Wednesday, February 1, 2023

Estée Lauder launches organizational evolution of its portfolio leadership

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Executive Chairman William P. Lauder and President and CEO Fabrizio Freda of The Estée Lauder Companies (ELC) announced an organizational evolution across its brand portfolio to position the company for sustainable growth in a fast-paced evolving global landscape. Effective September 1, 2022, the company’s brand portfolio evolved into two brand clusters led by Jane Hertzmark Hudis, Executive Group President, and Stéphane de La Faverie, who was promoted to Executive Group President. This new brand leadership structure is designed to ensure continued portfolio-wide alignment, enabling the business to focus on the greatest areas of opportunity. Jane and Stéphane will continue to report directly to Fabrizio Freda.

Guidewire congratulates the winners of the 16th Innovation Awards edition

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Guidewire congratulates the winners of its 2022 Innovation Awards: E.design Insurance, Hollard Insurance, and Mountain West Farm Bureau and its subsidiary 360 Insurance Company with partner Smart Communications. In its 16th year, the awards honor Guidewire clients that are adapting to an accelerating pace of industry change and evolving client needs. Winners were announced during Connections, Guidewire’s annual customer conference.

Sponsorship is the key to advancing women of color in the workplace

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Women of color face unique challenges, with their careers often hinging on those who are lacking in diversity training. The feedback often doesn’t feel genuine because it is not accompanied by advice, resources, or training to close performance gaps. Instead, it is used as a stall tactic or a deflection, enveloped by institutionalized racism or unconscious bias.

Tecnotree acquires CognitiveScale, expands into North American market

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On Saturday, 10th of December 2022 at 10:00 am EET, Tecnotree concluded the purchase of assets belonging to CognitiveScale(CS). The agreement covered the transfer of all CS Intellectual Property including its Truststar, Cortex, and Certfai platforms. Further, CognitiveScale Inc. has transferred all patents including 108 granted patents to Tecnotree.

Dialpad expands open app ecosystem with integrations and partnerships

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Dialpad, Inc., the artificial intelligence-Powered Customer Intelligence Platform, announced innovations to its open app ecosystem that allow clients to easily integrate their apps and workflows into one workspace to drive productivity, improve their customer and employee experiences, and customize workflows for better communication and collaboration.

Clean Origin receives $20 million equity investment from Titan

Great Heights Inc., and its subsidiary Clean Origin LLC, an online DTC retailers of lab-grown diamonds, engagement rings and jewelry, announce a $20 million equity investment from TCL North America, Inc. (TCL Inc), a wholly-owned subsidiary of Titan Company Limited (NSE:TITAN) - an Indian luxury products company known for manufacturing jewelry and watches - to further expand the business.

Web3 security firm CertiK doubles valuation to $2 billion in 3 months

CertiK, a global Web3 and blockchain security firm headquartered in New York, announced the completion of an oversubscribed $88m Series B3 financing round. This investment is led by Insight Partners, Tiger Global, and Advent International, with participation from Goldman Sachs and existing investors such as Sequoia and Lightspeed Venture Partners. This latest funding now brings CertiK’s valuation to $2 billion in just 3 months since its last round of funding. This is the fourth round of capital raised by CertiK in the past nine months, altogether totaling $230 million. Blockchain security continues to see strong demand, which has led to substantial growth at CertiK as the leader in the category.

Estée Lauder launches ELEL fund to advance women redefining leadership

Estée Lauder, the flagship brand of The Estée Lauder Companies Inc., announced the launch of the Estée Lauder Emerging Leaders (ELEL) Fund, a charitable fund under The Estée Lauder Companies Charitable Foundation. The fund’s mission is to redefine leadership by supporting a new generation of emerging women leaders and challenging leadership gender stereotypes. The Fund will support firms that provide opportunities for leadership development, cultivate supportive communities and advocate for emerging leaders who have a vision for change.

Forescout wins five Global InfoSec Awards at RSA Conference 2022

Forescout, an automated cybersecurity firm, is proud to announce it has won the following awards from Cyber Defense Magazine (CDM), an electronic information security magazine: Hot Company Industrial Cybersecurity, Publisher's Choice Internet of Things (IoT) Security, Most Comprehensive Zero Trust, Publisher's Choice Cybersecurity Research, Publisher's Choice Healthcare IoT Security.

Avaya announces $600 million aggregate financing commitments

Avaya Holdings Corp. (NYSE: AVYA) announced $600 million in aggregate financing commitments. The Company priced $350 million in aggregate principal amount of new Senior Secured Term Loans and entered into agreements for the private placement of $250 million in aggregate principal amount of Exchangeable Senior Secured Notes, all due in 2027.