|Exam Name||:||Business Edition 6000 for Account Managers|
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Athens, 2 October 2013. - Cisco nowadays introduced that AirFastTickets, a quick-growing to be international online travel company, has deployed the Cisco enterprise version 6000 to carry complete collaboration capabilities from a single, centrally managed platform. established in 2009, AirFastTickets arranges shuttle for hundreds of thousands of individuals international and holds workplaces in country, UK, Germany and Greece. The challenge turned into implemented with the aid of Algosystems, a Cisco Silver certified accomplice in Greece.
AirFastTickets deployed Cisco enterprise version 6000 throughout their offices in Greece, the USA, UK and Germany, to carry integrated voice, voicemail, presence, fast messaging and make contact with core services to their employees. Now, employees can collaborate in a number of methods; from Cisco 8900 and 7900 series IP telephones at their desk, or through the Cisco Jabber application client that grants capabilities reminiscent of video, quick messaging, and presence to any consumer. The answer become put in on Cisco Unified Computing Server (UCS).
The firewall Cisco ASA5515 and Cisco routers were also installed to protect and attach big apple headquarters with the Greek, German and UK workplaces. in addition, with AnyConnect licenses, people can globally access the network with their machine of choice, together with laptops, tablets, and smartphones. they can then effortlessly and extra securely use the applications and access the suggestions they need to do their jobs.
With Cisco Unified Communications options, employees in any department or faraway workspace can securely connect and collaborate across a wide array of communications applications. it is going to now be possible to stay linked and productive with voice, video, and web conferencing, messaging and cell applications, every time, any place, the use of any equipment. The answer has enabled AirfastTickets to enhance worker productivity, in the reduction of IT complexity and drive innovation inside their enterprise.
"We were now not only trying to find a service that could increase phone features for our customers, we were also hunting for a solution that might enable employees in any branch, or faraway workspace to securely join and collaborate throughout a wide selection of communications and functions". "it is for this reason that we decided to select Cisco to enrich our level of cellphone provider and safety", Michael introduced.
"AirfastTickets determined to increase the conversation and collaboration, so that you can offer true, incremental operational, productiveness and strategic advantages for his or her companies. Unified Communications advantages the enterprise through enabling laborers and consumers to soundly attain the correct grownup at the appropriate time by means of the right communication mode. Airfasttickets is on the right means."
Welcome to our world! we are a fast growing to be, dynamic, global online shuttle company based in 2009 with the aid of the visionary entrepreneur Nicolaos Koklonis and three colleagues. to this point we organize trips for millions of individuals international and we've ninety personnel contributors, expert and highly skilled in the container of go back and forth to our workplaces within the united states of america, Germany, UK and Greece.
Our specialists find the most effective offers, from a cost-effective weekend to a 5-famous person lodge. Persistence is to give you the very best price, experience and repair - whether making a reservation over the cyber web, or by way of calling us on the telephone.
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MISSISSAUGA, ON--(Marketwired - Mar 5, 2014) - increasing upon its advanced integration capabilities, Ingram Micro Canada, a subsidiary of Ingram Micro Inc. ( NYSE : IM ), the world's greatest wholesale technology distributor and a worldwide leader in deliver-chain and mobile gadget lifecycle services, these days announced new configuration-to-order (CTO) functions designed to expedite deployment, cut back implementation prices and force sales of Cisco collaboration options for Ingram Micro partners across Canada.
available automatically via Ingram Micro Canada's Cisco company Unit, the new value-brought capabilities accelerate the sales cycle and advent of customized-constructed and pre-configured Cisco collaboration solutions together with Cisco company version 6000. offered by Ingram Micro, the new Cisco CTO functions allow channel companions to installation Cisco collaboration options appropriate out of the box, saving each time and cash.
"Ingram Micro continues to build upon its means to provide more desirable cost to our reseller companions and aid them raise the speed and effectivity with which they do business," says Dave Mason, govt director, revenue, Ingram Micro Canada. "by using offering these new Cisco CTO features to our mutual companions, we're positioning them to profit a transparent competitive talents available in the market and take their collaboration enterprise to the next degree."
the brand new CTO provider contains a custom-developed portal from which Cisco companions can choose the applications they would like pre-put in on an end consumer's server as well as enter specifics in regards to the client's end-consumer network environment. With the assistance captured, each server is then up to date, imaged and configured the use of the most up-to-date Cisco software. The technique additionally permits each and every server to be wholly proven to make sure all add-ons are entirely purposeful and able for immediate deployment.
