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ID.me Announces $275 Million Financing from Ares Management

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MCLEAN, Va., Jan. 30, 2025 /PRNewswire/ — ID.me, the market leading digital identity wallet, today announced it has closed a $275 million credit facility provided by Ares Management funds (“Ares”). Ares also plans to make a substantial equity investment in ID.me. Proceeds will fuel ID.me’s continued acceleration, as ID.me is revolutionizing the way Americans securely prove their identity online, expanding digital access while protecting privacy and preventing fraud.

This financing comes amid significant business momentum, as ID.me has signed up over 139 million users into its digital wallet, with over 65 million of these users verified to the federal standards of IAL2 consumer authentication. ID.me’s revenue has grown over 450% from 2020 through 2024, as superior results for customers and members are driving rapid growth and adoption.

ID.me is the only digital wallet that meets the federal government standards for secure login and multi-factor authentication while offering online, video chat, and in-person options for identity verification at National Institute of Standards and Technology (NIST) Identity Assurance Level 2. True to ID.me’s purpose of enabling consumer trust across the digital economy, members can use ID.me’s digital wallet to safely login and prove their identity in seconds at any government, healthcare, commercial or non-profit organization in the ID.me network.

“This credit facility provided by Ares, combined with its anticipated equity investment, provides substantial capital to accelerate our roadmap and growth strategy, scaling ID.me to the next phase of growth and sustainable profitability,” said Blake Hall, Founder and CEO of ID.me. “Coming soon after our recent secondary tender, we are pleased that esteemed institutional investors are recognizing our market-leading outcomes expanding digital access, protecting privacy, fighting fraud, and ensuring frictionless user experience.”

Ares Management, a leading global alternative investment manager with more than $464 billion in assets under management as of September 30, 2024, brings decades of experience investing significant capital in high-quality software and technology opportunities.

“ID.me is a category and thought leader in the digital identity space, enabling government agency and commercial enterprise customers to navigate the demand for secure and inclusive digital access to their services while respecting end-user data privacy,” said John Clark, Principal at Ares Management. “As the world continues to be transformed by AI and vectors of fraud proliferate, we believe that ID.me’s digital identity wallets will become increasingly important in facilitating the consistent and fraud-resistant connections between these large organizations and their users. Ares is excited to work with Blake and the rest of the ID.me team, and we look forward to supporting ID.me’s next phase of growth.”

About ID.me
ID.me is the next-generation digital identity wallet that simplifies how individuals securely prove their identity online. Consumers can verify their identity with ID.me once and seamlessly login across websites without having to create a new login and verify their identity again. Over 139 million users experience streamlined login and identity verification with ID.me at 19 federal agencies, 44 state government agencies, and 66 healthcare organizations. More than 600 consumer brands use ID.me to verify communities and user segments to honor service and build more authentic relationships. ID.me’s technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. ID.me is committed to “No Identity Left Behind” to enable all people to have a secure digital identity. To learn more, visit https://network.id.me/.

About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2024, Ares Management Corporation’s global platform had approximately $464 billion of assets under management, with more than 3,100 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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SOURCE ID.me, Inc.

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Zum Celebrates Its Drivers Nationwide As Back-to-School Season Gets Underway

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Drivers in Fresno, Rockford and other cities share why they’re excited about the 2026–27 school year

REDWOOD CITY, Calif., Sept. 2, 2026 /PRNewswire/ — Zūm, a leader in student mobility, is kicking off the 2026–27 school year by spotlighting its drivers across the country dedicated to delivering reliable, transparent and efficient service for students, families and schools.

“As students return to school, we are proud of our amazing teams of drivers who are helping provide access to education for children and peace of mind for families each day,” said Ritu Narayan, Founder and CEO of Zum. “Drivers are the heart of our operation and often the first smiling face a child sees. They understand the importance of their work and we believe ours have a positive influence on the students they serve.”

Zum supports more than 6,500 schools across 19 states. This year, Zum welcomed several new school district partners, including Fresno Unified School District (CA), School District of Philadelphia (PA), Shawnee Mission School District (KS) and Rockford Public Schools (IL).

