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PR Newswire

Impartner Completes Acquisition of TIE Kinetix’s Channel Marketing and Demand Generation Business

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Acquisition joins together the channel management industry’s two top technologies

SALT LAKE CITY, Aug. 24, 2020 — Impartner, the world’s most-award winning, most complete channel management platform and Partner Relationship Management (PRM) provider today announced it has completed the acquisition of the Through Channel Marketing Automation (TCMA) business from partner marketing automation solutions provider, TIE Kinetix (AEX: TIE). With the acquisition, which includes TIE Kinetix’s full suite of contemporary Brand Control and Demand Generation technologies, Impartner now offers the industry’s most holistic channel management platform with unparalleled breadth and depth to help companies accelerate the performance of their channel.

Impartner acquires world’s most advanced channel marketing/demand generation business (TCMA) from TIE Kinetix. Impartner and TIE Kinetix recently came out No. 1 and No. 2 respectively in global study on Channel Marketing and Enablement SaaS and Software (CME), from analyst firm Research in Action, and together, create a channel management technology powerhouse.
Impartner acquires world’s most advanced channel marketing/demand generation business (TCMA) from TIE Kinetix. Impartner and TIE Kinetix recently came out No. 1 and No. 2 respectively in global study on Channel Marketing and Enablement SaaS and Software (CME), from analyst firm Research in Action, and together, create a channel management technology powerhouse.

"The short list of new-age partner management and marketing solutions gets even tighter as these two top companies merge their best-of-breed offerings and create a new channel management technology powerhouse," said technology analyst firm Research in Action’s Research Director, Peter O’Neill, who is author of a recent global study on Channel Marketing and Enablement SaaS and Software (CME). In the report, Impartner and TIE Kinetix came out No. 1 and No. 2 respectively, as rated by 1,500 business decision-makers. O’Neill is widely known in the channel technology space, given his most recent role with Forrester where for 12 years he directed the firm’s research on B2B Marketing organization, process and automation topics, including the Forrester TCMA Wave.

"Now, more than ever, companies need their partners to truly be an extension of their businesses and amplify their voice in markets where they can no longer be physically," said Joe Wang, Impartner CEO. "Adding what is inarguably the most contemporary, usable and easily adoptable TCMA to help our customers market through their partners is part of our ongoing commitment to deliver the industry’s most sophisticated, future-proof channel management platform."  

The divestiture allows TIE Kinetix to focus on its core EDI-Integration technology and 100 percent digitalization of the supply chain. Proceeds from this transaction will be used to invest and grow the core EDI-Integration business. "We could not be more excited to have Impartner incorporate this technology and the talented team that supports this business into what is already the fastest-growing, most complete and award-winning channel management company worldwide," said TIE Kinetix CEO Jan Sundelin.

The TIE Kinetix purchase is one of a string of acquisitions by Impartner in recent years to expand its channel management technology portfolio, including Tremolo, to automate vendor delivery of customized news to partners, and Amplifinity, which gives customers a way to formalize management of non-traditional ‘shadow channel’ partners, the industry’s fastest-growing segment.

Impartner will integrate TIE Kinetix solutions within its robust channel management technology platform. For a demo of Impartner’s full suite of solutions and how they help accelerate indirect revenue, click here.

About TIE Kinetix

TIE Kinetix transforms the digital supply chain by providing Total Integrated E-Commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell, fulfill and optimize online.

Customers and partners of TIE Kinetix constantly benefit from innovative, field-tested, state-of-the-art technologies, backed by 32 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business. TIE Kinetix is a public company and has offices in the United States, the Netherlands, France, Germany, United Kingdom and Australia.

About Impartner

Impartner delivers the industry’s most complete SaaS-based Channel Management Platform, helping companies worldwide manage their partner relationships and accelerate revenue and profitability through indirect sales channels. Impartner’s flagship Partner Relationship Management (PRM) solution is the industry’s most award-winning PRM technology and one of the industry’s only turnkey solutions that can deploy a world-class Partner Portal in as few as 14 days. For more information on Impartner, which is based in Utah’s tech hotbed, the Silicon Slopes, visit www.impartner.com, or in the United States call +1 801 501 7000, for EMEA general call +33 1 40 90 31 20 and for London call +44 0 20 3283 4465.

Follow Impartner on LinkedIn, Twitter and Facebook.

Contact:
Kerry Desberg
Impartner
+1 425-231-9529 
Kerry.desberg@impartner.com

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PR Newswire

EQT Infrastructure to acquire leading global data center provider EdgeConneX

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– EQT Infrastructure has agreed to acquire EdgeConneX, a leading global data center provider serving the fast growing Hyperscale and Edge ecosystems

– EdgeConneX has a global footprint, operating and developing over 40 facilities in 33 markets across North America, Europe and South America

– EQT Infrastructure is committed to actively support EdgeConneX’s accelerated growth via new market entries and material expansions of existing locations

– EQT is acquiring EdgeConneX from an investor group led by Providence Equity Partners

STOCKHOLM, Aug. 19, 2020 — EQT Infrastructure today announced that the EQT Infrastructure IV fund ("EQT Infrastructure") has agreed to acquire EdgeConneX, Inc. ("EdgeConneX" or the "Company") from an investor group led by Providence Equity Partners ("Providence").

