Connect with us

Business Wire

Allison Walker Joins FTV Capital as Chief Talent Officer

Business Wire

Published

on

Reading Time: 3 minutes

NEW YORK & SAN FRANCISCO–(BUSINESS WIRE)–FTV Capital, a sector-focused growth equity investment firm, today announced that Allison Walker will join the firm as its first chief talent officer. Based in New York, Ms. Walker will lead the firm’s recruitment, development and human resource activities, reporting to managing partner Brad Bernstein. As part of FTV’s resource program designed to deliver valuable expertise to help drive growth, Ms. Walker will provide comprehensive talent advisory services to the firm’s portfolio companies.

Ms. Walker joins FTV Capital from TCV (formerly known as Technology Crossover Ventures), where she was responsible for all human capital management initiatives. At FTV Capital, Ms. Walker will lead efforts to develop effective organizational structures designed to maximize current and future business objectives, alignment of new functions, candidate profiles, assessment and engagement strategies, incentive schemes, onboarding, integration, and performance development programs, as well as diversity and inclusion initiatives for the firm and its portfolio companies.

“Ali brings an expansive resume of executive leadership and proven results in talent management. Her expertise will help to guide FTV’s expansion as we enter our third decade of growth equity investing,” said FTV Capital managing partner Brad Bernstein. “This new role reinforces our commitment to our most valuable asset – our people. Identifying, attracting and developing exceptionally talented individuals for our firm, as well as assisting our portfolio companies in finding high-caliber operating executives to build out their ranks is a top priority.”

“I am thrilled to be joining FTV Capital, a firm with an exceptional team culture, truly differentiated growth equity platform, and proven track record of success,” said Ms. Walker. “I look forward to leveraging my skills to help attract, retain and develop top talent and contribute to overall organizational effectiveness, for both FTV and its portfolio companies, in this highly competitive market. I am impressed by FTV’s institutionalized commitment to supporting its portfolio companies with dedicated resources, expertise and commercial introductions to the executives in its Global Partner Network®. The Global Partner Network has also been a strong source of high-quality executives and independent board members for FTV’s portfolio companies, and I will work to further institutionalize and expand the talent network program.”

Prior to TCV, Ms. Walker was a senior client partner at Korn/Ferry International, a leading global organizational consulting firm, where she was focused on clients within alternatives, fintech and hedge funds, for which she was the global head. In these roles, Ms. Walker advised growth and later stage technology companies, as well as hedge fund and private equity firms on driving performance through talent and organizational strategies. She contributed to multiple high-impact organizational expansion, succession, restructuring, topgrading and coaching initiatives for global and regional exchanges, growth stage fintech companies and multi-strategy investment firms around the world.

Prior to Korn/Ferry, Ms. Walker held executive level positions at various alternative investment firms including Arden Asset Management, a hedge fund of funds, since acquired by Aberdeen Asset Management, Och-Ziff Capital Management, and Citadel Investment Group, as well as global executive search firm Heidrick & Struggles. Ms. Walker began her career with the California District Attorneys Association, becoming head of training and development, and then moved to Heidrick & Struggles, where she held a series of roles culminating in partner for the financial services practice. Ms. Walker holds a B.A. from the University of California, Berkeley.

About FTV Capital

FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in over 100 portfolio companies. Notable exits include: CardConnect (acquired by First Data in 2017), CashStar (acquired by Blackhawk Network in 2017), Financial Engines (IPO in 2010), Globant (IPO in 2014), MarketShare (acquired by Neustar in 2015), MedSynergies (acquired by Optum/UnitedHealthcare in 2014), Mu Sigma (sold to shareholders 2012), PowerShares (acquired by Invesco in 2006), Trustwave (acquired by Singapore Telecom in 2015), WePay (acquired by JP Morgan Chase in 2017) and WorldFirst (acquired by Ant Financial in 2019). FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.

Contacts

Catherine Johnson

Prosek Partners for FTV Capital

pro-ftvcapital@prosek.com
646-818-9287

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

SAIC Wins U.S. Army Human Resources Command Cloud Contract

Business Wire

Published

on

Reading Time: 3 minutes

Company will assess, modernize, and migrate 89 Army Human Resources applications to a commercial cloud solution.

