Author: ltadmin

Posted on

JLL Aligns with HqO, an Industry Leader in Workplace Experience Technology

Tenant engagement strategies are key for return to office plans

CHICAGO, Dec. 14, 2021 (GLOBE NEWSWIRE) — Retaining, attracting, and building stronger relationships with tenants returning to the office will be critical for the long-term success of commercial office buildings. To further enhance tenant engagement and experience across its portfolio of managed buildings, JLL has aligned with HqO, an industry-leading workplace experience platform, to bring world-class workplace experiences to JLL clients both on-site and digitally.

JLL has made a strategic investment in HqO as the preferred service provider for workplace experience because of its commitment to delivering best-in-class technology and customer success. HqO’s product consists of an award-winning app, analytics suite, hybrid work tools, and a flex space management system.

The platform allows JLL’s Experience Management group, which combines best-in-class programming and service both digitally and physically, to streamline the workplace experiences delivered to tenants through an easy-to-use app and provide valuable data and feedback for landlords to make more informed decisions that drive greater tenant engagement.

“JLL has committed to being an industry leader in technology, which includes creating strategic alignments with firms like HqO,” said Jay Koster, President of Investor Services, JLL. “Through this strategic alignment, we have been able to work in lockstep with HqO to help customize the user experience to fit the evolving needs of the industry during this crucial inflection point.”

“In today’s market, experience and amenities have gone from niceties to necessities,” added Tom Larance, Head of Experience Management at JLL. “HqO will help us solve how technology can best serve our clients and office communities, today and in the future.”

HqO, a JLL Spark investment in 2018, has now secured a follow-on corporate investment from JLL, becoming one of the latest additions to JLL’s proptech ecosystem.

“JLL Spark has been a prominent investor in HqO since 2018 and we are excited to expand our relationship to solve the needs of JLL’s clients globally,” said Yishai Lerner, Co-CEO at JLL Technologies. “HqO is a must-have product for any landlord seeking to retain, attract and build stronger tenant relationships. Together, we will further drive technology innovation within the real estate sector.”

“JLL has been a leader in the industry by operating at the intersection of technology, property management, and experience strategy,” said Chase Garbarino, CEO and Co-Founder of HqO. “This aligns perfectly with how we at HqO serve our customers. As the preferred service provider for workplace experience, we are excited to deepen our relationship with JLL and deliver our joint clients a complete end-to-end workplace experience that truly revolutionizes the way people value the office.”

JLL’s 2,300 property management experts in the U.S. provide comprehensive real estate services in more than 1,200 buildings totaling more than 208 million square feet.

For more news, videos and research resources on JLL, please visit our newsroom.

About HqO

As the leader in workplace experience technology, HqO is revolutionizing how people connect with each other and the places they work — right from the palm of their hands. Composed of an award-winning app, analytics suite, hybrid work tools, and a flex space management system, the HqO Workplace Experience Platform empowers property teams and companies to create personalized experiences that engage and delight the people at their properties and inform data-driven decision making.

Active in over 200 million square feet of commercial real estate and across 24 countries, HqO helps build meaningful relationships with the people in the workplace every day. For more information, visit www.hqo.com.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. For further information, visit jll.com.

Connect with us:

https://www.linkedin.com/company/jll
https://twitter.com/jll?s=21
https://instagram.com/jll?utm_medium=copy_link
https://www.facebook.com/JLLUSA/

Contact: Kristen Murphy, JLL Senior Manager, Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com

Posted on

Feedzai Grows 125%, Hires new CRO, General Counsel, and brings in a new independent board member

  • 125% year-over-year ARR growth in Q3 with multiple new customers in North America, Europe, Latin America, and Asia.
  • New Chief Revenue Officer and General Counsel join the company.
  • Christian Smith, CRO at Splunk joins Feedzai as new independent board member.

LISBON, Portugal and SAN MATEO, Calif., Dec. 14, 2021 (GLOBE NEWSWIRE) — Feedzai, the leading RiskOps platform, today announced that has experienced a 125% year-over-year growth in new Annual Recurring Revenue (ARR) in Q3. Large multi-year enterprise deals closed in the US, EMEA, APAC, and LATAM with 100% year-to-date growth in new logos.

