Fusion Global Business Solutions

Monex Europe Strengthens FX Options Team with Two Senior Appointments

Retrieved on: 
Tuesday, July 11, 2023
Finance, Business, Professional Services, Asset Management, Fintech, Monex, Fusion Global Business Solutions, Risk management, Convera Corporation, Lloyds Bank, Head, Monex Europe, FX, Financial services

Monex Europe, a leading corporate FX and hedging provider, has strengthened its team with two senior appointments.

Key Points: 
  • Monex Europe, a leading corporate FX and hedging provider, has strengthened its team with two senior appointments.
  • Michael Huggett joins as Senior Options Trader, and Chris Weeks joins as Head of Options Sales.
  • He joins Monex Europe from HSBC Global Markets, where he was Director of UK Corporate Sales, responsible for the firm’s FX Derivative solutions.
  • He joins Monex Europe from FX payments and risk management provider Convera (formerly Western Union Business Solutions), where he was Head of Hedging.

Convera Announces Final Closing of Western Union Business Solutions, Completing Global Transition

Retrieved on: 
Monday, July 10, 2023
Banking, Fintech, Professional Services, Finance, Slate, Small business, Convera Corporation, Baupost Group, Acquisition, Non-governmental organization, Investment, Skadden, Arps, Slate, Meagher & Flom, Fusion Global Business Solutions, Growth, AWS, Financial services

Reporting over half a billion in annual revenue, Convera continues to deliver record results with 2023 on track to outpace last year’s performance.

Key Points: 
  • Reporting over half a billion in annual revenue, Convera continues to deliver record results with 2023 on track to outpace last year’s performance.
  • With this final close, the company will focus on its planned investments to transform cross border payments in the years to come.
  • “We are delighted to formally complete this transition and incorporate all our European business into Convera.
  • The past two years have seen Convera transform substantially, building on the legacy of Western Union Business Solutions while positioning the company for growth in the digital age.

Nationwide Preventive Healthcare Company, Life Line Screening, Announces Jason Thorne as Senior Vice President of Global Business Solutions

Retrieved on: 
Wednesday, July 5, 2023
Health, Technology, Telemedicine, Virtual Medicine, Health Technology, Health Insurance, Managed Care, Cardiology, Fusion Global Business Solutions, Stroke, Cardiovascular disease, Growth, Senior, Multimedia, Risk, History, Life Line Screening, Lifeline, LLS, Pharmaceutical industry, Mobile phone

Life Line Screening, the nation’s leading mobile preventive health screening company for cardiovascular disease and stroke risk, announces the expansion of its leadership team with Jason Thorne joining the organization as Senior Vice President of Global Business Solutions.

Key Points: 
  • Life Line Screening, the nation’s leading mobile preventive health screening company for cardiovascular disease and stroke risk, announces the expansion of its leadership team with Jason Thorne joining the organization as Senior Vice President of Global Business Solutions.
  • View the full release here: https://www.businesswire.com/news/home/20230705933936/en/
    Jason Thorne, LLS VP of Global Business Solutions (Photo: Business Wire)
    “I feel very fortunate to have the opportunity to join Life Line Screening at this pivotal moment in the company’s growth,” said Jason Thorne.
  • Life Line Screening partners with insurance providers, large corporate companies, healthcare systems, and other entities in providing comprehensive wellness screenings and wellness membership programs nationwide.
  • More about Life Line Screening:
    Life Line Screening is the nation’s leading preventive health screening platform.

KDDI expands data centre presence in North America

Retrieved on: 
Wednesday, June 21, 2023
KDDI, Telehouse Europe, ASPS, Senior, Internet service provider, Telecommunications, CAD, Fusion Global Business Solutions, Acquisition, City, Growth, Environment, Cryptocurrency

TOKYO, June 21, 2023 /PRNewswire/ -- KDDI Corporation, a Japanese telecommunications leader, together with its data centre brand Telehouse, has announced the latest expansion of its global footprint in North America by reaching an agreement with Allied Properties REIT to acquire three data centres and its accompanying assets in Toronto, Canada. This investment of CAD 1.35 billion comes as a result of increased demand in the market for reliable interconnectivity services and is an important milestone for KDDI's expansion plans which will see the company establish a new legal entity, KDDI Canada, Inc.

Key Points: 
  • TOKYO, June 21, 2023 /PRNewswire/ -- KDDI Corporation , a Japanese telecommunications leader, together with its data centre brand Telehouse , has announced the latest expansion of its global footprint in North America by reaching an agreement with Allied Properties REIT to acquire three data centres and its accompanying assets in Toronto, Canada.
  • Starting with the first Telehouse data centre in New York in 1989, KDDI has been continuously expanding Telehouse's presence in new markets for over 30 years, with this recent acquisition bringing the total portfolio of data centres to 12 countries.
  • The new carrier-neutral data centres are located in the city centre of Toronto, and when fully operational, will provide over 30MW of IT load.
  • Michael Emory, Founder and Executive Chair, Allied Properties REIT, said: "With global data centre operating capability, KDDI is an ideal successor owner for our data centre assets.

