Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Business: Executives

Vincent Buffa, Chairman of Micross Holdings, Named CEO of Micross Components, Inc.

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MELVILLE, N.Y., and ORLANDO, Fla. (PRWEB)

Micross Holdings announced that Vincent M. Buffa (Vince) has been appointed CEO of Micross Components in addition to his role of Chairman of Corfin Industries and Micross Holdings. Micross is the leading global supplier of turnkey high-reliability microelectronic services and products for the defense, space, commercial aerospace, medical and severe-duty industrial applications.

Vince brings over 32 years of sales, engineering and manufacturing expertise with highly-engineered products in aerospace and industrial markets to his leadership role at Micross. Previously, Vince was President and CEO of Data Device Corporation, a market leader in highly complex electronics for data connectivity, power management and motion control. Vince led the business through a successful build up and expansion mandate with Behrman Capital ending in a successful $1B transaction with Transdigm, Inc.

Most recently, Vince led the turnaround and go-to-market plan for HDT Global, a $400M leader in expeditionary and infrastructure solutions for the defense, government and commercial markets. Earlier in his career, he has held senior leadership roles including President, General Manager, VP of Operations and Business Units Director with Honeywell, Crane, Rexnord and Harris Corporation.

His areas of expertise include business transformation & Hoshin Planning, Six Sigma and Lean; driving global manufacturing strategies, supply chain optimization and continuous performance improvement. Throughout his career, Vince has successfully worked with diverse teams in North America, Europe and Asia. His experience includes Avionics Systems, Defense Electronics, Environmental Control Systems, Expeditionary Infrastructure Solutions, Industrial pumps, valves and flow control products for the Petrochemical, Oil & Gas and high-end Industrial market applications. Vince holds a Bachelor of Engineering Degree in Electrical Engineering from Purdue and an MBA with a concentration in Finance from Hofstra University.

“I am excited to be leading the team at Micross working closely with the Micross Components and Corfin Industries leadership teams. We have combined two industry-leading market players in the defense microelectronics business segment. Micross is uniquely positioned to provide the ”one source, one solution” service to the aerospace, defense and space market primes and system providers. I am fully committed to providing our customers with a value proposition that meets and exceeds their requirements for high-reliability microelectronics applications. We are focused on providing our customers with best-in-class lead-times, on-time delivery and providing high-quality products and services”, said Vincent Buffa, Micross Chairman and CEO.

“Vince’s proven track record in the defense electronics market and with complex manufacturing/engineering companies makes him the ideal executive to lead Micross to the next level. We are looking forward to Vince’s contributions to Micross and bringing his focus on business strategy and operational excellence to all aspects of the business for further value creation,” according to Grant Behrman, Managing Partner at Behrman Capital.

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About Micross

Micross (https://www.micross.com) is the global one-source provider of mission-critical microelectronic components and services, including Bare Die & Wafers, Advanced Interconnect Technology, Custom Packaging & Assembly, Component Modification Services, Electrical & Environmental Testing and Hi-Rel Products to manufacturers and users of semiconductor devices. In business for more than 40 years, Micross’ extensive hi-reliability capabilities serve the Aerospace & Defense, Space, Medical and Industrial markets, among others. Micross possesses the sourcing, packaging, assembly, engineering, test and logistics expertise needed to support an application throughout its entire program cycle.

About Behrman Capital

Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are focused in three industries: defense and aerospace, healthcare services, and specialty manufacturing and distribution. The firm has raised in excess of $3.0 billion since inception and is currently investing out of its sixth fund. For more information, please visit http://www.behrmancap.com

Media Contact:

Valerie Thomas, Micross Components

Valerie.Thomas@micross.com

Source: Micross Components, Inc.

Related Links: https://www.micross.com

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Business: Executives

Balance Needs to be Struck Between Protection and Privacy

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WASHINGTON (PRWEB)

The Group of Thirty (G30) today published Digital Currencies and Stablecoins: Risks, Opportunities, and Challenges Ahead, the report on its study of digital currencies. From Bitcoin and (Facebook’s) Libra to central bank digital currencies, payment systems are evolving rapidly. The G30 report makes clear that decisions by regulators on how to deal with digital currencies, now and over the next few years, could shape the global financial system for decades to come.

