Discover The World changes South Korea office

Discover the World recently changed its global network office in South Korea, the company said.

Discover the World´s Executive Vice President Ian Murray said, “I am delighted with the transition. With our local partner change in South Korea, we combined the best of Discover the World´s global knowledge and fresh approach with Daemyung Group´s strong background as the largest leisure group in the country with a wide portfolio of resorts, hotels, theme parks, sporting and cultural events.”

Discover the World has earned a reputation as a leader in global travel distribution and its success in developing a worldwide network of 63 offices in 80 countries capable of exceptional representation performance is unmatched. With a portfolio of nearly 100 clients utilizing its sales, marketing and business process outsourcing services, Discover the World remains a dominant innovator for the travel industry.

Centerbridge completes USD 1.26bn acquisition of Syncsort and Vision Solutions

Centerbridge Partners, L.P. (“Centerbridge”), a private investment firm, has completed the USD 1.26 billion acquisition of enterprise software providers Syncsort Incorporated (“Syncsort”) and Vision Solutions, Inc. (“Vision”) from affiliates of Clearlake Capital Group, L.P. (“Clearlake”), the company said.

As previously announced, Clearlake, which acquired Syncsort in 2015 and Vision in 2016, is retaining a minority ownership stake in the combined company.

Headquartered in Pearl River, NY, the new company benefits from a dramatic increase in global presence, as well as significantly expanded product offerings, afforded by the combination. It now serves more than 6,000 enterprise customers worldwide. Vision CEO, Nicolaas Vlok, will assist with the transition and become a senior advisor with the new company.

Syncsort is a recognized global leader in Big Iron to Big Data solutions, a fast-growing segment within the data management space that industry analyst Wikibon forecasts to be growing at 25% a year to USD 2.3 billion by 2020. Syncsort´s proven software efficiently delivers all critical enterprise data assets with the highest integrity for Big Data analytics, on premise or in the cloud. With its acquisition of Trillium Software in late 2016, the company is also now home to market-leading data quality software and expertise.

The Vision portfolio provides business resilience solutions for IBM i and AIX Power Systems platforms. Its software solutions are designed to protect data, minimize downtime and maximize resources for the modern data center. The recent acquisition of Enforcive Systems, an IT security and compliance management solutions provider, drives a unique convergence of high availability, disaster recovery and security capabilities to protect an organization´s data. With the addition of the Vision portfolio, Syncsort is well positioned to capitalize on significant investments being made across the industry in tuning Power Systems to serve next-generation machine learning use cases, on premise or in the cloud.

Evercore and Jefferies served as financial advisors to Syncsort and Vision Solutions. Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Centerbridge. Financing for the transaction was provided by Bank of America Merrill Lynch, Credit Suisse, Antares Capital, Golub Capital, Jefferies and SunTrust Robinson Humphrey.

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — from private equity to credit and related strategies, and real estate — in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of July 2017 has approximately USD 29 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives.

Clearlake Capital Group, L.P. is a private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake´s operational improvement approach, O.P.S.â„  The firm´s core target sectors are software and technology-enabled services; industrials and energy; and consumer. Clearlake currently has over USD 4 billion of assets under management and its senior investment principals have led or co-led over 90 investments.

Syncsort is a provider of enterprise software and the global leader in Big Iron to Big Data solutions. As organizations worldwide invest in analytical platforms to power new insights, Syncsort´s innovative and high-performance software harnesses valuable data assets while dramatically reducing the cost of mainframe and legacy systems. Thousands of customers in more than 85 countries, including 87 of the Fortune 100, have trusted Syncsort to move and transform mission-critical data and workloads for nearly 50 years. Now these enterprises look to Syncsort to unleash the power of their most valuable data for advanced analytics. Whether on-premise or in the cloud, Syncsort´s solutions allow customers to chart a path from Big Iron to Big Data. Experience Syncsort at www.syncsort.com.