KDDI expands data center presence in North America

Retrieved on: 
Wednesday, June 21, 2023
KDDI, Telehouse Europe, ASPS, Senior, Internet service provider, Telecommunications, CAD, Fusion Global Business Solutions, Acquisition, City, Growth, Environment, Cryptocurrency

TOKYO, June 21, 2023 /PRNewswire/ -- KDDI Corporation, a Japanese telecommunications leader, together with its data center brand Telehouse, has announced the latest expansion of its global footprint in North America by reaching an agreement with Allied Properties REIT to acquire three data centers and its accompanying assets in Toronto, Canada. This investment of CAD 1.35 billion comes as a result of increased demand in the market for reliable interconnectivity services and is an important milestone for KDDI's expansion plans which will see the company establish a new legal entity, KDDI Canada, Inc.

Key Points: 
  • TOKYO, June 21, 2023 /PRNewswire/ -- KDDI Corporation , a Japanese telecommunications leader, together with its data center brand Telehouse , has announced the latest expansion of its global footprint in North America by reaching an agreement with Allied Properties REIT to acquire three data centers and its accompanying assets in Toronto, Canada.
  • Starting with the first Telehouse data center in New York in 1989, KDDI has been continuously expanding Telehouse's presence in new markets for over 30 years, with this recent acquisition bringing the total portfolio of data centers to 12 countries.
  • The new carrier-neutral data centers are located in the city center of Toronto, and when fully operational, will provide over 30MW of IT load.
  • Michael Emory, Founder and Executive Chair, Allied Properties REIT, said: "With global data center operating capability, KDDI is an ideal successor owner for our data center assets.

Space Auto Secures Series A Funding Backed by Global Business Leader John Paul DeJoria and Others

Retrieved on: 
Tuesday, June 6, 2023
Partnership, Fusion Global Business Solutions, John Paul DeJoria, CRM, CFO, Growth, Automation, Cryptocurrency, Car dealership

DALLAS, June 06, 2023 (GLOBE NEWSWIRE) -- Space Auto , the new integrated software and marketing solution for car dealerships, announced that the company has secured a Series A funding round with a group of investors that includes Global Business Leader and Philanthropist John Paul DeJoria.

Key Points: 
  • DALLAS, June 06, 2023 (GLOBE NEWSWIRE) -- Space Auto , the new integrated software and marketing solution for car dealerships, announced that the company has secured a Series A funding round with a group of investors that includes Global Business Leader and Philanthropist John Paul DeJoria.
  • “I think Space Auto offers incredible products, not only for dealers but also for their customers, who will greatly benefit as well.
  • That is why I invested in this fabulous company.”
    John Paul DeJoria is co-founder of Paul Mitchell, founder of Patrón Tequila, and founder of John Paul Pet.
  • “We are incredibly grateful to be surrounded by the wisdom and business strategy of each of our new partners, including none other than John Paul DeJoria,” said Matthew Lance, CFO of Space Auto.

Business Analytics Market Zooms Towards Billion-Dollar Valuation: Estimated to Reach USD 136.47 Billion by 2030: Verified Market Research®

Retrieved on: 
Thursday, June 8, 2023
Cloud, Tableau Software, Insurance, IBM, SAS Institute Inc v World Programming Ltd, Fusion Global Business Solutions, Internet, Risk management, Energy, Research, SAP, USD, SAP SE, Organization, Microsoft, Oracle Corporation, Data, Geography, SE, Growth, SAS Institute, BFSI, Financial statement, Retail, Health care, Software

JERSEY CITY, N.J., June 8, 2023 /PRNewswire/ -- The Global Business Analytics Market is projected to grow at a CAGR of 9.63% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 77.00 Billion in 2022 and is expected to reach USD 136.47 Billion by the end of the forecast period.

Key Points: 
  • The report provides an in-depth analysis of the global Business Analytics Market, including its growth prospects, market trends, and market challenges.
  • The report reveals that the market was valued at USD 77.00 Billion in 2022 and is expected to reach USD 136.47 Billion by the end of the forecast period.
  • Financial statements, key development strategies, market share, and market ranking analysis are crucial factors for businesses aiming to thrive in the business analytics market.
  • Based on the research, Verified Market Research® has segmented the global Business Analytics Market into Software, Deployment Type, Industry, And Geography.

