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Volume 29, Issue 4

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Jon Seals

The Business Continuity Institute - Dec 05, 2016 16:26 GMT

At the most recent meeting of the Business Continuity Institute's Board of Directors, James McAlister FBCI formally became the new Chairman of the BCI, taking over from David James-Brown FBCI whose two years in office has come to an end.

James is a former police officer with over 30 years of experience in business continuity, civil protection, emergency planning, security, firearms, public order and training. He has advised and contributed to many operations and exercises throughout the UK and internationally including political party conferences, major sporting events, VIP visits, counter terrorism operations, public order events and environmental / man-made emergencies. James has won a number of prestigious awards including the Public Sector Business Continuity Manager of the Year Award at the BCI European awards in 2014.

On taking up the post, James commented: "David James-Brown has left the Institute in a much better position than it has ever been in before. We are financially stable, have a wider global presence, offer more member services, and provide more research papers. Possibly his greatest legacy is yet to be realised in the Institute's new customer relationship management system which doesn't go live until next year. I would like to thank David on behalf of all the membership for his dedication, loyalty, hard work and leadership over the last two years and wish him well as he returns to his successful consultancy business."

As announced previously, Tim Janes Hon. FBCI now becomes the new Vice Chair of the BCI after being voted in by his fellow members of the Global Membership Council, and Roberto Grosso Ciponte MBCI becomes the new Membership Director, also voted in by those on the Global Membership Council.

To view the full Board of Directors at the BCI, click here.

RALEIGH, N.C.Survivors of the flooding that followed Hurricane Matthew should make or solidify a plan to move from temporary accommodations to more permanent housing as part of their recovery.

If you are living in a hotel paid by FEMA under the Transitional Sheltering Assistance program, remember this assistance is short-term. The program is scheduled to end Saturday, Jan. 7, 2017.

Two ways to search for housing online:

  • NCHousingHelps.org helps people displaced by Hurricane Matthew locate available, affordable rental housing. This free service can be accessed online 24 hours a day and through a toll-free, bilingual call center, Monday through Friday, 9 a.m. to 8 p.m., at 877-428-8844
  • The FEMA Housing Portal (https://asd.fema.gov/inter/hportal/home.htm) is intended to help individuals and families who have been displaced by a disaster find a place to live. The portal consolidates rental resources identified and provided by federal agencies, such as the U.S. Department of Housing and Urban Development, U.S. Department of Agriculture, U.S. Veterans Administration, private organizations, and the public to help individuals and families find available rental units in their area.

If you lived in public housing, or a multi-family Section 8 apartment, or had a Housing Choice Voucher before Hurricane Matthew:

  • You may be eligible for disaster assistance from U.S. Housing and Urban Development (HUD). Contact the housing provider that assisted you before the disaster and contact HUD at 336-851-8058 or email at hudhelpingu@hud.gov.

If you need homeowner information and assistance from HUD regarding foreclosure or questions about the next steps with your home:

  • Contact a HUD-approved housing counseling agency by calling 800-569-4287. You do not have to have a FHA loan to meet with a HUD-approved housing counseling agency, and there is never a fee for foreclosure prevention counseling.

The deadline for registering for FEMA’s Individual Assistance is Monday, Jan. 9, 2017. If you have not yet registered, you are urged to do so as soon as possible.

There are three ways to register with FEMA:

  • Online at DisasterAssistance.gov.
  • Call the FEMA Helpline at 800-621-3362 for voice, 711 and Video Relay Service. If you are deaf, hard of hearing or have a speech disability and use a TTY, call 800-462-7585.
  • Download the FEMA Mobile App and apply.

After you register with FEMA, the U.S. Small Business Administration may contact you. SBA is the primary source of funds for property repairs and replacing lost contents following a disaster. The deadline to apply for a low-interest disaster loan from SBA is also Monday, Jan. 9, 2017.

  • There is no requirement to take out a loan if one is offered from SBA. If you are approved for a disaster loan, you have 60 days to decide whether to accept the loan. If you are not approved for a loan you may be considered for certain other FEMA grants and programs that could include assistance for disaster-related car repairs, clothing, household items and other expenses.

