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Nordic Capital acquires Zafin, a leading provider of SaaS Core Modernization and Transformation solutions

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Investment made in partnership with Zafin’s founders and management, with the intention to accelerate the Company’s growth and product / platform roadmap                        As a leading technology investor, Nordic Capital will leverage its expertise, experience and resources to further support Zafin’s commitment to simplify bank core modernization and create tangible business results for banks globally

VANCOUVER, Canada, Feb. 12, 2024 /PRNewswire/ — Nordic Capital has signed an agreement to acquire a majority share in Zafin, a leading provider of SaaS core modernization and transformation solutions for financial institutions around the world. The investment is made in close partnership with Zafin’s founders and management, who will reinvest in the company alongside Nordic Capital.

Zafin is recognized as an industry leader for its innovative approach to bank core modernization. Zafin’s core SaaS platform extracts product and pricing from multiple core systems, enabling users to work collaboratively to design and manage relationship pricing, products, and packages, including personalized propositions. The platform allows banks to dynamically respond to changing customer and market needs across their entire bank core system footprint, all while ensuring regulatory compliance, transparency, and operational control. As a result of these benefits, such as faster time to market, increased revenue opportunities, lower operating costs, and reduced operational risks, Zafin is recognized as a preferred partner for banks globally. Zafin is a global organization serving a diverse base of customers including Wells Fargo, US Bank, HSBC, Truist, ING, CIBC, PNC, and ANZ.

Al Karim Somji, CEO, Zafin, said: “This partnership is an absolute game-changer for the Zafin team and our customers. We have been powering the modernization and transformation of banks and future-proofing their banking technology investments for years. With Nordic Capital’s scale, technology expertise, and deep market understanding, this partnership enables us to become a global leader in banking technology solutions.”

Mohit Agnihotri, Partner Nordic Capital Advisors, said: “Nordic Capital has been a keen observer of bank IT modernization efforts and has been highly impressed with Zafin’s innovative approach to helping its customers react to a constantly changing business landscape. The Company’s exceptional track record of success and resoundingly positive customer feedback are a testament to the entire Zafin team and product they have built. We firmly believe that Zafin will emerge as a gold standard in bank IT modernization efforts. Nordic Capital looks forward to partnering with Zafin management on the next phase of the company’s growth, including leveraging our seasoned inhouse operational team, deep expertise and expansive relationships in the sector.”

Nordic Capital has over 30 years of experience accelerating the growth of innovative technology companies. As a leading specialized technology investor globally, Nordic Capital has to date made 29 technology investments with an aggregate enterprise value of close to EUR 24 bn.

The terms of the transaction were not disclosed. Completion of the transaction is expected during Q1 2024 and is subject to customary closing conditions.

Goldman Sachs & Co. LLC served as exclusive financial advisor to Zafin and Fasken Martineau DuMoulin LLP served as legal counsel to Zafin.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

Zafin
Uproar PR for Zafin
Matt Greenfield
mgreenfield@uproarpr.com

Bhavna Wadhwa
SVP, Global Marketing, Zafin
Tel: +1 289 962 0491
e-mail: bhavna.wadhwa@zafin.com

About Zafin

Founded in 2002, Zafin offers a SaaS product and pricing platform that simplifies core modernization for top banks worldwide. Its platform enables business users to work collaboratively to design and manage pricing, products, and packages, while technologists streamline core banking systems. With Zafin, banks accelerate time to market for new products and offers while lowering the cost of change and achieving tangible business and risk outcomes. The Zafin platform increases business agility while enabling personalized pricing and dynamic responses to evolving customer and market needs. Zafin is headquartered in Vancouver, Canada, with offices and customers around the globe, including ING, CIBC, HSBC, Wells Fargo, US Bank, Truist, PNC, and ANZ. For further information about Zafin, please visit www.zafin.com.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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New Gen Z Research Reveals a Shift Toward Credible, Expert-Driven Open Web Content

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“DECODING GEN Z: The New Rules of Digital Trust and Influence” from Raptive Reveals How GenZ is Outgrowing TikTok

NEW YORK, Jan. 14, 2025 /PRNewswire/ — Raptive, the creator media company, today published new research called DECODING GEN Z: The New Rules of Digital Trust and Influence. Based on responses from over 1,000 Gen Z consumers, the survey uncovers a surprising evolution of the so-called “TikTok Generation” as members mature into adulthood. They prioritize credible, expert-driven information to navigate complex responsibilities and are redefining their engagement with digital content.