RESTON, Va.–(BUSINESS WIRE)–The U.S. Army selected Science Applications International Corp. (NYSE: SAIC) to modernize its information technology (IT) infrastructure by migrating enterprise applications to a cloud environment. The Army Human Resources Command Cloud Computing Environment (HRC2E) contract is worth more than $41 million over three years and was competed under the Information Technology Enterprise Solutions – 3 Services (ITES-3S) contract.

“We are excited and pleased to work with the Army/HRC to modernize their legacy systems and help steward their applications to a cloud environment. This initiative is a critical step towards the Army’s goal to capitalize on cost savings, agility, and innovations as they successfully transition into a commercial cloud environment,” said Jim Scanlon, SAIC executive vice president and general manager of the Defense Systems Customer Group.

The contract calls for SAIC to assess, modernize, and migrate 89 Army Human Resource applications to a commercial cloud solution. By modernizing its IT, the Army will refactor, re-architect, rebuild and/or replace internal application components, which results in improved cybersecurity and application performance, lower total cost of ownership, and/or lower operations and maintenance costs.

“This new contract is another important step in SAIC’s efforts to deliver first-class IT modernization solutions to the U.S. government,” said Coby Holloway, SAIC vice president of IT Modernization. “By helping our customers on their digital transformation journey to make use of the best technology has to offer, we’re empowering the Army and others to focus on what matters most — delivering outstanding mission outcomes.”

About SAIC

SAIC® is a premier technology integrator solving our nation’s most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions.

We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Contacts

SAIC Media Contact:
Lauren Presti

703-676-8982

lauren.a.presti@saic.com

Continue Reading

Business Wire

Direct Contracting with Employers for Health Care: Henry Ford Health System Shares Insights on Ground-breaking Program with General Motors

Business Wire

Published

on

Reading Time: 3 minutes

Council of Accountable Physician Practices Principles Undergird Historic Partnership

WASHINGTON–(BUSINESS WIRE)–#NatAllForum–A panel discussion on lessons learned in direct contracting at the National Alliance of Healthcare Purchasers’ Annual Forum in Washington, D.C. provided insight into the “direct to employer” healthcare contract announced last year between Henry Ford Health System and General Motors.

Chelsea Pollet, director of Direct-to-Employer Relationships at Henry Ford, participated in the Nov. 12 panel discussion and spoke of how patient experience, quality of care and care management served as the foundation for the agreement.

Henry Ford is an active participant in the Council of Accountable Physician Practices (CAPP), a coalition of visionary medical groups and health systems that support integrated health care delivery.

“The CAPP pillars of care coordination, connected technology, evidence-based treatment decisions, physician leadership and pay-for-performance are the underpinnings of the Henry Ford-GM program,” noted Stephen Parodi, M.D., Chairman of CAPP and Associate Executive Director of The Permanente Medical Group. “These principles are shared by the 30-plus members of CAPP, which together include more than 80,000 physicians. When these concepts are incorporated into health care delivery, quality goes up and costs are better managed.”

“Our experience in other risk-based contracts, including Next Generation ACO and Medicare Advantage, was critical in preparing us to design a program that directly served the needs of GM salaried employees and their families,” Pollet said. “We approached the agreement as a slightly different way to do population health. We worked with GM to determine what was most important to them and their workforce. We knew from our experience with risk-based contracts that we could have success implementing value-based care.”

Pollet said three areas emerged as being of significant value to GM and helped shape the program’s design:

  • Delivering a seamless customer experience. For GM members who chose the “ConnectedCare” plan option, Henry Ford created a dedicated concierge call center.
  • Innovative and coordinated care management. The concept of customer experience went beyond the employee-facing services and encompassed the patient’s entire journey, including care navigation for episodes of illness and changes in health status. With a healthy, commercial population, Henry Ford created new ways to perform care management.
  • Expansive network. The Henry Ford Physician Network expanded to meet network adequacy requirements, ensuring that GM employees and their families eligible for “ConnectedCare” had access to care.

Pollet noted that the program was a first for both Henry Ford and GM, and required a high degree of collaboration, transparency and mutual learning. Having clear goals, an understanding of the population, and certain plan design elements in place were essential. She said collaborative teamwork was the key ingredient for success.

Additional panelists included Bob McCollins, Managing Director, Employers’ Advanced Cooperative on Healthcare; Gary Rost, Executive Director, Savannah Business Group; and Peter Hayes, President and CEO, Healthcare Purchaser Alliance of Maine.

