Tagged With "Jillian Fund"
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Re: Copier Parts & Accessories China Tariff Starts in 9 Working Days
Responding to this question could immediately dissolve into a political debate. One fact is clear and that is that tariffs are essentially taxes that become Federal Gov't general revenue that can be used anyway the Gov't desires such as fund its massive deficit. Whatever money the Trump Administration gave away to its citizens in its tax cuts of 2017 it is now going to claw back with higher taxes disguised as tariffs.
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Re: Copier Parts & Accessories China Tariff Starts in 9 Working Days
" Whatever money the Trump Administration gave away to its citizens in its tax cuts of 2017 it is now going to claw back with higher taxes disguised as tariffs. " When one door closes another door opens. Many US companies can benefit from the higher tariffs placed on goods from China. In fact I spoke to one of those companies last Thursday. I disagree that the tax cuts are going to claw their way back with higher taxes disguised as tariffs. In the end, what Trump wants is fair trade practice...
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Part Two: Leasing News Exclusive: The Opposition and How Senator Steven Glazer Got SB 1235 Passed (Part 2 of 3) By Tom McCurnin Leasing News Legal Editor The bill was "Engrossed and Enrolled" and presented to the Governor at 5 p.m., September 12th, awaiting his decision to sign or veto. How He Pushed It Through the Legislature What are the takeaways from this interview and SB 1235? ▪ First , I Was Surprised at the Overwhelming Support of Trade Groups for the Bill. When he rattled off the...
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Re: UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh
Found this on the web today:: By Pavel Alpeyev Nov. 18 (Bloomberg) -- Orbis Funds, the asset manager that opposed takeover offers by Warren Buffett and Citigroup Inc., rejected Canon Inc.’s 730 million euro ($1.1 billion) bid to buy unprofitable Dutch printer maker Oce NV as too low. Canon’s 8.60 euros-a-share offer “significantly undervalues” Oce’s assets, and Orbis doesn’t want to sell its stake of about 10 percent at that price, the Bermuda-based manager of $20 billion in assets said in a...
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Re: Calculating Lease Costs and Effective Purchase Price W/O interest
You're getting good answers, but sometimes the third of fourth approach to answering the question helps. Not to imply that the previous answers are incorrect or incomplete. 1. "Lease Rate" is a convenience, given to you so that you can multiply your selling price by a number and end up with a payment acceptable to the lessor. 2. The "Short answer" from your leasing company is "We'll do that deal for 36 months at 0.0302". 3. The "Long answer" which they will seldom give you is: - We believe...
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Re: Judge approves a $4.9 million settlement to businesses who were charged payment incre
A judge ruled in favor of a class action lawsuit involving businesses nationwide, including ones from South Florida. South Florida businesses that are part of a larger class action lawsuit against two companies were awarded a portion of a final settlement of $4.9 million after the judge ruled in the class’s favor, a press release said. “Approximately nine thousand class members nationwide were included in the settlement,” said Lance Harke, lead attorney for the case from law firm Harke...
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Re: 0% Copier Financing
SSG: I have never seen a 36 month Zero interest lease for a dollar purchase option. I've heard that the reason there is no real low or zero type of finance lease ($1) because it would be extremely difficult for them to repo a copier that is in someone office or house. The only way I know to make it work is to fudge the numbers. Meaning you sell the system for MSRP and then offer them a $1.00 purchase option. The leasing company would fund you off of the $1.00 out finance rate. Thus if the...
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Re: Hurricane Sandy Highlands NJ
HIGHLANDS - After weeks of stress and struggle following Hurricane Sandy, Highlands residents will gather together tomorrow afternoon for some serious fun at a free benefit concert. The concert, starring many well-known Jersey Shore musicians, will raise funds and awareness to help rebuild their town. The Hope for Highlands benefit concert will take place Sunday, November 25, from 2 p.m. to 6 p.m. at the Seastreak Ferry terminal, 325 Shore Drive in Highlands. Although the concert itself is...
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Re: Xerox Authorized Sales Agent
It would be in Canada, but I'm sure many of the rules are the same. As far as I know, Canada only uses Xerox Authorized Sales Agents and Dealerships, except for in Toronto, Ottawa and Vancouver (major cities). copier-seo-guy: May I ask what some of your startup costs were? Did you get a business loan or self-fund your business?
