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IT Shades
Engage & Enable
I-Bytes
Business Services
May Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................26
3. Rewards and Recognition Updates..................................................................................................................35
4. Customer Success Updates................................................................................................................................39
5. Partnership Ecosystem Updates.......................................................................................................................41
6. Miscellaneous Updates.......................................................................................................................................48
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Financial, M & A Updates
Business Services Industry
Financial, M&A Updates
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Alexandria Real Estate Equities (USA), Inc. Reports 1q20
Highlight
• Net operating income (cash basis) of $1.1 billion for 1Q20 annualized, up $204.1 million, or 22.9%, compared to 1Q19 annualized.
• 95% of our leases contain contractual annual rent escalations approximating 3%.
• 2.4% and 6.1% (cash basis) same property net operating income growth for 1Q20 over 1Q19.
• Minimal 2020 contractual lease expirations aggregating 4.0% of annual rental revenue.
• $4.0 billion of liquidity as of March 31, 2020, proforma for our additional $750.0 million unsecured senior line of credit completed in April 2020.
• Zero debt maturing until 2023.
• 10.3 years weighted-average remaining term of debt as of March 31, 2020.
• $1.0 billion issuance of forward equity sales agreements, executed in January 2020, at a public offering price of $155.00 per share, before underwriting discounts, with $500.0 million settled in March 2020.
• Investment-grade credit rating ranking in the top 10% among all publicly traded REITs, Baa1/Stable from Moody's Investors Service and BBB+/Stable from S&P Global Ratings, both as of March 31, 2020.
• Common stock dividend declared for 1Q20 of $1.03 per common share, aggregating $4.06 per common share for the twelve months ended March 31, 2020, up 26 cents, or 7%, over the twelve months
ended March 31, 2019
• $24.3 billion of total market capitalization.
• $17.0 billion of total equity capitalization.
• $4.0 billion of liquidity as of March 31, 2020, proforma for our additional $750.0 million unsecured senior line of credit completed in April 2020.
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1
Key Financial Highlights
Financial, M&A Updates
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Alliance Data(USA)Reports First Quarter Results
Highlight
• Consolidated revenue increased 4% to $1.38 billion compared to the first quarter of 2019, while
income from continuing operations decreased 83% to $30 million, due to an increase in provision
for loan loss of $404 million in the first quarter of 2020.
• EBT decreased 88% to $25 million, adjusted EBITDA, net decreased 74% to $83 million and
EPS decreased 81% to $0.63, all due to the higher provision expense.
• Revenue increased 5% to $1.18 billion benefitting from a gross yield improvement of 140 basis
points. Adjusted EBITDA, net of $47 million was down 84% due to a $404 million increase in
provision for loan loss reflecting the combined effect of our CECL implementation and
COVID-19-related impacts on our business. Net principal loss rates were 7.0% in the first
quarter, up 60 basis points year-over-year, reflecting reduced volumes.
• Revenue decreased 3% to $198 million resulting from the sale of Precima in early January
2020, which contributed $15 million in incremental revenue in last year's first quarter. Adjusting
for the sale of Precima, revenue increased $9 million, or 4%. On a constant currency basis,
revenue was flat at $203 million and adjusted EBITDA increased 7% to $59 million.
• Full Year 2020 to Benefit from $150 Million in Previously-Implemented Cost Savings;
Additional Expense Reductions Underway
Executive Commentary
Commenting on first quarter results, President and chief executive officer of Alliance Data
said, "Our performance in January and February of this year showed positive momentum,
with strong revenue growth and the benefit of cost savings programs. Favorable business
trends continued through the onset of COVID-19 in early March, resulting in revenue
growth of 4% for the first quarter paired with lower operating costs of $90 million for the
period. First quarter earnings, however, were below last year's levels, as we increased our
provision for loan loss by $404 million reflecting the adoption of CECL and the COVID-19
impact on our business, resulting in earnings before taxes of $25 million. Over $300 million
of the $404 million provision increase is due to the economic impact of COVID-19.”
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2
Key Financial Highlights
Financial, M&A Updates
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Annaly Capital Management, Inc. (USA)Reports 1st Quarter 2020
Results
Financial Highlights
• GAAP net income of ($2.57) per average common share for the quarter
• Core earnings of $0.21 per average common share for the quarter
• GAAP return on average equity of and core return on average equity of 9.27% for the
quarter
• Book value per common share of $7.50
• Economic leverage of 6.8x down from 7.2x in the prior quarter
• Declared quarterly common stock cash dividend of $0.25 per share
• $6.9 billion of unencumbered assets, including cash and unencumbered Agency MBS
of $4.6 billion
• Despite the heightened market volatility in March, repo operations were orderly with
no collateral or margining issues
• Strong capital ratio of 12.3%, up 30 basis points since the prior quarter
• Average economic cost of funds declined by 10 basis points to 1.91%
Executive Commentary
"First and foremost, our thoughts go out to all those affected by COVID-19. The
health and well-being of our staff and our community remains our first priority and
we are grateful to our talented employees who have enabled us to persevere through
this challenging time, remarked Annaly’s Chief Executive Officer and Chief
Investment Officer. In light of extreme volatility, Annaly performed well through
one of the most challenging and unique operating environments in our Company's
history. The breadth and flexibility in our investments and financing positioned us to
successfully navigate the market uncertainty and we continue to benefit from the
size of our capital base and strength of our business model. We took significant,
measured steps to fortify our balance sheet and liquidity to position ourselves for the
remainder of the year. While we continue to be cautious, we are encouraged by the
meaningful tailwinds in the mortgage market and are poised to take advantage of
upcoming investment opportunities."
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3
Key Financial Highlights
Financial, M&A Updates
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Avis Budget Group (USA)Reports First Quarter 2020 Results and
Pandemic Response Actions
First Quarter 2020 over First Quarter 2019:
• Revenues of $1.8 billion, a decrease of 9%, however, Year to Date February
Revenues were up 9%
• Net loss of $158 million, or $2.16 per diluted share and Adjusted net loss of
$103 million, or $1.40 per Adjusted diluted share
• Adjusted EBITDA loss of $87 million, however, Year to Date February
Adjusted EBITDA was up ~$60 million
• Per-Unit Fleet Costs improved 7% excluding exchange rate effects
• Available liquidity of $1.6 billion at March 31, 2020
Executive Commentary
“I am incredibly proud of our team,” said Joe Ferraro, Avis Budget Group
Interim Chief Executive Officer. “We ended February off to a record start to
the year, and in less than a week, we pivoted the entire organization to
respond to the unprecedented effects of the pandemic on our business and the
economy. Our top priority continues to be the safety of both our employees
and our customers. Our front-line employees went above and beyond to assist
people in getting home, traveling to care for loved ones or to provide essential
services, including first responders and delivery services. At the same time,
we took early and decisive actions with our fleet, disposing of 35,000 cars in
the month of March and cancelling 80% of our incoming rental vehicle orders
in the United States for the remainder of the year.”
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4
Key Financial Highlights
Financial, M&A Updates
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Boston Properties (USA)Announces First Quarter 2020 Results
Financial highlights for the first quarter include:
• Revenue grew 4% to $752.6 million as compared to revenue of $725.8 million for the first quarter ended March 31, 2019.
• Net income attributable to common shareholders was $497.5 million, or $3.20 per diluted share, compared to $98.1 million, or $0.63 per diluted share, for the quarter ended
March 31, 2019, primarily due to $2.37 per diluted share from gains on asset sales in the first quarter of 2020.
• Funds from Operations was $284.1 million, or $1.83 per diluted share, reflecting growth of 7% compared to FFO of $266.0 million, or $1.72 per diluted share, for the quarter
ended March 31, 2019.
• Completed and fully placed in-service 17Fifty Presidents Street located in Reston, Virginia on March 26, 2020. 17Fifty Presidents Street is a build-to-suit project with
approximately 276,000 net rentable square feet of Class A office space that is 100% leased to an affiliate of Leidos Holdings, Inc.
• Completed the sale of New Dominion Technology Park located in Herndon, Virginia on February 20, 2020, for a gross sale price of $256.0 million, resulting in net proceeds
of approximately $254.0 million and reported gain on sale of approximately $192.3 million.
• Completed the acquisition of the land underlying the ground lease at Platform 16 located in San Jose, California for a purchase price of approximately $74.0 million at
BXP’s Share.
• Entered into a joint venture with Alexandria Real Estate Equities to develop, own and operate approximately 1.1 million square feet of existing office and life science lab
properties in South San Francisco, California, with the opportunity for approximately 640,000 square feet of additional future development.
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5
Key Financial Highlights
Financial, M&A Updates
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Broadridge (USA)Reports Third Quarter Fiscal 2020 Results
Highlight
• Total revenues increased 2% to $1,250 million from $1,225 million in the prior year period.
• Recurring fee revenues increased 9% to $835 million from $767 million. The increase in recurring fee revenues includes 6pts of
growth from acquisitions. Organic growth was 3pts. Internal growth was neutral with positive growth in our GTO segment driven by
higher trading volumes resulting from market uncertainty related to the Covid-19 pandemic ("Covid-19"), offset by negative internal
growth in our ICS segment driven by a shift of proxy communications into the fourth quarter also as a result of Covid-19.
• Event-driven fee revenues decreased $29 million, or 43%, to $39 million, mainly from lower mutual fund proxy activity and equity
proxy contests.
• Distribution revenues decreased $6 million, or 1%, to $412 million, primarily from the decrease in event-driven fee revenues.
• Operating income was $226 million, a decrease of $7 million, or 3%. Operating income margin decreased to 18.1%, compared to
19.1% for the prior year period.
• Adjusted Operating income was $262 million, an increase of $6 million, or 3%. Adjusted Operating income margin increased to
21.0%, compared to 20.9% for the prior year period.
• The decrease in Operating income was primarily due to the impact of lower event-driven fee revenues and higher acquisition
amortization expense, partially offset by higher recurring fee revenues. The increase in Adjusted Operating income was primarily due
to the increase in recurring fee revenues more than offsetting the impact of lower event-driven fee revenues.
• Interest expense, net was $16 million, an increase of $6 million, or 62%, primarily due to an increase in interest expense from higher
borrowings related to acquisitions.
• The effective tax rate was 20.7% compared to 23.0% in the Third Quarter 2019. The effective tax rate was impacted by higher discrete
tax benefits relative to pre-tax income, including excess tax benefits of $2 million, which increased from $1 million in the Third Quarter
2019.
• Net earnings decreased 3% to $167 million and Adjusted Net earnings increased 3% to $195 million.
Executive Commentary
"Broadridge is making a real difference in this volatile and uncertain time and I have been inspired by how our associates have
stepped up to meet this incredible challenge, said Broadridge's Chief Executive Officer. The importance of what we do to power
global trading and wealth management, enable safe and effective corporate governance, and keep investors informed has never
been greater. Our scalable and resilient technology has operated flawlessly in periods of heavy market volume, our production
facilities have delivered a successful proxy season in the face of extraordinary safety measures, and we are poised to deliver more
than four times as many Virtual Shareholder Meetings as last year. We remain focused on keeping our associates safe, serving our
clients, and helping our communities. I am extremely proud of every member of the Broadridge team.”
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6
Key Financial Highlights
Financial, M&A Updates
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Brookfield Infrastructure (Canada) Reports First Quarter 2020 Results
Highlight
• Business generated FFO of $358 million for the quarter, or $0.77 of FFO per unit, which
was in-line with the prior year levels.
• FFO growth was primarily driven by organic growth of 6% and earnings associated with
$1.6 billion of capital deployed during the past year.
• Virus related impacts were primarily experienced at our port and toll road operations,
affecting results by $10 million, while the lower Brazilian Real reduced results by $17
million
• FFO from our utilities segment totaled $146 million, compared to $137 million in the prior
year. The segment delivered organic growth of 8%, reflecting the robust nature of our
contracted and regulated cash flows in this segment.
• transport segment delivered FFO of $120 million, down from $139 million in the prior
year.
• The energy segment contributed FFO of $115 million compared to $107 million in the prior
year.
• FFO from our data infrastructure segment totaled $42 million, an increase of 50% from the
prior year.
Executive Commentary
“The first quarter of 2020 brought about extraordinary challenges on a global scale. Our
results were solid as every operating business we own was deemed an essential service
and has continued operating throughout this period, said Chief Executive Officer of
Brookfield Infrastructure Partners. “As the economic recovery unfolds over the coming
quarters, we remain confident that our highly-diversified business is well-positioned
both financially and operationally. This will give us the opportunity to take advantage of
market conditions to acquire high-quality assets for deep value, as we have in the past
during periods of dislocation.”
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7
Key Financial Highlights
Financial, M&A Updates
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CBRE Group, Inc. (USA)Reports Financial Results for First-Quarter
2020
Highlight
• First-quarter 2020 adjustments increased GAAP net income by a net amount of $81.9 million.
• Adjusted net income and adjusted earnings per share decreased 5% to $254.1 million and $0.75,
respectively, compared with the prior-year period.
• Investment management revenue was $121.7 million during the first quarter, an increase of 14% (15%
local currency), largely fueled by higher carried interest, which totaled $18.3 million for the period.
• Assets under management totaled $108.1 billion at the end of the first quarter, a decrease of $4.8 billion,
or $2.6 billion in local currency, from year-end 2019. The decrease reflected valuation declines and net
outflows in the public securities portfolio as well as negative foreign currency movement.
• Development: The in-process portfolio reached a record level in first-quarter 2020, increasing by $900
million from year-end 2019 to $13.9 billion. The pipeline was unchanged during the quarter at $5.8 billion.
• Telford Homes contributed $1.1 billion to the in-process total and $1.4 billion to the pipeline total. More
than half of the in-process development is attributable to fee-development and built-to-suit projects.
• Flexible Workspace: Net investment in the start-up of Hana totaled $9.1 million for the first quarter,
modestly lower than expected. Hana has opened five facilities and Southern and executed agreements for
five additional units.
Executive Commentary
“We had a strong start to the year before the impact of Covid-19 emerged in late March, said CBRE’s
president & chief executive officer. Our results were driven by strong performance in the Advisory
Services segment, particularly property sales in continental Europe and Japan. A modest decrease in
adjusted EBITDA and adjusted earnings per share for the business as a whole was driven by our Real
Estate Investments segment, where we experienced a $27 million decline in our co-investments in the
public real estate securities portfolio.”
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8
Key Financial Highlights
Financial, M&A Updates
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Digital Realty (USA)Reports First Quarter 2020 Results
Highlights
• Reported net income available to common stockholders of $0.90 per share in
1Q20, compared to $0.46 in 1Q19
• Reported FFO per share of $0.91 in 1Q20, compared to $1.92 in 1Q19
• Reported core FFO per share of $1.53 in 1Q20, compared to $1.73 in 1Q19
• Signed total bookings during 1Q20 expected to generate $75 million of
annualized GAAP rental revenue, including a $9 million contribution from
interconnection (not including an additional $10 million signed by Interxion)
• Issued $652 million of equity under the company's ATM program, including
approximately $615 million subsequent to quarter-end
• Introduced 2020 core FFO per share outlook of $5.90-$6.10
Executive Commentary
"Our hearts go out to all those impacted by the COVID-19 global
pandemic, and our top priority is the health and safety of our employees,
customers and partners, said Digital Realty Chief Executive Officer.
Despite the challenging environment, we continued to execute on our
strategic plan, closing our highly strategic combination with Interxion as
well as the acquisition of the Westin Building in Seattle while delivering
another quarter of solid bookings. Our business is highly resilient, and we
remain confident that our global platform will continue to deliver
sustainable growth for all stakeholders."
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9
Key Financial Highlights
Financial, M&A Updates
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Extra Space Storage Inc. (USA)Reports 2020 First Quarter Results
Highlights
• Achieved net income attributable to common stockholders of $0.83 per diluted share, representing a
12.2% increase compared to the same period in 2019.
• Achieved funds from operations attributable to common stockholders and unit holders of $1.24 per
diluted share. FFO, excluding adjustments for non-cash interest, remains $1.24 per diluted share,
representing a 6.9% increase compared to the same period in 2019.
• Increased same-store revenue by 1.9% and same-store net operating income by 1.2% compared to
the same period in 2019.
• Reported same-store occupancy of 91.3% as of March 31, 2020, compared to 91.4% as of March 31,
2019.
• Acquired one operating store and one store at completion of construction for a total cost of
approximately $19.4 million.
• In conjunction with joint venture partners, acquired one operating store and two C of O stores for a
total cost of approximately $40.6 million, of which the Company invested $9.7 million.
• Added 48 store to the Company's third-party management platform. As of March 31, 2020, the
Company managed 676 stores for third parties and 249 stores in joint ventures, for a total of 925
managed stores.
• Repurchased 653,597 shares of common stock, at an average price of $79.85 per share, for a total
cost of $52.2 million.
• Paid a quarterly dividend of $0.90 per share.
Executive Commentary
CEO of Extra Space Storage Inc., commented, "Despite the impact from COVID-19, we had a
solid first quarter, with same-store revenue growth in-line with expectations and same-store NOI
and FFO growth per share ahead of expectations at 1.2% and 6.9%, respectively. We are pleased
with the durability of our need-based sector, and we have made significant efforts to continue to
operate safely during these challenging times. We are confident that our balance sheet, portfolio,
and operating platform are all prepared to navigate this uncertain landscape. Due to the impact
stay-at-home orders are having on operations across the country, and the limited visibility of
when and where they will be lifted and subsequent customer behavior, we have elected to
withdraw our 2020 annual guidance. As the situation unfolds, we may reinstate guidance later in
the year."
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10
Key Financial Highlights
Financial, M&A Updates
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FIS (USA) Reports First Quarter 2020 Results
First Quarter 2020 Results
• On a GAAP basis, revenue increased 50% to $3,078 million, primarily
driven by the July 31, 2019 acquisition of Worldpay, Inc.
• Net earnings attributable to common stockholders was $15 million or
$0.02 per diluted share.
• On an adjusted basis, organic revenue growth increased 2% over the
prior year period.
• Adjusted EBITDA margin expanded by 510 basis points over the prior
year period to 40.5%, primarily driven by the acquisition of Worldpay
and associated expense synergies.