Feedzai recently announced the evolution of financial risk management, with the introduction of the world’s first RiskOps Platform in a single, comprehensive cloud-based platform to manage multiple forms of risk and compliance. Today, more than 20 percent of the world’s money flows through Feedzai while the company secures the bank accounts of 1 in every five people. In August 2021, Feedzai acquired Revelock and became the world’s largest Financial Intelligence Network (FIN), a vault of more than a trillion data points, sessions, and profiles of both good and bad actors.

“Feedzai keeps growing at a steady rate and we are winning the most important deals in this space. The partnerships we’re forging mean that we will be redefining the way companies operationalize risk in the years to come, with a long-lasting positive impact for hundreds of millions of people every day,” said Nuno Sebastiao, Co-founder, and CEO of Feedzai. “It was also time to step back and reevaluate not just the tools we use to fight fraud or money laundering, but the overall approach we take to developing risk management solutions. RiskOps is a unified theory that allows teams to move from reactionary, one-off point solutions to a comprehensive platform that removes the silos and adds real substance and meaning to their work.

As part of the growth, Feedzai has achieved several important milestones, including:

Business Performance and Geographic Expansion – Feedzai reports a 125% year-over-year growth in new Annual Recurring Revenue (ARR) in Q3 and a 100% year-to-date growth in new logos. Additionally, the company has expanded its global footprint with new multi-year deals in Malaysia, Germany, Spain, the US, and many other markets. Feedzai is now also protecting one of the biggest money transfer brands in the world, a major domestic debit and credit card brand in Brazil, one of the world’s largest Islamic banks, a leading P2P provider in Spain and Europe, among many others.

Leadership Strengthening – The company keeps attracting top talent to its C-suite and a new independent board member.

  • Christian Smith, Independent Board Member – joins Feedzai’s board of directors. With over 25 years of experience, Christian is currently the CRO of Splunk and has focused on executive sales and marketing leadership specializing in Cloud and Hybrid Go To Markets in companies such as Nintex and Oracle.
  • Elliott Limb, Chief Revenue Officer – a seasoned banking executive twice named as one of the Top 50 Most Influential Leaders in fintech globally. Former Chief Customer Officer at Mambu with leadership roles at Citibank, Finastra, and Barclays.
  • Patricia Marques Ferreira, General Counsel – with over 20 years of experience, Patricia was the Head of Legal at Outsystems and worked at PLMJ, one of the most innovative international law firms according to the Financial Times.
  • Pedro Barata, Chief Product Officer – After two years as SVP of Product and prior to that having assembled and led the Customer Success department, Pedro was appointed Chief Product Officer, where he leads product development and management to bring the most advanced financial crime-fighting technology to market.

Market category leader through innovation – Feedzai’s RiskOps platform has a fully extensible architecture that allows to instantly go from sandbox to production, human-centered AI with individualized risk assessment embedded across the entire system, and a collaborative analytics suite to further break down the silos between fraud, AML, compliance, and risk teams by putting all the data, tools and analytics in one single space.

Investment in research has been steadily increasing, with 100% patent submission growth in the last two years, more than 10 top tier scientific peer-reviewed papers since the beginning of the year, and multiple awards, such as 2021 Fast Company World Changing Idea (AI and Data category finalist) and 2021 Fintech Breakthrough Award.

Examples of innovations developed by Feedzai Research include a large-scale point-of-compromise detection algorithm, industry-leading AutoML algorithms, automatic detection of model degradations, automatic tuning of rules, human-understandable machine learning explanations, model fairness mitigation algorithms, alert suppression techniques, biometric identification of trojan attacks and more.

According to the latest Quarterly Financial Crime Report, which analysed consumer spending trends from more than 1.5 billion global transactions, consumers’ shift to digital banking has gotten stronger. The data reveals a continuous move to cashless transactions, with a 146% increase in P2P payments, a 44% decrease in cash transactions, and a 109% increase in online transactions, to nearly double the number of card-present or in-person transactions. With this focus on digital payments, financial criminals have also shifted their targets online.

Pictures can be downloaded here.

About Feedzai
Feedzai is the world’s first RiskOps platform, and the market leader in safeguarding global commerce with today’s most advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Feedzai is securing the transition to a cashless world while enabling digital trust in every transaction and payment type. The world’s largest banks, processors, and retailers trust Feedzai to protect trillions of dollars and manage risk while improving the customer experience for everyday users, without compromising privacy. Feedzai is a Series D company and has raised $282M to date with a current valuation of $1.5B. Its technology protects 800 million people in 190 countries. For more information, visit feedzai.com.

