Latest News
Nordic Capital to acquire a majority stake in Sensio, a leading provider of care technology
MALSCH, Germany, July 12, 2024 /PRNewswire/ — Nordic Capital has entered into an agreement to acquire a majority share in Sensio to further accelerate the company’s growth, international expansion and to continue enhancing its technology platform and products. Sensio is a leading provider of technology for social care and the investment is made in close partnership with the Company’s management. The previous majority owner since 2018, Longship, will invest alongside Nordic Capital as a significant minority owner.
Sensio is a leading provider in smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for citizens, patients, care personnel and society at large. Today’s societal challenge of an aging population driving an increasing need of care, makes Sensio technology particularly important today and in the future. Sensio is headquartered in Norway and provides its solutions to several hundred care providers and operators across Norway, Sweden, Denmark, and the UK, supporting care for circa 70 000 care recipients through its technology platform.
Since 2014, the company has dedicated itself to providing innovative solutions to care homes and home care providers. The company’s flagship offering, includes leading products such as the Sensio 365 software platform, the integrated Sensio Care wireless nurse call platform and RoomMate, a multisensory monitor for detecting and preventing falls. The platform improves quality of care, including significant reductions in fall incidents, while also generating operational efficiencies that frees up more time for care and reduces costs of care meaningfully for society. Sensio employs circa 200 dedicated individuals and has grown rapidly during the last couple of years on the back of increased implementation of its solutions in the Nordics and UK.
“We are on a mission to help transform the care sector and enable a new way of working through the use of our technology. Partnering with Nordic Capital for our next growth phase will enable us to strengthen our value proposition and extend our offering to more markets and people across Europe. We are equally delighted that Longship will continue to be part of our journey,” said Torbjørn Aamodt, CEO at Sensio.
“We are deeply impressed with the team at Sensio, the company, and the platform they’ve created over the past 10 years. Sensio’s combined solution of software and IoT devices can increase care quality, while freeing up significant resources and drive efficiencies within elderly care. Nordic Capital has strong sub-sector focus areas within healthcare technology and IoT, and is thrilled to offer, expertise, network and capital to fuel Sensio’s next growth phase,” said Erik Otto Nyborg, Managing Director, Nordic Capital Advisors.
“We are incredibly proud of the development in Sensio since our investment in 2018. Sensio’s innovative solutions are making a meaningful impact on the quality of care for the elderly and those in social care settings. We look forward to continuing this journey alongside Nordic Capital, the management team and all the skilled employees of the company, as it continues to expand and meet the growing demands of the healthcare sector,” said Kai Jordahl, Managing Partner, Longship.
The global market for elderly care is transitioning from analog to digital and smarter solutions like mobile-based and wireless nurse call systems and sensors based on AI technology. In many countries, this transition is driven by an aging population, increasing prevalence of dementia, an increased global shortage of care staff, and increasing digital maturity of the social care sector. In light of these trends, Sensio sees great potential for its solutions to support the healthcare system in the face of growing demands and needs.
As a leading tech and healthcare investor with three decades of experience in fostering growth and international expansion, Nordic Capital is primed to support Sensio into the future. Nordic Capital will leverage its sector and operational expertise together within its expert networks to facilitate Sensio’s continued growth. Sensio marks the tenth investment made by Nordic Capital Evolution since 2021. With a committed capital of EUR 1.2 billion, Nordic Capital Evolution targets investments in mid-market growth companies across Northern Europe, applying Nordic Capital’s proven sector model.
Through this transaction Longship will realise the investment from its Fund I and make a new investment from its latest Fund III. Longship will continue to apply their active ownership involvement and will in cooperation with Nordic Capital support the company in the next stage of Nordic and international expansion.
It has been agreed that the terms of the transaction shall not be disclosed. Completion of the transaction is expected in Q3 2024 and is subject to customary regulatory approvals and closing conditions.
Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
[email protected]
Longship
Kai Jordahl
Managing Partner
+47 909 82 271
[email protected]
Sensio
Torbjørn Aamodt
CEO
+47 92026727
[email protected]
About Sensio
Sensio is a leading provider of healthcare technology, solving today’s and tomorrow’s care challenges for the benefit of both residents, patients, relatives, healthcare personnel and society. The company offers pioneering software and products such as Sensio365 (IoT Health platform), RoomMate (digital supervision with passive fall notification) and Safemate (mobile safety alarms). Sensio is a Norwegian company that was founded in 2009 and today has several hundred care facility customers in Norway, Sweden, Denmark, Iceland and the UK. Sensio has 200 employees with a strong commitment to creating and implementing sustainable products and services that simplify the everyday life of healthcare personnel, to have #MoreTimeForCare for residents and patients. Sensio owns and develops the products Sensio365, Sensio Care, RoomMate, Safemate, IKOS, Smartvakt, Flexiblink and Vox. www.sensio.io
About Nordic Capital
Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Service & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 25 billion in over 145 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.
