Kinaxis Welcomes Valantic to its Growing Partner Ecosystem

 

OTTAWA, Ontario & MUNICH - 

Leading European digital transformation consultants augment Kinaxis’ expanding global footprint

(BUSINESS WIRE) -- Kinaxis® Inc. (TSX:KXS), a global leader in end-to-end supply chain orchestration, today welcomed its newest System Integrator (SI) partner, Valantic, one of the world’s leading digital solutions, consulting and software companies, to the company’s growing partner ecosystem. Supporting Kinaxis’ desire to expand its PartnerLink program with regional specialists who can offer tailored customer implementation support services to suit individual market requirements, Valantic will offer its decades of expertise in complex enterprise software implementations to help companies across the European region optimize their global supply chain activities.

"The partnership with Kinaxis allows us to combine our process consulting expertise with leading supply chain planning technology, offering unprecedented agility and precision for our joint customers, " said Karl Forster, senior vice president supply chain digitalization & transformation at Valantic. "Kinaxis' ability to analyze complex supply chain data in real time, simulate different scenarios, and create AI-driven planning and forecasting is unparalleled and we look forward to adding their flagship concurrent planning platform to the mix of competencies we can offer to suit companies’ digitization needs at a time where supply chain resiliency has never been more important.”

The Kinaxis PartnerLink program – which includes System Integrators, Cloud partners, Solution Extension partners, and Value-Added Resellers – is a robust ecosystem of organizations who share a belief in the power of end-to-end supply chain orchestration as a means to accelerate strategic transformation and optimize global supply chains.

“The level of expertise we look for when bringing on a new System Integrator is high – we want to make sure they’re the right fit for us and that they’re bringing the right tools for our customers,” said Conrad Mandala, senior vice president, global partner organization at Kinaxis. “We’re excited to partner with Valantic and to offer more comprehensive and advanced orchestration solutions as an increasing number of businesses seek out ways to gain supply chain clarity in our complex world.”

Visit Valantic at Hannover Messe (April 22-26, 2024, Booth F28 in Hall 15) to learn more about the new integration and Valantic’s strong track record of providing customers with supply chain optimization solutions with end-to-end business planning and continuous orchestration across time horizons, business processes, and organizational boundaries.

To register for the Hannover Messe, please visit https://www.valantic.com/en/events/valantic-goes-hannover-messe-2024/

To learn more about Kinaxis and its partners, please visit kinaxis.com/partners.

About Kinaxis

Kinaxis is a global leader in modern supply chain orchestration. We serve supply chains and the people who manage them in service of humanity. Our software is trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption. We combine our patented concurrency technique with a human-centered approach to AI to empower businesses of all sizes to manage their end-to-end supply chain network, from multi-year strategic planning through down-to-the-second execution and last-mile delivery. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

About valantic

valantic is Number 1 for digital transformation and one of the fastest growing digital solutions, consulting, and software companies on the market. More than 500 blue chip clients rely on valantic, including 33 of 40 DAX companies and many leading international companies as well. With more than 4,000 specialized digitalization experts and net sales of approx. EUR 600 million in 2024(e), valantic is represented in 18 international locations around the globe.

More than 2,000 digitalization projects over the past five years have shown that valantic understands the business challenges of its customers. From strategy to tangible implementation, they have the necessary expertise to accompany projects from start to finish and make them successful. In this, valantic combines technological expertise with industry knowledge and the human touch.

valantic consults companies on all challenges of digital transformation, helps them to better manage their corporate performance and leverage the potential of data and artificial intelligence. In addition, valantic supports its customers in optimally shaping the customer experience, profitably using core digitalization technologies and optimizing company processes from end to end. www.valantic.com/en

 

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Contacts

Media Relations

Jaime Cook | Kinaxis

jcook@kinaxis.com

289-552-4640

Investor Relations

Rick Wadsworth | Kinaxis

rwadsworth@kinaxis.com

613-907-7613

 

DHL & Horizon FCB Dubai send a parcel back in time

 Dubai, United Arab Emirates - Thursday, 18. April 2024 AETOSWire

In an industry-first, DHL, in partnership with Horizon FCB Dubai, showcased a transcontinental achievement: delivering a parcel back in time. This initiative highlights DHL’s speed and reliability by delivering a birthday present across the International Date Line—from Tokyo on January 26th to Los Angeles on January 25th—just in time for a granddaughter's birthday.

