First Philippine Holdings Corporation

santec Leverages Rimini Consult™ to Comprehensively Restructure its SAP Systems in Support of Major Corporate Restructuring

Retrieved on: 
Wednesday, December 13, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213145234/en/
    santec Leverages Rimini Consult™ to Comprehensively Restructure its SAP Systems in Support of Major Corporate Restructuring (Photo: Rimini Street)
    As a Rimini Support™ for SAP client since 2018, the decision to select Rimini Consult was a natural move for santec based on the strong track record of delivering extraordinary support and services year after year.
  • santec weighed their options on who to partner with to complete this complex project: SAP or Rimini Street.
  • And the deep knowledge of their systems and organization as a long-time software support provider enabled Rimini Street to get to work immediately and efficiently.
  • Rimini Consult helps clients optimize, evolve, and transform Oracle, SAP, and Salesforce systems with specialized projects, including:

Xerox Shares 2023 Corporate Social Responsibility Report

Retrieved on: 
Thursday, October 19, 2023

Xerox Holdings Corporation (NASDAQ: XRX) today published its 2023 Global Corporate Social Responsibility (CSR) Report detailing Xerox’s continued CSR accomplishments and underscoring its continued pioneering leadership in delivering measurable environmental, social, and governance (ESG) impact work.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today published its 2023 Global Corporate Social Responsibility (CSR) Report detailing Xerox’s continued CSR accomplishments and underscoring its continued pioneering leadership in delivering measurable environmental, social, and governance (ESG) impact work.
  • “For more than 60 years, Xerox has made sustainability work—demonstrating that environmental stewardship and corporate social responsibility programs also lead to increased profits, improved employee engagement and great client satisfaction.
  • Additional highlights from this year’s report include:
    For the past two years, we have differentiated the service experience through CareAR®, a Xerox company, allowing experts to visually diagnose and solve client issues remotely.
  • Download Xerox’s full 2023 Global Corporate Social Responsibility Report here.

Xerox Announces $542 Million Repurchase of Shares from Carl C. Icahn and Affiliates

Retrieved on: 
Thursday, September 28, 2023

The aggregate purchase price for the repurchase is approximately $542 million, which we expect to fund with a new debt facility.

Key Points: 
  • The aggregate purchase price for the repurchase is approximately $542 million, which we expect to fund with a new debt facility.
  • Subsequent to the closing of the transaction, the Icahn Parties will no longer hold any Xerox common shares.
  • Scott Letier, who has served on the board since 2018, has been appointed chairman of the Xerox Board of Directors effective upon the closing of the repurchase transaction.
  • “Our decision to repurchase shares is reflective of the confidence we have in our business, our strategy and our ability to improve Xerox profitability and cash performance,” said Steve Bandrowczak, Chief Executive Officer of Xerox.

Xerox Announces Expansion of Financial Services Program with PEAC Solutions

Retrieved on: 
Thursday, September 14, 2023

Xerox Holdings Corporation (NASDAQ: XRX) and PEAC Solutions have expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) and PEAC Solutions have expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers.
  • The FITTLE business and Xerox™ Financial Services (XFS) will return to captive lenders as the company focuses on core capabilities and offerings including print, IT and digital services.
  • FITTLE and XFS will continue to offer financing for Xerox hardware, software, and solutions providing our clients with best-in-class services to help them succeed in today’s dynamic hybrid workplace.
  • “This move also enables Xerox to focus on delivering more targeted and specialized financial services programs to the Xerox distribution network and their clients.”
    Bill Stephenson, Global CEO of PEAC Solutions, commented, “This welcome expansion of the leasing program is a direct outcome of the strong collaboration that PEAC Solutions has developed with Xerox and FITTLE over the past year.

International Association of Certified ISAOs (IACI) Deploys VirnetX Matrix and VirnetX War Room

Retrieved on: 
Thursday, June 15, 2023

VirnetX Matrix™ Zero Trust secure communications leverage VirnetX's patented 'Secure Domains,' a separate DNS from the public Internet to ensure secure protection, invisible to threat actors and cyber criminals.