• Adjusted net earnings were $802 million or $1.28 per diluted share.
Executive Commentary
“As a critical infrastructure provider to commerce and the financial
world, we remain intensely focused on protecting our employees and
continuing to meet the needs of our clients during this time of
worldwide uncertainty, said FIS chairman, president and chief
executive officer. “In challenging times like these, we are very
pleased with the strength and durability of our business model. We
continue to invest and innovate across our broad portfolio of banking,
capital markets and merchant solutions in order to help lift our clients
and communities while continuing to deliver value to our
shareholders.”
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11
Key Financial Highlights
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Financial, M&A Updates
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FIS (USA)Accelerates Innovation with $150 Million of New Capital for Venture
Investments
Financial technology leader FIS™ announced today that FIS Ventures, the
newly created corporate venture investment division of FIS, has launched
an effort to invest a target of $150 million in promising fintech startups over
the next three years. FIS Ventures will invest globally in early to
growth-stage fintech startups with a focus on emerging technologies such
as artificial intelligence and machine learning, digital enablement and
automation, data and analytics, security and privacy, distributed ledger
technology, and financial inclusion. In addition to capital investments, FIS
Ventures will actively partner with these companies, providing proprietary
access as appropriate to FIS’ global reach and scale, operating expertise,
diverse customers and channel partners to help fulfill their long-term
growth ambition.
Executive Commentary
“At a time when many other fintech firms are scaling back their investments, FIS is deepening its
commitment to stay at the forefront of innovative technologies that can help our clients accelerate
digital transformation and emerge even stronger from the current pandemic, said Chief growth
officer of FIS. FIS Ventures is a significant new component of our investment strategy to identify
and bring to market innovative new technologies that advance the way the world pays, banks and
invests.”
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Description
12
Financial, M&A Updates
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FLEETCOR (USA)Reports First Quarter 2020 Financial Results
Financial Results for First Quarter of 2020:
GAAP Results
• Total revenues increased 6% to $661.1 million in the first quarter of 2020, compared to $621.8
million in the first quarter of 2019.
• Net income decreased 15% to $147.1 million in the first quarter of 2020, compared to $172.1
million in the first quarter of 2019. Included in the first quarter of 2020 was a one-time loss of
$90.1 million related to a customer receivable in our foreign currency trading business.
• Net income per diluted share decreased 14% to $1.67 in the first quarter of 2020, compared to
$1.93 per diluted share in the first quarter of 2019.
• Included in the first quarter of 2020 was a $0.74 per diluted share one-time loss related to a
customer receivable in our foreign currency trading business.
Non-GAAP Results
• Adjusted net income1 increased 11% to $264.5 million in the first quarter of 2020, compared to
$238.4 million in the first quarter of 2019.
• Adjusted net income per diluted share1 increased 12% to $3.00 in the first quarter of 2020,
compared to $2.67 per diluted share in the first quarter of 2019.
Executive Commentary
“The first quarter of 2020 was another good quarter for the Company driven primarily by
solid performance in January and February, which then significantly softened in March due
to the COVID-19 virus related shut downs around the world. The macro-economic
environment came in worse than expected during the quarter, which negatively impacted
revenue by approximately $6 million versus the first quarter of 2019. In addition, due to the
extraordinary impact of the COVID-19 pandemic, our Cambridge business experienced a
$90 million, bad debt loss in the first quarter, resulting from a large client entering voluntary
bankruptcy. We view this as truly a one-off event, as the business has experienced less than
1.5% bad debt as a percentage of revenue for as far back as we have data,” said Chief
financial officer, FLEETCOR Technologies, Inc.”
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13
Key Financial Highlights
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Global Payments (USA) Reports First Quarter 2020 Results
First Quarter 2020 Summary
• GAAP revenues were $1.904 billion, compared to $883 million in
the first quarter of 2019; diluted earnings per share were $0.48
compared to $0.71 in the prior year; and operating margin was 12.8%.
• Adjusted net revenue grew to $1.729 billion, compared to $1.725
billion in the first quarter of 2019 on a combined basis.
• Adjusted earnings per share grew 18% to $1.58, compared to $1.34
in the first quarter of 2019.
• Adjusted operating margin of 39.0% expanded 300 basis points on a
combined basis.
Executive Commentary
“We continue to prioritize the health and well-being of our team
members, while also supporting our customers and safeguarding
our business during this challenging time. With the vast majority of
our nearly 24,000 people worldwide working from home since
mid-March, I am pleased our business has continued to operate
normally, statedPresident and Chief Operating Officer. We
delivered significant new competitive wins in the quarter, and we
remain on track to achieve at least $125 million in annual run-rate
revenue synergies and at least $350 million in annual run-rate
expense synergies from our transformational merger with TSYS,
providing further evidence that the execution of our pure play
payments strategy remains strong.”
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14
Key Financial Highlights
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Hertz Global Holdings (USA) Reports First Quarter 2020 Financial
Results
Highlight
• Financial results significantly impacted by COVID-19 pandemic
• Consolidated revenue of $1.9 billion, U.S. RAC revenue of $1.4
billion
• Hertz Global net loss of $356 million, Adjusted Corporate EBITDA
of negative $243 million
• Approximately $1.0 billion of unrestricted cash and cash
equivalents at March 31, 2020
Executive Commentary
"We started the year with positive momentum, extending the
strong growth trajectory of the past three years, reflecting
consistent increases in both price and volume, productivity
improvements and best-in-class fleet management, said CEO and
President. Yet in just two months, the outbreak of the coronavirus
created a major business disruption as global travel demand
dropped to almost zero and the U.S. used-car market effectively
shut down. We immediately shifted our business priorities to focus
on employee and customer safety, expense mitigation and
preserving liquidity."
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15
Key Financial Highlights
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Host Hotels & Resorts, Inc. (USA) Reports Results for First Quarter
2020
Highlights
• Total assets of $13.4 billion;
• Cash balance of approximately $2.8 billion and FF&E escrow reserves of $165 million;
• Debt balance of $5.3 billion, with no significant maturities until 2023 and monthly interest expense of
approximately $13 million;
• Has an adjusted cash balance of approximately $2.5 billion following the first quarter dividend payment
in April and other payments.
• Early in the quarter, the Company repurchased 8.9 million shares at an average price of $16.49 per share
for a total of $147 million. The Company has suspended repurchases and anticipates the suspension will
remain in effect for the remainder of 2020.
• The Company paid a regular quarterly cash dividend of $0.20 per share on its common stock on April 15,
2020 to stockholders of record as of March 31, 2020.
• The forecast ROI capital expenditures for 2020 include $180 million to $200 million for the Marriott
transformational capital program, for which Marriott will be providing operating profit guarantees of
approximately $20 million in 2020, including $2 million that was received in the first quarter of 2020.
• During the quarter, transient room nights were down 20% leading to a revenue decline of 22%. Group
room nights were down 25% with a decline in revenues of 25% for the quarter compared to the prior year.
Executive Commentary
President and Chief Executive Officer, said, “This is an unprecedented time for Host, the travel
industry, the nation, and the world. On behalf of the management team, I’d like to express our deepest
sympathies for those affected by COVID-19, as well as our gratitude for the incredible work being
done by first responders, healthcare workers, and others on the front lines. As a company, we continue
to prioritize the health and safety of our employees, guests and partners, while protecting the
long-term strength of our business. In March, as states began imposing travel restrictions and
mandatory stay-at-home orders to slow the spread of COVID-19, Host responded swiftly to the rapid
decline in lodging demand by significantly reducing expenses and further strengthening our liquidity
position. We believe the strategic actions we have taken to date will position us for success as the
nation begins to reopen in the coming months.”
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IHS Markit (UK) Acquires Catena Technologies
IHS Markit, a world leader in critical information, analytics and
solutions, announced the acquisition of Catena Technologies, a global
regulatory trade reporting firm based in Singapore.MarkitSERV
provides end-to-end trade processing and workflow solutions that
support all participants in OTC trading, from post-trade notices of
execution, trade confirmation and allocations to clearing and
reporting. Its solutions support a broad range of asset classes and
products, working continuously with the global financial industry to
ensure swift and efficient coverage of new products.The financial
impact of the transaction will be non-material on IHS Markit earnings
or earnings guidance. Terms were not disclosed.
Executive Commentary
"The acquisition of Catena is a logical extension of IHS Markit's
strategy to provide comprehensive solutions that enable our
customers to fulfill their global regulatory compliance needs, said
Senior vice president and head of Platforms and Regulatory
Compliance at IHS Markit.”
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IHS Markit (UK) invests in artificial intelligence fuel pricing provider
IHS Markit, a world leader in critical information, analytics and solutions, announced its
strategic growth investment in a2i systems, a retail fuel price management software provider
specializing in applied artificial intelligence.Denmark based a2i systems is a
privately-owned software company helping gas stations adjust their retail prices through its
PriceCast Fuel software. PriceCast Fuel applies artificial intelligence to a number of data
inputs including time-of-day, weather, traffic flow as well as consumer behavior patterns. It
detects similarities and patterns to calculate the optimal price for each gas station across a
provider’s entire network to optimize their overall business.As part of the transaction, IHS
Markit’s Oil Price Information Service, and a2i systems have agreed a long-term strategic
partnership under which OPIS and a2i clients may combine industry leading oil market
pricing data with dynamic real-time price optimization across a diverse network of retail
petrol stations.IHS Markit is a world leader in critical information, analytics and solutions
for the major industries and markets that drive economies worldwide. The company delivers
next-generation information, analytics and solutions to customers in business, finance and
government, improving their operational efficiency and providing deep insights that lead to
well-informed, confident decisions.
Executive Commentary
President of OPIS, commented, “Given the economic backdrop, getting comprehensive
market and consumer insights is becoming ever more important for the wide range of
fuel retailers in North America. OPIS has invested in the most technically-sophisticated
consumer gas behavior software, meeting the needs of the most forward-thinking fuel
marketers today and seamlessly complementing our current slate of retail data feeds and
pricing & analytic tools.”
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JLL (USA) Reports Solid First-Quarter 2020 Results
Highlights
• Record consolidated revenue of $4.1 billion and fee revenue1 of $1.5
billion, increased 9% and 15%. Americas Leasing extended
impressive trend of quarterly growth. Organic RES fee revenue
growth of 5% despite COVID-19 challenges. Double-digit increase in
facilities management fueled Corporate Solutions
• Non-cash charges related to COVID-19 significantly impact
otherwise healthy margin development
• Capital Markets showed platform strength and reflected excellent
progress on HFF integration
• LaSalle double-digit advisory fee growth reflected strong capital
raising momentum
Executive Commentary
“We entered 2020 with significant momentum, which produced
solid first quarter results,” said JLL CEO. Once again, our
Americas business had another strong quarter while our EMEA
and Asia Pacific segments showed impressive resilience as the
impact of the COVID-19 pandemic increased throughout the
quarter. We are marshalling JLL's considerable capabilities to keep
our employees safe and productive, support our communities and
serve our clients in this uncertain environment.”
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Moody's Corporation (USA) Reports Results for First Quarter 2020
Highlights
• Revenue for MIS for the first quarter of 2020 was a record $794 million, up 19% from the prior-year
period compared to an 18% increase in overall debt issuance
• Corporate finance revenue was $453 million, up 28% from the prior-year period.
• Structured finance revenue was $96 million, down 5% from the prior-year period.
• Financial institutions revenue was $125 million, up 8% from the prior-year period.
• Public, project and infrastructure finance revenue was $109 million, up 17% from the prior-year period.
• 1Q20 diluted EPS of $2.57 up 33% from 1Q19;
• adjusted diluted EPS of $2.73 up 32% 1
• FY 2020 diluted EPS and adjusted diluted EPS guidance ranges reduced to $7.25 to $7.85 and $7.80 to
$8.40, respectively due to anticipated COVID-19 impacts
• First quarter 2020 operating expenses for Moody's Corporation totaled $698 million, up 3% from the
prior-year period. The increase was limited by disciplined expense management and lower incentive
compensation accruals, partially offset by higher estimates for bad debt reserves in light of the COVID-19
crisis.
• Operating income of $592 million was up 28% from the first quarter of 2019. Adjusted operating income
of $649 million was up 25% from the prior-year period, and primarily excluded depreciation and
amortization and a non-tax-deductible loss associated with the MAKS divestiture.
• The effective tax rate for the first three months of 2020 was 13.7%, up from 9.2% in the prior-year period.
Executive Commentary
"I am incredibly proud of the dedication and hard work of our employees, which has enabled us to
provide timely services to our customers and insightful information and decision ready analysis to
governments, regulators and the broader market. Moody's purpose of enhancing market transparency
and fairness, and promoting progress through better decisions, has never been more important than
during these challenging times,said President and Chief Executive Officer of Moody's. While we had
resilient first quarter performance with impressive growth in both revenue and margins, we expect the
economic implications of COVID-19 to be more pronounced through the second half of the year.
Consequently, while we believe that Moody's position and the long-term fundamentals of our business
remain strong, we have both lowered and widened our full year 2020 adjusted diluted EPS guidance
range to reflect this higher degree of uncertainty."
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Ryder Reports (USA) First Quarter 2020 Results
First Quarter 2020
• Q1 total revenue of $2.2 billion, down 1%; Q1 operating revenue (non-GAAP) of
$1.8 billion, up 1%
• Q1 GAAP EPS from continuing operations loss of $(2.09) versus a profit of $0.87 in
prior year, reflects the impacts of previously announced change in residual value
estimates and COVID-19
• Q1 comparable EPS (non-GAAP) from continuing operations loss of $(1.38) versus a
profit of $1.11 in prior year
• Overall operating results were well ahead of management's expectations through
mid-March
• Estimated negative pre-tax earnings impact of COVID-19 in first quarter of
approximately $70 million, primarily due to $48 million of additional depreciation
resulting from an expected weaker used vehicle sales environment through year end
2020
• Substantial liquidity of $1.7 billion as of April 28 available to support operations and
fund $600 million in remaining 2020 debt maturities
Executive Commentary
“Commenting on the company's response to the challenges of COVID-19 and
current outlook, Ryder Chairman and CEO, I couldn't be prouder of the courage and
commitment of the nearly 40,000 Ryder employees. While much of the world
sheltered in place, Ryder employees reported to the front lines to ensure the safe
delivery of essential food, healthcare goods, and other critical supplies, while
adhering to new hygiene and social distancing procedures. Ryder employees are the
most critical component in our company's success and never more so than during
this unprecedented time.Through mid-March, first quarter results were well ahead of
our prior expectations; however, the COVID-19 pandemic negatively impacted
performance for the quarter. Although we cannot predict the depth and duration of
the economic impact from COVID-19, we are focused on actions to mitigate the
negative effect on our operations while continuing to serve our customers and
position the company to achieve our long-term goals.”
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Simon Property Group (USA) Reports First Quarter 2020 Results and
Provides Business Update
Results for the Quarter
• Net income attributable to common stockholders was $437.6 million, or $1.43 per diluted share, as compared to $548.5
million, or $1.78 per diluted share in 2019. Results for the first quarter of 2019 included a combined $83.6 million, or $0.24
per diluted share, of proceeds from an insurance settlement and a gain on the sale of our interest in a multi-family residential
property. The current year period includes a $19.0 million, or $0.05 per diluted share, unrealized loss in fair value of equity
instruments compared to a gain of $5.3 million, or $0.01 per diluted share, in the prior year period, from the Company's
ownership of Washington Prime Group Inc. partnership units as part of the 2014 spin-off.
• Funds from Operations ("FFO") was $980.6 million, or $2.78 per diluted share, as compared to $1.082 billion, or $3.04 per
diluted share, in the prior year period. The first quarter 2019 results also included the $0.24 per diluted share noted above. The
current year period reflects a negative impact of approximately $0.06 per diluted share (pre-tax) from the Company's
investments in retailers primarily due to store closures as a result of COVID-19.
• Comparable property Net Operating Income ("NOI") for the three months ended March 31, 2020 was flat and portfolio NOI
declined 0.2%.
• Operating statistics for the Company's combined U.S. Malls and Premium Outlets:
• Occupancy was 94.0% at March 31, 2020.
• Base minimum rent per square foot was $55.76 at March 31, 2020.
• Leasing spread per square foot for the trailing 12 months ended March 31, 2020 was $2.80, an increase of 4.6%.
• Reported retailer sales per square foot were $673 for the trailing 12 months ended March 31, 2020. This was an increase of
2.1%; however, it was impacted by the Company's temporary closure of its U.S. retail properties effective March 18, 2020. This
impact is shown by comparing the trailing 12 months ended February 29, 2020, sales per square foot of $703, an increase of
6.5%.
Executive Commentary
"Our thoughts are with everyone affected by COVID-19 and we salute all of the individuals on the front lines fighting the
pandemic, saidChairman, Chief Executive Officer and President.The Simon team is meeting these unprecedented
challenges with unwavering commitment to the safety of our employees, shoppers, retailers and the communities we
serve. We have successfully navigated challenging times throughout our company's history, and we will endure and gain
strength as we weather this disruption. The resilience of our people, our innovative business approach and our strong
balance sheet with ample liquidity will serve us well.Business was off to a good start in January and February, with
shopper traffic, tenant demand, reported retailer sales and other underlying portfolio fundamentals trending at or above
our expectations. "We quickly pivoted to address the rapid spread of COVID-19, temporarily closing U.S. properties,
reducing operating costs and increasing financial resources. We are beginning to reopen properties and are encouraged
by the consumer response thus far."
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Two Harbors Investment Corp. (USA) Reports First Quarter 2020
Financial Results
Quarterly Summary
• Incurred a Comprehensive Loss of $(2.1) billion, or $(7.63) per weighted average basic common share,
representing an annualized return on average common equity of (225.2) %.
• Reported Core Earnings of $67.6 million, or $0.25 per weighted average basic common share
• Paid interim dividend of $0.05 per common share and all first quarter preferred dividends; will continue to
evaluate our quarterly dividends based on evolving market conditions.
• Experienced unprecedented market conditions stemming from the global COVID-19 pandemic. As a result, we
took decisive action to reduce portfolio risk and amass a strong defensive liquidity position.
