Sunday, September 22, 2019

CGLytics and Glass Lewis Set a New Standard for Transparency in Equity-based Compensation

 Newly released technology tests 11 key criteria that leading proxy advisor uses to assess plans

AMSTERDAM & LONDON & SAN FRANCISCO-Friday 20 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- CGLytics, a leading global provider of governance data and analytics, and Glass Lewis, the world’s leading independent provider of governance and engagement support services, today announced the launch of Glass Lewis’ Equity Compensation Model (ECM) - a powerful new application for assessing U.S. equity-based compensation plans, available exclusively via CGLytics.

This new application provides invaluable intelligence with year-round, on-demand access to Glass Lewis’ methodology which is used to evaluate the overall favorability of current and future equity plans, including tests against 11 key criteria. Companies and investors can now instantly test, review and adjust the same individual inputs as Glass Lewis’ analysts to ensure the best compensation, engagement and voting outcomes for their respective sides.

The ECM provides companies with immediate and proactive insight into the concerns regarding current and future equity plans, which Glass Lewis highlights to more than 1,300 investors representing more than $35 trillion in assets under management. In addition, with coverage of more than 4,300 publicly traded U.S. companies, investors can assess investment risks across their portfolio with regard to current equity plans or those being proposed.

Aaron Bertinetti, SVP of Research & Engagement at Glass Lewis explains: “Our analysts research and openly engage with thousands of companies and their investors every year, building invaluable insight and governance expertise as a result. We strongly believe that good governance is good for everybody, which means we must empower the capital markets by democratizing access to our deep governance expertise in a transparent, intuitive and unconflicted manner. The ECM gives companies and investors the same governance tools we use internally and have developed over many years. It will bring greater transparency, improved governance and market confidence by fostering alignment of corporate and investor interests in compensation plans.”

The ECM is available as a stand-alone service and is only available via CGLytics and its market-leading software. Corporate issuers can test and refine their equity plans, understand the level of concern from shareholders and ultimately be successful in seeking the shareholder support required to legally grant equity compensation. On the other hand, investors can test the equity plans for companies in their portfolio, perform comprehensive benchmarking of plan costs and evaluate the risk of any potential dilution to enhance their engagement and voting decisions.

“Getting equity compensation right is a pivotal part of modernizing corporate governance. Issuers and institutional investors must be satisfied that proposed plans meet the long-term needs for the business and its shareholders. ECM will completely change the way both sides approach these challenges, setting a new benchmark for transparency in the decision-making process and driving good governance practices.” said Aniel Mahabier, CEO of CGLytics.

The offering, initially launched for the U.S. market, covers 4,300+ publicly traded U.S. firms including the Russell 3000, S&P 1500, S&P MidCap 400 and SmallCap 600.

About CGLytics

CGLytics is transforming the way corporate governance decisions are made. Combining the broadest corporate governance dataset, with the most comprehensive analytics tools, CGLytics empowers corporations, investors and professional services to instantly perform a governance health check and make better informed decisions. From unique Pay for Performance analytics and peer comparison tools, to board effectiveness insights, companies and investors have access to the most comprehensive source of governance information at their fingertips – powering the insights required for good modern governance.

About Glass Lewis

Glass Lewis, the leading independent provider of global governance and engagement support services, helps institutional investors understand and connect with companies they invest in. Glass Lewis is a trusted ally of more than 1,300 investors globally who use its high-quality, unbiased Proxy Paper research and industry-leading Viewpoint proxy vote management solution to drive value across all their governance activities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190919005349/en/

Contacts

Rob Alport, +44 2071474541


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Visa B2B Connect Expands to 32 New Countries and Announces Integration With Infosys

Expansion will help financial institutions quickly and securely process global corporate cross-border payments



SAN FRANCISCO-Saturday 21 September 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Visa Inc. (NYSE:V) today announced that its Visa B2B Connect network has doubled its reach – from 30 global trade corridors at launch in June 2019, to 62, with the goal to expand to over 100 countries in 2020.

