Category: Press Releases

SaaS acquisition transforms engineering document management with a modern, centralized hub for managing engineering drawings, documents and media securely from any device

Austin, TX, Jan. 16, 2024 (GLOBE NEWSWIRE) — Accruent, the leading provider of workplace and asset management solutions and Fortive company (NYSE: FTV), announced today that it has acquired RedEye, an Australia-based engineering document management company specializing in cloud-native solutions. This acquisition reflects Accruent’s ongoing commitment to providing differentiated, cloud-enabled solutions to drive business productivity.

RedEye’s addition to Accruent’s engineering document management system (EDMS) portfolio, which includes Meridian, provides customers with expanded options for storing and accessing their documents. This acquisition further solidifies Accruent’s leadership in the EDMS space, offering a versatile SaaS solution that enables customers across various industries, whether on-premise or cloud-based, to securely manage their engineering documents, drawings, and media from any device.

The RedEye solution:

• Expedites drawing discovery with advanced search capabilities, leveraging rich metadata, GIS, and QR codes for instant retrieval;
• Safeguards intellectual property and data in an ISO 27001 compliant solution;
• Provides robust API connectivity to seamlessly integrate documents across business systems.

Customers will have access to regional data hosting hubs designed to ensure compliance with privacy and security regulations applicable to their business. The offering is tailor-made for operating and maintaining complex facilities across manufacturing, oil and gas, utilities, mining, and pharmaceutical.

Bill Pollak, President of Accruent, shared, “This acquisition underscores our commitment to delivering industry-leading solutions across our portfolio, with a continued investment in comprehensive solutions across the facility and asset workflow, while further expanding Accruent’s presence in the region. Overall, RedEye’s industry-focused, cloud-native solution, coupled with its strong customer satisfaction, aligns with our investment strategy and long-term objectives.”

About Accruent (accruent.com) Accruent is the world’s leading provider of solutions for unifying the built environment — spanning real estate, physical and digital assets, and the integrated technology systems that connect and control them. Accruent continues to set new expectations for how organizations can use data to transform how they manage their facilities and assets. With headquarters in Austin, Texas, Accruent serves over 5,000 customers in a wide range of industries in more than 100 countries worldwide.

Accruent is a registered trademark, and Meridian is a pending trademark, of Accruent, LLC or its subsidiaries in the United States and other jurisdictions.  ©2023 All Rights Reserved.

Stephanie Leontis
Accruent LLC
michele.bedard@accruent.com

GlobeNewswire Distribution ID 9017358

Innovative process solution provider Single Use Support continues to deliver strong organic growth, supported by an expansion in its employee base. With a successful year 2023 in the rear-view mirror, 2024 is already shaping up to be even better.

More than 70% growth of non-COVID business

Following strong growth of COVID-related projects in previous years, Single Use Support grew its non-COVID business by more than 70% in 2023. The Austrian-based process solution provider serves the most innovative and prominent pharmaceutical companies to develop novel therapies and advanced lifesaving therapeutics. The fluid management specialist covers well-established drug classes such as monoclonal antibodies as well as emerging therapeutics in areas such as cell and gene therapies, antibody-drug conjugates, and others.

Employee base grows by 40%

The continued growth of the business is secured by a significant increase in personnel. Single Use Support grew its workforce to over 170 employees, an increase of more than 40% over the last six months. Christian Praxmarer, CEO of Single Use Support, is fully committed to continuing the company’s success story: “Together with our team and with our customers we will continue to grow by offering innovative solutions that address the daily challenges faced by manufacturers in the biopharma industry.”

Strong order backlog for 2024

Single Use Support’s award-winning solutions continued to gain significant traction among major pharmaceutical companies and C(D)MOs globally. Several well-known industry participants have already placed significant orders for consumables and platform systems designed to aliquot, freeze/thaw, store, and ship high-value drug substances. “Based on our current order backlog and ongoing project tenders, we feel confident that we can deliver strong non-COVID-related year-over-year growth in 2024,” added Christopher Dürolf, CFO of Single Use Support.

Contact: Michael Eder m.eder@susupport.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b81e312-6fb3-404c-a50b-03878e6d26fc

GlobeNewswire Distribution ID 1000908951

Canadian credit union to automate workflows and consolidate and optimize its tech stack with the nCino Cloud Banking Platform

REGINA, Saskatchewan and WILMINGTON, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Conexus Credit Union has selected nCino’s Commercial Banking Solution to increase automation within their business workflows. As part of a single platform, Conexus will also implement nCino’s Automated Spreading Solution, which is powered by nCino IQ (nIQ); and nCino’s Portfolio Analytics and Document Management Solutions.

