Ritchie

Pavilion Payments Names Steve Ritchie as Chief Revenue Officer

Retrieved on: 
Wednesday, October 4, 2023
Software, Mobile, Wireless, Entertainment, Professional Services, Fintech, Payments, Apps, Applications, Technology, Digital Cash Management, Digital Assets, General Entertainment, Finance, Casino, Gaming, Employment, Multimedia, History, Acquisition, Great Places, Ritchie, Genstar Capital, Payment, Pavilion, Warburg Pincus

Pavilion Payments , the leading omnichannel payments provider exclusively serving the gaming industry, has announced Steve Ritchie will serve as its next chief revenue officer.

Key Points: 
  • Pavilion Payments , the leading omnichannel payments provider exclusively serving the gaming industry, has announced Steve Ritchie will serve as its next chief revenue officer.
  • View the full release here: https://www.businesswire.com/news/home/20231004935832/en/
    Steve Ritchie, newest chief revenue officer at Pavilion Payments.
  • Before joining Pavilion Payments, Ritchie served as the chief revenue officer at three Riverside Company portfolio companies and has held sales leadership roles in Warburg Pincus and Genstar Capital portfolio companies.
  • “We warmly welcome Steve to the Pavilion Payments team as we push for further innovation in the gaming industry.”

Harness Introduces Continuous Error Tracking to Provide Developer-First Observability for Modern Applications

Retrieved on: 
Wednesday, May 10, 2023
SDLC, Harness, CET, Software engineering, Datadog, Site reliability engineering, Ritchie Bros. Auctioneers, Continuous integration, Software, Continuous delivery, SAN, Relic, SRE, Ritchie, AppDynamics, Dynatrace, Satellite navigation device, Risk management, Online shopping, DevOps, Splunk

SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Harness Inc., the Modern Software Delivery Platform™ company, today announced the availability of Harness Continuous Error Tracking (CET), a new module designed to provide developer-first observability for modern applications, enabling developers to proactively identify and solve errors across the entire software delivery lifecycle (SDLC). Harness CET offers a range of key benefits for developers, including reducing escaped defects, eliminating manual troubleshooting, and faster resolution of customer issues, allowing teams to find and fix issues in minutes instead of weeks, improving both developer and end-user satisfaction. To learn more about Harness Continuous Error Tracking please visit www.harness.io/products/continous-error-tracking.

Key Points: 
  • SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Harness Inc., the Modern Software Delivery Platform™ company, today announced the availability of Harness Continuous Error Tracking (CET), a new module designed to provide developer-first observability for modern applications, enabling developers to proactively identify and solve errors across the entire software delivery lifecycle (SDLC).
  • To learn more about Harness Continuous Error Tracking please visit www.harness.io/products/continous-error-tracking .
  • Harness CET is a developer-first observability solution, with end-to-end visibility that enables developers to observe errors, debug code and create quality gates in the Continuous Integration (CI) and Continuous Delivery (CD) stages.
  • "Harness Continuous Error Tracking offers unparalleled visibility and context, enabling teams to quickly identify, diagnose, and resolve issues, ultimately ensuring a better experience for both developers and customers."

Introducing RB Global -- A Trusted Global Marketplace of Value-Added Insights, Services, and Transaction Solutions for Commercial Assets and Vehicles

Retrieved on: 
Tuesday, May 9, 2023
IAA, Toronto Stock Exchange, Agriculture, Ritchie Bros. Auctioneers, Acquisition, Lifting, Ritchie, TSX, Growth, Transport, NYSE, RBA

RB Global will go-to-market and do business with customers under the Ritchie Bros. and IAA, Rouse and SmartEquip brands, among others, reflecting the brands' strong heritage and significant brand equity.

Key Points: 
  • RB Global will go-to-market and do business with customers under the Ritchie Bros. and IAA, Rouse and SmartEquip brands, among others, reflecting the brands' strong heritage and significant brand equity.
  • In conjunction with the name change, RB Global has launched a new corporate website at www.RBGlobal.com .
  • RB Global operates a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles.
  • "The RB Global name signifies the transformation of our business into a premier global marketplace and more closely aligns with our strategy," said Ann Fandozzi, CEO of RB Global.

IAA Continues to Invest Strategically in North American Footprint

Retrieved on: 
Thursday, April 27, 2023
Online Retail, Aftermarket, Retail, Automotive, Specialty, Fleet Management, Ritchie Bros. Auctioneers, IAA, Senior, Investment, Ritchie, TSX, NYSE, RBA, Software

The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets.

Key Points: 
  • The IAA Staten Island (NY) and IAA Fort Wayne (IN) branches have opened to accommodate growing demand in these busy markets.
  • IAA also has bought out the leases at two existing branches in Connecticut and Delaware to secure its presence at prime locations in those states.
  • The company’s dynamic approach to real estate investing helps to ensure that IAA branches are optimally located for the convenience of its customers.
  • “As demand for capacity steadily increases, our flexible real estate strategy continues to allow us to provide space for inventory management where it is needed most,” said Scott Guenther, Senior Vice President of North America Operations at IAA.

IAA Announces New Market Alliance in West Africa

Retrieved on: 
Friday, April 21, 2023
Insurance, Aftermarket, Automotive, General Automotive, Professional Services, Other Automotive, Retail, Fleet Management, Online Retail, Ritchie, Ritchie Bros. Auctioneers, IAA, SARL, Auction

IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company and trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, announces a new market alliance with Antonio, SARL in the West African country of Benin.

Key Points: 
  • IAA Holdings, LLC (IAA), a Ritchie Bros. Auctioneers Incorporated company and trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, announces a new market alliance with Antonio, SARL in the West African country of Benin.
  • This agreement provides authorization for auction centers operated by Antonio, SARL in the country to help local buyers search for, bid, pay, transport, ship and import vehicles from IAA auctions in the United States.
  • “We are thrilled to expand IAA’s footprint in West Africa and to reach new customers,” said Meggan O’Malley, Vice President of Marketplace Demand at IAA.
  • “IAA has several existing successful market alliances in neighboring countries, and we are excited to join them to provide top-notch assistance and guidance to the growing international buyer base.”

Ritchie Bros. Co-Founder and Former President & COO Speak Out Against Merger With IAA

Retrieved on: 
Monday, March 13, 2023
Glass Lewis, Entrepreneurship, NYSE, ISS, Trust, RBA, Ritchie Bros. Auctioneers, TSX, News, Culture, Former, Ritchie, IAA, Amusement park, Management

Ritchie Bros. is a great business with tremendous customer support, and we believe there is no need to dilute its business in this manner.

Key Points: 
  • Ritchie Bros. is a great business with tremendous customer support, and we believe there is no need to dilute its business in this manner.
  • We know customers are concerned and uneasy about this proposed merger, and what the ramifications may be to them.
  • We urge those shareholders to contact their banks and brokers and instruct them to revoke your vote for the merger with IAA.
  • If you have already voted against the merger with IAA, we thank you, and no further action on your part is needed.

ISS and Glass Lewis Both Recommend Ritchie Bros. Shareholders Vote AGAINST IAA Merger

Retrieved on: 
Monday, March 6, 2023
Shareholder, Ritchie Bros. Auctioneers, CAT, TSR, Proxy, NYSE, Glass Lewis, Insurance, IAA, DCF, Pacific Ocean, Acquisition, CPRT, Best, RBA, Internet, Pacific Time Zone, Economics, Reading, Sale, Risk, ISS, EBITDA, TSX, Ritchie, GREEN, Safety, Glass, Holding company, Management, Amusement park, Security (finance), Risk management, Cryptocurrency, Software, Pharmaceutical industry

NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”), representing approximately 4.2% of the Company’s outstanding shares, today announced that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), each a leading independent proxy voting advisory firm, has recommended that RBA shareholders vote AGAINST the proposed merger with IAA, Inc. (NYSE: IAA) (the “IAA Merger”).

Key Points: 
  • “Today, both ISS and Glass Lewis issued well-considered recommendations for Ritchie Bros.’s shareholders to Vote Against the flawed and ill-advised merger with IAA.
  • It is clear that ISS and Glass Lewis agree that a standalone Ritchie Bros. will drive more value for shareholders, with less risk, than a merger with IAA’s second-tier business,” said Doug Snyder, President of Luxor.
  • With this additional affirmation, we expect shareholders to overwhelmingly Vote Against this merger and return Ritchie Bros. to its strong standalone path,” continued Mr. Snyder.
  • ISS and Glass Lewis endorsed Luxor’s case for opposing the value destructive IAA Merger, and recommended that RBA shareholders vote AGAINST the ISS Merger noting*:
    “On balance, the potential risks associated with this transaction appear to outweigh the potential upside articulated by the board.

