Day: October 3, 2022

PHOENIX, Oct. 03, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced it has completed the previously announced divestiture of its Tank and Pump segment to private equity firm Kinderhook Industries effective September 30, 2022. Proceeds from the sale, valued at approximately $323 million, will be used to support ongoing reinvestment in the Company’s core Modular and Storage operating segments and other capital allocation priorities.

BofA Securities acted as the financial adviser and Allen & Overy acted as legal adviser to WillScot Mobile Mini Holdings.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price, and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible mobile office, portable storage and workspace productivity solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of approximately 280 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Media Contact Information

Jessica Taylor

jetaylor@willscotmobilemini.com

Investor Contact Information

Nick Girardi

nick.girardi@willscotmobilemini.com

 

Community bank implements nCino to improve speed to funding for clients

WILMINGTON, N.C., Oct. 03, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s Small Business Banking Solution. The $2.3 billion-asset PeoplesBank had previously deployed nCino’s Commercial Banking Solution, creating a single, cloud-based platform to meet the growing needs of the institution and its clients.

“nCino has enabled us to address the unique needs of our small business clients and create a specialized banking experience that supports their goals and growth,” said Amy Doll, Senior Vice President, Chief Commercial Banking & Lending Officer at PeoplesBank. “Our industry is rapidly changing and we’re very proud of our ability to better support small business owners in our community with premier technology offerings. Their success relies on being agile and able to scale and, with nCino, we now provide tailored experiences that evolve with our clients as their businesses grow.”

According to the Small Business Administration (SBA), small businesses make up more than 99 percent of businesses and create 65 percent of new jobs in the U.S. While institutions across the globe define small business banking in different ways, nCino has deepened its commitment to the small business industry with its enhanced Small Business Banking Solution that creates scale, alongside flexibility to match every definition of small business, from a 2-person coffee shop to a 300-person tech startup.

“PeoplesBank has done an extraordinary job of leveraging the nCino platform to provide exceptional service for their small business banking clients and help position them for long-term growth and success,” said Garrett Adams, General Manager of Small Business at nCino. “We offer our customers the opportunity to focus on meaningful work and build positive, profitable relationships with their clients, while their tech does the heavy lifting. We’re very excited to continue this journey with PeoplesBank and look forward to further enabling them to support their small business clients and the communities in which they live and work.”

PeoplesBank’s Amy Doll will be speaking alongside nCino’s Garrett Adams in a keynote session at The American Banker’s Small Business conference tomorrow, detailing the secrets to PeoplesBank’s small business success. PeoplesBank will also highlight one of their clients, Martin’s Snacks, to showcase their journey scaling production to become a prominent player in their industry. For more information, please visit the conference website to learn more about the session entitled: “Case Study: Strategy, Technology, Speed: PeoplesBank’s Secrets to Small Business Banking Success.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System^® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About PeoplesBank
With assets in excess of $2.4 billion, PeoplesBank, A Codorus Valley Company, is a wholly-owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. For more information, visit www.peoplesbanknet.com. (NASDAQ: CVLY)

Media Contacts
Ryan Kelly
+1 732.770.5942
ryan.kelly@ncino.com

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

PETAH TIKVA, Israel and TYSONS CORNER, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that Ayala Berler Shapira has been named General Counsel (GC) of the company.

As part of the company’s further growth Ayala Berler Shapira will strategically manage all legal aspects and will assume complete responsibility and lead the legal and compliance organization of Cellebrite. She will be a member of Cellebrite’s executive management team.

Ayala brings 27 years of experience in both global technology companies and in some of the leading law firms in Israel. Prior to joining Cellebrite, Ayala served as Deputy GC of Amdocs, where she led the global business and corporate legal domains, supported the company’s M&A activity, and served as Head of Compliance. Before that, she was the GC of Jungo, an Israeli software company operating in the telecommunication market.

Ayala holds a dual degree in Law and Business Administration (LL.B, B.A) from Tel-Aviv University and is a member of the Israeli and New York State Bar Associations.

Yossi Carmil, Chief Executive Officer of Cellebrite, comments: “We are thrilled to have Ayala join the Cellebrite family and management team. As Cellebrite continues to develop, the GC’s role is expanding, and is becoming increasingly significant for executing the company’s strategy and growth plans. I am confident that Ayala will serve as a great business partner, and that under her leadership, the legal and compliance teams will fiercely continue developing our infrastructure to support Cellebrite’s strategy and business goals in a constantly evolving regulatory environment.”