As one of the largest credit unions in Saskatchewan, Conexus Credit Union has 30 branches to support its 130,000 members. With a mission “to improve the financial well-being of our members and communities,” Conexus chose nCino to equip hundreds of advisors with the tools they need to serve their members with efficiency, transparency and speed. By empowering its employees to make data-driven decisions through the nCino platform, Conexus will reduce time to value, loan processing time and cost, and create a more frictionless experience for its members.

With more efficient workflows and better insights into the loan portfolio, Conexus can also achieve faster time to market, moving at pace and scale to nimbly adapt to changes in the market.

“We are dedicated to bringing unparalleled value to our members and the Saskatchewan community at large,” said Celina Philpot, CEO at Conexus Credit Union. “We’re continuously looking for ways to improve our services and nCino was a clear fit as a partner to help us get to the next level. With nCino, we’re excited to further streamline our operations, boost our decision-making processes, help ensure compliance and create a frictionless experience for our employees and members.”

“We are thrilled to be partnered with Conexus on their modernization journey,” said Greg Wipke, Vice President, Canada at nCino. “Conexus plays an important role in its local economy and members’ financial wellbeing. We’re excited to be able to deliver the nCino platform to help them gain efficiencies, making access to capital easier and faster for its members, while helping Conexus reduce risks through improved transparency.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial services providers globally. For more information, visit www.ncino.com.

About Conexus Credit Union
Conexus is a forward-thinking, innovative credit union committed to improving the financial well-being of our members and communities. We do this by creating simple, personal, and empowering experiences for our members that are transformational, not just transactional. We are one of Saskatchewan’s largest credit unions and being connected to our communities across the province is a commitment we have upheld for the last 80+ years. As a local co-operative, our profits are returned to our members through our rates, no-fee accounts, community investment and more. Visit Conexus.ca for more information

Media Contact for nCino

Natalia Moose
press@ncino.com

Media Contact for Conexus Credit Union

publicrelations@conexus.ca

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 9017182

Torossian brings more than three decades of leadership in building strategic partnerships and driving aggressive growth for multibillion-dollar tech innovators

Torossian, a proven leader in the global tech sector with over three decades of experience, joins Builder.ai following his successful tenure in high-impact leadership roles at Microsoft, where he was most recently Corporate Vice President, Microsoft Business Applications. Torossian is an agile, internationally recognized executive with a long track record of helping multibillion-dollar organizations deliver on their digital transformation strategies by challenging the status quo and effectively executing on cutting-edge innovations.

In his new role at Builder.ai, he will be responsible for optimizing and accelerating the company’s overall growth and partnership strategy, with a focus on hyperscaler organizations and North America. He brings his background in understanding cross-industry business challenges and building strategic partnerships to help Builder.ai and its customers set bold ambitions and deliver against them.

“I’m so proud & deeply excited to welcome Vahé to the team. He brings with him an unprecedented expertise that has driven high performance at global technology giants, as well as a deep experience in successfully building business around the world,” said Sachin Dev Duggal, Founder & Chief Wizard, Builder.ai. “Given the importance of cloud hyperscalers for our customers; having someone with his skills, leadership and reputation added to our talented team marks another significant exciting milestone for Builder.ai & burns a really bright light into our future.”

Torossian added: “Builder.ai has been on my radar in recent years thanks to its dynamic pace of growth. The organization’s practical innovations in the AI space have been particularly inspiring to watch as they are already used by the most non technical of users. During a time when the AI narrative is such an important topic around the world, I’m thrilled to be joining a team that has been leading these conversations and bringing to market unique and ambitious AI-powered solutions. It’s very exciting to join a company that’s reimagine how software is built; and finally democratizing access to the billions of people who are not technologists. I’m looking forward to playing a key part in pushing this even further lock step with an incredible team.”

Torossian joins Builder.ai after successfully leading various global executive roles at Microsoft, which includes Corporate Vice President of Worldwide Business Applications, Corporate Vice President Small, Midmarket, Corporate Accounts and Partners and President of Western Europe and CEO of Microsoft France.

Established in 2016, Builder.ai continues to lead the industry with its AI-powered composable software platform that allows anyone with an idea to build an app (web or mobile) – faster and more affordably. By breaking software down into reusable lego-like features, and coupling with state of the Artificial Intelligence and Natasha (the world’s first AI product manager) and its patented software assembly line, Builder.ai has been able to demonstrate success globally in allowing customers of all sizes to become software first.

About Builder.ai
Builder.ai^® is an AI-powered composable software platform for every idea and company on the planet. The AI-powered assembly line fuses together Lego-like reusable features, using Building Blocks automation to reduce human effort, leveraging a verified network of experts to vastly extend development capabilities, and producing apps at almost zero failure rate that are multitudes cheaper and faster than traditional software development.

