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ROCHESTER – Cris Ross, Mayo Clinic ’s high-profile information technology chief who managed the $1.5 billion Epic System medical records transition, retired in November. Ross had served as chief information officer at Mayo Clinic since 2012. Becker’s Hospital Review reported his retirement in a recent article citing “a health system spokesperson.” ADVERTISEMENT In addition to shepherding the massive Epic medical records project, Ross was also a leader in Mayo Clinic’s collaboration with Google that spurred the internet giant to open its first Minnesota office in downtown Rochester. Ross was one of the speakers at the 2021 virtual press conference introducing the Google office, along with Gov. Tim Walz , Rochester Mayor Kim Norton and other local leaders. In the 2021 meeting, he described the milestone in the Mayo/Google partnership as "an extraordinary opportunity to improve lives." "We’ve been hard at work laying technical groundwork," Ross said of preparing the way for the collaboration that he described as part of the road toward health care's "datacentric future." Earlier this year, Ross co-wrote a book called “Diagnosed: An Insider's Guide for Your Healthcare Journey” with Ed Marx , the former CIO of Cleveland Clinic . The book is about their experiences receiving medical care after being diagnosed with cancer. Mayo Clinic Press published the book. All of the author royalties from the sale of every book are donated to funding medical research at the Mayo Clinic Comprehensive Cancer Center . The Post Bulletin asked about Ross’ retirement plans and his book in late October. A request for an interview with him was submitted. Mayo Clinic Communications - Media Relations Director Andrea Kalmanovitz declined the request. ADVERTISEMENT “We are going to pass on this opportunity,” she wrote in response on Oct. 25. Prior to joining Mayo Clinic, Ross worked as CIO of UnitedHealth Group 's behavioral health division and for CVS MinuteClinic . He also was the executive vice president and general manager of clinical operability for the electronic prescription company, Surescripts .Shares of Verisign Inc. ($VRSN) fell over 1% on Friday afternoon, poised to end a three-day winning streak after Senator Elizabeth Warren and Congressman Jerry Nadler called for an investigation into the company’s pricing practices. The lawmakers’ letter to the Department of Justice and the National Telecommunications and Information Administration accuses Verisign of exploiting its monopoly over “.com” web addresses to impose “excessive prices” on customers, Wired.com reported. Verisign, which administers the .com top-level domain, has faced criticism for its pricing structure. For years, federal caps limited registration costs to $6, which rose to $7.85 during the Obama administration. However, the Trump administration lifted the cap in 2018, allowing Verisign to increase prices by up to 7% annually. The company started charging $10.26 for .com registrations from September. Critics argue that Verisign’s monopoly, guaranteed through a government contract, has allowed it to raise prices without improving services, effectively taking advantage of customers with limited alternatives. Antitrust advocates have also urged the Biden administration to open the registry contract for competitive bidding when it expires next year. Verisign, which generated $1.5 billion in revenue last year, has not issued a public response to the latest criticism. However, an August blog post from the company reportedly disputed claims of monopolistic practices. Retail sentiment was ‘extremely bullish’ on Stocktwits on Friday afternoon, with high message volume. Optimism appears to be driven by Verisign’s recent earnings and guidance. The company exceeded third-quarter estimates with earnings per share of $2.07 versus $2.01 expected, and revenue of $390.6 million, slightly above the $390.2 million consensus. Verisign also raised its full-year revenue guidance to $1.54 billion-$1.59 billion, signaling strong financial performance despite a 2.5% year-over-year decline in its domain name base. The company processed 9.3 million new domain registrations for .com and .net in Q3, down from 9.9 million in the same period last year. The return of Donald Trump as president could also be quelling some worries, as his administration is perceived to be less stringent on regulations and more business-friendly. VRSN stock has lost more than 9% year-to-date. For updates and corrections email newsroom[at]stocktwits[dot]com.<jolibet download 。

Subsea Technology & Rentals (STR) has secured STAR Capital Partnership LLP (STAR) as its new majority shareholder, as the global subsea sensor equipment and solutions provider sets out an ambitious growth strategy, targeting offshore energy, infrastructure and marine science markets. The investment will enable STR to further evolve its equipment and service offering through organic and acquisition-led growth. It will also expand the company’s geographical presence to clients across growing global offshore energy and infrastructure markets, with a new base in Norway set to open early next year. Steve Steele will continue to lead STR as Chief Executive Officer alongside Chief Financial Officer, Stuart Bannerman. Uniti Bhalla, managing partner and Philipp Moy, principal of STAR will join the STR board. Steve Steele, CEO, said: “Securing STAR as our new majority investor will unlock significant growth potential as we plan to enter new markets and further boost our disruptive technology offering. We have undergone a significant transformation over the last few years from an equipment rental business to be one of the most trusted international providers of subsea sensor technology and services across