Monitor | Jotup

Heritage Cannabis Obtains Creditor Protection to Pursue Restructuring and Sales Process

Retrieved on:

Tuesday, April 2, 2024

The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company’s financial position, while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors.

Key Points:

The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company’s financial position, while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors.
The Initial Order also extends the stay of proceedings to certain U.S. affiliates of the Company who are not applicants in the CCAA proceedings.
Heritage intends to seek approval of a sale and investment solicitation process (the “SISP”), which, if approved, would allow interested parties to participate in the process in accordance with the SISP procedures.
Additional details in respect of the SISP will be disclosed in due course.

Independent Monitor certifies Ericsson's Compliance Program

Retrieved on:

Thursday, March 28, 2024

Certification, Risk management, Monitor, Record, DOJ, FCPA, Book, Management

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) violations) has certified that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively.

Key Points:

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) violations) has certified that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively.
This independent certification is a condition to conclusion of the Monitorship and Plea Agreement, currently expected to occur no later than June 2, 2024.
The role of the independent Monitor over the past four years has been to comprehensively review, assess, evaluate and test all aspects of the company's global anti-corruption compliance program and internal controls.
In fulfilling its duties, the independent Monitor team has had full access to the company's Board, executives, employees, global operations and books and records.

Independent Monitor certifies Ericsson's Compliance Program

Retrieved on:

Thursday, March 28, 2024

Certification, Risk management, Monitor, Record, DOJ, FCPA, Book, Management

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) violations) has certified that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively.

Key Points:

STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that on March 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) violations) has certified that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively.
This independent certification is a condition to conclusion of the Monitorship and Plea Agreement, currently expected to occur no later than June 2, 2024.
The role of the independent Monitor over the past four years has been to comprehensively review, assess, evaluate and test all aspects of the company's global anti-corruption compliance program and internal controls.
In fulfilling its duties, the independent Monitor team has had full access to the company's Board, executives, employees, global operations and books and records.

SysAid continues to expand its global footprint announcing a new strategic partnership with BDO in South Africa, bringing Generative AI-Powered IT Service Management to new regions

Retrieved on:

Thursday, March 14, 2024

Organization, Growth, Improper integral, Partnership, ANZ, BDO, Guard rail, Monitor, AI, ITSM, Chatbot, Dimensions of globalization, Managed services, Trans-1,2-Diaminocyclohexane, Accounting

These collaborations bring SysAid Copilot, a comprehensive set of generative AI-powered capabilities and the next-gen of ITSM, to service providers around the globe.

Key Points:

These collaborations bring SysAid Copilot, a comprehensive set of generative AI-powered capabilities and the next-gen of ITSM, to service providers around the globe.
The partnership between SysAid and BDO in South Africa, represents a powerful synergy that promises unparalleled value for organizations looking to increase their productivity.
SysAid and BDO SA aim to deliver cutting-edge AI for ITSM (IT Service Management) to companies and industries of all sizes in South Africa.
SysAid Copilot revolutionizes service management with its AI Chatbot for End Users, delivering 24/7 conversational self-service through generative AI.

Lynx Air Files for and Obtains CCAA Creditor Protection

Retrieved on:

Friday, February 23, 2024

Lynx, Lynx Air, Sale, Monitor, CCAA, FAQ, Travel, Airline

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Lynx Air (Lynx), a low-cost airline with service to destinations throughout Canada, the U.S. and Mexico, today announced that it has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta under the Companies' Creditors Arrangement Act (“CCAA”).

Key Points:

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Lynx Air (Lynx), a low-cost airline with service to destinations throughout Canada, the U.S. and Mexico, today announced that it has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta under the Companies' Creditors Arrangement Act (“CCAA”).
Over the past year, Lynx Air, has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment.
Osler, Hoskin & Harcourt LLP are acting as legal advisors to Lynx Air.
Additional information related to the CCAA proceedings will be available on the Monitor's case website at: http://cfcanada.fticonsulting.com/lynxair .

Record Breaking Global PRT Market Activity Seen in 2023, Totaling Over $105 Billion in UK and US

Retrieved on:

Monday, February 19, 2024

Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, Transfer, Legal & General, PRT, Growth, Retirement, Monitor, Appetite, Pension fund

The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.

