Semtech | May 27, 2022
Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Boluda Corporación Marítima, a leading global maritime services provider, will leverage an asset tracking solution from WITRAC, a Valencia-based company offering innovative technology solutions that connect and provide visibility to the value chain. Integrated with Semtech’s LoRa® devices and the LoRaWAN® standard, WITRAC’s Total Track & Trace Intelligent Platform transports cold chain assets in Boluda’s supply chain, providing citizens of the Canary Islands with the first daily transportation of cargo from the peninsula with over 350 successful voyages.
“Semtech’s LoRa devices offered a cost-effective solution for WITRAC’s Total Track & Trace Intelligent Platform. With ships transporting thousands of containers, installing a satellite modem in each container would make this type of solution economically non-viable, Employing a network using LoRaWAN as well as leveraging the LoRa 2.4GHz band allowed us to place a WITRAC device in every single container to share real-time offshore and onshore visibility to thousands of containers — an unmatched value for our customers.”
-Jose Pons Ballester, co-founder and CTO of WITRAC
Using a combination of LoRaWAN, Wi-Fi, BLE, and cellular connectivity options in the same hardware device, WITRAC’s Total Track & Trace Intelligent Platform provides real-time visibility and control of offshore operations. In addition to temperature monitoring, the platform’s “Perfect Route System” is able to geolocate a fleet’s vessels, allowing alerts to be set for deviations in fuel consumption, speed, routes, or miles traveled, which also permits shippers to take corrective measures en route.
The success of the platform led Boluda to implement WITRAC’s platform to monitor the location and temperature status of the fresh food and medicine on its seven container vessels traveling 700 miles from the Spanish mainland on the maritime corridor linking the Port of Cádiz to the island ports of Las Palmas and Tenerife.
“Remotely monitoring the location and temperature of assets during an entire cold chain was once viewed as a challenge. Through implementing LoRa devices and LoRaWAN, asset tracking has never been more simple and cost effective, WITRAC’s tracking solution is a valuable example of how LoRa and LoRaWAN networks can transform smart logistics to prevent loss or damage of assets no matter the distance.”
-Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group
WITRAC Co-Founder and CTO José Pons Ballester will be discussing the benefits of the Boluda “Daily Canarias” solution at the LoRaWAN World Expo taking place July 6-7, 2022, in Paris, France. Register for the conference here. To learn more about WITRAC’s Total Track & Trace Intelligent Platform, please visit here.
About Semtech’s LoRa® Platform
Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa technology provides the communication layer for the LoRaWAN® standard, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 170 countries. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a place to learn, connect, collaborate, and find resources to help accelerate your LoRa development process. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.
WITRAC helps companies be more efficient and competitive thanks to innovative technological solutions that connect and give visibility to the value chain of its clients. Able to identify, locate, measure, and control wirelessly and in real time, any asset, anywhere, WITRAC fabricates its own hardware and software based on the IoT and AI technology, in order to satisfy the industry's tracing needs. Its digitalization and automatization solutions combine multiple connectivity devices and protocols with a management platform, in order to generate data and transform it into useful information and valuable insights. Please visit www.witrac.es.
About Boluda Corporación Marítima
Boluda Corporación Marítima is the leading Spanish maritime group with more than 185 years of experience. It has a global presence, operating in Central America, South America, the Caribbean, Africa, Cabo Verde, the Indian Ocean and Europe. This love of hard work and affinity with the sea has been passed down between generations in the Boluda family and developed over time into a sector leading corporation. The company is organized into two strategic divisions: Boluda Towage and Boluda Shipping. And two smaller divisions: Boluda Port Services and VB Comisarios de Averías. Boluda Towage’s main focus is tugboat services, the core business and essential for facilitating traffic flow in the port area and provides port, coastal and offshore towing and sea salvage. This division has a fleet of 400 vessels present in the main ports of Europe, Africa, the Indian Ocean and Latin America. Boluda Shipping is the division providing maritime services in comprehensive transportation, logistics and international freight management. Its wide network of company offices in the main Spanish ports as well as a variety of international ports provide a single point of contact for all stopovers and port operations, with customer service and information provided 24/7 365 days a year. Find more information at www.boluda.com.es.
Semtech Corporation is a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
GXO Logistics | May 17, 2022
GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced a new partnership with Sente Foundry (“Sente”), a global startup investment and innovation platform that brings corporations, public institutions and investors together to discover high-potential technology startups with inventive ideas and scalable solutions that can help solve today’s greatest supply chain challenges.
