Acquisition | Jotup

Rocket Software Closes $2.275B Acquisition of OpenText’s Application Modernization and Connectivity Business

Retrieved on:

Wednesday, May 1, 2024

Rocket Software , Inc. (“Rocket Software”), a global technology leader in modernization software, has expanded upon its position as a partner of choice empowering the world's leading businesses on their modernization journeys.

Key Points:

Rocket Software , Inc. (“Rocket Software”), a global technology leader in modernization software, has expanded upon its position as a partner of choice empowering the world's leading businesses on their modernization journeys.
Closing the acquisition of the Application Modernization and Connectivity (AMC) business of OpenText, formerly part of Micro Focus, Rocket Software now offers customers modernization software solutions spanning the mainframe to the cloud.
“The acquisition of the OpenText AMC business is a significant milestone that sets a similar new standard for modernization innovation and excellence at Rocket Software and greatly accelerates our strategic growth and market penetration.
These added capabilities expand the mainframe modernization approaches that Rocket Software can deliver, enabling choice and allowing customers to run workloads wherever it makes sense for their business.

Legence Strengthens Sustainability Leadership with Acquisition of Corporate Sustainability Strategies (CSS)

Retrieved on:

Tuesday, April 30, 2024

Legence, a Blackstone Portfolio Company and North America's leading, integrated provider of energy efficiency and sustainability solutions for the built environment, today announced the acquisition of Corporate Sustainability Strategies (CSS), a commercial real estate sustainability consulting firm driving robust investment returns through the design and implementation of cost-effective environmental, social, governance (ESG), and resilience strategies.

Key Points:

Legence, a Blackstone Portfolio Company and North America's leading, integrated provider of energy efficiency and sustainability solutions for the built environment, today announced the acquisition of Corporate Sustainability Strategies (CSS), a commercial real estate sustainability consulting firm driving robust investment returns through the design and implementation of cost-effective environmental, social, governance (ESG), and resilience strategies.
The acquisition builds on Legence’s long-standing and collaborative relationship with CSS and expands on Legence’s fast-growing client roster and servicing opportunities.
View the full release here: https://www.businesswire.com/news/home/20240430602877/en/
Brenna Walraven, President and CEO of commercial real estate sustainability consulting firm Corporate Sustainability Strategies.
“Our new partnership with CSS is further proof that we’re attracting top talent and leadership, positioning Legence as the leading provider of integrated decarbonization services,” said Jeff Sprau, CEO of Legence.

Coca-Cola Reports First Quarter 2024 Results and Provides Updated Guidance

Retrieved on:

Tuesday, April 30, 2024

In addition to the data in the preceding tables, operating results included the following:

Key Points:

In addition to the data in the preceding tables, operating results included the following:
Unit case volume grew 1%.
The unavailable information could have a significant impact on the company’s full-year 2024 reported financial results.
First quarter 2024 financial results were impacted by one less day as compared to first quarter 2023, and fourth quarter 2024 financial results will be impacted by two additional days as compared to fourth quarter 2023.
The company is hosting a conference call with investors and analysts to discuss first quarter operating results today, April 30, 2024, at 8:30 a.m.

SiteOne Landscape Supply Announces Purchase of Majority Stake in Devil Mountain Wholesale Nursery

Retrieved on:

Tuesday, April 30, 2024

Landscape, Other Retail, Other Construction & Property, Retail, Construction & Property, Plant, Tree, Golf, Acquisition, Garden, Landscape maintenance

SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today the company has purchased a majority stake in Devil Mountain Wholesale Nursery, LLC (“Devil Mountain”), joining forces with minority owner and CEO Drew McMillan.

Key Points:

SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today the company has purchased a majority stake in Devil Mountain Wholesale Nursery, LLC (“Devil Mountain”), joining forces with minority owner and CEO Drew McMillan.
Devil Mountain is the largest wholesale distributor of landscape trees and plants in California, with eight wholesale nursery distribution branches and six growing facilities across the state.
The transaction includes the option for SiteOne to purchase the remaining interest in Devil Mountain in future years.
https://www.siteone.com/
About Devil Mountain Wholesale Nursery:
Devil Mountain Wholesale Nursery is the largest distributor of landscape trees and plants in California, focusing on sales to landscape professionals.

Forrester Research Reports 2024 First-Quarter Financial Results

Retrieved on:

Tuesday, April 30, 2024

Content Marketing, Other Communications, Finance, Consulting, Marketing, Communications, Professional Services, Business, Digital Marketing, Data Analytics, Acquisition, GAAP, Environment, Music

Forrester Research, Inc. (Nasdaq: FORR) today announced financial results for the first quarter ended March 31, 2024, with contract value (CV) at $323.1 million, down 4% compared with the prior year.

Key Points:

Forrester Research, Inc. (Nasdaq: FORR) today announced financial results for the first quarter ended March 31, 2024, with contract value (CV) at $323.1 million, down 4% compared with the prior year.
“We are in the final year of our migration journey, and we now have 70% of CV on the Forrester Decisions platform.
“However, 2024 continues to be a challenging environment, with first-quarter revenue down 12%, largely driven by consulting headwinds.
Forrester is providing guidance for 2024 as follows:
Adjusted financial guidance for full-year 2024 excludes stock-based compensation expense of $14.5 million to $15.0 million, amortization of acquisition-related intangible assets of approximately $10.0 million, restructuring costs of approximately $7.0 million, and any investment gains or losses.

