Otava

The Finnish audiobook service Suomalainen Plus merges its subscriber base with Storytel

Retrieved on: 
Thursday, March 30, 2023

STOCKHOLM, March 30, 2023 /PRNewswire/ -- Storytel, the market leading subscription service for audiobook and e-book streaming in the Nordics, acquires the audiobook operations of the large Finnish bookstore chain Suomalainen Kirjakauppa from the Otava Group.

Key Points: 
  • STOCKHOLM, March 30, 2023 /PRNewswire/ -- Storytel, the market leading subscription service for audiobook and e-book streaming in the Nordics, acquires the audiobook operations of the large Finnish bookstore chain Suomalainen Kirjakauppa from the Otava Group.
  • This means that the subscriber base of Suomalainen Plus will be merged with Storytel.
  • Suomalainen Kirjakauppa, owned by the Otava Group, is Finland's largest bookstore chain and includes 56 physical stores, online sales and streaming operations.
  • Storytel is now acquiring Suomalainen's audiobook streaming business, Suomalainen Plus, which means that Suomalainen Plus subscribers will be transferred to Storytel.

BillingPlatform Experiences 80% YoY Revenue Growth Driven by Major Enterprise Customer Wins

Retrieved on: 
Tuesday, February 28, 2023

DENVER, Feb. 28, 2023 /PRNewswire/ -- BillingPlatform, the enterprise monetization platform for today's innovative business models, today announced key metrics of its growth and momentum in 2022. Last year, the company experienced 80% revenue growth and 78% bookings growth, all while maintaining industry leading customer retention rates.

Key Points: 
  • Last year, the company experienced 80% revenue growth and 78% bookings growth, all while maintaining industry leading customer retention rates.
  • BillingPlatform's commitment to innovation has accelerated the company's growth, as the company saw its enterprise customer base increase 38% in 2022 with major names such as CCC Intelligent Solutions Inc. , Otava , InComm Payments , Vantage Towers and Emburse .
  • BillingPlatform has maintained consistent growth for the last three years, experiencing a three-year revenue growth rate of 243%, which put them on the Deloitte Fast 500 for the third consecutive year.
  • "Our continued growth and success are driven by our modern, flexible platform that addresses any revenue management scenario and is a cornerstone for companies looking to transform their financial middle office."

Storytel announces its intention to carry out a directed share issue through an accelerated book building process

Retrieved on: 
Wednesday, November 9, 2022

STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").

Key Points: 
  • STOCKHOLM, Nov. 9, 2022 /PRNewswire/ -- Storytel AB (publ) ("Storytel" or the "Company") hereby announces its intention, with deviation from the shareholders' preferential rights, to carry out a directed issue of class B shares, corresponding to approximately SEK 400 million through an accelerated book building process (the "Directed Issue").
  • Storytel has engaged ABG Sundal Collier AB and Swedbank AB (publ) to explore the conditions for completing the Directed Issue through an accelerated bookbuilding procedure to be commenced immediately.
  • The book building process will commence immediately and will end before trading on Nasdaq First North Growth Market commences on 10 November 2022.
  • The Board of Directors may decide to extend or shorten the application period and can at any moment decide to terminate the book building process and thus refrain from conducting the Directed Issue.

Total Compliance Tracking On Track for Growth with Otava Managed Azure Cloud

Retrieved on: 
Thursday, September 15, 2022

ANN ARBOR, Mich., Sept. 15, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that it has migrated compliance management software and consulting firm Total Compliance Tracking (TCT) to its Managed Azure Cloud platform.

Key Points: 
  • Fully Managed Otava Cloud Solution Includes Built-in Compliance Certifications, Infrastructure Management, and Complementary Services
    ANN ARBOR, Mich., Sept. 15, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that it has migrated compliance management software and consulting firm Total Compliance Tracking (TCT) to its Managed Azure Cloud platform.
  • TCT provides businesses, consultants, service providers and compliance assessment firms with software and consulting solutions that simplify compliance management.
  • Otava migrated TCT's entire infrastructure, including its production, demo, and test environments, from its data centers to its Managed Azure Cloud platform within a weekend.
  • Total Compliance Tracking's (TCT) TCT Portal has been built from the ground up by compliance professionals, for compliance professionals.

Otava Selects BillingPlatform for Billing and Revenue Management

Retrieved on: 
Wednesday, August 3, 2022

DENVER, Aug. 3, 2022 /PRNewswire/ -- BillingPlatform, the enterprise monetization platform for today's innovative business models, today announced that Otava®, a global leader in custom and compliant hybrid cloud solutions, selected BillingPlatform's BillingCloud and Customer Portal for its billing and revenue management needs. BillingPlatform was selected for its ability to provide a single, unified billing solution that can scale to meet the unique business requirements of Otava's hybrid cloud and IT services business.

Key Points: 
  • "As organizations move deeper into the cloud, it becomes increasingly important to provide a flexible, unified platform for billing and revenue recognition," said Austin Cook, VP of Finance and Controller at Otava.
  • "Like many of our customers, Otava was looking to advance its billing and revenue management processes to support its strategic growth objectives," said Dennis Wall, BillingPlatform CEO.
  • "With BillingPlatform, Otava gains a scalable revenue management solution with the flexibility to accurately invoice its customers regardless of the billing model complexity.
  • This news comes on the heels of BillingPlatform having announced that MGI Research positioned BillingPlatform's Automated Revenue Management solution as a Market Leader based on an independent analysis of its product, management, strategy, finances and channels.

