Connect with us

Business Wire

Avetta Launches Marketplace—a Resource for Supply Chain Contractors to Purchase Discounted Safety Products, Insurance and Safety-Related Services

Business Wire

Published

on

Reading Time: 3 minutes

Marketplace helps contractors reduce costs, save time, improve performance and grow their businesses through exclusive access to discounts on safety-related products and services

Avetta first in the industry to offer value-added services for member companies

OREM, Utah–(BUSINESS WIRE)–#riskmanagementAvetta, the leading provider of supply chain risk management that connects organizations with qualified and vetted suppliers, contractors and vendors, launched Marketplace, an online resource for suppliers to obtain exclusive discounts on safety products, insurance and safety-related services essential to their business operations. Marketplace enhances the value of membership in the worldwide Avetta network and reduces costs, saves time, improves performance, and grows businesses of the 90,000+ contractors and suppliers that participate. The company is the first in the supply chain risk management industry to offer these value-added services. Avetta members and other interested companies can visit https://www.avetta.com/suppliers/marketplace to learn more.

As an Avetta member, contractors and suppliers connect online to receive best-in-class offerings and exclusive discounts from companies such as BLR, DISA Global Solutions, FleetSharp by Agilis Systems, HUB International, SafetyCulture, Safety Resourcing, UL, Universal Specialty Group, USA Telecom Insurance Services and others. Some of the services include industry certifications, safety training, workplace auditing, drug testing, insurance, cybersecurity, travel, car rental, and IT products and services.

“Avetta continues to build the largest global network for supply chain risk management, and Marketplace connects our clients and suppliers to the products and services critical to their business,” said John Herr, CEO of Avetta. “We are the first to enhance the value of membership in a client-contractor network, building our Marketplace based on what contractors told us would significantly impact their business. That’s why we’ve partnered with the leading companies in safety training, certifications, insurance and more to provide this unique offering.”

Because suppliers offered feedback on what to offer, Marketplace is already improving compliance rates and reducing costs.

“We fell out of compliance with our largest customer because we couldn’t carry adequate auto and workers compensation insurance,” according to Sara Stoffel at Sleeth Tower. “Costs were too high. Our Avetta customer service agent assisted in helping us find appropriate levels of insurance at an affordable rate through USA Telecom, an Avetta Marketplace partner, that enabled us to get back into compliance. Avetta helped save our largest contract.”

Jeff Berkenmeier, President of FastTrac, said, “Our yearly Certificate of Insurance cost dropped about $10,000…and helped us get off to a great start this year.”

Marketplace is part of Avetta’s platform and services that help companies worldwide improve their procurement processes through contractor management and prequalification with a highly configurable SaaS-based system. The system enables Avetta’s 450+ global clients and 90,000+ contractors and suppliers to connect anytime, anywhere in more than 100 countries. Avetta is a game-changer for procurement organizations, helping them gain real-time access to business intelligence that enables better decisions and more efficient and sustainable workplaces. Spend Matters named Avetta one of its “50 Procurement Providers to Know.”

For more information about Marketplace, click here.

About Avetta

Avetta leads the world in connecting leading global organizations across several industries including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 90K suppliers across 100+ countries. Visit www.avetta.com for more information.

Contacts

PR Contact:

SnappConner PR

Mark Fredrickson, +1 801-806-0161

mark@snappconner.com

Avetta

Scott Nelson, +1 801-850-3363

snelson@avetta.com

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 and Management

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering

Business Wire

Published

on

Reading Time: 2 minutes

CHICAGO–(BUSINESS WIRE)–RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) is pleased to announce the final results of its transferable rights offering (the “Offering”). The Fund will issue a total of 2,371,081 new common shares as a result of the Offering, which closed on December 10, 2019 (the “Expiration Date”).

The subscription price of $16.21 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value on the Expiration Date. Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $38.4 million.

The shares of common stock issued as a result of the rights offering will not be record date shares for the Fund’s monthly distributions paid in November or December 2019.

