Tuesday, December 20, 2022

Lineage Logistics Raises Over $700 Million in New Equity to Fund Investments in New Development Projects and Clean Energy Deployments

 NOVI, Mich. - Tuesday, 20. December 2022

Funding demonstrates investor confidence in the Company in the face of a challenging global market environment

New equity funds investments in new building capacity to meet demand fueled by supply chain congestion and customer supply chain growth

Funding is allocated for substantial increase in clean energy and solar projects in support of meeting the Company’s goal to achieve carbon neutrality by 2040

New funding brings total equity raised since January 2020 to $6.7 billion

(BUSINESS WIRE) -- Lineage Logistics, LLC and/or its affiliated entities (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised over $700 million in equity from new and existing strategic partners.

“Our latest equity raise shows the confidence our investors have in Lineage’s business model and our demonstrated ability to meet demand globally in the face of macro-economic headwinds, inflationary pressures and capital markets volatility,” said Greg Lehmkuhl, President and CEO of Lineage. “We believe we have an especially important responsibility to continue investing in new warehouse capacity in critical locations to not only help reduce waste and congestion in the global food supply chain but also to help our customers grow.”

The new capital will support the completion of a global pipeline of more than 20 in-flight greenfield and expansion projects totaling over $1.25 billion as well as two new, fully automated U.S. superhub projects in core Southern Californian and Northeastern distribution markets. In total, these projects represent over 700,000 new pallet positions and a 7% increase in Lineage’s global capacity. Additional projects are underway to help support the growing customization of producer and retailer supply chains and create capacity in congested domestic and international markets.

“In addition to new construction, this latest round of funding will further our global investments in solar capacity with a plan to increase our on-site solar installations by over 50% in the coming year,” said Adam Forste, Co-Executive Chairman of Lineage and Co-Founder and Managing Partner at Bay Grove, which founded and manages Lineage Logistics. “We have been and continue to be deeply committed to decarbonizing across the Lineage platform, and we will continue to invest in conventional and unconventional initiatives to reduce our resource consumption, especially in light of recent volatility in global energy markets.”

The equity raise follows Lineage’s latest funding round of $1.7 billion, announced in January 2022. The latest funding brings the total equity raised since January 2020 to $6.7 billion.

About Lineage Logistics

Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity, which spans 20 countries across North America, Europe, and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network and the development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was a 2022 U.S. Best Managed Company, No. 3 in the 2022 CNBC Disruptor 50 list, No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)

About Bay Grove

Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Since 2008, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, customers and employees. The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. Bay Grove is based in San Francisco. (www.bay-grove.com)

 



Contacts

Lineage Logistics
Christina Wiese
734-608-1855
cwiese@lineagelogistics.com

 

Kooksoondang Switches to Rimini Street Support for SAP to Achieve Savings, Better ERP Support and Greater Funding for Innovation

 LAS VEGAS - Tuesday, 20. December 2022 AETOSWire Print 



Leveraging Rimini Street smart path solution transforms IT challenges into innovation opportunities


(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Kooksoondang, a leading Korean producer of traditional rice wines, including yakju and takju, has switched from annual vendor support to Rimini Street for its SAP ECC software.


Kooksoondang manages business-critical finance, procurement, sales, production, and HR functions through its SAP ECC applications. To maximize ROI on its SAP investment, Kooksoondang needed a new solution that improved support quality for its SAP system without any vendor-forced upgrades or migrations for years into the future, and also provided cost savings to fund other strategic initiatives, such as customer service improvements.


"Companies need to reduce costs, reallocate savings to priority projects, and invest in enterprise-wide business innovation in order to stay resilient in today’s uncertain economic climate," said Hyungwook "Kevin" Kim, GVP & regional GM, Korea at Rimini Street. "At Rimini Street, we design custom smart paths that help our clients achieve their strategic, financial, and operational goals."


