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Denver Ventures Launches, Announces New $20M Fund I to Invest in Early-Stage Leaders With Founder DNA

Wed, 06/04/2025 - 11:43
DENVER--(BUSINESS WIRE)--Denver Ventures, a cornerstone of Colorado’s startup ecosystem, today announced its launch with the successful close of its first dedicated seed fund, Denver Ventures Seed Fund I, oversubscribing the target raise with over $20 million in capital commitments. The new investment platform builds on the foundation established by Denver Angels, the original investment group, and currently manages over $60 million in assets across multiple investment vehicles. Denver Ventures

Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb

Wed, 06/04/2025 - 11:43
NEW YORK--(BUSINESS WIRE)--Bloomberg today announced the availability of Similarweb’s web traffic data on the Bloomberg Terminal via {ALTD<GO>}, significantly enhancing its alternative data offering with near real-time insights into online traffic performance that will grow to cover 3,000 public and private companies. Complementing existing alternative datasets on Bloomberg’s Alternative Data Analytics Platform, which include consumer transaction data analytics from Bloomberg Second Measu

D.A. Davidson &amp; Co. Acts as Exclusive Strategic and Financial Advisor to Delta Data on Their Sale to BetaNXT

Wed, 06/04/2025 - 11:43
NEW YORK--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as the exclusive financial and strategic advisor to Delta Data, a provider of operational software solutions tailored for fund distributors, asset managers, and transfer agents, on their sale to BetaNXT, a provider of wealth management technology solutions backed by Clearlake Capital Group and Motive Partners. “We’re grateful to Terminus Capital Partners for their steadfast support and strategic insight over the p

Save A Lot Releases 2024 Social Impact Report

Wed, 06/04/2025 - 11:43
ST. LOUIS--(BUSINESS WIRE)--Save A Lot, one of the largest discount grocery chains in the U.S., today announced the release of the A Lot of Good Report 2024, a social impact overview detailing the company’s work to drive continued value for stakeholders. The report offers a snapshot of key initiatives, programs and stories that highlight the 48-year-old company’s progress in creating a positive impact for Team Members, Retail Partners, customers and communities. “From our founding in 1977, Save

AM Best Upgrades Issuer Credit Rating of Associated Electric &amp; Gas Insurance Services Limited

Wed, 06/04/2025 - 11:43
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Associated Electric & Gas Insurance Services Limited (AEGIS) (Hamilton, Bermuda). The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. The Credit Ratings (ratings) reflect AEGIS’ balance sheet strength, which AM Best ass

Top Restructuring Lawyers Kyle Ortiz and Brian Shaughnessy Join Herbert Smith Freehills Kramer in New York

Wed, 06/04/2025 - 11:43
NEW YORK--(BUSINESS WIRE)--Herbert Smith Freehills Kramer announced today that leading restructuring attorneys Kyle J. Ortiz and Brian F. Shaughnessy have joined the firm as partners in its Bankruptcy and Restructuring Group. Ortiz and Shaughnessy advise debtors, creditors, and other parties in interest in complex restructurings both in and out of court. On June 1, 2025, Kramer Levin officially combined with Herbert Smith Freehills to become Herbert Smith Freehills Kramer, known as HSF Kramer.

AM Best to Sponsor and Participate at PAMIC’s 2025 Leadership Symposium

Wed, 06/04/2025 - 11:43
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will sponsor and participate in the Pennsylvania Association of Mutual Insurance Companies’ (PAMIC) 2025 Leadership Symposium, which will be held June 17-18, 2025, at the Omni Bedford Springs Resort, in Bedford, PA. AM Best Director Joseph Burtone will present AM Best’s perspective on the state of the insurance industry on Wednesday, June 18, titled, "State of the Market" at 10:00 a.m. (EDT). During the session, Burtone will provide an overview with an em

Firefly Health Drives Virtual Care Quality as First National Primary Care Practice to Achieve NCQA Accreditation

Wed, 06/04/2025 - 11:43
WATERTOWN, Mass.--(BUSINESS WIRE)--Firefly Health is the first national primary care practice to earn NCQA Virtual Care Accreditation, setting a new standard for quality.

Merchant Welcomes Rich Policastro as Managing Director to Advance Growing Network of Essential Advisor Services

Wed, 06/04/2025 - 11:43
NEW YORK--(BUSINESS WIRE)--Rich’s addition reinforces Merchant’s ongoing evolution from a minority investor to a Lifecycle Equity Partner.