“Gen Z is rapidly outgrowing their label as the ‘TikTok generation,'” said Erika Leone, Raptive’s EVP of Marketing. “While social platforms remain avenues for quick entertainment, they don’t provide this maturing demographic with the trustworthy expertise they seek. As this generation navigates significant life milestones, from homeownership to career advancement, they are proving to be discerning, pragmatic individuals who value authenticity and expertise over flashy distractions. Their changing behavior is a wake-up call for marketers, creators, and brands: meet them where they are—on platforms and with content that delivers substance, credibility, and real-world value.”

Key findings from the report:

The open web is a hub for credible content: Nearly 49% of Gen Z respondents actively conduct independent research to validate online information. And 55% of Gen Z trust content from established experts, while 68% use online content to explore personal interests and hobbies, seeking depth over quick fixes.Gen Z focus shifts from entertainment to expertise: 73% of Gen Z respondents are saving for the future, and 51% identify as “do-it-yourselfers,” reflecting a strong focus on adult responsibilities like homeownership and financial planning.Critical thinking is at work. With 37% of Gen Z viewing most online content as suspect until proven otherwise, they rank among the most critically minded generations. They actively seek trustworthy sources and validate information through multiple channels.A redefined digital trust economy: While TikTok remains an entertainment staple, trust in TikTok is significantly lower than that of sites on the open web. 39% of Gen Z respondents question the credibility of social posts, signaling a shift toward the open web for reliable, expert-led insights.

As the future of platforms like TikTok remains uncertain, Gen Z’s growing reliance on the open web signals a profound shift in digital engagement. Trusted digital spaces—from long-form articles to forums and tutorial-driven content—are now essential for addressing their needs. This discerning generation emphasizes fact-checking and diverse sources, further establishing itself as one of the most critically minded groups online.

“Gen Z has an unparalleled sense for online authenticity, and they’re seeking reliable, expert-driven resources that align with their values—whether they’re building financial security, pursuing a passion, or creating a home,” Leone continued. “Our research shows that aligning with this generation’s priorities through credible content from trusted sources, actionable insights, and transparent practices is essential. Marketers must recognize that Gen Z’s trust is earned, not given, and brands that prioritize transparency, credibility, and purpose-driven content will capture their attention and build lasting relationships with this discerning generation.”

For more information and to access the full survey report, visit Raptive.com.

About Raptive
Raptive is a new kind of media company built for content creators and is home to one of the internet’s largest and most diverse audiences. Raptive combines its position as the world’s largest ad management platform with a comprehensive suite of monetization, audience, and business solutions that enable creators to turn their passions and talents into thriving independent companies and enduring brands. This creator-first model has paid creators $3 billion and propelled Raptive to become a top 10 online media property globally and #1 in Food, Family, Home, and Lifestyle. Raptive is the premium partner to advertisers seeking authentic engagement with diverse and passionate audiences. To learn more about Raptive’s efforts to build a sustainable future for the internet, visit Raptive.com.

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SOURCE Raptive

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Teledyne LeCroy Add Full Support for Embedded DisplayPort Testing of Video Source and Sink Devices

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The quantumdata M42de Analyzer/Generator now supports ALPM emulation and Improved Connectivity Options

ELGIN, Ill., Jan. 14, 2025 /PRNewswire/ — Teledyne LeCroy Inc., a global leader in protocol test and measurement solutions, proudly announces enhanced support for Embedded DisplayPort (eDP) testing with the upgraded quantumdata M42de Video Analyzer/Generator. These enhancements include new support for Advanced Link Power Management (ALPM) emulation and a family of eDP adapters, offering improved connectivity options for testing embedded source and sink devices.

New designs of portable devices and computers and of automotive infotainment systems require new video transfer technologies to reduce power consumption, hardware footprints and cost, all while still delivering higher resolutions and refresh rate images with deeper colors. This has driven the adoption of Embedded DisplayPort, based on the popular DisplayPort standard, and increased demand for test solutions that enable functional verification for both eDP source and sink devices. The quantumdata M42de, which already supports comprehensive DisplayPort source and sink functional and compliance testing, now adds support for ALPM and AUX-less ALPM, allowing design and test engineers to validate their eDP 1.5a devices and seamlessly support these critical power-saving modes.

