Business Wire

Wings Capital Partners LLC Announces Closing of $500,000,000 Secured Loan Facility

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Wings Capital Partners LLC (“Wings”) announced today the closing of a $500 million secured loan facility with a syndicate of four major international banks. The five-year loan facility contains a two-year acquisition period and can be upsized to $750 million. The facility will be used to acquire a portfolio of predominantly young, in-demand, narrow-body commercial jet aircraft.

The lending group consists of Goldman Sachs Bank USA, Credit Agricole Securities, Natixis S.A. and Royal Bank of Canada. Goldman Sachs Bank USA acted as structuring agent for the facility.

“We are very pleased with the closing of this transaction. It provides access to efficient debt capital that allows Wings to execute on its business plan. Wings remains committed to the aviation leasing sector and the facility will support our growth initiatives for the platform. The support from our banking partners demonstrates the confidence the financial community has in our capabilities and business model,” said Jakob Gallagher, Vice President – Treasurer & Capital Markets.

About Wings Capital Partners

Wings Capital Partners LLC (Wings) is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines around the world. Led by best in class management team with significant aviation leasing experience (33 years average for senior team) and long-standing airline, lessor, banking, investor and legal relationships.

Wings is owned by active investors, Corrum Capital Management, Sightway Capital, a Two Sigma Company, and the Wings Management Team.

Contacts

Cathy Egan

info@wingscap.com

Piper Sandler Expands Global Financial Sponsors Group with Addition of Christian Hess

MINNEAPOLIS–(BUSINESS WIRE)–$PIPRPiper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Christian Hess. He is joining the London office as a managing director and European head of financial sponsors.

Hess brings over 30 years of experience and a proven track record in successfully developing and managing relationships with private equity firms spanning across the mid-cap and large-cap sponsor universe. Prior to joining Piper Sandler, Hess served six years at Investec as a private equity client group head. Prior to that, he served 16 years at UBS, where he co-founded and led the European financial sponsors and served as head of investment banking coverage, EMEA.

Piper Sandler global head of financial sponsors, David Lee, said “With the addition of Christian, we are extending our highly successful North American financial sponsors coverage model in Europe. Not only will Christian enhance the firm’s connectivity with key European sponsors and family offices, but as the number of cross-border transactions continues to rise, he will play a critical role in helping the firm better serve our domestic sponsor client base with actionable deal flow and relevant geographic insights.”

Peter Hall, head of European investment banking, said “Christian’s UK and pan-European experience will benefit both the firm and our private equity clients. As we grow Piper Sandler’s European sector capabilities in healthcare, energy, chemicals, consumer, technology, industrial services and financial services, a coordinated sponsor coverage effort will be hugely additive. We look forward to leveraging Christian’s deep relationships and strategic insights for the benefit of our clients.”

Hess is trilingual in German, English and French and read law and Betriebswirtschaftslehre at Hamburg University before graduating with first class honors from EAP – European School of Management.

ABOUT PIPER SANDLER

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

©2021. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036

Contacts

Pamela Steensland

Tel: 612 303-8185

pamela.steensland@psc.com

Allegion Schedules Conference Call, Webcast to Announce 2021 Third-Quarter Results

DUBLIN–(BUSINESS WIRE)–Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will release its 2021 third-quarter financial results on Thursday, Oct. 21, 2021, before the market opens.

Later that morning, David D. Petratis, chairman, president and CEO, and Patrick Shannon, senior vice president and chief financial officer, will conduct a conference call for analysts and investors, beginning at 8 a.m. ET, to review the company’s results.

A real-time, listen-only webcast of the conference call will be broadcast live, through the company’s website at investor.allegion.com. The conference call may be accessed by dialing 877-883-0383 in the United States or 412-902-6506 internationally and entering Conference ID 2082589. Listeners should dial in at least 10 minutes prior to the start of the call.

For those unable to listen to the live event, a replay will be available on the company’s website later that day.

