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The 20 MSP Makes Strategic Play with Acquisition of iCoreIT

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The 20 MSP continues national expansion with acquisition of iCoreConnect’s healthcare-focused managed IT services division.

PLANO, Texas, Oct. 1, 2024 /PRNewswire-PRWeb/ — Leading managed service provider (MSP), The 20 MSP, today announced its acquisition of iCoreIT, the managed IT services division of iCoreConnect (NASDAQ: ICCT), a cloud-based software and technology company serving the enterprise and healthcare sectors.

“The 20 MSP’s goal was never just to be big. We want to be big, but also, really, really good – and our M&A plans will continue to evolve to accommodate both of these objectives,” said Tim Conkle, Founder and CEO of The 20 MSP.

As The 20 MSP solidifies its national footprint, the company is broadening its M&A focus beyond geographic expansion to include additional goals, such as strengthening expertise and proficiency in key markets and industries. With the integration of iCoreIT, The 20 MSP seeks to bolster its presence in the healthcare sector and offer more specialized services to optimize workflows for medical and dental practices. The 20 is pleased to announce that while iCoreIT’s leadership will remain with iCoreConnect, the employees of the managed services division will be joining The 20, ensuring the retention of valuable talent and expertise.

Tim Conkle, The 20 MSP’s founder and CEO, commented on the strategic value this latest deal holds.

“When it comes to tailoring managed IT services and solutions to the unique demands of healthcare providers, iCoreIT is at the forefront of things,” Conkle remarked. “Bringing them on board puts us in a very exciting position to give clients operating in that world a distinct competitive edge with tools and solutions crafted with their exact pain points and workflows in mind. We’re talking about delivering industry-leading innovation, security, and compliance services to a sector that critically needs help with these things.”

While The 20 MSP’s end game remains the same – building a premier national MSP with unmatched scale – its M&A strategy has evolved since getting underway in 2022. Initially, The 20’s search for acquisition candidates was confined to “member MSPs” – MSPs belonging to The 20’s growth platform, The 20 MSP Group. This strategy enabled rapid expansion and relatively seamless integrations, while bypassing some of the friction and attrition that can undermine M&A deals. Recently, however, The 20 MSP began to cast its net wider to include non-member MSPs, such as iCoreIT.

“We’ve completed our initial push into the M&A space with a flurry of MSP member acquisitions over two years, and now we’re ready to start zeroing in on more specific goals and targets, which will sometimes mean going outside the group,” shared Conkle. “Our goal was never just to be big. We want to be big, but also, really, really good – and our M&A plans will continue to evolve to accommodate both of these objectives.”

Integrating the managed services division of iCoreConnect, a publicly traded company (NASDAQ: ICCT), followed a rigorous process to protect shareholders and maintain transparency. The 20 MSP was pleased with the ease of the transition and how well their acquisition framework held up under increased scrutiny and oversight.

Pinecrest Capital Partners served as the exclusive financial advisor to The 20 MSP on the acquisitions. Texas-based Sunflower Bank, acting as sole lead arranger in a syndicated credit facility for The 20 MSP, provided the funding tranche.

About The 20 MSP

As a leading provider of managed IT services, The 20 MSP serves thousands of businesses nationwide, providing each one with white-glove service, secure and streamlined IT infrastructure, and 24/7/365 support. We believe in building lasting relationships with clients founded on trust, communication, and the delivery of high-value services for a fair and predictable price. Our clients’ success is our success, and we are committed to helping each and every organization we serve leverage technology to secure a competitive advantage and achieve new growth. To learn more, visit the20msp.com.

About The 20 MSP Group

The 20 MSP Group is an exclusive consortium for Managed Service Providers (MSP) aimed at dominating and revolutionizing the IT industry with its standardized all-in-one approach. The 20’s robust RMM, PSA, and documentation platform ensures superior service for its MSPs’ clients utilizing their completely US-based Help Desk and Network Operations Center. Extending beyond proven tools and processes, The 20 touts a proven sales model, a community of industry-leading MSPs, and ultimate scalability. To learn more, visit the20.com.