Press Contacts
Igor Carvalho
Head of Global Communications, Feedzai
igor.carvalho@feedzai.com

Posted on

Philips provides update on composition of its Supervisory Board

December 14, 2021

  • Herna Verhagen and Sanjay Poonen proposed as new members of Philips’ Supervisory Board
  • Paul Stoffels and Marc Harrison proposed for re–appointment as members of the Supervisory Board
  • Neelam Dhawan to retire from the Supervisory Board after third consecutive term

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that its Supervisory Board will propose the appointments of Mrs. Herna Verhagen and Mr. Sanjay Poonen as new members of the Supervisory Board at the Annual General Meeting of Shareholders (AGM), which will be held on May 10, 2022. Furthermore, Dr. Paul Stoffels and Dr. Marc Harrison, whose first terms expire in 2022, will be proposed for re-appointment as members of the Supervisory Board. Mrs. Neelam Dhawan, who joined Philips’ Supervisory Board in 2012, will retire from the Board after her third consecutive term, effective upon closing of the 2022 AGM.

“We are very pleased to nominate Mrs. Herna Verhagen and Mr. Sanjay Poonen as new members of Philips’ Supervisory Board, supporting the company to deliver on its purpose of improving people’s health and well-being through innovation,” said Feike Sijbesma, Chairman of the Supervisory Board of Royal Philips. “With her proven track record in driving a customer-first company culture and a background in e-commerce logistics, Mrs. Verhagen will bring valued and new perspectives to the Supervisory Board, while Mr. Poonen’s extensive experience in enterprise IT will further strengthen the Supervisory Board’s digital competencies.”

“We are also very pleased that Dr. Paul Stoffels, the current Vice Chair, and Dr. Marc Harrison remain available as members of the Board,” added Mr. Sijbesma. “Their expertise and experience in healthcare innovation is extremely valuable as Philips aims to support the transformation of healthcare with new health technology solutions along the health continuum.”

“On behalf of the Executive Committee and the Supervisory Board, I would like to express my deep gratitude to Neelam Dhawan for her long-term counsel and support since 2012,” said Frans van Houten, CEO of Royal Philips. “Her in-depth knowledge of the IT industry, including research, software engineering, and services has been indispensable during Philips’ transformation into a health technology leader. We look forward to continue to grow Philips, supported by a diverse and experienced Supervisory Board, aiming to support consumers to lead a healthy life and our healthcare customers achieve the Quadruple Aim of better health outcomes, improved patient and staff experiences, and lower cost of care.”

Mrs. Verhagen (Dutch, 1966) has been CEO and Chair of the Board of Management of PostNL since 2012. Under her leadership, PostNL executed a strategic transformation from a mail delivery company into a growing postal and e-commerce logistic solutions provider. Prior to her role as CEO, Mrs. Verhagen served as a member of the Management Board of PostNL, and was Managing Director Parcels and International PostNL.

Mr. Poonen (American, 1969) has held various executive leadership positions in the software industry, including most recently as Chief Operating Officer for cloud computing company VMware. In this role he was responsible for all business functions, including sales, services, support, marketing and alliances including strategic agreements with Amazon, Microsoft and Google. Prior to VMware, he was President at SAP, where he led analytics, data management and vertical industry solutions.

Subject to AGM approval, Mrs. Verhagen and Mr. Poonen will join a diverse and experienced Supervisory Board, consisting of members from Europe, North America and Asia with wide-ranging business experiences, including in the medical technology, healthcare, pharmaceuticals, IT, engineering and consumer goods industries. For more information about Philips’ Supervisory Board, please follow this link.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

Attachments

Posted on

Meiogenix Announces $13 Million Series A Financing Round Led by Sofinnova Partners

Co-investors include Genoa Ventures, Bpifrance, Casdin Capital and Alexandria Venture Investments

Paris, France, Dec. 14, 2021 (GLOBE NEWSWIRE) — Meiogenix, an agriculture biotech company using the process of Chromosome Editing to expand genetic diversity in food and agriculture, announced today the closing of a $13 million (€11 million) Series A financing round, led by Sofinnova Partners, with participation from Genoa Ventures, Bpifrance, Casdin Capital and Alexandria Venture Investments.

“We’re at an exciting stage of our development,” said Luc Mathis, CEO of Meiogenix. “The Series A funding will provide capital for our implementation in the United States and further product development. The caliber of our global investor syndicate reflects our international expansion strategy to pursue innovation in Europe and focus product development in North America.”

