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Blockchain Press Releases

Further Expansion of Business Area Technology & Services: Exyte intends to take over the pure media specialist Intega

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  • Exyte CEO Dr. Büchele: “With the acquisition of Intega, we are strengthening our vertical integration further.”
  • Intega covers the entire spectrum from engineering to project execution
  • Continued growth in target industries such as semiconductors, life sciences and pharmaceuticals

STUTTGART, Germany, Aug. 9, 2023 /PRNewswire/ — Exyte, a leading company in the design, engineering, and delivery of high-tech facilities, intends to acquire Intega GmbH, a specialist in high-purity media supply systems. Corresponding agreements were signed by Exyte and private investment company Nimbus, the current owner of Intega. Intega develops, plans, and implements high-purity media supply systems. The company’s systems provide gas, water, and other chemicals for semiconductor manufacturing facilities and other advanced technology production facilities. Based in Munich, Germany, Intega employs around 300 people. The company currently achieves a sales level of around 60 million euros. The transaction is subject to the necessary approvals by anti-trust authorities. Both parties have agreed not to disclose the purchase price.

 

Intega was founded in 1946 and is now active at seven locations in Germany, Austria, and Switzerland. Intega’s customers are international market and technology leaders from the semiconductor, automotive, chemical, and pharmaceutical industries. With the acquisition of Intega, Exyte advances its strategy of vertical integration. This foresees strengthening the business in the area of mission-critical equipment and installation services. Founded in 2021, Exyte’s business area Technology & Services (T&S) consists of companies that provide cleanroom technology, mission critical sub-systems and installation services. Intega perfectly complements Exyte’s existing portfolio.

Further growth of equipment and installation services

“With the acquisition of Intega, we are strengthening our vertical integration. Intega’s offerings and regional presence flawlessly complement our business area Technology & Services. This is the next strategic step in growing our competence in the area of critical sub-systems for advanced technology facilities, especially for the semiconductor industry. In addition, Intega will form the core of our European service activities. As a result, the combination of Exyte and Intega will create new growth drivers that will ultimately be advantageous for our clients,” says Exyte CEO Dr. Wolfgang Büchele.

“With Exyte, Intega is gaining a strategic owner who will accompany and promote our long-term development. Both companies, at different levels of the value chain, have been working together successfully for decades. Exyte is the perfect partner for Intega’s expansion in the DACH region and globally, its continued growth, and for the further strengthening and executing of its strategy. Both existing and new customers as well as our employees will benefit from the combined forces of Exyte and Intega,” says Paul Metten, CEO of Intega.

“Since our acquisition of Intega in 2018, we have strategically developed the company successfully and managed to realize a strong growth trajectory on a stand-alone basis, both in terms of revenue and profitability. During this time, Intega, together with Nimbus, has significantly expanded its market position through innovations and excellent customer orientation. We are convinced that Exyte is the perfect partner to realize the next growth phase,” emphasizes Henning Andresen, Managing Partner at Nimbus.

Acquisitions as part of the “Next Level” future agenda

Exyte is currently successfully pursuing its “Pathway to Ten”, the goal of achieving sales of ten billion euros by 2027. To this end, the company has defined the future agenda “Next Level”. Sales are expected to further increase in all business segments, including strategic acquisitions.

The agreement to acquire Intega is the third acquisition to strengthen Exyte’s Technology & Services business area, following the acquisition of the US companies Critical Process Systems Group (CPS) in 2021 and Airgard, Inc. last year. With these acquisitions, Exyte enlarged the portfolio of T&S by chemical and gas delivery systems as well as exhaust gas management, among others, for industries like semiconductors and life sciences.

In 2022 T&S almost doubled its sales with €775 million (2021: €427 million), which was around 10 percent of the group’s total sales. The strong growth path is also reflected in an order intake of 1.1 billion euros in 2022. In the mid-term, the business area Technology & Services is expected to continue its strong growth path organically and through further bolt-on acquisitions.

About Exyte

Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of turnkey solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2022, the company generated sales of €7.4 billion with around 9,000 employees worldwide. www.exyte.net

About Intega

Intega is a specialist in the development, manufacturing, installation, commissioning, and service of high purity media technologies. The company’s products include gas supply systems, chemical supply- and water systems that meet the high purity and safety critical requirements of their respective end markets. Intega serves primarily the semiconductor industry but is also active in the pharma industry and several high-tech markets. The company’s know-how of the semiconductor production process enables the diversification into the production of customized equipment for process tool makers (OEMs). Products in this segment comprise primarily customized gas line or cooling assemblies for application in process machines and gas boxes which control the distribution of gas/air into these machines.

