Connect with us

Business Wire

Denodo Announces DataFest 2019 in London: Third Annual Conference in Europe for Data Professionals Provides Valuable Insights on Machine Learning, Cloud and Advanced Analytics

Business Wire

Published

on

Reading Time: 3 minutes

Conference welcomes hundreds of data enthusiasts, customers, partners and subject matter experts to discuss the future of data management in the digital age. The event can be attended in person or online by connecting to the live stream.

LONDON–(BUSINESS WIRE)–#AIDenodo, the leader in data virtualization, announced its 3rd annual user conference in Europe, Denodo DataFest, on 23rd October in London. In this conference, attendees will learn strategies on how to leverage data virtualization to enable highly flexible, agile, and powerful BI architectures that are paving the way to multi-cloud adoption. The event can be attended in person or online by connecting to the live stream.

“I am looking forward to speaking at the Denodo DataFest 2019 user conference and am excited to share how we are using data virtualization to enable self-service BI for business users at Festo,” said Diethard Frank, IT Product Manager, Big Data & AI Services at Festo. “I’m excited to share our experience and lessons learned that will hopefully help other organizations think about how to leverage modern technology approaches to truly innovate and uncover hidden value from their data.”

Through this immersive conference, Denodo is bringing together visionary leaders and technical experts to help redefine how data is reshaping the modern enterprise and driving digital business.

“Today, businesses need a holistic view of data across the enterprise from all data sources—on premises, in the cloud, and streaming—to gain deeper insights into customers, new market opportunities, and competition,” said Ravi Shankar, Sr. Vice President and Chief Marketing Officer at Denodo. “Business success demands agile, real-time data integration—to accelerate the time-to-results, and hence the time-to-revenue. DataFest brings together some of our most trusted customers, partners, and industry thought leaders to help address these critical challenges, while setting the course for the future of data driven intelligence.”

Sessions will feature actionable insight from analyst Rick van der Lans and partners including Wipro, Square IT Services, UST Global, HCL and others who will participate in panel discussions. Attendees will also hear real world insights from Festo, NHS Scotland, St. James’s Place and Landsbankinn, to name a few, who will share how they leveraged data virtualization to enable enhanced analytics and agility.

“Organizations moving towards cloud and migrating Personnel Identification Information (PII) and other sensitive and critical enterprise information will face challenges. Data services best practices will help resolve most of these pain points,” said Rajat Sinha, Senior Director Alliances, Wipro Limited. “I am excited to talk about our partnership with Denodo for modern data virtualization solutions that will enable companies to gain maximum benefits from cloud initiatives in form of agility and cost savings.”

“At UST Global, we help our Fortune 500 customers get insightful, actionable and explainable insights which drive business outcomes at speed, by integrating data engineering and engineering analytics,” said Niranjan Ram, CTO of UST Global. “As a trusted Denodo partner, we look forward to presenting a practitioner’s perspective, focusing on the challenges of managing a data science pipeline and improving productivity of our data scientists.”

“Denodo DataFest is the ideal event for everybody interested in data virtualization, data management and data architecture. It’s always a pleasure to be there and exchange knowledge with the people from Denodo and all their customers and partners,” said Bas van der Peet, Business Unit Manager at Axians.

Please Tweet: Attend #DenodoDataFest on 23rd Oct to learn how #datavirtualization can support the journey to #cloudcomputing #multicloudadoption #machinelearning #AI #analytics. Register: https://www.denododatafest.com/EMEA

About Denodo

Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI by enabling faster and easier access to unified business information for agile BI, big data analytics, Web, and cloud integration, single-view applications, and enterprise data services. Denodo is well-funded, profitable, and privately held. For more information, visit www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.

