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Commercetools
Commercetools, stylized as commercetools, is a cloud-based headless commerce platform that provides APIs to power e-commerce sales and similar functions for large businesses. Both the company and platform are called Commercetools. The company is headquartered in Munich, Germany with additional offices in Berlin, Germany; Jena, Germany; Amsterdam, Netherlands; London, England; Durham, North Carolina; Zürich, Switzerland; Sydney, Australia; Shanghai, China and Singapore. Through its investor REWE Group it is associated with the omnichannel order fulfillment software solutions provider and the payment transactions provider . Its clients include Audi, Bang & Olufsen, Carhartt and Nuts.com. Commercetools is a founding member of the MACH Alliance. History Commercetools was founded by Dirk Hoerig and Denis Werner in 2006. It launched its platform in 2013. In 2014, Commercetools was wholly bought by REWE Digital, part of Germany’s REWE Group. Hoerig is credited with coining the te ...
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REWE Group
The REWE Group is a German diversified retail and tourism co-operative group based in Cologne, Germany. The name REWE comes from "Revisionsverband der Westkauf-Genossenschaften", meaning "Western Buying Co-operatives Auditing Association". History REWE-Zentralfinanz eG forms the parent company of the co-operative, whilst the operational business is controlled by the subsidiary entitled REWE-Zentral AG. The international business is bundled under the umbrella of Rewe International. The basis of the co-operative trade group consists of a network of independent retailers. Sales lines include Billa, Penny, Rewe, Toom, DER Touristik Germany, as well as ITS Reisen and Lekkerland. In the 2022 financial year, the REWE Group had total external sales of €84.4 billion. The REWE Group is the second largest supermarket chain in Germany behind EDEKA. 1927–1945 In 1927, the Auditing Association of Westkauf Cooperatives, also known as Rewe, began offering purchasing services in ...
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Headless Commerce
Headless commerce is an e-commerce Building information modeling, architecture where the Front end and back end, front-end (head) is decoupled from the back-end commerce functionality and can thus be updated or edited without interfering with the back-end, similar to a Headless content management system, headless content management system (CMS). The term was coined by Dirk Hoerig, Organizational founder, co-founder of Commercetools, in 2013. History Headless commerce was arguably born out of a 2013 Forrester Research report that bemoaned e-commerce vendors falling behind user experience trends and recommended “loosely” coupling the back- and front-ends of e-commerce stores. Architecture Headless commerce architecture passes requests between a platform's Presentation layer, presentation and application layers. The presentation layer is connected with the e-commerce functionality via Representational state transfer, REST APIs, or application programming interfaces, which defi ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Sydney
Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean in the east to the Blue Mountains (New South Wales), Blue Mountains in the west, and about 80 km (50 mi) from Ku-ring-gai Chase National Park and the Hawkesbury River in the north and north-west, to the Royal National Park and Macarthur, New South Wales, Macarthur in the south and south-west. Greater Sydney consists of 658 suburbs, spread across 33 local government areas. Residents of the city are colloquially known as "Sydneysiders". The estimated population in June 2024 was 5,557,233, which is about 66% of the state's population. Estimated resident population, 30 June 2017. The city's nicknames include the Emerald City and the Harbour City. There is ev ...
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Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovation, innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology. Pre-seed and seed money, seed rounds are the initial stages of funding for a startup company, typically occurring earl ...
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Data Center
A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems. Since IT operations are crucial for business continuity, it generally includes redundant or backup components and infrastructure for power supply, data communication connections, environmental controls (e.g., air conditioning, fire suppression), and various security devices. A large data center is an industrial-scale operation using as much electricity as a medium town. Estimated global data center electricity consumption in 2022 was 240–340  TWh, or roughly 1–1.3% of global electricity demand. This excludes energy used for cryptocurrency mining, which was estimated to be around 110 TWh in 2022, or another 0.4% of global electricity demand. The IEA projects that data center electric use could double between 2022 and 2026. High demand for electricity from data centers, incl ...
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Melbourne
Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victoria (state), Victoria, and the second most-populous city in Australia, after Sydney. The city's name generally refers to a metropolitan area also known as Greater Melbourne, comprising an urban agglomeration of Local Government Areas of Victoria#Municipalities of Greater Melbourne, 31 local government areas. The name is also used to specifically refer to the local government area named City of Melbourne, whose area is centred on the Melbourne central business district and some immediate surrounds. The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads into the Mornington Peninsula, part of West Gippsland, as well as the hinterlands towards the Yarra Valley, the Dandenong Ranges, and the Macedon R ...