The report also includes a definitive description of the digital currency that will be issued by the People’s Bank of China.

“The contours of the digital currency landscape are evolving rapidly. Digital currencies have significant benefits, but if poorly executed or overseen, they may also put at risk user funds and data privacy. Policymakers need to approach these transformative technical developments with their eyes open, conscious of opportunities but also aware of possible pitfalls,” said Co-Chair of the G30 Working Group on Digital Currencies, Dr. Raghuram Rajan, Professor of Finance, Chicago Booth School of Business.

The G30 report highlights the key issues that policymakers have to consider in responding to these developments. These include:

1. Central Banks and Finance Ministries must play an active leadership role in setting standards and providing public infrastructure for payments, which cannot be left to market forces alone.

2. New technologies may require a sufficiently long phase-in period in order to be tested fully. Multiple payment alternatives should be introduced so that the payments system gains a measure of resilience and includes adequate competition.

3. Existing technologies that allow faster retail payments, which drastically increase competition and lower costs to businesses and consumers, should be implemented more widely.

4. Policy consideration of a direct (full retail) central bank digital currency (CBDC) should take into account the possible concentration of risk, disintermediation of traditional lending institutions, and excessive government control of credit allocation, which would be counterproductive in today’s diverse modern economies.

5. Before implementing any type of CBDC, its impact on various aspects of the economy should be evaluated very carefully, among them its effect on monetary policy transmission, on the safety and integrity of the financial system, and on the emergence of alternative options such as indirect/hybrid CBDCs.

6. As the payments system becomes more digital, it will be important to find a balance between the protection of individual data and privacy versus the government’s imperative to enforce laws, regulations, and taxes. The issues in payments need to be examined holistically, along with other privacy concerns arising from data gathering by banks, large tech companies, and governments.

7. Importantly, the increased cross-border use of digital currencies necessitates an international framework for governing data usage and exchange.

Co-Chair of the G30 Working Group on Digital Currencies, Dr. Kenneth Rogoff, Professor of Economics, Harvard University, said: “Paper currency has become increasingly marginalized in legal, tax-compliant transactions across much of the world, save for low value payments, where it is also on the decline. How and in what form the transition to digital currencies is managed and supervised will affect governments, central banks, and payment systems users. The time has come for the official sector to play a more decisive role in shaping these developments to ensure efficiency, security, stability, and financial inclusion.”

Tharman Shanmugaratnam, Chairman of the G30, said: “The G30 sets out the key considerations for policymakers in deciding how digital currencies should be designed and implemented, so as to achieve their potential to bring about cheaper and faster cross-border payments, financial inclusion, and help root out illicit finance.”

Dr. Rajan and Dr. Rogoff co-chaired the study, supported by seven G30 members. Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance, Stanford Graduate School of Business, and Hyun Song Shin, Economic Advisor and Head of Research, Bank for International Settlements, served as project advisors.

To receive a copy of the Digital Currencies and Stablecoins: Risks, Opportunities, and Challenges Ahead report, contact G30 Press Officer Melissa Golding, 571-236-2820, pressoffice@group30.org.

The Group of Thirty is an independent global body comprised of senior representatives of the public and private sectors and academia. The Group aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and to policymakers. The Group was established in 1978, and is led by Jacob A. Frenkel, Chairman of the Board of Trustees, and Tharman Shanmugaratnam, Chairman of the Group.

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Business: Executives

Steve Fisher and Eric Mott join the Palmer Johnson Family of Companies

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SUN PRAIRIE, Wis. (PRWEB)

Steve Fisher and Eric “Mo” Mott, two veteran off-highway industry executives, have joined the Palmer Johnson Family of companies. Between Steve and Mo, they will have oversight of financial and strategic initiatives. Steve will be focusing on developing Palmer Johnson’s RECON Equipment Centers and Hamilton Engine while Mo will serve as CFO for the Palmer Johnson family of Companies.

With over 35 years of global business experience at Caterpillar, Steve Fisher joined Palmer Johnson in June 2020 as Senior Growth Advisor. An expert in strategic planning, business development and M&A, Steve served as VP of CAT’s Large Power Systems Division, VP of CAT Reman and as Director of CAT’s M&A and Strategic Planning division. He is excited to help Palmer Johnson grow through building relations with existing vendors, fostering relationships between equipment OEMs and PJ’s RECON business, as well as expanding Hamilton Engine’s reach in the marketplace. Steve will continue in his current role on the Board of Directors of Mayville Engineering Company, Inc. and as an advisor on Palmer Johnson’s advisory board, where he has served four years.

