Latest news with #Conshohocken
Yahoo
29-05-2025
- Business
- Yahoo
Hamilton Lane: Fiscal Q4 Earnings Snapshot
CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Thursday reported fiscal fourth-quarter profit of $50.5 million. The Conshohocken, Pennsylvania-based company said it had profit of $1.23 per share. Earnings, adjusted for one-time items, came to $1.21 per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share. The private-market investment firm posted revenue of $198 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $173.6 million. For the year, the company reported profit of $217.4 million, or $5.41 per share. Revenue was reported as $713 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on HLNE at
Yahoo
29-05-2025
- Business
- Yahoo
HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2025 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 14% AND ASSETS UNDER MANAGEMENT GROWING BY 11% YEAR-OVER-YEAR
CONSHOHOCKEN, Pa., May 29, 2025 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2025. FISCAL YEAR 2025 HIGHLIGHTS Assets under management – Total assets under management of $138 billion grew 11% year-over-year. Fee-earning assets under management increased 10% to $72 billion over the same period. Revenue – Management and advisory fees increased 14% to $513.9 million for fiscal 2025. Carried Interest – Unrealized carried interest balance of $1.3 billion was up 3% year-over-year. Earnings per share – GAAP EPS of $5.41 on $217.4 million of GAAP net income for fiscal 2025. Dividend – Declared a quarterly dividend of $0.54 per share of Class A common stock to record holders at the close of business on June 20, 2025 that will be paid on July 7, 2025. The target full-year dividend of $2.16 represents a 10% increase from the prior fiscal year dividend. Hamilton Lane issued a full detailed presentation of its fourth quarter and full fiscal year 2025 results, which can be accessed on the Company's Shareholders website at Conference CallHamilton Lane will discuss fourth quarter and full fiscal year 2025 results in a webcast and conference call today, Thursday, May 29, 2025, at 11:00 a.m. Eastern Time. For access to the live event via the webcast, visit Hamilton Lane's Shareholders website ( at least 15 minutes prior to the start of the call. This feature will be in listen-only mode. A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed in the same manner as the live webcast at the Shareholders page of Hamilton Lane's website. About Hamilton LaneHamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 760 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $957.8 billion in assets under management and supervision, composed of $138.3 billion in discretionary assets and $819.5 billion in non-discretionary assets, as of March 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit or follow Hamilton Lane on LinkedIn: Forward-Looking StatementsSome of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to: our ability to manage growth, fund performance, competition in our industry, changes in our regulatory environment and tax status; difficult or volatile market conditions; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to fund commitments; our exposure and that of our clients and investors to the credit risks of financial institutions at which we and they hold accounts; our ability to comply with investment guidelines set by our clients; our ability to successfully integrate acquired businesses with ours; our ability to manage risks associated with introducing new types of investment structures, products or services or entering into strategic partnerships; our ability to manage redemption or repurchase rights in certain of our funds; our ability to manage, identify and anticipate risks we face; our ability to manage the effects of events outside of our control; and our ability to receive distributions from Hamilton Lane Advisors, L.L.C. to fund our payment of dividends, taxes and other expenses. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2024 and in our subsequent reports filed from time to time with the Securities and Exchange Commission, including our upcoming Annual Report on Form 10-K for fiscal 2025. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law. SOURCE Hamilton Lane 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
National Post
21-05-2025
- Business
- National Post
Boomi Recognized as a Leader for the 11th Time in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service
