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Cox Enterprises Backs Socium Ventures with a Second $300 Million Fund, Reinforcing Commitment to Fostering Innovation

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David Yang joins Socium Ventures as Partner

ATLANTA, Oct. 24, 2024 /PRNewswire/ — Socium Ventures is a venture and growth investment firm focused on investing in durable and compounding companies. Today, Cox Enterprises announced the second fund for Socium Ventures, a $300 million investment, bringing the total managed capital to $600 million. Socium Ventures is actively seeking investment opportunities in the $3 million to $25 million range across industries and sectors experiencing technology-led growth, including enterprise and vertical software, advanced computer tools, public sector software, healthcare, fintech, B2B marketplaces and sustainability. The Socium Ventures team looks to support its portfolio companies across every stage of development with strategic and operational support as well as permanent capital over the long term.

“Cox Enterprises has built innovative businesses for 126 years,” said Dallas Clement, president and chief financial officer, Cox Enterprises. “This second round of funding for Socium Ventures strengthens our ability to partner with the next generation of original thinkers to create solutions to big problems and prosperity for the next generation.”

Launched in June 2023, Socium Ventures, backed by Cox Enterprises, is looking to build on the strengths of the Cox platform, including its deep and permanent capital base as well as the strategic and operational expertise of Cox’s $23 billion family of businesses. Socium Ventures’ current portfolio of companies include New York-based Carbyne, a company revolutionizing how citizens engage with emergency services nationwide— and recently added Knowde and Crisp to the portfolio.

“This second fund recognizes what we’ve accomplished since launching Socium Ventures last year,” said Andrew Davis, senior vice president of Strategy and Investments, Cox Enterprises and managing partner of Socium Ventures. “Moving forward, we will continue our investing strategy to help early-stage businesses scale for a bigger impact. This is a formula that has worked well for us, and we are excited about our future prospects.”

In a significant addition to its team, Socium Ventures welcomes David Yang as a partner. He is the first dedicated senior hire for the firm. Yang joins Socium Ventures after spending 15 years investing in growth technology companies across investment stages, including venture, growth and public companies. His past investments have included Chime, Deuna, Digital Ocean, JOKR, Papaya Pay and PinDuoDuo. He started his investing career at Warburg Pincus and TA Associates.

“I’ve spent my career supporting founders and leadership teams who are building foundational companies,” said Yang. “I’m incredibly excited to join Socium Ventures and execute against our mandate of partnering with durable and compounding companies that are leading the charge on innovation and growth.”

For more information about Socium Ventures and its latest investments, please visit sociumventures.com.

About Cox Enterprises
Cox Enterprises is dedicated to empowering people to build a better future for the next generation. Cox is a leader in the broadband, automotive, and media industries, as well as a leading investment platform with strategic positions in emerging technologies driving the future of agriculture, renewable energy, health care, and public sector software. Headquartered in Atlanta, Georgia, Cox is a global company with $23 billion in annual revenues and a proud history spanning more than 125 years. To learn more about Cox and its commitment to its people, planet and communities, visit coxenterprises.com

About Socium Ventures
Socium Ventures, a venture and growth investment fund launched by Cox Enterprises, represents a new era in full life cycle investment strategies. Socium Ventures is dedicated to supporting portfolio companies at every stage of development and building strong partnerships with founders. Seeking investment opportunities for Series A and beyond, Socium Ventures offers a unique proposition, providing companies with access to deep and permanent capital, extensive strategic and operating experience, and support across stages and over the long term. Learn more at SociumVentures.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cox-enterprises-backs-socium-ventures-with-a-second-300-million-fund-reinforcing-commitment-to-fostering-innovation-302286408.html

SOURCE Cox Enterprises

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Noted National Engineering Author Jayshree Seth Shares Life Lessons from a Career in STEM at Society of Women Engineers Annual Meeting in Chicago

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Nationally known author, TEDx speaker and 3M Chief Science Advocate Jayshree Seth, Ph.D. was in Chicago today sharing life lessons from her new book with fellow engineers at the Society of Women Engineers Annual Meeting.