The advanced configuration services are managed through Ingram Micro's world-type, dedicated Cisco-approved technicians and accomplished in the distributor's tremendously comfortable, 25,000 square-foot Configuration core in Mississauga, Ontario. Channel companions leveraging the brand new services are reporting a time discounts of as a whole lot as three days per order.
"Combining Ingram Micro's integration services into the Cisco business version 6000 answer will give a simplified installing manner for resellers throughout Canada," talked about Todd Madgett, director of distribution income, Cisco Canada. "With this new CTO tool and method to complete orders, together we can supply reseller partners with an out-of-the-field installation and simple 1-2-three wizard technique. This integration service offering will no longer most effective shop them time, however also add income to their base line."
closing yr, Ingram Micro Canada introduced it become licensed as a Cisco Unified Computing programs (UCS) C-series construct-to-Order distribution accomplice in Canada. The designation enables Ingram Micro to stock, build, test and ship Cisco united states of americaC-series servers to client specification for approved Cisco reseller partners all over Canada. in addition, the distributor these days announced it earned three Cisco Americas Distribution awards including U.S. Cloud Distributor of the year, U.S. security Distributor of the 12 months and Canada Collaboration Distributor of the yr.
observe Ingram Micro on fb and Twitter.
About Ingram Micro Inc. Ingram Micro is the realm's biggest wholesale expertise distributor and a worldwide chief in IT provide-chain and cell gadget lifecycle capabilities. As a a must-have link within the technology price chain, Ingram Micro creates earnings and profitability alternatives for vendors and resellers via unique advertising and marketing programs, outsourced logistics and cellular options, technical aid, financial capabilities and product aggregation and distribution. The company is the only world wide-based mostly IT distributor, serving approximately one hundred seventy nations on six continents with the realm's most finished portfolio of IT items and capabilities. talk over with IngramMicro.com.
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Small businesses are the backbone of the world’s economy; at least, that’s my personal view. The ones that are hugely successful usually requires the assistance of an accountant, but due to the rise of technology, small business owners can now take care of their accounting needs. By now most of us should know that accounting is not an easy thing to understand, which is why professional accountants are rarely out of a job. But what if a small business owner is unable to hire an accountant due to a strain on the budget?
In such a situation, we’d like to recommend a tool known as Manager Desktop Edition. From our perspective, it’s simple to use, and when it comes down to paying your taxes, it should remove a ton of stress from your mind. Additionally, this tool is quite powerful in all the things it brings to the table. We believe business owners will find it more than useful in their daily lives.
Let us take a look at what the free accounting software has to offer for Windows users.
Launching the tool for the first time will reveal a blank user interface with just the tabs above and a single button that says Add Business. This button falls under the Businesses tab, and clicking on it allows the user to create a new Business.
As you can see from the image, our business is called the Windows Club, and under the title, we’ll see the possibilities to add journals, reports, and customizations to this business.
By clicking on Journal Entries, the user will be required to add a new journal, which is very easy to accomplish. Be sure to add all the necessary information into the fields, then finally, click on Create, and that’s it for adding a new journal.
In terms of the Reports section, well, it’s all about gaining information on profits, loss, ledgers, and more. It’s pretty straightforward from our point of view. Therefore, anyone should be able to use it without any issues.
Let’s talk about customizations because small business owners will definitely find something here they might like very much.
By clicking on the customization button, folks can add more. Want to add bank accounts, sales invoices and more? No problem, Bobby boy, Manager Desktop Edition has got you covered big time.
What about the Settings area, then? Well, this section allows the user to change the base currency, add business details and a logo. Additionally, the user can set a starting balance, add tax codes and tracking codes, among other things.
In truth, most of what you need is located in the businesses section, and guess what? If you’re the type of person with multiple businesses, then we’re here to let you know that it’s possible to add more than one businesses.
There’s no need to create a user account because this is done by default. However, if you want to create multiple user accounts, then the desktop version of the app is not able to do that. You’ll have to use the cloud version, which as expected, will cost a monthly fee to use.
This section isn’t as feature-rich as first expected, but at the same time, it does have many of the basics. The user will be able to change the language, date and number formation, and more. For anyone who wants more than what it has to offer, then the cloud version of the app is the best bet right now.
If you’re using Manager Desktop Edition, then chances are you do not need the cloud version. In that case, you might be wondering how to backup content for safe keeping in the event of the computer going haywire.
Well, after selecting your business from the main menu, just click on the button that says Backup and save the file in safe space.Manager Desktop Edition free download
Download Manager Desktop Edition right now from the official website. You can use the desktop edition for as long as you like, use all the features and enter as much data as required. There are no time limits, no usage limits, no ads.
Moscow -- A Russian court ruled on Thursday to release veteran American investment fund manager Michael Calvey from prison and place him under house arrest pending his trial on fraud charges. The move had been expected, a day after Russia's federal Investigative Committee recommended the transition from jail to home.