Key Points:

The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.
The Boots Pension Scheme , another Legal & General transaction, plus two pension schemes of the RSA Group constituted the largest ever single and overall transactions, respectively.
Five transactions of over £2.5 billion were announced compared to just one the previous year and only ten others between 2014 and 2022.
In the UK alone, annualized volumes are projected to settle in the region of £50-60 billion, a significant increase from the average of £31 billion seen in the five years prior to 2023.

Kasm Technologies Announces Kasm Workspaces v1.15

Retrieved on:

Tuesday, February 27, 2024

MCLEAN, Va., Feb. 27, 2024 /PRNewswire/ -- Kasm Technologies, a leader in streaming remote work cloud workspaces, today announced the release of Kasm Workspaces v1.15, providing major enhancements to its portfolio of digital workspaces delivering Desktop as a Service (DaaS), Virtualized Desktop Infrastructure (VDI), Remote Browser Isolation (RBI), Open-Source Intelligence Collection (OSINT), Training/Sandboxes, and Containerized Application Streaming (CAS) to the web browser.

Key Points:

Kasm Workspaces v1.15 adds multimonitor, session recording, OpenStack VPN support and workflow enhancements to the remote workplace streaming platform.
MCLEAN, Va., Feb. 27, 2024 /PRNewswire/ -- Kasm Technologies , a leader in streaming remote work cloud workspaces, today announced the release of Kasm Workspaces v1.15, providing major enhancements to its portfolio of digital workspaces delivering Desktop as a Service (DaaS), Virtualized Desktop Infrastructure (VDI), Remote Browser Isolation (RBI), Open-Source Intelligence Collection (OSINT), Training/Sandboxes, and Containerized Application Streaming (CAS) to the web browser.
said Justin Travis, Co-Founder of Kasm Technologies.
"Multimonitor will enhance productivity, session recording enables compliance, VPNs support managed egress and the Launch Config provides customization when launching workspaces."

SysAid Continues to Expand its Global Footprint Through a New Strategic Partnership With Hatchit Studios, Introducing Generative AI-Powered IT Service Management to the Australian and New Zealand Markets

Retrieved on:

Tuesday, February 6, 2024

Partnership, Growth, IT service management, Chatbot, ANZ, AI, ITSM, Improper integral, Monitor, Managed services, Organization

TORONTO and SYDNEY, Feb. 6, 2024 /PRNewswire/ -- SysAid, a leading provider of IT and Enterprise Service Management solutions is pleased to announce its partnership with Hatchit Studios, an IT consultancy that specializes in digital transformation and service delivery, to deliver cutting-edge, generative AI-powered ITSM to companies and industries of all sizes in the Australia and New Zealand (ANZ) market.

Key Points:

The partnership between SysAid and Hatchit Studios represents a powerful synergy that promises unparalleled value for organizations in the region.
Hatchit demonstrates its commitment to innovative technology solutions with SysAid Copilot, the comprehensive, newly released set of generative AI capabilities, designed to transform the service experience.
SysAid Copilot revolutionizes service management with its AI Chatbot for End Users, delivering 24/7 conversational self-service through generative AI.
We are committed to fulfilling the increasing demand for innovation in this market, orchestrating service management across the organization with generative AI, empowering employees to focus on value-driven tasks, and accelerating organizational productivity."

Security Solutions Market worth $502.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 29, 2024

Security solutions market for video surveillance services to hold the highest CAGR during the forecast period.

Key Points:

Security solutions market for video surveillance services to hold the highest CAGR during the forecast period.
The security solutions market for video surveillance services is experiencing robust growth due to increasing concerns about security and safety across various sectors, including commercial, residential, and public spaces, drive the demand for advanced surveillance technologies.
The rise in crime rates and security concerns has heightened the demand for robust residential security solutions.
These players have a strong market presence for Security solutions across various countries in North America, Europe, Asia Pacific, and RoW.

Security Solutions Market worth $502.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 29, 2024

Security solutions market for video surveillance services to hold the highest CAGR during the forecast period.

Key Points:

Security solutions market for video surveillance services to hold the highest CAGR during the forecast period.
The security solutions market for video surveillance services is experiencing robust growth due to increasing concerns about security and safety across various sectors, including commercial, residential, and public spaces, drive the demand for advanced surveillance technologies.
The rise in crime rates and security concerns has heightened the demand for robust residential security solutions.
These players have a strong market presence for Security solutions across various countries in North America, Europe, Asia Pacific, and RoW.