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Recurly Announces Strategic Acquisitions of Redfast and Prive to Accelerate the Future of Subscription Growth

Wed, 05/07/2025 - 11:29
AUSTIN, Texas--(BUSINESS WIRE)--Recurly, a leading subscription management platform, announced today – fresh off being named Best Subscription Management Platform by 2025 SubSummit – that it has acquired the Shopify-first subscription platform Prive and subscriber engagement personalization tool Redfast. With these additions, Recurly becomes the first and only subscription management suite to fully integrate billing, payments, analytics, real-time subscriber engagement, and ecommerce subscripti

Marchex to Report First Quarter 2025 Financial Results on Tuesday, May 13, 2025

Wed, 05/07/2025 - 11:29
SEATTLE--(BUSINESS WIRE)-- #AIsolutions--Marchex (NASDAQ: MCHX), which harnesses the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, today announced that it will release financial results for the first quarter ended March 31, 2025, on May 13, 2025, at approximately 4:20 p.m. ET. At that time, Marchex will post the press release in the Press Center section of its corporate website (https://www.marchex.com/about-us/press/). Following the release, management

Province Diversifies Client Service Offering With Strategic Acquisition of O’Keefe

Wed, 05/07/2025 - 11:29
LAS VEGAS--(BUSINESS WIRE)--Province, a leading and internationally recognized restructuring and financial advisory firm, today announced the strategic acquisition of O’Keefe, a Michigan-based advisory firm specializing in litigation risk management, forensic accounting, capital advisory, and turnaround solutions services. Terms of the transaction were not disclosed. The combination of Province’s suite of multi-disciplinary services and O’Keefe’s targeted litigation advisory expertise, strong p

The Hartford To Host Virtual Annual Meeting Of Shareholders On May 21

Wed, 05/07/2025 - 11:29
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford will host a virtual annual meeting of shareholders at 12:30 p.m. EDT on Wednesday, May 21. Shareholders of record at the close of business on March 24, 2025, or their legal proxy holders, are entitled to attend the meeting, vote shares and submit questions at www.virtualshareholdermeeting.com/HIG2025. To be admitted, shareholders must enter the 16-digit control number found on the proxy card, voter instruction form or notice that they previously re

Majesco and Vertex Announce Partnership to Deliver Advanced Tax Solutions for Disability Claims and Absence Management

Wed, 05/07/2025 - 11:29
MORRISTOWN, N.J.--(BUSINESS WIRE)-- #futureforecast--Majesco, a global leader in cloud insurance software solutions, is excited to announce a partnership with Vertex Inc., a global provider of indirect tax technology solutions. This partnership introduces the Majesco ClaimVantage solution utilizing Vertex tax expertise, delivering a transformative tax solution designed to empower customers with a comprehensive, seamless, and automated tax calculation solution for disability claims and absence management. Since 1

Nodal Exchange Achieves New Records in All Markets in April

Wed, 05/07/2025 - 11:29
WASHINGTON--(BUSINESS WIRE)--Nodal Exchange announced today new records in power, natural gas, and environmental futures trading.

Vivo Capital Closes Its Public Fund with Commitments of Over $740 Million

Wed, 05/07/2025 - 11:29
PALO ALTO, Calif.--(BUSINESS WIRE)--Vivo Capital (“Vivo” or “the Firm”), a leading global investment firm focused exclusively on healthcare and life sciences, has closed the third cycle of its Vivo Opportunity Fund and its affiliates (the “Public Fund”) with over $740 million in commitments. The Public Fund invests in preclinical and clinical stage life sciences businesses that are developing or commercializing novel therapies for unmet medical needs. Vivo Opportunity Fund is an evergreen fund

Financial Anxiety at an All-Time High as Americans Struggle With Access to Care

Wed, 05/07/2025 - 11:29
SAN FRANCISCO--(BUSINESS WIRE)--Survey from Doctor On Demand by Included Health shows financial anxiety is at an all-time high, with most Americans feeling its toll on mental health.

KlariVis Expands Sales Team to Meet Growing Demand from Community Banks

Wed, 05/07/2025 - 11:29
ROANOKE, Va.--(BUSINESS WIRE)--KlariVis, a leading provider of data analytics solutions for financial institutions, is expanding its sales team to meet the increasing demand for simplified, actionable data insights among community banks nationwide. To support this growth, the company has welcomed six new Sales Executives—Graham Waldrop, Meaghan Kincaid, Heather Knight, Martin Horak, Nathan Neblung and Taylor Hamm—who will strengthen KlariVis’ presence across the U.S. “The demand for KlariVis co

Majority of public sector workers need help determining how much to save for retirement, a new MissionSquare Research Institute report finds

Wed, 05/07/2025 - 11:29
WASHINGTON--(BUSINESS WIRE)--A new research report from MissionSquare Research Institute reveals that a majority of public sector employees surveyed, particularly those in education, public safety, and health and human services, lack the guidance they need to confidently prepare for retirement. According to the report, “Addressing Retirement Security Concerns of Employees in State and Local Government by Occupation,” a majority (60%) of surveyed employees indicate they need more support in unde

BuzzFeed, Inc. Reports Q1 2025 Results and Continues to Advance High-Margin Revenue Lines and Strategy for Long-Term Growth

Wed, 05/07/2025 - 11:29
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced its financial results for the quarter ended March 31, 2025. The Company continued to execute on its strategy to improve profitability, expand scalable, high-margin revenue streams, and invest in future-oriented innovation. “This quarter reflects the strength of our core publishing business and the momentum we’re building with AI-assisted tools,” said Jonah Peretti, BuzzFeed Founder and CEO. “E

