NOVI, Mich. - Tuesday, 16. July 2024

(BUSINESS WIRE) -- Lineage, Inc. (the “Company”) today announced that the Company has commenced the roadshow for its underwritten initial public offering of 47,000,000 shares of its common stock. In addition, the underwriters of the offering will have a 30-day option to purchase from the Company up to 7,050,000 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $70.00 and $82.00 per share. The Company expects that its common stock will be approved for listing, subject to notice of issuance, on the Nasdaq Global Select Market under the ticker symbol “LINE.” The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants ... Read more »

LOS ANGELES 
Optimizing Development Efficiency: Tailored Solutions for Seamless Integration Across Major Gaming Platforms
(BUSINESS WIRE) -- Xsolla, a global video game commerce company, announces the launch of Xsolla Backend, an innovative solution designed to help developers of all sizes, especially indie and midsize teams, work across various gaming platforms. Xsolla Backend makes their games more accessible by allowing developers to unite their audience across all platforms: PC, console, mobile, and the web. This addresses audience fragmentation common to most games and enables developers to save costs while creating deeper engagement as they grow their gaming business.

Xsolla Backend offers developers a scalable and affordable solution to enhance game functionality and player engagement across all technology platforms. This includes streamlined account management, efficient matchmaking, dynamic questing systems, and robust cross-play and multiplayer fun ... Read more »

BOSTON - Tuesday, 16. July 2024 AETOSWire 

The personalized streaming entertainment destination will tap Brightcove’s industry-leading capabilities to manage, distribute, and monetize its content

(BUSINESS WIRE)--Brightcove (NASDAQ: BCOV), the world’s most trusted streaming technology company, today announced it has added Sunn Stream – a streaming service offering family-friendly movies, music and educational content – to its roster of media customers. Sunn Stream will rely on Brightcove’s two-time Emmy-award-winning platform to distribute its content to audiences nationwide.

Sunn Stream, currently in soft launch, is a streaming service that provides subscribers with personalized, family-friendly content, including movies, music, episodic shows, and educational videos on various topics. Using Brightcove’s reliable and scalable video technology, Sunn Stream will provide its audience with a seamless, curated, user-friend ... Read more »

MARLBOROUGH, Mass.
ExaGrid Continues Growth – 14 Consecutive Quarters of Free Cash Flow
(BUSINESS WIRE)--ExaGrid®, the industry’s only Tiered Backup Storage solution with Retention Time-Lock that includes a non-network-facing tier (creating a tiered air gap), delayed deletes and immutability for ransomware recovery, today announced that it had its strongest second quarter (Q2) in the company’s history, for the quarter ending June 30, 2024 with growth of 18% over the same quarter a year ago.

ExaGrid’s second quarter of bookings and revenue was the best second quarter in the company’s history. The company was Free Cash Flow (FCF) positive, P&L positive, and EBITDA positive for its 14th consecutive quarter. ExaGrid added 137 new customers in the quarter with 64 that were six and seven figure deals. ExaGrid now has more than 4,300 active upper mid-market to large enterprise customers that use ExaGrid Tiered Backup Storage to prot ... Read more »

HERZOGENAURACH, Germany - 
(BUSINESS WIRE)--Global sports company PUMA has scaled up its textile-to-textile recycling innovation RE:FIBRE, creating millions of replica football jerseys with a minimum of 75% recycled textile waste and other waste material. For the first time, from the start of the 24/25 season, PUMA football replica jerseys* (featuring 35 Clubs), including those for the Euro and Copa América tournaments, are made from RE:FIBRE.

The upscaling builds on the 46,000 RE:FIBRE jerseys produced in 2023 and seeks to not only reduce textile waste, but also to create less reliance on plastic bottles to produce recycled polyester products. To make the upscaling possible, PUMA is exploring diversified ways to recycle polyester – such as thermo-mechanical and chemical recycling techniques enabling PUMA to significantly increase its capacity to recycle textile waste.

“RE:FIBRE gives football fans a tangible example of how PUMA is working towa ... Read more »

SAN JOSE, Calif. - Tuesday, 16. July 2024

Industry veteran joins McAfee to accelerate transformation, innovation and customer growth

(BUSINESS WIRE) -- McAfee, a global leader in online protection, today announced the appointment of Craig Boundy as President and Chief Executive Officer, effective August 21, 2024. Boundy, a seasoned executive with over 25 years of leadership experience, joins McAfee from Experian where he served as the global Chief Operating Officer, and previously as CEO for North America.

"We are delighted to welcome Craig to McAfee," said Bruce Chizen, Chairman of McAfee’s Board of Directors. "He is an exceptionally talented and accomplished leader with a strong track record of driving high-growth strategies and creating lasting value for customers and partners."

Chizen added, "Craig brings the right mix of experience to McAfee. He's built, led, and transformed companies, has a proven history of st ... Read more »

SEOUL, South Korea - Tuesday, 16. July 2024

- Establishing a production-sales-R&D triad to accelerate overseas cosmetics ODM market expansion

(BUSINESS WIRE)--Kolmar Korea (KRX: 161890) is speeding up its global expansion by appointing experts in the global cosmetics industry to its North American subsidiary. With the plan to build its second U.S. plant early next year, the company has appointed a new head for its North American operations and a Global Chief Commercial Officer (GCCO). It has also set up a strategic framework that integrates production, sales, and R&D to better penetrate the local market. This plan includes creating an R&D team for North America and appointing a new manager.

Kolmar Korea announced that it has named President Yongchul Hur as CEO of Kolmar Laboratories and Kolmar USA, its North American subsidiaries. Philippe Warnery has been appointed as Global Chief Commercial Officer (GCCO), George Rivera as Chief S ... Read more »

Former Employees Include David Ferrera, Nguyen (“Jake”) Le and Michelle Tran

(BUSINESS WIRE)--MicroVention, a fully owned subsidiary of Terumo Corporation, announced today that the United States District Court for the Central District of California has issued an injunction permanently enjoining defendants David Ferrera, Nguyen (“Jake”) Le and Michelle Tran, former employees of MicroVention (“defendants”), from using, disclosing, or possessing any MicroVention trade secret information or confidential information and requiring that they undergo certain trade secret remediation protocols to remedy the harm to MicroVention.

MicroVention sued the defendants for Trade Secret Misappropriation and Breach of Contract among other claims in 2020 related to defendants’ unlawful misappropriation of MicroVention’s trade secrets related to its embolic coils system, access catheters and guidewires used to treat aneurysms. In addition t ... Read more »

(BUSINESS WIRE)--On a busy Sunday afternoon, in front of a global audience of motorsport enthusiasts, The Indy Autonomous Challenge’s (IAC) self-driving AV-24 racecar set the record for the fastest autonomous Hillclimb at the Festival of Speed. The AV-24 is piloted by an AI Driver developed by Team PoliMOVE-MSU (Politecnico di Milano and Michigan State University).

The AV-24 performed a series of three runs during the iconic festival. The record was broken during their third and final run up the Goodwood Hill where the racecar reached a top speed of 111.2 mph (179 kph) and a finish time of 66.37 secs. The record-setting run can be watched here. The previous record has been held by Roborace since 2019 when their “DevBot 2.0” autonomous car clocked a 66.96 sec time at a top speed of 101.16 mph (162.8 kph).

Goodwood is known for its unforgiving narrow course, lined with hay bells and limited run-off space. Attempting an autonomous hill climb at the Fes ... Read more »