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NEW YORK–(BUSINESS WIRE)–CI&T (NYSE: CINT), a global digital specialist, announces today the execution of a sale and purchase agreement to acquire NTERSOL Consulting LLC (“NTERSOL”), a U.S. based digital transformation provider, to expand its financial services expertise in North America.

Headquartered in Irvine, CA, NTERSOL is a strategy and solutions firm providing digital transformation services to leading companies throughout the financial sector. Helping companies rethink and reshape their operations for the digital age, NTERSOL’s core industry expertise lies within the banking, financial services and insurance (BFSI) vertical.

“The NTERSOL teams are highly skilled entrepreneurs and talented digital practitioners, making them a great addition to our growing CI&T global family,” stated Cesar Gon, Founder and CEO of CI&T. “With the North American side of our business experiencing record growth, this acquisition enhances our ability to rapidly expand our team to meet the growing demands of existing and new clients as we continue to offer world-class digital transformation and digital efficiency capabilities at speed and scale.”

CI&T’s digital transformation expertise has accelerated business impact for leading brands around the world. By combining insight-driven digital strategy, customer-centric design, and best-in-class engineering, CI&T brings ideas to market faster, generating immediate business results. As part of this strategic acquisition, NTERSOL will add more than 170 U.S.-based digital specialists to CI&T including an executive roster of seasoned veterans, a core team of developers and product and business strategists. This strategic acquisition further expands CI&T’s operations in North America and bolsters the company’s expertise and capabilities within the financial segment.

“The world’s most innovative financial institutions partner with CI&T to build digital experiences, co-create business strategies and implement superior customer-centric user experiences,” added Leo Mattiazzi, Partner and Executive Vice President of CI&T. “We are excited to combine our strengths and reinforce our capabilities with NTERSOL’s brilliant team to further expand our industry expertise and offer best in class digital solutions to BFSI companies across the globe.”

“At a time when digital is moving faster than ever, we look forward to bringing the best of our expertise to CI&T and together drive the strategic digital and business transformation of leading companies in the financial services sector,” stated Tony Jenkins, CEO & Founder of NTERSOL. “CI&T and NTERSOL have a shared vision focused on delivering innovation and unlocking growth opportunities for clients, and by joining CI&T, we will be able to scale our offerings and tap into a global workforce to provide a full suite of capabilities and create ongoing value.”

The completion of this transaction is subject to the satisfaction of customary closing conditions and is expected to happen during the fourth quarter of 2022.

About NTERSOL

NTERSOL provides digital transformation solutions to banks, lenders, and financial institutions. With a team of more than 170 industry experts and technology veterans, NTERSOL is uniquely positioned to help clients improve their customer experiences, combat inefficiencies, and drive revenue through custom software solutions.

About CI&T

CI&T (NYSE:CINT) is a global digital specialist, a partner in digital transformation for 100+ large enterprises and fast growth clients. As digital natives, CI&T brings a 27-year track record of accelerating business impact through complete and scalable digital solutions. With a global presence in nine countries with a nearshore delivery model, CI&T provides strategy, data science, design, and engineering, unlocking top-line growth, improving customer experience, and driving operational efficiency. Recognized by Forrester as a Leader in Modern Application Development Services, CI&T is the Employer of Choice for more than 6,700 professionals.

Cautionary statement on forward-looking statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including expectations relating to revenues and other financial or business metrics; statements regarding relationships with clients; and any other statements of expectation or belief. Forward-looking statements represent our management’s beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from what we expect. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from results expressed or implied in this press release. Additional information concerning these and other risks and uncertainties are contained in the “Risk Factors” section of CI&T’s annual report on Form 20-F. Except as required by law, CI&T assumes no obligation and does not intend to update these forward-looking statements or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contacts

Investor Relations Contact:
Eduardo Galvão
investors@ciandt.com

Media Relations Contact:
Zella Panossian
ciandt@illumepr.com

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Combined businesses focus on practice management technology needs of mid-market law firms

AUSTIN, Texas & SAN FRANCISCO–(BUSINESS WIRE)–Actionstep, the cloud-based practice management platform for law firms, announces that it has acquired the legal software business, LawMaster. The transaction brings together two innovative practice management software companies serving the needs of mid-market law firms. The combined businesses will drive additional technology investment, consolidate many years of learnings in legal tech and provide existing LawMaster customers with extended cloud technologies.

