Presidio

The Presidio Group Q4 Report: Dealer Profit Erosion, Falling Store Valuations

Retrieved on: 
Wednesday, March 27, 2024

The Q4 2023 edition of “Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends” sums up the industry’s performance in 2023 and provides an outlook on trends happening in 2024.

Key Points: 
  • The Q4 2023 edition of “Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends” sums up the industry’s performance in 2023 and provides an outlook on trends happening in 2024.
  • Presidio’s newest report details how macroeconomic, OEM and consumer trends are impacting the outlook for the retail automotive industry.
  • “This year will be choppier and will likely trend down overall,” said George Karolis, president of The Presidio Group.
  • The report also contains the results of the second quarterly Presidio Dealer Direction Survey.

The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store

Retrieved on: 
Tuesday, March 5, 2024

Asbury had acquired the Lexus store in December as part of its acquisition of the larger Jim Koons Automotive Companies.

Key Points: 
  • Asbury had acquired the Lexus store in December as part of its acquisition of the larger Jim Koons Automotive Companies.
  • “The Presidio Group, one of our trusted advisors, swiftly found a strategic buyer for this store and facilitated a quick and seamless transaction,” Asbury CEO David Hult said.
  • The Presidio team’s smooth oversight of the deal process was exemplary.”
    Alex Watterson, managing director of The Presidio Group, said, “It’s been a privilege for the Presidio team to facilitate this transaction and represent Asbury in the sale of this high-performing store representing such a lauded brand as Lexus.
  • The Presidio Group provided exclusive M&A advisory services to Asbury through its wholly owned investment bank, Presidio Merchant Partners LLC.

Presidio Trust Commercial Leasing Ends 2023 with 97% Occupancy Rate

Retrieved on: 
Monday, February 5, 2024

SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%. The Presidio's total commercial portfolio is 91 buildings with 2.2M SF, with 174 tenants. Demand has been strong due to the attraction of its unique park-like setting, low density environment, and the financial model that gives back—tenants and their customers appreciate that the revenue from leasing operations supports the Presidio as a public national park site, keeping it open and free for all to enjoy.

Key Points: 
  • SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%.
  • The Presidio Trust welcomed a diverse slate of tenants in 2023, primarily in the office and educational sectors.
  • The Presidio Trust continues to increase its development pipeline, rehabilitating more commercial office space for new tenants and businesses in the coming year.
  • To view all leasing opportunities in the Presidio, click here .

Gigamon Recognizes Top Global Channel Partners at 2024 Sales Kick-Off

Retrieved on: 
Wednesday, January 31, 2024

Gigamon , the leading deep observability company, announced its Catalyst Partner Program Award winners at its annual sales kick-off event in Los Angeles.

Key Points: 
  • Gigamon , the leading deep observability company, announced its Catalyst Partner Program Award winners at its annual sales kick-off event in Los Angeles.
  • The Gigamon Catalyst Partner Program Awards highlight the outstanding success of top-performing partners and distributors that have helped deliver the Gigamon Deep Observability Pipeline to its global customer base.
  • The Gigamon Catalyst Channel Program, which now has more than 2,000 partners worldwide, is a key component of the company’s continued success in delivering hybrid cloud security solutions.
  • Since its inception, the Gigamon Catalyst Partner Program has received four consecutive five-star ratings in CRN's Partner Program Guide.

Nasuni Continues Strong Momentum with 46% Growth in New Customer Bookings

Retrieved on: 
Tuesday, January 30, 2024

BOSTON, Jan. 30, 2024 /PRNewswire/ -- Nasuni Corporation, a leading hybrid cloud storage solution, today announced record results for its fiscal year ending December 31, 2023. These results were fueled by unprecedented demand for the Nasuni File Data Platform, as enterprises are requiring more agile operations with unstructured data management, data intelligence and AI, and ransomware safeguards.

Key Points: 
  • In 2022, Nasuni announced that it had passed the $100M milestone in annual recurring revenue (ARR).
  • 46% growth in new customer Annual Contract Value bookings.
  • A key partnership with energy solutions provider Cegal, further driving its momentum in the energy sector with 235% growth year over year.
  • Nasuni's customer satisfaction scores and gross customer retention rates both remained best-in-class at 89 (NPS score) and 98%, respectively.

Nasuni Continues Strong Momentum with 46% Growth in New Customer Bookings

Retrieved on: 
Tuesday, January 30, 2024

BOSTON, Jan. 30, 2024 /PRNewswire/ -- Nasuni Corporation, a leading hybrid cloud storage solution, today announced record results for its fiscal year ending December 31, 2023. These results were fueled by unprecedented demand for the Nasuni File Data Platform, as enterprises are requiring more agile operations with unstructured data management, data intelligence and AI, and ransomware safeguards.

Key Points: 
  • In 2022, Nasuni announced that it had passed the $100M milestone in annual recurring revenue (ARR).
  • 46% growth in new customer Annual Contract Value bookings.
  • A key partnership with energy solutions provider Cegal, further driving its momentum in the energy sector with 235% growth year over year.
  • Nasuni's customer satisfaction scores and gross customer retention rates both remained best-in-class at 89 (NPS score) and 98%, respectively.

