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Next week, join us for the City of Broad Shoulders, a three-night event coinciding with RailsConf that will highlight Chicago's enduring entrepreneurial spirit. Along with partners in crime Dev Bootcamp, 8th Light, and DevMynd, Table XI will be co-sponsoring a Speakeasy Night, a Maker Night, and a Windy City Night, where attendees will get to play games, build cool stuff, and learn how to tell a good story.
Speakeasy Night (April 22): Chicago's history from the 20th century is steeped in tales of the Roaring '20s, Al Capone, and other prohibition-era lore. Slip into this speakeasy-themed saloon for rousing games of blackjack, dice, Werewolf, and Munchkin—no secret password required.
Truth time: how much of the day do you spend on Facebook instead of doing your work? This was a question our own Steve Puiszis asked himself once he learned that certain friends of his were wasting five to six hours a day on social media, and he wanted to see how he stacked up (thankfully, not as high). But the effort led him to discover a nifty tool called RescueTime, which tracks the time you spend on different websites and applications.
“Content Marketing” is the buzzy phrase on everyone’s lips these days. But, what is it, really, and how can you do it well? Many of us know that there’s a link between good, current content and search engine results, but is there more to it than that? Table XI partner and Think Glink Media president Ilyce Glink walked us through the benefits of creating good content and how strong content marketing can yield real results.
What do you do when you want to share specific information with your company, or solicit feedback on a certain project, or ask a question of your colleagues? You could email your entire company, but these days, people are pretty sensitive about extra emails cluttering their inboxes and interrupting productivity (and if you work with developers, you know that can be annoying and costly). Depending on the topic, it might even feel spammy.
Last month, Life Itself, a documentary based on movie critic Roger Ebert's memoir, premiered at Sundance to rave reviews. The latest collaboration from Chicago's Kartemquin Films and acclaimed documentary director Steve James (Hoop Dreams, The Interrupters), the film chronicles Roger's life as a world renowned critic, author, and humanitarian, until his death in 2013 from complications due to cancer. Roger was our friend and partner, and I cherish the time we got to spend with him over the last few years, helping him bring RoberEbert.com to life and continue his substantial legacy.
Polar vortexes aside, it’s no secret that we love our hometown of Chicago, and we love it even more when people want to visit. So we were excited to team up with new client Hop the Pond, a young company that helps students with J1 visas find temporary work, housing, and fun things to do in Chicago over the summer.
Hop the Pond was started by Chicago native Mark Reiter and Irishman Kevin Egan. Both had tough experiences as students traveling abroad, where they had trouble getting part-time jobs and affordable places to live, as well as knowing where to go or what to do for entertainment.
This week we launched the brand new M2057.com, the e-commerce site for fashion designer Maria Pinto’s new collection, M2057 by Maria Pinto, and the follow-up to her groundbreaking Kickstarter project. The successful campaign, which raised more than $270,000 this past fall, proved there was a market for Maria’s designs, so she decided to build an e-commerce site to make them more widely available.
This was a fun and interesting project for us, both since we were excited to continue working with Maria, and because it was our first time using the e-commerce platform, Shopify.
Building an e-commerce site from scratch is a long and expensive process, so for retailers who want to get their stores up quickly and affordably, Shopify presents a good option. The platform offers online retailers a cost-effective, off-the-shelf solution which includes hosting, customizable templates, and software to manage backend processes like order fulfilment and shipping.
It’s been seven months since Roger Ebert passed away. A few of us had the honor to attend his funeral, which happened to be the very same day we were scheduled to launch his new website, RogerEbert.com. Out of respect to what Roger would have wanted, we went ahead with the launch as planned.
It’s a testament to Roger and his work that, as we expected, users are spending a lot of time exploring and searching his archived content—something they previously couldn’t do very easily. It’s also exciting that users are seeking out new reviews: Traffic is up 9% year-over-year with a unique visitor increase of more than 44%. I think Roger would be proud of that.
We were full of ideas around here this past fall, in no small part thanks to October's annual Chicago Ideas Week (CIW). This year we served as the organization's technology partner, helping the nonprofit launch its new website, enhance its online ticketing system, and develop a ticket scanning mobile app.
In the development world we hear a lot about the term “Agile.” In software this refers to an iterative approach to development that relies heavily on collaboration between cross-functional teams, feedback, testing, and continuous improvement. It's the approach that Table XI uses to design and build websites and mobile applications.


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Athletes in a wide variety of sports are touting the benefits of CBD but boxers and MMA artists are taking the lead in advocating its use by professional athletes.
Many athletes are discovering the wonders of cannabidiol (CBD) and some have their own product lines and even their own companies. But as you may have noticed, though football players were early advocates for CBD, you mainly hear from the retired NFL pros. That is because the NFL still will not accept CBD of any kind. However, the World Anti-Doping Agency removed CBD from its banned substances list and now professional boxers and mixed martial arts (MMA) fighters are taking the lead in advocating for CBD without having to wait till retirement.
NFL players depend on CBD
Search Google for “nfl player cbd” and you will find numerous retired professionals from the National Football League who advocate for CBD. As one of the sports that leads to some of the worst injuries sustained by players on a regular basis, football definitely needs CBD. But the NFL is locked in a mentality from the past that leads them to refuse CBD even without traces of THC. Of course, NFL players are also advocating for medical marijuana and one has to wonder how much longer players must suffer and be forced to take NSAIDS and opioids to survive the pain they experience on a daily basis.
But that has not stopped retired players from advocating for and even joining the CBD industry. Former Miami Dolphins lineman Larry Chester is one retired player who says that “CBD Saved My Life.” After years of chronic pain, he found relief through CBD in various forms. Hall of Famer Lawrence Taylor took it a step further and launched his own product line, LT Pain Master CBD, in partnership with Diamond CBD. Known as “The Pain Master,” his somewhat ironic brand is an example of what more and more NFL players are doing in the CBD industry.
WADA takes the lead
While the NFL is lagging behind, in 2017 the World Anti-Doping Agency (WADA) took the lead by removing CBD from its banned substances list. That decision went into effect in early 2018 and now many boxers and MMA fighters are becoming involved with the CBD industry.
While boxers may be increasing visibility, much credit is given to UFC fighter Nate Diaz who vaped CBD at a press conference in 2016. Though he was publicly warned by the U.S. Anti-Doping Agency for that action, he was not otherwise disciplined and his efforts helped inspire the WADA’s change in policy. Now MMA media regularly covers CBD and such fighters as Bas Rutten who has also become an advocate.
Boxers turn to CBD
But the highest visibility may soon come from the world of boxing where the WADA’s decision has led to an openness towards CBD. That openness was exemplified by Floyd Mayweather’s bodyguards who are now CBD advocates and entrepreneurs. Of course, many boxers are now involved in the industry, such as Teofimo Lopez and Shannon Briggs.
Briggs was suspended after a comeback for excess testosterone but says his comeback would have been impossible without CBD. Though a controversial figure, Briggs went on to found a CBD company of his own. Unfortunately, the domain is now up for sale and there is no current news on what happened. But, for a brief moment, Briggs was one of the best known boxers associated with CBD.
CBD boxing sponsorships
Now other active boxers are stepping up and some are even being sponsored by CBD companies. Diamond CBD is increasingly visible in the ring due to sponsorships of such fighters as Blair “The Flair” Cobbs. Cobbs recently took the Junior NABF Welterweight title in a match with Ferdinand Kerobyan while sporting the Diamond CBD logo.
Other boxers sponsored by Diamond CBD include Denver “The Excitement” Cuello who beat Jack Amissa for the Asia Boxing Federation bantamweight title. And Jessie “El Peligroso” Magdaleno who won a recent bout with Rico Ramos. With a track record for picking great fighters, Diamond CBD CEO Kevin Hagen stated, “These athletes, like the Diamond CBD brand, stand head and shoulders above the competition and represent the best of what the sport has to offer.”
Not just for the pros
While it may be a long time before we see a CBD Super Bowl ad, more and more fighters will be entering the ring and the octagon with the sponsorship of companies like Diamond CBD. But weekend warriors do not have to wait for their favorite sports organizations to catch the CBD Cluetrain. If you are trying to stay in shape on the weekends, you probably have some unique aches and pains of your own to care for. And, just like the pros, you too can turn to CBD to see how it might help you.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of CBD News, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof.

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The model, which is the newest addition to the Riva line, was presented at an exclusive event on March 9 at Miami's Zuma Japanese restaurant. The model slowly made its entrance with all lights ablaze to the opening beat of Queen's We Will Rock You and spun under spotlights before docking between the also present Riva 66 Ribelle and Riva 100 Corsaro.
Speaking at the event, Ferretti Group chief executive Alberto Galassi said: "The Riva company is 177 years old and we launched the Riva Corsaro in Hong Kong, we launched the 110 Dolce Vita in Monte Carlo and we decided it was the right time for America to have the world premiere of a beautiful boat like this one."
He went on to explain that the name of the model has its roots in Greek history. "The name Argo is a mythological name that dates back to the Ancient Greek city of Argo and the legend of Argo," he said. "There is brain and there is man behind this. Mauro Micheli, together with Sergio Berretta, who has designed Rivas for a lifetime, have designed this beautiful boat."
Key features include a generously sized superyacht sundeck and a wide-body owner’s cabin situated on the main deck. Aft, the Riva 90 will inherit the concealed stairway system from the Riva 56 Rivale, while the tender garage is large enough to accommodate and independently launch a Williams 395 and a Jet Ski.
