Weave, a developer of patient communications software focused on the dental and optometry market, was the first Utah-headquartered company to graduate from Y Combinator in 2014. Now, it's poised to enter a small but growing class startups in the'Silicon Slopes' to garner'unicorn' status. The business announced a $70 million Series D last week at a valuation of $970 million. Tiger Global Management led the round, with participation from existing backers Catalyst Investors, Bessemer Venture Partners, Crosslink Capital, Pelion Venture Partners and LeadEdge Capital. The company was founded in 2011 and fully bootstrapped until enrolling in the Silicon Valley accelerator program five years ago.
However, I think there are two ways Boomerang's trips are different from normal retreats: One is the way we weave work and fun activities into each day; two is what kind of work we do on the trip. We cook breakfast together in the morning, hack on some new technology in the afternoon, discuss how to make our onboarding process better over happy-hour drinks and end the night with a dinner at a Michelin-starred restaurant. I think that's what's unique about our trips: They seamlessly move from fun to work to team-bonding.
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From button-down shirts to madras and seersucker clothing designs, Brooks Brothers has long been a fashion icon and innovator since its founding in New York City almost 200 years ago. Now a global brand with 500 locations in 23 countries, Brooks Brothers is still on top of leading-edge transformation, committed to deliver the best customer experience in a rapidly changing retail market. Bringing SAP SuccessFactors into Brooks Brothers was part of a broad global transformation to establish more effective and consistent onboarding approaches, allowing the iconic fashion brand to quickly acclimate new employees into localized teams. Justin Watras, Director of Talent, Management and Organizational Effectiveness at Brooks Brothers, recently shared the company's experiences with SAP SuccessFactors, spotlighting the decision to implement onboarding across its United States operations. "We have to be faster, more agile and customer-focused in response to how people are buying clothing," said Watras.
Believe it or not, ID theft is one of the most common fraudulent activities in the world today. In the year 2015, 13 million Americans lost a whopping USD 15 billion to fraudsters through the means of ID theft. Even though these losses were not targeted at financial services companies, the figures will get worse in the future. Simply put, fraudsters are targeting online debit and credit transactions on a day to day basis, making the fraud numbers go up drastically over a period of time. As BFSI companies are increasing their footprint in the world rapidly, they are under constant supervision by fraud monitoring organizations, since financial services companies often find themselves in the midst of various fraud scandals.