Voluntary organizations in your community may be able to help you find a more permanent place to live. You may seek referrals for unmet needs by calling United Way at 211. You can find a list of organizations currently assisting survivors at North Carolina Voluntary Organizations Active in Disaster.

For more information on the North Carolina recovery, visit fema.gov/disaster/4285 and readync.org. Follow FEMA on Twitter at @femaregion4 and North Carolina Emergency Management @NCEmergency.

Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-3362 or TTY at 800-462-7585.

FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards. Follow FEMA on twitter at @femaregion4. Download the FEMA app with tools and tips to keep you safe before, during, and after disasters.

Dial 2-1-1 or 888-892-1162 to speak with a trained call specialist about questions you have regarding Hurricane Matthew; the service is free, confidential and available in any language. They can help direct you to resources. Call 5-1-1 or 877-511-4662 for the latest road conditions or check the ReadyNC mobile app, which also has real-time shelter and evacuation information. For updates on Hurricane Matthew impacts and relief efforts, go to ReadyNC.org or follow N.C. Emergency Management on Twitter and Facebook. People or organizations that want to help ensure North Carolina recovers can visit NCdisasterrelief.org or text NCRecovers to 30306.

The U.S. Small Business Administration (SBA) is the federal government’s primary source of money for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private non-profit organizations fund repairs or rebuilding efforts and cover the cost of replacing lost or disaster-damaged personal property. These disaster loans cover losses not fully compensated by insurance or other recoveries and do not duplicate benefits of other agencies or organizations. For more information, applicants may contact SBA’s Customer Service Center by calling (800) 659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA’s Web site at www.sba.gov/disaster. Deaf and hard-of-hearing individuals may call (800) 877-8339.

Accenture employees pledge more than 10,000 hours to participate in Hour of Code tutorials, teach computer programming to students, promote access to computer science education
 

NEW YORK – For the second straight year, Accenture (NYSE:ACN) is collaborating with Code.org to support Hour of Code, a global educational movement that reaches tens of millions of students through a one-hour introduction to computer science and computer programming.

“Every student in every school should have access to computer science in order to become literate citizens of today’s digital world and explore the possibilities of computer science careers”

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As part of Accenture’s commitment to inspire and expand the opportunities for students to learn coding and computer science skills, Accenture employees in more than 200 cities across 55 countries have pledged to complete more than 10,000 Hours of Code during Computer Science Education Week December 5-11. This includes more than 2,000 hours pledged by Accenture employees to lead local events or volunteer at schools in their communities by working with teachers and Code.org to help students learn the basics of coding through online tutorials that inspire students to continue learning.

“The need for more computer science graduates has never been greater. Last year, there were 500,000 new computing jobs available in the U.S. but only 40,000 qualified graduates to fill them. We all must do more to close the skills gap and prepare students to join the workforce of the future,” said Paul Daugherty, Accenture’s chief technology & innovation officer and ‘chief coder’. “In today’s digital world, exposing each and every student – particularly girls and minorities -- to coding is just as critical as teaching reading, writing and arithmetic. I am proud of the personal commitments Accenture employees are making to help introduce students to computer programming and the vast opportunities available to them in the computer science field.”

As part of the collaboration, Accenture leaders will join with employees to participate in Hour of Code activities around the world including:

  • Yves Bernaert, senior managing director, Accenture Technology, and Mathieu Morgensztern, managing director, Accenture Consulting, will host middle school students from the Collège Marcelin Bertholot in collaboration with Simplon, in Paris, France.
  • Jo Deblaere, chief operating officer, and Bart De Ridder, country managing director, will host an event in Belgium.
  • Ambe Tierro, senior managing director, Philippines, will host students at the Southridge School for Boys, as well as a special employee event for daughters of Accenture employees in Manila.
  • Rekha Menon, chairman and senior managing director, India, will host an event at the Colonel Hill School in Bangalore, India.
  • Jimmy Etheredge, senior managing director, US Southeast Region and Atlanta Office managing director, will teach at a Junior Achievement Magnet Business Academy in Atlanta.