About the Council of Accountable Physician Practices

The Council of Accountable Physician Practices (CAPP), an affiliate of the AMGA Foundation, is a coalition of visionary medical group and health system leaders. CAPP believes that physicians working together, backed by integrated services, systems and data and technology, can best shape and guide the way care is delivered so that the welfare of the patient is always the primary focus. For more information, contact CAPP at Accountablecaredoctors.org.

Contacts

Joy Scott, CEO, Scott Public Relations

Joy@scottpublicrelations.com
Phone: 818.610.0270

Continue Reading

Business Wire

Boutique Fitness Tech Disruptor Mariana Tek Now Backed by Advent International

Business Wire

Published

on

Reading Time: 3 minutes

WASHINGTON–(BUSINESS WIRE)–Mariana Tek, a U.S.-based software company serving premium brands in boutique fitness, today announced that it has reached an agreement to be acquired by Advent International (“Advent”), one of the largest and most experienced private equity investors with over $54 billion of assets under management. This investment is supported by Transaction Services Group (“TSG”), Advent’s portfolio company. In combination they will fuel Mariana Tek’s growth strategy alongside its management team and CEO, Stacey Artandi Seldin.

Advent is thrilled to have invested in Mariana Tek in partnership with TSG. We look forward to working alongside the company’s management team to strengthen its position as a forceful disruptor for enterprise, franchise and multi-location boutique fitness brands,” said Jeff Paduch, Managing Director at Advent. “We will continue to invest heavily in Mariana Tek to accelerate product development, geographic expansion and payments innovation, leveraging Advent’s deep experience and TSG’s global go-to-market infrastructure.”

Mariana Tek, based in Washington, D.C., was founded in 2014 by a team with robust experience in the health and fitness industry. The founders—Stacey Seldin and John Huffsmith—are the architects who built, managed and scaled the technology platform at Flywheel Sports, widely recognized as one of the best technology programs in boutique fitness.

Stacey Artandi Seldin, Co-Founder and CEO of Mariana Tek, said: “When John and I founded Mariana Tek, we knew there was a significant opportunity to provide a new enterprise software solution to boutique fitness brands. The industry has changed dramatically in recent years. Brands and customers are becoming increasingly sophisticated, and with that comes an appetite for innovation. Today, we are proud to offer the only business management platform in fitness specifically tailored to multi-location brands from its inception. Our plan is to continue building industry-leading applications and world-class interfaces that people love. We know that with the support of Advent and TSG we can bring Mariana’s unique combination of great technology and deep domain expertise to the premier brands in boutique fitness.”

Mariana Tek is transforming boutique fitness, an industry hungry for innovation and disruptive technology. As a tech partner, Mariana Tek creates a stress-free, joyful booking experience for both the fitness consumer and leading fitness brands like Barry’s. From Bring-a-Guest features to native Pick-a-Spot scheduling, cross-location reciprocity of credits and memberships, and consolidated reporting, Mariana Tek provides a fast and seamless user experience for all.

Advent International is an excellent partner for Mariana Tek as it has experience investing in health and wellness related sectors including specialty retail through its investment in lululemon, the premier brand in athletic and yoga apparel. Mariana Tek’s partnership with Advent and TSG will provide the strong resources to allow the company to accelerate product development and expand internationally.

ABOUT MARIANA TEK

Mariana Tek is a Washington, DC-based technology company that offers a leading enterprise-class business management platform designed specifically for the boutique fitness industry. The product suite features best-in-class customer experiences; innovative revenue-generating features; and API’s and developer tools that enable clients and partners to realize their creative visions with superior boutique fitness software. For more information, please visit https://marianatek.com.

ABOUT ADVENT INTERNATIONAL

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of June 30, 2019, had $54.3 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 200 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit

Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

ABOUT TRANSACTION SERVICES GROUP

TSG is a global provider of integrated software and payments solutions to the health & wellness and childcare sectors. TSG helps gyms, community clubs and childcare centres manage their members and customers, driving improved member retention and revenue performance, whilst simultaneously reducing administrative burden and cost. Over the last three years, TSG has more than doubled its revenue, through both strong organic growth and several strategic acquisitions. Founded in 1994 in Auckland, New Zealand, the company now also operates across Australia and the UK, with emerging customer bases in Japan, Europe, and the US.

For more information, visit: https://transactionservices.global

Contacts

Andrew Johnson

Finsbury

Tel: +1 646 805 2000

Adventinternational-US@finsbury.com

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