Speaking last year, Mauro Micheli, chief designer at Officina Italiana Design, said: “The Riva 90 is a very sleek, slender boat despite being quite large, volume-wise. Its lines are balanced, sporty and elegant, brilliantly epitomising the Riva DNA. There is a real sense of stylistic coherency between the interiors and exteriors.”
Three engine options from MTU will be made available, ranging from twin 1,921hp 12V2000 M96Ls to a pair of 2,400hp 16V2000 M93 engines - the latter will be installed on hull number one. The result is speeds of up to 30 knots out on the open water as well as a wide range of cruising speeds from 22 to 26 knots.
Likewise a wide range of layouts will be offered, with the option to fit up to five guest cabins onto the lower deck.
Sergio Beretta, CEO of Officina Italiana Design, previously said: “It is not designed for any specific sea — it’s perfect anywhere. That said, we believe that the Riva 90 will be particularly popular in the East because of its modern, edgy style.”
The premiere comes just a few months ahead of the presentation of the Riva 50m flagship, which is currently under construction in Ancona, Italy. Following the debut, the Riva 90 Argo will proceed to the the Palm Beach International Boat Show, where it will be on display from March 28 to 31.


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Harris comes to this year’s NRF Convention and Expo (January 16-18, 2012, Jacob K. Javits Convention Center, Booth #3223) with an emphasis on energizing brands, increasing revenue and maximizing the overall retail experience through digital media.
Harris will demonstrate its digital out-of-home (DOOH) retail solutions and share the technology footprint that powers some of its notable retail projects. The company will showcase digital signage content seen at various global retailers today, including 4400 7-Eleven convenience stores, one of the largest DOOH networks in the United States; and Harrods, London’s most famous luxury department store.
Guy Cheston, director of advertising and sponsorship for Harrods, will discuss how retail brands are embracing digital media as an effective advertising medium, and how Harrods has responded by making digital signage a key part of its marketing strategy. Cheston will present “Digital Screens within a Luxury Retail Environment” in the EXPO Hall, Room 3D05, on Tuesday, January 17 from 3:00-3:45 pm.
Harris will also sponsor a social media wall on the show floor, with the Harris® InfoCaster™ DOOH suite for content creation, management and playout powering NRF’s official Twitter feed.


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New Delhi [India], June 24 (ANI): For the first time in Delhi, diesel has become costlier than petrol.
For the 18th day in a row, state-run oil companies on Wednesday raised prices of diesel. However, no increase was witnessed in petrol prices.
While petrol costs Rs 79.76 per litre, diesel can be bought at Rs 79.88 per litre.
The price of diesel has been increased by 48 paise a litre.
Notably, oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs. (ANI)


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The Nigerian-American Chamber of Commerce (NACC) is to lead delegates on a trade mission to the United States, to deepen members’ knowledge of technologies to boost their businesses.
The five-day trade forum themed “Turning promises to action” is expected to bring together private and public sectors.
It is designed to attract businesses in areas such as Information Technology (IT), Banking, Agric Tech, and Cloud technology solutions, Artificial Intelligence (AI), Robotic Process Automation, Blockchain, and Smart Contracts, among others.
NACC’s Communication Executive, Ebuka Ugochukwu, said the trade mission was the Chamber’s commitment to promoting the development of trade, commerce, investment and industrial/technological relationship between the private and public sectors.
Ugochukwu said the trade mission had been scheduled for April 28-May 3, adding that delegates would be hosted by the Silicon Valley Nigeria Economic Development Inc.
He also said there would be meetings with Silicon Valley top executives, angel investors and venture capitalists in IT; Silicon Valley Organisations (Chambers of Commerce; Silicon Valley Tech Companies; the Mayor of San Jose amongst others.
According to him, delegates would leverage the Chamber’s initiative to meet new international buyers and distributors, expand into new markets, exchange market knowledge, network, gain insight from industry experts and promote their businesses across border.
NACC has been organising trade missions to the US. Last year, the Chamber led delegates to Washington DC, where it recorded successes in new deals and investments.
According to Ugochukwu, this year, the Chamber was poised to fulfil its objective of linking businesses in the coiuntry to global enterprises. This, he said, would create business opportunities for participating delegates.


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Marrone Bio Innovations Inc (NASDAQ:MBII), the bioprotection and plant health company, is set for a change at its helm, with the news that its founder Dr Pamela Marrone will retire as CEO. The company’s board has already kicked off a search for Dr Marrone’s successor and she will continue as CEO until her replacement is found. fter her retirement, Dr Marrone will remain on Marrone Bio’s board as a non-executive member and also serve as a consultant to the company she founded. Under her reign, the company commercialized 10 products for crop protection and plant health, three of which won industry awards as top biopesticides.
WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) CEO Keith Merker published an open letter to shareholders on Monday providing additional background information regarding its acquisition of Starseed Holdings Inc, the $25 million investment from the Labourers’ Pension Fund of Central and Eastern Canada (LPF) and its recent 27-acre outdoor harvest yield. The note explained that Starssed helps WeedMD realize higher margins, while providing its new partner with a reliable supply of quality cannabis. In total, the acquisition and the LPF investment secured WeedMD $42 million worth of fresh capital. Merker also highlighted the company’s most recent harvest, which included more than eight tons of cannabinoid-rich, saleable cannabis. Shares closed up nearly 7% to C$0.99 in Toronto on the news.
New Pacific Metals Corp (CVE:NUAG) (OTCMKTS:NUMPF) reported Monday that it approved all matters submitted at its annual general meeting held on November 29. The Vancouver-based explorer also said goodbye to board member John McCluskey, who did not stand for re-election. The firm thanked him for his time and contributions in a statement Monday. As well, shareholders voted almost 95% in favour of the share-based compensation plan and the re-appointment of Deloitte LLP as auditors. Full results for all matters will be posted on New Pacific’s website. New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.
The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCMKTS:TGODF) announced Monday that it is increasing the size of a bought deal financing plan to raise an addition C$2 million. Late last month, the company entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp that has agreed to purchase 29,334,000 units at a price of C$0.75 per unit. TGOD said it intends to use the proceeds to complete the construction of its processing facility in Ancaster, Ontario and for general corporate purposes. The company now is offering up 32 million shares at the same unit price for total proceeds of C$24 million, according to a statement.
Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) said it has appointed accounting firm Squar Milner LLP as its auditor to replace MNP LLP and finalized a three-year deal with design house, Astound Group, to consolidate brand strategy for Australis' house of brands. Meanwhile, it paid seasoned developer Passport Technology $4,175,000 which includes $375,000 in cash, and 5 million in shares of Body and Mind, and 1,829,219 shares of Australis for creating a self-service kiosk (CocoonPod) for the cannabis industry. Australis Capital aims to build companies through early-stage, opportunistic, and diversified investments in the cannabis value chain in the US and abroad.
Maverix Metals Inc (TSX:MMX) (NYSEAMERICAN:MMX) has entered into a definitive agreement to acquire a portfolio of 25 precious metals royalties from Kinross Gold Corporation (TSX:K) (NYSE:KGC). In a statement Monday, Maverix said it will issue to Kinross a total of 11.2 million common shares and make a cash payment of US$25 million upon closing of the transaction. Closing is expected to occur on or before December 31, and at which time Kinross will own a 9.4% basic interest in Maverix. Certain royalties in the royalty portfolio are subject to rights of first refusal as well as the requirement for various transfer consents. Any proceeds from the exercise of a right of first refusal will be paid to Maverix, which added that the total consideration for the portfolio could reach $74 million.
Gevo Inc (NASDAQ:GEVO) has won a lucrative new contract as Bombardier Inc (OTCMKTS: BDRBF), the Canadian jet maker, is the latest company to adopt its sustainable jet fuel, which will be put into action at its Montreal facilities. Bombardier’s supply deal with Avfuel – a supplier of aviation fuel and services - represents the jet maker’s first step in a plan to forge partnerships to introduce sustainable jet fuel in a bid to reduce its CO2 emissions. “Today, we are proud to offer it for the first time at one of our Canadian facilities and it’s only the beginning,” said David Coleal, president of Bombardier Aviation.
Junior explorer New Pacific Metals Corp (CVE:NUAG) told investors it has hit near surface, silver mineralization as it posted assays for 75 holes at its wholly-owned Silver sand project in Bolivia. The aim of this year's resource definition program at the property was to add to the geological understanding of the currently defined core. "Drilling continues to intersect broad intervals of vein and fracture controlled, near surface, silver mineralization with results from this program ranging from approximately 50 to 200 metres (m) thick and returning average silver values from 33 to 289g/t," the company said in a statement.
Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) has hired Canaccord Genuity Corp as a financial advisor. In a statement on Monday, the junior explorer said it has “commenced a process to explore and develop additional transactions with a view to enhancing shareholder value.” Canaccord Genuity is an independent global investment bank with experience and exposure to the mining and exploration sectors.
LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) CEO Ashik Karim told shareholders that the enterprise firm is getting ready to revitalize the Internet of Things sector in 2020. In a letter to shareholders released Monday, the CEO talked about the Vancouver-based company’s plans to increase revenue, market adoption and integration to become a market leader in the logistics technology space. “There is no question that our future growth plans focus on disruption in IOT hardware and sensors, technology, market value, and market differentiators,” Karim wrote.