In addition, Infosys, a global leader in next-generation digital services and consulting, is integrating with the Visa B2B Connect network to bring Visa B2B Connect platform access to their participating financial institutions worldwide.

Through this new connection, participating financial institutions worldwide can take advantage of the ability to quickly and securely process corporate cross-border payments globally through Visa B2B Connect.1

“Visa B2B Connect is a fast, secure and more efficient network, designed specifically to overcome obstacles in the cross-border corporate payments space,” said Alan Koenigsberg, global head, new payment flows, Visa Business Solutions. “We are excited to bring on Infosys and expand Visa B2B Connect to new geographies – all in a joint effort to accelerate innovation and increase efficiencies for financial institutions and their corporate clients.”

In addition to Visa’s new collaboration with Infosys, participating clients can also connect to Visa B2B Connect through Bottomline and FIS, Visa’s previously-announced hub partners.

Participating clients can now connect to Visa B2B Connect via Bottomline’s Universal Aggregator. Joint customers can take advantage of Bottomline’s modern API connectivity to effortlessly access Visa B2B Connect, and begin transacting through their existing Bottomline connections, minimizing technology adjustments.

According to a recent survey commissioned by Visa2, almost six-in-ten respondents (59%) expect overall revenues from cross-border payments to increase in the next five years as a result of faster payments. Nearly a quarter of respondents (24%) expect to see faster payments drive up revenues by as much as 25%.

Visa B2B Connect helps remove friction and time spent on cross-border corporate payments by facilitating transactions from the bank of origin directly to the beneficiary bank. The network drastically increases visibility into the transaction flow, giving buyers and suppliers an opportunity to track the status of payments from the origin bank to the destination bank in near real time.

Visa B2B Connect can also significantly reduce the time to settle funds – from potentially weeks to one to two days. It gives corporate financial institutions and their customers a clear view of fees associated with a payment, helping companies better manage their cash flow. In order to begin transacting through Visa B2B Connect, participating financial institutions around the world can connect in two ways – directly to the network or through Visa’s hub partners.

Visa B2B Connect’s unique digital identity feature tokenizes an organization’s sensitive business information, such as banking details and account numbers, giving them a unique identifier that can be used to facilitate transactions on the network. Visa B2B Connect’s digital identity feature will transform the way information is exchanged in business-to-business cross-border transactions.

“Differentiated capabilities of Visa B2B Connect and our work with early adopters is truly set to transform the speed, security and profitability for the entire ecosystem,” added Koenigsberg.

Rob Eberle, CEO and president of Bottomline said, “We are delighted to be partnering with Visa on such an important initiative. The powerful combination of our technologies and continued commitment and investment in cross-border B2B payments innovation will help ensure banks can thrive and grow in the open and faster payments world.”

“Infosys is looking forward to partnering with Visa to create new payment flows for Commercial Payments,” said Narayan Sivaram (Nans), VP, global head, cards & payments, Infosys. “We believe that through this engagement we will be able to jointly reach a large number of banks and support their cross border needs.”

To learn more about Visa B2B Connect, please visit Visa at Sibos 2019, in London, September 23-26 at stand K123. Further information is available by accessing the Visa B2B Connect: Cross-Border Payments Reimagined paper, on www.visa.com/visab2bconnect or by contacting VisaB2BConnect@visa.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

1 Availability varies by country

2 Survey commissioned by Visa Inc. and conducted among banks and corporates in 20 markets in June, 2019 by East & Partners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190920005082/en/

Contacts

Aida Hadzibegovic
ahadzibe@visa.com
415-805-4242

Permalink : https://www.aetoswire.com/news/visa-b2b-connect-expands-to-32-new-countries-and-announces-integration-with-infosys/en

Boehringer Ingelheim Partners with Inflammasome Therapeutics to Develop Novel Therapies for Patients with Retinal Diseases

 Boehringer Ingelheim strengthens its retinal disease pipeline portfolio with new co-development and license agreement

