Security firm G4S increases presence in Belgium

British security solutions provider G4S Plc (LON:GFS) on Friday unveiled the purchase of two firms in Belgium from local safety solutions company ASC-Group for a total cash price of GBP2.98m (USD4.8m/EUR3.7m), in a move to enhance its portfolio in the country.

Under the deal, G4S has taken over ASC NV and ASC Safety Services BVBA, providers of expert fire and safety personnel, health and safety training, as well as rental, sale and maintenance of safety equipment to Belgian corporations and industry, it said.

With this move, G4S continues its strategy of building a top global security solutions business, by growing its offering with the addition of sectors such as fire, health, safety services and training solutions, Jean-Paul Van Avermaet, the chief executive of G4S Belgium and G4S Luxembourg said in a comment.

The transaction was carried out by G4S’ unit in Belgium following an agreement with ACS-Group’s owners Haann BVBA, Hans Buitendijk and Ann Van Durme, the buyer said.

The ASC-Group, Belgium’s second largest fire and safety company, was established in 1994 by its current CEO Hans Buitendijk.

G4S has government, corporate, industrial and financial institutions among its clients. It provides them with manned security, care and justice services, security systems and cash solutions, including management and transportation of cash and valuables, as well as the implementation of other outsourced business processes in sectors faced with security and safety risks.

Redrow secures takeover panel extension as firm bids fail to emerge

British housebuilder Redrow Plc (LON:RDW) said that at its request the UK Takeover Panel extended until 18 October the deadline for Bridgemere Securities Limited in concert with funds Toscafund Asset Management LLP and Penta Capital LLP to make a firm offer for the company.

Bridgemere, a company owned by Redrow’s chairman Steve Morgan, together with Tosca and Penta proposed on 31 August to take over Redrow at GBP1.52 (USD2.50/EUR1.90) a share in cash and initially had to announce a decision regarding a firm offer by 4 October.

Already owner of some 40% in Redrow, Bridgemere has said that the buyout proposal represents a strong value considering the performance of Redrow’s share in recent years when they traded at a substantial discount to the reported net asset value over extended periods of time.

The proposed price is a premium of 23.8% to Redrow’s 90 trading-day volume-weighted average and is higher than Redrow’s December 2011 reported net asset value of GBP1.50 per share and than its adjusted December 2011 reported net asset value of GBP1.46 a share, the buyer has said.

Toscafund and Penta are not yet considered joint offerors and are currently discussing with the UK’s Takeover Panel and Redrow their potential participation in the buyout offer, Bridgemere said in August.
Toscafund is also a Redrow shareholder with a stake of about 13.8%.

In its current statement, Redrow said that the 18 October deadline for a firm bid could be further extended and that there was no certainty that an offer would emerge.

According to Reuters calculations, the current proposal values the target firm at GBP562m.

Multiscreen advertising for linear TV over IP platforms demonstrated by BlackArrow

Advanced advertising solutions provider BlackArrow has announced new technology which bridges the gap between traditional linear TV ad sales and ad execution on new platforms to extend premium pay-TV advertising to new screens.

Advanced advertising solutions provider BlackArrow has announced new technology which bridges the gap between traditional linear TV ad sales and ad execution on new platforms to extend premium pay-TV advertising to new screens.

At the September 2012 CableLabs Linear and IP Ad Interop event in Louisville, CO, BlackArrow previewed a new set of services and interfaces, collectively called linear extensions for dynamic ad insertion, which are designed to seamlessly blend the outputs from traditional linear TV ad systems with dynamic ad insertion capabilities.

Consisting of services that manage linear schedules, linear placement opportunities, ad decisioning, subscriber and zone information services, as well as services which interface with the new CableLabs Event Signaling and Messaging specification, the BlackArrow technology enables pay-TV operators to monetise linear TV delivered to tablets and other IP devices in a number of ways, including:

Linear replication, which uses linear schedule ingest and real-time dynamic ad insertion to replicate, on tablets and IP devices, the original linear TV ads; and linear addressability, which combines subscriber information from the BlackArrow subscriber information service product and real-time dynamic ad insertion to deliver household-addressable linear TV advertising to any platform.

BlackArrow is privately held, and backed by Cisco Systems (NASDAQ: CSCO), Comcast Ventures, Intel Capital (NASDAQ: INTC), Mayfield Fund, Motorola Mobility Ventures, Polaris Venture Partners and Time Warner Cable. The company has offices in New York City and San Jose, Calif.

ExactTarget promotes executive leadership team

Global interactive marketing provider ExactTarget (NYSE: ET) has promoted two members of its executive leadership team.

Global interactive marketing provider ExactTarget (NYSE: ET) has promoted two members of its executive leadership team.

Scott McCorkle has been promoted to president, technology and strategy. He previously served as chief operating officer and has led the company’s product and technology team since 2005.

Andy Kofoid has been promoted to chief operating officer. Kofoid previously served as executive vice president, Global Sales, a position he has held since joining the company in 2010.

As president, technology and strategy, McCorkle leads the company’s product strategy and vision across its expanding product lines that currently include email, mobile, social media, data, platform and web products. McCorkle also leads ExactTarget’s client-driven product design and innovation efforts, working closely with clients worldwide to rapidly bring to market new cross-channel marketing innovations.

In his new role as chief operating officer, Kofoid leads the newly combined sales and client services organization worldwide, responsible for all new business, existing business and professional services delivery. Kofoid assumes the leadership of the company’s professional client services organization from Sameer Kazi, who is transitioning from his role of senior vice president, client services to senior vice president and general manger, ExactTarget EMEA. In his new role, Kazi manages ExactTarget’s operations in the U.K. and Germany and will lead the company’s growth throughout the region.

ExactTarget is a leading global provider of email marketing and cross-channel interactive marketing software-as-a-service solutions that empower organizations of all sizes to communicate with their customers through email, mobile, social media and websites. For more information, visit