Technology

BetaNXT Names WealthTech Veteran Robert Santella as CEO in Planned Transition

Published

2 years ago

May 29, 2024

Stephen C. Daffron, will Remain Engaged with BetaNXT as Executive Chairman, Effective July 1, 2024

NEW YORK, May 29, 2024 /PRNewswire/ — BetaNXT, a provider of wealth management infrastructure solutions with real-time data capabilities and an enhanced advisor experience, announced today that, as part of the company’s planned leadership transition, Robert Santella will become Chief Executive Officer effective July 1, 2024. He will take over from Stephen C. Daffron, who will remain involved with the firm as Executive Chairman. BetaNXT is backed by Clearlake Capital Group, L.P. (“Clearlake“) and Motive Partners.

“With a leader like Bob Santella prepared to take the helm, I believe we are well-positioned as a business to execute on the long term plan and vision we have established,” said Mr. Daffron, Executive Chairman of BetaNXT, and Co-founder and Industry Partner at Motive Partners. “I have enjoyed working with the team at BetaNXT and believe strongly in their mission, so much so that I stayed for more than two years in what was meant to be a transitionary CEO position. I will continue to be a passionate investor in, and advocate for, BetaNXT. Stepping aside now will give me the flexibility to continue leading Motive Partners’ vision to invest, operate, and innovate to drive transformation in wealth management technology.”

Mr. Santella, who possesses more than 30 years of experience in the Trading Technologies and WealthTech spaces, has been CEO of IPC Systems, a provider of secure, compliant communications and multi-cloud connectivity solutions for the financial markets since April 2018.

Prior to IPC, Mr. Santella served in several positions at SunGard Financial Systems, beginning as Chief Operating Officer of the Broker-Dealer Group and later becoming President of Global Trading. He continued to serve as President of Global Trading at FIS after the latter acquired SunGard in 2015. Earlier in his career, Mr. Santella was COO and President of Fox River Execution and SAM Investments. Mr. Santella earned a B.S. in Economics, Accounting, and Finance from The Wharton School at the University of Pennsylvania.

“Steve has successfully led the carve-out of BetaNXT and communicated a clear strategy for powering the next generation of frictionless, end-to-end wealth management,” said Mr. Santella. “As the company has gone from strength to strength and grown its reputation in the marketplace, I am proud that he has chosen to pass the torch to me, and I look forward to working alongside the teams at BetaNXT, as well as Clearlake and Motive Partners, to accelerate the future of connected wealth.”

“Bob’s track record of success providing technology solutions to the financial markets as well as his experience in data science make him the natural choice to lead BetaNXT as its new CEO,” said James Pade, Partner and Managing Director at Clearlake. “We know the entire organization welcomes Bob to his new role and looks forward to supporting him in executing our strategic growth plan to build a differentiated platform in the wealth management industry.”

About BetaNXT

BetaNXT powers the future of connected wealth management infrastructure solutions, leveraging real-time data capabilities to enhance the wealth advisor experience. Combining industry experience with the power of our proven Beta, Maxit, and Mediant businesses, we are focused on solving our customers’ integration challenges with flexible, efficient, connected solutions that anticipate their changing needs. Our approach reduces enterprise cost, streamlines operations processes, increases advisor productivity, and enhances the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into assets that enable enterprise scale and stimulate commercial growth. For more information visit www.betanxt.com.

About Clearlake

Founded in 2006, Clearlake is an investment firm operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $80 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore.

Learn more at www.clearlake.com.

About Motive Partners

Motive Partners is a specialist private equity platform, combining Investors, Operators and Innovators, to build, back and buy the technology companies that enable the financial economy. Motive invests across stage in technology enabled financial and business services in North America and Europe. Motive has offices in New York City, London, and Berlin with over 200 professionals, managing two investment programs, Motive Ventures (early stage) and Motive Capital (growth and buyout).

More information on Motive Partners can be found at www.motivepartners.com.

Media Contacts

Laura Marvin Simkins
JConnelly for BetaNXT
(973) 349-2959
betanxt@jconnelly.com

Laura Barger
Head of Marketing and Communications, BetaNXT
(917) 680-6002
Laura.Barger@betanxt.com

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Technology

Yon Raz-Fridman Joins Intrinsic Labs as Co-Founder and Partner

Published

3 hours ago

April 30, 2026

Most AI companies are selling software. Intrinsic is deploying AI workers into the core operations of mid-market companies – and just brought in a serial tech entrepreneur to help the firm scale across the Heartland.

COLUMBUS, Ohio, April 30, 2026 /PRNewswire/ — Intrinsic Labs today announced that Yon Raz-Fridman has joined the firm as a Co-Founder and Partner.

Raz-Fridman has spent nearly two decades building across software, hardware, and platform businesses. Early in his career, he served as Chief of Staff to the President of Keter Group, a $1 billion-plus global consumer products manufacturer. He went on to co-found Kano, the award-winning educational computing company, and later founded Supersocial, the immersive gaming studio acquired by Super League Enterprises in 2025. He is a member of the World Economic Forum’s Technology Convergence Council.

He joins Intrinsic at a moment when mid-market companies are moving from AI experimentation to deployment. Intrinsic works with operators in logistics, construction, insurance, manufacturing, and industrial markets to deploy AI workers into the workflows that run the business – increasing throughput, reducing manual work, and expanding capacity without adding headcount.

The firm has built its reputation on practical deployments tied to real operating metrics. In one engagement with a national real estate brokerage, Intrinsic’s AI Accounting Agents reached 97% invoice coding accuracy, automated 90% of the AP workflow, and fully removed FTEs from the review flow.