“Every student in every school should have access to computer science in order to become literate citizens of today’s digital world and explore the possibilities of computer science careers,” said Hadi Partovi, co-founder and CEO of Code.org. “By engaging and mobilizing its global workforce to participate in Code.org events and in classrooms around the world, Accenture shares our vision and provides invaluable support in arming students with the skills they need to succeed in the future.”

To learn more or participate in Hour of Code visit https://www.accenture.com/HoC2016 or https://code.org/.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Code.org

Code.org is a 501c3 public non-profit dedicated to expanding access to computer science and increasing participation by women and underrepresented students of color. Its vision is that every student in every school should have the opportunity to learn computer science. After launching in 2013, Code.org organized the Hour of Code campaign – which has introduced over 100 million students to computer science to date – and partnered with 90 public school districts nationwide to expand computer science programs. Code.org is supported by philanthropic donations from corporations, foundations and generous individuals, including Ballmer Family Giving, Google, Infosys Foundation USA, Microsoft, Omidyar Network and others.

The multi award winning ORIIUM will offer through the distribution agreement CX:Protect powered by Commvault, an on-premise, hybrid and cloud data management system along with CX:inSync powered by Druva, a born in the cloud end point protection solution.

 

With this agreement, ORIIUM’s range of products and services through CMS Distribution will not only help resellers and their end customers easily prepare for the new GDPR directive, but will also provide Channel partners with access to technical pre-sales, recurring business opportunities and cost effective data management solutions.

 

ORIIUM MD Chris Kiaie said “I’m delighted we are partnering with CMS to distribute our CX:Protect and CX:inSync product set. With GDPR on the horizon, a growing mobile workforce and the need for organisations to control their ever growing corporate data, this is an ideal time for reseller partners to speak to us about our fantastic data management products and the recurring revenue opportunities they bring.”

 

Justin Griffiths, Group Director Software Solutions, CMS Distribution said “Our partnership with ORIIUM is further affirmation of intentions to support partners in the cloud and managed services space. Traditional resellers will be able to move into service provision without the initial investment in a technical team as they will be able to rely on ORIIUM for proven solutions and their pre-sales technical support.”

 

Justin added “This partnership arrives at a time when the GDPR directive is on every business leaders mind and ransomware attacks are a daily headline. ORIIUM are able to give our partners the tools to prepare and protect their customers, along with the opportunity to build recurring revenue streams.”

 

Partners are encouraged to get in touch with their account manager at CMS Distribution to discuss next steps to partnering with ORIIUM and the CX:Protect, CX:inSync solutions.

 

About CMS Distribution

Established in 1988, CMS Distribution is a leading specialist distributor supplying business and consumer technologies.

 

The company is strictly trade only, selling to B2B and B2C partners, servicing corporate resellers, managed service providers, high street and online retailers. These range from large multi-nationals to smaller, independent IT companies.

 

CMS Distribution helps IT vendors and channel partners grow their business, by taking emerging technologies to market whilst growing established brands using a range of value added services.

 

The company employs over 250 people across seven locations in the UK, Ireland, the Netherlands and Sweden.

For further information on CMS Distribution please visit http://www.cmsdistribution.com/

 

About ORIIUM

By way of their technical expertise, ORIIUM enables Partners to deliver market leading Infrastructure Solutions which support, optimise and protect their end-users critical applications and data across physical, hybrid and cloud environments. Founded by Managing Director Chris Kiaie (Young Director of the Year – Yorkshire Business Leaders) the company employs over 50 people nationwide and has enjoyed significant growth over the last 5 years winning a string of awards including Deloitte UK Tech Fast 50, EMEA 500 and Santander Breakthrough.

For further information on ORIIUM please visit http://www.oriium.co.uk/

RALEIGH, N.C. – North Carolina survivors who registered with FEMA for disaster assistance after Hurricane Matthew are encouraged to stay in touch with the agency to resolve issues, get updates on your application or provide additional information.

It is especially important for you to update FEMA with any insurance documentation information or settlements. FEMA disaster assistance covers only basic needs and cannot duplicate insurance payments.

