Technology

J.S. Held Adds Depth of Forensic Engineering Expertise in Canada with Acquisition of Element Forensic Engineering

Published

2 hours ago

August 13, 2026

Combination expands technical and financial forensic expertise for insurers and counsel across Canada.

NEW YORK, Aug. 13, 2026 /PRNewswire/ — Global consulting firm J.S. Held announces the acquisition of Element Forensic Engineering (Element), a Canadian firm with offices throughout the Toronto area and an additional office in Calgary, recognized for its work with insurers and counsel across structural, fire investigations, code interpretation, environmental, mechanical, electrical, and building science matters. Building upon earlier acquisitions, this transaction further expands J.S. Held’s Canadian Forensic Architecture & Engineering platform and connects Element’s clients to the firm’s global bench of technical and financial experts, with capabilities including property loss evaluation, contents and inventory valuation, business interruption and economic damages, environmental and contamination claims, and causation and liability analysis.

Founded by Jeff Martin and Jeremy Bishop, Element has built a team of 40+ professionals serving insurers and counsel across both insurance claims and disputes, with a primary hub of operations in the Greater Toronto Area and a national footprint extending through its Calgary office. The firm has earned a strong reputation for industry-leading service, innovative solutions, and responsiveness, anchored in a commitment to bringing together the right people with the best solutions to achieve effective results for the insurers and counsel it serves.

Lee Spirer, Chief Executive Officer of J.S. Held, said, “We admire how the Element team works, with a commitment to collaboration and to bringing together the right people to achieve effective results for their clients. That mindset is a strong cultural match for J.S. Held, and the combination meaningfully deepens the technical and financial expertise available to insurers, counsel, and corporate clients across Canada.”

The acquisition adds meaningful capacity to J.S. Held’s Canadian forensic engineering bench and positions the combined team to serve national clients with closer-to-the-loss resources, managing travel costs and expediting timelines that are important to insurance carriers managing files across the country. Jim Stanilious, Insurance Services Division Leader, noted that the synergy extends well beyond efficiencies: “While this combination adds meaningful capacity to serve insurers and counsel across Canada, it also pairs Element’s capabilities in structural, fire, environmental, mechanical, electrical, and building science with the broader J.S. Held platform, including building consulting, contents valuation, environmental health and safety, accident reconstruction, and forensic accounting. For carrier and counsel clients, that means closer-to-the-loss resources from one team able to address the full scope of a complex claim.”

For insurers and counsel, the combination means a single team able to address the full technical and financial dimensions of a claim. Element’s forensic engineering work connects directly to J.S. Held’s Building Consulting practice, the firm’s largest insurance-facing practice in Canada, along with capabilities Element’s clients have frequently needed to source elsewhere, including contents valuation, environmental health and safety, and accident reconstruction for premises liability matters. The result keeps Element’s responsiveness and trusted relationships in place while extending the firm’s reach into the broader building science, mechanical, electrical, and cause and origin work clients increasingly require. Reflecting on what the combination means for Element’s clients, Jeremy Bishop, Managing Partner of Element Forensic Engineering, said, “The greatest value proposition for our clients as we join J.S. Held is scaling our depth of expertise. I think of this like going from a small family medical office to the deep and layered expertise of being treated at a hospital. Our clients keep the relationships and the responsiveness they expect from Element, and they gain access to a global bench of specialists they can call on as their matters grow in complexity.”

For the Element team, joining J.S. Held also brings access to mentorship, training, and technology platforms that support both team development and client service. Jeff Martin, Managing Partner of Element Forensic Engineering, framed the benefit to the firm’s professionals and the clients they serve, observing, “J.S. Held brings to our team members and ultimately our clients a mature and scaled approach to technology-enabled client service. From the implementation of AI to support team members and manage proprietary client information, to more robust training programs and a breadth of industry expertise we can all learn from.”

With the addition of Element Forensic Engineering, J.S. Held strengthens its position as a leading forensic engineering platform in Canada, expanding the firm’s ability to address insurance claims and disputes across the country. The combined team brings together Element’s established forensic engineering practice and J.S. Held’s global technical and financial expertise to deliver a single, multidisciplinary resource for insurers, counsel, and corporate clients.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC Top 50 Property & Casualty Insurers), and 71% of Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB or Ocean Tomo Investments, a part of J.S. Held, member FINRA/SIPC. All rights reserved.

