“FinPay has experienced accelerating growth over the last two years due to our focus and investment in our proprietary analytics, data-driven technology, fully managed patient engagement and financial responsibility platform. This unique solution has allowed us to provide game-changing financial improvements to providers in the behavioral health and acute care markets. We are excited that PeakSpan Capital, a recognized leader in growth-stage software investing, has decided to invest in FinPay and join our Board of Directors to help us continue to improve the patient financial experience,” said Tim Kowalski, president and CEO of FinPay Holdings, Inc. “We are equally pleased that Montreux Growth Partners, who first invested in FinPay in November 2020, has increased their investment as part of this round and continues to share our goal of driving higher value to Behavioral Health and Acute Care providers.”
“FinPay attacks one of the most pernicious, opaque and costly pain points in healthcare today, the payment,” said Jack Freeman, partner of PeakSpan Capital. “In a world where out-of-pocket medical expenses are rising at an alarming rate, FinPay’s solution has become increasingly relevant, driving immense value for both healthcare providers and patients. We’re privileged to be backing such a seasoned management team with a strong vision, innovative technology platform and disruptive approach that will redefine how providers attack patient financial management and engagement.”
“Montreux is very pleased with the tremendous progress Tim and the FinPay Team have made since our initial investment in November 2020. FinPay’s unique combination of technology and a fully managed solution have positioned them to become a dominant player in the world of patient engagement and financial responsibility. We are delighted to welcome PeakSpan Capital to the FinPay Team as we scale the business to the next level,” said Daniel K. Turner III, managing partner of Montreux Growth Partners.
About FinPay
FinPay is committed to solving the affordability crisis in healthcare by enhancing the patient financial experience through pre-care engagement, expanding healthcare financial literacy, advocating for cost transparency, and offering affordable payment options to maximize patient payments, affordable access to care and greater patient satisfaction. To learn more, visit www.FinPay.com.
FinPay Media Contact
Stacy McCloskey Director of Marketing [email protected]
About PeakSpan Capital
PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 30 high-growth software businesses and with $1.5B+ in AUM, PeakSpan’s mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a homegrown, proprietary technology platform providing visibility into company and market performance, to help disruptive entrepreneurs drive resilient, risk-adjusted value creation. To learn more about PeakSpan Capital and its portfolio, please visit www.peakspancapital.com.
About Montreux Growth Partners
Montreux is dedicated to making growth capital investments in category-leading companies with products, technologies, and services advancing health. Montreux has invested in more than 60 companies across multiple funds. Within healthcare IT, Montreux has built a strong track record with leading companies such as MINDBODY (IPO, acquired by Vista Equity Partners), Kareo, TigerConnect (acquired by Vista Equity Partners) and FinPay. For more information, please visit www.mepvc.com.
CGI’s Momentum standardizes procedures to maximize economical resource administration systems throughout agency
FAIRFAX, Va., Feb. 10, 2022 /PRNewswire/ — CGI (NYSE: GIB) (TSX: GIB.A) introduced the thriving implementation of CGI’s Momentum® as part of the U.S. Office of Justice’s (DOJ’s) Unified Fiscal Management Program (UFMS) application. Working as a shared company, this modernization streamlines units to produce a solitary resource of fiscal and acquisition info for DOJ to enhance its monetary administration performance, strengthen its company processes, and help shipping and delivery of its mission, objectives, and strategic objectives.
CGI’s Momentum® performs a pivotal role as the computer software resolution underpinning UFMS, which merged and changed the Department’s six main economical administration and many procurement programs. By means of this implementation, DOJ gains a one business resource planning (ERP) system to take care of details across all DOJ factors. Particularly, UFMS streamlines and standardizes company procedures and procedures throughout all DOJ factors, furnishing secure, accurate, well timed, and actionable financial information to administration personnel. It also supplies DOJ with consolidated administration information, as effectively as the functionality to meet up with all mandatory needs of the Federal Acquisition Regulation and the Justice Acquisition Regulation.
“For practically two a long time, CGI has made use of its deep expertise of DOJ’s business procedures, accounting, and technologies to serve as the Department’s dependable advisor,” mentioned Clay Goldwein, Senior Vice-President at CGI Federal. “Successful completion of the implementation enables DOJ to think about new ways to enhance enterprise systems as shown by the latest introduction of a unified asset administration resolution supported by CGI’s Sunflower, which will drive successful and economical stewardship of assets for the Section.”
About CGI Federal CGI Federal Inc., a wholly-owned U.S. running subsidiary of CGI Inc., is dedicated to partnering with federal organizations to deliver remedies for protection, civilian, health care and intelligence missions. Founded in 1976, CGI is amongst the greatest IT and company consulting products and services firms in the world. With 82,000 consultants and other specialists across the globe, CGI provides an conclude-to-finish portfolio of capabilities, from strategic IT and business consulting to methods integration, managed IT and company procedure services and intellectual property alternatives. CGI works with shoppers as a result of a regional marriage design complemented by a global shipping network that will help clients digitally renovate their businesses and speed up effects. With Fiscal 2021 documented earnings of C$12.13 billion, CGI shares are outlined on the TSX (GIB.A) and the NYSE (GIB). Learn extra at cgi.com.
