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Otter Products, maker of the popular Otterbox mobile accessories, has announced a “strategic investment” in Brydge, in a move that is set to support future collaboration and product development.

The new agreement between the companies will allow Otter and Brydge to leverage each other’s supply and distribution networks. Most interestingly, the companies seem intent on developing new products and “innovations” collaboratively under the OtterBox brand.

“Our company has always been dedicated to innovating in ways that will enable our customers to get more from their mobile technology,” said Otter Products CEO Jim Parke. “Brydge has the same philosophy, and we recognize that we can tap into the strengths of each organization to be even more effective in achieving this goal, especially as all of our relationships between home, school and work are evolving.”

Brydge is known for its MacBook-like iPad keyboard accessories, docks, and hubs, while Otter is known for

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Investment Will Further Accelerate Growth of Fitness Leader’s Connected Equipment and Industry-leading Subscription Technology Platform iFit

ICON Health & Fitness (“ICON”), the world leader in innovation, design and distribution of connected fitness equipment and software, today announced a $200 million growth investment led by L Catterton, the largest and most global consumer-focused private equity firm, and is joined by existing investor Pamplona Capital Management.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005720/en/

(Photo: Business Wire)

ICON owns established industry-leading fitness brands NordicTrack®, ProForm® and Freemotion®, which offer connected fitness membership services powered by iFit, the immersive live and on-demand streaming fitness and wellness media platform.

With revenue exceeding $1 billion in the last 12 months (ending September 30, 2020), ICON is the only company which creates connected fitness experiences across multiple brands, multiple product categories and all consumer fitness segments.

The investment will further accelerate ICON’s unique

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TA Associates, a leading global growth private equity firm, today announced that it has completed a significant growth investment in Priority Software Ltd., a leading global provider of Enterprise Resource Planning (ERP) software. TA joins existing investor Fortissimo Capital, a leading private equity firm based in Israel and focused on special situations and growth opportunities, as an institutional investor in Priority Software. Financial terms of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201004005040/en/

Founded in 1986, Priority Software provides end-to-end cloud-based (SaaS) and on-premise business management solutions for organizations of all sizes to improve business efficiency and the customer experience. The company’s Priority PRO product provides comprehensive ERP software for medium to large organizations encompassing demand planning, manufacturing operations, financial management, human capital management, procurement and supply chain management. Priority Software also provides business management software for smaller companies that focuses on

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Uber announced Friday that its freight business won a multi-million investment from an investor group led by New York-based Greenbriar Equity Group that would value the unit at $3.3 billion.

The investor group — which has over $4 billion in committed capital focused on investments — has committed to buying $500 million in preferred stock to fund Uber’s logistics arm.

GENERAL MOTORS, UBER LAUNCH PARTNERSHIP ON ALL-ELECTRIC VEHICLES

“Trucking is one of Uber’s biggest and most promising opportunities,” Uber CEO Dara Khosrowshahi tweeted. “Today’s $500M investment from Greenbriar is a testament to the @UberFreight team’s consistent innovation, and I’m excited for them to continue to lead the industry forward.”

The rideshare giant says it will still maintain majority ownership in Uber Freight and plans to use the funds to “scale its logistics platform and accelerate product innovation

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Imagine if we could put every area of America on an even playing field when it comes to high-speed internet.



a man and a woman looking at the camera: Photo illustration by Slate. Photos by Getty Images Plus.


© Provided by Slate
Photo illustration by Slate. Photos by Getty Images Plus.

In the months after World War I, Dwight Eisenhower—who had been stuck stateside during the conflict—accepted a relatively modest assignment: He was tasked with overseeing the first transcontinental military convoy and reporting to his superiors the state of America’s roads, bridges, and byways. The trip, consisting of 79 Army vehicles and 297 personnel, crossed 3,200 miles. The experience was an eye-opener for the young officer.

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The convoy was repeatedly slowed by roads in terrible condition. Many were unpaved. Bridges were old and often too low for trucks. Eisenhower could see clearly how road quality directly affected the mobility of a moving army—or any vehicle. The lessons never left him, and his fascination with highways, logistics,

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Uber Technologies said it received a $500 million preferred-stock investment in Uber Freight from a group led by Greenbriar Equity, a deal that values the unit at $3.3 billion.



a person standing in front of a sign: Uber Freight Receives $500M From Greenbriar Investment


© TheStreet
Uber Freight Receives $500M From Greenbriar Investment

Uber Freight was launched in 2017 as the shipping arm of Uber Technologies, the parent of the ride-hailing and food-delivery companies.

