Innovative Ergonomic Solutions | June 07, 2022
Innovative Ergonomic Solutions (IES), a private equity-backed platform with a collection of inventive brands focused on increasing productivity wherever work happens through better ergonomics, has named Steven Bramson CEO, effective today. Bramson has served as IES President since joining the organization in August 2021. In this elevated role, he will be responsible for setting the company's vision, the strategies to accelerate growth and profitability, and to drive overall success for the organization.
Bramson will also oversee IES's diversified, global portfolio of brands. These include: HAT Collective, which serves the contract office market with intuitive, ergonomic products such as height-adjustable tables, monitor arms, seating, power and accessories; HAT Collective Healthcare, a division of HAT Collective, which provides point of care products like mobile carts and wall mounts; Innovative Design Works (IDW), which serves as an original equipment manufacturer (OEM) and designer of monitor arms, tablet mounts and point of sale systems for customers ranging from hospitality to retail; and several e-commerce brands.
"Steven brings deep knowledge of the markets we serve and is well positioned to lead IES at this time in the company's lifecycle, He is a proven leader who can solve challenges, unite people and create new opportunities. He is a great fit to the lead the team and serve our customers."
-IES Executive Chair and commercial furnishings industry veteran Kris Manos.
Mark Woods, Non-Executive Chairman of IES, and Partner and Head of North American Private Equity at Cathay Capital, the controlling shareholder of IES, commented: "During his time at IES, Steven's vision, leadership skills and business acumen have been instrumental in strengthening the existing IES platform while identifying significant growth avenues. Steven is relentless in his pursuit of excellence, and we are confident he will create significant value for all stakeholders."
Bramson brings more than 25 years of experience to the position. Prior to joining IES, he was the President of Humanscale North America, a leading manufacturer and global provider of ergonomic products and high performance seating. During his tenure there, he oversaw many of the company's largest divisions, implemented new organizational strategies and helped deliver significant revenue growth and increased market share.
About Innovative Ergonomic Solutions
Innovative Ergonomic Solutions is a private equity-backed platform with a collection of inventive brands focused on ergonomic workspace products and services that improve the health, wellness and productivity of users across a multitude of environments. IES serves a broad range of channels and markets including both corporate and home office, healthcare, hospitality, retail and point-of-sale. Its brands include HAT Collective, Innovative Design Works and others that serve the e-commerce market. IES is committed to product excellence and supporting the growth of ergonomics across North America, Europe, and Asia.
About Cathay Capital
Cathay Capital Group is a global investment firm supporting companies at all stages throughout North America, Asia, Europe and Africa. By helping navigate the opportunities of globalization and sustainable transformation, Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its global platform connects people – from investors and entrepreneurs to management teams and leading corporations – across continents to share knowledge, the tools to scale, and achieve the extraordinary. Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages over $4.5B in assets, has completed over 220 buyouts, growth and venture capital investments with the global reach and local expertise from offices in Paris, New York, Shanghai, Munich, San Francisco, Beijing, Singapore, Shenzhen and Tel Aviv.
Mercator Advisory Group | January 04, 2022
Mercator Advisory Group released a report covering the credit cards issued for small businesses titled Small Business Credit Cards: Growth Opportunities in a Post-COVID World. The research explains current markets, reviews programs offered by top issuers, and suggests that issuers look at four current fintech models to revitalize their view of this rich market. With two thirds of the U.S. GDP driven by small businesses, there is a large audience to harvest. Program designs need to do more than just generate reward points; they need to provide the small business owner with tools to reduce costs, understand their spend, and prepare the small business for growth.
The research explains how fintechs are redefining the small business card space and what traditional issuers need to think about over the next three years.
"Fintech Buy Now, Pay Later should be a learning experience for all credit card issuers, You cannot keep doing the ‘same old thing’ or new players will disrupt your model. Small business credit cards are more than just reward generators. Issuers need to keep the product engaging with tools and value-added features.”
-Brian Riley, Director, Credit Advisory Service, at Mercator Advisory Group
Highlights of the research note include:
Small business sector description and characteristics
Card-by-card review of top issuer small business credit cards
Risks and Opportunities for small business credit cards
Fintechs in the small business credit card sector
Selected topics form the Mercator Advisory Group Small Business PaymentsInsights survey
This document contains 26 pages and 17 exhibits.
Companies mentioned in this research note include: American Airlines, American Express, Alaska Airlines, Apple, Bank of America, Barclaycard, Bento, Brex, Capital One, Chase, Citi, Costco, Delta Airlines, Discover, FIS, Fiserv, Goldman Sachs, Hyatt Hotels, Jet Blue, Kabbage, Lowes, Marriott, Mastercard, Pex, Southwest Airlines, TSYS, Tribal Credit, U.S. Bank, United Airlines, Visa, Wells Fargo, Wyndham Hotels
Members of Mercator Advisory Group's Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors.
Conflux | March 10, 2022
Conflux, the only regulatory compliant public blockchain network in China, today announced the addition of a Proof of Stake (PoS) Finality Chain that expands on the network's existing Proof of Work (PoW) chain. Conflux is also launching eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem.