Vision Solutions is a provider of business resilience solutions — high availability, disaster recovery, migration, data replication and security — for IBM Power Systems. For more than 25 years, customers and partners have trusted Vision to protect and modernize their environments, whether on-premises or in the cloud. Visit visionsolutions.com and follow us on social media, including Twitter, Facebook and LinkedIn.

The Weather Company, an IBM Business, to Integrate Global Flight Tracking Data from FlightAware

The Weather Company, an IBM Business (NYSE: IBM), announced that it is enhancing its global flight operations solution WSI Fusion, with live flight tracking data from FlightAware, the company said.

WSI Fusion provides early insight into changing flight, airport and airspace conditions, enabling aviation providers to carefully plan and track flights, optimize operations and reduce the impacts of disruptive events. With the addition of FlightAware´s data, including its private network of over 12,000 Automatic Dependent Surveillance — Broadcast (ADS-B) ground stations in over 160 countries, WSI Fusion customers will have access to enhanced flight following capabilities worldwide.

The Weather Company will fuse together flight tracking data from FlightAware with The Weather Company´s real-time and forecast weather information, which was recently cited as the world´s most accurate forecast, providing early insight and an actionable view that enables operations to make more informed decisions for their crew and passengers. By partnering with FlightAware, the leader in flight tracking data, The Weather Company will have access to a full complement of aircraft tracking data from across the globe.

ADS–B is a surveillance technology in which an aircraft automatically determines its position and broadcasts it, enabling it to be tracked. The information can be received by air traffic control ground stations as a replacement for secondary radar, and it can also be received by other aircraft to provide situational awareness and allow self-separation.

For more information on The Weather Company´s aviation solutions, visit: https://business.weather.com/industry-solutions/aviation. For more information on FlightAware´s intelligent data platform, visit: flightaware.com.

The Weather Company, an IBM Business, helps people make informed decisions and take action in the face of weather. The company offers the most accurate, personalized, and actionable weather data and insights to millions of consumers, as well as thousands of marketers and businesses via Weather´s API, its business solutions division, and its own digital products from The Weather Channel (weather.com) and Weather Underground (wunderground.com).

FlightAware is the world´s largest flight tracking data company and provides over 10,000 aircraft operators and service companies as well as over 12,000,000 passengers with global flight tracking solutions. FlightAware leverages data from air traffic control systems in over 55 countries, from FlightAware´s network of over 12,000 ADS-B ground stations in over 160 countries, Aireon space-based ADS-B and using global datalink. FlightAware is privately held with offices in Houston, New York and Singapore.

XVELA named a Stratus Award Winner for Cloud Collaboration

XVELA, creators of the world´s first cloud collaboration platform for ocean carriers and terminal operators, has received the 2017 Stratus Award for Cloud Collaboration by the Business Intelligence Group, the company said.

The Stratus Awards honor companies, products and people that offer unique solutions that take advantage of cloud technologies.

The Cloud Collaboration Award is presented to a product or service that helps organizations and groups meet, share and work in the cloud. XVELA provides the industry´s only cloud collaboration solution that brings terminal operators and ocean carriers together on a single, secure, shared platform to facilitate real-time, many-to-many data exchange and collaboration, beginning with stowage planning and quickly expanding to shipping execution.

With XVELA, shipping lines and terminal operators are able to connect, simplify and synchronize their operations, improve resource utilization, and proactively adjust to potential disruptions while improving customer service. By providing an industry collaboration platform with shared stowage planning information and actionable visibility into both carrier and terminal operations, XVELA empowers stakeholders to maximize efficiency and cost savings from stowage planning through execution.

XVELA provides a transformative cloud collaboration platform that drives transparency, efficiency and profitability to a network of ocean carriers and terminal operators. Through real-time collaboration using shared, unbiased data, plus actionable visibility across the vessel rotation, XVELA enables terminals, carriers and operational partners to work together to synchronize their operations and forge new efficiencies throughout the stowage planning and execution process. The result is a win-win solution that allows both terminals and carriers to see the full stowage picture, improve customer service and reliability, and capture substantial untapped savings across the ocean supply chain.