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Protologism
In linguistics, a protologism is a newly used or coined word, a nonce word, that has been repeated but has not gained acceptance beyond its original users or been published independently of the coiners. The word may be proposed, may be extremely new, or may be established only within a very limited group of people. A protologism becomes a ''neologism'' as soon as it appears in published press, on a website, or in a book, independently of the coiner—though, most definitively, in a dictionary. A word whose developmental stage is between that of a protologism (freshly coined) and a neologism (a new word) is a ''prelogism''. Overview Protologisms constitute one stage in the development of neologisms. A protologism is coined to fill a gap in the language, with the hope of its becoming an accepted word. As an example, when the word ''protologism'' itself was coined—in 2003 by the American literary theorist Mikhail Epstein—it was autological: an example of the thing it desc ...
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MACH Alliance
The MACH Alliance is a non-profit profit advocacy group whose members include software vendors, systems integrators, agencies, and individual experts known as "Ambassadors", advocating for open technology ecosystems. The Alliance was formed in June 2020 and has, as of July 2024, over 111 members spanning six continents. The Alliance sets standards, certifies companies who can deliver open and transformative technologies and solutions at scale, and guides brands toward transformative, open, and best-of-breed solutions that will drive the next era of business evolution. By raising awareness and educating the global marketplace, the Alliance aims to foster a deeper understanding of MACH and composable best practices, enabling modern organizations to plan for their long-term digital success and achieve better business outcomes. Our MACH-certified members are trusted industry leaders who provide much-needed clarity and direction in a complex market.  As the backbone of our open and ...
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Carhartt
Carhartt, Inc. is an American clothing company founded in 1889, known for heavy-duty work wear such as jackets, coats, overalls, coveralls, vests, shirts, jeans, dungarees, fire-resistant clothing and hunting apparel. Carhartt remains a family-owned company, owned by the descendants of founder Hamilton Carhartt, with its headquarters in Dearborn, Michigan. It is known for its slogan "True to This". Founding and history Carhartt was founded by Hamilton Carhartt in 1889 in Detroit, Michigan, to make work clothing for manual laborers. The company started with two sewing machines and five workers. Carhartt's first slogan was "Honest value for an honest dollar." The company's initial expansion in the 1890s focused on railroad workers' need for strong and long-lasting work clothes. Carhartt worked closely with local railroad workers to ensure that his work bibs met their needs. Within 20 years of its founding, Carhartt had expanded its facilities into eight other cities, including locatio ...
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Bang & Olufsen
Bang & Olufsen (B&O) is a Danish high-end consumer electronics company that designs and manufactures Sound recording and reproduction, audio products, television sets, and telephones, originally from Denmark, founded in 1925 by Peter Bang (engineer), Peter Bang and Svend Olufsen, who designed a radio to work with alternating current, a product of significance at a time when most radios were still running on battery (electricity), batteries. History Early history Peter Bang (1900–1957), son of Camillo Bang, a successful Danish businessman, showed great interest in radio technology from an early age. After graduating as an engineer in 1924, he spent six months working in a radio factory in the USA. When he returned to Denmark, he collaborated with his friend Svend Olufsen (1897–1949), whose parents made the attic of their manor house in Struer, Denmark, Struer in Jutland available for experiments. When they officially opened their business in 1925, Bang focused on the technol ...
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Audi
Audi AG () is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. A subsidiary of the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide. The origins of the company are complex, dating back to the early 20th century and the initial enterprises ( Horch and the ''Audiwerke'') founded by engineer August Horch. Two other manufacturers ( DKW and Wanderer) also contributed to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Auto Union was acquired by Volkswagen from Daimler-Benz. After relaunching the Audi brand with the 1965 introduction of the Audi F103 series, Volkswagen merged Auto Union with NSU Motorenwerke in 1969, thus creating the present-day form of the company. The company name is based on the Latin translation of the surname of the founder, August Horch. , meaning 'listen', becomes in Latin. The four rings of the Audi logo each represent one of four car ...
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