CiG Wireless Corp. (OTCBB: CIGW) a leading independent owner and operator of wireless communications infrastructure in the United States, said that it has acquired six telecommunications towers for a price of USD1.6m from PTA-FLA, INC. d/b/a, ClearTalk, a Florida based wireless telecommunications corporation.
“Closing the ClearTalk, transaction represents the achievement of another milestone as we build our tower portfolio. We look forward to continued growth through acquisition as we execute our business plan,” said Paul McGinn, president and CEO of CiG.
CIG Wireless Corp. develops, operates, and owns wireless and broadcast communication towers in the United States. As of December 31, 2012, the company owned 67 wireless communication towers in 17 states. CIG Wireless Corp. was incorporated in 2008 and is headquartered Atlanta, Georgia. The company´s website is at http://www.cigwireless.com.
SS&C Technologies (NASDAQ: SSNC) has announced a new release of its GoWire application that gives clients real-time access to critical cash flow movements.
This latest version of GoWire allows SS&C GlobeOp fund administration clients to control and authorize cash wire payments via SS&C GlobeOp´s secure web portal. GoWire supports a flexible authorized signatory policy, with multiple levels of authorizers, payment amount thresholds and wire purpose restrictions. GoWire provides SWIFT connectivity to top-tier prime brokers and custodians. Payment references from the financial institutions are made available via the portal for easy access and reference.
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Additional information about SS&C is available at www.ssctech.com.
Cimetrix Inc. (OTC: CMXX) (www.cimetrix.com) has announced the availability of the latest service release of the CIMConnect software toolkit.
CIMConnect software provides libraries, sample applications, testing tools, and GEM Manual template for developing and deploying communication interfaces on manufacturing equipment. The CIMConnect architecture supports both the SEMI SECS/GEM standard and the SEMI PV2 standard, as well as multiple independent host interfaces with a generic communication abstraction layer.
Cimetrix develops and supports factory automation software products for the global semiconductor, photovoltaic, LED, and other electronics industries. For more information, visit www.cimetrix.com.
UK retail company Waitrose said today that its customers appear to be getting into the spirit of Wimbledon as it released its weekly sales figures, which showed a rise in sales of traditional British summer food such as strawberries and cream, as well as drinks like Champagne and Pimms.
The high-end grocer, which owned by The John Lewis Partnership’s 84,700 Partners, revealed that its sales increased by 14.5% for the week ending 22 June 2013, in comparison to the same period last year. The company shares its profits and benefits with all its Partners.
Two of the main UK summer events at Royal Ascot and Wimbledon are said to have influenced sales patterns at Waitrose, which said its customers trended towards its posh picnic and dining ranges, with sales of bottles of Champagne rising by 54% and other sparkling wines up by 35% in comparison to the same week last year.
The supermarket’s promotion of English strawberries saw sales increased by 47%, while the traditional accompaniment of double or single cream rose by 59% and 78% respectively. The company also achieved an increase in 66% on scones and 48% on clotted cream, compared to 2012.
Sales of Pimm’s, the traditional Wimbledon drink, also grew by 96% and gin sales rose by 51%, while bottled cider sales were higher by 28%.
Despite the absence of sunshine in the UK so far this year, Waitrose added that the summery trend in food sales also saw rises in salads, smoked salmon, barbecue meats and ice cream sales.
NetSuite Inc. (NYSE: N) reported that award-winning children´s travel product manufacturer and retailer, Trunki, has moved from Sage Line 50 to NetSuite cloud ERP and SuiteCommerce solutions.
Since appearing on BBC´s Dragon´s Den in 2006, Trunki has grown exponentially, supplying leading retailers such as John Lewis, Argos and Sainsbury´s, and shipping products to more than 97 countries worldwide. The move to NetSuite´s cloud-based solutions is integral to Trunki´s ambitious expansion strategy. It relies on NetSuite for financials, order management, inventory management and demand planning. It is also taking advantage of NetSuite SuiteCommerce to expand Trunki´s sales channels to B2B and B2C.
NetSuite SuiteCommerce enables B2C and B2B merchants, manufacturers and distributors to seamlessly connect every step of a multi-channel, multi-location business. Visit www.suitecommerce.com for more information.
Since its inception in 1998, NetSuite has established itself as the provider of enterprise–class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. For more information about NetSuite, visit www.netsuite.co.uk.
Hadoop Summit – Simba Technologies reported it has partnered with Informatica Corp. (NASDAQ: INFA) to provide improved read and write access to the MongoDB and Cassandra NoSQL data sources in support of business intelligence (BI) and big data analytics projects.
Integrating Simba´s connectors into the Informatica Platform enhances its power to access, process, and act on the data which feeds various BI, data analysis and reporting applications such as Excel, Microsoft, Alteryx, Tableau, SAP BusinessObjects, Crystal Reports and countless others.
Informatica is the world´s number one independent provider of data integration software.
