High tech

KBRA Assigns Rating to T. Rowe Price OHA Select Private Credit Fund's $300 Million Notes due 2029

Retrieved on: 
Thursday, March 7, 2024

KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.

Key Points: 
  • KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.
  • The rating and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
  • T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
  • OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).

20TH ANNUAL MN CUP 2024 OPENS FOR APPLICATIONS MARCH 11

Retrieved on: 
Thursday, March 7, 2024

MINNEAPOLIS, March 7, 2024 /PRNewswire/ -- Calling all startups, business owners, and aspiring entrepreneurs: the 20th annual MN Cup season begins with applications opening on Monday, March 11th. As the nation's largest statewide startup competition, MN Cup identifies, supports, and connects early-stage ventures throughout the state. Minnesota businesses who choose to apply can be in any stage from mere idea to revenue-generating operation—as long as their annual revenue is under $1 million.

Key Points: 
  • MINNEAPOLIS, March 7, 2024 /PRNewswire/ -- Calling all startups, business owners, and aspiring entrepreneurs: the 20th annual MN Cup season begins with applications opening on Monday, March 11th.
  • As the nation's largest statewide startup competition, MN Cup identifies, supports, and connects early-stage ventures throughout the state.
  • Acting as a hub that connects various parts of Minnesota's business ecosystem, MN Cup is a crucial resource for emerging entrepreneurs.
  • "It's an honor to reach this milestone year and to be able to continue supporting local entrepreneurs," MN Cup co-founder Scott Litman said.

Genpact Announces Five-Year Digital Transformation Engagement with Tropicana Brands Group to Reengineer Global Business Services

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Genpact (NYSE: G) a global professional services firm focused on delivering outcomes that transform businesses, today announced a strategic five-year collaboration with Tropicana Brands Group, a leading chilled beverage company, to transform its global business services and supply chain operations.

Key Points: 
  • Genpact will leverage its domain expertise and digital business platform to implement standardized processes, data analytics, and innovative digital solutions to transform Tropicana Brand Group's finance and accounting (F&A) operations.
  • As part of the engagement, Genpact will conduct S/4 HANA testing to help deploy new systems while enabling new Global Business Services capabilities.
  • "Tropicana Brands Group is committed to delivering modern enterprise business services that are future-ready and aligned with our growth plans," said Matt Murray, Head of Corporate Finance, Tropicana Brands Group.
  • "Tropicana Brands Group exemplifies this approach by strategically reengineering its business through the use of advanced digital technologies and data analytics to enhance revenue, profitability, and innovation."

Apps Associates Honored in CRN’s MSP 500 List for Excellence in Managed Services

Retrieved on: 
Tuesday, February 13, 2024

Apps Associates , an acclaimed global leader in enterprise application services, announced today that CRN® , a brand of The Channel Company , has named Apps Associates to its Managed Service Provider (MSP) 500 list in the Pioneer 250 category for 2024.

Key Points: 
  • Apps Associates , an acclaimed global leader in enterprise application services, announced today that CRN® , a brand of The Channel Company , has named Apps Associates to its Managed Service Provider (MSP) 500 list in the Pioneer 250 category for 2024.
  • The MSP 500 list compiled by CRN serves as a comprehensive guide to identifying and recognizing the top Managed Service Providers (MSPs) in North America.
  • Apps Associates is honored for its AppsAssurance Managed Services , enabling organizations to prioritize their core functions by simplifying technology management for applications and infrastructure.
  • Our AppsAssurance Managed Services go beyond support; they are a cornerstone for innovation and operational efficiency," said Adrian King, CEO of Apps Associates.

SoftServe Introduces New DevIQ Advisory Service for Maximizing Software Development

Retrieved on: 
Thursday, February 1, 2024

SoftServe , a premier IT consulting and digital services provider, today announced its newest advisory service: DevIQ.

Key Points: 
  • SoftServe , a premier IT consulting and digital services provider, today announced its newest advisory service: DevIQ.
  • In partnership with process intelligence platform Bloomfilter, SoftServe’s DevIQ Advisory Service empowers organizations to align their software development processes with strategic business objectives, ensuring development efforts are productive, streamlined, and effective.
  • DevIQ advisory service brings observability, predictability, and efficiency to companies using Agile frameworks in their software development life cycle (SDLC).
  • SoftServe's DevIQ advisory service, backed by our extensive experience with companies utilizing SDLC processes, has consistently driven impactful results.