Media Contact

Crystal Conkle, The 20, 9724610880, info@the20.com, https://www.the20msp.com

View original content to download multimedia:https://www.prweb.com/releases/the-20-msp-makes-strategic-play-with-acquisition-of-icoreit-302264724.html

SOURCE The 20

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Groundbreaking Very Large Sleep Study Reveals Unprecedented Insights into Sleep Patterns Across Age Groups

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SANTA CRUZ, Calif., Oct. 1, 2024 /PRNewswire/ — Fullpower-AI®, in collaboration with Stanford University and UCSF, is proud to announce the results of a landmark study presented at the recent European Sleep Conference in Seville, Spain. This study, leveraging the Sleeptracker-AI® platform, represents the largest-ever population-based assessment of sleep duration and architecture, analyzing over 7 million nights of sleep data.

Key Findings are: 

Sleep Duration: The study reveals a U-shaped distribution of sleep duration across age groups, with middle-aged adults sleeping less than both younger and older adults.Deep Sleep and REM Sleep: Deep and REM sleep percentages decline with age. Notably, individuals with sleep apnea (AHI > 5) experience significantly reduced deep sleep across all age groups.

Age-Specific Insights:

20-25-Year-Olds: Average sleep time is 431 minutes, with 15.9% deep sleep and 26% REM sleep.0-55-Year-Olds: Average sleep time is 413 minutes, with 14.3% deep sleep and 25.7% REM sleep.80-85-Year-Olds: Average sleep time is 420 minutes, with 13.1% deep sleep and 22.9% REM sleep.

“This study provides crucial baseline data for understanding sleep patterns across the lifespan and the impact of sleep disorders,” said Philippe Kahn, Founder and CEO of Fullpower-AI®. “It underscores the importance of the 7-hour sleep recommendation and highlights how conditions like sleep apnea can significantly impact sleep quality.”

The scale and depth of this research mark a significant advancement in sleep science. These findings may shape future research and clinical practice in sleep medicine.

For more information about the study or to access detailed data, please visit sleeptracker.com.

About Fullpower-AI®

Fullpower-AI® designs, develops, and operates the Sleeptracker-AI® platform worldwide, targeting clinical trials and medical practitioners. Integrated into market-leading Tempur-Pedic smart beds, our platform offers clinical-grade accuracy comparable to gold-standard PSG.

For further details or media inquiries, contact busdev@fullpower.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/groundbreaking-very-large-sleep-study-reveals-unprecedented-insights-into-sleep-patterns-across-age-groups-302264889.html

SOURCE Fullpower

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Byggfakta Group becomes Hubexo and announces new leadership structure

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New name reflects Hubexo’s position at the center of the global construction sector.New leadership and brand structure will drive innovation and growth.Product brands remain unchanged with a refreshed identity.

STOCKHOLM, Oct. 2, 2024 /PRNewswire/ — Byggfakta Group, the parent company behind several market-leading construction data and information brands, including BCI, NBS, and Vortal, today announced that it has changed its name to Hubexo. This new identity heralds the start of a global rebranding and restructuring project to position the company as a dynamic and forward-thinking leader in the construction data and technology sector.

A new company website (www.hubexo.com) launches today. The name change only affects the parent company, although brands within the group will receive new visual identities to build a stronger link to the Hubexo brand. Customer-facing products maintain their existing names.

“The built environment shapes how we live, work, and play, and our new name reflects our commitment to connecting and shaping the global construction industry with our vital data and insights,” said Dario Aganovic, Chief Executive Officer. “We are building on almost 100 years of construction expertise, and now as Hubexo we’re unifying our global brands to drive innovation, empower our customers, and guide the construction sector into a sustainable future.” 

To reinforce its global ambitions, the Hubexo leadership team has been restructured to streamline operations and enhance innovation. The company has also appointed regional Presidents to oversee commercial operations in APAC, Northeast Europe, West Europe, UK & Ireland, and North America.

“Our new leadership structure allows us to sharpen our focus on innovation, collaboration, and customer success,” said Aganovic. “We’re creating an agile and united leadership that will deliver even better products for our customers and create a rewarding environment where our 2,500 colleagues around the world can thrive.”

