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Registrar Corp acquires Foodsteps as food industry faces mounting pressures to deliver supply chain sustainability

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LONDON, and HAMPTON, Va. , July 23, 2024 /PRNewswire/ — Registrar Corp (“Registrar”), a Paine Schwartz Partners portfolio company and the U.S.’ leading provider of regulatory and compliance software, has acquired Foodsteps, a pioneering UK-based company dedicated to helping food businesses reduce the environmental impact of their products.

Launched in 2018 by Cambridge University graduate, Anya Doherty, Foodsteps has expanded 14-fold since 2021 is now used by over 150 food businesses worldwide, including Compass Group, Sky and Albert Heijn, to accurately measure, understand, reduce, and communicate their environmental impacts from farm to fork.

The acquisition comes as the food industry – a major contributor to emissions and biodiversity loss – faces accelerating global requirements and mounting pressure to demonstrate progress against near-term sustainability targets.

The EU introduced the Corporate Sustainability Reporting Directive (CSRD) last year, with other major governments seeking to implement similar reporting requirements. Sustainability targets are also under scrutiny. In March, the Science-Based Targets Initiatives (SBTi) identified major food businesses that had failed to meet the deadline to set targets and meet decarbonization commitments.[1]

Foodsteps’ platform analyzes data across company supply chains, incorporating sustainability metrics across farming, packaging, processing, and transport, and providing automated Life Cycle Assessments on products. It gives organizations a level of supply chain transparency that the industry has historically lacked, enabling companies to meet burgeoning reporting requirements, as well as set and monitor targets.

The acquisition of Foodsteps by Registrar Corp will give the platform access to a global market of over 32,000 companies in 190 countries, including 28,000 food businesses, as well as sustainability expertise from Paine Schwartz Partners, the largest private equity firm dedicated to sustainable food chain investing.

Anya Doherty, CEO and Founder, Foodsteps commented: “This acquisition represents a significant milestone not just for our team but also for the future of food sustainability. By combining Foodsteps’ software, data, and expertise in sustainable food with Registrar’s global leadership in regulation and compliance, we are poised to deliver the next generation of sustainability solutions that the food industry needs.”

Brian Thies, Senior Vice President of Corporate Development at Registrar commented: Foodsteps’ data platform is like no other. With industry leading data that is recognised through partnerships with the University of Oxford, WWF and WRAP, the company has a track-record of helping procurement, sustainability, and marketing teams meet reporting standards and net zero goals. By joining forces, we hope to help businesses comply with sustainability and compliance regulations and facilitate the transition to net zero, by enabling the growth of transparent and sustainable global supply chains.”

Notes to Editors

About Registrar Corp: Registrar Corp is a global leader in FDA compliance, offering services, software, and consulting to over 30,000 companies in more than 190 countries.

About Foodsteps: Foodsteps is a London-based company focused on making food a solution to climate and nature crises through its platform, which helps businesses measure and reduce environmental impacts.

About Paine Schwartz Partners: Paine Schwartz Partners is the largest private equity firm dedicated to sustainable food chain investing, with ~$6 billion in assets under management. The firm focuses on productivity, sustainability, and health and wellness across the food and agribusiness value chain.

[1] SBTi identifies several food businesses failing to follow through on targets, https://instituteofsustainabilitystudies.com/insights/news-analysis/sbti-identifies-food-businesses-failing-to-follow-through-on-targets/

View original content:https://www.prnewswire.com/news-releases/registrar-corp-acquires-foodsteps-as-food-industry-faces-mounting-pressures-to-deliver-supply-chain-sustainability-302203955.html

SOURCE Registrar Corp; Foodsteps

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RackNerd LLC, Global IaaS Provider, Expands European Footprint with New Dublin, Ireland Datacenter

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RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland. The expansion comes amid significant company growth, with RackNerd recently ranking No. 1506 on the 2024 Inc. 5000 list after achieving a 342.15% three-year revenue growth rate.

RANCHO CUCAMONGA, Calif., Nov. 17, 2024 /PRNewswire-PRWeb/ — RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland, marking another significant milestone in the company’s European presence. RackNerd’s new datacenter location will operate from the Digital Realty DUB10 datacenter, located at Blanchardstown Corp Pk, Unit 9, Dublin Blanchardstown, Dublin 15, Ireland, delivering enterprise-grade infrastructure with exceptional connectivity to both European and North American markets.