Ahead-hunting info and statements This press release has “forward-wanting data” in just the which means of Canadian securities rules and “ahead-on the lookout statements” in just the indicating of the United States Personal Securities Litigation Reform Act of 1995 and other applicable United States risk-free harbors. All these types of ahead-wanting info and statements are designed and disclosed in reliance upon the risk-free harbor provisions of applicable Canadian and United States securities legislation. Ahead-looking facts and statements include all facts and statements concerning CGI’s intentions, ideas, anticipations, beliefs, goals, future overall performance, and system, as very well as any other information or statements that relate to potential situations or instances and which do not instantly and completely relate to historical specifics. Ahead-on the lookout information and statements normally but not often use text this sort of as “feel”, “estimate”, “expect”, “intend”, “foresee”, “foresee”, “system”, “forecast”, “task”, “goal”, “seek out”, “strive”, “prospective”, “continue”, “goal”, “could”, “might”, “could”, “should”, and very similar expressions and versions thereof. These information and statements are based on our notion of historic developments, existing ailments and predicted potential developments, as well as other assumptions, both of those standard and precise, that we believe that are acceptable in the circumstances. Such info and statements are, even so, by their very nature, matter to inherent challenges and uncertainties, of which lots of are past the regulate of CGI, and which give increase to the possibility that true success could vary materially from our anticipations expressed in, or implied by, such ahead-seeking data or ahead-on the lookout statements. These hazards and uncertainties include things like but are not limited to: dangers similar to the market such as the level of business activity of our clients, which is influenced by financial problems, and our capability to negotiate new contracts threats linked to our marketplace these kinds of as competitors and our capacity to appeal to and keep competent staff, to develop and expand our companies, to penetrate new markets, and to protect our mental property legal rights pitfalls relevant to our organization these as hazards connected with our growth tactic, like the integration of new operations, financial and operational challenges inherent in all over the world operations, overseas trade hazards, earnings tax legal guidelines, our capacity to negotiate favorable contractual phrases, to produce our products and services and to gather receivables, and the reputational and economical challenges attendant to cybersecurity breaches and other incidents as well as other challenges discovered or included by reference in this push release, in CGI’s annual and quarterly MD&A and in other paperwork that we make public, such as our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Trade Commission (on EDGAR at www.sec.gov). Until usually said, the forward-on the lookout information and statements contained in this push launch are created as of the day hereof and CGI disclaims any intention or obligation to publicly update or revise any ahead-hunting information or ahead-wanting statements, whether as a final result of new information and facts, potential occasions or otherwise, other than as expected by relevant legislation. While we imagine that our assumptions on which these ahead-hunting data and ahead-looking statements are centered were sensible as at the day of this press launch, visitors are cautioned not to put undue reliance on these forward-wanting information or statements. Furthermore, audience are reminded that ahead-seeking data and statements are presented for the sole purpose of assisting traders and other people in knowing our aims, strategic priorities and enterprise outlook as very well as our anticipated working natural environment. Readers are cautioned that these info may not be appropriate for other needs. Even further information on the dangers that could result in our true success to vary noticeably from our latest anticipations may possibly be observed in the portion titled “Chance Setting” of CGI’s yearly and quarterly MD&A, which is included by reference in this cautionary assertion. We also warning readers that the above-stated hazards and the threats disclosed in CGI’s yearly and quarterly MD&A and other documents and filings are not the only kinds that could have an affect on us. Further hazards and uncertainties not currently acknowledged to us or that we currently deem to be immaterial could also have a substance adverse influence on our monetary posture, monetary performance, funds flows, business or name.
– Lancer to function as a independently managed Division of Core Specialty, retaining the Lancer model and administration group
– Furthers Core Specialty’s momentum in building the primary specialty coverage enterprise
– Dave Delaney, Lancer’s CEO, joins the Main Specialty Board
– Deepens Main Specialty’s participation in the industrial vehicle current market, in which fees have been escalating
– Pro forma funds exceeds $1.1 billion
CINCINNATI, Ohio and Lengthy Beach, N.Y., Dec. 31, 2021 /PRNewswire/ — Core Specialty Insurance policy Holdings, Inc. and its subsidiaries (“Main Specialty” or the “Organization”) and Lancer Insurance Firm (“Lancer”), both equally specialty assets and casualty (“P&C”) insurers, announced these days the completion of the merger combining the organizations in a inventory and hard cash transaction, which was formerly announced on April 16, 2021. Lancer provides Main Specialty around 35 many years of specialty industrial car know-how that extends the capabilities of Main Specialty’s existing diversified assortment of specialty P&C insurance merchandise. This mixture joins two extremely complementary enterprises with a shared strategic vision to turn into the major specialty P&C insurance company. The businesses formerly partnered in January 2021 to start a new excessive transportation method. The write-up-merger Main Specialty will be a further diversified corporation with an eye-catching company profile, a clean up equilibrium sheet and more than $1.1 billion in fairness capital.
