Digimarc and EVRYTHNG unite to build the world’s most powerful product identification engine with the industry’s most advanced product intelligence cloud platform
BEAVERTON, Ore., Nov. 15, 2021 /PRNewswire/ — Digimarc Corporation (NASDAQ: DMRC), creator of Digimarc watermarks that are driving the next generation of digital identification and detection-based solutions, announced today it entered into a definitive agreement to acquire the Product Cloud company EVRYTHNG Limited in a stock transaction.
“This acquisition allows us to provide a complete solution set to our customers,” explains Digimarc CEO Riley McCormack. “The best determinant of a technology product’s value is how much of the customer’s problem it can solve. By combining Digimarc’s unique and advanced means of identification with the pioneer and most advanced supplier of product item business intelligence using any means of identification, we are now uniquely positioned to unlock additional solutions for our customers and enhance their Digimarc journey.”
EVRYTHNG is the market leader and pioneered the Product Cloud category, linking every product item to its Active Digital Identity™ on the web and joining-up product data across the value chain for visibility, validation, real time intelligence, and connection with people.
From enabling more sustainable, more transparent, and more secure supply chains to empowering consumers to verify the authenticity of products and recyclability of their packaging, combining Digimarc’s unique means of identification with the EVRYTHNG Product Cloud® makes it possible to gather and apply traceability data from across the product lifecycle, unlocking end-to-end visibility and authenticity through item-level, real-time intelligence and analytics.
“Not only are our product solutions and technology competencies directly complementary and naturally connected,” explains EVRYTHNG CEO & Co-founder Niall Murphy, “but our company values and cultures are deeply aligned, with a focus on executing as a team, committing to audacious goals, and genuine innovation with exceptional talent. We’re excited to join the Digimarc team to meet important customer needs with product data driven solutions.”
The acquisition expands the geographic footprint for both companies. EVRYTHNG, based in London with offices in New York, Beijing, Minsk, and Lausanne is finding much success in North America. Conversely, Digimarc, based in the Portland, Oregon area, has a growing customer base across Europe.
We’re delighted to announce the appointment of Andy Green CBE as Senior Independent Director and Sue Prevezer QC as Non-Executive Director as we bolster our board of directors ahead of a potential public offering in the future.
Andy Green CBE spent 22 years at BT in leadership roles including as a board member, four years as CEO of Logica (a £4bn turnover business ahead of its acquisition by CGI in 2021) and five years as a NED at Arm (working with Bloc’s CEO, Bruce Beckloff and CCO, Michael Dimelow in the process). He’s held Chairman or NED roles at multiple global technology organisations and has in-depth experience working with public companies. Andy was awarded a CBE in the 2020 New Year’s Honours list for services to the Information Technology Sector and to the British Space Industry.
Sue Prevezer QC has over 25 years of experience arguing large complex commercial cases at every level of the UK judicial system and in arbitration, and has sat as a Deputy High Court Judge in the Chancery Division of the High Court. Until recently, Sue spent 12 years as the Co-Managing Partner of London office of Quinn Emmanuel Urquhart & Sullivan, where her clients included major corporates, funds, investors, trustees, office holders and high net worth individuals, for whom she managed complex, high value, domestic and international litigation. She is also a Non-Executive Director at S4 Capital and Trustee of the Hampstead Theatre and Chair of the Trustees of the Freud Museum. Sue now practices at Brick Court Chambers as a mediator and arbitrator.
Andy and Sue join a board of directors that includes Paul Roy (with over 40 years’ experience in asset management and banking), Stephen Catlin (with over 40 years’ experience in insurance) and Sam Wren (CEO of IPGL and former COO of NEX Group).
Bloc has recently been profiled by research organisation Edison Group as an ‘Expert-led play on early-stage deep tech’, shining a light on the company’s portfolio, investment strategy and key strengths. The Edison report commented on the strength of the management team and their operational experience. Adding Andy and Sue to the board further strengthens Bloc’s leadership team with industry experience. You can read the full report here.
