Wednesday, September 7, 2022

The Scholarship Program of the Society of Insurance Financial Managers


 A New Jersey financial services leader, Edward Granaghan in Cream Ridge, NJ. to augment his professional activities and industry experience, Edward Granaghan holds active membership in the Society of Insurance Financial Managers (SIFM).


Established as the Society of Insurance Accountants in 1961, SIFM comprises financial and accounting professionals who work in the property and casualty sectors of the insurance and reinsurance industries. The Society of Insurance Financial Managers supports the next generation of financial professionals through its academic scholarships.


Through its board of directors, SIFM awards scholarships to college students who intend to pursue employment in the insurance arena. Specifically, the scholarship program reaches out to students at the St. John’s University School of Risk Management, Insurance and Actuarial Science in New York City and the Maguire Academy of Insurance and Risk Management at the Saint Joseph’s University Haub School of Business in Philadelphia, Pennsylvania. The SIFM board of directors awards scholarships annually with a maximum financial benefit of $2,500 per school. These merit-based scholarships take both academic performance and financial needs into consideration.


Monday, February 14, 2022

Barbershop-Focused Technology Firm


Cream Ridge, NJ resident Edward Granaghan keeps abreast with upcoming companies that use technology to make everyday activities more efficient.. Among the companies that is very impressive in addressing the inconvenience and wait times while getting a haircut is Squires Technology.

Squire's app has made getting an appointment at a local barbershop so easy and convenient, it was able to raise $60 million in July 2021 in its latest round of funding. It increased the firm’s total funds raised to $165 million and tripled company valuation to $750 million. The proceeds are to continue to scale its engineering and sales team. Tiger Global led the round of funding, which included existing investors ICONIQ Capital, Trinity Ventures, and Charles River Ventures. Before the fundraising, the company had already grown, catering to more than 2,000 partners, spanning three continents, in 40 primary markets.

Founded in 2015, Squire offers full-scale barbershop management, including CRM, scheduling, payroll, and more, along with a POS system allowing its clients to scale their business while lessening the time needed for back-office operations. The platform serves stand-alone locations, independent professionals, and multi-location franchises.

Friday, January 21, 2022

DataGryd Completes Construction of DataSuite 6


With experience helping companies to be more efficient and streamline their business processes, Edward Granaghan is a Cream Ridge, NJ, finance operations professional with many years of experience. With an interest in high growth technology companies, Edward Granaghan follows the progress made by DataGryd. In July 2019, DataGryd completed construction of DataSuite 6, the largest data storage facility in New York, NY.

Located in Manhattan, DataSuite 6 is a facility with 72,000-square-feet of space. A company can rent use of a suite in the facility and request a particular size for data storage. For maintaining operation uptime, the data storage hardware is powered by separate generators, cooled by cooling towers, and receives power directly from the local utility company. In this way, even if power is lost to DataSuite 6, companies can still access their data stored at the facility.

DataSuite 6 can support up to 5 megawatts of power per suite. DataGryd offers suites to prospective renters with at least 100 kilowatts of power, while ensuring energy efficiency and a simple setup procedure.

Monday, September 20, 2021

Squire Valuation Triples to $750 Million

A resident of Cream Ridge, New Jersey (NJ), Edward Granaghan , finds what Squire co-founders have accomplished in the past few years very impressive.

CEO Songe LaRon and president Dave Salvant founded Squire Technologies in 2016. A barbershop tech platform, the business has a staff of 175 and is used by more than 2,000 barbershops. It makes software for these businesses that aid in such things as managing customer payments and coordinating client scheduling. While the COVID-19 stay-at-home orders did negatively impact Squire’s revenues, the business has been steadily growing as barbershops resume operations and enjoy increasingly higher occupancy allotments.

Unsurprisingly, Squire announced an increased valuation in July 2021. Thanks to a new round of funding, its total valuation rose to $750 million. This increase happened less than a year after the last round of venture funding that Squire pursued and resulted in the company’s total valuation tripling. Tiger Global led the new Series D round of funding, which included participation by Trinity Ventures, Iconiq, and CRV.