The campaign targets a wide audience with a nostalgic story that enhances brand loyalty and showcases DHL's superior delivery capabilities.

Mohamed Bareche, Executive Creative Director at Horizon FCB Dubai, explains, "Our goal was to highlight not only our speed but our innovation by delivering parcels back in time. Orchestrating filming across two continents in two days and timing the perfect flight slot for the parcel was an immense challenge, but ultimately fulfilling."

Colin Smith, Creative Director, commented, "Using a birthday theme emphasized DHL’s reliability and our ability to enhance daily life significantly."

Reham Mufleh, Managing Director, added, "This idea illustrates DHL’s dedication to delivering not just packages, but emotions, proving that some ideas—like moments—are ‘Never Finished’."

This campaign, epitomized by the tagline "Delivered yesterday," positions DHL as a leader in both innovation and customer service, making the impossible, possible.

 

Credits:

 

Agency : Horizon FCB Dubai

Global CCO : Danilo Boer

Global CCO : Andrés Ordóñez

CEO : Mazen Jawad

Managing Director : Reham Mufleh

Executive Creative Director : Mohamed Bareche

Account Director : Farouk Haber

Creative Director : Colin Smith

Associate Creative Director : Thomas Nicolae

Associate Creative Director : Antonio Cué

Senior Art Director & Motion Designer : Ahmed Montaser

Post-production : Mariam Adel Awad & Antoine Nassif

Production House : Saturated Productions San Francisco

Director & Editor : Romain Thomassin

Color grading : VIVID Post House

MD : Ahmed Morsi

Colorist : Essam Abdelsalam

Music editing and SFX : Vox Haus

Head of projects : Matheus Gugelmim

Music producer : Daniel Dalla Corte & Ícaro Guedes

SFX : Cássio Machado

 

Client : DHL Express MENA

Marketing Director : Najwa Raslan

PR Director : Joshua Mathias

 

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Contacts

Reham Mufleh

Horizon FCB - Managing Director

+971557442241

reham.mufleh@horizonfcb.com

MediaCo Acquires Estrella Media’s Content and Digital Operations

 NEW YORK & LOS ANGELES - Thursday, 18. April 2024

Transaction Will Create One of the Largest Multicultural Media Platforms in the Country.

 

(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) (“MediaCo”) today announced that it has acquired all of Estrella Media’s network, content, digital, and commercial operations. Among the Estrella Media brands joining MediaCo are the EstrellaTV network and its influential linear and digital video content business, and Estrella Media’s expansive digital channels, including its four FAST channels – EstrellaTV, Estrella News, Cine EstrellaTV, and Estrella Games – and the EstrellaTV app. The transaction closed on April 17, 2024.

MediaCo, which operates marquee urban radio stations HOT 97 and WBLS 107.5 in New York City, will be adding Estrella Media’s Spanish-language video, audio, and digital content operations under the same umbrella. This transaction will also allow MediaCo to reach the established audiences of Estrella Media’s market-leading Regional Mexican radio stations, including Que Buena Los Angeles, home of the Don Cheto Al Aire nationally syndicated morning radio show, La Raza in Houston and Dallas, and El Norte in Houston.

The combined footprint of MediaCo positions it as one of the strongest radio content providers for Spanish and Urban music in both terrestrial radio and audio streaming. These audiences represent almost one third of the U.S. population and 100% of the consumer growth in the marketplace.

Jacqueline Hernández, an established media executive, will lead the company as the Interim CEO. Ms. Hernandez, who most recently served as CEO and Founder of New Majority Ready, a multicultural marketing and content strategy firm, has previously held the position of Chief Operating Officer at Telemundo, as well as Chief Marketing Officer at NBCUniversal Hispanic Enterprises, and recently served as a board member of Estrella Media.

