Latest news with #Connecticut-based
Axios
14 hours ago
- Business
- Axios
Exclusive: Slide raises $25M Series A for data recovery
Slide, a data disaster recovery platform, locked up a $25 million Series A round led by Base10 Partners, cofounder and CEO Michael Fass tells Axios Pro. Why it matters: Business are searching for tools to protect data and business operations as ransomware and malware attacks increase and threats of network outages loom. How it works: Slide's business continuity and disaster recovery platform was built specifically for managed service providers that help secure small and medium-sized businesses. Catch up quick: The platform debuted in the market in February, but is already being used by hundreds of MSPs, Fass says. Zoom in: Outsiders Fund and Top Down Ventures also took part in the Series A. Founded in 2023, the Norwalk, Connecticut-based Slide has raised nearly $30 million. Context: Slide cofounder and chair Austin McChord was founder and CEO of security and cloud-based software company Datto, which was bought by IT management firm Kaseya in 2022 for about $6.2 billion. Fass served as general counsel and chief people officer at Datto. What they're saying: The Datto "transaction was not the outcome we had wanted," McChord says. "We thought, 'What if we start over and deliver the vision we have for MSPs?'"
Yahoo
3 days ago
- Business
- Yahoo
Is Synchrony Financial Stock Outperforming the Nasdaq?
Stamford, Connecticut-based Synchrony Financial (SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Valued at $22.9 billion by market cap, the company provides a range of credit products such as credit cards, commercial credit products, and consumer installment loans through programs established with a diverse group of national and regional retailers, local merchants, manufacturers, and more. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and SYF perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the credit services industry. SYF's market leadership is fueled by its vast partner network, comprising national retailers, local merchants, and healthcare providers, paired with a robust digital platform. This digital focus aligns with consumer trends and enhances customer engagement. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its notable strength, SYF shares have slipped 13.4% from their 52-week high of $70.93, achieved on Jan. 23. Over the past three months, SYF stock has gained 15.8%, outperforming the Nasdaq Composite's ($NASX) 11.7% gains during the same time frame. In the longer term, shares of SYF dipped 5.5% on a YTD basis, underperforming NASX's YTD gains of 1.2%. However, the stock climbed 40.8% over the past 52 weeks, outperforming NASX's 9.4% returns over the last year. To confirm the bullish trend, SYF has been trading above its 200-day moving average since mid-May, with slight fluctuations. The stock is trading above its 50-day moving average since early May. SYF is experiencing strong performance driven by interest on credit card balances and consumer loans. The Fed pausing rate cuts is expected to increase loan yields, boosting net interest income. In addition, strategic acquisitions and partnerships are driving digital transformation and product diversification, with rapid expansion of the CareCredit platform in healthcare and collaborations in the pet care market, showing strong growth potential. Moreover, partnerships with industry leaders like PayPal Holdings, Inc. (PYPL), Venmo, and Mastercard Incorporated (MA) have improved the customer payment experience. On Apr. 22, SYF shares closed up more than 2% after reporting its Q1 results. Its EPS of$1.89 exceeded Wall Street expectations of $1.63. The company's net interest income was $4.5 billion, falling short of Wall Street forecasts of $4.6 billion. In the competitive arena of credit services, American Express Company (AXP) has taken the lead over SYF, showing resilience with a marginal downtick on a YTD basis but lagged behind the stock with 29.3% gains over the past 52 weeks. Wall Street analysts are moderately bullish on SYF's prospects. The stock has a consensus 'Moderate Buy' rating from the 23 analysts covering it, and the mean price target of $64.59 suggests a potential upside of 5.1% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 days ago
- Business
- CNBC
Gold is near an all-time high—here's how much a Costco bar bought a year ago is worth today
Costco's gold bars are worth a lot more than they were a year ago — and demand is soaring. The bars have been a steady draw since Costco began selling them in 2023, and a sharp rise in spot gold prices seems to have boosted their appeal. In May, the retailer tightened purchase restrictions, limiting members to one transaction, capped at a maximum of two bars, per day. As of Tuesday morning, gold traded around $3,390 per ounce — near a recent record high and roughly 45% higher than it was at this time last year. Historically, investors tend to flock to gold during periods of geopolitical instability, inflation and concern over the strength of the U.S. dollar. Here's how much more a 1-ounce gold bar purchased at Costco in June 2024 could be worth today, based on the listed purchase price and Tuesday's opening spot price. If you bought gold from Costco a year ago, you may be considering selling at a profit. But offloading a gold bar isn't as simple as checking the spot price and pocketing the difference. The spot price offers a benchmark for negotiating prices, but sellers typically receive about 5% to 10% less, depending on where and how they sell, says Jon Ulin, a certified financial planner based in Boca Raton, bullion dealers typically offer in-person evaluations and immediate payment, and may pay 1% to 5% below the spot price for a standard 1-ounce gold bar — often more than pawn shops, The Wall Street Journal reported on April 19, 2024. Online buyers may advertise competitive rates, often with the added convenience of insured shipping. In either case, vetting potential buyers on platforms like Yelp, Google or the Better Business Bureau can help you avoid lowball offers, hidden fees or scams. "I would avoid private buyers or marketplaces like eBay or Facebook Marketplace," says Ulin. "You're dealing with a high-value item and there's a risk of encountering less-than-reputable individuals." Any profits you make from selling gold can be taxed at a higher rate than other investments, such as stocks or bonds. The IRS generally classifies physical gold — such as bars, coins or jewelry — as a collectible for tax purposes, Troy Lewis, a certified public accountant and professor of accounting and tax at Brigham Young University, told CNBC on April 30. The "collectible" classification means that federal long-term capital gains on gold can be taxed at a rate of up to 28%, compared to a maximum of 20% for stocks or real estate. If the gold is sold within one year, any profit is taxed as ordinary income, which could mean an even higher rate, depending on the seller's tax bracket. By selling gold, you might unexpectedly "be adding up the tax bill you pay to Uncle Sam," says Bill Shafransky, a New Canaan, Connecticut-based financial advisor.
