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Cold Chain Technologies Acquires Tower Cold Chain, Expanding its Product Portfolio and Global Service Network

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FRANKLIN, Mass. and THEALE, UK, Oct. 23, 2024 /PRNewswire/ — Cold Chain Technologies (“CCT”), a leading global provider of advanced thermal packaging and digital monitoring solutions for the transportation of temperature-sensitive life sciences products, today announced it has acquired Tower Cold Chain (“Tower”), a global provider of advanced passive reusable cold chain solutions. Terms of the transaction were not disclosed.

Founded in 1999, Tower designs, manufactures, and operates a fleet of advanced passive reusable temperature-controlled containers used to transport high-value life sciences products. From its United Kingdom headquarters and network of more than 20 service hubs across five continents, Tower supports its blue-chip pharmaceutical and life sciences customers around the world.

“Tower has developed an impressive portfolio of highly technical, robust reusable products capable of exceeding the stringent requirements of global pharmaceutical clients,” said Ranjeet Banerjee, CEO of CCT. “We are thrilled to partner with Niall and the entire Tower team to offer exciting new products and geographic service capabilities to our current and prospective customers. This combination further establishes CCT as the leader in temperature-controlled packaging solutions with unmatched thermal engineering expertise, digital monitoring and tracking, global manufacturing, and commitment to sustainability.” 

“We are excited to leverage CCT’s robust product portfolio, manufacturing capabilities, proprietary track-and-trace software, and leading R&D expertise to accelerate our worldwide growth,” said Niall Balfour, CEO of Tower. “We have long admired CCT as a leader in our industry and believe it is the ideal partner to support Tower’s next chapter of growth. We look forward to working with Ranjeet and his team to better serve our customers, our employees, and the entire life sciences community.”

This is CCT’s fourth acquisition since partnering with Aurora Capital Partners in 2019. During this time, CCT has dramatically expanded its portfolio of sustainable packaging solutions, entered key new life sciences verticals, launched its digital platform, and grown its global manufacturing and service capabilities.

About Cold Chain Technologies
Cold Chain Technologies (“CCT”) is a leading global provider of thermal packaging and digital solutions for the shipment of temperature-sensitive material for the life sciences industry. With more than 50 years of proven product assurance in transit, CCT has built a reputation as the life sciences industry’s most innovative and dependable provider. For more information about CCT, visit: https://www.coldchaintech.com/

About Tower Cold Chain
Tower Cold Chain (“Tower”) manufactures advanced passive reusable thermal packaging solutions primarily for pharmaceutical and biopharmaceutical applications. Founded in 1999, Tower is headquartered in Theale, UK and maintains more than 20 global service hubs across five continents. For more information about Tower Cold Chain, visit: https://www.towercoldchain.com/

About Aurora Capital Partners
Aurora Capital Partners is a leading Los Angeles-based private equity firm with $6 billion in assets under management. Founded in 1991, the firm invests in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. For more information about Aurora Capital Partners, visit: https://www.auroracap.com/

Media Contacts

Cold Chain Technologies
Amardeep S Chahal
SVP – Marketing and Corporate Development
achahal@coldchaintech.com

Aurora Capital Partners
Taylor Ingraham
ASC Advisors
tingraham@ascadvisors.com 

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Balam and Transfera Unveil the World’s First Remittance-as-a-Service Platform

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SAN ANTONIO, Oct. 23, 2024 /PRNewswire/ — Balam, a pioneer in stablecoin-backed remittance infrastructure, and Transfera, a Lana Group Inc. company known for its co-branded debit cards with brands like Chivas del Guadalajara, have joined forces to launch the world’s first Remittance-as-a-Service platform. This cutting-edge solution is designed to transform how US immigrants send remittances, starting with Mexico and Colombia, and is projected to expand to more than 10 countries by the end of the year.