The Dublin facility boasts numerous critical certifications including ISO 9001, ISO 14001, ISO 27001, ISO 50001, PCI-DSS, SOC1, SOC2, and SOC3 compliance, ensuring the highest standards of security and reliability for mission-critical deployments. Strategically positioned as a key technology hub, Dublin offers unique advantages including robust network connectivity, favorable business climate, and access to a highly skilled technology workforce.

“Our expansion into Dublin represents a strategic response to the growing demand for high-performance infrastructure solutions in Ireland and across Europe. This location serves as an ideal connectivity hub for businesses requiring premium access to major markets across the United Kingdom, Western Europe, and trans-Atlantic routes to North America,” explains Dustin B. Cisneros, CEO of RackNerd.

The strategic location facilitates seamless connectivity to ten sub-sea cables, enabling enterprises to leverage increased global reach and enhanced performance capabilities.

“This strategic expansion further enables RackNerd to position client services closer to their respective end-users, therefore enhancing performance through reduced latency and bringing hosted applications closer to the edge. Dublin’s emergence as a primary technology hub, combined with its strategic geographic location, makes it an excellent choice for businesses seeking to establish or expand their European presence,” Cisneros adds.

Immediately available for deployment in Dublin are RackNerd’s KVM VPS, bare metal dedicated servers, disaster recovery, and private cloud service offerings.

RackNerd continues to demonstrate its commitment to global expansion, with services now available across multiple strategic locations including Los Angeles, San Jose, Seattle, Chicago, New Jersey, Atlanta, Dallas, New York, Ashburn, Amsterdam, Strasbourg, Frankfurt, Singapore, and now – Dublin. For more information, please visit: https://www.racknerd.com/

About RackNerd

RackNerd LLC introduces infrastructure stability and provides Dedicated Servers, Private Cloud solutions, DRaaS (Disaster-Recovery-as-a-Service), flexible Colocation, Virtual Private Servers and advanced DDoS Mitigation services — maintained by a team with decades of experience in managed services, datacenter operations, and Infrastructure-as-a-Service. With an intrinsic focus on client success and growth, RackNerd has grown steadily while continuing to provide high-quality hosting services at competitive rates. For more information please visit RackNerd at: https://www.racknerd.com/

Inc. recently revealed that RackNerd has earned a spot on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. Earlier this year, RackNerd was showcased on the Inc. 5000 Regionals Pacific list, and a recent achievement of national recognition on the 2024 Inc. 5000 further cements its position as a significant investor in driving innovation and growth within the Infrastructure-as-a-Service industry – an ever-evolving landscape that proves increasingly fundamental to businesses and services underlying everyday life.

The company’s impressive three-year revenue growth rate of 342.15% ranked it No. 1506 on the Inc. 5000 list. However, beyond a number, this growth rate represents RackNerd’s commitment to advancing the IaaS industry and reinvesting in its services, industry, and client community.

Media Contact

Dustin Cisneros, RackNerd, 1 8888816373, dustin@racknerd.com, https://www.racknerd.com/

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SOURCE RackNerd

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Changan LCV Unveils New Brand Strategy, Paving the Way for a New Era of Digital Intelligent New Energy Commercial Vehicle Technology

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, Changan LCV held its brand strategy launch event, accelerating its transformation into a digital intelligent new energy commercial vehicle technology brand, aiming to become a world-class vehicle brand.

At the event, Changan LCV unveiled its first native digital intelligent new energy commercial vehicle architecture—K01  which leverages technological advantages such as ” Up-down decoupling, software and hardware separation, creating vehicle-cloud integration,” offering users three new key benefits: “smart technology, ultimate efficiency, and fast service.”

Compared to traditional architectures, the K01 platform shortens the vehicle development cycle by one year, reduces energy costs by 80%, and lowers operational costs. The platform increases vehicle production efficiency by 30%, while the low-floor design and compact layout maximize cargo volume. The “Golden Shield” battery can be fast-charged in 15 minutes to provide a range of over 200 kilometers. Its modular design is flexible and customizable, with a skateboard chassis that can accommodate various vehicle types, including light passenger car, trucks, and pickups. The K01 platform is open to the industry, promoting collaborative development and mutually beneficial opportunities for the entire value chain.

