Apexon | February 17, 2022
Technosoft Corporation, doing business as Apexon (“Apexon”), and Infostretch Corporation (“Infostretch”) announced that they have signed a definitive agreement to merge the two companies. As part of the combined organization, Apexon will join a family of portfolio companies of the Goldman Sachs Asset Management Private Equity business and of Everstone Group. Closing is subject to certain conditions, including regulatory approvals.The combined organization will have the expertise and resources to serve its enterprise clients across digital product and platform engineering, data engineering and analytics, native cloud engineering, customer experience design, and artificial intelligence and machine learning. With 8,000+ employees around the globe, the company is well-positioned to help its clients formulate and execute on their digital journey efforts.
After closing, the combined company will be led by Executive Chair Sumithra Gomatam and Chief Executive Officer Sriniketh Chakravarthi. The two bring over 50 years of experience in the digital IT services industry with former leadership positions in world-class organizations such as Cognizant and Tech Mahindra.
The two co-founders of Infostretch – Chief Executive Officer Rutesh Shah and Chief Operating Officer Manish Mathuria – will join the Board of Directors as Vice Chairmen. Radhakrishnan Gurusamy, founder and current Chairman of Apexon, will also join the Board of Directors.
“The need for digital expertise continues to grow as organizations look for new ways to apply the latest technologies to drive their businesses forward, Through the merger with Apexon, we can offer new solutions and enhance the impact of our clients’ strategic digital initiatives in order to deliver on their critical business objectives. The Apexon team brings both scale and maturity and positions the company for long-term partnerships with our clients.”
-Rutesh Shah, co-founder of Infostretch.
Combining Apexon’s ability to incorporate the human element into the digital experience with Infostretch’s digital engineering depth creates a truly unique value for our client base,” said Radhakrishnan, founder of Apexon. “We are excited to be part of the Goldman Sachs Private Equity and Everstone Group portfolios. Together we can help our customers fully leverage digital capabilities to reinvent the way they engage with their customers and enable real competitive differentiation.
Apexon is a digital technology services and platform solutions company that partners with clients to improve their digital experience and insight. With more than 25 years of experience, 5,000+ digital experts in more than 10 offices worldwide are helping companies enhance their digital experience with their customers. Apexon works in the areas of digital experience, analytics, artificial intelligence, and cloud development to unlock the power of technology for our clients to empower humans with intelligent and experiential solutions. https://www.apexon.com/
Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. Infostretch leverages deep technical expertise, Agile methodologies, and data-driven intelligence to modernize systems of engagement and simplify human-tech interaction. Infostretch delivers custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Backed by the Private Equity business within Goldman Sachs Asset Management and Everstone Group, Infostretch works with both large enterprises and emerging innovators — putting digital to work to enable new products and business models, engage with customers in new ways, and create sustainable competitive differentiation. https://www.infostretch.com/
Construction Partners, Inc | November 03, 2020
Construction Partners, Inc. (NASDAQ: ROAD) (the "Company" or "Construction Partners"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has acquired Rose Brothers Paving Company, Inc., an asphalt and paving contractor based in Ahoskie, North Carolina. The transaction adds six hot-mix asphalt plants in eastern North Carolina, providing the Company with access to additional markets and expanding its footprint in the state. The Company expects to continue to operate under the name "Rose Brothers Paving Company" in certain of the acquired markets."This transaction represents an important strategic step for our organization as we expand into new North Carolina markets," said Fred J. (Jule) Smith, III, Chief Operating Officer of Construction Partners. "We welcome our new team members and look forward to a bright future in these market areas under the continuing leadership of Tim Rose and his team."Smith continued, "We are bullish on the North Carolina market and believe that long-term demographic trends and recent transportation funding initiatives are creating tailwinds for infrastructure and economic development in the state. As a result of the Rose Brothers transaction and our previously announced acquisition of Riley Paving, Inc. in October, we now have 15 hot-mix asphalt plants strategically located throughout North Carolina and 45 hot-mix asphalt plants company-wide."
Edge Impulse, | May 19, 2021
Edge Impulse, the world's leading development platform for machine learning (ML) on edge devices, announced today the completion of a $15 million Series A investment round led by Canaan Partners, with participation from Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory. This funding will help the company achieve its goal of democratizing machine learning for millions of developers and engineers working on billions of edge devices.
Due to power, bandwidth, and cost constraints, 99% of sensor data is currently unused. Edge Impulse allows this data to be analyzed effectively using edge-optimized machine learning, resulting in smarter products and enhanced privacy. Developers and engineers will use the Edge Impulse framework to build useful datasets, then quickly develop and deploy custom machine learning models to any edge system, from battery-powered sensors to Linux-based GPUs capable of operating actuating pneumatics and robotic arms.
With a growing list of silicon partners including Arm, Nordic Semiconductor, NVIDIA, Silicon Labs, STMicroelectronics, Microchip, Arduino, Raspberry Pi, Himax, and Eta Compute, the company's platform is trusted by thousands of developers and businesses looking to utilize sensor data to bring intelligence to the next generation of smart devices. To date, the platform has produced over 23,000 projects and 26 million branded data samples across a variety of verticals, including industrial, infrastructure, wearables, and wildlife conservation, with a global developer group on track to hit 100,000 by 2022.
Machine learning allows for a data-driven engineering approach to solving problems that can have an impact in all industries. Using machine learning for data-driven engineering in the Internet of Things will not only create better systems but will also give life to a whole new class of experiences. Surprisingly, thanks to platforms like Edge Impulse, it would become a lot easier to modify, upgrade, and handle. IoT will eventually live up to its original goals and turn consumer products, automotive, agriculture, and engineering from the ground up, thanks to smarter brains and learning capabilities on devices.
About Edge Impulse
Edge Impulse is the leading embedded machine learning software platform, with over 23,000 ML projects in use around the world. We're on a journey to have the best machine learning development experience on edge devices for sensors, audio, and computer vision at scale. We make highly optimized ML deployable to a wide range of hardware from MCUs to CPUs, from getting started in under five minutes to MLOps in production.