The two major features are being released as part of the network's Hydra hard fork, a long-awaited update to Conflux. Both upgrades aim to bring more flexibility to developers building on Conflux while also enhancing security against potential attacks.
Conflux's new PoS Finality Chain will work alongside the main PoW chain. PoS validators will be able to vote on confirmed pivot blocks. Once a pivot block is voted, all PoW nodes are forced to follow pivot blocks that are voted by the PoS Finality Chain and the transaction is considered irreversible. The PoW chain will still be used to maintain the record of all transactions realized in the Conflux network.
The Finality Chain will also significantly increase the security of the network and protect it against 51% attacks, which have been successfully carried out against other PoW networks.
The move to add PoS functionality to the network comes as Conflux gears up to expand its ecosystem to attract a wide range of new projects and dApps that can benefit from the hybrid approach. By layering the best of both PoW and PoS, Conflux is enhancing its utility and security for the next wave of Web3 innovation.
Conflux smart contracts executed in the Conflux Virtual Machine (CVM) are EVM-based but include added features and expanded data structures that diverge from the original EVM specification. To make it even easier for Ethereum developers to build on Conflux, eSpace introduces a fully-compatible EVM smart contract execution environment.
eSpace allows developers to easily deploy and execute EVM-compatible smart contracts without any additional work. A dedicated environment within Conflux, eSpace enables developers to use existing tools from the Ethereum ecosystem, such as libraries (eg: web3.js, ether.js, etc.), wallets (eg: MetaMask, hardware wallets, etc.), and other developer tools (eg: Remix, Hardhat, etc.).
As more Web3 projects adopt a multi-chain approach, Conflux's eSpace offers a frictionless way for Ethereum developers to explore and tap into the Conflux community without any technical barriers.
Conflux is a permissionless Layer 1 public blockchain connecting decentralized economies across borders and protocols. Fast, scalable, and solidity compatible, with zero congestion and low fees, Conflux is transforming how the world transacts and leading the transformation to a sustainable, borderless economy.
As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux aims to connect decentralized economies to strengthen the overall DeFi ecosystem globally.
ETP | March 07, 2022
Asia's leading omni-channel technology solutions company, ETP Group launches its cloud-native e-commerce management platform, Ordazzle. It is built on a microservices architecture that helps e-commerce and omni-channel businesses achieve their true potential.
Ordazzle comprises of six components that work smoothly together, namely: Product Information Management, Smart Order Management, Inventory Management, Logistics Management., Marketplace Management, and API Management.
Using these modules, Ordazzle synchronises with a multitude of marketplaces, webstores, and logistics providers to help smartly manage any size of e-commerce business. Ordazzle helps manage new products and catalogues with flexible attributes, images, videos, inventory, promotions, and price updates. Handling many nodes across countries and allocating and routing orders to the right nodes, Ordazzle ensures that the right products reach the right customers at the right time & cost.
"Ordazzle is the result of an exhaustive domain experience of ETP that stems from the successful execution of over 500 enterprise software projects across 35,000+ stores for 300+ brands in last three decades. As the retail environment is digitally transformed, we are seeing an increasing need to centrally manage and unify retail's digital and physical presence while driving efficiency and reducing efforts and costs. Ordazzle addresses this need inherently and helps redefine the e-commerce management experience."
Neev Ahuja, Director – Sales & Marketing, Ordazzle
"Ordazzle helps e-commerce brands and businesses to make data-driven decisions to fulfill orders, make consistent product information available, manage stocks, and drive promotions accurately and effectively. With Ordazzle's industry-best multi-platform integration, e-commerce businesses can streamline their complex workflows across their e-commerce channels in real-time, sync inventory, manage logistics, and more importantly, and meet all the SLAs to elevate their e-commerce management, all from one platform." Veer Ahuja, Director – Solution Architecture, Ordazzle
Ordazzle is a cloud-native platform that helps e-commerce and omni-channel businesses achieve their true potential. It synchronizes with a multitude of marketplaces, webstores, and logistics providers to help smartly manage any size of e-commerce business. Ordazzle helps manage new products and catalogues with flexible attributes, images, videos, inventory, and promotion & price updates. Handling many nodes across countries and allocating and routing orders to the right nodes, Ordazzle ensures that the right products reach the right customers at the right time & cost. Ordazzle keeps you on top of things with updates on vital information on revenue, product performance, SLA achievements, and more through an intuitive dashboard.
Ordazzle is brought to you by ETP Group Pte Ltd. ETP is an Omni-channel Retail Software company serving market leaders in 24 countries across the Asia Paciﬁc, India and the Middle East regions. Having been in the retail industry for the last 30 years, our adding an e-commerce solution to our suite, was the logical next step. ETP's solutions include Omni-channel orchestration, POS, Mobility, CRM, Marketing Campaigns, Promotion Management, Order Management, Supply Chain Management and Analytics. ETP has successfully executed over 500 enterprise software projects across 35,000+ stores for 500+ brands. ETP's unique value proposition is its ability to consistently deliver enterprise grade Omni-channel solutions to its customers and build long term strategic partnerships spanning decades.