Eric Mott also recently joined Palmer Johnson Enterprises as Chief Financial Officer. He’s a Madison native and has a BBA from UW-Madison and an MBA from DePaul University in Chicago. Mott has 30 years of business experience focused on strategic, financial, operational and people management in diverse industries and corporate structures. Previously he was Chief Operating Officer and Chief Financial Officer of Diesel Forward, Inc., the largest distributor of aftermarket diesel engine fuel systems and technical components in the U.S.

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Business: Insurance

Mercury Insurance and Wildfire Expert Douglas Kent Discuss Plants and Fire Protection

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While you routinely clean gutters and maintain your home with the change of seasons remember to also check on the health of plants in your landscape.


LOS ANGELES (PRWEB)

Homeowners should take a proactive approach to landscaping to weather an incoming wildfire – choosing the right plants to resist ignition and understanding the essential role that routine landscape maintenance plays can have one of the greatest influences on the chances of a home’s survival.

“Seasonal change from damp to dry can have a big effect on landscapes and homes too,” said Christopher O’Rourke, Mercury Insurance Vice President of Property Claims. “Dead and decaying plants are preventable, and just like rotted or cracked siding on your home, can be avoided with the proper maintenance strategy.

“While you routinely clean gutters and maintain your home with the change of seasons remember to also check on the health of plants in your landscape. You’ll enjoy your plants more if they’re kept trim and healthy, and they can help to protect your property during wildfire season as well.”

In addition to routine maintenance, look for plants that have thick, large and broad leaves (rather than needles or blade-like leaves) that are moist and easily bent, without a fragrance – these are less likely to ignite. Replace plants that are old or unhealthy, as they pose a greater fire risk.

Wildfire land management expert Douglas Kent, author of Firescaping: Protecting Your Home with a Fire-Resistant Landscape, offers his expert advice on fire-resistant plants.

About Mercury Insurance

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit http://www.mercuryinsurance.com or Facebook and follow the company on Twitter.

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Business: Executives

MassageLuXe Welcomes New Chief Growth Officer to Executive Team

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“I’m a player and a coach, and that’s what MassageLuXe needs at their growth stage,” says Kristen Pechacek. “I can marry strategic thinking and overarching plans with rolling up my sleeves and getting the job done.”


ST. LOUIS (PRWEB)

MassageLuXe, a leading massage franchise, is excited to welcome franchise expert Kristen Pechacek to its executive team. As the Chief Growth Officer, Pechacek will accelerate the brand’s mission to expand from 68 units to 250 units within the next five years.

As MassageLuXe’s first-ever Chief Growth Officer, Pechacek’s top priority will be to grow franchise sales. Additionally, she will help the existing franchisee base by growing spa membership prospects and building revenue.

Pechacek brings with her a wealth of franchise and marketing experience. She is a Certified Franchise Executive with the International Franchise Association (IFA). She is also a member of the IFA 2020 Committee and the IFA Marketing & Innovation Committee. Pechacek recently served as Digital Marketing Director for Self Esteem Brands, LLC, which represents various fitness and spa brands in North America. She began her career in franchising by working in digital marketing with the Minnesota Vikings and the NFL.

“I’m a player and a coach, and that’s what MassageLuXe needs at their growth stage,” says Pechacek. “I can marry strategic thinking and overarching plans with rolling up my sleeves and getting the job done. As the new Chief Growth Officer, I will lay down the plans and help execute them. MassageLuXe needs a leader who can provide strategic vision and overarching strategy for growth, but one who is also able to send the emails and write the social posts to facilitate that growth.”

“Kristen is a visible player in the franchise game. One of the important things was to bring someone in for our small brand who has done well in the massage franchise membership-based game,” says MassageLuXe CEO Mark Otter. “Kristen has had success in growing franchise sales, but she also understands the importance of helping current franchisees, how to build their business, and also the customer journey.”