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Re: Fakery aided school copier deal
Cash reshuffles principals, shifts staffers By Dakarai I. Aarons (Contact), Memphis Commercial Appeal Tuesday, July 22, 2008 Supt. Kriner Cash has begun putting his mark on Memphis City Schools, reassigning central office administrators and making principal changes at several schools. The district also will soon be restructured from a centralized organization to one with three or four regions. Comments There are 37 responses to this article. Click here to join the conversation » STORY TOOLS...
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Re: MFP Wars "Death of the Independent Dealer"
I'm agreeing with "Old Glory"! A few things for you. 1. Know inside and out all of your manufacturers programs (GEM, GSA< RMAP,) and all of the buying programs. 2. To me A4 is prime for school market. Hook up with a venfor that can provide A4 machines. 3. The big boys give away the CPC the first year and then raise every year thereafter. Along with having clauses in the contract about toner usage, the more toner you use the higher your cpc will go. 4. Support the schools whether through...
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Re: Gas Price Check
Still hanging around $2.40 here. Right, 'cause you think it's a good idea to support Chavez and Middle Eastern countries by continuing to send them billions of dollars to fund their interests and a bad idea to spend some money on American technology to break our dependence on them.
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Re: Need Leasing Help!
Great America is now doing print fleet management leases which by definition funds a payment not collateralled (not really a word) by equipment. If they are willing to that, I would think that they would no longer hold to the typical maximum 125% of MSRP rules. Another idea...can you pre-fund maintenance and exaggerate the rate? By that I mean add $68,000 to your normal maintenance rate but attribute it all to maintenance. I've never tried...just trying to think outside the box.
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Re: DLL to raise rates
Art, What type of lease approval percentages are you seeing compared to 90 or 180 days ago? We fund our leases internally, so I don't have an insight into the approval rate changes from the leasing companies. Thanks Sam
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Re: RBS vs RBS "Who Wins"
Ricoh has had the program for awhile. You can probably get your local CofC to support your marketing efforts because the price difference easily could fund membership dues for those that aren't members.
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Re: Storage of competitor's equipment during lease
Now-a-days there is no such thing as buy-out to Return...only buy-out to keep with a very high residual. We have stored equipment but the leasing company can never know about it. Marlin Leasing for instance sends it immediately to their legal dept for litigation if they find out. Far and away, the best answer is to fund the payments into the new deal and write the customer a check and have them make the payments and store the equipment.
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Re: CIT's Version of the GM Axe
OMG, it's getting tougher and tougher out there, maybe none of them will stop until there are no sales people in the business any longer. We had a letter many months ago, however it did not have the paragraph in reference to "anything over 100% is now blended", and they will not "knowingly fund maintenance". CIT messed up their portfolio all by themselves with the lowest rates and the highest buyouts! I just hope that this is the same for Direct Branches as it is for Dealers. I know many...
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Re: Canon Copiers Are HOT!!
Did The Canon Copier Cause The Fire? The fire started in a locked storeroom. It destroyed the video rental store in a St. Paul strip mall and damaged three adjacent buildings. An employee of the video rental store had set the Canon copier (located in the storeroom and serviced one week prior to the fire) to make 80 copies before leaving the storeroom while the copying was in progress. Several hours later, the security alarms activated, the fire in the storeroom was discovered, and the store...
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Re: "what is the interest rate"
I ask a Banker at one time, and figured it out to about 14%. If you assume one thing, that is the leasing companies want the same interest rate weather it FMV,10% or $1.00 buyout. Using DLL rate, the interest rate is about 13.60%. That's taking a fund rate of $ 5,000 over a 3 year period. The reason most people lease is base on there accounting procedures and how they write things off for taxes. Remember one thing, most people are payment buyers. If there payment is less than what they...
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Re: New W2400 pricing!
My biggest concern is the lack of acknowledgement from Ricoh that color scanning is going to be a big deal. I've already lost a couple of deals to Kip's color scanning capabilities. They've actually been able to beat my price on the 240W with color scanning capabilities included on theirs. I'm not sure what Ricoh is thinking with the discounts to WF only dealers and not to full line dealers. Seems like another way for the dealers to fund Ricoh's market share expansion. My dealership bought...
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Re: Does anyone have a clue as to how the CPC billing model started in the first place?
I remember a plan that didn't really take hold but it was a plan like the one John talked about and all accessories were proposed in the form of copies...you want a finisher, just commit to 10,000 additional copies per month. The CPC rate had an equipment portion attached to it so more clicks funded more equipment. If the CPC was normal plus .003, 10,000 clicks added $30/month which would fund $1,500 additional. Some customers that weren't willing to pay $1,500 would agree to 10,000 more...