Cushman & Wakefield Awarded 2.5MSF Commercial Property Management Assignment for the Presidio of San Francisco National Park Site

Retrieved on: 
Tuesday, December 12, 2023

Cushman & Wakefield announced the firm’s Northern California Asset Services has been selected by the Presidio Trust to provide commercial property management services for its tenants at the Presidio of San Francisco , a unique national park site and National Historic Landmark at the base of the Golden Gate Bridge.

Key Points: 
  • Cushman & Wakefield announced the firm’s Northern California Asset Services has been selected by the Presidio Trust to provide commercial property management services for its tenants at the Presidio of San Francisco , a unique national park site and National Historic Landmark at the base of the Golden Gate Bridge.
  • The Presidio is a former U.S. Army post that became a national park site in 1994 as part of the Golden Gate National Recreation Area.
  • It is managed by the Presidio Trust, working in partnership with the National Park Service.
  • “We are thrilled to have been selected to lead commercial property management for this renowned portfolio in this beautiful, world class location along the San Francisco Bay.

Presidio Helps Mercy Ships Improve Access to Medical Care for Communities in Need

Retrieved on: 
Wednesday, November 15, 2023

Presidio , a leading global digital services and solution provider, today announced the completion of an entire network transformation for Mercy Ships' new Global Mercy non-profit hospital ship to bring life-saving medical services to developing countries.

Key Points: 
  • Presidio , a leading global digital services and solution provider, today announced the completion of an entire network transformation for Mercy Ships' new Global Mercy non-profit hospital ship to bring life-saving medical services to developing countries.
  • Presidio provides the Global Mercy with cutting edge technology that allows for empowered medical consultations, improved dockside capabilities and volunteer experiences and enables the ship to serve more patients through seamless access to remote specialists.
  • “The Global Mercy is our first purpose-built medical ship.
  • “The Global Mercy project demonstrates the transformative potential of technology in bridging healthcare gaps in developing nations,” said Waheed Choudhry, Senior Vice President, Presidio.

Nasuni Named a Top Enterprise Cloud-based NAS Consolidation Solution by DCIG

Retrieved on: 
Tuesday, December 12, 2023

BOSTON, Dec. 12, 2023 /PRNewswire/ -- Nasuni, a leading hybrid cloud storage solution, today announced that analyst firm DCIG has named the Nasuni File Data Platform a "Top Five Storage Solution" in the 2024-25 DCIG Top Five Enterprise Cloud-based NAS Consolidation Solutions report.

Key Points: 
  • New Report Highlights Nasuni's Infinite Storage Capacity, Global File Data Access, Centralized Storage Management, Data Protection, and Multi-Site File Sharing for Unlimited Users and Locations
    BOSTON, Dec. 12, 2023 /PRNewswire/ -- Nasuni , a leading hybrid cloud storage solution, today announced that analyst firm DCIG has named the Nasuni File Data Platform a "Top Five Storage Solution" in the 2024-25 DCIG Top Five Enterprise Cloud-based NAS Consolidation Solutions report.
  • Additionally, there is a plethora of data silos without global visibility into the file data of their multiple network attached storage (NAS) devices and file servers.
  • Based on enterprise-class software-defined storage, cloud-based NAS consolidation migrates file data from multiple file servers and NAS devices into a cloud-based storage platform.
  • "The recognition of Nasuni by DCIG as a top five cloud-based NAS consolidation solution is a testament to our company vision and the value our platform provides."

Nasuni Named a Top Enterprise Cloud-based NAS Consolidation Solution by DCIG

Retrieved on: 
Tuesday, December 12, 2023

BOSTON, Dec. 12, 2023 /PRNewswire/ -- Nasuni, a leading hybrid cloud storage solution, today announced that analyst firm DCIG has named the Nasuni File Data Platform a "Top Five Storage Solution" in the 2024-25 DCIG Top Five Enterprise Cloud-based NAS Consolidation Solutions report.

Key Points: 
  • New Report Highlights Nasuni's Infinite Storage Capacity, Global File Data Access, Centralized Storage Management, Data Protection, and Multi-Site File Sharing for Unlimited Users and Locations
    BOSTON, Dec. 12, 2023 /PRNewswire/ -- Nasuni , a leading hybrid cloud storage solution, today announced that analyst firm DCIG has named the Nasuni File Data Platform a "Top Five Storage Solution" in the 2024-25 DCIG Top Five Enterprise Cloud-based NAS Consolidation Solutions report.
  • Additionally, there is a plethora of data silos without global visibility into the file data of their multiple network attached storage (NAS) devices and file servers.
  • Based on enterprise-class software-defined storage, cloud-based NAS consolidation migrates file data from multiple file servers and NAS devices into a cloud-based storage platform.
  • "The recognition of Nasuni by DCIG as a top five cloud-based NAS consolidation solution is a testament to our company vision and the value our platform provides."