TraceGains Closes Strong Q1, Doubling European Presence and Launching Industry-First AI Tech Amidst Recognition on 'FoodTech 500' List in Top Percentile
WESTMINSTER, Colo., April 15, 2025 /PRNewswire/ -- TraceGains, the leading provider of compliance, quality, and innovation solutions for the food and beverage (F&B) industry, today announced it has outperformed in Q1 across multiple areas including its leadership team, global presence, technology innovation and business performance. TraceGains' string of accomplishments includes: the appointment of Michelle Henry as Regional Sales Director to oversee growth in Germany, Austria, and Switzerland (DACH market), recognition as #31 on the global 2024 FoodTech 500 list, a new AI-powered Intelligent Document Processing (IDP) solution and record-breaking attendance at its annual Together conference.
Michelle joins TraceGains from Esko, a Veralto company and global provider of integrated software and hardware solutions that accelerate the go-to-market process of packaged consumer products. She previously held the role of Sales Manager for EMEA Brands. At TraceGains, she will focus on new hires in Europe, rapidly expanding regional sales coverage, and scaling European revenues for TraceGains and Esko's integrated source to shelf solution for unified product and packaging innovation.
'With the power of Veralto behind us, we are fast-tracking market expansion and growth to help global F&B brands manage today's supply chain challenges and regulatory nuances,' said Gary Iles, SVP of Marketing and Business Development at TraceGains. 'We're fortunate to have Michelle's leadership to accelerate our vision of helping food and beverage brands solve real-world challenges using the most advanced technology available such as AI and creating a source to shelf ecosystem that help brands remain agile amidst unforeseen economic challenges that may lie ahead.'
'Joining the TraceGains team is an amazing opportunity to build on the company's rapid growth in Europe as global F&B brands look for integrated, end-to-end solutions to improve the integrity and resilience of their global supply chains,' said Michelle Henry. 'Alongside the TraceGains team, I look forward to helping European F&B brands ensure product safety, regulatory compliance and sustainability while achieving their business goals.'
Following its largest ever annual Together conference drawing 3,200 registrants, the company unveiled Intelligent Document Processing – a vertically tailored AI-powered solution optimized for the industry built on OpenAI and enhanced with a proprietary knowledge layer derived from decades of contextual F&B data unique to TraceGains. The solution streamlines Certificate of Analysis (COA) processing, replacing manual 'stare and compare' methods to ensure a product's compliance in terms of quality, performance, and safety.
In March 2025, TraceGains was also recognized by ForwardFooding as #31 on the global 2024 FoodTech 500 list, which highlights companies that are acting as a force of good for creating a brighter future of food. With over 1,400 applicants from 50 countries, TraceGains ranks in the top 2% of candidates.
For more information, please visit tracegains.com.
About TraceGains
Founded in 2008, TraceGains has revolutionized the food and beverage industry with the first Source-to-Shelf networked ecosystem. By digitizing processes and insights using advanced Artificial Intelligence, TraceGains provides comprehensive solutions for compliance, nutritional calculation and labeling, new product development, environmental, social, and governance, and packaging in collaboration with Esko and other Veralto companies. Our clients capitalize on these tools to navigate the complexities of the global food and beverage industry, ensuring safer, compliant products reach customers faster and at reduced costs, thereby creating a competitive edge in their market launches.
Trusted by over 1,500 global clients, including more than half of the top 100 food and beverage manufacturers, the TraceGains network connects brands through a vast global ecosystem of 90,000 supplier locations and over 600,000 ingredients and products.
