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Rho Expands Access to Tailored Treasury Management with Prime Treasury

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Introduces Prime Treasury, a tailored treasury management service integrated with Rho’s automated finance platform. The new treasury offering invests excess cash in government and investment-grade corporate bonds to strengthen purchasing power.Prime Treasury makes it easy for growth-stage companies to efficiently manage liquidity while optimizing day-to-day cash and spending as interest rates climb.

NEW YORK, Sept. 28, 2022 /PRNewswire/ — Today, Rho announced Prime Treasury, a tailored treasury management offering built into Rho’s automated finance platform. Prime Treasury, a new, registered investment advisor subsidiary of Rho, will help growth-stage, US-based businesses protect their capital against inflation through strategic investment in government and corporate securities offerings.

 

“CFOs are under immense pressure to address historic inflation and the toll it is taking on corporate cash reserves,” said Everett Cook, CEO & co-founder of Rho. “We launched Prime Treasury to help them tackle this problem in an automated, seamless fashion.”

With Prime Treasury, Rho customers partner with Rho’s SEC-registered investment advisor and support team to select a custom investment policy tailored to their business’s unique liquidity and security needs. These policies target high-grade assets, including US Treasuries, investment-grade corporate bonds, and bank CDs. Rho actively adjusts customers’ portfolios to earn market rates, monitoring operating account balances and automatically transferring money based on liquidity needs, and clients gain access to Rho’s experienced investment team, should they need additional guidance.

Unlike other providers who recommend pooled investments such as ETFs or money-market Funds, Prime Treasury securities are held directly in the customer’s name in their Rho account. As a result, Prime Treasury customers aren’t subject to the management fees typically charged by third-party fund providers, only the asset management fee charged by the investment advisor.

Osmind Inc., a Series B public benefit corporation committed to accelerating technology and research to ensure access to mental healthcare for patients of all backgrounds, is an early adopter of Prime Treasury. “Prime Treasury is helping Osmind optimize our treasury management strategy, giving us the confidence that our capital is working as hard as our team,” said Matt Kannan, head of finance & strategy at Osmind.

Designed to support companies with more than $5 million in investable assets, Prime Treasury is the second treasury management service offered by Rho. The other option, Rho Treasury Accounts, is built on a network of over 300 FDIC-Insured banks, providing up to $75M in FDIC insurance per institution.

About Rho

Rho is an automated finance platform built around the needs of growth-stage and mid-market companies. Founded in 2018 by Everett Cook and Alex Wheldon, Rho’s mission is to make finance frictionless for organizations. With corporate cards, AP automation, banking, treasury & more built-in, Rho combines all the tools needed for finance leaders to control all spend, maximize return on cash, and end finance system inefficiency.

Investment management and advisory services provided by RBB Treasury LLC, an SEC-registered investment adviser. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC Insured • Investments are not guaranteed, and may lose value. Investment products involve risk and past performance does not guarantee future results.

Banking services provided by Evolve Bank & Trust, Member FDIC, and Webster Bank N.A., Member FDIC. Cards issued by Webster Bank, N.A., Member FDIC. All Rights reserved. ©2019-2022 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc. Rho is not a bank. Rho partners with FDIC-insured banks to offer banking products and services.

By using Rho services, you agree to and are bound by the Rho Terms of Service. https://www.rho.co/terms-of-service

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SOURCE Rho

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Silicon Labs Announces First Quarter 2025 Earnings Webcast

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AUSTIN, Texas, April 22, 2025 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced that it plans to release first quarter 2025 financial results on Tuesday, May 13, 2025. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company’s website at silabs.com.

A replay will be available after the call on the investor page of the company’s website at silabs.com. The replay will be available through June 12, 2025.

Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com 

Note to editors: Silicon Labs, Silicon Laboratories, the “S” symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

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SOURCE Silicon Labs

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H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form “Pellera Technologies”

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SAN FRANCISCO, April 22, 2025 /CNW/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $69 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Converge Technology Solutions Corp. (“Converge”) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF). In connection with the closing, Converge will merge with Mainline Information Systems, LLC (“Mainline”), an existing H.I.G. portfolio company. The combined company has been rebranded as Pellera Technologies (“Pellera”), representing its distinctive position in the market as a premier technology partner.

Pellera stands at the forefront of delivering innovative IT solutions to enterprise and mid-market clients. The company’s deep technical expertise, strategic focus, and collaborative approach have enabled their customers to achieve impactful business outcomes through the power of technology. Pro forma for the combination, Pellera generated approximately $4 billion in revenue in 2024 and will provide unparallelled technology expertise to its customers in critical growth areas including cybersecurity, cloud, digital infrastructure, and AI.

Headquartered in Tallahassee, Florida, the new organization will be led by a dynamic and experienced leadership team with over a century of combined experience in the IT industry. Converge Chief Executive Officer Greg Berard will serve as CEO of Pellera, while Mainline President and CEO Jeff Dobbelaere will assume the role of President and Chief Operating Officer. This collaboration reflects the best of both organizations, ensuring the strength and capability of Pellera to achieve meaningful results.

