Dale Ventures Acquires 20 Percent Stake in Train Booking Site Rail Online

We are very excited to have secured the backing of Dale Ventures to help support our company’s goal of promoting the increased use of sustainable forms of transport – James Dunne (CEO and Founder, Rail Online)

Dale Ventures acquires 20 percent stake in train booking site Rail Online

Dale Ventures acquires 20 percent stake in train booking site Rail Online

SYDNEY, July 22, 2022 (GLOBE NEWSWIRE) — Global venture capital firm Dale Ventures is excited to announce its latest investment in the Australian tech start-up company Metro 1 Travel and Technology Pty Ltd, the operator of a top-tier website www.rail.online that allows customers across the globe to book affordable, convenient rail travel with ease. Led by CEO Dale W. Wood, Dale Ventures recently invested AU$2,500,000 to acquire a 20 percent stake in the company.

At www.rail.online, customers in Europe, Australia, and throughout the world can search for terrific deals on train tickets, knowing they’ll find the best prices and knowledgeable customer service staff all in one place. Rail Online offers quick and simple refunds, giving travelers peace of mind when they book each and every time.

“The travel market has been waiting for a service like Rail Online since the advent of e-ticketing in the rail sector, and this desire is only bolstered by pent-up demand related to the pandemic,” Dale W. Wood said. “Digital ticketing is poised for major innovation, and James, Lachlan, and Kew are ahead of their time. I am thrilled to be able to support their venture as they move toward making cheap, climate-conscious rail travel a reality for millions.”

Rail.Online is more than just a booking site – it’s a travel companion and comparison platform that makes international adventures all the more achievable. From European rail passes to point-to-point tickets across the United Kingdom, planning a trip is a faster and more affordable experience when using Rail Online. With every search, customers can see all available options for a train ticket and compare prices, amenities, and experiences, as well as receive an easy-to-understand breakdown of when and how often their ticket can be used.

Founded by James Dunne, Lachlan McCallum, and Kew Muthalif, Rail Online has already caught the eye of industry leader SilverRail who signed a contract with the company in 2021. Cameron Jones, Chief Strategy Officer at SilverRail, said, “We’ve been impressed with the founding team that Rail Online has brought to the table. Our companies share a genuine passion for the sector, and we look forward to working with them as they grow.”

“We want to make it as easy and affordable as possible for people to compare, plan and book their next rail adventure,” James Dunne said. “SilverRail has helped us create a platform that offers a seamless booking experience with competitive prices and the ability to self-manage any changes or refunds. With the rapid advancement of digital ticketing in the rail sector, it’s time for a new player, and we’re it.”

The recent investment by Dale Ventures will allow Rail Online to expand further across Europe and into North America.

“We are very excited to have secured the backing of Dale Ventures to help support our company’s goal of promoting the increased use of sustainable forms of transport,” James Dunne said. “With a focus on brilliant technology and customer experience, our mission is to become the world’s most valued and frequently used travel app for rail and public transport.”

About Dale Ventures

Dale Ventures is a personal investment holding group founded by serial investor Dale W. Wood. The company partners with management teams to provide the significant strategic and analytic resources needed to build and grow remarkable companies. Dale Ventures has adopted a consultative approach that harnesses the power of innovative teams to generate groundbreaking ideas, tactics, and strategies that drive growth and build long-term value.

For more information about Dale Wood and his projects, please visit www.Dale.com and Facebook.com/DaleVentures.

Media Contact

Dale Ventures FZE
contact.ae@dale.com
Jumeirah Lake Towers
Cluster I; Platinum Tower
12th Floor; Suite # 1207
Sheikh Zayed Road
Dubai, United Arab Emirates

Related Images

Image 1: Dale Ventures acquires 20 percent stake in train booking site Rail Online

Dale Ventures acquires 20 percent stake in train booking site Rail Online

This content was issued through the press release distribution service at Newswire.com.

Attachment


Copyright © 2022 GlobeNewswire, Inc.

To representatives of the Azerbaijani media

Dear representatives of the media!

Dear journalists!

I sincerely congratulate you on the anniversary of the establishment of the national press of Azerbaijan.

For the first time in the years of our independence, Azerbaijani journalists are celebrating their professional holiday in Shusha – the cultural capital of our country, the crown jewel of Karabakh which has made a special contribution to the development of the national media – after its liberation from nearly 30 years of Armenian occupation. The first event being held in Shusha on the occasion of the National Press Day will be a significant milestone in the history of the Azerbaijani media.

The Azerbaijani press, following the principles declared by “Akinchi”, a newspaper published in the Azerbaijani language by outstanding intellectual, publicist and naturalist Hasan Bey Zardabi on 22 July 1875, has covered an impressive path of development. Numerous publications released after the second half of the 19th century have been a mirror of our history and made an invaluable contribution to educating the people, forming national consciousness, realizing the freedom dreams of our people and protecting our moral values.