Half of Auto Insurance Customers Currently Shopping for New Policies, J.D. Power Finds

Retrieved on:

Tuesday, April 30, 2024

Power 2024 U.S. Insurance Shopping Study,SM released today, that notable increase in premium—combined with lackluster customer satisfaction scores this year—is putting more insurance customers into the market for a new policy than ever before.

Key Points:

Power 2024 U.S. Insurance Shopping Study,SM released today, that notable increase in premium—combined with lackluster customer satisfaction scores this year—is putting more insurance customers into the market for a new policy than ever before.
Nearly half (49%) of U.S. auto insurance customers say they are actively shopping for a new plan.
EV owners confront insurance sticker shock: Electric vehicle (EV) owners are less satisfied with the auto insurance purchase experience than are customers insuring gasoline-powered vehicles.
Growing interest in dealer- and manufacturer-provided insurance: More than one-third (35%) of auto insurance customers say they are interested in embedded insurance, a form of auto insurance that is provided directly through the automobile dealer or manufacturer.

Emergent Cold LatAm Opens Chile’s Largest Frozen Food Warehouse

Retrieved on:

Tuesday, April 30, 2024

Commercial Building & Real Estate, Construction & Property, Restaurant, Bar, Supply Chain Management, Food, Beverage, Logistics, Transport, Retail, Pacific Ocean, Seafood, IQF, Growth, Entrepreneurship, Acquisition, Multimedia, Fruit, Warehouse

Emergent Cold Latin America (Emergent Cold LatAm), the region’s largest provider of temperature-controlled storage and logistics solutions, announced today the opening of the largest frozen food warehouse in Chile, located in Talcahuano.

Key Points:

Emergent Cold Latin America (Emergent Cold LatAm), the region’s largest provider of temperature-controlled storage and logistics solutions, announced today the opening of the largest frozen food warehouse in Chile, located in Talcahuano.
Situated in a region renowned globally for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
View the full release here: https://www.businesswire.com/news/home/20240430475373/en/
New Emergent Cold LatAm warehouse in Talcahuano, Chile.
Neal Rider, Co-Founder and CEO of Emergent Cold LatAm, emphasized the favorable conditions in Chile for business expansion: "Chile's importance in the global food supply chain make it an important part of our regional investment strategy.

H&E Equipment Services, Inc. Reports First Quarter 2024 Results

Retrieved on:

Tuesday, April 30, 2024

Time utilization (based on original equipment cost) was 63.6% in the first quarter of 2024 compared to 67.3% in the year-ago quarter.

Key Points:

Time utilization (based on original equipment cost) was 63.6% in the first quarter of 2024 compared to 67.3% in the year-ago quarter.
Interest expense was $18.4 million for the first quarter of 2024 compared to $13.7 million in first quarter of 2023.
Adjusted EBITDA margin in the first quarter of 2024 was 43.6% of revenues compared to 44.4% in the year-ago quarter.
The Company’s management will hold a conference call to discuss first quarter 2024 results today, April 30, 2024, at 10:00 a.m. (Eastern Time).

Forrester Announces Full Conference Agenda For CX Summit EMEA 2024

Retrieved on:

Tuesday, April 30, 2024

Forrester (Nasdaq: FORR) today announced the full conference agenda for its CX Summit EMEA event being held in London and digitally on June 24-26, 2024.

Key Points:

Forrester (Nasdaq: FORR) today announced the full conference agenda for its CX Summit EMEA event being held in London and digitally on June 24-26, 2024.
Featuring immersive experiences, keynote presentations, case studies, and dedicated breakout sessions, CX Summit EMEA will offer the latest research and frameworks to help CX, digital, and B2C marketing leaders understand how AI will transform customer and business interactions in the future.
CX Summit EMEA will also honour the recipient of Forrester’s 2024 Customer-Obsessed Enterprise Award - EMEA , which recognises companies that drive business success by putting customers at the centre of their leadership strategy and operations.
“CX Summit EMEA will help CX, marketing and digital leaders understand the impact these new regulations will have on their business and how they can successfully integrate AI into their CX strategies to meet customers’ changing needs — now and in the future.”
View the full agenda and speakers for CX EMEA.

Teradata Embraces Open Table Formats, Iceberg and Delta Lake, to Deliver the Most Open and Connected Ecosystem for Trusted AI

Retrieved on:

Tuesday, April 30, 2024

Teradata’s fully open and connected approach is designed to be future-ready and allow enterprises to employ a modern data strategy with unmatched agility and flexibility for executing Trusted AI at scale.

Key Points:

Teradata’s fully open and connected approach is designed to be future-ready and allow enterprises to employ a modern data strategy with unmatched agility and flexibility for executing Trusted AI at scale.
Teradata’s agnostic OTF support and open catalog integration is designed to enable the platform to read various catalogs with predictable execution.
“In today’s data landscape, we’re seeing wide adoption of open table formats with 51% of organizations actively adopting Delta tables and 27% adopting Apache Iceberg.
Forward-looking statements in this release include the availability, capabilities, and benefits provided by the integration of open table formats with Teradata’s VantageCloud platform and Teradata AI Unlimited.