Looking to the future, Changan LCV aims to lead China’s commercial vehicle market and become a global top-five player by 2030, collaborating with users to drive the future for the ” digital intelligent new energy commercial vehicle technology brand.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/changan-lcv-unveils-new-brand-strategy-paving-the-way-for-a-new-era-of-digital-intelligent-new-energy-commercial-vehicle-technology-302306911.html

SOURCE Changan LCV

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CGTN: Starting a new era in Asia-Pacific development amid global uncertainty

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BEIJING, Nov. 16, 2024 /CNW/ — Over the decades, the Asia-Pacific region has been a vital driver of global economic growth. In October, the International Monetary Fund predicted the region would contribute approximately 60 percent to global economic growth in 2024.

At the same time, Asia-Pacific cooperation is confronted with challenges such as rising tendencies of geopolitics, unilateralism and protectionism. In this regard, Chinese President Xi Jinping on Saturday called on leaders of Asia-Pacific Economic Cooperation (APEC) members to shoulder greater responsibilities.

“We must act in solidarity and cooperation to meet the challenges, fully deliver on the Putrajaya Vision 2040, build an Asia-Pacific community with a shared future, and start a new era in Asia-Pacific development,” said Xi, when attending the 31st APEC Economic Leaders’ Meeting in Peru’s capital Lima.

China’s proposal

To deepen Asia-Pacific cooperation, the Chinese president on Saturday made three proposals.

Firstly, Xi stressed the need to build an open and interconnected paradigm for Asia-Pacific cooperation, calling for staying committed to multilateralism and an open economy.

China has made great efforts towards an open Asia-Pacific economy. According to the Chinese Foreign Ministry, China is the largest trading partner of 13 APEC economies and has actively advanced the building of the China-ASEAN Free Trade Area, promoted high-quality implementation of the Regional Comprehensive Economic Partnership (RCEP), and applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement.

Secondly, Xi emphasized the need to make green innovation a catalyst for the Asia-Pacific, saying APEC economies should push forward coordinated digital and green transformation and development to create new momentum and new drivers for Asia-Pacific development.

China is developing new quality productive forces in light of actual conditions and deepening cooperation with interested parties on green innovation. Xi announced on Saturday that China will launch a Global Cross-Border Data Flow Cooperation Initiative.

China has put forward initiatives for cooperation between APEC member economies in green agriculture, sustainable city development, green and low-carbon energy transition, and marine pollution control and prevention.

The Chinese president also urged efforts to uphold a universally beneficial and inclusive vision for Asia-Pacific development. The data unveiled by the Chinese Foreign Ministry showed China contributes 64.2 percent of the region’s economic growth, 37.6 percent of the growth in goods trade, and 44.6 percent of the growth in services trade.

Xi told APEC leaders that China will advance initiatives through the APEC platform on increasing residents’ income and promoting the industrial cluster development of small- and medium-sized enterprises, for the purpose of bringing about universally beneficial and inclusive development of Asia-Pacific economies.

China’s commitments

China will host the APEC Economic Leaders’ Meeting in 2026, Xi announced on Saturday, saying China welcomes all parties to continue riding the “express train” of its development and grow together with the Chinese economy.

The Chinese president reiterated China’s commitments to reform and opening up. “Reform and opening up is a historic process in which China and the world achieve development and progress together,” he said.

The 20th Central Committee of the Communist Party of China, at its third plenum in July, laid out systematic plans for further deepening reform across the board with more than 300 consequential reform measures being unveiled, pertaining to building a high-standard socialist market economy, advancing high-quality economic development, promoting high-standard opening up, improving the people’s quality of life, and building a beautiful country.

In his written speech at the APEC CEO Summit on Friday, Xi also said China will introduce more policies for voluntary and unilateral opening up, expand its globally-oriented network of high-standard free trade areas, and open its door even wider to the world.

https://news.cgtn.com/news/2024-11-17/Starting-a-new-era-in-Asia-Pacific-development-amid-global-uncertainty-1yAvmNr7lYc/p.html 

View original content:https://www.prnewswire.com/news-releases/cgtn-starting-a-new-era-in-asia-pacific-development-amid-global-uncertainty-302307697.html

SOURCE CGTN

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