View original content to download multimedia: https://www.prnewswire.com/news-releases/tracegains-closes-strong-q1-doubling-european-presence-and-launching-industry-first-ai-tech-amidst-recognition-on-foodtech-500-list-in-top-percentile-302428609.html
SOURCE TraceGains
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
13 minutes ago
- Business Upturn
Liverpool in advanced talks to sign Parma's Giovanni Leoni immediately
By Ravi Kumar Jha Published on August 13, 2025, 19:11 IST Liverpool are pushing to secure the signing of highly-rated Italian defender Giovanni Leoni from Parma, with negotiations now at an advanced stage. According to transfer expert Fabrizio Romano, the Premier League club are working to complete the move immediately rather than waiting until the summer of 2026. The 18-year-old centre-back has emerged as one of Italy's brightest defensive prospects, attracting attention from several top European clubs. However, Liverpool have moved swiftly to bring him in as part of Arne Slot's squad for the remainder of the season, with no plans to loan him back to Italy. Sources indicate that Leoni has already given the green light to the move, expressing enthusiasm for joining Liverpool's long-term project. Club-to-club talks between Liverpool and Parma are ongoing, and optimism is growing that a deal could be finalized soon. Leoni's arrival would represent a significant investment in youth for Liverpool, who continue to blend emerging talent with established stars. With injuries affecting their defensive options this season, the acquisition of a versatile, composed young defender could provide both immediate depth and a long-term solution at the back. Arne Slot is understood to be keen on integrating Leoni straight into first-team training upon his arrival, offering the teenager a unique opportunity to develop alongside experienced players in one of the most competitive leagues in the world. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Business Wire
38 minutes ago
- Business Wire
StatLab Empowers Growth in Key European Countries through Direct Market Expansions in Germany and France
MCKINNEY, Texas--(BUSINESS WIRE)--StatLab Medical Products ('StatLab'), a leading global developer and manufacturer of medical diagnostic supplies and equipment, today announced the completed acquisitions of Germany-based histology service and distribution company Histoserve GmbH ('Histoserve') as well as Diapath France SAS ('Diapath France'). These moves mark a significant step forward in StatLab's European growth strategy, expanding its direct commercial presence to the top four European markets: France, Germany, Italy, and the UK, a milestone that positions StatLab among the few suppliers with fully direct access to Europe's largest pathology markets, enabling closer customer relationships and expanded access to StatLab's full product portfolio. This milestone positions StatLab among the few suppliers with direct access to Europe's largest pathology markets, enabling closer customer relationships and expanded access to StatLab's full product portfolio. Share Founded by Wolfgang Jakobi in 2010 near Hannover, Germany, Histoserve has evolved into a comprehensive solutions provider for pathology labs, providing reliable reagents, innovative instrumentation through Diapath, and best-in-class post-sales support. Diapath made a strategic majority investment in Histoserve in 2021 to create a regional hub and direct market access in Germany. With deep equipment service expertise and strong customer ties, Histoserve will play a critical role in expanding market access to the entire StatLab portfolio in Europe's largest market. In parallel, StatLab acquired the remaining stake in Diapath France—a joint venture formed in 2023 between Diapath and Jacques Hannaby to serve the direct laboratory market in France. These additions strengthen StatLab's direct footprint and future scalability in France and Germany while complementing its already established presence in the UK and Italy, and provide the platform to create an industry leader across the four largest European markets and beyond. 'We're thrilled to officially welcome Histoserve and Diapath France into the StatLab family,' said Alberto Battistel, Managing Director of Diapath. 'Although we've collaborated with Wolfgang and Jacques for several years, fully integrating their businesses into our European strategic plan will further strengthen customer relationships and fuel additional growth.' 'The evolution of the StatLab organization has been exciting to witness, and we're proud to now be a full part of their differentiated solution as a result of the completed acquisition,' said Wolfgang Jakobi, founder of Histoserve. 'Our customers will gain access to a broader product portfolio, and together we'll deliver a more unified customer experience, supporting growth with direct labs across Germany and Northern Europe.' About StatLab Medical Products StatLab Medical Products has been dedicated to helping anatomic pathology laboratories provide the best possible patient care since 1976. We offer an extensive portfolio of self-manufactured consumables and equipment from nine manufacturing sites across the United States, United Kingdom, and Europe. Our global operational footprint powered by over 800 mission-driven colleagues delivers a dependable and resilient supply chain of high-quality products and solutions, and a customer-centric approach inspires us to deliver reliability, innovation, and quality in every interaction. About Histoserve Established in Celle, near Hannover, Germany, Histoserve GmbH has delivered decades of histology equipment service—including installation, maintenance, repair, and supply of new and refurbished instruments. With ISO 9001-certified support and a long-standing customer base across Germany and Northern Europe, the company now joins the StatLab family via Diapath to expand its direct-lab service and equipment portfolio.
Yahoo
38 minutes ago
- Yahoo
Utility E.ON sees first-half profit increase, confident on targets
European energy utility has reported a rise in adjusted profit for the first half of 2025 and reaffirmed its full-year adjusted earnings guidance. "Our massive investments and consistent operational execution remained key factors in our earnings growth in the first half of 2025," said Chief Financial Officer Nadia Jakobi. "Temporary volume effects in our network business further enhanced this positive performance. Given this, we are well-positioned to meet our guidance and continue providing sustainable, value-creating growth for our shareholders." For the six-month period, the Essen, Germany-based company posted an adjusted profit of €1.9 billion ($2.2 billion), up from €1.8 billion a year earlier. Excluding items, EBITDA rose to €5.5 billion, compared with €4.9 billion in the same period last year. Investments in the first half totalled €3.2 billion, up from €2.9 billion a year ago. Of this, €2.5 billion was directed to the company's network business, reflecting a focus on network expansion, new grid connections, and the modernization and digitization of infrastructure. For fiscal 2025, continues to expect adjusted income of €2.85 billion to €3.05 billion, corresponding to adjusted earnings per share of €1.09 to €1.17. Annual adjusted EBITDA is projected in the range of €9.6 billion to €9.8 billion. The company plans to invest a total of €43 billion between 2024 and 2028, with €35 billion earmarked for its network business. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
