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By Olivia Munro (pictured), Eze Castle Integration – From a personal perspective, there are a variety of reasons that individuals update applications on their personal devices (think mobile phone or iPad). For example, with Social Media applications drivers to update include new features, faster load times, and bug fixes. But from a business perspective, it is imperative to keep applications up to date on your devices.
Here’s our take on benefits of keeping applications up to date, why it’s crucial from a security perspective, and some of the potential risks of legacy applications.
BENEFITS:
Improved Performance
Similar to your personal devices, updating applications
Ultimus Fund Solutions is the latest firm to join the The North American Fund Administration Association (NAFAA), a representative group for the alternative investment fund administration industry.
“With the recent acquisition of Woodfield Fund Administration, Ultimus has broadened its mutual fund administration services to include alternative investment funds and we are delighted to have them partner with us in enhancing the alternative fund administration industry,” says founding director, Chris Meader.
“Our involvement with NAFAA allows us to collaborate with other administrators in the US to bring new ideas and standards that will be beneficial for our firm, our clients
Oyster Consulting has appointed Dale C Jackson as its Managing Director in Bermuda.
Jackson’s experience in compliance, business development, and within the Bermuda Government will help him grow the firm as Bermuda’s regulatory environment expands to meet the challenges of an evolving economy that includes the cryptocurrency and fintech industries.
Jackson (pictured), is a financial services professional whose experience includes business regulatory compliance, financial crime investigation, AML audit, oversight and reporting, due diligence and deal structuring, international commerce, issues management and risk management.
Prior to joining Oyster Consulting (Bermuda), Dale served as an AML Office Manager for a
After obtaining the necessary regulatory authorisations, Unigrains, the agri-food and agro-industry investor, has completed the acquisition of Mecatherm, a specialist in industrial baking equipment, from Wendel.
Olivier Sergent, President of Mecatherm, says: “We are delighted to begin this new, ambitious development phase with Unigrains. This partnership will enable us to offer more added value, services and support to our clients thanks to the strategic and financial backing of our growth projects and via synergies with the French Grain Growers Association.”
Philippe Pinta, President of Unigrains, says: “This strategic acquisition is part of our effort to gain a better understanding
Nozomi Networks, a specialist in industrial cybersecurity and operational visibility announced today it has raised USD30 million in Series C financing.
The company’s first institutional investor, Giovanni Canetta Roeder, led the efforts of Planven Investments SA, GGV Capital, Lux Capital, Energize Ventures (formerly Invenergy Future Fund) and THI Investments, bringing Nozomi Networks’ total funding to date to USD53.8 million. This latest round quickly follows a USD15 million round in January 2018. Funding will be used to fortify Nozomi Networks’ market lead by further broadening its global presence and continuing expansion of research and development. The company is solidly positioned to
Iron Bow Technologies, an IT solution provider serving government, commercial and healthcare clients, has announced an equity partnership with private equity investment firm HIG Capital.
The partnership will accelerate Iron Bow’s rapid growth in prospective markets across the public and private sectors.
With USD25 billion of equity capital under management, HIG’s investment and commitment to the business is critical to maturing the Iron Bow vision and mission. Iron Bow plans to continue its organic investment strategy and, through the HIG partnership, target strategic acquisitions that will help the company expand its existing portfolio, broaden its offerings and gain greater
Duke Royalty Limited, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, has contributed a further GBP1 million into its existing royalty partner, Lynx Equity (UK) Limited (Lynx UK).
Lynx UK will allocate Duke’s further contribution towards the acquisition of Day 2 Interiors (“Day2”) which was recently closed by Lynx and represents its fourth European acquisition.
Based on the new increased aggregate investment of GBP10 million, Duke will be entitled to higher monthly distributions from Lynx UK, beginning in October 2018, which will total GBP1.25 million per annum. The
Clearwater International UK has advised the shareholders of Pyroguard, an independent manufacturer of fire resistant glass, on its MBO backed by ESO Capital Partners (ESO).
Pyroguard manufactures and supplies high performance fire glass to architects, specifiers, contractors and construction professionals, enabling them to meet all their fire safety glazing requirements via a single source. The business has expanded from its initial target markets of the UK, Ireland and the Netherlands to supply customers in France, Germany, Scandinavia and further afield.
The company has experienced significant organic growth over the past four years, and this investment from ESO will allow
Alternative investment specialist Cerberus Capital Management has launched Cerberus Technology Solutions (Cerberus Technology), a new operating subsidiary that will lead technology transformations and modernisations across Cerberus’ global portfolio and facilitate new investments in technology, advanced analytics, and data companies.
The firm also announced that Len Laufer has joined as Senior Managing Director and will serve as Chief Executive Officer of Cerberus Technology, which will be chaired by Cerberus President Matt Zames.
Cerberus Technology will work closely with Cerberus investment and operating professionals to unlock and create value across the firm’s existing portfolio of companies. It will have broad responsibilities
Clayton, Dubilier & Rice has appointed Ray Conner, former Vice Chairman of The Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes, as an Operating Advisor to CD&R funds.
Conner comes to CD&R after a 40-year career at Boeing, where he started as a 727 mechanic and rose to become Vice Chairman. Most recently, he led the implementation of “One Boeing,” a strategic initiative that created a single integrated services business and commercial airplanes product developer.
“Ray is a gifted leader with a distinguished record of accomplishment in a variety of senior executive positions and extensive
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