Category: Business

Business News from around the world.

ACS Wins OASIS (SB) Multi-Award Schedule (MAS) Pool 1 Contract; DCAA Compliant

RESTON, Va.–(BUSINESS WIRE)–#contract–Assured Consulting Solutions, LLC (ACS) today announced its selection as a One Acquisition Solution for Integrated Services (OASIS) Small Business (SB) Multi-Award Schedule (MAS) Pool 1 Indefinite Delivery Indefinite Quantity (IDIQ) contract winner. ACS Partner Ryan Feeney said that the award is a win for both ACS and its customers. The 10-year contract …

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MV Index Solutions GmbH Licenses the BlueStar Top-10 US Banks Index

FRANKFURT, Germany–(BUSINESS WIRE)–Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Top-10 US Banks Index (ticker: BUBNKNTR) to Migdal Mutual Funds, a leading Israeli issuer of ETFs and index mutual funds. The BlueStar Top-10 US Banks Index (ticker: BUBNKNTR) covers the 10 largest US banks, with a buffer at the lower end …

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CPSI Announces Partnership With ChartWise Medical Systems to Offer Enhanced TruBridge Clinical Documentation Solutions to Improve Reimbursement, Compliance and Quality Scores for Providers

MOBILE, Ala.–(BUSINESS WIRE)–$CPSI–CPSI (NASDAQ: CPSI), a healthcare solutions company, and ChartWise Medical Systems Inc. (ChartWise), a computer-assisted clinical document improvement (CDI) company, today announced a partnership that will help healthcare organizations of all sizes improve clinical documentation accuracy and overall medical reimbursement. To strategically manage costs, while also requiring improvements in the quality of patient …

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World Insurance Associates Acquires Gateway Agency National

TINTON FALLS, N.J.–(BUSINESS WIRE)–#acquisitions–World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Gateway Agency National (“Gateway”) of Highlands, NJ on September 1, 2020. Terms of the transaction were not disclosed. Founded in 1981, Gateway specializes in home, automobile, boating, and life insurance needs for clients across New Jersey. Gateway …

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Directed Capital Raises $92 Million for Distressed Debt Fund, Receives Combined $100 Million in Credit Facilities From Goldman Sachs, Pacific Western Bank, Valley Bank

Financial Firm’s Historical Loan Acquisitions and Originations Climb to More Than $1.5 Billion ST. PETERSBURG, Fla. & SAN DIEGO–(BUSINESS WIRE)–Directed Capital, a national opportunistic real estate finance firm that acquires and strategically repositions commercial mortgage loans, today announced it has closed its tenth flagship fund, raising $92 million in equity commitments that will be deployed …

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AM Best Revises Under Review Status to Negative for Credit Ratings for Noor Takaful General PJSC and Noor Takaful Family PJSC

LONDON–(BUSINESS WIRE)–AM Best has revised the under review status to negative from developing for the Financial Strength Ratings of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” of Noor Takaful General PJSC (NTG) (United Arab Emirates) and Noor Takaful Family PJSC (NTF) (UAE). On 27 February 2020, AM Best placed NTG’s and NTF’s …

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CFO Taskforce Introduced Principles on SDG Integrated Investments and Finance

ISTANBUL–(BUSINESS WIRE)–The UN Global Compact’s initiative CFO Taskforce, which Turkcell (NYSE:TKC) (BIST:TCELL) takes part as one of the founding members, introduced the CFO Principles On Integrated SDG Investments and Finance to guide financial leaders for long-term sustainable value creation during UN’s General Assembly on September 21st. The UN Global Compact CFO Taskforce launched the first …

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Franklin Templeton Multi-Asset Solutions Business and Quantitative Manager QS Investors Join Forces

More Than $120 Billion Solutions Business Brings Together Complementary Client Bases, Geographical Footprint and Investment Strengths Combination Adds Scale, Expertise and Cutting-Edge Technology to Deliver Best-in-Class Solutions for Clients SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Templeton today announced its plans to combine the Franklin Templeton Multi-Asset Solutions (FTMAS) and QS Investors capabilities to form Franklin Templeton Investment …

