Technology

Paladin Capital Group Welcomes Nazo Moosa as Managing Director in Europe

Published

11 hours ago

October 21, 2024

WASHINGTON, Oct. 21, 2024 /PRNewswire/ — Today, Paladin Capital Group announced that one of Europe’s leading tech investors Nazo Moosa has joined as Managing Director for the firm’s European operations. Moosa joins Paladin’s United Kingdom office and, along with Managing Director Ken Pentimonti, will drive international investments and fundraising. She will also serve on Paladin’s Executive Committee. Moosa’s addition to the firm further positions Paladin as a leader in the European venture capital (VC) community and builds on a long-standing relationship between Moosa and Paladin, with Moosa serving as a senior advisor to the firm since 2017.

Moosa has been investing in enterprise software and deep technologies for more than two decades and has become a central player in Europe’s growth capital market. Earlier in her career, she helped found The Carlyle Group’s European Technology Fund, where she invested in growth and buyout strategies. Nazo went on to launch the investment activities of Europe’s first dedicated cybersecurity fund. She then continued to invest in cybersecurity and other foundational technologies to maintain a secure, resilient, and clean energy infrastructure as Managing Partner at EIP, a multi-stage fund with $3 billion in assets under management.

“We are honored to have Nazo join Paladin and are excited to benefit from her unparalleled investing and management experience to further strengthen our European presence and firm as a whole. With more than 20 years of experience investing in technology that drives innovation and strengthens the security and resiliency of democratic countries, she will be critical to expanding Paladin’s mission both in Europe and across the globe,” said Michael Steed, Founder and Managing Partner at Paladin Capital Group. “We are grateful for our years of partnership with Nazo and are excited to work together to continue growing the world’s most innovative and security-first companies.”

At Paladin, Moosa will play a vital role in charting out the firm’s direction. As Managing Director and member of the Executive Committee, she will help ensure that Europe takes advantage of its opportunity to combine international capital and its world leading research in AI, cybersecurity, robotics, and quantum to develop global technology leaders.

“I am thrilled to expand my relationship with Paladin. Europe has historically underinvested in its security, and with new technology creating an increasingly unstable world, we cannot afford to miss this golden opportunity to develop a more resilient economy, said Nazo Moosa, Managing Director at Paladin Capital Group. “When I joined Paladin as senior advisor in 2017, I witnessed first-hand their extraordinary capacity to bring together corporations, start-ups, and policymakers to drive innovation in the market and fortify the critical infrastructure of the U.S. and its western allies. I look forward to working with the team in Europe to expand Paladin’s footprint in the UK and across Europe.”

Paladin has had an active presence in the UK and Luxembourg since 2015. In building its European footprint, the firm has invested in 25 companies with operations in Europe – including Hack the Box, IriusRisk, Calypso AI, and most recently, Constructive Bio and Zerve – and is actively investing its $370m Cyber Fund II in cyber and security-focused AI startups across the continent.

About Paladin Capital Group

Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage investor, Paladin’s core strength is identifying, supporting, and investing in innovative companies that develop promising, early-stage technologies to address the critical cyber and advanced technological needs of both commercial and government customers.

Combining proven investment experience with deep expertise in global security, cyber technology, and cutting-edge research, Paladin has invested in more than 80 companies since 2008 and has been a trusted partner to investors, entrepreneurs, and governments for over two decades. For more on Paladin Capital Group, follow us on Twitter at @Paladincap and on LinkedIn or visit us at www.paladincapgroup.com.

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SOURCE Paladin Capital Group

Technology

Omnex Acquires Futurepast

Published

26 mins ago

October 21, 2024

ANN ARBOR, Mich., Oct. 21, 2024 /PRNewswire/ — On October 17, 2024, Omnex Engineering and Management (Omnex), an Ann Arbor, Michigan-based firm, announced the acquisition of Futurepast, Inc., an Arlington, Virginia-based company that provides greenhouse gas consulting, training, and auditing services.

Omnex president Chad Kymal stated that Futurepast will be integrated into Omnex’s Secure, Safe, and Sustain (Omnex S3) business unit, and that Futurepast’s John Shideler will assume the role of Managing Director of Sustainability Services.

According to Kymal “Omnex’s S3 and Futurepast would like to support a Net Zero World helping our customers and the world transition into a future that balances the needs of the present with those of the future. S3 and Futurepast will provide training and verification services to support Omnex’s customers’ as well as the world’s aspiration to Net Zero Carbon. In addition, Omnex S3 supports the transition to eMobility by providing product certification for Automotive Functional Safety and Cybersecurity. Hence the collective vision and mission of Safety, Security, and Sustainability. According to Kymal, “we are indeed fortunate to have one of the world’s experts in greenhouse gases (GHG) and Net Zero join Omnex.”

Shideler stated that, saying, “Folding the mission of Futurepast into the Omnex group will add scale to our business operations and increase the level of services available to clients. It is a win-win for our customers and for the two companies.”

In August, Futurepast achieved accreditation from the ANSI National Accreditation Board as a validation and verification body, and it serves clients across North America and globally.