The deal combines more than 50 years of pioneering legal tech development and legal sector knowledge. Together, Actionstep and LawMaster provide a scaled legal tech company with plans to further invest in technology specifically for mid-market law firms.

Actionstep has accelerated its growth in the legal practice market globally with its market leading and powerful cloud-based offering, providing a highly adaptable, all-in-one practice management platform. In 2020, Actionstep received a significant investment from Serent Capital to support the company’s global expansion. With almost 20,000 daily subscribers, Actionstep has achieved significant scale and continues to invest in the development of its technology for the growing mid-market segment.

Stewart Lynn, Partner at Serent Capital added, “We have been tracking LawMaster for a number of years, so when we had the opportunity to bring together LawMaster with Actionstep we immediately saw the opportunity to create an industry-leading platform.”

LawMaster’s customer base of nearly 4,000 daily subscribers is made up of many prestigious Australian firms in the upper mid-market. LawMaster’s primary product is a feature-rich, highly configurable legal practice management solution. Prior to the deal, LawMaster has been investing in cloud technologies and successfully launched Mattero, a strong cloud-based practice management system for smaller practices.

The combination of LawMaster and Actionstep means the new business services over 11,000 subscribers in Australia alone.

The two companies will continue to operate as separate businesses with David Toohey, the founder and CEO of LawMaster continuing to lead LawMaster. David has spent over 40 years developing market leading, functionally rich technology for law firms. This transaction gives LawMaster customers and team members an opportunity to be part of a global business and an exciting future technology investment plan.

The new business will work closely with all LawMaster customers to ensure the continuation of Blue Ribbon quality service and understand their current and future technology requirements.

David Hepburn, Global President of Actionstep commented, “We are excited to join forces with LawMaster, this brings together two amazing companies in the legal tech space, positions us for further growth and will fuel major technology investment to benefit the legal industry. Our priority as a business is to ensure our combined customers enjoy using our software – both day to day and in support of their future business plans.”

David Toohey, CEO, LawMaster commented, “Today begins an exciting new chapter and we are thrilled to be joining the Actionstep team. As ever, we will remain focused on our customers’ needs and building market leading and innovative technology. Under one company with one set of values and a shared roadmap, the unified team can focus on propelling our customers’ businesses to new heights.”

About Actionstep

Actionstep is a fast-growing, dynamic SaaS business with a global customer base and team. Actionstep provides an adaptable, all-in-one legal practice management platform for modern mid-market law firms. Built in the cloud, with workflow at its heart, Actionstep streamlines legal productivity at every step.

Actionstep gives law firms all the tools needed to run a firm with clarity and confidence by combining Matter Management, CRM, Document Assembly & Storage, Time & Billing, Trust & Office Accounting, Reporting and much more in one complete system.

With unlimited scope to adapt and evolve, Actionstep’s legal practice management software takes law firms every step of their journey as thriving legal practices. www.actionstep.com

About LawMaster

The LawMaster group has developed and supports two leading legal practice software products – LawMaster® and mattero™, which provide management solutions for different practice needs.