Key highlights of the quantumdata M42de eDP support include:

Advanced Link Power Management (ALPM) Emulation: Verifies traditional AUX transaction-based low-power entry.AUX-Less ALPM Emulation: Tests AUX-less low power behaviors for quick transitions between sleep and wake states.Support for All eDP Base Rates: Fast link training at all eDP 1.5a VESA recommended rates.Trigger on ML_PHY_Sleep and Wake: Isolates eDP ALPM behaviors with hardware event triggers.eDP 30-pin and 40-pin Adapters: Optional adapters for popular embedded cables, enhancing connectivity.

For devices such as laptop PCs with an embedded display, eDP is the electrical interface for transporting video data from the system’s graphics hardware to the internal display panel. eDP is widely adopted for premium displays as it provides the industry’s highest resolutions and refresh rates. eDP applications include laptops, all-in-one PCs, premium tablets, automotive displays, and other systems that incorporate a display panel with a video or graphics video source.

Availability

The quantumdata eDP adapters can be ordered now; as well as ALPM enhancements that are part of the M42de Embedded DisplayPort license option. For more information, please contact your regional Sales Engineer: 1-800-909-7211 or 408-653-1262; or email protocolsales@teledynelecroy.com.

About Teledyne LeCroy

Teledyne LeCroy is a leading manufacturer of advanced oscilloscopes, protocol analyzers, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly. Since its founding in 1964, the Company has focused on incorporating powerful tools into innovative products that enhance “Time-to-Insight”.  Faster time to insight enables users to rapidly find and fix defects in complex electronic systems, dramatically improving time-to-market for a wide variety of applications and end markets. Teledyne LeCroy is based in Chestnut Ridge, N.Y.  For more information, visit Teledyne LeCroy’s website at teledynelecroy.com.

© 2025 by Teledyne LeCroy. All rights reserved. Specifications are subject to change without notice.

Technical contact: 

Mike Micheletti, Product Marketing Manager

408-486-7782

Customer contact:   

Teledyne LeCroy PSG Customer Care Center     

800-909-7211

Website:                  

https://teledynelecroy.com                 

 

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SOURCE Teledyne LeCroy

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THINK Surgical Announces Its TMINI Miniature Robotic System Procedure Milestone

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FREMONT, Calif., Jan. 14, 2025 /PRNewswire/ — THINK Surgical, Inc., an innovator in the field of orthopedic surgical robots, today announces that its TMINI® Miniature Robotic System has been utilized in over 500 total knee arthroplasty (TKA) procedures in the United States.

THINK Surgical Announces Its TMINI Miniature Robotic System Procedure Milestone

“Achieving this 500-case milestone so quickly demonstrates the market’s eagerness to adopt our miniature, handheld, wireless robot,” said Stuart Simpson, President, and Chief Executive Officer of THINK Surgical. “Surgeon and hospital staff using the TMINI System are reporting that they enjoy it because of its accuracy and efficiency in the OR. We are excited about our new customer pipeline and look forward to seeing many more successful TKA procedures completed with the TMINI Robot.”

With 9 FDA 510(k) cleared implant partners now available to choose from, THINK Surgical has given implant choice back to surgeons and administrators. The TMINI System not only has the most implant systems and design philosophies available of any robotic system, but is also the only miniature, handheld, wireless robot currently available in the US.

The TMINI Miniature Robotic System initially received FDA 510(k) clearance in May 2023 with a single implant partner. It has since received multiple clearances for the TMINI 1.1 Version Update that enables the TMINI PRO™ Workflow, enabling Positional Refinement and Optimization of the implant, and 8 additional implant partners by November 2024.

The TMINI Miniature Robotic System is commercially available throughout the United States.

About THINK Surgical, Inc. 

THINK Surgical, Inc., is a privately held U.S.-based technology innovator that develops and markets orthopedic robots. THINK Surgical robots are open platforms providing support for implant brands from multiple manufacturers, enabling the choice of implant to be driven by the surgeon. 

THINK Surgical actively collaborates with healthcare professionals around the globe to refine our orthopedic products, improving the lives of those suffering from advanced joint disease with precise, accurate, and intelligent technology. Please refer to the instructions for use for the TMINI Miniature Robotic System for a complete list of indications, contraindications, warnings, and precautions. For additional product information, please visit www.thinksurgical.com

THINK Surgical, TMINI and TMINI PRO are trademarks of THINK Surgical, Inc. 

Media Contact: 

THINK Surgical Inc.
Nick Margree
nmargree@thinksurgical.com  

View original content to download multimedia:https://www.prnewswire.com/news-releases/think-surgical-announces-its-tmini-miniature-robotic-system-procedure-milestone-302349533.html

SOURCE THINK Surgical, Inc.

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