EdgeConneX builds and operates data centers for cloud, content, network and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost effectively. The Company’s broad footprint and relentless customer-focused business strategy have proven ideally suited to support these sophisticated customers’ strategic data center demands, from the Hyperscale to the Edge. As customers rapidly expand their critical infrastructure around the globe, they look to EdgeConneX as a trusted partner to enable their growth needs in an environmentally friendly manner.

EQT Infrastructure will support the continued development of EdgeConneX and actively assist the Company in its pursuit of new opportunities to grow in existing and new markets globally. EdgeConneX is uniquely positioned to benefit from the secular tailwinds driving increased data center usage. As the need for data grows ever larger, not only because of cloud and content but also driven by new innovations such as Artificial Intelligence, 5G Networks, Autonomous Vehicles, Virtual Reality, Cloud Gaming and the Internet-of-Things, there will continue to be substantial opportunities for EdgeConneX to continue to develop critical infrastructure to support its customers’ needs.

Jan Vesely, Partner at EQT Partners, said, "EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player. We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure. This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities."

Randy Brouckman, CEO of EdgeConneX, said, "EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world. I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value."

Chris Ragona, Managing Director at Providence, said, "We have enjoyed working with Randy and team over the past five years and are pleased to have helped the company grow significantly, especially overseas. We fully expect EdgeConneX will continue its momentum and success as the company enters this next chapter. On behalf of our entire investor group, we wish them well."

The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2020. With this transaction, EQT Infrastructure IV is expected to be 80-85% invested.

Evercore acted as financial advisor and Simpson Thacher & Bartlett LLP acted as legal counsel to EdgeConneX. Goldman Sachs acted as financial advisor and Kirkland & Ellis LLP acted as lead legal counsel to EQT Infrastructure.

About EQT

EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 40 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

Follow EQT on LinkedIn, Twitter, YouTube and Instagram

US press contact: daniel.yunger@kekstcnc.com, +1 917 574 8582

EQT press office: press@eqtpartners.com, +46 8 506 55 334

About EdgeConneX

EdgeConneX provides a full range of data center solutions worldwide, from Hyperlocal to Hyperscale, from purpose-built to build-to-order, working closely with our customers to offer choice in location, scale, and type of facility. Delivering flexibility, connectivity, proximity, and value, EdgeConneX is a global leader in anytime, anywhere, any scale data center services for a diverse portfolio of industries including Content, Cloud, Networks, Gaming, Automotive, SaaS, IoT, HPC, Security, and more.

More info: www.edgeconnex.comPress contact: jsa_edgeconnex@jsa.net, +1-866-695-3629 ext 13

About Providence Equity Partners

Providence is a premier global asset management firm with over $49 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 200 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London.

More info: www.provequity.com

Press contact: Andrew Cole and Hayley Cook, Sard Verbinnen & Co, prov-svc@sardverb.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-infrastructure-to-acquire-leading-global-data-center-provider-edgeconnex,c3176029

The following files are available for download:

https://mb.cision.com/Main/87/3176029/1294284.pdf

Press Release – EQT Infrastructure to acquire EdgeConneX

 

PR Newswire

AGC Networks completes the Acquisition of Pyrios

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DALLAS, PITTSBURGH, MUMBAI, India and AUCKLAND, New Zealand, Aug. 14, 2020 — AGC Networks Limited, (BSE: 500463) (NSE: AGCNET), a Global Solutions Integrator and an Essar enterprise, today announced that it has completed the acquisition of Pyrios Pty Limited (Australia) and Pyrios Limited (New Zealand) through its indirect subsidiary – Black Box Networks Services Australia Pty Ltd and Black Box Networks Services New Zealand Ltd respectively. Pyrios is an expert in communication technology delivering customer engagement and workplace collaboration solutions.

The acquisition of Pyrios will substantially increase and strengthen AGC | Black Box presence and offerings in the Australia and New Zealand market. This will also enhance the current solution portfolio of AGC and Black Box in the UC and Contact center space and Cloud services. 

"We are excited to welcome Pyrios to the AGC family," said Sanjeev Verma, Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation. "This acquisition is a logical extension to AGC’s leadership in the Unified Communication & Enterprise Communication space.  Our pursuit is to remain the customer’s trusted partner in providing technology solutions and services and this combination of Pyrios and AGC | Black Box will strengthen our relationship and relevance with our combined customers in the region", Verma continued.

Mark Charlesworth, Managing Director Pyrios, said "This acquisition will see the bringing together of two complementary businesses that will provide a broader range of solutions and expertise to the Australian and New Zealand markets, and grow a rapidly expanding Customer Experience Cloud services business with the backing of a global organization."

Speaking on the occasion, Robyn O’Reilly, CEO – Pyrios said "We – the team and I are excited and look forward to integrating with AGC | Black Box and being a part of a Global leading organization offering an enhanced portfolio of solutions to our customers in the region". 

Rohit Himatsingka, Senior Vice President & Head Corporate Development & Strategy, AGC Networks said "AGC’s two-pronged approach of focusing on bringing the best-of-breed technology solutions to the customers and augmenting the Glocal organization through local expertise continues to be at the center of our strategic initiatives to deliver value to all stakeholders." 

The current employees of Pyrios will continue to diligently serve the customers with business as usual approach and this acquisition will add additional international expertize and offering portfolio with the parentage of AGC | Black Box within the fold. 

