signed deal

  • Tessa Bousfield posted an article
    Beanstream announced the signing of a definitive agreement to be acquired by Bambora Group. see more

    Victoria – Sept. 17, 2015 – Beanstream Internet Commerce, Inc.  a Victoria-based Payment Provider, announced the signing of a definitive agreement to be acquired by the Swedish fintech innovator, Bambora Group. Bambora plans to leverage this new business combination to enter the North American market. Bambora’s ambition is to become a global one-stop-shop with the same unique offer, services and customer experience regardless of where their clients are located. The goal? To become one of the industry’s most innovative and growth-focused payment companies globally.

     

    Beanstream - a provider of omni-channel payment processing, risk management and authentication services – was founded in Victoria, BC in 2000.  This is the fourth time Beanstream has been acquired in the past seven years. Bambora’s plan to acquire Beanstream is a result of its ambition to become a global player with an anchor in North America.

     

    Beanstream has a long history and exceptional reputation in the Canadian small to mid-sized business market, its proven platform and its momentum in the U.S., complement  

    Bambora’s current strategy to efficiently enter the North American market. Leadership for Bambora North America will be based in Victoria, with a large incremental investment being made to grow the local team.

     

    The Bambora Group was launched in May this year already handles more than $50 billion in transaction value a year, of which more than 70 percent is online. Bambora has 520 employees with offices in seven countries. The Victoria office will be the first within North America. The group consists of industry innovators, engineers, financial advisors, marketers and digital developers who all share a common goal – simplifying trade between people, in-store as well as online and using mobile devices.

     

    With a core focus on developers and platform of choice for makers and thought-shapers, there will be a strong partnership approach. Collaboration with startups to high-growth companies, a number of which are local to Victoria, will enable Bambora’s success in Victoria and the rest of North America.

     

    Subject to closing conditions, the transaction is expected to be finalized in September 2015. The terms of the transaction were not disclosed.

     

    “Beanstream at its core is an entrepreneurial organization, which closely complements Bambora’s culture. The opportunity to work with some of the best and brightest thought leaders in the industry and collaborate on innovative technology that we can bring to North America is extraordinarily exciting for our team,” said Craig Thomson, president of Beanstream.  

     

    “We are acquiring the best and most innovative startups in the payments market that share our values and strong belief in simplifying trade between people on a global level. Beanstream is a perfect fit for our strategy. Together we will be able to create great products for the North American market and fuel new innovations,” said Johan Tjärnberg, CEO of Bambora Group. 


     

    About Beanstream
    Since 2000, Beanstream has provided payment, risk management and authentication solutions to some of North America’s leading companies and institutions.

     

    Beanstream has forged relationships with major financial institutions, built a network of more than 700 partners and 18,000 merchants, and provides white label solutions for First Data Canada, TD Bank and Sage Payroll. Customers include online and brick-and-mortar merchants, governments, and financial and higher education institutions. Beanstream is located in Victoria, British Columbia, Canada.

     

    About Bambora

    Bambora Group is one of the fastest growing providers of online payment transactions with business in Europe, Australia, New Zealand and North America. Bambora consists of a consolidation of innovative payment technology companies, including Samport, MPS, ePay, DK Online, Keycorp, dSAFE, Euroline and IP Payments. The group processes more than $50 billion in transaction value a year, of which more than 70 percent is online. Bambora has 520 employees with offices in seven countries. The Bambora Group is owned by Nordic Capital Fund VIII.

     

    For more information, please contact:

    Agnes von Schulzenheim, press contact, cell: +46 (0)73-980 76 01,

    E-mail: agnes.von-schulzenheim@bambora.com

     

  • Tessa Bousfield posted an article
    Guests can now hire a highly-skilled photographer at over 35 Fairmont locations worldwide. see more

    TORONTO, ONTARIO--(Marketwired - Sep 16, 2015) -

     

    Editors Note: There is a photo associated with this press release.

    Fairmont Hotels & Resorts knows that genuine connections aren't made solely when the moment is perfectly planned but also during unexpected exchanges. With vacation photography being a top travel trend for 2015, the luxury hotel operator is making it easier than ever to ensure that life's special travel moments, planned or not, are worth sharing.

