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K1 to Exit Axcient, a Category Leader in Business Continuity and Disaster Recovery Solutions

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K1’s strategic investment established Axcient as a BCDR leader, and the firm will have realized over $1.8B of liquidity in the past ten months

MANHATTAN BEACH, Calif. , Sept. 10, 2024 /PRNewswire/ — K1 Investment Management, LLC (“K1”), one of the largest investors in small-cap enterprise software companies, today announced that its portfolio company Axcient, a provider of advanced business continuity and disaster recovery (BCDR) solutions for managed service providers (MSPs), has entered into a definitive agreement to be acquired by ConnectWise, with the transaction expected to close in the coming weeks.

Following K1’s initial investment, Axcient focused on customer-driven innovation and strategic growth, resulting in annual recurring revenue growing by 7.5x over its investment period. During the partnership, K1 facilitated the strategic add-on acquisitions of Anchor, Cloudfinder and Replibit, further enhancing the company’s market presence and product offerings, and solidifying its position as a category leader in backup and disaster recovery software.

“K1’s partnership with Axcient has helped to transform the company’s product offerings and establish itself as a leader in the BCDR space,” said Taylor Beaupain, Managing Partner at K1.”Through our operational support and growth initiatives, Axcient has continued to evolve its solutions, positioning itself as a trusted name for MSPs globally.”

The acquisition by ConnectWise seeks to further accelerate Axcient’s mission to protect MSPs and their clients from growing cybersecurity risks, combining its BCDR expertise with ConnectWise’s comprehensive suite of IT management, cybersecurity, and data protection solutions. Axcient’s robust technology, including its x360 platform, has earned industry recognition for offering seamless, scalable protection to businesses of all sizes.

“Axcient’s partnership with K1 has been instrumental in scaling the company’s technology and expanding its reach,” said Rod Mathews, CEO of Axcient. “As we join the ConnectWise family, we are excited to continue delivering leading solutions that help MSPs protect their customers from ransomware attacks and other disruptions.”

With the sale of Axcient, K1 has now realized over $1.8 billion of liquidity in the past ten months across its portfolio. This exit follows a series of successful transactions, including the recent take-private of MariaDB, the strategic growth investment in Board Intelligence, and the sale of GoCanvas to Nemetschek Group (FRA:NEM).

About Axcient
Axcient is an award-winning provider of Business Continuity and Disaster Recovery (BCDR) solutions, offering advanced cloud-based data protection services that ensure businesses can recover quickly from disruptions. Axcient’s commitment to product innovation and strong partner support have earned it a trusted reputation for MSPs.

About K1
K1 is one of the largest investors in small-cap enterprise software companies. Headquartered in Manhattan Beach, California, K1 partners with strong management teams of high-growth software businesses, utilizing operationally-focused growth strategies to rapidly scale portfolio companies. Dedicated to transforming industries and driving productivity, K1 has collaborated with over 240 enterprise software companies since inception.

K1’s exclusive focus, driven by its single team, single office, and single fund strategy, has resulted in realizations for many of its portfolio companies. Examples include Apttus (sold to Thoma Bravo), Buildium (sold to RealPage, NASDAQ: RP), Certent (sold to insightsoftware), Checkmarx (sold to Insight Partners and Hellman & Friedman), Clarizen (sold to Planview), FMG Suite (sold to Aurora Capital Partners), GoCanvas (sold to Nemetschek Group, FRA: NEM), Granicus (sold to Vista Equity Partners and Harvest Partners), Inthinc (sold to Orbcomm, NASDAQ: ORBC), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions, NYSE: MSI), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMedia), WorkForce Software (now owned by Insight Partners and Elliott Investment Management) and Zapproved (sold to Exterro).

For more information, visit k1.com and follow K1 Investment Management on LinkedIn.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/k1-to-exit-axcient-a-category-leader-in-business-continuity-and-disaster-recovery-solutions-302244581.html

SOURCE K1 Investment Management

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Charter to Participate in Liberty Media Corporation’s Annual Investor Meeting

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STAMFORD, Conn., Nov. 11, 2024 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that Christopher Winfrey, President and Chief Executive Officer, will participate in Liberty Media Corporation’s annual Investor Meeting in New York, New York on Thursday, November 14, 2024. Mr. Winfrey’s remarks are scheduled to begin at approximately 1:40 p.m. ET. Mr. Winfrey will also participate in a Q&A session beginning at approximately 2:30 p.m. ET.

