Latest news with #ITServices
Finextra
11 hours ago
- Business
- Finextra
Abacus Group acquires Entara to expand cybersecurity capabilities
Abacus Group, a leading IT Managed Services Provider ('MSP') and Managed Security Services Provider ('MSSP') to financial services firms globally, today announced it has acquired Entara, a Chicago-based IT MSP and MSSP serving financial services and other highly regulated, high-touch industries. This acquisition enhances Abacus Group's global reach and capabilities across cybersecurity, professional services, and digital infrastructure. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Complementing its deep financial services IT and security expertise, Abacus Group will extend Entara's specialized incident response capabilities to its clients and their portfolio companies, strengthening its layered defense approach and 24/7 cyber recovery support. Entara also brings a mature, AI-driven instance of the ServiceNow platform that will enhance the service experience and outcomes for all clients. The combination of Abacus Group and Entara enables the seamless, global extension of managed IT and cybersecurity services at scale, including the market-leading abacusFlex platform, to Entara's existing clients. This powerful combination benefits customers of all sizes, delivering premium and regulatory-compliant services to financial managers and large multinational organizations. Jonathan Bohrer, President, Abacus Group, said: 'I am delighted to welcome Entara and its clients to Abacus Group. Entara's reputation and long-standing client relationships align perfectly with our core values as we further establish Abacus Group as the premier provider of managed services and cybersecurity globally. We are committed to leadership, innovation, operational excellence and exceptional client experiences in our unique vertical markets, and this acquisition demonstrates just that. 'Together, our combined capabilities and footprint will unlock immense opportunities for clients, employees and shareholders. We look forward to working with the Entara team to ensure a seamless integration,' he said. Pam Diaz, CEO and President at Entara commented: 'We are excited to embark upon this collective journey as part of Abacus Group. Our shared customer service values and commitment to excellence will allow us to offer a broader range of premium services to our long-standing clients, as well as future prospective clients.' 'Our employees are some of the biggest winners in this deal,' added Diaz. 'They take immense pride in the innovative capabilities they have built around Incident Response and ServiceNow - solutions built on years of AI and automation research and development. With this next chapter, they'll have the opportunity to share those contributions within a larger organization, amplifying their impact at scale.' Linda Maclachlan, Founder and Owner of Entara, reflects on her decision to join forces: 'This combination creates something unique in the cybersecurity landscape—a provider that can scale from boutique, high-touch service to enterprise-grade global operations without losing the personal attention that builds lasting relationships. After building Entara for 24 years and growing it organically, I am filled with gratitude for our clients, our employees, and our extraordinary leadership team who have all been true partners in shaping this company.'
Entrepreneur
13-06-2025
- Business
- Entrepreneur
Entrepreneur UK's London 100: Cygnetise
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Industry: IT Services and IT Consulting "We're creating a new category by using emerging technology to replace manual processes and improve the experience and accuracy of Authorised Signatory Management. Our solution, designed to be a global standard, empowers companies across any sector and geography to significantly reduce the risk of fraud, transform operations and customer journeys, and strengthen governance," says Steve Pomfret, founder and CEO, Cygnetise. Cygnetise is a multi-award-winning pioneer in Authorised Signatory Management and a well deserved place on the Entrepreneur UK London100 list. It is one of the original and longest-standing enterprise blockchain applications demonstrating a successful real-world application to industry problems. The company was launched by founders Steve Pomfret and Shaun Blake in 2016, starting from a blank canvas and with zero investment. The co-founders saw authorised signatory lists as a perfect use case for blockchain's secure, peer-to-peer data sharing. They set out to build a blockchain solution that simplifies and automates signatory management for banks and large organisations – cutting risk and replacing outdated, manual processes.
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Should You Buy, Sell, or Hold ServiceNow Stock at 14.92X P/S?
