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CMMI® Institute Reports Fifth Consecutive Year of Record Growth

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  • In 2016, 2,237 global organizations earned a CMMI® rating, reinforcing the demand for improved organizational capabilities

CMMI® Institute announced today that 2,237 organizations earned a Capability Maturity Model Integration (CMMI) appraisal rating in 2016, a 16 percent global increase in the number of completed appraisals.

Business leaders who conduct a CMMI appraisal can determine what their company must do to strengthen the skills and systems designed to lift a given enterprise, business unit, or specific function to the next level. By using CMMI, companies can measure their capability against a defined framework of best practices and decisively identify sweet spots to be more competitive.

“CMMI appraisals are recognized around the world as a trustworthy measure of an organization’s capability to deliver higher quality products and services,” said Kirk Botula, CEO of CMMI Institute. “Every year more and more organizations realize the value of a CMMI maturity level and in 2016 we saw that growth particularly in the US, China, and India.”

As defined by McKinsey & Company, capability is “anything an organization does well that drives meaningful business results.” And, when a company’s distinctive capabilities are clearly defined, everything and everyone within the organization begin to reinforce one another. Many organizations can benefit from using a capability maturity model, like CMMI, to measure their capabilities against best practices and pinpoint which ones drive higher performance across the enterprise.

Results from the CMMI Institute’s Assess Your Organizational Capability Study demonstrate that leaders are increasingly aware of the value of improving the key capabilities in their organizations. The number of organizations using CMMI is rising year over year indicating that more companies than ever are looking to CMMI to build a culture of continuous improvement. And there continues to be opportunities for CMMI adoption as:

  • Nearly 50 percent of organizations don’t have standard processes, process assets and job aids in place.
  • 42 percent of organizations have no established standard-planning processes.
  • 54 percent do not measure what matters.

Specifically, here is how two high performing organizations are using CMMI to drive business results:

Allianz UK, Europe’s largest insurer with an operating profit of 10.8 billion euros, needed to build its foundational capabilities in project management and engineering innovation across geographical divisions to manage complexity and increase performance. When they implemented CMMI, they saw a dramatic improvement in performance with a 39 percent increase in project on-time delivery rates, a 123 percent increase in projects delivered on budget, and a 53 percent jump in customer satisfaction. As stated by Allianz’s Director for Systems Development, Jean Harris, “In today’s rapidly evolving world, the ability to create new value and the ability to be innovative is now more important to an organization’s survival than at any other time in our history,”

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Toshiba Tec Unveils Mobile Printer Delivering Three-Inch Wide Labels and Receipts

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Toshiba Tec Corporation today unveils its B-FP3 mobile printer, which produces three-inch wide receipts and labels. The light and compact, yet robust printer with proven drop-resistant durability delivers crisp and clear labeling. The introduction of Toshiba Tec’s latest product expands the company’s mobile printer line enabling organizations to create two- to four-inch labels and receipts for an array of uses. The newly-minted B-FP3 printer will be available in April 2017.

The B-FP3 line features two models: one exclusively for printing receipts and another model, which delivers both labels and receipts. Toshiba Tec’s receipt model is also engineered to meet the width specifications of commonly-produced receipts to address organizations’ increasing receipt needs. In combination with mobile POS, Toshiba Tec’s receipt printer further enables pre-order and payments for queue busting applications, especially in the hospitality industry, within retail settings. The B-FP3 is also ideal for DSD (Direct Store Delivery) use.

B-FP3 is specially developed for extended use. The printers’ built-in energy saving functionality allows users to print approximately 3.3 rolls of media and complete almost two days of operation on one charge. The B-FP3’s print quantity and speed are also improved even when operating in energy saving mode. The B-FP3 is Toshiba’s first printer to comply with the Qi standard, an open interface standard for inductive wireless charging, which does not require battery removal or any external cable connection when charging. Intuitive connectivity to smart devices on iOS and Android platforms; an adjustable media holder, simple media swapping; and clearer notifications via a color LCD display further simplify organizations’ use of the new printer.