• Sold substantially all of our non-Agency securities, eliminating the risk of continued outsized margin calls and
ongoing funding concerns associated with the significant spread widening on these assets.
• Focused on the safety and well-being of our people by implementing mandatory work-from-home measures
across all three of our offices.
• Reported book value of $6.96 per common share.
• Incurred a Comprehensive Loss of $(2.1) billion, or $(7.63) per weighted average basic common share,
representing an annualized return on average common equity of (225.2) %.
• Reported Core Earnings of $67.6 million, or $0.25 per weighted average basic common share
• Paid interim dividend of $0.05 per common share and all first quarter preferred dividends; will continue to
evaluate our quarterly dividends based on evolving market conditions.
Executive Commentary
“The global COVID-19 health pandemic led to unprecedented market conditions in the first quarter. As a
result, we focused on raising our excess liquidity and de-risking our portfolio, stated Two Harbors’President
and Chief Executive Officer. During the quarter, we made every margin call and at March 31st had a strong
liquidity position with $1.2 billion in unrestricted cash. Going forward, while we can’t predict how this
global pandemic will play out, we are making every effort to best position our company for events outside
of our control. Despite all of the uncertainty, we believe that we can withstand future volatility and
ultimately, on the other side of this crisis, once again drive long-term stockholder value.”
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Ventas (USA) Reports 2020 First Quarter Results
Highlights
• Ventas completed the $80 million acquisition of two fully occupied life science buildings located in Raleigh, NC and
affiliated with North Carolina State University.
• Ventas generated $109 million in proceeds from loan repayments and asset dispositions in the quarter in addition to
those related to the Company’s recently established Fund described below.
• Delivering Restored MOB: Ventas is delivering in May a fully restored 66,000 square foot medical office building on
the campus of Ascension Sacred Heart Bay Hospital.
• The initial closing of the Fund generated over $600 million in net proceeds to Ventas and the Company recognized a
$223 million gain in connection with the sale of assets to the Fund.
• Balance Sheet & Liquidity: Ventas’s Net Debt to Adjusted Pro Forma EBITDA ratio improved to 5.7x as of March 31,
2020 from 6.1x at December 31, 2019.
• Increasing Financial Flexibility: The Company acted to enhance its balance sheet strength and liquidity. As a result,
Ventas has approximately $3.2 billion in cash and cash equivalents on hand as of May 6, 2020 with no commercial
paper outstanding; and its Net Debt to EBITDA ratio improved sequentially by 40 basis points to 5.7x at March 31,
2020.
• Reducing 2020 Expenditures: The Company has reduced its planned 2020 capital expenditures by $0.3 billion to
approximately $0.5 billion.
• Communicating Transparently Regarding Financial Guidance: Based on its early understanding of the potential scope
and effects of the COVID-19 pandemic, Ventas withdrew its previously issued financial guidance on March 17, 2020.
Executive Commentary
“Ventas delivered strong first quarter results, which exceeded our expectations for the enterprise and each of our
business segments. At the onset of the COVID-19 pandemic, we took swift and decisive action to ensure the
strength and stability of the Company. Our top priority remains the health and safety of all Ventas employees, the
residents and caregivers in our senior living communities, and the many others who work in or use our 1,200
healthcare sites. As a result of our unwavering efforts, Ventas will continue to serve as a reliable partner and
focused industry leader. To demonstrate our commitment to mitigating the spread of the coronavirus and further
enhancing the safety of our senior housing communities, we are providing access to COVID-19 test kits and
analysis from Mayo Clinic Laboratories at no charge to certain of our senior housing operators who need them,”
said Ventas Chairman and CEO.
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Weyerhaeuser (USA) Reports First Quarter Results
Highlights
• Net earnings of $150 million, or 20 cents per diluted share, on net sales of $1.7 billion. This
compares with a net loss of $289 million, or 39 cents per diluted share, on net sales of $1.6
billion for the same period last year.
• Excluding an after-tax benefit of $12 million for special items, the company reported first
quarter net earnings of $138 million, or 18 cents per diluted share. This compares with net
earnings before special items of $80 million for the same period last year and $23 million for
the fourth quarter of 2019.
• Adjusted EBITDA for the first quarter of 2020 was $413 million compared with $365
million for the same period last year and $260 million for the fourth quarter of 2019.
Executive Commentary
"I am proud of our first quarter performance, as each business delivered strong operating
results despite rapidly changing market conditions associated with the COVID-19
pandemic, said President and chief executive officer.I want to thank our employees for
their dedication to safety, operational excellence and serving our customers through this
uncertain and challenging environment.In late March, we took steps to enhance financial
flexibility and position Weyerhaeuser's businesses for changing market dynamics,
During the second quarter, customer market conditions have deteriorated across our
businesses, consistent with the broader macroeconomic environment. As a result, we are
taking further actions, including temporarily suspending the quarterly dividend, to
preserve liquidity and financial flexibility. Weyerhaeuser remains committed to a
balanced capital allocation philosophy that includes returning cash to shareholders
through a sustainable dividend. The board will regularly evaluate opportunities to
reinitiate an appropriate quarterly cash dividend as soon as practicable based on the
company's cash flow, liquidity, leverage, customer demand, market conditions, and the
broader macroeconomic environment."
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Solutions Updates
Business Services Industry
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Digital Realty (USA)Accelerates AI Solution Deployment
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26
Solution Description
Digital Realty, a leading global provider of data center, colocation and interconnection solutions, launched Data Hub featuring NVIDIA DGXTM
systems, which enables the rapid deployment of artificial intelligence and machine learning workloads on PlatformDIGITAL™. The Data Hub solution
accelerates digital transformation by removing data gravity barriers for enterprises. Digital Realty developed a pre-configured Data Hub footprint based
on typical customer deployment scenarios on NVIDIA DGX and DGX PODTM configurations. The Digital Realty Data Hub solution provides the
components and services that customers need to solve global coverage, capacity and connectivity needs. The solution was designed to integrate
seamlessly with pre-validated enterprise storage solutions from class-leading providers. By deploying Data Hubs on PlatformDIGITAL, enterprises
create centers of data exchange to solve global coverage, capacity and connectivity needs. These centers of data exchange are an ideal place to securely
implement organizational AI and machine learning initiatives. Delivered as part of NVIDIA DGX-Ready Data Center program, the Data Hub solution
accommodates a typical enterprise deployment of AI infrastructure to address the placement, connectivity and hosting of critical data infrastructure in
proximity to users, networks, clouds and things. This creates a unified, comprehensive solution that can be deployed in days to deliver best-in-class,
AI-ready IT infrastructure and enable consistent experience, security and resilience on global networks.
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Experian (Ireland) releases new version of its integrated digital identity and fraud risk
platform
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27
Solution Description
Experian releases new version of its integrated digital identity and fraud risk platform. The ability to confidently recognize consumers and safeguard their
digital transactions is becoming increasingly challenging for businesses. In addition, fraud threats continue to rise across the globe as fraudsters take
advantage of the COVID-19 global health crisis and rapidly shifting economic conditions. Experian’s CrossCore® combines risk-based authentication,
identity proofing and fraud detection into a single cloud platform, which means businesses can more quickly respond to an ever-changing environment. And
with flexible decisioning orchestration and advanced analytics, businesses can make real-time risk decisions throughout the customer lifecycle. The newly
released version of CrossCore will allow businesses to limit fraud losses and reduce unnecessary customer friction which can impact the bottom line.
CrossCore combines advanced analytics with Experian’s rich data assets with identity insights and capabilities from its curated partner ecosystem.
Businesses can connect any new or existing tools and systems in one place, whether it be Experian’s, our partners’ or their own. With its built-in strategy
design and enhanced workflow, fraud and compliance teams have more control to quickly adjust strategies based on evolving threats and business needs,
which helps to improve efficiency and reduce operational costs. Updates to the new version include the ability for clients to submit dynamic API request
payloads, apply progressive risk assessments, apply parallel logic, enable self-service workflow configurations and provide an online business intelligence
module to view transactional volume reports.
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Worldpay from FIS (USA)Enables One-Click Google Pay Integration for Merchants
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Solution Description
FIS™, a global leader in financial services technology, announced the addition of Google Pay to its Hosted Payment Page product for online
merchants. Because Worldpay from FIS has made the technical integration within their HPP offering, merchants can simply “turn on” Google
Pay to enable express online checkouts.As consumers worldwide increasingly turn to shopping online during the COVID-19 pandemic,
merchants who adopt digital payment methods and reduce friction in their online checkout process could see a decrease in shopping cart
abandonment. According to a recent survey from Baymard Institute, 23 percent of card abandonments during checkout were due to a “too
long/complicated checkout process.”1 By using Google Pay, a shopper no longer needs to enter their contact, payment and address details,
reducing online checkout to a few simple clicks. Google Pay’s streamlined, online experience is currently available in approximately 70
countries worldwide. Consumers using Google Pay can complete checkout in seconds by authorizing payment using their biometrics such as
fingerprint or face scan – or entering their Google account password. This development will allow Google Pay to leverage Worldpay’s wide
geographic footprint, which operates cross-border payment processing in 155 countries via 58 domestic acquiring licenses for improved
payment acceptance outcomes.
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FIS (USA)Enables States to Provide Online Grocery Shopping for SNAP Benefit
Recipients
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Solution Description
F inancial services technology leader FIS™ announced that it is assisting a number of U.S. states to enable online purchasing of food
for Supplemental Nutrition Assistance Program benefit recipients under a pilot program run by the U.S. Department of Agriculture.
As a leading provider of Electronic Benefit Transfer processing services for state-administered SNAP benefits, FIS has enabled
Washington, Oregon and Nebraska to go live on the USDA online pilot program. The states of Florida, California, Idaho and Arizona,
which contract with FIS for EBT processing services, have been approved under the USDA pilot program and are expected to be
operational with online shopping capabilities in the coming weeks. Through the USDA’s pilot program, SNAP recipients in
participating states can use their EBT cards to make online purchases of groceries through authorized retailers, including Walmart and
Amazon. Typically, EBT cards could only be used for purchases at the brick-and-mortar stores of participating retailers.
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Global Payments (USA) to Provide Credit Card Processing Services for Truist
Financial Corporation
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Solution Description
Global Payments Inc., a leading worldwide provider of payment technology and software solutions, announced that TSYS, its Issuer Solutions
business, has signed a long-term agreement with Truist Financial Corporation, to process the bank’s consumer, commercial and small business
credit card portfolios.Truist, the sixth largest commercial bank in the United States, will have access to a suite of market-leading solutions across
the TSYS product ecosystem, including the TS2® processing platform, and will also take advantage of TSYS’ card and statement production
capabilities.Truist is expected to begin conversion-related activities in late 2021 to begin utilizing TSYS’issuer processing services in 2022. Terms
of the long-term agreement were not disclosed.Global Payments Inc.is a leading pure play payments technology company delivering innovative
software and services to our customers globally. their technologies, services and employee expertise enable us to provide a broad range of solutions
that allow their customers to operate their businesses more efficiently across a variety of channels around the world. Headquartered in Georgia with
nearly 24,000 employees worldwide, Global Payments is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout
North America, Europe, Asia Pacific and Latin America.
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Johnson Controls (Ireland) introduces LUX® KONOse for senior care market
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Solution Description
Johnson Controlsannounced one of the first smart thermostat products to address the senior care market. Designed with seniors in mind, the LUX® KONOse
offers increased visibility, focused ease of use and adjustment assurance to create the best experience for residents of senior living facilities. The Energy
Star® certified thermostat is the latest innovation from the Johnson Controls brand of LUX Products, which are known for their intuitive design and
technology. The introduction of the KONOse also marks the start of an exciting new collaboration between Johnson Controls and K4Connect, a leading
technology partner for senior living communities.The KONOse is an extension of the KONO smart suite of products for commercial facilities. To increase
visibility, Johnson Controls designed the KONOse with larger primary and secondary digits as well as enhanced backlight options for ideal viewing in all
environments.And on the connectivity front, the KONOse offers a host of features to help facility managers and residents alike effortlessly control comfort
and savings. It leverages the power of the Z-wave smart home technology hub, allowing managers to easily connect all smart devices throughout the facility.
The thermostat is also compatible with the LUX app so users can make temperature and scheduling adjusts from any device.Through Johnson Controls
design partnership with K4Connect, the LUX KONOse is now part of the most advanced enterprise technology solution in senior living. Built specifically
for residents, staff and operators, K4Connect helps deliver a great experience for residents while providing insights to help operators improve their overall
business health.
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RICOH (Japan) launches RICOH Standard DNA Series of reference DNA plates that
overcome challenges in PCR testing
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32
Solution Description
Ricoh Company, Ltd. will begin marketing its newly developed the RICOH Standard DNA Series as a reference materialfor genetic testing applications
where PCR is used.The RICOH Standard DNA Series uses Ricoh's proprietary bioprinting technology to enable a specific number of DNA molecules, in
units of one, to be injected into containers used for genetic testing. This means that the accuracy of detection in PCR tests can be assured even in low
concentrations of under 100 molecules.Previously Ricoh supplied reference DNA plates for noroviruses, but it has now expanded the use of this product by
developing reference DNA plates for specific types of viruses, including novel coronavirus. Currently, these are only available in Japan.In principle, PCR is
a high-performance genetic testing method that can detect DNA even at the level of a single molecule by amplifying it. In reality, extremely small amounts
of DNA cannot be detected in some tests because of inadequate precision control in the apparatus or imperfect performance and quality of reagents.
Therefore, “false negatives” occur, where viruses cannot be detected even though the person is infected, and this makes accurate diagnosis of viral diseases
challenging.The accuracy of PCR tests is determined by their sensitivity and specificity. Sensitivity refers to the proportion of cases in which people infected
with the virus are correctly identified as “positive". Specificity refers to the proportion of cases in which people who are not infected with the virus are
correctly identified as "negative.” One of the reasons for inaccurate detection may be insufficient verification of the sensitivity and specificity of the PCR
test.
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Epson (Japan) Launches Power-efficient 32-bit Microcontroller with an
Arm®Cortex®-M0+ Processor
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33
Solution Description
Seiko Epson Corporation will add a new microcontroller unit to the company's S1C31W series of MCUs. The S1C31W73 has an Arm®Cortex®-M0+
processor and on-chip Flash memory. Epson plans to produce 200,000 units per month when volume production begins in July 2020.The number of functions
provided in electronic equipment has been growing in recent years, and program sizes are increasing, as the amount of information is displayed. Meanwhile,
equipment manufacturers need either maintain or further shrink the size of their products, making it essential to reduce the number of parts and save board
space.To solve these problems, Epson developed the S1C31W73, a single-chip microcontroller that has 384 kB of built-in Flash memory and a liquid crystal
driver that can directly drive a display of up to 2,560 dots. By combining Epson's strong microcontroller display driver technology with the proven
Arm®Cortex®-M0+ processor, Epson will help customers to increase the functionality and performance of their products while also reducing their
development burden.The S1C31W73 offer a wide range of built-in peripherals, including a USB 2.0 full-speed device controller, real-time clock, various
timers, an A/D converter, and a temperature sensor. The low current consumption of this MCU-1.2 µA in RTC mode and a driving current of 150
µA/MHz-makes it ideal for extending the battery life of wearable products and for office equipment that can communicate with PCs over USB. The
S1C31W73 can also be used in industrial equipment and measuring instruments because it operates at temperatures up to 105℃ (the highest operating
temperature yet for an Epson MCU) and at voltages between 1.8 V and 5.5 V.
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VERISK (USA): M Financial Group Licenses FAST Software to Enable New Digital
Ecosystem for Member Firms
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34
Solution Description
FAST, a Verisk business, announced that M Financial Group has licensed FAST software to help provide innovative products to its
Member Firms and their clients. M Financial, a leading distributor of life insurance products and services, will use FAST software
togenerate additional growth opportunities by developing and offering unique product solutions. The software, hosted by FAST, will
serve as a key component of M Financials’ plan to accelerate its digital transformation and enhance the experience of its Member Firms
and customers.Verisk, which acquired FAST in December, has developed a suite of solutions that apply advanced analytics, automation,
and machine learning to current and emerging data sources. The solutions are designed to transform existing workflows in life insurance
underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modelling. With 146
Member Firms in 36 states and the United Kingdom, M Financial Group is one of the nation’s leading financial services design and
distribution companies. Since 1978, M’s network of independent insurance, investment, and executive benefit firms has served the needs
of high net worth individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies.
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Boston Properties (USA)Earns 2020 ENERGY STAR® Partner of the Year
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35
Boston Properties, Inc., the largest publicly-traded developer, owner and manager of Class A office properties in the United States, has been selected as a 2020
ENERGY STAR® Partner of the Year. Earning an ENERGY STAR Partner of the Year Award distinguishes corporate energy management programs and is the
highest level of EPA recognition. Partners must perform at a superior level of energy management, demonstrate best practices across the organization and prove
organization-wide energy savings. BXP is a well-established leader in energy efficiency and has widely adopted public energy use intensity reduction goals. The
Company has reduced the energy use intensity of its actively-managed office buildings 27 percent and has a standing goal to reduce energy use intensity 32 percent
by 2025. In 2019, 45 BXP buildings earned the ENERGY STAR rating and the Company achieved an average ENERGY STAR score of 71 across its
actively-managed and eligible in-service portfolio. In addition to the recent ENERGY STAR Partner of the Year Award, BXP’s commitment to sustainable
development and operations has been recognized by numerous industry groups. BXP ranked among the top 4% of worldwide participants in the 2019 Global Real
Estate Sustainability Benchmark; for the eighth straight year the Company earned a GRESB “Green Star” and achieved the highest GRESB 5-star Rating. LEED
certified properties now total 24.3 million square feet, more than half of BXP’s actively-managed office portfolio, 96% of which are certified at the highest Gold
and Platinum levels. BXP was also named one of America’s Most Responsible Companies by Newsweek magazine, ranking 122nd on Newsweek's 2020 list of
America’s 300 Most Responsible Companies, the second highest ranking given to a public REIT and the highest ranking of any office company.