“This combination of tested media brands and talented teams will fuel growth of content and distribution for the benefit of our multicultural audiences,” said Ms. Hernández. “We believe this combination is the first step in building a unique multicultural media company that will reach diverse U.S. audiences wherever they choose to consume content and create value for marketers working to reach these important audiences.”

“This leverages the strengths of two great companies to build something new,” said Deb McDermott, Chair of MediaCo. “We are committed to representing and serving the Hispanic marketplace, as well as continuing to represent and grow the diverse audience that MediaCo already serves. We see a need for media brands to embrace opportunities with all audiences, and Estrella Media is a key part of our growth strategy.”

“Today marks the beginning of an exciting journey for MediaCo,” said Kudjo Sogadzi, current President and COO of MediaCo. “As we embark on this next chapter, we see a great opportunity to combine our strengths and capabilities to redefine how we deliver media to our diverse audiences.”

"This is a natural next step in the evolution of Estrella Media’s content operations to better serve our important U.S. Hispanic audience," said Peter Markham, CEO of Estrella Media. "This transaction helps secure a bright and growing future for MediaCo to become the preeminent media company serving the multicultural audiences who drive ad spend ROI and brand growth."

As part of the transaction, Estrella Media will continue to own and operate its local radio and television stations, while MediaCo provides the innovative programming and content to which their audiences have grown accustomed. MediaCo will also work to increase distribution with other broadcast partners, as well as to grow digital streaming, CTV, and AVOD assets.

Transaction Terms

The transaction was effected pursuant to an Asset Purchase Agreement with Estrella Broadcasting, Inc., the owner of Estrella Media, under which a subsidiary of MediaCo purchased substantially all of the assets of Estrella Broadcasting other than its local radio and television stations. As part of the transaction, MediaCo received an option to acquire those stations from Estrella Broadcasting at a future date, subject to receipt of necessary regulatory approval. As consideration in the transaction, Estrella Broadcasting is receiving a warrant to purchase up to a total of 28,206,152 newly issued shares of MediaCo Class A Common Stock, exercisable at an exercise price of $0.00001 per share; $60 million of newly issued shares of MediaCo Series B Preferred Stock that will accrue dividends at a rate of 6.0% per annum; a $30 million second lien term note with a five-year term and an interest rate of SOFR + 6.0% per annum; and approximately $30 million in cash. In connection with the exercise of the local radio and television stations option, Estrella Broadcasting would receive an additional 7,051,538 newly issued shares of MediaCo Class A Common Stock.

WhiteHawk Capital Partners provided a $45 million first lien term loan facility to MediaCo in connection with the transaction, $35 million of which has been drawn at closing. In connection with the transaction, three designees of Estrella Broadcasting were added to the Board of Directors of MediaCo. The transaction was approved by the boards of directors of MediaCo and Estrella Broadcasting.

Prior to the consummation of the transaction, Standard General converted all of the outstanding shares of MediaCo Series A Preferred Stock into a total of 20,733,869 shares of newly issued shares of MediaCo Class A Common Stock in accordance with the terms of the Series A Preferred Stock.

MediaCo is filing with the Securities and Exchange Commission a Current Report on Form 8-K that will provide additional detail regarding the transaction.

Fried, Frank, Harris, Shriver & Jacobson LLP and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to MediaCo in connection with the transaction. RBC Capital Markets, LLC served as exclusive financial advisor to Estrella Broadcasting and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Wiley Rein LLP served as Estrella Broadcasting’s legal counsel. Sidley Austin LLP served as legal counsel to WhiteHawk Capital Partners.

