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Monitise to remain independent, with new CEO

2015-03-25 09:57:00| Telecompaper Headlines

(Telecompaper) Mobile money specialist Monitise has concluded the strategic review it announced in January, and said it will remain an independent company, having found this was the best way to maximise long-term value for shareholders. The company has stopped all takeover talks and said it is no longer in an offer period. Elisabeth Buse will lead Monitise as CEO, while founder and co-CEO Alastair Lukies will step down with immediate effect. In his new role as founder and strategic adviser, Lukies will report to Buse. Meanwhile, Stephen Shurrock, CEO of Consumer at Telefonic, has been appointed a non-executive director, representing shareholders Telefonica and Santander. Going forward, the company will focus on sales in Europe, the Middle East and North America. Additional market opportunities will be pursued where they directly support partner needs. Monitise reiterated its forecast for this year, guiding for revenues at GBP 90-100 million and EBITDA loss of GBP 40-50 million. The company still expects to become EBITDA profitable in FY 2016. In addition to revenue growth, Monitise continues to expect H2 2015 operating and capital expenses materially lower than in H1, with a further improvement in FY 2016. Monitise also continues to see 200 million users and ARPU at GBP 2.50 ARPU as commensurate with the scale of its opportunity. The company declined to give any timing to the targets, saying they would be driven by partner-led product and service roll outs. By the end of FY 2018, the company sees EBITDA margins passing 30 percetn, underpinned by high operational leverage.

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Independent Oil and Gas adds Hambleton discovery to UK North Sea portfolio

2015-03-23 01:00:00| Offshore Technology

UK-based Independent Oil and Gas (IOG) has added the Hambleton discovery to its assets after its license covering the 48/22c block was extended by 42km.

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How You as an Independent Sales Rep Should be Treated By Your Principal

2015-03-17 17:14:48| MANAonline.org

By Jeffrey Simon Jeffrey Simon is CEO of RepHunter.net, an online resource that helps manufacturers find representatives and representatives find new lines. Jeffrey can be contacted toll free by phone at 877-895-2909 or by email at jas@rephunter.net An independent sales rep should expect to be treated as a valued partner who can help the manufacturer […]

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Your Independent Spare Part and Service Provider

2015-03-16 11:49:00| Offshore Technology

Don't be dictates to by your OEM supplier. Your requirements for quality, on-time delivery and value for money can be met by Pinnacle RE-TEC.

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Microcontrollers offer 2 independent closed loop channels.

2015-03-02 14:31:06| Industrial Newsroom - All News for Today

Based on 8-bit platform, Series PIC16(L)F1769 comprises intelligent analog and digital peripherals, including tri-state op amps, 10-bit ADCs, 5- and 10-bit DACs, 10- and 16-bit PWMs, and high-speed comparators, along with two 100 mA I/Os. Programmable Ramp Generator provides real-time responses to system change, without CPU interaction for multiple independent channels. Hardware-based LED dimming control function is enabled by interconnections of Data Signal Modulator, op amp, and 16-bit PWM.

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