Adjacent

Three Major Risks for Pursuing Middle Market Consolidation Strategies in the Current Deal Environment

Retrieved on: 
Monday, May 6, 2024
Well, Confusion, Bias, Cross, Adjacent, Workload, Acquisition, Organization, Portage Point, Michigan, Risk, Sales

CHICAGO, May 6, 2024 /PRNewswire/ -- Private Equity (PE) firms understand the value of a well-engineered consolidation or roll-up strategy to generate synergies and rapidly drive higher investment returns. However, increasing competition for deals and relatively high interest rates are disrupting the current acquisition environment, raising the value creation threshold for consolidation strategies. In response, middle market PE firms, in particular, are becoming more creative and pursuing more consolidations between adjacent1 businesses, often creating much greater execution risk.

Key Points: 
  • However, increasing competition for deals and relatively high interest rates are disrupting the current acquisition environment, raising the value creation threshold for consolidation strategies.
  • In response, middle market PE firms, in particular, are becoming more creative and pursuing more consolidations between adjacent1 businesses, often creating much greater execution risk.
  • At Portage Point, we partner with clients to develop and implement successful middle market consolidation roadmaps.
  • To learn more about how Portage Point can provide critical support to middle market investors, owners and operators, please visit www.portagepointpartners.com .

Polycam raises $18M to democratize 3D creation

Retrieved on: 
Wednesday, February 7, 2024
SAN, IPhone, IOS, AI, Kodak Brownie, Maya, Android, AEC, Partner (business rank), Adjacent, 3D, Photography, VFX, Sequoia, Vision, Lidar, Hugging Face, Video, Spelman

SAN FRANCISCO, Feb. 7, 2024 /PRNewswire/ -- Polycam, the leading 3D creation tool for iPhone and Android, announces a $18M Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful tools for 3D creation and editing that enable anyone to easily make photorealistic 3D assets. With nearly 100k paid subscribers, strong revenue growth and an enthusiastic user base, Polycam solidifies its position as the leader in easy-to-use 3D capture and editing.

Key Points: 
  • Using computer vision and AI, Polycam is building powerful tools for 3D creation and editing that enable anyone to easily make photorealistic 3D assets.
  • We are democratizing 3D creation by building Polycam from the ground-up to be AI-first, cloud-first, and collaboration-first."
  • So far, Polycam users have made over 20M 3D models , performed over 50M 3D edits, and generated over 3M PBR textures.
  • We are confident that Polycam will continue to push the 3D market forward ahead of its peers, democratizing access for a new generation of 3D creators."

Synopsys to Acquire Ansys, Creating a Leader in Silicon to Systems Design Solutions

Retrieved on: 
Tuesday, January 16, 2024
Slate, Customer, ACV, Silicon, Qatalyst Partners, Hand, Revenue, Simulation, Fusion, TAM, EDA, Physics, Face, Adjustment, Partnership, Culture, Imagination, AI, EPS, SNPS, Adjacent, ID, ANSS, Lead

SUNNYVALE, Calif. and PITTSBURGH, Jan. 16, 2024 /PRNewswire/ -- Synopsys (NASDAQ: SNPS) and Ansys (NASDAQ: ANSS) today announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 20233. Bringing together Synopsys' pioneering semiconductor electronic design automation (EDA) with Ansys' broad simulation and analysis portfolio will create a leader in silicon to systems design solutions.

Key Points: 
  • Bringing together Synopsys' pioneering semiconductor electronic design automation (EDA) with Ansys' broad simulation and analysis portfolio will create a leader in silicon to systems design solutions.
  • "The megatrends of AI, silicon proliferation and software-defined systems are requiring more compute performance and efficiency in the face of growing, systemic complexity.
  • "Joining forces with Ansys, a company we know well from our long-standing partnership, is the latest example of how Synopsys remains at the forefront.
  • The conference call can be accessed by dialing 800-245-3047 (domestic) or 203-518-9765 (international) and entering SYNOPSYS as the conference ID.

Join the Walk of Hope to pick up the pace on Ovarian Cancer

Retrieved on: 
Thursday, September 7, 2023
City, Woman, Adjacent, Ovarian cancer, Disease, Birth control

TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The 2023 Ovarian Cancer Canada Walk of Hope is happening on Sunday, September 10 in communities across Canada and virtually.

Key Points: 
  • TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The 2023 Ovarian Cancer Canada Walk of Hope is happening on Sunday, September 10 in communities across Canada and virtually.
  • Join us in your local community as we rally together to change the future of this disease – for good.
  • Ovarian Cancer is the deadliest women’s cancer and the time for change is now.
  • Ovarian Cancer Canada is the national organization pushing progress further, faster and saving lives.