Article content Article content CONSHOHOCKEN, Pa. — Boomi™, the leader in AI-driven automation, today announced it has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service (iPaaS), for the 11th consecutive time – the longest in the report's history. Article content In our opinion, Boomi's continued industry recognition reflects its unwavering commitment to innovation, customer success, and ecosystem growth. Over the past year, Boomi has accelerated its investments in AI agent management, API management, and data management to help enterprises connect everything with one platform and drive intelligent automation at scale. Key advancements include: Article content Launch of Boomi Agents tudio for AI Agent Management: Boomi recently introduced the only full agent lifecycle management solution that allows organizations to simply design, govern, and orchestrate all AI agents at scale, helping unlock hyperproductivity responsibly. Comprehensive API Management Capabilities: Boomi's expanded API Management capabilities provide cloud-scale APIM and address the growing problem of API sprawl through federated governance of all APIs — adding security, visibility, and value across the enterprise. Modern Data Integration: With the addition of Boomi Data Integration (formerly Rivery), customers can leverage a single platform for integrating apps, data, APIs, and AI agents. Boomi Data Integration complements existing Boomi DataHub capabilities that provide synchronization and governance as the foundation for trusted data. Article content With more than 23,000 customers globally, Boomi continues to be the trusted integration and automation partner for enterprises across industries, including customers like Lego, Tropicana, and Moderna, who rely on Boomi to connect and automate their business-critical applications and data. Article content Boomi's thriving partner network has also seen significant expansion, with leading global system integrators (GSIs), independent software vendors (ISVs), and cloud hyperscalers deepening their collaboration with Boomi to deliver cutting-edge integration and automation solutions. Boomi's recent strategic agreements with AWS and ServiceNow enhance customer experiences through AI-powered self-service solutions. Article content A Proven Leader in Integration and Automation Article content 'As organizations continue their journey to becoming AI-driven enterprises, integration and automation have never been more critical,' said Steve Lucas, Chairman and CEO at Boomi. 'I believe Boomi's continued recognition as a Leader in the Gartner Magic Quadrant for iPaaS underscores our relentless focus on innovation and our commitment to enabling our customers and partners to achieve their digital transformation goals. We are honored to be a Leader in this category and remain dedicated to delivering the most advanced, AI-enabled automation platform on the market.' Article content Gartner® Magic Quadrant™ for Integration Platform as a Service, Andrew Humphreys, Andrew Comes, Keith Guttridge, Allan Wilkins, May 19, 2025. Article content Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Note: Boomi was recognized as Dell Boomi from 2014 to 2019. Article content Boomi, the leader in AI-driven automation, helps organizations around the world automate and streamline critical processes to achieve business outcomes faster. Harnessing advanced AI capabilities, the Boomi Enterprise Platform seamlessly connects systems and manages data flows with API management, integration, data management, and AI orchestration in one comprehensive solution. With over 23,000 customers globally and a network of 800+ partners, Boomi is revolutionizing the way enterprises of all sizes achieve business agility and operational excellence. Discover more at Article content Article content Article content Article content Article content Contacts Article content Analyst Relations Contact: Kate Mauser Analyst Relations +1.760.351.6780 Article content Article content Article content
Daily Mail
21-05-2025
- Daily Mail
Glamorous scientist shot dead by boyfriend as she desperately tried to run away after break up
A young Pennsylvania scientist was fatally shot with her own gun while desperately trying to run away from her boyfriend after ending their relationship. Alyssa Wiest, 25, of Conshohocken, had went to meet her boyfriend of two years Michael Dutkiewicz on Sunday and break up with him. But her promising future as a microbiologist tragically cut short when she was found dead on the sidewalk with multiple gunshot wounds to her torso. Michael, 26, of Warminster, was arrested and charged in connection with the senseless killing, according to the Montgomery County District Attorney's Office. 'He knew she was out of his league, and I think as soon as he realized she was pushing him away, he couldn't cope with leaving one of the best things to happen to him,' Kurt Wiest, Alyssa's brother, told The Philadelphia Inquirer. On Sunday evening, Alyssa packed Michael's suitcase with his clothes and told him to move out of her home. Her brother, Kurt, described the decision as completely in character for Alyssa, who was known to be the one who 'wore the pants' in the relationship. Police said that Michael shot Alyssa dead with her own weapon in a jealous rage, refusing to accept the end of their time together. Just before 12.30am Sunday, authorities horrifically discovered Alyssa face down on the sidewalk, suffering from several gunshot wounds, according to the DA's office. Two of those shots were fired while she was lying on the ground outside her home, investigators said. Alyssa was immediately rushed to Lankenau Hospital - located less than 10 miles from the crime scene - but was tragically pronounced dead shortly after arrival, leaving her family overwhelmed with grief and frustration. 