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910

ลอนดอน, Oct. 03, 2022 (GLOBE NEWSWIRE) — แหล่งเงินทุนจำนวน 9.4 ล้านยูโรสำหรับมูลนิธิ Kashf ได้ถูกจัดตั้งขึ้น กำหนดโครงสร้าง และเจรจาโดย Emerging Markets Global Advisory LLP (EMGA) ซึ่งเป็นธนาคารเพื่อการลงทุนในตลาดเกิดใหม่

เมื่อกล่าวถึงการทำธุรกรรมครั้งนี้นาย Shahzad Iqbal ซีเอฟโอของมูลนิธิ Kashf ได้กล่าวว่า “มูลนิธิ Kashf จดทะเบียนเป็นบริษัทการเงินรายย่อยที่ไม่ใช่ธนาคาร ซึ่งควบคุมโดยสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์แห่งปากีสถาน โดยก่อตั้งขึ้นในปี 1996 ในฐานะสถาบันไมโครไฟแนนซ์เฉพาะทางแห่งแรกของปากีสถาน โดยเริ่มดำเนินการในฐานะผู้จำลองแบบ Grameen และตั้งแต่นั้นเป็นต้นมา Kashf ก็ประสบความสำเร็จในตลาดเฉพาะกลุ่มที่มีความพิเศษของตนเองในภาคการเงินรายย่อยในปากีสถาน โดยนำเสนอชุดผลิตภัณฑ์และบริการที่เป็นนวัตกรรมและปฏิรูปเพื่อครัวเรือนที่มีรายได้น้อยโดยเฉพาะผู้หญิง ขณะนี้มีผู้กู้ที่เป็นผู้หญิงมากกว่า 600,00+ รายทั่วทั้ง 360+ สาขาด้วย GLP 90+ ล้านเหรียญสหรัฐ”

“อยากจะแบ่งปันว่าผมรู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมงานกับ EMGA ในการทำธุรกรรมใหม่ ๆ เพื่อประชาสัมพันธ์และขยายเครือข่ายของเรา นี่เป็นธุรกรรมครั้งแรกที่เราทำกับ BIO และเป็นสกุลเงินยูโรด้วย ผมเชื่อว่า BIO และ Kashf จะทำร่วมงานกันเพื่อสร้างความสัมพันธ์ที่แน่นแฟ้นเพื่อส่งเสริมการไม่แบ่งแยกทางการเงินในปากีสถาน และโดยเฉพาะอย่างยิ่งสำหรับผู้หญิง ธุรกรรมนี้จะช่วยให้มูลนิธิ Kashf สามารถขยายการประชาสัมพันธ์ได้ ไม่เพียงแค่ในพื้นที่ที่ดำเนินงานอยู่แล้ว แต่ยังรวมไปถึงภูมิภาคใหม่ทั่วทั้งปากีสถานด้วย”

Sajeev Chakkalakal กรรมการผู้จัดการของ Emerging Markets Global Advisory LLP (EMGA) และหัวหน้าฝ่ายวาณิชธนกิจกล่าวว่า “รู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมเป็นพันธมิตรระยะยาวกับมูลนิธิ Kashf และส่งมอบโซลูชันทางการเงินรูปแบบใหม่นี้ ถึงแม้สภาพแวดล้อมทางเศรษฐกิจจะมีความผันผวนทั้งภายในปากีสถานและทั่วโลก” Jeremy Dobson กรรมการผู้จัดการของ Emerging Markets Global Advisory Limited (EMGA) ยังให้ความเห็นเกี่ยวกับธุรกรรมดังกล่าวว่า “รู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมงานกับมูลนิธิ Kashf อีกครั้งในการทำธุรกรรมครั้งล่าสุดนี้ และช่วยสนับสนุนฐานลูกค้าผู้ประกอบการรายย่อยที่เป็นผู้หญิง”

Frédéric Vereecke เจ้าหน้าที่การลงทุนจาก Belgian Investment Company for Developing countries (BIO) ให้ความเห็นว่า “เรายินดีอย่างยิ่งที่มีโอกาสสนับสนุน Kashf Foundation ในการเสริมสร้างพลังอำนาจแก่สตรีและครอบครัวด้วยการให้บริการทางการเงินที่มีคุณภาพแก่ครัวเรือนที่มีรายได้น้อยในปากีสถาน”