ServiceNow NOW shares are overvalued, as suggested by the Value Score of F. In terms of the forward 12-month Price/Sales, NOW is trading at 14.92X, higher than the Computer & Technology sector's 6.21X. Price/Sales (F12M) In terms of share price performance, NOW's shares have lost 4.6% year to date compared with the Zacks Computer & Technology sector decline of 0.3%. The company's shares fell due to a worsening macroeconomic environment following U.S. President Donald Trump's decision to levy tariffs on trading partners, including China and Mexico. However, NOW shares have outperformed the Zacks Computers – IT Services industry's decline of 6.4%. ServiceNow has been benefiting from the rising adoption of its workflows by enterprises undergoing digital transformation. The company's expanding portfolio, accretive acquisitions and a rich partner base have been a key catalyst. YTD Performance Can NOW stock overcome macroeconomic challenges driven by its strong digital transformation growth and robust product portfolio? What should investors do with NOW shares at the current valuation? Let's find out. NOW's Expanding Portfolio Aids Prospect NOW's expanding portfolio has been noteworthy. In May 2025, ServiceNow introduced its Core Business Suite, an AI-powered solution designed to streamline and transform core business operations, including HR, finance, procurement, facilities, and legal, by unifying workflows and automating processes across departments to improve efficiency, reduce time to value, and enhance employee experiences. ServiceNow also announced the launch of AI agents in its Security and Risk solutions, transforming enterprise security by enabling self-defending systems, improving response times, and enhancing risk management in collaboration with Microsoft and Cisco. Further expanding its portfolio in May 2025, NOW announced advancements in autonomous IT, introducing agentic AI capabilities on the ServiceNow AI Platform to drive zero outages, zero downtime, and zero service desk incidents. Acquisitions have also played an important role in expanding NOW's portfolio. In April 2025, ServiceNow announced the acquisition of a company specializing in AI-powered and Configure, Price, Quote solutions. This move is set to bolster ServiceNow's CRM offerings, particularly in sales and order management, by integrating advanced AI capabilities. NOW Benefits From an Expanding Partner Base NOW's strong and frequently updated portfolio is helping it win customers on a regular basis. NOW had 72 transactions of more than $1 million in net new annual contract value (ACV) in the first quarter of 2025. The company expanded its customer relationships, reaching 508 customers with more than $5 million in ACV at the end of the reported quarter, which represents 20% year-over-year customer growth. Its rich partner base includes Amazon's AMZN cloud computing platform, Amazon Web Services (AWS), Microsoft, NVIDIA NVDA, Zoom Communications and Vodafone Group VOD, which has been noteworthy. In May 2025, NOW partnered with Amazon Web Services to launch a bi-directional data integration solution, enabling enterprises to unify data and trigger AI-powered workflows by connecting ServiceNow with Amazon Redshift. The company expanded its partnership with NVIDIA to introduce the Apriel Nemotron 15B reasoning model and a new data flywheel architecture, enhancing the efficiency, accuracy, and real-time decision-making capabilities of enterprise AI agents. This is achieved by leveraging NVIDIA's NeMo microservices and GPU infrastructure. In the first quarter of 2025, ServiceNow partnered with Vodafone Business to launch AI-powered service management solutions. This collaboration with Vodafone aims to enhance customer service by enabling faster query resolution, proactive anomaly detection and streamlined tool deployment. NOW's Earnings Estimate Revision Steady The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $3.53 per share, unchanged over the past 30 days, indicating a 12.78% increase over 2024's reported figure. NOW's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 6.61%. The consensus mark for second-quarter 2025 revenues is pegged at $3.12 billion, suggesting growth of 18.79% over 2024's reported figure. How Should You Approach ServiceNow Stock? ServiceNow's robust AI portfolio and strong partner base are expected to drive its clientele. However, unfavorable forex amid a challenging macroeconomic environment, stiff competition and lingering concerns related to tariffs are a concern. NOW stock's stretched valuation makes the stock unattractive for value investors. ServiceNow currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a more favorable time to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report Vodafone Group PLC (VOD): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report
Yahoo
02-06-2025
- Business
- Yahoo
SAIC (SAIC) Q1 Earnings Miss Estimates
SAIC (SAIC) came out with quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.28%. A quarter ago, it was expected that this information technology company would post earnings of $2 per share when it actually produced earnings of $2.57, delivering a surprise of 28.50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. SAIC , which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.88 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.71%. This compares to year-ago revenues of $1.85 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SAIC shares have added about 3.4% since the beginning of the year versus the S&P 500's gain of 0.5%. While SAIC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SAIC: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.21 on $1.86 billion in revenues for the coming quarter and $9.19 on $7.67 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Accenture (ACN), another stock in the same industry, has yet to report results for the quarter ended May 2025. The results are expected to be released on June 20. This consulting company is expected to post quarterly earnings of $3.27 per share in its upcoming report, which represents a year-over-year change of +4.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Accenture's revenues are expected to be $17.18 billion, up 4.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Accenture PLC (ACN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
01-06-2025
- Business
- Yahoo
KKR raises conditional offer for German IT services firm Datagroup
(Reuters) -Frankfurt-listed IT services provider Datagroup SE said on Sunday that KKR has made a conditional proposal to increase the potential acquisition offer to up to 58 euros ($65.84) per share. KKR initially offered 54 euros per share in an all-cash transaction valuing Datagroup at approximately 450 million euros. Under the revised terms, the offer price will rise to 56.50 euros a share if the bidder secures at least 80% of outstanding shares and if it reaches 90%, the offer will stand at 58 euros per share. If neither of these thresholds is met, the original offer price will remain unchanged, the statement said, adding that the acceptance period runs until June 6, 2025. KKR also explicitly ruled out a further increase of the offer price. Datagroup will delist from the stock exchange once the purchase is settled, with closing expected in the third quarter of 2025. The IT services provider has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8813 euros) 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
