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Tagged With "Capital"

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TPx acquired by Siris Capital

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TPx Communications has been acquired by affiliates of Siris Capital, a private equity firm. In conjunction with the close of the acquisition, Richard A. Jalkut, TPx's CEO and chairman, announced his retirement. Siris Executive Partner Joseph A. Cozzolino will serve as executive chairman of the board of TPx and as interim CEO. Cozzolino will lead the process to identify and select a permanent CEO with the appropriate experience and qualifications to drive TPx's next phase of growth. Prior to...
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Capital Document Solutions receives leading honour at Konica Minolta awards event

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(from L-R): Former England and British and Irish Lions international, Martin Bayfield; directors John Campbell and Ronnie Melvin of Capital Document Solutions; and, Neil Dingley, managing director at Konica Minolta Global technology giant Konica Minolta has presented one of its top accolades to Capital Document Solutions as part of its annual partner awards ceremony. Capital joined the exclusive Millionaires Club, having been named as one of the best performing dealers, based on its annual...
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Office equipment dealer announces partnership with Ricoh

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Capital Business Systems, an independent office equipment dealer with offices in Grand Junction, has become an authorized Ricoh branded dealer partner. The partnership with Ricoh will enable Capital Business Systems to provide customers with...
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GE Capital Expands Sharp Electronics Relationship to Support Growth in Office Imaging Equipment

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CHICAGO, Jun 26, 2014 (BUSINESS WIRE) -- GE Capital’s Commercial Distribution Finance (CDF) business announced today that it will begin providing floorplan financing to dealers that stock Sharp Electronics Corp.’s office imaging (OI) equipment. CDF has been providing financing to Sharp’s consumer electronics dealers for 25 years. “Our goal is to demonstrate Sharp’s continued commitment to the OI dealer channel,” said Dan Wynne, director of B2B channel marketing at Sharp. “We know that...
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Brook Venture Partners and Blue Heron Capital, LLC Complete Investment in PC Network Services, Inc.

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SEWICKLEY, PA. — PC Network Services, Inc. (“PCNS&rdquo , a full service provider of outsourced IT solutions and managed services, announced today that Brook Venture Partners has led an investment in the firm with co-investors Blue Heron Capital, an operationally focused private equity firm based in Richmond, VA and Prides Crossing Capital of Wakefield, MA. Cogent Growth Partners, a Mergers & Acquisitions consultancy focused upon the IT Services industry, assisted in sourcing the...
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DSS and Contegix Combine to Form Cloud Services Leader

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DSS and Contegix Combine to Form Cloud Services Leader November 29, 2016 07:00 AM Eastern Standard Time READING, Pa.--( BUSINESS WIRE )--Distributed Systems Services, Inc., (“DSS”), announced today that it has combined with Contegix, LLC, in a joint transaction financed by Strattam Capital, a private equity firm that invests in high-potential business IT companies. DSS is a Reading, PA based IT solutions provider that designs, hosts and manages IT infrastructure solutions for its clients.
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Top 20 Office Equipment Lenders

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Top 20 Equipment Lenders Displays the top 20 lenders nationwide for each of EDA's eleven industries, based on financing activity results added by EDA last month. The results are based on all financing statements of sale and lease transactions for new equipment only. U S BANK EQT FIN 1,044 XEROX FIN SVC 1,035 EVERBANK COMMERCIAL FIN INC 565 WELLS FARGO FIN LSG 344 KS STATE BANK 293 C I T BANK 211 KONICA MINOLTA PREMIER FIN 176 LEAF CAPITAL FUNDING 142 IMAGENET CNSLT LLT 94 DATAMAX INC 82...
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Toshiba searches for a new 'spine'

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TOKYO -- Toshiba faces something of an identity crisis. Semiconductors have been the conglomerate's cash cow, but it is selling its flash memory unit to shore up its tattered finances. Somehow, the company needs to find a new calling and a new growth strategy. Its best hope may be technology that has been helping the very business it is selling. Toshiba on Sept. 28 signed a formal agreement to unload the memory unit to an American-South Korean-Japanese consortium led by U.S. investment fund...
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DataBank Announces $185 Million Equity Investment from Colony Capital