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CBRE (USA)Named An “All Star” Outsourcing Firm, Recognized For
“Sustained Excellence”
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36
CBRE Group, Inc. announced that the company has been recognized as an “All Star” firm in IAOP®’s annual assessment of global
outsourcing companies across all industries. IAOP also recognized CBRE for “sustained excellence” for its continued high performance in
the program over the last several years. The 2020 Global Outsourcing 100 recognizes the world’s best outsourcing service providers and
advisors. This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent
review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors
for their organizations. CBRE again achieved top honors in all the program’s judging categories this year, including customer references,
awards and certifications, programs for innovation and programs for corporate social responsibility. CBRE Group, Inc., a Fortune 500 and
S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm. The company
has more than 100,000 employees and serves real estate investors and occupiers through more than 530 offices worldwide. CBRE offers a
broad range of integrated services, including facilities, transaction and project management; property management; investment management;
appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
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Moody’s (USA) Named to DiversityInc’s Top 50 List
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37
Moody’s Corporation announced that it has been named for the first time to DiversityInc’s Top 50 Companies for Diversity, premiering at
number 45 on the list. Moody’s was also recognized as a Top 29 Company for LGBT employees on DiversityInc’s specialty list.The
DiversityInc Top 50 Companies for Diversity Process is a leading assessment of diversity management for US corporations. With more than
1,000 participants, DiversityInc's rankings are empirically driven, based on company-submitted data in six key areas: leadership
accountability, human capital diversity metrics, talent programs, workforce practices, supplier diversity, and philanthropy.Moody’s promotes
a diverse and inclusive workforce globally, including through its Employee Resource Groups, which support the recruitment, development
and retention of women, minorities, LGBT people, and veterans. Through its Supplier Diversity Program, the company also makes a
concerted effort to increase its partnerships with minority suppliers.The company is also committed to supporting underserved communities
in locations where it operates. Moody’s continues to hone its Corporate Social Responsibility program to strategically focus on societal issues
that it is uniquely positioned to help address. Through Moody’s Reshape Tomorrow™ initiative, the company has developed partnerships with
nonprofits to support women-and minority-owned small business owners.
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Rentokil Initial (UK) awarded The Queen’s Award for Enterprise for Innova-
tion 2020
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38
Rentokil Initial plc is delighted to announce that it has been awarded The Queen’s Award for Enterprise for Innovation for Lumnia, the world’s first commercial range of
insect light traps that use LED lighting rather than traditional fluorescent tubes, reducing energy usage by up to 70%. For decades, the global pest control industry has
used traditional fluorescent tubes to attract flying insects into control units which are highly energy inefficient, unattractive and use tubes which contain mercury,
therefore requiring careful waste disposal.In addition to the energy and emissions reduction, another benefit of our LED technology is that the horizontal reach of UV
light emitted from the LED bulbs is 80% greater than traditional fluorescent tubes. This gives Lumnia a greater range over which it is attractive to flies while using less
power.This year’s award builds upon earlier success in 2017 when the Rentokil Initial was awarded The Queen’s Award for Enterprise for International Trade, and in
2018, when the company was awarded The Queen’s Award for Enterprise for Innovation for its PestConnect digital pest control system.Left unmanaged, a small fly
problem has the potential to develop into a severe infestation in a matter of days. Flying insects such as fruit flies, drain flies and ever-present house flies can transmit a
multitude of different pathogens, causing significant risk to health and consequent impact on a business's staff, customers and its bottom line. It is a persistent problem
across many countries and industries with:
• 11% of businesses reporting flies as a leading cause of staff illness
• 64% of businesses worrying over compensation claims caused by flies
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Digital Realty (USA)Reaches New Wind Energy Agreement to Power Texas
Data Centers
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39
Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced a
new 7.5-year power and renewable energy credit agreement with Citi to supply clean, renewable energy for Digital Realty's portfolio of
data centers in the Dallas, Texas region. This contract will advance Digital Realty's environmental and sustainability goals by supplying
approximately 30% of the company's power needs in this market. The transaction provides Digital Realty with over 260,000
megawatt-hours of renewable energy annually, which represents 55% of the wind generation project output being developed by Bearkat
Wind Energy II, LLC. The energy provided through the 162-megawatt project in Glasscock County will serve a portion of the power
needs of Digital Realty's 13 data centers in the Greater Dallas, Texas region. The wind power agreement represents another significant
step Digital Realty has taken to extend sustainability initiatives across its global portfolio. In early April, Digital Realty was named a
2020 ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency for its efforts to protect the environment through
energy efficiency achievements across its data center portfolio. In 2019, Digital Realty certified an industry-leading 29 data centers under
the ENERGY STAR program.
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Bambu Taps Next-Generation FIS (USA) Platform to Bring Mobile-Only
Banking Services to Unbanked Consumers
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40
Financial technology leader FIS™, a global leader in financial services technology, announced that fintech startup Bambu has selected FIS’
next-generation Modern Banking Platform to power a new digital banking solution for U.S. unbanked and underbanked. Memphis-based
neobankBambu has created a financial mobile banking application to provide convenient and reliable services to underbanked Hispanic and other
populations in the U.S. who lack access to bank accounts or other traditional financial services. According to the FDIC1, more than 25% of U.S.
households are either unbanked or underbanked. Bambu’s mobile solution offers FDIC-insured prepaid accounts, domestic and international bill
payments and remittances, peer-to-peer transfers, check deposits, retail cash loading and other services. As Bambu prepared to launch its new business
model to serve this consumer group, the startup needed a modern, component-based core banking platform to support its business needs. The recently
announced FIS Modern Banking Platform provides Bambu with the latest technology that delivers advanced digital functionality, flexibility and
openness along with mission-critical scalability and resiliency. Through its modular, cloud-native architecture and integration with open application
programming interfaces, the Modern Banking Platform will enable Bambu to bring new banking products to market quickly and comply with changing
bank regulations. The FIS solution will be delivered via a software as-a-service model that will allow Bambu to speed deployment while minimizing
capital investments.
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MELIÁ Hotels International Signs an Agreement with Bureau Veritas (France) To
Certify the Safe Opening of Its Hotels
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41
Meliá Hotels International, a reference in the hotel sector, and Bureau Veritas, a leader in testing, inspection and certification,
have signed an international agreement for Global Safe Site certification. This is based on "Stay Safe by Meliá", a program
for compliance with preventive health and safety measures that establishments in more than 40 countries must carry out as a
result of the COVID-19 pandemic. The certification scheme has been designed to verify that Meliá Hotels International has
correctly implemented these safety standards and hygiene and disinfection procedures at its hotels. The certification will
cover the needs of the hotel and catering industry by setting health standards at all Meliá hotels which can be applied to other
companies in the sector. A final output of the certification agreement will be the creation of an operational guide. This will
serve Meliá Hotels International as a roadmap, enabling it to rigorously apply the health and safety recommendations of the
World Health Organization and public authorities in each country.
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IHS Markit (UK), KPMG Expand Tax Solutions Alliance
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42
IHS Markit, a world leader in critical information, analytics and solutions, announced it has expanded its alliance with KPMG
for global tax solutions and services.Through the alliance, KPMG’s Information Reporting and Withholding professionals
will train end-users on the IHS Markit Tax Solutions toolset for tax form validation and due diligence, withholding,
transactional taxes, such as Section 871(m) and other operational tax solutions.IHS Markit Tax Solutions streamline tax
compliance with its secure electronic platforms reducing the resource burdens of tax, onboarding and accounts payable teams.
In-house specialists provide customers support in over 150 jurisdictions.IHS Markit is a world leader in critical information,
analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers
next-generation information, analytics and solutions to customers in business, finance and government, improving their
operational efficiency and providing deep insights that lead to well-informed, confident decisions.
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Marquette University (USA), Industry Partners Announce President’s Challenge
for Covid-19 Response
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43
Marquette University in partnership with American family insurance has announced a special President’s Challenge to address needs
in Milwaukee’s community that have been created or magnified by the COVID-19 pandemic.American Family joins the ongoing
support of Johnson Controls Foundation in developing this grant program, which provides funding for interdisciplinary teams of
faculty, staff and students from the Marquette community for innovative and collaborative work that represents critical areas in the
community’s recovery efforts. Partnerships with community organizations are highly encouraged from the ideation phase through the
development of the proposal.The President’s Challenge will support proposals with up to $50,000 of grant funding for one year and
will be selected from each of the following focus areas:
• Mental health and wellness
• Economic revitalization
• Health services
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Paychex (USA) Aligns with FinTech Providers to Help Businesses Rapidly Apply
for New Paycheck Protection Program Funding, Once Available
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44
Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions,announced it has aligned with online lending providers Biz2Credit, Fundera,
and Lendio, to offer businesses in most states the opportunity to more rapidly apply for new loan funding, once available, by beginning the application process
now.The Small Business Administration began accepting PPP loan applications on April 3 and announced the $349 billion in emergency funding for small
businesses exhausted on April 16. Through the offering with Biz2Credit, Fundera, and Lendio, Paychex clients will be able to complete the loan application while
the program awaits additional funding by Congress. During this time, Biz2Credit, Fundera, and Lendio will assist clients in preparing applications for submission
once new program funds are available.Biz2Credit, Fundera, and Lendio offer free online solutions for borrowers to complete loan applications without going into
a bank. To begin the process, employers looking to connect with approved lenders need to visit this paychex.com page, select one of the three lending networks,
fill out a short questionnaire, and securely upload required documentation, which is available via a specially designed Paychex PPP report. Having helped facilitate
the distribution of millions of PPP loan dollars already, all three platforms offer similar value with the primary difference being the selection of SBA-approved
lenders each has within its network. Customers can choose which of the three works best for them, should they have a preferred lender based on research,
recommendation, or previous experience.
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NH Hotel Group and SGS (Switzerland) Announce Collaboration on A Global
Disinfection Assessment Label
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45
NH Hotel Group, a consolidated multinational operator and one of the leading urban hotel companies in Europe and America, and SGS, the world’s leading
inspection, verification, testing and certification company, have combined their experience and knowledge in the development of a protocol of measures and
assessments, which will allow the Group's operations to be reactivated with maximum health and safety guarantees.In order to preserve the safety of travelers
and team members, as well as to comply with and generate confidence in the face of society's new expectations in terms of hygiene and protection, NH Hotel
Group and SGS are pleased to announce their collaboration on a project that redefines and extends the health protocols applicable to the operations of the
Group's hotels and that will enable them to be assessed as clean and safe environments with a view to their reopening.The new processes, which will include
the revision and adaptation of all hygiene and disinfection protocols of the facilities, specific training for employees and control and monitoring of the
measures, will be implemented in the hotels so that they are ready to receive their assessment seal as they recover their activity. Effective immediately, the
NH Collection Barbizon Palace hotel in Amsterdam, currently in operation, will be the first establishment where the company and SGS will apply these
health standards for it to be monitored.
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Radisson Hotel Group Partners with SGS (Switzerland) In Global Commitment
to Cleanliness and Hygiene
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46
Radisson Hotel Group announces its Radisson Hotels Safety Protocol, a new program of in-depth cleanliness and disinfection procedures, in partnership with SGS,
the world’s leading inspection, verification, testing and certification company.One of Radisson Hotel Group’s highest priorities is the continued health, safety and
security of its guests, team members, and business partners. The company has conducted a thorough review of all existing health and safety processes and worked
with a team of experts to develop and validate additional protocols. These enhanced protocols, operational guidance and comprehensive health and safety
procedures validated by SGS, will be adapted based on local requirements and recommendations, to ensure guests’ safety and peace of mind from check-in to
check-out. Radisson Hotels Safety Protocol will further strengthen Radisson Hotel Group’s existing rigorous sanitation, cleanliness and disinfection guidelines at
hotels globally.These guidelines include hand sanitizing stations at all entrances, the use of Personal Protective Equipment and protective screens, enhanced and
recorded cleaning and disinfection frequency, social distancing in all areas of its hotels, including in the Meeting & Event facilities, training in local, Centers for
Disease Control, or World Health Organization recommendations and health guidelines, reiteration of food safety standards and comprehensive staff training.
Radisson Hotel Group’s enhanced cleaning and disinfection guidelines have been developed in collaboration with global hygiene solutions provider, Diversey, by
uniting best-in-class cleaning and hygiene solutions with reinforced protocols and patented technology designed for healthcare.
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SGS (Switzerland) Joins Oxford University Consortium Led by The Jenner
Institute to Develop Covid-19 Vaccine
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47
SGS has joined forces with specialists in infectious diseases, research and innovation, and pharmaceuticals to rapidly develop, scale-up and produce a
potential vaccine called ChAdOx1 nCov-19.With many concluding that a vaccine is the only way of safely and effectively unlocking the world from
this pandemic, the COVID-19 Oxford Vaccine Trial could provide that crucial vaccine.This work is funded by the Rapid Research Response initiative
set up by UK Research and Innovation, and by the Department of Health and Social Care through the National Institute for Health Research and the
Oxford Biomedical Research Centre. The study has also received financial support from the Coalition for Epidemic Preparedness Innovations and the
Chinese Academy of Medical Sciences' Innovation Fund.The University of Oxford highlighted that preclinical testing of the ChAdOx1 nCoV-19
vaccine is being conducted, and development and scale-up of manufacturing to produce millions of doses is being carried out by the University of
Oxford, the Vaccine Manufacturing and Innovation Centre and other partners. Already, researchers have started screening healthy volunteers for the
upcoming vaccine trial in the Thames Valley Region.In addition to this essential collaboration, SGS is also actively involved in other confidential
vaccines and COVID-19 vaccine candidates.As pioneers in the development of the biosafety testing industry, SGS's Life Sciences team is proud to be
part of this crucial project.
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Experian (Ireland) agrees support package to help protect business credit scores
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48
Experian, and other credit reference agencies, have confirmed new guidance to minimize the impact to a business’s credit report during the Covid-19
pandemic. Lenders can now offer an ‘emergency payment freeze’ to businesses that may be worried about meeting regular payments because of the
pandemic. Once agreed, lenders should not report a build-up of arrears to the four designated CRAs - Experian, Credit safe, Dun and Bradstreet, and
Equifax ensuring the impact to business credit reports are minimized from this forbearance during the agreed timeframe. In line with the latest FCA
guidance, organizations are expected to act in the best interests of their customers and show greater flexibility at this difficult time. Lenders will decide
whether to offer affected businesses the emergency payment freeze based on their circumstances. The guidance covers both the voluntary Credit
Account Information Sharing and the Government’s mandatory Commercial Credit Data Sharing scheme, which covers Current Account Turnover data
as well as credit accounts. If a business falls behind on their payments without agreeing a payment freeze, including cancelling their direct debits, then
the usual reporting position from lenders will apply. As part of its response plan to support businesses, Experian has confirmed organizations can gain
free access to it’s My Business Profile service for three months. My Business Profile gives customers full visibility of their business credit profile,
enabling them to manage it during this difficult period.
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Us Cares Act (USA) Introduces OTC Monograph Reform
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49
The US CARES Act includes OTC Monograph provisions to reform and modernize the regulatory framework for OTC drug
products.The Coronavirus Aid, Relief, and Economic Security Act, introduced into Congress to provide economic relief for many
families and small businesses, was signed into law. Included in the CARES Act were reform measures for the Over the Counter Drug
Monograph process that attempts to reform and modernize the program.The traditional monograph process, in place since 1972, was
a multi-step and resource intensive process which required the US Food and Drug Administration to issue an Advance Notice of
Proposed Rulemaking before issuing a Tentative Final Monograph and finally publishing the Final Monograph. Between each step
was a public comment period. The reformed law allows the FDA to issue administrate orders in response to OTC Monograph Order
Requests. These requests can be either FDA or industry initiated. Additionally, new annual user fees will be assessed for any OTC
monograph drug facility.
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SGS (Switzerland) Gains Accreditation to Test and Validate Power Generating
Units Under Spain’s New Grid Connection Code
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50
SGS is leading the way in Europe after gaining Norma Tecnica de Supervision accreditation in Spain for the testing and validation of
simulation models for Power Generating Units in accordance with the EU Regulation 2016/631.The standard, which aims to assist
the roll out of renewable power generation throughout Europe, sets out requirements for new generators to be connected to the grid.
These requirements are divided into four categories depending on the power rating of the final plant and the voltage at the grid
connection point.This accreditation means SGS can test and validate simulation models for power generating units such as PV
Inverters and other components of distributed energy resources plants, such as Power Plant Controllers and STATCOM, amongst
others.SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global
benchmark for quality and integrity. With more than 94,000 employees, SGS operates a network of over 2,600 offices and
laboratories around the world.
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Business services

  • 1. IT Shades Engage & Enable I-Bytes Business Services May Edition 2020 Email us - solutions@itshades.com Website : www.itshades.com
  • 2. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com About Us Who We are Aim of this IByte Reasons to talk to us ITShades.com has been founded with singular aim of engaging and enabling the best and brightest of businesses, professionals and students with opportunities, learnings, best practices, collaboration and innovation from IT industry. This document brings together a set of latest data points and publicly available information relevant for Business Services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely. 1. Publishing of your company’s solutions/ announcements in this document. 2. Subscribe to this and other periodic publications i.e. I-Bytes, Solution Letters from ITShades.com. 3. For placement of your company's click-able logo and advertisements. 4. Feedback for us to improve the content and format of these periodic publications.