Being run out of Munich, Germany, the company employs dedicated people across locations in Germany, Austria, and Switzerland. A significant number of employees is based permanently on selected customer sites (On Site). (Inter-)national OEM Business Development, developing strong On Sites, win & execute new Equipment & Installation projects and establish new fields of business for serving modern society are key pillars of its future. www.intega.com

About Nimbus

Nimbus is a private investment company that has been operating for over 20 years, with offices in the Netherlands (Zeist), Germany (Munich) and United Kingdom (Leeds). Since 1999, Nimbus has invested in over 100 mostly industrial companies that are at crossroads in their development requiring both capital and management support to reach the next stage in the development of the company. Nimbus has a practical attitude and a true hands-on approach to investing and employs a team of professionals that devote most of their time helping our current over 30 portfolio companies improve their business. www.nimbus.com 

Contacts
René Ziegler Vice President Corporate Communications and Investor Relations
& Investor Relations
+49 711 88044606
+49 172 5838786
[email protected] 
www.exyte.net

Photo – https://mma.prnewswire.com/media/2167203/Exyte_1.jpg
Photo – https://mma.prnewswire.com/media/2167204/Exyte_2.jpg
Logo – https://mma.prnewswire.com/media/2167202/Exyte_Logo.jpg

 

Products of Intega include predominantly gas supply systems, but also chemical supply and drain & water systems (copyright Intega)

 

Exyte Logo

 

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Blockchain

HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics

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HIPTHER, the leading organizer of premier Gaming and Technology conferences in Europe, is thrilled to announce its partnership with the Internet Native Organization (INO) for the special side event Fueling Business Growth with Community-Driven Workscheduled take place at the conclusion of the MARE BALTICUM Gaming & TECH Summit 2024 on June 5.

Innovation & Networking in Tallinn

The MARE BALTICUM Gaming & TECH Summit by HIPTHER is a pioneering event series for the Baltic and Nordic regions. Since its inception in 2018, it brings together industry leaders, visionaries, and innovators from iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, FashionTech, Virtual Reality, Mobility, Climate Change, and EdTech sectors.

This year, MARE BALTICUM takes place in cutting-edge Tallinn, where community-driven work has been transforming Estonia to a tech innovation hub.

The Internet Native Organization (INO) is a nonprofit organization born in the heart of Estonia’s digital society with the mission to construct accessible and legally compliant building blocks for advancing global adoption of Internet Native Organizations, guiding the digital era towards a more equitable and efficient future.

Fueling Business Growth with Community-Driven Work

INO partners with Intersect, a member-based organization that puts the community at the heart of their development strategy, and HIPTHER, for their first-ever local Cardano community meetup in Tallinn: “Fueling Business Growth with Community-Driven Work“.

HIPTHER’s Co-Founder and Head of Business, Zoltan Tuendik, will be joining as an expert speaker at the Panel “Community-led Growth”.

Zoltan will share valuable insights from his extensive experience as a community builder uniting the realms of iGaming, Technology, and Compliance through his multi-year activity as event organizer and show host trusted across industries.

​We invite all business leaders, entrepreneurs, academics, lawyers and community advocates to this event, where we will share the tools and knowledge to unlock the power of community-driven work and achieve exponential impact.

Are you curious about how community collaboration can supercharge your business?

Join us on June 5th, after the MARE BALTICUM Gaming & TECH Summit, at PwC Estonia for an exclusive meetup diving deep into the strategies and insights that drive real results!

The event will feature a presentation on the Introduction and Inner Workings of Intersect, followed by a thought-provoking panel discussion with diverse experts who will share their experiences and best practices for tapping into collective intelligence to fuel business growth. Attendees will gain valuable insights into creating a collaborative ecosystem that nurtures innovation and drives progress.

Fueling Business Growth with Community-Driven Work – AGENDA

  • ​6.00 PM: Opening
  • ​6:15 PM – 6:30 PM: “Intro & about INO” / Astra Tikas & Kaisa Keerd, Internet Native Organization.
  • ​6:30 PM – 6:45 PM: “Cardano and Intersect” / Tevo Saks, Cardano.
  • ​6:45 PM – 7:30 PM: Panel discussion: ” Community-led Growth” / INO, Zoltan Tuendik
  • ​7:30 PM – 7:40 PM: Closing Remarks and Next Steps. How can one be involved with Intersect? / Kaisa Keerd
  • ​7:40 PM – 9:00 PM: Networking + food & drinks 

Join us and Stay ahead of the curve:

Learn from industry experts about compliant and practical DAO applications. Network with pioneers from the Cardano community and Estonian DAO enthusiasts. Whether you’re new to DAOs or a seasoned pro, this event has something for everyone!

​Secure your spot today! FREE TICKETS with limited space

The post HIPTHER and INO Partner for Community-led Business Growth Event in the Baltics appeared first on HIPTHER Alerts.

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Blockchain Press Releases

Aperture Finance Secures Series A Funding at a $250M Fully Diluted Valuation to Build Intent-based Architecture for DeFi

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 $APTR native platform token set for release on May 31, 2024

MOUNTAIN VIEW, Calif., May 29, 2024 /PRNewswire/ — Aperture Finance, a decentralized finance (DeFi) platform pioneering AI-powered intents, has raised a Series A funding round, bringing the total across all rounds to $12 million and valuing the project at $250 million. The round was led by top-tier venture capital firms including Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors like Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC, and Double Peak. Previous rounds included participation from ParaFi Capital, Arrington Capital, Divergence, Blockchain Founders Fund, Laser Digital (Nomura Group), Skyland Ventures, Costanoa, Rarestone, Krypital Group, Big Brain Holdings, LD Capital, ViaBTC, Cipholio, Double Peak, Athena Ventures, Coinseeker, Artemis Capital, and AWS.