CHICAGO, Oct. 24, 2024 /PRNewswire-PRWeb/ — Noted National Engineering Author Jayshree Seth Shares Life Lessons from a Career in STEM at Society of Women Engineers Annual Meeting in Chicago
(ChicagoOctober 24, 2024) – Nationally known author, TEDx speaker and 3M Chief Science Advocate Jayshree Seth, Ph.D. was in Chicago today sharing life lessons from her new book with fellow engineers at the Society of Women Engineers Annual Meeting.

The book, “The Heart of the Science: Engineering Blueprint,” covers a wide range of STEM-related topics in four main sections and is the last in the SWE published trilogy with Seth, which includes “The Heart of Science: Engineering Fine Print,” and “The Heart of Science: Engineering Footprints and Imprints.” The book provides guidance to those in STEM or those considering a career in STEM.

The interactive format of the book provides an immersive experience for the reader with each chapter addressing practical topics, real-life application of the topic from Seth’s career, infographics providing a visual representation of the chapter, and a workbook for the reader to apply the lessons learned in their life. The book serves as the reader’s personal mentoring session with Seth.

In her introduction to her latest book, Seth sets forth her intention for readers.

“I didn’t start my career knowing how to think in ways that empowered me. I had to come into it through transition, reflection, and empowered action,” she writes. “A lot of these exercises ask you to stretch to places and roles you have only encountered in your imagination. It will plant the seeds in your head that will help you cultivate your specific way of thinking.”

Some of the topics addressed include:

    Influencing others to impact change    Managing opposition to diversity initiatives    Driving a sustainability leadership mindset    Viewing everyone as a mentor

Unique to this book is the workbook at the end of every chapter, which Seth aptly calls “Draft Blueprints” as they provide readers with their personal draft that they can implement using key points gleaned from Seth’s insights and real-life experiences, crafting a dynamic publication that the reader will find engaging and practical.

“SWE is honored to support Jayshree’s book and her commitment to helping young women entering the engineering field,” said Karen Hortin, executive direct and CEO of SWE. “The latest book serves as the perfect capstone course to her trilogy of invaluable teachings.”

Seth, a corporate innovator, and first-ever chief science advocate, is a prolific inventor, author, speaker and thought leader. She holds 80 patents and provides unique and practical perspectives on innovation, leadership, culture, and careers. Seth was featured in the 3M docuseries, “Not the Science Type,” which premiered during Tribeca Film Festival in 2021. She also received The Society of Women Engineers Achievement Award in 2020.

All proceeds go toward the Jayshree Seth Scholarship for Women of Color in STEM, administered by the Society of Women Engineers. The Scholarship is aimed at helping underrepresented minorities advance in STEM education and professionals related to engineering and technology. The scholarship has awarded $29,000 to five individuals since its inception in 2021.

To order “The Heart of Science: Engineering Blueprint,” visit https://a.co/d/bR3NgIN.

About SWE

The Society of Women Engineers (SWE), founded in 1950, is the world’s largest advocate and catalyst for change for women in engineering and technology. The not-for-profit educational and service organization is the driving force that establishes engineering as a highly desirable career aspiration for women. To ensure SWE members reach their full potential as engineers and leaders, the Society offers unique opportunities to network, provides professional development, shapes public policy and provides recognition for the life-changing contributions and achievements of women engineers. As a champion of diversity, SWE empowers women to succeed and advance in their personal and professional lives. For more information about the Society, please visit http://www.swe.org or call 312.596.5223. 

Media Contact

Christopher David Martin, The Society of Women Engineers, 6306702745, cmartin@davidjamesgroup.com, www.swe.org

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SOURCE The Society of Women Engineers

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CFG: UK MEDICAL JOURNAL EXPOSES HEALTH HARM FROM ONLINE GAMBLING

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LONDON, Oct. 24, 2024 /PRNewswire/ — A new report published in The Lancet Public Health reveals the urgent need for regulatory reform as the global expansion of commercial gambling is causing widespread and underestimated harm to public health. 

A new report in The Lancet Public Health reveals the need for gambling reform as expansion is harming public health.

“As a philanthropic gambling reform advocate, I started CFG as a US-facing site, knowing how disastrous the UK experience of online gambling has been,” said Derek Webb, founder and funder of the Campaign for Fairer Gambling (CFG). “This damning Lancet report confirms my worst fears: the financially-motivated trade bodies and their associated proponents have been responsible for generational harm to individuals.”