Contact:

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com

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SOURCE J.S. Held

Technology

M1X Global : STS Digital to Accept and Pledge USDM1 Across Derivatives and Structured Products Books

Published

8 minutes ago

August 13, 2026

Bermuda-regulated principal dealer adopts the world’s first natively issued, USD-denominated sovereign bond as collateral under industry-standard derivatives and financing documentation

NEW YORK, Aug. 13, 2026 /PRNewswire/ — STS Digital Ltd., a Bermuda-regulated principal trading firm specializing in digital asset derivatives, structured products, and institutional liquidity solutions, today announced that it will accept USDM1 from eligible counterparties and pledge the instrument as collateral across its over-the-counter derivatives, structured products, and financing relationships. Through its institutional-grade trading infrastructure and principal market-making model, STS Digital provides institutional counterparties with access to deep liquidity, advanced derivatives capabilities, and bespoke solutions across digital asset markets. The adoption of USDM1 further expands STS Digital’s commitment to bridging traditional financial infrastructure with the next generation of digital asset markets.

USDM1 brings on-chain collateral with 24/7 transferability into established institutional derivatives frameworks. Although corporate digital dollar instruments are transferable on-chain, for institutions, perfecting security interests in them can present challenges. As instruments, they are often not covered in industry netting opinions. As a result, their ability to provide collateral and capital efficiencies is often limited.

USDM1 can be used as initial or variation margin under standard derivatives documentation supporting legally enforceable netting sets, and may reduce unsecured counterparty exposure and the amount of other collateral required to support a portfolio.

The economic significance of close-out netting is well established in traditional derivatives markets. Bank for International Settlements data show that, at year-end 2025, legally enforceable netting reduced the gross market value of outstanding OTC derivatives by approximately 85.3%, or $19.4 trillion. USDM1 brings on-chain collateral into the frameworks supporting these efficiencies.

USDM1 is compatible with repo and secured-financing arrangements under standard GMRA and GMSLA documentation and accrues a sovereign coupon. It enables title-transfer repo, collateral substitution and reuse within established institutional frameworks. When held unencumbered, USDM1 maintains look-through to the credit of pledged US Treasury instruments and supports treatment as Level 1 HQLA under Basel standards.[1]

Maxime Seiler, CEO of STS Digital, said:

“As a principal derivatives dealer, collateral efficiency directly affects how we price, fund and scale our book. Accepting USDM1 from eligible counterparties, pledging it across our own trading and financing relationships and utilizing it in structured products supports more efficient inventory financing, tighter client pricing and greater trading capacity per dollar of balance sheet.”

Jordan Goldman, President and Chief Operating Officer of M1X Global, said:

“STS Digital is one of the most active and sophisticated crypto derivatives dealers. As digital assets enter a new phase of institutional adoption, USDM1 connects on-chain markets with the legal, collateral and risk-management frameworks regulated institutional counterparties require while preserving the benefits of 24/7 settlement.”

About USDM1

USDM1 is a fully collateralized, USD-denominated sovereign bond natively issued on-chain by the Republic of the Marshall Islands. It is structured in the style of a Brady bond under New York law, with an explicit customary waiver of sovereign immunity, and secured on a 1:1 basis by short-duration US Treasury instruments pledged by a US trust company in a bankruptcy-remote structure.

The Republic of the Marshall Islands operates exclusively on the US dollar standard under its Compact of Free Association with the United States. As a dollar-denominated sovereign obligation, USDM1 does not carry foreign-exchange or convertibility risk. Holders maintain enforceable rights to par redemption against a sovereign issuer and a perfected, first-priority security interest in Treasury collateral under UCC 8/9. For more on USDM1, see https://mof.gov.mh/usdm1-whitepaper/.

