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goeasy Ltd. Closes US$400 Million Offering of Senior Unsecured Notes

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MISSISSAUGA, ON, Feb. 23, 2024 /CNW/ – (GLOBE NEWSWIRE) — goeasy Ltd. (TSX: GSY) (“goeasy” or the “Company”), one of Canada’s leading non-prime consumer lenders, is pleased to announce that it closed its previously announced offering of US$400 million aggregate principal amount of senior unsecured notes due 2029 (the “Notes”). In connection with the offering of the Notes, goeasy also entered into a currency swap agreement (the “Currency Swap”) to reduce the Canadian dollar equivalent cost of borrowing on the Notes to 7.195% per annum. Before giving effect to the Currency Swap, the coupon on the Notes is 7.625% per annum. goeasy will use the net proceeds from the sale of the Notes to partially repay indebtedness under its secured facilities and for general corporate purposes.

“We are pleased to announce the closing of our most recent series of unsecured notes, which were oversubscribed, further highlighting the confidence in our business,” said Jason Mullins, goeasy’s President & Chief Executive Officer, “This financing increases our liquidity to over $1.3 billion and supports financing our recently announced growth plans.”

About goeasy

goeasy Ltd. is a Canadian company, headquartered in Mississauga, Ontario, that provides non-prime leasing and lending services through its easyhome, easyfinancial and LendCare brands. Supported by over 2,400 employees, the Company offers a wide variety of financial products and services including unsecured and secured instalment loans, merchant financing through a variety of verticals and lease-to-own merchandise. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement and healthcare verticals, through over 9,500 merchant partners across Canada. Throughout the Company’s history, it has acquired and organically served over 1.3 million Canadians and originated over $12.8 billion in loans.

Accredited by the Better Business Bureau, goeasy is the proud recipient of several awards in recognition of its exceptional culture and continued business growth including 2023 Best Workplaces™ in Financial Services & Insurance, Waterstone Canada’s Most Admired Corporate Cultures, ranking on the 2022 Report on Business Women Lead Here executive gender diversity benchmark, placing on the Report on Business ranking of Canada’s Top Growing Companies, ranking on the TSX30, Greater Toronto Top Employers Award and has been certified as a Great Place to Work®. The Company is represented by a diverse group of team members from 78 nationalities who believe strongly in giving back to communities in which it operates. To date, goeasy has raised and donated over $5.5 million to support its long-standing partnerships with BGC Canada and many other local charities. In 2023, the Company announced a 3-year, $1.4 million commitment to BGC Canada’s Food Fund to help address the rising issue of food insecurity amongst Canadian households.

goeasy Ltd.’s common shares are listed on the TSX under the trading symbol “GSY”.

Forward-Looking Statements

This press release includes forward-looking statements about goeasy, including, but not limited to, its business operations, strategy and expected financial performance and condition. Forward-looking statements include, but are not limited to, statements with respect to the expectations regarding the use of proceeds of the Notes offering and the effect of the Currency Swap. In certain cases, forward-looking statements that are predictive in nature, depend upon or refer to future events or conditions, and/or can be identified by the use of words such as “expect”, “continue”, “anticipate”, “intend”, “aim”, “plan”, “believe”, “budget”, “estimate”, “forecast”, “foresee”, “target” or negative versions thereof and similar expressions, and/or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations and business prospects and are inherently subject to, among other things, risks, uncertainties and assumptions about the Company’s operations, economic factors and the industry generally. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those expressed or implied by forward-looking statements made by the Company. Some important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, goeasy’s ability to enter into new lease and/or financing agreements, collect on existing lease and/or financing agreements, open new locations on favourable terms, offer products which appeal to customers at a competitive rate, respond to changes in legislation, react to uncertainties related to regulatory action, raise capital under favourable terms, compete, manage the impact of litigation (including shareholder litigation), control costs at all levels of the organization and maintain and enhance the system of internal controls.

The Company cautions that the foregoing list is not exhaustive. These and other factors could cause actual results to differ materially from our expectations expressed in the forward-looking statements, and further details and descriptions of these and other factors are disclosed in the Company’s Management’s Discussion and Analysis, including under the section entitled “Risk Factors”. The reader is cautioned to consider these, and other factors carefully and not to place undue reliance on forward-looking statements, which may not be appropriate for other purposes. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, unless required by law.

SOURCE goeasy Ltd.

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ManWinWin Software Launches Advanced Maintenance Solution Tailored for the Manufacturing Industry

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LISBON, Portugal, April 22, 2025 /PRNewswire/ — ManWinWin Software, the most experienced CMMS provider globally, has announced a major update to its maintenance management solution, specifically tailored to meet the growing demands of the manufacturing sector. This strategic move positions ManWinWin as a key enabler of digital transformation in industrial maintenance.