Mackie Research on Monday repeated a Buy rating on Medexus Pharmaceuticals Inc (CVE:KMDP) (OCTMKTS:PDDPF) after it posted second-quarter results showing strong demand for its leading products. Medexus is focused on the therapeutic areas of auto-immune disease and pediatrics. The leading products are Rasuvo and Metoject, designed to treat rheumatoid arthritis and other auto-immune diseases; and Rupall, an innovative allergy medication. “Specifically, Metoject unit market demand increased 115%, Rasuvo unit market demand increased 15%, and Rupall unit market demand increased 66% over the same period last year,” CEO Ken d’Entremont said in a statement on Monday. Those numbers, especially for Rasuvo and Metroject, impressed analysts at Macki, which has a C$10.50 price target.
Namaste Technologies Inc. (CVE:N) (OTCMKTS:NXTTF), the cannabis product platform, said its CannMart Labs Inc. subsidiary is gaining further traction by forging a licensing agreement with Phyto Extractions, another Canadian cannabis company. The deal gives CannMart Labs its own license to use Phyto trademarks on an array of cannabis products, including cannabis vaporizing pen cartridges, batteries, cannabis capsules and cannabis tincture bottles and jars.
FSD Pharma Inc. (CSE:HUGE) (OTCMKTS:FSDDF) said it would initiate Phase 1 safety trials in patients for its lead drug candidate PP 101 micro-PEA in the first quarter of 2020, while reporting financial results for the three and nine months ended September 30. In a statement accompanying the Canadian company’s latest numbers on Friday, FSD Pharma CEO Raza Bokhari said: "During the third quarter, we continued to advance our efforts to transform into a specialty, biotech pharmaceutical R&D company focused on developing over time a robust pipeline of FDA approved synthetic compounds targeting the endocannabinoid system of the human body to treat certain diseases of the central nervous system and autoimmune disorders of the skin, GI tract and the musculoskeletal system.”
MegumaGold Corp (CSE:NSAU) told investors it is seeing encouraging signs of a large gold deposit at its Touquoy West project in Nova Scotia as it reported the latest geochemical results. The firm has found more elevated arsenic and gold values from soil survey work, it said. It comes after last month it said two large geochemical anomalies were present, supported by low-level, anomalous gold and lie on what's called the Moose River anticline, which plays host to the Touquoy deposit (part of St Barbara Ltd's (ASX:SBM) Touquoy gold mine).
Lingo Media Corporation (CVE:LM) (OTCMKTS:LMDCF), the Edtech group, says it continues to build new business, which it expects to turn into sales in 2020. The Toronto-based company has reported its third-quarter results to end September - a period, in which it signed new distribution agreements in Ecuador and Mexico and expanded its Primary English program into a further province in China. The group also hired a sales manager to expand sales in Latin America.
Medexus Pharmaceuticals Inc (CVE:KMDP) (OTCMKTS:PDDPF) has released fiscal second-quarter results showing a strong year-over-year increase in revenue. For the three months ended September 30, the Montreal-based drugmaker said total revenue was C$16.4 million, compared to revenue of C$3.4 million in the prior-year quarter. “This improvement reflects continued unit sales growth, as well as the increased scale of the company as a result of the acquisitions completed in October 2018,” said CEO Ken d’Entremont in a statement issued Friday.
mCloud Technologies Corp (CVE:MCLD) (OTCMKTS:MCLDF) announced a plan to undergo a 10:1 share consolidation as it eyes uplisting to the TSX and joining the NASDAQ. The move requires approval from the Toronto Stock Exchange Venture, where the mCloud is currently listed in Canada. The artificial intelligence asset management company also trades on the OTC Markets in the US.
Aequus Pharmaceuticals Inc (CVE:AQS) (OTCMKTS:AQSZF) posted third-quarter results after the bell on Friday, which highlighted potential future revenue from a new ophthalmology partnership. “Aequus has continued to advance the business in Q3, signing a key collaboration with Medicom Healthcare [Ltd] which adds a collection of market-ready ophthalmology products along with late-stage development assets to our growing ophthalmology franchise in Canada,” CEO and Chairman Doug Janzen said in a statement. “This collaboration with Medicom fits perfectly into our goals and vision for the franchise. Aequus looks forward to continuing our business development efforts in the coming quarters and finishing the year strong with our current set of revenue-generating products.”
Black Iron Inc (TSE:BKI) (OTCMKTS:BKIRF) continues to advance its Shymanivske project in Ukraine and revealed it has received expressions of interest from European banks and export credit agencies to provide between US$250 and US$300 million of debt to construct the mine. As is typical for this sort of development, Black Iron reckons around US$175 million, or 40%, to fund building the site, will come from equity, while the balance, around US$261 million (60%) will be debt.
Global Energy Metals Corp (CVE:GEMC) (OTCMKTS:GBLEF) says its battery minerals project in Nevada could be a future source of cobalt, nickel and copper for the burgeoning electric vehicle market. The project consists of the Lovelock cobalt mine and the Treasure Box project, which lie around 150 km east of the huge Tesla (NASDAQ:TSLA) Gigafactory in Sparks. Interpreting the results from the drone magnetometer survey is ongoing, put preliminary findings suggest that there are numerous new strong magnetics trends that appear to correlate very well with historic zones of mineralization, GEMC noted.
True Leaf Brands Inc (CSE:MJ) reported a 70% growth in revenue in its Pet division during its fiscal second-quarter 2020, according to its latest results released Monday. The cannabis for pets company recently launched CBD supplements for dogs and rolled out the products to retail stores in the US and online. Total revenue from True Leaf’s Pet division was C$707,000, a 24% increase year over year.
Humanigen, Inc. (OTCMKTS:HGEN), a clinical-stage biopharmaceutical company focused on the development of next-generation CAR-T and other cell therapies, announced Monday that it is has terminated the process of exploring a potential rights offering. The group said that after carefully assessing various options, it has initiated other capital raising alternatives better suited to the existing capital structure.
Nabis Holdings Inc. (CSE:NAB) (OTCMKTS:NABIF), a leading Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, announced on Friday that Larry Koza resigned from the company’s board of directors, effective November 22, 2019, in order to focus on other business obligations. Mark Krytiuk, Nabis COO and board chairman, commented, “On behalf of our Board of Directors, I want to thank Larry for his valuable service and contributions during Nabis’ rapid growth and expansion. We wish him the best of luck in his future endeavors.”
OTC Markets Group Inc. (OTCMKTS:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced that PharmaCielo Ltd. (CVE:PCLO) (OTCMKTS:PCLOF), a company focused on ethical and sustainable processing and supplying of all-natural, medicinal-grade cannabis oil extracts and related products, has qualified to trade on the OTCQX Best Market. Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group commented: "PharmaCielo joins more than 60 Canadian listed company to begin cross-trading its shares in the U.S. on the OTCQX Market this year. We are pleased to support companies that are looking to build visibility and provide transparency for their investors in the US public market.”
ImmunoPrecise Antibodies Ltd (CVE:IPA) (OTCMKTS:IPATF) announced that all resolutions were passed by the shareholders at its annual general meeting held in Vancouver, British Columbia, on November 22, 2019.
DRDGOLD Limited (NYSE:DRD) said that at its annual general meeting held in Johannesburg on Monday, 2 December 2019, all the ordinary and special resolutions, as set out in the notice of AGM dated 31 October 2019, were approved by the requisite majority of shareholders present or represented by proxy.
Great Bear Resources Ltd (CVE:GBR) said the TSX Venture Exchange has accepted for filing documentation with respect to its brokered private placement, announced on November 7, 2019, which saw the issue of 2 million flow-through shares at a purchase price of $8.35 each with 25 placees.


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Posted by Richy George on 7 January, 2019This post was originally published on this site
If you’re a GitHub user, but you don’t pay, this is a good week. Historically, GitHub always offered free accounts but the caveat was that your code had to be public. To get private repositories, you had to pay. Starting tomorrow, that limitation is gone. Free GitHub users now get unlimited private projects with up to three collaborators.
The amount of collaborators is really the only limitation here and there’s no change to how the service handles public repositories, which can still have unlimited collaborators.
This feels like a sign of goodwill on behalf of Microsoft, which closed its acquisition of GitHub last October, with former Xamarin CEO Nat Friedman taking over as GitHub’s CEO. Some developers were rather nervous about the acquisition (though it feels like most have come to terms with it). It’s also a fair guess to assume that GitHub’s model for monetizing the service is a bit different from Microsoft’s. Microsoft doesn’t need to try to get money from small teams — that’s not where the bulk of its revenue comes from. Instead, the company is mostly interested in getting large enterprises to use the service.
Talking about teams, GitHub also today announced that it is changing the name of the GitHub Developer suite to ‘GitHub Pro.’ The company says it’s doing so in order to “help developers better identify the tools they need.”
But what’s maybe even more important is that GitHub Business Cloud and GitHub Enterprise (now called Enterprise Cloud and GitHub Enterprise) have become one and are now sold under the ‘GitHub Enterprise’ label and feature per-user pricing.
Note: this story was scheduled for tomorrow, but due to a broken embargo, we decided to publish today. The feature will go live tomorrow.