LawMaster® offers a comprehensive practice management software solution for high volume, commercial legal enterprises. LawMaster®’s fully integrated, intelligent functionality, designed for complex and interrelated matter management, improves visibility and automates administrative tasks to upgrade law firm performance and productivity.

mattero™ provides an intelligent mobile solution that simplifies matter management to maximise performance and legal-life balance. The mattero™ cloud-based tool easily adapts as caseload grows or practitioners may transfer their database to LawMaster® if a larger scale solution is required. www.lawmaster.com.au/

About Serent Capital

Serent Capital invests in growing businesses with compelling solutions that exceed customer needs. As businesses grow and evolve, the opportunities and challenges they face change with them. The principals at Serent Capital have firsthand experience navigating growth through their experiences as CEOs, strategic advisors, and board members to successful businesses. Serent leverages their expertise and capital to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.

Contacts

Kathleen Rochard
Kathleen.Rochard@SerentCapital.com
www.SerentCapital.com

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LONDON–(BUSINESS WIRE)–#EVFLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced today the acquisition of Plugsurfing, a leading European electric vehicle (EV) software and network provider to vehicle OEMs, charge point operators (CPO), and fleets.

“The acquisition demonstrates FLEETCOR®’s commitment to developing world-class EV solutions for our thousands of commercial fleet customers, including access to European EV roaming capabilities and software applications for drivers and fleet managers,” said Tom Rowlands, global managing director of EV at FLEETCOR. “In addition, Plugsurfing allows us to pursue new customer segments by serving CPOs with software to manage their charging infrastructure and providing OEMs with a white-label EV solution. We’re excited to have Plugsurfing join the FLEETCOR family.”

Plugsurfing has developed a proprietary EV charging network in Europe with over 300,000 charge points, or nearly 80% of all charge points in Europe. The Plugsurfing app provides access to comprehensive tariff information and facilitates payment for EV charging. This capability is an essential tool for EV drivers and is available directly and as a turnkey white-label solution to EV OEMs for distribution to their customers.

In addition, Plugsurfing also serves CPOs with API, cloud-based operating software that enables CPOs to run their hardware efficiently and effectively, including managing payments of charging events.

Since its founding in 2012, Plugsurfing has processed about 20 million charging sessions and has been at the forefront of consolidating and simplifying the European EV ecosystem.

“We’re thrilled to bring a boost to the electric future in Europe through our acquisition by FLEETCOR. With their distribution and resources, we can scale our Plugsurfing platform to better serve existing and future customers on the EV journey that will continue to evolve over time. We’re excited about the prospects for continuing to help usher in an EV future,” Tatu Kulla, chief executive officer at Plugsurfing.

About FLEETCOR®

FLEETCOR Technologies (NYSE: FLT) is a leading global corporate payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

About Plugsurfing

Plugsurfing aligns the entire car charging ecosystem—drivers, charging point operators, and carmakers—within a single platform. The over one million drivers connected to our platform benefit from a network of over 300,000 charging points across Europe and a reliable experience through our app or solutions designed for our partners. We serve charging point operators with a back-end cloud software for managing everything from country-specific regulations to providing diverse payment options for customers. Carmakers benefit from white label solutions as well as deeper integrations with their in-house technology. For more information, please visit www.plugsurfing.com.

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Contacts

Scott Girling-Heathcote, SkyParlour
scott@skyparlour.com
+44 (0)330 043 1315

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  • Fabasoft AG takes over the majority of the shares in the company by means of a share purchase and capital increase
  • 4teamwork AG with its headquarters in Bern and locations in St. Gallen and Luzern is specialised in digital business processes in the public administration

LINZ, Austria–(BUSINESS WIRE)–Fabasoft AG today signed a purchase and participation agreement for the acquisition of a majority stake in 4teamwork AG, based in Bern. After full implementation of the contract, Fabasoft AG will hold 70% of the shares in the new Fabasoft 4teamwork AG.

The participation will take place in several steps. First, the indirect acquisition of existing shares of 21.7% from the previous majority shareholder is planned. At the closing, a capital increase is to take place, which will increase Fabasoft AG’s share in 4teamwork AG to approximately 58.5%.