You can also call the helpline to:

  • Receive information on the home inspection process

  • Add or remove a name of a person designated to speak for you

  • Find out if FEMA needs more information about your claim

  • Update FEMA on your housing situation

  • Get answers to other questions about your application

To update your status call the FEMA Helpline at 800-621-3362 for voice, 711 and Video Relay Service. If you are deaf, hard of hearing or have a speech disability and use a TTY, call 800-462-7585.

If you are changing addresses, phone numbers or banking information you should notify FEMA. Incomplete or incorrect information could result in delays in receiving assistance.

When calling the helpline you should refer to the nine-digit number you were issued at registration.  This number is on all correspondence you receive from FEMA and is a key identifier in tracking assistance requests.

For more information on the North Carolina recovery, visit fema.gov/disaster/4285 and readync.org. Follow FEMA on Twitter at @femaregion4 and North Carolina Emergency Management @NCEmergency.

###

Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-3362 or TTY at 800-462-7585.

FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards. Follow FEMA on twitter at @femaregion4. Download the FEMA app with tools and tips to keep you safe before, during, and after disasters.

Dial 2-1-1 or 888-892-1162 to speak with a trained call specialist about questions you have regarding Hurricane Matthew; the service is free, confidential and available in any language. They can help direct you to resources. Call 5-1-1 or 877-511-4662 for the latest road conditions or check the ReadyNC mobile app, which also has real-time shelter and evacuation information. For updates on Hurricane Matthew impacts and relief efforts, go to ReadyNC.org or follow N.C. Emergency Management on Twitter and Facebook. People or organizations that want to help ensure North Carolina recovers can visit NCdisasterrelief.org or text NCRecovers to 30306.

The U.S. Small Business Administration (SBA) is the federal government’s primary source of money for the long-term rebuilding of disaster-damaged private property. SBA helps homeowners, renters, businesses of all sizes, and private non-profit organizations fund repairs or rebuilding efforts and cover the cost of replacing lost or disaster-damaged personal property. These disaster loans cover losses not fully compensated by insurance or other recoveries and do not duplicate benefits of other agencies or organizations. For more information, applicants may contact SBA’s Customer Service Center by calling 800-659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA’s Web site at www.sba.gov/disaster. Deaf and hard-of-hearing individuals may call 800-877-8339.

MCLEAN, Va.--()--Booz Allen Hamilton Holding Corporation (“Booz Allen”)(NYSE: BAH), the parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., today announced the pricing of the previously announced sale of an aggregate of 16,660,000 shares of Class A common stock (“common stock”) on an underwritten basis by an affiliate of The Carlyle Group (“Carlyle”) to Barclays Capital Inc., as the underwriter in a registered offering of these shares (the “offering”), at a price to the public of $36.75 per share.

Upon completion of the offering, Carlyle will not beneficially own any shares of common stock of Booz Allen. The offering is expected to close and settle on December 6, 2016. Booz Allen is not selling any shares of common stock in the offering and will not receive any of the proceeds.

A shelf registration statement (including a prospectus) relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. Before investing, interested parties should read the prospectus and other documents filed with the Securities and Exchange Commission for information about Booz Allen and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, a copy of the prospectus may be obtained from the underwriter at: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1 (888) 603-5847, Email: barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

About Booz Allen Hamilton

Booz Allen Hamilton (NYSE: BAH) has been at the forefront of strategy and technology for more than 100 years. Today, the firm provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. Booz Allen partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise.

With international headquarters in McLean, Virginia, the firm employs approximately 22,800 people globally, and had revenue of $5.41 billion for the 12 months ended March 31, 2016.

Forward Looking Statements

This press release contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify forward-looking statements by terminology such as “guidance,” “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. These statements give Booz Allen’s current expectation of future events or its future performance and do not relate directly to historical or current events. A number of factors could cause Booz Allen’s future actions and related results to vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this press release, possibly to a material degree. In particular, there can be no assurances that the offering by Carlyle will be consummated. Some of these factors include, but are not limited to, the risk factors set forth in Booz Allen’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on May 19, 2016. All forward-looking statements included in this press release speak only as of the date made, and, except as required by law, Booz Allen undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.

