On Thursday, Iron Mountain Inc (NYSE:IRM)’s shares declined -1.34% to $36.73.
Acuity Administration Solutions, a leading provider of cloud-based legal e-billing, matter administration and analytics technology, has selected Iron Mountain Inc (IRM) and NEC Corporation of America (NEC) to protect its Software-as-a-Service (SaaS) applications and client data using a unique escrow and hosting solution. This solution answers a critical need for ensuring business continuity and information protection.
Storage and information administration company Iron Mountain, together with NEC, engineered a contract framework that allows both companies to leverage their core competencies to create a complete SaaS protection solution for Acuity’s subscribers.
The adapted technology business continuity service works with NEC’s NBlock Infrastructure-as-a-Service to safeguard SaaS applications, as well as the intellectual property that runs those applications, and the associated customer data. This solution protects the subscribers of Acuity’s SaaS applications in the event of problems with the SaaS provider, noteworthyoutages, or other service issues. This enables Acuity to build trust with its prospects and customers because the solution addresses the risk objection head on, by giving the subscriber a means to execute its contingency plan independently.
Iron Mountain Incorporated, together with its auxiliaries, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, and International Business segments.
Acxiom Corporation (NASDAQ:ACXM)’s shares dropped -5.20% to $16.58.
Acxiom Corporation (ACXM) an enterprise data, analytics and software-as-a-service company, recently declared that it has reached a definitive agreement to sell its IT Infrastructure Administration business (Acxiom IT) to Charlesbank Capital Partners (Charlesbank) and M/C Partners for total cash consideration of up to $190 million.
Acxiom IT Divestiture
Under the terms of the agreement, total potential cash consideration is about $190 million, comprised of $140 million in cash at closing and up to $50 million in contingent payments subject to certain performance metrics. In addition, Acxiom will receive a five percent profits interest in the go-forward Company.
The sale is predictable to close in the second quarter of fiscal 2016, following the satisfaction of regulatory requirements and other customary closing conditions. Acxiom will report ITO as a component of suspended operations startning in the first quarter of fiscal 2016.
Acxiom Corporation operates as an enterprise data, analytics, and software-as-a-service company in the United States, Europe, South America, and the Asia-Pacific. The company operates in three segments: Marketing and Data Services, IT Infrastructure Administration, and Other Services.
At the end of Thursday’s trade, MEI Pharma Inc (NASDAQ:MEIP)‘s shares dipped -4.98% to $1.91.
MEI Pharma Inc (MEIP) declared top-line data from a randomized Phase II clinical study of its investigational drug candidate Pracinostat in combination with azacitidine in patients with formerly untreated intermediate-2 or high-risk myelodysplastic syndrome (MDS). The double-blind, placebo-controlled study enrolled a total of 102 patients, randomized one-to-one, at 19 sites in the U.S.
MEI Pharma, Inc., an oncology company, focuses on the clinical development of novel therapies for the treatment of cancer. The company’s lead drug candidate is Pracinostat, an orally accessible histone deacetylase inhibitor, which is in Phase II clinical trial for the treatment of hematologic diseases, such as myelodysplastic syndrome and acute myeloid leukemia.
AirMedia Group Inc (ADR) (NASDAQ:AMCN), ended its Thursday’s trading session with -4.94% loss, and closed at $5.77.
AirMedia Group Inc (ADR) (AMCN) declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Total revenues reduced by 3.8% year-over-year and 9.7% quarter-over-quarter to US$61.0 million.
- Net revenues reduced by 4.4% year-over-year and 8.4% quarter-over-quarter to US$60.3 million, surpassing the upper end of the Company’s previous guidance by US$4.3 million.
- Net loss attributable to AirMedia’s shareholders was US$5.7 million. Basic and diluted net loss attributable to AirMedia’s shareholders per American Depositary Share (“ADS”) were both US$0.10. The year-over-year enhance in net loss attributable to AirMedia’s shareholders was partially due to income tax expenses of US$1.9 million in the first quarter of 2015, contrast to income tax benefits of US$4,000 in the same period one year ago.
- Adjusted EBITDA attributable to AirMedia’s shareholders (non-GAAP), which is EBITDA attributable to AirMedia’s shareholders not taking into account share-based compensation expenses, was a loss of US$317,000, contrast to a loss of US$422,000 in the same period one year ago.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by seven airlines; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, in addition to other outdoor media displays out of the air travel advertising sector.
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