Connect with us

IT Industry

iLOOKABOUT Acquires Operating Assets of Clarocity Corporation

GlobeNewswire

Published

on

Reading Time: 4 minutes

Expands Capabilities and Adds Scale to Valuation Solutions throughout North America

  • Clarocity is an innovative provider of real estate valuation services through its data and analytics capabilities.
  • The combined company creates a fully integrated valuation solution for lending, insurance and public clients.

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, July 18, 2019 (GLOBE NEWSWIRE) — iLOOKABOUT Corp. (TSXV: ILA; OTCQB: ILATF) (“ILA” or the “Corporation”) announced that, further to the press release issued July 12, 2019 regarding the execution of the definitive agreements for the purchase of certain assets of Clarocity Corporation (“Clarocity”), including 100% of the issued and outstanding common stock of Clarocity Inc., the acquisition has been completed.

Clarocity provides comprehensive valuation analytical services to a roster of well recognized clients through a national practice operated from its headquarters in California. By combining Clarocity’s innovative real estate valuation software and proven proprietary products with ILA’s property tax analytics software and access to data, ILA will create a powerful solution that will offer clients throughout North America a unique real estate analytics platform.

ʺWith this acquisition ILA will be in a position to deliver a valuable suite of products and services to the real estate sector offering a breadth of insight, understanding and analytics distinctive in today’s marketplace,” said Gary Yeoman, Chief Executive Officer of ILA. ʺIn addition to the near‐term benefits anticipated with the addition of Clarocity’s significant client base and potential for recurring revenue, the transaction is expected to accelerate the evolution of ILA’s valued investments in technology and the accumulation of proprietary industry data into a resilient and dynamic growth platform.”

The acquisition is expected to fast-track ILA’s progression towards its goal of becoming the North American leader in the provisioning of real estate valuation data and analytics solutions, including risk analysis and property tax exposure, by extending ILA’s reach into the U.S. while also bringing Clarocity’s platform to Canada.

“Clarocity is pleased to come together with ILA in a transaction that will offer exciting new value, increased financial bandwidth and confidence to our clients and employees alike,” said Shane Copeland, CEO of Clarocity Inc. “This combination allows us to provide new offerings to our clients while we integrate data, analytics, and market intelligence which will further expand our ability to deliver exceptional products, services and innovations to our clients more accurately, quickly and in a highly efficient way.”

ʺThis is the right transaction at the right time for ILA,” continued Yeoman. “With a clear focus on new growth potential, extracting value‐added synergies and a determined plan in place to allow Clarocity to reach its potential, this acquisition positions ILA for continued success in existing and new ways for the future.”  

Financial Terms

The consideration for the Transaction, is the same as previously described in the press release of ILA dated July 12, 2019.

The Bridge Loan and Promissory Note

ILA has released and extinguished the Bridge Loan and the Promissory Note (as defined in the July 12, 2019 press release).

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About iLOOKABOUT

ILA is a software, data analytics, data aggregation and visual intelligence company focused on real property. ILA primarily serves the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in North America. ILA provides powerful data analytics to the real estate industry through its Real Property Tax Analytics software offering. The Company’s proprietary StreetScape imagery and real property focused web-based application, GeoViewPort unifies property related data and enables desktop review of properties. ILA has integrated analytics and workflow management applications into GeoViewPort which create highly valued service offerings for its clients. To augment its technology-based offerings, the Company provides real estate consulting services, with a focus on the Property Tax and Valuation sectors.

About Clarocity Inc.

Clarocity Inc. provides real estate valuation solutions and platform technologies designed to address today’s dynamic housing market. Our innovative platform is driving the next-generation of valuation solutions such as MarketValue Pro (MVP) and BPOMerge and setting new standards in real estate valuation quality and reliability.  Every day GSE, banking, and investor clients rely on Clarocity Inc.’s proprietary solutions to value assets, fund loans, and securitize portfolios. As a fully integrated technology and valuation services company, Clarocity Inc. provides a full spectrum of appraisal and alternative valuation solutions.

Cautionary Note

The TSX Venture Exchange has not approved nor disapproved the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements that involve known and unknown risks, uncertainties and assumptions that may not be realized. These statements relate to future events or future performance and reflect management’s current expectations and assumptions which are based on information currently available to management. There is significant risk that forward-looking statements will not prove to be accurate. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. The inclusion of forward-looking statements and information should not be regarded as a representation of ILA or any other person that the anticipated results will be achieved and investors are cautioned not to place undue reliance on such information.