By choosing Rimini Street to support its SAP system, Kooksoondang significantly reduced costs, avoided software vendor-pressured upgrades and migrations, and enabled stable and robust operations for its SAP software for at least 15 years from the time of transition to Rimini Street. Kooksoondang has access to a local, dedicated Primary Support Engineer (PSE) who is experienced in their software platform. With Rimini Street’s best-in-class service level agreement (SLA) guarantee of 10-minute response time for critical Priority 1 cases, 24/7/365, the company has a true support partner it can rely upon for mission critical operations. Today, Kooksoondang can focus on its investment in digital transformation projects that drive business innovation, such as groupware advancement and hardware replacement.


"Rimini Street carefully analyzed our unique business goals and delivered a support model, program, and team that meets our strategic, financial, and operational needs," said Seunghwan Byun, team leader of information technology at Kooksoondang.


Explore the Rimini Street portfolio of ultra-responsive support for SAP, Oracle, and Salesforce applications, in addition to security, integration, professional services, and managed services.


About Kooksoondang

Kooksoondang is a representative Korean traditional liquor brewery established in 1970. Every liquor in Kooksoondang reflects the culture and sentiment embedded in Korean liquor in line with the slogan "Merging Tradition with Today’s Trends." The representative brand, Baek Se-ju, was developed by restoring the formula of Baek Ha-ju during the Goryeo Dynasty. The drink pioneered the Korean traditional liquor market, making it the first "excellent cultural product" selected by the Korean government.


Kooksoondang is reviving Korean traditional liquor that existed 1,000 years ago through the "Korean Liquor Restoration Project." It has developed a patented technology that maintains the freshness of raw makgeolli, a unique liquor with live lactic acid bacteria, and is promoting Korean makgeolli to the world. Kooksoondang continues to be the No. 1 exporter of Korean traditional liquor by exporting Korean traditional liquor to more than 50 countries around the world through efforts to preserve the value of Korean liquor culture and innovate new technologies.


About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, over 4,900 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, and connect with Rimini Street on Twitter, Facebook and LinkedIn. (IR-RMNI)


Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and economic, operational and financial impacts on our business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the pandemic; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends, including inflation, rising interest rates and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates and the industries in which our clients operate; the evolution of the enterprise software management and support landscape facing our clients and prospects and our ability to attract and retain clients and further penetrate our client base; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; adverse developments in and costs associated with defending pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; customer adoption of our products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified employees and key personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings “Risk Factors” and “Cautionary Note About Forward-Looking Statements” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 2, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.


© 2022 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.


 


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Contacts

Janet Ravin

Rimini Street, Inc.

+1.702.285.3532

pr@riministreet.com

FarEye Recognized in 2022 Gartner® Market Guide for Last-mile Delivery Technology

 Company included by Gartner as a Representative Vendor in last-mile delivery technology


(BUSINESS WIRE) -- FarEye today announced inclusion in the first-ever Gartner "Market Guide for Last-mile Delivery Technology Solutions1" report as the one of 18 Representative Vendors.


According to Gartner, “... In terms of transportation operations, the global last-mile delivery market size was valued at $40.5 billion in 2021 and is anticipated to generate $123.7 billion in 2030. The market is projected to grow at a compound annual growth rate (CAGR) of 13.21% during the forecast period (2022 to 2030), with the Asia/Pacific region the leader in market share, accounting for 64% of the total e-commerce spending in 2021. North America and Europe follow Asia/Pacific in market share. However, in terms of software demands, the United States is the leading market for last-mile delivery software.”


“We have been simplifying last-mile delivery for hundreds of companies globally for nearly a decade. We believe being recognized in the first Market Guide covering Last-mile Delivery Technology is further validation of our strategic focus on last-mile delivery,” said Kushal Nahata, CEO and co-founder, FarEye. “Today more than ever, an efficient consumer-centric last-mile delivery experience is pivotal to brand loyalty and turning the delivery experience into a competitive advantage.”


FarEye’s products are oriented to key areas in the last-mile delivery journey - Ship, Track, Route, Execute, and Experience. FarEye’s products are underpinned by the FarEye Platform, an all-in-one low code/no code delivery logistics platform combining orchestration, real-time visibility, branded customer experiences, and business process management to ensure deliveries are on-time and accurate, from order-to-door. Companies in the e-commerce and retail, big and bulky, and courier and logistics industries rely on FarEye to increase operational efficiencies in the last mile, and create superior customer delivery experiences.


