed to creating jobs and growing the economy in Benton, and they have stood by those commitments and promises over the last few years,” said Benton Mayor Tom Farmer. “We look forward to watching CoorsTek grow in Benton and continuing to innovate in our community.” CoorsTek Benton has been an integral part of the Benton community since 1972 and is committed to growing its workforce and manufacturing capabilities at its facility. CoorsTek serves a wide variety of industries, including aerospace & defense and semiconductor – two key markets at the Benton facility. The company manufactures some of its most advanced armor at the Benton facility, and this expansion will lead to more innovation and advancements in the ceramics industry. About CoorsTek Founded in 1910, CoorsTek is a leading global manufacturer of technical ceramics. By leveraging expertise in engineering and materials science, CoorsTek provides solutions to complex technical challenges in the semiconductor, medical, automotive, aerospace, and other industries. With over 400 proprietary formulations, vertically integrated systems, and unparalleled process capabilities, CoorsTek partners with its customers to make the world measurably better. For more information about our products and services visit www.coorstek.com. Contact Details CoorsTek Ashley Clutter +1 303-648-1895 aclutter@coorstek.com Company Website https://www.coorstek.com

June 13, 2022 07:32 PM Eastern Daylight Time

Image

Velocity Global and Oracle Join Forces to Enhance the Future of Work

Velocity Global

Partnership delivers ideal global workforce management solutions Velocity Global now part of Oracle PartnerNetwork (OPN) Provides shared and new clients global Employer of Record (EoR) solution Velocity Global, a leading provider of global talent solutions, announced today that it will be partnering with Oracle to enhance the future of work for companies around the world. Oracle’s unparalleled approach to supporting international workforces combined with Velocity Global’s work platform gives clients and prospects the resources needed to succeed with increased efficiency. “This is the beginning of an exciting, robust relationship with Oracle that will lead to enormous efficiencies for our existing and future shared clients. Oracle’s long-standing reputation in technology along with their client-focused approach to revolutionize the future of work mirrors our own, and we’re thrilled to blaze this trail together,“ said Annie Thompson, Vice President of Strategic Partnerships at Velocity Global. “Velocity Global’s impact on the future of work as a leading Employer of Record redefines how global businesses hire and operate, and Oracle is proud to forge this collaboration in an effort to take our shared vision to uncharted heights,” said Dan Haller, Group Vice President, NAA Alliances, Strategic Partnerships, and Resale, Oracle. Through Oracle PartnerNetwork (OPN), both companies will offer and pair their respective solutions to streamline the client experience. The Global Work Platform TM delivers Velocity Global’s capabilities as the largest global EoR, with solutions in over 185 countries and all 50 United States, to manage supported talent and provide compliance, payroll, and benefits regardless of state or international borders. Additional information on how existing and potential clients can access these new solutions can be found on Velocity Global’s page on Oracle PartnerNetwork. Trademarks Oracle, Java, and MySQL are registered trademarks of Oracle Corporation. ### About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries and all 50 United States. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. About Oracle PartnerNetwork Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork. Contact Details Velocity Global Janessa Rivera +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

June 13, 2022 07:01 AM Mountain Daylight Time

Image

SMALL BUSINESSES IN WASHINGTON MAY NOW APPLY FOR $200,000 IN RELIEF GRANTS AVAILABLE FROM THE “READY FOR BUSINESS FUND”

Comcast Washington

The Ready for Business Fund formed by GSBA – Washington’s LGBTQ+ and allied chamber of commerce – and Comcast is now accepting applications from small businesses throughout Washington seeking financial assistance. Small businesses owners may apply starting today, June 13 through June 26, 2022, at theGSBA.org/ready-for-business. More than $200,000 in grants will be allocated to at least 80 small businesses throughout the state. Watch a video about the Ready for Business Fund here: https://youtu.be/DRDM_0A6ITM. The grant application is short and easy to complete. Submissions will be reviewed by a committee of volunteers from around the state representing diverse backgrounds and skill sets. All grant recipients will receive wrap-around services from GSBA that include membership and business consulting. All grant applicants will be notified by the last week of July. According to a 2022 survey, almost all small businesses (97%) are concerned about inflation, and rising costs are the most significant threats small businesses currently face. To provide some relief, the Ready for Business Fund will provide $2,500 cash grants to small businesses with an emphasis on owners who are at greater risk due to systemic barriers, including people of color, women, and members of the LGBTQ+ community. Small businesses located in rural areas of Washington will also be considered. The Ready for Business Fund was founded in the summer of 2020 with a $100,000 investment from Comcast and GSBA as the fund manager. Over the past two years, the fund has distributed $2,500 cash grants to more than 130 small businesses in Washington. About GSBA Established in 1981, GSBA is Washington State's LGBTQ+ and allied chamber of commerce and is the largest of its kind in North America. The chamber represents over 1,400 small business, corporate, and nonprofit members who share the values of promoting diversity, equity, equality, and inclusion in the workplace. GSBA proudly serves as a connector across the region, bringing communities together through business while advocating for civil rights and small business. GSBA also promotes LGBTQ+ tourism through Travel Out Seattle, advocates for small businesses in Seattle’s Capitol Hill Neighborhood through the Capitol Hill Business Alliance (CHBA) and invests in the next generation of LGBTQ and allied leaders through the GSBA Scholarship & Education Fund. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Andy Colley Andy_Colley@Comcast.com Company Website https://washington.comcast.com/