About Allegion

Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.7 billion in revenue in 2020, and its security products are sold around the world.

For more, visit www.allegion.com.

Contacts

Media Contact:
Whitney Moorman – Reputation Management Leader

317-810-3241

Whitney.Moorman@allegion.com

Analyst Contact:
Tom Martineau – Vice President, Investor Relations, and Treasurer

317-810-3759

Tom.Martineau@allegion.com

 AXIS Capital Declares Quarterly Dividends

PEMBROKE, Bermuda–(BUSINESS WIRE)–$AXS–AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.42 per common share payable on October 15, 2021 to shareholders of record at the close of business on October 4, 2021.

In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share) payable on October 15, 2021 to shareholders of record at the close of business on October 4, 2021.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity of $5.4 billion at June 30, 2021 and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Follow AXIS Capital on LinkedIn and Twitter.

Contacts

Investor Contact
Matt Rohrmann

AXIS Capital Holdings Limited

investorrelations@axiscapital.com
(212) 940-3339

Media Contact
Anna Kukowski

AXIS Capital Holdings Limited

anna.kukowski@axiscapital.com
(212) 715-3574

Audax Private Equity Portfolio Company, Emplifi, Acquires Go Instore

Go Instore’s leading, live commerce technology will augment Emplifi’s online commerce capabilities

NEW YORK–(BUSINESS WIRE)–Audax Private Equity (“Audax”) announced that its portfolio company, Emplifi, Inc. (“Emplifi”), a leading global provider of SaaS-based, omnichannel consumer experience software, has acquired SYM-SYS LTD (“Go Instore”).

Headquartered in London, UK, Go Instore is a pioneer in live commerce software. Go Instore leverages immersive HD live video to connect customers with a brand’s data driven product experts. Their leading-edge video technology provides brands with a new channel via which they can engage with and serve their customers, strengthening Emplifi’s omnichannel CX approach along all stages of the customer journey.

We are thrilled to partner with the Go Instore team and welcome their outstanding people, culture, platform, and customers into the Emplifi family,” said Emplifi CEO Mark Zablan. “This acquisition marks another important milestone on Emplifi’s path towards being the customer experience platform of choice. The addition of Go Instore’s live commerce capabilities will further enable Emplifi to provide differentiated experiences at every touchpoint along the customer journey. We’re excited to start helping brands connect and convert consumers more quickly and directly through the power of livestream video and social media.”

We are incredibly excited to join forces with Emplifi to deliver even more powerful shopping experiences across our client’s websites and social channels,” said André Hordagoda, Co-Founder, Go Instore. “Emplifi’s vision, innovation, and speed-to-market align perfectly with Go Instore.” added Aman Khurana, Co-Founder, Go Instore.

With the addition of live streaming video technology, Emplifi continues its fast-paced go-to-market strategy. Coming off the recent rebranding and fusion of Astute Solutions and Socialbakers companies, Emplifi’s acquisition of Go Instore helps strengthen its position as a global CX leader and provides brands with an end-to-end platform for social marketing, social commerce and omnichannel service and care.

ABOUT EMPLIFI

Emplifi is a leading unified CX platform that brings marketing, commerce, and care together to help businesses close the customer experience gap. More than 7,000 brands, including Delta Air Lines, Ford Motor Company, and McDonalds, rely on Emplifi to provide their customers with outstanding experiences at every touchpoint. For more information, visit www.emplifi.io.

ABOUT GO INSTORE

Go Instore is a leading provider of live commerce software. Go Instore serves over 100 global clients including Currys PC World, Marks & Spencer, Pandora, and Signet Jewelers. For more information, visit www.goinstore.com.

ABOUT AUDAX PRIVATE EQUITY

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 140 platforms and over 1,000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.

