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European Unitranche Financing Provided through ESSLP Joint Venture

London - Friday, December 5th 2014 [ME NewsWire]

(BUSINESS WIRE) - Ares Management (NYSE: ARES) and GE Capital announced today that the European Senior Secured Loan Programme (ESSLP), a €1.75 billion joint venture between affiliates of the two firms, has provided a £187M financing package to fund the acquisition of Open GI, a UK-based software company, by Montagu Private Equity. The acquisition was primarily funded via the ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. Additional second lien and working capital facilities were provided by Ares and GE, respectively.

This is the second ESSLP financing provided to Montagu this year. In March, the programme provided €110 million in unitranche financing, which enabled them to acquire Netherlands-based DORC Holding BV, a leading provider of innovative instruments and equipment for oph ... Read more »

$70 Million USD (RMB430 Million) Project Becomes Heinz’s Flagship Infant Cereal Plant in Asia and the Company’s Largest Infant Cereal Factory in the World

GUANGDONG PROVINCE, China - Wednesday, December 3rd 2014 [ME NewsWire]

(BUSINESS WIRE) -- H.J. Heinz Company CEO Bernardo Hees joined Chinese Government Officials today to celebrate the opening of the Company’s largest infant cereal production plant in the world. The 80,000 square meter state-of-the-art factory, located in Foshan City, Guangdong Province, ushers in a new chapter for Heinz’s growth in China, a longstanding strategic location for the Company. The grand opening and commencement of production at the factory today coincides with the 30th anniversary of Heinz’s presence in China, where the Company operates six other facilities. The factory will create 200 new jobs for the Foshan region and position Heinz to significantly increase production in the country.

“Sin ... Read more »

ABU DHABI, United Arab Emirates - Monday, December 1st 2014 [ME NewsWire]

As part of the Abu Dhabi Police GHQ’s celebrations of the 43rd National Day, the Police Schools Department; the Residency and Foreigners Affairs Departments in Abu Dhabi and Al Ain; the Al Ain Medical Services Section at the Medical Services Department; and the Tourism Police Section at the Abu Dhabi Police, expressed their pride of the achievements of the federal journey. The celebrations recalled the ambience of the past and reflected the glory of the present and the future.

Colonel Waleed Al Shamesi, Head of Police Schools Department, said: “The Second of December is a precious memory that reflects the will of our founding fathers and demonstrates the achievements of our wise leadership that holds the spirit of persistence and enjoys an insightful vision, making the United Arab Emirates one of the most advanced countries in the world, in terms of security and safety.”

Next-Generation Design and Technology: The x1000 is the First Stationary Gantry, TSA Certified Computed Tomography Explosives Detection System (CT EDS)

ENDICOTT, N.Y - Wednesday, December 3rd 2014 [ME NewsWire]

(BUSINESS WIRE) -- SureScan™ Corporation, an emerging leader bringing advanced technology and manufacturing to the homeland security marketplace, today announced that its x1000 CT EDS has been certified by the U.S. Transportation Security Administration (TSA). The SureScan x1000 is the first TSA certified multi-energy stationary gantry CT EDS for checked baggage screening, representing a next generation solution of CT EDS design and detection technology.

Through the application of advanced engineering and technology, the x1000 can adapt to current needs and emerging threats throughout its lifecycle.

“We have engineered a system that is future proof,” said LeeAnn Levesque, President and CEO of SureScan. “The x1000 satisfi ... Read more »

--To establish a new company to provide one-stop solutions--

Tokyo - Friday, December 5th 2014 [ME NewsWire]

(BUSINESS WIRE) - Toshiba Corporation (TOKYO: 6502) today announced that it will reinforce its power systems business in North America by merging three current businesses into a new company: the thermal and hydro power business operated by Toshiba International Corporation (TIC); the steam turbine and generator (STG) business for nuclear power systems operated by Toshiba America Nuclear Energy Corporation (TANE); and the STG business for nuclear power systems operated by Westinghouse Electric Company LLC (WEC), the U.S.-based group company of Toshiba Corporation that is the world’s leading commercial nuclear energy company. The new company, Toshiba America Energy Systems Corporation (TAES), will start operation on April 1, 2015. For nuclear energy applications, TAES will work closely with WEC.

TAES will provide customers with one-stop solutions b ... Read more »

Oliver Wyman research quantifies gaps, reiterates gender diversity as business imperative, and outlines approach for faster action

London - Friday, December 5th 2014 [ME NewsWire]

(BUSINESS WIRE) - What stops women from getting to the top in financial services firms? Global management consulting firm Oliver Wyman looked at the 150 largest financial services companies and interviewed over 60 senior women (and some men) from across the sector and surveyed over 1,000 current and potential financial services employees internationally during the third quarter of 2014. The answers in their Women in Financial Services report are surprising.