About AGC Networks:

AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBER-i), Digital Transformation & Applications including SimpleEdge and Technology Product Solutions (TPS). 

AGC Networks is an Essar Enterprise. www.agcnetworks.com 

About Black Box:

Black Box is a leading digital solutions provider dedicated to helping customers design, build, manage and secure their IT infrastructure.

http://www.blackbox.com 

About Pyrios:

Pyrios is an expert in communications technology for contact centre and unified communications. We work with customer-driven organisations that want to delight and retain customers, and improve service, productivity and ROI. Built on 20-years of customer success, the Pyrios team stand behind some of Australasia’s smartest communications technology deployments.

www.pyrios.com 

Forward-Looking Statement 

 

Media Contacts: Neelam Kapoor, E-mail: neelam.kapoor@agcnetworks.com, Tel: +91 98197 30611. Mike Carney, Email: legal.us@agcnetworks.com, Tel: +1 214 258 1612    

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PR Newswire

Scienjoy Holding Corporation Signs Agreement to Acquire BeeLive and Expand Its Global Footprint

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BEIJING, Aug. 13, 2020 — Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China today announced that it has entered into an Equity Acquisition Framework Agreement (the "Agreement") on August 10, 2020, to acquire 100% of the equity interest in Beelive from its two controlling companies at a total consideration of RMB300 million, including a cash consideration of RMB50 million and share consideration of RMB250 million in ordinary shares to be issued by Scienjoy. The share consideration payments are subject to certain performance conditions and requirements over the following three years.  

BeeLive is a global live streaming platform that initially launched in China in November 2016. After establishing a strong foothold in China’s live streaming industry, BeeLive began expanding into international markets during the second half of 2019. To date, BeeLive has launched its Arabic language live streaming product in the Middle East and its Thai language live streaming product in Southeast Asia.

Although BeeLive’s global expansion is still at an early stage, the platform’s activity in overseas markets has demonstrated potential for future growth. As of June 2020, the number of total registered users on BeeLive exceeded 20 million and the number of active live streaming hosts on BeeLive reached 62 thousand. Additionally, during the first half of 2020, BeeLive’s ARPU reached RMB2,200, which was higher than the industry average.

"We are pleased to announce our acquisition of BeeLive and remain confident that this arrangement will serve to provide increasing shareholder value over the long term," commented Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy. "As BeeLive has come to establish itself as a leader in the provision of engaging talent show live streaming content and continued to make exceptional progress in its overseas expansion initiatives, we have gained a tremendous amount of respect for both the business and its platform capabilities. Based on the similarities between our business models, we believe that this deal has the potential to generate powerful synergies and thus significantly bolster our competitive advantages in the industry going forward. After thorough analysis, we maintain our belief that this acquisition is a true win-win arrangement for both parties and will help to provide our users with an increasingly vibrant and interactive social environment going forward."

About Scienjoy Holding Corporation

Founded in 2011, Scienjoy is a leading show live streaming video entertainment social platform in China. With more than 200 million registered users, Scienjoy currently operates three primary online live streaming brands with their respective websites and mobile apps: Showself, Lehai, and Haixiu, each using Scienjoy’s own mobile applications. Through this collection of online live streaming brands, Scienjoy has created a vibrant, interactive, and close community. Scienjoy operates a mobile live streaming business through which it provides live streaming entertainment from professional "broadcasters" to end-users, allowing for the operation of live social video communities. Using Scienjoy’s mobile applications, users can select broadcasters and enter real time video rooms to interact with them. In addition to real-time interactions, users can also view photos posted by broadcasters on their personal pages, leave comments, and engage in private chats with broadcasters when they are not streaming. In addition, users can also play fun and simple games by using virtual currencies within the video rooms while watching the live streaming of a broadcaster.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, without limitation, Company’s expectations with respect to future performance and anticipated financial impacts of the acquisition, the satisfaction of the closing conditions to the acquisition and the timing of the completion of the acquisition. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of the Company and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Agreement relating to the acquisition; (2) the inability to complete the acquisition, including due to failure to satisfy conditions to closing in the Agreement; (3) delays in obtaining or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Agreement; (4) the risk that the acquisition disrupts current plans and operations as a result of the announcement and consummation of the acquisition; (5) the ability to recognize the anticipated benefits of the acquisition; (6) costs related to the acquisition; (7) changes in applicable laws or regulations; and (8) the possibility that Beelive or the Company may be adversely affected by other economic, business, and/or competitive factors.  These forward -looking statements are subject to the filings with the Securities and Exchange Commission ("SEC") made by the Company.  Company cautions that the foregoing list of factors is not exclusive and cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law. The information contained in any website referenced herein is not, and shall not be deemed to be, part of or incorporated into this press release.

Contacts

Ray Chen
VP, Investor relations
Scienjoy Inc.
+86-010-64428188
ray.chen@scienjoy.com

Jack Wang
ICR Inc.
+1 (212) 537-9254
scienjoy.ir@icrinc.com

PR Newswire

Reveal Acquires NexLP to become the leading AI-powered eDiscovery Solution

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Reveal takes a major step forward in its mission to bring AI to the masses and changing the way electronic data is managed with a “next-generation” solution

CHICAGO, Aug. 11, 2020 — Reveal announced today the acquisition of NexLP, the leading artificial intelligence software in the legal industry. With the acquisition, Reveal becomes the market-leader in AI-powered, end-to-end eDiscovery.