Acquisition to Provide Cloud-Enabled, End-to-End Automation and Orchestration Platform for Applications and Business Processes
 

NEW YORK--()--CA Technologies (NASDAQ:CA) today announced it has signed a definitive agreement to acquire Automic Holding GmbH, a leader in business automation software that drives competitive advantage by automating IT and business processes. The transaction, valued at approximately 600 million euros, net of cash and cash equivalents acquired, has been unanimously approved by both Boards of Directors, and is expected to close in the fourth quarter of CA’s fiscal 2017. Headquartered in Vienna, Austria, Automic has approximately 600 employees across Europe, North America and Asia.

“Enterprise customers are engaging with vendors to support their digital transformation initiatives to increase velocity, reliability and scalability among their businesses processes”

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With Automic, CA will add new cloud-enabled automation and orchestration capabilities across the portfolio and increase its reach into the European market. Automic’s European presence coupled with CA’s worldwide expertise and broad portfolio, offers customers a global solution that complements their existing technology investments to address the challenges of automation across the enterprise.

CA will add Automic’s automation and orchestration capabilities to its portfolio to give customers options that address their IT operations and DevOps needs on-premise, in the cloud and hybrid cloud environments. With real-time analytics incorporated into the end-to-end platform approach, customers will benefit from increased business agility with solutions that move from IT-centric task automation to business-centric intelligent automation and orchestration.

“Global businesses need the flexibility and agility to move workloads to the most appropriate locations across heterogeneous hybrid cloud environments, with continuous availability, to stay ahead of their competition,” said Ayman Sayed, president and chief product officer, CA Technologies. “With the acquisition of Automic, we will deliver automation, scale work flows and business processes while reducing costs and greatly improving accuracy. This level of intelligent automation will give our customers the insights to achieve more agility and realize business value. We are pleased to welcome Automic, which is profitable and growing at a healthy clip, into CA. Strategically, it accelerates our position with its cloud enabled platform. Operationally, it expands our reach across Europe. And, financially, it meets our rigorous hurdle rates while providing the highest likely return on offshore cash.”

Automic’s automation technology underpins digital transformation by helping enterprises move from siloed automation to intelligent and orchestrated automation with real-time analytics.

“Enterprise customers are engaging with vendors to support their digital transformation initiatives to increase velocity, reliability and scalability among their businesses processes,” said Todd DeLaughter, Chief Executive Officer, Automic. “Together with CA Technologies, we will help organizations further propel their intelligent automation capabilities to the next level, driving the agility and speed demanded in this era of Digital Transformation.”

Founded in 1985, Automic has offices in Vienna, Paris, Asia Pacific Japan (APJ), and Bellevue, Washington and serves a wide range of customers in the energy, financial services, healthcare, manufacturing, retail and telecommunications sectors.

Foros acted as financial advisor to CA Technologies on this acquisition.

Updated Guidance

Assuming the transaction closes in early January, CA’s preliminary expectation compared with its previous fiscal year 2017 guidance, is that the acquisition will:

  • Add one-half percentage point of revenue, both as reported and in constant currency
  • Adversely affect GAAP and non-GAAP total company operating margin by 1 percentage point and will primarily impact the Enterprise Solutions segment
  • Be modestly dilutive to cash flow from operations and GAAP and non-GAAP diluted earnings per share, both as reported and in constant currency

Please see below for information regarding non-GAAP financial measures, the cautionary statement regarding forward-looking statements, and the reconciliation of projected GAAP metrics to projected non-GAAP metrics.

About CA Technologies

CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.

