Silicon Valley Journals According to TechCrunch, Bishop Fox, a US-based cybersecurity firm, fired off 13% of its workforce, or 50 employees, just a few days after throwing a big party for its employees. The corporation apparently organized a party at the RSA cybersecurity conference and served branded beverages dubbed cyber soup. According to Bishop Fox’s official Twitter account, … Read more
Shopify is exiting its logistics business, selling it, and laying off 20% of its employees. Shopify bought Deliverr in May 2022 with the intention of competing with Amazon and Walmart in the e-commerce logistics market. Things did not go as planned, and the company is now selling Deliverr to Flexport. According to the Wall Street … Read more
Highland Capital Management LLC, an experienced worldwide investment management business known for its ability to find investment opportunities in a variety of industries, announced the purchase of a new interest in Rithm Capital Corp. during the fourth quarter of 2023. Highland Capital Management purchased 19,253 shares of the real estate investment trust’s stock for $157,000, … Read more
Doyon, Limited, the Alaska Native regional corporation for Interior Alaska, announced May 1 the acquisition of Fairweather, LLC, an oilfield support services company in Alaska. According to a Doyon news release announcing the acquisition, the acquisition would complement Doyon’s current activities on the North Slope and provide experience in oilfield support, weather, logistics, and medical … Read more
Tipa Compostable Packaging is acquiring Bio4Pack, a compostable packaging company in Europe. The financial terms of the transaction were not disclosed, although market estimates suggest Tipa paid $8 million for the German firm. Tipa received $70 million in Series C fundraising in January 2022, led by Millennium Food-Tech and Meitav Dash. Daphna Nissenbaum and Tal … Read more
Cardea Bio, the San Diego, CA-based technological platform developer of the CRISPR-Chip – a graphene-based biosensor that enables CRISPR QC’s CRISPR Analytics Platform – was bought by Cardea Bio, a Somersham, UK-based manufacturer of graphene and integration into ready-to-use devices. The value of the transaction was not disclosed. With the acquisition, Paragraf will expand CRISPR … Read more
Flexport, the premier tech-driven logistics platform, announced today the acquisition of Shopify Logistics’ assets, including Deliverr, Inc. Flexport’s technology now enables businesses to easily plan, visualize, and execute the movement of items from the factory to the customer’s store or door, all from a single technological platform. Flexport will increase its superior AI-driven optimization to … Read more
Richwood Industries has been acquired by Argosy Private Equity, a lower-middle market private equity firm. Richwood Industries, founded in 1988, is a national manufacturer and distributor of composite panels, plywood, tackable solutions, drawers, and dry-erase boards, as well as PolyBak, a proprietary backer and overlay. The company, based in Grand Rapids, Michigan, distributes its products … Read more
Wise Consulting Associates Inc., a human capital management technology consulting firm situated in Timonium, Maryland, has been acquired by RSM US LLP, a Top 10 Firm based in Chicago, effective May 1. Wise Consulting was founded in 1996 and deploys HR systems from UKG and Ceridian, as well as offering payroll services. It will be … Read more
Customers will be able to use Okera to identify, classify, and administer all of their data, analytics, and AI assets using attribute-based and intent-based access policies, according to Xin. Governance is also about observability, which Okera’s technology may help with.