ITCS

Calian Reports Results for the First Quarter

Retrieved on: 
Wednesday, February 14, 2024

OTTAWA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its results for the first quarter ended December 31, 2023.

Key Points: 
  • “Steps to restore our efficiency are bearing fruit with gross margin at an all-time high and adjusted EBITDA1 margin bordering on 11%.
  • These results demonstrate the strength of our business model, our diversification into new markets and offerings as well as the value creation generated from our M&A agenda.
  • “In the first quarter we generated $14.2 million in operating free cash flow1, representing a 73% conversion rate from adjusted EBITDA1,” said Patrick Houston, Calian CFO.
  • We ended the quarter with $139 million in net liquidity, well-positioned to pursue our growth objectives,” concluded Mr. Houston.

Calian Completes Acquisition of Decisive Group and Confirms Filing of Audited Financial Statements

Retrieved on: 
Friday, December 1, 2023

OTTAWA, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, has completed the acquisition of Decisive Group for up to CAD$74.7 million.

Key Points: 
  • OTTAWA, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, has completed the acquisition of Decisive Group for up to CAD$74.7 million.
  • A leader in the IT infrastructure and cyber security services business, the acquisition of Decisive rounds out Calian’s North American offerings.
  • It also positions the Calian IT and Cyber Solutions (ITCS) portfolio to expand further into global markets—serving a broader set of customers.
  • Calian confirms that it will be filing its FY23 audited financial statements today with no changes to its previously published financial results released earlier this week.

Calian Reports Unaudited Results for the Fourth Quarter and FY23

Retrieved on: 
Monday, November 27, 2023

OTTAWA, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its unaudited results for the fourth quarter and FY23 ended September 30, 2023.

Key Points: 
  • “We finished the year with a record quarter as revenues, gross margin and adjusted EBITDA reached new historical highs,” said Kevin Ford, Calian Chief Executive Officer.
  • “In FY23 we generated double-digit revenue growth with all four segments contributing.
  • “In FY23 we generated $45 million in operating free cash flow, representing a 68% conversion rate from adjusted EBITDA,” said Patrick Houston, Calian CFO.
  • On November 6, 2023, Calian appointed Michael Tremblay to the position of President, IT and Cyber Solutions effective December 1, 2023.

EQS-News: CANCOM SE: CANCOM strengthens expertise in the area of complex IT infrastructure and managed services through the acquisition of significant parts of DextraData GmbH

Retrieved on: 
Thursday, December 14, 2023

CANCOM acquires the IT consulting and services division of DextraData GmbH with 57 experts in an asset deal.

Key Points: 
  • CANCOM acquires the IT consulting and services division of DextraData GmbH with 57 experts in an asset deal.
  • Extensive know-how in consulting, implementation and managed services strengthens CANCOM's service business in an important trend area.
  • Munich, Germany, 27 November 2023 - The CANCOM Group announces the acquisition of the IT Consulting and Services business (ITCS) of DextraData GmbH.
  • With the purchase agreement concluded on 27 November 2023, CANCOM takes over the division, which combines the business with complex IT infrastructure and managed services.

Calian® Enters into Definitive Purchase Agreement to Acquire Decisive Group

Retrieved on: 
Thursday, November 9, 2023

Decisive Group is a leader in the IT infrastructure and cyber security services business in the Ontario region with a long legacy of working with customers to evolve their IT environment.

Key Points: 
  • Decisive Group is a leader in the IT infrastructure and cyber security services business in the Ontario region with a long legacy of working with customers to evolve their IT environment.
  • “The addition of Decisive complements and rounds out our current IT and Cyber Solutions (ITCS) portfolio in North America.
  • “The Decisive team is excited to join Calian,” says Decisive Group CEO, Mitchell Carkner.
  • “This, coupled with their relentless focus on customer needs, makes them a great fit for Calian.”
    The definitive purchase agreement is effective immediately.

Calian Announces President, IT and Cyber Solutions

Retrieved on: 
Monday, November 6, 2023

OTTAWA, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions is proud to announce the appointment of Michael Tremblay as President, IT and Cyber Solutions (ITCS).

Key Points: 
  • OTTAWA, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions is proud to announce the appointment of Michael Tremblay as President, IT and Cyber Solutions (ITCS).
  • “With more than 40 years of business, and an exceptional team, Calian does incredibly important work for customers around the world.
  • The IT and Cyber segments have a talented and dedicated team, and with Calian’s recent investments, a strong foundation in exciting customer solutions.
  • I look forward to being part of that ongoing growth and commitment to customer success.”
    Mike will officially join Calian December 1, 2023.

