JOHANNESBURG, SOUTH AFRICA--(October 05, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (UEPS) (JSE:NT1) today announced that it has entered into a share subscription agreement with Blue Label Telecoms Limited ("Blue Label") (JSE:BLU) to subscribe for approximately 117.9 million shares in Blue Label, at a subscription price of ZAR16.96 per share, representing a 10% discount to ZAR18.84, being the 30-day volume weighted average price of a Blue Label share traded on the Johannesburg Stock Exchange ("JSE") to September 29, 2016. The aggregate subscription consideration payable by Net1 is ZAR2.0 billion ($144.0 million). Following implementation of the subscription, Net1 will own approximately 15% of the issued ordinary shares in Blue Label. Net1 expects to settle the subscription consideration through a combination of cash resources, debt instruments and an equity issuance of five million shares of common stock, at an issue price of $9.00 per share. Following implementation of the subscription, which is subject to the finalization of the financing package and the approval of Blue Label shareholders, Net1 will be entitled to nominate a director to Blue Label's board.

MAYNARD, Mass., Aug. 11, 2016  -- Acacia Communications, Inc. (ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its second quarter ended June 30, 2016.

 

“Our record second quarter results exceeded our expectations across the board and reflect the success of our disruptive technology in transforming cloud, content and communications networks.  These results are a testament to our strategy and demonstrate our leadership position in the high-growth 100G plus optical networking market,” said Raj Shanmugaraj, President and CEO of Acacia Communications, “We continue to see strong global demand for our products, driven by metro and inter-data center network infrastructure buildouts.” 

AUSTIN, Texas, Aug. 03, 2016  -- Sizmek Inc. (SZMK) (“Sizmek” or the “Company”), a global open ad management company that delivers omnichannel campaigns, today announced that it has entered into a definitive agreement with affiliates of Vector Capital (“Vector Capital” or “Vector”), a technology-focused private equity firm, under which an affiliate of Vector will acquire all of the outstanding shares of Sizmek common stock for $3.90 per share in an all-cash tender offer (the “Vector Agreement”).

 

Vector Capital, founded in 1997, is a San Francisco-based private equity firm that partners with management teams to transform and grow technology businesses.  Over its history, Vector has invested $1.6 billion in more than 40 technology companies, including in the advertising technology space.

 

“We believe this transaction provides Sizmek with the resources and flexibility to execute upon our long term strategy of becoming the leading independent, global ad management platform,” said Neil Nguyen, President and Chief Executive Officer of Sizmek.  “We are excited to partner with Vector and believe this transaction benefits our customers, employees, partners and shareholders.”

Revenue for the Fiscal Year Expected to Be $165 Million, a 28% Increase, and Adjusted EBITDA Expected to Be $4.1 Million, a 400% Increase Over Prior Year

NEW YORK, NY--(June 23, 2016) - Staffing 360 Solutions, Inc. (STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK, today pre-announced its unaudited financial results for the fiscal year ended May 31, 2016.

 

Subject to the completion of Staffing 360 Solutions' audit, the results are expected to be as follows:

 

Revenue of $165 million, a 28% increase compared to $129 million in the prior year,

Gross profit of $29 million, a 26% increase compared to $23 million in the prior year;

Adjusted EBITDA of $4.1 million, more than a 400% increase over the prior year of $750 thousand and a new record level for the company.

In addition, the fiscal fourth quarter results over the prior year period are expected to be as follows: