Business

Barracuda was sold to another private equity firm – Blocks and Files

Barracuda was sold to another private equity firm – Blocks and Files

Mail backup and security provider Barracuda Networks has been sold by its private equity owner to another, giving a sign of the late-stage startup’s longevity after blocking an IPO. Barracuda was acquired for $1.6 billion in November 2017 by Thoma Bravo, a private equity investment firm. Thoma Bravo has now sold it to KKR for …

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The value of an MBA, according to a dean at the University of Washington’s Olin Business School

The value of an MBA, according to a dean at the University of Washington’s Olin Business School

WITH Sydney LakeAugust 18, 2022, 7:59 pm Signage for the Wharton School of the University of Pennsylvania stands outside the campus in San Francisco, California, as seen in February 2012. (Photo: David Paul Morris—Bloomberg/Getty Images) Business education at Ivy League institutions has been largely defined by in-person classes and strong networking, two elements that don’t …

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Kiski Township is proposing a zoning change to allow the business district along Route 56

Kiski Township is proposing a zoning change to allow the business district along Route 56

The Kiski Township Planning Commission and township supervisors will hold hearings in the next two weeks to amend zoning ordinances to create a business district along Route 56. The township is proposing to change the zoning of about 175 properties that line Route 56. Most are zoned agricultural or agricultural/residential. They would change to a …

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Krispy Kreme is reworking its US distribution model

Krispy Kreme is reworking its US distribution model

WINSTON-SALEM, NC. — In a conference call with securities analysts to discuss second-quarter financial results on Aug. 17, Michael J. Tattersfield, chairman and CEO of Krispy Kreme, Inc., acknowledged the ongoing transformation to the hub-and-spoke distribution model in the United States as well as difficulties with challenging exchange rates, as adjusted EDITDA for the company …

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Work with Fresenius Kabi and Medtronic

Work with Fresenius Kabi and Medtronic

The European Innovation Council (EIC), together with companies Fresenius Kabi andMedtronic, invite you to apply for a joint EIC Multi-Enterprise Day on November 14 and 15, 2022, in Frankfurt, Germany. This initiative aims to strengthen collaborative efforts with the two companies and create new connections and partnerships with EIC-funded innovators in the healthcare industry. Be …

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Poway man returns to grocery business after high school counseling career

Poway man returns to grocery business after high school counseling career

For Ernie Monk, life has come full circle. At age 78, the retired high school guidance counselor fills his mornings working at Ralphs at 4S Ranch, where he sweeps floors, brings carts from the parking lot to the store entrance and bags groceries. When he applied for the job last October, Monk said he told …

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Money services firms penalized for failing to adopt strong anti-money laundering practices

Money services firms penalized for failing to adopt strong anti-money laundering practices

Two recent federal enforcement actions—announced on the same day—underscored the need for crypto companies to carefully review their anti-money laundering (AML) obligations or risk significant penalties. First, on August 8, 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) added Tornado Cash (Tornado) to the list of Specially Designated Nationals (SDN). Accordingly, Tornado generally …

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