Fintech PR
Routeware, Inc. Unites with RUBICONSmartCity and RUBICONPro, Solidifying its position as industry Category Leader
The agreement solidifies Routeware’s position as the category leader in technology for the waste collection industry and strengthens its ability to provide best-in-class solutions to its customers
PORTLAND, Ore., Aug. 28, 2024 /PRNewswire/ — Routeware, Inc., a leading provider of integrated technology solutions for the waste and recycling industry and Inc. 5000 company, today announced the acquisition of Wastech, Inc. the owner of the RUBICONSmartCity and RUBICONPro platforms. With this strategic acquisition, Routeware now offers best-in-class, purpose-built platforms for both waste haulers and municipalities, strengthening the Company’s position as the category leader in technology solutions for the waste collection industry.
“This combination is yet another important milestone in Routeware’s continued drive to transform the waste and recycling industry,” said Paul Rafalowski, CEO at Routeware. “This is an incredibly exciting time for us, as we welcome the customers, people, partnerships and technology associated with RUBICONSmartCity and RUBICONPro to the Routeware family. Our missions, what we do and the outcomes we’re driving for our customers could not be more aligned. This combination will be truly transformational for our industry.”
Routeware’s robust product offerings include the Company’s recently-launched Elements, which is specifically designed for waste collection operators. The addition of RUBICONSmartCity and RUBICONPro to the Routeware portfolio provides specially designed capabilities for municipalities and local governments with a full breadth of functionality of waste collection operations, street sweeping, and snow removal. By acquiring RUBICONSmartCity and RUBICONPro, Routeware offers its municipal customers the ability to reduce costs, improve their service offerings and improve overall safety. This acquisition further highlights Routeware’s commitment to investing in its product offerings to better serve its customers and to providing seamless continuity and support to nearly 1,500 municipal customers using these solutions.
“The alignment created by this transaction will be transformational to both Routeware and its expanding family of products, as well as for local governments and waste haulers who are in pursuit of operational excellence,” said Stephen Goldsmith, former Mayor of Indianapolis, Professor of Urban Policy at John F. Kennedy School of Government at Harvard University, and Director of Data-Smart City Solutions. “The data, technology and best practices available through these products are essential for efficient and effective waste and recycling collection.”
Routeware continues to leverage its over 20 years of industry experience to deliver exceptional outcomes for new and existing customers. Since partnering with K1 Investment Management in 2021, a firm specializing in high-growth enterprise software companies, Routeware has advanced its product development and expanded its market presence with strategic investments in product development and continued expansion of its customer implementation and support.
About Routeware:
Routeware is a leading provider of waste collection management systems and in-cab technology to smart cities and waste collection haulers. Routeware Elements simplifies and connects processes across collection, customer, revenue and disposal operations to improve performance and ease internal and external self-service. Routeware accelerates user learning, increases adoption and compliance, drives productivity, and engages residential and commercial customers to advance zero waste programs. Headquartered in Portland, Oregon, the company has offices and customers throughout the United States, the United Kingdom, and Canada. For more information, visit www.routeware.com.
About K1
K1 is one of the largest investors in small-cap enterprise software companies. Headquartered in Manhattan Beach, California, K1 partners with strong management teams of high-growth software businesses, utilizing operationally-focused growth strategies to rapidly scale portfolio companies. Dedicated to transforming industries and driving productivity, K1 has collaborated with over 240 enterprise software companies since inception.
K1’s exclusive focus, driven by its single team, single office, and single fund strategy, has resulted in realizations for many of its portfolio companies. Examples include Apttus (sold to Thoma Bravo), Buildium (sold to RealPage), Certent (sold to insightsoftware), Checkmarx (sold to Insight Partners and Hellman & Friedman), Clarizen (sold to Planview), FMG Suite (sold to Aurora Capital Partners), GoCanvas (sold to Nemetschek Group), Granicus (sold to Vista Equity Partners and Harvest Partners), Inthinc (sold to Orbcomm), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMedia), WorkForce Software (now owned by Insight Partners and Elliott Investment Management), and Zapproved (sold to Exterro).
For more information, visit k1.com and follow K1 Investment Management on LinkedIn.
Media Contact
Kim Schaefer
Warner Communications
[email protected]
702.326.6750
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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