Market Newsdesk

Virtus Total Return Fund Inc. Announces Commencement of Tender Offer

HARTFORD, Conn.–(BUSINESS WIRE)–Virtus Total Return Fund Inc. (NYSE: ZTR) (the “Fund”) today announced the commencement of a tender offer (“Tender Offer”) that will begin on January 7, 2025, and expire at 5 p.m. (Eastern) on February 6, 2025 (the “Expiration Date”), which will also be the pricing date, unless the Tender Offer is extended. The Tender Offer was previously announced as a conditional tender offer subject to certain factors that have been determined to have been met.

The Fund intends to acquire up to 10% of its outstanding shares in exchange for cash at a price equal to 98% of the Fund’s net asset value (net of expenses related to the Tender Offer) as of the close of regular trading on the Expiration Date. If more than 10% of the Fund’s then outstanding shares are tendered, the Fund intends to purchase shares from all tendering shareholders on a pro rata basis, based on the number of shares tendered by each shareholder.

The Tender Offer is being made on the terms and subject to the conditions set forth in the Fund’s Tender Offer statement and related Letter of Transmittal that have been filed with the Securities and Exchange Commission (“SEC”).

About the Fund

Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. is the investment adviser and Duff & Phelps Investment Management Co. and Newfleet Asset Management are the subadvisers to the Fund. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [email protected], or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their NAV. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the bottom of this press release.

The Tender Offer will only be made pursuant to a tender offer statement on Schedule TO containing an offer to purchase, a related letter of transmittal and other documents filed with the SEC as exhibits to the tender offer statement on Schedule TO (collectively, the “Tender Offer Materials”), with all such documents made available on the SEC’s website at sec.gov. The Fund will also make available to shareholders, without charge, the offer to purchase, the letter of transmittal, and other necessary documents related to the Tender Offer. Shareholders should read any Tender Offer Materials carefully and, in their entirety, when and if they become available, as well as any amendments or supplements thereto, as they would contain important information about the Tender Offer.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Fund.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250106615706/en/

For Further Information:

Shareholder Services

(866) 270-7788

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Professional Services Finance

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DoorDash and Ibotta Partner to Help Consumers Save on Everyday Purchases

DENVER–(BUSINESS WIRE)–
Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, and DoorDash (NASDAQ: DASH), the local commerce platform, today announced a multi-year strategic partnership to provide DoorDash customers with access to Ibotta’s industry-leading catalog of digital promotions. In joining the Ibotta Performance Network (IPN), DoorDash continues to create value for consumers with personalized promotions and coupons to further save on items in a range of categories including grocery, health and beauty, home improvement, alcohol, and more.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107582104/en/

For CPG brands, this new partnership creates an enhanced opportunity to reach consumers across DoorDash’s footprint of over 115,000 non-restaurant stores on its Marketplace in North America. As the leading promotions network in the U.S., the IPN helps brands maximize incremental return utilizing pay-per-sale efficiency and AI-driven optimization while delivering digital promotions at unprecedented scale.

“We are thrilled to enter into this partnership with DoorDash, expand the reach for our thousands of brand partners, and continue to advance our presence in the growing on-demand delivery space,” said Bryan Leach, founder and CEO of Ibotta. “DoorDash has long been an innovative leader in local commerce, and we are honored to be their provider of digital offers for grocery, beer, wine and spirits, and other general merchandise categories. This partnership is ​​especially impactful as brands continue looking to the IPN to reach new audiences, expand their market share, and drive incremental units.”

“We’re focused on meeting consumers’ expectations and helping them find more value on everyday purchases,” said Fuad Hannon, VP of New Verticals at DoorDash. “Our partnership with Ibotta brings an unmatched abundance of digital offers to consumers to help them save on groceries, essentials, gifts and more. This partnership enables CPG brands to meet consumers during timely and relevant points of purchase.”

Ibotta-provided offers are expected to be live across DoorDash’s Marketplace later this year.

About Ibotta (“I bought a…”)

Ibotta (NYSE: IBTA) is the leading provider of digital promotions for CPG brands, reaching over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over $2 billion through the IPN since 2012. Ibotta is headquartered in Denver, and has been listed as a top place to work by The Denver Post and Inc. Magazine.

