Constellation

Bishop Street Underwriters, a RedBird Capital Portfolio Company, Announces Joint Venture with Topsail Re

Retrieved on: 
Wednesday, March 27, 2024
Constellation, Redbird, Partnership, Insurance, Partner, P&C, MGA

NEW YORK and GREENSBORO, N.C., March 27, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced a joint venture with Topsail Reinsurance SPC, Ltd. (“Topsail Re”), a market leading, privately held reinsurer.

Key Points: 
  • NEW YORK and GREENSBORO, N.C., March 27, 2024 (GLOBE NEWSWIRE) -- Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced a joint venture with Topsail Reinsurance SPC, Ltd. (“Topsail Re”), a market leading, privately held reinsurer.
  • Bishop Street is a value-additive acquirer and program incubator, marrying established businesses’ brand equity with best-in-class capabilities, capital, and resources to build a powerful growth platform.
  • The Topsail Re partnership will enable day-one strategic value to prospective Bishop Street acquisitions, as well as long-term value for Bishop Street and its acquired platforms for tuck-ins, new program launches, and team lift-outs,” said Mike Zabik, Partner of RedBird Capital Partners.
  • In addition to the creation of the joint venture, Topsail Re CEO David Johnson and Chief Strategy Officer & Executive Vice President Christopher Miller will join the Bishop Street Board of Directors, and Tom Gubash, Managing Director of Topsail Capital Partners, will join as a Board Observer.

Jitterbit’s Vinyl Named to 2024 Constellation ShortList™ in the “Enterprise Low-Code Tools and Platforms” Category

Retrieved on: 
Wednesday, March 27, 2024
Constellation, Research, Automation, Organization, Enterprise

The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations.

Key Points: 
  • The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations.
  • “We are honored to be included in this year’s Constellation ShortList for Enterprise Low-Code Tools and Platforms,” said Manoj Chaudhary, Chief Technology Officer at Jitterbit.
  • “Vinyl is a powerful solution for organizations looking to automate, digitally transform, and scale their business.
  • “Constellation’s ShortLists play a critical role in accelerating technology buying decisions,” said R “Ray” Wang, chairman and founder at Constellation Research.

One Biosciences Welcomes Dr. Scott Braunstein and Dr. Vincent Miller to its Board of Directors

Retrieved on: 
Wednesday, March 27, 2024
Constellation, Single-cell analysis, Lung cancer, EGFR, Health, Biotechnology, Rachel Haurwitz, New Jersey Medical School, Foundation Medicine, Cornell University, University, Knowledge, American Cancer Society, Research, Esperion Therapeutics, Cancer, A.I, Medicine, Summit Health, Esperies, Therapy, Drug development, Partner, MorphoSys, JPMorgan Chase, Thomas Jefferson University Hospital

to identify a new generation of precision medicine targets and develop new treatments, today announced the appointments of Dr. Scott Braunstein, and Dr. Vincent Miller, to its Board of Directors.

Key Points: 
  • to identify a new generation of precision medicine targets and develop new treatments, today announced the appointments of Dr. Scott Braunstein, and Dr. Vincent Miller, to its Board of Directors.
  • Our proprietary discovery engine has identified its first promising targets, and we are preparing to start drug development activities in 2025.
  • Bolstering our Board with such seasoned leaders will be a key factor to success.”
    Dr. Scott Braunstein brings over 30 years of knowledge and experience gained in the biotechnology, pharmaceutical, and biotech portfolio management industries.
  • Dr. Braunstein is currently on the board at Trevena and Caribou Biosciences.

AvidXchange Announces Board Additions and Transitions

Retrieved on: 
Tuesday, March 26, 2024
Opus, Constellation, UnitedHealth Group, Health, AlixPartners, Sale, Engineering, Oni, McKinsey & Company, Audit, Private equity, Risk, TeamHealth, Bain Capital Ventures, Software, KKR, Compensated emancipation, AP, CDPQ, Business administration, Cornell University, Harvard Business School, SAP, University, IPO, Royal, Risk management, Culture, PKS, Growth, Allied Universal, MBA, SAP AG, Event management software, Partner, AJ, Tech, Management

CHARLOTTE, N.C., March 26, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the appointment of two new Board members – Oni Chukwu and Arthur J. (“A.J.”) Rubado. Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock. Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris. Messrs. Chukwu’s and Rubado’s terms will expire at the annual meeting of the Company’s stockholders to be held in 2025 and 2024, respectively. The appointments maintain the number of directors at nine, eight of whom are independent.

