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Cboe Global Markets Announces Increase in Share Repurchase Authorization; Declares Increased Third-Quarter 2024 Dividend

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Increases share repurchase authorization by $500 millionIncreased quarterly cash dividend to $0.63 per share14th consecutive year Cboe has increased its dividend

CHICAGO, Aug. 16, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its Board of Directors has authorized the company to repurchase up to an additional $500 million of its outstanding common stock and declared an increased quarterly cash dividend of $0.63 per share of common stock for the third quarter of 2024.

The increased third-quarter 2024 dividend, representing a 15 percent increase from the prior quarter’s dividend of $0.55 per share, is payable on September 13, 2024, to stockholders of record as of August 30, 2024.

As of July 31, 2024, the Company had $179.8 million of availability remaining under its existing share repurchase authorizations.

“The share repurchase authorization increase and increased quarterly dividend are testaments to management and the Board of Directors’ confidence in the performance of Cboe’s global business lines and adherence to a disciplined capital allocation program. Cboe’s balance sheet is strong and has us well-positioned to continue investing in the long-term growth of our business while also returning capital to our shareholders,” said Fred Tomczyk, Chief Executive Officer of Cboe Global Markets.

The share repurchase program has no expiration date. The repurchase program permits the company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the company to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be commenced or suspended at any time or from time to time without prior notice.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Cboe Media Contacts

Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

 +44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com 

tcave@cboe.com

khill@cboe.com 

CBOE-C
CBOE-OE

Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. 

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our growth and strategic acquisitions or alliances effectively;  our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and risks relating to digital assets, including winding down the Cboe Digital spot market and transitioning digital asset futures contracts to CFE, operating a digital assets futures clearinghouse, cybercrime, changes in digital asset regulation, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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SOURCE Cboe Global Markets, Inc.

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Orium and JIBE Partner to Bring Modern Commerce Solutions to More Businesses

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TORONTO, Jan. 8, 2025 /PRNewswire/ – Orium, the leading composable commerce specialist in the Americas, today announced a strategic investment in JIBE, a digital commerce agency known for its expertise in developing modern commerce solutions on the Shopify platform. This investment strengthens an already successful partnership, including shared clients like the fast-growing Leggings.com, and positions the two companies to expand their reach as sister firms. By combining Orium’s focus on complex enterprise clients with JIBE’s expertise in the mid-market, the two businesses will better support brands at any stage of their commerce journey, helping them adapt and scale with composable technologies.

“Orium and JIBE are united by a shared goal: helping businesses succeed with modern commerce technology,” said Jason Cottrell, CEO and Founder of Orium. “This partnership allows us to offer solutions that are flexible, scalable, and tailored to the unique needs of businesses at the mid-market and enterprise-level. Our shared expertise ensures we’re positioned to support clients in navigating the rapidly evolving commerce landscape.”

Orium and JIBE bring complementary strengths to their engagements, combining Orium’s deep expertise in modern headless and composable commerce architectures with JIBE’s specialized Shopify solution engineering. Together, they offer clients the proven ability to deliver tailored, scalable solutions. Their partnership leverages advanced modular and API-first technologies to drive innovation and help businesses achieve growth and agility, regardless of their starting point.

“This partnership enables us to address the unique needs of mid-market businesses, an often underserved segment that demands both expertise and agility,” said Steve Krueger, CEO of JIBE. “With Orium’s enterprise commerce expertise and JIBE’s proven strength in the mid-market, we’re enhancing our ability to serve both scale-ups and enterprise brands.”

By offering specialized services tailored to different business needs, Orium and JIBE are setting a new standard in modern commerce, empowering clients like Leggings.com to meet evolving customer expectations and achieve their goals.

About Orium

Orium is the leading composable commerce specialist in the Americas, helping businesses build flexible, future-ready technology architectures. Specializing in helping brands scale efficiently with deep capabilities in data-driven experience design, AI implementation, and platform engineering, Orium brings over a decade of award-winning experience to enterprise commerce engagements. Orium works closely with best-in-class technology partners to bring modern commerce experiences to life. Orium is a certified B Corp and part of Tercera‘s portfolio of leading professional services firms. More information can be found at www.orium.com.