Rouse Services celebrates record-breaking customer growth in 2022

Retrieved on: 
Monday, March 6, 2023
Fleet management, Rouses, Ritchie, API, Ritchie Bros. Auctioneers, LAS, IMS, Video game

Next week at CONEXPO/CON-AGG in Las Vegas, Rouse Services and its parent company Ritchie Bros. will launch a new inventory management system for customers called Fleet Manager.

Key Points: 
  • Next week at CONEXPO/CON-AGG in Las Vegas, Rouse Services and its parent company Ritchie Bros. will launch a new inventory management system for customers called Fleet Manager.
  • This interactive tool provides users real-time valuation insights alongside self-serve access to Ritchie Bros.' sales channels: Ritchie Bros. Auctioneers , IronPlanet , Marketplace-E , and Ritchie List .
  • "Today's used equipment market is ever-changing, making it more important than ever to stay informed and act fast," said Doug Rusch, Managing Director (Sales), Rouse Services.
  • "Our new Fleet Manager tool is built to support customers throughout the entire equipment lifecycle, with daily insights you can act on.

Luxor Capital Responds to Ritchie Bros.’s Deceptive Claims in New Presentation

Retrieved on: 
Tuesday, February 28, 2023
Ritchie, EBITDA, TSX, Internet, NO, NYSE, Ritchie Bros. Auctioneers, DCF, IAA, Proxy, Stock dilution, Reading, Economics, Growth, Deception, RBA, Q3, FCF, Q4, Pacific Time Zone, Evergreen, GREEN, Pacific Ocean, Security (finance), Audit, Holding company, Software

NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or, “Ritchie Bros.”, or the “Company”), representing approximately 4.2% of the Company’s outstanding shares, announced today that it has released a supplemental presentation addressing various false and misleading statements, and mischaracterizations made by the Company in its recent investor presentation attempting to justify the proposed merger with IAA, Inc. (NYSE: IAA) (the “IAA Merger”).

Key Points: 
  • Said more plainly, we believe that Ritchie Bros. is seeking to deceive shareholders into supporting management’s value-destructive empire-building ambitions.
  • Fellow shareholders, we must do what the Ritchie Bros. Board and management team appear unwilling to do.
  • We must assume the mantle of fiduciaries and protect Ritchie Bros. from this flawed and ill-conceived merger with IAA’s challenged second-tier business.
  • In its presentation, Luxor fully refutes the baseless claims and mischaracterizations made by the Company and Ancora Holdings Group, LLC (“Ancora”), including in RBA’s February 22, 2023, presentation.

Luxor Capital Group Files Definitive Proxy Materials to Oppose Value-Destroying Acquisition of IAA

Retrieved on: 
Monday, February 13, 2023
Ritchie Bros. Auctioneers, Luxor, TSX, NYSE, GREEN, SEDAR, Motivation, RBA, Letter, Special, Reading, Pacific Ocean, IAA, Internet, Ritchie, Pacific Time Zone, Proxy, Security (finance)

NEW YORK, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”), representing approximately 4.2% of the Company’s outstanding shares, today announced they have filed their definitive proxy statement with the U.S. Securities and Exchange Commission and sent a letter to the Company's shareholders highlighting significant concerns with the proposed merger with IAA, Inc. (NYSE: IAA) (the “IAA Merger”). The definitive proxy statement is available here: https://www.sec.gov/Archives/edgar/data/1046102/000110465923019026/tm233... or under Ritchie Bros. profile on SEDAR at www.sedar.com

Key Points: 
  • This deal demonstrates the Company's reckless disregard for shareholders and causes us to further question whose interests are being protected.
  • This sustained cadence would serve as motivation to any rational board to reassess a proposed merger.
  • Any shares not acquired or recalled as of the record date will be unable to be voted at the Special Meeting.
  • Please follow the instructions on the GREEN proxy card to vote using one of the available methods provided.