MURIYA REVEALS 'AMAZI': BIGGEST AND MOST SOUGHT-AFTER RESIDENTIAL PROJECT TO DATE IN HAWANA SALALAH

Retrieved on: 
Tuesday, January 3, 2023

MUSCAT, Oman, Jan. 3, 2023 /PRNewswire/ -- Amazi, the latest and highly sought-after waterfront residential resort development in Hawana Salalah was recently launched by Muriya, Oman's leading real-estate and tourism developer. Muriya, a subsidiary of Orascom Development Holding, an internationally acclaimed developer, and OMRAN, the leading government arm for tourism development in Oman, has teamed up with renowned SB Architects to design the project.

Key Points: 
  • MUSCAT, Oman, Jan. 3, 2023 /PRNewswire/ -- Amazi, the latest and highly sought-after waterfront residential resort development in Hawana Salalah was recently launched by Muriya, Oman's leading real-estate and tourism developer.
  • Tamer Dewidar at Orascom Development Holding, said, "Amazi at Hawana Salalah is expected to deliver an effortless waterfront lifestyle.
  • In addition, the residences are particularly appealing to investors and buyers expecting long-term and high-yield returns while acquiring Oman's residency."
  • Situated along Oman's stunning Indian Ocean coastline, Amazi, Hawana Salalah will offer spectacular and unobstructed vistas juxtaposing turquoise waters and white sand beaches with breathtaking landscapes.

MURIYA REVEALS 'AMAZI': BIGGEST AND MOST SOUGHT-AFTER RESIDENTIAL PROJECT TO DATE IN HAWANA SALALAH

Retrieved on: 
Tuesday, January 3, 2023

MUSCAT, Oman, Jan. 3, 2023 /PRNewswire/ -- Amazi, the latest and highly sought-after waterfront residential resort development in Hawana Salalah was recently launched by Muriya, Oman's leading real-estate and tourism developer. Muriya, a subsidiary of Orascom Development Holding, an internationally acclaimed developer, and OMRAN, the leading government arm for tourism development in Oman, has teamed up with renowned SB Architects to design the project.

Key Points: 
  • MUSCAT, Oman, Jan. 3, 2023 /PRNewswire/ -- Amazi, the latest and highly sought-after waterfront residential resort development in Hawana Salalah was recently launched by Muriya, Oman's leading real-estate and tourism developer.
  • Tamer Dewidar at Orascom Development Holding, said, "Amazi at Hawana Salalah is expected to deliver an effortless waterfront lifestyle.
  • In addition, the residences are particularly appealing to investors and buyers expecting long-term and high-yield returns while acquiring Oman's residency."
  • Situated along Oman's stunning Indian Ocean coastline, Amazi, Hawana Salalah will offer spectacular and unobstructed vistas juxtaposing turquoise waters and white sand beaches with breathtaking landscapes.

Holland & Knight Strengthens its Global Energy Practice with Acquisition of Transactional & Regulatory Team

Retrieved on: 
Monday, November 14, 2022

Holland & Knight's Energy and Natural Resources Group includes more than 220 lawyers in key markets throughout the U.S. and in Mexico and Colombia.

Key Points: 
  • Holland & Knight's Energy and Natural Resources Group includes more than 220 lawyers in key markets throughout the U.S. and in Mexico and Colombia.
  • Law360 named Holland & Knight the 2021 "Energy Practice Group of the Year" based on the firm's wide-ranging work in the industry.
  • "Since 2018, one important aspect of our business strategy has been to strengthen our energy practice," said Steven Sonberg, managing partner of Holland & Knight.
  • About Holland & Knight LLP: Holland & Knight is a global law firm with approximately 1,700 lawyers and other professionals in 32 offices worldwide.

United States Electric Power Industry Conference 2022: ISO Markets, Power Transactions, and Renewable Energy Resources (Houston, United States - December 6-7, 2022)

Retrieved on: 
Tuesday, November 1, 2022

DUBLIN, Nov. 1, 2022 /PRNewswire/ --The "Today's U.S. Electric Power Industry, ISO Markets, Power Transactions, and Renewable Energy Resources" training has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 1, 2022 /PRNewswire/ --The "Today's U.S. Electric Power Industry, ISO Markets, Power Transactions, and Renewable Energy Resources" training has been added to ResearchAndMarkets.com's offering.
  • If you want to truly understand the U.S. electric power industry, this course is for you.
  • How the North American power grid is structured, how it operates and what the different types of electric generation are.
  • What the smart grid, demand side management ("DSM"), distributed energy resources ("DER") and demand response ("DR") are, and how these forms of "virtual generation" and renewable energy resources are disrupting the U.S. power industry.