About DoorDash

DoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 30 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is your door to more: the local commerce platform dedicated to enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107582104/en/

Ibotta

Corporate Communications

Hilary O’Byrne, [email protected]

KEYWORDS: Colorado United States North America

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Ibotta and DoorDash announce multi-year strategic partnership. (Graphic: Business Wire)

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Tandem Diabetes Care Enters Multi-Year Research Collaboration with UVA Center for Diabetes Technology for Development of Advanced Insulin Delivery Systems

SAN DIEGO–(BUSINESS WIRE)–
Tandem Diabetes Care, Inc. (Nasdaq: TNDM), a leading insulin delivery and diabetes technology company, today announced it has signed a multi-year collaboration agreement with the University of Virginia Center for Diabetes Technology (UVA) to advance research and development efforts on fully automated closed-loop insulin delivery systems.

The research collaboration will rely on the UVA Center for Diabetes Technology’s groundbreaking work to improve care for patients with diabetes through technology-based interventions, and its successes in translating advanced automated insulin delivery (AID) algorithms into medical devices used around the world, as well as Tandem’s market leading expertise in insulin delivery devices, algorithm implementation, and data management.

The collaboration will expand on Tandem’s ongoing research into the advancement of automated closed-loop insulin delivery technology, and will involve scientists, clinicians, and functional experts from both institutions. Results from this collaboration may lead to clinical research to accelerate approved uses for Tandem’s next-generation AID systems.

“Our past work with UVA, including research related to our automated insulin delivery systems as part of the International Diabetes Closed Loop trials, helped contribute to life-changing products for the diabetes community,” said John Sheridan, president and chief executive officer at Tandem. “We believe this research collaboration will continue on our joint history of delivering new innovations that can further improve the lives of people living with diabetes.”

“After more than 10 years working with the Tandem team, this is an exciting new beginning for our collaboration to serve patients with diabetes,” said Marc Breton, PhD, associate director for research at the UVA Center for Diabetes Technology. “Together, we will expand our research efforts into automated insulin delivery with the goal of once more substantially enhancing care and quality of life for patients around the world.”

Tandem will provide research funding, technology, and supplies to the University of Virginia during the agreement term for diabetes-centered research and potential clinical studies.

About Tandem Diabetes Care, Inc.

Tandem Diabetes Care, a global insulin delivery and diabetes technology company, manufactures and sells advanced automated insulin delivery systems that reduce the burden of diabetes management, while creating new possibilities for patients, their loved ones, and healthcare providers. The Company’s pump portfolio features the Tandem Mobi system and the t:slim X2 insulin pump, both of which feature Control-IQ advanced hybrid closed-loop technology. Tandem Diabetes Care is based in San Diego, California. For more information, visit tandemdiabetes.com.

Follow Tandem Diabetes Care on X @tandemdiabetes; use #tslimX2 #TandemMobi and #TandemDiabetes.

Follow Tandem Diabetes Care on Facebook at www.facebook.com/TandemDiabetes.

Follow Tandem Diabetes Care on LinkedIn at linkedin.com/company/tandemdiabetes.

Forward-looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things: (i) the multi-year collaboration agreement to advance research and development efforts on fully automated closed-loop systems; (ii) that the collaboration will expand upon Tandem’s ongoing research into advancing automated insulin delivery technology; (iii) that the results from this collaboration may lead to clinical research that accelerates approved uses for Tandem’s next-generation AID systems; (iv) that the collaboration will deliver new innovations that can further improve the lives and/or enhance the care of people living with diabetes; and (v) that Tandem will provide research funding, technology and supplies that will fund diabetes-centered research and potential clinical studies. These statements are subject to numerous risks and uncertainties associated with developing new products generally, including possible delays in the Company’s product development programs and/or clinical trials, possible future actions of the FDA or any other regulatory body or governmental authority, including the potential that the FDA may not agree with Tandem’s proposed pathway for regulatory approval; the potential that the collaboration agreement could be terminated; the potential that other products or technological breakthroughs for the treatment of diabetes could make Tandem’s products obsolete or less desirable. These and other risks are identified and described in greater detail under the “Risk Factors” heading of our most recent Annual Report on Form 10-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Actual results could differ materially from those anticipated or projected in the forward-looking statements. Tandem undertakes no obligation to update or review any forward-looking statement in this press release because of new information, future events, or other factors.