KBRA Assigns Ratings to T. Rowe Price OHA Select Private Credit Fund (OCREDIT)

Retrieved on: 
Monday, January 29, 2024

KBRA assigns issuer and senior unsecured debt ratings of BBB to T. Rowe Price OHA Select Private Credit Fund (“OCREDIT” or “the company”).

Key Points: 
  • KBRA assigns issuer and senior unsecured debt ratings of BBB to T. Rowe Price OHA Select Private Credit Fund (“OCREDIT” or “the company”).
  • The ratings and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
  • T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
  • OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).

UPTIQ Expands its Reach to 3,200 Advisors with Strategic Acquisition of Focus Treasury and Credit Solutions

Retrieved on: 
Monday, January 29, 2024

This acquisition significantly enhances UPTIQ's Artificial Intelligence (AI) enabled technology by combining automation and digital/intuitive self-service with FTCS’s client-centric approach to delivering tailored cash and credit solutions to financial advisors.

Key Points: 
  • This acquisition significantly enhances UPTIQ's Artificial Intelligence (AI) enabled technology by combining automation and digital/intuitive self-service with FTCS’s client-centric approach to delivering tailored cash and credit solutions to financial advisors.
  • Following the closing of this transaction, FTCS will be renamed and rebranded as UPTIQ Treasury and Credit Solutions, LLC (“UTCS”), and Focus will become a shareholder in UPTIQ.
  • Their unique expertise and demonstrated experience curating tailored cash and credit solutions for financial advisors is the perfect complement to our existing suite of tech-enabled financial solutions.
  • Furthermore, clients of FTCS can look forward to accessing a broader range of financial and technology solutions through UPTIQ.

DAT strengthens leadership team with two key executive appointments, furthering its commitment to innovation and information security

Retrieved on: 
Thursday, January 18, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240118229744/en/
    Jeff Clementz, DAT Chief Product Officer (Photo: DAT Freight & Analytics)
    Jeff Clementz has 25 years of experience and joined DAT as Chief Product Officer and a member of the executive team.
  • Jeff most recently was president and chief executive officer at Shift, an e-commerce platform for the auto industry.
  • Erika held information security leadership positions at Salesforce and Oracle, where she was responsible for SaaS, PaaS and IaaS security and compliance.
  • “I’m excited to have Erika join DAT and lead our information security initiatives to ensure that DAT delivers the most trusted marketplace for freight.”

DOSS Celebrates Significant Milestone: First DOSS Home Center Franchise Opens in Flower Mound, Texas

Retrieved on: 
Wednesday, January 17, 2024

HOUSTON, Jan. 17, 2024 /PRNewswire-PRWeb/ -- DOSS, an Artificial Intelligence (AI) Real Estate Marketplace, is excited to announce the opening of its first DOSS Home Center Franchise in Flower Mound, Texas. Headquartered in Houston, Texas Co-Founders Bobby Bryant (CEO) and Chris Norton (COO) meticulously created a Modern Real Estate Brokerage Franchise that represents the future of real estate brokerage, operations, and technology. A brand whose value proposition resonates with both Consumers and Real Estate Agents, by offering everybody involved in the real estate transaction fair-pricing, better options, innovative and useful technology, more transparency, and significant value.

Key Points: 
  • An Artificial Intelligence (AI) Real Estate Marketplace, DOSS is excited to announce the opening of its first DOSS Home Center Franchise.
  • HOUSTON, Jan. 17, 2024 /PRNewswire-PRWeb/ -- DOSS , an Artificial Intelligence (AI) Real Estate Marketplace, is excited to announce the opening of its first DOSS Home Center Franchise in Flower Mound, Texas.
  • The accomplished owner of the DOSS Home Center, Flower Mound franchise is Jeannetta Collier .
  • We are delighted to have Jeannetta Collier as the owner of our inaugural DOSS Home Center Franchise in Flower Mound and eagerly anticipate supporting her in this new partnership."

Global Supply Chains Stabilized in 2023 with Mere 5% Annual Increase in Disruptions

Retrieved on: 
Tuesday, January 16, 2024

Mergers and acquisitions, along with business sales, also made their way into the top five supply chain disruptions for 2023.

Key Points: 
  • Mergers and acquisitions, along with business sales, also made their way into the top five supply chain disruptions for 2023.
  • Labor disruptions emerged as a new and noteworthy addition to Resilinc's top five list for 2023.
  • With an 89% year-over-year increase, labor issues played a major role in impacting most industries in the U.S. and globally.
  • Rounding out the top five is factory disruptions, which saw a 16% YoY increase.