This is to be followed by a merger with Fabasoft Schweiz AG, which in turn will result in Fabasoft AG holding a 70% stake in the new Fabasoft 4teamwork AG.

The closing of the transaction is subject to customary closing conditions and is expected to occur in mid-October 2022. Work on the implementation of the Closing Conditions is already in progress.

The previous CEO of 4teamwork AG, Dr. Pascal Habegger, will retain a 30% stake in Fabasoft 4teamwork AG and will promote further expansion in his existing role.

Software company with a focus on the digital transformation in the public administration
4teamwork AG was founded in 2003 and has become established as one of the key IT service providers for the public administrations of cantons, towns and municipalities in Switzerland under the leadership of the IT specialist and renowned expert for cloud and e-government solutions, Dr. Pascal Habegger.

The company currently has more than 30 employees at three locations and recently achieved a turnover of approximately four million francs.

“Its great expertise in the digital transformation combined with local sales and management capacities make 4teamwork AG the ideal solution partner in the Fabasoft Ecosystem for business activities in Switzerland”, explains Dipl.-Ing. Helmut Fallmann, CEO of Fabasoft AG, who is more than pleased with the potential for growth on the Swiss market with its new strategic partner. Fabasoft is also present in the Swiss canton administration with its software products for digital administrative work.

“Fabasoft is technologically and strategically very well positioned and rightly enjoys a high reputation as a leading European software company and highly certified cloud service provider. Together with the innovative technologies of Fabasoft and the high market presence of 4teamwork, we will be able to perform even better on the Swiss market in the interests of our customers”, says Dr. Pascal Habegger, expressing his confidence in the success of the joint strategic orientation with Fabasoft.

About Fabasoft

Fabasoft is one of the leading software product companies and cloud service providers for digital document, process and records management in Europe. With a unique, powerful ecosystem, Fabasoft implements customer-specific business applications and industry solutions. Numerous well-known private enterprises and public-sector organisations have trusted in the quality and experience of Fabasoft for more than three decades.

Contacts

Klaus Fahrnberger, Investor Relations Manager
E-Mail: ir@fabasoft.com, Telephone: +43 732 60 61 62

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SUNNYVALE, Calif.–(BUSINESS WIRE)–Ooma, Inc., a smart communications platform for businesses and consumers, today announced that it has acquired Junction Networks Inc., which does business as OnSIP, an innovative provider of cloud-based phone and unified communications services for small and mid-sized businesses, from Intrado Corp. for approximately $9.75 million in cash, subject to customary working capital adjustments. The transaction was completed on July 22, 2022.

The acquisition of OnSIP is expected to be accretive to Ooma’s adjusted EBITDA starting in the fourth quarter of the current fiscal year and make increasing contribution to Ooma’s profitability and cash flows as operational synergies are realized in the coming quarters. OnSIP is expected to add slightly more than $10 million in annual revenue to Ooma.

OnSIP (https://www.onsip.com/), founded in 2004, provides UCaaS solutions designed to make cloud communications approachable for small businesses – much like Ooma Office (https://www.ooma.com/small-business-phone-systems/) – allowing customers to utilize modern communications tools to enhance their business while streamlining deployment and ongoing management. OnSIP customers can choose between unlimited monthly plans and metered “pay as you go” plans.

Dedicated to providing white-glove customer support, OnSIP won the Excellence in Customer Service Award from Business Intelligence Group – which recognizes companies delivering distinctive customer service focused on setting up customers for success – for the fourth year in a row in 2022.

“We’re delighted to welcome OnSIP into the Ooma portfolio of business solutions,” said Eric Stang, chief executive officer of Ooma. “OnSIP serves a marquee collection of approximately 50,000 primarily small business users and is well-respected for the ease of use and flexibility of its services and strong customer support. We believe the acquisition of OnSIP is complementary to our strategy to extend our leadership in serving SMB customers and will accelerate overall growth of Ooma Business. We are also thrilled to expand our Ooma team with the addition of OnSIP’s highly experienced employees.”