USDM1 is compatible with ISDA, GMRA and GMSLA agreements for derivatives, repo and secured lending, and is eligible for robust US close-out netting protections. Cleary Gottlieb Steen & Hamilton LLP serves as issuer’s counsel and advised with respect to the structuring of the instrument under New York law, with the participation of partners specializing in sovereign debt, UCC and secured transactions, creditors’ rights, netting and digital asset markets.

About STS Digital

STS Digital Ltd. is a regulated principal trading firm specialised in digital asset derivatives and structured products, providing institutional-grade market access to professional clients and financial institutions. Clients can trade more than 400 tokens across vanilla and exotic options, spot, and structured products through a unified platform spanning UI, API, and voice channels. Founded by derivatives veterans, STS Digital delivers deep liquidity, competitive pricing, and rigorous risk management to ensure a seamless trading experience.

STS Digital Ltd. is licensed under the Bermuda Monetary Authority (BMA), holding a Full DABA “F” Licence – the highest level of authorisation available in the jurisdiction. The BMA is a tier-one financial regulator with active membership in the IAIS, FSB, and OECD, and holds full Solvency II equivalence with the European Union.

STS Digital is backed by leading industry investors including CMT Digital, Kraken’s parent Payward, Arrington Capital, Strobe Ventures, F-Prime, and BitRock Capital.

W: https://www.stsdigital.io/

About M1X Global

M1X Global is a sovereign financial infrastructure and technology company bridging public finance and on-chain capital markets. Operating in public-private partnership with the Republic of the Marshall Islands, M1X coordinates the legal, compliance, technology, custody and institutional infrastructure behind sovereign digital instruments.

Disclaimer

Statements in this release regarding the legal, accounting, regulatory and capital characteristics of USDM1 are provided by the issuer and its advisors and have not been independently verified by STS Digital.

Securities Act

The content of this communication is for informational purposes only and is not intended to market, offer, or solicit you to buy or sell USDM1 or any financial product directly from M1X Global, STS Digital, the Republic of the Marshall Islands or otherwise.

USDM1 is being offered and sold solely outside the United States in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). The Republic of the Marshall Islands has not registered any offering of USDM1 under the U.S. Securities Act, or any other U.S. federal and state securities laws. Accordingly, USDM1 may not be offered, sold, pledged or otherwise transferred in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S), unless they are registered, or exempt from, or not subject to, registration under the Securities Act.

Nothing in this communication constitutes, or should be construed as, a recommendation by M1X Global, STS Digital, the Republic of the Marshall Islands or any third party to acquire or dispose of USDM1 or any other security, or to engage in any investment strategy or transaction.

Prospective investors are urged to carefully read the offering memorandum prepared in connection with the offering of USDM1 in its entirety, including all annexes, appendices, and supplements thereto, before making any investment decision. The offering memorandum contains important information regarding, among other things, the terms of the securities, the risks associated with an investment therein, and the financial condition and business of the issuer. Prospective investors are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for them based on their investment objectives and personal and financial situation. Prospective investors should consult an attorney or tax professional regarding their specific legal or tax situation.

Forward-Looking Statements

This release contains forward-looking statements, including statements regarding the intended acceptance, pledging and use of USDM1 by STS Digital. Forward-looking statements are not historical facts. Words such as anticipates, believes, estimates, expects, intends, plans, will and similar expressions are intended to identify them. Such statements reflect current views and are subject to risks and uncertainties, and rest on assumptions including general economic and market conditions, industry conditions and operating factors. There is no guarantee that the expected events or results will occur, and any change in those assumptions could cause actual results to differ materially from current expectations.

[1] HQLA classification is subject to the applicable regulations and regulatory determinations of each financial institution’s prudential supervisor. Nothing in this communication constitutes a representation that USDM1 qualifies as Level 1 HQLA under applicable U.S. banking laws.

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SOURCE M1X Global

Technology

Automotive Software Market worth $83.26 Billion by 2033 | MarketsandMarkets™

Published

8 minutes ago

August 13, 2026

DELRAY BEACH, Fla., Aug. 13, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global automotive software market size is projected to grow from USD 43.22 Billion in 2026 to USD 83.26 Billion by 2033 at a CAGR of 9.8%.

