Galactic Effectuator

PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business

Retrieved on: 
Monday, December 11, 2023

PHILADELPHIA, Dec. 11, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET), a leading operator of diverse retail and experiential destinations, today announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway.  The reorganization plan (the "Prepackaged Plan") is supported by 100% of PREIT's First and Second Lien Lenders. To facilitate this process, the Company has received commitments for new money debtor-in-possession ("DIP") and exit revolver financing in an aggregate amount of approximately $135 million from a diverse group of leading investors, led by Redwood Capital Management, LLC and Nut Tree Capital Management, LP. This funding commitment, together with the unanimous support from the Company's existing lender group for the Prepackaged Plan, is a testament to the lenders' confidence in the Company's forward path and represents a crucial source of capital to support the Company's financial stability and long-term growth.

Key Points: 
  • "We are pleased to be moving forward with strengthening the Company's balance sheet and positioning it for long-term success through this Prepackaged Plan.
  • The filing will ensure that PREIT can continue all business operations without interruption while it obtains necessary approvals of its financial restructuring.
  • Under the terms of the Prepackaged Plan, a reorganized PREIT would emerge following the court-supervised process with a restructured balance sheet.
  • Equity Payment: Existing Preferred and Common Shares of PREIT will be canceled and PREIT will no longer be a publicly traded company.

CommLab India Platinum Winner: Best eLearning Content Development Company of 2024

Retrieved on: 
Wednesday, November 29, 2023

HYDERABAD, India, Nov. 29, 2023 /PRNewswire-PRWeb/ -- CommLab India, the leader in the eLearning industry, has been crowned as the Platinum Winner of the Top eLearning Content Development Companies for 2024. This recognition highlights CommLab India's unwavering commitment to excellence and innovation in the eLearning domain, driven by its expertise in authoring tools, including cutting-edge AI tools.

Key Points: 
  • CommLab India achieves Platinum Status as Top eLearning Content Development Company for 2024.
  • HYDERABAD, India, Nov. 29, 2023 /PRNewswire-PRWeb/ -- CommLab India, the leader in the eLearning industry, has been crowned as the Platinum Winner of the Top eLearning Content Development Companies for 2024 .
  • The eLearning industry's grand reveal of CommLab winning the Platinum Award in the Top eLearning Content Development Companies category for 2024 is a moment of pride and celebration for the company and its global team.
  • Ayesha Habeeb Omer, the COO and Co-founder of CommLab India, expressed her gratitude and excitement, stating, "We are truly honored to be recognized as the Platinum Winner of the Top eLearning Content Development Companies for 2024.

Effectual Earns HashiCorp Security Competency

Retrieved on: 
Tuesday, October 3, 2023

JERSEY CITY, N.J., Oct. 3, 2023 /PRNewswire/ -- Effectual, a modern, cloud-first managed and professional services company has earned the HashiCorp Security Competency, adding a second HashiCorp competency to its growing list of achievements and qualifications. The security competency further validates their capabilities in delivering and integrating HashiCorp's suite of products within a diverse range of client initiatives, specifically highlighting Effectual's proficiency in delivering state-of-the-art zero trust security solutions that leverage HashiCorp Vault, Terraform, Consul, and Boundary.

Key Points: 
  • JERSEY CITY, N.J., Oct. 3, 2023 /PRNewswire/ -- Effectual , a modern, cloud-first managed and professional services company has earned the HashiCorp Security Competency, adding a second HashiCorp competency to its growing list of achievements and qualifications.
  • The security competency further validates their capabilities in delivering and integrating HashiCorp's suite of products within a diverse range of client initiatives, specifically highlighting Effectual's proficiency in delivering state-of-the-art zero trust security solutions that leverage HashiCorp Vault, Terraform, Consul, and Boundary.
  • While already on a short list of partners with one Competency (Infrastructure), Effectual has once again made a huge leap by adding the Security Competency to their growing list of recognitions," - FJ Gould, Americas Partner Lead, HashiCorp.
  • "Achieving the HashiCorp Security Competency underscores our commitment to solving complex customer challenges with proven modernization solutions," said Robb Allen, CEO, Effectual.

US Signal Welcomes Two New Executives to Accelerate Business Growth

Retrieved on: 
Monday, July 24, 2023

The new executives will strengthen US Signal's leadership team and spearhead business transformation and growth, aligning with the company's mission of providing innovative technology solutions backed by exceptional customer service and support.

Key Points: 
  • The new executives will strengthen US Signal's leadership team and spearhead business transformation and growth, aligning with the company's mission of providing innovative technology solutions backed by exceptional customer service and support.
  • US Signal announces the appointment of John White, COO, and Gaudy Jandron, CIO.
  • John is highly regarded for driving organizational growth, operational excellence, technology transformation, and innovation.
  • Known for her exceptional ability to build and inspire high-performing teams, Gaudy believes in empowering her team members and encouraging their professional growth.

Effectual Receives Investment from SDC Capital Partners

Retrieved on: 
Wednesday, December 14, 2022

JERSEY CITY, N.J., Dec. 14, 2022 /PRNewswire/ -- Effectual announced today that SDC Capital Partners has made a controlling investment in the rapidly growing cloud services leader. The recapitalization will provide Effectual with the resources to fuel its growth and acquisition strategy.

