Daily Archives: January 4, 2018

Colliers International Acquires Leading Real Estate Management Services Firm in the Nordics

Addition of market leader Ovenia Group further strengthens Colliers’ property and asset management platform in EMEA

TORONTO, Jan. 04, 2018 (GLOBE NEWSWIRE) — Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI), a global leader in commercial real estate services, today announced the acquisition of Ovenia Group (“Ovenia” or the “Company”), Finland’s leading real estate management and service company. For the last twelve months, the Company generated revenues of over US$50 million. Financial details of the transaction were undisclosed. Ovenia will immediately rebrand as Colliers International throughout Finland.

Founded in 1980 and headquartered in Helsinki with operations throughout Finland, Ovenia employs over 500 skilled professionals and has a highly experienced management team lead by CEO Sirpa Ojala. The Company provides commercial real estate management services for office, industrial and retail properties; retail and shopping center development & consultancy; and residential management including multifamily residential rentals and direct to consumer management services.

“This acquisition represents an important milestone in our Nordic and pan European growth strategy,” said Chris McLernon, Colliers International Chief Executive Officer, EMEA. “Our clients have been asking us to strengthen our presence in the Nordics for some time and with this investment, we enter the market as the undisputed leader. Our new business in Finland also enhances our existing property and asset management platform throughout the Nordics and wider EMEA region.”

“With a shared culture of service excellence together with the best professionals in the property management industry, we have created an industry leader in our country,” said Sirpa Ojala, now CEO of Colliers International | Finland. “We currently manage a property portfolio of more than ten million square meters and offer a wide range of best-in-class property management and advisory services to blue-chip clients. Our entire leadership team is excited to be joining Colliers International and to take advantage of their additional resources, unique entrepreneurial culture and ability to serve clients both locally and globally.”

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

COMPANY CONTACT:

John B. Friedrichsen
Chief Financial Officer | Global
(416) 960-9500

Chris McLernon
Chief Executive Officer, EMEA
(44) 20 7487 7000

A man on a mission to transform generic pharmaceuticals: Alvogen CEO and founder, Robert Wessman, discusses the company’s growth

LONDON, Jan. 04, 2018 (GLOBE NEWSWIRE) — The pharmaceuticals industry is going through one of its most exciting periods yet. Generic pharmaceuticals have taken off, leading to much more innovation in the market and a wave of consolidation across the US.

Keeping on top of all these changes is Robert Wessman, CEO and founder of pharmaceuticals organisation Alvogen. His knack for spotting industry developments has seen the company soar to great heights and become a pharmaceutical leader.

Wessman recently spoke to World Finance magazine, in a three-part video series, to share his knowledge – and predictions – for the pharmaceutical market.

Though only created in 2009, Alvogen has grown substantially over the years. Wessman discusses its inception in the video series; astonishingly, the vision for Alvogen was initially sketched out on a napkin. Wessman had met investors in a New York restaurant and it was the easiest way to communicate his pharmaceutical vision. They were sold.

Today, Alvogen’s ability to thrive in one of the world’s most competitive sectors is underpinned by its fast responses to industry movements and strong team.

Later on in the video series, Wessman gives his top tips for leadership, explaining what traits are needed in order to make a business work. He also explains why it’s so important to know what you’re looking for in recruitment – so as to build the perfect team.

For some of the best insights in the generics pharmaceutical industry, go to World Finance online – where the three-part video series is available:

https://www.worldfinance.com/videos/alvogen-founder-generic-drug-price-wars-will-drive-consolidation
https://www.worldfinance.com/videos/i-took-my-napkin-and-off-we-went-robert-wessmans-billion-dollar-vision
https://www.worldfinance.com/videos/robert-wessman-a-leader-must-be-able-to-act-when-most-others-dont

World News Media is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.

CONTACT INFORMATION
World News Media
Elizabeth Matsangou
Editorial Department
+44 (0)20 7553 4162
elizabeth.matsangou@wnmedia.com

Compuware and SonarSource Unify Multi-Platform DevOps with Integrated COBOL Code Coverage Metrics

Mainframe-inclusive Continuous Code Quality Accelerates Digital Agility While De-Risking Generational Shift in Platform Stewardship

  • To be digitally agile, enterprises must more quickly and frequently update their core mainframe systems—while also shifting stewardship of those applications from retiring COBOL veterans to IT staff with mainstream skills.
  • Compuware has teamed with SonarSource to integrate accurate COBOL test coverage reporting into the automated QA processes they already use to support DevOps and Continuous Delivery.
  • This new integration empowers large enterprises to dramatically accelerate mainframe application quality and throughput without incurring additional risk—even as they “mainstream” stewardship of those systems.