A live webcast of the event can be accessed on the event’s registration website, https://www.libertymedia.com/investor-day. Following the live broadcast, the webcast will be archived at https://www.libertymedia.com/investors/news-events/ir-calendar.

About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 58 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise® provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The Company also distributes award-winning news coverage and sports programming to its customers through Spectrum Networks. More information about Charter can be found at corporate.charter.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/charter-to-participate-in-liberty-media-corporations-annual-investor-meeting-302301379.html

SOURCE Charter Communications, Inc.

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Bring Holiday Happiness to the Table with Easy, Festive Sides

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MISSION, Kan., Nov. 11, 2024 /PRNewswire/ — (Family Features) Many people would agree the holidays are one of the happiest times of the year – but also one of the most stressful. Replace the stress with smiles by cooking easy, delicious dinners that can help make the season a breeze and bring a little holiday happiness to mealtime.

Spend less time in the kitchen and more time with family by turning to easy-to-prepare potato recipes that can make the whole family happy.

For example, when you’re busy trying to cook multiple things at once, free up precious oven real estate while saving time with these Herby Holiday Air Fryer Little Potatoes. For a busy weeknight during the holiday season, potato dishes like this one can be made in an air fryer and customized with a few of your favorite pantry staples. If you don’t have fresh herbs on hand, dried will do the trick.

This recipe and many others can be streamlined with Little Potatoes, which come pre-washed, are small enough they don’t need to be cut and are a fresh, whole food grown on family farms so you can feel good about serving them to your loved ones.

Remember, easy can still be fabulous and festive. This Warm Winter Potato Salad with Cranberries offers the best of both worlds as it comes together in around 7 minutes with seasonal pops of red and green.

This family-friendly side features A Little Roasted Garlic, Rosemary & Thyme Microwave Ready Little Potatoes that simply need to be steamed in the microwave for 5 minutes then tossed with the included seasoning pack – no boiling or peeling required. It’s truly a holiday shortcut, and you can make the recipe even easier by using store-bought honey mustard vinaigrette if you’re short on time to make it from scratch.

Visit littlepotatoes.com to find more ways to spend less time in the kitchen and more time with family.

Herby Holiday Air Fryer Little Potatoes
Prep time: 5 minutes
Cook time: 25 minutes
Servings: 6

1 1/2    pounds Little Potatoes
2          tablespoons vegetable oil or melted butter
            salt, to taste
            pepper, to taste
2          tablespoons fresh or dried herbs, such as parsley, rosemary, sage or oregano, chopped

In large bowl, toss potatoes with oil or melted butter. Add salt and pepper, to taste. Place in air fryer basket.

Air fry potatoes at 390 F for 25 minutes.

Once air-fried, sprinkle potatoes with herbs and serve.

Warm Winter Potato Salad with Cranberries
Prep time: 2-5 minutes
Cook time: 5 minutes
Servings: 4

1          package A Little Roasted Garlic, Rosemary & Thyme Microwave Ready Little Potatoes
2          tablespoons olive oil
1          tablespoon Dijon mustard
1          tablespoon apple cider vinegar
1          teaspoon honey or maple syrup
            salt, to taste
            pepper, to taste
1/4       cup dried cranberries
1          small apple, thinly sliced
2          tablespoons chopped walnuts or other nuts (optional)
            fresh parsley (optional)
            green onions (optional)

Prepare potatoes according to package instructions, about 5 minutes, tossing with olive oil and included seasoning pack once cooked.

In small bowl, whisk Dijon mustard, apple cider vinegar and honey or maple syrup. Season with salt and pepper, to taste.

In large bowl, toss warm potatoes with cranberries, thinly sliced apple and walnuts, if using.

Drizzle mustard dressing over top and gently mix until well-coated.

Top with fresh parsley or green onions, if desired, for pop of color. Serve warm.

Tips: If you like more texture, toast walnuts for extra crunch. For added creaminess, mix 1 tablespoon Greek yogurt or mayonnaise into dressing. To save time or reduce ingredients needed, use storebought honey mustard vinaigrette.