 

 

With manufacturing under increasing pressure to reduce downtime, extend asset life, and comply with international standards, ManWinWin Software delivers a next-generation platform that transforms maintenance into a strategic function. The solution integrates predictive analytics, IoT connectivity, and real-time data to support proactive, condition-based maintenance.

“Manufacturers today are looking beyond reactive maintenance—they want standardization, visibility, and data-driven planning across all their sites,” says Rodrigo Cabral, General Manager at ManWinWin Software. “Our CMMS empowers teams to work with shared priorities, respond in real-time, and make smarter decisions.”

Key capabilities of ManWinWin Software for manufacturing include:

Predictive Maintenance: Integration with sensors and condition-monitoring tools enables early fault detection and reduces unplanned stoppages.Standardized Multi-Plant Management: A centralized platform ensures consistency and compliance with ISO 9001, ISO 55000, and IATF 16949.Real-Time Mobility: Technicians manage work orders on the shop floor via mobile apps and QR code scanning.KPI Monitoring: Metrics like MTBF, MTTR, and plan compliance are tracked continuously to align maintenance with production goals.Robust Integrations: Seamless connection via Rest API to ERP, SCADA, and procurement systems ensures a unified digital ecosystem.

Already deployed in over 120 countries, ManWinWin Software helps manufacturers move from fragmented, reactive practices to a standardized, data-informed maintenance culture.

For more information on ManWinWin’s solutions for manufacturing, visit:
www.manwinwin.com/manufacturing-maintenance-software

www.manwinwin.com

CONTACT: 
José Alegria Fernandes (ManWinWin Software)
jcasimiro@navaltik.com 
+351 214309100

Photo: https://mma.prnewswire.com/media/2669016/ManWinWin_Software.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/manwinwin-software-launches-advanced-maintenance-solution-tailored-for-the-manufacturing-industry-302433369.html

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Sapiens Acquires Candela to Expand its Footprint in APAC and Enhance its Life Product Portfolio

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A Strategic Move to Strengthen Sapiens’ Position in the APAC Market and Strengthen our Life Position Globally

ROCHELLE PARK, N.J., April 22, 2025 /PRNewswire/ — Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent insurance software solutions today announced the acquisition of Candela, a leading intelligent automation company servicing blue-chip, APAC-based insurance clients. This strategic move aims to enhance Sapiens’ life product portfolio and expand its presence in the APAC region. The transaction is subject to customary closing conditions and expected to close during the second quarter of 2025.

Candela offers an end-to-end insurance automation platform along with digital services and solutions. Candela has 23 customers, primarily in Singapore, Malaysia, Thailand, Hong Kong and South Africa. The Candela team of over 100 employees is mainly in Bangalore, India. Candela is currently part of Azentio, a Singapore-based company.

With nearly 30 years of deep industry expertise, Candela is well-positioned to support Sapiens’ vision and strategy for growth in the APAC market in addition to providing innovative new capabilities to Sapiens global customers. Candela’s solutions are complementary to Sapiens Insurance Platform and Policy Administration Systems for Life. By leveraging Candela’s Business Process Modelling (BPM) and Case Management capabilities, Sapiens aims to enhance its Insurance Platform for life offerings.

This acquisition also enables the implementation of standardized processes over external legacy solutions, ensuring a consistent and enhanced experience for agents, customers, and administrators.

“I am pleased to welcome the Candela team and customers as part of our strategy to continue to expand our presence in the APAC region and enhance our sophisticated life insurance platform” said Roni Al-Dor, CEO and President at Sapiens. “We will continue to support Candela’s customers and products, increasing value across the entire insurance lifecycle and supporting insurers’ digital transformations with a comprehensive product proposition and a diverse range of service capabilities.”

“Joining the Sapiens organization opens up a wealth of resources and a global network of relationships for the Candela team and our clients,” said Amitabh Poddar, Business Head, Candela. “Integrating our intelligent automation solutions into Sapiens’ leading insurance software platform will enhance our capabilities and provide even greater value to our customers. We are committed to ensuring a smooth transition and maintaining uninterrupted service for all our clients.”

The acquisition of Candela is structured as a cash transaction. Candela non-GAAP full year 2024 revenues were $8 million USD. Sapiens will pay an aggregate cash consideration of $22 Million dollar. The acquisition will be accretive to profit starting from the fourth quarter of 2025.   The transaction is expected to be completed during the second quarter of 2025. Upon completion, Candela will become wholly owned by Sapiens.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.   For more information visit https://sapiens.com or follow us on LinkedIn.

About Candela

Candela Labs is an IP-led technology focused on smart automation and digital solutions for insurers. We work on the cutting edge of InsureTech/FinTech, creating products and point solutions in our IP Labs that enable our clients to truly transform themselves for enriched digital adoption, enhanced customer & channel experience and exceptional operational efficiency.