This hire comes as the successful culmination of a retained executive search engagement with Global Talent Solutions (GTS), the franchise industry’s leading executive search firm. Pechacek is the first Chief Growth Officer at MassageLuXe, and the hire is the first of a string of executive hires the brand will make with GTS as part of this growth cycle.

In an article he wrote for Forbes, Otter discussed the importance of brand growth and learning from others in the industry.

“If you start a business in a crowded field, you have the benefit of looking at not just what other competitors are doing right, but also what they’re doing wrong,” says Otter. “Then you can work on your business model so it’s even better.”

To view Otter and MassageLuXe’s entire profile in Forbes, visit:

https://profiles.forbes.com/members/business/profile/Mark-Otter-CEO-MassageLuXe/d3d6a028-74c8-4dd4-aa1f-662dda92b2b6.

For more information about MassageLuXe, please visit: https://massageluxe.com/.

For more information about MassageLuXe franchise opportunities, please visit: https://franchise.massageluxe.com/.

For more information about franchise marketing, please visit: https://919marketing.com/franchise-marketing/.

For more information about franchise public relations, please visit: https://919marketing.com/franchise-pr/.

For more information about 919 Insights for franchise brands, please visit: https://919marketing.com/franchise-marketing-analytics/.

About MassageLuXe

Founded in 2008 in St. Louis, Missouri, MassageLuXe is a fast-growing franchise-based spa company with a mission of delivering the highest quality massage while providing a comfortable, relaxing and luxurious environment to clients. To further this mission, MassageLuXe also grants clients access to Repechage facials and waxing services.

Massage is a service that improves health, promotes relaxation and overall well-being for the consumer, and has been practiced throughout the world for thousands of years. MassageLuXe currently has 68 locations across 16 states and is planning to expand to 250 locations in the next five years.

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Business: Insurance

Clever Care Health Plan Receives Knox-Keene License From California Department Of Managed Health Care

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Obtaining the Knox-Keene license places Clever Care Health Plan on a path to lower health insurance cost, improve access to quality providers, and ultimately serve communities in California.


ARCADIA, Calif. (PRWEB)

Clever Care Health Plan Inc. announced today a successful step forward to provide Medicare Advantage services in Southern California by obtaining the Knox-Keene license, an essential regulatory approval to operate a full-service health plan.

“We are grateful for the support given by the California Department of Managed Health Care (DMHC) to our endeavor. The Knox-Keene license will allow us to launch our products this coming Fall season and serve Californians’ health insurance needs,” said Dave Firdaus, CEO of Clever Care Health Plan.

The California DMHC is a regulatory agency that oversees health plan operations and grants health service plan companies with the Knox-Keene license after careful review and compliance of all applicable managed care laws.

“Obtaining the Knox-Keene license places Clever Care Health Plan on a path to lower health insurance cost, improve access to quality providers, and ultimately serve communities in California,” added Firdaus.

Clever Care also received conditional approval from the Centers for Medicare and Medicaid Services (CMS) in June 2020, and like other Medicare Advantage plans, is expecting final 2021 contract approval in the coming months.

Clever Care’s 2021 service areas will include Los Angeles County, Orange County, and San Diego County with access to over 15,000 provider facilities and more than 30 leading Southern California hospitals.

About Clever Care Health Plan –

Clever Care Health Plan Inc. is a private company based in Southern California that offers affordable and innovative enhanced benefits with a holistic approach to care. Formed to connect the benefits of Eastern and Western medicine through an extensive network of PCPs and specialists, Clever Care Health Plan offers a differentiated health care solution. Detailed information can be found at http://www.CleverCareHealthPlan.com.

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Business: Executives

Gallaudet University Board of Trustees Appoints Dr. Glenn B. Anderson Board Chair

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Dr. Glenn B. Anderson
Photo Credit:
Office of Communications, University of Arkansas at Little Rock

Dr. Anderson is one of the most respected leaders in our community and beyond. He brings an incomparable wealth of experience and expertise that will be invaluable to our community. We are grateful for his continued service to Gallaudet and look forward to working with him.


WASHINGTON (PRWEB)

Dr. Glenn B. Anderson has been named chair of the Gallaudet University Board of Trustees. In accepting this two-year appointment, Anderson rejoins the Board on which he served from 1989 to 2005 and chaired from 1994 to 2005.