“Last-mile delivery has emerged as a crucial aspect of the consumer experience,” said Al Contreras, customer innovation manager, Gordon Food Service. “We have been working with FarEye on an omnichannel last-mile strategy to give our customers more delivery choices such as same-day delivery, the option to choose their delivery timeslots, as well as real-time updates on the status of their orders with precision, which has led to higher satisfaction and repeat purchases.”


Required Disclaimer:


Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.


1 Gartner, Market Guide for Last Mile Delivery Technology Solutions, Oscar Sanchez Duran, Carly West, Nathan Lease, December 13, 2022


About FarEye


FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005093/en/



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Contacts

Jolene Peixoto, VP, marketing strategy & communications, jolene.peixoto@fareye.com

Board placed as a Leader in 2022 Gartner® Magic Quadrant™ for Financial Planning Software

  Recognized for Completeness of Vision and Ability to Execute


(BUSINESS WIRE) -- Board, the leading global provider of Intelligent Planning Solutions which help organizations plan smarter — enabling actionable insights and better outcomes, today announced it has been positioned by Gartner as a Leader in the Magic Quadrant for Financial Planning Software. The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute.

“We are excited to be positioned as a Leader in the 2022 Gartner Magic Quadrant for Financial Planning Software, which in our opinion reflects the business impact of Intelligent Planning realized by organizations seeking to plan, achieve and transform today,” said Marco Limena, CEO of Board. “Leading enterprises worldwide recognize the importance of planning smarter, based on the latest actionable insights to deliver better business outcomes.”

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

Click here to read the full complimentary copy of the 2022 Gartner® Magic Quadrant™ for Financial Planning Software, to learn more about Board's Strengths and Cautions, among other provider offerings.

Additional resources

• Explore Board on this blog

• Follow Board on LinkedIn and Twitter


Gartner disclaimer

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

-Gartner, 2022 Magic Quadrant for Financial Planning Software, Regina Crowder, Farrah Watson, Matthew Mowrey, 14 December 2022

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.


About Board

Board’s Intelligent Planning Platform delivers solutions that help over 2,000 organizations worldwide plan smarter — enabling actionable insights and better outcomes. Board helps leading enterprises discover crucial insights which drive business decisions and unify strategy, finance and operations through more integrated and intelligent planning to achieve full control of performance. Partnering with Board, global enterprises such as H&M, BASF, Burberry, Toyota, Coca-Cola, KPMG, and HSBC have digitally transformed their planning processes.

www.board.com


View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005382/en/


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Contacts

Board Contact:

Dan Chappell, VP Global Communications

dchappell@board.com


 

Monday, December 19, 2022

Budweiser Hosts Unforgettable Victory Celebration for FIFA World Cup™ Champion ARGENTINA

 At the #BringHomeTheBud celebration throughout the country, Budweiser toasts Argentina’s victory with limited-edition Budweiser FIFA World Cup packs for fans, hosts the ultimate celebration event, and screens the music video for “The World Is Yours to Take” from the FIFA World Cup™ soundtrack featuring Lil Baby and moments from Argentina’s iconic win


(BUSINESS WIRE)--Today, Budweiser, the Official Beer of the FIFA World Cup™, unveiled the details of its promised victory celebration for the tournament champions as part of its #BringHomeTheBud campaign. At the celebrations taking place in various cities in Argentina throughout the holiday season, fans will be invited to enjoy limited-edition Budweiser FIFA World Cup packs.


The celebration kicked off after the official watch party in Buenos Aires, with the opening of the #BringHomeTheBud crates. On Thursday, December 22, Budweiser’s ultimate victory celebrations will continue at Fan Fest locations in Buenos Aires, Rosario, and Cordoba. These celebrations will feature musical performances, surprises in the red Budweiser crates to be revealed for fans at the party, partner activations and access to exclusive collectible merchandise to commemorate Argentina’s win.