About Azentio

Azentio Software incorporated in 2020 at Singapore, has been carved out of 3i Infotech, Candela Labs, Beyontec Technologies and Path Solutions. Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals. Azentio has over 800 customers in more than 60 countries, with a team of over 2,300 employees across offices in 12 countries (and growing) globally and is wholly owned by Funds advised by Apax Partners. Visit: https://www.azentio.com/

Investor and Media Contact 
Yaffa Cohen-Ifrah 
Sapiens Chief Marketing Officer and Head of Investor Relations
Email: Yaffa.cohen-ifrah@sapiens.com

Forward Looking Statements 

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/sapiens-acquires-candela-to-expand-its-footprint-in-apac-and-enhance-its-life-product-portfolio-302434112.html

SOURCE Sapiens International Corporation

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FPT Announces Strategic Partnership and Investment with Sumitomo and SBI Holdings

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HANOI, Vietnam, April 22, 2025 /PRNewswire/ — FPT Corporation announced a strategic partnership with Sumitomo Corporation and SBI Holdings – Japan’s leading conglomerates in the finance and industrial sectors to accelerate artificial intelligence (AI) adoption through the FPT AI Factory ecosystem, contributing to the advancement of sovereign AI in Japan.

Under this partnership, Sumitomo and SBI Holdings will each invest 20% and 20% in FPT Smart Cloud Japan, a subsidiary of FPT Corporation. This partnership lays a critical foundation for delivering cutting-edge AI solutions to organizations and enterprises in Japan, expediting AI integration across all aspects of society and supporting the nation’s ambition to become a global AI leader.

Combining FPT’s technological capabilities with the extensive networks and expertise of Sumitomo and SBI Holdings across various industries, the three parties are committed to scaling AI and Cloud business in Japan. Together, they aim to build a diversified product and service ecosystem that meets the unique and increasingly complex demands of the Japanese market.

Mr. Truong Gia Binh, Founder and Chairman of FPT Corporation, emphasized: “Sharing a common vision for the transformative potential of AI, we are working closely with our strategic partners to expand the global application of AI technologies. This partnership also contributes to fostering innovation, strengthening organizational competitiveness, and maintaining technology autonomy, supporting Japan’s goal of becoming an AI nation.”

With the core philosophy of “Build Your Own AI,” FPT AI Factory aims to make AI more accessible and easily deployable for every business, organization, and individual. Leveraging FPT’s robust AI infrastructure—powered by thousands of the latest-generation GPUs, pre-packaged models, and deployment frameworks, alongside a comprehensive service ecosystem as well as proven experience in the Japanese market of FPT and its investors, FPT AI Factory enables organizations to harness their proprietary data, knowledge, and identity. This empowers them to rapidly develop tailored AI applications, unlock breakthrough performance, and create sustainable competitive advantages.

About SBI Group

Established in 1999, SBI Group is one of Japan’s pioneers in online financial services. The Group operates a wide range of financial businesses, offering user-friendly products and services via the Internet, primarily in the areas of securities, banking, and insurance. In addition to its core operations, SBI is also active in asset management and various global investment ventures.

About Sumitomo Corporation

Sumitomo Corporation is an integrated trading and business investment company with a strong global network comprising 125 offices in 64 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group’s business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of “Enriching lives and the world,” based on Sumitomo’s business philosophy passed down for over 400 years.

About FPT Corporation

FPT Corporation (FPT) is a global leading technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. As AI is indeed a key focus, FPT has been integrating AI across its products and solutions to drive innovation and enhance user experiences within its Made by FPT ecosystem. FPT is actively working on expanding its capabilities in AI through investments in human resources, R&D, and partnerships with leading organizations like NVIDIA, Mila, AITOMATIC, and Landing AI. These efforts are aligned with FPT’s ambitious goal to reach 5 billion USD in IT services revenue from global markets by 2030 and solidify its status among the world’s top billion-dollar IT companies.

After nearly two decades in Japan, FPT has become one of the largest foreign-invested technology firms in the country by human resource capacity. The company delivers services and solutions to over 450 clients globally, with over 4,000 employees across 17 local offices and innovation hubs in Japan, and nearly 15,000 professionals supporting this market worldwide. 

With Japan as a strategic focus for the company’s global growth, FPT has been actively expanding its business and engaging in M&A deals, such as the joint venture with Konica Minolta, strategic investment in LTS Inc, and most recently, the acquisition of NAC—its first M&A deal in the market. As digital transformation, particularly legacy system modernization, is viewed as a key growth driver in the Japanese market, the company is committed to providing end-to-end solutions and seamless services, utilizing advanced AI technologies as a primary accelerator. For more information, please visit https://fpt.com/en.

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SOURCE FPT Corporation (FPT)

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