    Guests can now hire a trusted and highly-skilled photographer at over 35 participating Fairmont locations worldwide. Whether it's to capture that special birthday celebration or surprise engagement or simply to document a nice day touring the city, moments will forever be memories after a personalized photo session with Fairmont.

    The service is being delivered through a new partnership with Flytographer, an innovative photography service offering customized, candid photo shoots for travelers in over 160 cities around the globe. Gone are the days of blurry family photos taken by fellow travelers and awkward selfies - that is at least for Fairmont guests who want to ensure their travel experience is as beautiful in photos as it is in reality.

    "We have a long history of connecting travelers to the best of our destinations and providing them with exclusive access to meaningful experiences during their visit," said Alexandra Blum, vice president of public relations and partnerships for the brand's parent company FRHI Hotels & Resorts. "Now in a joint effort with Flytographer, we are introducing Fairmont guests to our destinations' best photographers. This means Fairmont experiences can now be remembered and shared through beautiful imagery that will serve as a keepsake for years to come."

    Fairmont guests who book the service can choose between 30, 60 and 90-minute photography sessions that are specially designed for them. Guests will receive an extended library of photos and enjoy the added benefit of accessing the many beautiful settings within Fairmont hotels.

    "Working with one of our photographers is like meeting a local friend, who shares insider tips, while discretely capturing incredible memories in iconic backdrops," said Nicole Smith, founder of Flytographer. "We believe that in order to truly capture memories, guests need to feel comfortable and connected to the person behind the lens. Our carefully selected photographers offer just that to deliver an unforgettable experience every time."

    Guests can share their experiences at Fairmontmoments.com, a new interactive website that features guest stories alongside specially curated content on travel destinations, food & drink, arts & culture and features from Fairmont Magazine. Tagging Fairmont memories on social media using #Fairmontmoments will also connect guests to the many travel experiences that take place each day around the world.

  • Tessa Bousfield posted an article
    As part of the deal, Go2mobi will be expanding in Canada, the U.S. and internationally. see more

    VICTORIA, BC, Sept. 16, 2015 (GLOBE NEWSWIRE) -- via PRWEB -Go2mobi, an industry-leading mobile advertising platform, has announced a strategic growth investment from H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity firm with over $19B of assets under management. As part of the deal, the Canadian company, which has sales offices in New York, San Francisco and Vancouver, will be expanding in Canada, the U.S. and internationally.

     

    H.I.G. has partnered with Go2mobi co-founders Gavin Aitken and Tom Desaulniers to support the company's continued rapid growth and investment in building world-class technology and services in the fast growing cross-screen programmatic space.

    Tom Desaulniers, Go2mobi's President and co-founder stated, "H.I.G.'s injection of growth capital will help fuel the rapid expansion of Go2mobi's advertising products to better serve our global client base."

    Go2mobi's current products include a fully-managed audience targeting platform that allows brands and agencies to execute campaigns against proprietary and third-party audience data as well as the industry's most robust self-serve programmatic advertising platform for display, video, rich media, and native ad units.

    John Kim, Managing Director at H.I.G. Growth, commented, "Go2mobi has an advanced platform for audience targeting and optimization that is delivering amazing results for large brand advertisers. H.I.G. is excited to team up with Gavin and Tom and the entire Go2mobi team to expand their industry-leading platform and services."

    Gavin Aitken, Go2mobi's CEO and co-founder said, "H.I.G. is an excellent partner for Go2mobi. Their extensive digital media and ad technology investment portfolio will be extremely helpful as we accelerate the growth of our company."

     

    H.I.G. has previously invested in numerous digital media and advertising technology companies including SpotXchange, Triad Retail Media, REVshare, Batanga, Escalate Media/ Womenforum, Telescope, Boostability, Intelius, Classmates and Grupo NZN.

    San Francisco-based investment bank Inverness Advisors advised Go2mobi on the deal.