“We are thrilled to #BringHomeTheBud to Argentina, bringing fans together in celebration over the Argentina national team’s monumental World Cup win,” said Todd Allen, Global Budweiser Vice President. “We couldn’t wait to bring their epic victory home and to celebrate with the players and fans as we wrap up our largest global campaign to date.”


“This has been an incredible journey. It’s a historic moment, not just for me, but for all of Argentina,” said Team Captain, Lionel Messi. “The World is Yours to Take has been a great way to tell my story to achieve this dream. I’m excited that we’re able to celebrate and Bring Home the Buds to all the fans that supported us.”


As part of the celebration, Budweiser will screen the music video for “The World Is Yours To Take”, the first ever music video shot at the FIFA World Cup, featuring Lil Baby. ​The music video includes some of Argentina’s most iconic moments through the tournament, including when Argentina lifted their third FIFA World Cup trophy.


You can watch the music video for “The World Is Yours To Take” HERE.


You can watch Lionel Messi’s "The World is Yours to Take" FIFA World Cup Winner's video HERE.


About Anheuser-Busch InBev and Budweiser


Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona® and Stella Artois®; multi-country brands Beck’s®, Hoegaarden®, Leffe® and Michelob ULTRA®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 169,000 colleagues based in nearly 50 countries worldwide. For 2021, AB InBev’s reported revenue was 54.3 billion USD (excluding JVs and associates).


Budweiser is a medium-bodied, flavorful, crisp American-style lager. Brewed with the best barley mallet and a blend of premium hop varieties, Budweiser is an icon of optimism and celebration which is enjoyed in over 60 countries around the world and is committed to brewing every Budweiser with 100% renewable electricity.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20221219005280/en/



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Contacts

 

Media

Budweiser /AB-InBev

Media.relations@ab-inbev.com


Allison+Partners

BudGlobal@allisonpr.com


Biz3

Kathryn Frazier, kathryn@biz3.net

Reid Westler, reid@biz3.net


Universal Music Group

Courtney Lowery, courtney.lowery@umusic.com


 


Boehringer Ingelheim and Click Therapeutics expand their existing Collaboration to develop Prescription Digital Therapeutics for Schizophrenia


 INGELHEIM, Germany & NEW YORK

(BUSINESS WIRE)--Boehringer Ingelheim and Click Therapeutics today announced the launch of an expanded collaboration for the development and commercialization of a second prescription-based digital therapeutic (PDT). The companies will collaborate to develop and commercialize a novel mobile application, which combines multiple clinically validated therapeutic interventions for use alone and in combination with pharmaceutical therapy to help people with schizophrenia achieve positive clinical outcomes. The partnership aims to provide additional treatment options to those living with schizophrenia, where there remains a significant unmet need due to lack of access to psychosocial intervention therapies.


Schizophrenia is one of the 15 leading causes of disability worldwide, with approximately half of all patients exhibiting co-occurring mental and/or behavioral health disorders.1 It is a serious mental health condition that alters a person’s perception of reality and impacts how they think, feel, and behave, and people diagnosed with schizophrenia can remain functionally impaired due to insufficiently treated negative symptoms, including cognitive deficits and limited social functioning.2 Treatment guidelines recommend tailored psychosocial intervention therapies, however, access to these interventions is limited. 2,3 Providing novel, digital therapeutic options has the potential to significantly improve treatment and positively impact health and patient’s quality of life.


The additional prescription digital therapeutic under this expanded collaboration builds on development and clinical successes together with key patient insights gained under the companies’ existing collaboration, which has been in effect since September 2020. The CT-155 program has achieved all development milestones to-date and generated supportive data across clinical learning studies in advance of an upcoming pivotal registration study. The companies are pursuing this new therapy after recognizing that a comprehensive treatment strategy for schizophrenia would benefit from a multi-product approach. Click Therapeutics will receive an upfront payment, funding for research and development activities as well as clinical, regulatory and commercial milestone payments up to a total of USD 460 million, plus tiered royalties.


“We are very excited to expand our collaboration with Click Therapeutics and further tap into their expertise in developing efficacious and engaging digital therapeutics. This brings us an important step closer to our aim of developing holistic mental health solutions for patients in need. It opens new horizons on our journey toward advancing mental healthcare by combining pharmacotherapies with newly emerging digital technologies,” said Nedim Pipic, MD, Corporate Vice President, Therapeutic Area Head CNS, Retinopathies & Emerging Areas, Boehringer Ingelheim.