© 2025 All rights reserved. Tandem Diabetes Care, the Tandem logo, Control-IQ, Tandem Mobi and t:slim X2 are either registered trademarks or trademarks of Tandem Diabetes Care, Inc. in the United States and/or other countries. All third-party marks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107162995/en/

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KEYWORDS: California Virginia United States North America

INDUSTRY KEYWORDS: University Medical Supplies Biotechnology Education Diabetes Health Pharmaceutical Health Technology Medical Devices Research Science

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TD SYNNEX Opens Innovation Studio with IBM to Provide Collaborative AI Enablement for Partners

FREMONT, Calif. & CLEARWATER, Fla.–(BUSINESS WIRE)–
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator, today announced the grand opening of their new North American Innovation Studio in partnership with IBM. The studio is a strategic component of TD SYNNEX’s Destination AI™ initiative alongside its IBM watsonx Gold 100 program, and now provides a dedicated physical space along with IBM trained, technical experts for TD SYNNEX partners to leverage throughout their AI adoption and monetization journey.

The Innovation Studio is a dynamic space that supports digital and business transformation by connecting TD SYNNEX partners with advancing technologies like AI, data, automation and hybrid cloud in a hands-on environment. With a dedicated space for partners to explore and demo IBM solutions, such as watsonx, with their customers, TD SYNNEX simplifies access to new technologies and provides comprehensive support pre- and post-sale.

“The Innovation Studio is a powerful resource that empowers our partners to tackle the complexities of today’s technology landscape,” said Mark Martin, VP of Global Data & AI at TD SYNNEX. “By fostering a collaborative environment, the studio enhances partners’ technical expertise and optimizes their go-to-market strategies around high-growth areas like AI, hybrid cloud and automation. This is just one way we are making AI tangible for partners and helping them leverage platforms like IBM watsonx to achieve their business goals.”

“Partners are the key to accelerating clients’ AI-powered goals,” said David La Rose, general manager, IBM Ecosystem, Sell. “Through our collaboration with TD SYNNEX, we’re enabling partners to develop deep expertise and hands-on training of our data and AI portfolios to help accelerate their enterprise AI goals through IBM watsonx and our other technology innovations. This is another way that the IBM Ecosystem is creating opportunities and value for partners and clients.”

The studio builds on TD SYNNEX’s IBM watsonx Gold 100 program, which equips TD SYNNEX partners to achieve IBM’s Gold-tier partner status through specialized technical, sales and marketing enablement for watsonx solutions. More than 50 partners have enrolled in the program since announcing in May 2024 and are utilizing the new space for additional enablement, sales and training opportunities.

STEPS Consulting Group is one partner finding success with IBM watsonx through TD SYNNEX. They are working with a multi-disciplinary architecture and engineering firm to overcome challenges related to project data analysis. By leveraging watsonx as a service, the firm is able to efficiently map past contracts and project data, improving estimate accuracy and increasing fundability for future projects. Through this partnership with TD SYNNEX using IBM watsonx, STEPS Consulting is demonstrating the power of AI to drive business growth and solve complex challenges.

“The team at STEPS deeply values the support we receive from IBM and TD SYNNEX within the IBM ecosystem,” said Craig Sizemore, Co-Founder and Managing Principal at STEPS Consulting Group. “From the watsonx workshops to the comprehensive online and in-person training programs offered for both sellers and technical specialists, this foundation of knowledge and support has empowered us to drive and deliver successful engagements. We’re excited about TD SYNNEX’s efforts to simplify AI adoption and monetization and look forward to leveraging the space to find new ways to deliver increased value to our clients.”

Located in TD SYNNEX’s Clearwater, Florida, headquarters, the new Innovation Studio will provide partners with a variety of interactive enablement activities, including:

• IBM watsonx Workshops and Trainings: Partners participate in and host workshops and training sessions to enhance their skills and knowledge in AI.
• Solution Demos and Sales Pitches: Partners can use the space to host demos and sales pitches for end customers to showcase their solutions. Partners can also leverage the Solutions Center to store their solution demos permanently, allowing for easy access when presenting to customers.
• Webinars and Events: Partners can organize webinars and events to engage their customers, share insights and demonstrate their expertise with the support of TD SYNNEX engineers, solution architects and Business Development Executives (BDEs) to facilitate activities.
• Co-Creation Sessions: Collaborative sessions where partners work with experts from IBM and TD SYNNEX to develop innovative solutions and proofs of concept designed to help them succeed in a competitive high-growth market.

To learn more about the Innovation Studio and TD SYNNEX’s enablement resources for IBM’s watsonx solutions, reach out to TD SYNNEX’s dedicated IBM team.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Facebook and Instagram.

