Connect with us

Business Wire

NCR Acquires Reseller Texas P.O.S. to Expand Hospitality Business

Business Wire



Reading Time: 1 minute

ATLANTA–(BUSINESS WIRE)–NCR Corporation (NYSE:NCR) announced today it has acquired Texas P.O.S.
Inc., a leading restaurant technology company in the Houston market. The
acquisition complements NCR’s existing, regional sales presence for
hospitality customers and expands sales and services coverage in Texas.

Texas P.O.S. has incredible expertise in the Houston market with a large
and loyal customer base. The Texas P.O.S. management team remains with
NCR following the acquisition and the Texas P.O.S. staff agreed to join

“Everything we do is guided by our principle to put the customer first.
When Texas P.O.S. first discussed the possibility of combining forces in
Houston we quickly discovered a team immersed in the local community.
Our customers in the area will be delighted by the expanded set of
services we can provide,” said Michael D. Hayford, president and chief
executive officer, NCR Corporation.

NCR now maintains 15 local offices for sales and service in the U.S.,
with three in Texas.

“I’m so excited to join the NCR family,” said Brian Choate, founder and
president, Texas P.O.S. “After 26 years of growing this business, I’m
proud of what we’ve built here. It’s time to take the next step for our
customers, and I couldn’t be happier with the partnership and the

About NCR Corporation

NCR Corporation (NYSE:NCR) is a leading software- and services-led
enterprise provider in the financial, retail, hospitality, telecom and
technology industries. NCR is headquartered in Atlanta, Ga., with 34,000
employees and does business in 180 countries. NCR is a trademark of NCR
Corporation in the United States and other countries.

Web site:


Warner May

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

Osram Clears Way for ams Takeover Offer of EUR 38.50 Per Share

Business Wire



Reading Time: 3 minutes

– Existing standstill agreement between Osram and ams waived

– ams announces takeover offer of EUR 38.50 per share

– Guarantees agreed for Osram employees and sites

MUNICH–(BUSINESS WIRE)–The Managing Board and Supervisory Board of Osram have waived the existing standstill agreement with ams and signed a cooperation agreement. This clears the way for a voluntary public takeover offer by ams AG. The offer, which is expected to be valid until the beginning of October, amounts to EUR 38.50 in cash per share, with a minimum acceptance level of 70 percent.

Our shareholders now have two offers on the table, allowing them to choose between the different business concepts,” said Olaf Berlien, CEO of OSRAM Licht AG. “We are proud to have made brave, strategically right decisions in an extremely difficult market environment over the past few years. The interest shown by several bidders, both from the private equity sector and the industry, is testimony for this.”

In addition to providing an attractive takeover offer with a secured financing for shareholders, it is highly important to Osram’s Managing Board and Supervisory Board that employee interests are safeguarded. The cooperation agreement with ams thus provides commitments for employees and essential parts of the company. ams has also committed to maintaining existing collective agreements, works agreements and similar arrangements. Existing pension plans shall also be fully retained. Munich would become co-headquarters, with global central functions. Osram would continue to operate under its current name and exist as a brand following the takeover.

Osram will also give ams further opportunity to convince the Managing Board and Supervisory Board of the business orientation, global location strategy and integration concept. For various reasons, it has not yet been possible to reach an adequate understanding on these issues. In particular, the integration of an industrial group with revenues of almost EUR 4 billion and a presence in some 70 countries by a significantly smaller company represents a challenging task.

The consequent transformation into a high-tech photonics company remains the only viable way for Osram to secure growth over the medium and long term. Osram will continue to focus its full energy on moving in this direction.

The offer document of ams still needs to be reviewed and approved by the German Federal Financial Supervisory Authority (BaFin) in accordance with the provisions of the German Securities Acquisition and Takeover Act (“WpÜG”).