The partners aim to develop novel therapies with significantly reduced patient burden for eye diseases with limited or only insufficient treatment options using Inflammasome Therapeutics’ intravitreal drug delivery technology

Inflammasome Therapeutics is entitled to receive up to $160 million in milestone and gated development payments as well as tiered royalties and other milestones due on commercialization



INGELHEIM, Germany and NEWTON, Mass.-Friday 20 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Boehringer Ingelheim and Inflammasome Therapeutics Inc. (Inflammasome) today announced they have entered into a co-development and license agreement to develop up to three therapies for patients with retinal diseases. By combining Inflammasome’s unique intravitreal (IVT) drug delivery technologies with Boehringer Ingelheim’s compounds from its retinal disease pipeline portfolio, Boehringer Ingelheim aims to develop novel therapies for retinal diseases.

In 2019 there were an estimated 82 million patients in the seven key countries (U.S., Japan, Germany, U.K., Spain, Italy, France) affected by one of the three major forms of retinal disease: Age related macular degeneration (AMD), diabetic retinopathy (DR), and diabetic macular edema (DME). Globally, the prevalence rates of these and other retinal diseases are expected to increase over the next 10 years primarily due to aging populations and the global diabetes epidemic. Despite therapeutic advances in some disease areas during the past years, the real world results are poor, and there are no or only limited treatment options in many areas, resulting in an overall high unmet need. The collaboration between Boehringer Ingelheim and Inflammasome aims to address this challenge by using Inflammasome’s technology to deliver therapeutics in a biodegradable gel formulation into the eye.

“We are delighted to enter into a collaboration with a company of Boehringer Ingelheim’s stature,” said Paul Ashton, Chief Executive Officer of Inflammasome Therapeutics. “We look forward to working with their team to leverage our respective technologies and expertise to develop new therapies for devastating retinal diseases leading to blindness. This collaboration fits our strategy of advancing the company via both collaborations and internal development.”

“Boehringer Ingelheim is looking forward to developing Inflammasome’s novel technology for the delivery of our first-in- class retinal disease compounds working jointly with Inflammasome’s highly experienced scientific team,” said Clive R. Wood, PhD, Senior Corporate Vice President, Discovery Research at Boehringer Ingelheim. “This will enable us to develop a broad range of novel therapy options for the many patients with retinal diseases waiting urgently for better and new therapy options.”

Boehringer Ingelheim takes a holistic approach in the development of novel retinal disease therapies, targeting key mechanisms in the pathogenesis of retinal diseases. The company has built a comprehensive pipeline portfolio of next generation therapy approaches in various stages of development up to Phase 2 in macular degeneration, diabetic retinal diseases and beyond. Inflammasome’s novel delivery technology using a long-acting degradable IVT implant complements this portfolio.

Inflammasome is entitled to receive up to $160 million in up-front, research and development support and milestone gated development payments as well as tiered royalties based on future commercial sales of developed products and other milestones due on commercialization.

Please click on the link for ´Notes to Editors´and ´References´:

http://www.boehringer-ingelheim.com/press-release/collaboration-novel-therapies-retinal-diseases

View source version on businesswire.com: https://www.businesswire.com/news/home/20190920005149/en/

Contacts

Boehringer Ingelheim
Dr. Reinhard Malin
Head of Communications Innovation Unit
Boehringer Ingelheim Corporate Center GmbH
Media + PR
P: +49 6132 77-90815
reinhard.malin@boehringer-ingelheim.com

Linda Ruckel
Associate Director, Media and Corporate Reputation
Boehringer Ingelheim U.S.
Media + PR
P: + 203-791-6672
linda.ruckel@boehringer-ingelheim.com

Inflammasome Therapeutics
Bev. Jedynak
Bevlyn Consulting
+1 312 943 1123
+1 773 350 5793
blj@bevylnconsulting.com


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Rimini Street Wins Gold Stevie® Award for “Company of the Year – Computer Services” in both the 2019 American Business Awards and the 2019 International Business Awards

Company recognized for global growth and innovation, corporate social responsibility and delivering excellence in customer service



LAS VEGAS.-Saturday 21 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has been named a Gold Stevie® Award winner for Company of the Year – Computer Services in both the 2019 American Business Awards® (ABA) and the 2019 International Business Awards® (IBA). Rimini Street was also recognized with two additional Gold Stevie ABAs for Customer Service Team of the Year and Product Management Team of the Year.

