On Monday, Shares of Moody’s Corporation (NYSE:MCO), gained 2.05% to $101.08.
U.S. private-sector franchise jobs raised by 33,000 during the month of September, according to the ADP National Franchise Report. Broadly distributed to the public each month free of charge, the ADP National Franchise Report measures monthly changes in franchise employment derived from ADP’s actual transactional payroll data. The report is produced by ADP in partnership with Moody’s Analytics, Inc. and is published by the ADP Research Institute.
“Franchise employment growth rebounded in September surpassing August by 50 percent,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute. “The big story was Restaurants which accounted for about 75 percent of total franchise employment growth for the month.”
Moody’s Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. The company operates through Moody’s Investors Service and Moody’s Analytics segments.
Shares of AEGON N.V. (ADR) (NYSE:AEG), inclined 2.75% to $5.97, during its last trading session.
Aegon, through an associate of its Transamerica unit, has reached a contract with Mercer HR Services, LLC to acquire Mercer’s US defined contribution administration book of business. Upon completion of the acquisition, the defined contribution business will transition to Transamerica Retirement Solutions, which will become a top ten defined contribution record-keeper based on plan participants and assets. Mercer is widely recognized for its best-in-class solutions in the large corporate benefits administration market. As such, the transaction complements Transamerica’s current retirement services offering, which has practiced success and growth in the large and mega markets with a primary focus in the not-for-profit segment.
“This agreement with Mercer further strengthens Transamerica’s leading position in the US retirement sector, with the know-how and broad capability to serve every retirement plan market segment,” said Mark Mullin, a member of Aegon’s Administration Board and President & CEO of Transamerica. “This latest planned development supports our aim to further grow and diversify our customer base, while ongoing to expand our offering of fee-based retirement solutions.”
As a result of the acquisition, the number of retirement plan participants serviced by Transamerica will improvement by 917,000 to about 5 million. Assets under administration (AUA) will improvement by USD 71 billion to about USD 216 billion*.
In addition, Transamerica will become the preferred defined contribution record-keeping provider for Mercer’s total benefit outsourcing and total retirement outsourcing clients going forward. The added scale in participants and AUA, coupled with new business opportunities and additional expertise in the large and mega corporate market segment, collectively demonstrate the planned fit of this acquisition for Transamerica.
Aegon N.V. provides life insurance, pensions, and asset administration services. The company operates through the Americas, the Netherlands, the United Kingdom, and New Markets. The company offers life and protection products, such as traditional and universal life, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance.
At the end of Monday’s trade, Shares of Commercial Metals Company (NYSE:CMC), gained 4.55% to $14.70.
Commercial Metals Company (CMC), in conjunction with its fourth quarter earnings release, invites you to listen to its conference call that will be broadcast live over the Internet on Wednesday, October 28, 2015, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Joe Alvarado, Chairman of the Board, President & CEO, and Barbara Smith, Senior Vice President & CFO.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.
Finally, Solaredge Technologies Inc (NASDAQ:SEDG), ended its last trade with 7.97% gain, and closed at $24.51.
Dome9 Security, the leader in security and compliance for public clouds, declared that it had raised $8.3 Million USD in Series B financing. The new capital will enable the company to grow its sales and marketing efforts, and expand its product portfolio for purpose-built cloud security solutions. This new round of funding comes in the wake of the company’s tremendous success of its popular cloud security service which presently protects more than 250 enterprise customers.
Dome9 SecOps cloud infrastructure security service protects IaaS deployments. Leveraging cloud-native technologies, Dome9 orchestrates security policies, visualizes security risks, and remediates threats to ensure secure application delivery in the cloud. Among the company’s unique services is “Dome9 Clarity” that is trusted by hundreds of enterprises to concisely visualize security policies and maps threats across enterprise clouds over Amazon Web Services (AWS), Windows Azure, IBM/SoftLayer, Google Cloud Platform, and many others.
The company declared the addition of several industry heavyweights to its board. Avery More, Founder and Managing Partner of ORR partners, seed investor and board member at SolarEdge (NASDAQ: SEDG) joins the company as Chairman of the Board. He is joined on the board by Joshua Levinberg, Founder and Managing Partner at JAL Ventures, and co-founder of Gilat Satellite Networks (NASDAQ: GILT). Practiced venture investor and Silicon Valley executive, Herb Madan also take partd in the round and has joined Dome9’s advisory board.
SolarEdge Technologies, Inc. designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, Europe, the United States, and internationally.
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