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Nagaraja “Sri” Srivatsan Appointed CEO of Endpoint Clinical to Lead Next Phase of Innovation

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RALEIGH, N.C., March 20, 2025 /PRNewswire/ — Endpoint Clinical (“Endpoint”), a global leader in randomization and trial supply management (“RTSM”) solutions and a portfolio company of Arsenal Capital Partners, today announced the appointment of Nagaraja “Sri” Srivatsan as its Chief Executive Officer, effective immediately.

Srivatsan, who has served as an Advisor to Endpoint since January 2024 and as Interim CEO since January 2025, has already played a pivotal role in strengthening the company’s sales strategy, innovation roadmap, and overall growth trajectory.

“Sri has demonstrated exceptional leadership, strategic vision, and an unwavering commitment to Endpoint Clinical’s mission and stakeholders,” said Ray Hill, Chair of the Board of Directors and Operating Partner of Arsenal Capital Partners. “After a comprehensive evaluation, it became clear that he is the right leader to drive Endpoint’s next phase of expansion and technological advancement. We are confident in his ability to propel the company forward and create lasting impact for patients, clinical sites, sponsors and partners worldwide.”

As CEO, Srivatsan will focus on advancing Endpoint’s technology suite, expanding its market presence, scaling operations and delivering solutions that enhance and accelerate the clinical trial process.

“I am honored to lead Endpoint at this exciting time and deeply grateful for the trust placed in me by the Board and our outstanding team,” said Srivatsan. “Endpoint is at a pivotal moment in its journey, and I look forward to accelerating our mission of transforming clinical trial management with reliable, innovative, high-quality, and efficient RTSM solutions. Together, we will continue to push the boundaries of what’s possible in clinical research, delivering unmatched service and technology to our partners.”

Before serving as interim CEO, Srivatsan was Senior Vice President and Chief Digital Officer of Research & Development Solutions at IQVIA. He previously held executive roles as Chief Growth Officer at EXL and Venture Partner, Emerging Business Accelerator at Cognizant. With over 30 years of experience driving innovation in clinical trials across CROs, biopharma, and patient-focused solutions, Srivatsan is well-equipped to lead Endpoint Clinical toward its vision of becoming a market leader in the eClinical space.

Endpoint Clinical

Endpoint Clinical is a trusted clinical trial technology and service partner that delivers reliable RTSM solutions. Endpoint seamlessly integrates into clinical trial processes by providing anticipatory and adaptive solutions that proactively mitigate risks. With decades of experience in the field, Endpoint deeply understands the challenges manufacturers face in clinical trials. The company’s tech-forward approach, commitment to innovation, and strategic investments enable it to proactively develop fast and effective solutions, allowing manufacturers to focus on seamless clinical trials. Read more about Endpoint’s solutions at https://www.endpointclinical.com/solutions/.

Arsenal Capital Partners

Arsenal Capital Partners is a leading private equity investment firm specializing in building market-leading industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised over $10 billion in institutional equity investment funds, completed more than 300 platform and add-on acquisitions, and achieved more than 35 realizations. The firm partners with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For more information, visit www.arsenalcapital.com.

Media Contact:
Keelie Truell
ktruell@endpointclinical.com

Ellen Pavlovsky
epavlovsky@arsenalcapital.com

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SOURCE Endpoint Clinical

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Saab Q1 results 2025: Growing in a dynamic market reality

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STOCKHOLM, April 25, 2025 /PRNewswire/ — Saab presents the results for January-March 2025.

“We had a solid start to the year with sales growth across all business areas and delivered Saab’s strongest first quarter to date. Fully committed to contributing to the European defence build-up, we will continue to develop in line with our growth plans and capture market opportunities by focusing on customer deliveries and investing in capacity to meet the high demand,” says Micael Johansson, President and CEO, Saab.

Key highlights Q1 2025

Order intake for the first quarter increased to SEK 19,144m (18,495), driven by small and medium-sized orders.Sales in the quarter amounted to SEK 15,792m (14,185), which corresponded to an organic sales growth of 11% (24).EBITDA increased to SEK 2,140m (1,819) with an EBITDA margin improvement to 13.6% (12.8) in the quarter.EBIT increased 22% and amounted to SEK 1,454m (1,191), corresponding to an EBIT margin of 9.2% (8.4).Net income increased to SEK 1,277m (784) and earnings per share amounted to SEK 2.35 (1.43), an increase of 64%.Operational cash flow improved and amounted to SEK -14m (-1,998), driven by strong cash flow in Dynamics, offset by increased investments and timing of customer payments.Net liquidity position at the end of the period was SEK 2,196m compared to SEK 2,211m at year-end 2024.The AGM 2025 decided on a dividend of SEK 2.00 (1.60) per share for the financial year 2024.

