Latest news with #NeilShah
Yahoo
6 days ago
- Business
- Yahoo
Mosaic Expands Platform to Serve Investment Banks, Announces Strategic Partnership with Evercore
NEW YORK, May 30, 2025 /CNW/ -- Mosaic, the leader in deal model automation for private equity, today announced its official expansion into the investment banking market. In collaboration with Evercore, a premier global independent investment bank, Mosaic will extend its platform to support investment banking modeling workflows across M&A and capital markets advisory. "Partnering with Evercore, one of the leaders in global M&A advisory, marks a major milestone for us," said Ian Gutwinski, Founder & CEO of Mosaic. "We see a significant opportunity to streamline high-volume modeling at the advisory firms that power the world's deal flow. Enhancing analytical capacity and standardization through automation will increase throughput without sacrificing quality – ultimately driving better client outcomes while improving work-life balance for young finance professionals." Evercore's Financial Sponsors Group, one of the most active advisors to private equity firms globally, will lead the initial rollout. Neil Shah, Senior Managing Director and Co-Head of Evercore's Financial Sponsors Group, said "Evercore's entrepreneurial DNA drives us to continuously re-evaluate the status quo. Our team, and many of our private equity clients, have been impressed by the Mosaic platform and think it represents an opportunity to streamline financial modelling, allowing our teams to focus on creative and compelling solutions for our clients. We look forward to working with the Mosaic team in shaping the future development of the platform across the firm." Mosaic is committed to collaborating closely with Evercore to refine and expand the platform beyond private equity buyout deals analysis, accelerating innovation across valuation, M&A, and broader investment banking use cases in the months ahead. About Investor Technology Group, Inc. (doing business as Mosaic): Investor Technology Group, Inc. is revolutionizing private equity and investment banking deals analysis through its pioneering digital deal modeling platform, Mosaic. Thousands of the world's best investors and advisors at leading firms like Evercore, Warburg Pincus, CVC, New Mountain Capital, Summit Partners, Bridgepoint, Ontario Teachers' Pension Plan, The Riverside Company, and many more leverage the Mosaic platform daily to efficiently screen a world of opportunity and identify the handful of investments worth executing. By combining our founding team's deep sector expertise with cutting-edge digital technologies – and the collective intelligence of our pioneering user base – we're building the future of private equity. To be a part of that future, visit and follow us on LinkedIn. Press Contact:Manasa GrandhiDirector of Operationsmanasa@ View original content to download multimedia: SOURCE Investor Technology Group, Inc. View original content to download multimedia: 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
Cision Canada
6 days ago
- Business
- Cision Canada
Mosaic Expands Platform to Serve Investment Banks, Announces Strategic Partnership with Evercore
NEW YORK, May 30, 2025 /CNW/ -- Mosaic, the leader in deal model automation for private equity, today announced its official expansion into the investment banking market. In collaboration with Evercore, a premier global independent investment bank, Mosaic will extend its platform to support investment banking modeling workflows across M&A and capital markets advisory. "Partnering with Evercore, one of the leaders in global M&A advisory, marks a major milestone for us," said Ian Gutwinski, Founder & CEO of Mosaic. "We see a significant opportunity to streamline high-volume modeling at the advisory firms that power the world's deal flow. Enhancing analytical capacity and standardization through automation will increase throughput without sacrificing quality – ultimately driving better client outcomes while improving work-life balance for young finance professionals." Evercore's Financial Sponsors Group, one of the most active advisors to private equity firms globally, will lead the initial rollout. Neil Shah, Senior Managing Director and Co-Head of Evercore's Financial Sponsors Group, said "Evercore's entrepreneurial DNA drives us to continuously re-evaluate the status quo. Our team, and many of our private equity clients, have been impressed by the Mosaic platform and think it represents an opportunity to streamline financial modelling, allowing our teams to focus on creative and compelling solutions for our clients. We look forward to working with the Mosaic team in shaping the future development of the platform across the firm." Mosaic is committed to collaborating closely with Evercore to refine and expand the platform beyond private equity buyout deals analysis, accelerating innovation across valuation, M&A, and broader investment banking use cases in the months ahead. About Investor Technology Group, Inc. (doing business as Mosaic): Investor Technology Group, Inc. is revolutionizing private equity and investment banking deals analysis through its pioneering digital deal modeling platform, Mosaic. Thousands of the world's best investors and advisors at leading firms like Evercore, Warburg Pincus, CVC, New Mountain Capital, Summit Partners, Bridgepoint, Ontario Teachers' Pension Plan, The Riverside Company, and many more leverage the Mosaic platform daily to efficiently screen a world of opportunity and identify the handful of investments worth executing. By combining our founding team's deep sector expertise with cutting-edge digital technologies – and the collective intelligence of our pioneering user base – we're building the future of private equity. To be a part of that future, visit and follow us on LinkedIn.