About JIBE

Since 2009, mid-market brands and founders have entrusted JIBE to strengthen their ecommerce performance with expertise, dedication, and measurable success. By partnering with renowned brands such as Arc’teryx, 7mesh, Aspen Clean, Myodetox, Grouse Mountain, Nest Designs, and Organika, JIBE fosters true collaborations to plan, build, execute, and scale multi-channel, ecommerce-driven businesses. More information can be found at thejibe.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/orium-and-jibe-partner-to-bring-modern-commerce-solutions-to-more-businesses-302345933.html

SOURCE Orium

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Pikmykid Acquires Visitu to Enhance School Visitor Management Solutions

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TAMPA, Fla., Jan. 8, 2025 /PRNewswire/ — Pikmykid, the leading school safety platform, is proud to announce the acquisition of Visitu, a cutting-edge visitor management system. This strategic acquisition bolsters Pikmykid’s capabilities in visitor management while advancing its mission to enhance school safety and operational efficiency.

As schools increasingly focus on safety, the addition of Visitu’s visitor and attendance management tools enables Pikmykid to offer a comprehensive solution for managing every aspect of campus safety. From the moment staff, students, parents, volunteers, visitors, and contractors enter the campus to the time students leave safely at the end of the day, Pikmykid now provides an end-to-end platform that prioritizes safety and efficiency.

“Our school’s operations and facilities teams are excited for the potential of even smoother and more effective integration between Visitu and Pikmykid, two solid systems we use to enhance safety at our campuses,” said Eric Neumann, Sr Director of School Operations at Rocketship Charter Schools. “We look forward to continued partnership to further improve our school arrival and dismissal systems, campus security, and overall staff, family, and student experiences!”

“Acquiring Visitu is a transformative milestone in our mission to redefine school safety,” said Saravana Pat Bhava, CEO of Pikmykid. “With the power of one unified platform, we are now able to provide schools with an integrated solution that enhances security while elevating the visitor and community experience”

“Empowering schools with tools that enhance staff efficiency and parent engagement is critical to improving student outcomes,” added Chitra Kanagaraj, COO. “By uniting all safety and engagement tools, we enable schools and districts to focus on what matters most—student success.”

Visitu’s technology allows schools to easily track and manage visitors in real-time, ensuring that only authorized individuals are on campus. This integration will complement Pikmykid’s existing solutions for student drop-off and pick-up, creating a holistic approach to school safety and operations.

“Visitu’s vision to make safety seamless on campus aligns perfectly with Pikmykid,” said Aaron Larkins, CEO of Visitu. “Together, we will continue to invest in simplifying administrative processes.”

Todd Broyles, founder of Visitu, added, “This partnership will revolutionize how schools manage student safety throughout the entire school day, offering comprehensive solutions that address every aspect of campus security. We’re excited to join Pikmykid’s mission to provide innovative tools and enhance school safety.”

Schools can expect the rollout of enhanced features and functionalities in the coming months. Both teams are dedicated to fostering innovation in school safety and operational excellence.

For more information about the acquisition and the expanded offerings from Pikmykid, please visit pikmykid.com and visitu.com.

About Pikmykid

Pikmykid is a comprehensive, cloud-based platform revolutionizing school operations and student safety. Designed to address the diverse needs of modern schools, Pikmykid offers robust features including dismissal management, attendance tracking, hall pass solutions, real-time messaging, emergency response tools, and reunification processes. Trusted by schools nationwide, Pikmykid simplifies the complexities of daily and emergency operations, ensuring safety and efficiency are at the forefront of every interaction.

About Visitu
Visitu is a recognized leader in providing complete safe campus solutions for schools, offering a comprehensive suite of tools to enhance safety, efficiency, and communication. The safe campus platform includes solutions for visitor management, student attendance, emergency response, and school communication, all designed to create a secure and well-connected campus environment. Visitu’s solutions ensure compliance with safety standards while supporting seamless school operations.