Contacts

For Audax:

Audax-SVC@SARDVERB.com
Sard Verbinnen & Co

Ivanti Launches Bespoke Partner Onboarding Service at Annual EMEA Partner Roadshow

Ivanti reignites partner relations with further reseller integration

LONDON–(BUSINESS WIRE)–Ivanti, the automation platform that discovers, manages, secures, and services IT assets from cloud to edge, today announces a white glove service to assist its partners in navigating its expanding portfolio of security offerings and unlocking new sales opportunities. The initiative will be presented to partners at Ivanti’s annual EMEA Partner Roadshow – its first in-person event since the pandemic and its recent acquisitions.

The first event of the series will take place in London on Thursday 23rd September, to initiate the engagement of resellers of Ivanti Security Solutions Group (formerly Pulse Secure) with the full spectrum of Ivanti’s integrated security product portfolio.

Ivanti’s white glove service will deliver a personalised onboarding experience to resellers and act as a “how to sell” guide to Ivanti’s industry leading mobile device management and IT asset management solutions. Currently, Ivanti Security Solutions Group partners supply customers with Zero Trust Network Access, remote access, and network access control. Enrolling in this white glove service will expand partners’ addressable markets with a diversified product portfolio. This includes patch and vulnerability management, risk assessment, Zero Sign On capabilities, device discovery, device visibility, full IT service management support and more.

Alan Finden, EMEA Channels Director, Ivanti Security Group, said: “The threat landscape has become increasingly hard for organisations to navigate. Hacks and breaches are becoming more sophisticated, while simultaneously increasing in frequency. As companies attempt to navigate this myriad of threats, IT teams are drowning in an ever-increasing number of IT and security tools. It is clear something needs to change, and an integrated approach is needed.

Through its recent acquisitions, including Pulse Secure, MobileIron, Cherwell and RiskSense, Ivanti has created a holistic zero trust security and IT service architecture to solve the problems presented to the Everywhere Workplace. Partners have the opportunity to join us on that journey and deliver an end-to-end security solution that discovers, manages, secures and services IT assets. Our onboarding service paired with our new incentives programme will enable our partners to access Ivanti’s full security portfolio so that they can offer their customers an integrated security stack.”

The EMEA Partner Roadshow agenda has been built specifically for partners. Alan will be joined by colleagues Stuart Robson-Frisby, Director EMEA Channels – Ivanti Core Products, and Jonathan Hallet, VP of EMEA Sales for Security Solutions, to discuss the expanding security portfolio, the Ivanti Partner Programme in more detail and to demonstrate the capabilities of Ivanti Neurons for Zero Trust Access. Please see the below for additional dates:

London, September 23rd, Hilton Heathrow

Madrid, October 5th, Novotel Madrid Central

Paris, October 7th, Hilton Paris Opera

Utrecht, TBC

Stockholm, TBC

Dubai, TBC

For more details of the EMEA Partner Roadshow in your region please contact your local Ivanti representative or ipn@ivanti.com.

About Ivanti

Ivanti makes the Everywhere Workplace possible. In the Everywhere Workplace, employees use myriad devices to access IT applications and data over various networks to stay productive as they work from anywhere. The Ivanti Neurons automation platform connects the company’s industry-leading unified endpoint management, zero-trust security, and enterprise service management solutions, providing a unified IT platform that enables devices to self-heal and self-secure and empowers users to self-service. Over 40,000 customers, including 78 of the Fortune 100, have chosen Ivanti to discover, manage, secure, and service their IT assets from cloud to edge, and deliver excellent end-user experiences for employees, wherever and however they work. For more information, visit www.ivanti.com and follow @GoIvanti.

Contacts

Jenny Pfleiderer

jenny.pfleiderer@ivanti.com

Hot Diamonds Announces Jewellery Collaboration With Jacqueline Jossa

LONDON–(BUSINESS WIRE)–British jewellery brand Hot Diamonds is delighted to announce it is launching a collaboration with Jacqueline Jossa.