Forward-Looking Statements

This communication contains 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, as amended, and it is intended that all forward-looking statements concerning MediaCo and Estrella Broadcasting, the transaction and other matters, will be subject to the safe harbor protections created thereby. All statements contained in this communication other than statements of historical facts, including without limitation statements concerning MediaCo’s future performance, business strategy, future operations, and plans and objectives of management and related matters, contained in this communication or any documents referred to herein are forward-looking statements. Words such as “believe,” “may,” “will,” “expect,” “should,” “could,” “would,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “project,” “target,” “is/are likely to,” “forecast,” “future,” “guidance,” “possible,” “predict,” “seek,” “see,” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following the potential impact of consummation of the transaction on relationships with third parties, including clients, employees and competitors; risks that the new businesses will not be integrated successfully or that the combined company will not realize estimated cost savings; risks associated with the exercise of the option to acquire the broadcast assets of Estrella Broadcasting at a future date, failure to realize anticipated benefits of the combined operations; unexpected costs, charges or expenses resulting from the transaction; and potential litigation relating to the transaction. These and other important factors discussed under the caption “Risk Factors” in MediaCo’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 1, 2024, as may be updated from time to time in other filings MediaCo makes with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this communication.

These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this communication. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

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Contacts

For press inquiries: press@mediacoholding.com.

 

The Office of Health Economics: Adult Vaccination Programmes Deliver Socio-economic Benefits up to 19 Times Initial Investment, According to New Report

 LONDON -

‘First-of-its-kind’ study shows that adult immunisation programmes return up to 19 times their initial investment when the full spectrum of benefits is valued

The findings highlight the opportunity to ease pressures on health systems by adopting a prevention-first mindset that includes adult immunisation programmes

The report comes ahead of World Immunisation Week and reveals substantial variation between countries of the availability of evidence for valuing adult vaccination

 (BUSINESS WIRE)--A new report published today reveals that adult vaccination programmes can return up to 19 times their initial investment when the full spectrum of economic and societal benefits is valued. The 19x return is equivalent to up to USD 4,637 in net monetary benefits to society per individual full vaccination course.

The study, a first-of-its-kind analysis of adult immunisation programmes by the Office of Health Economics (OHE) and commissioned by IFPMA (1), looked at four adult vaccines across ten countries where they are available to determine the wider economic and social impact.

Focusing on vaccines that protect against influenza (flu), pneumococcal disease, respiratory syncytial virus (RSV), and herpes zoster (shingles), the research looks at the delivery of vaccine programmes in countries that represent a range of healthcare systems, demographics, and vaccine schedules - Australia, Brazil, France, Germany, Italy, Japan, Poland, South Africa, Thailand, and the United States.

The report concludes that the vaccination programmes deliver substantial returns on government investment through cost savings within healthcare systems and wider socio-economic benefits. Preventing illness reduces doctor and hospital visits, meaning valuable resources can be allocated elsewhere, and ensuring a healthy and active workforce throughout life can boost economic productivity.

The data also demonstrates that adult immunisation can deliver socio-economic returns proportional to childhood immunisation programmes (2). Despite this, access to adult vaccination is inconsistent around the world, with limited inclusion in routine immunisation schedules.

Professor Lotte Steuten, Deputy CEO of OHE, and co-author of the report, said:

“Increasing pressures on ailing healthcare systems, such as ageing populations, are driving an urgent need to shift to a prevention-first mindset. Our report sets out a compelling case for adult immunisation programmes playing a key role in the shift to prevention.

“Our findings show that costs are offset multiple times over by benefits to society when governments invest in adult immunisation programmes. These returns are realised through benefits to individuals, families, and communities, providing a clear call to action to countries not already implementing or expanding robust vaccination schedules.”

The researchers used an established vaccine value framework to gather evidence but discovered a lack of data across many elements. This finding, coupled with a lack of agreed methods for capturing some elements, means the positive returns shown are likely to be underestimates of the full value that adult vaccines bring to society.

The report has been released ahead of the WHO’s World Immunisation Week, and addressing such evidence gaps will be critical in meeting the ambition of the Immunization Agenda 2030. This includes a strategic priority to ensure that ‘all people benefit from recommended immunizations throughout the life-course’ and explicitly outlines the need for data guided implementation.

Laetitia Bigger, IFPMA Vaccines Policy Director, added:

“This important study widens the lens to demonstrate that adult vaccination programmes are delivering real benefits for health systems and societies across the globe.