The Lancet Public Health Commission calls for regulatory reform to tackle the health impacts of the rapid global expansion of commercial gambling. Key findings include:

Gambling harms are far more substantial than previously understood, exacerbated by rapid global expansion and digital transformation of the gambling industry. Harms from gambling include physical and mental health problems, relationship breakdown, heightened risk of suicide and domestic violence, increased crime, loss of employment and financial losses.An estimated 80 million adults globally experience gambling disorder or problematic gambling.The harms of gambling are not evenly distributed; adolescents, children and those from disadvantaged socioeconomic groups are more at risk. Lower- and middle-income countries are less equipped to regulate the industry and deal with the harms it generates. Effective and well-resourced regulatory controls and international leadership are urgently needed to reduce the impact of commercial gambling on public health and protect progress on UN Sustainable Development Goals.

Stronger global regulatory controls are needed to reduce the impact of commercial gambling on worldwide health and wellbeing, according to the Lancet Public Health Commission.

The Commission brought together a multidisciplinary group of leading experts in gambling studies, public health, global health policy, risk control and regulatory policy, alongside contributors who have first-hand experience of gambling harms. After reviewing the literature, and figures generated from a systematic review and meta-analysis, the Commissioners concluded that “gambling poses a threat to public health, the control of which requires a substantial expansion and tightening of gambling industry regulation.”

“There is an urgent need for a US federal investigation into online gambling, which did not exist when the last gambling investigation occurred in 1999,” Webb concluded. 

CFG is an independent gambling reform group with deep knowledge of the gambling sector’s business and lobbying practices in both the U.K. and the U.S. CFG is dedicated to promoting fairer gambling practices through research, advocacy, and reform. CFG exists to equip policymakers with real, reliable data to foster more informed, balanced debates and ultimately smarter gambling policy. For more information, visit fairergambling.com or follow @fairergambling on X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cfg-uk-medical-journal-exposes-health-harm-from-online-gambling-302286763.html

SOURCE The Campaign for Fairer Gambling

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Cato Networks Announces Inaugural Americas Partner Awards at 2024 Americas Partner Summit

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Cato recognizes partners with highest business impact in 2024

LAS VEGAS, Oct. 24, 2024 /PRNewswire/ — Cato Networks, the SASE leader, today announced the winners of its inaugural Americas Partner Awards at the 2024 Cato Networks Americas Partner Summit in Las Vegas. The 2024 Cato Networks Americas Partner Awards celebrate partners that demonstrate commitment to the Cato customer experience, innovation with the use of Cato products, and outstanding business results.

“As the SASE leader and a partner-first company, Cato Networks is committed to empowering the channel community to be in the best position to win and retain SASE customers,” said Frank Rauch, global channel chief at Cato Networks. “Our partners drive Cato’s success and it’s important that we recognize them for their accomplishments this year. Congratulations to our partner award winners. Together, we are redefining the IT security market with SASE.”

Winners include:

Reseller Partner of the Year – Alchemy Technology GroupTSD Partner of the Year – AVANT CommunicationsTrusted Advisor Acceleration Partner of the Year – CompuNetAcceleration Partner of the Year – GuidePoint SecurityMarketing Campaign of the Year – Intrepid TEQMSP Partner of the Year – Matrix NetworksTrusted Advisor Partner of the Year – Paradigm Technology GroupService Provider Partner of the Year – Windstream EnterpriseBrand and Social Media Partner of the Year – XenTegra

Resources

Visit Cato’s partner page for more information about the global partner program.Visit the Cato MSASE Partner Platform page for more information about managed SASE.

About Cato Networks

Cato Networks delivers enterprise security and networking in a single cloud platform. The SASE leader creates a seamless and elegant customer experience that effortlessly enables threat prevention, data protection, and timely incident detection and response. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack. 

Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

Media Contact

Cato Communications
press@catonetworks.com

View original content:https://www.prnewswire.co.uk/news-releases/cato-networks-announces-inaugural-americas-partner-awards-at-2024-americas-partner-summit-302286392.html

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