Key Points: 
  • Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock.
  • Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris.
  • I wish them all the best,” stated Michael S. Praeger, Chairman and Chief Executive of AvidXchange Holdings, Inc.
    Concurrent with the aforementioned additions, AvidXchange announced that Matthew Harris and Wendy Murdock have resigned from the Board and any committees on which they served, effective March 21, 2024.
  • Both joined the AvidXchange Board, prior to the Company’s IPO, in connection with the Company’s institutional capital raises.

Perseus Group Software Corp. Acquires Valeyo Inc. and its Loan Origination Software (LOS) Business from Securian Canada, Inc.

Retrieved on: 
Monday, April 8, 2024
Constellation, Growth, Inc., Perseus, Acquisition, Software, Insurance, Senior, Point

TORONTO, April 8, 2024 /PRNewswire-PRWeb/ -- Perseus Group Software Corp. ("Perseus"), which is part of Constellation Software Inc., announced today that it has acquired Valeyo Inc. ("Valeyo") and its loan origination software (LOS) business from Securian Canada, Inc.. The insurance portion of Valeyo's business will be retained by Securian Canada. As part of the transaction, Valeyo will be joining forces with Securian Canada to continue to provide an LOS and integrated insurance offering to the market.

Key Points: 
  • TORONTO, April 8, 2024 /PRNewswire-PRWeb/ -- Perseus Group Software Corp. ("Perseus"), which is part of Constellation Software Inc., announced today that it has acquired Valeyo Inc. ("Valeyo") and its loan origination software (LOS) business from Securian Canada, Inc..
  • The acquisition amplifies Perseus Group's industry-leading technology suite with the addition of flexible, scalable, and dependable loan origination software services for Canadian financial institutions.
  • The acquisition amplifies Perseus Group's industry-leading technology suite with the addition of flexible, scalable, and dependable loan origination software services for Canadian financial institutions.
  • Valeyo is a leading software provider partnering to deliver a full suite of business loan origination solutions for financial institutions nationwide.

Rensselaer Polytechnic Institute and IBM unveil the world's first IBM Quantum System One on a university campus

Retrieved on: 
Friday, April 5, 2024
Constellation, CHIPS, RPI, Physics, Health, Faculty, Organization, Algorithm, Growth, IBM Quantum Experience, Science, POWER9, Partnership, Education, IBM Q System One, History, Artificial intelligence, University, Software, IBM, Computer, Student, Chemistry, Housing, Eagle, IBM Eagle, Creativity, Curriculum, Workforce, Quantum, Rensselaer Polytechnic Institute, NVIDIA, Engineering, Map, Microscope

TROY, N.Y., April 5, 2024 /PRNewswire/ -- Today, Rensselaer Polytechnic Institute (RPI) and IBM (NYSE: IBM) officially unveiled the world's first-ever IBM quantum computer on a university campus. Building on RPI's bicentennial celebration of 200 years of firsts, IBM Quantum System One will significantly enhance educational and research opportunities for the university, as well as with other academic institutions and organizations across the New York region that wish to partner with RPI. Faculty, researchers, students, and collaborators accessing the system will aim to advance quantum computing research, including the search for quantum algorithms that could lead to quantum advantage, while also actively building the next generation of the quantum workforce alongside IBM.

Key Points: 
  • Now online, the IBM quantum system will expand the longstanding RPI and IBM partnership to accelerate quantum computing research, workforce development, and education in New York
    TROY, N.Y., April 5, 2024 /PRNewswire/ -- Today, Rensselaer Polytechnic Institute (RPI) and IBM (NYSE: IBM ) officially unveiled the world's first-ever IBM quantum computer on a university campus.
  • Located in the university's historic Voorhees Computing Center Chapel, the IBM Quantum System One, along with endowed faculty positions, is the focal point of the Curtis R. Priem Constellation.
  • The new IBM Quantum System One at RPI is powered by a 127-qubit IBM Quantum 'Eagle' processor, to offer RPI's network of researchers, students and partners dedicated access to a utility-scale quantum computer.
  • As the first university in the world to house an IBM Quantum System One on its campus, RPI has a unique opportunity to develop new quantum curriculum and educational programs aimed at upskilling the quantum workforce.

