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System One Officially Announces Acquisition of Tech USA

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Tech USA Companies to Operate Under System One to Further Strengthen Technology, Engineering, and Government Workforce Solutions.

PITTSBURGH, Jan. 6, 2025 /PRNewswire-PRWeb/ — System One, a leading provider of specialized, highly technical outsourced services and workforce solutions, announced the acquisition of the Tech USA Companies (Tech USA LLC; Site Tech Staffing, Inc., and Tech USA Government Solutions LLC). Tech USA’s operations in technology, engineering, scientific, manufacturing, and construction-related workforce solutions will align within System One’s core business, while Tech USA Government Solutions will operate independently under System One’s subsidiary brand, GAP Solutions, expanding the organization’s capabilities within the government sector.

Tech USA Companies bring a well-established portfolio of clients across their operational sectors, further enhancing System One’s service offerings. This acquisition complements System One’s strategic focus on delivering comprehensive workforce solutions to critical infrastructure, technology, life sciences, and government sectors. The combined scale of System One and Tech USA is expected to create significant growth opportunities for the companies and their employees.

“Tech USA’s market leadership, reputation, and expertise in technology, engineering, scientific, and government sectors make the organization a perfect fit for System One,” said Troy Gregory, Chairman and CEO of System One. “We are excited to integrate Tech USA’s talented team into our organization, as their capabilities complement our own, positioning us to serve our clients with even greater agility and effectiveness.”

The integration of System One and Tech USA significantly enhances our capacity to deliver comprehensive workforce solutions while broadening our reach across our strategic focus areas of critical infrastructure, technology, life sciences, and government,” said Greg Lignelli, President and COO of System One. “We are excited to welcome Tech USA to the System One family as we continue to strengthen our industry leadership.”

“Our companies and teammates are excited to join the System One family and look forward to combining our capabilities to achieve new heights,” said Grover Outland, Chairman and CEO of the Tech USA Companies. “This acquisition offers tremendous opportunities for growth and success for both organizations while continuing the legacies of our former Chairman, CEO, and Co-Founder Tom Howell and our former President, Susan Warner, who passed away (respectively) in late September and late August – Tom and Susan had high regard for System One, Troy Gregory, and Greg Lignelli.”

The terms of the acquisition transaction were not disclosed.

About the Tech USA Companies (Tech USA, Site Tech, and TGS)
Tech USA and Site Tech
Tech USA and Site Tech are premier providers of technology recruitment solutions across the nation. Their core businesses focus on Information Technology, Power and Energy, Engineering, Infrastructure Telecommunications, Scientific, Manufacturing, and Construction market segments. With almost 27 years of industry experience, Tech USA and Site Tech (and their predecessor) have supported clients’ critical missions, delivering high-quality service and expertise in the public and private sectors. More information is available at https://www.techusa.net/.

Tech USA Government Solutions
Tech USA Government Solutions, LLC (TGS) and its predecessor have over 25 years of experience providing subcontracting services to industry partners supporting the Defense and Intelligence Community. We are a premier provider of Innovative Technology, Infrastructure, Communications, and Security Solutions, supporting our prime contractor clients’ and government customers’ critical missions in preserving the national security of our nation. More information is available at https://www.techusa.net/divisions/government-solutions/.

About GAP Solutions
GAP Solutions has over 20 years of experience supporting its clients’ unique mission requirements within defense, healthcare, intelligence, national and homeland security, and federal civilian market segments. GAP Solutions leads and manages System One’s federal practice under a unified delivery mechanism that leverages the diverse, scalable, and innovative capabilities of its parent organization, System One, into a single, unified solution for government partners. More information is available at https://www.gapsi.com/.

About System One
System One is a leading provider of specialized, highly technical outsourced services and workforce solutions to critical infrastructure, technology, life sciences, and government sectors. We are a trusted and essential partner to large private and public organizations—mobilizing specialized, highly technical resources and expertise to execute their most complex, mission-critical programs and accelerate results. Founded more than 40 years ago as a staffing partner to the engineering industry, today System One is a diversified organization operating in over 50 locations and putting more than 9,000 people to work in the United States, Canada, and the United Kingdom. More information is available at https://systemone.com/.

Media Contact

Krista Kornchuk, System One, 813-337-0545, krista.kornchuk@systemone.com, https://systemone.com/

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SOURCE System One

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TriNetX’s Founding CEO Announces Plans to Step Down

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9 minutes ago

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

Logo – https://mma.prnewswire.com/media/542641/TriNetX_Logo.jpg

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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9 minutes ago

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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9 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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