Safe Harbor Statement

Statements in this news release that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involve known and unknown risks and uncertainties which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2024 TD SYNNEX Corporation. All rights reserved. TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of TD SYNNEX Corporation. Other names and trademarks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107774246/en/

Media

Emily Moseley

Global Corporate Communications

727-538-5864

[email protected]

KEYWORDS: California Florida United States North America

INDUSTRY KEYWORDS: Data Management IOT (Internet of Things) Technology Software Artificial Intelligence Internet

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Eaton Vance Municipal Bond Fund Announces Extension of Tender Offer

BOSTON–(BUSINESS WIRE)–
Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) announced today the extension of the Fund’s cash tender offer (the “Tender Offer”) for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value (“NAV”) per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires. The Tender Offer, which was previously scheduled to expire on January 9, 2025 at 5:00 p.m. Eastern Time, will be extended to January 10, 2025 at 5:00 p.m. Eastern Time. Also, shareholders may withdraw tendered shares at any time prior to 5:00 p.m. Eastern Time on January 10, 2025.

The Fund has extended the Tender Offer in light of the recent executive order providing for the closure of federal agencies and offices on January 9, 2025 and the related closure of NYSE Group markets on that date.

The information agent for the Tender Offer is EQ Fund Solutions, LLC. Any questions with regard to the Tender Offer may be directed to the information agent toll-free at 1-877-732-3614.

About the Fund

Except for sales of shares pursuant to a tender offer, common shares of the Fund are available for purchase or sale only through secondary market trading at their current market price. Shares of closed-end funds (such as the Fund) often trade at a discount from their NAV. The market price of Fund shares may vary from NAV based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. The Fund is not a complete investment program and you may lose money investing in the Fund. An investment in the Fund may not be appropriate for all investors. Before investing in the Fund, prospective investors should consider carefully the Fund’s investment objective, strategies, risks, charges and expenses.

Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.6 trillion in assets under management or supervision as of September 30, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

Important Notice

This announcement is not a recommendation, an offer to purchase or a solicitation of an offer to sell shares of the Fund. The Tender Offer was made only by an offer to purchase, a related letter of transmittal and other documents filed with the SEC as exhibits to a tender offer statement on Schedule TO, with all such documents available on the SEC’s website at www.sec.gov. The Fund has also made available to shareholders without charge the offer to purchase and the letter of transmittal. Shareholders should read these documents carefully, as they contain important information about the Tender Offer.

This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Fund. Additional information about the Fund, including performance and portfolio characteristic information, is available at eatonvance.com.

Statements in this press release that are not historical facts are “forward-looking statements” as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements. All forward-looking statements are as of the date of this release only; the Fund undertakes no obligation to update or review any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107013654/en/

Investor Contact: (800) 262-1122

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

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Posted on January 7, 2025 9:05 am

Protolabs Expands End-to-End Manufacturing Capabilities from Custom Prototyping to Full-Service Production

Protolabs Expands End-to-End Manufacturing Capabilities from Custom Prototyping to Full-Service Production

Volume pricing, rigid quality control, and complete program management are among the production benefits possible at the digital manufacturer

MINNEAPOLIS–(BUSINESS WIRE)–
Global digital manufacturing leader Protolabs (NYSE: PRLB) has expanded its capabilities with the introduction of full-service production to help serve companies at every stage in their product life cycles—from early prototyping and pre-production to large-scale manufacturing and end-of-life product support. The evolution enables improved pricing options for larger part orders, enhanced quality control, and focused industry certifications critical in production while maintaining Protolabs’ established low-volume, quick-turn prototyping capabilities.

To align with the expansion, the entire customer experience at Protolabs is also evolving. In addition to immediate online access to instant quoting, customers now have the option to connect directly with a team of production experts for complete program management on projects. That includes assistance with the quoting platform and file uploads to help navigate orders with complex bill of materials (BoM) and strategic sourcing from both Protolabs and its network partners. Operations specialists can assist with logistics fulfillment and applications engineers can work with customers to optimize CAD models and reduce overall costs.

“It’s a deeper partnership with our customers—product developers, engineers, buyers, procurement teams—to ensure full production support from start to finish,” said Protolabs’ President and CEO, Rob Bodor. “We are now truly a single manufacturing resource for companies around the world.”

Bodor and his leadership team have reorganized Protolabs’ business structure in parallel to further strengthen that partnership, bringing a more streamlined prototyping-to-production experience to its customers. “Our regional organizations are now entirely focused on ensuring the best possible customer engagement and experience, and we have a global operations organization with the sole responsibility of seamlessly fulfilling customer part orders as a single unified offering,” Bodor explained.