Forward-looking statements in this news release also include financial and business prospects, as well as statements regarding ILA’s future plans, objectives or economic performance and financial outlooks. Such statements are subject to risk factors associated with the real estate industry and the overall economy in both Canada and the United States. Forward-looking information in this press release, includes, among other things, information relating to growth acceleration, deepening market penetration for technology and future revenue growth. ILA believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements. In evaluating forward-looking statements, readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements.

These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. ILA does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

CONTACT: For further information:

Visit www.ilookabout.com or contact: Gary Yeoman, CEO, iLOOKABOUT Corp, 416-347-7707, gary.yeoman@ilookabout.com.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

IT Industry

Industry Thought Leaders Join Outsell to Speak at Digital Dealer 27 on Tips to Conquest and Retain More Customers with Personalized, Cross-Channel Marketing

GlobeNewswire

Published

on

Reading Time: 2 minutes

Panel speakers to address how to personalize the customer experience and increase engagement

MINNEAPOLIS, Aug. 19, 2019 (GLOBE NEWSWIRE) — Outsell, which offers the first AI-driven marketing automation platform for the automotive industry, announced today that it is presenting with customers on a panel at Digital Dealer 27 on the topic “4 Tips to Conquest & Retain More Customers with Personalized, Cross-Channel Marketing,” taking place August 20, 2019 at 10:00 am. The panel will feature speakers Charles Paul, Marketing Director at Scharmach Automotive Group, Chris Mathis, Internet Director at Jackie Cooper Imports and Valerie Vallancourt, Vice President of Marketing at Outsell, who will discuss how dealers can provide personalized experiences across multiple channels.

The customer journey today often includes a variety of devices and channels – and no two customer journeys are the same. Consumers that shop both online and in the dealership have a 30% higher lifetime value than those who shop using only one avenue when searching for a vehicle. Additionally, companies that employ a cross-channel customer engagement strategy retain on average 89% of their customers. It’s imperative for dealers to provide personalized experiences across channels, especially in a slower market. During this panel, attendees will walk away with a better understanding of how to improve customer engagement with new cross channel marketing methods.

Key takeaways that the panelists will share:

  • Understand what customer experience means to consumers today and how to personalize the customer experience at scale.
  • Learn how to create an omnichannel approach to meet consumers wherever they are in their lifecycle.
  • Learn how to orchestrate an end-to-end experience to increase overall customer engagement.
Who: Charles Paul, Marketing Director at Scharmach Automotive Group, Chris Mathis, Internet Director at Jackie Cooper Imports and Valerie Vallancourt, Vice President of Marketing at Outsell
What: “4 Tips to Conquest & Retain More Customers with Personalized, Cross-Channel Marketing”
Where: Mandalay Bay J, Mandalay Bay Resort & Casino, Las Vegas
When: Tuesday, August 20 from 10:00-10:50 am

Outsell will also be at booth #841 showcasing the newest enhancements to the Outsell platform. Click here for more details and to sign up for a demo.

To register for Digital Dealer 27 and learn more about the agenda, please visit, https://www.digitaldealer.com/conference/education/agenda/.

About Outsell
Outsell offers the first AI-driven marketing automation platform for the automotive industry, creating a personalized customer experience that drives increased sales and profits. Our proprietary technology harnesses massive amounts of data creating accurate and powerful consumer profiles that engage your customers and prospects exactly where they are in their individual lifecycles. That’s why Outsell is the trusted platform for over 1,500 dealers representing all major automotive brands. To learn more, visit https://www.outsell.com/ or follow us at @Outsell.

Media Contact:
Gina Rezendes
Big Swing Communications
+1 617-640-9278
gina@big-swing.com 

Continue Reading

IT Industry

RTX is upgrading and narrowing financial outlook for 2018/19

GlobeNewswire

Published

on

Reading Time: 2 minutes

Noerresundby, Denmark, 19 August 2019
Announcement no. 37/2019

As RTX has had strong revenue growth in Q3 (which ended 30 June 2019), and as the order intake and forecast for Q4 up until now is also solid, RTX adjusts its financial expectations for the 2018/19 financial year.

RTX will, as previously communicated, release its interim Q3 2018/19 report on 27 August 2019, however, we can report the following preliminary numbers for Q3 2018/19 and the first nine months (9M) of 2018/19:

  • Expected revenue level: Q3 2018/19: DKK 148 million; 9M 2018/19: DKK 403 million
  • Expected EBITDA level: Q3 2018/19: DKK 29 million; 9M 2018/19: DKK 63 million
  • Expected EBIT level: Q3 2018/19: DKK 26 million; 9M 2018/19: DKK 53 million

Both business units, Business Communications and Design Services, have seen significant revenue growth in Q3 and both have solid order intake for Q4. The growth and order intake in Business Communications are partly the result of the new major framework agreements announced during 2017/18. In Design Services, the growth and order intake are especially within product sales in line with the strategy to grow recurring revenue in the business unit.