Posted by Richy George on 7 January, 2019This post was originally published on this site
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Nvidia broke with tradition and put a new focus on gaming at CES. Last night the company unveiled the RTX 2060, a $349 low-end version of its new Turing-based desktop graphics cards. The RTX 2060 will be available on Jan. 15.
This spring SapceX intends to launch the next phase in its space exploration plans. The newly named Starship rocket, previously known as the BFR, intends to to be rocket to rule them all. And it’s going to look good doing it.
Far from its troubles in emerging markets like China, Apple is starting to face backlash from a European population that’s crying foul over the company’s perceived hypocrisy on data privacy. It’s become clear that Apple’s biggest success is now its biggest challenge in Europe.
In a recently recorded podcast Marc Andreesen gave some predictions on the future of the tech industry. Surprisingly, the all-start investor is continuing his support of the shaky VR industry saying that expanding the immersive world will require us to remove the head-mounted displays we’ve become accustomed to.
ClassPass, the five-year-old fitness marketplace, is in the midst of an expansion sprint. The company announced yesterday that it’s acquiring one it competitors, GuavaPass, for an undisclosed amount to expand into Asia. The move now puts ClassPass in more than 80 markets across the 11 countries, with plans to expand to 50 new cities in 2019.
Apple gave a snapshot of its future smart home ecosystem at CES. Looks like an array of smart light switches, door cameras, electrical outlets and more are on the way and will be configurable through the Home app and Siri.
Danby is showing off its newly launched smart mailbox called Parcel Guard at CES, which allows deliveries to be left securely at customers’ doorsteps. Turns out you won’t need a farting glitter bomb to protect your packages after all. The Parcel Guard starts at $399 and pre-orders are will be available this week.
Posted by Richy George on 5 January, 2019This post was originally published on this site
As every software company knows, over time as code ages and workarounds build on work-arounds, the code base becomes bloated. It becomes ever more difficult to get around the technical debt that you’ve built up over time. It’s really impossible to avoid this phenomenon, but at some point, companies realize that the debt is so great that it’s limiting their ability to build new functionality. That’s precisely what Trulia faced in 2017 when it began a process of paying down that debt and modernizing its architecture.
Trulia is a real estate site founded way back in 2005, an eternity ago in terms of technology. The company went public in 2012 and was acquired by Zillow in 2014 for $3.5 billion, but has continued to operate as an independent brand under the Zillow umbrella. It understood that a lot had changed technologically in the 12 years since its inception when engineering began thinking about this. The team knew it had a humongous, monolithic code base that was inhibiting the ability to update the site.
While they tried to pull out some of the newer functions as services, it didn’t really make the site any more nimble because these services always had to tie back into that monolithic central code base. The development team knew if it was to escape this coding trap, it would take a complete overhaul.
As you would expect, a process like this doesn’t happen overnight, taking months to plan and implement. It all started back in 2017 when the company held what they called an “Innovation Week” with the entire engineering team. Groups of engineers came up with ideas about how to solve this problem, but the one that got the most attention was one called Project Islands, which involved breaking out the different pieces of the site as individual coding islands that could operate independently of one another.
It sounds simple, but in practice it involved breaking down the entire code base into services. They would use Next.js and React to rebuild the front end and GraphQL, an open source graph database technology to rebuild the back end.
Deep Varma, Trulia’s VP of engineering, pointed out that as a company founded in 2005, the site was built on PHP and MySQL, two popular development technologies from that time. Varma says that whenever his engineers made a change to any part of the site, they needed to do a complete system release. This caused a major bottleneck.
What they really needed to do was move to a completely modern microservices architecture that allowed engineering teams to work independently in a continuous delivery approach without breaking any other team’s code. That’s where the concept of islands came into play.
The islands were actually microservices. Each one could communicate to a set of central common services like authentication, A/B testing, the navigation bar, the footer — all of the pieces that every mini code base would need, while allowing the teams building these islands to work independently and not require a huge rebuild every time they added a new element or changed something.
The harsh reality of this kind of overhaul came into focus as the teams realized they had to be writing the new pieces while the old system was still in place and running. In a video the company made describing the effort, one engineer likened it to changing the engine of a 747 in the middle of a flight.
Varma says he didn’t try to do everything at once, as he needed to see if the islands approach would work in practice first. In November 2017, he pulled the first engineering team together, and by January it had built the app shell (the common services piece) and one microservice island. When the proof of concept succeeded, Varma knew they were in business.
It’s one thing to build a single island, but it’s another matter to build a chain of them and that would be the next step. By last April, engineering had shown enough progress that they were able to present the entire idea to senior management and get the go-ahead to move forward with a more complex project.
First, it took some work with the Next.js development team to get the development framework to work the way they wanted. Varma said he brought in the Next.js team to work with his engineers. He said that they needed to figure out how to stitch the various islands together and resolve dependencies among the different services. The Next.js team actually changed its development roadmap for Trulia, speeding up delivery of these requirements, understanding that other companies would have similar issues.
By last July, the company released Neighborhoods, the first fully independent island functionality on the site. Recently, it moved off-market properties to islands. Off-market properties, as the name implies, are pages with information about properties that are no longer on the market. Varma says that these pages actually make up a significant portion of the company’s traffic.
While Varma would not say just how much of the site has been moved to islands at this point, he said the goal is to move the majority to the new platform in 2019. All of this shows that a complete overhaul of a complex site doesn’t happen overnight, but Trulia is taking steps to move off the original system it created in 2005 and move to a more modern and flexible architecture it has created with islands. It may not have paid down its technical debt in full in 2018, but it went a long way on laying the foundation to do so.
Posted by Richy George on 3 January, 2019This post was originally published on this site
Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will continue to trade under the CLDR symbol on the New York Stock Exchange.
“Today, we start an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider,” said Tom Reilly, chief executive officer of Cloudera, in today’s announcement. “This combined team and technology portfolio establish the new Cloudera as a clear market leader with the scale and resources to drive continued innovation and growth. We will provide customers a comprehensive solution-set to bring the right data analytics to data anywhere the enterprise needs to work, from the Edge to AI, with the industry’s first Enterprise Data Cloud.”
The companies describe the deal as a “merger of equals,” though Cloudera stockholders will own about 60 percent of the equity in the company.
The combined company expects to generate over $720 million in revenue from its 2,500 customers who rely on it to help them manage the complexities of processing their data. While Hadoop itself is open source and freely available, Cloudera and Hortonworks abstract away most of the infrastructure. Both focused on slightly different markets, though, with Hortonworks going after a more technical user and a pure open source approach, while Cloudera also offered some proprietary tools.
“Together, we are well positioned to continue growing and competing in the streaming and IoT, data management, data warehousing, machine learning/AI and hybrid cloud markets,” said Hortonworks CEO Rob Bearden back when the deal was first announced. “Importantly, we will be able to offer a broader set of offerings that will enable our customers to capitalize on the value of their data.”
Posted by Richy George on 3 January, 2019This post was originally published on this site
While Facebook continues to repair its image with consumers disenchanted with the social network’s role in disseminating misleading or false information and mishandling their personal data, it’s ironically been finding some traction for its enterprise-focused service, Workplace. Today, the company announced that it has added another huge company to its books today: Nestle, the coffee, chocolate and FMCG giant with 2,000 brands and 240,000 employees, has signed up as its latest customer.
Facebook’s enterprise service competes against the likes of Microsoft Teams, Slack and smaller players like Crew and Zinc, among many others in a crowded market of mobile and desktop apps built to address a growing interest among organizations to have more user-friendly, modern ways for their employees to communicate.
Workplace positions itself as different from its competitors in a couple of different ways: it says its communications platform is designed for all different employment demographics, covering so-called knowledge workers (the traditional IT customer) as well as waged and front-line employees; but it also claims to be the most democratic of the pack, by virtue of being a Facebook product, designed for mass market use from the ground up.
In the workplace, that translates to apps that do not require company email addresses or company devices to use; a strong proportion of employees at Workplace’s bigger customers, such as Walmart (2.2 million employees) and Starbucks (nearly 240,000 employees) do not sit at desks and, until relatively recently, would not have been using any kind of PC or phone on a regular basis on any average day.
But as smartphones have become as ubiquitous as having your keys and wallet, acceptance of having them and utilising them to communicate workplace-related information has changed, and that is the wave that services like Workplace are hoping to ride.
But despite the strong engine that is Facebook behind it, Workplace has a lot of challenges up ahead.
The company has not updated its total number of customers in over a year at this point — its last milestone was 30,000 customers, back in November 2017 — and today Facebook VP Julien Codorniou said that the company might put out a more updated number later this year.
“We’re not using that metric to communicate our success,” he said, “but we have to communicate growth, I feel the demand from the market.” Slack claims 500,000 organizations, over 70,000 of which pay; Teams from Microsoft has some 329,000 customers, the company says.
There is also the issue of how a customer win is actually translating to usage. Last month, a much smaller competitor, Crew, with 25,000 customers, noted that at least some of them were in fact those that Workplace was claiming to have secured.
“Starbucks is theoretically using Workplace, but it’s been deployed only to managers,” Crew CEO Danny Leffel told me. “We have almost 1,000 Starbucks locations using Crew. We knew we had a huge presence there, and we were worried when Facebook won them, but we haven’t seen even a dent in our business so far.”