Ooma will provide more information about the OnSIP acquisition during its fiscal second quarter earnings conference call, scheduled for today at 2 p.m. Pacific time. Please visit Ooma’s website at https://investors.ooma.com/events-and-presentations/default.aspx for information to join this call.

About Ooma, Inc.

Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and video conferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada.

Forward-Looking Statements

This release includes “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. Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include, without limitation, statements related to consummation of the OnSIP acquisition and its expected impact, such as OnSIP’s financial impact on and synergies with Ooma, the expected growth of Ooma Business, and the effect on Ooma’s strategy to extend its leadership in serving SMB customers. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Ooma to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Ooma’s filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 filed on April 8, 2022, and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they are made. Ooma undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

MEDIA CONTACT:
Mike Langberg at Ooma
press@ooma.com
650-566-6693

INVESTOR CONTACT:
Matt Robison at Ooma
ir@ooma.com

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AUSTIN, Texas–(BUSINESS WIRE)–Futurum Research, a global tech-focused strategy, research, and advisory analyst firm focused on analyzing emerging and market-disrupting technologies, identifying and validating trends, and empowering clients to find their competitive edge in the digital economy, has announced the acquisition of Wainhouse Research.

“Wainhouse’s data-driven approach brings new intelligence tools to Futurum clients to assist in market approach, expansion, and decision support,” said Daniel Newman, CEO & principal analyst at Futurum Research. “The merger of the two industry advisory leaders will significantly expand the scope of our research insights, strategic consulting, worldwide events, analytical reports, and other services offerings.”

Wainhouse will leverage Futurum’s expertise as a key opinion leader and analyst team with deep expertise, consistently ranking four analysts in the top 50 of ARInsights’ Analyst Power 100 listing. The Futurum team’s large digital footprint, tier 1 media presence, and savvy use of multiple rich media formats often garners more than 2.5 million social media impressions from its events and activities, which will enable Wainhouse clients to achieve greater visibility for their brands, products, and services.

In turn, Futurum plans to leverage Wainhouse’s expertise, programs, and processes in market intelligence, datasets, and interactive client dashboards. Expanded services and products will feature new dashboards in categories such as cloud, cybersecurity, semiconductors, SaaS, and other major areas of digital transformation (DX).

Under the terms of the merger, Futurum will own a controlling interest of Wainhouse, with founder Marc Beattie retaining the remaining interest. Under the Futurum brand, Marc will continue to serve as president of Wainhouse, coordinating strategy and activities with Futurum principals Daniel Newman and Shelly Kramer. Futurum plans to integrate the two companies by the end of 2022.

About Futurum Research

Futurum Research is a global tech-focused strategy, research, and advisory analyst firm focused on analyzing emerging and market-disrupting technologies, identifying and validating trends, and empowering clients to find their competitive edge in the digital economy.

Legacy research analyst firms are great at helping companies better understand broad industry shifts and obvious market trends, but they have been late to the game when it comes to explaining how new and disruptive technologies are truly transforming the world of business. That’s where Futurum Research excels. They have long been leading the conversation about digital transformation and have been helping clients navigate the process of DX for the last decade.

About Wainhouse

Wainhouse provides in-depth research and analysis that helps clients gain a clear perspective on the market, technology, and services for digital workplace communications and collaboration. Wainhouse analysts are industry experts in communications services driving the digital economy — with domain expertise in enterprise voice, online meetings, room-based video conferencing, team collaboration, co-collaboration, and streaming/webcasting/virtual event, services, and devices.

Wainhouse’s expertise is backed by one of the most comprehensive datasets and models in the world and the company meets both enterprise and vendor needs for insight and decision support via Market Insight reports, interactive client dashboards, custom research, and sales enablement services.

Contacts

Shelly Kramer
Principal Analyst and Founding Partner
Futurum Research
skramer@futurumresearch.com

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