A few Zum drivers share why they enjoy working with students and families:

“I drive special needs students: elementary, middle and high school. The parents are great; they need a lot of help, and we provide it with door-to-door service. The training was excellent, and I work with a monitor who has been doing this for about 10 years, so I’ve learned a lot from him. Everything’s been inspiring—and at the end of the day, you feel good about yourself, because you’re helping all these kids.”
— Zum driver Chester Herbert (Rockford, IL)

“I like the atmosphere of the job: the co-workers, the staff, the children, the overall experience of delivering the kids every day to school safely. I also like the responsibility of it. I’ve definitely gotten to know some of the kids and have been building little bonds with them. I like driving and being a good part of the community.”
— Zum driver Antoine Robinson (Oakland, CA)

“I raised five kids and have 14 grandkids, so I’m always surrounded by children. I like greeting the kids in the morning and talking to them: ‘What did you do last night?’ ‘What did you have for dinner?’ They’ll tell me about Grandma and Grandpa, or Mom and Dad … At Zum, there’s a bunch of drivers, and we’re all a team, helping each other. Everybody’s dedicated to doing their job the best they can.”
— Zum driver Grace Maher (Fresno, CA)

“My job is so fulfilling. My first ‘Oh, wow!’ was the technology; my tablet tells me exactly where to go. Also, the buses are very important: We have brand new buses, EV buses, buses that have AC. I am a people person, and to make (the students) feel good, I try to know every single kid by name. You make them feel valuable, like you care. Then we start having conversations, and they are at peace when they see me.”
— Zum driver Pascale Dalle (Oakland and Redwood City, CA)

“This is my first year driving a school bus. I have six kids at home, so now I’m home early enough to spend more time with them. In this job, you’re working with kids. You have to be patient. Even my wife was like, ‘Oh, that would be perfect for you.’ I love going to work and the people I work around, and I love being able to be home on the weekends with my family.”
— Zum driver Juan Santillan (Fresno, CA)

At Zum, drivers benefit from modern facilities, digital tools, real-time communication, and technology that simplifies daily operations, allowing them to focus on what matters most: serving students safely and reliably.

“Zum has a driver-first approach to student mobility, and our drivers understand the essential role they play in families’ lives,” said Liz Sanchez, Executive Vice President of Student Mobility at Zum. “In the weeks and months leading up to the start of the school year, our drivers have been busy training and preparing so they’ll be ready for the first day.”

Zum is helping school districts improve reliability, strengthen communication with families and modernize one of the nation’s largest public mobility systems through its AI-powered Connected Mobility Experience (CMX™) platform. To learn more about how Zum is redefining student mobility, visit www.ridezum.com.

About Zum

Zum is redefining mass mobility with Zum CMX, which connects and coordinates people, vehicles, and operations in real time. In the student mobility market, Zum is addressing a daily source of anxiety and disruption by providing a reliable, transparent, and efficient mobility experience for students and families. Learn more at www.ridezum.com. Today, more than 6,500 schools in 19 states have relied on the Zum CMX system.

Media Contact

Jenny Mayfield
VP, Communications, Zum
press@ridezum.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/zum-celebrates-its-drivers-nationwide-as-back-to-school-season-gets-underway-302868268.html

SOURCE Zūm

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UNISORB Welcomes BILZ-USA to Expand Engineering and Product Solutions

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UNISORB Named Sole North American Distributor for BILZ

MICHIGAN CENTER, Mich., Sept. 2, 2026 /PRNewswire/ — UNISORB Installation Solutions, a global provider of machine mounting, vibration isolation, and precision leveling solutions headquartered in Michigan Center, Mich., today announced it has acquired BILZ-USA, effective August 30, 2026, making UNISORB the exclusive distributor of BILZ products across North America. The transition expands UNISORB’s engineering support and on-site project management capabilities for industrial customers seeking precision vibration isolation and leveling solutions. Full product and service details are available at www.UNISORB.com.

UNISORB is now the exclusive North American distributor of BILZ products.

“BILZ’s leveling and isolation technology closes a gap in our product line at the high-precision end of the market,” said John Hornberger, Chief Executive Officer of UNISORB. “Combining our installation and project management teams with BILZ’s engineering staff means customers get one point of contact for a project that used to require two vendors.”

What This Means for Customers

Decades of combined expertise. BILZ’s engineering staff join UNISORB’s engineering and project management teams, giving customers a single technical team backed by decades of hands-on experience in vibration isolation, leveling, and precision installation.A broader, unified product line. UNISORB’s lineup now spans BILZ’s full catalog, from basic leveling mounts to active isolation systems, alongside UNISORB’s existing machine mounting and installation solutions, giving customers access to a significantly wider range of solutions from a single source.More capability for BILZ customers. Longtime BILZ customers now gain direct access to UNISORB’s full engineering, manufacturing, and on-site project management resources; capabilities not previously available through BILZ alone.A unified approach to installation. Customers receive continuous support from initial site survey through final leveling and installation, managed by one team rather than coordinated separately across two vendors.Centralized North American distribution. Distribution from Michigan Center will consolidate logistics for customers ordering across North America as the transition is completed.One point of contact. BILZ orders will transition to being placed directly through UNISORB in the coming weeks, moving away from what was previously a two-vendor process for combined leveling and isolation projects.