Led by serial entrepreneur Sachin Dev Duggal, Builder.ai is reshaping how software is built and operated with a suite of products and services, including BUILDER STUDIO, BUILDER CLOUD, BUILDER NOW, STUDIO STORE and STUDIO RAPID. In 2020, Builder.ai landed on the 2023 Fast Company list of Most Innovative Companies, was awarded “Hottest AI Startup” and 2022’s “Hottest Scale-Up” at the Europas for Europe’s successful tech start-ups and Best COVID-19 Innovation-Recovery at CogX and awarded ‘Visionary’ in the 2021 Gartner^® Magic Quadrant for Multi-experience Development Platforms. Builder.ai is headquartered in London, supported by employees and hubs in Delhi NCR, Singapore, Los Angeles, Salt Lake City, Sophia Antipolis, and Dubai. For more information, visit Builder.ai.

BUILDER.AI and BUILDER are trademarks of Engineer.ai Corp. All other marks are trademarks of their respective owners.

Media Contact:
Stephanie.lowenthal@builder.ai

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5fffc12-681f-4cfa-8920-95c74675c7de

GlobeNewswire Distribution ID 1000908736

BERGEN OP ZOOM, NETHERLANDS / ACCESSWIRE / January 29, 2024 / Komet Sales and Axerrio have merged. With this collaboration, they combine the expertise and experience of both organizations in the field of IT in the floral industry. This enables them to accelerate their growth and expedite the development of their software products. Additionally, they will integrate their e-commerce platforms, creating an extensive supply network that connects the Netherlands, Europe, North America, and South America.

Komet Sales (“Komet”), the leading software provider for the floral industry in North and South America, is pleased to announce the merger with Axerrio, a leading software provider for the floral industry in the Netherlands and Europe. The merger brings new value to the customers of both companies by expanding access to new functionalities and allowing customers to access an extensive network of buyers and sellers through Komet’s and Axerrio’s e-commerce networks. The current Axerrio team will continue to lead Axerrio’s growth strategy.

Axerrio, headquartered in Bergen op Zoom, Netherlands, has become one of the largest software providers for floral companies in the Netherlands and Europe. Axerrio’s solutions and team bring in-depth expertise driving e-commerce and procurement management in Dutch auction and private channels. Furthermore, Axerrio’s solution excels in production management and integrates seamlessly with retail systems for the smooth sale and production of bouquets and plant arrangements. After the merger, the companies will work on a seamless integration between Axerrio and the Komet solutions.

In addition to the e-commerce platform, the Komet corporate family includes the following subsidiaries: UNOSOF, the leading software provider for flower growers in South America; Floral Computer Systems (FCS) SmartSystem, the most widely used solution for flower wholesale in the United States; and Komet Sales, the leading ERP system for flower importers and large-scale wholesalers. In conjunction with Axerrio, these solutions form a range of products designed to seamlessly connect suppliers with their customers throughout the entire supply chain of flowers and plants. They assist growers in marketing their products on both sides of the Atlantic Ocean. They enable importers and wholesalers to source products from a broader range of suppliers while achieving operational efficiency and improved sales velocity. This combination aligns perfectly with Axerrio and Komet’s commitment to providing innovative and comprehensive solutions to their customers. Additionally, many customers using Komet, UNOSOF, or FCS already have business relationships with Axerrio’s customers, providing immediate opportunities for synergy and new functionality.

“Our vision is to provide software that allows floral businesses to seamlessly manage their operations, grow their revenue, and enhance their margins,” said Chris Beals, CEO of Komet Sales. “With the addition of Axerrio to our family of companies, we bring a great team and in-depth software capabilities for Dutch and European organizations with expertise in retail, production, and integrated e-commerce aboard. Furthermore, the extensive e-commerce network between the companies will enable customers to sell more easily to new buyers and regions.”

Existing customers of both Komet Sales and Axerrio can expect a seamless transition and support. The integration of Axerrio’s expertise and technologies, especially in the production of bouquets and plant arrangements for retail, will further enhance the value and capabilities of Komet’s products.

“We are excited to join forces with Komet to deliver even better solutions to our current and future customers,” said Nardi Rens, CEO and co-founder of Axerrio. “Together, we will be able to offer an even more comprehensive and innovative range of products and services to help our customers in their daily operations and growth ambitions.” Nardi will continue as CEO of the growing Axerrio team in the Netherlands and Europe.

Komet and Axerrio have ambitious plans to integrate American and European product classification and systems to enhance cross-selling among customers. With these developments and improved functionality, customers can anticipate the constantly evolving floral industry.