“Vaccines are one of the most effective public health measures and can also be a powerful driver of more productive economies and resilient societies.

“It is critical that these benefits are better understood if we are to ensure that people who can benefit from adult immunisation programmes are able to access them.”

Maarten Postma, Professor in Pharmacoeconomics at the University of Groningen (Netherlands) and reviewer of the report’s methodology, commented:

“Assessing the value of adult immunisation provides policymakers with a clearer picture of the associated benefits and costs. This comprehensive report looked at four adult vaccines internationally and employed a rigorous methodological framework to assess their value."

(1) The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) is the innovative pharmaceutical industry’s representative in official relations with the United Nations.

(2) Using the value-of-a-statistical-life approach, return on investment for 10 childhood vaccination programmes was 51.0 from 2011 to 2020 and 52.2 from 2021 to 2030 (Source: https://www.healthaffairs.org/doi/10.1377/hlthaff.2020.00103).

- ENDS -

Notes to editors

About the report

The full report ‘The Socio-Economic Value of Adult Immunisation Programmes’ is available at: https://www.ohe.org/publications/the-socio-economic-value-of-adult-immunisation-programmes/

About OHE

With over 60 years of expertise, the Office of Health Economics (OHE) is the world’s oldest independent health economics research organisation. Every day we work to improve health care through pioneering and innovative research, analysis, and education.

As a global thought leader and publisher in the economics of health, health care, and life sciences, we partner with Universities, Government, health systems and the pharmaceutical industry to research and respond to global health challenges.

As a government–recognised Independent Research Organisation and not–for–profit, our international reputation for the quality and independence of our research is at the forefront of all we do. OHE provides independent and pioneering resources, research and analyses in health economics, health policy and health statistics. Our work informs decision–making about health care and pharmaceutical issues at a global level.

All of our work is available for free online at www.ohe.org

About IFPMA

The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) represents over 90 innovative pharmaceutical companies and associations around the world. Our industry’s almost three million employees discover, develop, and deliver medicines and vaccines that advance global health. Based in Geneva, IFPMA has official relations with the United Nations and contributes industry expertise to help the global health community improve the lives of people everywhere. For more information, visit ifpma.org.

 

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Contacts

For further details, including high-resolution photos, or to arrange a briefing or interview, please contact:

Tim Watson

Director of Marketing & Communications,

Office of Health Economics

T: +44 (0)7866 288456

E: twatson@ohe.org

Rimini Street Honored with Two Prestigious Stevie® 2024 Awards in the Category of Customer Service

 LAS VEGAS - Thursday, 18. April 2024 AETOSWire 

Rimini Street recognized for Front-Line Customer Service Team of the Year and Woman of the Year in Customer Service

 

(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, has been named a multiple award-winning honoree in the 18th annual Stevie Awards for Sales & Customer Service.

A standout amongst the 2,300 nominations received from across the world, Rimini Street received two awards in two different customer service categories:

Silver Stevie for Front-Line Customer Service Team of the Year in the Technology Industries category, awarded to the Global Technology Service Delivery team. This esteemed recognition highlights the team's unwavering commitment to excellence in customer service and their dedication to ensuring unparalleled support for clients around the world.

Bronze Stevie for Woman of the Year in Customer Service awarded to Robin Weiss, vice president of Oracle Application Support Services at Rimini Street. Weiss’ leadership, expertise, and passion for client satisfaction continues to pave the way for innovation and success for both clients served and colleagues with whom she shares the win with.

"We are deeply humbled to once again, be recognized by the Stevie Awards organization," said Craig Mackereth, executive vice president of global service delivery at Rimini Street. "As a company whose success is measured by the success of our clients, this award serves as a testament to the hard work, unwavering dedication, and exceptional talent of our global colleagues.”

"The high scores given the winning nominations in this year's competition are evidence of the high levels of achievement portrayed in them," said Stevie Awards president, Maggie Miller. "We join with the judges and all members of the Stevie Awards community in congratulating and celebrating the winners for their accomplishments."