Backed by Navis, the global technology standard for managing the movement of cargo through terminals, XVELA operates as an independent entity focused on stowage planning and management innovation. For more information, visit www.xvela.com.

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives–those with experience and knowledge–judge the programs. The organization´s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

El Al Israel Airlines announces Q2 financial results

El Al Israel Airlines (TASE: ELAL) has announced that revenues in the second quarter of 2017 amounted to approx. USD 541 million, compared to approx. USD 537 million in the second quarter of the previous year, an increase of about 0.6%, the company said.

Gross profit in the second quarter of 2017 amounted to approx. USD 107 million, compared to approx. USD 124 million in the second quarter of the previous year, a decline of about 13%;

Operating profit in the second quarter of 2017 amounted to approx. USD 27 million, compared to approx. USD 51 million in the second quarter of the previous year, a decline of about 47%;

Net profit in the second quarter of 2017 amounted to approx. USD 16.4 million, compared to a profit of approx. USD 35 million in the second quarter of 2016, a decline of about 53%;

The number of flight segments in the second quarter of 2017 increased by approx. 2.4% compared to the second quarter of the previous year; the Company´s market share of passenger traffic at Ben Gurion Airport in the second quarter of the year was approx. 29.5%, compared to 34.2% in the second quarter of 2016;

Passenger Load Factor in the second quarter of 2017 stood at approx. 84.3%, compared to 83.1% in the second quarter of the previous year; the Company´s ASK (Available Seat Kilometer) declined by about 3% and RPK (Revenue Passenger Kilometer) decreased by about 1%;

El Al Israel Airlines Ltd. is the National Air Carrier of Israel. In 2016, El Al recorded revenues amounting to nearly USD 2 billion. El Al carries about 5.5 million passengers a year. The Company operates flights to about 34 direct destinations around the world and many other destinations by means of cooperation agreements with other airlines, thus it currently operates 43 aircrafts, of which 28 are owned by the Company.

Pulse Electronics Networking BU Introduces new Ethernet Connector Module

Pulse Electronics Networking BU, a supplier of communication network equipment and devices, has announced the release of the JT8 series of 1×2 and 1×4 10GBase-T Ethernet Connector Module, the company said.

The new connector modules have options of 4 and 5 channel magnetics and are available with or without light pipes. They are designed for servers, routers, switches, video displays, and gateway applications that require increased bandwidth. The 1×2 and 1×4 10GBase-T Ethernet Connector Modules allow flexibility and innovation for hardware designers.

Pulse Electronics is the electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in magnetics, antennas, and connectors, and can ramp quickly into high-quality, high-volume production. Pulse Electronics serves the wireless and wireline communications, power management, military/aerospace, energy, and automotive industries, and is a participating member of the IEEE, SFF, OIF, HDBaseT Alliance, CommNexus, NFC Forum, MoCA, and IWPC. Visit the Pulse Electronics Networking BU website at www.networking.pulseelectronics.com.

SendGrid Recognized as Advanced Tier Technology Partner in the AWS Partner Network

SendGrid, a customer communication platform that drives engagement and growth, has been selected as an Advanced tier Technology Partner in the Amazon Web Services (AWS) Partner Network (APN), the company said.

The accreditation reinforces SendGrid´s technology prowess and expertise in driving digital conversations at scale by sending over 1 billion emails per day on behalf of more than 55,000 paying customers.

This designation is the highest status a Technology Partner in the APN can receive. To reach Advanced status, AWS requires APN members to meet certain criteria, including increased technical validation, a higher number of public client references, and a favorable assessment in customer support and customer reviews. Only a portion of APN members achieve Advanced Technology status.