Meiogenix has developed an innovative approach to common problems in agriculture, addressing key global food and industrial challenges. Meiogenix is applying gene and chromosome editing technologies to accelerate nature’s generation of biodiversity through the mixing of parental genomes during plant reproduction. This helps expedite the lengthy process of plant varieties selection and also leads to increased biodiversity, lost during the systematic selection of crops for high yield and long shelf life. The ability to restore a plant’s immunity to pests and diseases, and improve quality, taste and flavor in many crops also has the potential to revolutionize the AgriFood Tech sector. Key benefits of the platform include more access to natural food products for customers and less chemicals required in growing food.

“This investment reflects our expanding interest in the application of biotech in agriculture,” said Michael Krel, Partner at Sofinnova Partners, and a key member of the Sofinnova Industrial Biotech Funds. “Meiogenix has the potential to revolutionize the way we enhance the natural properties of plants so that they are more resistant to viruses, better tasting, and produce higher yield. We are confident in this team’s ability to bring its groundbreaking science to significantly improve the safety and sustainability of our global food systems.”

The Meiogenix platform addresses the $50 billion commercial seed market and breeding capabilities of large and essential crops like corn, wheat, rice, soybeans and tomatoes.

“Our investment in Meiogenix is based on their unique approach to solving critical bottlenecks in food production for the commercial seed industry, a rapidly growing market expected to surpass $60 billion by 2025,” said Jenny Rooke, Ph.D., Founder and Managing Director of Genoa Ventures. “The agriculture industry is ripe for translating great innovations in life sciences to agricultural applications, and leaders in the space are investing heavily in the latest gene editing technologies to accelerate improved product development. Meiogenix’s relationships with innovative industry leaders like Bayer further demonstrate the enormous potential for the Meiogenix platform to usher in the next stage of progress for the agricultural industry.”

About Meiogenix
Meiogenix is a pioneer in chromosome editing, developing broadly applicable gene and chromosome editing capabilities that restore essential biodiversity to agriculture, enabling unity between natural ecosystems and our food production. Meiogenix has collaborations with Cornell and Bayer to help develop crops that improve our food supply while caring for our environment. For more information, see www.meiogenix.com or contact us at: info@meiogenix.com

This content was issued through the press release distribution service at Newswire.com.

Posted on

Fly to an incredible 2022 with VistaJet’s new Private World journeys

VistaJet’s Global 7500

Soar into 2022 on board the game-changing flagship jet

Conservation, relaxation and immersion to keep exploring the world throughout the year

London, December 14, 2021: VistaJet, the first and only global business aviation company, announces its new 2022 shortlist of inspired journeys, exclusive escapes and preferred partners around the world.

As privacy and safety continue to be vital for global travelers, the demand for private flights continues on an upward trajectory — VistaJet organized over 9,000 flights in Q3 2021, an increase of 35% against last year and up 19% on pre-pandemic figures. And as clients prefer to travel with more of their friends and extended families, passenger numbers are also registering a 23% surge.

VistaJet’s Private World

Kisawa, Mozambique

The changes in private travel habits do not stop here. VistaJet Members are requesting longer trips to reach destinations further afield across the globe, many of them choosing to embark on big adventures and far-flung expeditions — on a quest for new, thrilling and memorable moments. Recent incredible non-stop journeys include St Maarten to the Seychelles (14 hours 45 minutes flight time), Honolulu to Helsinki (13 hours 30 minutes flight time) and Liège to Jakarta (13 hours 30 minutes flight time). All made possible by VistaJet’s fleet of six brand new Global 7500 jets — with a range of 7,700 nautical miles, it is the largest, fastest and longest-range aircraft in business aviation, opening up a new world of long-haul private flying.

Continuing its partnership with a network of world-leading travel experts and properties, including PELORUS, Kisawa, EYOS, GUEST, Wilderness Safaris and Based On A True Story, VistaJet’s Private World grants its Members exclusive access with the simplest door-to-door service and a host of personal services to create unforgettable moments — the ultimate notion of private travel.