Global Growth and Service Innovation

Rimini Street garnered the Gold Stevie award for Company of the Year – Computer Services in both the American and International Business award programs for its global growth and service innovation through 2018 including the expansion of its global workforce, new product and service offerings, the opening of new offices and facilities and the Company’s full year revenue growth.

Continuing to evolve and innovate its service and support offerings, the Company launched new products and services including its Application Management Services for Salesforce Sales Cloud and Service Cloud. Rimini Street also launched Rimini Street Mobility and Rimini Street Analytics solutions that cost-effectively modernize ERP systems without requiring expensive upgrades of the ERP software.

Delivering Excellence in Customer Support

Rimini Street’s Global Product Delivery team, responsible for providing thousands of tax, legal and regulatory (TLR) updates supporting millions of lines of code, was also awarded a Gold Stevie for Product Management Team of the Year. In its drive to continually improve upon its service and client satisfaction, the team transitioned from a Waterfall development process to leveraging an Agile framework, significantly improving overall efficiency and time to deliver updates. During 2018, the Global Product Delivery team provided more than 49,000 individual TLR updates to clients across 30 countries. Every update provided to a client is customized for their needs and environment.

Rimini Street’s Global Support team was also recognized with two Stevie awards for Customer Service Department of the Year, and the Company’s group vice president of Global Support, Craig Mackereth, was honored with two Stevie awards for Customer Service Executive of the Year.

In addition to the numerous award wins presented to Rimini Street’s Global Service Delivery team for delivering excellence in customer service to its clients externally, Rimini Street’s internal IT Department was recognized, winning IT Department of the Year for the team’s focus on excellence, value, and reliability, and for being a trusted partner and advisor to the Company’s global employees.

Corporate Social Responsibility Program of the Year Award

The Rimini Street Foundation was also recognized with an award, receiving a Stevie ABA for Corporate Social Responsibility Program of the Year for its “The More We Grow, the More We Can Give” program. The Foundation was launched as a reflection of the values, hearts and passion of Rimini Street and its employees. As the Company grows, it enables the Foundation to invest back into the communities where Rimini Street employees live. In 2018, Rimini Street partnered with 56 charities around the world, providing financial contributions, in-kind donations and more than 1,200 employee volunteer hours with organizations such as the Boys & Girls Club of Oakland, Balavikas School in Hyderabad, India, and Casa José Eduardo Cavichio House in Brazil.

“We are honored to be recognized by the Stevie Awards for Rimini Street’s excellent client service, our industry-leading enterprise software support model, continued company growth, and the important community work of the Rimini Street Foundation,” said Seth A. Ravin, Rimini Street CEO. “These awards recognize the high quality, ultra-responsive service we deliver to nearly 1,900 clients globally as we continuously improve and innovate our service delivery model and expand our support offerings and operations.”

About The Stevie Awards

Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. Nearly 1,900 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation (including our pending appeal of the permanent injunction) or in the government inquiry or any new litigation; the final amount and timing of any refunds from Oracle related to our litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services, Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 8, 2019, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2019 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190919005247/en/

Contacts

Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com


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Saturday, September 21, 2019

Patient Safety Leaders and Advocates Discuss Solutions to Eliminate Preventable Patient Deaths

 Stakeholders meet at Patient Safety Movement Foundation Midyear Planning meeting to plan for ZERO preventable deaths in hospitals



IRVINE, Calif. -Friday 20 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- On the same day the World Health Organization (WHO) designated World Patient Safety Day, The Patient Safety Movement Foundation’s (PSMF) Midyear Planning Meeting (MYPM) brought together more than a hundred patient safety stakeholders from across seven countries for intimate discussions about how to achieve ZERO preventable deaths in hospitals. More than 200,000 people die due to medical errors in the US each year, and more the 4.8 million worldwide.

