Mifid redux? Esma insists on LEIs for repo collateral

European regulators are turning to an old trick to boost the adoption of legal entity identifiers (LEIs) – a ‘barcode for finance’, designed to improve …
European regulators are turning to an old trick to boost the adoption of legal entity identifiers (LEIs) – a ‘barcode for finance’, designed to improve …

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Battery Ventures acquires NJ-based SaaS network provider 1WorldSync

Battery Ventures, a technology-focused investment firm, announced Thursday it has acquired 1WorldSync Holdings, a Ewing-based …

Battery Ventures, a technology-focused investment firm, announced Thursday it has acquired 1WorldSync Holdings, a Ewing-based software-as-a-service network for brands to securely share critical product data.

1WorldSync Holdings was established as a joint venture between GS1 US and GS1 German GmbH. Prior to this deal, GS1 Germany purchased 1WorldSync GmbH from 1WorldSync Holdings. Terms of both deals were not disclosed.

“Since its inception, 1WorldSync has been a pioneer in the competitive product content marketplace by providing customers with solutions that grow cross-channel sales, drive efficient content syndication and enable compliance and product transparency,” 1WorldSync CEO Karin Borchert said. “We look forward to collaborating with Battery Ventures to build on those many successes and believe that this is an exciting time for the growth trajectory of the company.”

“We have been tracking 1WorldSync for many years and have been impressed with its trusted, longstanding reputation in the market,” Morad Elhafed, a Battery general partner, said. “We are excited by the future growth prospects of 1WorldSync’s platform and feel we can provide additional resources to help expand the network and develop new product capabilities, while pursuing complementary acquisitions.”

“We are confident that Battery Ventures is the right partner to help 1WorldSync more nimbly create solutions at the pace and speed that industry and consumers demand,” GS1 US CEO and President Bob Carpenter said. “Additionally, as a neutral, standards organization and unique identification company, GS1 US will be better positioned to solely focus on addressing the growing needs of our members and solution partner network to advance the adoption and use of GS1 Standards.”

“Customer and consumer expectations for rich content vary across Europe and the US,” GS1 Germany CEO Thomas Fell said. “This business separation allows us to further develop our market-specific knowledge and expertise and develop solutions that are specifically tailored to our growing markets.”

Needham & Co. acted as the financial advisor and Locke Lord acted as legal counsel to 1WorldSync. Cooley acted as legal counsel to Battery Ventures and DLA Piper acted as legal counsel to GS1 US and GS1 Germany GmbH.

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LA women sue Uber, saying it failed to warn them of sexual assaults by fake Uber drivers

Three Los Angeles County women who say they were sexually assaulted by predators who posed as Uber drivers filed a lawsuit against Uber …

“In 2017, we launched a national campaign to remind riders to make sure they get in the right car by checking the information, like the license plate and car make and model, shown in the app,” the company said in a statement. “These important reminders have been part of our safety tips, and our law enforcement team regularly discusses this issue with agencies across the country.”

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Lyft driver explains safety precautions to use when utilizing ride sharing apps

Lyft driver explains safety precautions to use when utilizing ride sharing … Angela Edwards has been a Lyft driver for 2 years, and spoke to 7News …

“Every passenger has a picture of a driver, their vehicle, their license plate,” Edwards said. “They can call us if they’re not quite sure, through the app. We ask them who they are, and most of the time they’ll ask us our name.”

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SD Times news digest: PyCharm 2019.1, Kong 1.1, and Amazon Glacier Deep Archive

The funding round was led by Index Ventures, and Andreessen Horowitz, Charles Rivers Ventures, GGV Capital, and World Innovation Lab …

PyCharm 2019.1 is now available. The latest release includes a keymap for Sublime Text, improved data class inheritance in Python, the ability to debug large collections, and more.

New features only available in the Professional Edition include direct Jupyter Notebook editing, improved HTML and CSS quick documentation, a new JavaScript debug console, and more.

Kong raises $43 million in funding and releases Kong 1.1

API provider Kong has raised $43 million in Series C funding. The funding round was led by Index Ventures, and Andreessen Horowitz, Charles Rivers Ventures, GGV Capital, and World Innovation Lab participated. The company will use the money to develop a service control platform that can intelligently broker information across many different services.

The company also released version 1.1 of its platform. Kong 1.1 offers increased resource efficiency, simplified management, a streamlined configuration process, and increased end-to-end automation.

Glacier Deep Archive for Amazon S3

Amazon has created a new method for storing important and infrequently accessed data in Amazon S3. Glacier Deep Archive is meant to provide “durable and secure long-term storage for large amounts of data.” According to Amazon, the data is stored across three different Availability Zones and can be retrieved in under 12 hours.

“You no longer need to deal with expensive and finicky tape drives, arrange for off-premises storage, or worry about migrating data to newer generations of media,” Amazon wrote in a post.

.inc TLD launches to deter cybersquatters

A new top-level domain (TLD) has been launched in an attempt to deter cybersquatting, which is the practice of buying up domains and then overselling them to companies who want them. The .inc domain can be used for anything business related.

An added benefit of the .inc TLD is that several companies will be offering benefits to those who register a .inc site. According to Intercap Registry, the operator of the .inc domain, registrants will get over $2,500 in benefits from companies such as WeWork, Square, Intuit, Google Ads, and Delta Air Lines.

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