Henchman raises $7 million Series A to support tomorrow's lawyer with AI

Retrieved on: 
Thursday, March 2, 2023
Documentation, Partner, Adjacent, Software as a service, Lawyer, AI, Etsy, COVID, Workflow, Traction, Microsoft Word, Negotiation, ChatGPT, Microsoft, Cooley, Translation, Clio, Growth, The German, BeReal, Cryptocurrency, Henchman, Acton Capital Partners

Legal professionals rarely start from a blank sheet of paper when drafting contracts or negotiating details with other parties.

Key Points: 
  • Legal professionals rarely start from a blank sheet of paper when drafting contracts or negotiating details with other parties.
  • "When everyone was still talking about ChatGPT, we implemented the technology in Henchman," says Gilles Mattelin, Founder of Henchman.
  • With the AI-based functionality, lawyers can now use Henchman to enrich contracts with new suggestions, translations or grammatical adaptations.
  • Louis Jonckheere, private investor and founder of Showpad, is optimistic: "The legal profession is entering a new age with AI.

Henchman raises £6 million Series A to support tomorrow's lawyer with AI

Retrieved on: 
Thursday, March 2, 2023
Documentation, Adjacent, Software as a service, Lawyer, AI, COVID, Workflow, Traction, Microsoft Word, Negotiation, ChatGPT, Microsoft, Cooley, Conviction, Translation, Clio, BeReal, Cryptocurrency, Revolut, Etsy, Henchman, Acton Capital Partners

GHENT, Belgium, March 2, 2023 /PRNewswire/ -- Belgian legal tech company Henchman announced it has closed a £6 million Series A funding round.

Key Points: 
  • GHENT, Belgium, March 2, 2023 /PRNewswire/ -- Belgian legal tech company Henchman announced it has closed a £6 million Series A funding round.
  • Legal professionals rarely start from a blank sheet of paper when drafting contracts or negotiating details with other parties.
  • "When everyone was still talking about ChatGPT, we implemented the technology in Henchman," says Gilles Mattelin, Henchman founder.
  • This AI feature lets lawyers use Henchman to enrich contracts with new suggestions, translations or grammatical adaptations.

Butterfly Network Reports First Quarter 2022 Financial Results

Retrieved on: 
Thursday, May 5, 2022
Radiology, General Health, Health, Medical Devices, Technology, Semiconductor, Other Technology, Other Health, GAAP, New, Adjacent, Petco, Access code, Annual report, NEJM, Butterfly network, Humanitarian use licenses, Midwife toad, Technology, AI, Net, Investor, Mission statement, Bill & Melinda Gates Foundation, Company, NYSE, Patient, Network, Partnership, Forecasting, Cyprus Securities and Exchange Commission, Interest, Fowler & Wells Company, EBITDA, Omicron, UNC, Security (finance), International, Private Securities Litigation Reform Act, Growth, United Kingdom, COVID-19, Health, Economic system, Review, Marketing, Bill, Video game, Medical imaging, Bookkeeping, Bank, Risk management, Butterfly, Adjustment

Butterfly Network, Inc. (NYSE: BFLY) (Butterfly), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended March 31, 2022, and provided a business update.

Key Points: 
  • Butterfly Network, Inc. (NYSE: BFLY) (Butterfly), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended March 31, 2022, and provided a business update.
  • Butterfly Network received a $5 million grant from the Bill & Melinda Gates Foundation to improve maternal and fetal health in Sub-Saharan Africa with Butterfly iQ+.
  • Gross profit for the first quarter of 2022 was $8.3 million, compared to gross profit of $6.4 million in the first quarter of 2021.
  • A conference call to review the first quarter 2022 financial results and provide a business update is scheduled for May 5, 2022, at 8:30 am Eastern Time.

Tektronix Adds 5G Capabilities to its Award-Winning, High-Performance Oscilloscopes

Retrieved on: 
Monday, February 28, 2022
EVM, ACP, Algorithm, Twitter, Name, Blog, SVP, Adjacent channel power ratio, SEM, MSO, NI, Spectral, VSA, 3GPP, VP, Adjacent, PVT, DUT board, FR2, GM, LinkedIn, Multimedia, View, Newsroom, Instagram, National Instruments, RF, Solution, Software, Television, Mobile phone, Tektronix, Facebook

BEAVERTON, Ore., Feb. 28, 2022 /PRNewswire/ -- Tektronix, Inc. today announced the release of its SignalVu 5G NR analysis software for 6 Series B MSO oscilloscopes.

Key Points: 
  • BEAVERTON, Ore., Feb. 28, 2022 /PRNewswire/ -- Tektronix, Inc. today announced the release of its SignalVu 5G NR analysis software for 6 Series B MSO oscilloscopes.
  • Engineers can now perform critical 5G NR measurements per 3GPP specifications on the oscilloscopes they rely on to bring-up and characterize new electronic designs.
  • "Integrating NI's 5G algorithms within SignalVu vector signal analysis (VSA) software to run on the Tektronix oscilloscopes and signal analyzers will enable new value in customer workflows."
  • Tektronix is a registered trademark of Tektronix, Inc. All other trade names referenced are the service marks, trademarks, or registered trademarks of their respective companies.