Launching on 23 September, the 75-piece Hot Diamonds x Jac Jossa collection was inspired by a mutual desire to create a high-quality, demi-fine jewellery collection with a look perfect for layering neckwear, wristwear and stacking rings and earrings.

The contemporary gold jewellery, which offers playful layering options, features necklaces, chokers, bracelets, rings, earrings and ear cuffs and is designed to be mixed and matched together for a versatile look. Whilst every Hot Diamonds x Jac Jossa design is beautiful when worn individually, the mantra is ‘more is more’ and the collection becomes truly mesmerising when the layering starts.

The collection has three main stories: ‘Soul’ is a suite of gentle curves and organic forms; ‘Hope’ is slightly more angular, contemporary and optimistic in nature; and finally, ‘Embrace’ is a suite of chains and links to bring everything together.

Hot Diamonds is renowned for one simple, yet compelling, motif; there is at least one real diamond hand-set into each of its design. The Jac Jossa range is no different, with the precious gem set into every piece, with the exception of the chains. The demi-fine precious metals that have been hand-crafted for the range use 925 sterling silver with 18ct gold plate. A small selection of heavier chains are brass or bronze plated with 18ct Gold in order to retain an accessible price point for consumers. While mainly made of demi-fine precious metals, selected pieces feature Mother of Pearl and Malachite.

Jacqueline Jossa is an English actress and businesswoman, who rose to prominence for portraying Lauren Branning in the BBC soap opera EastEnders. She starred in the 19th series of I’m a Celebrity Get Me Out Of Here and was crowned Queen of the Jungle. In recent years she has built up a successful business, forging collaborations with online fashion retailer In The Style and cosmetics company BPerfect which saw her generate their fastest sales of all time on day of release.

Hot Diamonds products are sold in more than 500 stores nationwide as well as online. The Hot Diamonds x Jac Jossa line will be sold exclusively at www.hotdiamonds.co.uk, with prices ranging from £25 to £190.

Jacqueline Jossa: “I’ve always adored how you can express yourself through fashion and, as my own style has evolved, I love putting on jewellery as the finishing touches to a look and feeling fully dressed and put together. The pieces in the collection can be worn standalone, but you can also layer each piece, so you can be rocking one item or eight and it works. I’ve worked hard with Hot Diamonds to create a contemporary yet timeless collection of high-quality jewellery that still has an affordable price point. I want every person that wears a Hot Diamonds x Jac Jossa piece to be able to feel fantastic.”

Adryan Cresswell, Head of Commerce, Hot Diamonds: “We set about designing a collection with beauty and quality at its core and we are thrilled with the results. Hot Diamonds x Jac Jossa is a versatile collection to build and cherish over many years. We hope everyone who chooses Hot Diamonds x Jac Jossa loves it as much as we do!”

Contacts

Media Contact:
For further information and high-resolution imagery please contact:

Rebecca Banks

rebecca@revolution-communications.com
+44 7736 675123

AM Best Affirms the Credit Ratings of Seguradora Internacional de Moçambique, S.A.

LONDON–(BUSINESS WIRE)–#insuranceAM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Seguradora Internacional de Moçambique, S.A. (SIM) (Mozambique). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect SIM’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management (ERM).

SIM’s balance sheet strength is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), at year-end 2020. Capital consumption is driven primarily by asset risk arising from the company’s concentrated investment portfolio that is weighted toward domestic fixed income securities and real estate. The balance sheet strength assessment also factors in the company’s strong liquidity and prudent reserving. A partially offsetting factor is SIM’s moderate dependence on reinsurance, although the associated credit risk is managed through the use of a stable reinsurance panel of solid credit quality.

SIM has a track record of solid and stable underwriting results, in spite of challenging market conditions, as demonstrated by a five-year (2016-2020) weighted average combined ratio and return on equity of 70.4% and 24.5%, respectively. In 2020, the company’s operating performance remained strong, with a net profit before tax of MZN 1.0 billion (USD 13.5 million), despite lower economic activity and challenging market conditions as a result of the COVID-19 pandemic. SIM’s strong operating performance is supported by a good balance of earnings between underwriting and investment income.