Scotsman
13-05-2025
- Business
- Scotsman
Shark bladeless fan launch: £250 TurboBlade takes on Dyson
The Shark bladeless fan | Shark This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement. Shark has launched a stylish new bladeless fan – and it's going head-to-head with Dyson by offering more coverage and a lower price tag. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Move over Dyson - a rival technology company has launched a new bladeless fan and it is cheekily £20 cheaper than its big rival. Shark, which already sells rival vacuum cleaners to Dyson's products, has launched its new Shark TurboBlade multi-directional cooling fan capable of cooling up to 20m away and covering 180 degrees. Priced at £250, the fan has ten different settings including a 'sleep mode' that allows you to run the fan overnight to keep your bedroom cool. It creates an 'air blanket', says the brand. Shark has clearly taken aim at Dyson in announcing the new product. Neil Shah, Chief Commercial Officer at SharkNinja, said:'We heard the everyday challenges consumers had with existing tower fans, such as noise and aesthetic, and knew immediately we had to deliver a better solution. 'TurboBlade delivers the next generation of cooling power and sets a new innovation standard for the fan category with endless customization options to fit all their cooling needs. We can't wait for our customers to experience this incredible fan. It's truly a beautifully designed modern product that looks incredible in the home and delivers amazing power without the noise.' It is not the first time Shark has moved into the world of fans. The Shark Flexblade desk fan is already on sale and has a misting action that helps to cool the immediate area. However, this is the first time Shark has taken aim at Dyson's popular bladeless tower fans, which are priced at £269.99. That price is a major discount on the usual price of over £350, which is significantly higher than that of the Shark option. Like the Shark, the Dyson is remote controlled and says it has 'jet engine technology' to provide power without the turbulence typically associated with bladeless fans. The Shark can cover 180 degrees while the Dyson is limited to 70 degree coverage, although higher priced Dyson options do add air purifying options and hot and cool settings to the bladeless fan. You can see the Shark fan here and the Dyson fan here. ❄️ Other bladeless fans to consider this summer If you're weighing up options beyond Shark and Dyson, there are plenty of other bladeless fans making waves. Brands like Duux are known for sleek, quiet air circulation, while Meaco fans regularly top bestseller lists for home cooling. You can also browse John Lewis or Currys to compare a wide range of bladeless fans and tower coolers across all budgets.
Time of India
05-05-2025
- Automotive
- Time of India
Tata Electronics taps chip giant NXP to bag orders for fab, OSAT
Tata Electronics is in discussions to onboard Dutch semiconductor major NXP Semiconductors as a customer for its upcoming fabrication plant in Gujarat and outsourced semiconductor assembly and test (OSAT) facility in Assam, multiple people aware of the development told ET. The proposed deal is expected to mirror Tata Electronics' collaboration with US-based Analog Devices Inc (ADI), under which the companies are exploring opportunities to manufacture ADI chips in India, one of the sources said. Tesla is also a likely customer for Tatas' semiconductor business, the people said. While companies like NXP have their own fabs, they tend to outsource some of their production, and that is where the Tata fab and OSAT could fit in, an industry insider told ET. 'They are evaluating which products can be mapped and produced out of the fab in India… Once the fab is up and running, then they will begin with a prototype,' this person said. 'They do a lot of analog chips and many of the industrial and security chips do not need the latest technology. There is also a case being made for supply chain resilience, which are all some of the reasons driving the dialogue with Tata Electronics.' This person noted that companies want to have an option not to be reliant solely on the likes of TSMC , a leading Taiwanese semiconductor contract manufacturing and design company. 'In the advanced node, there isn't much of an option, but in the mature nodes, companies like NXP would see a benefit in bringing in players like Tata Electronics,' he said. Queries sent to Tata Electronics and NXP Semiconductors remained unanswered as of press time Sunday. 'Tata Group has been working with NXP for years,' said Neil Shah, vice president-research at Counterpoint Research. 'It only makes sense for Tata Electronics to speak to multiple potential customers and build an India rolodex for their upcoming fab, and NXP is a good fit owing to their established play especially in automotive chips .' Tatas' fab in Dholera, with a 50,000 wafer starts per month capacity, is expected to be operational later this year. The facility will produce high-performance compute chips with 28 nm technology, besides power management chips for electric vehicles, telecom, defence, automotive, consumer electronics, display, and power electronics. Power management chips are high voltage, high current applications. Tata Semiconductor Assembly and Test (TSAT) in Morigaon, Assam, is developing indigenous advanced semiconductor packaging technologies including flip chip and integrated system in package technologies with a capacity of 48 million per day. The segments it will cater to include automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Tata Electronics had signed a memorandum of understanding (MoU) with ADI in September last year to explore contract manufacturing of the latter's products in India. NXP owns fabs in multiple locations. Its Nijmegen, Netherlands facility includes manufacturing, R&D, testing, technology enablement and support functions. As per its website, this is one of the largest chip manufacturing plants in Europe with over 565k wafers produced to date. NXP also owns and operates four wafer fabrication facilities in the US. The representative products of these fabs include microcontrollers (MCUs) and microprocessors (MPUs), power management devices, RF transceivers, amplifiers and sensors.