“Our collaboration with Boehringer Ingelheim offers significant potential to bring new digital treatment options to a currently underserved patient population,” said David Benshoof Klein, CEO, Click Therapeutics. “Our teams share a passion to pursue new, groundbreaking approaches to treatment and a mission to make a difference for patients. We are thrilled to expand our relationship with Boehringer Ingelheim to additional treatments within schizophrenia.”


“With this new project we are addressing symptoms of patients for which no scalable treatment approaches exist today. Seeing the pipeline of PDTs growing reflects our commitment to mental health. We are excited to realize the potential of complementing pharmacological therapy with digital solutions to transform the lives of patients,” added Cornelia Dorner-Ciossek, Ph.D., Digital Health Lead at Boehringer Ingelheim.


“Expanding our successful partnership with Boehringer Ingelheim enables our team to build on the experience and insights gathered with CT-155 and further expand the scope of our digital therapeutics platform,” said Austin Speier, Chief Strategy Officer, Click Therapeutics. “This growing collaboration is a testament to the progress we have achieved so far working together and creates the inspiring opportunity to expand CT-155 into a seamless digital therapy suite that can deliver meaningful outcomes to people living with schizophrenia.”


For the full press release and link to ‘Notes to Editors’ please click here:


Press Release


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20221219005389/en/



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Contacts

 

Boehringer Ingelheim

Reinhard Malin (CET time zone)

Innovation Unit/Bio Comms, Corp. Affairs

P: 49 6132 77-90815

reinhard.malin@boehringer-ingelheim.com


Linda Ruckel (ET time zone)

Innovation Unit/Bio Comms, Corp. Affairs

P: 1 203-791-6672

linda.ruckel@boehringer-ingelheim.com

A Third of Businesses Predict the Current Inflationary Environment to Last More Than Two Years - Taulia

 SAN FRANCISCO - Monday, 19. December 2022




(BUSINESS WIRE)--A third of global businesses predict the current inflationary environment to continue for more than two years, according to new research from Taulia. Expectations were gloomiest in the UK, with more than two in five (42%) predicting high inflation would last more than two years, while a third (34%) of businesses in Germany, and over a quarter in Singapore (29%) and the US (27%) said the same.

Half of businesses globally (50%) expect today’s inflationary environment to last between one to two years, and nearly two-fifths (37%) of businesses believe inflation will get worse over the next year.

Just 15% of businesses globally predict the current inflationary pressures to last less than 12 months. US firms are most optimistic about this with over a fifth (21%) saying inflation will last less than 12 months, compared to 11% of UK businesses.

Tackling inflation is cited as the top challenge businesses expect to face over the next year. As a result, the findings reveal that businesses are increasing their budgets to prepare for economic uncertainty. Compared to 12 months ago, businesses, on average, have increased their budgets by 13%.

Cedric Bru, CEO, Taulia, comments: “Inflation is having a profound impact on businesses across the globe, causing supply chain disruption, rising costs, and higher borrowing costs. As a result, businesses are having to increase their budgets to help navigate the storm and set themselves up for future survival and success.”

ENDS

Notes to editors:

Research conducted by Opinium among 550 Finance decision makers in the UK, USA, Germany, and Singapore at businesses of USD750million + annual revenue between 10-24 October 2022.

About Taulia

Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access value tied up in their payables, receivables, and inventory. A network of more than 2 million businesses use Taulia’s platform to determine when they want to pay and be paid. Taulia enables its customers to execute their working capital strategies, support their suppliers with early payment, and contribute to building sustainable supply chains. Taulia processes more than $500 billion each year and is trusted by the world’s largest companies, including Airbus, AstraZeneca, and Nissan. In March 2022, Taulia became part of SAP. Taulia operates as an independent company with its own brand in the SAP Group.

For more information, please visit www.taulia.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20221219005074/en/


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Contacts
Media
Vested
Taulia@fullyvested.com