With this collaboration, Balam provides the robust infrastructure and seamless API integration, enabling institutions like Transfera to offer remittance services that are 10X faster and 80% cheaper than traditional methods. The partnership marks a significant leap in cross-border payment solutions, paving the way for more accessible, cost-effective financial services for US immigrants.

“Finding a fast, affordable remittance solution has been a long-standing challenge for our customers,” said Antonio Regojo, CEO of Transfera and Lana Group. “Partnering with Balam Pay allows us to deliver a cutting-edge solution that meets the demand for faster, more affordable cross-border payments, while leveraging Balam’s expertise and innovation.”

“Our platform addresses the long-standing inefficiencies in cross-border payments,” said José Alberto, CEO of Balam Pay. “By reducing both the time and cost associated with remittances, we’re not just keeping pace with demand—we’re setting a new standard for the industry.”

By year’s end, Transfera and Balam will expand their services to key markets across Latin America, including El Salvador and Guatemala, marking a major milestone in transforming the financial landscape for immigrants across the Americas.

Visit our website today to experience the future of Remittances-as-a-Service: https://www.transferapay.com

Disclaimer: Balam and its affiliates are technology companies, not financial entities. Balam does not issue Stablecoins or any other digital currencies or securities, nor holds customer funds or perform money transmission. Balam offers a technology platform that allows businesses to access services provided by regulated entities. Financial services are provided by our Financial Partners, who possess the necessary licenses.

Contact:
Mayan Jaguar Operations LLC
***@balampay.com

Photo(s):
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Industrial Cybersecurity Market worth $135.11 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2024 /PRNewswire/ — The global industrial cybersecurity market was estimated to be valued at USD 84.54 billion in 2024 and is projected to reach USD 135.11 billion by 2029; it is expected to register a CAGR of 9.8% during the forecast period according to a new report by MarketsandMarkets™. Increasing focus on integrating the Internet of Things (IoT) in Industrial Control Systems (ICS), deployment of artificial intelligence (AI) and generative AI in security solutions, the growing shift towards smart manufacturing, increasing risk of cyberattacks, the rising need to protect critical infrastructure from sophisticated cyber threats, and stringent regulatory compliance in various sectors are the major factors driving the overall market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37646764

Browse in-depth TOC on “Industrial Cybersecurity Market” 
230 – Tables
73 – Figures
331 – Pages

Industrial Cybersecurity Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 84.54 billion

Estimated Value by 2029

$ 135.11 billion

Growth Rate

Poised to grow at a CAGR of 9.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Security Type, End-user Industry, deployment type, and Region.

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Integrating cybersecurity solutions with existing industrial processes

Key Market Opportunities

Increasing demand for automation solutions meeting safety standards

Key Market Drivers

Deployment of AI/Gen AI models in industrial setups

By Security Type, Network security segment to account for the largest market share in 2029.

It is anticipated that network security will dominate the market for industrial cybersecurity throughout the forecast period since it serves as the grounding for protecting linked systems from external threats. When AI and IoT are introduced into enterprises, their networks are threatened by intrusions, which underlines the need to manage data flow between devices and systems. As industrial networks become increasingly complex, companies focus on enhancing network security to safeguard their operations, maintain information integrity, and ensure organizational resilience when facing new and growing threat risks.

By Deployment Type, the Cloud segment is expected to exhibit the highest CAGR between 2024 and 2029.

In the industrial cybersecurity market by deployment type, the cloud segment is expected to have the highest CAGR as more firms achieve cloud adoption for their solutions than on-premises due to factors such as flexibility and cost of acquiring infrastructure. While organizations implement digital strategies and distributed work, cloud security remains an important issue. One of the major reasons that cloud security is rapidly growing is that more important data and critical operations have started storing in the cloud services.

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North America to dominate the market from 2024 to 2029.