In announcing Anderson’s selection, Board vice chair Claire Bugen said that he “is one of the most respected leaders in our community and beyond. Dr. Anderson brings an incomparable wealth of experience and expertise that will be invaluable to our community. We are grateful for his continued service to Gallaudet and look forward to working with him.”

Gallaudet University president Roberta J. Cordano said: “We are pleased that Dr. Anderson is returning to the Board of Trustees as its chair at this pivotal time in our 156-year history. Last spring, we faced head-on the global pandemic with strong leadership from our entire community. This summer, Gallaudet joined our nation and our world in a reckoning with systemic racism and redoubling our commitment by putting into place a multi-faceted anti-racism plan. As Chair of the Board, Dr. Anderson will lead us well with his vast expertise, wisdom and experience.”

Glenn B. Anderson grew up in Chicago and began college as the only deaf student on a campus of 12,000 students at Northern Illinois University (NIU). There, he encountered bias and discrimination as an African American deaf student. The next semester, he transferred to what was then known as Gallaudet College. Anderson excelled at Gallaudet, both academically and athletically. He majored in psychology and became involved in campus life. He joined the Student Body Government, wrote for The Buff and Blue student newspaper, and became a star on the basketball and track teams, earning him a place in the Gallaudet University Athletics Hall of Fame.

After graduating from Gallaudet, Anderson earned his master’s degree from the University of Arizona and his doctorate from New York University, both in rehabilitation counseling. He was the first known African American deaf person to earn a doctoral degree.

After serving for two years as a vocational rehabilitation counselor in Detroit, he joined the Deafness Research and Training Center at New York University as coordinator of the referral and counseling center, where he provided community service and advocacy to deaf residents in New York City. He then joined LaGuardia Community College of the City University of New York, where he helped establish a continuing education program to benefit deaf adults interested in returning to school and/or obtaining college degrees.

In 1982, Anderson began a 26-year career as director of training at the University of Arkansas’s Rehabilitation Research and Training Center for Persons Who Are Deaf or Hard of Hearing in Little Rock. He was also a professor in the University’s Department of Rehabilitation, Human Resources, and Communication Disorders, and coordinator of the master’s degree program in rehabilitation counseling with persons who are deaf or hard of hearing.

Since 2008, Anderson has been an associate professor in the University of Arkansas at Little Rock’s interpreter education program within the Department of Counseling, Rehabilitation, and Adult Education.

Anderson was appointed by U.S. President George W. Bush as a member of the National Council of Disability from 2002 to 2005. He also served as chair of the State Rehabilitation Council for Arkansas Rehabilitation Services and as a member of the editorial review boards for the American Annals of the Deaf and the Journal of Interpretation. He served on the board of directors of the National Black Deaf Advocates, and as newsletter editor for the Arkansas Association of the Deaf.

Anderson has written numerous articles for professional journals and books. He wrote and published a book and DVD, Still I Rise: The Enduring Legacy of Black Deaf Arkansans Before and After Integration, and he is among the 200 African Americans included in Vernon Farmer and Evelyn Shephard-Wynn’s four-volume book series, Voices of Historical and Contemporary Black American Pioneers, published in 2012.

The contributions made by Anderson over the past four decades have earned him many recognitions, including the Alice Cogswell Award for valuable service on behalf of deaf people from the Gallaudet University Alumni Association, the Lifetime Achievement Award and the Linwood Smith Humanitarian Award of the National Black Deaf Advocates, induction into the American Athletic Association of the Deaf Hall of Fame and the National Hall of Fame for Persons with Disabilities, and the Frederick C. Schreiber Leadership Award of the National Association of the Deaf. In 2017, Gallaudet University awarded him an honorary Doctor of Humane Letters.

Anderson and his wife, Karen Adeeb-Anderson, reside in Little Rock, Arkansas. They have two adult children and two grandchildren.

Gallaudet University, federally chartered in 1864, is a bilingual, diverse, multicultural institution of higher education that ensures the intellectual and professional advancement of deaf and hard of hearing individuals through American Sign Language and English. The university’s Board of Trustees has 21 members, including three members of the United States Congress.

