Rand

Rand Capital Announces Fourth Quarter and Full Year 2019 Financial Results Conference Call and Webcast

Retrieved on: 
Thursday, February 20, 2020
Consulting, Banking, Aerospace, Technology, Manufacturing, Professional services, Homeland security, Software, Other Professional Services, Public policy, Government, Finance, Finance, Investment, Business Development Company, Private equity, Venture capital, Small Business Administration, SBIC, Rand

To listen to the archived call, dial (412) 317-6671 and enter replay pin number 13698315.

Key Points: 
  • To listen to the archived call, dial (412) 317-6671 and enter replay pin number 13698315.
  • The webcast replay will be available in the Investors section at www.randcapital.com , where a transcript will also be posted once available.
  • Rand Capital (Nasdaq: RAND) is an externally-managed Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC).
  • The Companys investment activities are managed by its external investment adviser, Rand Capital Management LLC.

Gardner Denver and Ingersoll Rand Receive Clearance from European Commission for Pending Reverse Morris Trust Transaction

Retrieved on: 
Friday, January 31, 2020
Other Manufacturing, Medical devices, Aftermarket, Automotive, Engineering, Oil, Gas, Manufacturing, Energy, Health, Mergers and acquisitions, Gas compressors, Gardner Denver, Ingersoll-Rand, Ingersoll, Rand, Companies, Corporate finance

On January 30, 2020, Gardner Denver Holdings, Inc. (Gardner Denver) and Ingersoll-Rand plc (Ingersoll Rand) received unconditional clearance from the European Commission with respect to the proposed combination of the Industrial segment of Ingersoll Rand with Gardner Denver.

Key Points: 
  • On January 30, 2020, Gardner Denver Holdings, Inc. (Gardner Denver) and Ingersoll-Rand plc (Ingersoll Rand) received unconditional clearance from the European Commission with respect to the proposed combination of the Industrial segment of Ingersoll Rand with Gardner Denver.
  • We are very excited to receive clearance from the European Commission for the pending transaction with Ingersoll Rands Industrial segment, said Vicente Reynal, Chief Executive Officer.
  • The transaction remains on track to close in early 2020, and we will continue to provide relevant updates as they are available.
  • Gardner Denver has also filed a proxy statement, which has been sent to the Gardner Denver shareholders in connection with their vote required in connection with the proposed transaction.

Rand Capital Announces Sale of its Equity Interest in Microcision LLC

Retrieved on: 
Wednesday, January 22, 2020
Public policy, Government, Technology, Aerospace, Manufacturing, Software, Homeland security, Economy, Finance, Money, Debt, Credit, Non-profit organizations based in California, RAND Corporation, United States Department of Defense, South African rand, Rand, Subordinated debt

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced the sale of its equity interest in one of its portfolio companies, Microcision LLC .

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced the sale of its equity interest in one of its portfolio companies, Microcision LLC .
  • Additionally, Microcision repaid approximately $453,000 of principal to Rand, reducing the balance of its subordinated note to $1.5 million.
  • In January, Rand restated the subordinated note to an 11% interest rate and a five year maturity, and received a warrant for 5% of Microcisions equity.
  • Except as required by applicable law, Rand Capital assumes no obligation to update the forward-looking information contained in this release.

Ingersoll Rand Named One of the World’s Most Admired Companies by FORTUNE

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Tuesday, January 21, 2020
Interior design, Retail, Environment, Home Goods, Construction & Property, Building Systems, Mergers and acquisitions, Ingersoll Rand, Ingersoll, Gardner Denver, Trane, Fortune, Companies, Rand, IR, Magazines

Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named one of the Worlds Most Admired Companies by Fortune for the eighth consecutive year.

Key Points: 
  • Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named one of the Worlds Most Admired Companies by Fortune for the eighth consecutive year.
  • Its an honor to be recognized once again as one of the worlds most admired companies, said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand and of the future Trane Technologies.
  • Developed annually by FORTUNE Magazine and the Korn Ferry Hay Group, the Worlds Most Admired Companies list is the definitive report card on corporate reputation.
  • In April 2019, Ingersoll Rand announced that it would spin off and merge its Industrial segment with Gardner Denver to create a global industrial leader, expected to be called Ingersoll Rand.

Rand McNally Launches Advanced Truck Tablet with All-New Navigation 2.0

Retrieved on: 
Tuesday, December 17, 2019
Rand McNally, Rand

CHICAGO, Dec. 17, 2019 /PRNewswire/ -- Rand McNally today launched the TND Tablet 85, an all-new dashboard tablet fueled by powerful new navigation software built for professional drivers.

Key Points: 
  • CHICAGO, Dec. 17, 2019 /PRNewswire/ -- Rand McNally today launched the TND Tablet 85, an all-new dashboard tablet fueled by powerful new navigation software built for professional drivers.
  • Fletcher noted that the Rand McNally GIS, Design, and Engineering teams spent years developing advanced proprietary algorithms that strengthen the navigation experience in all ways.
  • "Combining Rand Navigation 2.0 with our new TND Tablet 85 provides professional drivers with the very best navigation experience Rand McNally has ever offered."
  • *
    To learn more about the TND Tablet 85, go to https://www.randmcnally.com/tndtablet85
    About Rand McNally Rand McNally is transforming personal and business travel with its revolutionary connected vehicle technology and consumer electronics.

New Rand McNally Navigation to Power All Future Devices

Retrieved on: 
Tuesday, December 17, 2019
Rand McNally, Rand

Two years later, the result is Rand Navigation 2.0: An all-new, upgraded navigation platform with a proprietary router and revamped user experience and a near non-existent learning curve.