For media inquiries, please contact Elena Mejia at elena@kometsales.com.

About Komet:

Komet is the parent company of Komet Sales, UNOSOF, and FCS, the leading providers of software solutions for flower importers, producers, and wholesalers in the American floral industry. Komet also manages the K2K Floral e-commerce platform, the leading B2B e-commerce network in North and South America. Komet’s customers collectively drive the floral industry in North and South America and represent some of the largest companies in the sector. With their software solutions, Komet and its subsidiaries share a common vision to streamline their customers’ operations, increase revenue, and improve margins.

About Axerrio:

Since 1995, Axerrio has successfully implemented the Axerrio Business Software (ABS) at more than 90 companies. Currently, the software serves as a daily trading and process management tool for over 1,000 professionals in the floral industry and thousands of their customers through the Axerrio e-commerce solution. Axerrio offers a comprehensive business solution that includes ERP software, ICT infrastructure, user and process support, and maintenance.

Contact Information

Elena Mejia
Marketing Coordinator
elena@kometsales.com
(786) 772-3375

Related Files

Persbericht-Axerrio-Komet.docx

SOURCE: Komet Sales

View the original press release on newswire.com.

The Global Partnership for Education and the Institute for Economics & Peace have released new research providing compelling evidence of the strong relationship between education and peace.

LONDON, ENGLAND / ACCESSWIRE / January 23, 2024 / The Global Partnership for Education (GPE), and the Institute for Economics & Peace (IEP), have released new research providing compelling evidence of the strong relationship between education and peace. Released on the International Day of Education, the analysis demonstrates how improvements in education levels are closely linked to more peaceful societies.

The past decade has been marked by lethal conflicts, crises and wars. Across the globe, wars keep taking countless lives, displacing civilians from their homes and leaving many more in a dire need of life-saving assistance. There is an urgent need to rebuild the foundations that can underpin lasting peace, and yet too often one of the most crucial of these, education, is often relegated to a development afterthought.

“This year began with a dismal global outlook for peace, but we can restore hope by urgently investing more in education,” said Laura Frigenti, GPE Chief Executive Officer. “It is time we heeded the mounting evidence that education is a smart, mutually sustaining investment in prosperity and peace.”

While the disastrous impacts of conflict on education are widely acknowledged, research on the reciprocal relationship between peace and education has been sparse and outdated. To fill this essential knowledge gap and provide evidence to drive sound policies, the GPE has partnered with the IEP to break down and better understand the relationship between education and peace.

Key finding:
Countries with higher primary school completion rates are in general more peaceful. Conversely, countries that enjoy high levels of peacefulness have secondary school completion rates of 99 percent. On the other hand, countries that suffer from low levels of peacefulness have on average secondary school completion rates of only 52 percent.

Countries with high education levels enjoy more overall social and political stability, and the opposite is also true: countries with low education levels tend to experience a higher occurrence and intensity of internal conflict. In other words, better performance in education can reduce the severity and duration of societal violence and save lives.

Improvements in peace indicators see more investment in education. Countries that invest more in education enjoy higher levels of peacefulness. For example, in 2020, Namibia, one of the most peaceful countries in Africa, had the sixth-highest rate of government investment in education globally as a percentage of GDP.

Mounting evidence has shown that investing in education is essential for peacebuilding. There is an urgent need to ensure adequate resources are channeled to education. This can allow governments, donors and international organizations to live up to their collective responsibility of giving every girl and boy the opportunity to get the knowledge and skills they need to usher in a more peaceful and prosperous future.

For more information, visit globalpartnership.org and visionofhumanity.org.

NOTES TO EDITORS

About Global Partnership for Education (GPE): GPE is a shared commitment to ending the world’s learning crisis. We mobilize partners and funds to support nearly 90 lower-income countries to transform their education systems so that every girl and boy can get the quality education they need to unlock their full potential and contribute to building a better world.

About Institute for Economics & Peace (IEP): IEP is an independent, non-profit think tank dedicated to shifting the world’s focus to peace as a positive, achievable, and tangible measure of human well-being and progress. It achieves its goals by developing new conceptual frameworks to define peacefulness; providing metrics for measuring peace; and uncovering the relationships between business, peace, and prosperity as well as promoting a better understanding of the cultural, economic, and political factors that create peace.

Contact Information
Mike Koslowski
IEP Senior Communications Advisor
mkoslowski@economicsandpeace.org
+61418410531

Tamara Kummer
GPE Head of Communications
tkummer@globalpartnership.org
+1 202 948 5395

SOURCE: Institute for Economics & Peace

View the original press release on newswire.com.