(PRNewsfoto/Core Specialty Insurance plan Holdings)
This merger with Lancer marks Main Specialty’s to start with merger or acquisition considering that the recapitalization of StarStone U.S. in November 2020. The combined Lancer and Main Specialty have somewhere around 600 overall workers. Lancer, which has been a top provider of premier specialty insurance policy alternatives to corporations and commercial transportation corporations across the U.S. for over 35 yrs, will retain its model, management crew and working places. Lancer and Core Specialty are working collectively to make certain all policyholders go on to obtain field-leading products and solutions and services, and to align the combined functions in the ideal pursuits of consumers, brokers, brokers, and staff. Main Specialty operates by way of a company unit philosophy that makes it possible for its Divisions community decision-building for underwriting, claims, and plan servicing with a high degree of autonomy and total accountability.
Lancer shareholders been given a blend of Main Specialty popular shares, desired shares and money in the merger. The newly issued Main Specialty chosen shares will mandatorily transform into prevalent shares upon a Core Specialty original community presenting or selected other specified gatherings. In addition, Lancer’s current shareholders will keep the fiscal effects of improvement on Lancer’s present reserves for losses and reduction adjustment fees about a 5-calendar year period of time in a specified symmetrical variety. The transaction is anticipated to be accretive to Main Specialty’s earnings for each share and return on fairness in 2022.
Jeff Consolino will carry on to direct the put together organization as President and CEO and Ed Noonan will go on as Core Specialty Executive Chairman. Dave Delaney, Lancer’s CEO, has joined the Board of Main Specialty and will work intently with Mr. Consolino and senior members of the Lancer and Core Specialty teams in the integration of the enterprises. The Main Specialty Board of Directors will comprise the recent Board with the addition of Mr. Delaney. Matthew Jenkins, Lancer’s President & Chief Working Officer, will serve as President of Core Specialty’s Lancer Division.
Jeff Consolino stated: “From conception, Main Specialty’s eyesight has been to become the main specialty insurance provider and the Lancer merger continues our very strong development in our mission. Main Specialty has the cash to acquire on possibility, the underwriting expertise in place, a confirmed and decisive leadership workforce and a track report of making issues take place speedy. Collectively and in just about every of our expert niche business enterprise units, we intend to work with strong entrepreneurial spirit and generate, pace, agility, and empowered decision-building.
Lancer is a leader in the specialty transportation current market with a very long monitor history and a senior administration crew we know and admire. Lancer will operate as Main Specialty’s ninth specialty P&C business device.”
Dave Delaney, Co-Founder and CEO of Lancer, claimed, “All of us at Lancer are enthusiastic to be a part of forces with Core Specialty. Core Specialty’s administration group is remarkable, and our friendship with Jeff Consolino, Ed Noonan and users of Main Specialty’s Board goes back again a really lengthy way. I have no doubt Lancer and Main Specialty’s blended running and economic sources will produce huge progress options for our shareholders, staff, policyholders and distribution companions.”
“I have identified Dave Delaney for about 30 years. He is an great specialty P&C insurance policy operator, and I am energized that he will be signing up for the Main Specialty Board. We have assembled a Board for Main Specialty comprised of organization founders and organization builders which we believe is next to none, and Dave’s abilities will insert meaningfully to our Board. We are also delighted and honored that following many years of creating Lancer as an impartial, family members-managed business that Dave and his co-shareholders have the self confidence in Main Specialty’s management, business enterprise plan and investors to exchange their Lancer fairness for the chance to be part of their long term potential customers with ours,” said Ed Noonan, Government Chairman of Core Specialty.
Core Specialty Update
Considering the fact that the June 30, 2020 arrangement by Core Specialty to recapitalize StarStone U.S., the Business has developed from 4 organization models to 9 as a result of: forming a new Excessive & Surplus House Division, creating a Marine and Electricity Division from the StarStone London managed organization, separating and choosing new management for our Problems and Omissions Experienced Liability and D&O Management Specialist Legal responsibility Divisions, initiating an Agriculture Division and finishing the Lancer merger.
Core Specialty’s gross top quality published for the twelve-month interval ended September 30, 2021 was $1.7 billion and professional forma for the Lancer merger would be $1.9 billion.