Michael French
mfrench@familyfeatures.com
1-888-824-3337
editors.familyfeatures.com

About Family Features Editorial Syndicate

A leading source for high-quality food, lifestyle and home and garden content, Family Features provides readers with topically and seasonally relevant tips, takeaways, information, recipes, videos, infographics and more. Find additional articles and information at Culinary.net and eLivingToday.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bring-holiday-happiness-to-the-table-with-easy-festive-sides-302301430.html

SOURCE Family Features Editorial Syndicate

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The Hashgraph Association Partners with Blockchain for Energy to Strengthen Carbon Emissions Management for the Energy Sector

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Built by Blockchain for Energy, B4Ecarbon has revolutionized emissions management in the energy sector, providing decentralized solutions for increased transparency and accountability.

ZUG, Switzerland, Nov. 11, 2024 /PRNewswire/ — Today, The Hashgraph Association (THA), a Swiss-based organization and leader in digital innovation, announced its collaboration with Blockchain for Energy (B4E), a leader in decentralized digital solutions for the energy sector. This partnership aims to enhance efficient, traceable, and transparent transactions built on a decentralized energy ecosystem. As part of the collaboration, THA will expand its Hashgraph Enterprise Grant Program (HEP) to include Blockchain for Energy’s emissions management solution, B4ECarbon, which leverages Hedera’s DLT to drive transformations in the energy sector. 

The Hashgraph Enterprise Grant Program (HEP) is designed to accelerate the development and deployment of enterprise use cases on the Hedera network.

B4ECarbon is the energy industry’s first comprehensive emissions management solution, leveraging blockchain, artificial intelligence, and IoT systems. This decentralized AIoT design model addresses the urgent need for accurate, transparent, and verifiable emissions-related data.

The solution provides an intelligent and highly-secure digital framework for data-driven verification processes of ecological claims, aligning with regulatory bodies and capital markets. The B4E Carbon solution offers industry-wide support, including Oil and Gas, CCUS, and Geothermal Energy.

B4ECarbon leverages the power of Hedera, Hashgraph’s advanced distributed ledger technology, and the Guardian open-source platform. This creates a secure, traceable, auditable, and efficient decentralized infrastructure for data management and transparency. Hedera’s DLT, artificial intelligence, and IoT systems make B4ECarbon the new standard for digitally measuring, reporting, and verifying emissions claims. By combining AIoT with DLT technology, the platform enables operational efficiency, improves data quality and transparency, and strengthens overall management and analytics, reducing the risk of greenwashing and fraud. 

Notable B4E representatives include global and international firms in the energy sector, such as Chevron, ExxonMobil, ConocoPhillips, Repsol, Chesapeake Energy, Devon Energy, Schlumberger, and Enovate AI.

The tokenization inherent in B4ECarbon champions data integrity and interoperability by adhering to the frameworks and standards set forth by the Interworking Alliance (IWA). B4ECarbon representatives are actively engaged with the IWA to foster the further development of IWA frameworks. 

Speaking on the importance of The Hashgraph Enterprise Program (HEP), Kamal Youssefi, President of The Hashgraph Association, stated, “At The Hashgraph Association, we are proud to continue supporting companies that deliver environmentally sustainable solutions in an innovative and compliant way. The B4ECarbon platform fits perfectly into our Hashgraph Enterprise Grant Program and overall mission, providing an intelligent and secure digital framework for validating environmental claims. This comprehensive emissions management solution serves industries such as oil and gas, geothermal, and hydrogen.”

Speaking on the benefits of the collaboration, Rebecca Hofmann, Founder and President of Blockchain for Energy, said, “We are very excited to be working with The Hashgraph Association, combining our in-depth industry expertise with THA’s substantial technical resources. Together, leveraging Hedera DLT, we are providing energy companies and leaders with a robust solution for producing high-quality, transparent, and immutable emissions-related data. This not only eliminates the potential for greenwashing and fraud but also prevents double counting in emissions claims.”

 

View original content:https://www.prnewswire.co.uk/news-releases/the-hashgraph-association-partners-with-blockchain-for-energy-to-strengthen-carbon-emissions-management-for-the-energy-sector-302301446.html

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