This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy. Investors should read the prospectus supplement and accompanying prospectus, when available, and consider the investment objective, risks, fees and expenses of the Fund carefully before investing. To obtain a copy of the prospectus supplement and accompanying prospectus, when available, or the Fund’s annual report or semi-annual report, each of which contains this and other information about the Fund, visit www.rivernorth.com or call 855.862.6092. Please read them carefully before investing.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

The investment objective of the Fund is current income and overall total return. The Fund had approximately $266 million of total managed assets and 11.0 million shares of common stock outstanding as of November 30, 2019.

The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value.

Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the Common Shares, you should consider the risks as well as the other information in the prospectus.

RiverNorth Capital Management, LLC

RiverNorth is an investment management firm founded in 2000 that specializes in opportunistic strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is the manager to multiple registered and private funds.

RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC.

©2000-2019 RiverNorth Capital Management, LLC. All rights reserved.

Contacts

Investor Contact
Chris Lakumb, CFA, CAIA

312.445.2336

clakumb@rivernorth.com

Continue Reading

Business and Management

PLDA Announces Successful Compliance Certification of Its PCI Express® 4.0 INSPECTOR™ Platform. During the PCI-SIG® Compliance Workshop held October 2019 in Taiwan

Business Wire

Published

on

Reading Time: 3 minutes

PLDA’s INSPECTOR diagnostic and debug tool for PCIe 4.0 technology passed all Gold and Interoperability tests for systems with CEM slots

SAN JOSE, Calif.–(BUSINESS WIRE)–PLDA, the industry leader in PCI Express® (PCIe®) technology and high-speed interconnect solutions, today announced that their PCIe 4.0 INSPECTOR™ diagnostic and debug platform passed all Gold and Interoperability tests for the PCIe 4.0 root port systems performed by the PCI-SIG® during their Compliance Workshop, held in October 2019 in Taiwan.

PLDA’s INSPECTOR is a PCIe 4.0 host platform with built-in test and diagnostic features. It was developed to meet a market need for additional validation in the PCIe architecture design process. INSPECTOR, which was also used as a PCIe 4.0 Host Interoperability platform during previous PCI-SIG Compliance Workshops, is typically used for bring-up and diagnostic testing of PCIe 4.0 add-in cards at PCIe 4.0 technology 16GT/s speed. It can also support any link speed/width combination on upstream and downstream ports. INSPECTOR’s built-in diagnostic capabilities allow validation engineers to instantly diagnose issues with their PCIe devices, without the need for expensive test equipment. The PLDA INSPECTOR platform enables design, test and validation engineers to:

  • Monitor PCIe interface power-on processes
  • Diagnose PCIe interface PHY and link issues
  • Analyze throughput performance in real-time, in a production environment
  • Check PCIe interface reliability
  • Perform PCIe interface stress tests and random tests via scripting, delivering exerciser functionality

PCI-SIG is the community responsible for developing and maintaining the standardized approach to peripheral component I/O data transfers. Their Compliance Workshops offer members the opportunity to test and validate their products before they enter the field. Testing is completed against PCI-SIG maintained systems, as well as other leading manufacturers of PCIe products.

According to Arnaud Schleich, CEO of PLDA “Successful completion of the PCI-SIG compliance testing at PCIe 4.0 specification speed by the PLDA INSPECTOR product is an important accomplishment for PLDA, and represents the culmination a four-year-long project which began with the creation of Gen4SWITCH in 2016.”

“As a PCI-SIG member, PLDA plays a valued role in the success of PCIe technology,” said Al Yanes, PCI-SIG President and Chairman. “PLDA’s dedication to testing compliance help ensure interoperability, contributing to the proliferation of the PCI Express ecosystem.”

More information:

You can access more information on PLDA’s PCIe 4.0 IP as follows:

About PLDA

PLDA is a developer and licensor of Semiconductor Intellectual Property (SIP) specializing in high-speed interconnect supporting multi-gigabit rates (2.5G, 5G, 8G, 16G, 25G, 32G, 56G, 112G), and protocols such as PCI Express, CCIX, CXL, and Gen-Z. PLDA has established itself as a leader in that space with over 3,200 customers and 6,400 licenses in 62 countries. PLDA is a global technology company with offices in Silicon Valley, France, Bulgaria, Taiwan, and China. Visit PLDA online at www.plda.com.