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,500 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit riministreet.com, and connect with Rimini Street on Twitter, Instagram, Facebook and LinkedIn. (IR-RMNI)

About The Stevie® Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, the new Stevie Awards for Technology Excellence, and the Stevie Awards for Women in Business. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. More than 1,000 professionals around the world participate in the Stevie Awards judging process each year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; additional expenses to be incurred in order to comply with injunctions against certain of our business practices and the impact on future period revenue and costs; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability, manage our cost of revenue and accurately forecast revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel, including sales personnel, and retain key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; the impact of environmental, social and governance (ESG) matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 28, 2024, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2024 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

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Contacts

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

Dave & Buster’s International Cements Its Presence in the APAC Region

 (BUSINESS WIRE) -- Dave & Buster's Entertainment, Inc., the ultimate destination for food, drink and entertainment is delighted to announce its latest franchise agreement furthering the brands development in APAC. Dave & Buster’s has finalized a deal to open five new stores in the Philippines, raising the international development store count to 38.

Antonio Bautista, Chief International Development Officer at Dave & Buster’s, stated "We are thrilled to announce our expansion into the Philippines, marking another significant milestone in our global growth strategy. Our partnership with The Bistro Group in the Philippines aligns with our mission to deliver exceptional 'Eat, Drink, Play, and Watch' experiences to a broader audience. The Bistro Group's reputation as a trendsetter in the F&B industry in Southeast Asia and beyond makes them an ideal partner for introducing our brand to the Filipino market."

Paul Manuud, President of The Bistro Group remarks, "We were impressed by Dave & Buster’s holistic offering in the hospitality industry where guests can eat, drink, play and watch sports shows all in one location. It is a very good concept that could pioneer well in the Philippines, being poised to be the first of its kind in the local F & B landscape,” expressing enthusiasm for the partnership, he continued, "Entering the 'eatertainment' sector with a renowned brand is an exciting development for us. This collaboration enhances our portfolio, enabling us to offer unparalleled dining and entertainment experiences in the Philippines."

Dave & Buster's has implemented several strategic initiatives to ensure a successful global expansion, including a customizable footprint tailored to meet specific market requirements and the localization of menu offerings with high regional resonance to cater to local preferences and tastes. They have also introduced a proprietary dynamic pricing model to offer flexible pricing options, launched global marketing programs that are demographically agnostic yet locally executable, and implemented a unique amusement strategy and packages to differentiate themselves in the market.

Dave & Buster's is also excited to offer localized entertainment and late-night programming for customers and introduce immersive experiences to enhance customer engagement in the competitive socializing space. With these initiatives, Dave & Buster's is confident they will provide an exceptional experience to their global customers.

About Dave & Buster’s

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 223 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 164 Dave & Buster’s branded stores in 42 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat Drink Play & Watch," all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 59 Main Event branded stores in 20 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. For more information, visit daveandbusters.com.

About The Bistro Group:

Founded in 1994, The Bistro Group is one of the Philippines’ most progressive restaurant chains that popularized the casual dining concept with the entry of TGIFridays in the country almost 30 years ago. Its success led to the launch of other world-class brands such as Italianni’s, Denny’s, Buffalo Wild Wings, Texas Roadhouse, Randy’s Donuts and Hard Rock Café among others as well as Asian concepts like Watami, Modern Shang, Bulgogi Brothers and Fish & Co. The company owns and operates Bistronomia, a collection of boutique Spanish/Mediterranean restaurants, Las Flores, Rambla, Tomatito, BCN by Las Flores and Rumba. Also part of its portfolio is TBG Elite by award-winning corporate executive chef, Josh Boutwood. Its premier restaurants, highlighted by quality ingredients, seasonality and unique cooking methods are Helm, The Test Kitchen, Savage and Ember. The Bistro Group is driven by a people-focused philosophy that is the backbone of its success. Passion and commitment propel its operations…in every restaurant, behind every dish and with every service rendered with generous hospitality.