The democratic reforms implemented under the leadership of national leader Heydar Aliyev in Azerbaijan, a country that regained its independence at the end of the 20th century, paved the way for fundamental changes in the development of national information resources. As a result of the systematic measures taken in the direction of freedom of speech and information, developing a progressive legal framework and strengthening the independence of editorial offices, the Azerbaijani media entered the stage of rapid development.

Strengthening the potential of our national information resources and their position in the global information network has been one of the main tasks in the current era, when communication tools are undergoing a transformation phase, digital platforms and social media tools are expanding their scope. Reforms carried out in recent years have included improving the legal framework pertaining to media activity, strengthening their economic foundations, improving the social security of journalists, implementing the state’s communication policy in accordance with the requirements of the modern era, increasing flexibility and professionalism of journalism, eliminating negative manifestations disturbing society, expanding the international relations of the media and creating joint platforms with friendly countries. And significant progress has been achieved in these areas.

The Republic of Azerbaijan is a modern and strong state with an independent policy and a worthy place in the system of international relations. This is why attempts to undermine the international reputation of our country and influence its internal life in the global information space show no sign of abating. During the Patriotic War, the Azerbaijani media fought on the information front and played a major role in preventing disinformation attacks by providing prompt and correct information to our society. Our media resources tirelessly continue their activities to convey the truths of Azerbaijan, including the unprecedented atrocities and vandalism committed by Armenians on our historical lands during the occupation, to the international community.

Azerbaijani journalists who have made a worthy contribution to the mobilization of our society for the sake of patriotism, national consciousness and higher goals have to demonstrate their loyalty to these principles, upheld the interests of Azerbaijan’s statehood at a time when campaigns based on fake and false information have intensified at the global level, and protect the right of our citizens to obtain complete and correct information. Journalists should continue to work with all their might for the progress of our society.

I am sure that Azerbaijani journalists will continue to spare no efforts for the development of the achieved successes, continuous progress of our society and happy future of our people.

Once again, I congratulate you on your professional holiday and wish each of you good health and the best of luck in your work.

Ilham Aliyev

President of the Republic of Azerbaijan

Baku, 22 July 2022

Verisk Names Elizabeth Mann Chief Financial Officer

Headshot

Elizabeth Mann

JERSEY CITY, N.J., July 21, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK) today announced that Elizabeth Mann has been named executive vice president and chief financial officer for Verisk, effective September 15, 2022.

As CFO, she will lead Verisk’s global finance organization which includes accounting and controllership, financial planning and analysis, investor relations, strategic sourcing and procurement, tax and treasury.

Lee Shavel, CEO of Verisk, said, “We’re excited to welcome Elizabeth to Verisk. Elizabeth’s global and multi-faceted finance experience coupled with her leadership make her the perfect candidate to lead Verisk’s dynamic finance team. Elizabeth will be a great partner in achieving our longer-term growth and return objectives and an invaluable resource for valued stakeholders who want to better understand Verisk’s financial and competitive strengths.”

An accomplished financial leader, Mann comes to Verisk from S&P Global, where she was chief financial officer for the Ratings and Mobility divisions, and prior to that senior vice president of capital management. She also held roles of increasing responsibility at Goldman Sachs, including managing director of the firmwide strategy group and the technology, media & telecom investment banking group. Before joining corporate America, Mann earned a doctorate in Mathematics from the University of Oxford, and she was Moore Instructor & National Science Foundation Postdoctoral Fellow at the Massachusetts Institute of Technology.

“Verisk occupies a unique position as a trusted partner to the industries it serves. I’m looking forward to working with Lee and the leadership team to expand on Verisk’s position and accelerate the company’s strong financial performance and strategy for growth,” Mann said.

The role of Verisk CFO was left vacant when Shavel became CEO in May. David Grover, Verisk’s controller and chief accounting officer, has been serving as interim CFO.

“We’re incredibly thankful to David for his leadership and support during this transition period,” Shavel said.

About Verisk
Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

Attachment

Investor Relations  
Stacey Brodbar
Head of Investor Relations
Verisk 
201-469-4327 
IR@verisk.com

Media
Alberto Canal
Corporate Communications
201-469-2618
Alberto.Canal@verisk.com

i2 Group Extends Analytics Capabilities with Acquisition of Rosoka

OTTAWA, July 21, 2022 (GLOBE NEWSWIRE) — i2 Group (i2), a wholly owned subsidiary of N. Harris Computer Corporation (Harris), is extending its portfolio of solutions for intelligence analysis through the acquisition of Rosoka Software Inc (Rosoka).