During this important meeting, administrators, clinicians, patient safety advocates, family members and other patient safety leaders from across the healthcare ecosystem had an opportunity to share experiences and expertise to help develop solutions to eliminate preventable patient deaths.

The meeting began with a special video message from Dr. Tedros Adhanom Ghebreyesus, Director General of the WHO thanking those who have made a commitment to patient safety and challenging others to make the same commitment to support the WHO in making patient safety a global priority.

“No one should be harmed when seeking healthcare,” said Joe Kiani, PSMF founder. “Even one preventable death is one too many. World Patient Safety Day activates every stakeholder across the healthcare ecosystem to ‘Speak up for patient safety.’ I challenge you to join us and make plans to achieve ZERO.”

During the day, general sessions demonstrated to those in attendance how individuals and organizations have changed policies and processes to eliminate preventable patient deaths.

Breakout sessions focused on solutions for:

    Medication Safety/Opioid Safety (APSS #3 and #4)
    Hand-Off Communications (APSS #6)
    Neonatal Airway Safety (APSS #7 and #8)
    Early Detection and Treatment of Sepsis (APSS #9)
    Systemic Prevention and Resuscitation of In-Hospital Cardiac Arrest (APSS #10)
    Mother/Baby Falls (APSS #11 and #14)
    Embolic Events (APSS #12)
    Person and Family Engagement and Hand Hygiene (APSS #16 and #2)
    Patient Safety Curriculum (APSS #17)
    Post-Operative Delirium in Older Adults (APSS #18)

“The numbers of patients that die each year from preventable hospital errors is just not acceptable, and we know how to lower them,” said David Mayer, PSMF CEO. “Our 34 free Actionable Patient Safety Solutions (APSS) provide specific processes and guidance to help hospitals prevent medical harm. We know how to reduce the number of preventable deaths on our way to eliminating them entirely.”

About Patient Safety Movement Foundation

Each year, more than 200,000 people die unnecessarily in U.S. hospitals. Worldwide, 4.8 million lives are similarly lost. The Patient Safety Movement Foundation (PSMF) is a global non-profit that offers free tools to help achieve ZERO preventable deaths from hospital errors. The Patient Safety Movement Foundation was established through the support of the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare to reduce that number of preventable deaths to ZERO. Improving patient safety requires a collaborative effort from all stakeholders, including patients, healthcare providers, medical technology companies, government, employers, and private payers. PSMF’s World Patient Safety, Science & Technology Summit brings together the world’s best minds for thought-provoking discussions and new ideas to challenge the status quo. Our Actionable Patient Safety Solutions (APSS) provide evidence-based processes to help hospitals eliminate errors. Our Open Data Pledge encourages healthcare technology companies to share the data for which their products are purchased. Visit patientsafetymovement.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190919005264/en/

Contacts

David Kodama
Cook + Schmid
dkodama@cookandschmid.com
619-814-2370 x17



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The LYCRA Company Announces New Solutions for the Circular Economy Under Its Planet Agenda Sustainability Platform



WILMINGTON, Del. -Thursday 19 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- The LYCRA Company announced today that it is amplifying its Planet Agenda sustainability platform with the launch of LYCRA® EcoMade fiber, its first branded elastane made with pre-consumer content. The company also announced plans to convert the majority of COOLMAX® and THERMOLITE® fiber products to include recycled content by the end of 2021. The official launch will take place at Intertextile Shanghai, September 25-27.

 “The Planet Agenda platform focuses on providing insights, technologies, products, and processes that can contribute to a more sustainable industry,” says Jean Hegedus, The LYCRA Company’s sustainability director. “Planet Agenda is built around three interdependent pillars: product sustainability, manufacturing excellence, and corporate responsibility. Through these pillars, we offer a variety of sustainable solutions focused on waste reduction, safe and transparent chemical usage, garment wear life, and sustainable resources.”