Presentation of Saab’s Q1 2025 results 

Saab’s CEO and President Micael Johansson and CFO Anna Wijkander will present the results.

Date: Friday 25 April at 10.00 a.m. (CEST)

You are welcome to watch the live webcast or dial in to the conference call. It is possible to submit questions over the conference call and from the webcast page.

Live webcast: www.saab.com/investors/webcast/q1-2025 

Registration for conference call: www.saab.com/investors/conference-call-q1

The interim report, presentation material and webcast will be published on www.saab.com/investors.

Contacts:
Mattias Rådström
Head of Media Relations 
+46 (0)734 180 018
presscentre@saabgroup.com

Merton Kaplan
Head of Investor Relations
+46 (0)734 182 071
merton.kaplan@saabgroup.com

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 25 April 2025 at 07.30 (CEST).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/saab/r/saab-q1-results-2025–growing-in-a-dynamic-market-reality,c4140232

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SOURCE Saab

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ASSA ABLOY acquires Door System in Denmark

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STOCKHOLM, April 25, 2025 /PRNewswire/ — ASSA ABLOY has signed an agreement to acquire Door System, a Danish manufacturer of high-quality fire rated doors with particular expertise in the pharmaceutical, food and retail industries.

“I am very pleased to welcome Door System to ASSA ABLOY. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“I am delighted that Door System will join the EMEIA Division. Their strong expertise in high-quality fire rated doors aligns well to our door segment vision, providing exceptional combined fire-rated, freezer and hygienic door solutions across industries through focus on innovation and excellence. We welcome the team at Door System to the ASSA ABLOY family,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.

Door System was founded in 1998 and has some 80 employees. The main office and factory are located in Hørning, Denmark.  

Sales for 2024 amounted to about MDKK 125 (approx. MSEK 190) with a good EBIT margin. The acquisition will be accretive to EPS from the start.

The acquisition is subject to customary closing conditions and is expected to close during the second quarter of 2025.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com 

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-acquires-door-system-in-denmark,c4140231

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Supporting Data+AI Integration: Tencent Cloud Big Data-Data Lake Compute (DLC) Achieves 70% Cost Reduction

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SHENZHEN, China, April 25, 2025 /PRNewswire/ — Under the Data+AI convergence trend, Lakehouse represents the core evolution direction for big data platforms. Tencent Cloud Big Data-Data Lake Compute (DLC) is an open, unified cloud-native Serverless Lakehouse data warehousing and analytics service. It features cloud-native storage-compute separation, lake format governance, deep optimizations for Iceberg, unified metadata management, and machine learning training support, enabling enterprises to build agile Data+AI Lakehouse platforms. DLC has helped a leading Southeast Asian retail conglomerate reduce data platform and machine learning costs by 70%.

Core Challenges

Separated Resources: Big data and AI required isolated infrastructure investments with no resource sharing.Data Movement Overheads: Data silos between Data and AI systems caused latency and additional costs.

DLC Solution

Tencent Cloud’s one-stop intelligent platform WeData, powered by Data Lake Compute (DLC), delivers an integrated DataOps+MLOps platform solution enabling:

Seamless Experience: Unified development for both data analytics and ML workflowsCost Efficiency: 70% cost reduction through shared compute resources for Data+AI workloadsAI Innovation Acceleration: Rapid deployment of GenAI applications via unified data governance

Key Features

Unified Engine: Supports data engineering and ML training (Scikit-Learn, PyTorch, TensorFlow)Meson Engine: Proprietary high-performance engine delivering 2x faster processing than open-source SparkDynamic Resource Allocation: Flexible resource groups for data engineering, interactive analytics, and ML tasks

Business Value

DLC integrates data engineering, SQL analytics, and machine learning into a unified platform with industry-leading cost-effectiveness. The solution has already enabled a Southeast Asian retail leader to achieve 70% TCO reduction across data and ML infrastructure.

#Tencent Cloud Big Data #Data Lake Compute

View original content:https://www.prnewswire.com/apac/news-releases/supporting-dataai-integration-tencent-cloud-big-data-data-lake-compute-dlc-achieves-70-cost-reduction-302438142.html

SOURCE Tencent Cloud

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