SIM maintains a solid competitive position in its domestic market as the third-largest insurer in terms of gross written premium. However, the company’s profile is limited to Mozambique, which exposes it to very high levels of economic, political, and financial system risk. This presents challenges for the company, although AM Best expects these risks to be mitigated partly by the company’s strong market position and evolving ERM practices.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Marving Lopez
Associate Financial Analyst
+44 20 7397 4389
marving.lopez@ambest.com

Jessica Botelho-Young, CA
Associate Director, Analytics
+44 20 7397 0310
jessica.botelho@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

CORRECTING and REPLACING AMD Captures Historic-Best 16% of Server CPU Market According to Omdia Data Center Server Market Tracker

LONDON–(BUSINESS WIRE)–Third paragraph, third sentence and fourth paragraph, first sentence of release dated September 22, 2021, should read: “$21.5 billion” and “$92 billion” (instead of “$21.5 million” and “$92 million”).

The updated release reads:

AMD CAPTURES HISTORIC-BEST 16% OF SERVER CPU MARKET ACCORDING TO OMDIA DATA CENTER SERVER MARKET TRACKER

Competition in the market for high-performance semiconductors targeting data center workloads is red hot according to the latest Data Center Server Market Tracker from research group Omdia.

In the server CPU market, AMD scored its best-ever quarter from a market share and sales perspective with demand from hyperscale cloud service providers, and Google in particular, being a big contributing factor to AMD’s strong performance.

The demand for servers across all market segments remained strong in the second quarter of 2021 amidst concerns about order fulfillment due to component constraints. The industry saw 3.4 million servers shipped in the second quarter of 2021, the same amount as during the record second quarter of 2020. This was in line with Omdia’s forecast for the quarter and resulted in a total of $21.5 billion dollars of vendor revenue.

Full year server revenue is on track to grow 11 percent, reaching $92 billion. The strong revenue growth is boosted by a steady increase in server prices. Omdia continues to see servers optimized for compute- and data-intensive workloads like artificial intelligence and analytics take higher share of the annual shipments. These are configured with a pool of co-processors, more memory and faster storage.

Component shortage puts second half of 2021 shipments at risk

There is a dire shortage of some critical components like power management integrated circuits (PMICs) which could impact server shipments, particularly in the backend of the year. Server vendors have increased their component inventory levels to mitigate the shortage and limit the impact of long lead times. This short-term resolution is putting extra strain on the already stressed server component supply chain and is pushing prices up.

“Demands for semiconductors related to power management, have gone up exponentially due to proliferation of smartphones, other personal electronics devices, increasing electronics systems in cars, and Internet of Things devices. Components like PMICs are normally manufactured on an 8-inch wafer to make it competitively priced. Over the last many years there was no significant investment in 8-inch fab capacity as it was considered a low margin business. This makes it difficult to solve the supply shortage issue in the short term,” said Manoj Sukumaran, principal analyst, data center computing and networking, at Omdia. “As the supply shortage worsened this year, some companies started investing in 8-inch capacity, but considering that capacity expansion takes at least a year to be productive, it is likely that the PMIC shortage will continue until next year.”

The semiconductor wars are in full swing

Alongside AMD’s success in the server CPU market, Intel signaled it will take a new approach to CPU architecture, introducing new designs for an efficient and a performance core. The former would enable throughput efficiency and multitasking with the low voltage operation creating headroom to increase frequency and scale up performance for more demanding workloads. The performance-core design appropriately targets single-threaded application performance. Most importantly, the combination of these new microarchitectures would enable a wider range of customized CPUs that match application requirements.