“Our partnership with Sente reflects our ongoing commitment to providing our customers with cutting-edge automated solutions that increase safety, productivity, accuracy and scalability, We look forward to working with Sente to identify innovators around the world that are using emerging technologies to develop game-changing solutions to make logistics a competitive advantage.”
-Sandeep Sakharkar, Chief Information Officer, GXO
During the year-long collaboration, Sente will conduct a global search for and evaluation of the world’s most promising technology-focused startups. The start-ups will be selected specifically for their potential to help GXO meet its strategic priorities, including accelerating warehouse innovation for customers that are increasingly looking to automate their logistics operations.
Sente COO Gerod Carfantan, leader of Sente’s Supply Chain and Transportation domain, said, “We’re excited by this opportunity to connect GXO with startups with scalable groundbreaking ideas. Today’s logistics challenges are increasingly complex, and GXO has led the way globally with creative solutions, innovation and collaboration. We’re inspired by GXO’s mission to realize logistics at full potential and we look forward to helping the company achieve even greater success.”
About GXO Logistics
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.
About Sente Foundry
Sente Foundry, LLC (“Sente”) is a Chicago-based early-stage startup investment program that works with corporations, family offices, and institutional investors to connect startups with innovative and scalable opportunities using its unique “CVC-as-a-Service” platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partners. With Sente, startups can scale faster and do so internationally; investors get line-of-sight and a new way to invest in the world’s most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, have received over $35 million in funding, and have generated revenues exceeding $80 million. Find Sente online at sente.link, LinkedIn, and Twitter.
Lineage Logistics, LLC | April 18, 2022
Lineage Logistics, LLC (“Lineage” or the “Company”), one of the world’s leading and most innovative temperature-controlled industrial REITs and logistics solutions providers, announced it has signed a definitive agreement to acquire VersaCold Logistics Services (“VersaCold”), a leading cold chain solution provider in Canada, from TorQuest Partners (“TorQuest”) and its co-investment partners, The Investment Management Corporation of Ontario (“IMCO”) and OPTrust. Financial terms of the transaction were not disclosed.Founded in 1941 and headquartered in Vaughan, Ontario, VersaCold is a cold chain leader that runs 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its strategically-positioned network spans nine provinces and includes properties in Canada’s most populous metropolitan markets—including Toronto, Calgary, Vancouver, Edmonton, and Montreal. VersaCold also offers an integrated, asset-based inbound and outbound temperature-controlled transportation solution that operates out of nine terminals across the country and provides coast-to-coast service capabilities.
Our acquisition of VersaCold represents yet another milestone and an important broadening of our business in Canada,” said Greg Lehmkuhl, President and CEO of Lineage Logistics. In its 80-plus year history, VersaCold has built a stellar reputation by providing customers with differentiated and fully integrated warehousing and transportation solutions across Canada. We are excited to bring them into the One Lineage family and work alongside the VersaCold leadership team to better serve customers across North America. We also look forward to supporting capacity expansion plans at a number of warehouses across key Canadian markets.
"We look forward to embarking on this journey with Lineage Logistics, Lineage has emerged as a world leader in creating innovative solutions to help reduce waste across the temperature-controlled supply chain. Combining our seasoned team and our complementary facility network with Lineage will create an even more dynamic company capable of supporting the growing needs of our customers in Canada and around the globe.”
-Mike Arcamone, President and CEO of VersaCold Logistics Services.
TorQuest has enjoyed our partnership with Mike and the VersaCold team, and the opportunity to provide capital to invest in and reposition its facility network for the future” said Jonathan Fraser, Partner at TorQuest. “VersaCold has thrived under our ownership, and we are very pleased to have Lineage step in to drive the next chapter for the business. We are also excited to be investing in Lineage as part of this transaction and for our investors to participate in future value creation.
The acquisition is expected to close in the third quarter of 2022 subject to customary closing conditions.
Wells Fargo Securities, LLC acted as the exclusive financial advisor to VersaCold and TorQuest and Stikeman Elliott LLP served as legal counsel. JP Morgan Chase and Scotiabank acted as Lineage’s financial advisors and Latham & Watkins as well as Bennett Jones acted as its legal counsel.