Wendell Jisa, Reveal CEO (left) and Jay Leib, NexLP Co-Founder & CEO (right)
Wendell Jisa, Reveal CEO (left) and Jay Leib, NexLP Co-Founder & CEO (right)

The acquisition of NexLP marks a significant step forward for the eDiscovery industry, positioning Reveal as a next-generation market leader with the first software to include best-in-class review, artificial intelligence and processing in an all-inclusive solution that achieves better outcomes and discovery insights faster.

"The future of eDiscovery is artificial intelligence. We’ve acquired the leader in this space to ensure our platform is powered by cutting-edge AI technology and NexLP’s premier data science team," said Reveal CEO, Wendell Jisa. "This exclusive integration of NexLP AI into Reveal’s solution provides our clients the opportunity to lead in the evolution of how law is practiced."

NexLP’s artificial intelligence platform turns disparate, unstructured data – including email communications, business chat messages, contracts and legal documents – into meaningful insights that can be used to deliver operational efficiencies and proactive risk mitigation for legal, corporate and compliance teams.

Reveal clients have access to the next-generation solution now. The companies have worked to fully integrate NexLP’s AI software into Reveal’s review software for more than a year. All features, including the industry-exclusive ability to run multiple AI models, as well as all future functionality, become part of Reveal’s standard software. NexLP’s artificial intelligence platform will remain available as a stand-alone application for current clients.

With the acquisition, Jay Leib, Co-Founder and CEO of NexLP, joins the leadership team of Reveal as its EVP of Innovation & Strategy.

"We chose Reveal, after considering all the major players in the space, because they offer by-far, the most comprehensive, solutions-oriented technology on the market and we have a shared vision for the future of legal technology," said Jay Leib, Reveal EVP of Innovation & Strategy. "Reveal’s global footprint and ability to deploy the Reveal solution in the cloud or on-premise enables us to rapidly expand the adoption of AI to tens of thousands of legal, risk and compliance professionals overnight. Our existing clients and partners should all be thrilled with our ability to expand our capabilities by joining Reveal."

The NexLP acquisition is Reveal’s second major investment since Gallant Capital Partners, a Los Angeles-based investment firm, acquired a majority stake in Reveal in 2018. In June 2019, Reveal acquired Mindseye Solutions, an industry-leading processing and early case assessment software solution.

About Reveal Data Corporation

Reveal helps legal professionals solve complex discovery problems. As a cloud-based provider of eDiscovery, risk and compliance software, Reveal offers the full range of processing, early case assessment, review and artificial intelligence capabilities. Reveal clients include Fortune 500 companies, legal service providers, government agencies and financial institutions in more than 40 countries across five continents. Featuring deployment options in the cloud or on-premise, an intuitive user design, multilingual user interfaces and the automatic detection of more than 160 languages, Reveal accelerates legal review, saving users time and money. For more information, visit http://www.revealdata.com.

About NexLP

NexLP’s Story Engine™ uses AI and machine learning to derive actionable insight from structured and unstructured data to help legal, corporate and compliance teams proactively mitigate risk and untapped opportunities faster and with a greater understanding of context. In 2014, NexLP was selected to be a member of TechStars Chicago. For more information, visit: http://www.nexlp.com. 

Contact

Jennifer Fournier
PR@revealdata.com

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http://www.revealdata.com

PR Newswire

AGM Group Holdings Inc. Signs LOI to Acquire Hong Kong-Based Financial Services Company with Type 1, 2, 4, 5, and 9 Licenses

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BEIJING, Aug. 7, 2020 — AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an application software company providing accounting and ERP software, fintech software, and trading education software and website service, is pleased to announced that through its wholly-owned subsidiary, AGM Technology Limited ("AGM Technology"), the Company has entered into a letter of intent ("LOI") on August 7, 2020, with the shareholders of Safe Gold Financial Holdings Limited ("Safe Gold") to acquire 100 percent equity interest in Safe Gold and its wholly owned subsidiary Safe Gold Securities and Futures Limited ("Safe Gold SF").

Safe Gold is a Hong Kong-based financial services company which, through its wholly-owned subsidiary Safe Gold SF, holds Hong Kong Financial Services Licenses Type 1 (Dealing of Securities), Type 2 (Dealing in Futures Contracts), Type 4 (Advertising on Securities), Type 5 (Advertising on Futures Contracts), and Type 9 (Asset Management). Safe Gold is also a participant and trading right holder of both HKEX and HKFE.

Pursuant to the LOI, the total consideration of the proposed all-cash transaction is set to equal the combined net asset value for Safe Gold and Safe Gold SF as of June 30, 2020, plus a premium of HK$8.5 million, deducting a due from shareholders of HK$14 million, subject to certain adjustments and definitive agreements at the closing. 

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is an application software company, currently conducting three main business: 1) accounting and ERP software, 2) fintech software, and 3) trading education software and website service. For more information, please visit www.agmprime.com.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For more information, please contact:

At the Company:
Email: ir@agmprime.com

Investor Relations:
Tony Tian, CFA         
Weitian Group LLC
Email: ttian@weitianco.com
Phone: +1-732-910-9692

Related Links :

http://www.agmprime.com

PR Newswire

AVCtechnologies Announces Agreement to Buy Ribbon’s Kandy Communications Business

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Kandy acquisition adds industry-leading proprietary, multi-tenant cloud communications platform

Combination creates a comprehensive suite of Unified Communications as a Service (UCaaS), Communications Platform as a Service (CPaaS), and Contact Center as a Service (CCaaS) capabilities

ATLANTA and WESTFORD, Massachusetts, Aug. 6, 2020 — American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) and Ribbon Communications Inc. (NASDAQ:RBBN) today announced they have entered into a definitive agreement for AVCtechnologies to acquire Kandy Communications, an industry-leading proprietary, multi-tenant, highly scalable cloud communications platform, from Ribbon, in an all-stock transaction.


The proposed acquisition combines AVCtechnologies’ 30+ years of experience delivering exceptional white-glove customer service to enterprise customers across a range of managed IT solutions with Kandy’s pure-play, industry-leading, proprietary UCaaS, CPaaS, and CCaaS platform to provide a best-in-class, end-to-end communication experience for channel partners, their customers and end users.

"We are delighted to announce the acquisition of Kandy, which is a major step in strengthening our ability to deliver a comprehensive set of cloud solutions and managed services offerings to our customers," said AVCtechnologies CEO Darrell J. Mays. "We are extremely fortunate to be able to acquire Kandy, which has built one of the most impressive and advanced cloud communication platforms in the world."

"This acquisition significantly accelerates our growth strategy and vision to become a leading provider in the large and fast-growing cloud communications industry while increasing our penetration into global medium-sized and large enterprise clients," added Graham McGonigal, AVCtechnologies Chief Operating Officer.

Founded in 2014, Kandy is a global provider of complex deployments of UCaaS, CPaaS, and CCaaS for mid-market and enterprise customers across its powerful, proprietary multi-tenant, highly scalable cloud platform. The Kandy platform also includes pre-built customer engagement tools, based on WebRTC technology, known as Kandy Wrappers, and provides white-labeled services to a variety of customers including communications service providers and systems integrators. 

Kandy was created to help enterprise adopt the cloud, embrace agile innovation and enable programmable communications to save cost, increase productivity, and grow revenues. With Kandy, communication becomes more immediate and contextual resulting in better business outcomes.

Kandy has built a comprehensive roster of globally recognized customers, including AT&T, City of Los Angeles, IBM, and Etisalat (the largest telecom provider in the UAE).

Bruce McClelland, Ribbon’s CEO, stated "We are extremely impressed with the tremendous depth of talent and vision of the AVCtechnologies’ management team and believe that with the addition of the talented and innovative Kandy team, the company will continue to thrive and flourish. We expect the combination of the two entities to generate significant growth and value, and we are excited to be a shareholder of the combined company."

Upon closing, the senior leadership team of Kandy and its personnel, composed of talented business and technology professionals, are expected to join AVCtechnologies.

Under the agreement, AVCtechnologies will issue thirteen million shares of its common stock to Ribbon Communications. The transaction is expected to close in the second half  of 2020 and is subject to standard regulatory review and receipt of the approval of AVCtechnologies’ stockholders, AVCtechnologies’ completion of an equity offering, as well as other customary closing conditions.

Truist Securities, Inc. is serving as sole financial advisor and Greenberg Traurig LLP is serving as legal counsel to AVCtechnologies. Q Advisors is serving as sole financial advisor and Latham & Watkins LLP is serving as legal counsel to Ribbon.

About American Virtual Cloud Technologies, Inc.
AVCtechnologies makes comprehensive and innovative cloud-based UCaaS, Cybersecurity, and IT solutions simple for over 900 enterprise customers, including 350+ managed service clients. Our mission is to be your single destination partner for the white-glove delivery of reliable and secure managed cloud services, hardware, and software. For more information, visit avctechnologies.com.

About Kandy
Kandy, a division of Ribbon, is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes. For more information visit kandy.io.

About Ribbon
Ribbon Communications (Nasdaq: RBBN), which recently merged with ECI Telecom Group, delivers global communications software and network solutions to service providers, enterprises and critical infrastructure sectors. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge IP solutions, leading-edge software security and analytics tools, as well as packet and optical networking leveraging ECI’s Elastic Network technology. To learn more about Ribbon visit rbbn.com.  For more information about our Elastic Network technology packet-optical portfolio visit ecitele.com.

Important Information and Where to Find It

A full description of the terms of the transaction will be provided in a proxy statement for the stockholders of AVCtechnologies (the "Proxy Statement"), to be filed with the SEC. AVCtechnologies urges investors, stockholders and other interested persons to read, when available, the preliminary proxy statement as well as other documents filed with the SEC because these documents will contain important information about AVCtechnologies, Kandy and the proposed transaction. The definitive proxy statement will be mailed to stockholders of AVCtechnologies as of a record date to be established for voting on the proposed transaction. Stockholders will also be able to obtain a copy of the definitive proxy statement (when available), without charge, by directing a request to: American Virtual Cloud Technologies, Inc., 1720 Peachtree Street, Suite 629, Atlanta, GA 30309. The preliminary and definitive proxy statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).

Participants in the Solicitation

AVCtechnologies and its directors and executive officers may be considered participants in the solicitation of proxies by AVCtechnologies in connection with the proposed transaction. Information about the directors and executive officers of AVCtechnologies is set forth in its Annual Report on Form 10-K for the fiscal year ended March 31, 2020, which was filed with the SEC on June 29, 2020, and will be set forth in its proxy statement, which will be filed with the SEC when it becomes available. You may obtain these documents (when they become available, as applicable) free of charge through the sources indicated above.