Contacts

Gemma Rowlan

+44 (0) 20 7608 8359

gemma.rowlan@hotwireglobal.com

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

Norwest Venture Partners Closes $2 Billion Fund, NVP XV

Business Wire

Published

on

Reading Time: 4 minutes

Firm Raises Largest Fund to Date with a Focus on Early to Late-Stage Investments in Consumer, Healthcare, and Technology Sectors

PALO ALTO, Calif.–(BUSINESS WIRE)–Norwest Venture Partners, a leading venture and growth equity investment firm, today announced it has closed its largest fund to date, Norwest Venture Partners XV, LP. The new $2 billion fund targets disruptive and market-leading companies from seed to late-stage across consumer, enterprise and healthcare sectors. The launch of Norwest Venture Partners XV, which brings the firm’s total capital commitments to more than $9.5 billion, closes on the heels of a record two years, as 23 of the firm’s portfolio companies achieved notable liquidity events.

Norwest Venture Partners XV follows Norwest Venture Partners XIV, a $1.5 billion fund, which closed in February 2018. Since then, Norwest has made nearly 50 new investments across a range of stages and industries, as well as hired and promoted several investment partners.

Proven Diversification Strategy

For over a decade, Norwest has expanded its growth equity practice to augment and diversify its strong record of venture investments. Both practices at Norwest invest out of a single, global fund and contribute significantly to the overall success of the firm. The investments are represented by leading portfolio companies across the consumer, healthcare and enterprise sectors in North America, India, and Israel.

Exits and Investments

Norwest’s exit success and investment pace reached new highs over the past 24 months. The firm saw nearly 50 new investments, 23 initial public offerings and portfolio company acquisitions across the firm’s investment sectors, including companies such as:

  • Consumer Exits – PCA Skin, Spotify, The Learning Experience, Turnitin, Uber
  • Enterprise Exits – 6 River Systems, Adaptive Insights, Avetta, Cority, Glint, Mist Systems, TRUSTID, Velostrata
  • Healthcare Exits – Health Catalyst, Silk Road Medical
  • India Exits Appnomic, Capillary, CRMNext, ElasticRun, Manthan, Zenoti

CEO Partnerships at the Heart of Norwest’s Success

Over the past 60 years, Norwest has partnered with hundreds of founders and CEOs, and believes that a combination of patience, courage, empathy, and conviction are essential when helping CEOs build their companies for the long term. This guiding principle uniquely positions Norwest as a strong partner for today’s leaders and their teams, working together to build great businesses in fast-evolving markets.

“We have had many high profile exits in the last two years,” said Jon Kossow, managing partner, Norwest. “As our portfolio continues to grow and deliver strong returns, we are looking forward to partnering with the next group of founders who will change the status quo in consumer, healthcare, and technology.”

“Our founders and CEOs are at the heart of everything we do,” said Jeff Crowe, managing partner at Norwest. “To us, that means not only investing capital, but also time and resources to help our leaders and their organizations grow. We’re proud of the founder community we’ve built at Norwest and look forward to partnering with strong innovators for years to come.”

Norwest is also a strong investing partner for companies founded and run by women across many diverse industries, and has invested in 28 female-founded companies to date. Notable female-founded or female-led investments include Birdies, HoneyBook, Madison Reed, Minted, Modsy, Policygenius, Ritual, Science Exchange, Senreve and Talkspace, among others.

New Partners and Promotions

Over the past 18 months, Norwest has invested in promoting and hiring key partners. On the growth equity team, Rob Arditi was promoted to general partner. On the venture consumer team, Ed Yip and Lisa Wu were promoted to partner. Two additional promotions on the growth equity team include Stew Campbell and Ran Ding to principal.

Norwest also made a new hire in mid-2018 with the addition of Priti Youssef Choksi, who joined the consumer team as a partner. She brings over 20 years of experience to the firm from strategic roles at Facebook and Google.

“We’re proud of the strong investment team we’ve built. From our leadership in the health technology space where we continue to deliver strong returns, to our growing portfolio of consumer enthusiast brands and enterprise companies, we are evolving with the market and have bright new talent to help our entrepreneurs lead their industries,” said Promod Haque, senior managing partner at Norwest.

About Norwest Venture Partners

Norwest is a leading venture and growth equity investment firm managing more than $9.5 billion in capital. Since our inception, we have invested in more than 600 companies and partner with over 150 active companies currently in our venture and growth equity portfolio. The firm invests in early to late stage companies across a wide range of sectors with a focus on consumer, enterprise, and healthcare. We offer a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Palo Alto and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.com. Follow Norwest on Twitter @NorwestVP.