Codorniou said that this also doesn’t tell the full story. He describes the approach that Crew and others take as “shadow IT” in that the companies don’t talk to central HQ when winning the business. “You can’t give a voice to everyone by going in through the back,” he said. He also contends that it just takes time to deploy something across a massive business. “Workplace only works if you get 100 percent of the company using it,” he added. Notably, today Facebook announced that Nestle has already onboarded 210,000 customers to Workplace.
There is also the bigger question of how these products will develop technically to further differentiate from the pack. For now, it feels like Slack still reigns supreme when it comes to desktop knowledge worker functionality — even without usefully threaded comments — because of the fact that you can integrate virtually any other app you might want to into its platform.
Crew, meanwhile, has differentiated by focusing on providing handy tools to help businesses managing scheduling for shift workers, who comprise the majority of its user base.
While others like Teams, and yes, Workplace, have also added in integrations and their own functionality — Workplace’s most interesting features, I think, are how it has translated consumer-Facebook features like Live into the Workplace environment. But there is still a lot of space for apps to consider what other features and functionality will be most useful and stick for the most employees and for the business customer at large.
It will be interesting to see how and if this is affected by way of a key leadership appointment. Last month, Facebook appointed a new “head” of Workplace, Karandeep Anand, who came to Facebook three years ago from Microsoft (and thus has a close understanding of enterprise software). Codorniou said Anand be relocating to London, where Workplace is developed, and will focus on the technical development of the product while Codorniou focuses on sales, client relations and business development.
Technical leadership for Workplace had previously come straight from CTO Mike Schroepfer, Codorniou said. “We decided that we needed someone full time, here in London,” he said.
It’s not clear if Workplace’s win at Nestle is replacing another product: it seems, however, that it is more likely a trend of how more businesses are making an investment in company-wide communications platforms where they may never have had one before, in hopes of it helping keep employees switched on, linked up, and generally more happy and feeling less like expendable cogs.
“Nestlé is a people-first environment,” said EVP Chris Johnson, in a statement. “We really rely on our talented teams to manage more than 2,000 Nestlé brands worldwide. We help our employees develop and we give them the right tools, so Workplace is a perfect fit.”
Posted by Richy George on 3 January, 2019This post was originally published on this site
Social media has become a primary conduit for getting the word out, in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to make sure it has a foothold in the medium. Cision, which provides press release distribution, media monitoring and other PR services to businesses and the media industry, has acquired Falcon.io, a startup founded in Denmark that lets companies post, manage and analyse their presence on social media platforms.
Terms of the deal are not being disclosed, the companies tell me, but the whole of the Falcon team, including CEO/founder Ulrik Bo Larsen, are joining the company, where they will continue to operate its existing product set as well as integrate it into Cision’s wider business. The last valuation noted in April 2017 at the Danish Companies House was about $52 million (€45 million), but they have been growing very rapidly, and one source tells us that the price paid was around $200-$225 million, while Danish publication Borsen says it’s 800 million Danish kroner, or around $122 million. I’m still trying to get more detail.
Falcon had raised around $25 million according to PitchBook, and it has never disclosed its valuation. Cision — well-known to many journalists — is publicly traded and currently has a market cap of just under $1.6 billion. For some context, two other prominent social media management firms that compete with Falcon, Sprout Social and Hootsuite, are respectively valued at $800 million and anywhere between $750 million and $1 billion (depending on who you ask).
The latter two are bigger firms — Falcon has around 1,500 businesses as customers that use it to manage their social profiles and read social sentiment across platforms like Facebook, Twitter and LinkedIn, while Sprout says it has around 25,000 and Hootsuite counts millions of individual users — and both have raised significantly more capital, but their valuations underscore the demand that we’re seeing for platforms and user-friendly tools to target the world’s social media users — estimated to number at upwards of 2.5 billion people globally.
Kevin Akeroyd, who came on as Cision’s CEO after long stints at both Oracle and Salesforce, among other places, describes Falcon as a “top five” social media marketing and analytics firm, and in an interview he said that the new acquisition will form a key part of the “communications cloud” that Cision has been building.
As with Salesforce, Oracle and Adobe (which also use similar cloud-themed terminology to describe their product suites), Cision’s strategy is to build a one-stop shop for customers to manage all their communications needs from one platform. Falcon itself may be smaller than its competitors, but the idea is that it will be cross-sold to Cision’s customers, which currently number 75,000 businesses.
“We’re seeing too many of our customers using one application for content, another for something else, and so on. There are too many apps,” Akeroyd said. “We have always believed in earned media” — that is, media mentions that are not in the form of paid advertising — “and the role of influencers alongside paid and owned marketing. We believe we could provide the first solution for businesses across earned, communications services and public relations, helping to build a better data stack to measure and attribute what you are doing in comms.”
As social networking companies like Facebook and Twitter build more of their own tools in-house to serve the social media needs of organizations that want to better manage their profiles and interactions on these platforms, this has led to some consolidation and shifts among social media management companies. Some are merging or getting acquired, and some are shopping themselves around.
And in that wider trend, it’s not too surprising to see public relations firms get in on the action. Social media has completely changed the landscape for how information is disseminated today, sometimes complementing what traditional media organizations do — there are many examples of how newspapers and other news outlets leverage, for example, Facebook to grow and communicate with their audiences — and often replacing traditional media altogether. (Pew last month said that social media outpaced newspapers for the first time as a news source in the U.S., although TV and radio are still bigger than social… for now.)
Given that public relations management has long been the connecting link between organisations and media outlets, they have had to take a bigger step into social media in order to provide to their clients a more complete picture of the media landscape. Cision is not the first to have done this: Last year, Meltwater, another media monitoring firm, acquired DataSift to add social signals and traffic to its platform mix.
“This consolidation has to come because there is just too much value for the user,” Akeroyd said. “CMOs and CCOs do not want their own islands, they want something bigger.”
Posted by Richy George on 2 January, 2019This post was originally published on this site
Thunderbird, Mozilla’s desktop email client, doesn’t have anywhere near the amount of mindshare of the organization’s Firefox browser, yet even in this age of web-based email services, it still has a sizable user community. For 2019, those users can look forward to a faster and more beautiful application, Thunderbird community manager Ryan Sipes announced today.
Only a few years ago, Mozilla’s relationship with Thunderbird looked rather rocky. Back in 2015, the organization decided to decouple Thunderbird’s technical infrastructure from Firefox’s and to look for other organizations that would like to invest in it. In the end, though, Mozilla decided to keep Thunderbird in-house and not move it to another organization and continue to support the project. That gave Thunderbird some much-needed stability and as Sipes announced today, there are now eight full-time staffers who work on the project, with plans for hiring six more soon.
For 2019, the expanded team promises to make the application run faster and address performance issues — and to rewrite some parts of the client in an effort to build a multi-process version that can make better use of modern processors (it’s worth noting that Firefox went through a similar rewrite).
At the same time, Thunderbird will also get a few user interface updates, better notifications and, maybe even more importantly, better Gmail support. The current Gmail setup procedure isn’t actually all that complicated, but once you do have Thunderbird set up to work with your Gmail account, you don’t get access to many of Gmail’s proprietary features. To work around some of this, the Thunderbird team will soon offer better label support, for example.
Posted by Richy George on 24 December, 2018This post was originally published on this site
The good times kept on rolling this year for Salesforce with all of the requisite ingredients of a highly successful cloud company — the steady revenue growth, the expanding product set and the splashy acquisitions. The company also opened the doors of its shiny new headquarters, Salesforce Tower in San Francisco, a testament to its sheer economic power in the city.
Salesforce, which set a revenue goal of $10 billion a few years ago is already on its way to $20 billion. Yet Salesforce is also proof you can be ruthlessly good at what you do, while trying to do the right thing as an organization.
Make no mistake, Marc Benioff and Keith Block, the company’s co-CEOs, want to make obscene amounts of money, going so far as to tell a group of analysts earlier this year that their goal by 2034 is to be a $60 billion company. Salesforce just wants to do it with a hint of compassion as it rakes in those big bucks and keeps well-heeled competitors like Microsoft, Oracle and SAP at bay.
In the end, a publicly traded company like Salesforce is going to be judged by how much money it makes, and Salesforce it turns out is pretty good at this, as it showed once again this year. The company grew every quarter by over 24 percent YoY and ended up the year with $12.53 billion in revenue. Based on its last quarter of $3.39 billion, the company finished the year on a $13.56 billion run rate.
This compares with $9.92 billion in total revenue for 2017 with a closing run rate of $10.72 billion.
Even with this steady growth trajectory, it might be some time before it hits the $5 billion-a-quarter mark and checks off the $20 billion goal. Keep in mind that it took the company three years to get from $1.51 billion in Q12016 to $3.1 billion in Q12019.
As for the stock market, it has been highly volatile this year, but Salesforce is still up. Starting the year at $102.41, it was sitting at $124.06 as of publication, after peaking on October 1 at $159.86. The market has been on a wild ride since then and cloud stocks have taken a big hit, warranted or not. On one particularly bad day last month, Salesforce had its worst day since 2016 losing 8.7 percent in value,
When you make a lot of money you can afford to spend generously, and the company invested some of those big bucks when it bought Mulesoft for $6.5 billion in March, making it the most expensive acquisition it has ever made. With Mulesoft, the company had a missing link between data sitting on-prem in private data centers and Salesforce data in the cloud.
Mulesoft helps customers build access to data wherever it lives via APIs. That includes legacy data sitting in ancient data repositories. As Salesforce turns its eyes toward artificial intelligence and machine learning, it requires oodles of data and Mulesoft was worth opening up the wallet to provide the company with that kind of access to a variety of enterprise data.