The development of Toshiba Tec’s B-FP3 printer aligns with the company’s commitment to the environment. The product is certified as one of Toshiba’s “Excellent ECPs (Environmentally Conscious Products),” which is the company’s internal certification awarded only to products achieving the highest level of environmental performance in the industry. The B-FP3’s energy-saving sleep mode, which dramatically reduces charging frequency, is a primary reason for the product attaining the certification.

The new mobile printer is designed and developed with “Together Information” – Toshiba Tec Printing Solutions’ vision of how people and organizations create, record, share, manage and display ideas and data – in mind. This concept is reflected in the global message for the new product: “Connect. Integrate. Simplify. – Technology for every workspace, delivering advanced functionality, ease of use and peace of mind.”

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EZDAN PLACES US$ 500 MILLION SUKUK

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  • Investor demand in total reaching to c. US$ 1.2 billion, about 2.4 times of the offered amount.
  • Sukuk has a maturity of 5 years and will pay a fixed coupon of 4.875% per annum.

Ezdan Holding Group Q.P.S.C. priced its 2nd Sukuk transaction, under its US$ 2bn Sukuk EMTN Programme established in 2016. The successful US$ 500 million 5 year Sukuk was priced on 29th March 2017, and  attracted an order-book of more than US$ 1.2 billion, with 129 investors from around 30 countries participating.

Commenting on the deal, Mr. Ali Mohammed Al Obaidli, Group CEO of Ezdan Holding said, “We are very pleased at the excellent market reception to Ezdan’s second Sukuk issue. The strong demand for the Company’s second Sukuk is a clear sign of support for the economic fundamentals of Qatar as well as a testament to the continuous sponsorship to Ezdan’s credit from regional and international investors. Investors’ strong interest resulted in the order book being 2.4 times oversubscribed, reaching  c. US$ 1.2 billion, more than the over subscription amount in Ezdan’s inaugural transaction.. We consider debt capital markets as a key source of funding that will enable us to maintain a diversified and balanced suite of financing instruments for Ezdan’s continued growth

Investors from the Middle East took 58% of the issuance, with European investors subscribing for 28% and Asian and other investors taking 14%. In terms of distribution by investor type, banks took 46% of the issue amount, followed by fund managers with 32%, private banks with 12% and other institutional investors with 10%.

Ahmed Abdelaal, Regional Head of Corporate Clients Coverage MENAT, HSBC, added:“It is again a great honour for HSBC to be part of this successful transaction for the second consecutive year. The strong investor participation both regionally and internationally is a reflection of Ezdan Holding’s ever growing franchise and its ability to capitalize on its credit strengths to continue building international investor recognition.

The transaction is the second milestone in Ezdan’s $2 billion Sukuk programme established on 3 May 2016. The issuance was concluded after an extensive investor roadshow in Hong Kong, Singapore, the UAE and London.

Mr Jan- Willem Sudmann, Group Head of Head of International Banking Group at Mashreqbank psc mentioned:I would like to congratulate the Ezdan team on a very successful close of the 2nd issuance of USD 500M under their USD 2B program. The 2.4X oversubscribed transaction with demand from Asia, Middle East and Europe has demonstrated that Ezdan is fast becoming an established issuer and is also recognized by investors as a strong Qatar based enterprise.

We at Mashreq are proud to be associated as Global Coordinator for this transaction with Ezdan and look forward to contributing to their continued successes in the future.”

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DAMAC Properties Awards Contract Worth AED 58.4 million for Main Structure Works of a Villa Cluster at AKOYA Oxygen

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DAMAC Properties, a leading luxury real estate developer in the region, has recently awarded a contract worth AED 58.4 million for the main structure works of villas at Mulberry cluster in AKOYA Oxygen, a 55-million-square-foot lush green development in Dubailand. The main structure works contract has been awarded to Towers Technology Contracting Co LLC – Dubai.

The grading works, final design and mobilisation works at Mulberry cluster in AKOYA Oxygen are all completed. Engineering works and deep service works are in progress.

Mohammed Tahaineh, Senior Vice President – Commercial, DAMAC Properties, said: “We are content with the pace of progress in development across the various clusters at AKOYA Oxygen. The contractors we appoint hold a proven track record characterised by quality work and timely delivery. We are confident that Towers Technology Contracting will deliver on our contractual agreement to complete the main structure works of the villas at Mulberry cluster in AKOYA Oxygen in a timely manner, while maintaining quality standards.”

