RAND Corporation

Industry Sales Executive Rush Akin Joins Rand McNally

Tuesday, May 4, 2021 - 9:32pm

b'CHICAGO, May 4, 2021 /PRNewswire/ --Rand McNally today announced that former Lytx, Inc. executive Rush Akin has joined the company as Senior Vice President of Sales.

Key Points: 
  • b'CHICAGO, May 4, 2021 /PRNewswire/ --Rand McNally today announced that former Lytx, Inc. executive Rush Akin has joined the company as Senior Vice President of Sales.
  • Akin, who has spent most of his career within the commercial telematics and fleet management space, will head up the company\'s fleet transportation, mileage, and logistics sales groups.\n"Rand McNally is pleased to have a sales leader of Rush\'s caliber join our growing organization.
  • Akin is based out of Rand McNally\'s Chicago headquarters.\nAbout Rand McNally Chicago-based Rand McNally has been transforming travel and transportation for 165 years.
  • Today, Rand McNally provides innovative fleet management and commercial transportation solutions, connected vehicletechnology, and consumer travel and education products.

Rand Capital Makes Largest Initial Funding of $3.8 Million with Caitec Inc.

Tuesday, November 17, 2020 - 1:35pm

Rand Capital Corporation (Nasdaq: RAND) (Rand), a business development company, today announced that it recently funded an initial investment in Caitec Inc., a rapidly growing provider of specialty pet products.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand), a business development company, today announced that it recently funded an initial investment in Caitec Inc., a rapidly growing provider of specialty pet products.
  • Rand invested $3.5 million through a 14% subordinated secured note and an additional $300,000 in Class A Preferred stock.
  • Allen F. (Pete) Grum, President and Chief Executive Officer, noted, The investment in Caitec represents a key transition point for Rand, as it represents one of the largest initial financings into a business in our history.
  • Except as required by applicable law, Rand assumes no obligation to update the forward-looking information contained in this release.

InMoment Appoints HR Veteran Wendy Rand as Chief Human Resources Officer

Wednesday, September 30, 2020 - 2:00pm

InMoment, the leading provider of Experience Improvement (XI), announces that Wendy Rand, human resources expert, has joined the company as Chief Human Resources Officer (CHRO) to accelerate the companys cultural vision for its expanding global employee base.

Key Points: 
  • InMoment, the leading provider of Experience Improvement (XI), announces that Wendy Rand, human resources expert, has joined the company as Chief Human Resources Officer (CHRO) to accelerate the companys cultural vision for its expanding global employee base.
  • View the full release here: https://www.businesswire.com/news/home/20200930005281/en/
    Wendy Rand joins InMoment as Chief Human Resources Officer (Photo: Business Wire)
    Rand joins InMoment at a critical time as InMoment grows and innovates at an exceptional rate.
  • Rand believes the role of HR is rapidly changing as companies strive to treat their employees like customers and create moments that matter while adapting to new working environments.
  • For InMoment, the global employee bases empowerment is a vital part of Rands passion.

Mammoth Energy Announces Filing of Rand Corporation Report Findings    

Tuesday, June 9, 2020 - 1:00pm

This report, titled Reasonableness Analysis of Cobra Acquisitions, LLC Emergency Contract Cost Validation Report dated March 28, 2019 (the Rand Report), was prepared at the request of FEMA by the Homeland Security Operational and Analysis Center (HSOAC), a federally funded research and development center operated by the Rand Corporation for the U.S. Department of Homeland Security.

Key Points: 
  • This report, titled Reasonableness Analysis of Cobra Acquisitions, LLC Emergency Contract Cost Validation Report dated March 28, 2019 (the Rand Report), was prepared at the request of FEMA by the Homeland Security Operational and Analysis Center (HSOAC), a federally funded research and development center operated by the Rand Corporation for the U.S. Department of Homeland Security.
  • FEMAs request for the Rand Report followed a December 22, 2017 Determination Memorandum produced by FEMA that found the MSA to be reasonable.
  • (page 14)
    We conclude that Cobras blended rates fall within representative ranges for high voltage emergency repair work.
  • Mammoth is an integrated, growth-oriented energy service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves and private utilities, public investor-owned utilities and co-operative utilities through its energy infrastructure services.

Rand Capital Announces Virtual Participation and Location Change for Annual Meeting of Shareholders

Thursday, April 2, 2020 - 2:00pm

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, today announced virtual participation and a change in the location for its Annual Meeting of Shareholders to be held on Wednesday, April 22, 2020 at 10:30 a.m. Eastern Time.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, today announced virtual participation and a change in the location for its Annual Meeting of Shareholders to be held on Wednesday, April 22, 2020 at 10:30 a.m. Eastern Time.
  • As a result, Rand Capital has arranged for virtual participation at its 2020 Annual Meeting of Shareholders and moved the physical location of the Annual Meeting to the Offices of Hodgson Russ LLP, 140 Pearl Street, Suite 100, Buffalo, NY 14202.
  • Shareholders as of the close of business on March 6, 2020, which is the record date for the Annual Meeting, are strongly discouraged from attending the meeting in person and can attend the meeting virtually via http://www.viewproxy.com/rand/2020 .
  • Further information regarding the change of location of the Annual Meeting can be found in the Notice of Change of Location of Annual Meeting of Shareholders filed by Rand Capital with the Securities and Exchange Commission on April 2, 2020.

Rand Capital Portfolio Company, Rheonix Inc., to Launch Rapid, Fully Automated Coronavirus Disease 2019 (COVID-19) Assay

Thursday, March 19, 2020 - 8:15pm

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, announced that its portfolio company, Rheonix Inc. is developing a coronavirus (COVID-19) test kit for use on its Encompass MDx workstation.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, announced that its portfolio company, Rheonix Inc. is developing a coronavirus (COVID-19) test kit for use on its Encompass MDx workstation.
  • The Rheonix system is a fully automated, sample-to-answer microfluidic system that provides test results in four hours and requires no technician involvement after the sample is loaded.
  • Rheonix is working with a consortium of leading New York state collaborators to test and validate the assay.
  • Except as required by applicable law, Rand Capital assumes no obligation to update the forward-looking information contained in this release.

Rand Capital Declares Special Dividend of $1.62 per Share

Tuesday, March 3, 2020 - 9:30pm

Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, today announced that its Board of Directors has declared a special dividend of $23.7 million, or approximately $1.62 per share, in connection with its plans to elect to become a regulated investment company (RIC) for U.S. federal tax purposes beginning with tax year 2020.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital or the Company), a business development company, today announced that its Board of Directors has declared a special dividend of $23.7 million, or approximately $1.62 per share, in connection with its plans to elect to become a regulated investment company (RIC) for U.S. federal tax purposes beginning with tax year 2020.
  • The Company expects to complete the distribution of the special dividend on or about May 11, 2020 (the Distribution Date).
  • Allen F. (Pete) Grum, President and Chief Executive Officer of Rand Capital, commented, The special dividend marks another major step in our transformation.
  • Except as required by applicable law, Rand Capital assumes no obligation to update the forward-looking information contained in this release.

Rand Capital Announces Sale of its Equity Interest in Microcision LLC

Wednesday, January 22, 2020 - 2:15pm

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.

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

Tuesday, November 26, 2019 - 1:30pm

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

Thursday, November 21, 2019 - 1:05pm

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.