Business Analytics Market Zooms Towards Billion-Dollar Valuation: Estimated to Reach USD 136.47 Billion by 2030: Verified Market Research®

Retrieved on: 
Thursday, June 8, 2023
Cloud, Tableau Software, Insurance, IBM, SAS Institute Inc v World Programming Ltd, Fusion Global Business Solutions, Internet, Risk management, Energy, Research, SAP, USD, SAP SE, Organization, Microsoft, Oracle Corporation, Data, Geography, SE, Growth, SAS Institute, BFSI, Financial statement, Retail, Health care, Software

JERSEY CITY, N.J., June 8, 2023 /PRNewswire/ -- The Global Business Analytics Market is projected to grow at a CAGR of 9.63% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 77.00 Billion in 2022 and is expected to reach USD 136.47 Billion by the end of the forecast period.

Key Points: 
  • The report provides an in-depth analysis of the global Business Analytics Market, including its growth prospects, market trends, and market challenges.
  • The report reveals that the market was valued at USD 77.00 Billion in 2022 and is expected to reach USD 136.47 Billion by the end of the forecast period.
  • Financial statements, key development strategies, market share, and market ranking analysis are crucial factors for businesses aiming to thrive in the business analytics market.
  • Based on the research, Verified Market Research® has segmented the global Business Analytics Market into Software, Deployment Type, Industry, And Geography.

VentureCount Announces Strategic Partnership with AdminAssist

Retrieved on: 
Thursday, June 1, 2023
Newton, Partnership, Accounting, The Company, Everlane, Partner, DCAA, Fusion Global Business Solutions, Entrepreneurship, Management

WASHINGTON, June 1, 2023 /PRNewswire/ -- VentureCount Services Holdings, LLC and affiliated entities (including RTA Group, California Business Solutions and Govcon Accountants) ("VentureCount") today announced a strategic partnership with AdminAssist, LLC and affiliated entities ("AdminAssist" and collectively with VentureCount, the "Company").

Key Points: 
  • WASHINGTON, June 1, 2023 /PRNewswire/ -- VentureCount Services Holdings, LLC and affiliated entities (including RTA Group, California Business Solutions and Govcon Accountants) ("VentureCount") today announced a strategic partnership with AdminAssist, LLC and affiliated entities ("AdminAssist" and collectively with VentureCount, the "Company").
  • AdminAssist adds depth in our core offering, new service lines, and geographic expansion to our growing platform.
  • Bret, Deb, Keith and the entire team at AdminAssist bring deep expertise in an increasingly important end market and we're excited to have them on board" said Alex Diaz-Asper, Co-Founder and Partner of VentureCount.
  • "AdminAssist adds depth in our core offering, new service lines, and geographic expansion to our growing platform.

Wix Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 17, 2023
Acceleration, IBM, Yoy, Vistaprint, Share repurchase, Marketing, Internet, Partner, X Development, GAAP, OpenAI, Public expenditure, HQ, Friction, FCF, Fusion Global Business Solutions, CFO, Abrahami, WIX, Growth, AI, Total, LegalZoom, Software, Cardboard, Cryptocurrency, Bank, Music, Wix

In addition, the Company provided outlook for the second quarter and updated outlook for the full year 2023.

Key Points: 
  • In addition, the Company provided outlook for the second quarter and updated outlook for the full year 2023.
  • Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q1'23 Shareholder Update and other materials.
  • As for anyone who bundles Wix with companies that will be negatively impacted by AI, I believe they will be wrong."
  • Total revenue in the first quarter of 2023 was $374.1 million, up 10% y/y
    Total revenue on a y/y constant currency basis was $376.4 million, up 10% y/y
    Creative Subscriptions revenue in the first quarter of 2023 was $278.1 million, up 9%  y/y
    Creative Subscriptions ARR increased to $1.13 billion as of the end of the quarter, up 9% y/y
    Business Solutions revenue in the first quarter of 2023 was $95.9 million, up 11% y/y
    Transaction revenue2 was $42.3 million, up 16% y/y
    Partners revenue3 in the first quarter of 2023 was $103.9 million, up 27% y/y
    Total bookings in the first quarter of 2023 were $414.9 million, up 6% y/y
    Total bookings on a y/y constant currency basis were $422.7 million, up 7% y/y
    Creative Subscriptions bookings in the first quarter of 2023 were $313.4 million, up 5% y/y
    Business Solutions bookings in the first quarter of 2023 were $101.5 million, up 9% y/y
    GAAP net loss in the first quarter of 2023 was $(10.4) million, or $(0.18) per share
    Non-GAAP net income in the first quarter of 2023 was $51.1 million, or $0.91 per share
    Net cash provided by operating activities for the first quarter of 2023 was $46.0 million, while capital expenditures totaled $20.9 million, leading to free cash flow of $25.0 million
    Excluding one-time cash restructuring charges and the capital expenditures and other expenses  associated with the build out of our new corporate headquarters, free cash flow for the first quarter of 2023 would have been $44.0 million, or 12% of revenue
    We continued to repurchase shares this quarter.