มูลนิธิ Kashf จดทะเบียนเป็นบริษัทการเงินรายย่อยที่ไม่ใช่ธนาคาร ซึ่งควบคุมดูแลโดยสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์แห่งปากีสถาน โดยก่อตั้งขึ้นในปี 1996 ในฐานะสถาบันการเงินรายย่อยเฉพาะทางแห่งแรกของปากีสถาน ซึ่งเริ่มดำเนินการโดยมีต้นแบบมาจาก Grameen และนับตั้งแต่นั้นเป็นต้นมา Kashf ก็ได้ประสบความสำเร็จในตลาดเฉพาะกลุ่มที่มีความพิเศษของตนเองในภาคการเงินรายย่อยในปากีสถาน โดยนำเสนอชุดผลิตภัณฑ์และบริการที่เป็นนวัตกรรมและปฏิรูปเพื่อครัวเรือนที่มีรายได้น้อยโดยเฉพาะผู้หญิง

Belgian Investment Company for Developing countries (BIO) สนับสนุนภาคเอกชนที่เข้มแข็งในประเทศกำลังพัฒนาและประเทศเกิดใหม่ เพื่อให้สามารถเข้าถึงการเติบโตและการพัฒนาอย่างยั่งยืนภายใต้กรอบเป้าหมายการพัฒนาอย่างยั่งยืน บริษัทประสบผลสำเร็จจากการลงทุนในวิสาหกิจขนาดกลางและขนาดย่อม สถาบันการเงิน และโครงการโครงสร้างพื้นฐาน ซึ่งมีส่วนสนับสนุนการเติบโตทางเศรษฐกิจและสังคมในประเทศกำลังพัฒนา

Emerging Markets Global Advisory Limited (EMGA) ซึ่งมีสำนักงานในนิวยอร์กและลอนดอน ให้บริการช่วยเหลือสถาบันทางการเงินและบริษัทต่าง ๆ ที่ต้องการระดมทุนในรูปแบบตราสารหนี้หรือตราสารทุน EMGA ให้บริการแก่ลูกค้าภายในหลายประเทศที่มีเศรษฐกิจกำลังพัฒนาอย่างรวดเร็ว รวมถึงปากีสถาน ด้วยผลงานอันเป็นที่ประจักษ์ด้านการจัดหาเงินทุนและการให้คำปรึกษาเชิงกลยุทธ์ในวัฏจักรเศรษฐกิจที่หลากหลาย EMGA ยังคงขยายการดำเนินงานและเสนอบริการออกไปอย่างต่อเนื่อง เพื่อสร้างจุดยืนที่มั่นคงในตลาดในฐานะธนาคารเพื่อการลงทุนที่เน้นตลาดเกิดใหม่สำหรับอุตสาหกรรมที่โดดเด่น

ติดต่อสอบถามได้ที่
info@emergingmarketsglobaladvisory.com

The industry loss estimate includes estimated wind, storm surge, and inland flood losses resulting from Ian’s landfalls in both Florida and South Carolina; Majority of insured losses in estimate caused by wind damage in Florida

BOSTON, Oct. 03, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq:VRSK) estimates that insured losses to onshore property for Hurricane Ian will range from USD 42 billion to USD 57 billion. The industry loss estimate from Verisk Extreme Event Solutions includes estimated wind, storm surge, and inland flood losses resulting from Ian’s landfalls in both Florida and South Carolina. The loss estimate excludes certain elements, such as losses to the National Flood Insurance Program and any potential impacts of litigation or social inflation, that could cause the total insured industry loss to exceed USD 60 billion.

Wind damage of USD 38 to 51 billion comprises the majority of the loss estimate. Storm surge (excluding losses from the NFIP) account for USD 3 to 5.5 billion of the loss estimate, and inland flood less than USD 1 billion. Approximately 1 percent of the total industry loss will come from the impacts of Ian’s South Carolina landfall.

Overview of the damage 

Wind damage in varying degree was observed in all the areas impacted by Hurricane Ian’s windfield. Damage was more severe in and around the areas where Ian made landfall in southwest Florida. It ranged from significant loss of roof covers in residential homes to torn up roof membranes in commercial structures. Extensive damage is also seen to elements of building components and cladding.

Storm surge also caused massive destruction to communities along the western coast of Florida where Ian made landfall. Residential construction in these areas are predominantly founded on slabs which do not afford a lot of elevation above the local ground surface. Surge damage caused collapse of several rows of beachfront residential homes. In some cases, homes were dislodged from their foundations.

