CNN-Canopy enter asset deal to accelerate development of NewsCo
By Akshay Kedari  Date: 2020-04-08

CNN-Canopy enter asset deal to accelerate development of NewsCo

CNN International, an international pay television channel, has recently entered an asset acquisition agreement with Canopy and hired its development team of experts.

The asset acquisition was strategically made by CNN to accelerate the development of the project NewsCo, a forthcoming news & information platform. The platform will connect users to various trusted sources, creators, and storytellers that cover a wide range of topics. The recent effort to address the evolving users demand for trusted information sources has been carried out by CNN’s team of technologists and strategists, whose exclusive focus lies in forming new platforms and products to impel the future business growth.

Canopy is a Brooklyn- and Boston-based private personalization engine that delivers advanced internet service. Founded by Brian Whitman, the company consists of a team of proven experts who have backgrounds at Flipboard, Twitter, Google, Instagram, Spotify and other companies that have built several internet personalization layers that are currently in use. The company, which was launched in 2018, also has built a controllable, explainable, and private architecture to enable users discover information while maintaining the data security and protection. It can facilitate the delivery of best discovery experiences to users through its combination of human curation, differential privacy, and on-device machine learning.

According to Andrew Morse, EVP and Chief Digital Officer of CNN, the asset acquisition will considerably support its team of proven, best-in-class experts in developing the new platform by exploiting their deep knowledge and skills. Canopy can also help the business experts better understand the means to reach the goal through its culture of fast-cycle and iterative software & product development.

As per the statement made by Canopy’s Brian Whitman, the company is excited to join the team of experts at CNN and build trusted sources of information and issues for millions of users across the globe.

Source credit:

https://cnnpressroom.blogs.cnn.com/2020/04/07/cnn-acquires-canopy/

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Medtronic to acquire Companion Medical to expand diabetes business
Medtronic to acquire Companion Medical to expand diabetes business
By Akshay Kedari

Medtronic plc, the global leader in medical technologies, has reportedly announced that it is planning to acquire insulin pen manufacturer Companion Medical. The acquisition gives Medtronic access to Companion Medical’s ‘InPen’, wh...

RADCOM introduces automated assurance solution for 5G technology
RADCOM introduces automated assurance solution for 5G technology
By Akshay Kedari

5G technology has been in the headlines for quite a while. Next-generation technology has the potential to transform almost every sector across the world. However, as 5G becomes reality, it has become imperative for service providers to prevent degra...

Sprout to expand wellness solutions lineup by acquiring Vivametrica
Sprout to expand wellness solutions lineup by acquiring Vivametrica
By Akshay Kedari

Sprout, a Canadian company that focuses on delivering innovative solutions for workplace wellbeing, has recently announced the acquisition of predictive health data analytics firm, Vivametrica. According to reliable sources, Sprout plans to enhance t...

Uber halts decision to shift APAC headquarters from Singapore
Uber halts decision to shift APAC headquarters from Singapore
By Akshay Kedari

Uber Technologies Inc., the American ride-hailing giant, has reportedly halted the company’s decision to relocate its Asia Pacific headquarters from Singapore to Hong Kong until December 2022. Sources cite that the company’s decision was...

PCI Pharma extends global clinical supply-chain services in Europe
PCI Pharma extends global clinical supply-chain services in Europe
By Akshay Kedari

U.S. based biopharmaceutical and pharma outsourcing services company, PCI Pharma services has reportedly announced that it reached a noteworthy milestone through the development of COE (Clinical Center of Excellence) in Berlin. According to credible...