Branham300 Names GuestLogix the #3 Mobile Technology Company in Canada

GuestLogix Inc. (GXI.TO), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, has been named the number three Canadian Mobile Technology Company on the 2014 Branham300 list. This recognition by Branham300 acknowledges GuestLogix for its revenue growth and innovative technology as well as its contribution to the economy both nationally and provincially.

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Constant Contact Announces Preliminary First Quarter 2014 Financial Results

Company Accelerates Revenue Growth and Expects to Deliver More than 15% Revenue Growth in the First Quarter
Company Raises Full-year Revenue Guidance

Constant Contact®, Inc. (CTCT), which helps more than half a million small organizations create and grow relationships with their customers through a suite of online marketing tools, today announced preliminary financial results for the first quarter ended March 31, 2014.

For the first quarter of 2014, Constant Contact currently expects to report the following financial results:

  • Revenue in the range of $78.7 million to $78.8 million, representing more than 15% year-over-year growth;
  • GAAP net income in the range of $650,000 to $750,000;
  • Adjusted EBITDA margin in the range of 13.5% to 13.7%; and
  • Adjusted EBITDA in the range of $10.6 million to $10.8 million.
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TriNet Prices Initial Public Offering

 TriNet Group, Inc. today announced the pricing of its initial public offering of 15,000,000 shares of common stock at a price to the public of $16.00 per share.  The shares are being offered by TriNet.

The shares are expected to commence trading on March 27, 2014 on the New York Stock Exchange under the symbol "TNET." In addition, the underwriters have been granted a 30-day option to purchase up to 2,250,000 shares of common stock from stockholders affiliated with General Atlantic LLC. TriNet will not receive any proceeds from any sale of shares by such stockholders.

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Food Technology Service, Inc. to Be Acquired by Sterigenics International LLC for $7.23 Per Share in Cash

Food Technology Service, Inc. (VIFL) (the “Company” or “FTSI”), a regional provider of sterilization services, announced today that it entered into a definitive merger agreement, dated December 5, 2013, under which the Company will be acquired by an affiliate of Sterigenics International LLC (“Sterigenics”), a portfolio company of GTCR, LLC. Under the terms of the merger agreement, upon completion of the transaction, the shareholders of the Company (other than holders of excluded shares and dissenting shares, as described in the merger agreement) will receive $7.23 per share in cash. The purchase price represents a premium of 28.4% over the Company’s closing share price on December 5, 2013 and a premium of 27.2% over the Company’s average closing share price for the 30 trading days ending on December 5, 2013.

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PRGX Global, Inc. Announces Third Quarter 2013 Financial Results

Best Quarter in Over Five Years for Revenue and Adjusted EBITDA

Operating Highlights

  • Q3 2013 revenue of $53.4M, an increase of 2.5% over Q3 2012 and 6.4% over Q2 2013
  • Q3 2013 Adjusted EBITDA of $10.8M, an increase of 21.9% over Q3 2012 and 34.1% over Q2 2013
  • Q3 2013 gross margin improved 450 basis points over Q3 2012 and 496 basis points over Q2 2013
  • Global Recovery Audit Services achieved gross margin of 45% as cost-to-serve reduction program continues
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