Global A.I. Healthcare Market Size Estimated To Reach $148.4 Billion By 2029

Retrieved on: 
Wednesday, March 20, 2024
Constellation, Cloud, Algorithm, Social, Health, Patient, Enterprise, Life expectancy, LLM, USD, Artificial intelligence, Dementia, Ageing, Research, Partnership, PALM, Software, Safety, OTCQB, Machine learning, Intelligence, DRIVE, Data, News, Acquisition, AI, Roger Hawkins (drummer), SNOW, SoundHound, Loneliness, Nvidia, Growth, NVDA, Disease, NVIDIA, Medical device

Generating extensive and intricate healthcare datasets is a pivotal driver for AI in the healthcare Market.

Key Points: 
  • Generating extensive and intricate healthcare datasets is a pivotal driver for AI in the healthcare Market.
  • Integrating big data analytics and AI promises to revolutionize healthcare processes, enhancing accuracy and efficiency.
  • A report from MarketsAndMarkets projected that the global AI in Healthcare market size was valued at USD 20.9 billion in 2024 and is estimated to reach USD 148.4 billion by 2029, registering a CAGR of 48.1% during the forecast period.
  • This will boost the Company’s sales and execution capabilities within the healthcare sector, which has become a booming market for AI research, development, and adoption.

Hippocratic AI Raises $53 Million Series A at a $500 Million Valuation

Retrieved on: 
Monday, March 18, 2024
Constellation, Checklist, Synthetic media, Universal Health Services, Health, Physician, Education, Patient, Health care, History, AI, WellSpan Health, Polaris, Heart, Kidney disease, LLM, PALO, Ron Conway, Hippocrates, Llama, Safety, Azim, Memorial Hermann Health System, Nursing, Social, UHS, Generative, Pharmaceutical industry

PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, today announced the close of a $53 million Series A funding round at a $500 million valuation, bringing total funding to $120 million.

Key Points: 
  • PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, today announced the close of a $53 million Series A funding round at a $500 million valuation, bringing total funding to $120 million.
  • “Premji Invest supports the Azim Premji Foundation’s non-profit activities in perpetuity by investing in companies that can create long-term societal value.
  • “Hippocratic AI has grown rapidly due to sound execution and strategy, while prioritizing safety.
  • The results of these studies are presented in a paper released today called Polaris: A Safety-focused LLM Constellation Architecture for Healthcare.

Circana Announces Its 2023 US CPG Growth Leaders

Retrieved on: 
Monday, March 18, 2024
Constellation, Consumer, Attention, Growth, Gruma, Noise, Post Holdings, Constellation Brands, Coca-Cola, CJ CheilJedang, Chobani, Social media, Artificial intelligence, Convenience, CPG, Behavior, Cosmetic industry, Molson Coors, Energy drink, P&G, MrBeast, Cosmetics, Public key certificate, Pharmavite

Chicago, March 18, 2024 (GLOBE NEWSWIRE) -- Circana ™, a leading advisor on the complexity of consumer behavior, today announced its annual Growth Leaders rankings.

Key Points: 
  • Chicago, March 18, 2024 (GLOBE NEWSWIRE) -- Circana ™, a leading advisor on the complexity of consumer behavior, today announced its annual Growth Leaders rankings.
  • “Our 2023 Growth Leaders are a testament to the agility required to overcome the shifts in consumer buying behavior as they battled increased economic and inflationary pressures,” said Sally Lyons Wyatt, global executive vice president and chief CPG and foodservice advisor, Circana.
  • While still considered Growth Leaders, the smallest companies contributed less to growth, indicating that the pandemic boost of recent years is over.
  • Constellation Brands was the 2023 Growth Leader among $8 billion-plus companies with leading sales growth and market share performance.

Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Environment, Finance, Alternative Energy, Energy, Professional Services, Nuclear, Constellation, Electricity, Microsoft, Longevity, S&P Global Ratings, Climate, Transport, Wind, S&P, Exelon, Organic, Inflation, Commonwealth Edison, Renewable energy

Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.

Key Points: 
  • Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
  • The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago.
  • As a result, major technology companies and other industries are looking to Constellation to help power their operations with clean energy.
  • The company’s financial performance also has enabled it to increase its support for the communities it serves.