As the battle of the x86 architectures continues, Arm-based CPU vendors have been making great progress in penetrating the servers of the hyperscale cloud service providers. Although Graviton deployments at AWS somewhat slowed down in 2Q20, Oracle’s deployments of servers with Ampere’s CPU ramped. We also saw good momentum for Fujitsu and Huawei’s Arm-based CPUs.

White box dominance continues as hyperscale cloud service providers grow and grow

The group of White Box Vendors, including Wiwynn, QCT (Quanta), Tyan (MiTAC), and Ingrasys (Foxconn), continued to lead the market as hyperscale cloud service providers remained steadfast in their expansion. All North American hyperscale cloud service providers increased their purchasing quarter-over-quarter with Microsoft, Amazon and Apple being particularly active. As a result, White Box Vendors gained market shares in the quarter, maintaining their lead with a 26% revenue market share.

Dell reported particularly strong performance, growing their revenue 4 percent quarter-over-quarter and 12 percent year-over-year. The vendor attributed its growth to a rebound in enterprise demand and large open RAN deals with Vodafone, Orange and Deutsche Telekom.

Omdia found an interesting development in the quarter was Inspur almost beating HPE from a server shipments perspective. The US vendor shipped just nine thousand more servers than Inspur. From a revenue perspective, though, HPE had a solid quarter with strong growth in high-performance compute and mission-critical deals. In fact, HPE indicated that their order books for high performance computing business now exceed $2.5 billion.

Worldwide data center server revenue by vendor

 

Revenue ($ million)

% change

 

2Q20

1Q21

2Q21

2Q21 vs.

1Q21

2Q21 vs.

2Q20

White Box Vendors

$5,084

$4,748

$5,566

17%

9%

Dell EMC

$3,261

$3,521

$3,655

4%

12%

HPE

$2,747

$2,586

$2,727

5%

-1%

Inspur

$2,412

$1,577

$2,285

45%

-5%

Lenovo

$1,466

$1,435

$1,652

15%

13%

IBM

$913

$815

$851

4%

-7%

Huawei

$1,270

$1,096

$820

-25%

-35%

Cisco

$822

$789

$729

-8%

-11%

Super Micro

$689

$622

$708

14%

3%

H3C

$481

$425

$518

22%

8%

Other

$1,817

$1,735

$1,972

14%

9%

Total

$20,964

$19,349

$21,482

11%

2%

Source: Omdia

“We’ve tracked the evolution of technology consumption models for many years and were not surprised by the renewed efforts of server vendors to provide their infrastructure as a service, albeit located at the premises of their customers,” said Vlad Galabov, director, cloud and data center research, at Omdia. “In the second quarter of 2021 HPE, Dell and Lenovo all reported strong traction for their individual offerings. Interestingly, HPE also delivered a supercomputer as a service. This is in line with a broader trend we see at large enterprises for lowering capital expenditure in favor of higher operating expenses.”

-ENDS-

The Omdia Data Center Server Market Tracker covers data center and edge server deployments across cloud service providers, enterprises and communication service providers. Using the report clients can identify key server configuration trends, the workloads running on them and where they are being located.

ABOUT OMDIA:

Omdia is a leading research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice and custom consulting.

Omdia was formed in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Reading. Sitting at the heart of the Informa Tech portfolio, Omdia reaches over four million technology decision makers, influencers and practitioners that form part of the wider Informa Tech community and has specialist research practices focusing on Enterprise IT, AI, Internet of Things, Communications Service Providers, Cybersecurity, Components & Devices, Media & Entertainment and Government & Manufacturing.

Stay connected with Omdia on Facebook, LinkedIn, Twitter and YouTube.

Contacts

Kate Reid

Kate.Reid@informa.com

ESI Group appoints Francis Griffiths as Executive Vice President of Sales

RUNGIS, France–(BUSINESS WIRE)–Regulatory News:

ESI Group (ISIN Code: FR0004110310, Symbol: ESI) is pleased to announce the appointment of Francis Griffiths as Executive Vice President of Sales, effective October 1st, 2021. He will report to Mike Salari, Corporate COO Revenue Generation, and join the leadership team of Cristel de Rouvray, CEO of the Group. He will be based in the United Kingdom.