From 2 pm CEST on Thursday, August 22, you can follow the analyst conference with the Managing Board at (listen only)


OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to networked, intelligent lighting solutions in buildings and cities. OSRAM utilizes the infinite possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations will enable people all over the world not only to see better, but also to communicate, travel, work, and live better. As of the end of fiscal year 2018 (September 30), OSRAM had approximately 26,200 employees worldwide. It generated revenue of more than €3.8 billion from continued operations in fiscal year 2018. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at


This document contains forward-looking statements and information, i.e. statements about events that lie in the future rather than the past. These forward-looking statements can be identified by words such as ‘expect’, ‘want’, ‘anticipate’, ‘intend’, ‘plan’, ‘believe’, ‘seek’, ‘estimate’, ‘will’, and ‘predict’. Such statements are based on current expectations and certain assumptions made by OSRAM’s management, so they are subject to various risks and uncertainties. A wide range of factors, many of which are beyond OSRAM’s control, have an influence on the business activities, success, business strategy, and results of OSRAM. These factors may cause the actual results, success, and performance of OSRAM to differ significantly from those expressly or implicitly communicated in the forward-looking statements or from those that are expected on the basis of past trends. In particular, these factors include, but are not limited to, the circumstances described in the report on risks and opportunities contained in the annual report of the OSRAM Licht Group. If one or more of these risks or uncertainties materializes, or should the underlying assumptions prove incorrect, the actual results, performance, and success of OSRAM may differ significantly from those described in forward-looking statements as being expected, anticipated, intended, planned, believed, sought, estimated, or projected. OSRAM assumes no obligation, nor does it intend, to update these forward-looking statements above and beyond the legal requirements or to adjust them in light of unexpected developments. Due to rounding, numbers presented in this and other reports may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures to which they relate.



Torsten Wolf

Tel. +49 89 6213-2506


Jens Hack

Tel. +49 89 6213-2129


Susanne Enninger

Tel. +49 89 6213-3996



Juliana Baron

Tel. +49 89 6213-3030


Julia Klostermann

Tel. +49 89 6213-4966


Continue Reading

Business Wire

Morphpackers Opens U.S. Legal Entity and Offices

Business Wire



Reading Time: 2 minutes

Morphpackers expands its production and service capabilities from Aberdeen, Scotland to The Woodlands, Texas

THE WOODLANDS, Texas–(BUSINESS WIRE)–Morphpackers, a leading provider of revolutionary and highly innovative expandable steel packers for the oil and gas industry, announced the establishment of its U.S. legal entity and office in The Woodlands, Texas. Some of the manufacturing of their products has already been relocated to the Houston area, and plans are underway to move the rest of the manufacturing to the region also.

The expansion positions the company closer to its customers and allows them to provide better technical support and accessibility to their end-users. About expanding in the U.S., recently appointed Morphpackers CEO Alfredo Sanchez said, “Texas continues to be at the center of the oil and gas, and specifically hydraulic fracturing, industries. Our main goal is to assist operators in the North American unconventionals market become more competitive. Moving our operations to Texas puts us in better position to serve our customers.”

The state-of-the-art manufacturing plants in and around the Houston area were additional motivation to relocate production of some of their products. Morphpackers develops new downhole technologies for hydraulic refracturing operations. “We provide affordable, effective alternatives to the existing refracturing options that are typically cost-prohibitive and unreliable,” says Sanchez. “Being able to manufacture closer to the end destination of our products will improve lead times and logistics to allow Morphpackers to better serve our customers with our guaranteed quality standards.”

U.S.-based field trials for new product lines are currently underway, with the company reporting successful results and rapid adoption by customers. Morphpackers currently has offices and research and development operations in Aberdeen, Scotland. Sanchez is in the process of expanding the U.S. personnel team with positions primarily located in Texas and Oklahoma.

For more information on Morphpackers, visit and find Morphpackers on LinkedIn.


Morphpackers is a leading provider of revolutionary and highly innovative expandable steel packers for the global oil and gas sector. Morphpackers specializes in refrac packers and production packers that fill the current gap between value and performance. Morphpackers expandable steel packer solutions offer the lowest price to performance ratio for refrac solutions by optimizing production, enhancing life of field, and reducing well construction costs.