Greg Berard, Chief Executive Officer of Pellera, said: “We’re combining the bold vision, unmatched talent, innovative solutions, and trusted partnerships of Mainline and Converge to deliver differentiated value and elevate the customer experience. With H.I.G.’s support, we’re accelerating investments in areas like AI, cybersecurity, hybrid cloud, app modernization, data, and managed services, with the goal of becoming the provider of choice for comprehensive technology solutions.”

Jeff Dobbelaere, President and Chief Operating Officer of Pellera, said: “We are thrilled to join forces as we enter the next phase in our growth journey. Together, we have stronger relationships with our industry-leading partners, unlocking greater access and broader solutions for our clients. The business is poised to create more growth opportunities for our employees and enhance the value we deliver as dedicated partners on our customers’ teams. We will continue to innovate, bring creative solutions, and generate an enduring transfer of expertise in every engagement.”

Aaron Tolson, Managing Director at H.I.G., added: “We are excited to integrate two trusted and complementary IT solutions partners to boost service offerings and accelerate growth in complex and strategic IT areas. The combined business offers enhanced IT solutions and services that will enable customers to continue reaching the next level. As part of the H.I.G. portfolio, Pellera is well-positioned to capitalize on emerging technology trends and expand its leadership within the IT market.”

H.I.G. was advised by Guggenheim Securities, LLC, J.P. Morgan Securities, LLC, Lazard Frères & Co. LLC, BMO Capital Markets, Stikeman Elliott LLP and Weil, Gotshal & Manges LLP. Houlihan Lokey Capital was engaged as financial advisor to the special committee of independent directors, and Origin Merchant Partners was engaged as an independent financial advisor and provided a fairness opinion to the special committee.

About Pellera Technologies

Pellera Technologies is where innovation powers progress. Through the combined expertise of Converge Technology Solutions and Mainline Information Systems, we deliver unparalleled IT solutions that drive momentum for enterprise clients worldwide. Our comprehensive suite of digital infrastructure, hybrid cloud, cybersecurity, and artificial intelligence solutions transforms challenges into opportunities and shapes a future where businesses can thrive. Guided by our AIM (Advise, Implement, Manage) methodology, we ensure solutions are tailored to your specific needs, aligning seamlessly with existing systems to drive success without complexity. At Pellera, we don’t just keep you moving forward, we help you scale without limits.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $69 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value- added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.

Contact:

Aaron Tolson
Managing Director
atolson@hig.com

Arjun Mohan
Managing Director
amohan@hig.com 

Hamza Usmani
Managing Director
husmani@hig.com 

H.I.G. Capital
One Sansome Street
37th Floor
San Francisco, CA 94104
P: 415.439.5500
hig.com

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SOURCE H.I.G. Capital

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Lightspeed Voice CRO to Speak at Agent Brokers United 2025, Launches “Get Lucky” NOVA AI Promotion

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Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas.

VENICE, Fla., April 22, 2025 /PRNewswire-PRWeb/ — Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas. The event takes place April 25–26 at Planet Hollywood Hotel, with Poythress taking the main stage on Friday, April 26 at 12:35 PM PST.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

During his 15-minute presentation, Poythress will unveil how Lightspeed Voice’s award-winning AI platform, NOVA, is transforming efficiency across the insurance sector. Designed to enhance productivity and streamline communication, NOVA delivers call transcription, actionable summaries, and powerful sentiment analysis—fully integrated with agency-leading AMS and CRM systems.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

To celebrate its presence at ABU 2025, Lightspeed Voice is also launching its “Get Lucky with Lightspeed Voice” promotion, an exclusive giveaway for conference attendees. Visitors who stop by Booth #111 and have their badge scanned will receive a branded poker chip and a chance to win a free month of NOVA AI, valued at up to $100.

The “Get Lucky” promotion is open to both new and existing Lightspeed Voice customers:

New Customers must activate Lightspeed Voice VoIP service before redeeming their complimentary month of NOVA.Existing Customers can redeem immediately, with:Up to $100 credit for current NOVA users who add at least one new user.A $100 credit toward the first NOVA bill for those activating the service for the first time.

Attendees are encouraged to attend Joel’s session for a live walkthrough of NOVA’s capabilities and visit Booth #111 to see how they can “Get Lucky” and transform their communication workflows. Terms and conditions apply.

About Lightspeed Voice www.lightspeedvoice.com  

Lightspeed Voice is a leading AI-powered VoIP solutions provider, dedicated to delivering innovative technology and unparalleled service to businesses. Specializing in customer satisfaction, Lightspeed Voice continues to be a trusted partner for organizations seeking reliable and advanced communication solutions.   

Media Contact
Alexis Snowbarger, Lightspeed Voice, 1 9415643010, aschwien@lightspeedvoice.com, www.lightspeedvoice.com

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SOURCE Lightspeed Voice

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