WhiteFox CEO, Luke Fox, Named to Forbes 2019 "30 Under 30" List
/We at Frontier congratulate Luke Fox, and wholeheartedly agree that as founder and CEO of Whitefox, he is deserving of this wonderful, and well-earned recognition!!!
Schneider Electric Ups Innovation Drive Via $565M Venture Capital Funding Outfit (QMerit)
/Global energy management and automation solutions provider Schneider Electric (EPA:SU) has formally launched its own dedicated venture capital funding outfit.
Initial noises about the move appeared on investors' and analysts' radars in October when the Rueil-Malmaison, France-headquartered company led a $18 million financing for Sense, a developer of home energy monitoring systems.
Announcing the move at its Innovation Summit in Atlanta, U.S. on Tuesday (November 13), Schneider Electric said the dedicated VC funding unit will boost its innovation ecosystem and nurture "tomorrow’s transformational and disruptive innovations."
The unit – 'Schneider Electric Ventures' – will have up to €500 million ($565 million) of dry powder to invest in incubation projects, partnerships with entrepreneurs, and specialized funds, and would "welcome ideas" from innovators and entrepreneurs eager to turn their concepts into reality.
The Sense equity raise might well have caught the public's eye, but Schneider Electric's Chairman and CEO Jean-Pascal Tricoire told your correspondent that his company's VC foray is already well underway with five other equity investments.
These include – Element Analytics (industrial big data analytics firm), Habiteo (3D specialist for new residential housing), QMerit (dubbed the "Uber" for contractors and Maintenance, Repair and Operating spend), KGS, (predictive engine for "just-in-time" maintenance) and Claroty (Cybersecurity company for industrial operational technology networks).
Pay equity tech startup Syndio names Smartsheet co-founder Maria Colacurcio as CEO, lands $5M in funding
/Syndio, a startup whose technology uses data to help companies identify and resolve pay equity gaps for women and minority employees, has landed Smartsheet co-founder Maria Colacurcio as its new CEO.
The nine-person company is mostly based in New York, but with Colacurcio joining as CEO, Syndio plans to build up a Seattle presence.
Colacurcio spent time at Microsoft before co-founding Smartsheet and serving as vice president of marketing and communications. For the last three years, Colacurcio has been at Starbucks, where she held several titles, most recently director of business integration.
DailyPay Joins ADP Marketplace to Equip Workers with Instant Access to Earned Wages
/DailyPay, the pioneer of instant access to earned wages, is now available to ADP customers via the ADP Marketplace through a turnkey integration. ADP customers across the nation can now offer the daily pay benefit to their workforce, improve financial security and benefit from improved employee retention.
Through the ADP Marketplace integration, employers offer a fully comprehensive daily pay solution that adheres to all wage deductions and tax withholding laws. Employers’ current payroll process, including the timing of payroll funds, does not change.
21c Museum Hotel is a contemporary art museum and hotel chain and longtime ADP customer. Given the multiple states it operates in and its ambitious growth strategy, the company required a solution that was turnkey and adhered to wage deductions and tax withholding laws.
SilverVue, Mingle Analytics merge to form Mingle Health, to help providers toward value-based care
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Care management software company SilverVue and software-enabled Medicare quality reporting consultancy Mingle Analytics have merged to form Mingle Health, a new company that will combine the strengths of the two firms.
SilverVue currently offers a suite of tools that deal with transitions of care, post-acute care, and practice performance. Both companies work with all kinds of providers, but provide unique value for private practitioners and smaller hospitals.
“As we’re out there trying to expand and work with the little guy, work with the physicians’ practices, there was nobody better than Mingle Analytics in helping them have that relationship with their clients,” SilverVue founder Will West, who will serve as CEO at Mingle Health, told MobiHealthNews. “Their net promoter scores were completely off the charts, they do outstanding work for every client of every size at a price that every client can afford. So we were immediately drawn to partnering with them, and that was the first thought. But what became increasingly clear was if we put these two product lines together we had an opportunity to do something truly special for physician practices, with a bundle and a platform that they haven’t seen before.”