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Clue ARR more than tripled from Series A in 2021

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4 months ago

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World-leading counter-fraud expert Laura Eshelby joins Clue Software after record growth

Eshelby joins the Bristol-based investigation software market leader as Head of Economic Crime

BRISTOL, England, Sept. 3, 2024 /PRNewswire/ — Clue Software, the leading provider of software for investigations and intelligence management, has today announced the appointment of Laura Eshelby as Head of Economic Crime. Eshelby joins Clue after ten years at the Cabinet Office, where she was the Deputy Director for Practice, Standards and Capability at the Public Sector Fraud Authority.

The investigations software company, which raised £4 million in February 2024 in a round led by Frog Capital, has experienced significant growth. It has tripled its ARR over the last four years since Frog’s initial investment in 2021, with a 50% ARR surge in the past 12 months alone.

Clue has expanded its international customer base of more than 5,500 users, adding notable new clients such as a major UK government regulator, one of the world’s top 10 retailers by revenue, and a leading UK sports governing body. Additionally, Clue has strengthened its presence in both the UK government sector and the US market, securing significant business with a ‘Big Four’ tech company.

As Head of Economic Crime, Eshelby will expand the team’s portfolio across public and private sectors amidst a surge in fraud, which has doubled in the last year to £2.3bn. Having played a key role in shaping the UK government’s fraud policies, she recognises the essential role systems like Clue play in combating fraud and economic crime.

With over 23 years of experience in counter fraud and economic crime in the UK and overseas, Eshelby previously led the design and implementation of the first Government Counter Fraud Profession for the Public Sector Fraud Authority, where she chaired the Cross Sector Advisory Group.

On her appointment, Laura Eshelby, Head of Economic Crime at Clue, commented: “I’ve spent my entire career seeking to better understand fraud and corruption and root it out through investigation. Clue is an amazing opportunity to use my insight and continued passion to make cross-system change and reduce the harm caused by economic crime. The core Clue values and mission – with safeguarding and counter corruption at their heart – made this an ideal match for me.”

Clare Elford, CEO at Clue, added: “The last four years have seen incredible growth here at Clue and we are delighted that Laura has joined us to continue to grow our community of investigation professionals across sectors worldwide and help instill best practices. She has a proven track record of building these capabilities and leveraging technology to modernise the investigative experience at both a public and private level and we look forward to her helping to grow our economic crime and insider threat business.”

Eshelby’s appointment follows a rapid expansion of the Clue team as it looks to strengthen its investigation and intelligence domain expertise, including Matt Horne, Director of Intelligence and Investigations and Nicola Thorn, Intelligence and Investigations Manager. 

The new team will be sharing their insight and expertise at the upcoming Clue Connect Live on 12th November. Clue Connect Live 2024 is the 9th consecutive year of the company’s flagship conference that brings together the Clue community to exchange insights on the newest Clue advancements, delve into shared challenges and discover best practices in intelligence and investigations.

About Clue Software 
Clue Software helps governments, corporations, law enforcement agencies, sports organisations, and non-profits detect, investigate, and prevent wrongdoing.  

Our world-class investigation and intelligence management software centralises and links all information into searchable data structures, proactively identifying and alerting you to connections within your data. With Clue, investigation teams can detect threats, prevent recurrence, uncover actionable intelligence, and expedite investigations to successful outcomes.  

Intelligence and investigations professionals can share their knowledge, develop best practices and discuss challenges on Clue Connect – the online hub for the Clue community. They can also listen to real-world insight directly from the Clue team on their podcast – Joining the Dots with Thomas Drohan.

Learn more at cluesoftware.com.

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TriNetX’s Founding CEO Announces Plans to Step Down

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27 minutes ago

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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27 minutes ago

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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27 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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