DETROIT, Jan. 04, 2018 (GLOBE NEWSWIRE) — Compuware and SonarSource today released new integrations that empower enterprise DevOps teams to accurately track and validate code coverage of COBOL application testing—with the same ease and employing the same processes—as they do with Java and other more mainstream code.

This ability to automate code coverage tracking across platforms is yet another example of how Compuware is empowering enterprise IT to apply the same proven and essential Agile, DevOps and Continuous Integration/Continuous Delivery (CI/CD) disciplines to both core systems of record and systems of engagement.

Code coverage metrics provide insight into the degree to which source code is executed during a test—that is, which lines of code have or have not been executed, and what percentage of an application has or has not been tested. These measurements allow IT teams to understand the scope and effectiveness of their testing as code is promoted towards production.

The new integrations automatically feed code coverage results captured by Compuware Topaz for Total Test into SonarSource SonarQube—a popular continuous code quality solution used by more than 900 digitally innovative enterprises—giving DevOps teams an accurate, unified view of quality metrics and milestones across platforms.

Continuous code quality management across platforms is of extraordinary value to large enterprises—since their ability to bring new digital deliverables to market is often contingent on simultaneously updating code across both back-end mainframe systems of record and front-end mobile/web systems of engagement.

More specifically, integration between Topaz for Total Test and SonarQube now enables DevOps teams to:

  • Gain insight into the coverage of code being promoted for all application components across all platforms
  • Improve the rigor of digital governance with strong enforcement of mainframe QA policies for coding errors, data leakage, credential vulnerabilities and more
  • Shorten feedback loops to speed time-to-benefit and more promptly address shortfalls in COBOL skills and bottlenecks in mainframe DevOps processes

Topaz for Total Test captures code coverage metrics directly from the source code itself, rather than from a “source listing,” as is the case with many outdated mainframe tools. This direct capture is more accurate and eliminates the need for development and test staff to understand the idiosyncrasies of how source listing models map to actual source code.

“Code coverage is such an integral part of continuous code quality that today’s DevOps practitioners almost take it for granted,” said Jason Bloomberg, President of agile digital transformation analyst firm Intellyx. “On the mainframe, however, code coverage has always been a difficult challenge. With today’s announcement, Compuware and SonarSource bring mainframe code coverage into the DevOps era, further mainstreaming the mainframe.”

“It is great that Compuware continues to develop a complete DevOps toolchain for COBOL. Adding code coverage is a major achievement and I am very happy this is happening,” said Olivier Gaudin, CEO of SonarSource. “Our partnership with Compuware significantly enhances the ability of large enterprises to bring their mainframes into their cross-platform DevOps processes while still rigorously ensuring the quality of their core enterprise applications.”

Compuware has also simplified the configuration and use of Xpediter Code Coverage—making it much easier for COBOL novices and experts alike to understand the effectiveness of their testing. When running automated tests and debugging code via Topaz’s intuitive Eclipse interface, covered and uncovered code is highlighted so developers can quickly spot areas that need attention, just as they do in Java.

Today’s announcement further delivers on Compuware’s promise to mainstream the mainframe; that is, providing a familiar and intuitive mainframe development environment—integrated with state-of-the-art DevOps tools—for developers newly engaged as mainframe application stewards. The announcement marks the 13th consecutive quarter that Compuware has delivered significant innovation towards this modernization effort.

“Our customers run their businesses on the mainframe, so their proven COBOL applications are of extraordinary value and importance to them,” said Chris O’Malley, CEO of Compuware. “That’s why we are serving our customers by aggressively delivering the new solutions they need to achieve their ambitious goals for digital transformation, just like an authentic mainframe software partner should.”

Compuware Corporation
Compuware empowers the world’s largest companies to excel in the digital economy by fully leveraging their high-value mainframe investments. We do this by delivering highly innovative solutions that uniquely enable IT professionals with mainstream skills to manage mainframe applications, data, and platform operations. Learn more at compuware.com.

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Press Contact
Kristina LeBlanc, The Medialink Group, kristinawleblanc@gmail.com, (508) 930-5636
Mary McCarthy, Public Relations Manager, Compuware, mary.mccarthy@compuware.com, (313) 227-7088

For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit MI 48226, 800-266-7892, www.compuware.com.

Copyright © 2018, Compuware Corporation. All rights reserved. The Compuware products and services listed within this release are trademarks or registered trademarks of Compuware Corporation.