But Mulesoft wasn’t the only thing Salesforce bought this year. It made five acquisitions in all. The other significant one came in July when it scooped up Dataorama for a cool $800 million, giving it a market intelligence platform.
What could be on board for 2019? If Salesforce sticks to its recent pattern of spending big one year, then regrouping the next, 2019 could be a slower one for acquisitions. Consider that it bought just one company last year after buying a dozen in 2016.
One other way to keep revenue rolling in comes from high-profile partnerships. In the past, Salesforce has partnered with Microsoft and Google, and this year it announced that it was teaming up with Apple. Salesforce also announced another high-profile arrangement with AWS to share data between the two platforms more easily. The hope with these types of cross pollination is that the companies can both increase their business. For Salesforce, that means using these partnerships as a platform to move the revenue needle faster.
Even while his company has made big bucks, Benioff has been preaching compassionate capitalism using Twitter and the media as his soap box.
He went on record throughout this year supporting Prop C, a referendum question designed to help battle San Francisco’s massive homeless problem by taxing companies with greater than $50 million in revenue — companies like Salesforce. Benioff was a vocal proponent of the idea, and it won. He did not find kindred spirits among some of his fellow San Francisco tech CEOs, openly debating Twitter CEO Jack Dorsey on Twitter.
Speaking about Prop C in an interview with Kara Swisher of Recode in November, Benioff talked in lofty terms about why he believed in the measure even though it would cost his company money.
“You’ve got to really be mindful and think about what it is that you want your company to be for and what you’re doing with your business and here at Salesforce, that’s very important to us,” he told Swisher in the interview.
He also talked about how employees at other tech companies were driving their CEOs to change their tune around social issues, including supporting Prop C, but Benioff had to deal with his own internal insurrection this year when 650 employees signed a petition asking him to rethink Salesforce’s contract with the U.S. Customs and Border Protection (CBP) in light of the current administration’s border policies. Benioff defended the contract, stating that that Salesforce tools were being used internally at CBP for staff recruiting and communication and not to enforce border policy.
Regardless, Salesforce has never lost its focus on meeting lofty revenue goals, and as we approach the new year, there is no reason to think that will change. The company will continue to look for new ways to expand markets and keep their revenue moving ever closer to that $20 billion goal, even as it continues to meld its unique form of compassion and capitalism.
Posted by Richy George on 20 December, 2018This post was originally published on this site
One of the biggest providers of domain names and web hosting in Europe is changing hands today. One.com, which has around 1.5 million customers mainly across the north of the region, has been sold by private equity firm Accel-KKR to Cinven, another PE player that focuses on investments in Europe.
Terms of the deal are not being disclosed, but as a rough guide, Cinven once owned and sold another European hosting provider of comparable size: it acquired Host Europe Group in 2013 for $668 million and then sold it in 2016 for $1.8 billion to GoDaddy two years ago almost to the day. At the time of the sale, Host Europe Group also had about 1.5 million customers.
One.com and its business segment represent a significant, if not wildly evolving, part of the tech landscape: for as long as businesses and consumers continue to use the web, there will be a need for companies who sell and host domain names and provide services around that.
With a catchy domain name of its own, One.com has been riding the wave of that solidity of purpose for several years already. KKR-Accel says that organic growth at the company has been accelerating at a rate of 20 percent and that revenues under its four-year ownership doubled to €60 million ($69 million) with profitability growing 50x on a marketing pitch in which it positions itself as the ‘budget’ option to businesses.
“The vision of One.com since its founding has been to deliver value-added and easy-to-use solutions to small- and medium-sized businesses and prosumers,” said Jacob Jensen, Founder and CEO of One.com, in a statement. He is staying on to continue leading the company.
Cinven says it is interested in growth the business by way of acquisition, specifically: “There are opportunities to accelerate the growth of the business organically and through acquisition.”
In other words, expect some consolidation moves in the future where some of the smaller providers in Europe potentially get gobbled up to create a bigger entity with better economies of scale. That’s needed not just because GoDaddy has ramped up its presence here, but because the likes of Amazon has only grown in stature and provides a number of other services to users to make its offerings more sticky.
“We are very excited to invest in One.com alongside Jacob. It is a high quality business with an attractive brand and scalable technology platform, operating in a market with structural growth drivers,” said Thomas Railhac, Partner at Cinven, in a statement. “This is a subsector we know well through Cinven’s successful investment in HEG in Fund 5, continuing to invest in both the organic growth story and targeted acquisitions.”
Posted by Richy George on 19 December, 2018This post was originally published on this site
When it comes to shift workers communicating with each other in the workplace when they are not face-to-face, gone are the days of cork announcement boards. Now, the messaging app is the medium, and today one of the startups tackling that opportunity in a unique way has raised a round of funding to get to the next stage of growth.
Crew, a chat app that specifically targets businesses that employ shift workers who do not typically sit at computers all day, has now raised $35 million in Series C funding from DAG Ventures, Tenaya Capital, and previous backers Greylock Partners, Sequoia Capital, Harrison Metal Capital and Aspect Ventures. With the funding news, it’s also announcing the launch of a new feature called Crew Enterprise, which helps businesses better manage messaging across large groups of these workers.
The funding and new product come on the heels of the company hitting 25,000 organizations using its service — many of them multi-store retailers with an emphasis in the food industry, household names like Domino’s Pizza and Burger King — with some strong engagement. Its users are together sending some 25 million messages or responses to other messages each week, on average six times per day per user, with more than 55 percent of its whole user base logging in on an average day.
There are quite a lot of messaging apps out in the market today, but the majority of them are aimed at so-called knowledge workers, people who might be using a number of apps throughout their day, who often sit at desks and use computers alongside their phones and tablets. Crew takes a different approach in that it targets the vast swathe of other workers in the job market and their priorities.
As it turns out, co-founder and CEO Danny Leffel tells me that those priorities are focused around a few specific things that are not the same as those for the other employment sector. One is to get the latest shift schedules for work, especially when they are not at work; another is to be able to swap those shifts when they need to; and a third, largely coming from the management end, is to make sure that everything gets communicated to the staff even when they are not in for work to attend a staff meeting.
“Some of the older practices feel like versions of a Rube Goldberg machine,” he said. “The stories we hear are quite insane.” Shift schedules, he said, are an example. “Lots of workplaces have rules, where you can’t call in to check the schedule because it causes employees to come off the floor. One hotel manager told us he couldn’t hold staff meetings with everyone there because he runs a 24/7 workplace so some people would have to come in especially. One store GM from a supermarket chain told us that the whole store has only one email address, so when an announcement goes out, the GM prints that and hands it to everyone. And the problems just compound when you talk to them.”
Crew is by no means the only business internal messaging service that is aiming to provide a product specifically for shift workers. Workplace, Facebook’s own take on enterprise communications, has also positioned itself as a platform for “every worker,” and has snagged a clutch of huge clients such as Walmart (2.2 million employees globally) and Starbucks (254,000) to fill out that vision.
Leffel, however, paints a sightly different picture of how this is playing out, since in many cases even when a company has been “won” as a global customer that hasn’t translated to a global roll out.
“Starbucks is theoretically using Workplace, but it’s been deployed only to managers,” he said. “We have almost 1,000 Starbucks locations using Crew. We knew we had a huge presence there, and we were worried when Facebook won them, but we haven’t seen even a dent in our business so far.”
Leffel has had previous some experience of getting into the ring with Facebook — although it hasn’t ended with him the winner. His previous startup, Yardsellr, positioned itself as the “eBay of Facebook,” working as a layer on top of the big social network for people to sell items. It died a death in 2013, when Facebook took a less friendly turn to Yardsellr using Facebook’s social graph to grow its own business (it was a time when it was cutting off apps from Zynga for similar reasons). Today, Facebook itself owns the experience of selling on its platform via Marketplace.
Crew seems to have found a strong foothold among enterprises in terms of its usefulness, not just use, which is one sign of how it might have more staying power.
A survey it conducted among 50,000 of its users found that 63 percent of leaders who use Crew report fewer missed shifts and 70 percent see increased motivation on their team. Crew worked out that among respondents, it is generating time savings of four or more hours per week for 93 percent of surveyed managers. And because of better communication, people are working faster when handing off things to each other on the front line, with a Domino’s Pizza franchisee sped up delivery punctuality by 23 percent as one example. (The company offers services on three tiers, ranging from free for small teams, Pro at $10 per month per location, to Enterprise priced on negotiation.)
Crew’s new enterprise tier is aiming to take the company to the next step. Today, Leffel says that a lot of its customers are buying on a location-by-location basis. The idea with Crew Enterprise is that larger organizations will be able to provide a more unified experience across all of those locations (not to mention pay more for the functionality). Managers can use the service to message out details about promotions, and they have a better ability to manage conversations across the platform and also get more feedback from people who are directly interacting with customers. Meanwhile, admins also gain better ability to manage compliance.
If some of this sounds familiar, it’s not just because Workplace is the only one who is also targeting the same users. Dynamic Signal and Zinc (formerly Cotap) are two other startups that are also trying to provide better messaging-based communications to more than just white-collar knowledge workers. Crew will have its work cut out for it, but there is a lot of room for now for multiple players.