Francis Griffiths, 57 years old, is a long-standing executive with more than thirty years of experience in the realms of business and technology. He has a long history of success in the global marketplace with technical and scientific software solutions and has experience with the type of transformation we are driving at ESI. He brings to ESI an impressive track record of growth in Test & Measurement, Simulation and Industrial Automation in various industries including Automotive, Aerospace, Heavy Machinery, Communications, Energy, and Electronics.

From this point onwards, Francis will be entrusted with leading and overseeing the global activities for the company’s sellers and setting the strategy for the sales organization at ESI. He will also be in charge of setting up and driving the transformation of the sales organization in accordance with the objectives of the 3-year plan, the details of which will be announced on October 5th during ESI’s Investor’s conference.

“I am extremely excited to join ESI. As a leader in virtual prototyping solutions founded on excellence in predictive physics-based modelling, ESI is uniquely positioned to partner with its customers on their digital transformation journey across the performance product life cycle. I am very confident we can accelerate delivery of ESI solutions that improve productivity, safety, lower production costs and accelerate time to market, answering the key industrial challenges. I look forward to this exciting journey, working with our leadership team, employees and many customers across the world,” declares Francis Griffiths.

Mike Salari, Corporate Chief Operating Officer – Revenue Generation of ESI Group adds: “ESI Group is undergoing one of its most transformational journeys. Attracting high-level talents like Francis to lead the sales organization will strengthen our market position with a forward-thinking growth strategy. I’m excited that Francis’ valuable experience and expertise will help ESI Group in supporting the digital transformation of our customers and becoming a recognized best-in-class company. This is a perfect timing as we will launch our new 3 Year plan (FY22-FY24) which will be announced on 5th October. We are very proud to have him on board!”

Prior to joining ESI, Francis held several roles within NI (NATI: NASDAQ) for 29 years, among them European Vice President of Sales and Senior Vice President of Global Sales, Field Marketing and Operations. More recently he founded Maiple, a start-up company focusing on Artificial Intelligence and Machine learning solutions in manufacturing and sustainable energy.

Francis holds a BEng (Hons) degree from Cardiff University in Electrical Engineering and is a Fellow of the Institute of Engineering Technology (FIET). He was awarded an Honorary Professorship at Cardiff University in 2019. Francis sits on the advisory board of FLEXIS (Smart Energy Systems Project) and is an advisor on the Cardiff University Strategic Oversight Board. He served as non-executive director of VERV, makers of the Home Energy Assistant.

Upcoming events

  • Investor Conference – October 5th, 2021
  • Q3 revenues – October 28th, 2021

About ESI Group

Founded in 1973, ESI Group envisions a world where Industry commits to bold outcomes, addressing high stakes concerns – environmental impact, safety & comfort for consumers and workers, adaptable and sustainable business models. ESI provides reliable and customized solutions anchored on predictive physics modeling and virtual prototyping expertise to allow industries to make the right decisions at the right time, while managing their complexity. Acting principally in automotive & land transportation, aerospace, defense & naval, energy and heavy industry, ESI is present in more than 20 countries, employs 1200 people around the world and reported 2020 sales of €132.6 million. ESI is headquartered in France and is listed on compartment B of Euronext Paris.

For further information, go to www.esi-group.com.

Follow ESI

http://www.esi-group.com/linkedin
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Contacts

ESI Group
Florence Barré
press@esi-group.com
+33 1 49 78 28 28

Verbatee – Press & Shareholder Relations
Jérôme Goaer, j.goaer@verbatee.com, +33 6 61 61 79 34
Aline Besselièvre, a.besselievre@verbatee.com, +33 6 61 85 10 05