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Legal Notices

Copyright © 2016 CA, Inc. All Rights Reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Non-GAAP Financial Measures

This news release includes certain financial measures that exclude the impact of certain items and, therefore, have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP). Non-GAAP metrics for operating margin and diluted earnings per share exclude the following items: non-cash amortization of purchased software, internally developed software and other intangible assets; share-based compensation expense; charges relating to rebalancing initiatives that are large enough to require approval from CA’s (hereinafter, the “Company”) Board of Directors and certain other gains and losses, which include the gains and losses since inception of hedges that mature within the quarter, but exclude gains and losses of hedges that do not mature within the quarter. The Company presents constant currency information to provide a framework for assessing how the Company's underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than U.S. dollars are converted into U.S. dollars at the exchange rate in effect on the last day of the Company's prior fiscal year (i.e., March 31, 2016). Constant currency excludes the impacts from the Company's hedging program. These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. By excluding these items, non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results and cash flows, to competitors' operating results and cash flows, and to estimates made by securities analysts. Management uses these non-GAAP financial measures internally to evaluate its performance and they are key variables in determining management incentive compensation. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, the Company has historically reported similar non-GAAP financial measures to its investors and believes that the inclusion of comparative numbers provides consistency in its financial reporting. Investors are encouraged to review the reconciliation of the non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.

Cautionary Statement Regarding Forward-Looking Statements

The declaration and payment of future dividends by the Company is subject to the determination of the Company’s Board of Directors, in its sole discretion, after considering various factors, including the Company’s financial condition, historical and forecasted operating results, and available cash flow, as well as any applicable laws and contractual covenants and any other relevant factors. The Company’s practice regarding payment of dividends may be modified at any time and from time to time.

Repurchases under the Company’s stock repurchase program may be made from time to time, subject to market conditions and other factors, in the open market, through solicited or unsolicited privately negotiated transactions or otherwise. The program does not obligate the Company to acquire any particular amount of common stock, and it may be modified or suspended at any time at the Company’s discretion.

Certain statements in this news release (such as statements containing the words "believes," "plans," "anticipates," "expects," "estimates," "targets" and similar expressions relating to the future) constitute "forward-looking statements" that are based upon the beliefs of, and assumptions made by, the Company's management, as well as information currently available to management. These forward-looking statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to consummate the Automic acquisition; the risk that the conditions to the closing of the Automic acquisition are not satisfied; potential adverse reactions or changes to customer, supplier, partner or employee relationships, including those resulting from the announcement or completion of the Automic acquisition; uncertainties as to the timing of the Automic acquisition; uncertainty of the expected financial performance of the Company following completion of the proposed Automic acquisition; the ability to successfully integrate Automic’s operations and employees in a timely manner; the ability to realize anticipated synergies, cost savings and operational efficiencies from the Automic acquisition; the ability to achieve success in the Company’s business strategy by, among other things, ensuring that any new offerings address the needs of a rapidly changing market while not adversely affecting the demand for the Company’s traditional products or the Company’s profitability to an extent greater than anticipated, enabling the Company’s sales force to accelerate growth of sales to new customers and expand sales with existing customers, including sales outside of the Company’s renewal cycle and to a broadening set of purchasers outside of traditional information technology operations (with such growth and expansion at levels sufficient to offset any decline in revenue and/or sales in the Company’s Mainframe Solutions segment and in certain mature product lines in the Company’s Enterprise Solutions segment), effectively managing the strategic shift in the Company’s business model to develop more easily installed software, provide additional SaaS offerings and refocus the Company’s professional services and education engagements on those engagements that are connected to new product sales, without affecting the Company’s financial performance to an extent greater than anticipated, and effectively managing the Company’s pricing and other go-to-market strategies, as well as improving the Company’s brand, technology and innovation awareness in the marketplace; the failure to innovate or adapt to technological changes and introduce new software products and services in a timely manner; competition in product and service offerings and pricing; the ability of the Company’s products to remain compatible with ever-changing operating environments, platforms or third party products; global economic factors or political events beyond the Company’s control and other business and legal risks associated with non-U.S. operations; the failure to expand partner programs and sales of the Company’s solutions by the Company’s partners; the ability to retain and attract qualified professionals; general economic conditions and credit constraints, or unfavorable economic conditions in a particular region, business or industry sector; the ability to successfully integrate acquired companies and products into the Company’s existing business; risks associated with sales to government customers; breaches of the Company’s data center, network, as well as the Company’s software products, and the IT environments of the Company’s vendors and customers; the ability to adequately manage, evolve and protect the Company’s information systems, infrastructure and processes; the failure to renew license transactions on a satisfactory basis; fluctuations in foreign exchange rates; discovery of errors or omissions in the Company’s software products or documentation and potential product liability claims; the failure to protect the Company’s intellectual property rights and source code; access to software licensed from third parties; risks associated with the use of software from open source code sources; third-party claims of intellectual property infringement or royalty payments; fluctuations in the number, terms and duration of the Company’s license agreements, as well as the timing of orders from customers and channel partners; events or circumstances that would require the Company to record an impairment charge relating to the Company’s goodwill or capitalized software and other intangible assets balances; potential tax liabilities; changes in market conditions or the Company’s credit ratings; changes in generally accepted accounting principles; the failure to effectively execute the Company’s workforce reductions, workforce rebalancing and facilities consolidations; successful and secure outsourcing of various functions to third parties; and other factors described more fully in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should the Company’s assumptions prove incorrect, actual results may vary materially from the forward-looking information described herein as believed, planned, anticipated, expected, estimated, targeted or similarly identified. The Company does not intend to update these forward-looking statements, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.