Alfredo Sanchez, CEO



Continue Reading

Business Wire

ePlus Scores Exclusive, Presenting Sponsorship of New Golf Digest Series: My Game: Tiger Woods

Business Wire



Reading Time: 4 minutes

HERNDON, Va.–(BUSINESS WIRE)–$PLUS #champions–ePlus inc. (NASDAQ NGS: PLUSnews) today announced that it has secured the exclusive, presenting sponsorship of a new Golf Digest Schools series entitled: My Game: Tiger Woods.

The series, produced in conjunction with his Discovery Golf partnership, will be airing on Golf Digest in the US and GOLFTV powered by PGA TOUR internationally. Spanning 12 digital episodes, audiences will be given a rare, up-close look at Tiger’s game as the biggest name in golf shares the secrets of his approach, technique and how his game has evolved during his record-breaking career.

From pre-round mental preparation to his detailed putting practice, the formative influences on his game and the latest workout techniques he employed as he returned to his peak powers, My Game: Tiger Woods is the definitive guide to Tiger’s game that established golfers, beginners and fans alike have been waiting for.

“It takes hard work, preparation, dedication, commitment, next-level focus and perseverance to be at the top of your game,” said Mark Marron, CEO and President of ePlus inc. “These traits, which clearly have been exhibited by Tiger Woods throughout his career, are also traits that ePlus brings to our business and what sets us apart from our competition. We are honored to be the exclusive presenting sponsor of My Game: Tiger Woods, because like Tiger, ePlus is a big believer in readiness. We help organizations prepare today for big changes ahead so they can keep winning tomorrow.”

“We are thrilled ePlus has joined us to present the unique story of Tiger’s game to fans and players around the world. The exclusive series offers never-before-seen insights into Woods’ mind and game, as he shares his innermost thoughts on everything from his mental-game approach to his strategy for all aspects of the game. With preparation and dedication key themes across the series, it’s clear ePlus was a perfect partner,” said Alex Kaplan, President and General Manager, Discovery Golf.

In the first episode, launched on Tuesday, August 20, on in the US and GOLFTV internationally, Tiger reveals his practice methods and the intensity and detail-oriented nature of his preparations, and how this enables him to feel positive when it comes to competition. View the episodes at

About ePlus inc.

ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking, AI and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,500 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171. For more information, visit, call 888-482-1122, or email Connect with ePlus on LinkedIn at Facebook at and on Twitter at Where Technology Means More®.

About Golf Digest:

Golf Digest is the No. 1 most widely read golf publication in the world and the authority on how to play, what to play, and where to play. Golf Digest’s aim is to enhance the enjoyment of all facets of the game – making its readers better players, smarter consumers and more discerning travelers, while also offering the kind of informative and provocative stories that fuel the unending conversation that is golf.

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

Statements in this press release that are not historical facts may be deemed to be “forward-looking statements.” Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, exposure to changes in, interpretations of, or enforcement trends in legislation and regulatory matters; managing a diverse product set of solutions in highly competitive markets with a number of key vendors; adapting to meet changes in markets and competitive deployments; maintaining and increasing advanced professional services by recruiting and retaining highly skilled, competent personnel, and vendor certifications; increasing the total number of customers who use our managed services and professional services and continuing to enhance our managed services offerings to remain competitive in the marketplace; performing professional and managed services competently; maintaining our proprietary software and updating our technology infrastructure to remain competitive in the marketplace; reliance on third parties to perform some of our service obligations to our customers; changes in the Information Technology (“IT”) industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service (“IaaS”), and software as a service (“SaaS”); our dependence on key personnel to maintain certain customer relationships, and our ability to hire, train, and retain sufficient qualified personnel; disruptions or a security breach in our or our vendors’ IT systems and data and audio communication networks; our ability to secure our own customers’ electronic and other confidential information, and remain secure during a cyber-security attack; our ability to protect our intellectual property rights and successfully defend any challenges to the validity of our patents or allegations that we are infringing upon any third-party patents, and the costs associated with those actions, and, when appropriate, license required technology; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.


Kleyton Parkhurst, SVP

ePlus inc.


Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Follow our Tweets


Please turn AdBlock off