About Core Specialty
Main Specialty features a diversified vary of residence and casualty coverage items for small to midsized organizations. From its underwriting offices spanning the U.S., the Business focuses on specialized niche marketplaces, community distribution, and excellent underwriting know-how supplying common as nicely as impressive insurance options to fulfill the requires of its shoppers and brokers. Core Specialty is an insurance plan keeping business running through StarStone Specialty Insurance coverage Enterprise, a U.S. surplus and surplus lines insurer, and StarStone National Coverage Firm, a U.S. admitted marketplaces insurer. The Business is rated A- (Superb) by AM Finest. For more info about Core Specialty, be sure to go to www.corespecialty.com.
About Lancer Insurance plan Enterprise
Lancer Insurance policies Company has been a leading company of premier specialty coverage methods to corporations and industrial transportation firms across the U.S. for around 35 decades, leveraging a community of about 2,000 broker interactions. Lancer specializes in auto liability, physical damage, cargo and common legal responsibility coverages. Lancer has continuously obtained an A- (Exceptional) score for economic strength and steadiness by AM Finest, a person of the most acknowledged ranking methods in the insurance coverage business. Be sure to take a look at www.lancerinsurance.com for far more data.
Make contact with: Sam Reinhardt Affiliate Vice President Prosek Partners +1 646 818 9244 sreinhardt@prosek.com
HONG KONG & SINGAPORE & AUCKLAND, New Zealand, November 29, 2021–(BUSINESS WIRE)–Tricor Group (Tricor), Asia’s leading business expansion specialist, has received regulatory approval and completed its acquisition of NZGT Holding Company Limited (NZGT Holdings) together with its wholly owned subsidiaries The New Zealand Guardian Trust Company Limited(Guardian Trust) and Covenant Trustee Services Limited (Covenant) from Complectus Limited on November 25, 2021.
Tricor is the largest pure-play corporate services platform in Asia Pacific, serving over 50,000 client entities across its 21-market footprint. A positive move for Guardian Trust and Covenant, this acquisition will see the group and its New Zealand clients benefit from Tricor’s significant financial backing and global best practices.
Guardian Trust and Covenant are the leading providers of corporate supervisory services with over NZ$250 billion in funds under supervision. Guardian Trust has operated in New Zealand for over 125 years. Guardian Trust and Covenant will continue to grow its team and capabilities through further investment by Tricor Group. Day to day operations remain unchanged.
Tricor’s Global Corporate Trust business will operate and serve clients across five global markets including Hong Kong SAR, Beijing, Singapore, the UK and New Zealand.
Lennard Yong, Tricor Group CEO, said: “I am pleased to welcome Guardian Trust and Covenant to Tricor Group. This acquisition broadens our footprint in ANZ and places Tricor in an enhanced position to better serve our clients. The addition of Guardian Trust and Covenant significantly strengthens Tricor’s global corporate trust practice with market-leading and differentiated trust solutions in New Zealand and across Australasia and Asia-Pacific. We are very grateful for the approval to be stewards of these two leading institutions. Our goal is to support the management team led by Harry Koprivcic and to grow these businesses within their respective markets and to add to our regional corporate trust platform in Asia Pacific.”
David Naphtali and Jonathan Hatch, Co-Managing Directors of Madison Pacific, A Tricor Company, leading the integration of Guardian Trust and Covenant into the Tricor Corporate Trust Business Division, said: “We look forward to working with the fantastic team to bolster the corporate trust solutions we can provide our corporate clients across Asia Pacific and the UK.”
Harry Koprivcic, CEO of NZGT Holdings, said: “As a leading corporate trustee in New Zealand, we are starting a new chapter by becoming part of a large global entity. Enhanced by the capabilities of Tricor, we will continue to deliver exceptional corporate solutions to our clients.”
About Tricor Group
Tricor Group (Tricor) is Asia’s leading business expansion specialist, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, and governance advisory. Tricor provides the building blocks for clients’ business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has ~50,000 clients globally (including ~20,000 clients in Mainland China), a staff strength of over 2,800 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 2,000 listed companies in Hong Kong SAR, Mainland China, Singapore and Malaysia, and more than 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.
Complectus was established in 2014 and is the dominant and most innovative fiduciary services group in the New Zealand market.
About Guardian Trust and Covenant
Guardian Trust and Covenant have a market-leading position and are experienced in all aspects of corporate trust work. They are leading providers of corporate trustee services to the New Zealand market. Guardian Trust has been recognized by KangaNews as the leading provider of trustee services by being awarded the New Zealand Trustee of the Year for four years running.
HONG KONG SAR (GROUP OFFICE) Sunshine Farzan Tricor Services Limited Group Head of Marketing & Communications Tel: +852 2980 1261 Email: Sunshine.Farzan@hk.tricorglobal.com
NEW ZEALAND Laura Air Alexander PR Group Account Director Tel: +64 21 259 3242 Email: laura@alexanderpr.co.nz