About PCI-SIG

PCI-SIG is the consortium that owns and manages PCI specifications as open industry standards. The organization defines industry standard I/O (input/output) specifications consistent with the needs of its members. Currently, PCI-SIG is comprised of nearly 800 industry-leading member companies. To join PCI-SIG, and for a list of the Board of Directors, visit www.pcisig.com

###

Trademarks

All registered trademarks and other trademarks belong to their respective owners. PCI-SIG, PCI Express and PCIe are trademarks or registered trademarks of PCI-SIG.

Contacts

PLDA
Romain Tourneau, Marketing Manager, +33 4 28 38 04 66, rtourneau@plda.com

Continue Reading

Business and Management

Quantzig Helped a Manufacturing Firm Improve Process Efficiency Using Sensor Data Analytics

Business Wire

Published

on

Reading Time: 3 minutes

Request a FREE demo to gain in-depth insights

LONDON–(BUSINESS WIRE)–#Analytics–Quantzig, a global data analytics and advisory firm that delivers actionable analytics solutions to resolve complex business problems, has announced the completion of its recent engagement the throws light on how smart sensor technology and sensor data analytics helped a UK-based industrial and manufacturing client to reduce maintenance costs and delay-causing failures.


The case study aligns perfectly with Quantzig’s commitment to helping its clients transform business processes through innovative analytics solutions.

Request a FREE proposal to gain in-depth insights into our portfolio of sensor analytics solutions and learn why NLP can help you drive outcomes using sensor data.

The growing popularity of embedded sensor technology and a rise in the use of sensors in day-to-day gadgets have sparked a huge debate around the use of sensors in the industrial and manufacturing sector. This is mainly because the use of embedded sensors often leads to the generation of large volumes of unstructured data sets, leading to a rise in computational issues that pose a major threat in terms of process efficiency and accuracy. Having adopted an automated solution based on MEMS technology to replace the manual processes, the client, in this case, faced major challenges in analyzing datasets. This is when they approached Quantzig to leverage its sensor data analytics capability to detect critical wear and tear issues and reasons for machine failures.

Ready-to-use components with built-in capabilities such as data extraction, reporting, and deep-dive analytics make uncovering insights faster. Don’t you agree? Speak to our analytics experts to get started!

Key Questions Answered

1. Can sensor data analytics help improve business efficiency?

2. How does sensor data analytics help correlate data obtained from multiple sensors?

3. Why is sensor data analytics crucial in the industrial and manufacturing sector?

According to Quantzig’s sensor data analytics experts, “With the number of sensor-embedded intelligent devices increasing exponentially, enterprises struggle to effectively manage voluminous sensor data which demands solutions powered by advanced analytics in conjunction with AI.”

Deploying a Sensor Data Analytics Framework can help you acquire, transform, and analyze data obtained from multiple sensors across the organization. Wonder how it works? Book a FREE Demo to get a glimpse.

How Sensor Data Analytics Solutions Helped the Manufacturing Firm

1: Improved decision-making with cross-functional insights

2: Enhanced process efficiency and reduced manufacturing costs by 18%

3: Identified factors leading to machine failures and minimized downtime

As scalability challenges of sensor data have skyrocketed due to the proliferation of embedded sensors and mobile devices, it becomes crucial for businesses to bring it under control using cognitive technologies to collect, analyze and visualize real-time and historical machine data. Our sensor data analytics solutions integrate technology and data modeling to help businesses improve operations, perform predictive maintenance, and better manage the uptime and availability of industrial assets.

Read the complete success story for comprehensive insights: http://bit.ly/35he6Uj

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

Contacts

Quantzig
Anirban Choudhury

Marketing Manager

US: +1 630 538 7144

UK: +44 208 629 1455

https://www.quantzig.com/contact-us

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

Trending

Please turn AdBlock off