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Dallas, Texas – January 6, 2020 – DataBank , a leading provider of enterprise-class data center, connectivity and managed services, today announced that Colony Capital (NYSE: CLNY) has made a $185 million investment into DataBank through the purchase of secondary equity interests from existing investors Edgewater Funds and Allstate. Allstate will retain 50% of its interests and continue as a DataBank investor, while Edgewater will fully exit from its position. Nuveen will also continue as an...
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Lemongrass Secures $10 Million Series C Financing Round Led by Blue Lagoon Capital

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ATLANTA , Jan. 14, 2020 /PRNewswire/ -- Lemongrass Consulting , the leading professional and managed service provider of SAP enterprise applications running on AWS hyperscale cloud infrastructure, today announced it has completed a $10 million Series C round of financing. Blue Lagoon Capital led the investment round with participation from existing investor Columbia Capital. The investment brings Lemongrass's total funding since launching its services to $29.3 million and will enable the...
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Protos Security and Southfield Capital Announce the Strategic Acquisition of Security Resources

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GREENWICH, Conn., Aug. 27, 2019 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Protos Security ("Protos"), a tech-enabled managed security services provider, has completed its strategic acquisition of Security Resources ("SRI" or the "Company"), a leading US-based managed security services and direct guard solutions provider. The Company's co-founders, Joseph Malone and Bob Bond, will remain in their existing leadership roles...
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Ntiva and Southfield Capital Announce the Strategic Acquisition of 3Points

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GREENWICH, Conn. , Oct. 2, 2019 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva, Inc., ("Ntiva") a leading provider of managed IT, cloud hosting, cyber security, unified communications, and strategic consulting services, completed the acquisition of 3Points, a Managed IT Services Provider based in Chicago, Illinois . This acquisition, the fifth for Ntiva and their second in the Chicago market, marks the company's continued...
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China regulators open antitrust probe of Toshiba deal -newspaper

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Dec 14 (Reuters) - Chinese regulators have opened an antitrust investigation into Toshiba Corp’s $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba’s leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Chinese regulators started their review earlier this month, despite the fact that Toshiba had applied for it in September, when it reached a deal...
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China officials reportedly concerned with Hynix role in Toshiba memory chip deal

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BEIJING – Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, according to sources. The officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the sources, who asked to remain anonymous as they weren’t authorized to speak on the matter, said. From Toshiba’s side, they may need to...
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As Toshiba's $18 billion chip unit sale faces tight deadline, IPO looms

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The conglomerate agreed last year to sell the world’s second-biggest producer of NAND flash memory chips to a consortium led by U.S. private equity firm Bain Capital to plug a huge financial hole left by the bankruptcy of its U.S. nuclear unit. The company has been aiming to complete the sale by March 31, the end of its business year. It said in September that it would need approval from antimonopoly authorities by March 23 to meet that deadline. Toshiba no longer faces immediate insolvency...
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Toshiba Memory sale delayed by Chinese antitrust probe

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As Toshiba has raised enough funds to keep its net worth above zero, some activist investors want it to call off the sale of its money-making memory unit. TOKYO -- The sale of Toshiba 's memory chip arm is stuck in a long-running review from Chinese antitrust authorities, making it unlikely that the deal will close before the end of March as originally planned. Although meeting the deadline is no longer vital to the parent's survival, the delay could fuel opposition among shareholders...
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Apple-Backed Billionaire Makes Case to Buy Toshiba Chip Unit

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Terry Gou , the billionaire behind Apple Inc. ’s iPhone factories, is pressing his case to acquire Toshiba Corp. ’s memory chips business for 2.1 trillion yen ($19.5 billion) in a last-ditch effort to beat out two American buyout firms in the tumultuous auction. Gou’s Foxconn Technology Group has broad support for its offer from Apple , SoftBank Group Corp. and Sharp Corp. and is ready to proceed right away, said Louis Woo, a spokesman for the company, whose primary listed arm is Hon Hai...
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Toshiba Eyes Cancelling Chip Unit Sale if No China Approval by May