The EcoMade family of recycled products now spans the majority of The LYCRA Company’s apparel brands, including LYCRA®, LYCRA® T400®, COOLMAX®, and THERMOLITE® fibers.

Earlier this year, the company announced that LYCRA® 166L fiber, which is used in wovens, has been granted Gold Level Material Health Certification from the Cradle to Cradle Products Innovation Institute. All of The LYCRA Company’s LYCRA® fiber apparel production sites are also certified for OEKO-TEX® Standard 100, in accordance with Appendix 6. A complete list of product certifications can be found online at: lycra.com/sustainability.

The LYCRA Company will be showcasing many of these innovations at the upcoming Intertextile Show in Shanghai, September 25-27. Guests are invited to visit the LYCRA® brand stand E56 in Hall 4.1, and E55 in Hall 7.2 (Denim), to see the latest sustainable options and discuss opportunities for collaboration.

About The LYCRA Company

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries, as well as specialty chemicals used in the spandex and polyurethane value chains. Headquartered in Wilmington, Delaware, The LYCRA Company is recognized worldwide for its innovative products, technical expertise, and unmatched marketing support. The LYCRA Company owns leading consumer and trade brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, L by LYCRA®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX®, TACTEL®, and TERATHANE®. While The LYCRA Company’s name is new, its legacy stretches back to 1958 with the invention of the original spandex yarn, LYCRA® fiber. Today, The LYCRA Company is focused on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. For more information, visit www.thelycracompany.com.

LYCRA®, T400®, COOLMAX®, and THERMOLITE® are trademarks of The LYCRA Company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190919005142/en/

Contacts

Karie Ford
+ 1.302.287.3095
Karie.J.Ford@lycra.com


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Citi Empowers Middle Office Clients with Flexible Investment Data Delivery

LONDON-Thursday 19 September 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Citi has upgraded its Investment Book of Record (IBOR) data delivery service to support Middle Office clients operating across multiple trading cycles. The so‑called ‘multi-slot’ IBOR solution can be customised to meet the operational needs of individual clients across their front office locations in various regions, particularly informing start-of-day trading positions and cash forecasts globally.

The enhanced IBOR solution provides clients with positions, traded and settled cash, transactions, instrument master data, foreign exchange rates and cash forecast data driven by regional valuations for listed and OTC assets. The service also includes a historically correct IBOR (HCIBOR) solution which can seamlessly integrate with existing performance and client reporting services.

“The core strength of our offering is the richness of the data, the speed of delivery, and its flexibility to meet clients’ needs, whilst being order management system, custodian and fund accountant agnostic,” said Pervaiz Panjwani, EMEA Head of Custody and Fund Services. “With a comprehensive data model, comprised of over 600 unique data elements including OTC supplemental data, backed up by Citi’s extensive control framework, we can support a wide range of investments and facilitate decision making.”

Citi’s enhanced IBOR data delivery service is now live and available as a standard part of its Middle Office Services. This enhancement coincides with the culmination of multiple years of investment in its middle office platform, a suite of highly automated and integrated capabilities that includes trade processing, asset servicing, OTC valuation and collateral management services, portfolio accounting, and performance and risk reporting.

“As our global clients expand across markets and investment types, they operate in increasingly complex environments,” said Sanjiv Sawhney, Global Head of Custody and Fund Services. “Clients will look to partner with a provider that can solve complex problems, simplify their operations and support their growth.”

With over $21.7 trillion of assets under custody and administration and the industry-leading proprietary network spanning over 60 markets, Citi’s Custody and Funds Services business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20190919005048/en/

Contacts

Media Contact:
Francesco Meucci
+44 207 508 0717
francesco.meucci@citi.com

Nina Das
+1 212 816 9267
nina.das@citi.com




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