  • 3. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Sponsoring Companies for this Edition LOGO 1 LOGO 2 LOGO 3 LOGO 4 LOGO 5
  • 4. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Table of Contents 1. Financial, M & A Updates...................................................................................................................................1 2. Solution Updates................................................................................................................................................26 3. Rewards and Recognition Updates..................................................................................................................35 4. Customer Success Updates................................................................................................................................39 5. Partnership Ecosystem Updates.......................................................................................................................41 6. Miscellaneous Updates.......................................................................................................................................48
  • 5. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Financial, M & A Updates Business Services Industry
  • 6. Financial, M&A Updates IT Shades Engage & Enable Alexandria Real Estate Equities (USA), Inc. Reports 1q20 Highlight • Net operating income (cash basis) of $1.1 billion for 1Q20 annualized, up $204.1 million, or 22.9%, compared to 1Q19 annualized. • 95% of our leases contain contractual annual rent escalations approximating 3%. • 2.4% and 6.1% (cash basis) same property net operating income growth for 1Q20 over 1Q19. • Minimal 2020 contractual lease expirations aggregating 4.0% of annual rental revenue. • $4.0 billion of liquidity as of March 31, 2020, proforma for our additional $750.0 million unsecured senior line of credit completed in April 2020. • Zero debt maturing until 2023. • 10.3 years weighted-average remaining term of debt as of March 31, 2020. • $1.0 billion issuance of forward equity sales agreements, executed in January 2020, at a public offering price of $155.00 per share, before underwriting discounts, with $500.0 million settled in March 2020. • Investment-grade credit rating ranking in the top 10% among all publicly traded REITs, Baa1/Stable from Moody's Investors Service and BBB+/Stable from S&P Global Ratings, both as of March 31, 2020. • Common stock dividend declared for 1Q20 of $1.03 per common share, aggregating $4.06 per common share for the twelve months ended March 31, 2020, up 26 cents, or 7%, over the twelve months ended March 31, 2019 • $24.3 billion of total market capitalization. • $17.0 billion of total equity capitalization. • $4.0 billion of liquidity as of March 31, 2020, proforma for our additional $750.0 million unsecured senior line of credit completed in April 2020. For any queries, Please write to marketing@itshades.com 1 Key Financial Highlights
  • 7. Financial, M&A Updates IT Shades Engage & Enable Alliance Data(USA)Reports First Quarter Results Highlight • Consolidated revenue increased 4% to $1.38 billion compared to the first quarter of 2019, while income from continuing operations decreased 83% to $30 million, due to an increase in provision for loan loss of $404 million in the first quarter of 2020. • EBT decreased 88% to $25 million, adjusted EBITDA, net decreased 74% to $83 million and EPS decreased 81% to $0.63, all due to the higher provision expense. • Revenue increased 5% to $1.18 billion benefitting from a gross yield improvement of 140 basis points. Adjusted EBITDA, net of $47 million was down 84% due to a $404 million increase in provision for loan loss reflecting the combined effect of our CECL implementation and COVID-19-related impacts on our business. Net principal loss rates were 7.0% in the first quarter, up 60 basis points year-over-year, reflecting reduced volumes. • Revenue decreased 3% to $198 million resulting from the sale of Precima in early January 2020, which contributed $15 million in incremental revenue in last year's first quarter. Adjusting for the sale of Precima, revenue increased $9 million, or 4%. On a constant currency basis, revenue was flat at $203 million and adjusted EBITDA increased 7% to $59 million. • Full Year 2020 to Benefit from $150 Million in Previously-Implemented Cost Savings; Additional Expense Reductions Underway Executive Commentary Commenting on first quarter results, President and chief executive officer of Alliance Data said, "Our performance in January and February of this year showed positive momentum, with strong revenue growth and the benefit of cost savings programs. Favorable business trends continued through the onset of COVID-19 in early March, resulting in revenue growth of 4% for the first quarter paired with lower operating costs of $90 million for the period. First quarter earnings, however, were below last year's levels, as we increased our provision for loan loss by $404 million reflecting the adoption of CECL and the COVID-19 impact on our business, resulting in earnings before taxes of $25 million. Over $300 million of the $404 million provision increase is due to the economic impact of COVID-19.” For any queries, Please write to marketing@itshades.com 2 Key Financial Highlights
  • 8. Financial, M&A Updates IT Shades Engage & Enable Annaly Capital Management, Inc. (USA)Reports 1st Quarter 2020 Results Financial Highlights • GAAP net income of ($2.57) per average common share for the quarter • Core earnings of $0.21 per average common share for the quarter • GAAP return on average equity of and core return on average equity of 9.27% for the quarter • Book value per common share of $7.50 • Economic leverage of 6.8x down from 7.2x in the prior quarter • Declared quarterly common stock cash dividend of $0.25 per share • $6.9 billion of unencumbered assets, including cash and unencumbered Agency MBS of $4.6 billion • Despite the heightened market volatility in March, repo operations were orderly with no collateral or margining issues • Strong capital ratio of 12.3%, up 30 basis points since the prior quarter • Average economic cost of funds declined by 10 basis points to 1.91% Executive Commentary "First and foremost, our thoughts go out to all those affected by COVID-19. The health and well-being of our staff and our community remains our first priority and we are grateful to our talented employees who have enabled us to persevere through this challenging time, remarked Annaly’s Chief Executive Officer and Chief Investment Officer. In light of extreme volatility, Annaly performed well through one of the most challenging and unique operating environments in our Company's history. The breadth and flexibility in our investments and financing positioned us to successfully navigate the market uncertainty and we continue to benefit from the size of our capital base and strength of our business model. We took significant, measured steps to fortify our balance sheet and liquidity to position ourselves for the remainder of the year. While we continue to be cautious, we are encouraged by the meaningful tailwinds in the mortgage market and are poised to take advantage of upcoming investment opportunities." For any queries, Please write to marketing@itshades.com 3 Key Financial Highlights
  • 9. Financial, M&A Updates IT Shades Engage & Enable Avis Budget Group (USA)Reports First Quarter 2020 Results and Pandemic Response Actions First Quarter 2020 over First Quarter 2019: • Revenues of $1.8 billion, a decrease of 9%, however, Year to Date February Revenues were up 9% • Net loss of $158 million, or $2.16 per diluted share and Adjusted net loss of $103 million, or $1.40 per Adjusted diluted share • Adjusted EBITDA loss of $87 million, however, Year to Date February Adjusted EBITDA was up ~$60 million • Per-Unit Fleet Costs improved 7% excluding exchange rate effects • Available liquidity of $1.6 billion at March 31, 2020 Executive Commentary “I am incredibly proud of our team,” said Joe Ferraro, Avis Budget Group Interim Chief Executive Officer. “We ended February off to a record start to the year, and in less than a week, we pivoted the entire organization to respond to the unprecedented effects of the pandemic on our business and the economy. Our top priority continues to be the safety of both our employees and our customers. Our front-line employees went above and beyond to assist people in getting home, traveling to care for loved ones or to provide essential services, including first responders and delivery services. At the same time, we took early and decisive actions with our fleet, disposing of 35,000 cars in the month of March and cancelling 80% of our incoming rental vehicle orders in the United States for the remainder of the year.” For any queries, Please write to marketing@itshades.com 4 Key Financial Highlights
  • 10. Financial, M&A Updates IT Shades Engage & Enable Boston Properties (USA)Announces First Quarter 2020 Results Financial highlights for the first quarter include: • Revenue grew 4% to $752.6 million as compared to revenue of $725.8 million for the first quarter ended March 31, 2019. • Net income attributable to common shareholders was $497.5 million, or $3.20 per diluted share, compared to $98.1 million, or $0.63 per diluted share, for the quarter ended March 31, 2019, primarily due to $2.37 per diluted share from gains on asset sales in the first quarter of 2020. • Funds from Operations was $284.1 million, or $1.83 per diluted share, reflecting growth of 7% compared to FFO of $266.0 million, or $1.72 per diluted share, for the quarter ended March 31, 2019. • Completed and fully placed in-service 17Fifty Presidents Street located in Reston, Virginia on March 26, 2020. 17Fifty Presidents Street is a build-to-suit project with approximately 276,000 net rentable square feet of Class A office space that is 100% leased to an affiliate of Leidos Holdings, Inc. • Completed the sale of New Dominion Technology Park located in Herndon, Virginia on February 20, 2020, for a gross sale price of $256.0 million, resulting in net proceeds of approximately $254.0 million and reported gain on sale of approximately $192.3 million. • Completed the acquisition of the land underlying the ground lease at Platform 16 located in San Jose, California for a purchase price of approximately $74.0 million at BXP’s Share. • Entered into a joint venture with Alexandria Real Estate Equities to develop, own and operate approximately 1.1 million square feet of existing office and life science lab properties in South San Francisco, California, with the opportunity for approximately 640,000 square feet of additional future development. For any queries, Please write to marketing@itshades.com 5 Key Financial Highlights
  • 11. Financial, M&A Updates IT Shades Engage & Enable Broadridge (USA)Reports Third Quarter Fiscal 2020 Results Highlight • Total revenues increased 2% to $1,250 million from $1,225 million in the prior year period. • Recurring fee revenues increased 9% to $835 million from $767 million. The increase in recurring fee revenues includes 6pts of growth from acquisitions. Organic growth was 3pts. Internal growth was neutral with positive growth in our GTO segment driven by higher trading volumes resulting from market uncertainty related to the Covid-19 pandemic ("Covid-19"), offset by negative internal growth in our ICS segment driven by a shift of proxy communications into the fourth quarter also as a result of Covid-19. • Event-driven fee revenues decreased $29 million, or 43%, to $39 million, mainly from lower mutual fund proxy activity and equity proxy contests. • Distribution revenues decreased $6 million, or 1%, to $412 million, primarily from the decrease in event-driven fee revenues. • Operating income was $226 million, a decrease of $7 million, or 3%. Operating income margin decreased to 18.1%, compared to 19.1% for the prior year period. • Adjusted Operating income was $262 million, an increase of $6 million, or 3%. Adjusted Operating income margin increased to 21.0%, compared to 20.9% for the prior year period. • The decrease in Operating income was primarily due to the impact of lower event-driven fee revenues and higher acquisition amortization expense, partially offset by higher recurring fee revenues. The increase in Adjusted Operating income was primarily due to the increase in recurring fee revenues more than offsetting the impact of lower event-driven fee revenues. • Interest expense, net was $16 million, an increase of $6 million, or 62%, primarily due to an increase in interest expense from higher borrowings related to acquisitions. • The effective tax rate was 20.7% compared to 23.0% in the Third Quarter 2019. The effective tax rate was impacted by higher discrete tax benefits relative to pre-tax income, including excess tax benefits of $2 million, which increased from $1 million in the Third Quarter 2019. • Net earnings decreased 3% to $167 million and Adjusted Net earnings increased 3% to $195 million. Executive Commentary "Broadridge is making a real difference in this volatile and uncertain time and I have been inspired by how our associates have stepped up to meet this incredible challenge, said Broadridge's Chief Executive Officer. The importance of what we do to power global trading and wealth management, enable safe and effective corporate governance, and keep investors informed has never been greater. Our scalable and resilient technology has operated flawlessly in periods of heavy market volume, our production facilities have delivered a successful proxy season in the face of extraordinary safety measures, and we are poised to deliver more than four times as many Virtual Shareholder Meetings as last year. We remain focused on keeping our associates safe, serving our clients, and helping our communities. I am extremely proud of every member of the Broadridge team.” For any queries, Please write to marketing@itshades.com 6 Key Financial Highlights
  • 12. Financial, M&A Updates IT Shades Engage & Enable Brookfield Infrastructure (Canada) Reports First Quarter 2020 Results Highlight • Business generated FFO of $358 million for the quarter, or $0.77 of FFO per unit, which was in-line with the prior year levels. • FFO growth was primarily driven by organic growth of 6% and earnings associated with $1.6 billion of capital deployed during the past year. • Virus related impacts were primarily experienced at our port and toll road operations, affecting results by $10 million, while the lower Brazilian Real reduced results by $17 million • FFO from our utilities segment totaled $146 million, compared to $137 million in the prior year. The segment delivered organic growth of 8%, reflecting the robust nature of our contracted and regulated cash flows in this segment. • transport segment delivered FFO of $120 million, down from $139 million in the prior year. • The energy segment contributed FFO of $115 million compared to $107 million in the prior year. • FFO from our data infrastructure segment totaled $42 million, an increase of 50% from the prior year. Executive Commentary “The first quarter of 2020 brought about extraordinary challenges on a global scale. Our results were solid as every operating business we own was deemed an essential service and has continued operating throughout this period, said Chief Executive Officer of Brookfield Infrastructure Partners. “As the economic recovery unfolds over the coming quarters, we remain confident that our highly-diversified business is well-positioned both financially and operationally. This will give us the opportunity to take advantage of market conditions to acquire high-quality assets for deep value, as we have in the past during periods of dislocation.” For any queries, Please write to marketing@itshades.com 7 Key Financial Highlights
  • 13. Financial, M&A Updates IT Shades Engage & Enable CBRE Group, Inc. (USA)Reports Financial Results for First-Quarter 2020 Highlight • First-quarter 2020 adjustments increased GAAP net income by a net amount of $81.9 million. • Adjusted net income and adjusted earnings per share decreased 5% to $254.1 million and $0.75, respectively, compared with the prior-year period. • Investment management revenue was $121.7 million during the first quarter, an increase of 14% (15% local currency), largely fueled by higher carried interest, which totaled $18.3 million for the period. • Assets under management totaled $108.1 billion at the end of the first quarter, a decrease of $4.8 billion, or $2.6 billion in local currency, from year-end 2019. The decrease reflected valuation declines and net outflows in the public securities portfolio as well as negative foreign currency movement. • Development: The in-process portfolio reached a record level in first-quarter 2020, increasing by $900 million from year-end 2019 to $13.9 billion. The pipeline was unchanged during the quarter at $5.8 billion. • Telford Homes contributed $1.1 billion to the in-process total and $1.4 billion to the pipeline total. More than half of the in-process development is attributable to fee-development and built-to-suit projects. • Flexible Workspace: Net investment in the start-up of Hana totaled $9.1 million for the first quarter, modestly lower than expected. Hana has opened five facilities and Southern and executed agreements for five additional units. Executive Commentary “We had a strong start to the year before the impact of Covid-19 emerged in late March, said CBRE’s president & chief executive officer. Our results were driven by strong performance in the Advisory Services segment, particularly property sales in continental Europe and Japan. A modest decrease in adjusted EBITDA and adjusted earnings per share for the business as a whole was driven by our Real Estate Investments segment, where we experienced a $27 million decline in our co-investments in the public real estate securities portfolio.” For any queries, Please write to marketing@itshades.com 8 Key Financial Highlights
  • 14. Financial, M&A Updates IT Shades Engage & Enable Digital Realty (USA)Reports First Quarter 2020 Results Highlights • Reported net income available to common stockholders of $0.90 per share in 1Q20, compared to $0.46 in 1Q19 • Reported FFO per share of $0.91 in 1Q20, compared to $1.92 in 1Q19 • Reported core FFO per share of $1.53 in 1Q20, compared to $1.73 in 1Q19 • Signed total bookings during 1Q20 expected to generate $75 million of annualized GAAP rental revenue, including a $9 million contribution from interconnection (not including an additional $10 million signed by Interxion) • Issued $652 million of equity under the company's ATM program, including approximately $615 million subsequent to quarter-end • Introduced 2020 core FFO per share outlook of $5.90-$6.10 Executive Commentary "Our hearts go out to all those impacted by the COVID-19 global pandemic, and our top priority is the health and safety of our employees, customers and partners, said Digital Realty Chief Executive Officer. Despite the challenging environment, we continued to execute on our strategic plan, closing our highly strategic combination with Interxion as well as the acquisition of the Westin Building in Seattle while delivering another quarter of solid bookings. Our business is highly resilient, and we remain confident that our global platform will continue to deliver sustainable growth for all stakeholders." For any queries, Please write to marketing@itshades.com 9 Key Financial Highlights
  • 15. Financial, M&A Updates IT Shades Engage & Enable Extra Space Storage Inc. (USA)Reports 2020 First Quarter Results Highlights • Achieved net income attributable to common stockholders of $0.83 per diluted share, representing a 12.2% increase compared to the same period in 2019. • Achieved funds from operations attributable to common stockholders and unit holders of $1.24 per diluted share. FFO, excluding adjustments for non-cash interest, remains $1.24 per diluted share, representing a 6.9% increase compared to the same period in 2019. • Increased same-store revenue by 1.9% and same-store net operating income by 1.2% compared to the same period in 2019. • Reported same-store occupancy of 91.3% as of March 31, 2020, compared to 91.4% as of March 31, 2019. • Acquired one operating store and one store at completion of construction for a total cost of approximately $19.4 million. • In conjunction with joint venture partners, acquired one operating store and two C of O stores for a total cost of approximately $40.6 million, of which the Company invested $9.7 million. • Added 48 store to the Company's third-party management platform. As of March 31, 2020, the Company managed 676 stores for third parties and 249 stores in joint ventures, for a total of 925 managed stores. • Repurchased 653,597 shares of common stock, at an average price of $79.85 per share, for a total cost of $52.2 million. • Paid a quarterly dividend of $0.90 per share. Executive Commentary CEO of Extra Space Storage Inc., commented, "Despite the impact from COVID-19, we had a solid first quarter, with same-store revenue growth in-line with expectations and same-store NOI and FFO growth per share ahead of expectations at 1.2% and 6.9%, respectively. We are pleased with the durability of our need-based sector, and we have made significant efforts to continue to operate safely during these challenging times. We are confident that our balance sheet, portfolio, and operating platform are all prepared to navigate this uncertain landscape. Due to the impact stay-at-home orders are having on operations across the country, and the limited visibility of when and where they will be lifted and subsequent customer behavior, we have elected to withdraw our 2020 annual guidance. As the situation unfolds, we may reinstate guidance later in the year." For any queries, Please write to marketing@itshades.com 10 Key Financial Highlights