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TOKYO (Reuters) - Japan's Toshiba Corp has decided it will cancel the planned $18.6 billion sale of its memory chip unit if it does not get approval from China's anti-monopoly regulator by May, the Mainichi newspaper said on Sunday. A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis. But...
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Toshiba said to be nearing resolution in Western Digital dispute

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SAN FRANCISCO – Toshiba Corp. and Western Digital Corp. are close to settling their legal dispute under an agreement that the U.S. company will drop efforts to block Toshiba’s $18 billion sale of its flash-memory business in exchange for the extension of their joint venture agreements, according to people familiar with the matter. Western Digital plans to end arbitration claims in the U.S. to stop Toshiba from selling the chip business to a consortium led by Bain Capital as part of the...
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LMI Gone to Receivership

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Just curious if this has affected anyone. Heard that the equity partners decided to leave the industry. Dang if this can happen with LMI with equity partners it can be a future with many companies being held by the likes of capital partners. Seems also the companies assets are for sale and looking for a buyer
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Canon Announces First Two Value-Added Resellers for ID Card and Label Printer Lines

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MELVILLE, N.Y. , Sept. 19, 2019 /PRNewswire/ -- To help drive business and profitability, Canon U.S.A. , Inc., a leader in digital imaging solutions, today announced the addition of two new value-added resellers. Capital Business Systems, one of the largest independent office technology, managed document and network service dealers in the Midwest and Mountain regions, and Symbology Enterprises Inc., a leading integrator of data collection solutions on the east coast, are the first...
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Buchanan Technologies partners with Lightview Capital

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GRAPEVINE, Texas (PRWEB) August 19, 2019 With Corporate headquarters located in Grapevine, Texas, and Canadian headquarters in Mississauga, Ontario, Buchanan Technologies focuses on providing IT support and services for corporations around the world. Buchanan employs over 500 diverse and experienced consultants, engineers and architects that consistently deliver cutting-edge solutions for its clients using their global delivery teams. Buchanan Technologies has been a steady force in the...
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Re: Toshiba searches for a new 'spine'

Art Post ·
Interesting about IOT and the manufacturing process, gonna have to re read this one.
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba announced this week, breakthrough electric vehicle battery technology that will enable a compact car to travel 320 km (190 miles) on a six minute recharge. Available in 2019. Toshiba SCiB batteries are currently in Honda Fit EV and Mitsubishi MiEV cars. I was in a Ford car dealership this week and told them this. Their response was "this is what we have been waiting for!" http://newatlas.com/toshiba-sc...-a6404ae594-89974986
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba sold 49.8% of its flash memory business to Bain Capital which includes Apple and Dell as partners. Toshiba still controls 50.2% of the shares and future revenues. The lead to this article omitted this key fact.
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Re: China regulators open antitrust probe of Toshiba deal -newspaper

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Toshiba Corp . may have settled its differences with joint venture partner Western Digital Corp . , but the company’s nearly $18 billion sale of Toshiba Memory Corp. is not out of the woods yet, with the Nikkei Asian Review newspaper reporting on Friday that Chinese regulators are investigating the deal for potential antitrust concerns. According to the report, the investigation began earlier this month and could push back Toshiba’s hopeful closing date of March. The Toshiba deal sees TMC...
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Kain Capital Completes Investment in MDLand

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Kain Capital LLC announced today it has completed its investment in MDLand , a comprehensive technology platform designed to unify and modernize the healthcare industry’s antiquated and disjointed systems. MDLand equips managed care service providers with the technology needed to work more efficiently and profitably, while improving patient outcomes and generating quality of care performance incentives. Built by physicians, for physicians, MDLand handles everything from scheduling, practice...
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