AKOYA Oxygen presents a tranquil community environment based around greenery and seclusion. Energy-efficient homes are surrounded by lush landscaping and cascading water features. Located off the Umm Suqeim Road extension and around 15 minutes from DAMAC Hills, AKOYA Oxygen will have an up-market resort feel. The development will include contemporary residential properties of various sizes surrounding an 18-hole championship golf course, along with an organic produce market, hydroponic café, luxury wellness centre, outdoor yoga enclave and retail outlets featuring well-known brands.

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Acelity Names R. Andrew Eckert President and Chief Executive Officer

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Acelity L.P. Inc., a leading global advanced wound care company, today announced that it has named R. Andrew Eckert as President and Chief Executive Officer. Eckert succeeds Joseph Woody, who is leaving Acelity following the successful divestiture of the company’s LifeCell division earlier this year.

“We have a proven and experienced leader at the helm as we embark on a promising new phase in the transformation of Acelity,” said Buddy Gumina, Chairman of the Acelity Board of Directors. “Andy brings a significant set of expertise and experience from across the healthcare and technology sectors and will be a tremendous addition to the team as we concentrate on developing and expanding our industry-leading portfolio of advanced wound therapies.”

Eckert is a seasoned executive and brings to his new role considerable experience as chief executive of numerous public and private healthcare technology and services companies. He is the former CEO of TriZetto Corporation, a provider of world-class healthcare information technology and service solutions that was acquired by Cognizant Technology Solutions in 2014. In addition to TriZetto, Eckert has led five other companies, including CRC Health Group, Eclipsys Corporation, ADAC Laboratories, and most recently, Valence Healthcare in 2016. He serves as Chairman of the Board of Directors of Varian Medical Systems, and is a member of the Board of Directors of Becton, Dickinson and Company.

“This is a remarkable time for Acelity as we navigate the complex evolution of healthcare delivery in markets around the world,” said Eckert. “I welcome the challenge and look forward to leading Acelity’s talented team of more than 4,800 colleagues worldwide at this point in the company’s progression. We have an important opportunity to realize growth by embracing the shift to value-based care and delivering to patients and customers innovative products and therapies that address the burdens of treating chronic and acute wounds.”

“On behalf of the Acelity Board of Directors, I would like to thank Joe Woody for his leadership of the company since 2011,” added Gumina. “Joe introduced Acelity to the marketplace by successfully leading the integration of KCI, Systagenix and LifeCell to create a global leader in medical device and technology and oversaw a period of significant expansion in new product development and therapy adoption. With the successful divestiture of LifeCell, we look ahead to an exciting new chapter of growth and opportunity for Acelity.”

“I am proud of our achievements at Acelity during the past several years,” said Joe Woody. “As I reflect on what we accomplished, perhaps most important to me is the number of patients we are able to now reach with the Acelity portfolio. Looking ahead, I know that the passion and drive of everyone at Acelity to improve the lives of people around the world will lead to innovative new solutions in advanced wound therapy and as an ongoing shareholder of Acelity, I am very excited about the company’s next phase of growth.”

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Etisalat Digital to participate in Middle East Security Conference and Awards

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Etisalat today announced its participation at the upcoming Middle East Security conference (MESCON) and Middle East Security Awards (MESA), an event that addresses the issues faced by the security industry, gathers experts to share their experiences and provides guidelines to senior management on focusing their resources to take advantage of future opportunities.

The annual MESA conference and awards ceremony is being held between 11-13 April in Dubai. The two day conference will involve keynote addresses, CISO (Chief Information Security Officer) panels and presentations to be attended by security and risk executives.

Kamran Ahsan, Senior Director, Digital Security Solutions of Etisalat Digital will be delivering a keynote on the first day, titled as  ‘Maneuvering in the Winds of Change-CISOs-You have many fish to fry!’. The thought provoking  speech will focus on the digital world’s new set of security threats which are applicable to almost all industry segments. As organizations embrace digital transformation, CISOs need to make sure that businesses remain resilient to digital risks and continue to furnish services to their customers. The task is not at all easy to deliver. Kamran’s talk will highlight new horizons of CISO’s responsibilities and identifies means to contribute towards a secure digital world.

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