VistaJet’s Private World

Wilderness Safaris, Namibia

To inspire taking off for the most incredible life adventures in 2022, VistaJet’s collection of Private World recommendations include:

A family treasure hunt by submarine — the Bahamas
with PELORUS
Dive to the depths of the Great Bahama Bank — an idyllic area of the Caribbean more than 65 million years old, characterized by its stunning coral reefs and marine life. VistaJet Members can get up close and partake in conservation efforts, researching sharks, whales and other marine life as they explore aboard a submarine. Younger guests can race to find pirate treasures in this fun and educational adventure, offering an exclusive and never-before-seen experience that will appeal to all the family. An archipelago of nearly 700 beautiful islands, the Bahamas is an exotic location of palm-fringed white sandy beaches bordered by vibrant aquamarine water. Embark on a family-friendly odyssey aboard a classic sailing yacht, offering a mix of comfortable luxury and the chance to stay right in the heart of all the action.

Conservation and exploring the Altai — Mongolia
with Based On A True Story
Explore this extreme, nomadic and bewildering Mongolia, traveling through its wide expanses of untouched rolling hills, the striking Lake Khövsgöl and the Tsaatan reindeer herders. Discover the remarkable landscapes, spending nights with nomads sleeping in traditional ger tents, redesigned to include all the modern luxuries. VistaJet Members are welcomed to the majestic, glaciated Altai Mountains, home to the iconic Kazakh eagle hunters, getting to know their hosts, riding on horseback with them as they hunt, learning how the young birds are trained, watching games such as ‘kukhbar’, and getting an incredible first-hand insight into this vanishing way of life.
Next, they can work with local researchers and conservationists to track the rare and endangered Mongolian snow leopard — assisting field experts in setting up camera traps, tagging satellite tracking collars and learning how local communities and conservationists are working together to safeguard these precious cats.
Other highlights include traditional music with an impromptu ‘dombra’ concert by local musicians; a Naadam festival and Mongolian archery; climbing to the top of the Khongoryn Els dunes in the Gobi Desert; and a camel ride to the Flaming Cliffs of Bayanzag, the world’s largest dinosaur graveyard.

The land of superlatives — Greenland
with EYOS
The earth’s largest island is also the least densely populated country and contains the world’s largest and most northernly national park. The longest fjord in the world is East Greenland’s Scoresby Sund (Kangertittivaq), a dendritic labyrinth of wilderness over 200 miles long.
Close to ninety percent of Greenlanders are ethnically Inuit, which is the highest proportion by far in any of the Arctic countries.
VistaJet Members can embark on this incredible journey of discovery by expedition yacht, aboard the Nansen Explorer — experiencing every aspect of this vast wilderness. With Nansen’s helicopter capabilities guests can enjoy hours of skiing Greenland’s untracked slopes, her tenders and zodiacs allow for remote landings and remarkably close interactions with wildlife, while continuing to be respectful. Paddle boards and kayaks allow for silent immersion into an landscape punctuated by glaciers and natural floating sculptures of ice and snow.

VistaJet’s Private World

Based On A True Story, Mongolia

Reconnecting to nature through wellness — Bazaruto Archipelago, Mozambique
with Kisawa
Immerse into morning sunrise yoga and meditation on the sand dunes of Kisawa Sanctuary — a luxury island property nestled within 300 hectares of pristine coastal beachfront in Mozambique. A team of dedicated chefs will prepare breakfast under canopy, using fresh, organic produce from the Sanctuary’s wild permaculture garden, overlooking the inland Crocodile Lake. VistaJet Members can continue to enjoy a day of specialized wellness rituals, including a Japanese infra-red sauna and Ayurvedic massage at the dedicated Natural Wellness Center. To give thanks to nature, finish the day with beach “glamping” at Ponta Mustita, enjoying an open fire and lantern-lit shoreline.

A desert adventure — Namibia
with Wilderness Safaris
Explore extreme landscapes, accompanied by revered scientist and conservationist Dr Conrad Brain. VistaJet Members will start at the desert retreat, Little Kulala, enjoying nature walks and eco-sensitive quad biking through the famous Sossusvlei Desert, before taking in spectacular views over the sand dunes from a hot air balloon.
Next, guests will venture to Hoanib Skeleton Coast Camp where they will see an unexpected wealth of desert-adapted wildlife, including elephants and giraffes, as well as the Skeleton Coast — a UNESCO World Heritage site where the desert meets the sea, and home to Cape fur seals in their thousands, along with carnivores like the inscrutable brown hyaena. The last stop is Serra Cafema — set under towering trees along the Kunene River, it is one of the most remote camps in southern Africa, and highlights include respectful interaction with neighboring semi-nomadic Himba villagers, boating and guided explorations into the surrounding desert.