Iraqi News
31-01-2025
- Business
- Iraqi News
Samsung Electronics posts 129.85% jump in Q4 operating profit
Seoul – Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. The company is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate Asia's fourth-largest economy. The announcement comes after the world's largest memory-chip maker acknowledged in October it was facing a 'crisis' and that questions had arisen about its 'fundamental technological competitiveness and the future of the company'. Operating profit from the October to December period was 6.5 trillion won ($4.5 billion), up from 2.82 trillion won a year earlier, Samsung said in a regulatory filing. Sales rose 11.8 percent to 75.78 trillion won, while net income of 7.75 trillion won was up 22.2 percent from a year earlier. Net profit exceeded market expectations, according to the Yonhap News Agency, which cited its own financial data firm. But the company's Q4 operating profit was lower than that of the previous quarter, which stood at 9.18 trillion won. Samsung said Friday this was due to 'soft market conditions especially for IT products, and an increase in expenditures including R&D.' 'In the first quarter of 2025… overall earnings improvement may be limited due to weakness in the semiconductors business,' it said. US tech giant Nvidia, whose semiconductors power the AI industry, has been relying on SK hynix, Samsung's South Korean rival, as its main supplier of high-bandwidth memory (HBM) chips for its artificial intelligence graphics processing units (GPUs). Samsung has been seen as struggling to meet Nvidia's requirements. Its technology leadership 'in the semiconductor market has been eroded over the last few years', Gloria Tsuen, a Moody's Ratings vice president and senior credit officer, told AFP. 'The rapidly increasing demand for AI chips also heightens the technological difficulty in developing new, custom-made chips for customers in a timely manner,' she added. Neil Shah of Counterpoint Research said the company's 'conservative' moves to focus on costs relative to more challenging customer demands have been 'key factors for the headwinds'. 'Samsung lost first wave of semiconductor AI boom cycle to rivals SK hynix with HBM in AI servers and now is being challenged by Micron for DRAM in AI smartphones and PCs, especially in its own latest Galaxy S25 series flagships,' he said. But Bloomberg on Friday reported Samsung has obtained approval to supply a 'version of its fifth-generation high-bandwidth memory chips' to Nvidia, citing people familiar with the matter. – Blessing in disguise? – China's startup DeepSeek recently unveiled its R1 chatbot that has apparently shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by American companies. The Chinese startup has said it used less-advanced H800 chips — permitted for export to China until late 2023 — to power its large learning model. The news hammered tech firms Monday, with Nvidia collapsing almost 17 percent and wiping almost $600 billion from its market capitalisation — a record single-day loss for a publicly traded company. Tuesday saw a tech rebound, with Nvidia surging 8.8 percent, but DeepSeek's arrival has still raised questions about whether the vast sums invested in AI in the past few years have been overdone. 'While Samsung faces fundamental technology headwinds, DeepSeek's claims have challenged the fundamental economics and investments for ongoing AI waves,' Counterpoint's Shah said. 'This 'frugal innovation' could potentially slow down or stretch the hundreds of billions of dollars in AI infrastructure investments over the years,' he said. 'So, this could be a 'blessing in disguise' for Samsung, allowing them to take the time needed to perfect their solution or to lower costs,' he added. Shares in Samsung were down 2.42 percent in early trade in Seoul.