Even with the shift, Protolabs capabilities remain rooted in speed and automation, elements that are as critical now as when the company was in its infancy 25 years ago, according to the manufacturer’s Strategic Growth Officer, Luca Mazzei: “Rapid prototyping driven by automation and technology-enabled processes will always be at the core of who Protolabs is as a company. But as the market has changed, Protolabs is also changing to better meet the evolving needs of our customers. That is what our expansion into full-service production represents—a much more comprehensive way to serve our customers from start to finish.”

The idea of a “comprehensive offer” becomes tangible through the ongoing work to expand Protolabs’ four flagship service lines as well as the capabilities through the company’s manufacturing network. High-volume manufacturing with lower piece-part pricing is possible across services; high-requirement molding along with verification and validation processes are available to better serve quality assurance and certification needs of industries like medical device; and advanced polymers and metals in 3D printing will help sectors like aerospace innovate at new levels.

“The marriage of speed and automation to quality control, cost efficiency, and advanced manufacturing is a union unseen in the manufacturing industry until now,” said Mazzei. “Our customers have asked for these combined benefits for years, so we’re excited that we are able to bring this to them from prototyping to production—and every step along the way.”

About Us

Protolabs is the fastest and most comprehensive digital manufacturing service in the world. Our digital factories produce low-volume parts in days while Protolabs Network unlocks advanced capabilities and volume pricing through its highly vetted manufacturing partners. The result? One manufacturing source—from prototyping to production—for product developers, engineers, and supply chain teams across the globe. See what’s next at protolabs.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107239093/en/

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Protolabs

Brent Renneke, 763-479-7704

PR & Media Strategist

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Investor Relations Contact

Protolabs

Ryan Johnsrud, 612-225-4873

Manager, Investor Relations and FP&A

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Automotive Manufacturing Aerospace Technology Manufacturing Transport Other Manufacturing Software Logistics/Supply Chain Management Engineering Hardware Chemicals/Plastics

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Digi International Drives Digital Transformation with the Launch of Digi^X-ON™

Secure, reliable and scalable edge-to-cloud IoT solution drives fast, measurable results and ROI for customers

MINNEAPOLIS–(BUSINESS WIRE)–Digi International^®, (NASDAQ: DGII), a leading global provider of Internet of Things (IoT) connectivity solutions, today announced the launch of Digi X-ON™, a breakthrough edge-to-cloud IoT solution that provides the components needed for IoT systems from one trusted and reliable supplier.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107077625/en/

Designed to remove the barriers of integrating, deploying and scaling industrial IoT systems, Digi X-ON integrates hardware, software, and cloud connectivity into a single, secure, and reliable platform that delivers measurable business value — supporting many different applications and use cases such as connected cities, smart utilities, industrial IoT and smart agriculture.

“With customers deploying Digi X-ON in a range of use cases, we are seeing excellent results, such as greater visibility into the health of large livestock herds, automation in buildings, and digital transformation in supply chain use cases, as well as improved return on investment,” said Mike Rohrmoser, VP of Product Management, OEM Solutions at Digi International.

For example, a lead customer, FeverTags, empowers ranchers, feedlots and dairies to take a proactive and innovative approach to animal health, enabling early detection of illness, and allowing for timely intervention to reduce extensive antibiotic treatments, prevent death loss and disease spread. This not only improves animal welfare but also contributes to the animal’s continued weight gain and a more sustainable and responsible approach to livestock management.

“With a FeverTags solution, we can identify and treat sick cattle up to 72 hours before they show signs of illness that you can detect visibly,” says John Greer, CEO of FeverTags. “Anytime you can keep an animal healthy, and eating and drinking, you deliver an immediate financial impact and an ROI to the cattle owners.”

Greer added, “FeverTags provides immediate cost savings by early sickness identification and treating only sick animals instead of giving antibiotics to the entire herd.” This reduces costs for veterinarians, bankers and insurers who can monitor individual animals or entire herds from their phone or computer.

In addition, Greer said, “We also provide other features, such as traceability and predictive values we can use to identify if cattle originating from a particular location are all prone to sickness, which helps cattle owners to isolate and treat health problems quickly. The herd’s data captured in our software presents a predictive value to cattle and dairy organizations, providing early actionable treatment that results in an immediate ROI.”