About UNISORB

UNISORB Installation Solutions, headquartered in Michigan Center, Michigan, is a global provider of machine mounting, vibration isolation, and precision equipment leveling solutions for manufacturers across a range of industrial sectors. More information is available at www.UNISORB.com.

Media Contact

John Hornberger

Chief Executive Officer, UNISORB

jhornberger@unisorb.com

Tim Spahr 
Vice President – Sales & Marketing
tspahr@unisorb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/unisorb-welcomes-bilz-usa-to-expand-engineering-and-product-solutions-302868227.html

SOURCE UNISORB Installation Solutions

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Eliminate costly enclosures: ABB debuts IP66/Type 4X Drives for Australia’s harshest industrial environments

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New ACS580, ACH580 and ACQ580 IP66/Type 4X drives support food and beverage, HVACR, manufacturing, and water and wastewater applications exposed to harsh environmental conditions.

MELBOURNE, Australia, Sept. 3, 2026 /PRNewswire/ — ABB has introduced ACS580, ACH580 and ACQ580 drives with IP66/Type 4X protection, extending the range of motor control solutions available for applications operating in demanding environmental conditions. The new drives are designed for installations where motor control equipment may be exposed to dust, water, humidity, outdoor weather and other harsh conditions, providing greater flexibility when considering drive selection, installation design and equipment location.

Tailored for different industry requirements

The three drive families are designed to address the specific requirements of different industries and applications:

ACS580 IP66/Type 4X drives are designed for demanding food and beverage environments, supporting motor-driven applications including pumps, fans, compressors, mixers and conveyors operating across wet, washdown, indoor and outdoor production environments.ACH580 IP66/Type 4X drives are designed specifically for HVACR applications, supporting equipment operating in exposed and outdoor locations, including rooftop air handling units, cooling towers, exterior exhaust fans, outdoor pump skids and outdoor chiller units.ACQ580 IP66/Type 4X drives are designed for water and wastewater environments, supporting a broad range of applications including clarifiers, surface aerators, screens, flocculators, dosing systems, activated sludge pumps, lift stations and booster stations.

Many Australian facilities operate in environments that present challenging conditions for installed electrical equipment. The IP66/Type 4X design provides greater flexibility to locate drives closer to the application, where appropriate for the installation.

By reducing the need for additional protective enclosures or dedicated electrical rooms and enabling shorter motor cable runs, this approach can reduce site installation costs and complexity. It can also support faster installation and commissioning and a smaller overall system footprint.

The drives incorporate a range of built-in features designed to support installation, operation and integration, including coated circuit boards, integrated EMC C2 filtering, a built-in DC choke for harmonic mitigation, and Safe Torque Off (STO). The design also provides option slots for additional I/O and fieldbus communications, enabling the drives to be configured for different application requirements.

Optional Bluetooth-enabled control panels further support commissioning and interaction with the drives. When used with ABB’s Drivetune mobile application, Bluetooth connectivity provides a convenient way to access and work with drive settings. ABB’s drive software and connectivity tools can also support commissioning and diagnostic activities.

ABB is also highlighting the importance of distinguishing ingress protection ratings from other environmental performance characteristics when selecting equipment for demanding applications.

In Australia, an IP66 rating relates specifically to the enclosure’s protection against the ingress of dust and water, in accordance with AS/NZS 60529 and IEC 60529. The first digit, 6, denotes a dust-tight enclosure, while the second 6 denotes protection against powerful water jets.

Environmental characteristics such as UV, corrosion and chemical resistance should therefore be considered separately from the IP66 classification and assessed against the specifications and testing applicable to the individual product. This distinction is particularly relevant for equipment installed in outdoor, coastal, washdown or chemically exposed environments. ABB, for example, separately identifies corrosion, UV and chemical-resistance characteristics for its ACS580 IP66/Type 4X drive rather than treating these as properties conferred by the IP66 rating itself.

The ACS580, ACH580 and ACQ580 IP66/Type 4X drive range is available in power ratings from 5.5 kW to 22 kW, providing a solution for applications where protection against dust ingress and water exposure is an important consideration in the selection, installation and operation of variable speed drives.

Learn more: https://www.youtube.com/watch?v=9nCWb7g-MGI

About ABB
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries.

ABB Drives is a global technology leader serving industries, infrastructure and machine builders with world-class variable speed drives, drive systems and packages. We help our customers, partners and equipment manufacturers to improve energy efficiency, asset reliability, productivity, safety and performance.

Media Contact:
Natalie Landrito
Marketing and Communications Manager
contact.centre@au.abb.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/eliminate-costly-enclosures-abb-debuts-ip66type-4x-drives-for-australias-harshest-industrial-environments-302868246.html

SOURCE ABB

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