News from 2023


Mission for Area People: 'Forge has supported MAP a great deal with collections throughout the year'

Mission for Area People (MAP), a Michigan-based non-profit faith agency, has expressed gratitude towards Forge Industrial Staffing company for its consistent support. MAP, which aids the poor, low-income and homeless in Muskegon and Holland, acknowledged Forge's specific contributions to its Teen Town Christmas event. This appreciation was publicly shared on Dec. 14 via a Facebook post.

Flying Food Group team at Newark Liberty International Airport gives back to community through inaugural Adopt an Angel program

In a philanthropic gesture this holiday season, the airline catering facility Flying Food Group (FFG) at Newark Liberty International Airport (EWR). This marked the first time the EWR team participated in the initiative, with the aim of bringing smiles to the faces of children receiving special gifts.

BECO Holding, H.I.G. Capital portfolio, completes two strategic acquisitions

H.I.G. Capital has announced that BECO Holding Company (BHC) has completed the acquisitions of Electronic Supply Company ("ESC") and Grease Lock. The acquisitions will support the growth initiatives of both companies and leverage commercial synergies.

H.I.G. Growth concludes sale of Just Home Healthcare Services

H.I.G. Capital, a leading global private equity investment firm, has announced that its growth capital investment affiliate, H.I.G. Growth Partners, has completed the sale of its portfolio company, Just Home Healthcare Services (JHC). Lincoln International LLC and Edgemont Partners provided financial advisory services for these transactions while McDermott Will & Emery LLP served as legal counsel to JHC.

H.I.G. Capital acquires Mainline

H.I.G. Capital has announced that its affiliates have completed the acquisition of Mainline Information Systems. The process saw H.I.G. receive advisory services from Guggenheim Securities LLC, UBS, and Latham & Watkins LLP, while Mainline Information Systems sought advice from Highlander Advisors and King & Spalding.

Thoma Bravo to invest in BlueMatrix

Thoma Bravo has confirmed its strategic growth investment in BlueMatrix, a leading platform for investment research providers, through a definitive agreement. The finalization of this transaction hinges on regulatory approvals and standard closing conditions.

CFTC Chair classifies most crypto tokens as commodities

Rostin Behnam, Chair of the Commodity Futures Trading Commission (CFTC), has expressed his belief that most digital assets should be classified as commodities rather than securities. His comments were made during an appearance on CNBC's "Squawk Box" on Dec. 12.

Imprivata undergoes leadership transition

Thoma Bravo has announced a leadership transition at Imprivata, with the current CEO, Gus Malezis, moving to a new role as a strategic advisor to the company. Fran Rosch has been appointed as the new CEO.

Wells Fargo appoints new head of philanthropy and community impact

Wells Fargo has recently announced the appointment of Darlene Goins as the head of Philanthropy and Community Impact, and president of the Wells Fargo Foundation. In her previous role, Goins served as the head of Diverse Customer Segments within Wells Fargo’s Consumer, Small & Business Banking division, where she focused on addressing the needs of diverse customers through customer feedback, analytics, and insights.

Bank of America report shows fewer homebuyers willing to wait for a better market

Bank of America's Homebuyer Insights Report indicates a shift in the preferences of prospective homebuyers. The report shows that 62% of individuals are currently willing to wait for prices and/or rates to fall before purchasing a home. This marks a decrease from the 85% reported just six months ago.

Citi bolsters payments innovation with investment in icon solutions

Citi has revealed that its Treasury and Trade Solutions (TTS) division has invested in Icon Solutions, a leading fintech provider known for its expertise in payments technology and consultancy services. This investment signifies Citi's plan to further incorporate the Icon Payments Framework (IPF) into its micro-services orchestration architecture.

Wells Fargo CIB names new co-head for Equity Capital Markets

Wells Fargo & Company has announced the appointment of Clay Hale as the new co-head of Equity Capital Markets (ECM) within the Banking division of its Corporate & Investment Bank. The company made this appointment following Hale's recent role as the global head of Consumer & Retail (C&R) Banking, Capital Markets, and Advisory at Citigroup.

Salesforce has a record breaking Cyber Week

Salesforce, a cloud-based customer relationship management (CRM) platform offering a variety of tools and services for businesses to manage and analyze customer interactions and data, has reported $298 billion in global digital sales and $51 billion in AI-influenced purchases as of November 28th. The report highlights the significant impact of digital sales during the holiday shopping season.

CompTIA is inducted into the National Cyber Security Hall of Fame

CompTIA has been inducted for its efforts for encouraging people to find their potential and building confidence to work in tech and cybersecurity. This honor is given by the National Cyber Security Hall of Fame, recognizing CompTIA's contribution to the field.

Boehringer Ingelheim and IBM team up to help better generative AI and foundation models

This cooperation allows Boehringer Ingelheim to use IBM's foundation model technologies to help discover new antibodies for developing better therapeutics. The collaboration was officially announced on November 28th.

Cisco launches new business performance insight and visibility for modern applications on AWS

Cisco's launch of new business performance insight allows customers to protect revenue, improve digital experiences and manage brand reputation due to business metrics for Cisco Cloud Observability. This new feature, integrated with AWS cloud services, is designed to help businesses increase efficiency in decision-making and prioritization.

IRS announced Illinois residents affected by storms and flooding have until February 2024 to file tax returns and make payments

Some Illinois residents that reside or have a business in Cook County qualify for tax relief following a disaster declaration from the Federal Emergency Management Agency. This relief, initiated by a federal order, is set to provide specific assistance measures for both individual taxpayers and businesses affected by the disaster.

CME Group sets record with over 21 million contracts in US Treasury futures open interest

CME Group has announced a milestone with open interest in its highly liquid U.S. Treasury futures reaching a new peak of 21,428,757 contracts. These U.S. Treasury futures, benefiting from margin offsets against CME Group's existing Interest Rate products, adhere to the rules of CBOT and are listed accordingly. This significant achievement marks a major development in the financial markets.

Former US Border Patrol agent: 'Fake identification is widespread'

A former U.S. Border Patrol agent has alleged that cartels use fake documentation to smuggle illegal aliens into the United States, where they then secure employment using these counterfeit IDs. This issue poses a challenge for U.S. businesses, which are unable to verify the authenticity of these documents and thus run the risk of facing legal action from the Department of Labor for employing underage workers.

Yael Schiff is promoted to vice president of Bessemer Venture Partners

Yael previously worked as a consultant at McKinsey and Company and as Director of Expansion at Via Transportation but has been promoted to vice president of Bessemer Venture Partners. Yael's promotion came due to her significant contributions to the company and the wider tech ecosystem.