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Tag: acquisition

Get Hacked on Purpose? How Penetration Testing Can Protect You from a Real Attack

Reading Time: 3 minutes It can be hard to imagine a world in which an attempted hack attack occurs roughly every 39 seconds. But research shows that’s the world we live in. Some organizations stay in a permanent defensive crouch, running scans and madly installing security patches as needed. While those are good ways to prevent a cyber attack,...

The post Get Hacked on Purpose? How Penetration Testing Can Protect You from a Real Attack appeared first on Comodo News and Internet Security Information.

AI Assisted Content Creation Workflows

Publish or Perish – is this still true in 2019 and beyond? Certainly, content creators of all “genres” need to find and use...

How Hamburg Regained Control of its Energy Utility

Taking The Power Back: How Hamburg Regained Control Of Its Energy Utility By Anselm Sprandel, Director-General for Energy and Climate, Ministry of Environment and...

Mike Welch – A Legend Passes On

It took me a few days to even think about a world without Mike Welch.  Mike was truly a special man.  He was special not in a flashy way but special in a very specific way; he made everyone's life a little bit better.  He was a friend to me, a business mentor to me, a supplier in some instances and he was a model of community involvement for the community my family lived in for so many years.  He made our life better.

I feel a need to tell the story of how Mike and I met and started working together.  In 2004 I was the General Manager of a the Ford Service Parts Business working for Schneider Logistics (SLI).  Ford was building out their Daily Parts Advantage service model and asked SLI to somewhat replicate what we were already doing for GMSPO.  As the GM I had to find dedicated carriers to make all the deliveries nationwide to almost 5K dealers and we were having trouble finding a carrier in Evansville, Indiana.

Luckily, I had an acquaintance who used to sell truck parts but now owned a company called Segmentz.  They were a very small LTL company and at the time Ford wanted to really look at costs and so we took a chance on this small, unknown and very inexperienced company.  Right after we contracted with them they purchased Express-1 from Mike Welch.  This acquisition is what made Express-1 a public company and it turns out the only real profitable part of the merger / acquisition was the part we contracted with for the Ford Service Parts. 

This caused Mike to become President of the combined company and they shed just about everything that was Segmentz.  This is how I met Mike.  I was living in Novi, MI and Green Bay, WI at the time.

Fast forward to 2005 and I had decided to leave SLI and went to Whirlpool in St. Joe Michigan.  One morning I went to get my haircut and who was in the barber chair but Mike Welch!  I was shocked as I really had no idea they were based in Buchanan.  We talked a lot and it turns out Mike was deeply involved in my son's school and he was a great expedite provider to Whirlpool.  This meant I was able to rekindle both our professional work and our personal relationship.   So, what did I learn from Mike:

  1. He was a humble man and he taught me the art of humility.  While being wildly successful in the logistics business he never sought the spotlight.  He made his business better, he took care of his associates and he made his customer's businesses better. 
  2. He taught me about giving back.  While he clearly made a lot of money when he sold to XPO he always took care of the community.  He always was there when we needed him for the boys and girls clubs, the Lakeshore Foundation and anything else which would make the community better.  He was always there.
  3. He never forgot his friends.  While I considered him a friend I would not say we were super close however every time I saw him you would think we had been friends since grade school.  He always had time and he always engaged.
  4. Finally, he was a great businessman.  He was an entrepreneur, he served his customers, he was proud of what he built and he always was innovating.  I learned a lot about just down to earth business concepts from him.
So, we in the logistics and supply chain world lost a great one.  While the company (Express-1) was not as big, I would put Mike up with Don Schneider, J.B. Hunt and all the greats of our industry.  

Mike, you will be missed by all... God Bless you and your family and I hope to see you again...

Read about the history in Mike's own words at this Interview by the Wall Street Journal.

Where VC’s Will Invest in 2018: Blockchain, AI, Voice, Pets

Venture capital isn’t a monolith, but startup investors are compared to lemmings for a reason. Once a trend gets hot, every firm needs...

Western Digital: We’re just about DDN with these data centre systems

American drive-slinger Western Digital has pulled out of the storage systems business, telling the world last night that it is selling the IntelliFlash...

WD you like to purchase an NVMe-oF startup? Kazan! Western Dig just did

Western Digital has swallowed Kazan Networks to get a taste of its sweet NVMe over Fabrics Ethernet connectivity kit. Kazan builds Onyx NVMe...

Toshiba Memory Holding Corp slurps Taiwanese firm LITE-ON’s SSD biz

Toshiba Memory Holdings Corporation (TMHC) is buying LITE-ON's SSD business for $165m. Taiwan-based LITE-ON supplies optoelectronics, storage, semiconductors and other devices. The company...

A Pivotal moment for VMware: Software biz gobbled up along with Carbon Black for $5bn

Imaginary computer specialist VMware boosted its security and cloud software lineup today when it confirmed Thursday the purchases of Carbon Black and Pivotal...

NEXO Token Holders Receive US$2,409,574.87 in Dividends

Nexo, the crypto lending platform and provider of interest bearing wallets and the recent Nexo Card, which enables you to take out instant...

In the NIC of Time: Solarflare SmartNIC Now Part of Xilinx

When Xilinx determined that a key focus of the company moving forward would be enabling data center acceleration and that we would...

TikTok Owner ByteDance Seems to Have Bought AI Music Startup Jukedeck

TikTok’s parent company ByteDance might have acquired Jukedeck, an AI music startup behind a tool that can automatically...

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