  • 16. Financial, M&A Updates IT Shades Engage & Enable FIS (USA) Reports First Quarter 2020 Results First Quarter 2020 Results • On a GAAP basis, revenue increased 50% to $3,078 million, primarily driven by the July 31, 2019 acquisition of Worldpay, Inc. • Net earnings attributable to common stockholders was $15 million or $0.02 per diluted share. • On an adjusted basis, organic revenue growth increased 2% over the prior year period. • Adjusted EBITDA margin expanded by 510 basis points over the prior year period to 40.5%, primarily driven by the acquisition of Worldpay and associated expense synergies. • Adjusted net earnings were $802 million or $1.28 per diluted share. Executive Commentary “As a critical infrastructure provider to commerce and the financial world, we remain intensely focused on protecting our employees and continuing to meet the needs of our clients during this time of worldwide uncertainty, said FIS chairman, president and chief executive officer. “In challenging times like these, we are very pleased with the strength and durability of our business model. We continue to invest and innovate across our broad portfolio of banking, capital markets and merchant solutions in order to help lift our clients and communities while continuing to deliver value to our shareholders.” For any queries, Please write to marketing@itshades.com 11 Key Financial Highlights
  • 17. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable FIS (USA)Accelerates Innovation with $150 Million of New Capital for Venture Investments Financial technology leader FIS™ announced today that FIS Ventures, the newly created corporate venture investment division of FIS, has launched an effort to invest a target of $150 million in promising fintech startups over the next three years. FIS Ventures will invest globally in early to growth-stage fintech startups with a focus on emerging technologies such as artificial intelligence and machine learning, digital enablement and automation, data and analytics, security and privacy, distributed ledger technology, and financial inclusion. In addition to capital investments, FIS Ventures will actively partner with these companies, providing proprietary access as appropriate to FIS’ global reach and scale, operating expertise, diverse customers and channel partners to help fulfill their long-term growth ambition. Executive Commentary “At a time when many other fintech firms are scaling back their investments, FIS is deepening its commitment to stay at the forefront of innovative technologies that can help our clients accelerate digital transformation and emerge even stronger from the current pandemic, said Chief growth officer of FIS. FIS Ventures is a significant new component of our investment strategy to identify and bring to market innovative new technologies that advance the way the world pays, banks and invests.” For any queries, Please write to marketing@itshades.com Description 12
  • 18. Financial, M&A Updates IT Shades Engage & Enable FLEETCOR (USA)Reports First Quarter 2020 Financial Results Financial Results for First Quarter of 2020: GAAP Results • Total revenues increased 6% to $661.1 million in the first quarter of 2020, compared to $621.8 million in the first quarter of 2019. • Net income decreased 15% to $147.1 million in the first quarter of 2020, compared to $172.1 million in the first quarter of 2019. Included in the first quarter of 2020 was a one-time loss of $90.1 million related to a customer receivable in our foreign currency trading business. • Net income per diluted share decreased 14% to $1.67 in the first quarter of 2020, compared to $1.93 per diluted share in the first quarter of 2019. • Included in the first quarter of 2020 was a $0.74 per diluted share one-time loss related to a customer receivable in our foreign currency trading business. Non-GAAP Results • Adjusted net income1 increased 11% to $264.5 million in the first quarter of 2020, compared to $238.4 million in the first quarter of 2019. • Adjusted net income per diluted share1 increased 12% to $3.00 in the first quarter of 2020, compared to $2.67 per diluted share in the first quarter of 2019. Executive Commentary “The first quarter of 2020 was another good quarter for the Company driven primarily by solid performance in January and February, which then significantly softened in March due to the COVID-19 virus related shut downs around the world. The macro-economic environment came in worse than expected during the quarter, which negatively impacted revenue by approximately $6 million versus the first quarter of 2019. In addition, due to the extraordinary impact of the COVID-19 pandemic, our Cambridge business experienced a $90 million, bad debt loss in the first quarter, resulting from a large client entering voluntary bankruptcy. We view this as truly a one-off event, as the business has experienced less than 1.5% bad debt as a percentage of revenue for as far back as we have data,” said Chief financial officer, FLEETCOR Technologies, Inc.” For any queries, Please write to marketing@itshades.com 13 Key Financial Highlights
  • 19. Financial, M&A Updates IT Shades Engage & Enable Global Payments (USA) Reports First Quarter 2020 Results First Quarter 2020 Summary • GAAP revenues were $1.904 billion, compared to $883 million in the first quarter of 2019; diluted earnings per share were $0.48 compared to $0.71 in the prior year; and operating margin was 12.8%. • Adjusted net revenue grew to $1.729 billion, compared to $1.725 billion in the first quarter of 2019 on a combined basis. • Adjusted earnings per share grew 18% to $1.58, compared to $1.34 in the first quarter of 2019. • Adjusted operating margin of 39.0% expanded 300 basis points on a combined basis. Executive Commentary “We continue to prioritize the health and well-being of our team members, while also supporting our customers and safeguarding our business during this challenging time. With the vast majority of our nearly 24,000 people worldwide working from home since mid-March, I am pleased our business has continued to operate normally, statedPresident and Chief Operating Officer. We delivered significant new competitive wins in the quarter, and we remain on track to achieve at least $125 million in annual run-rate revenue synergies and at least $350 million in annual run-rate expense synergies from our transformational merger with TSYS, providing further evidence that the execution of our pure play payments strategy remains strong.” For any queries, Please write to marketing@itshades.com 14 Key Financial Highlights
  • 20. Financial, M&A Updates IT Shades Engage & Enable Hertz Global Holdings (USA) Reports First Quarter 2020 Financial Results Highlight • Financial results significantly impacted by COVID-19 pandemic • Consolidated revenue of $1.9 billion, U.S. RAC revenue of $1.4 billion • Hertz Global net loss of $356 million, Adjusted Corporate EBITDA of negative $243 million • Approximately $1.0 billion of unrestricted cash and cash equivalents at March 31, 2020 Executive Commentary "We started the year with positive momentum, extending the strong growth trajectory of the past three years, reflecting consistent increases in both price and volume, productivity improvements and best-in-class fleet management, said CEO and President. Yet in just two months, the outbreak of the coronavirus created a major business disruption as global travel demand dropped to almost zero and the U.S. used-car market effectively shut down. We immediately shifted our business priorities to focus on employee and customer safety, expense mitigation and preserving liquidity." For any queries, Please write to marketing@itshades.com 15 Key Financial Highlights
  • 21. Financial, M&A Updates IT Shades Engage & Enable Host Hotels & Resorts, Inc. (USA) Reports Results for First Quarter 2020 Highlights • Total assets of $13.4 billion; • Cash balance of approximately $2.8 billion and FF&E escrow reserves of $165 million; • Debt balance of $5.3 billion, with no significant maturities until 2023 and monthly interest expense of approximately $13 million; • Has an adjusted cash balance of approximately $2.5 billion following the first quarter dividend payment in April and other payments. • Early in the quarter, the Company repurchased 8.9 million shares at an average price of $16.49 per share for a total of $147 million. The Company has suspended repurchases and anticipates the suspension will remain in effect for the remainder of 2020. • The Company paid a regular quarterly cash dividend of $0.20 per share on its common stock on April 15, 2020 to stockholders of record as of March 31, 2020. • The forecast ROI capital expenditures for 2020 include $180 million to $200 million for the Marriott transformational capital program, for which Marriott will be providing operating profit guarantees of approximately $20 million in 2020, including $2 million that was received in the first quarter of 2020. • During the quarter, transient room nights were down 20% leading to a revenue decline of 22%. Group room nights were down 25% with a decline in revenues of 25% for the quarter compared to the prior year. Executive Commentary President and Chief Executive Officer, said, “This is an unprecedented time for Host, the travel industry, the nation, and the world. On behalf of the management team, I’d like to express our deepest sympathies for those affected by COVID-19, as well as our gratitude for the incredible work being done by first responders, healthcare workers, and others on the front lines. As a company, we continue to prioritize the health and safety of our employees, guests and partners, while protecting the long-term strength of our business. In March, as states began imposing travel restrictions and mandatory stay-at-home orders to slow the spread of COVID-19, Host responded swiftly to the rapid decline in lodging demand by significantly reducing expenses and further strengthening our liquidity position. We believe the strategic actions we have taken to date will position us for success as the nation begins to reopen in the coming months.” For any queries, Please write to marketing@itshades.com 16 Key Financial Highlights
  • 22. Financial, M&A Updates IT Shades Engage & Enable IHS Markit (UK) Acquires Catena Technologies IHS Markit, a world leader in critical information, analytics and solutions, announced the acquisition of Catena Technologies, a global regulatory trade reporting firm based in Singapore.MarkitSERV provides end-to-end trade processing and workflow solutions that support all participants in OTC trading, from post-trade notices of execution, trade confirmation and allocations to clearing and reporting. Its solutions support a broad range of asset classes and products, working continuously with the global financial industry to ensure swift and efficient coverage of new products.The financial impact of the transaction will be non-material on IHS Markit earnings or earnings guidance. Terms were not disclosed. Executive Commentary "The acquisition of Catena is a logical extension of IHS Markit's strategy to provide comprehensive solutions that enable our customers to fulfill their global regulatory compliance needs, said Senior vice president and head of Platforms and Regulatory Compliance at IHS Markit.” For any queries, Please write to marketing@itshades.com 17 Key Financial Highlights
  • 23. Financial, M&A Updates IT Shades Engage & Enable IHS Markit (UK) invests in artificial intelligence fuel pricing provider IHS Markit, a world leader in critical information, analytics and solutions, announced its strategic growth investment in a2i systems, a retail fuel price management software provider specializing in applied artificial intelligence.Denmark based a2i systems is a privately-owned software company helping gas stations adjust their retail prices through its PriceCast Fuel software. PriceCast Fuel applies artificial intelligence to a number of data inputs including time-of-day, weather, traffic flow as well as consumer behavior patterns. It detects similarities and patterns to calculate the optimal price for each gas station across a provider’s entire network to optimize their overall business.As part of the transaction, IHS Markit’s Oil Price Information Service, and a2i systems have agreed a long-term strategic partnership under which OPIS and a2i clients may combine industry leading oil market pricing data with dynamic real-time price optimization across a diverse network of retail petrol stations.IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. Executive Commentary President of OPIS, commented, “Given the economic backdrop, getting comprehensive market and consumer insights is becoming ever more important for the wide range of fuel retailers in North America. OPIS has invested in the most technically-sophisticated consumer gas behavior software, meeting the needs of the most forward-thinking fuel marketers today and seamlessly complementing our current slate of retail data feeds and pricing & analytic tools.” For any queries, Please write to marketing@itshades.com 18 Key Financial Highlights
  • 24. Financial, M&A Updates IT Shades Engage & Enable JLL (USA) Reports Solid First-Quarter 2020 Results Highlights • Record consolidated revenue of $4.1 billion and fee revenue1 of $1.5 billion, increased 9% and 15%. Americas Leasing extended impressive trend of quarterly growth. Organic RES fee revenue growth of 5% despite COVID-19 challenges. Double-digit increase in facilities management fueled Corporate Solutions • Non-cash charges related to COVID-19 significantly impact otherwise healthy margin development • Capital Markets showed platform strength and reflected excellent progress on HFF integration • LaSalle double-digit advisory fee growth reflected strong capital raising momentum Executive Commentary “We entered 2020 with significant momentum, which produced solid first quarter results,” said JLL CEO. Once again, our Americas business had another strong quarter while our EMEA and Asia Pacific segments showed impressive resilience as the impact of the COVID-19 pandemic increased throughout the quarter. We are marshalling JLL's considerable capabilities to keep our employees safe and productive, support our communities and serve our clients in this uncertain environment.” For any queries, Please write to marketing@itshades.com 19 Key Financial Highlights
  • 25. Financial, M&A Updates IT Shades Engage & Enable Moody's Corporation (USA) Reports Results for First Quarter 2020 Highlights • Revenue for MIS for the first quarter of 2020 was a record $794 million, up 19% from the prior-year period compared to an 18% increase in overall debt issuance • Corporate finance revenue was $453 million, up 28% from the prior-year period. • Structured finance revenue was $96 million, down 5% from the prior-year period. • Financial institutions revenue was $125 million, up 8% from the prior-year period. • Public, project and infrastructure finance revenue was $109 million, up 17% from the prior-year period. • 1Q20 diluted EPS of $2.57 up 33% from 1Q19; • adjusted diluted EPS of $2.73 up 32% 1 • FY 2020 diluted EPS and adjusted diluted EPS guidance ranges reduced to $7.25 to $7.85 and $7.80 to $8.40, respectively due to anticipated COVID-19 impacts • First quarter 2020 operating expenses for Moody's Corporation totaled $698 million, up 3% from the prior-year period. The increase was limited by disciplined expense management and lower incentive compensation accruals, partially offset by higher estimates for bad debt reserves in light of the COVID-19 crisis. • Operating income of $592 million was up 28% from the first quarter of 2019. Adjusted operating income of $649 million was up 25% from the prior-year period, and primarily excluded depreciation and amortization and a non-tax-deductible loss associated with the MAKS divestiture. • The effective tax rate for the first three months of 2020 was 13.7%, up from 9.2% in the prior-year period. Executive Commentary "I am incredibly proud of the dedication and hard work of our employees, which has enabled us to provide timely services to our customers and insightful information and decision ready analysis to governments, regulators and the broader market. Moody's purpose of enhancing market transparency and fairness, and promoting progress through better decisions, has never been more important than during these challenging times,said President and Chief Executive Officer of Moody's. While we had resilient first quarter performance with impressive growth in both revenue and margins, we expect the economic implications of COVID-19 to be more pronounced through the second half of the year. Consequently, while we believe that Moody's position and the long-term fundamentals of our business remain strong, we have both lowered and widened our full year 2020 adjusted diluted EPS guidance range to reflect this higher degree of uncertainty." For any queries, Please write to marketing@itshades.com 20 Key Financial Highlights
  • 26. Financial, M&A Updates IT Shades Engage & Enable Ryder Reports (USA) First Quarter 2020 Results First Quarter 2020 • Q1 total revenue of $2.2 billion, down 1%; Q1 operating revenue (non-GAAP) of $1.8 billion, up 1% • Q1 GAAP EPS from continuing operations loss of $(2.09) versus a profit of $0.87 in prior year, reflects the impacts of previously announced change in residual value estimates and COVID-19 • Q1 comparable EPS (non-GAAP) from continuing operations loss of $(1.38) versus a profit of $1.11 in prior year • Overall operating results were well ahead of management's expectations through mid-March • Estimated negative pre-tax earnings impact of COVID-19 in first quarter of approximately $70 million, primarily due to $48 million of additional depreciation resulting from an expected weaker used vehicle sales environment through year end 2020 • Substantial liquidity of $1.7 billion as of April 28 available to support operations and fund $600 million in remaining 2020 debt maturities Executive Commentary “Commenting on the company's response to the challenges of COVID-19 and current outlook, Ryder Chairman and CEO, I couldn't be prouder of the courage and commitment of the nearly 40,000 Ryder employees. While much of the world sheltered in place, Ryder employees reported to the front lines to ensure the safe delivery of essential food, healthcare goods, and other critical supplies, while adhering to new hygiene and social distancing procedures. Ryder employees are the most critical component in our company's success and never more so than during this unprecedented time.Through mid-March, first quarter results were well ahead of our prior expectations; however, the COVID-19 pandemic negatively impacted performance for the quarter. Although we cannot predict the depth and duration of the economic impact from COVID-19, we are focused on actions to mitigate the negative effect on our operations while continuing to serve our customers and position the company to achieve our long-term goals.” For any queries, Please write to marketing@itshades.com 21 Key Financial Highlights
  • 27. Financial, M&A Updates IT Shades Engage & Enable Simon Property Group (USA) Reports First Quarter 2020 Results and Provides Business Update Results for the Quarter • Net income attributable to common stockholders was $437.6 million, or $1.43 per diluted share, as compared to $548.5 million, or $1.78 per diluted share in 2019. Results for the first quarter of 2019 included a combined $83.6 million, or $0.24 per diluted share, of proceeds from an insurance settlement and a gain on the sale of our interest in a multi-family residential property. The current year period includes a $19.0 million, or $0.05 per diluted share, unrealized loss in fair value of equity instruments compared to a gain of $5.3 million, or $0.01 per diluted share, in the prior year period, from the Company's ownership of Washington Prime Group Inc. partnership units as part of the 2014 spin-off. • Funds from Operations ("FFO") was $980.6 million, or $2.78 per diluted share, as compared to $1.082 billion, or $3.04 per diluted share, in the prior year period. The first quarter 2019 results also included the $0.24 per diluted share noted above. The current year period reflects a negative impact of approximately $0.06 per diluted share (pre-tax) from the Company's investments in retailers primarily due to store closures as a result of COVID-19. • Comparable property Net Operating Income ("NOI") for the three months ended March 31, 2020 was flat and portfolio NOI declined 0.2%. • Operating statistics for the Company's combined U.S. Malls and Premium Outlets: • Occupancy was 94.0% at March 31, 2020. • Base minimum rent per square foot was $55.76 at March 31, 2020. • Leasing spread per square foot for the trailing 12 months ended March 31, 2020 was $2.80, an increase of 4.6%. • Reported retailer sales per square foot were $673 for the trailing 12 months ended March 31, 2020. This was an increase of 2.1%; however, it was impacted by the Company's temporary closure of its U.S. retail properties effective March 18, 2020. This impact is shown by comparing the trailing 12 months ended February 29, 2020, sales per square foot of $703, an increase of 6.5%. Executive Commentary "Our thoughts are with everyone affected by COVID-19 and we salute all of the individuals on the front lines fighting the pandemic, saidChairman, Chief Executive Officer and President.The Simon team is meeting these unprecedented challenges with unwavering commitment to the safety of our employees, shoppers, retailers and the communities we serve. We have successfully navigated challenging times throughout our company's history, and we will endure and gain strength as we weather this disruption. The resilience of our people, our innovative business approach and our strong balance sheet with ample liquidity will serve us well.Business was off to a good start in January and February, with shopper traffic, tenant demand, reported retailer sales and other underlying portfolio fundamentals trending at or above our expectations. "We quickly pivoted to address the rapid spread of COVID-19, temporarily closing U.S. properties, reducing operating costs and increasing financial resources. We are beginning to reopen properties and are encouraged by the consumer response thus far." For any queries, Please write to marketing@itshades.com 22 Key Financial Highlights