Calvey, founder and senior partner at Baring Vostok equity firm, was taken into custody along with five other people, including two Baring Vostok managers, two months ago.
Russian police have accused Calvey and his associates of embezzling 2.5 billion rubles ($37 million) from Vostochny Bank, of which Baring Vostok owns a controlling stake. Calvey has denied all allegations and insisted that his prosecution was the result of a protracted dispute between the bank's various shareholders.
Speaking in court on Thursday, Calvey reiterated that his prosecution was the result of a corporate dispute that should be resolved in civil court. "We are talking about a business dispute that started long before my arrest. I can only regret that the other side of this dispute chose quite a bizarre way to defend their interests," the businessman said.
He added that proving his innocence was "a matter of reputation that I have been building my entire adult life. I am more interested in resolving this case than even my accusers."Calvey assured the court he was not going to try and leave the country.
"Fleeing is something guilty people do. For me, fleeing from Russia because of this case equals admitting guilt and destroying myself," Calvey said.American investment fund manager Michael Calvey, a partner at Baring Vostok, appears in a Moscow district court, April 11, 2019. CBS/Andrei Erastov
The businessman will now remain in his apartment in central Moscow. The judge denied the defense's request to allow him two-hour daily walks and to shop for groceries himself."Should we be here?"
The U.S. business community in Russia was rattled by Calvey ending up behind bars. Media reports claimed CEOs of U.S. companies were planning to boycott the St. Petersburg International Economic Forum, Russia's most prominent business conference.
"The initial response was shock," Alexis Rodzianko, president of the American Chamber of Commerce in Russia, told CBS News. "Each of us was suddenly worried: Should we be here?"
For U.S. businesses and investors, Russia remains a strategic, important market; it is a wealthy country and still home to the largest single group of consumers in Europe.
"Moscow alone is the size of a medium-sized European country. It's not a trivial market, it's a big market, and it's an interesting market," Rodzianko said.
While the overall amount of direct foreign investments into Russian companies has fallen drastically over the past 15 years -- to $15.9 billion in 2018, the lowest since 2004, according to a recent report by Russia's Central Bank -- surveys of the American Chamber of Commerce in Russia show the amount of U.S. investment remains stable.
"Investments and reinvestments from operations here (in Russia) are quite significant, somewhere between $2 billion and $3 billion in each of the last three years," Rodzianko said.
Despite the Kremlin's loud anti-American rhetoric, the Russian government has not restricted American business from operating in the country, he said, adding that to the contrary, Moscow has actually done quite a bit to encourage business.Investment climate damage
But the case against Calvey did hurt Russia's business and investment climate. "A lot of people drew back. Anybody in that particular industry, the venture capital business, had to seriously reassess the risk levels," Rodzianko said.
The perception in Russia is that the law enforcement and judicial system is, for those with the right connections, available to help overcome ones business competitors. Rodzianko told CBS News it happens too often.
Russia's business ombudsman Boris Titov estimates there are around 6,000 Russian businessmen in prison today because business rivals put them there.
Rodzianko believes it's one of the reasons why there aren't enough small businesses in Russia -- an environment in which individual property rights are not protected, and the presumption of innocence can be, essentially, a hollow promise.
"That's a problem for the Russian investment climate, a large (one), but it is not a new thing. What is new is that it's reaching foreign investors and especially prominent foreign investors, like Michael, with a really good reputation and long track-record in doing business here carefully, properly," Rodzianko said.
"All of us sit here and say to ourselves: 'We're different, we don't get involved in things…' And it turns out we're not as protected as we imagine. That's the personal shock that all U.S. business people felt."
Waste Management (NYSE:WM) has reached a deal to acquire smaller peer Advanced Disposal Services (ADSW) in a $4.9 billion deal, creating a giant. The deal makes sense as synergies and a great track record mean that investors like the deal being made, although valuation multiples are too high for me to consider.Deal Terms
Waste Management has reached a deal to buy Advanced Disposal for $33.15 per share in cash, valuing equity of that business at $3.0 billion, and the overall business at $4.9 billion if net debt is included. Based on the equity consideration alone, the premium amounts to 22%, although this premium drops considerably if we simply look at the equity valuation.
With the deal, Waste Management will not simply grow, it will notably grow in differentiated, sustainable waste management and recycling. With its 6,000 employees, which serve more than 3 million customers, Advanced Disposal adds $1.56 billion in revenues and $427 million in adjusted EBITDA. This suggests that the deal comes in at 3.1 times sales and 11.5 times adjusted EBITDA.