Non-Solicitation

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Important Information Regarding Forward-Looking Statements  

This release contains forward-looking statements concerning AVCtechnologies, Kandy and Ribbon, the proposed transaction and other matters.  These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of AVCtechnologies and Ribbon, as well as assumptions made by, and information currently available to, such management.  Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "seek," "see," "plan," "could," "would," "should," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project," "target" or similar words, phrases or expressions, and include statements regarding the anticipated benefits of the acquisition of Kandy by AVCtechnologies, the required equity offering and anticipated timing of closing of the transaction.  These forward-looking statements are subject to various risks and uncertainties, many of which are outside the parties’ control, such as statements about the consummation of the proposed transaction. 

Factors that could cause actual results to differ materially from those in the forward-looking statements include failure to consummate the proposed transaction; failure to make or take any filing or other action required to consummate the proposed transaction in a timely matter or at all; failure to obtain shareholder approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; risks that the new businesses will not be integrated successfully; failure to realize anticipated benefits of the combined operations; potential litigation relating to the proposed transaction and disruptions from the proposed transaction that could harm AVCtechnologies’ or Ribbon’s business; ability to retain key personnel; the potential impact of announcement or consummation of the proposed transaction on relationships with third parties, including customers, employees and competitors; and conditions in the capital markets.  The foregoing list of factors is not exhaustive.  All of the parties’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond the parties’ control) and assumptions that could cause actual results to differ materially from their respective historical experience and present expectations or projections.  You should carefully consider the foregoing factors and the other risks and uncertainties that affect the parties’ businesses, including those described in the most recent respective  Annual Report on Form 10-K and Quarterly Reports on Form 10-Q of the parties, as well as the other documents filed by the parties from time to time with the SEC.  The parties caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof.  Neither AVCtechnologies nor Ribbon undertakes any obligation to publicly update or revise any of forward-looking statements after the date they are made, whether as a result of any changes in circumstances or new information, future events or otherwise, except to the extent required by applicable law.

The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties, including statement regarding the parties’ ability to consummate the proposed transaction, the timing to consummate the proposed transaction and the anticipated benefits of the proposed transaction. All statements other than statements of historical facts contained in this release are forward-looking statements. The actual results of AVCtechnologies and/or Ribbon Communications may differ materially from those contemplated by the forward-looking statements. Risks and uncertainties that may impact the forward-looking statements contained in this release include, without limitation, the potential that one or more conditions to closing the proposed transaction, including the requisite receipt of AVCtechnologies’ shareholders approval, AVCtechnologies’ ability to successfully complete the required equity financing and the receipt of required regulatory approvals, will not be satisfied. For further information regarding risks and uncertainties associated with AVCtechnologies’ and Ribbon Communications’ respective businesses, please refer to the "Risk Factors" section of their respective most recent annual or quarterly reports filed with the SEC. Any forward-looking statements represent AVCtechnologies’ and/or Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing either such company’s views as of any subsequent date. While AVCtechnologies and/or Ribbon Communications may elect to update forward-looking statements at some point, each such company specifically disclaims any obligation to do so.

PRESS / ANALYST CONTACTS

American Virtual Cloud Technologies

Thomas King

+1 (404) 239-2863 

info@avctechnologies.com 

Ribbon

Investor Relations

APAC, CALA & EMEA Press

Monica Gould

Catherine Berthier

+1 (212) 871-3927

+1 (646) 741-1974

IR@rbbn.com

cberthier@rbbn.com       

North American Press

Analyst Relations

Dennis Watson

Michael Cooper

+1 (214) 695-2224

+1 (708) 212-6922

dwatson@rbbn.com

mcooper@rbbn.com

 

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Related Links :

http://www.ribboncomm.com

PR Newswire

Five Arrows Acquires Majority Stake in Leading Emergency Preparedness & Response Software Business

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Partnership between Juvare and Five Arrows provides foundation for international expansion

NEW YORK, July 29, 2020 — Juvare LLC, the leader in critical incident preparedness and response software, announced today that Five Arrows – the corporate private equity arm of Rothschild & Co – has completed the purchase of a majority investment of Juvare from Thomas H. Lee Partners, L.P. The terms of the transaction have not been disclosed.

Juvare’s suite of emergency preparedness and response software and solutions, which includes the industry-standard WebEOC, and the revolutionary Juvare Exchange, empower all response stakeholders, including federal, state, and local emergency management agencies, first responders, emergency medical personnel and corporate clients to work together to serve their communities and organizations in critical incidents of all types.

“We are thrilled to be working with Five Arrows on our next chapter of growth in the US and more internationally,” said Robert ‘Bob’ Watson, CEO of Juvare. “We liked the Five Arrows focus and track record of creating value in businesses with non-discretionary product offerings in critical front line sectors. Their strong local networks and distinctive strength in Europe made them our partner of choice.”

Five Arrows is organizing this investment through its European fund (Five Arrows Principal Investments) and its US fund (Five Arrows Capital Partners). Both funds have a shared goal of investing in entrenched B2B data & software businesses with high recurring revenue and a proven history of organic growth.