  • 28. Financial, M&A Updates IT Shades Engage & Enable Two Harbors Investment Corp. (USA) Reports First Quarter 2020 Financial Results Quarterly Summary • Incurred a Comprehensive Loss of $(2.1) billion, or $(7.63) per weighted average basic common share, representing an annualized return on average common equity of (225.2) %. • Reported Core Earnings of $67.6 million, or $0.25 per weighted average basic common share • Paid interim dividend of $0.05 per common share and all first quarter preferred dividends; will continue to evaluate our quarterly dividends based on evolving market conditions. • Experienced unprecedented market conditions stemming from the global COVID-19 pandemic. As a result, we took decisive action to reduce portfolio risk and amass a strong defensive liquidity position. • Sold substantially all of our non-Agency securities, eliminating the risk of continued outsized margin calls and ongoing funding concerns associated with the significant spread widening on these assets. • Focused on the safety and well-being of our people by implementing mandatory work-from-home measures across all three of our offices. • Reported book value of $6.96 per common share. • Incurred a Comprehensive Loss of $(2.1) billion, or $(7.63) per weighted average basic common share, representing an annualized return on average common equity of (225.2) %. • Reported Core Earnings of $67.6 million, or $0.25 per weighted average basic common share • Paid interim dividend of $0.05 per common share and all first quarter preferred dividends; will continue to evaluate our quarterly dividends based on evolving market conditions. Executive Commentary “The global COVID-19 health pandemic led to unprecedented market conditions in the first quarter. As a result, we focused on raising our excess liquidity and de-risking our portfolio, stated Two Harbors’President and Chief Executive Officer. During the quarter, we made every margin call and at March 31st had a strong liquidity position with $1.2 billion in unrestricted cash. Going forward, while we can’t predict how this global pandemic will play out, we are making every effort to best position our company for events outside of our control. Despite all of the uncertainty, we believe that we can withstand future volatility and ultimately, on the other side of this crisis, once again drive long-term stockholder value.” For any queries, Please write to marketing@itshades.com 23 Key Financial Highlights
  • 29. Financial, M&A Updates IT Shades Engage & Enable Ventas (USA) Reports 2020 First Quarter Results Highlights • Ventas completed the $80 million acquisition of two fully occupied life science buildings located in Raleigh, NC and affiliated with North Carolina State University. • Ventas generated $109 million in proceeds from loan repayments and asset dispositions in the quarter in addition to those related to the Company’s recently established Fund described below. • Delivering Restored MOB: Ventas is delivering in May a fully restored 66,000 square foot medical office building on the campus of Ascension Sacred Heart Bay Hospital. • The initial closing of the Fund generated over $600 million in net proceeds to Ventas and the Company recognized a $223 million gain in connection with the sale of assets to the Fund. • Balance Sheet & Liquidity: Ventas’s Net Debt to Adjusted Pro Forma EBITDA ratio improved to 5.7x as of March 31, 2020 from 6.1x at December 31, 2019. • Increasing Financial Flexibility: The Company acted to enhance its balance sheet strength and liquidity. As a result, Ventas has approximately $3.2 billion in cash and cash equivalents on hand as of May 6, 2020 with no commercial paper outstanding; and its Net Debt to EBITDA ratio improved sequentially by 40 basis points to 5.7x at March 31, 2020. • Reducing 2020 Expenditures: The Company has reduced its planned 2020 capital expenditures by $0.3 billion to approximately $0.5 billion. • Communicating Transparently Regarding Financial Guidance: Based on its early understanding of the potential scope and effects of the COVID-19 pandemic, Ventas withdrew its previously issued financial guidance on March 17, 2020. Executive Commentary “Ventas delivered strong first quarter results, which exceeded our expectations for the enterprise and each of our business segments. At the onset of the COVID-19 pandemic, we took swift and decisive action to ensure the strength and stability of the Company. Our top priority remains the health and safety of all Ventas employees, the residents and caregivers in our senior living communities, and the many others who work in or use our 1,200 healthcare sites. As a result of our unwavering efforts, Ventas will continue to serve as a reliable partner and focused industry leader. To demonstrate our commitment to mitigating the spread of the coronavirus and further enhancing the safety of our senior housing communities, we are providing access to COVID-19 test kits and analysis from Mayo Clinic Laboratories at no charge to certain of our senior housing operators who need them,” said Ventas Chairman and CEO. For any queries, Please write to marketing@itshades.com 24 Key Financial Highlights
  • 30. Financial, M&A Updates IT Shades Engage & Enable Weyerhaeuser (USA) Reports First Quarter Results Highlights • Net earnings of $150 million, or 20 cents per diluted share, on net sales of $1.7 billion. This compares with a net loss of $289 million, or 39 cents per diluted share, on net sales of $1.6 billion for the same period last year. • Excluding an after-tax benefit of $12 million for special items, the company reported first quarter net earnings of $138 million, or 18 cents per diluted share. This compares with net earnings before special items of $80 million for the same period last year and $23 million for the fourth quarter of 2019. • Adjusted EBITDA for the first quarter of 2020 was $413 million compared with $365 million for the same period last year and $260 million for the fourth quarter of 2019. Executive Commentary "I am proud of our first quarter performance, as each business delivered strong operating results despite rapidly changing market conditions associated with the COVID-19 pandemic, said President and chief executive officer.I want to thank our employees for their dedication to safety, operational excellence and serving our customers through this uncertain and challenging environment.In late March, we took steps to enhance financial flexibility and position Weyerhaeuser's businesses for changing market dynamics, During the second quarter, customer market conditions have deteriorated across our businesses, consistent with the broader macroeconomic environment. As a result, we are taking further actions, including temporarily suspending the quarterly dividend, to preserve liquidity and financial flexibility. Weyerhaeuser remains committed to a balanced capital allocation philosophy that includes returning cash to shareholders through a sustainable dividend. The board will regularly evaluate opportunities to reinitiate an appropriate quarterly cash dividend as soon as practicable based on the company's cash flow, liquidity, leverage, customer demand, market conditions, and the broader macroeconomic environment." For any queries, Please write to marketing@itshades.com 25 Key Financial Highlights
  • 31. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Solutions Updates Business Services Industry
  • 32. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Digital Realty (USA)Accelerates AI Solution Deployment For any queries, Please write to marketing@itshades.com 26 Solution Description Digital Realty, a leading global provider of data center, colocation and interconnection solutions, launched Data Hub featuring NVIDIA DGXTM systems, which enables the rapid deployment of artificial intelligence and machine learning workloads on PlatformDIGITAL™. The Data Hub solution accelerates digital transformation by removing data gravity barriers for enterprises. Digital Realty developed a pre-configured Data Hub footprint based on typical customer deployment scenarios on NVIDIA DGX and DGX PODTM configurations. The Digital Realty Data Hub solution provides the components and services that customers need to solve global coverage, capacity and connectivity needs. The solution was designed to integrate seamlessly with pre-validated enterprise storage solutions from class-leading providers. By deploying Data Hubs on PlatformDIGITAL, enterprises create centers of data exchange to solve global coverage, capacity and connectivity needs. These centers of data exchange are an ideal place to securely implement organizational AI and machine learning initiatives. Delivered as part of NVIDIA DGX-Ready Data Center program, the Data Hub solution accommodates a typical enterprise deployment of AI infrastructure to address the placement, connectivity and hosting of critical data infrastructure in proximity to users, networks, clouds and things. This creates a unified, comprehensive solution that can be deployed in days to deliver best-in-class, AI-ready IT infrastructure and enable consistent experience, security and resilience on global networks.
  • 33. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Experian (Ireland) releases new version of its integrated digital identity and fraud risk platform For any queries, Please write to marketing@itshades.com 27 Solution Description Experian releases new version of its integrated digital identity and fraud risk platform. The ability to confidently recognize consumers and safeguard their digital transactions is becoming increasingly challenging for businesses. In addition, fraud threats continue to rise across the globe as fraudsters take advantage of the COVID-19 global health crisis and rapidly shifting economic conditions. Experian’s CrossCore® combines risk-based authentication, identity proofing and fraud detection into a single cloud platform, which means businesses can more quickly respond to an ever-changing environment. And with flexible decisioning orchestration and advanced analytics, businesses can make real-time risk decisions throughout the customer lifecycle. The newly released version of CrossCore will allow businesses to limit fraud losses and reduce unnecessary customer friction which can impact the bottom line. CrossCore combines advanced analytics with Experian’s rich data assets with identity insights and capabilities from its curated partner ecosystem. Businesses can connect any new or existing tools and systems in one place, whether it be Experian’s, our partners’ or their own. With its built-in strategy design and enhanced workflow, fraud and compliance teams have more control to quickly adjust strategies based on evolving threats and business needs, which helps to improve efficiency and reduce operational costs. Updates to the new version include the ability for clients to submit dynamic API request payloads, apply progressive risk assessments, apply parallel logic, enable self-service workflow configurations and provide an online business intelligence module to view transactional volume reports.
  • 34. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Worldpay from FIS (USA)Enables One-Click Google Pay Integration for Merchants For any queries, Please write to marketing@itshades.com 28 Solution Description FIS™, a global leader in financial services technology, announced the addition of Google Pay to its Hosted Payment Page product for online merchants. Because Worldpay from FIS has made the technical integration within their HPP offering, merchants can simply “turn on” Google Pay to enable express online checkouts.As consumers worldwide increasingly turn to shopping online during the COVID-19 pandemic, merchants who adopt digital payment methods and reduce friction in their online checkout process could see a decrease in shopping cart abandonment. According to a recent survey from Baymard Institute, 23 percent of card abandonments during checkout were due to a “too long/complicated checkout process.”1 By using Google Pay, a shopper no longer needs to enter their contact, payment and address details, reducing online checkout to a few simple clicks. Google Pay’s streamlined, online experience is currently available in approximately 70 countries worldwide. Consumers using Google Pay can complete checkout in seconds by authorizing payment using their biometrics such as fingerprint or face scan – or entering their Google account password. This development will allow Google Pay to leverage Worldpay’s wide geographic footprint, which operates cross-border payment processing in 155 countries via 58 domestic acquiring licenses for improved payment acceptance outcomes.
  • 35. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable FIS (USA)Enables States to Provide Online Grocery Shopping for SNAP Benefit Recipients For any queries, Please write to marketing@itshades.com 29 Solution Description F inancial services technology leader FIS™ announced that it is assisting a number of U.S. states to enable online purchasing of food for Supplemental Nutrition Assistance Program benefit recipients under a pilot program run by the U.S. Department of Agriculture. As a leading provider of Electronic Benefit Transfer processing services for state-administered SNAP benefits, FIS has enabled Washington, Oregon and Nebraska to go live on the USDA online pilot program. The states of Florida, California, Idaho and Arizona, which contract with FIS for EBT processing services, have been approved under the USDA pilot program and are expected to be operational with online shopping capabilities in the coming weeks. Through the USDA’s pilot program, SNAP recipients in participating states can use their EBT cards to make online purchases of groceries through authorized retailers, including Walmart and Amazon. Typically, EBT cards could only be used for purchases at the brick-and-mortar stores of participating retailers.
  • 36. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Global Payments (USA) to Provide Credit Card Processing Services for Truist Financial Corporation For any queries, Please write to marketing@itshades.com 30 Solution Description Global Payments Inc., a leading worldwide provider of payment technology and software solutions, announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation, to process the bank’s consumer, commercial and small business credit card portfolios.Truist, the sixth largest commercial bank in the United States, will have access to a suite of market-leading solutions across the TSYS product ecosystem, including the TS2® processing platform, and will also take advantage of TSYS’ card and statement production capabilities.Truist is expected to begin conversion-related activities in late 2021 to begin utilizing TSYS’issuer processing services in 2022. Terms of the long-term agreement were not disclosed.Global Payments Inc.is a leading pure play payments technology company delivering innovative software and services to our customers globally. their technologies, services and employee expertise enable us to provide a broad range of solutions that allow their customers to operate their businesses more efficiently across a variety of channels around the world. Headquartered in Georgia with nearly 24,000 employees worldwide, Global Payments is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America.
  • 37. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Johnson Controls (Ireland) introduces LUX® KONOse for senior care market For any queries, Please write to marketing@itshades.com 31 Solution Description Johnson Controlsannounced one of the first smart thermostat products to address the senior care market. Designed with seniors in mind, the LUX® KONOse offers increased visibility, focused ease of use and adjustment assurance to create the best experience for residents of senior living facilities. The Energy Star® certified thermostat is the latest innovation from the Johnson Controls brand of LUX Products, which are known for their intuitive design and technology. The introduction of the KONOse also marks the start of an exciting new collaboration between Johnson Controls and K4Connect, a leading technology partner for senior living communities.The KONOse is an extension of the KONO smart suite of products for commercial facilities. To increase visibility, Johnson Controls designed the KONOse with larger primary and secondary digits as well as enhanced backlight options for ideal viewing in all environments.And on the connectivity front, the KONOse offers a host of features to help facility managers and residents alike effortlessly control comfort and savings. It leverages the power of the Z-wave smart home technology hub, allowing managers to easily connect all smart devices throughout the facility. The thermostat is also compatible with the LUX app so users can make temperature and scheduling adjusts from any device.Through Johnson Controls design partnership with K4Connect, the LUX KONOse is now part of the most advanced enterprise technology solution in senior living. Built specifically for residents, staff and operators, K4Connect helps deliver a great experience for residents while providing insights to help operators improve their overall business health.
  • 38. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable RICOH (Japan) launches RICOH Standard DNA Series of reference DNA plates that overcome challenges in PCR testing For any queries, Please write to marketing@itshades.com 32 Solution Description Ricoh Company, Ltd. will begin marketing its newly developed the RICOH Standard DNA Series as a reference materialfor genetic testing applications where PCR is used.The RICOH Standard DNA Series uses Ricoh's proprietary bioprinting technology to enable a specific number of DNA molecules, in units of one, to be injected into containers used for genetic testing. This means that the accuracy of detection in PCR tests can be assured even in low concentrations of under 100 molecules.Previously Ricoh supplied reference DNA plates for noroviruses, but it has now expanded the use of this product by developing reference DNA plates for specific types of viruses, including novel coronavirus. Currently, these are only available in Japan.In principle, PCR is a high-performance genetic testing method that can detect DNA even at the level of a single molecule by amplifying it. In reality, extremely small amounts of DNA cannot be detected in some tests because of inadequate precision control in the apparatus or imperfect performance and quality of reagents. Therefore, “false negatives” occur, where viruses cannot be detected even though the person is infected, and this makes accurate diagnosis of viral diseases challenging.The accuracy of PCR tests is determined by their sensitivity and specificity. Sensitivity refers to the proportion of cases in which people infected with the virus are correctly identified as “positive". Specificity refers to the proportion of cases in which people who are not infected with the virus are correctly identified as "negative.” One of the reasons for inaccurate detection may be insufficient verification of the sensitivity and specificity of the PCR test.
  • 39. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Epson (Japan) Launches Power-efficient 32-bit Microcontroller with an Arm®Cortex®-M0+ Processor For any queries, Please write to marketing@itshades.com 33 Solution Description Seiko Epson Corporation will add a new microcontroller unit to the company's S1C31W series of MCUs. The S1C31W73 has an Arm®Cortex®-M0+ processor and on-chip Flash memory. Epson plans to produce 200,000 units per month when volume production begins in July 2020.The number of functions provided in electronic equipment has been growing in recent years, and program sizes are increasing, as the amount of information is displayed. Meanwhile, equipment manufacturers need either maintain or further shrink the size of their products, making it essential to reduce the number of parts and save board space.To solve these problems, Epson developed the S1C31W73, a single-chip microcontroller that has 384 kB of built-in Flash memory and a liquid crystal driver that can directly drive a display of up to 2,560 dots. By combining Epson's strong microcontroller display driver technology with the proven Arm®Cortex®-M0+ processor, Epson will help customers to increase the functionality and performance of their products while also reducing their development burden.The S1C31W73 offer a wide range of built-in peripherals, including a USB 2.0 full-speed device controller, real-time clock, various timers, an A/D converter, and a temperature sensor. The low current consumption of this MCU-1.2 µA in RTC mode and a driving current of 150 µA/MHz-makes it ideal for extending the battery life of wearable products and for office equipment that can communicate with PCs over USB. The S1C31W73 can also be used in industrial equipment and measuring instruments because it operates at temperatures up to 105℃ (the highest operating temperature yet for an Epson MCU) and at voltages between 1.8 V and 5.5 V.
  • 40. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable VERISK (USA): M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms For any queries, Please write to marketing@itshades.com 34 Solution Description FAST, a Verisk business, announced that M Financial Group has licensed FAST software to help provide innovative products to its Member Firms and their clients. M Financial, a leading distributor of life insurance products and services, will use FAST software togenerate additional growth opportunities by developing and offering unique product solutions. The software, hosted by FAST, will serve as a key component of M Financials’ plan to accelerate its digital transformation and enhance the experience of its Member Firms and customers.Verisk, which acquired FAST in December, has developed a suite of solutions that apply advanced analytics, automation, and machine learning to current and emerging data sources. The solutions are designed to transform existing workflows in life insurance underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modelling. With 146 Member Firms in 36 states and the United Kingdom, M Financial Group is one of the nation’s leading financial services design and distribution companies. Since 1978, M’s network of independent insurance, investment, and executive benefit firms has served the needs of high net worth individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies.