Media Contacts:

The Durkin Agency

Alana Cowan

alanacowan5@gmail.com

Gallaudet University

Robert Weinstock

robert.weinstock@gallaudet.edu

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Business: Insurance

Senior Market Sales Expands National Reach, Joins Alliant Insurance Services

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SMS logo

SMS logo

With this deal, you have the premier national insurance marketing company in the senior market joining forces with one of the nation’s leading names in employee benefits.


OMAHA, Neb. (PRWEB)

Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations, has entered into a strategic agreement to be acquired by Alliant Insurance Services, Inc., one of the nation’s largest insurance and employee benefits consulting firms. The partnership positions Senior Market Sales to continue its rapid growth and expands the reach of SMS’ premier health and wealth platform through Alliant’s extensive distribution channels.

“With this deal, you have the premier national insurance marketing company in the senior market joining forces with one of the nation’s leading names in employee benefits,” said Jim Summers, President of SMS. “We’re going to leverage the strengths of both companies to create a unique new model in insurance distribution and maximize the resources available to our agents and partners.”

Alliant has a 95-year legacy of providing risk management, insurance, and consulting services to thousands of clients nationwide. Alliant’s core business includes employee benefits, property and casualty insurance services, middle-market brokerage, and underwriting. The Newport Beach, California-based firm has in excess of 4,000 employees across more than 100 offices in all major U.S. markets.

“One of the most important factors in choosing to partner with Alliant was the strong culture fit between the two organizations,” said Hershel Kleinberg, Executive Vice President of SMS. “Both SMS and Alliant have an entrepreneurial spirit, are committed to providing value to our agents, and we’re focused on building and growing for the long term.”

The agreement with Alliant provides broader distribution for SMS’ best-in-class suite of health and wealth solutions, which include Medicare solutions, travel insurance, and financial solutions. SMS’ distribution network includes 65,000 independent insurance agents, 1,000 career agents, call centers, and a wholly owned registered investment adviser (RIA) firm.

“The mission of Senior Market Sales will remain the same,” Summers said. “We are dedicated to helping agents leverage time, make more money and put their business in a position of distinction. The partnership with Alliant will only enhance this, allowing us to bring more resources, more relationships, and more opportunities to our agents and advisors.”

Under the agreement, the entire SMS team will join Alliant and continue to service agents nationwide under the SMS name from its Omaha, Nebraska, headquarters. Terms of the agreement were not disclosed.

About Senior Market Sales, Inc.

Senior Market Sales represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care, and travel insurance carriers in all 50 states. More than 65,000 independent insurance agents rely on Senior Market Sales for proprietary technology, competitive insurance products, and expert training and service to help them leverage their time, make more money, and put their business in a position of distinction. Founded in 1982, Senior Market Sales is headquartered in Omaha, Nebraska. Visit http://www.SeniorMarketSales.com or call 1.800.786.5566 for more information.

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Business: Executives

ActiveProspect Names Brian Caskey as New Chief Marketing Officer

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AUSTIN, Texas (PRWEB)

ActiveProspect, the SaaS platform for consent-based marketing, announced today that Brian Caskey has joined the company as Chief Marketing Officer effective immediately. Caskey brings a diverse background in global marketing, awareness creation, and revenue generation to ActiveProspect where he will oversee all aspects of global marketing.

Caskey brings more than 25 years of experience developing high-impact awareness programs, advanced growth strategies and building highly effective marketing teams. In his most recent role as CMO at Kollective, Caskey developed marketing programs driving new awareness and aggressive pipeline growth. His track record of success includes CMO roles at UTStarcom, Zhone/Dasan and Vanguard Cybersecurity.

“Brian is results-driven with the right mix of strategic vision and practical expertise,” said Steve Rafferty, Founder and CEO for ActiveProspect. “He has a deep understanding of both B2B SaaS and Enterprise Marketing, combined with a strong track record of driving growth. I’m confident he will have a major impact on the business as we continue our mission to make consent-based marketing the best channel for customer acquisition.”

About ActiveProspect

ActiveProspect is an Austin-based SaaS company that helps companies acquire customers via consent-based marketing (opt-in leads). Our products are used by leading brands across many industries to efficiently and safely scale these types of campaigns. We give companies the insight and control needed to take real-time action on their leads – by paying the right price, filtering out leads that are unlikely to convert, and routing leads to the right place. In tandem, we help protect companies from Telephone Consumer Protection Act (TCPA) litigation by verifying and documenting proof of consent. For more information visit ActiveProspect.com.