June 13, 2022 05:55 AM Pacific Daylight Time

PFN Inks Expansion Deal with Orlich Office Complex Commits to Future in Marquette County

Peninsula Fiber Network, LLC

Peninsula Fiber Network, LLC (PFN), a leading provider of fiber optic-based telecommunications and Next Generation 911 services throughout Michigan, Wisconsin, and parts of Minnesota today announced it has entered a long-term lease with Orlich Office Complex to expand its headquarters in Marquette. In the last sixteen months, PFN has grown significantly adding thirteen new employees. It doubled the size of its headquarters in Marquette in 2021 but now needs to add more space to accommodate its anticipated growth. Scott Randall, General Manager of Peninsula Fiber Network, stated “We now provide Next Generation 911 service to every county in Michigan which is amazing and are starting to see interest from the northern Wisconsin counties. Coupled with the growth we are experiencing with customers subscribing to our fiber optic network telecommunications services, we felt we needed to secure more office space in Marquette.” He further stated, “We recently opened a second office in Lansing; however, our roots are in the UP, our owners are in the UP, and here we plan to stay for the long run.” Contact Details Peninsula Fiber Network, LLC (PFN) Scott Randall General Manager +1 906-232-1012 srandall@pfnllc.net Company Website https://www.pfnllc.net/

June 13, 2022 08:03 AM Eastern Daylight Time

CleverTap Completes Acquisition of Leanplum

CleverTap

CleverTap, world’s No.1 retention cloud, today announced it has completed its acquisition of San Francisco based Leanplum, a leading multi-channel customer engagement platform. The acquisition, originally announced on 19th May, was closed in a record time of 3 weeks. With this acquisition, CleverTap has strengthened its footprint in the US and Europe. CleverTap will combine the product stack of both organizations and extend its world-class solutions and technology to all its customers and prospects worldwide. Momchil Kyurkchiev, Co-Founder of Leanplum, has joined CleverTap’s leadership team as Chief Strategy Officer. With the completion of the acquisition, CleverTap also welcomes marquee investors Norwest Partners, Shasta Ventures, Canaan, and Kleiner Perkins as its shareholders. The acquisition becomes revenue accretive for CleverTap from June 1st 2022. “We are very excited to welcome Momchil and all Leanplum employees to the CleverTap family and expect full integration of the two companies, including an integrated product in the market to get completed over the next 3-4 quarters,” says Sunil Thomas, CleverTap Co-founder and Executive Chairman. “With this acquisition customers will now have a wide variety of product features and options to choose, from the best of both product line-ups (A/B Testing, Segmentation,Campaigns, Journeys etc.). At the same time, the acquisition provides a much bigger growth, exposure and learning opportunities for employees and collectively we will now become a dominant force with a large global footprint”. “The Martech landscape the world over is evolving at an exponential rate and hyper-personalized digital engagement at scale is the need of the hour. I am sure that together, Leanplum and CleverTap will address this need and continue to drive innovation in this space. CleverTap and Leanplum individually have had a robust presence in terms of geographical reach, industries, and categories. Collectively we will now become a dominant force with a large global footprint,” says Momchil Kyurkchiev, Chief Strategy Officer at CleverTap. “As we expand globally, we are looking to retain as well as grow 100% of the Leanplum customers by bringing all combined capability on one platform in due course. We also plan to increase our headcount in the US and Europe. Together, we aspire to be recognized as a SaaS talent powerhouse built on a strong people-first culture driven by values and equality,” added Sunil. About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. CleverTap drives contextual individualization with the help of a unified and deep data layer, AI/ML-powered insights and automation enabling brands to offer hyper-personalized and delightful experiences to their customers. 1200+ customers in 60+ countries and 10,000+ apps, including Gojek, ShopX, Canon, Mercedes Benz, Electronics Arts, TED, Jio, Premier League, TD Bank, Carousell, Papa John’s, and Tesco, trust CleverTap to achieve their retention and engagement goals, growing their long-term revenue. Backed by leading venture capital firms, including Sequoia, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, Sofia, São Paulo, Bogota, Amsterdam, Jakarta and Dubai. For more information, visit clevertap.com or follow on LinkedIn and Twitter. 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/

June 13, 2022 06:31 AM Eastern Daylight Time

1 ... 449 450 451 452 453 ... 642

Back