Key Points: 
  • VirnetX Matrix™ Zero Trust secure communications leverage VirnetX's patented 'Secure Domains,' a separate DNS from the public Internet to ensure secure protection, invisible to threat actors and cyber criminals.
  • VirnetX War Room™, leveraging VirnetX Matrix™, provides safe and secure video conferencing capabilities ensuring protection of sensitive communications and shared data, invisible to those unauthorized to view it.
  • "We congratulate IACI on completing their deployment of VirnetX Matrix and VirnetX War Room so quickly for securing its communications for critical infrastructure management.
  • We believe VirnetX solutions can be instrumental in improving security of these networks and reducing the impact of these attacks."

Invacare Reports Results for First Quarter 2023

Retrieved on: 
Monday, May 15, 2023

Invacare Holdings Corporation (OTC: IVCRQ) (“Invacare” or the “company”) today reported results of its predecessor Invacare Corporation for the quarter ended March 31, 2023.

Key Points: 
  • Invacare Holdings Corporation (OTC: IVCRQ) (“Invacare” or the “company”) today reported results of its predecessor Invacare Corporation for the quarter ended March 31, 2023.
  • In Europe, profitability improved over 90% compared to 1Q22 driven by gross profit expansion.
  • Notwithstanding the bankruptcy, the company achieved improved operating results driven by favorable product mix, lower input costs and reduced SG&A expense reflecting the benefit of previous restructuring actions.
  • We are beginning to see the benefit of the transformation actions previously implemented reflected in our financial results.

Xerox Accelerating Workplace Productivity, Supporting Clients’ Digital Transformation Journeys

Retrieved on: 
Monday, May 15, 2023

“Today’s workers — from the enterprise to the mid-market, and across verticals — are under new stress from the demands of the modern workplace.

Key Points: 
  • “Today’s workers — from the enterprise to the mid-market, and across verticals — are under new stress from the demands of the modern workplace.
  • “Companies must take advantage of technology and automation to improve the productivity and engagement of their employees.
  • Delivering these solutions and enabling the digital transformation journeys of our clients is Xerox’s top priority on the road ahead.”
    The ‘We Make Work, Work’ campaign emphasizes Xerox’s commitment to supporting clients in the hybrid environment undergoing digital transformations, while simultaneously building on the historical strength of the company’s workplace solutions.
  • “Xerox remains a household name as the leading provider of print technology, yet some aren’t aware of our full breadth of workplace technology offerings, most notably the next generation of business decision-makers,” said Deena LaMarque Piquion, chief marketing officer at Xerox.

Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International

Retrieved on: 
Monday, April 24, 2023

Xerox Holdings Corporation (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International , a nonprofit research institute behind some of the world’s most impactful deep tech advancements.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International , a nonprofit research institute behind some of the world’s most impactful deep tech advancements.
  • Xerox PARC was founded in 1970 and established as an independent company in 2002.
  • Xerox's donation of PARC to SRI will open new doors of opportunity for both organizations.
  • Xerox will also retain a branded Innovation Hub at PARC to host meetings, demonstrations and annual conferences for its clients.

Lopez led First Philippine Holdings Taps Kissflow to Fast-Track Digitization Plan

Retrieved on: 
Friday, November 4, 2022

WILMINGTON, Del., Nov. 4, 2022 /PRNewswire/ -- First Philippine Holdings Corporation (FPH), a pioneering holding company in South East Asia, has chosen the work platform, Kissflow to further digitize FPH and its subsidiaries' operations as part of key steps to hasten the Philippine conglomerate's decarbonization mission.

Key Points: 
  • FPH plans to transform and integrate more processes of other departments and subsidiaries using Kissflow.
  • "Our partnership with Kissflow helps improve operational and process efficiency that in turn enhances the way we serve our customers and vendors.
  • Kissflow enables every enterprise user to build and manage apps, processes, tasks, analytics, integration, and collaboration in a single unified platform.
  • Founded in 2004, Kissflow is an industry pioneer in the low-code / no-code space with a globally distributed workforce.

Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Retrieved on: 
Thursday, October 20, 2022

Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.
  • The dividend is payable on January 31, 2023, to shareholders of record on December 31, 2022.
  • The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock.
  • About Xerox Holdings Corporation (NASDAQ: XRX)
    For more than 100 years, Xerox has continually redefined the workplace experience.