    About Go2mobi

    Go2mobi is a leading provider of mobile advertising solutions to brands, agencies, and programmatic self-serve clients globally. Go2mobi's campaigns are powered by an audience targeting platform that leverages first-party location, intent, interest, and demographic data to target specific audiences for brand and agency partners. Go2mobi's robust self-serve programmatic platform offers massive global scale, deep reporting and optimization and a user-friendly interface. Founded in 2011, Go2mobi has experienced rapid year-over-year growth and continuous profitability since inception. For more information, please refer to the Go2mobi website at http://www.go2mobi.com

    About H.I.G. Growth Partners

    H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $19 billion of equity capital under management.* We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at http://www.HIGgrowth.com.

  • Tessa Bousfield posted an article
    Viking Air has signed a deal in Moscow to manufacture 10 Twin Otter planes. see more

    Source: Times Colonist
    Author: Carla Wilson

    North Saanich-based Viking Air has signed a deal in Moscow to manufacture 10 Twin Otter planes for a major Russian petroleum company, with the first aircraft delivered as soon as November.

    The agreement was announced Tuesday at the start of Viking’s three-day operators’ forum at the

    Victoria Conference Centre. The event has attracted 500 delegates from around the world, including Sri Lanka, China and Russia.

    Viking president and chief executive Dave Curtis is not divulging the value of the contract with RN-Aircraft, a subsidiary of Rosneft, which bills itself as the world’s largest publicly traded petroleum company. It is based in Krasnoyarsk, Russia.

    But it’s clear that the total contract value will be significant. Each Series 400 Twin Otter has a base price of $7 million. Viking also provides specialized equipment for each plane as well as spare parts, servicing and training.

    “Any kind of deal that involves 10 aircraft is important,” Curtis said.

    The agreement delivers a second major boost this summer for the company, which laid off 116 employees in April, most at its manufacturing headquarters near Victoria International Airport. Russian economic troubles and the global slide in the oil and gas sector were behind the layoffs.

    In June, Viking announced that it will be expanding into China after a deal with Beijing’s Reignwood Aviation Group to buy 50 Twin Otters during the next five years.

    Viking is optimistic that sales in China will continue growing. It predicts sales to that country will climb to 500 aircraft in the next 20 years, leading to about $3.5 billion in sales.

    The contract with the Russian company meant Viking had to navigate special sanctions imposed by Canada last year in response to Russia’s actions in Ukraine.

    “Given the challenging geo-political situation between Canada and Russia, it was a very challenging deal to put together to ensure we were totally in compliance with all of the current sanctions and prohibitions on doing business with Russia,” Curtis said. “It took a tremendous amount of time to negotiate the contract, including consultation with all our external advisers in making sure that we were in compliance with all of the trade law.”

    Viking sees Russia as a huge potential market and has already delivered eight Twin Otters to that country, Curtis said.

    Curtis first met with Rosneft 18 months ago. “This contract was literally signed last week in Moscow.”

    RN-Aircraft will use the 19-passenger planes to transport workers to and from its drilling sites, Curtis said. The company is replacing helicopters for the Twin Otters. The planes will be based in south-central Russia and will also be used as corporate shuttles and cargo transporters.

    This agreement also highlights the opportunity for a Twin Otter facility in Russia, which was first raised in 2010. Discussions are continuing between Viking and Moscow’s Series 400 sales representative, Vityaz Avia, about the possibility of opening such an operation to provide maintenance, warranty and service support. “We need to have people there to help fix and maintain [the aircraft],” said Curtis.

    A Russian facility would not replace Canadian manufacturing operations, but might include some final finishing of aircraft, Curtis said. He expects two Twin Otters will be delivered this year to RN-Aircraft, with the remainder supplied in 2016 and into early 2017.

    China is slated to take delivery of two Twin Otters in late December, Curtis said.

    By the end of this year, Viking will deliver 20 Twin Otters to various customers.

    Prior to the cuts in spring, the company had been producing 24 finished planes per year. It now plans to work toward about 18 per year, Curtis said.

    Currently Viking, which also has a manufacturing operation in Calgary, has 550 employees, with 430 in North Saanich, he said.

    Since the layoffs, staff numbers have essentially been stable. “Because it was so hard to lay people off, I’m being very, very careful on letting the rate come up again because I don’t want to have to do that again,” Curtis said.