Worldline said that Ingenico shareholders will receive 11 Worldline shares and €160.5 in cash for every 7 Ingenico shares, working out to a 24 percent premium for Ingenico’s average share price over the last month. Pending regulatory and shareholder approvals, the deal is expected to close in Q3 of 2020, with Gilles Grapinet, Worldline’s Chairman and Chief Executive Officer, to lead the combined business.
“We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,” said Disney Chairman and CEO Robert Iger in a statement. “Thanks to our incredible collection of brands, outstanding content from our creative engines and state-of-the-art technology, we believe our direct-to-consumer services, including Disney+, ESPN+ and Hulu, position us well for continued growth in today’s dynamic media environment.”
“Throughout the course of 2019, we added 31 million daily active users, largely driven by investments in our core product and improvements to our Android application “said Snapchat CEO Evan Spiegel. “We’ve recently completed our 2020 strategic planning process and have aligned our teams and resources around our goals of supporting real friendships on Snapchat, expanding our service to a broader global community, investing in our AR and content platforms, and scaling revenue while achieving profitability in order to self-fund our investments in the future.”
You can’t be a leader in the technology industry, as Cisco has been for the last 30 years, without constantly evolving and making bold moves. Our CEO, Chuck Robbins, has taken this philosophy to the next level, spurring us to move faster and think differently. Chuck’s tenure as CEO has seen us enter a new era of internal innovation at Cisco that is unprecedented in the 19 years I have been at the company. Inspired, we challenged ourselves to think about how we could further harness external innovation in a way that would enhance our robust internal innovation. As one of the most prolific strategic venture capitalists in the world, Cisco already has a view into future technologies shaping our markets through our rich portfolio of companies. But we realized we could do even more by engaging with the startup community earlier in its lifecycle. After all, companies such as AppDynamics and Duo Security, both market defining acquisitions for Cisco, were nearly 10 years old before becoming part of Cisco. How could we put Cisco in a position to play a foundational role in starting the next AppD or Duo?
Company CEO Kevin Samuelson, as you would expect, saw the deal as a positive move that allowed the company to operate with a well capitalized parent behind it. “As a subsidiary of a $110 billion+ revenue company that re-invests 90% of earnings back into its businesses, we will be in the unique position to drive digital transformation in the markets we serve,” he said in a statement.
Swedish skincare lovers turned out for Vogue’s Löwengrip masterclass on Wednesday, February 27 2019, to celebrate the launch of the Scandinavian brand into Myer stores around Australia and hear advice from Isabella Löwengrip, founder and creative director of Löwengrip, and Pingis Hadenius, founder and CEO of Löwengrip.
Magnus Grimeland, Antler co-founder and CEO said: “With our support, our founders start refining their ideas and building new and innovative businesses. What is equally important is the deep relationship our founders build with their peers, our advisors and backers. Having accomplished investors like Schroders, Ferd and FinTech Collective on board means we can provide a more valuable network for our startups as they grow their businesses.”
There is a major change ahead for LinkedIn, the social network for the working world, now with 675 million members. Jeff Weiner, who has been leading the company as CEO for the past 11 years, is stepping down on June 1, 2020. His new role will be executive chairman. Ryan Roslansky, who is currently head of product, will be stepping up to the role of CEO, while Tomer Cohen, who had been under Roslansky, is stepping up to lead the product team.
“I see Twitter more as an interest network [rather] than a social network,” CEO Jack Dorsey said today during the call, highlighting how that mission has been challenged by a longstanding problem at Twitter: “People come to see what’s happening in the world,” Dorsey added, but “we make them do a ton of work” to do that. The mission at Twitter for years has been to take away friction in onboarding new users, but now the idea will be to build out more features to keep users around once they have tried the app out.
In the earnings call that followed on November 7th, Forescout president and CEO Michael DeCesare tried to blame the bad results on extended sales, but it didn’t really help, as private equity firms swooped in to make the deal. “We experienced extended sales cycles across several of our customers that pushed out deals and which did not become apparent until we entered the final days of the quarter. We do not believe that any of these deals have been lost to competitors,” he told analysts.
In an interview, Philip Krim, chief executive and co-founder of Casper, was still enthusiastic about his company’s first day of trading. “Getting out to public investors has gone great,” he said. “I’ve enjoyed telling people what we’re trying to build and helping people understand it at a level of depth that the headlines might mislead you from.”
In a blog post written by Carta CEO Henry Ward, three companies are mentioned: A startup focused on helping other companies come up with fair and market-fitting “total compensation” for employees including both cash and stock; a startup focused on “build[ing] analytic investment tools for venture as an asset class;” and one final startup focused on executing and publishing research on private companies.
Scape CEO and co-founder Edward Miller previously described Scape’s “Vision Engine” as a large-scale mapping pipeline that creates 3D maps from ordinary images and video. Camera devices can then query the Vision Engine using the startup’s “Visual Positioning Service” API to determine their exact location with far greater precision than GPS can ever provide. The Visual Positioning Service was made available to select developers via Scape’s SDK.
Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds. On Friday night word leaked out about its latest mega round. This one was for $479 million on a $12.4 billion valuation. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO.
No competing firm’s federal contracts match Chainalysis', and none are as prevalent across agencies. CipherTrace, led by CEO David Jevans, has made about $6 million through mostly research and development contracts; Elliptic, a British firm, has had only one contract worth $2,450 with the Internal Revenue Service, according to federal data.