All brands, names, or trademarks mentioned in this document are the property of their respective owners.

Contacts

Ellie Javadi

Norwest Venture Partners

ejavadi@nvp.com
650-321-8000

Continue Reading

Business Wire

Defiance Launches NextGen Food & Sustainability ETF (DIET)

Business Wire

Published

on

Reading Time: 2 minutes

The DIET ETF offers access to disruptive companies driving technological trends in food sustainability

NEW YORK–(BUSINESS WIRE)–Defiance ETFs has announced the launch of The Defiance Next Gen Food and Agriculture ETF (NYSE: DIET), available for trading today, with an expense ratio of 0.30%.

The DIET ETF provides exposure to companies that are focused on technologies like alternative plant-based sources of meat, such as Beyond Meat (BYND), seed modification, sustainable farming and irrigation techniques.

One of the most important challenges facing the world right now is finding ways to massively increase global food supply in a way that also manages environmental impacts and meets the needs of an increasingly health-conscious consumer,” said Paul Dellaquila, President of Defiance ETFs.1

DIET offers investors liquid, transparent and low-cost access (0.30%) to globally-listed stocks, across all market capitalizations, and tracks the BlueStar Food and Agriculture Sustainability Index. DIET joins an ETF family that also includes FIVG, the first 5G ETF; and QTUM, focused on the quantum computing and machine learning space.

About Defiance ETFs

Defiance ETFs is a low-cost* thematic ETF provider focusing on the Next Generation of investors.

The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. The prospectus can be obtained by calling 1-833-333-9383 Please read it carefully before investing.

Investing involves risk. Principal loss is possible. As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Fund is not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk. The Fund is considered to be non-diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. This risk is magnified in emerging markets. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies. The food industry and agriculture related companies can be significantly affected by factors including consumer trends, the environment, government regulation, economic conditions, commodity prices, consumer preferences and weather conditions.

A commission may apply when buying or selling an ETF.

DIET is distributed by Quasar Distributors, LLC.

1Future Returns: Investing in the ‘Food Revolution’”, Abby Schultz, Barron’s, September 10, 2019.

https://www.barrons.com/articles/future-returns-investing-in-the-food-revolution-01568144158

Contacts

Julia Stoll

MacMillan Communications

(212) 473-4442

julia@macmillancom.com

Continue Reading

Business Wire

SAIC Wins U.S. Army Human Resources Command Cloud Contract

Business Wire

Published

on

Reading Time: 3 minutes

Company will assess, modernize, and migrate 89 Army Human Resources applications to a commercial cloud solution.

RESTON, Va.–(BUSINESS WIRE)–The U.S. Army selected Science Applications International Corp. (NYSE: SAIC) to modernize its information technology (IT) infrastructure by migrating enterprise applications to a cloud environment. The Army Human Resources Command Cloud Computing Environment (HRC2E) contract is worth more than $41 million over three years and was competed under the Information Technology Enterprise Solutions – 3 Services (ITES-3S) contract.

“We are excited and pleased to work with the Army/HRC to modernize their legacy systems and help steward their applications to a cloud environment. This initiative is a critical step towards the Army’s goal to capitalize on cost savings, agility, and innovations as they successfully transition into a commercial cloud environment,” said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Customer Group.

The contract calls for SAIC to assess, modernize, and migrate 89 Army Human Resource applications to a commercial cloud solution. By modernizing its IT, the Army will refactor, re-architect, rebuild and/or replace internal application components, which results in improved cybersecurity and application performance, lower total cost of ownership, and/or lower operations and maintenance costs.

“This new contract is another important step in SAIC’s efforts to deliver first-class IT modernization solutions to the U.S. government,” said Coby Holloway, SAIC vice president of IT Modernization. “By helping our customers on their digital transformation journey to make use of the best technology has to offer, we’re empowering the Army and others to focus on what matters most — delivering outstanding mission outcomes.”

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Contacts

SAIC Media Contact:
Lauren Presti

703-676-8982

lauren.a.presti@saic.com

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Follow our Tweets

Trending

Please turn AdBlock off