Key Points: 
  • JERSEY CITY, N.J., Dec. 14, 2022 /PRNewswire/ -- Effectual announced today that SDC Capital Partners has made a controlling investment in the rapidly growing cloud services leader.
  • "As specialized investors in digital infrastructure, SDC is the ideal partner for Effectual as we look to accelerate our strategic growth initiatives," said Robb Allen, Effectual founder and CEO.
  • "Effectual has established itself as a market leader in digital transformation and modernization," said Todd Clapp, Partner at SDC.
  • SDC Capital Partners, LLC is a global digital infrastructure investment firm with approximately $4 billion of assets under management as of September 30, 2022.

Effectual Achieves Inaugural HashiCorp Infrastructure Competency

Retrieved on: 
Tuesday, November 8, 2022

JERSEY CITY, N.J., Nov. 8, 2022 /PRNewswire/ -- Effectual , a modern, cloud first managed and professional services company, has been awarded the HashiCorp Infrastructure Competency as part of the newly released Partner Technical Competency Program for Systems Integrators .

Key Points: 
  • JERSEY CITY, N.J., Nov. 8, 2022 /PRNewswire/ -- Effectual , a modern, cloud first managed and professional services company, has been awarded the HashiCorp Infrastructure Competency as part of the newly released Partner Technical Competency Program for Systems Integrators .
  • Effectual is one of only six companies globally to be recognized with the HashiCorp Infrastructure Competency as part of the program's launch.
  • The new competency program gives partners with the HashiCorp Systems Integrator designation the opportunity to be recognized for their ability to deliver and integrate HashiCorp products and solutions into end customers' initiatives.
  • "Effectual enables customers to accelerate automation and innovation utilizing HashiCorp Terraform, Vault, and the recently released HCPBoundary ," said Robb Allen, Effectual CEO.

Stromasys Receives Amazon Web Services (AWS) Migration and Modernization Competency

Retrieved on: 
Tuesday, June 28, 2022

AWS launched the AWS Migration and Modernization ISV Competency to allow customers to quickly and confidently engage highly specialized AWS Partners that help AWS customers modernize their applications.

Key Points: 
  • AWS launched the AWS Migration and Modernization ISV Competency to allow customers to quickly and confidently engage highly specialized AWS Partners that help AWS customers modernize their applications.
  • The AWS Migration and Modernization ISV Competency takes on the heavy lifting of identifying and validating industry leaders with proven customer success and technical proficiency in migration and application modernization tooling.
  • "The AWS Migration and Modernization ISV Competency raises the bar again by choosing to solve the hardest challenge faced in application migration and modernization," said Bill Platt, General Manager, AWS Migration Services.
  • "I am confident that their solution, validated by the AWS Migration and Modernization ISV Competency, will provide an even more complete portfolio of migration and modernization solutions to customers and partners."

adm Group acquires Lapine and Effectus to strengthen consumer and shopper engagement offering

Retrieved on: 
Wednesday, May 11, 2022

Based in Miami, Effectus is an advisory and transformation execution consultancy that improves clients' operational proficiency through tactical business process improvement initiatives.

Key Points: 
  • Based in Miami, Effectus is an advisory and transformation execution consultancy that improves clients' operational proficiency through tactical business process improvement initiatives.
  • Justin Barton, Global CEO of adm Group, commented: "Lapine has a longstanding, proud history as a well-run business with outstanding talent, clients and capabilities.
  • We feel adm Group is a great cultural fit for Lapine and are excited to begin this journey together."
  • Chetan Shah,co-founder andCEO of Effectus, commented: "We are excited to work with adm to further strengthen their consulting services for clients.

Trace3 Doubles Down on Strategic Partnership with Effectual for Enterprise AWS Cloud Expertise

Retrieved on: 
Tuesday, March 29, 2022

JERSEY CITY, N.J. and IRVINE, Calif., March 29, 2022 /PRNewswire/ -- Effectual, a modern, cloud first managed and professional services company, announced a strategic partnership with Trace3, a premier provider of advanced technology consultation services and solutions. As an integral part of Trace3's growing cloud services, Effectual will provide access to their elite team of Modernization Engineers™, holding over 200 AWS certifications.

Key Points: 
  • As an integral part of Trace3's growing cloud services, Effectual will provide access to their elite team of Modernization Engineers, holding over 200 AWS certifications .
  • Over the course of the past year, Trace3 and Effectual have collaborated on several enterprise AWS Cloud engagements for Fortune 500 brands including leading healthcare providers, financial services, and manufacturing companies.
  • "Certified AWS cloud professionals are a difficult resource to find, and keep, within the enterprise," said Rick Ruskin, Chief Sales Officer, Effectual.
  • A validated AWS MSP Partner, Effectual has achieved the AWS Migration Competency, AWS DevOps Competency, AWS Mobile Competency, AWS SaaS Competency, and AWS Government and AWS Nonprofit Competency designations.

Effectual Names John White as Chief Innovation Officer

Retrieved on: 
Thursday, March 24, 2022

JERSEY CITY, N.J., March 24, 2022 /PRNewswire/ -- Effectual, a modern, cloud first managed and professional services company, has named John White as Chief Innovation Officer. White will drive the company's product and innovation strategy to deliver full stack IT modernization solutions that realize the full potential of cloud technologies.

Key Points: 
  • JERSEY CITY, N.J., March 24, 2022 /PRNewswire/ -- Effectual , a modern, cloud first managed and professional services company, has named John White as Chief Innovation Officer.
  • White will drive the company's product and innovation strategy to deliver full stack IT modernization solutions that realize the full potential of cloud technologies.
  • A proven cloud expert, White has guided thousands of companies through complex infrastructure migrations and technology evolutions keeping cost, culture, and business impact top of mind.
  • "John's expertise and passion for innovation will accelerate the development of our products and differentiate our approach to service delivery," said Robb Allen, CEO, Effectual.