Alternative investment company, Whiskey & Wealth Club has its sights set on further success for 2020, targeting a 140% revenue increase to ‚¬24m. In only its third year of operating, its headcount is set to rise by 48%.
Last year was the companys most successful to date. Revenue hit ‚¬10m, while its headcount grew from 4 to 27, both highlighting the strength and opportunities with whiskey investment and its increasing appeal to investors. The company was also shortlisted for Young Company of the Year at the Growing Business Awards at the end of 2019.
Based in both Richmond and Dublin, Whiskey & Wealth Club, offers investors the opportunity to purchases casks of new make spirit direct from leading distilleries. The casks are then stored in a secure bonded warehouse for the ageing process, before it can be bottled, sold or aged for longer.
Originally founded to open up the rapidly growing Irish whiskey market to private investors, the company has now expanded its operations. Last year, Whiskey & Wealth Club launched into the Scotch whisky market, partnering with the historic Bladnoch Distillery, and has designs on entering new markets in the US and Japan.
Jay Bradley, founder at Whisky & Wealth Club, said: Were extremely pleased by our efforts over the past year, all the hard work from the team is very much paying off, with record revenues reported and our team seeing a significant growth in headcount.
What started as an idea over a glass of Irish whiskey has developed into the successful business Whiskey & Wealth Club is today. Whiskey is seeing its popularity continually grow on a global basis. Irish whiskey exports have grown 300% in the last decade, according to the Irish Food Board, Bord Bia.
Weve now laid the foundations of success to build on in the new year and the decade, which will provide further exciting opportunities for the whiskey industry for investors and distillers alike.
About Whiskey & Wealth Club
Whiskey & Wealth Club is an alternative investment company that connects individual investors with authentic and premium Irish and Scottish whiskey distilleries. The distilleries make casks of new spirit available to Whiskey & Wealth Club at a wholesale rate that Whiskey & Wealth Club then releases to private investors at a significantly discounted rate.
Federal Case Against Google Too Narrow, But a Start: Maryland Smith Expert
COLLEGE PARK, Md., Oct. 30, 2020 /PRNewswire/ — The Justice Department's antitrust suit targeting Google's search monopoly "is too narrow, if not the wrong target," says Research Professor Kislaya Prasad at the University of Maryland's Robert H. Smith School of Business. However, the case foreshadows broader pressure on big tech, he adds.
The DOJ alleges Google collects and uses billions of dollars from advertisements on its platform to pay for mobile-phone makers, carriers and browsers to maintain Google as their preset, default search engine. "However, the real issue is the range of businesses that Google is in while being a gatekeeper through control of Internet search," says Prasad, also academic director of Maryland Smith's Center for Global Business. For example, listings for hotel or flight bookings, which Google also offers, forces competitors to advertise to climb above their listings.
"Furthermore, the standard of U.S. antitrust law has been about harm to the consumer, not competition," Prasad says. "So, one would ask whether Google's monopoly power leads to higher prices for consumers. But consumers are not even paying for Google's search services."
Google's response to the DOJ suit, Prasad notes, "has been that 'for consumers, switching is easy, and competition is just a few clicks away and that actions against them would be to the consumers' detriment.'" In effect, he says, "the Google response is that such action would force substandard products on consumers."
A takeaway here, Prasad says, is that the DOJ case against Google reflects "U.S. antitrust law's 'appropriate standards of harm' have not kept up with the digital age, and that gatekeepers such as Google need more regulation – namely targeting the too many different businesses it's in that create the unfair advantage in its search engine monopoly."
Despite the narrowness, the present case does appear to foreshadow broader pressure on big tech, Prasad says. "Congress, via the House Subcommittee on Antitrust, issued a new report on digital markets as a perceivable call to action for the next Congress and administration to create and maintain robust competition in digital markets. Also, the EU appears to be putting together a 'hit list' of Internet companies to be subject to stricter regulation." (Prasad examines such further in the Center for Global Business' Global Pulse-series video "The EU's Big Target on Big Tech.")
Prasad says closer attention to regulation of "big tech" is just beginning, including with support from both sides of the aisle in Congress. "While the ultimate outcome [of the current DOJ case against Google] is unclear — whether a fine or divestment, what is clear is that governments are waking up to the task of finally regulating 'big tech.'"
Go to Smith Brain Trust for related content at http://www.rhsmith.umd.edu/faculty-research/smithbraintrust and follow on Twitter @SmithBrainTrust.
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.
Contact: Greg Muraski at [email protected].