“We are seeing a shift in the marketplace, going from absolutely don’t use your phone at work to don’t use it when customers are present,” Leffel said of the opportunity. “Some have started to change the rules to allow workers to use their own phones to perform price checks. We are solving for this evolving workflow.”
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Google Stadia App Lands on Play Store Days Ahead of November 19 Launch
The Google Stadia app is available for download on the Google Play Store, however the service has not been activated yet.
Google Stadia (Image for Representation: PhoneArena)
Last month, Google revealed the date for the official launch of Stadia, its cloud gaming service. As announced, the Google Stadia app is scheduled to have a formal launch on November 19. However, days ahead of the launch, the service has now become available on the Android Play Store. While you can download it, you can't actually experience the service. Even players who have pre-ordered the Stadia Founders or Premiere Edition cannot use the app at the moment.
Upon opening the Stadia app, the user will see a screen promoting Destiny 2. This is expected to be one of the first games that will be offered to Stadia users. On clicking the “Get Started” link, one is redirected to the screen that says “Waking up the GPUs.” The app then asks for your Google account confirmation. Make sure you fill it correctly as you won't be able to change the settings later, after which, you will be asked to punch in your invite code. At the moment, no invite codes have been sent, making Stadia inaccessible beyond this point.
It is to be noted that Google’s Stadia app will be available on both Android and iOS. For Android phones, one needs to have a device that is running on Android 6.0 Marshmallow or above. Google Play-enabled Chromebooks cannot access the app as of yet. By no means will Stadia support these devices at launch. In fact, only Pixel phones and Chrome OS tablets will be supported initially. However, the app can still be used to purchase games and manage the account on other devices.
Post its launch on November 19, Google Stadia service will be available to users in the US, Canada, UK, Ireland, France, Germany, Spain, Netherlands, Belgium, Denmark, Norway and Finland. You can download the Stadia app from Google Play Store using the link.
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KeyedIn Solutions expands to Africa
INDUSTRY| Aug. 14, 2012, 6:56 p.m.
KeyedIn Solutions, a global SaaS (Software as a Service) solutions provider and consulting organization, has announced the opening of its new office in Johannesburg, South Africa. The news follows the opening of the company's Monterrey, Mexico office, giving this quick-growing company presence in nine U.S. cities, the United Kingdom, Australia, Latin America and now, Africa.
As flexible SaaS solutions have proliferated through the business and technology arenas, KeyedIn Solutions has quickly mobilized to provide a global presence for the company's consulting services and on-demand, web-based project portfolio management (PPM), program management office (PMO) and professional service automation (PSA) applications.
The office will be led by Hugh Muller, Director of Channel and Ecosystems in Africa. A channel sales veteran in the region, Muller brings more than 17 years of business development, sales and strategic channel growth experience to his new position with KeyedIn Solutions. Muller has executed successful projects in numerous countries, drawing on a broad and deep background of business development, commerce and IT experience.
"Hugh embodies the organizational strengths of our company -- the ability to deliver cutting-edge, transformational technology with a deep understanding of the businesses that need it," said KeyedIn Solutions CEO Lauri Klaus. "He's given us a strong foothold in the vibrant African market and we look forward to Hugh's contributions to the company's success."
Sales inquiries from Africa may be directed to firstname.lastname@example.org.
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Xiaomi sub-brand Redmi has announced that it has successfully implemented an in-display fingerprint scanner in an LCD screen. Vice President and General Manager of Redmi China, Lu Weibing, shared a post on his Weibo page stating that the company’s R&D team has been able to achieve this feat that will allow the company to mass produce this technology. Lu also shared a short video clip of a prototype Redmi Note 8 Pro with the alleged in-display fingerprint scanner in an LCD screen.
The post shared by Weibing states that there is an IR blaster behind the screen that emits infrared light. The high-transmittance film material that the company has used allows the infrared light to pass through the screen. This light is then reflected back at the fingerprint sensor that then gives the phone a fingerprint. The video shows the fingerprint being recorded on the screen and it looks like a regular in-display fingerprint scanner. The 15-second clip of the prototype Redmi Note 8 Pro first shows the registration process and then the unlocking process that seems just as fast as any other in-display fingerprint scanner.
Up till now, in-display fingerprint tech has only been possible with OLED screens, and LCD screen phones needed to have their fingerprint scanners either on the back or on the side. But now, looks like Xiaomi-sub brand has found a solution to this problem. This also means that in-display fingerprint tech can reach the more budget friendly phones that have LCD screens.
In the race of getting the bezels as slim as possible, manufacturers have been thinking of innovative ways to implement fingerprint scanners and in-display fingerprint scanners were a step in that direction. OLED screens provided the perfect medium for this as they were thin and light could easily pass through them but LCD screens, being relatively thicker, could not make use of this tech.


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Stocks gained yesterday, sending the Standard & Poor's 500-stock index to a four-year high, after the Federal Reserve said the economy is expanding without inflation and a report showed an unexpected rise in durable goods orders.
Better-than-expected sales at Amazon.com, the world's largest online retailer, and a higher profit forecast from Boeing, the No. 2 commercial aircraft maker, also gave a lift to benchmark indexes.
"This economy is quite strong," said Richard Hoey, chief investment officer at Dreyfus Corp. in New York, which has $160 billion in assets. "I've been very much an advocate of stocks, especially the high-grade stocks, because I see a multiyear economic expansion with rising profits."
The S&P 500 gained 5.63, or 0.5 percent, to 1236.79, the highest since June 2001. The Dow Jones industrial average gained 57.32, or 0.5 percent, to 10,637.09. The Nasdaq composite index rose 10.23, or 0.5 percent, to 2186.22.
Boeing advanced 35 cents, to $66.70. The company said 2005 per-share profit will be $2.75 to $2.85, up from its April forecast of $2.60.
Johnson & Johnson gained $1.87, or 3 percent, to $64.54, for the biggest jump in the Dow average.
Sprint advanced $1.40, to $26.37. The No. 3 U.S. mobile-phone company reported second-quarter profit that exceeded analysts' estimates.
Corning, the biggest maker of liquid-crystal-display glass for televisions and computers, increased 97 cents, to $19.17, as its third-quarter profit forecast beat analysts' estimates.
Delta Air Lines plunged 40 cents, or 11.8 percent, to $2.99, for the steepest decline in the S&P 500. Chief executive Gerald Grinstein told employees in a memo that "more must be done and be done quickly" to restore profitability as Delta tries to avoid filing for bankruptcy protection.
McDonald's, the world's largest restaurant chain, declined 28 cents, or 0.9 percent, to $30.08, for the biggest drop in the Dow average after the Department of Agriculture said it may have found a third case of mad cow disease. Wendy's International, the No. 3 U.S. hamburger chain, fell 79 cents, to $45.06.
New York Stock Exchange composite index rose 37.37, to 7465.44.
American Stock Exchange index rose 10.08, to 1566.97.
Russell 2000 index of smaller-company stocks fell 3.80, to 670.78.
NYSE: 1.98 billion shares, up from 1.93 billion on Tuesday. Advancers outnumbered decliners 3 to 2.
Nasdaq: 1.78 billion shares, up from 1.68 billion. Advancers outnumbered decliners 8 to 7.
Crude oil for September delivery: $59.11, down 9 cents.
Gold for current delivery: $424.70 a troy ounce, up from $423.40 on Tuesday.


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Dell's Latitude 7320 laptop hasn't been redesigned by much since last year's 7310, but it's still an excellent machine. But now, it comes with Intel's 11th-generation 'Tiger Lake' processors.
Windows 11 22H2 build 22621.160 (RTM) gets File Explorer Tab navigation
tabbed file explorer
Windows 11 in the Dev Channel fixes Windows Security app issues, and more
windows 11 insider preview
Articles by Rich Woods Advanced search
Lenovo's ThinkBook 14 Gen 2 is the latest from its SMB laptop lineup, and with AMD Ryzen 4000 processors and a premium aluminum build, it sure packs a punch considering the low price point of $629.85.
Huawei's latest MateBook X Pro isn't a redesign from any of its predecessors, and while that makes for a great overall experience, it does leave the webcam located in the keyboard.
Today, Microsoft is releasing its newest major Edge update in the Stable channel, which is version 90. With it comes Kids Mode, which is design to provide a safer environment for chilldren.
Today, Acer announced its new ENDURO Urban brand, which is designed for rugged use on the road, and for play when off the road. Included is both a new Windows laptop and an Android tablet.
Today, Microsoft released Windows 10 Insider Preview build 21359 to the Dev channel, and once again, it's from the co_release branch, meaning that there isn't much in the way of new features.
Today, TCL announced a trio of new phones to add to its 20 series lineup. Included are the TCL 20 Pro 5G, the TCL 20L+, and the TCL 20L. The Pro has a 6.7-inch AMOLED display and a Snapdragon 750G.
Today, Microsoft released new cumulative updates for all supported versions of Windows 10, as it typically does on the second Tuesday of the month, otherwise known as Patch Tuesday.
Apple today began sending out invitations for its next big event to journalists. It will be held on April 20, and unsurprisingly, it will be a virtual event that anyone can live-stream.
In he fine print of the Surface Laptop 4 announcement, Microsoft confirmed that its Surface Duo smartphone is coming to more markets, at least for business and educational customers.
Microsoft announced its Surface Laptop 4 today, packing a choice of Intel and AMD processors. The company boasted a lot of choice for consumers, so these are the various SKUs available.