Browse 250 market data Tables and 200 Figures spread through 350 Pages and in-depth TOC on ‘Automotive Software Market’

Automotive Software Market Size & Forecast:

Market Size Available for Years: 2026-20332026 Market Size: USD 43.22 Billion2033 Projected Market Size: USD 83.26 BillionCAGR (2026–2033): 9.8%

Automotive Software Market Trends & Insights:

The vehicle telematics segment is expected to have a significant share in the global automotive software market.The passenger car segment is expected to be the largest vehicle type in the automotive software market.Germany is projected to be a leading automotive software market in Europe.

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The automotive software market is shifting toward flexible software platforms that can be used by OEMs and Tier 1 suppliers across multiple vehicle models. OEMs such as Volkswagen Group, BMW, and Mercedes-Benz are adopting common software architectures to reduce repeated development, while Tier 1 suppliers such as Bosch and Aptiv are expanding reusable middleware, operating systems, ADAS, and vehicle application software. Cloud-based development tools are helping manufacturers reduce engineering effort and deploy new features faster. OEMs are also generating new revenue through software updates, digital services, and subscriptions, such as BMW ConnectedDrive upgrades and Mercedes-Benz software-enabled features. This is increasing demand for scalable software platforms, continuous validation, and OTA management throughout the vehicle lifecycle.

The vehicle telematics segment is expected to have a significant share in the global automotive software market.

The vehicle telematics EV application is expected to witness significant growth in the automotive software market during the forecast period, driven by the increasing use of software-enabled telematics control units (TCUs) for vehicle connectivity, remote monitoring, diagnostics, and digital services. Telematics software processes vehicle, battery, location, and driving data to enable real-time vehicle health monitoring, predictive diagnostics, remote control functions, and personalized connected services. OEMs are increasingly integrating software-based telematics capabilities into electric vehicles to improve battery monitoring, identify potential vehicle issues before failure, support over-the-air software updates, and enable remote vehicle functions. For instance, Toyota uses connected vehicle software in models such as the RAV4, Prius, and Yaris Cross to support remote vehicle monitoring and connected services. BYD integrates connected software capabilities into electric models such as the Tang DM i to support vehicle monitoring and digital services. Tesla uses an integrated software platform to support remote diagnostics, over-the-air updates, navigation, vehicle monitoring, and remote vehicle functions. The increasing use of telematics software to process vehicle data and automate monitoring, diagnostics, and remote services is expected to support the growth of software-based connected vehicle applications in EVs.

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The passenger car segment is expected to be the largest vehicle type in the automotive software market.

Passenger cars represent the largest segment of the automotive software market due to their high production volumes and increasing software integration across vehicle systems. Rising passenger vehicle production is accelerating the deployment of software across infotainment, digital cockpit, connectivity, vehicle control, and software management applications. High software content in passenger vehicles is also enabling OEMs to use common software platforms across multiple models, reduce development effort, and introduce new features through OTA updates and digital services. Software innovation is expanding the in-vehicle experience through connected entertainment, personalized digital services, and interactive cockpit functions. For instance, in July 2026, KPIT partnered with Tata Motors Passenger Vehicles to integrate the AirConsole in-car gaming platform into the Sierra. ev. The software is embedded within the vehicle infotainment system, allowing passengers to play multiplayer games using the vehicle display and their smartphones. This strengthens software-defined cockpit capabilities and enhances the digital user experience. As software content per vehicle continues to increase, passenger cars are expected to contribute to the automotive software market throughout the forecast period.

Germany is projected to be a leading automotive software market in Europe

Germany is expected to be one of the leading countries in the automotive software market in Europe, supported by its strong premium vehicle industry and continued investment in electric vehicle technologies. Premium OEMs such as Mercedes-Benz, BMW, Audi, and Porsche are increasing software use across ADAS and safety systems, battery management systems, body control systems, infotainment, engine management and power, and vehicle management and telematics. These applications are helping OEMs improve vehicle performance, develop connected features, and deliver software-based functions through OTA updates. Germany is also seeing more partnerships between automotive companies and technology providers to develop software for advanced electric vehicles. For instance, in May 2026, Eaton partnered with Munich Electrification to develop software-enabled battery management and power protection solutions for electric vehicles. The partnership combines Eaton’s power management technologies with Munich Electrification’s battery management systems and embedded software to improve battery safety, efficiency, diagnostics, and lifecycle management. The growing integration of embedded software with battery management systems is expected to support automotive software demand in Germany.