The full Hubexo executive team now includes:

Dario Aganovic, Chief Executive OfficerFredrik Lundqvist, Chief Financial OfficerJoakim Percival, Chief Product OfficerLars Ryding, Chief Operating OfficerMiguel Sobral, Chief Strategy OfficerLindi Teate, Chief People OfficerAshleigh Porter, President, APACKyle Camp, President, North AmericaThomas Bejer-Andersen, President, Northeast EuropeJoanne Keit, President, UK & IrelandDario Aganovic, President, West Europe (Interim)

Hubexo will focus on its core construction data business, while the company’s non-construction operations, such as media and healthcare, will be spun out into a new entity led by Max Lagerstedt, former CEO Nordics, Byggfakta Group. Aganovic will serve as Chair.

The rebranding initiative is expected to be completed by Q2 2025, with updates to the group’s visual identity and brand communications in line with Hubexo’s vision. The Byggfakta Group website will redirect to Hubexo.com, where stakeholders can learn more about the new brand direction.

Notes for editors:

About Hubexo:
Hubexo, formerly Byggfakta Group, provides cutting-edge data, insights, and software solutions to the global construction industry. Founded in Sweden in 1936, Hubexo specializes in project information, eTendering, product information, market intelligence, and specification.  

With operations in more than 20 countries and a workforce of 2,500 employees, Hubexo helps its customers sell more efficiently, build sustainably, and lead the future of construction innovation.

Hubexo is owned by a private equity consortium of Stirling Square Capital Partners, TA Associates and Macquarie Capital. Dario Aganovic was appointed CEO in 2022.

For more information, visit: www.hubexo.com

Press contact: 

Hubexo Press Office
markst.andrew@hubexo.com
+44 7983 645 704

Logo – https://mma.prnewswire.com/media/2518252/Hubexo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/byggfakta-group-becomes-hubexo-and-announces-new-leadership-structure-302262331.html

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Ampace will showcase its star product PU100 at the 2024 Asian Data Center Exhibition

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—— PU100, Protecting the Digital and Intelligent World

SINGAPORE, Sept. 30, 2024 /PRNewswire/ — With the widespread application of technologies such as cloud computing, big data, and artificial intelligence, the data center industry is experiencing unprecedented rapid development. Ampace has deeply analyzed the scenarios of computing and power demand, innovatively developed the star PU series products, which will be showcased at the largest data center event in Asia from October 9 -10th, 2024 – the Singapore DCW Asia Data Center Exhibition. (Booth D15)

The PU series embody “high security, strong performance, easy maintenance, and high cost-effectiveness”. Leveraging Ampace’s leading technical capabilities, they significantly enhance energy utilization, reduce operation costs, ensures data security and stable operation, while promoting environmental friendliness and sustainable development, redefining the new standards of the digital intelligence world.

“Ultimate safety” is the unwavering philosophy of Ampace. Since the launch the PU series products, they have maintained a record of zero safety incidents. Underpinned by the core belief that “safety is the bottom line, moreover, it is the red line”. By establishing a three-layer safety defense from material genes to system architecture, it achieves a PPB-level safety standard.

At this exhibition, Ampace’s Chief Security Expert Dr. Zhu will share insights on “ESS Product Safety Design”, conveying the safety philosophy and practices throughout the product lifecycle.

Ampace is committed to providing global users with safe, reliable, intelligent, efficient, and green new energy product applications and services. This marks Ampace’s first appearance at DCW, demonstrating a deep commitment to the Asia-Pacific data center market. Ampace looks forward to engaging with global industry elites, exchanging cutting-edge experiences, exploring cooperation potential, and working together to inject strong momentum into the green transformation and sustainable development of the data center industry.

Ampace Technology Limited (hereinafter referred to as “Ampace”) stands as a globally acclaimed innovator in new energy technologies, committed to delivering green energy solutions with ultimate user experience to forge the world ahead and empower a better life. The company is known with world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”, and has obtained of authoritative certifications.

In the realm of energy storage, e-mobility, power tools, vacuum cleaners, drones, and more, Ampace has established extensive strategic partnerships with industry leaders. The company is renowned for providing new energy products and services characterized by ultimate safety, reliability, performance, and user experience, serving over 41 million customers in 29 countries and regions worldwide.

To learn more, please visit the Ampace official website: https://www.ampacetech.com/en.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ampace-will-showcase-its-star-product-pu100-at-the-2024-asian-data-center-exhibition-302262406.html

SOURCE Ampace

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