“It’s a lack of understanding and reputation risk that has kept others away. We think it can be a cleaner sector" than traditional finance, CEO Sean Kiernan said in the report.
Agilent had sued Twist, CEO and Cofounder Emily Leproust, and several other individuals in 2016 in Santa Clara (California) Superior Court, alleging theft of trade secrets related to DNA oligonucleotide synthesis. Last week, the firms announced a settlement where Twist would make a one-time payment to Agilent of $22.5 million in exchange for full relief of the claims, with no admission of liability or wrongdoing by Twist.
GenMark Diagnostics has appointed Scott Mendel, its chief operating officer, as interim president and CEO, effective immediately. Hany Massarany has stepped down as president and CEO and as a member of the company’s board of directors, also effective immediately. GenMark said it has commenced a search to identify a permanent CEO.
Roland Diggelmann has been appointed to Accelerate Diagnostics' board of directors. Diggelmann is currently CEO of Smith+Nephew, a British medical equipment manufacturing company, having recently succeeded Namal Nawana, the former CEO of Alere. Diggelmann previously served as CEO of Roche Diagnostics, and also worked in the orthopedics sector at Sulzer Orthopedics and Zimmer Group.
Abbott announced Miles White will be stepping down as CEO on March 31, 2020 after 21 years in the position, and will be replaced by Robert Ford. Ford has been the president and COO of Abbott since October 2018, and was appointed to the board. Before that, Ford was the executive VP of medical devices at the company, and has been at Abbott since 1996. Miles will remain executive chairman of BD's board.
Jay Flatley has become chairman of the board of directors at Illumina. Until the end of 2019, he was executive chairman, and from 1999 until mid-2016, he was Illumina's CEO. Previously, he was president and CEO of Molecular Dynamics, now part of GE Healthcare. Before that, he was VP of engineering and strategic planning at Plexus Computers, executive VP at Manning Technologies, and held various positions at Spectra Physics.
DNAnexus CEO Richard Daly said that the new contract demonstrates his company's understanding of "FDA's evolving needs for data stewardship, security, and quality, and the increasing complexity of bioinformatics in regulatory review." He said that the expanded relationship will help PrecisionFDA "enhance the regulatory process and provide better options for patients and healthcare providers."
“There are other companies and hospitals working on ways to interpret the genome. However, no one that we are aware of is working on better ways to deliver and distribute the content necessary to make these interpretations happen. We’re the only ones focusing on making the jobs of developers easier in this field,” SolveBio’s CEO and co-founder Mark Kaganovich said in an email.
“Our vision is about closing the design-build-test-and-evolve loop,” said CEO Mike Fero, who was a researcher at Stanford focusing on protein localization and who was previously a vice president at a computational genomics company called Neomorphics that was sold to Affymetrix in 2000. “We want to shorten the time frame it takes to get your DNA built and run more experiments.”
Xcell Biosciences Corporation, a provider of novel and disruptive systems for cell therapy development and production which combines rapid primary cell expansion and fine control of cell population mix and phenotype across a range of therapeutically important human cell types, today announced the launch of a Technology Access Program (TAP) and the first TAP partner, Thibault Jonckheere, CEO at ImmunXperts in Gosselies, Belgium.
I spoke to Lev Grzhonko, CEO of MonDevices, to find out how their company garnered interest and presence with national retailers to grow the business and increase sales. MonDevices created the most affordable smart baby monitoring product on the market called MonBaby. Grzhonko shared the company’s top B2B strategies that support the efforts of its B2C resellers.
Sophia Genetics has named former Foundation Medicine CEO Troy Cox chairman of its board of directors, effective March 1. Cox will replace Antoine Duchateau, whom the company said will remain on the board. Cox, who also has held executive positions at US BioOncology and Genentech, joined the Sophia Genetics board in July 2019.
So Google is now part of Alphabet, a new holding company that will manage Google and all of its other products. Why is the new company called Alphabet? Google/Alphabet CEO Larry Page says it’s because Alphabet means a “collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search!” But the domain name for Alphabet is abc.xyz — not alphabet.com (which is currently getting hammered with traffic it seems).
In his 2013 message to GE shareholders, CEO Jeffrey R. Immelt wrote, “We believe that every industrial company will become a software company.” Last year, he doubled down, moving GE’s corporate headquarters from Fairfield, Connecticut, to Boston, in large part to lure world-class software engineers in the area.
Antonia is CEO of ANZ New Zealand. Prior to this she held roles as Managing Director of our Retail and Business Banking business and as Chief Financial Officer. In her most recent role as MD Retail and Business Banking, Antonia was responsible for our network of retail branches, contact centres and banking specialists who take care of over two million consumer and small business customers. Antonia joined ANZ from Morgan Stanley, where she was General Manager of their business services and technology centre in Budapest and had various Finance roles in Sydney and London. She started her career at KPMG.
Chief executive Mark Malpass said the company expected an improved second half.
Kirkhorn, 34, will become chief financial officer of the electric-car maker after a few months more grooming by his predecessor, Deepak Ahuja. Chief Executive Officer Elon Musk revealed the shakeup in the closing minutes of Tesla’s earnings called Wednesday, and the surprise announcement sent the shares tumbling as much as 5.9 percent.