Contact:
Michelle Kristoff
***@pikmykid.com

Photos:
https://www.prlog.org/13055630

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/pikmykid-acquires-visitu-to-enhance-school-visitor-management-solutions-302345647.html

SOURCE Pikmykid

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Newsweek Ranks EPAM Among Top 5 in IT Services & Consulting on its 2025 Excellence 1000 Index

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NEWTOWN, Pa., Jan. 8, 2025 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been recognized by Newsweek in its 2nd annual rankings for the Excellence 1000 Index—ranking #754 overall and in the Top 5 for IT Services and IT Consulting.

The 2025 Excellence 1000 Index is the result of a collaboration between Newsweek and the Best Practice Institute (BPI), a leadership development and benchmark research company. The Excellence 1000 Index is a list of the top 1000 companies that have demonstrated best practices in financial responsibility, stakeholder ratings and social responsibility ratings.

“We are honored to be acknowledged among the world’s most esteemed organizations for our unwavering commitment to our clients, employees, engineering & IT excellence, sustainability and social responsibility,” said Elaina Shekhter, SVP, Chief Marketing & Strategy Officer at EPAM. “As a trusted partner for clients globally, we are excited to continue delivering innovative and transformative solutions to our clients’ most challenging problems through our robust capabilities in digital, AI, GenAI, Data, cloud, and engineering to deliver business value.”

The results were determined after the Best Practice Institute analyzed over half a million data points and created a proprietary scoring system to measure everything from financial practices to customer reviews, ESG commitments and more.

“Corporate success today goes beyond financial performance,” said Nancy Cooper, Global Editor in Chief of Newsweek. “The Excellence 1000 Index honors companies that balance strategic growth with a deep commitment to ethics, social responsibility, and sustainability. Together with our partner Best Practice Institute, we are proud to recognize these organizations redefining leadership in the corporate world.”

Companies have been assessed on several pivotal criteria, including:

Employee Rating: How employees perceive their employer through sentiment and emotion analysis.Customer Rating: How clients view the Company’s products, services and ethics.ESG Risk Rating & Ethical Impact: A deep dive into a company’s environmental, social, and governance practices.ISO Standards Adherence: Compliance with international quality and safety standards.R&D Spending: Investment in innovation and the future.Global Compact Status: Alignment with the UN’s principles on human rights, labor, environment and anti-corruption.

“In an era where narratives often overshadow facts, the 2025 Newsweek Excellence 1000 Index stands as a testament to the importance of verified impact and ethical leadership,” said Louis Carter, CEO of Best Practice Institute. “This year’s honorees exemplify what it means to prioritize innovation, sustainability, and stakeholder value over tradition and superficial metrics. By recognizing these trailblazers, we aim to inspire a new standard for evaluating corporate success—one that values measurable progress and integrity above all.”

EPAM is considered a “Most Loved Workplace” by Newsweek, appearing on their list of Top 100 Most Loved Workplaces for the last four years. Additionally, the Company’s ESG initiatives have been recognized by many prominent global organizations, including the 2024 Inclusive Excellence Award, 2024 SEAL Sustainable Excellence Award and voted Top Most Loved Places for Volunteers®. In 2024, EPAM invested in innovation and the future with the acquisitions of First Derivative, Neoris, Odysseus Data Services and Vates—increasing delivery capabilities, enhancing AI and data-driven solutions and advancing cloud, engineering, testing and digital services for global clients.

For the full list of the 2025 Excellence 1000 Index, please visit here.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by focusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively.

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services.

Learn more at www.epam.com and follow us on LinkedIn.

Forward-Looking Statements
This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company’s most recent Annual Report on Form 10-K and the factors discussed in the Company’s Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/newsweek-ranks-epam-among-top-5-in-it-services–consulting-on-its-2025-excellence-1000-index-302344574.html

SOURCE EPAM Systems, Inc.

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