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Material Bank Acquires Product Data Technology Company Amber Engine

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New York, NY, March 17, 2022 (GLOBE NEWSWIRE) — Material Bank, the world’s largest marketplace for searching, sampling, and specifying architecture, design, and construction materials, today announces the acquisition of Amber Engine, a revolutionary software development company with a mission to democratize the product information management (PIM) space. This acquisition will expand the services that Material Bank provides to its almost 500 brand partners, alleviating some of the design industry’s biggest pain points: the lack of standardized data, disorganization due to high SKU counts, and the overall complexity of configuring materials and products.

Much in the way that Material Bank has modernized and simplified searching and sampling for materials, Amber Engine will simplify the process of data management and complex datasets across the design industry, empowering brands with better data.

This announcement comes at an industry inflection point that is ripe for disruption and just as Amber Engine is releasing its latest version of its software, which focuses on simplicity, high usability, modern design, and rapid ROI. Amber Engine’s new next-gen PIM software was designed to serve the needs of companies ranging from small and midsize to very large. The software is built around workflows that streamline the delivery of product data from every source, allowing brands to scale more efficiently by easily preparing, optimizing, and sharing product data from one centralized place. Companies will no longer have to endure painstaking manual data management to execute multichannel e-commerce, resulting in faster time to market with data that is more accurate and better positioned for sales.

Material Bank’s Founder and CEO, Adam I. Sandow, is a visionary who has built a forward-thinking company committed to providing efficiencies in the design, architecture, and construction industries. To date, the company, listed as one of America’s Best Startup Employers, has raised total venture funding of $157 million. “Amber Engine offers best-in-class PIM technology, made even more powerful with its new next-gen PIM software,” said Sandow. “We look forward to investing in Amber Engine’s technology and expanding its capabilities globally. We believe that we can bring substantial efficiencies to Material Bank’s brand partners by helping them to be the first to easily transform and simplify the complex task of product data management.”

Founded by Jennifer Gilbert, Amber Engine was a member of the Rock Family of Companies, along with dozens of other innovative companies like Rocket Mortgage, Rock Ventures, and StockX. While the company is entering a new chapter with Material Bank, its commitment to “Every client. Every time. No exceptions. No excuses” remains in force. Amber Engine, based in Detroit, MI, a city the company has been committed to helping revitalize, will remain a distinct platform within Material Bank, continuing to operate independently and led by its current Managing Director, Shah Shafi.

“We couldn’t be more excited about this acquisition. Amber Engine is able to expand its mission to democratize PIM technology while simultaneously providing Material Bank new ways to more impactfully serve its customers,” said Gilbert. “I’m proud that Amber Engine will build upon its deep support of the small to medium brands and manufacturers who serve as the backbone of the e-commerce industry, while expanding its footprint in the City of Detroit.”

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About Material Bank

Material Bank is a marketplace for design professionals and brands in the architecture and design industry, providing the fastest and most powerful way to discover and sample materials. The revolutionary platform powers complex searches across hundreds of brands in seconds. Samples ordered by midnight (ET) are delivered in a single box by 10:30 AM the next day–always free for design professionals. With a rapidly growing community of members, Material Bank is the easiest way for brands to connect with thousands of vetted design professionals in the specification process.

About Amber Engine

Amber Engine is empowering brands to succeed in multichannel digital commerce through data innovation. The Detroit-based company helps brands more easily and profitably sell on popular online marketplaces and through brick-and-mortar retailers. The company is on a mission to democratize product information management (PIM).

Sarah Claypool
Novita Communications
sarah@novitapr.com
Abby Loggins
Novita Communications
abby@novitapr.com
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Source: benzinga.com

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Sen. Elizabeth Warren Questions Fidelity on Crypto 401(k) Product: What You Need to Know

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Sen. Elizabeth Warren (D-Massachusetts) is calling on Fidelity Investments to explain its decision to allow its investors to add Bitcoin BTC/USD to their 401(k) retirement accounts.

What Happened: Warren and Sen. Tina Smith (D-Minnesota) sent a letter to Fidelity CEO Abigail Johnson expressing concern about the company’s new Digital Assets Account, which allows investors to have a portion of their retirement savings allocated to Bitcoin through their 401(k) plan. The senators claim Fidelity ignored a U.S. Department of Labor warning to 401(k) plan fiduciaries to exercise “extreme care” when deciding to include cryptocurrency as an investment vehicle.

“Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,” the senators wrote, adding that “Bitcoin’s volatility is compounded by its susceptibility to the whims of just a handful of influencers. Elon Musk’s tweets alone have led to Bitcoin value fluctuations as high as 8%. The high concentration of Bitcoin ownership and mining exacerbates these volatility risks. One study estimates that just 10% of Bitcoin miners are responsible for processing 90% of Bitcoin transactions and that 1,000 individuals control 3 million Bitcoins – about 15% of the current Bitcoin supply.”

See Also: Biden And Trump Readying For 2024 Rematch, But Who Will Announce First?

What Else Happened: The senators also questioned if the company had a conflict of interest because it was involved in crypto mining.