Based on the growth and order intake, the expected revenue in 2018/19 is adjusted from previously DKK 520-550 million to DKK 550-565 million, expected EBITDA is adjusted from previously DKK 85-100 million to DKK 90-100 million and expected EBIT is adjusted from previously DKK 65-80 million to DKK 77-87 million.

Guidance overview financial year 2018/19:

  Original outlook for 2018/19 Updated outlook for 2018/19
Revenue DKK 520-550 million DKK 550-565 million
EBITDA DKK 85-100 million DKK 90-100 million
EBIT DKK 65-80 million DKK 77-87 million

The above statements on RTX A/S’ future conditions, including in particular, future revenue and operating profit (EBITDA and EBIT), reflect management’s current outlook and carry some uncertainty. These statements can be affected by a number of risks and uncertainties, which mean that actual developments can be different from the indicated outlook. These risks and uncertainties include – but are not limited to – general business and economic conditions, dependence on partners, the time of delivery of components and foreign exchange and interest rate fluctuations.

As mentioned, RTX will release its interim report for Q3 2018/19 on 27 August 2019 with further details on the performance in the third quarter and will host an investor and analyst meeting on 30 August 2019 at 9.00 am at ABG Sundal Collier, Forbindelsesvej 12, 2100 Copenhagen.

Enquiries and further information:
CEO Peter Røpke, tel +45 96 32 23 00
RTX’s homepage: www.rtx.dk

Attachment

Continue Reading

IT Industry

Flux7 Named on Inc. 5000’s 2019 List of Fastest Growing Companies in America

GlobeNewswire

Published

on

Reading Time: 2 minutes

IT services provider Flux7 ranked to the top thirty percent of Inc. 5000 for the second consecutive year

AUSTIN, Texas, Aug. 19, 2019 (GLOBE NEWSWIRE) — For the second year, Flux7, an IT services provider helping organizations innovate and achieve agility at the speed of the market, has been named to the annual Inc. 5000 list. The list is a prestigious ranking of the nation’s fastest-growing private companies by Inc. Magazine. Flux7, which was also named to the 2018 Inc. 5000 list, ranked 1489th nationally with three-year revenue growth of 277 percent. Flux7 has also ranked the 39th fastest-growing IT Systems Development companies, and ranked 31st among all private companies in Austin. Organizations partner with Flux7 to strategically plan adoption of the customer-value driven approach of DevOps, and to accelerate progress using highly in-demand skills and proven experience with cloud, containers, configuration management and CICD. Flux7 customers gain long-term agility through the transfer of knowledge and IP during the planning and delivery process.

“Evolving technology platforms to support digital business at scale, both now and in the future, is complex,” said Aater Suleman, co-founder and CEO of Flux7. “The market’s need to improve the delivery of IT services through modern tools and infrastructure while expanding the skills of key contributes reflects our rapid growth and place among the elite Inc. 5000.”

Flux7 Helps Businesses Adopt Game Changing Technologies

Flux7 was founded with a vision is to enable enterprises to experiment more, fail cheap, and measure results accurately. In pursuit of that goal, the company has deepened its experience with new technologies such as Kubernetes and Terraform, as well as advanced native cloud services.  Earlier this year, Flux7 raised funding to expand its DevOps consulting services through further investment in repeatable processes and intellectual property to speed and scale customer results. Companies including G6 Hospitality, Rent-A-Center and TechNipFMC have engaged Flux7’s professional services and infrastructure modernization services to optimize IT platforms and apply automation within an Agile DevOps model to improve the security and efficiency with which services are delivered.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000

The 38th Annual Inc. 5000 Conference and Gala will be held at the J.W. Marriott Desert Ridge Resort and Spa in Phoenix, Arizona on October 10-12, 2019.

About Flux7
Flux7 is an IT services firm helping businesses to improve agility through the modernization of IT delivery and application modernization. By collaborating with customers to implement cloud automation using the latest technologies and strategies, Flux7 accelerates DevOps adoption. Learn how Flux7 helps businesses bring solutions to market faster at https://www.flux7.com, get real-world information about IT modernization and DevOps at https://blog.flux7.com/, or follow us on Linked in at https://www.linkedin.com/company/flux7-labs.

Flux7 Media Contact:
Heather Racicot
360-632-5616
heather.racicot@flux7.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