“Juvare is the type of company we love to invest in – a market leader that has embedded technology serving an installed base of loyal customers in resilient end markets with must-have products,” remarked Vivek Kumar, Partner at Five Arrows Principal Investments. “This investment is a great opportunity for our European and North American private equity teams to work seamlessly to help deliver Bob’s strategic objectives.”

Ari Benacerraf, Partner at Five Arrows Capital Partners, further commented that “We are absolutely delighted to be partnering with Bob and his team given their track record of serving customers with mission-critical technology that provides complete situational awareness by organizing the essential information needed into a real-time common operating picture.”

“We sincerely appreciate our partnership with Bob and the rest of the talented Juvare team. Over the last few years, Juvare has grown significantly by diversifying its business and broadening and deepening its relationships with customers around the world,” said Laura Grattan, Managing Director at Thomas H. Lee Partners. “We believe Juvare is well-positioned for continued success and wish the team and Five Arrows well in the years ahead.”  

In recent years, Juvare’s solutions have been used to prepare for and respond to major emergencies and adverse incidents including hurricanes Harvey, Maria, Irma, and Dorian; the California wildfires; active shooter incidents including the Orlando Pulse Nightclub and Las Vegas Route 91 Harvest Festival shootings; planned events such as Super Bowls and other major public events; as well as global preparedness and response efforts including: Covid-19, H1N1 (Swine Flu), H5N9 (Avian Flu), Ebola (EVD), and the SARS outbreak.

Juvare technology connects over 80% of state public health agencies, 3,500+ hospitals, 50+ federal agencies, and 500+ Emergency Management operations across the U.S., as well as a rapidly expanding international presence. Today the company has clients in over 25 countries with an increasing take-up by corporates, particularly in highly regulated end markets.

Headquartered in Atlanta, Georgia, Juvare currently has an additional United States office in Washington D.C., a European office in Kaunas, Lithuania, and an Asia-Pacific office in Wellington, New Zealand.

Robert W. Baird & Co. Inc served as financial advisor and Weil, Gotshal & Manges LLP and Morris, Manning & Martin LLP served as legal advisors to Juvare and Thomas H. Lee Partners. Raymond James Investment Banking acted as financial advisor and Troutman Pepper acted as legal advisor to Five Arrows.

ABOUT JUVARE
Juvare is a worldwide leader in emergency preparedness and critical incident management and response software. Juvare solutions empower government agencies, corporations, healthcare facilities, academic institutions, and volunteer organizations to leverage real-time data to manage incidents faster and more efficiently, protecting people, property, and brands. For more information, visit www.juvare.com.

ABOUT FIVE ARROWS
Five Arrows Principal Investments (FAPI) and Five Arrows Capital Partners (FACP) are respectively the European and US corporate private equity arms of Rothschild & Co’s Merchant Banking business. Merchant Banking manages over $16bn globally which includes approximately $4 billion dedicated to corporate private equity, as well as a series of funds dedicated to senior and junior credits, primary and secondary fund investing and co-investments, with offices in Paris, London, New York, Los Angeles and Luxembourg.

FAPI and FACP are focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology-enabled business services and healthcare. For more information, please visit https://www.rothschildandco.com/en/merchant-banking/corporate-private-equity.

ABOUT THOMAS H. LEE PARTNERS:
THL invests in middle market growth companies, headquartered primarily in North America, exclusively in four sectors: Consumer, Financial Services, Healthcare and Technology & Business Solutions. We couple our deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. Since 1974, we have raised more than $25 billion of equity capital, invested in over 150 companies and completed more than 400 add-on acquisitions representing an aggregate enterprise value at acquisition of over $200 billion.  With dedicated sector and operating teams, THL brings deep domain expertise and resources to build great companies by helping to accelerate growth, improve operations and drive long-term sustainable value in partnership with management. For more information on THL, please visit THL.com.

PRESS CONTACT:

For Juvare:
Josh Byrd
VP, Marketing 
(866) 200-0165
josh.byrd@juvare.com 

For Five Arrows:
Emma Rees
Tel: +44 7703 715763
emma.rees@rothschildandco.com

For THL:
Devin Broda/Cameron Seligmann
Sard Verbinnen & Co
(212) 687-8080
THL-SVC@sardverb.com

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PR Newswire

Arrowroot Capital Completes Sale of its Interest in SocialChorus, the Global Leader in Workforce & Employee Communications, to Sumeru Equity Partners

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SANTA MONICA, California, July 25, 2020 — Arrowroot Capital Management, LLC (“Arrowroot”), a global growth equity firm in Santa Monica California, today announced the sale of its interest in portfolio company SocialChorus, Inc. (“SocialChorus”), the leader in end-to-end employee communications and engagement software solutions, to Sumeru Equity Partners L.P. (“Sumeru”). Arrowroot will continue to own a minority interest in the company.

Since Arrowroot’s initial investment in 2018, SocialChorus has successfully evolved from an employee social advocacy solution into a mission-critical enterprise workforce communications platform for the world’s largest companies with global, disparate workforces.

With Arrowroot’s partnership, SocialChorus made significant investments in technology, grew its sales & marketing headcount, and expanded its global presence.

“I want to thank the team at Arrowroot for believing in us,” said Gary Nakamura, CEO of SocialChorus. “We’ve enjoyed working with Arrowroot and their operating consultants (SRG) over the years and are excited to continue to call them friends and partners for many years to come.”