Omnex has 12 offices worldwide and provides services across 40 countries globally. We are thrilled to partner with Futurepast as we aim to make a real difference in reducing companies’ carbon footprints.

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SOURCE Omnex

Technology

Yale Levy Joins SoloSuit to Lead Growth of SoloSettle

Published

26 mins ago

October 21, 2024

SAN FRANCISCO, Oct. 21, 2024 /PRNewswire/ — SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company. He will focus on building partnerships with creditors, law firms, and collection agencies to promote SoloSuit’s latest tool, SoloSettle.

“I’m excited to help expand SoloSettle,” said Levy. “This innovative platform allows consumers to settle debts electronically while saving creditors significant legal costs by speeding up the process.”

SoloSettle is the first of its kind—a digital settlement marketplace designed to ease and automate the negotiation process between consumers and debt collectors. By leveraging AI and electronic communication, SoloSettle eliminates the need for direct phone conversations and court involvement, creating a frictionless and efficient way to settle debts online. Once an agreement is reached between the parties, the platform facilitates the entire process, from negotiating terms, to executing settlement documentation, to handling secure payments. SoloSettle saves time and money for both consumers and collectors, reducing the average settlement time from six months to just under 14 days.

“This is a win-win,” said George Simons, Founder and CEO of SoloSuit. “SoloSettle helps consumers settle debts affordably, while helping collectors recover debts faster and with less hassle. We’re thrilled to have Yale lead our expansion efforts.”

Under Levy’s leadership, SoloSettle has gained traction, with numerous law firms, collection agencies, and debt buyers already using the platform to resolve debts. Levy’s expertise provides a collector’s perspective, positioning SoloSuit as a trusted mediator between consumers and collectors.

“SoloSettle is not a debt settlement company,” Levy clarified. “It’s a neutral platform that streamlines the settlement process for both parties.”

Simons added, “Yale’s leadership in the collections industry is invaluable as we strengthen relationships with creditors, debt collectors, and law firms. With his help, we’ll continue to grow this innovative platform.”

About SoloSuit
SoloSuit helps consumers resolve debt collection lawsuits through web-based software. Its platform, SoloSettle, enables consumers and debt collectors to negotiate settlements online, reducing time, cost, and stress in debt resolution.

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SOURCE SoloSuit, Inc.

Technology

Sen. Amy Klobuchar tours American Peat Technology sites for Manufacturing Month

Published

26 mins ago

October 21, 2024

Growing Aitkin-based APT creates all-natural products for agricultural, other applications

MINNEAPOLIS, Oct. 21, 2024 /PRNewswire/ — Minnesota’s senior U.S. Senator Amy Klobuchar made a visit to the facilities of American Peat Technology (APT) in Aitkin, Minnesota, on Thursday, October 17th.

Sen. Klobuchar’s visit was part of her tour of Minnesota industrial worksites in honor of Manufacturing Month.

“We were proud to show Sen. Klobuchar how emerging applications for peat-based agricultural products are putting Minnesotans to work,” said APT’s CEO Brad Pieper. “Thanks to the excellence of our all-natural products, and the growing demand for them, APT is increasingly prominent as a solver of problems in agronomy, water treatment, consumer goods, and many other areas.”

Incorporated in 2003, APT uses peat – plant matter that naturally breaks down over time in Minnesota bogs and wetlands – to manufacture natural, value-added products serving needs in areas of agronomy, water remediation, consumer product development, whiskey distilling, battery mineral processing, and more. With vast research and development (R&D) and manufacturing capabilities, APT partners with start-ups and established companies to develop and scale product solutions.

“Whether it’s converting nitrogen into useful gases for crops, or filtering heavy metals out of water impacted by mining, APT’s peat processing not only helps Minnesota’s farmers, it’s also turning Central Minnesota’s peatland into real jobs that raise our local communities up,” said Pieper.

With 40 year-round employees, a 100,000 square foot production facility, and 480 acres under permit to mine, APT is Minnesota’s largest peat harvester. It’s one of several Minnesota businesses Sen. Klobuchar visited for Manufacturing Month, during which businesses open their doors to showcase their contributions to life in the state, and to recruit new talent.

“I stopped by American Peat Technology to see how their business helps local agriculture and creates manufacturing jobs in rural Minnesota,” said Sen. Klobuchar. “Our state has long been a premier destination for innovative companies like APT, and I’ll continue working to strengthen our economic leadership.”

“We’re thrilled Sen. Klobuchar chose to come to APT,” Pieper said. “It’s the perfect opportunity to highlight our company and the great things we’re doing for the people of Central Minnesota and the world.”

Learn more about APT at https://americanpeattech.com/.

About American Peat Technology

American Peat Technology (APT) manufactures natural, high-value all-natural products using peat harvested from Minnesota’s bogs and wetlands. As the state’s largest peat harvester, APT supports industries ranging from agronomy and water remediation to whiskey distilling and battery mineral production. Based in Aitkin, Minnesota, and offering R&D and manufacturing expertise, APT partners with start-ups and established companies alike to develop innovative, scalable solutions. Known for its nimble and science-driven approach, APT is a trusted partner that delivers custom solutions tailored to its clients’ most complex challenges.

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SOURCE American Peat Technology (APT)