  • 41. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Rewards & Recognition Updates Business Services Industry
  • 42. R & R Updates IT Shades Engage & Enable Boston Properties (USA)Earns 2020 ENERGY STAR® Partner of the Year For any queries, Please write to marketing@itshades.com 35 Boston Properties, Inc., the largest publicly-traded developer, owner and manager of Class A office properties in the United States, has been selected as a 2020 ENERGY STAR® Partner of the Year. Earning an ENERGY STAR Partner of the Year Award distinguishes corporate energy management programs and is the highest level of EPA recognition. Partners must perform at a superior level of energy management, demonstrate best practices across the organization and prove organization-wide energy savings. BXP is a well-established leader in energy efficiency and has widely adopted public energy use intensity reduction goals. The Company has reduced the energy use intensity of its actively-managed office buildings 27 percent and has a standing goal to reduce energy use intensity 32 percent by 2025. In 2019, 45 BXP buildings earned the ENERGY STAR rating and the Company achieved an average ENERGY STAR score of 71 across its actively-managed and eligible in-service portfolio. In addition to the recent ENERGY STAR Partner of the Year Award, BXP’s commitment to sustainable development and operations has been recognized by numerous industry groups. BXP ranked among the top 4% of worldwide participants in the 2019 Global Real Estate Sustainability Benchmark; for the eighth straight year the Company earned a GRESB “Green Star” and achieved the highest GRESB 5-star Rating. LEED certified properties now total 24.3 million square feet, more than half of BXP’s actively-managed office portfolio, 96% of which are certified at the highest Gold and Platinum levels. BXP was also named one of America’s Most Responsible Companies by Newsweek magazine, ranking 122nd on Newsweek's 2020 list of America’s 300 Most Responsible Companies, the second highest ranking given to a public REIT and the highest ranking of any office company. R&R Description
  • 43. R & R Updates IT Shades Engage & Enable CBRE (USA)Named An “All Star” Outsourcing Firm, Recognized For “Sustained Excellence” For any queries, Please write to marketing@itshades.com 36 CBRE Group, Inc. announced that the company has been recognized as an “All Star” firm in IAOP®’s annual assessment of global outsourcing companies across all industries. IAOP also recognized CBRE for “sustained excellence” for its continued high performance in the program over the last several years. The 2020 Global Outsourcing 100 recognizes the world’s best outsourcing service providers and advisors. This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organizations. CBRE again achieved top honors in all the program’s judging categories this year, including customer references, awards and certifications, programs for innovation and programs for corporate social responsibility. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm. The company has more than 100,000 employees and serves real estate investors and occupiers through more than 530 offices worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. R&R Description
  • 44. R & R Updates IT Shades Engage & Enable Moody’s (USA) Named to DiversityInc’s Top 50 List For any queries, Please write to marketing@itshades.com 37 Moody’s Corporation announced that it has been named for the first time to DiversityInc’s Top 50 Companies for Diversity, premiering at number 45 on the list. Moody’s was also recognized as a Top 29 Company for LGBT employees on DiversityInc’s specialty list.The DiversityInc Top 50 Companies for Diversity Process is a leading assessment of diversity management for US corporations. With more than 1,000 participants, DiversityInc's rankings are empirically driven, based on company-submitted data in six key areas: leadership accountability, human capital diversity metrics, talent programs, workforce practices, supplier diversity, and philanthropy.Moody’s promotes a diverse and inclusive workforce globally, including through its Employee Resource Groups, which support the recruitment, development and retention of women, minorities, LGBT people, and veterans. Through its Supplier Diversity Program, the company also makes a concerted effort to increase its partnerships with minority suppliers.The company is also committed to supporting underserved communities in locations where it operates. Moody’s continues to hone its Corporate Social Responsibility program to strategically focus on societal issues that it is uniquely positioned to help address. Through Moody’s Reshape Tomorrow™ initiative, the company has developed partnerships with nonprofits to support women-and minority-owned small business owners. R&R Description
  • 45. R & R Updates IT Shades Engage & Enable Rentokil Initial (UK) awarded The Queen’s Award for Enterprise for Innova- tion 2020 For any queries, Please write to marketing@itshades.com 38 Rentokil Initial plc is delighted to announce that it has been awarded The Queen’s Award for Enterprise for Innovation for Lumnia, the world’s first commercial range of insect light traps that use LED lighting rather than traditional fluorescent tubes, reducing energy usage by up to 70%. For decades, the global pest control industry has used traditional fluorescent tubes to attract flying insects into control units which are highly energy inefficient, unattractive and use tubes which contain mercury, therefore requiring careful waste disposal.In addition to the energy and emissions reduction, another benefit of our LED technology is that the horizontal reach of UV light emitted from the LED bulbs is 80% greater than traditional fluorescent tubes. This gives Lumnia a greater range over which it is attractive to flies while using less power.This year’s award builds upon earlier success in 2017 when the Rentokil Initial was awarded The Queen’s Award for Enterprise for International Trade, and in 2018, when the company was awarded The Queen’s Award for Enterprise for Innovation for its PestConnect digital pest control system.Left unmanaged, a small fly problem has the potential to develop into a severe infestation in a matter of days. Flying insects such as fruit flies, drain flies and ever-present house flies can transmit a multitude of different pathogens, causing significant risk to health and consequent impact on a business's staff, customers and its bottom line. It is a persistent problem across many countries and industries with: • 11% of businesses reporting flies as a leading cause of staff illness • 64% of businesses worrying over compensation claims caused by flies R&R Description
  • 46. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Customer Success Updates Business Services Industry
  • 47. Customer Success Updates IT Shades Engage & Enable Digital Realty (USA)Reaches New Wind Energy Agreement to Power Texas Data Centers For any queries, Please write to marketing@itshades.com 39 Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced a new 7.5-year power and renewable energy credit agreement with Citi to supply clean, renewable energy for Digital Realty's portfolio of data centers in the Dallas, Texas region. This contract will advance Digital Realty's environmental and sustainability goals by supplying approximately 30% of the company's power needs in this market. The transaction provides Digital Realty with over 260,000 megawatt-hours of renewable energy annually, which represents 55% of the wind generation project output being developed by Bearkat Wind Energy II, LLC. The energy provided through the 162-megawatt project in Glasscock County will serve a portion of the power needs of Digital Realty's 13 data centers in the Greater Dallas, Texas region. The wind power agreement represents another significant step Digital Realty has taken to extend sustainability initiatives across its global portfolio. In early April, Digital Realty was named a 2020 ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency for its efforts to protect the environment through energy efficiency achievements across its data center portfolio. In 2019, Digital Realty certified an industry-leading 29 data centers under the ENERGY STAR program. Description
  • 48. Customer Success Updates IT Shades Engage & Enable Bambu Taps Next-Generation FIS (USA) Platform to Bring Mobile-Only Banking Services to Unbanked Consumers For any queries, Please write to marketing@itshades.com 40 Financial technology leader FIS™, a global leader in financial services technology, announced that fintech startup Bambu has selected FIS’ next-generation Modern Banking Platform to power a new digital banking solution for U.S. unbanked and underbanked. Memphis-based neobankBambu has created a financial mobile banking application to provide convenient and reliable services to underbanked Hispanic and other populations in the U.S. who lack access to bank accounts or other traditional financial services. According to the FDIC1, more than 25% of U.S. households are either unbanked or underbanked. Bambu’s mobile solution offers FDIC-insured prepaid accounts, domestic and international bill payments and remittances, peer-to-peer transfers, check deposits, retail cash loading and other services. As Bambu prepared to launch its new business model to serve this consumer group, the startup needed a modern, component-based core banking platform to support its business needs. The recently announced FIS Modern Banking Platform provides Bambu with the latest technology that delivers advanced digital functionality, flexibility and openness along with mission-critical scalability and resiliency. Through its modular, cloud-native architecture and integration with open application programming interfaces, the Modern Banking Platform will enable Bambu to bring new banking products to market quickly and comply with changing bank regulations. The FIS solution will be delivered via a software as-a-service model that will allow Bambu to speed deployment while minimizing capital investments. Description
  • 49. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Partner Ecosystem Updates Business Services Industry
  • 50. Partner Ecosystem Updates IT Shades Engage & Enable MELIÁ Hotels International Signs an Agreement with Bureau Veritas (France) To Certify the Safe Opening of Its Hotels For any queries, Please write to marketing@itshades.com 41 Meliá Hotels International, a reference in the hotel sector, and Bureau Veritas, a leader in testing, inspection and certification, have signed an international agreement for Global Safe Site certification. This is based on "Stay Safe by Meliá", a program for compliance with preventive health and safety measures that establishments in more than 40 countries must carry out as a result of the COVID-19 pandemic. The certification scheme has been designed to verify that Meliá Hotels International has correctly implemented these safety standards and hygiene and disinfection procedures at its hotels. The certification will cover the needs of the hotel and catering industry by setting health standards at all Meliá hotels which can be applied to other companies in the sector. A final output of the certification agreement will be the creation of an operational guide. This will serve Meliá Hotels International as a roadmap, enabling it to rigorously apply the health and safety recommendations of the World Health Organization and public authorities in each country. Description
  • 51. Partner Ecosystem Updates IT Shades Engage & Enable IHS Markit (UK), KPMG Expand Tax Solutions Alliance For any queries, Please write to marketing@itshades.com 42 IHS Markit, a world leader in critical information, analytics and solutions, announced it has expanded its alliance with KPMG for global tax solutions and services.Through the alliance, KPMG’s Information Reporting and Withholding professionals will train end-users on the IHS Markit Tax Solutions toolset for tax form validation and due diligence, withholding, transactional taxes, such as Section 871(m) and other operational tax solutions.IHS Markit Tax Solutions streamline tax compliance with its secure electronic platforms reducing the resource burdens of tax, onboarding and accounts payable teams. In-house specialists provide customers support in over 150 jurisdictions.IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. Description
  • 52. Partner Ecosystem Updates IT Shades Engage & Enable Marquette University (USA), Industry Partners Announce President’s Challenge for Covid-19 Response For any queries, Please write to marketing@itshades.com 43 Marquette University in partnership with American family insurance has announced a special President’s Challenge to address needs in Milwaukee’s community that have been created or magnified by the COVID-19 pandemic.American Family joins the ongoing support of Johnson Controls Foundation in developing this grant program, which provides funding for interdisciplinary teams of faculty, staff and students from the Marquette community for innovative and collaborative work that represents critical areas in the community’s recovery efforts. Partnerships with community organizations are highly encouraged from the ideation phase through the development of the proposal.The President’s Challenge will support proposals with up to $50,000 of grant funding for one year and will be selected from each of the following focus areas: • Mental health and wellness • Economic revitalization • Health services Description
  • 53. Partner Ecosystem Updates IT Shades Engage & Enable Paychex (USA) Aligns with FinTech Providers to Help Businesses Rapidly Apply for New Paycheck Protection Program Funding, Once Available For any queries, Please write to marketing@itshades.com 44 Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions,announced it has aligned with online lending providers Biz2Credit, Fundera, and Lendio, to offer businesses in most states the opportunity to more rapidly apply for new loan funding, once available, by beginning the application process now.The Small Business Administration began accepting PPP loan applications on April 3 and announced the $349 billion in emergency funding for small businesses exhausted on April 16. Through the offering with Biz2Credit, Fundera, and Lendio, Paychex clients will be able to complete the loan application while the program awaits additional funding by Congress. During this time, Biz2Credit, Fundera, and Lendio will assist clients in preparing applications for submission once new program funds are available.Biz2Credit, Fundera, and Lendio offer free online solutions for borrowers to complete loan applications without going into a bank. To begin the process, employers looking to connect with approved lenders need to visit this paychex.com page, select one of the three lending networks, fill out a short questionnaire, and securely upload required documentation, which is available via a specially designed Paychex PPP report. Having helped facilitate the distribution of millions of PPP loan dollars already, all three platforms offer similar value with the primary difference being the selection of SBA-approved lenders each has within its network. Customers can choose which of the three works best for them, should they have a preferred lender based on research, recommendation, or previous experience. Description
  • 54. Partner Ecosystem Updates IT Shades Engage & Enable NH Hotel Group and SGS (Switzerland) Announce Collaboration on A Global Disinfection Assessment Label For any queries, Please write to marketing@itshades.com 45 NH Hotel Group, a consolidated multinational operator and one of the leading urban hotel companies in Europe and America, and SGS, the world’s leading inspection, verification, testing and certification company, have combined their experience and knowledge in the development of a protocol of measures and assessments, which will allow the Group's operations to be reactivated with maximum health and safety guarantees.In order to preserve the safety of travelers and team members, as well as to comply with and generate confidence in the face of society's new expectations in terms of hygiene and protection, NH Hotel Group and SGS are pleased to announce their collaboration on a project that redefines and extends the health protocols applicable to the operations of the Group's hotels and that will enable them to be assessed as clean and safe environments with a view to their reopening.The new processes, which will include the revision and adaptation of all hygiene and disinfection protocols of the facilities, specific training for employees and control and monitoring of the measures, will be implemented in the hotels so that they are ready to receive their assessment seal as they recover their activity. Effective immediately, the NH Collection Barbizon Palace hotel in Amsterdam, currently in operation, will be the first establishment where the company and SGS will apply these health standards for it to be monitored. Description
  • 55. Partner Ecosystem Updates IT Shades Engage & Enable Radisson Hotel Group Partners with SGS (Switzerland) In Global Commitment to Cleanliness and Hygiene For any queries, Please write to marketing@itshades.com 46 Radisson Hotel Group announces its Radisson Hotels Safety Protocol, a new program of in-depth cleanliness and disinfection procedures, in partnership with SGS, the world’s leading inspection, verification, testing and certification company.One of Radisson Hotel Group’s highest priorities is the continued health, safety and security of its guests, team members, and business partners. The company has conducted a thorough review of all existing health and safety processes and worked with a team of experts to develop and validate additional protocols. These enhanced protocols, operational guidance and comprehensive health and safety procedures validated by SGS, will be adapted based on local requirements and recommendations, to ensure guests’ safety and peace of mind from check-in to check-out. Radisson Hotels Safety Protocol will further strengthen Radisson Hotel Group’s existing rigorous sanitation, cleanliness and disinfection guidelines at hotels globally.These guidelines include hand sanitizing stations at all entrances, the use of Personal Protective Equipment and protective screens, enhanced and recorded cleaning and disinfection frequency, social distancing in all areas of its hotels, including in the Meeting & Event facilities, training in local, Centers for Disease Control, or World Health Organization recommendations and health guidelines, reiteration of food safety standards and comprehensive staff training. Radisson Hotel Group’s enhanced cleaning and disinfection guidelines have been developed in collaboration with global hygiene solutions provider, Diversey, by uniting best-in-class cleaning and hygiene solutions with reinforced protocols and patented technology designed for healthcare. Description
  • 56. Partner Ecosystem Updates IT Shades Engage & Enable SGS (Switzerland) Joins Oxford University Consortium Led by The Jenner Institute to Develop Covid-19 Vaccine For any queries, Please write to marketing@itshades.com 47 SGS has joined forces with specialists in infectious diseases, research and innovation, and pharmaceuticals to rapidly develop, scale-up and produce a potential vaccine called ChAdOx1 nCov-19.With many concluding that a vaccine is the only way of safely and effectively unlocking the world from this pandemic, the COVID-19 Oxford Vaccine Trial could provide that crucial vaccine.This work is funded by the Rapid Research Response initiative set up by UK Research and Innovation, and by the Department of Health and Social Care through the National Institute for Health Research and the Oxford Biomedical Research Centre. The study has also received financial support from the Coalition for Epidemic Preparedness Innovations and the Chinese Academy of Medical Sciences' Innovation Fund.The University of Oxford highlighted that preclinical testing of the ChAdOx1 nCoV-19 vaccine is being conducted, and development and scale-up of manufacturing to produce millions of doses is being carried out by the University of Oxford, the Vaccine Manufacturing and Innovation Centre and other partners. Already, researchers have started screening healthy volunteers for the upcoming vaccine trial in the Thames Valley Region.In addition to this essential collaboration, SGS is also actively involved in other confidential vaccines and COVID-19 vaccine candidates.As pioneers in the development of the biosafety testing industry, SGS's Life Sciences team is proud to be part of this crucial project. Description
  • 57. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Miscellaneous Updates Business Services Industry
  • 58. Miscellaneous Updates IT Shades Engage & Enable Experian (Ireland) agrees support package to help protect business credit scores For any queries, Please write to marketing@itshades.com 48 Experian, and other credit reference agencies, have confirmed new guidance to minimize the impact to a business’s credit report during the Covid-19 pandemic. Lenders can now offer an ‘emergency payment freeze’ to businesses that may be worried about meeting regular payments because of the pandemic. Once agreed, lenders should not report a build-up of arrears to the four designated CRAs - Experian, Credit safe, Dun and Bradstreet, and Equifax ensuring the impact to business credit reports are minimized from this forbearance during the agreed timeframe. In line with the latest FCA guidance, organizations are expected to act in the best interests of their customers and show greater flexibility at this difficult time. Lenders will decide whether to offer affected businesses the emergency payment freeze based on their circumstances. The guidance covers both the voluntary Credit Account Information Sharing and the Government’s mandatory Commercial Credit Data Sharing scheme, which covers Current Account Turnover data as well as credit accounts. If a business falls behind on their payments without agreeing a payment freeze, including cancelling their direct debits, then the usual reporting position from lenders will apply. As part of its response plan to support businesses, Experian has confirmed organizations can gain free access to it’s My Business Profile service for three months. My Business Profile gives customers full visibility of their business credit profile, enabling them to manage it during this difficult period. Description
  • 59. Miscellaneous Updates IT Shades Engage & Enable Us Cares Act (USA) Introduces OTC Monograph Reform For any queries, Please write to marketing@itshades.com 49 The US CARES Act includes OTC Monograph provisions to reform and modernize the regulatory framework for OTC drug products.The Coronavirus Aid, Relief, and Economic Security Act, introduced into Congress to provide economic relief for many families and small businesses, was signed into law. Included in the CARES Act were reform measures for the Over the Counter Drug Monograph process that attempts to reform and modernize the program.The traditional monograph process, in place since 1972, was a multi-step and resource intensive process which required the US Food and Drug Administration to issue an Advance Notice of Proposed Rulemaking before issuing a Tentative Final Monograph and finally publishing the Final Monograph. Between each step was a public comment period. The reformed law allows the FDA to issue administrate orders in response to OTC Monograph Order Requests. These requests can be either FDA or industry initiated. Additionally, new annual user fees will be assessed for any OTC monograph drug facility. Description
  • 60. Miscellaneous Updates IT Shades Engage & Enable SGS (Switzerland) Gains Accreditation to Test and Validate Power Generating Units Under Spain’s New Grid Connection Code For any queries, Please write to marketing@itshades.com 50 SGS is leading the way in Europe after gaining Norma Tecnica de Supervision accreditation in Spain for the testing and validation of simulation models for Power Generating Units in accordance with the EU Regulation 2016/631.The standard, which aims to assist the roll out of renewable power generation throughout Europe, sets out requirements for new generators to be connected to the grid. These requirements are divided into four categories depending on the power rating of the final plant and the voltage at the grid connection point.This accreditation means SGS can test and validate simulation models for power generating units such as PV Inverters and other components of distributed energy resources plants, such as Power Plant Controllers and STATCOM, amongst others.SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world. Description