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Top Companies in Automotive Software Market:

The Top Companies in Automotive Software Market are Robert Bosch GmbH (Germany), NVIDIA Corporation (US), NXP Semiconductors (Netherlands), Mobileye (Israel), and AUMOVIO (Germany).

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Related Reports:

Software Defined Vehicle Market

Vehicle Telematics Market

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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Technology

Prochant Named to Inc. 5000 for Sixth Consecutive Year

Published

8 minutes ago

August 13, 2026

CHARLOTTE, N.C., Aug. 13, 2026 /PRNewswire/ — Prochant, a leading technology-enabled revenue cycle management partner for home-based care providers, today announced that it has been named to the 2026 Inc. 5000 list of the fastest-growing private companies in America, marking the company’s sixth consecutive year on the prestigious ranking.

The recognition extends a six-year track record of sustained growth as Prochant has continued to expand its technology, services and capabilities to help home-based care providers improve financial and operational performance.

“Earning a place on the Inc. 5000 six years in a row is a meaningful achievement for our entire team,” said Joey Graham, Prochant’s Chief Executive Officer. “Sustained growth like this does not happen by accident. It comes from earning our clients’ trust, delivering measurable results and continuing to invest in the people and technology that make those results possible. This recognition validates what we have built together and, more importantly, reinforces how much opportunity remains ahead of us.”

Prochant’s continued growth has also positioned the company for its next phase. In July, Prochant announced a strategic growth partnership with Longshore Capital Partners to support further investment in people, technology, operational scale and expanded service capabilities. Prochant’s leadership team remains in place and continues to execute the company’s strategic vision, with Longshore providing additional resources and strategic support.

“Our growth gives us the opportunity to think bigger about what Prochant can become and how much more value we can create for our clients,” Graham added. “With Longshore’s support, we can accelerate investments already underway in technology, AI, automation and service capabilities while staying focused on what has driven our success from the beginning: deep revenue cycle expertise, exceptional execution and measurable client outcomes.”

This year’s Inc. 5000 recognizes companies that achieved significant growth while navigating a rapidly changing economic environment. Companies on the 2026 list posted a median three-year revenue growth rate of 130% and collectively added 627,208 jobs to the U.S. economy over the past three years.

“Every company on the Inc. 5000 has a story of perseverance, smart decision making and a refusal to sit still,” said Mike Hofman, Editor-in-Chief of Inc. “Their growth reflects more than strong financial performance, it reflects creativity, resilience and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement.”

Looking ahead, Prochant plans to build on the momentum behind six consecutive Inc. 5000 appearances by accelerating investment in technology, AI and automation, expanding its capabilities and continuing to deliver measurable financial and operational outcomes for home-based care providers.

Media Contact
Greg Krantz
Vice President, Marketing
Prochant
gregk@prochant.com
980.880.6724

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate and elevate the profile of its community: the risk-takers, the innovators and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

About Prochant, LLC

Established in 1999, Prochant delivers focused revenue cycle management (RCM) solutions to healthcare providers for the home-based care industry. Our expertise lies in providing end-to-end RCM for home medical equipment, infusion and pharmacy and home health and hospice, consistently delivering exceptional results to some of the leading healthcare providers in the country. We combine innovative, AI-driven technology in workflow and analytics and deep industry knowledge to streamline the time-consuming and expensive reimbursement process. As a result, we help healthcare providers accelerate their collections, increase revenue and reduce operational costs while managing risk. For more information, visit www.prochant.com.

Inc. 5000 List Methodology

Companies on the 2026 Inc. 5000 are ranked according to percentage revenue growth from 2022 to 2025. To qualify, companies must have been founded and generating revenue by March 31, 2022. They must be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2025. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2022 is $100,000; the minimum for 2025 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

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