When SendGrid was founded in 2009, its founders built an advanced private cloud that enables customers to efficiently and reliably scale their sending on its platform. The company recently passed a major milestone, surpassing 1 trillion emails processed since its inception. While SendGrid has been complementing its private cloud by running workloads with public cloud providers in the past including AWS, the company is deepening and broadening its collaboration and aggressively expanding its footprint on AWS.

SendGrid is a proven, cloud-based customer communication platform that drives engagement and business growth. A leader in email deliverability, SendGrid has processed over 30 billion emails each month for internet and mobile-based customers like Airbnb, Pandora, Spotify, Uber and Foursquare as well as more traditional enterprises like Intuit and Costco. For more information, visit www.sendgrid.com.

Northern Trust named asset servicing provider for Boeing Retirement Plan

Northern Trust has been selected to provide global custody and related services, including financial and regulatory reporting, to the defined contribution retirement plan of The Boeing Company, the company said.

Boeing has one of the largest DC/401(k) plans in the United States, with approximately USD 54 billion in assets. In addition to global custody, valuation and unitization of assets, Northern Trust will provide a range of regulatory and performance reporting solutions, compliance monitoring, derivatives processing and third-party custom cash fund servicing.

Northern Trust provides custody and administrative services to more than USD 358 billion in DC assets, as of June 30, 2017. Retirement Solutions takes a consultative approach to addressing the needs of plan sponsors and participants while offering a suite of solutions aimed at improving retirement outcomes. More information can be found here.

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America´s biggest manufacturing exporter, the company supports airlines and US and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

Spirent Tests Wi-Fi Network Performance with O2 at Coca-Cola London Eye

Spirent Communications plc (LSE:SPT) has announced its Landslide E10 network test platform has been used with O2 to validate the Wi-Fi network performance and capacity at the Coca-Cola London Eye, before the launch of a new smartphone application last month, the company said.

Merlin Entertainments plc, operator of the London Eye, wanted to measure its Wi-Fi network performance, to ensure its infrastructure could provide an excellent experience for users of the new app, which puts increased demands on the Wi-Fi network.

Wi-Fi networks have grown in recent years to help deliver more smartphone app traffic, including both voice and real-time video. So providers like O2 must ensure that networks can provide good user experience, whether at a visitor attraction, a sports arena, a hotel, or across a city like London.

Spirent Landslide enables Wi-Fi providers to test their network performance and capacity by emulating users with a range of different devices, and the network traffic that they might generate.

Landslide E10 has been used with a number of different operators to proactively test the network from the end customer´s perspective, to assure the quality of experience for all customers. This can greatly reduce the time, cost and quality of testing and validating performance over traditional walk test methods by emulating the actions of real clients in a repeatable and scaleable manner.

Spirent Communications plc. (LSE: SPT) is the global provider of testing, assurance, analytics, and security solutions. From physical and virtual service provider networks and enterprise data centers to mobile communications and connected vehicles, Spirent works with innovators to help the world communicate and collaborate faster, better, and more securely to provide a superior user experience. For more information visit: http://www.spirent.com/About-Us/News_Room.

Roadrunner Transportation Systems divests Unitrans

Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, has signed a definitive agreement to sell its wholly-owned Unitrans, Inc. subsidiary to Quick International Courier for a purchase price of USD 95 million in cash, the company said.

Based in Los Angeles, Unitrans is a leading international cold chain logistics company with a core competency in serving highly demanding and fast-growing life sciences end markets. The transaction is expected to close in the current calendar quarter, subject to customary closing conditions. BMO Capital Markets served as the exclusive financial advisor to Roadrunner on this transaction.

Roadrunner is a leading asset-right transportation and asset-light logistics service provider offering a full suite of solutions under the Roadrunner Freight, Roadrunner Express, Roadrunner Temperature Controlled, Roadrunner Truckload Plus, Roadrunner Intermodal Services and Ascent Global Logistics® brands. The Roadrunner brand offers solutions including less-than-truckload, air and ground domestic and cross-border expedite, dry van and temperature controlled truckload logistics and intermodal services.