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Athenium and Hale Capital Partners Join Forces to Drive Advanced Analytics and AI Solutions in Risk and Quality Management Markets

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NEW YORK, Nov. 6, 2024 /PRNewswire/ — Hale Capital Partners (“Hale Capital”), a NY-based private growth equity firm, led a cooperative recapitalization through which it acquired a majority stake in Athenium, a leading provider of innovative risk and quality management solutions for insurance, finance and government sectors.

This investment marks a significant milestone, bringing together Hale Capital’s deep expertise supporting high-growth technology companies with Athenium’s cutting-edge software solutions. Athenium has been widely recognized for transforming claims quality control, underwriting and risk selection, and risk management through advanced data analytics and AI-driven capabilities.

In connection with the investment, Jim Greenwell has joined Athenium as CEO. Jim is a proven CEO who successfully led multiple companies, one of which was Hale Capital’s first portfolio company. “Athenium is an industry leader in risk and quality management solutions with a history of exceeding its customers’ expectations with its best-in-class solutions. My focus is to create an environment where our employees succeed in serving our customers brilliantly,” said Jim of his mission.

“We are thrilled to become the majority investor in Athenium and work with Jim again,” said Martin Hale, CEO of Hale Capital. “Jim’s customer-focused leadership coupled with Athenium’s exceptional innovation in risk analytics creates tremendous potential to scale. We’re combining our strategic resources and operational expertise with Athenium’s leading products to accelerate growth and broaden impact across industries.”

Athenium, headquartered in Dover, NH, has long been at the forefront of delivering high-impact solutions empowering data driven decision-making, increasing operational efficiency, and enhancing risk management practices. The company’s products are known for integrating predictive analytics, machine learning and domain expertise to help clients proactively manage risk and optimize performance.

Hale Capital has a strong track record investing in and guiding technology and software companies able to shape the future of their industries, scaling innovation and fostering sustainable business models.

The investment will fuel further development of Athenium’s products, allowing the company to explore new verticals and enhance its capabilities in insurance, financial services, and beyond.

About Hale Capital
Hale Capital partners with talented entrepreneurs to achieve remarkable corporate transformations. We serve as stewards for the ideas of extraordinary leaders as they seek to accelerate growth in special situations, divestitures, and federal technology sectors. Hale’s roadmap to success centers on a program of transformation— financial, cultural, and operational—developed from extensive academic work and over two decades of investment expertise. This critical intellectual property helps our companies evolve, grow, and compete in an ever-shifting marketplace. To learn more, visit www.halecapital.com.

About Athenium
Athenium is a leading provider of risk and quality management solutions, offering advanced analytics software to optimize performance and manage risk. Their products combine patented technology and artificial intelligence to drive decision-making and operational improvements. Athenium’s mission is to help organizations make smarter, data-driven decisions. For more information, visit www.athenium.com.

Media Contacts:

Athenium
Colin McBride
marketing@athenium.com
www.athenium.com

Hale Capital Partners
Nate Foos
nate@halefunds.com
www.halecapital.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/athenium-and-hale-capital-partners-join-forces-to-drive-advanced-analytics-and-ai-solutions-in-risk-and-quality-management-markets-302297560.html

SOURCE Athenium LLC

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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November 23, 2024

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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4 hours ago

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November 23, 2024

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html

SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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5 hours ago

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November 23, 2024

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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