For restaurant concepts and more information about The Bistro Group, visit https://www.bistro.com.ph/.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416173901/en/

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Lenovo Embraces the AI PC Era with New ThinkCentre Desktops Powered by AMD Ryzen PRO 8000 Series Desktop Processors

 Next-generation business workhorses with AI capabilities ideal for even the most demanding modern workplaces

(BUSINESS WIRE) -- Lenovo™ has unveiled a selection of ThinkCentre™ desktops powered by AMD Ryzen™ PRO 8000 Series desktop processors with up to 16 TOPS (trillion operations per second) of integrated NPU capability dedicated to process AI workloads, including the performance focused ThinkCentre M75t Gen 5, the flexible ThinkCentre M75s Gen 5, and the compact ThinkCentre M75q Gen 5. Designed to meet the diverse needs of modern business, the ThinkCentre M75 Gen 5 family of desktops harnesses the AI capability of its component while optimizing its energy efficiency to deliver impressive results.

“The AI PC era is already here and at Lenovo we are embracing it to unlock new possibilities,” said Sanjeev Menon, vice president and general manager, Worldwide Desktop Business in Intelligent Devices Group, Lenovo. “The need for businesses to integrate AI into their operations continues to grow and our ThinkCentre M75 family of desktops, with a strong and stable power supply, the ability to upgrade components when needed, and the space to expand memory and optimize thermal management are the ideal options to enhance productivity with AI without heavy investments. Lenovo and AMD have a long-standing partnership focused on delivering value to our customers and we know users will be delighted by the leap in performance of our new desktops.”

AI-Accelerated Performance

Designed for multitasking, the ThinkCentre M75t Gen 5 tower and ThinkCentre M75s Gen 5 small form factor desktops offer AI-accelerated power driven by an AMD Ryzen™ PRO 8000 Series desktop processor. Combined with an integrated graphics with AMD RDNA™ 3 technology, up to 64GB DDR5 (5600MHz) memory and up to 2 TB of Gen4 SSD storage1, both desktops deliver blazing speeds that makes them the ideal choice for daily commercial tasks like browsing, office, email, media and more, and to even breeze through even the most data-intensive tasks.

Smart and efficient, the ThinkCentre M75t Gen 5 and ThinkCentre M75s Gen 5 desktops become more dynamic thanks to Lenovo’s chip-level AI features, including power usage prioritization to allocate power to the correct apps when you need it, and an AI-driven fan that optimizes fan speed, so the system remains cool, and reduces noise levels. With Lenovo’s AI features, the desktops will maximize a video rendering software’s performance for content creators, increase fan speed during intense coding sessions, and even balance software performance when multitasking. The AI features continuously learn as you multitask, resulting in a smarter and more efficient workhorse as you use it.

For businesses needing expandability, both desktops offer a flexible expansion slot for hardware additions, nine USB ports for easy connectivity and the ability to support up to four independent compatible displays. Content creators, engineers, artists and those looking for more graphic options will delight in the ThinkCentre M75t Gen 5 tower desktop’s ability to host either an AMD Radeon™ RX 550 4G or AMD Radeon RX 6600LE graphic card.

Compact Performance

Compact enough to fit inside a shoe box, the ThinkCentre M75q Gen 5 is a tiny desktop with full-size performance designed to fit into virtually any location, including banking, healthcare and retail environments. Packing up to an AMD Ryzen 7 PRO 8700GE desktop processor, integrated graphics with AMD RDNA™ 3 technology and up to 64GB of dual-channel DDR5 (5200MHz) memory1, this desktop provides next-level performance while remaining small enough to hide behind a monitor.

Despite its miniature size, the ThinkCentre M75q Gen 5 is still expandable, customizable and easily upgradable. It supports seven USB connections, boasts two Gen 4 SSDs, has built-in driver support for older OS versions, can connect to three compatible displays for maximum multitasking and features toolless access to the SSD and memory module for easy expansion when needed (cards sold separately). For the most space-restricted environments, the ThinkCentre M75q Gen 5 can be mounted using a universal VESA mount to free up even more space.