the offshore energy, infrastructure and marine markets, and we intend to go much further. “This deal signals confidence in the long-term role we will play in offshore energy transformation. The investment enables us to further enhance our product and service offering, extend our geographic footprint and pursue complementary acquisitions. It creates opportunities for STR’s loyal clients, employees and suppliers around the world. Steve Steele “I’m also very pleased to be welcoming Uniti and Philipp to the board. These high calibre additions will bring a wealth of experience as we seek to deliver our growth ambitions.” STR operates globally with technology and service facilities in Aberdeen, Great Yarmouth, Houston, Perth and Singapore – with plans to have a presence in Norway early in 2025 and further expansion on the horizon. The company has nearly doubled headcount in the last three years, with 110 people globally and expects to add a further 20 people in the coming year, with further growth to be delivered through strategic acquisitions. Uniti Bhalla, managing partner of STAR, commented: “We are thrilled to partner with STR and assist the company’s global growth ambitions. We were attracted to STR due to its innovation and solutions-based approach, providing highly technical and mission critical sensor equipment into offshore markets, which are set to continue expanding through investment into energy transformation, including subsea power and communications. “The characteristics of the business match our specialist rental and ‘assets as a service’ investment theme, and we are excited to support Steve and his talented team on their vision and growth strategy to benefit STR’s clients worldwide.” STR has 22 dedicated design engineers and production technicians based at its £1 million Global Technology and Innovation Centre of Excellence developing new products for launch in 2025. The company has plans to further increase revenue through a focus on sustained research and development, displacing legacy subsea technologies with innovative challenger products. Baird Capital, an investor of STR since January 2022, has now exited the business following STAR Capital’s investment. Source: STAR Capital



Grab Holdings Stock Declines After BofA Downgrades To ‘Underperform’: Retail Sentiment SoursSurface-to-Air Missiles Industry Projected to Expand at 6.3% CAGR to $10.6 Billion | Boeing, BAE Systems, MBDA, Thales GMUMBAI: Dutch technology investor Prosus , which has invested over $8 billion in the country, will raise its bets on India, where more people are coming online, expanding opportunities for companies and investment firms alike and giving new startups room to find their feet. India is very "heterogeneous" - people from different parts of the country vary in the way they buy and transact, allowing multiple firms to have a play in the same sectors, Ashutosh Sharma, head of growth investments (India and Asia) at Prosus, said. He cited the instance of its portfolio firm Meesho , which tapped a different market within e-commerce and built its play despite the presence of giants Amazon and Flipkart within the sector. "The India next" - the next set of 100-200 million users who are coming online - opportunity is something the firm is looking at besides scouting for more deals in the GenAI space. "What is Meesho-equivalent in other sectors and can we invest in that early is what we will explore. When we started investing in India, it was largely consumer tech... over time, we added B2B marketplaces, SaaS, crypto and now GenAI. Our excitement around India continues and you will see us be more aggressive than we have been in the past across sectors here," Sharma told TOI in an interview. Prosus counts Swiggy, PharmEasy and Urban Company among its portfolio companies. The firm - which is Swiggy's largest shareholder with over 20% stake - made over $2 billion in gains on its total investment in the startup which got listed on the bourses last month in India's second-biggest public issue of the year. Sharma said that there are quite a few other startups in its portfolio which are "ready" to get listed without sharing timelines. Even as a mix of geopolitical tensions and the election win of Donald Trump risk pose market uncertainties, strong backing from domestic investors and high appetite for new-age tech stocks should bode well for startups planning IPOs in 2025, Sharma said. "As a country, we are still in the very early stages of tech penetration across sectors. Investors believe that there is a long runway for all of these companies to perform. These are all, in that sense, growth stocks and not defensive stocks and there are a set of investors which are excited in them," Sharma said. He added that unless a black swan or a big disruptive event takes place, foreign investors - who have been net sellers in the past couple of months - should come back to India sometime next year. Prosus's investment cheques for India will range across early stage, mid-sized and late stage companies. "The overhang of rich valuation (in private markets) that was seen in 2021 and early 2022 is gone now. The India story looks pretty solid, valuations look palatable and companies are on a much stronger footing", making Prosus bullish, more so on late-stage bets going forward. The investor's failed bet in Byju's - which has gone from being a $22 billion startup to facing bankruptcy - has not deterred it from evaluating deals in the edtech space as technology is the only way to bridge the demand-supply gap of quality education in India, Sharma said. Globally, Prosus's most successful bet has been China's Tencent and the firm aims to emulate the same in India. "It's an aspiration for sure. That's like a once-in-a-lifetime kind of a hit," he added.