Tag: Acquisition

08
Oct
2020
Posted in technology

Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation and developer operations security (DevSecOps) are especially good complements to Progress’s existing technologies. He expressed optimism that the Progress’s larger scale in areas such as tech support and customer success, as well as its outsized investments in research and development, would further elevate Chef’s efforts.

Pressed for details on the cutbacks, Gupta declined to acknowledge or address any layoffs, saying he was limited in what he could say given Progress’s status as a public company. Based in Bedford, Mass., the company publicly traded on the Nasdaq. However, a spokesperson followed up with a statement from Gupta: “While not everyone from Chef is continuing with the go forward organization, it is our commitment is to treat everyone fairly and respectfully.”

Progress executive Sundar Subramanian will serve as general manager of the Chef business, he said in a post on the Chef blog this week. “I believe Progress can build on what

02
Oct
2020
Posted in technology

ABB Enhances Portfolio of High-Speed Industrial Robots With Codian Acquisition

Strategic buy builds on industry-leading food and beverage, pharmaceutical and logistics portfolio

ABB has acquired Codian Robotics B.V., a leading provider of delta robots, which are used primarily for high-precision pick and place applications. Codian Robotics’ offering includes a hygienic design line, ideal for hygiene-sensitive industries including food and beverage and pharmaceuticals. With the transaction, ABB is accelerating its engagement in the growing field of delta robots.

Codian Robotics is located in Ede, Netherlands and employs 20 people globally. The company will continue to serve its customers directly. The acquisition was signed and closed on October 1, 2020 and both parties agreed not to disclose any details regarding the purchase price.

“Our acquisition underscores our focus on breakthrough technology, helping our customers to fully realize the potential of automation and increase their flexibility in a rapidly changing business landscape,” said Sami Atiya, President of ABB Robotics & Discrete Automation. “Codian Robotics’ technologies and industry expertise are the perfect addition to our suite of food and beverage, pharmaceutical, service robotics and logistics solutions, while also supporting ABB’s machine-centric robotics offering.”

“Over the years, we have developed an extensive product portfolio. ABB’s impressive global presence and industry expertise will help us make our portfolio available globally. I am looking forward to working together to write the next chapter of our success story,” said Freek Hartman, Founder of Codian Robotics.

While today the majority of robots in the food and beverage industry are not designed for touching food, Codian Robotics’ portfolio includes a hygienic design that allows safe, open food processing.

“There is a strong need for pick and place robots that ensure high hygienic standards, accelerated by the COVID-19 pandemic. Our food and beverage, pharmaceutical and logistics customers are particularly interested in the potential of automation, enabling supply chains to continue to

30
Sep
2020
Posted in software

Bruker Announces Acquisition of Integrated Proteomics Pipeline (IP2) Software Platform for Large Cohort Translational Studies

IP2 Accelerates CCS-enabled 4D-Proteomics™ with GPU-based Scalable Search Engine

IP2 Adds ‘Run & Done’ Real-Time Capabilities to timsTOF® Proteomics Systems

Bruker Corporation (Nasdaq: BRKR) announces the recent acquisition of the Integrated Proteomics Pipeline (IP2) search engine and proteomics workflow software platform. IP2 was developed by Integrated Proteomics Applications Inc, a company founded by leading proteomics researcher Professor John Yates III, together with Drs. Robin Park and Tao Xu. Financial details of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005135/en/

Prof. John Yates III, The Scripps Research Institute (Photo: Business Wire)

This acquisition further enhances Bruker’s solutions for CCS-enabled 4D-Proteomics™ by adding fast, scalable and GPU-based search engine capabilities for faster data processing and full utilization of molecular collision cross sections (CCS). Benefits include greater data completeness and higher confidence in protein and PTM identification and quantification in unbiased ‘shot-gun’ proteomics. Bruker’s novel timsTOF mass spectrometry systems with >120 Hz duty cycle in PASEF mode are uniquely suitable for real-time search by GPU-enabled, parallel operations on multiple threads.

“Partnering with the IP2 team and the Yates Lab provides an excellent opportunity to enhance Bruker’s bioinformatics capabilities in support of 4D-Proteomics™,” said Dr. Rohan A. Thakur, Bruker’s Executive Vice President for Life Science Mass Spectrometry. “High-throughput proteomics requires unprecedented search engine performance, including the need for low false discovery rates with very large datasets. This will benefit the proteomics research and translational medical community. We are also pleased to announce the establishment of Bruker’s bioinformatics team focused on protein and data science based in San Diego, California, headed by Robin Park who joined Bruker as part of the IP2 asset acquisition. Robin will continue to work closely with the Yates Lab in his new role with Bruker, as well as with other