The freight service enables trucking companies and drivers to book loads just as they would book Uber rides, a company statement says.

Greenbriar is the Rye, N.Y., private-equity firm focused on logistics, transport, manufacturing and more.

Uber Freight said it planned to use the funds to build out its logistics platform and speed new products to market.

Video: BNSF Railway incoming CEO on impact of the pandemic on the rail industry (CNBC)

BNSF Railway incoming CEO on impact of the pandemic on the rail industry

UP NEXT

UP NEXT

As

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Illustration for article titled Google to Journalists: Shut Up and Take the Money

Photo: Justin Sullivan (Getty Images)

After spending the better part of the last decade choking every possible cent from the digital media industry, Google’s finally getting the heat that it deserves. More and more people are realizing the company’s monopoly over digital advertising is one of the culprits behind a staggering number of newsroom layoffs. Regulators are realizing this digital dominance could constitute a serious antitrust issue. Combined, that means a massive headache for Google that can, in the company’s eyes, be solved with one thing: a decent payout.

The company’s latest attempt to claw back some goodwill among publishers is a three-year, billion-dollar partnership that’ll go toward the company’s newest product, the Google News Showcase. CEO Sundar Pichai unveiled the Showcase in a company blog post earlier today, promising it would highlight the “editorial curation of award-winning newsrooms” while also helping those newsrooms manifest “deeper

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A quarter of IT professionals increased AI investment levels due to COVID-19, 42% kept it at the same level, but 75% plan to continue or begin new AI projects in the next 6-9 months.

AI (Artificial Intelligence) concept. Electronic circuit. Communication network.

Image: Getty Images/iStockphoto

As far as enterprise artificial intelligence projects are concerned, the COVID-19 pandemic was just a minor bump in the road, Gartner found: 24% of business and IT professionals surveyed said they increased AI investment during the pandemic, and 42% kept investment at the same level.

More about artificial intelligence

Driving current AI investment has been customer experience and retention, revenue growth, and cost optimization, Gartner found. Those areas of focus are likely to continue as new projects are initiated in the post-pandemic business world, which Gartner said will be rich with AI investment.

Seventy-five percent of respondents said that they plan to continue current AI initiatives or invest in new ones over the

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Inshorts, which operates a popular news aggregator app in India, has raised $35 million in a new financing round led by Lee Fixel’s Addition as the Indian startup looks to scale its adjacent, social network platform.

For Fixel, who wrote several high-profile checks to Indian firms while running Tiger Global, InShorts is the first Indian startup he is backing from his new VC firm. Fixel, who also invested in InShorts when he was at Tiger Global, has backed about six startups through Addition including New York Area-headquartered Odeko, which offers ordering and supply chain tools to cafes, Synk, which develops tools used to identify vulnerabilities, and dLocal, which operates a cross-border payment processor to connect global merchants to emerging markets.

SIG Global and Tanglin Venture Partners, also participated in Inshorts’ new round, which values the startup at about $125 million, a person familiar with the matter told TechCrunch.

Azhar Iqubal,

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CFIUS probing past Chinese investment

September 29, 2020 | technology | No Comments

The letters, which began landing in dozens of companies’ email inboxes in the spring, reflect the broadly held view among U.S. officials and lawmakers that the United States failed in recent years to adequately screen investments pouring in from China and other countries — particularly low-profile venture-capital investments that didn’t make the headlines. The 2018 Foreign Investment Risk Review Modernization Act, or FIRRMA, aimed to address that by boosting CFIUS’s funding and powers.

Tech executives say the inquiries are part of a growing chill in U.S.-China relations that has made Silicon Valley companies more cautious about accepting foreign investments and caused some China-backed venture-capital funds to curb their activity.

The decoupling can be seen in data showing that Chinese venture-capital investment in the United States dropped to a six-year low in the first half of 2020, to $800 million, according to research provider Rhodium Group. VC investment by U.S. firms

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