CA Technologies
Reconciliation of Projected GAAP Operating Margin to Projected Non-GAAP Operating Margin

       
      Fiscal Year Ending

Projected Operating Margin

   

March 31, 2017

       
Projected GAAP operating margin     28%
       
Non-GAAP operating adjustments:      
Purchased software amortization     4%
Other intangibles amortization     0%
Internally developed software products amortization     2%
Share-based compensation     3%
Total non-GAAP operating adjustment     9%
       
Projected non-GAAP operating margin    

37%

       
Transaction closing marks another milestone in the strategic portfolio repositioning process
 

ST. LOUIS--()--Emerson (NYSE: EMR) today announced that it has completed the sale of its Network Power business to Platinum Equity and a group of co-investors. Emerson received proceeds of $4 billion and retained a subordinated interest in the business.

“We appreciate Emerson’s trust and confidence in our ability to execute”

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“The completion of this transaction is an important step in our strategic portfolio repositioning as we work to streamline the company and create opportunities for long-term growth and drive value for shareholders,” said David N. Farr, Chairman and Chief Executive Officer of Emerson. “With Network Power under the Platinum Equity umbrella, it is well positioned to achieve its long-term goals and succeed in the future.”

Platinum Equity Chairman and CEO Tom Gores said he is proud of his firm’s strong relationship with Emerson and the commitment on both sides to finding a solution that is good for Network Power going forward.

“We appreciate Emerson’s trust and confidence in our ability to execute,” said Mr. Gores. “This investment will be a cornerstone in our portfolio and is a great fit for Platinum that plays right to our strengths. We will deploy our full range of global operational skills, financial resources and M&A capabilities to support the company's growth and innovation."

Network Power is rebranding as Vertiv and will operate as a stand-alone global enterprise in Platinum Equity’s portfolio. Headquartered in Columbus, Ohio, the company is a leading provider of thermal management, A/C and D/C power, transfer switches, services and information management systems for the data center and telecommunications industries. Emerson recently reported that the Network Power business had sales of approximately $4.4 billion in fiscal 2016.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the Company’s ability to successfully complete on the terms and conditions contemplated, and the financial impact of, its strategic portfolio repositioning actions, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in Emerson’s most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

MCLEAN, Virginia--()--Booz Allen Hamilton Holding Corporation (“Booz Allen”)(NYSE:BAH), the parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., today announced the sale of an aggregate of 16,660,000 shares of Class A common stock (“common stock”) on an underwritten basis by an affiliate of The Carlyle Group (“Carlyle”) to Barclays Capital Inc., as the underwriter in a registered offering of these shares (the “offering”).

The last reported sale price of Booz Allen’s common stock on November 30, 2016 was $37.81 per share. Barclays Capital Inc. intends to offer the shares of common stockto the public at a fixed price, which may be changed at any time without notice.

Upon completion of the offering, Carlyle will not beneficially own any shares of common stock of Booz Allen. The offering is expected to close and settle on December 6, 2016. Booz Allen is not selling any shares of common stock in the offering and will not receive any of the proceeds.