North America is anticipated to have the largest share in the industrial cybersecurity industry because of its early adaptation of modern technologies as well as its strong industrial environment. The presence of major industrial cybersecurity players coupled with legal frameworks that put pressure on firms to adopt enhanced security measures are driving the market growth. Furthermore, the increasing trend of cyber threats towards critical infrastructure, such as energy and manufacturing sectors is forcing organizations in North America to embrace more advanced and superior cybersecurity solutions, making the region a leader in the market.

Key Players-

The key companies offering industrial cybersecurity companies include Microsoft (US), IBM (US), Palo Alto Networks (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Fortinet, Inc. (US), and Musarubra US LLC (Trellix) (US).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial IoT Market Size, Share & Industry Trends Growth Analysis Report by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region – Global Forecast to 2029

Industrial Communication Market Size, Share & Industry Trends Analysis Report by Components (Switches, Gateways, Power Supply Devices, Router & WAP, Communication Interface & Protocol Converters, Controllers), Software, Services, Communication Protocol, Vertical and Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
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EduMed.org celebrates Medical Assistants Recognition Week with online guides for aspiring MAs

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New resources highlight pathways to becoming a medical assistant, top programs for 2025 and the importance of empathy in patient care.

RENO, Nev., Oct. 23, 2024 /PRNewswire-PRWeb/ — In honor of Medical Assistants Recognition Week (MARWeek), EduMed.org has released a collection of new and updated guides to support students pursuing careers as medical assistants. The guides include a step-by-step process on how to become a medical assistant, a collection of key resources for medical assisting students, the best online and hybrid medical assistant programs for 2025, and a new piece on why empathy is a critical skill for medical assistants.

“Medical assistants are essential to today’s healthcare system. Their ability to balance patient care with administrative responsibilities makes them invaluable in hospitals, clinics and physician offices across the country.”

Medical assistants are the backbone of many healthcare facilities, performing both administrative and clinical tasks to ensure that patient care runs smoothly. As the demand for healthcare services increases, medical assistants play a crucial role in supporting physicians, nurses and other healthcare professionals.

“Medical assistants are essential to today’s healthcare system,” said Wes Ricketts, founder of EduMed.org. “Their ability to balance patient care with administrative responsibilities makes them invaluable in hospitals, clinics and physician offices across the country.”

As the healthcare landscape continues to evolve, the medical assisting profession has seen tremendous growth, with myriad opportunities for those interested in joining the field. According to the U.S. Bureau of Labor Statistics (BLS), employment of medical assistants is expected to grow 16 percent from 2022 to 2032, much faster than the average for all occupations. This growth is driven by an aging population, increasing demand for healthcare services and the expansion of outpatient care facilities.

“The medical assisting profession is expanding rapidly, with job openings projected to increase significantly over the next decade,” added Ricketts. “Students considering this career path should find both stability and a strong sense of purpose in supporting patients and healthcare teams alike.”

EduMed.org’s updated resources guide prospective medical assistants through every step of their journey, from choosing the right educational program to understanding the importance of soft skills like empathy, which play a vital role in patient interactions and overall healthcare outcomes.

You can read EduMed’s resources at the following locations:

How to become a certified medical assistant – https://www.edumed.org/how-to-become/certified-medical-assistant/Online resources for medical assisting students – https://www.edumed.org/online-schools/medical-assistant-programs/student-resources/Empathy & patient care for medical assistants – https://www.edumed.org/blog/empathy-in-patient-care-as-a-medical-assistant/The best online medical assistant programs for 2025 – https://www.edumed.org/online-schools/medical-assistant-programs/

About EduMed.org

EduMed.org set out in 2018 to support higher education in nursing and allied health. Our free resource materials and expert-driven guidebooks help students find scholarships, financial aid and top degree programs in nursing, healthcare administration, public health, and dozens of other key medical and health disciplines. Since the site’s official launch in 2019, EduMed has been featured by more than 100 premier colleges and universities across the U.S.

Media Contact

Wes Ricketts, EduMed.org, 1 775-234-8689, news@edumed.org, https://www.edumed.org

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