Otava Appoints Pete Bell as Senior Vice President of Sales

Retrieved on: 
Tuesday, August 2, 2022

ANN ARBOR, Mich., Aug. 2, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that Pete Bell has joined the company as Senior Vice President of Sales.

Key Points: 
  • ANN ARBOR, Mich., Aug. 2, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that Pete Bell has joined the company as Senior Vice President of Sales.
  • In this role, Bell directs Otava's sales strategy and manages the team responsible for customer acquisition and expansion to further the company's growth trajectory.
  • "Pete's natural abilities as a sales leader will prove invaluable as Otava continues to evolve," said Tom Wilten, Interim President and General Manager of Otava.
  • Prior to joining Otava, Bell served as Senior Vice President of Sales, at Faction, Inc.

Otava Ranked on Channel Futures 2022 MSP 501

Retrieved on: 
Thursday, June 23, 2022

ANN ARBOR, Mich., June 23, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that it has been named as one of the world's premier managed service providers in the prestigious 2022 Channel Futures MSP 501 rankings. Otava ranked 74th on this year's list, putting the company in the top 15% of the MSP 501 in 2022.

Key Points: 
  • Otava ranked 74th on this year's list, putting the company in the top 15% of the MSP 501 in 2022.
  • Winners are being recognized on the Channel Futures website and will be honored at a special ceremony at the Channel Futures MSP Summit + Channel Partners Leadership Summit, Sept. 13-16, in Orlando, Florida.
  • "The 2022 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today," said Allison Francis, senior news editor for Channel Futures.
  • The complete 2022 MSP 501 listwill be available on Channel Futures' website on Monday, June 20th.

Otava Named to the 2022 CRN Solution Provider 500 List

Retrieved on: 
Wednesday, June 22, 2022

ANN ARBOR, Mich., June 22, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that CRN , a brand of The Channel Company , has named Otava to its 2022 Solution Provider 500 list .

Key Points: 
  • ANN ARBOR, Mich., June 22, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced that CRN , a brand of The Channel Company , has named Otava to its 2022 Solution Provider 500 list .
  • CRN's annual Solution Provider 500 ranks North America's largest solution providers by revenue and serves as the gold standard for recognizing some of the channel's most successful companies.
  • "We are proud to have been included on this impressive list of solution providers every year since 2019," said Brad Cheedle, CEO, Otava.
  • "The Solution Provider 500 list from CRN serves as the benchmark for the top technology integrators, strategic service providers, and IT consulting firms, making it an invaluable resource for technology vendors seeking to partner with today's top-performing IT solution providers," said Blaine Raddon, CEO of The Channel Company.

Otava's Austin Cook Promoted to Vice President of Finance and Controller

Retrieved on: 
Wednesday, May 25, 2022

ANN ARBOR, Mich., May 25, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced the promotion of Austin Cook to Vice President of Finance and Controller.

Key Points: 
  • ANN ARBOR, Mich., May 25, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced the promotion of Austin Cook to Vice President of Finance and Controller.
  • "Austin has been an indispensable member of our team, consistently demonstrating his leadership and culture of service," said Tom Wilten, CFO, Otava.
  • Austin's promotion will help further Otava's success and advance our position as a leading cloud solutions provider."
  • Prior to joining Otava, Cook held finance and accounting roles in the cloud, technology, and professional services sectors.

Otava Adds Managed Azure Cloud to Robust Hybrid Cloud Portfolio

Retrieved on: 
Tuesday, April 26, 2022

ANN ARBOR, Mich. , April 26, 2022 /PRNewswire/ -- Otava, a global leader in custom and compliant hybrid cloud solutions, today announced the availability of its Managed Azure  Cloud service that enables businesses to achieve the benefits of a fully managed Azure cloud environment. Otava's fully managed service helps customers overcome the complexities of Azure and public cloud infrastructure, so that they can maintain focus on their core competencies.

Key Points: 
  • Managed, Maintained, and Supported Azure Cloud Infrastructure in a Secure and Scalable Environment Helps Customers Stay Compliant, Control Costs, and Grow While Focusing on Core Business
    ANN ARBOR, Mich., April 26, 2022 /PRNewswire/ -- Otava , a global leader in custom and compliant hybrid cloud solutions, today announced the availability of its Managed Azure Cloud service that enables businesses to achieve the benefits of a fully managed Azure cloud environment.
  • This combined with S tructure Research 's findings that project the managed Public Cloud market will reach $11.8 billion in 2026 at a five-year annual growth rate of 29.2%, Otava Managed Azure Cloud presents a significant growth opportunity for the business.
  • "Otava Managed Azure Cloud is a critical addition to our broad portfolio of secure and compliant hybrid cloud and security services.
  • With Otava's Managed Azure Cloud, businesses gain the advantages of cloud computing, while the management and maintenance is handled by cloud experts.