A shelf registration statement (including a prospectus) relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. Before investing, interested parties should read the prospectus and other documents filed with the Securities and Exchange Commission for information about Booz Allen and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, a copy of the prospectus may be obtained from the underwriter at: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1 (888) 603-5847, Email: barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

About Booz Allen Hamilton

Booz Allen Hamilton (NYSE: BAH) has been at the forefront of strategy and technology for more than 100 years. Today, the firm provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. Booz Allen partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise.

With international headquarters in McLean, Virginia, the firm employs approximately 22,800 people globally, and had revenue of $5.41 billion for the 12 months ended March 31, 2016.

Forward Looking Statements

This press release contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify forward-looking statements by terminology such as “guidance,” “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. These statements give Booz Allen’s current expectation of future events or its future performance and do not relate directly to historical or current events. A number of factors could cause Booz Allen’s future actions and related results to vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this press release, possibly to a material degree. In particular, there can be no assurances that the offering by Carlyle will be consummated. Some of these factors include, but are not limited to, the risk factors set forth in Booz Allen’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on May 19, 2016. All forward-looking statements included in this press release speak only as of the date made, and, except as required by law, Booz Allen undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.

Digi TransPort® LR54 Designed from the Ground Up to Master the Advantages of LTE-A Networks

MINNETONKA, Minn. – Digi International®, (NASDAQ: DGII, www.digi.com), a leading global provider of machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services, today introduced the Digi TransPort® LR54, the company's fastest, low cost LTE-Advanced router for managed network services, digital content delivery, self-service kiosks, and managed retail networking.

The Digi TransPort LR54 is the new, high performance LTE-Advanced networking platform that provides fast, affordable and reliable Wi-Fi and high-speed cellular LTE in a form factor capable of performing in extended operating temperature ranges. Featuring a software-defined LTE radio, the Digi TransPort LR54 supports carriers across North America and most European countries and is pre-certified for both the Verizon and AT&T networks.

Digi TransPort LR54 is designed from the ground up to provide high-performance processing and memory horsepower to take full advantage of the LTE-A/Cat 6 cellular technology which offers faster speeds, increased capacity and additional bands. In delivering a high-speed, reasonably priced LTE device with low total-cost-of-ownership (TCO), the LR54 is ideally suited for professional network engineers seeking solutions for environments that require uncommon speed and connection integrity.

"As an industry leading solution, the Digi TransPort LR54 was custom designed to take full advantage of LTE-A protocols and networks," said Joel Young, chief technology officer at Digi International. "There is no other offering in the market that offers this level of speed and security, at this value, that can be deployed this widely."

Key attributes that distinguish the Digi TransPort LR54 include:

  • Maximum speed: The LR54 was designed for high-speed, low-latency Cat 6 LTE-Advanced speeds (300Mbps), twice the typical speed of current LTE.
  • Powerful and reliable Wi-Fi: Features the latest in Wi-Fi performance with dual 2.4 and 5GHz radios, with 802.11ac, limiting the need for intermediate Wi-Fi bridges.
  • Global LTE network support: Offers software selectable 3G/4G LTE to choose the best network or carrier option.
  • Continued connectivity: Features the patented SureLink™ connection persistency software that proactively monitors and self-repairs network connections.
  • Enterprise security: Offers PCI-certified Digi Remote Manager®, IPsec VPN firewall, and 256-bit AES encryption as well as the new Digi TrustFence™ Device Security Framework, offering the critical features that protect connected devices and applications now and in the future.
  • Sturdy hardware: The LR54 is an industrial grade "beast," temperature hardened to operate between -20° – 70° C.
  • Remote device management: With Digi Remote Manager, administrators have a tool for centralized device configuration and a dashboard for troubleshooting remote devices to analyze network performance and connectivity points.

The Digi TransPort LR54 is available at an MSRP of $649 to $699 with a three-year warranty included. For more information, visit https://www.digi.com/transportlr54.

About Digi International
Digi International (NASDAQ: DGII) is a leading global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Founded in 1985, we've helped our customers connect over 100 million things, and growing. For more information, visit Digi's website at www.digi.com, or call 877-912-3444 (U.S.) or 952-912-3444 (International).

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