“In late 2017, we met with Gary and team and were deeply impressed with their early leadership position in this increasingly crucial and urgent market,” said Kareem El Sawy, Partner at Arrowroot Capital and Board Member of SocialChorus. “Since then, we have had the privilege of partnering with a top tier management team and seen them rapidly execute on their goal of becoming the global leader in employee communications and engagement software.”

GCA Advisors, LLC acted as lead financial advisor to SocialChorus for this transaction.

About Arrowroot Capital

Arrowroot Capital is a global growth equity firm based in Santa Monica, CA, focused on minority, majority, and buyout investments in B2B software companies. The firm serves as a catalyst for growth-related initiatives by partnering with management and leveraging its deep enterprise software expertise to deliver meaningful, tangible value. Learn more at www.arrowrootcapital.com.

About SocialChorus

SocialChorus is the leading workforce communications platform that empowers companies to work as one. We’ve built the only end-to-end solution that can reach, inform, and align every employee from the shop floor to home office. Employees get what they need, communicators and leaders focus on the message, and the platform takes care of the rest. Learn more at www.socialchorus.com.

Related Links :

https://www.arrowrootcapital.com

PR Newswire

Acronis Acquires DeviceLock, Adds Data Loss Prevention and Device Control to Growing Cyber Protection Portfolio

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Singapore unicorn company adds DeviceLock’s leading device control and endpoint data loss prevention technology to further advance its business solutions

SINGAPORE, July 16, 2020  — Acronis, a global leader in cyber protection, today announces the acquisition of DeviceLock, Inc., a leading provider of endpoint device/port control data leak prevention software for enterprises and government institutions around the world. As part of the agreement, DeviceLock will become a wholly-owned subsidiary of Acronis.

Acronis now owns 100% on DeviceLock
Acronis now owns 100% on DeviceLock

A clear leader in endpoint Data Loss Prevention (DLP) protecting 4 million computers in more than 5,000 organizations worldwide, DeviceLock enjoys a global customer presence across a wide variety of business types, including banking and finance, medical, pharmaceutical, government and defense, manufacturing, and retail.

DeviceLock DLP is designed to stop data leaks at the source, as nearly two thirds of serious data leakage incidents are caused by employees, contractors or visitors — whether through unintentional mistakes or malicious intent. DeviceLock solutions provide top-class protection of valuable data from this serious insider threat. The acquisition of these new capabilities will help advance Acronis’ mission to deliver world-class cyber protection to every business.

Acronis will integrate DeviceLock’s technology into the Acronis Cyber Platform, making new services available through the Acronis Cyber Cloud Solutions portal. At the same time, Acronis will continue to work on new versions of the DeviceLock DLP complex while maintaining full technical support.

Together with DeviceLock’s full DLP suite, Acronis will offer customers and partners a simple and affordable approach to preventing data leaks from corporate Windows and Mac laptops, desktop computers, and virtualized Windows sessions and applications, covering the Five Vectors of Cyber Protection — safety, accessibility, privacy, authenticity, and security (SAPAS) of all data, applications, and systems.

“By adding DeviceLock’s solutions to our portfolio of cyber protection products and services, we’re giving our partners and customers an easy way to deliver an unprecedented level of functionality among endpoint DLP solutions in an affordable price range,” said Serguei “SB” Beloussov, Acronis’ Founder and Executive Officer. “We are looking at both developing new solutions internally, as well as acquiring additional leading vendors to add even more capabilities to our existing repertoire. The world of IT security is always changing, and we are determined to continue evolving our solutions to meet the ever-changing needs of the market.”

Acronis sees the value in offering DeviceLock’s services to its community of 50,000 partners in the IT channel, enabling MSPs and service providers to better manage the data protection needs of their clients. Acronis’ ability to meet infrastructure deployment requirements by location, budget, and use case provides them with the best in control and flexibility, to deliver cyber protection with Acronis Cyber Protect. Acronis plans to continue enhancing its cyber protection offerings, and adding capabilities requested by partners and customers.

“By merging with Acronis, we can accelerate product innovation, expand our distribution channel, and leverage our existing technology to meet customer requirements,” said Ashot Oganesyan, DeviceLock CTO and Founder. “With the knowledge gained from nearly a quarter century of experience providing device control and endpoint data leak prevention solutions, we are certain that this acquisition will protect millions more users and ensure secure and reliable data protection deployments worldwide.”

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions. With award-winning AI-based anti-malware and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises — at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million home users and 500,000 companies, including 100% of the Fortune 1000, and top-tier professional sports teams. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages. For more information, please visit www.acronis.com.

About DeviceLock, Inc.

Established in 1996, DeviceLock, Inc. provides device control and endpoint data leak prevention software solutions to businesses of all sizes and industries. Protecting 4 million computers in more than 5,000 organizations worldwide, DeviceLock has a vast range of corporate customers including financial institutions, state and federal government agencies, classified military networks, healthcare providers, telecommunications companies and educational institutions. For more information, visit DeviceLock at www.devicelock.com and on Twitter at https://twitter.com/DeviceLock

Contact:

Natalia Tashkeeva
Corporate Communications Director
+65 9643 9080 | natalia.tashkeeva@acronis.com 

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Related Links :

https://www.acronis.com/