Bold Penguin continues acquisition spree with RiskGenius

  • Bold Penguin continued its acquisition spree with RiskGenius to further enhance its Software as a Service platform.
  • And this purchase will help the insurtech further enhance its platform.
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The US-based B2B insurtech has entered a definitive agreement to acquire RiskGenius, per a press release; details around the acquisition haven’t been disclosed.

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Bold Penguin acquires insurtech RiskGenius for its its Software as a Service platform.

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RiskGenius has developed document intelligence software along with other data and analytics products, which will become part of Bold Penguin’s existing Software as a Service (SaaS) platform under the acquisition. This marks Bold Penguin’s second acquisition this year, following the purchase of multiquote platform for standard and surplus lines business insurance market xagent.

Bold Penguin provides technology solutions for the $300 billion commercial insurance space—and the latest purchase will help it enhance its platform. Bold Penguin partners with brokers and insurers to make underwriting small commercial policies a viable business.

Its products include a commercial insurance exchange that connects businesses, agents, and carriers to the right quote, as well as an agent terminal that lets agencies quote and bind commercial insurance. Its clients include Nationwide, which teamed up with Bold Penguin to enhance the underwriting of its commercial insurance line. RiskGenius will enhance the fintech’s existing product suite, as it focuses on the renewal stage of the policy lifecycle and leverages AI and machine learning to understand terms of coverage, including policy review, compliance, and emerging risk assessments.

Underwriting policies is becoming increasingly difficult for insurers, as the process is becoming more complex due to emerging risks, like cybercrime. Emerging risks, including cyber threats and disruptive environmental patterns, make

Zynga Closes Acquisition of Istanbul-Based Rollic, a Leader in the Fast-Growing Hyper-Casual Games Business

  • Entry into One of the Largest and Fastest Growing Mobile Game Categories

  • Expands and Diversifies Zynga’s Advertising Business

  • Adds a Highly Talented Team and Extensive Network of External Developers

Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, and Rollic, an Istanbul-based mobile games developer and publisher with an exciting portfolio of popular hyper-casual games that have been downloaded more than 365 million times, announced today that the companies have closed the transaction under which Zynga acquired 80% of Rollic for a total purchase price, including working capital adjustments, of approximately $180 million in cash. Over the next three years, Zynga will acquire the remaining 20% in equal installments at valuations based on specific topline and profitability goals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201002005010/en/

Zynga Closes Acquisition of Istanbul-Based Rollic, a Leader in the Fast-Growing Hyper-Casual Games Business (Photo: Business Wire)

The Rollic acquisition marks Zynga’s entrance into the fast-growing hyper-casual market and brings a highly talented team with a substantial network of external developers to Zynga. Rollic also meaningfully increases Zynga’s audience while growing its advertising business. Rollic will continue to be led by founder and Chief Executive Officer Burak Vardal and its current management team. Additionally, the company plans to maintain its headquarters in Istanbul, Turkey.

“We’re thrilled to welcome Rollic and its incredibly talented team, along with its extensive network of developers, to Zynga,” said Frank Gibeau, Chief Executive Officer of Zynga. “Rollic brings Zynga into the world of hyper-casual, which is one of the most exciting and fastest growing mobile gaming categories. Rollic’s large and diversified audience base will also be valuable for Zynga as the mobile games and advertising landscape continues to grow.”

“We are memorably excited to be joining Zynga, a perfect home for Rollic’s culture

ABB Enhances Portfolio of High-Speed Industrial Robots With Codian Acquisition

Strategic buy builds on industry-leading food and beverage, pharmaceutical and logistics portfolio

ABB has acquired Codian Robotics B.V., a leading provider of delta robots, which are used primarily for high-precision pick and place applications. Codian Robotics’ offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the transaction, ABB is accelerating its engagement in the growing field of delta robots.

Codian Robotics is located in Ede, Netherlands and employs 20 people globally. The company will continue to serve its customers directly. The acquisition was signed and closed on October 1, 2020 and both parties agreed not to disclose any details regarding the purchase price.

“Our acquisition underscores our focus on breakthrough technology, helping our customers to fully realize the potential of automation and increase their flexibility in a rapidly changing business landscape,” said Sami Atiya, President of ABB Robotics & Discrete Automation. “Codian Robotics’ technologies and industry expertise are the perfect addition to our suite of food and beverage, pharmaceutical, service robotics and logistics solutions, while also supporting ABB’s machine-centric robotics offering.”

“Over the years, we have developed an extensive product portfolio. ABB’s impressive global presence and industry expertise will help us make our portfolio available globally. I am looking forward to working together to write the next chapter of our success story,” said Freek Hartman, Founder of Codian Robotics.

While today the majority of robots in the food and beverage industry are not designed for touching food, Codian Robotics’ portfolio includes a hygienic design that allows safe, open food processing.

“There is a strong need for pick and place robots that ensure high hygienic standards, accelerated by the COVID-19 pandemic. Our food and beverage, pharmaceutical and logistics customers are particularly interested in the potential of automation, enabling supply chains to continue to

Bruker Announces Acquisition of Integrated Proteomics Pipeline (IP2) Software Platform for Large Cohort Translational Studies

IP2 Accelerates CCS-enabled 4D-Proteomics™ with GPU-based Scalable Search Engine

IP2 Adds ‘Run & Done’ Real-Time Capabilities to timsTOF® Proteomics Systems

Bruker Corporation (Nasdaq: BRKR) announces the recent acquisition of the Integrated Proteomics Pipeline (IP2) search engine and proteomics workflow software platform. IP2 was developed by Integrated Proteomics Applications Inc, a company founded by leading proteomics researcher Professor John Yates III, together with Drs. Robin Park and Tao Xu. Financial details of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005135/en/

Prof. John Yates III, The Scripps Research Institute (Photo: Business Wire)

This acquisition further enhances Bruker’s solutions for CCS-enabled 4D-Proteomics™ by adding fast, scalable and GPU-based search engine capabilities for faster data processing and full utilization of molecular collision cross sections (CCS). Benefits include greater data completeness and higher confidence in protein and PTM identification and quantification in unbiased ‘shot-gun’ proteomics. Bruker’s novel timsTOF mass spectrometry systems with >120 Hz duty cycle in PASEF mode are uniquely suitable for real-time search by GPU-enabled, parallel operations on multiple threads.

“Partnering with the IP2 team and the Yates Lab provides an excellent opportunity to enhance Bruker’s bioinformatics capabilities in support of 4D-Proteomics™,” said Dr. Rohan A. Thakur, Bruker’s Executive Vice President for Life Science Mass Spectrometry. “High-throughput proteomics requires unprecedented search engine performance, including the need for low false discovery rates with very large datasets. This will benefit the proteomics research and translational medical community. We are also pleased to announce the establishment of Bruker’s bioinformatics team focused on protein and data science based in San Diego, California, headed by Robin Park who joined Bruker as part of the IP2 asset acquisition. Robin will continue to work closely with the Yates Lab in his new role with Bruker, as well as with other