KING OF PRUSSIA

Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering

Retrieved on: 
Wednesday, April 24, 2024
Sale, Common, Public expenditure, Observation, Exercise, Common stock, Acquisition, Person, Security (finance)

The size of the offering was increased from the previously announced $250 million aggregate principal amount of notes.

Key Points: 
  • The size of the offering was increased from the previously announced $250 million aggregate principal amount of notes.
  • In connection with the offering of the notes, Vertex granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45 million aggregate principal amount of notes.
  • The notes will mature on May 1, 2029, unless earlier repurchased, redeemed or converted in accordance with their terms.
  • Prior to November 1, 2028, the notes will be convertible only upon satisfaction of certain conditions and during certain periods.

Vertex Selected to Join Oracle ISV Accelerator for SaaS Initiative

Retrieved on: 
Wednesday, April 24, 2024
Cloud, Oracle Cloud, Partnership, Software as a service, OPN, ISV, OCI, Oracle Fusion Applications, Software

KING OF PRUSSIA, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), today announced that it has been selected to join the Oracle Independent Software Vendor (ISV) Accelerator for SaaS Initiative.

Key Points: 
  • KING OF PRUSSIA, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), today announced that it has been selected to join the Oracle Independent Software Vendor (ISV) Accelerator for SaaS Initiative.
  • "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications.
  • “Oracle and Vertex work together to provide our mutual customers with innovative tax solutions,” said Dan Haller, Vice President, North American Applications Ecosystem, Oracle.
  • We’re excited to have them join the Oracle ISV Accelerator for SaaS Initiative.”
    To learn more about how Vertex and Oracle work together to solve today’s toughest business challenges, click here .

ESG Research Unveils Critical Gaps in Responsible AI Practices Across Industries

Retrieved on: 
Wednesday, April 24, 2024
Responsibility, Imperative, Research, Artificial intelligence, Qlik, Research report, ESG, Trust, Data management, Collaboration, Stakeholder engagement, Organization, Strategic planning, Medical device

PHILADELPHIA, April 24, 2024 (GLOBE NEWSWIRE) -- Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), has sponsored a study by TechTarget’s Enterprise Strategy Group (ESG) to shine a light on the state of responsible AI practices across industries. This landmark research delves into the pressing need for robust ethical frameworks, transparent AI operations, and cross-industry collaboration to navigate the complexities of AI integration into business processes. The findings underscore the urgency for organizations to prioritize responsible AI to not only adhere to emerging regulations, but also to foster trust and inclusivity in AI-driven innovations.

Key Points: 
  • Operational Impact and Prioritization of Responsible AI: Despite the challenges, a robust 74% of organizations rate responsible AI as a top priority, signaling a growing recognition of its importance.
  • In light of the ESG Research findings, Qlik recognizes the imperative of aligning AI technologies with responsible AI principles.
  • Michael Leone, Principal Analyst at ESG, commented, "Our research confirms the growing adoption of AI across industries, but it also highlights a gap in effectively implementing responsible AI practices.
  • To explore the comprehensive findings of the ESG responsible AI research and its implications for organizations, interested parties are encouraged to download the full report.

Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date

Retrieved on: 
Monday, April 22, 2024
Vertex, Chairperson, Revenue stream

KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced preliminary financial results for the period ended March 31, 2024.

Key Points: 
  • KING OF PRUSSIA, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced preliminary financial results for the period ended March 31, 2024.
  • “Vertex’s first quarter financial results were strong across our business,” noted David DeStefano, President, Chief Executive Officer, and Chairperson of the Board.
  • Net revenue retention at March 31, 2024 is expected to be between 111% and 113%, as compared to 110% at March 31, 2023.
  • Vertex will release full first quarter 2024 financial results before the market opens on Wednesday, May 8, 2024.

Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

Retrieved on: 
Monday, April 22, 2024
Sale, Common, Public expenditure, Observation, Exercise, Common stock, Acquisition, Person, Security (finance)

In connection with the offering of the notes, Vertex expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37.5 million aggregate principal amount of notes.

Key Points: 
  • In connection with the offering of the notes, Vertex expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $37.5 million aggregate principal amount of notes.
  • Prior to November 1, 2028, the notes will be convertible only upon satisfaction of certain conditions and during certain periods.
  • From and after November 1, 2028, the notes will be convertible at any time at the election of the holders of the notes until the close of business on the second scheduled trading day immediately preceding the maturity date.
  • Upon conversion, the notes may be settled in shares of Vertex’s Class A Common Stock, cash or a combination of cash and shares of Vertex’s Class A Common Stock, at Vertex’s option.

CRN Honors Qlik with a Spot on Its 2024 Big Data 100 List

Retrieved on: 
Monday, April 22, 2024
CRN, Editing, AI, Artificial intelligence, Business, DataOps, Qlik, Big data, The Channel Company, Growth, Retail

PHILADELPHIA, April 22, 2024 (GLOBE NEWSWIRE) -- Qlik ® , a global leader in data integration, analytics, and artificial intelligence (AI), announced today that CRN ® , a brand of The Channel Company ®, included Qlik on its 2024 Big Data 100 list in the “Big Data Business Analytics” category.