Yahoo
6 days ago
- Business
- Yahoo
Ardurra Acquires Cultural Resource Management Firm, Janus Research, Inc.
MIAMI, June 16, 2025--(BUSINESS WIRE)--Ardurra Group Inc. (Ardurra) announced today the acquisition of Janus Research, Inc. (Janus), a cultural resource management firm that has served Florida clients for over 40 years. Ardurra, ranked #75 on Engineering News-Record's (ENR) Top 500 list, is known for delivering complex engineering and design services to public and private entities across the United States. Founded in 1979, Janus Research is a cultural resource management firm based in Tampa, Florida. The firm helps protect and preserve important historical and cultural sites through comprehensive assessment, planning, and compliance services. Their 21-person team ensures development projects meet federal and state preservation requirements while balancing progress with cultural stewardship across Florida's diverse communities. The acquisition makes Ardurra a top-three cultural resource management provider in the state of Florida. "Janus Research, Inc. has earned an exceptional reputation over four decades in Florida's cultural resource management market. As we continue building our CRM capabilities, their expertise and long-standing relationships will significantly strengthen what we can offer clients. We're pleased to welcome such a respected team to Ardurra," said Ernesto Aguilar, PE, President and CEO of Ardurra. "Building our reputation for excellence and ethical research as a small firm hasn't been easy, but our team has always maintained the highest professional standards," said Ken Hardin, President of Janus Research. "Ardurra shares our values and approach to quality work. We've collaborated on projects before and have great respect for their colleagues. This partnership allows us to take our commitment to excellence to the next level." Janus Research will continue to operate from Tampa while integrating with Ardurra's existing CRM team. About Ardurra Headquartered in Miami, Ardurra provides complex engineering, consulting, and design services for various end markets, including water, transportation, aviation, and public works across the United States. Ardurra Group Inc. operates as a portfolio company of Littlejohn & Co., LLC. (Littlejohn). Littlejohn is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments, primarily in middle-market companies. With approximately $8.0 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit For more about Ardurra, visit About Janus Research, Inc. Janus Research, Inc., a cultural resource management company established in 1979. Headquartered in Tampa, Florida, the firm helps protect and preserve important historical and cultural sites through comprehensive assessment, planning, and compliance services. Their work ensures development projects meet federal and state preservation requirements while balancing progress with cultural stewardship across Florida's diverse communities. More information is available at View source version on Contacts Media Contact Information Ginny Waters813.327.6042 | gwaters@ Ardurra Group, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
Ardurra Acquires Cultural Resource Management Firm, Janus Research, Inc.
MIAMI--(BUSINESS WIRE)--Ardurra Group Inc. (Ardurra) announced today the acquisition of Janus Research, Inc. (Janus), a cultural resource management firm that has served Florida clients for over 40 years. This partnership strengthens our cultural resource management capabilities and creates new possibilities for both teams to collaborate on larger, more complex projects where CRM expertise is critical. Ardurra, ranked #75 on Engineering News-Record's (ENR) Top 500 list, is known for delivering complex engineering and design services to public and private entities across the United States. Founded in 1979, Janus Research is a cultural resource management firm based in Tampa, Florida. The firm helps protect and preserve important historical and cultural sites through comprehensive assessment, planning, and compliance services. Their 21-person team ensures development projects meet federal and state preservation requirements while balancing progress with cultural stewardship across Florida's diverse communities. The acquisition makes Ardurra a top-three cultural resource management provider in the state of Florida. "Janus Research, Inc. has earned an exceptional reputation over four decades in Florida's cultural resource management market. As we continue building our CRM capabilities, their expertise and long-standing relationships will significantly strengthen what we can offer clients. We're pleased to welcome such a respected team to Ardurra," said Ernesto Aguilar, PE, President and CEO of Ardurra. "Building our reputation for excellence and ethical research as a small firm hasn't been easy, but our team has always maintained the highest professional standards," said Ken Hardin, President of Janus Research. "Ardurra shares our values and approach to quality work. We've collaborated on projects before and have great respect for their colleagues. This partnership allows us to take our commitment to excellence to the next level." Janus Research will continue to operate from Tampa while integrating with Ardurra's existing CRM team. About Ardurra Headquartered in Miami, Ardurra provides complex engineering, consulting, and design services for various end markets, including water, transportation, aviation, and public works across the United States. Ardurra Group Inc. operates as a portfolio company of Littlejohn & Co., LLC. (Littlejohn). Littlejohn is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments, primarily in middle-market companies. With approximately $8.0 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit For more about Ardurra, visit About Janus Research, Inc. Janus Research, Inc., a cultural resource management company established in 1979. Headquartered in Tampa, Florida, the firm helps protect and preserve important historical and cultural sites through comprehensive assessment, planning, and compliance services. Their work ensures development projects meet federal and state preservation requirements while balancing progress with cultural stewardship across Florida's diverse communities. More information is available at