About Lineage Logistics
Lineage Logistics is one of the world’s leading temperature-controlled industrial REITs and logistics solutions providers. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
About VersaCold Logistics Services
VersaCold is one of Canada's leading supply chain solutions companies focused exclusively on the handling of temperature sensitive food products. VersaCold delivers a suite of fully integrated logistics services through its national network of industry leading facilities, transportation fleet and advanced technologies that set the benchmark for accessibility, information visualization, real-time tracking and inventory management. VersaCold is proud to play a key role in ensuring the safety, quality and freshness of some of North America's most beloved food brands, protecting the health and wellness of families across Canada from coast to coast. For more information about VersaCold, please visit www.versacold.com.
About TorQuest Partners
Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$3.5 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund V, a C$1.4 billion fund that closed in March 2020. TorQuest invests in middle market companies and works in close partnership with management to build value. To learn more about TorQuest, please visit www.torquest.com.
Mandiant, Inc | June 02, 2022
Mandiant, Inc. (NASDAQ: MNDT) and Interos, the fast-growing operational resilience company, announced a strategic partnership to provide advanced insights and analysis to help enterprises defend against cyber attacks and other threats to their operational resilience. The collaborative partnership is designed to bring to market new intelligence based on insights gleaned from the Interos Resilience Lab, as well as Interos’ SaaS platform, and the frontline investigations and remediations Mandiant conducts regarding high impact cyber attacks worldwideMandiant M-Trends 2022 report shows that global supply chains remain an attractive target for threat actors who seek to take advantage of trusted business-to-business relationships, as attacking the supply chain provides an opportunity to pivot from one supplier network into multiple customer networks at once. In fact, when the initial infection vector was identified, supply chain compromise accounted for 17% of intrusions investigated by Mandiant in 2021, compared to less than 1% in 2020.
Further, new data from Interos’ 2022 Annual Global Supply Chain Report reveals that organizations have been impacted by on average three significant supply chain disruptions within the last 12 months (not including the Ukraine war) – costing a combined $182 million in lost revenue. Cyber attacks account for $37 million of that figure. Additionally, the overwhelming majority (91%) of executives reported that their organizations had experienced supply chain disruptions from Tier 2 and Tier 3 suppliers in their extended supply chain.
“Interos is focused on helping organizations ensure operational resilience; continuously delivering in-depth analysis on criticality for risk, and risk management, Together with Interos, Mandiant will be able to proactively problem solve with a company that is leading the way in ensuring organizations of all sizes understand key attack vectors across supply chain, threat actors and nation state threats.”
-Marshall Heilman, Chief Technology Officer, Mandiant
The partnership announcement follows a recent alert from the Cybersecurity and Infrastructure Security Agency (CISA) warning of an increase in malicious cyber activity targeting managed service providers (MSPs). The advisory also recommended MSPs to understand and proactively manage their supply chain risk.
“The CISA warning is more evidence that existing supply chain risk management systems were not designed for today’s complex risk environment, Our collaboration with Mandiant will provide multi-factor risk intelligence to help commercial and government organizations better protect targeted entities in their third-party relationships to insulate them from disruption, ransomware, and IP theft. We’re proud to partner with Mandiant to help leaders discover hidden business relationships and exposure to cyber vulnerabilities.”
-Nishant Gupta, Chief Technology Officer, Interos
About Mandiant, Inc.
Since 2004, Mandiant has been a trusted partner to security-conscious organizations. Effective security is based on the right combination of expertise, intelligence, and adaptive technology, and the Mandiant Advantage SaaS platform scales decades of frontline experience and industry-leading threat intelligence to deliver a range of dynamic cyber defense solutions. Mandiant’s approach helps organizations develop more effective and efficient cyber security programs and instills confidence in their readiness to defend against and respond to cyber threats. Join the conversation. Follow us on Twitter, LinkedIn, Facebook, and YouTube.
Mandiant is a registered trademark of Mandiant, Inc. in the United States and other countries. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.
Interos is the operational resilience company — reinventing how companies manage their supply chains and business relationships — through our breakthrough SaaS platform that uses artificial intelligence to model and transform the ecosystems of complex businesses into a living global map, down to any single supplier, anywhere. The Interos Operational Resilience Cloud helps organizations reduce risk, avoid disruptions, and achieve superior enterprise adaptability. Based in Washington, DC, the fast-growing private company is led by CEO Jennifer Bisceglie and supported by investors Kleiner Perkins, NightDragon, and Venrock. www.interos.ai.