To date, Bloc has raised £28m in balance sheet capital which has been invested into 11 companies across cloud, connectivity, data science and security companies throughout Europe. Each of these companies is fundamentally innovating in their underlying technology to create globally scalable products and solutions Bloc’s intention is to raise new capital in the next 12-18 months ahead of a potential public offering in 2023.
Bruce Beckloff, Co-Founder and CEO of Bloc said: “We are delighted to have Andy and Sue join the Bloc team. Their technology, legal and public company experience further strengthens the board as we work towards a public offering. We place great value in Bloc’s board of directors to not only bring tremendous experience and strategic direction but also their ability to connect our portfolio companies to their valuable network of global businesses”
Andy Green CBE, Senior Independent Director of Bloc, added: “Bloc represents a best-in-class early-stage investor in deep technology across communications and computing. Given my experience with both BT and Arm, this role represents an opportunity for me to add value to the company itself but also the portfolio companies it has invested in. I am very excited to be part of Bloc and am looking forward to the journey we’re about to go on.”
Sue Prevezer QC, Non-Executive Director of Bloc, added: “Building a publicly traded investment company is a challenging journey and takes a significant legal effort to execute correctly. In addition, working with early-stage technology companies adds an exciting dimension to the undertaking and one that I’m delighted to be involved in. Having worked closely with S4 Capital in recent years, I’ve witnessed first-hand the incredible speed that companies and technology can grow across global markets.
It’s vital for deep tech companies to find the right investors at the early stage. Bloc is one of a number of specialist deep tech investors active in the UK. This post sheds some light on some of the potential partners for startups to get in touch with.
Bloc Ventures, which raised £30m earlier this year, invests in “deep tech” start-ups, businesses working advanced technologies such as quantum computing and advanced semiconductors.
Bloc has hired Michael Dimelow, a former corporate executive at Arm, as its chief commercial officer, who will advise its portfolio companies.
Michael Dimelow, Bloc’s chief commercial, said: “Investing in deep tech businesses is hard to get right, it helps if you understand the journey that the founders are about to go on. Bloc understands that journey and brings a wealth of product, technology and business building expertise, combined with a permanent capital structure. A patient approach to venture investing is unique within the UK and Europe and enables Bloc to take a long-term view with the founders we back. Funding the next wave of technology innovation and helping to shape Bloc Ventures long term growth was an opportunity too good to be missed.”
It is understood Bloc is “gearing up” for a stock market listing that could present a rival to London listed Draper Esprit.
Bruce Beckloff, Bloc’s chief executive, said: “An initial public offering is one of several options. If you look at Draper Esprit, the market is wide open for a venture model. The most obvious [exit] would be an IPO.”
See full article here: https://www.telegraph.co.uk/technology/2020/12/07/michael-spencer-backed-bloc-ventures-eyes-float-bolsters-team/
London, UK –Bloc Ventures(Bloc), the venture capital company focused on early stage European deep technology investment, announces the appointment of Michael Dimelow as Chief Commercial Officer and Allan Bartlett as Senior Investment Analyst.
Michael is an experienced technology investor and corporate development executive. As co-founder of Accelerated Digital Ventures (ADV), he acted as its CIO, deploying over £85 million. During his tenure at ADV, Michael helped build a portfolio of over 30 companies which included B-secur, Push Dr, UIPath and deployed fund of fund investments in seven funds such as Entrepreneur First, IQ Capital and Seedcamp.
Before ADV, Michael spent 15 years in senior leadership positions developing two of the UK’s most progressive deep technology businesses; ARM Holdings and TTP Communications. During his career, Michael has led teams responsible for deploying in excess of $500m in deep technology businesses, through acquisition and minority investment positions.
