On Monday, Ericsson (ADR) (NASDAQ:ERIC)’s shares declined -1.85% to $11.12.
CENX, a global leader of Service Orchestration solutions for software-defined and virtualized networks, today announced that it has partnered with Ericsson (ERIC) to integrate CENX’s Cortx Service Orchestrator as a key element of Ericsson’s global Managed Services Delivery Platform. The Cortx Service Orchestrator solution allows Ericsson’s managed service professionals to proactively monitor customers’ data connectivity services, providing real-time visibility of end-to-end circuit availability and performance, spanning multiple technologies.
CENX’s Cortx Service Orchestrator delivers an intuitive graphical dashboard to identify performance degradation (e.g. frame loss, latency and jitter) and simplifies the isolation of faults, significantly reducing Mean Time To Repair, increasing network availability and enhancing customer experience.
The capabilities of CENX’s Cortx Service Orchestrator allow Ericsson to identify degradation of Ethernet circuits before they begin to significantly impact end users of the network. It provides service delivery teams with the ability to measure Local Exchange Carriers and Alternate Access Vendors’ performance against key performance indicators and manage them in line with service level agreements.
Ericsson provides communications technology and services worldwide. The companys Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks. Its Global Services segment delivers managed services, such as services for designing, building, operating, and managing networks or solutions; maintenance; network sharing solutions; shared solutions; and managed services of IT environments, in addition to provides broadcast and media services.
On Deck Capital Inc (NYSE:ONDK)’s shares dropped -8.64% to $12.48.
On Deck Capital Inc (ONDK) declared that a $2.7 million grant from the Sam’s Club Giving Program will assist launch their TILT Forward Initiative, which improves access to capital for millions of small business owners and entrepreneurs on Main Streets and in neighborhoods throughout the country.
AEO President and CEO Connie Evans said the TILT Forward Initiative addresses a “market failure” in business lending, noting that 8,000 business loan requests are declined each work day by financial institutions, according to the Treasury Department. Those declines cause an estimated capital shortfall of $44 to $52 billion annually, which is slowing job growth and negatively impacting the nation’s economy.
The TILT Forward Initiative brings best-in-class product, marketing and capital solutions to a network of community and non-profit lenders. The initiative allows small businesses, counting 11 million Main Street businesses located in underserved communities, to have better and quicker access to some of the lowest rates accessible.
On Deck Capital, Inc. provides financing products to small businesses in the United States. It offers fixed term loans and revolving line of credit. The company processes and services its loans through its online platform. On Deck Capital, Inc. was incorporated in 2006 and is headquartered in New York, New York.
Lumber Liquidators Holdings Inc (NYSE:LL), ended its Monday’s trading session with -0.05% loss, and closed at $21.48.
Lumber Liquidators Holdings Inc (NYSE: LL) declared that it is integrating the leadership of its merchandising and marketing departments. Marco Q. Pescara, the Company’s Chief Marketing Officer since 2006, has been promoted to serve as the Company’s Chief Merchandising and Marketing Officer effective June 19, 2015. As the Company’s Chief Marketing Officer, Mr. Pescara developed the brand and customer strategy to communicate and deliver the Company’s core value proposition through all areas of marketing. In his new position, Mr. Pescara will lead the Company’s marketing and merchandising functions to provide a cohesive message and product assortment to the Company’s customers.
Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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