Latest news with #Navex
Bloomberg
5 days ago
- Business
- Bloomberg
BC Partners Said to Ink $2.5 Billion Sale of Software Firm Navex
BC Partners has agreed to sell a majority stake in compliance software firm Navex to a consortium led by Goldman Sachs Asset Management in a deal valued at more than $2.5 billion, according to people familiar with the matter. Blackstone Inc. will also become a minority investor in Navex as part of the transaction, said the people, who asked not to be identified because the information is private. BC Partners, which is set to retain a stake as well, could announce a deal as soon as the next few days, the people said.
NZ Herald
14-05-2025
- Business
- NZ Herald
Foreign bribery: Serious Fraud Office launches campaign and online reporting tool
'Our national advertising campaign and new reporting platform is a crucial step in making it easier and safer for people to come forward,' Chang said. In previous cases, the SFO said it had found the best way to detect foreign bribery was from whistleblowers. However, fear of retaliation, reputational damage or career consequences often stops people from reporting information, the SFO said. 'We know that anonymous reporting can be difficult in New Zealand's close-knit communities and professional networks. We also recognise that foreign bribery is not widely understood as a crime type. 'That's why we are launching a national advertising campaign and investing in a platform that protects identities while allowing secure follow-up with our investigators. The service will be accessible in multiple languages to reach as many people as possible.' The online platform will be encrypted to make for 'a highly secure communication channel', the SFO said, using 'WhistleB', a platform from global security firm Navex. Chang said the platform was similar to tools already used by other regulators and would be configured to meet 'the highest possible settings for privacy and data security'. She said it also aligned with recommendations from international bodies like the Organisation for Economic Co-operation and Development (OECD). 'Our message is simple: if you see something, report it. If you're unsure, get in touch anyway,' Chang said. 'We all have an interest in ensuring that business is conducted ethically and in a way that enhances New Zealand's reputation as an attractive place to invest.'
Yahoo
01-05-2025
- Business
- Yahoo
Advanced Energy Industries Inc (AEIS) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Advanced Energy Industries Inc (NASDAQ:AEIS) reported a 24% year-over-year increase in revenue, driven by strong performance in data center computing and semiconductor sectors. The company achieved a gross margin of 37.9%, which was better than expected due to improvements in operational efficiency and favorable product mix. AEIS is experiencing strong demand for its new products, with significant traction in the semiconductor market, particularly for its Evos, Everest, and Navex products. The company has a diversified manufacturing footprint, which helps mitigate the impact of tariffs and optimize production to meet customer needs. AEIS has a strong balance sheet, enabling it to pursue strategic acquisitions and invest in capacity and capability for growth. Industrial and medical revenue declined by 16% sequentially and 23% year-over-year, primarily due to ongoing inventory destocking and weaker demand. The company faces macroeconomic uncertainty and potential impacts from new tariffs, which could affect the pace of recovery in certain markets. Visibility into the second half of the year is limited, with potential challenges in maintaining growth momentum amid economic uncertainties. Operating expenses are expected to increase due to investments in new products and annual merit increases, which could impact profitability. The industrial and medical segment continues to face challenges, with a need for potential acquisitions to gain critical mass and improve performance. Warning! GuruFocus has detected 6 Warning Signs with AEIS. Q: Are you projecting a flat WFE (Wafer Fab Equipment) market, and how does your 10% growth outlook compare? A: We estimate WFE to be up 0-5% this year. Our projected 10% growth is above market due to factors like increased edge and depth intensity in leading-edge processes, strong traction of new products, and significant presence in logic and DRAM areas. - Steve Kelly, President and CEO Q: Can you provide insights on the potential tariff impact in the second half of the year? A: Most of our sales are to large companies that manage tariff issues themselves. Our exposure is mainly in industrial medical, with products built in Mexico and the Philippines. Many products are USMCA compliant, minimizing tariff impact. - Steve Kelly, President and CEO Q: What are the plans for improving the Industrial and Medical (I&M) segment, and is an acquisition necessary? A: Short-term, the I&M market is still recovering from excess inventories. Long-term, we aim to gain share through sole-source business and new design wins. Acquisitions are likely in I&M due to its fragmented market and sole-source positions. - Steve Kelly, President and CEO Q: How do you view the potential for high-volume production of Evos and Everest products? A: High-volume production will significantly exceed current levels. We've seeded the market with qualification units, and as they qualify, production ramps will start, increasing both unit and dollar market share. - Steve Kelly, President and CEO Q: What is the outlook for data center growth, and can you meet higher demand? A: We have strong visibility for 2025 with solid forecasts. We're increasing CapEx to support high-power requirements, positioning us to capitalize on higher volumes. - Paul Odom, Executive Vice President and CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Advanced Energy Industries Inc (AEIS) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Advanced Energy Industries Inc (NASDAQ:AEIS) reported a 24% year-over-year increase in revenue, driven by strong performance in data center computing and semiconductor sectors. The company achieved a gross margin of 37.9%, which was better than expected due to improvements in operational efficiency and favorable product mix. AEIS is experiencing strong demand for its new products, with significant traction in the semiconductor market, particularly for its Evos, Everest, and Navex products. The company has a diversified manufacturing footprint, which helps mitigate the impact of tariffs and optimize production to meet customer needs. AEIS has a strong balance sheet, enabling it to pursue strategic acquisitions and invest in capacity and capability for growth. Industrial and medical revenue declined by 16% sequentially and 23% year-over-year, primarily due to ongoing inventory destocking and weaker demand. The company faces macroeconomic uncertainty and potential impacts from new tariffs, which could affect the pace of recovery in certain markets. Visibility into the second half of the year is limited, with potential challenges in maintaining growth momentum amid economic uncertainties. Operating expenses are expected to increase due to investments in new products and annual merit increases, which could impact profitability. The industrial and medical segment continues to face challenges, with a need for potential acquisitions to gain critical mass and improve performance. Warning! GuruFocus has detected 6 Warning Signs with AEIS. Q: Are you projecting a flat WFE (Wafer Fab Equipment) market, and how does your 10% growth outlook compare? A: We estimate WFE to be up 0-5% this year. Our projected 10% growth is above market due to factors like increased edge and depth intensity in leading-edge processes, strong traction of new products, and significant presence in logic and DRAM areas. - Steve Kelly, President and CEO Q: Can you provide insights on the potential tariff impact in the second half of the year? A: Most of our sales are to large companies that manage tariff issues themselves. Our exposure is mainly in industrial medical, with products built in Mexico and the Philippines. Many products are USMCA compliant, minimizing tariff impact. - Steve Kelly, President and CEO Q: What are the plans for improving the Industrial and Medical (I&M) segment, and is an acquisition necessary? A: Short-term, the I&M market is still recovering from excess inventories. Long-term, we aim to gain share through sole-source business and new design wins. Acquisitions are likely in I&M due to its fragmented market and sole-source positions. - Steve Kelly, President and CEO Q: How do you view the potential for high-volume production of Evos and Everest products? A: High-volume production will significantly exceed current levels. We've seeded the market with qualification units, and as they qualify, production ramps will start, increasing both unit and dollar market share. - Steve Kelly, President and CEO Q: What is the outlook for data center growth, and can you meet higher demand? A: We have strong visibility for 2025 with solid forecasts. We're increasing CapEx to support high-power requirements, positioning us to capitalize on higher volumes. - Paul Odom, Executive Vice President and CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