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Re: Sharp Restructuring Plan Fails to Impress
Sharp gains $1.9 billion bailout but restructuring steps disappoint Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. But while new restructuring measures will include 5,000 job cuts or 10 percent of its global workforce as well as the sale of its headquarters, the steps were seen as not going far enough. Chief...
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Re: HP should Buy Xerox
In 2016, Apex Technologies (now NineStar Corporation) purchased Lexmark at a 17% premium above its share price. In the background, the Chinese gov't had purchased a 5% stake in Apex (at that time a relatively small and unknown maker of 3rd party toner and inkjet cartridges). In fact, Lexmark sued Apex for for at least 15 patent violations. Via what is known as the IC Fund, the Chinese gov't is supporting its technology companies with the goal of of advancing China's, "Made in China 2025", a...
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Re: Rep Retention and Recruitment
I'm not sure there is a hard and fast answer but we are going more toward spending that "salary and benefits" money on marketing, telemarketing and lead programs which in turn helps fund the best and most productive sales reps. We all know that it is getting harder and harder to make the money we have grown accustomed to making. It takes a lot more sales every year to even come close to making the income of years past so keeping good reps becomes a challenge. When I started in the business...
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Re: Inflated MSRPs & Leasing
Where the typical benefit of higher MSRP's is typically realized is when buyouts are involved. Since most leasing companies will only fund 125% of MSRP, there can be limitations on how much of a buyout you can roll into a new lease depending on how high that buyout is. At least for me, this typically comes up when stealing a dissatisfied customer from a competitor that has a while left on their lease.
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This Week in the Copier Industry 15 Years Ago, The Last Week in January 2004
In the next day or so I'll be blogging about the new Ricoh IMC MFP series. There's a lot of new stuff and I'm chomping at the bit to get my hands on one. Enjoy these threads from 15 years ago this week! Peerless Systems Announces Everest Family of MFP Controllers; New Controllers Based on Sierra Techno Boston Mike · 1/28/046:58 AM document products rely on a core set of imaging software and supporting electronics, collectively known as an imaging controller. Peerless' broad line of scalable...
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BTA Awards 24 Scholarships
NEWS RELEASE For Immediate Release For More Information Contact: July 16, 2018 Brent Hoskins Executive Director (816) 303-4040 BTA Awards 24 Scholarships $1.635 million has been awarded to students since 1984-85 Kansas City, Mo. — The Business Technology Association (BTA; www.bta.org ) has announced its 2018-19 scholarship winners. Twenty-four students were awarded scholarships. Each year, BTA awards one $3,000 and a number of $1,000 and $1,500 scholarships to qualifying children of...
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Investors To Return Toshiba To US Court Over Accounting
A US appeals court has paved the way for investors in Toshiba’s US-listed securities to revisit a case which the investors say cost them serious losses after the Japanese industrial conglomerate misled them over a 2015 accounting scandal. In a 3-0 decision, the US Circuit Court of Appeals said a lower court judge was mistaken in dismissing the investors’ lawsuit, and that the investors should be permitted to file an amended complaint. The appeals court said the investors did not sufficiently...
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Eze Castle Integration Ranks as Best Hybrid and Private Cloud Service and Best IT Consultancy Service on HFM European Hedge Fund Technology Award Shortlists
LONDON, Aug. 6, 2018 /PRNewswire/ -- Eze Castle Integration, Ltd, a leading managed service provider to the financial industry; today announced it has been shortlisted for "Best Hybrid or Private Cloud Service" and "Best IT Consultancy Service" in the HFM European Hedge Fund Technology Awards 2018. The company was also shortlisted in the HFM US Technology Awards for "Best Cyber Security Provider" and "Best Technology Infrastructure Provider." The annual awards acknowledge and celebrate...
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Options Announces Appointment of Micah Kroeze to Its Management Team
July 26, 2018 08:46 AM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )-- Options , the leading managed service and IT infrastructure provider to the global capital markets industry, has today announced the appointment of former NYSE Technologies and Vela Trading Systems executive Micah Kroeze to its management team. Kroeze joins the New York team as VP, Product Management where he will be responsible for driving new business growth and supporting the firm’s product development. Kroeze...
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HEALTHCARE VERTICAL NEWS
HEALTHCARE VERTICAL NEWS Canon relaunches solution for healthcare - announced its Nuance eCopy ShareScan Services for healthcare - advertised as document capture onramp that integrates with iManage and Epic software - allow Canon imageRUNNER MFPs to scan into these healthcare solutions - provide compliance for HIPAA and GDPR regulations - use OCR to convert images to HL7 protocol - (this solution competes with the Konica Minolta/Nuance AutoStore MD solution, which does even more as it can be...
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Intellinetics, Inc. Partners with K-12 Solutions Provider
COLUMBUS, Ohio, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Intellinetics, Inc. , a cloud-based document content services provider, announced today that the company will be partnering with Software Unlimited Inc. (SUI), a major software developer and publisher of solutions for the K-12 market. The arrangement sets the stage for SUI to add fully integrated document management capabilities within its School Accounting System for K-12 school districts. Intellinetics' flagship IntelliCloud™ platform...
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Intellinetics, Inc. Offers Portal for Independent Providers
COLUMBUS, Ohio, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Intellinetics, Inc., (OTCQB: INLX ) a cloud-based document content services provider, announced today a new cloud-based document management solution specifically for the Independent Providers market called the Provider Portal™. Intellinetics' Provider Portal provides a cost-effective solution that allows Independent Providers to get up and running within 24 hours. An Independent Provider is a self-employed person who provides services to...
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Valtim Marketing Solutions Chooses EFI’s Midmarket Print Suite to Drive Efficiency and Growth
Valtim Marketing Solutions Chooses EFI’s Midmarket Print Suite to Drive Efficiency and Growth FREMONT, California -- August 23, 2018 -- Electronics For Imaging, Inc. (Nasdaq:EFII) today announced that Valtim Marketing Solutions in Lynchburg, Virginia, has chosen an EFI™ Midmarket Print Suite business and production workflow, with Pace ™ software as its core MIS/ERP technology, to drive higher productivity and efficiency. The 130-employee, second-generation family owned business primarily...
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This Week in the Copier Industry 10 Years Ago, The Second Week in September 2003
I took the time to re-read and correct some of the grammar and spelling issues that plagued me from many years ago. I'm a copier sales person and not an English major. Please excuse typo's or grammar. Anyway, I must have wrote this after the Ricoh purchase of Ikon and the title "MFP Wars". After the re-read, I realized that we're still fighting the MFP Wars, whether it's the low cost per pages that are low balled or the continuing battle of A3 vs A4. Somethings never change. Enjoy the...
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Converge Technology Solutions Acquires Software Information Systems, LLC
January 21, 2019 – TORONTO, ONTARIO, CANADA - Converge Technology Solutions Corp. (“ Converge ” or “the Company ”) (TSXV:CTS) announced today announced today that it has acquired all of the Class A membership interests in Software Information Systems, LLC (" SIS "), a South-Central US based partner focused on managed cloud delivery , compute efficiency, network optimization, storage optimization, and IT spend optimization, from VBS Holding Company, Inc. (" VBS "), whose owners include the...
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Lincoln International represents Primary Capital Partners LLP on the sale of Esteem Holdings to Roc Technologies
LONDON , Oct. 19, 2018 /PRNewswire/ -- Lincoln International (" Lincoln "), a leading global mid-market investment bank, is delighted to have represented the shareholders of Esteem Holdings Limited ("Esteem") in its sale to Roc Technologies Limited ("Roc"). Esteem is a well-established strategic IT infrastructure and services partner. Headquartered in Wetherby and working with clients in the public and private sector, the business has particular capabilities in end user compute, networking...
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Xerox Reports Progress on Key Priorities to Drive Business Improvement; Delivers Strong Cash Flow and Operating Margin Expansion
October 23, 2018 06:30 AM Eastern Daylight Time NORWALK, Conn.--( BUSINESS WIRE )-- Xerox (NYSE: XRX) today announced its third-quarter 2018 financial results. “We are progressing on our priorities, which include optimizing our operations for greater simplicity, re-energizing our innovation engine and focusing on cash flow to drive increasing shareholder returns,” said Xerox Vice Chairman and CEO John Visentin . “Work remains on the priority to drive revenue. Actions are underway to...
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This Week in the Copier/Office Equipment Industry 15 Years Ago (Last Week of February 2004)
Just a short story from an order I had last week. The client was an existing account, almost five years ago it was net new. Thus I had some promo's I could throw at the client in order to secure the order. Now it comes time for the renewal almost 5 years later, there are some payments left in the lease. There is no way I can sell them at the same lease price per month. I also made an early mistake on the pricing when I met with the client. I never presented the lease price for the new...