Contact

ActiveProspect

+1.512.394.4545

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Business: Insurance

Freedom Financial Network Closes Seventh Securitization

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Freedom Financial Network, parent of Freedom Financial Asset Management, is a family of companies providing innovative solutions that empower people to live healthier financial lives.

Freedom Financial Network, parent of Freedom Financial Asset Management, is a family of companies providing innovative solutions that empower people to live healthier financial lives.

We know that what we are doing is working. We will continue to plot a course through the current turbulent economic environment by maintaining focus on long-term success, and managing short-term operations thoughtfully and carefully.


SAN MATEO, Calif. (PRWEB)

Freedom Financial Network (FFN), the parent company of Freedom Financial Asset Management, has closed its seventh securitization, placing $198 million of rated notes.

This securitization – the third in 2020 – is the first to receive an AA- rating from Kroll, adding to the AA- rating received from DBRS Morningstar, Inc., in the last transaction. Consistent with its previous securitizations, underwriting this transaction were Credit Suisse, which served as the lead manager and structuring agent, and SunTrust Robinson Humphrey, which served as joint bookrunner. In addition, this securitization is bringing in five new investors.

The Class A, Class B and Class C fixed-rate notes were rated A (high) (sf), A (low) (sf), and BB (low) (sf) by DBRS Morningstar. The Class A, Class B and Class C fixed-rate notes were rated AA (-) (sf), BBB (sf) and BB (sf) by Kroll.

Continued strong demand in challenging market

“We have seen extremely strong investor demand during a historically volatile and challenging economic and capital markets landscape,” says Joseph Toms, president and chief investment officer of Freedom Financial Asset Management (FFAM).

Issuance across all seven FFN transactions now totals more than $2.2 billion. FFN has originated more than $3.1 billion of FreedomPlus loans to date, and more than $5.0 billion in total loans on its FFAM platform.

In addition, recent FINSIGHT league tables for unsecured consumer and marketplace personal loan asset-backed securities issuances rank FFN second over the trailing 12 months. “We are extremely gratified by this strong showing in the league tables. It clearly demonstrates the significance of our lending business to FFN’s overall businesses, and our ability to meaningfully and consistently attract investor capital throughout different environments,” says Toms.

“While many folks may better know some of our public competitors, this continued type of showing will inevitably lead to stronger and stronger market recognition,” he continues. “We know that what we are doing is working. We will continue to plot a course through the current turbulent economic environment by maintaining focus on long-term success, and managing short-term operations thoughtfully and carefully.”

Achieving lower risk through better borrower assessment

Toms cites FFAM’s business model combining technology with person-to-person customer contact as a key factor for the company’s success. “This balance allows us to better assess borrowers and their financial situations, ultimately resulting in lower risk and better consumer outcomes,” he explains. “The success of this securitization puts a stamp on our company’s mission to empower Americans to move forward toward a better financial future.”

FFAM offers personal loans to help consumers consolidate their debt, lower interest rates and convert revolving debt into lower-cost, more consumer-friendly installment loans. Using a combination of process, technology and analytics, along with a focus on human interaction to hear directly from consumers about their financial needs, FFAM provides long-term risk-adjusted returns for investors in consumer lending.

Freedom Financial Network (http://www.freedomfinancialnetwork.com)

Freedom Financial Network is a family of companies providing innovative solutions that empower people to live healthier financial lives. For people struggling with debt, Freedom Debt Relief offers a custom program to significantly reduce and resolve what they owe more quickly than they could on their own. FreedomPlus tailors personal loans to each borrower with a level of customer service unmatched in the industry. For consumers enrolled in qualifying debt relief programs, ConsolidationPlus offers loans that accelerate debt settlements and enable them to be free of the debts sooner. Bills.com offers a resource site with simple tips, advice and tools to help consumers make smart financial decisions.

Headquartered in San Mateo, California, FFN also operates an office in Tempe, Arizona. The company employs more than 2,200, and has been voted one of the places to work in both the San Francisco Bay Area and Phoenix area for several years.

Contact: Michael Micheletti, mmicheletti@freedomfinancialnetwork.com, 415-359-6985

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