Awayday Announces Strategic Investment by Ares Management and LightBay Capital

Wed, 05/07/2025 - 11:29
DESTIN, Fla.--(BUSINESS WIRE)--Awayday (the “Company”), a leading full-service U.S. vacation rental property manager, today announced a strategic investment made by an Ares Management Private Equity fund (“Ares”). The existing financial sponsor, LightBay Capital (“LightBay”), a Los Angeles-based growth-focused private equity firm, fully realized its investment in Fund I and re-invested in the Company alongside Ares in Fund II. Terms of the investment were not disclosed. Awayday is a leading pro

Prudential Fosters Advancement of Fintech Research by Joining CRAFT Industry Board at Stevens Institute of Technology

Wed, 05/07/2025 - 11:29
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today it has joined the Industry Advisory Board of the Center for Research toward Advancing Financial Technologies (CRAFT) at Stevens Institute of Technology. As a board member, Prudential will partner with leading research universities, including Rensselaer Polytechnic Institute and the University of Connecticut, to address the opportunities and challenges in financial technology. With its focus on expanding access

HG Vora Commences Lawsuit Against PENN Entertainment to Preserve the Fundamental Right of Shareholders to Elect All Three of Its Highly Qualified Independent Directors

Wed, 05/07/2025 - 08:29
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today filed a complaint in the United States District Court for the Eastern District of Pennsylvania (the “Court”) against PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) and its Board of Directors (the “Board”). The complaint alleges that PENN violated Pennsylvania’s Business Corporation Law and the Board breached its fiduciary duties when it reduced the number of seats up for

BizCap® Delivers Multi-Million Dollar Financing to Cerebelly, Producer of Organic Baby and Toddler Food

Wed, 05/07/2025 - 08:29
SAN FRANCISCO--(BUSINESS WIRE)-- #commercial--BizCap®, a national commercial finance and advisory firm, today announced that it has successfully structured and secured a comprehensive financing package for Cerebelly, a leading producer of organic, nutrient-rich baby and toddler food formulated to support brain development. The financing will empower the company to invest in inventory and strengthen working capital, accelerating its long-term growth plan. “BizCap didn’t come in with a one-size-fits-all soluti

Santander US Auto Business Wins 2025 FICO Decisions Award for Machine Learning Credit Risk Analysis

Wed, 05/07/2025 - 08:29
HOLLYWOOD, Fla.--(BUSINESS WIRE)---- $FICO--FICO World 25 – FICO (NYSE: FICO): Highlights: The Santander US Auto business uses FICO® Platform to enhance the use of machine learning capabilities to support credit risk analysis. FICO Platform enables Santander US Auto to build an analytical framework for creating reusable, efficient systems that reduce development time. The Santander US Auto business has won a 2025 FICO® Decisions Award for category AI, Machine Learning & Optimization. At its FICO® Wor

Pathward CEO Brett Pharr Honored as Silver Stevie® Award Winner in 2025 American Business Awards®

Wed, 05/07/2025 - 08:29
FRANKLIN, Tenn.--(BUSINESS WIRE)--Pathward®, N.A., a national bank focused on financial access, today announced that Chief Executive Officer Brett Pharr has been named the winner of a Silver Stevie® Award for Maverick of the Year in the Business Services Industries category in the 23rd Annual American Business Awards®. The Maverick of the Year award recognizes an executive or manager who has affected the most positive change on his or her company and/or industry since the beginning of 2023. The

Industrial Thermal Services Expands National Reach with Acquisition of On-Site Stress Relieving Services

Wed, 05/07/2025 - 08:29
NEDERLAND, Texas--(BUSINESS WIRE)--Industrial Thermal Services (ITS), a leading provider of industrial heat treatment and specialty services, has acquired On-Site Stress Relieving Services (OSR), a regional expert in post-weld heat treating (PWHT) and stress relieving. Carriage Hill acted as advisor to Industrial Thermal Services on the transaction. Supported by Amberjack Capital Partners, the acquisition strengthens ITS’s national footprint, adding OSR’s locations in Tulsa, OK; Houston, TX; an

Encore Enterprises Acquires Grocery-Anchored Retail Centers in Chicago and Rhode Island, Growing Commercial Portfolio to 26 Properties, 1.41 Million Square Feet

Wed, 05/07/2025 - 08:29
DALLAS--(BUSINESS WIRE)--Encore Enterprises, Inc. (Encore) today announced the acquisition of two grocery-anchored retail shopping centers – Northpoint Center in Arlington Heights, Ill., and Cowesett Corners in Warwick, R.I., on April 24, 2025. The retail centers were acquired through a new co-general partnership with AmCap Management Holdings LLC (AmCap), a wholly owned subsidiary of AmCap Management LLC. “The grocery-anchored retail sector continues to demonstrate resilience over prior years,

Global Indemnity Group, LLC Reports First Quarter 2025 Results

Wed, 05/07/2025 - 08:29
WILMINGTON, Del.--(BUSINESS WIRE)--Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported a net loss available to common shareholders of $4.1 million or ($0.30) per share for the three months ended March 31, 2025 which includes net loss attributed to California Wildfire events in January 2025 (“California Wildfires”) of $12.2 million after tax. Highlights of Consolidated Results for the Three Months Ended March 31, 2025 Excluding California Wildfires, net income available to com

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