About Longship
Longship is a Norwegian private equity firm established by a group of experienced investment professionals in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market and are applying a transformational growth approach. Longship manages three funds with a total of approx. NOK 5.2 billion in committed capital. www.longship.no
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
|
Nordic Capital to acquire Sensio_press release_2024-07-12 |
|
|
https://news.cision.com/nordic-capital/i/4014294-0-jpeg,c3319368 |
4014294_0.jpeg |
|
https://news.cision.com/nordic-capital/i/4014294-1-jpeg,c3319369 |
4014294_1.jpeg |
|
https://news.cision.com/nordic-capital/i/4014294-2-jpeg,c3319370 |
4014294_2.jpeg |
|
https://news.cision.com/nordic-capital/i/erik-nyborg2-low-res,c3319371 |
Erik-Nyborg2 low res |
|
https://news.cision.com/nordic-capital/i/sensio-photo-morten-munthe-766-2,c3319372 |
Sensio Photo Morten Munthe 766-2 |
|
https://news.cision.com/nordic-capital/i/kai-jordahl-167553-web,c3319373 |
Kai Jordahl 167553 WEB |
|
https://news.cision.com/nordic-capital/i/torbjorn-ellingsen-aamodt-1-foto-ingar-sorensen,c3319374 |
Torbjørn Ellingsen Aamodt 1 foto Ingar Sørensen |
|
https://news.cision.com/nordic-capital/i/sensio-photo-morten-munthe-1081-2-enhanced-nr-edit,c3319375 |
Sensio Photo Morten Munthe 1081-2-Enhanced-NR-Edit |
View original content:https://www.prnewswire.co.uk/news-releases/nordic-capital-to-acquire-a-majority-stake-in-sensio-a-leading-provider-of-care-technology-302195597.html
HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.
Launch of Physical Cards
COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.
Wallet Growth Milestone
The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.
Transaction Volume Surge
In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.
Integration with Revolut
COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.
Award Recognition
COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.
New Strategic Partnerships
COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.
Welcoming Pavel Matveev
COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.
Season 2 Point System Launch
Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.
NFT Giveaway
In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.
For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.
Website: coca.xyz
COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.
Photo – https://mma.prnewswire.com/media/2477245/COCA_Q2_2024.jpg
Logo – https://mma.prnewswire.com/media/2338075/4848605/COCA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/coca-celebrates-q2-2024-with-record-breaking-milestones-and-new-launches-302216619.html
VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.
GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.
Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.
For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/stake-and-earn-with-kucoins-innovative-gempool-platform-302216471.html
Latest News
Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning
DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.
Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.
In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.
On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”
Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”
Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
Photo – https://mma.prnewswire.com/media/2475264/image.jpg
Logo – https://mma.prnewswire.com/media/2475420/Trust_Wallet_Core_Logo_Blue_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/trust-wallet-launches-gamified-education-platform-and-loyalty-program-to-enhance-and-reward-web3-learning-302215130.html
-
Fintech3 days agoFintech Pulse: Your Daily Industry Brief (24 September, 2024)
-
Fintech PR3 days agoG7 DFIs, MedAccess, EIB, and IFC Announce MoU for Surge Financing Initiative for Medical Countermeasures
-
Fintech PR3 days agoCitrosuco, ECCON, and Reservas Votorantim to Present Brazil’s First Carbon Credit Methodology for Agribusiness at Climate Week in New York
-
Fintech PR3 days agoGEAPP Leadership Council Backs Transformational Plan to Electrify Africa
-
Fintech PR3 days agoLET IT RAIN DIAMONDS: DAR GLOBAL AND MOUAWAD HIGH JEWELLERY HOUSE UNVEIL SAR 880 MILLION LANDMARK RESIDENTIAL PROJECT
-
Fintech PR2 days agoManaging Partner of ewpartners Reports on Unlocking the Investment Potential Between Global Markets and the Middle East
-
Fintech PR4 days ago14 Major Global Banks and Financial Institutions Express Their Support for Effort to Triple Nuclear Energy by 2050
-
Fintech PR3 days agoEnGeneIC Selects Global CDMO BioCina to Advance Their Ground-Breaking Cancer Treatment