Further, Bloc has also appointed Allan Bartlett as Senior Investment Analyst. Allan, whose 20-year career in the telecoms industry includes a recent stint at GSMA and 14 years in a number of senior roles at Vodafone,including in its corporate venture unit, brings a wealth of technology, project delivery and economics expertise that supports Bloc’s active approach.
Michael and Allan’s appointment follows Bloc’s successful equity raise in July which brought the total capital raised to just under £30 million. With further equity raises expected in 2021, they join to add further expertise and bandwidth to Bloc’s already successful operational model.
Bruce Beckloff, co-Founder and CEO of Bloc said:”We are delighted to have Michael and Allan join the Bloc team. Having worked with Michael for many years at ARM, his insight and sector expertise will prove invaluable as we continue to build deep technology companies of global scale. Allan’s significant industry knowledge and strong technical background will help us find the right companies to invest in at the right time. Having both of them on the team will add further depth and skills as we deploy our hands-on, active approach to working our portfolio companies. Their joining, and our most recent Series B round completion,underpins Bloc’s continued momentum and the confidence that we and our investors have in our growth plans.”
Michael Dimelow added: “Investing in deeptech businesses is hard to get right, it helps if you understand the journey that the founders are about to go on. Bloc understands that journey and brings a wealth of product, technology and business building expertise, combined with a permanent capital structure. A patient approach to venture investing is unique within the UK and Europe and enables Bloc to take a long-term view with the founders weback. Funding the next wave of technology innovation and helping to shape Bloc Ventures long term growth was an opportunity too good to be missed.”
Allan Bartlett added: “Bloc has a unique model of internally understanding the fundamental technologies in which they invest and the impact on business economics without the use of external consultants. I am thrilled to be joining Bloc Ventures and have the opportunity to drive forward the discovery of the best early stage companies as part of a great team. The strategy of focusing on technologies that reduce the marginal cost of businesses greatly reduces the investment risk while greatly enhancing the attractiveness of a start up to a potential customer. I look forward to being part of a thorough and rigorous approach to discovering opportunities that defy some of the most technically and commercially challenging spaces.”
For further enquiries:
Andrew Griffin (CFO) +44 20 3826 7100
Powerscourt Group (Public Relations)
James White + 44 (0) 7855 432 699
Jessica Hodgson +44 (0) 7561 424788
- Round was solely filled by existing shareholders
- Deal flow pipeline very robust and accelerating
- Funds will enable further follow on portfolio investments into the portfolio and opportunistic near-term additions
- Additional fund raising targeted in 2021
London, UK – Bloc Ventures (Bloc), the venture capital company focused on early stage European deep technology investment, has completed a £5 million equity raise that follows on from its Series B round of £15 million in January 2020.
This brings the total funds raised by Bloc in its Series B round to £20 million, with a total raised to date to just under £30 million.
Over 60% of Bloc existing shareholders participated in the extension including IPGL Limited, Michael Spencer’s investment company, Stuart Roden, and Bloc’s co-Founder and Chairman, Paul Roy and Bloc’s Chief Financial Officer, Andrew Griffin.
Bloc was founded by CEO Bruce Beckloff, CTO David Leftley, technology industry veterans from ARM and Vodafone respectively, to fill the gap in Europe for expert led funding of early-stage deep technology companies. Andrew Griffin, former managing director of European technology equity research for Bank of America Merrill Lynch, joined as CFO in early 2019.
Despite the disruptions to global businesses as a result of the Coronavirus pandemic, Bloc has maintained very robust deal flow pipeline, reflecting the inherent resilience and structural benefits of deep technology in sectors including high performance computing, wireless communications, networking infrastructure, and the Internet of Things . The extension will enable Bloc to complete additional near-term follow-on rounds and continue to scale its team to capture the European deep tech opportunity.