Legion’s 2025 State of the North American Hourly Workforce Report: Employers Must Correct Efficiency Drains Amid Economic Uncertainty

Wed, 06/04/2025 - 11:43
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Legion Technologies, an innovator in workforce management, today released the 2025 edition of its annual State of the North American Hourly Workforce Report. The report, which surveyed over 750 managers and over 1,200 hourly workers, comes as businesses reliant on hourly labor face heavy tariffs, supply chain instability, and tanking consumer demand. These pressures have exposed the shaky foundations of companies’ hourly labor strategies, revealing a dire

CACI to Participate in 2025 Wells Fargo Industrials and Materials Conference

Wed, 06/04/2025 - 11:43
RESTON, Va.--(BUSINESS WIRE)--CACI to Participate in 2025 Wells Fargo Industrials and Materials Conference

Arden Expands Executive Team with Two Industry Leaders

Wed, 06/04/2025 - 11:43
GLENDALE, Calif.--(BUSINESS WIRE)--Arden Insurance Services LLC (“Arden” or the “Company”), a high-growth, tech-enabled managing general agency (MGA), today announced the addition of Tim Henry as chief operating officer and Brian Sheekey as chief financial officer. Tim brings to Arden deep expertise in product management, operational performance improvement, and strategy execution. Most recently, he served as senior vice president and head of property product at Farmers Insurance, where he led

The “Retail Revolution” Will Drive 50%+ of Private Market Flows by 2027 – State Street Private Markets Survey

Wed, 06/04/2025 - 11:43
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today launched its global Private Markets Survey Report “The New Private Markets Advantage”. Among the key takeaways, Institutional investors are anticipating a significant uptick in retail allocations to private markets in the next two years, with retail investors set to become the main source of private market fundraising in this period, according to the latest iteration of State Street’s private markets research. 1 The survey of 5

CLARA Analytics Expands AI Platform to Combat Bad Faith Claims and Social Inflation

Wed, 06/04/2025 - 11:43
SUNNYVALE, Calif.--(BUSINESS WIRE)-- #AI--Claims DocIntel Pro's dynamic medical summaries and enhanced legal demand analytics optimize outcomes and help to prevent costly nuclear verdicts.

Partners Group to acquire PowerTransitions, a utility-scale power developer in the US

Wed, 06/04/2025 - 11:43
DENVER--(BUSINESS WIRE)--Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to acquire PowerTransitions (or “the Company”), a utility-scale power developer in the US, from EnCap Investments. Partners Group plans to invest over USD 450 million of capital to accelerate the Company’s future growth. PowerTransitions acquires and redevelops legacy or retiring thermal power assets with existing grid connections that can be enha

Andersen Consulting Adds Dimension with David and Golyat

Wed, 06/04/2025 - 11:43
SAN FRANCISCO--(BUSINESS WIRE)-- #DavidandGolyat--Andersen Consulting deepens its global consulting capabilities through a Collaboration Agreement with David and Golyat.

JAMS Expands ADR Leadership With New Labor Arbitration Practice and Labor Rules

Wed, 06/04/2025 - 11:43
IRVINE, Calif.--(BUSINESS WIRE)--JAMS Expands ADR Leadership With New Labor Arbitration Practice and Labor Rules

Vivrelle Closes $62M Series C, Accelerating Business Growth and Innovation

Wed, 06/04/2025 - 11:43
NEW YORK--(BUSINESS WIRE)--Vivrelle, the first-of-its-kind luxury accessories membership club, today announced the close of a $62 million Series C funding round from Protagonist. This milestone investment marks a significant step forward in Vivrelle’s continued growth, empowering the brand to further integrate fashion and technology while redefining how today’s consumers experience luxury. “Since founding Vivrelle in 2018, we’ve remained committed to providing our members with unparalleled acce

Paychex Launches New Experience for Accountants

Wed, 06/04/2025 - 11:43
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., an industry-leading human capital management (HCM) company, has introduced a new portal designed to provide accountants with quick access to critical client data, reporting, and insights for their business clients that use Paychex Flex®. Paychex Partner Pro redefines the way accountants can manage a book of business by providing proactive insights in a centralized view to help streamline workflows and strengthen client advisory services (CAS). “P

Glass Lewis Recommends Shareholders Support Deep Track’s Case for Board Change at Dynavax Technologies

Wed, 06/04/2025 - 11:43
GREENWICH, Conn.--(BUSINESS WIRE)--Deep Track Capital, LP, (together with its affiliates, “Deep Track” or “we”), one of the largest shareholders of Dynavax Technologies Corporation (NASDAQ: DVAX) (“Dynavax”, “DVAX” or the “Company”), with ownership of approximately 14.82% of the Company’s outstanding shares, today announced that leading independent proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended shareholders support boardroom change by voting for the election of Deep

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