There has been progress in the boardroom:

    Female representation at board level has increased by two thirds over the last 10 years
    20% of board members are now women

But there’s a long way to go in the executive leadership ranks:

    Over one ... Read more »

BONN, Germany & MOSCOW - Thursday, December 4th 2014 [ME NewsWire]
(BUSINESS WIRE) - Deutsche Telekom unit International Carrier Sales & Solutions (ICSS) has signed an agreement with the VimpelCom Group to provide it and its affiliates with high-quality signaling services using an advanced modular system. ICSS won the deal with the VimpelCom Group following a competitive bid process.
While the general signaling agreement fixes the commercial details of the deal, VimpelCom’s 14 operating companies will enjoy the flexibility of a tailored service set. The companies are present in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, and Zimbabwe. They will choose from a “menu” of signaling products and features according to their local needs. This novel toolkit approach benefits ICSS’s clients, since it ensures outstanding service efficiency and allows a prompter beginn ... Read more »

ME NewsWire/Business Wire

SHENZHEN, China - Thursday, December 4th 2014

ZTE Corporation today announced that the Patent Re-examination Board of the State Intellectual Property Office of the People’s Republic of China has invalidated the 200680036107.5 patent asserted by Vringo Inc. and its subsidiaries, after the reexamination board accepted ZTE’s arguments that the requisite requirements for technology inventiveness were not satisfied by the rights holder.

The 200680036107.5 patent, related to a method of wireless communications, was deemed completely invalid, according to the Patent Re-examination Board’s ruling that was received by ZTE today.

In September, the Patent Re-examination Board invalidated the CN00812876.6 patent asserted by Vringo, after ruling that it lacked an inventive element. The reexamination board is reviewing applications by ZTE to invalidate more than 20 other patents claimed by Vringo.

ZTE is committed ... Read more »

AFS’ CPG Customers Gain Full Support in Asia Pacific

PHOENIX - Thursday, December 4th 2014 [ME NewsWire]

(BUSINESS WIRE) -- Today, AFS Technologies Inc. announced it has completed the acquisition of The POP Company (TPC), the premier provider of cloud-based sales force automation and retail execution solutions with customers in Asia, Australia , New Zealand and Russia.

“This acquisition of TPC and its impressive roster of CPG clients represents a strategic expansion for AFS Technologies in Asia,” said Kurien Jacob, CEO of AFS Technologies. He added, “It will provide additional functionality to AFS Mobile Solutions, rated as one of the best in the world today. TPC offers a premier route optimization solution in the market today, which will be added to AFS capabilities.”

TPC provides AFS with a cost-effective Asian operating center located in Singapore and Shanghai, China. Maarten Buitelaar and Yüan Li Chen, current owners ... Read more »

After Defeating the “Police Operations” with Five Goals to One
ABU DHABI, United Arab Emirates - Monday, December 1st 2014 [ME NewsWire]

The Capital Police Directorate team won the third Seven-a-side Football Championship for the 2014-2015 season of the Capital Police Director’s Cup, by defeating the Directorate General of Police Operations team 5 – 1, in the match that was held Sunday evening at Zayed Sports City Stadium.

Capital Police Directorate’s player, Yousef Akyudh, was awarded the title of Top Scorer for scoring 12 goals;  Nasser Al Habsi, of Capital Police Directorate’ team was awarded the title of Best Goal Keeper; Al Khalidiya Police Station team won the Ideal Team award; and Captain Hamed Al Dir’e won the Ideal Administrator title.

The final match, which coincided with the celebrations of the 43rd national day of the UAE, was attended by Colonel Rashid Mubarak Al Mesmari, Deputy Director of the ... Read more »

 Abu Dhabi, United Arab Emirates - Monday, December 1st 2014 [ME NewsWire]

In celebration of the UAE 43rd National Day, leaders from the Ministry of Interior extended the warmest congratulations and best wishes to His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE vice President, Prime Minister and Ruler of Dubai; their Highnesses the Supreme Council Members and Rulers of the Emirates; General HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; Crown Princes; Deputy Rulers; Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; the people of the UAE and its honored guests. They also reiterated their covenant and loyalty to the higher leadership in its quest to maintain the precious national gains and ensure that the UAE remains an oasis of security and safety.

Al Sha’far: A ... Read more »

MILLIS, Mass - Wednesday, December 3rd 2014 [ME NewsWire]
(BUSINESS WIRE) -- Kanguru is pleased to announce its achievement of Common Criteria Certification (EAL2+) for secure, hardware encrypted USB flash drives with global remote management, placing Kanguru Defender® at the forefront in USB data security.
 “Achieving Common Criteria together with our FIPS 140-2 Certifications propels Kanguru’s secure USB solutions to a whole new level,” says Kanguru’s CEO, Don Brown, “It demonstrates Kanguru’s commitment to excellence and its pledge to deliver the best in trusted USB data security solutions for our global clients.”
Common Criteria is an international information security accreditation process mutually recognized by 27 different member nations through the CCRA (Common Criteria Recognition Agreement), and has a much wider review process of overall product design, lifecycle support, and functionality than FIPS 140-2 ... Read more »

RESEARCH TRIANGLE PARK, N.C - Friday, December 5th 2014 [ME NewsWire]

(BUSINESS WIRE)-- Quintiles today announced that the company was awarded “Best Contract Research Organization” at the annual SCRIP Awards for the third year in-a-row. This is the company’s fourth award received in this category in the last five years. The SCRIP Awards acknowledge excellence in the biopharmaceutical industry, based on judging by an independent panel of 12 life sciences experts.

“Our judges felt Quintiles was a worthy winner of the Best Contract Research Organization trophy for the third year in a row,” said Mike Ward, global director of content for IBI Pharma News & Datamonitor Healthcare. “In the qualifying year, Quintiles once again demonstrated a series of performance milestones in its quest to improve its customers' probability of success. Among its many accomplishments, Quintiles signed a series of transformational partnerships and la ... Read more »