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Varsity Brands sells Herff Jones Graduation business to Atlas Holdings Acquisitions New Products News 

Varsity Brands sells Herff Jones Graduation business to Atlas Holdings

GaryPageau ,
Varsity Brands and Atlas Holdings jointly announced the signing of a definitive purchase agreement for the sale of the Varsity Brands’ Herff Jones Graduation Business, including the Scholastic and Collegiate brand portfolio and manufacturing facilities, to Atlas. Terms weren’t disclosed. The Graduation Business offers a range of caps and gowns, fine paper, jewelry, and frames. Varsity Brands, the market leader... Read More
Herff Jones to pay $100,000 to settle data-breach claims News 

Herff Jones to pay $100,000 to settle data-breach claims

GaryPageau
Pennsylvania Attorney General Josh Shapiro announced a settlement with Herff Jones, LLC, the producer and seller of yearbooks, class rings, caps and gowns, and other graduation memorabilia, after a data security event discovered in April 2021 exposed 30,295 Pennsylvania consumers’ payment card information. The investigation conducted by Attorney General Shapiro, in conjunction with the New York Attorney General’s office, revealed Herff... Read More
Canva announces $15 billion valuation; announces presentation suite News 

Canva announces $15 billion valuation; announces presentation suite

GaryPageau , , , 1 Comment
Canva, the global visual communications platform, announced an updated valuation of US $15 billion following a US $71 million investment. This latest valuation affirms Canva as one of the fastest-growing software companies in history, surpassing $500 million annualized revenue this year, the company said. Canva formally announced a suite of new features for its flagship workplace product, Canva Presentations. “Now more... Read More
Herff Jones hires Ken Moore as Chief Technology Officer News 

Herff Jones hires Ken Moore as Chief Technology Officer

GaryPageau
Herff Jones, the achievement division of Varsity Brands and the provider of graduation and educational products and services, appointed  Ken Moore as Chief Technology Officer. Moore reports to Herff Jones President Steve Down and Varsity Brands Executive Vice President and Chief Technology Officer Jaime Jaramillo. He will focus on creating and executing the roadmap to modernize and transform the company’s technology solutions... Read More
Canva inks deal with Herff Jones, buys Kaleido AI and Smartmockups News 

Canva inks deal with Herff Jones, buys Kaleido AI and Smartmockups

GaryPageau , , , , , ,
Fast-growing graphics startup Canva has announced new acquisitions and partnerships. Canva has made two acquisitions in Europe: Vienna-based Kaleido AI (best-known for its Remove.bg service) and  Czech Republic-based Smartmockups. The boot-strapped Kaleido, will enhance Canva’s platform with new integrations for advanced photo editing and AI-driven automation tools, to try and turn it into a ‘one-stop-shop for every design need’. The company said, in... Read More
Herff Jones judgment against Jostens upheld News 

Herff Jones judgment against Jostens upheld

GaryPageau , ,
Herff Jones, a division of Varsity Brands, announced the Alabama Supreme Court has upheld its unanimous verdict rendered a year ago in its favor in significant litigation against its biggest competitor, Jostens, Inc. The Alabama Supreme Court’s finding definitively resolves this matter and affirms the jury’s finding Jostens conspired and stole confidential and trade secret information, and interfered with Herff... Read More