Key Points: 
  • PHILADELPHIA, April 22, 2024 (GLOBE NEWSWIRE) -- Qlik ® , a global leader in data integration, analytics, and artificial intelligence (AI), announced today that CRN ® , a brand of The Channel Company ®, included Qlik on its 2024 Big Data 100 list in the “Big Data Business Analytics” category.
  • CRN’s annual list recognizes technology vendors committed to delivering continuous innovation across their big data portfolios in areas such as business analytics, data warehouse and data lake systems, database systems, management and integration tools, systems and platforms, and DataOps and data observability.
  • CRN’s Big Data 100 list is an invaluable resource for solution providers seeking best-of-breed products and services they can harness to help their customers become data driven.
  • “The companies honored on CRN’s 2024 Big Data 100 list are trailblazers in data-driven technologies.

Qlik Sets the Pace for Real-World AI Business Transformations Across Industries

Retrieved on: 
Tuesday, April 16, 2024
Indian Oil Corporation, Integra, Ecosystem, AI, Health care, Digital marketing, Artificial intelligence, Digital, Patient, Financial services, Data management, CRM, Risk assessment, AI accelerator

PHILADELPHIA, April 16, 2024 (GLOBE NEWSWIRE) -- Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), has enabled the integration of AI across industries, driving substantial business outcomes. In its latest effort to make AI more approachable for enterprises at all stages of technological adoption, Qlik announces the AI Accelerator. This service is designed as an initial foray for companies looking to explore the possibilities AI can offer, acting as an entry point into the broader landscape of AI-driven analytics.

Key Points: 
  • Empowering Businesses to Embark on AI with Ease, Qlik also Introduces a Rapid-Deployment AI Accelerator
    PHILADELPHIA, April 16, 2024 (GLOBE NEWSWIRE) -- Qlik® , a global leader in data integration, analytics, and artificial intelligence (AI), has enabled the integration of AI across industries, driving substantial business outcomes.
  • In its latest effort to make AI more approachable for enterprises at all stages of technological adoption, Qlik announces the AI Accelerator.
  • The impact of Qlik's AI solutions demonstrates the practical benefits and strategic value of deploying AI on top of solid data foundations.
  • Digital Marketing: RevLocal improved customer retention by 7% through predictive analysis using Qlik AutoML, highlighting the direct correlation between AI application and business growth.

Total Economic Impact Study Reveals a 209% ROI Using Qlik Cloud Analytics

Retrieved on: 
Thursday, April 11, 2024
Cloud, ROI, Risk, TCO, Automation, Forrester Research, Aggregation, Organization, Data analysis, TEI, SQL

PHILADELPHIA, April 11, 2024 (GLOBE NEWSWIRE) -- Qlik ®, a global leader in data integration, analytics and AI, today released the results of a commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Qlik, examining the potential return on investment (ROI) of Qlik Cloud Analytics on their organizations.

Key Points: 
  • PHILADELPHIA, April 11, 2024 (GLOBE NEWSWIRE) -- Qlik ®, a global leader in data integration, analytics and AI, today released the results of a commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Qlik, examining the potential return on investment (ROI) of Qlik Cloud Analytics on their organizations.
  • Key findings of the study into the benefits of Qlik Cloud Analytics include:
    Increased revenues totaling a risk-adjusted $620,000 over the course of three years due to better decision-making.
  • Qlik Cloud Analytics enables organizations to fully move its data analysis and processing over to the cloud, allowing it to retire more of its legacy systems each year.
  • "With Qlik Cloud Analytics, customers benefit from a broad set of analytics capabilities from descriptive to prescriptive.

EXTRAORDINARY NURSES RECOGNIZED AT RECOVERY CENTERS OF AMERICA

Retrieved on: 
Wednesday, April 10, 2024
DAISY, FAAN, Immune thrombocytopenic purpura, RCA, ITP, Humanities, Partnership, Idiopathic disease, Family, Patient, Immune system, Memory, Nursing

King of Prussia, PA, April 10, 2024 (GLOBE NEWSWIRE) -- Nurses at Recovery Centers of America (RCA) will soon be honored with The DAISY Award for Extraordinary Nurses ®.

Key Points: 
  • King of Prussia, PA, April 10, 2024 (GLOBE NEWSWIRE) -- Nurses at Recovery Centers of America (RCA) will soon be honored with The DAISY Award for Extraordinary Nurses ®.
  • The award is part of the DAISY Foundation's mission to recognize the extraordinary, compassionate nursing care they provide patients and families every day.
  • Yet these unsung heroes are seldom recognized for the super-human, extraordinary, compassionate work they do.
  • This evidence based, internationally recognized award demonstrates the value our nurses bring to the organization and the patients and families we serve.”

Recovery Centers of America Achieves Strong Outcomes from Innovative Evidence-Based Care Model for Addiction Treatment

Retrieved on: 
Wednesday, April 10, 2024
Addiction, RCA, MAT, Medical diagnosis, Insurance, Substance use disorder, Research, DBT, Medication, Patient, Mental health, Patient satisfaction, Dialectical behavior therapy, NIAAA, Hospital

Fresh Start (Pathway 2): For returning/relapse patients, focuses on addressing gaps in previous recovery experience and identifying top triggers.

Key Points: 
  • Fresh Start (Pathway 2): For returning/relapse patients, focuses on addressing gaps in previous recovery experience and identifying top triggers.
  • New data shows that the outcomes of RCA’s model is surpassing national standards and other recovery centers, including:
    RCA’s readmission rates are below national expectations.
  • "RCA's evidence-based care model represents a distinctive, innovative, and patient-centered approach to treating addiction and fostering lasting recovery," said Brett Cohen, CEO of RCA.
  • For more information about RCA’s care model and the new findings about its success, please visit Recovery Centers of America .