Williams Scotsman Announces Acquisition of Tyson Onsite

BALTIMORE, Jan. 03, 2018 (GLOBE NEWSWIRE) — WillScot Corporation (NASDAQ:WSC) (“Williams Scotsman”) today announced that it has acquired Onsite Space LLC (d/b/a Tyson Onsite, www.TysonOnsite.com). As a result of the acquisition, Williams Scotsman will expand its Ready to Work services to existing and incremental customers in the Midwest, most notably in Indiana, Illinois and Missouri. The acquisition increases Williams Scotsman’s offering by approximately 1,750 units.

Brad Soultz, president and chief executive officer of Williams Scotsman, commented, “We are excited to announce the addition of Tyson Onsite to our Company. Tyson Onsite is highly complementary to the Williams Scotsman market strategy and strengthens our position in key Midwestern markets.  I am pleased to welcome Tyson Onsite employees to our Company and look forward to the many growth opportunities ahead for Williams Scotsman. As we move forward in 2018, we continue to see excellent acquisition opportunities in our target markets and we are well positioned to further execute on our growth strategy.”

The transaction was funded with cash on hand and borrowings under Williams Scotsman’s revolving credit agreement. Financial terms of the transaction were not disclosed.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” Williams Scotsman is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. Williams Scotsman is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units and its customer base has grown to approximately 35,000.

About Tyson Onsite

Tyson OnSite is a regional leader in the rental and sales of commercial modular buildings, mobile offices, portable classrooms, and storage solutions.  Tyson OnSite is headquartered in Indianapolis, IN and currently services customers throughout the Midwest with locations in Indianapolis, IN and St. Louis, MO.

Forward Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: our inability to realize the anticipated benefits of the announced acquisition; costs related to the acquisition and integration of the acquired companies; our ability to manage growth and execute our business plan; our estimates of the size of the markets for our products; the rate and degree of market acceptance of our products; the success of other competing modular space and portable storage solutions that exist or may become available; rising costs adversely affecting our profitability; potential litigation involving our company; general economic and market conditions impacting demand for our products and services; and such other risks and uncertainties as are discussed under the heading “Risk Factors” in our Current Report on Form 8-K, filed with the Securities and Exchange Commission (“SEC”) on December 5, 2017 and those discussed in other reports filed with the SEC by us from time to time, including those discussed under such heading in our Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K to be filed with the SEC. Any forward-looking statement speaks only at the date which it is made, and Williams Scotsman disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information and Where to Find It

Additional information about Williams Scotsman can be found on the Williams Scotsman investor relations website at www.investors.willscot.com

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com

Prime Minister approves project on developing direct air routes

The Prime Minister has approved a project to expand direct air routes between Vietnam and major destinations worldwide.

There will be more new routes from Vietnam to key markets, including the US, China, South Korea, Japan, Thailand, Malaysia, Russia, Germany, Australia, France, the UK, and India, and new markets such as the United Arab Emirates and South Africa. By 2020, Vietnamese air companies will have new routes from Da Nang, Hai Phong, Nha Trang, Phu Quoc, Da Lat, Hue, and Can Tho to dozens of cities in China and Russia. Vietnamese companies will open flights to Yekaterinburg and Vladivostok in Russia. They also expect to offer their first direct service to a destination on the West coast of the US, probably San Francisco or Los Angeles, later this year.

Source: VOV5

UK Minister: 2018 to see better UK-Vietnam relations

Foreign Office Minister for Asia and the Pacific Mark Field said the UK wants to continue working with Vietnam to support economic development and increase quality of life through promoting renewable energy and green finance, developing smart cities, and more research and innovation.

He said the two countries can cooperate on trade, investment, defence, research, innovation, and global issues like crime prevention, wildlife protection, and fighting modern slavery. Mr. Field is visiting Vietnam for the 6th Vietnam-UK Strategic Dialogue this week. On Thursday, he joined Deputy Foreign Minister Bui Thanh Son in chairing the dialogue to boost cooperation.

Source: VOV5

Vietnamese Buddhists in Czech Republic welcome New Year

The Central Committee of the Vietnamese Buddhists’ Association in the Czech Republic organized a festival to welcome New Year 2018 in Prague on Wednesday.

Hundreds of Vietnamese Buddhists attended the event to pray for a new year of peace, happiness, and prosperity.

Most Venerable Thich Thanh Huong, Head of the Vietnam Buddhist Sangha’s Executive Committee in the Czech Republic called the event an opportunity for the Vietnamese community there to celebrate Buddhism and contribute to their homeland.

85-year-old Buddhist follower Phan Thi Van said: The festival brings a warm, peaceful feeling to me and my family. The second and third generations will feel the love of the community through this event. We hope they will also express their love for other people.

Source: VOV5