Aperture Finance is innovating the use of Intents, a novel approach designed to streamline complex DeFi operations. Unlike traditional transactional methods, Intents allow users to specify their desired outcomes, simplifying interactions with DeFi protocols and enhancing accessibility. This innovative system leverages Uniswap V3, enabling users to declare end goals, such as liquidity rebalancing at specific price points, with transactions executed only when these conditions are met. The platform is already live on 9 EVM-compatible chains, processing a transaction volume exceeding $2.7 billion with 280,000+ unique users and 15k+ daily active users.

“Intents architecture bridges the gap between sophisticated financial strategies and everyday DeFi users,” said Yonkuro, Head of Crypto at Skyland Ventures. “By enabling users to articulate their financial goals in natural language, Aperture is  making advanced DeFi tools accessible to a broader audience, from retail investors to institutional players.”

The platform’s decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by Aperture’s smart contracts. Initially launching with a centralized solver, the network has expanded to third-party solvers including Propeller Heads and Enso Finance with other solvers like Tokka Labs set to join in Q3 2024.

Aperture plans to further leverage its Large Language Model (LLM) interface that will convert user intents expressed in natural language into a domain-specific language (DSL) that can be codified on-chain. This feature aims to ensure clarity and precision in user instructions, further democratizing access to complex financial instruments.

“Aperture Finance is committed to reducing the learning curve in DeFi and providing more strategic options for our users,” said Peter Tan, Head of Product at Aperture Finance. “Our goal is to offer the same level of execution and pricing typically reserved for large institutions, making DeFi more inclusive and effective.”

The new funding will support the development of Aperture’s Intents infrastructure, expand its solver network, and enhance the user experience with the forthcoming LLM integration. This investment underscores the growing confidence in Aperture Finance’s potential to transform the DeFi landscape.

Following a successful airdrop campaign with participation from over 300,000 users, Aperture Finance will launch its $APTR token on Bybit on May 31, 2024.

About Aperture Finance
Aperture Finance is a pioneer in AI-powered intents to enhance the DeFi experience. Featuring an IntentsGPT interface and an AI-driven smart solver simulation, Aperture’s native solver network provides any DeFi user with institutional-grade intelligence. Combining the brightest minds in technology and finance, the founding team includes alumni from Amazon Web Services and Google, Stanford, Cornell, and UC Berkeley, and Citadel, JPMorgan Chase, and AIG. Aperture was a cohort member of Most Valuable Builder V by Binance Labs and participated in CoinMarketCap (CMC) Accelerator and HK Cyberport Incubation Programs.

Logo – https://mma.prnewswire.com/media/2424050/Aperture_Finance_Logo_Vertical_Logo_Logo.jpg

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Blockchain

Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’

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Ethereum’s co-founder argues for the crypto community’s authority to redefine “inflation” as the expansion of currency supply, challenging conventional economic definitions and tackling misinformation.

Vitalik Buterin, one of the creators of Ethereum, has emphasized that the crypto community has already staked its claim to redefine the term “inflation.”

Buterin’s remarks were prompted by a post from digital media outlet Axios, which humorously suggested that “inflation” now refers to high prices rather than the traditional concept of rising costs.

Although the Axios post was presented in a lighthearted manner, Community Notes (CN) clarified that the definition of inflation remains unchanged.

Buterin’s response, posted on Farcaster, contested Axios’ interpretation of inflation by asserting that the crypto community has already reshaped the meaning of the term.

“[…] we already decided that it now just means ‘increase in the total supply of a currency’.”

Buterin’s rebuttal garnered support from other users on Farcaster, including former Coinbase employee Binji.eth.

Traditionally, inflation refers to the general increase in the price level of goods and services, resulting in decreased purchasing power as currency value diminishes.

However, Buterin’s argument suggests a cultural shift in the definition of inflation, proposing that ongoing global inflation arises from an essentially unlimited increase in the total supply of currency.

Tech investor Lee Edwards criticized Axios’ initial post for perpetuating misconceptions rather than educating readers.

Buterin has recently been active on Farcaster, advocating for community-driven solutions and initiatives focused on preserving privacy and addressing exploitation issues.

While Buterin has not commented on the concerns surrounding Ethereum Foundation researchers Dankrad Feist and Justin Drake’s involvement with EigenLayer, their decision to become advisors at EigenLayer in exchange for significant compensation in EIGEN tokens has sparked debate within the crypto community.

While some members support the transparency of the disclosures, others have criticized the decision, suggesting that the substantial compensation could influence decision-making.

Source: cointelegraph.com

The post Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’ appeared first on HIPTHER Alerts.

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