Simba Technologies (www.simba.com) is the recognized world leader in standards-based data access and analytics products and solutions for both relational and multi-dimensional data sources. For more information about Simba´s BIG DATA drivers, visit http://www.simba.com/connectors
Alvarion Ltd. (NASDAQ: ALVR) said it has entered into a definitive agreement with Clal Finance Underwriting Ltd. to invest USD1.2m in the company (USD1m net of transaction-related expenses).
The agreement provides for the issuance of ordinary shares equal to approximately 10.5% of the company´s pre-transaction outstanding share capital, and warrants to purchase an additional number of ordinary shares equal to approximately 5.1% of the company´s pre-transaction outstanding share capital. The exact number of shares to be issued to Clal Finance and the number of shares issuable upon exercise of the warrants granted to Clal Finance shall be determined based on a formula taking into consideration the market price of the company´s ordinary shares prior to and following this announcement.
The parties expect the closing to be consummated by June 30, 2013 or shortly thereafter.
Alvarion provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. The company´s website is at www.alvarion.com.
US airframer Cessna (NYSE: TXT) said that its new Citation Longitude business jet will utilizs the PERT thrust reverser from French aerospace firm Safran´s Aircelle unit.
Cessna said that the thrust reverser will equip the aircraft´s two Silvercrest jet engines built by Snecma, which also is part of Safran.
The PERT agreement – which includes supply of the thrust reversers and product support to Cessna – was signed TODAY by Aircelle chairman & chief executive officer Vincent Mascré and Justin Salmans, the Cessna Aircraft company´s senior vice president of Procurement.
Safran´s PERT (Planar Exit Rear Target) thrust reverser is a design with two blocker doors that serve as the engine´s exhaust exit during flight, and are deployed on landing for the reverse thrust function.
This concept provides and combines thrust reverser effectiveness with an optimised weight, the firm said. For its application on Cessna´s Citation Longitude, Aircelle said it will increase the use of composite materials and apply additional advanced acoustic treatment.
Cessna´s Citation Longitude is the company´s entry into the super midsize business jet category, setting new standards in private business travel for cabin efficiency, technology, luxury and comfort.
The next-generation Snecma Silvercrest engine has a takeoff thrust rating of 11,000 lbs. on the Citation Longitude, and includes state-of-the art technologies for high performance and reliability.
Find out more at www.aircelle.com.
UK retail general insurer Direct Line Insurance Group plc announced today that it intends to continue its business transformation plan and improve its operational efficiency, with further initiatives that include cutting staff numbers by 2,000.
The group said the redundancies will affect staff at its head office and in support functions, adding that consultations with staff and their representative bodies have begun. The redundancies are expected to be mitigated through redeployment and the group added that it will also do its utmost to assist those affected in seeking new employment opportunities.
A cost savings plan was announced by Direct Line Group in August 2012, which was designed to make gross annual cost savings of GBP100m in 2014, as compared to the cost base of GBP1,134m in 2011. The plan is expected to offset other anticipated increases in expenses, with the intention of keeping the company’s the cost base broadly flat between 2011 and 2014. The cost base for 2014 is now targeted to be around GBP1,000m, reflecting over twice the gross annual cost savings that were estimated last year, as well as an expected net reduction in annual costs of approximately GBP130m in comparison with the 2011 cost base.
Direct Line Group also stated that restructuring costs for its cost reduction initiatives, which include provisions for onerous property leases, are now expected to be approximately GBP180m. Of these restructuring costs, GBP30m was recognised in 2012 and GBP150m is expected to be recognised in 2013 or in 2014, when the phasing will be finalised. The costs for migrating the Group’s IT infrastructure are expected to remain unchanged at GBP100m.
Paul Geddes, Direct Line Group’s chief executive, commented:
“This is another step in the ongoing transformation of Direct Line Group and an important part of our aim to regain competitive edge. While we continue to invest in the business with the aim of winning in a market which is changing fast, it’s clear that we need to become more efficient to deliver the good service and value our customers expect. We have not made these proposed changes lightly and understand the impact they will have on our people. As we have done in the past, we will deal fairly and carefully with those impacted, and do all we can to support them through these changes.”
German utility E.ON SE (ETR:EOAN) said today it had signed a deal to sell its 62.8% stake in regional unit E.ON Westfalen Weser AG to a consortium of municipal co-owners for some EUR360m (USD470.6m).
Under the terms of the deal, E.ON will buy back retail subsidiary E.ON WestfalenWeser Vertrieb GmbH and certain other shareholdings held by Westfalen Weser, it noted.
The disposal serves the company’s plan, unveiled in the middle of last year, to reorganise its regional utility operations in the country and focus on four regional utilities, namely, E.ON Avacon AG, E.ON Bayern AG, E.ON edis AG and E.ON Hanse AG.
The transaction is expected to be completed soon.
The target, which is based in Paderborn operates about 31,500 km (19,570 miles) of power lines and some 4,000 km of gas pipelines, as well as supplies drinking water and district heating. It has a staff of some 1,000.
Reuters earlier reported that E.ON was nearing a deal to sell its Westfalen Weser stake. It cited two members of the buying group of German municipalities, namely the German cities of Paderborn and Herford, which hold interests in the target.