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Pacific Life Joins Forces with RetireOne

Advisers on the RetireOne Platform Can Now Choose Advisory Annuities from Pacific Life NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life announced today that it has expanded access to the company’s two fee-based annuities, Pacific Odyssey® and Pacific Index Advisory®, through RetireOne®—the insurance and annuity back office for more than 900 registered investment advisers (RIAs). “We’re excited that …

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Plymouth Rock Assurance Introduces Motorcycle Insurance

New motorcycle and ATV coverages powered by Rider Insurance Company acquisition WOODBRIDGE, N.J.–(BUSINESS WIRE)–Plymouth Rock Assurance today announced the launch of its Motorcycle Insurance for riders across New Jersey and Pennsylvania. Introduced less than a year after the company acquired Rider Insurance Company, Plymouth Rock Motorcycle Insurance combines Rider’s 50-year history of serving the motorcycle …

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Laika Raises $10M in Series A Funding

Funding accelerates Laika’s ability to power growth for modern businesses by automating compliance NEW YORK–(BUSINESS WIRE)–Laika, an information security and compliance-as-a-service platform, announced today that it raised $10 million in an equity financing round led by Canapi Ventures. Existing investors Bain Capital, NYCA Partners, and Third Prime also participated alongside notable founders, CEOs, and CTOs …

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Digital Legal Exchange Partners With FT Live to Host Its First-Ever Digital Lawyers Conference

LONDON–(BUSINESS WIRE)–The Digital Legal Exchange, a non-profit global institute accelerating digital transformation in legal, has partnered with FT Live and its research partner, RSG Consulting, for the first-ever FT Digital Lawyers Conference. The one-day virtual event will bring together business leaders, general counsel, and law firm partners to discuss the acceleration of digital in legal …

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Fifth Third Sets $8 Billion Sustainable Finance Goal

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bancorp (Nasdaq: FITB) today announced that it has set a new sustainable finance goal of $8 billion to be achieved by 2025. This goal continues the Bank’s leadership in environmental sustainability, having become the first Fortune 500 company to achieve 100% renewable power through a single, solar project, earning an A- Climate …

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Kronos and Konica Minolta Announce Strategic Alliance to Support Safer Workplaces During COVID-19 Pandemic

LOWELL, Mass.–(BUSINESS WIRE)–#COVID19–As employees increasingly set high expectations for workplace safety, Kronos Incorporated and Konica Minolta Business Solutions U.S.A., Inc. today announced a strategic alliance to support safer return to work initiatives during the COVID-19 pandemic. Organizations that jointly deploy Konica Minolta intelligent security solutions and Workforce Dimensions from Kronos will benefit from streamlined and …

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New White Paper Sees Growing Market for Utility Smart Home Solutions

SmartEnergy IP Survey Confirms That “Cool” and “Energy Savings” Are Two Major Drivers for Consumer Interest in Smart Home PHILADELPHIA–(BUSINESS WIRE)–#AMI–SmartEnergy IP™, a leading research and advisory firm focused on customer experience in energy and utilities, announced today the release of its industry white paper entitled “Customer Preferences Dictate the Future of Smart Home Business …

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MEDIA ADVISORY: Intuit to Host Virtual Investor Day

Company to Provide Update on the Company’s AI-Driven Expert Platform Strategy, Innovations for Consumers and Small Businesses MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq: INTU) will host its virtual Investor Day today, beginning at 8:00 a.m. Pacific time. WHAT: Chief executive officer Sasan Goodarzi, chief financial officer Michelle Clatterbuck, executive vice president and general manager, Small …

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First Foundation Schedules Third Quarter 2020 Earnings Conference Call

IRVINE, Calif.–(BUSINESS WIRE)–First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it will discuss its financial results for the third quarter ending September 30, 2020 on Tuesday, October 27, 2020 at 11:00 AM ET / 8:00 AM PT. …

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