In term of operations, Advanced Disposal has 94 collection operations, 73 transfer stations, 41 landfills, and 22 owned or operated recycling facilities. Besides added scale and expertise in new regions, the deal is furthermore driven by a complementary asset network, which allows for a target synergy number of $100 million in combined annual cost and capital spending synergies. If synergies are included, the acquisition EBITDA multiple drops to 9.3 times.
For investors in Advanced Disposal, it has been a short "ride" as the company only went public in autumn of 2016, with shares being offered to the public at $18 apiece. Capital gains of 84% seen ever since, even if it took more than two and a half years, still translate into compelling returns for investors.Pro Forma Implication
As discussed above, Advanced Disposal has generated $1.56 billion in sales in 2018. While the adjusted EBITDA number of $427 million looks impressive, that number is a bit misleading as well. The reported EBITDA number falls to $398 million if a range of adjustments are backed out, including landfill remediation costs, being very real costs, of course. The other big components of this metric are $96 million in interest expenses as well as $270 million in D&A charges. Note that capital spending only totalled $189 million last year, excluding acquisitions, as that provides net cash flows from "divestments".
In terms of EBIT numbers, I thus end up with merely $32 million in reported earnings before taxes based on the reported EBITDA number, although capital sending lags D&A by about $80 million. Adjusted for that, I peg EBT at $112 million, not that much, given the $3 billion equity component and EBIT coming in at around $208 million.
Waste Management itself is a much larger player with $14.9 billion in annual sales, as the deal will boost revenues by about 10%. It reported adjusted EBITDA of $4.2 billion as margins on the back of this earnings metric are quite similar. The 428 million shares represent a +$43 billion equity valuation ahead of the deal, with the enterprise value amounting to $53 billion if net debt is included. That is equivalent to 3.6 times sales and 12.6 times EBITDA, higher than the stand-alone multiples at which it is acquiring the business, not even accounting yet for the synergies to be realised.
Net debt will jump from $10 billion towards $15 billion upon consummation of the deal. With standalone EBITDA of $4.2 billion and adding the $427 million contribution from Advanced Disposal, I see leverage at 3.2 times or a little bit less if synergies are included. Contrary to Advanced Disposal is that, while EBITDA margins are similar, Waste Management is posting much better operating margins (GAAP basis) amidst lower depreciation expenses. Given the roughly $200 million incremental adjusted EBIT number by Advanced Disposal, financing costs will eat most of the anticipated earnings accretion, although deleveraging and sub 4% interest rates show that some modest accretion could be seen to the bottom line.Market Reaction
The market is pretty upbeat on the deal despite the generous premium being offered. Shares of Advanced Disposal rose by nearly $5 per share to $32, leaving a small premium, given the risks related to deal closure, including that of approval, of course. With 90 million shares outstanding, that move represents $450 million in value as the premium itself comes closer to $550 million in value.
Shares of Waste Management did rise as well in connection to the deal, adding about $2.50 per share. With 428 million shares outstanding, that amounts to nearly $1.1 billion in dollar terms, for a combined value accretion to the tune of $1.5 billion, probably reflective of the great deal track record of Waste Management and the anticipation of $100 million in synergies.
While the market might be happy with the track record and promise of synergies, reality is that shares are not very cheap. Based on adjusted earnings of $4.20 per share, Waste Management trades at $104 at around 25 times earnings, with the earnings yield of 4% being not that much of a premium over risk-free rates, certainly given the leverage employed.
The market is applying a big premium, given the track record of the business and potential to do more value-creating deals in the future, as well as create new business lines from recycling and environmentally induced initiatives, while on the other hand, long-term volume growth might be pressured.Final Thoughts
Reality is that Waste Management is an excellent long-term value creator which went public back in the 1970s and, at the time, has already made hundreds of acquisitions. Shares rose from single dollars to the $50s late 1990s as an accounting scandal and the 2001 downturn pushed shares back to $15 again.
Ever since shares traded in a $20-40 range until 2014 before gradually having risen to a little above $100 currently, as valuation multiples have expanded amidst the hunt for steady businesses in a low interest rate world. Note, however, that even though the business has been very successful in the long run, and the share price has risen a lot in recent years, shares have been trading stagnant for a long period of time as well.
While quality has a price, buying a waste business which relies more on pricing and M&A, rather than volume growth to drive growth, I am not too eager to pay 25 times earnings in combination with a 3 times leverage balance sheet, as expectations are simply quite high.
This should not be confused in any way or shape with leaning on the short side, as this industry lends itself perfectly for consolidation. It simply means that I do not see compelling risk-reward here currently, despite the great track record and what appears to be a reasonable deal again.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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