Peace of Mind and Enhanced Security

The ThinkCentre M75 Gen 5 family of desktops offer more than reliable performance, they are eligible for optional Lenovo Premier Support Plus service, offering 24/7/365 peace of mind. Resolve issues quickly with easy break/fix support accessing Lenovo expert engineers for a seamless remote fix, boosting productivity and device longevity; receive proactive and preventive alerts before issues arise; benefit from next business day onsite labor and parts prioritization; enjoy Accidental Damage Protection for mishaps such as drink spills, and more.

For added security, the desktops are Secured-core PCs that come with the Microsoft Pluton security processor, offering the highest level of Windows protection. As a Windows Secured-core PC, the ThinkCentre M75 Gen 5 desktops aim to block physical attacks, protect down to the firmware level and offer extra security for even the most sensitive data.

The desktops are backed by Lenovo ThinkShield, a comprehensive end-to-end security solution that combines hardware and software to protect your data, comes with a dTPM 2.0 chip that encrypts passwords and data, a BIOS-based Smart USB protection and individual USB port disablement to help prevent unauthorized access via peripherals, and more. The ThinkCentre M75 Gen 5 family of desktops encourages businesses to innovate freely and explore the benefits of AI knowing that their data and information are protected.

Lenovo’s commitment to sustainability2 is also reflected in the lineup of ThinkCentre M75 Gen 5 desktops, with each system incorporating 85% and 95% PCC (Post-Consumer Content) plastic materials in the chassis and keyboard/mouse respectively. In addition to the use of recycled plastics, the packaging for the ThinkCentre M75 Gen 5 desktops features a thermal shell and bag made of 30% OBP (Ocean-Bound Plastic) and FSC (Forest Stewardship Council®) carton that uses material from well-managed forests and recycled sources.

To enhance the capability of the ThinkCentre M75 Gen 5 desktops, Lenovo offers an optional Smart Cable for easy USB-A and USB-C® connection to peripherals and even another laptop or tablet. Through the Smart Cable, users can control two devices using a single keyboard, mouse, or touchpad, edit data and documents on each device and even share screens.

Pricing and Availability3

Lenovo ThinkCentre M75t Gen 5 will not be available in North America and will be available in select global markets.

Lenovo ThinkCentre M75s Gen 5 is now available May 2024 with an expected starting price of $709.

Lenovo ThinkCentre M75q Gen 5 is now available June 2024 with an expected starting price of $749.

About Lenovo

Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit https://lenovo.com and read about the latest news via our StoryHub.

1 Actual available internal memory and storage capacity are less and vary due to many factors, including formatting, partitioning and operating system, etc., which utilize part of this capacity. The available capacity may change with software updates.

2 Full details of Lenovo’s commitment to sustainability found at https://www.lenovo.com/us/en/about/sustainability/

3 Prices may not include tax and do not include shipping or options and are subject to change without notice; additional terms and conditions apply. Reseller prices may vary. On-shelf dates and color options may vary by geography and products may only be available in select markets. All offers subject to availability. Lenovo reserves the right to alter product offerings, features and specifications at any time without notice.

4 Optional Features

5 EPEAT-registered where applicable — see www.epeat.net for registration status by country.

6 Requires separately purchased Wi-Fi router and plan that may vary by location. Additional terms, conditions and/or charges apply. Connection speeds will vary due to location, environment, network conditions and other factors.

LENOVO, THINKCENTRE and THINKSHIELD are trademarks of Lenovo. AMD, Radeon, Ryzen and combinations thereof are trademarks of Advanced Micro Devices, Inc. TÜV is a registered trademark of the TÜV Rheinland Group. Wi-Fi is a trademark of Wi-Fi Alliance. USB Type-C® and USB-C® are registered trademarks of USB Implementers Forum. microSD is a trademark of SD-3C, LLC. All other trademarks are the property of their respective owners. ©2024, Lenovo Group Limited.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416990902/en/

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Contacts

Pedro Chen

pchen25@lenovo.com