VistaJet’s Private World

PELORUS, the Bahamas

Cut your own album — Jamaica
with GUEST
There is a secluded yet delightful corner of a tropical Caribbean island, one with a unique energy and positive vibration that has given rise and nurtured some of the greatest musical artists of our times. VistaJet Members can dial into this musical powerhouse while transforming their creative dreams into the reality of their own album with local or internationally renowned producers and musical artists in support. Staying at Panorama, a contemporary villa set on a half-acre of landscaped gardens, guests enjoy a self-contained haven of modern global living while blending with the natural beauty of the island. A 360-degree view of the mountains, the Caribbean Sea and a surrounding palette of lush vegetation provide idyllic creative conditions with this Jamaican Eden as the ultimate backdrop.

VistaJet’s Private World continues to expand with more partners to more destinations around the world. For additional private travel inspiration, visit vistajet.com/privateworld.

– Ends –

Information
Jennifer Farquhar | VistaJet | press@vistajet.com

About VistaJet
VistaJet is the first and only global business aviation company. On its fleet of over 80 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere.
VistaJet is part of Vista Global Holding — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation.
More VistaJet information and news at vistajet.com

VistaJet Limited is a European air carrier that operates 9H registered aircraft under its Maltese Air Operator Certificate No. MT-17 and is incorporated in Malta under Company Number C 55231. VistaJet and its subsidiaries are not U.S. direct carriers. VistaJet-owned and U.S. registered aircraft are operated by properly licensed U.S. air carriers, including XOJET Aviation LLC.

For informational purposes only. All bookings are subject to terms and conditions. All travel is subject to applicable rules and regulations, including permits and permissions. VistaJet makes no representations or warrants regarding either the safety or feasibility of any offering.

Attachments

Posted on

Philips to further expand its image-guided therapy devices portfolio through acquisition of Vesper Medical

December 14, 2021

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has signed an agreement to acquire Vesper Medical Inc., a US-based medical technology company that develops minimally-invasive peripheral vascular devices. Vesper Medical will further expand Philips’ portfolio of diagnostic and therapeutic devices with an advanced venous stent portfolio for the treatment of deep venous disease. The transaction, which is subject to customary closing conditions, is expected to be completed in the first quarter of 2022. Financial details of the transaction were not disclosed.

Philips already has a leading peripheral vascular portfolio, consisting of: live 2D/3D interventional imaging combined with intravascular ultrasound (IVUS) catheters to provide the visualization and guidance essential for the optimal diagnosis and treatment; peripheral atherectomy devices to remove blockages; and peripheral therapy devices, including the Stellarex drug-coated balloon to treat lesions, and the Tack implantable dissection repair device that restores blood flow in small limb vessels, which Philips added to its offering through the acquisition of Intact Vascular in 2020. With this portfolio, Philips provides clinicians with a complete procedural solution for the treatment of peripheral artery disease (PAD).

Complementing Philips’ strong IVUS offering in venous imaging, Vesper Medical will add a venous stenting solution to address the root cause of chronic deep venous disease (DVD). The Vesper DUO Venous Stent System® consists of venous stents intended to treat deep venous obstruction. Uniquely engineered to address the multiple anatomical challenges of the deep venous system, it provides physicians with a modular portfolio to customize therapy, restore venous flow, and resolve the painful symptoms of deep venous disease for the broad range of patients suffering from chronic venous insufficiency.

“The acquisition of Vesper Medical is another step in our objective to innovate patient treatment with more sophisticated technology and expand our growth in the vascular therapy space,” said Chris Landon, Senior Vice President and General Manager Image Guided Therapy Devices at Philips. “Leveraging our significant procedural expertise, we see strong clinical synergies between Vesper Medical’s innovative stenting solution and our existing peripheral vascular offering. This combined offering will help to better support clinicians to decide, guide, treat and confirm during the procedure, thereby enhancing patient care.”

“I am proud that Philips will become the home for our innovations and our people, joining forces to shape the future of treating deep venous disease,” said Bruce Shook, President and CEO of Vesper Medical. “I look forward to further advance our next generation venous technology and bring it to patients and clinicians globally, together with Philips.”

Vesper Medical was founded in 2016 and is headquartered in Wayne, Pennsylvania, US. Upon completion of the transaction, Vesper Medical and approximately 20 of its employees will become part of Philips’ Image-Guided Therapy business.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

CAUTION: Investigational device. Limited by Federal (United States) law to investigational use.

Attachments