Manufactured homes constitute a significant portion of the residential inventory in southwest Florida when Ian made landfall. Several manufactured home parks in these areas saw massive damage including loss of roofs, damage to wall siding and near total destruction.

What’s included in Verisk’s estimate

Included in the estimate are losses to onshore residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverage. The estimate reflects the impacts of inflation on labor and materials over the past two years, as well as the effects of demand surge, when large numbers of property owners look to rebuild at the same time.

Verisk’s modeled insured loss estimates do not include:

• Losses to inland marine, ocean-going marine cargo and hull, and pleasure boats
• Loss adjustment expenses
• Losses exacerbated by litigation, fraudulent assignment of benefits, or social inflation
• Losses paid out by the National Flood Insurance Program
• Storm surge leakage losses paid on wind-only policies due to government intervention
• Losses to uninsured properties
• Losses to infrastructure
• Losses from extra-contractual obligations
• Losses from hazardous waste cleanup, vandalism, or civil commotion, whether directly or indirectly caused by the event
• Losses resulting from the compromise of existing defenses (e.g., natural and man-made levees)
• Other non-modeled losses, including those resulting from tornadoes spawned by the storm
• Losses for U.S. offshore assets and non-U.S. property

How the hurricane unfolded and broke records

Heavy rain, storm surge, and tropical storm conditions began across portions of southwest Florida late Tuesday afternoon. Overnight Ian slid past the Florida Keys. Despite receiving a glancing blow from Ian, Key West recorded its third-highest storm surge since 1913 at just over 3 feet and peak wind gusts into the upper-60s mph.

Conditions deteriorated rapidly in western Florida as Wednesday morning progressed, with heavy rainfall spreading northward and major-hurricane-force winds from Ian’s eyewall coming onshore late morning near Fort Myers Beach and Sanibel Island. To the south, in Naples and surrounding areas, Ian’s powerful winds were oriented perpendicular to the coast, which exacerbated the water inundation caused by storm surge as water from the Gulf was effectively blown inland. As a result, Naples saw over 6 feet of catastrophic storm surge, shattering the previous record.

Ian officially made landfall at Cayo Costa, Florida at 3:05 PM local time as a Category 4 hurricane with maximum sustained winds of 150 mph. Around this time, a 124-mph wind gust was observed in Punta Gorda before the station failed. Ian then slowly proceeded inland, following a northeasterly track that led the storm’s massive 30-mile-wide eye (wider than the east-west extent of Lake Okeechobee) over Gasparilla Sound and Punta Gorda.

Owing to the storm’s slow motion, areas like Port Charlotte and Englewood remained in Ian’s eyewall for several hours; this resulted in 18 – 20 inches of rainfall in addition to prolonged exposure to the powerful wind gusts located in Ian’s northwestern eyewall. Ian managed to stay about 65 miles southwest of Tampa, which owing to Ian’s large wind field was still close enough to bring wind gusts into the upper-70s mph and 2 – 5 inches of rainfall; before that, Tampa Bay was temporarily drained of water because of inverse storm surge from Ian.

On Thursday morning, Ian moved off the Atlantic coast near Cape Canaveral – a bit further south than previously expected. As Ian moved back over the ocean on Thursday, conditions were favorable enough for some additional strengthening and Ian was upgraded to a hurricane as of Thursday evening.

Ian made a second landfall on Friday afternoon at 2:05 pm EDT near Georgetown, SC as a mid-range Category 1 hurricane with maximum sustained winds of 85 mph. Heavy rainfall and strong gusty winds of more than 50 mph impacted portions of the Carolinas. With these impacts ongoing, Ian was officially declared post-tropical at 5pm as the center moved into northeast South Carolina.

Hurricane Ian brought significant storm surge damage to southwest Florida, to both residential and commercial exposures.  However, the flood insurance take-up on residential risks in Florida are low.

About Extreme Event Solutions at Verisk

Extreme event solutions at Verisk provides risk modeling solutions that help individuals, businesses, and society become more resilient to extreme events. In 1987, Verisk founded the catastrophe modeling industry and today models the risk from natural catastrophes, supply chain disruptions, terrorism, pandemics, and casualty catastrophes. Insurance, reinsurance, financial, corporate, and government clients rely on Verisk’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. Verisk’s extreme event solutions team is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com. For more information about Verisk, a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services, please visit www.verisk.com. 

For more information, contact: 
Mary Keller 
Verisk Extreme Event Solutions 
617-267-6645 
Mary.Keller@verisk.com