Day: August 1, 2022

Construction Industry

Foresite Technology Solutions Partners with Lilt to Break

The partnership will integrate Lilt’s translation capabilities into Foresite’s offering

COSTA MESA, Calif., July 25, 2022 /PRNewswire/ — Foresite Technology Solutions, LLC, a Software-as-a-Service (SaaS) construction company, today announced a partnership with Lilt, the leading global experience platform, to integrate multilingual content into Foresite’s platform for increased accessibility and improved Foresite user experience.

With this new capability, Foresite seeks to eliminate the barriers that foreign language can have in communication-based safety issues in construction. A 2019 report from the American Council on the Teaching of Foreign Languages highlights the importance of multilingual capabilities in construction, reporting that 42% of construction industry employers rely heavily on employees for whom English is a second or third language.

Foresite solves some of the biggest challenges builders and trade contractors face, including increasing productivity, safety, and efficiency at the jobsite, while supporting upskilling of the labor force with learning in the flow of work. With the integration of Lilt, Foresite incorporates cost-effective multilingual content to support its efforts to break down language barriers, an imperative software capability in the construction industry.

“From the start, we envisioned Foresite as the open platform of choice, connecting strategic partners to drive innovation for our customers,” said John Gillett, founder and CEO of Foresite. “Our partnership with Lilt highlights how we use leading technology partners, such as Lilt, to improve the construction industry labor force with multilingual upskilling content. This partnership represents the leading edge of our strategy to reimagine and re-equip the labor force and bring a range of partners to the Foresite ecosystem.”

Lilt leverages experienced human linguists and its AI-powered platform to translate websites, product manuals, compliance materials, technical documentation, e-learning content, and more for their customers, providing end-to-end multilingual support. The Lilt platform utilizes AI and automation to maintain quality and keep

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Software

PE firms complete over $74B in software deals through Q2

Private equity deal activity in the software sector remained strong through the first half of 2022, despite much of the technology space grappling with falling valuations, dropping stock prices and macroeconomic headwinds.

Through Q2 of this year, PE firms have completed 378 deals within the software sector, totaling $74.4 billion, compared to 407 deals totaling $60.6 billion in the same period last year. The second half of 2021 saw a surge in software deals, as the year finished out with $173.1 billion in deals, according to our latest US PE Breakdown.

Unlike many other sectors this year, the software industry has not been hit as hard by rising interest rates, surging inflation and geopolitical tensions, as PE firms look to pounce on falling valuations, according to our report.

PE deals within the information technology software sub-sector have performed notably well, with firms so far completing 256 deals totaling $24.7 billion—accounting for 27.7% of total PE deals across all sectors in the second quarter.
 

 

Analysts expect that IT deal activity will remain strong this year, thanks to PE’s focus on digitalization and technological innovation.

Thoma Bravo completed one of the quarter’s largest software deals with its $2.6 billion acquisition of Bottomline Technologies, a provider of financial technology. Like investments within the IT space, the fintech software sub-sector has been one of the industry’s most popular investment spaces.

PE firms have targeted fintech companies in greater numbers as ecommerce’s dominance has increased the demand for companies that can provide secure and fast digital transactions, according to our report.

Integrum Holdings landed one of the quarter’s largest fintech deals, with its $290 million acquisition of Merchant eSolutions, a fintech payment platform developer, from Cielo.

Featured image by Oselote/Getty Images

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Technology Business

Genoa Ventures Announces Second Fund to Expand Investing in

SAN FRANCISCO–(BUSINESS WIRE)–Genoa Ventures, the pioneering venture firm investing in the convergence of biology and technology, today announced the successful close of $84 million for Genoa Ventures Fund II. The new fund will continue Genoa’s investing focus on startups innovating in markets as diverse as research tools, diagnostics, Agri/Food Bio, and industrial bio. Genoa’s first fund proved this intersection can transform industries and achieve top-tier venture returns – as seen through portfolio company growth and acquisitions, including the acquisition of Intabio by SCIEX in 2021.