This investment by Harris comes only six months since it acquired i2 and demonstrates their commitment to i2’s continued growth. The acquisition will strengthen i2’s capabilities in the delivery of its mission-critical software that supports homeland security, state and local law enforcement, and financial crime investigations.

The technology secured by the acquisition of Rosoka means that when it comes to data analysis, unstructured data is no longer a barrier. This capability, which is now available in the i2 portfolio, will allow data analysts and investigators to extract insights automatically from a variety of documents such as Microsoft® Word, PDFs, and web pages. It will allow a multitude of new unstructured data sources to be immediately exploited by i2’s global user base.

Jamie Caffrey, Executive Vice President of i2 Group, said: “Bringing the Rosoka solution into i2 is a game changer. It further enhances our products’ capabilities and will improve an analyst’s time to value by deriving insight from the mass of unstructured data they confront every day. Documents can now be directly imported into the i2 product they already use and be immediately ready for analysis.”

“Harris’ support of i2 extends beyond this acquisition and is backed by the significant investment in both our expert teams and the solutions we provide. We have recently released software updates across the entire product suite and this acquisition builds upon our mission to provide the most capable and trusted global intelligence analysis platform.”

Gregory Roberts, CEO and Founder of Rosoka, said: “We already have a splendid working relationship with Jamie and the i2 team and to join the Harris family is an amazing opportunity for Rosoka’s solutions to be adopted more widely. I look forward to working with i2 to provide even greater capabilities to data analysts and investigators globally.”

With an estimated 80% of all enterprise data being unstructured, Rosoka will be a force multiplier for the i2 product line. It will allow i2 users to consistently and repeatably analyze documents in over 200 languages to extract key relationships, geospatial locations, and the underlying sentiment in those associations.

As a key historic partner of i2, the Rosoka brand will become part of i2’s business. The unstructured document data capability is available immediately in the new i2 TextChart product line.

For further information, contact:

Jamie Caffrey
Executive Vice President, i2 Group
E: jamie.caffrey@i2group.com

About i2 Group

i2 Group is a world-leader in intelligence analysis software. They empower intelligence analysts and investigators to discover, create, and disseminate actionable intelligence to identify the perpetrators of criminal activity. Founded in Cambridge, UK in 1990, it has more than 30 years’ experience in helping its users to solve complex problems. Their products have been proven in countless real-world operations and are relied upon by 4,500+ users in more than 140 countries.

About Rosoka

Rosoka provides the power to unlock large volumes of information from any multilingual source, determines the relevance and relationship of the data, and delivers value specific results on any platform, application, or device from 230+ languages.

About N. Harris Computer Corporation (Harris)

Harris acquires software businesses, manages them using industry best practices, and builds them for the future. Through acquisitions, Harris has grown extensively from its roots in the utilities, local government, education, private and healthcare sectors to operate over 180 businesses globally across more than twenty industries. Harris is an operating group of Constellation Software Inc. (TSX: CSU), one of North America’s most active acquirers of software businesses.

“Pa?abank” management formed anew

After the appointment of the former Deputy Board of “Pasabank” Javid Guliyev as Chairman of the bank, there was an appointment to his vacant position. This is reported by “Pasabank”.

According to the decision of the Supervisory Board of the bank, Bahruz Nagiyev was approved as the new Deputy Chairman of the bank, and Murad Suleymanov was entrusted with the performance of his former duties. Prior to that, he worked as the Director of the Finance and Information Technology Department at “Pasha Holding” which includes “Pasabank” as well.

Thus, the management of ”Pasabank“ has been formed anew. The root of these changes lies in the appointment of the former Chairman of the Board of the bank Taleh Kazimov as Chairman of the Central Bank of Azerbaijan in May this year.

Source: Turan News Agency

Transportation of grain in the Black Sea will begin in the next few days: Ibrahim Kal?n

“Grain transportation agreement” is Turkey’s diplomatic success,” the spokesman of the Turkish President, Ibrahim Kalin, said this in his statement to “A-Haber”, APA reports.

He noted that the issue here is not only grain transportation. People are dying, houses are falling in Ukraine:

“This should be prevented. We will continue this balanced policy at a consistent pace.”

Kalin said that the ships will start shipping in the next few days.

“But it depends on the preparation of the countries. We are ready, the throats are ready. There is no embargo on grain products of Russia. However, Russia did not take them out of the Black Sea for 3-4 months because it thought that an embargo would be applied to its ships. The way was opened with this agreement. The Ukrainian side will open 3 corridors in the direction of Odessa port. In the coming days, there will be serious activity in the Black Sea in this sense. The food crisis in the world will end,” he said.

The spokesman of the President of Turkey noted that the most serious peace talks were held in Turkey in the war that has been going on for almost 5 months, and he hoped that other countries would join this process and understand how important Turkey is.

Source: Azeri-Press News Agency