SOURCE University of Maryland's Robert H. Smith School of Business
Cellusys launches SMS Verification to eradicate smishing and mobile fraud
DUBLIN and VANCOUVER, Canada, Oct. 30, 2020 /PRNewswire/ — Cellusys pioneers the use of Zero Trust security to help their 800 million mobile phone end users combat SMS phishing and fraud.
Cellusys, a leading telecom solutions provider, has partnered with internet security firm MetaCert to provide a world-first SMS security solution, using Zero Trust methodology to combat cyberattacks such as phishing, malware and financial fraud.
During the COVID-19 pandemic, SMS is being used by financial services companies and government institutions to contact people offering assistance and advice. Many mobile networks offer subscribers ineffective or no protection against fraudulent SMS messages. Advanced SMS firewalls are able to block many large-scale smishing attempts, however none are able to detect every new threat.
According to a study by Google and the University of Florida, URLs used in targeted phishing scams like the one carried out on Twitter, only need to be active for 7 minutes for criminals to achieve their objective.
Mobile operators claim their ability to identify and block an attack "within 24 hours," but Cellusys now provides a security system that works in real-time. With the new approach from Cellusys, every URL contained in an SMS message is checked against MetaCert's threat intelligence system and links categorized as "dangerous" are immediately blocked.
Uniquely, "unknown URLs" are similarly assumed to be dangerous. Carriers can either redirect customers to a warning page, provide a strong warning SMS, or block access to URLs that are not verified.
This approach to web access reduces the risk of a phishing-led cyberattack by more than 98% because consumers are able to make better informed choices about who to trust whenever they open an SMS message.
"Giving subscribers this kind of visibility increases their loyalty to the network, and is a very different kind of smishing solution." said Brendan Cleary, CEO Cellusys "Adding MetaCert's technology to our portfolio has generated a great deal of interest from networks, as an enhancement to the anti-fraud capabilities of our SMS Firewall."
The solution is currently in beta and expected to go live before the end of 2020. Live customer demos are available and being demonstrated across the world.
Cellusys has grown to become a Tier 1 telecom solutions provider, for signaling security, A2P monetization, roaming, analytics, and IoT. Cellusys systems serve over 800 million subscribers worldwide, and make mobile networks more secure, intelligent, and profitable.
MetaCert is the first company to enable a Zero Trust strategy for web access with browser-based security software for organizations that care about Internet security, and an API service for OEM partners.
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CerraCap Ventures Invests in Life Science AI Company rMark Bio, Inc.
COSTA MESA, Calif., Oct. 30, 2020 /PRNewswire/ — CerraCap Ventures announces its investment in rMark Bio, a leader in the application of AI to accelerate innovation, collaboration, and scientific discovery for the life sciences industry.
rMark Bio is at the intersection of technological enablement for better decision making and a consolidating need across life sciences companies for digital solutions to make faster decisions. Since 2016, rMark Bio has partnered to provide products & services to top 20 pharmaceutical companies globally. This strategic investment from CerraCap Ventures is poised to accelerate global expansion to become a major player in the space over the next few years.
"We are joining forces with rMark at the right time. Their solution is well designed for its end users, and the platform is experiencing major expansion. We are bullish about their revenue traction and large iconic client base," shared Ritesh Agarwal, Partner at CerraCap Ventures.
Focusing on the Pharmaceutical market, rMark takes a product-based approach to solve imperative challenges. As industry trends indicate, their capability to expand both vertically and horizontally makes them likely to maximize value for their customers.
Dasher Rattray, Lead Analyst at CerraCap Ventures, added, "Analytics tools built for life sciences companies have largely over-promised and underdelivered on actionable insights. rMark has taken a different approach that we believe will position them to be a massive winner in the space."
Jason Smith, Co-founder and CEO of rMark Bio, shared, "We are excited to work with CerraCap. Their expertise and network will help us continue to expand our global presence and meet our growing customer deliverables."
rMark Bio, Inc. was created to transform the life sciences industries by making artificial intelligence simple to adopt, easy to use and continuously transformative through a holistic approach incorporating strategy, technology and people power. rMark Bio provides services to the top 20 pharmaceutical companies globally and has partnered with industry-leading technology and healthcare organizations. Learn more about rMark Bio at www.rmarkbio.com.
CERRACAP VENTURES, Orange county, Calif., based early stage VC specializing in Security, Enterprise Analytics, Health-tech, and Fin-tech investments that predominantly focus on companies in B2B enterprise space. The firm empowers high growth innovative companies by bringing sales from Fortune 1000 Enterprises. They call this unique business model "Sales and Scale" to facilitate purchase orders by connecting portfolio investments with key decision makers.
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SOURCE CerraCap Ventures
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Cellusys launches SMS Verification to eradicate smishing and mobile fraud
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