Key Points: 
  • Two years later, the result is Rand Navigation 2.0: An all-new, upgraded navigation platform with a proprietary router and revamped user experience and a near non-existent learning curve.
  • Rand Navigation 2.0 is available on the new TND Tablet 85 launching this month and will be part of all new model Rand McNally truck navigation devices.
  • Here's what a few of them had to say:
    For more information on the Rand Navigation 2.0 app for subscription, visit https://fleet.randmcnally.com/solutions/navigation
    About Rand McNally Rand McNally is transforming personal and business travel with its revolutionary connected vehicle technology and consumer electronics.
  • Learn more at randmcnally.com
    Rand McNally, the globe logo, and TND are registered trademarks of RM Acquisition, LLC d/b/a Rand McNally.

Ingersoll Rand Introduces Future Climate Company, Trane Technologies

Retrieved on: 
Wednesday, December 11, 2019
Engineering, Utilities, Manufacturing, Energy, Construction & Property, Building Systems, Mergers and acquisitions, Ingersoll-Rand, Ingersoll Rand, Companies, Trane, Ingersoll, Gardner Denver, Rand, Corporate finance, the Reverse Morris Trust, Ingersoll-Rand

The climate company will be named Trane Technologies plc,1 elevating its market leading Trane brand and celebrating the power of technological innovation.

Key Points: 
  • The climate company will be named Trane Technologies plc,1 elevating its market leading Trane brand and celebrating the power of technological innovation.
  • Global megatrends are pushing climate action to the forefront of the worlds agenda, said Michael W. Lamach, chairman and CEO of the current Ingersoll Rand and of the future Trane Technologies.
  • In April 2019, Ingersoll Rand and Gardner Denver announced a definitive agreement whereby Ingersoll Rand would separate its Industrial segment and combine it with Gardner Denver, creating a global leader in mission-critical flow creation and industrial technologies called Ingersoll Rand.
  • Upon the completion of the transaction, the remaining HVAC and transport refrigeration assets of the current Ingersoll Rand will become Trane Technologies, a global leader in climate control technologies for buildings, homes and transportation.

Rand Capital Announces Two of its Portfolio Companies Undertaking Major Financing Rounds to Support Their Strategic Growth

Retrieved on: 
Tuesday, November 26, 2019
Software, Professional services, Online Retail, Internet, Hardware, Data management, General Automotive, Technology, Aftermarket, Automotive, Retail, Finance, Other Technology, Currency, Commonwealth of Nations, Non-profit organizations based in California, RAND Corporation, United States Department of Defense, Think tanks, South African rand, Rand

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, announced that two of its Buffalo, NY-based portfolio companies, ACV Auctions, Inc. and PostProcess Technologies, Inc. , have both completed major financing rounds, raising $150 million and $20 million, respectively.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, announced that two of its Buffalo, NY-based portfolio companies, ACV Auctions, Inc. and PostProcess Technologies, Inc. , have both completed major financing rounds, raising $150 million and $20 million, respectively.
  • The new capital will fuel ACV Auctions investment in technology and data-driven solutions that will help dealerships source and sell used vehicles.
  • Allen F. (Pete) Grum, President and Chief Executive Officer of Rand Capital, commented, We are pleased to be associated with these dynamic companies and support their growth.
  • Except as required by applicable law, Rand Capital assumes no obligation to update the forward-looking information contained in this release.

Travelers Institute Teams Up With Carnegie Mellon University and RAND Corporation to Host Automated Vehicle Symposium

Retrieved on: 
Thursday, November 21, 2019
Insurance, Alternative Vehicles, Fuels, Automotive, Other Automotive, Professional services, University, General Automotive, Education, Carnegie Mellon University, RAND Corporation, Mellon, Rand, Think tanks

The Travelers Institute , the public policy division of The Travelers Companies, Inc. (NYSE: TRV ), will host a symposium today at Carnegie Mellon University.

Key Points: 
  • The Travelers Institute , the public policy division of The Travelers Companies, Inc. (NYSE: TRV ), will host a symposium today at Carnegie Mellon University.
  • In addition, more than two-thirds of those surveyed feel that semiautonomous technology would reduce their ability to react quickly behind the wheel.
  • Todays symposium, held in partnership with the RAND Institute for Civil Justice and Carnegie Mellon Universitys Traffic21 Institute, will begin at 11:30 a.m.
  • ET and feature a panel discussion moderated by Woodward, which will include:
    James Anderson, Director, Justice Policy Program; Director, RAND Institute for Civil Justice; Senior Behavioral Scientist; RAND Corporation.

Rand Capital Announces Third Quarter 2019 Results

Retrieved on: 
Thursday, November 7, 2019
Public policy, Government, Technology, Aerospace, Manufacturing, Software, Homeland security, Currency, Commonwealth of Nations, South African rand, RAND Corporation, Think tanks, Rand

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced its results for the quarter and nine months ended September 30, 2019.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced its results for the quarter and nine months ended September 30, 2019.
  • Reported $4.39 net asset value (NAV) per share at September 30, 2019, compared with $4.85 at June 30, 2019.
  • Rand will host a conference call and live webcast today, November 7, 2019, at 2:30 p.m. Eastern Time to review its financial condition and results for the 2019 third quarter, as well as its strategy and outlook.
  • Except as required by applicable law, Rand Capital assumes no obligation to update the forward-looking information contained in this release.