CHICAGO: Strata Decision Technology has reached a definitive agreement to acquire EPSi from Allscripts for $365 million, a news release said. EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems. “By bringing these two outstanding companies together, we believe that we can build one of the most…
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Worldwide smartphone shipments decline 16% in the second quarter of 2020
FRAMINGHAM: Overall smartphone shipments worldwide declined 16.0% in the second quarter of 2020 (2Q20), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. In total, companies shipped 278.4 million smartphones during 2Q20. Although this a larger decline than in the first quarter, it was expected as major economies around…
Spectrum Pharmaceuticals announces proposed public offering of common stock
HENDERSON: Spectrum Pharmaceuticals Inc. intends to offer and sell shares of its common stock in an underwritten registered public offering, a news release said. All of the shares in the offering are to be sold by Spectrum. Spectrum also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of…
Major victory for California dairy farms
SACRAMENTO: A decisive victory for small family dairy farms was won this week in what has been called a civil war in the California dairy industry. In a proceeding before The California Department of Food and Agriculture, Administrative Law Judge Timothy J. Aspinwall issued a much-awaited decision on a petition that could have put hundreds…
Zyxel launches MPro Mesh system for whole-home WiFi
ANAHEIM: Zyxel Communications announced the launch of the MPro Mesh system for whole-home WiFi and the addition of two new WiFi 6 products for service providers: EX3510 AX5700 WiFi 6 Gigabit Ethernet Gateway and WX3310 Dual-Band Wireless AX Gigabit Access Point/Extender. The new Zyxel CPE products deliver lightening-fast throughput speeds enabling operators to provide ultra-high…
Star Media Group selects Triton Digital for full suite of audio products
KUALA LUMPUR: Triton Digital, the global technology and services provider to the online audio and podcast industry, announced that Star Media Group, Malaysia’s leading integrated and innovative media group, has selected Triton Digital to power the delivery, monetization, and measurement of its streaming audio and podcast content. Through this partnership, Star Media Group will utilize…
Altice USA to sell 49.99% of Lightpath Fiber Enterprise Business to Morgan Stanley for $3.2bn
NEW YORK: Altice USA has agreed to sell 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will receive total gross cash proceeds of approximately $2.3 billion from the sale and related financing activity (net cash proceeds of approximately $1.1 billion…
East Daley Capital hires Ethan Bellamy as Managing Director of Midstream Strategy
CENTENNIAL: East Daley Capital Advisors Inc., the premier midstream energy data and insights company, announced that Ethan Bellamy has joined as Managing Director of Midstream Strategy. Bellamy brings over 15 years of experience in midstream equity research. He joins East Daley from Baird, where he was most recently Senior Equity Analyst covering Energy Infrastructure. “We’re…
Utilligent and Infor partner to help utilities overcome business challenges
LOS ANGELES: Infor, a global 2019 Gartner Magic Quadrant leader in business cloud software specialized by industry, and management consulting firm Utilligent announce an alliance to bring their enterprise asset management (EAM) solution to utility companies to optimize maintenance operations, extend asset life, and reach new levels of efficiency. “For almost two decades, Utilligent has…
Sortis Holdings acquires Sustainable Restaurant Group, owner of Bamboo Sushi
PORTLAND: Sortis Holdings Inc., a Portland-based investment firm, has acquired Sustainable Restaurant Group (SRG), owner of Bamboo Sushi, out of bankruptcy, a news release said. Sortis, in conjunction with its Sortis Rescue Fund announced in May, acquired SRG and will assume full operational control. A hearing held earlier this month in Delaware approved the plan…
ExxonMobil recommends shareholders reject below-market mini-tender offer by Ponos Industries
IRVING: Exxon Mobil Corporation has received notice of an unsolicited mini-tender offer by Ponos Industries LLC to purchase up to 1 million shares of ExxonMobil common stock, which represents approximately 0.024 percent of the shares outstanding as of the April 27, 2020 offer date. Ponos’ offer price of $48 per share is conditioned on the…
Moody’s announces environmental sustainability commitments
NEW YORK: Moody’s Corporation has established new environmental sustainability commitments and progress milestones, including plans for expanding its carbon neutrality and procuring 100% renewable electricity, as well as target goals for reducing its greenhouse gas (GHG) emissions. “Contributing to an environmentally sustainable global future is a key business objective for Moody’s,” said Mark Kaye, Chief…