The Digi X-ON platform communicates several miles omnidirectionally, so the tags can cover a 250,000-head feed yard, or a 40,000-acre ranch or a dairy, as structures and buildings do not impede the communication signal.

“Digi’s WDS custom engineering services designed and manufactured the custom tag for monitoring animal health around the Digi XBee® LR for LoRaWAN,” said Rohrmoser. “The XBee module allows the sensor to be pre-activated, so tagging a cow and activating the tag on a rugged tablet takes just seconds as a cow enters the feedlot, a key benefit of Digi X-ON’s scan-and-go provisioning.”

Deploying IoT networks requires a diverse set of components and systems, from sensors and gateways to connectivity, software, and cloud platforms. As industrial IoT adoption accelerates, organizations deploying LoRaWAN networks struggle with fragmented technology ecosystems, which leads to higher costs, integration complexity, and disjointed support that slows down their digital transformation.​​​​​​​​​​​​​​​​

“Digi X-ON changes industrial IoT from a complex multi-vendor puzzle into a single, seamless solution that drives real business results,” said Rohrmoser. “Customers can now focus on achieving their business goals instead of wrestling with the complexities of technology integration, scaling from concept to production with remarkable simplicity, speed, and scalability.”

With industrial IoT set to reach $2.5 billion by 2032, Digi X-ON empowers businesses to lead their industries by eliminating complexity and accelerating time to value with a future-ready, scalable solution.

Digi X-ON development kits, produced by SparkFun, are available worldwide. These kits provide businesses with everything they need to start building their IoT solutions today. For more information, visit www.digi.com/X-ON.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit https://www.digi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107077625/en/

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INDUSTRY KEYWORDS: Hardware IOT (Internet of Things) Electronic Design Automation Semiconductor Security Data Management Technology Nanotechnology Agriculture Natural Resources Other Technology Software Networks Internet Mobile/Wireless

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Digi International drives digital transformation with the launch of Digi X-ON. (Photo: Business Wire)

SPS Commerce Now Available on SAP^® Store

By integrating with SAP S/4HANA, SPS Commerce Fulfillment Connector for SAP S/4HANA from SPS Commerce ensures smooth data performance, supports growth, and maintains a clean core structure

MINNEAPOLIS–(BUSINESS WIRE)–
SPS Commerce (NASDAQ: SPSC) today announced that its SPS Commerce Fulfillment Connector for SAP S/4HANA is now available on SAP^® Store, the online marketplace for SAP and partner offerings. SPS Commerce Fulfillment for SAP S/4HANA integrates with SAP S/4HANA and enables businesses to seamlessly manage order-to-cash to customers.

“Thousands of businesses using SAP technologies have already implemented SPS Commerce Fulfillment (EDI), and we are excited to expand our full-service EDI solution to connect with SAP S/4HANA through SAP’s Business Technology Platform (BTP) via the Public Cloud Connector,” said Steve Massey, Vice President of Technology at SPS Commerce. “Through this connection, customers can boost visibility across the supply chain, automate the retail and e-commerce order process, and scale support for businesses of any size. We are delighted to take this next step in our partnership with SAP.”

SPS Commerce Fulfillment Connector for SAP S/4HANA Public Cloud streamlines the integration process through a pre-configured solution package that can be seamlessly deployed within the SAP Integration Suite on the SAP Business Technology Platform (BTP). This solution facilitates a smoother integration process and aligns with SAP’s strategy of providing comprehensive, cloud-based integration solutions for modern business needs.

Core benefits of SPS Commerce Fulfillment for SAP S/4HANA:

• Cloud scalability and easy configuration

• Order consolidation and time savings

• Single point of connection

• 24/7 full-service support capabilities

SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.

To enable companies to become intelligent enterprises, SAP is expanding its vertical solutions with an ecosystem of industry cloud solutions. These solutions complement the existing SAP portfolio to extend the value of joint customer investments. SPS Commerce is working with SAP to create offerings that meet consumer products, wholesale distribution and retail requirements so customers can achieve positive business outcomes. Learn more at SAP Store.

About SPS Commerce

SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts so our customers can focus on what they do best. To date, more than 120,000 companies in retail, grocery, distribution, supply and logistics have chosen SPS as their retail network. SPS has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250107261193/en/

For more information, press only:

Kristin Faulder (on behalf of SPS Commerce)

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Supply Chain Management Data Management Retail Technology Software Electronic Commerce Internet

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