“Yon understands what it takes to build and scale in the real world,” said Jon Slemp, Managing Partner at Intrinsic Labs. “Our clients aren’t buying flashy agents, they’re buying outcomes and reliable labor. They need agentic systems that take work off their teams, perform reliably, and produce measurable gains in throughput and capacity. That’s what we build.”

As Co-Founder, Raz-Fridman will oversee Intrinsic’s expansion – designing the channel relationships, institutional partnerships, and market positioning that take the firm from a proven Ohio model to the defining AI workforce platform for America’s industrial middle market.

“The companies that win over the next decade will be the ones that figure out how to staff AI into their operations and manage it like a workforce. Intrinsic is doing that work now, inside real businesses, tied to real outputs. The Heartland is exactly the right place to prove this model, and Intrinsic is exactly the right team to do it.” — Yon Raz-Fridman

About Intrinsic Labs LLC
Intrinsic Labs helps mid-market companies deploy AI workers into the workflows that run their business. The firm focuses on logistics, construction, insurance, manufacturing, and industrial markets, where manual work, fragmented systems, and labor constraints create clear opportunities for leverage. Intrinsic works with clients to put AI workers into production, tie them to operating KPIs, and help teams scale output without scaling headcount. https://www.intrinsic-labs.ai/

About Team Yon LLC
Team Yon LLC is a management company founded by Yon Raz-Fridman that incubates new ventures, provides executive leadership, and makes strategic investments at the intersection of emerging technology and human advancement. Through Team Yon LLC, Raz-Fridman partners with founders and operators across healthcare, AI, and frontier technology – including his role as co-founder and Partner at Intrinsic Labs. https://teamyon.org

Media Contact:hello@intrinsic-labs.ai

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Technology

Wipfli to complete CompliancePoint transaction and add associates, expanding capabilities

Published

3 hours ago

April 30, 2026

MILWAUKEE, April 30, 2026 /PRNewswire/ — Wipfli, a top 25 national advisory and accounting firm, announced today it has entered into an agreement with CompliancePoint Inc., a provider of risk management services focused on information security, data privacy and regulatory compliance. 2 partners and 52 associates will join the firm as a result of the transaction.

Based in Duluth, Georgia, CompliancePoint brings specialization across cybersecurity, privacy and compliance, serving clients across a wide variety of industries. The addition strengthens Wipfli’s risk management offerings and expands its ability to help organizations navigate regulatory scrutiny, evolving cybersecurity threats and complex data protection requirements.

“Organizations today are under more pressure than ever to protect sensitive information and operate responsibly in an evolving regulatory environment,” said Kurt Gresens, CEO at Wipfli Advisory, LLC. “The team at CompliancePoint brings specialized experience and a strong, people-first approach that enhances how we support clients navigating today’s risk landscape.”

CompliancePoint has built its reputation on helping organizations manage risk across the full data lifecycle, with a holistic approach that recognizes how privacy, security and compliance intersect. The combined professional teams from CompliancePoint and Wipfli will deliver expanded, integrated advisory solutions designed to help clients proactively manage risk while supporting long-term growth and operational resilience.

“Wipfli shares our commitment to practical, client-focused solutions and long-term relationships,” said Greg Sparrow, CompliancePoint president. “Together, we’re expanding the resources available to our clients while continuing to deliver the specialized experience and trusted relationships they rely on.”

The addition of the CompliancePoint team also supports Wipfli’s continued investment in talent and innovation. CompliancePoint associates will join a national firm that emphasizes collaboration, professional development and meaningful client impact, while maintaining the specialized focus that has defined their work.

The transaction is expected to become effective on May 1st, 2026

About Wipfli

Wipfli is a leading national advisory and accounting firm with nearly 100 years of experience serving ambitious middle-market organizations. We understand our clients’ unique challenges and help them succeed on their terms through assurance, tax, advisory, outsourcing and technology services. With 3,000+ associates and global alliances, we combine national capabilities with local relationships. Wipfli operates under an alternative practice structure: Wipfli LLP, a licensed CPA firm, provides attest services, while Wipfli Advisory LLC, a non-CPA firm, delivers business advisory and non-attest services. Learn more at wipfli.com or contact Alicia O’Connell at alicia.oconnell@wipfli.com.

Media Contact

Alicia O’Connell
Wipfli
alicia.oconnell@wipfli.com

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Technology

Ginkgo Bioworks Announces Date of First Quarter 2026 Results Presentation

Published

3 hours ago

April 30, 2026

Presentation and Q&A session scheduled for post-market on Thursday, May 7, 2026

BOSTON, April 30, 2026 /PRNewswire/ — Ginkgo Bioworks Holdings, Inc. (NYSE: DNA, “Ginkgo”) today announced that it plans to host a presentation and Q&A session reviewing business performance for the first quarter ended March 31, 2026, on Thursday, May 7, 2026, beginning at 4:30 p.m. ET.

The presentation details and webcast link will be available on Ginkgo’s investor relations website at https://investors.ginkgobioworks.com, and a replay will be made available.

To ask a question ahead of the presentation, please submit them to @Ginkgo on X (hashtag #GinkgoResults) or by sending an e-mail to investors@ginkgobioworks.com.

About Ginkgo Bioworks
Ginkgo Bioworks builds the tools that make biology easier to engineer for everyone. The company offers autonomous laboratories that replace manual laboratory work with robotics in the lab, greatly improving the productivity of scientists. Ginkgo’s in-house autonomous lab is also available as a “cloud lab” through our Datapoints and Solutions contract research services. For more information, visit ginkgobioworks.com and ginkgobiosecurity.com, read our blog, or follow us on social media channels such as X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), or LinkedIn.

Ginkgo Bioworks Contacts:

INVESTOR CONTACT:

investors@ginkgobioworks.com

MEDIA CONTACT:

press@ginkgobioworks.com

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