Commenting on this announcement, Bruce Beckloff, Co-Founder and CEO of Bloc said:
“The main driver for deep technology, irrespective of any crisis, remains the need for service providers to deliver more for less year-on-year. This is only possible through continual adoption of new technology. In this crisis, demand for compute and connectivity, which serve as the core target markets for Bloc’s investment strategy, has significantly increased with the demands of a remote workforce.”
Andrew Griffin, Chief Financial Officer, added: “Despite the broader slowdown in start-up funding due to coronavirus, the first half of 2020 was a record investment period for Bloc. We are in a great position to support our companies as they drive the technology that will meet infrastructure demands which COVID-19 has accelerated. We look forward to using these additional funds to further scale the next generation of European deep technology companies.”
Notes to Editors
About Bloc Ventures
Bloc Ventures is a permanent venture capital company providing expert-led funding of European deep technology. Bloc is passionate about supporting and growing the next generation of European technology businesses at the forefront of telecommunications and computing. It provides its shareholders with access to the exciting, high growth early-stage European deep-technology landscape using an approach that lowers the risk of crystallising returns.
The Bloc team has a tight complementary mix of technology, commercialisation and finance expertise borne out of extensive careers in the technology industry, including many years in corporate venture capital and M&A at Vodafone and ARM. They apply expertise via detailed due diligence pre-investment, and a hands-on collaborative approach with portfolio companies to scale them rapidly post-investment.
Bloc serves as the catalyst for its portfolio companies, moving them from early-stage to growth businesses and driving substantial value-creation. This positions Bloc as the preferred investor partner for tech businesses.
For further enquiries:
Andrew Griffin (CFO) +44 20 3826 7100
Powerscourt Group (Public Relations)
James White + 44 (0) 7855 432 699
Jessica Hodgson +44 (0) 7561 424788
THE GAME OF LIFE 2 gives the player more choices and more freedom, offering a contemporary spin on the original game. Now players can approach the game in different ways, with brand new life achievements to aim for and more ways to succeed than ever before!
Marmalade brought Hasbro’s family favourite, THE GAME OF LIFE, to mobile devices in 2016. Now 4 years later, the studio has created a brilliant, up-to-date sequel for a whole new generation of players!
See full article here: https://www.marmaladegamestudio.com/more-choices-freedom-await-in-the-game-of-life-2-out-now-on-mobile/
University of Southampton Spin-Out Unveils Breakthrough 5G Cellular Optimisation Technology Delivering Highest Throughput, Lowest Latency Forward Error Correction IP
AccelerComm, the company supercharging 5G with Optimisation and Latency Reduction IP, has been named in the EE Times Silicon 100 list of emerging electronics and semiconductor startups to watch. Now in its 20th edition, the list has this time expanded from the Silicon 60 to now list 100 companies from across Europe, North America and Asia Pacific. The full list is available to view here.
See full article here:https://www.accelercomm.com/news/ee-times-silicon-100-emerging-startups
Earlier this year, when we were still able to hold physical events (remember those!) we hosted an Investment Dinner in London to introduce some of our Scale-Up companies which are currently raising to a select number of investors.
As part of that event, I MC’d a fireside chat between a company founder – Gareth Williams from YellowDog – and their investor David Leftley from Bloc Ventures. It’s not an opportunity that comes along very often so I am indebted to them both for willingness to take part and in helping us to better understand the VC – founder relationship.
See full article here: https://www.setsquared.co.uk/its-like-a-marriage-exploring-the-investor-founder-relationship/
ZEETTA Networks Partners with STORDIS to Distribute their Innovative NetOS Network Management and 5G Solutions Worldwide
- Open Networking Expert STORDIS will partner with Zeetta Networks to deliver Zeetta Enterprise Network Management Software
- Zeetta Enterprise, powered by Zeetta NetOS, simplifies the operation of complex multi-vendor, multi-technology networks
- Zeetta simplifies the deployment and management of 5G technologymaking Private Cellular Networks accessible for the Enterprise and Local Government
See full article here: https://zeetta.com/company-overview/news-and-events/