Several Capital Region organizations receive Workforce Development awards

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New York Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak, Tuesday, March 24, 2020, in New York. Cuomo sounded his most dire warning yet about the coronavirus pandemic, saying the infection rate in New York is accelerating and the state could be as close as two weeks away from a crisis that projects 40,000 people in intensive care. (AP Photo/John Minchillo)

ALBANY, N.Y. (NEWS10) – Over 60 businesses, schools, and community-based organizations across the state were awarded nearly $9 million as part of New York’s Workforce Development Initiative.

“These awards will provide thousands of workers with the training and skills they need to Build Back Better,” Cuomo said.

The grants

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ETS Creates ETS Strategic Capital to Tap into New Growth Opportunities in Education

The new ETS unit will pursue strategic equity investments, growth partnerships, and mergers and acquisitions

PRINCETON, New Jersey, Sept. 16, 2020 /PRNewswire/ — ETS, the world’s largest nonprofit educational assessment and measurement organization, today announced the creation of ETS Strategic Capital, a new unit that will focus on growing the business and advancing its mission through strategic equity investments, growth partnerships, and mergers and acquisitions.

ETS STRATEGIC CAPITAL Investments • Partnerships • M&A

ETS Strategic Capital will broaden, expand and diversify ETS’s offering in assessment, learning and development for K-12, higher education, and corporations. With this mandate, ETS Strategic Capital is actively seeking transactions to establish a global portfolio of innovative education companies that will have both a positive financial and strategic impact.  

“We’ve reached a pivotal point in the ongoing evolution of education — there is a fundamental change in how educational services are delivered, how tools

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Robots Driving Forklifts Score Venture Capital, Create Jobs

(Bloomberg) — Silicon Valley investors are increasing bets on a Pittsburgh company that turns a venerable machine of the past century of industrialization — the forklift — into a driver of the e-commerce boom.

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Seegrid Corp., a maker of autonomous forklifts and robot-powered vehicles used to move materials around warehouses and factories, just closed on equity financing totaling $52 million from Menlo, California-based venture fund G2VP LLC and an undisclosed group of tech and robotics investors.

The deal, with UBS Group AG serving as an adviser, brought to $150 million the total amount of funding received by Seegrid, which has a valuation of more than $400 million.

The fresh round of financing during a pandemic underscores the rising demand to shore up supply chains increasingly dependent on warehouses and distribution hubs as consumer dabbling with online shopping turns more habitual. Seegrid expects to double revenue this year and

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Saga cuts 1,400 jobs, former owner to back 150 million stg capital raise

(Reuters) – UK-based over-50s holidays and insurance specialist Saga SAGA.L launched a 150 million pound ($194 million) capital raising on Thursday that will see former boss Roger De Haan return as non-executive chairman after the loss of 1,400 jobs.

De Haan, the son of Saga’s founder Sidney Isaac De Haan, was chief executive before Saga was sold in 2004 to private equity group Charterhouse and will backstop the new fundraising with up to 100 million pounds ($130 million) of his own money.

“The company I sold was doing brilliantly well. I don’t know what happened…but (it) had certainly lost its way,” De Haan said on a call with reporters.

In a statement hours after the results, Saga said it has completed the bookbuild process and raised gross proceeds of about 74.8 million pounds. Bookrunners have placed 623.3 million new shares at 12 pence a piece with some shareholders, De Haan

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Renovus Capital Partners Announces the Sale of Education Management Solutions to Collegis Education

WAYNE, Pa., Sept. 1, 2020 /PRNewswire/ — Renovus Capital Partners, a Philadelphia-area private equity firm focused on investing in the education and technology services sectors, announced the sale of Education Management Solutions (“EMS”) to  Collegis Education (“Collegis”).The acquisition brings together cutting-edge learning technology products and provides best-in-class technology solutions that help higher education and healthcare institutions thrive in today’s rapidly changing marketplace. Together, Collegis and EMS support complete technology ecosystems spanning all aspects of higher education.” data-reactid=”12″WAYNE, Pa., Sept. 1, 2020 /PRNewswire/ — Renovus Capital Partners, a Philadelphia-area private equity firm focused on investing in the education and technology services sectors, announced the sale of Education Management Solutions (“EMS”) to  Collegis Education (“Collegis”).The acquisition brings together cutting-edge learning technology products and provides best-in-class technology solutions that help higher education and healthcare institutions thrive in today’s rapidly changing marketplace. Together, Collegis and EMS support complete technology ecosystems

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Apna Jobs App For Poor Workers Used By Amazon, BigBasket Raises $8 Million from Greenoaks Capital, Rocketship VC

Apna, founded by Apple Inc. alumnus Nirmit Parikh, is a sort of LinkedIn for non-English-speaking.

Apna, an app startup that aims to connect millions of bottom-of-the-pyramid workers to employers amid the devastation of India’s lockdown, has raised $8 million from a clutch of investors. The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities, Apna said in a statement published on Tuesday. It also wants to grow across verticals such as accounting, customer service and nursing. Currently, Apna is in five cities.

The startup, founded by Apple Inc. alumnus Nirmit Parikh, is a sort of LinkedIn for non-English-speaking, poorer Indians. The app helps first-time internet users access job opportunities by entering their name, age, and skills to generate a virtual “business card” that’s shared with potential employers. Less than a year after its

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