“Despite a lack of demand for this option – only 2% of employers expressed interest in adding cryptocurrency to their 401(k) menu – Fidelity has decided to move full speed ahead with supporting Bitcoin investments,” they said.

The senators gave Fidelity until May 18 to answer questions regarding risks related to cryptocurrency and whether this offering posed a conflict of interest.

The Wall Street Journal reported Fidelity responded to the senators’ concerns via an emailed statement.

“As a Massachusetts-based company with a proven 75-plus-year history of doing what’s in the best interest of our customers, we look forward to continuing our respectful dialogue with policy makers to responsibly provide access with all appropriate consumer protections and educational guidance for plan sponsors as they consider offering this innovative product,” the company said. “Consistent with our ongoing dialogue with regulators and policy makers, we will respond directly.”

Photo by Gage Skidmore / Flickr Creative Commons

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Original Source: benzinga.com

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OgenaShield Pure Oxygen(R) HD Shampoo Now Available on Amazon

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SARASOTA, Fla., April 28, 2022 (GLOBE NEWSWIRE) — Ogena Solutions is pleased to announce that our OgenaShield Pure Oxygen(R) HD Shampoo is now listed for sale on Amazon.com (US only). View our listing.

About OgenaShield Pure Oxygen(R) HD Shampoo

Ogena Solutions Pure Oxygen(R) HD Shampoo is a 100% non-toxic, environmentally safe, and veterinarian-recommended way to clean and deodorize dogs, cats, horses and cattle. This rinse-free, fragrance-free animal shampoo converts to oxygen and water vapor, leaves absolutely no active residue and works gently to relieve the animal’s itchy and irritated skin. Besides being excellent for general shampooing Pure Oxygen(R) has been specifically formulated for use in Ogena’s ANIVAC animal bathing systems and when diluted 50/50 with water can also be used in products such as the Bissell Bark Bath for dogs and the eZall and other foaming bathing system for horses.

Product Testimonials

I’m impressed with this product. Works better than any oral meds or topical or other shampoos I’ve tried in 6 years for animals with skin problems! – Lynn C.

Cleared up my dog’s infection when antibiotics wouldn’t work. Highly recommend it. – Anonymous

Fostered cats for 15 years and recently came across a ringworm fungal strain that was resistant to miconazole topical, terbinafine oral and topical, itraconazole oral and everything else on the planet. This was THE only thing that got rid of it. Miracle product. – S.T.

About Ogena Solutions

Ogena Solutions is a One Health organization focused on safeguarding animals, people and the environment from pathogens and infectious diseases. We offer a Next Generation version of PCO air purifiers, foamers, topicals, application equipment, vacuum systems, and more. All of our products meet a high standard for safety, efficacy, and efficiency, as well as expert protocols for optimum results. Our team has extensive experience working on infection prevention and biosecurity in the veterinary, farm/agriculture, animal shelter and boarding kennel sectors, and we work closely with government agencies, public leaders, corporations and small business owners to implement best practices for the health and safety of their employees, customers and the general public.

For more information, please contact:
Chama Gomez
BD & Technical Support Mgr – U.S.
1-855-900-8822 ext. 227
cgomez@ogenasolutions.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70f25f1b-09e5-4cdc-a11c-397a94bff576

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Source: benzinga.com

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TierPoint Developing Next Generation Cloud Solutions

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ST. LOUIS, April 28, 2022 (GLOBE NEWSWIRE) — TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, today announced it is working with Dell Technologies to develop next generation cloud solutions on Dell APEX.

With cross-cloud/hybrid functionality, APEX solutions provide the agility and speed customers want, combined with the control, performance, security, and consistency they need – all packaged in the simplest way possible.

TierPoint Senior Vice President of Product Development Greg Ahlheim said: “To help fuel the growth and success of their organizations, more and more CIOs are embracing hybrid cloud solutions, allowing them to run each application in the type of cloud – private, multitenant, or public – where it performs best. In addition, today’s CIOs are increasingly seeking the flexibility of pay-as-you-go models for their cloud infrastructure. Dell addresses both of these needs through its APEX offerings, and we’re excited to work with them on developing solutions that combine their technology with the exceptional, cloud-agnostic guidance, service and support for which TierPoint is known.”

The first joint solution of the two companies will be a TierPoint Private Cloud powered by Dell APEX, with continuing collaboration on other APEX-powered solutions.


About TierPoint
Meeting clients where they are on their journey to IT transformation, TierPoint (tierpoint.com) is a leading provider of secure, connected data center and cloud solutions at the edge of the internet. The company has one of the largest customer bases in the industry, with thousands of clients ranging from the public to private sectors, from small businesses to Fortune 500 enterprises. TierPoint also has one of the largest and most geographically diversified footprints in the nation, with over 40 world-class data centers in 20 markets and 8 multitenant cloud pods, connected by a coast-to-coast network. Led by a proven management team, TierPoint’s highly experienced IT professionals offer a comprehensive solution portfolio of private, multitenant, managed hyperscale, and hybrid cloud, plus colocation, disaster recovery, security, and other managed IT services.

Contact: Pete Abel, 314-720-3129, Pete.Abel@tierpoint.com

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Original Post: benzinga.com

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