04.04.2021
Andritz: International technology Group Andritz has received CFE Media’s North American 2021 System Integrator of the Year Award in the large integrator category. Each year, a panel of Control Engineering and Plant Engineering editors and industry experts in the USA select the System Integrator of the Year Award winners in three categories: small, medium, and large. Three general criteria are considered for the selection of winners: business skills, technical competence, and customer satisfaction.
Andritz: weekly performance:
5.22%
Vienna Insurance Group (VIG): Vienna Insurance Group has formed the insurtech fonds Venpace together with three other investors. The goal is to search for, financially support and make use of young international technology companies. The focus is on insurtechs. Vienna Insurance Group holds a 25% interest in the new investment company and is thus taking the next step in its extensive digital transformation activities. In addition to Vienna Insurance Group, the other investors and founders of Venpace are IDEAL Insurance Group, Provinzial Rheinland Versicherung AG and PrismaLife AG. “We want to take advantage of the growing insurtech scene and its innovative ideas to further expand our range of digital products and services. We are intentionally investing in the early stage of future-oriented start-ups, in order to generate medium-term returns while spreading the risk over multiple investors,” explains CEO Elisabeth Stadler. The goal of the new company is to search for international start-ups operating in specified areas. Venpace might also be used for corporate venturing aimed at realising ideas with start-ups founded specifically for this purpose.