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This Week in the Copier in Industry, The Last Week of November 2003
Looking back there was one incredible thread from 15 years ago and that had to do with a new member that refused give information that we required in order to approve them for membership. Those days were the early days from when we transitioned from an MSN community to a real web site. Back then all we had was the forums. Graham & Ted were also key players in getting the forums launched back then. Enjoy the threads from 15 years ago this week and make sure you check out that thread!
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Xerox Names Nicole Torraco Senior VP, Chief Strategy, and M&A Officer
Xerox Holdings Corporation announced the appointment of Nicole Torraco as senior vice president and chief strategy and M&A officer. In this newly created role, she reports to John Visentin, vice chairman and CEO of Xerox, and serves as a corporate officer. “Nicole brings a rare combination of financial acumen and entrepreneurship, with an impressive record of identifying strategic opportunities that deliver value,” said Visentin. “Xerox has built a strong M&A pipeline and has a...
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Abacus Group Announces Record Revenue And Client Growth In 2019 - Milestone Year's ...
Abacus Group , a leading provider of hosted IT solutions and services for alternative investment firms, today announced record accomplishments in 2019, as the company reached new heights in its number of clients and revenues, which were each up nearly 50%. Abacus’s acquisition of Proactive Technologies in February represented a significant expansion of the firm’s technology and service offerings and contributed to the record growth of the business. Highlights from the year include:...
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Agio Forges Partnership with Respond Software
NEW YORK , Feb. 6, 2020 /PRNewswire/ -- Agio , a leading provider of cybersecurity and managed IT services for the financial services industry, has announced a formal partnership with Respond Software , the cybersecurity platform that automates decision-making by emulating human reasoning. As part of the affiliation, Agio will incorporate the firm's Respond Analyst decision automation software into its Managed Detection & Response (MDR) suite of services. "We have opted to partner with...
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Flex Technology Group Makes Strategic Investment in Ultrex Business Solutions to Expand Market ...
PHOENIX , Feb. 10, 2020 /PRNewswire/ -- Flex Technology Group and Oval Partners, a San Francisco -based, multi-family office private equity firm, today announced a new partnership with Ultrex Business Solutions, a premier technology solutions company with extensive expertise in managed print, IT services, and information management. Ultrex Business Solutions has provided California with office technology solutions for well over three decades. With locations in Bakersfield , San Luis Obispo ,...
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Epson establishes Epson X Investment to accelerate innovation
April 2020 Epson establishes Epson X Investment to accelerate innovation SYDNEY, 8 April 2020 – Epson has established Epson X Investment Corporation (EXI), a new corporate venture capital (CVC) 1 subsidiary. The aim of the subsidiary is to accelerate collaboration and open innovation, grow existing businesses, and create new ones. A multi-million dollar fund will be set up for venture investment. One of the basic policies of Epson's Phase 2 Mid-Range Business Plan is to accelerate growth by...
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Konica Minolta offers coronavirus testing for US workplaces
TOKYO -- Konica Minolta plans to offer a coronavirus testing service for U.S. businesses in fields such as logistics and infrastructure that look to prevent outbreaks at warehouses and other sites where staff continue to work despite lockdowns. California-based subsidiary Ambry Genetics will perform the service, becoming one of the first testing providers in the U.S. to field requests from commercial customers. Calls for workplace safety measures are growing in the U.S. Many Amazon.com...
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DH Capital Announces Closing Of $320m Preferred Equity Raise For TierPoint
NEW YORK and BOULDER, Colo., April 15, 2020 (GLOBE NEWSWIRE) -- DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet Infrastructure, communications, and SaaS sectors, is pleased to announce it served as financial advisor to TierPoint, LLC (“TierPoint”) on its recently closed preferred equity capital raise. The $320 million investment was led by a consortium of new investors: Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance,...
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MSP & MSSP Industry Notes for February 15th, 2020
MSP & MSSP Industry Notes Sponsored by Arcoa Group ARCOA Group is here to help you successfully manage your IT Asset Disposition process. We help you recover value from retired electronic equipment through responsible methods of reuse and recycling. We ensure proper handling of assets which may contain data, while being environment stewards for assets that have no reuse value and are headed for recycling. We’ve built a robust de-manufacturing process to offer additional options for asset...