Genoa’s oversubscribed fund nearly tripled Fund I raised in 2018 while maintaining the early-stage focus and small incremental investing in Seed and Series A companies. The Genoa philosophy centers on strategic guidance and staged investing to ensure institutional best practices during the earliest stages of a company’s journey, while also promoting portfolio diversity and fund sizes that align with top-tier venture capital returns.

Until Genoa, most venture funds with life sciences expertise invested mainly in therapeutics companies, leaving a gap in the venture capital marketplace for startups that are bio-based but not therapeutics-focused. Jenny Rooke, Ph.D., Genoa’s Founder and Managing Director, believed there was an opportunity to invest in different kinds of companies, leveraging technological advances to solve big biological problems and the advancements of engineered biology to become powerful technologies themselves.

“Early in my career, I realized the potential of convergent product-based companies to create entirely new solutions that are bigger than the sum of their parts, with the potential to transform industries. I saw the limitations of traditional, siloed life science investing and firms’ hyperfocus on drug development companies. The venture community was missing transformative companies outside the traditional biotherapeutic and technology markets with solutions that didn’t fit into existing categories,” said Dr. Rooke.

“We are enormously grateful to our Limited

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Computer Forensics

Amanda Todd case: Crown notes deleted computer bookmark

New Westminster, B.C. –


A hard drive seized from the home of the Dutch man accused of harassing British Columbia teenager Amanda Todd contained a deleted bookmark to child pornography depicting her, a Crown attorney told B.C. Supreme Court on Friday.


Louise Kenworthy told the jury trial of Aydin Coban that previous expert testimony showed Todd’s name and several of the online aliases used to harass her were also found on a second hard drive seized when Dutch police arrested Coban in 2014.


Coban has pleaded not guilty to extortion, harassment, communication with a young person to commit a sexual offence and possessing child pornography.


Kenworthy said she expects to finish the Crown’s closing arguments on Tuesday, when she said she would talk about an online account that was active on a computer just five minutes before police arrested Coban at his home and then seized the device.


She said evidence has shown the account was operated by the same person behind another account, under the guise of a young woman, that harassed Todd.


There was no witness to say, “I saw Aydin Coban typing messages on his computer to Amanda Todd” or that they saw Coban in possession of child pornography depicting the teen, Kenworthy told the jury on Friday.


But his guilt was the only inference the jury could draw from the testimony of more than 30 witnesses and binders full of 80 exhibits, she said.


She took the jury to testimony from a B.C. RCMP expert in digital forensics, who last month told the court about finding a folder bearing Todd’s name that had been deleted from a web browser on one of the seized devices.


The folder had contained links to the profiles of a number of

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Branding

Employer Branding Is the New Marketing Imperative

CMOs and their teams are uniquely well positioned to take a lead role in companies’ efforts to attract and retain both customers and top talent.

Dipanjan Chatterjee, Melissa Bongarzone, and Alex Schanne

Reading Time: 6 min 

Brands are now knee-deep in social and political issues that, until recently, they wouldn’t have touched with a barge pole. Conventional wisdom has it that the increasing number of consumers motivated by social values is goading brands to support the greater social good. While there is some merit to that claim, there is arguably another equally powerful vector of change: the employee. For instance, after much waffling, Disney’s position against the state of Florida’s “Don’t Say Gay” law was spurred on by pressure from its employees.

Employees are not only empowered and agitated; they are restless. More than a third of all employees (41%, according to Forrester’s 2021 Future of Work Survey) expect to look for other opportunities in the next 12 months. As companies face an employee exodus, talent acquisition and retention concerns have burst into the C-suite from the confines of human resources.

Building a brand that attracts and retains talent — employer branding — is at the top of the C-suite agenda and is the most critical priority among CMOs, according to a 2022 Forrester CMO Pulse Survey. “Now is the time,” the CMO at a $28 billion commercial real estate company told us, when “talent is the No. 1 priority among our leaders.”

Marketing’s Next Frontier

Given marketers’ inherent expertise in building brands, there is no group better suited to contribute significantly

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