Today, Adobe announced a bunch of new video editing improvements for Premiere Rush and Premiere Pro, including better support for Apple M1, support for Galaxy Note20 phones, and more.
Alongside the Surface Laptop 4, Microsoft is announcing a bunch of new peripherals, such as the Surface Headphones 2+, some new wired and wireless headsets, a webcam, and a speaker.
Today, Microsoft announced its newest laptop, the Surface Laptop 4. It now comes in Ice Blue, and of course, there are newer processors from both Intel and AMD that you can choose from.
Today, Dell is announcing a refresh of pretty much the whole lineup of portable Inspiron PCs, including a new Inspiron 16 Plus, which packs 11th-gen H-series processors, and RTX 30 series graphics.
Today, Dell announced that it's releasing its flagship XPS 13 laptop with a 4K OLED display. It's a 400-nit panel with a 100,000:1 contrast ratio, and you can purchase it today for $300 more.
HP's new Z2 Small Form Factor workstation is here, packing an 125W Intel 11th-generation CPU, along with an Nvidia Quadro RTX 3000 graphics card, 32GB RAM, a 512GB SSD, and a 1TB HDD.
Today, HP is announcing new workstations PCs from its Z lineup, particularly the Z2 Tower and Z2 SFF, although the rest of the series is also getting new Nvidia Quadro RTX graphics cards.
Lenovo's ThinkPad X1 Titanium Yoga is a wildly good convertible. It's got a 3:2 display, a unique design, and it weighs in at just over 2.5 pounds. It's also thinner than some smartphones.
The OnePlus 9 series is here, packing new Snapdragon 888 chipsets, 120Hz displays, and a camera system that was developed in collaboration with Hasselblad. But there's tough competition.
Today, Microsoft is releasing a round of firmware and driver updates for its Surface Studio 2 all-in-one PC. All that's listed as improved are security updates and system stability.
Today, Lenovo is announcing its second-generation 5G gaming phone, the Legion Phone Duel 2. It's got a Snapdragon 888 chipset, and it actually has fans for an active cooling system.
Alongside of a new Windows 10 Insider Preview build today, Microsoft released new ISO images for those that want to do a clean installation of the OS. The ISO aligns with the new build.
Microsoft today released this week's Windows 10 Insider Preview build, bringing the build number to 21354. It has a bunch of new features, including putting Microsoft Paint in the Store.
Google released yet another bug fix update for Android 12 Developer Preview 2 today. This time though, it includes a bunch of fixes along with the April Android Pixel Security Update.
Right on schedule, Microsoft today released a new build of its Edge browser in the Dev channel. All of the new features are pretty minor, and as always, it also includes a bunch of fixes.
Today, Apple released new developer betas of the next versions of iOS, iPadOS, watchOS, and tvOS. The big new feature is that you can unlock your iPhone with an Apple Watch, and more.
Today, Microsoft published a roundup post to outline new features that are available in Microsoft 365 for individuals and families, such as voice recognition in Outlook for iPhone and more.
Google has officially announced the dates of its next I/O developer conference. It will be held between May 18th and May 20th, and as you'd expect, it will be a free virtual event.
Microsoft has published the drivers and firmware bundles for its upcoming Surface Laptop 4 PC. There are variants for both AMD- and Intel-powered models, although they don't reveal other details.
Today, Samsung announced that it's bringing its 2021 Galaxy A series to the United States. That includes the entry-level Galaxy A02s and Galaxy A12, along with higher-end models like the A52 5G.
After announcing back in 2017 that Microsoft Paint was going to be making a move to the Microsoft Store, that never actually happened, although the store listing has finally shown up.
Today, Dell introduced a couple of AMD-powered gaming laptops, including the first Alienware gaming laptop that has an AMD chip in it since 2007. They use Ryzen 5000 processors, RTX 30, and more.
This morning, Google sent out an email to its Nest mailing list with an image of Pixel Buds never seen before. The dark green earbuds are likely the currently unannounced Pixel Buds A.
The latest Android Pixel Security Update promised improvements in graphics-intensive apps and games, but according to some testing, the performance improvement is a lot more than you'd think.
Today, Intel announced its third-generation Xeon Scalable processors, which are made for data centers. The new 10nm chips offer up to 40 cores per processor, and promise a 46% improvement.
Microsoft today released a new Surface Pro 7 advertisement, targeting the iPad Pro instead of something like the MacBook Air. It looks at the kickstand, the keyboard, and of course, ports.
Over the weekend, Microsoft pushed out some updates for its Surface Book 2 detachable PC. The main improvements have to do with graphics performance, but it also has some security fixes.
Today, LG announced that after months of rumors, it's officially shutting down its mobile phone business. It's still going to focus on mobility-related technologies such as 6G connectivity.
Lenovo's ThinkPad P17 is just a beast of a laptop, and in fact, using it was more like using a desktop. It packs a ton of power, with Intel Xeon processors and Quadro RTX graphics with 16GB GDDR6.


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Venture capital fund Nexus Venture Partners today said that it had closed Fund IV with committed capital of more than $450 million. Most of the funding was raised from long-term investors who had participated in previous funds.
Nexus invests seed and early stage capital across enterprise technology, consumer and business services. Startups that got Nexus funding include e-commerce major Snapdeal, online marketplace for used goods OLX, hotel room aggregator Stayzilla, online marketplace ShopClues and Craftsvilla.
It has also invested in hyperlocal logistics players Delhivery and RoadRunnr, Netmagic and Suminter. The company began operations in 2006 and has invested in over 60 companies. Including the new fund, Nexus now has over $1 billion invested in various startups.
Investors in Fund IV include endowments, foundations, and financial institutions across North America, Europe and Asia. Nexus Venture Partners has three earlier funds. Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid-2008 and Fund III ($270mn) in end 2012.
“We are thankful to our investors that continue to back us and believe in our investment philosophy. Most significantly, the Nexus team is fortunate to have exceptional entrepreneurs partner with us on their journey to build market-leading companies,” said Naren Gupta, co-founder and managing director.


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Just days after the announcement of the hybrid Samsung Galaxy Note, the pricing for it is out, earlier than expected. Sammy-branded 1.4 GHz dual-core CPU to end is a Â letdown: the Galaxy Note is expected to top the charts in pricing, as it’s being reported that we should see the device show up in Scandinavia by year’s end for no less thanÂ , $665 in the US and about Rs. 34,990 in India. It will make the HTC Puccini aka HTC Jetstream, the 10 inch Tab, look like a bargain, Â Engadget Â reported
We that high price Tag, we thing it is worth a miss, 5.3 inch Tab cum Phone was Â excepted Â with a price tag around INR 35,000, in which, case would have been a must buy, it falls in the pointless arena.
UPDATE 1: 2nd November 2011: Samsung Galaxy Note will cost INR 34,990, in India and will come with a FREE Leather case
The DNetWorks Team


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BANGKOK, 19 August 2015 – The Ministry of Agriculture and Cooperatives is inviting the public to visit a livestock fair, which is taking place now until September 16th in Nontaburi to promote the livestock industry in Thailand.
According to Ministry of Agriculture and Cooperatives Deputy Minister Amnuay Patise, the event organized by the Royal Irrigation Department and the Department of Livestock has also adopted the name ‘Khlong Padung Krung Kasem Market’.
It is aimed at increasing distribution channels for livestock farmers and for consumers to find quality livestock products at affordable prices.
According to Mr. Amnuay, the exports of meat products and live animals last year were worth more than 130 billion and 19.3 billion baht, respectively.
Chicken was the most popular meat export in 2014, accounting for 79 billion baht. Farmers are also able to connect with businessmen at this event.
Consumers have also been assured of the quality and hygiene of meat products available at the market, which opens from 10.00 – 20.00 hrs.
A similar market is expected to be held in Samutprakarn and Pathumthani provinces as well as in Thawiwattana district of Bangkok.


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Just imagine an online world where you are totally anonymous. Every click, website visited and item ordered is hidden and can’t be traced back to you.
Welcome to the ‘Dark Web’ — a criminal’s paradise, where crooks can trade in drugs and weapons, stolen credit card details and counterfeit goods.
And because activity in this internet underground cannot be traced, they can operate undetected by the police.
Surfing the Dark Web: Reporter Amelia with independent cyber-security expert Chris Underhill
For years, experts have warned that fraudsters use the Dark Web to buy and sell our personal data, which they can then exploit to con victims out of their life savings.
So I’ve come to Devon to meet Chris Underhill, an independent cyber-security expert, to see for myself what is going on in this part of the internet.
It may surprise some but you don’t need a complicated computer system and endless encrypted passwords to access the…


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Italians spent 12% less on food in 2013 than in 2007
Supermarket sales down, discount store sales up07 April, 18:49
Total food spending dropped from 129 billion euros in 2007 to 114 billion euros in 2013, the data showed. Currently, one in two Italians buys only essential food products, with supermarkets sales dropping by 1.3% and hypermarket sales down by 1.9% overall.
Discount store sales increased by 1.6% as some 6.5 million families said they shop regularly in discount stores.
While just 23% still choose more expensive brand products, 85% of supermarket shoppers said they have cut out all the extras and 42% said they regularly look for convenience or family formats. In addition, 59% said they have given up eating in restaurants, while 21% have gone back to DIY methods in the kitchen rather than opting for store-bought cakes, bread, and hand-made pasta.