AN Isle of Wight company is hoping to bounce back strongly from the worldwide slump in the aerospace industry.after it bought another firm in the sector. IFPL Group, which had to lay off more than 30 employees at the turn of the year due to the Covid-induced downturn, has acquired Cobalt Aerospace Group an up-and-coming business which has products to complement those offered by IFPL. IFPL founder Geoff Underwood told the County Press it had been a tough time in the industry but the product set that Cobalt offered gave IFPL a good chance to bounce back. Most of Cobalt s production will be transferred to the Isle of Wight with the hope IFPL could soon start taking people on again.
Canada denies plan to pull NGO funding over proposed award to Taiwan leader
04/13/2021 07:12 PM
Canadian Defense Minister Harjit Sajjan. Photo from facebook.com/harjit.sajjan.7
Toronto, April 12 (CNA) The Canadian government said Monday there was no truth to a news report that it was planning to withhold funding from a United States-based non-profit organization, which reportedly has proposed giving an award to Taiwan President Tsai Ing-wen (蔡英文).
The Halifax International Security Forum (HFX), which holds its signature forum in the Canadian city of Halifax each year, is planning to present its 2020 John McCain Prize for Leadership in Public Service to Tsai, according to the American publication Politico.
Georgian closes $1.02 billion USD alignment fund
Toronto venture capital firm Georgian Partners has closed its new Alignment Fund I, pulling in $1.02 billion USD.
As reported by BetaKit in February, SEC filings made just before the end of 2020 indicated the launch of the new fund. The $1.02 billion recently closed and was raised as a special purpose vehicle with a mandate to invest in existing Georgian portfolio companies, according to The Globe and Mail. Georgian confirmed the close of the fund to BetaKit, noting it took place in late March.
The report indicated Georgian plans to use the capital on four portfolio companies: Toronto-based EdTech startup Top Hat, United States-based customer data management company Tealium, New York’s WorkFusion and stock exchange IEX Group. A longtime Top Hat investor, Georgian committed $130 million USD of the Alignment Fund to TopHat in February.
MobileDemand Expands Distribution with SYNNEX Corporation to Offer Full Product Portfolio
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MobileDemand continues to expand, enhancing relationship with industry leader, SYNNEX Corporation.
“Partnering with SYNNEX allows for continued expansion of our leading-edge rugged devices for the mobile workforce,” said Michael Monsour, MobileDemand vice president of sales. CEDAR RAPIDS, Iowa (PRWEB) April 12, 2021 MobileDemand, a trend-setting provider of rugged tablets and mobile computing solutions for enterprise productivity, today announced an expanded agreement with SYNNEX Corporation®, a leading provider of distribution, systems design and integration services for the technology industry. Through this strategic collaboration, MobileDemand’s full portfolio of rugged mobile productivity solutions will reach a much broader enterprise audience through the consultative expertise and distribution chan