'She didn't deserve to go like this. She never hurt a soul and never wanted to,' Kurt told The Inquirer. 'She was full of life, and had so many dreams and aspirations she wanted to achieve.' The disturbing discovery prompted a joint investigation by the West Conshohocken Borough Police and Montgomery County Detectives, who began reviewing evidence and identifying potential witnesses. An initial investigation by detectives, along with evidence found at the scene, suggested that Alyssa was attempting to escape her killer when 'they began firing bullets at her inside her home', People reported. Authorities determined that Alyssa managed to make it out her front door and halfway down the block before her life was cut short. According to the news release, 'the door to the victim's residence, a few doors from where she was found, was ajar, and there was blood found both inside her residence and along the sidewalk leading to her body'. Meanwhile, detectives also began interviewing neighborhood witnesses, who provided further insight into the events that unfolded. During the interviews, neighbors told police that they had heard screams coming from Alyssa's home on Sunday, followed by a series of gunshots, according to a probable cause affidavit obtained by The Inquirer. Witnesses also recalled seeing Michael walk outside the home, quickly look around, and then hop into his Ford pickup truck before fleeing the scene. This information was confirmed when detectives tracked Michael's movements using license plate readers, revealing that he was traveling through the area almost immediately after Alyssa was shot dead, according to the news release. Detectives also discovered a suitcase containing men's clothes outside the home, along with a phone at the bottom of a stairwell, which they believed belonged to Michael, according to a criminal complaint obtained by People. Inside the home, police discovered a Ruger .38-caliber handgun - a weapon registered to Alyssa - had been fired multiple times, The Inquirer reported. Based on the location and trajectory of the gunfire, investigators determined that the killer had followed Alyssa down the stairs from her second-floor bedroom and out of her home. As authorities searched for Michael's whereabouts in the hours after the killing, they received a call from his mother informing them that he would turn himself in. Hours later, Michael finally arrived at the West Conshohocken Police Department, bringing the suspected murder weapon with him. He was charged with first-degree murder, third-degree murder and possessing an instrument of a crime, according to the news release. Although there were no signs of domestic abuse in the relationship, Alyssa's family said they still had uneasy feelings about Michael - particularly concerns about his 'hard partying' lifestyle and reckless behavior. According to Alyssa's brother, Michael had been kicked out of bars for drunken behavior and had a history of drag racing, The Inquirer reported. Michael was arraigned on Sunday, with his next court appearance scheduled for a preliminary hearing on May 29. He is now being held at the Montgomery County Correctional Facility until trial, as first-degree murder suspects are not eligible for bail in the state. Although Michael has not yet entered a plea, court records reveal he has prior convictions for minor offenses, including trespassing and disorderly conduct related to a fight last month. Alyssa was described by family as an adventurous spirit whose 'presence lit up every room she entered,' according to her obituary. 'Her kindness knew no bounds, her laughter was contagious, and her gentle soul had a way of making everyone feel seen, heard, and cherished,' the memorial read. 'She was a rare combination of brilliance, creativity, and compassion - a beautiful soul with so much promise and love to give.' Even at just 25 years old, Alyssa had already graduated from the University of Delaware and secured a position at GSK as a microbiologist, working toward her goal of improving pharmaceutical effectiveness and making medications more affordable. She was described as an avid traveler, having visited Europe and South America several times in her pursuit of experiencing different cultures. Recently, her family said, she had taken up painting - creating beautiful landscapes, portraits and other works that she lovingly gifted as anniversary and birthday presents to her loved ones, The Inquirer reported. 'She had a way of making everyone around her feel important, seen, and loved. Her friendships ran deep, and her warmth and empathy made her a natural confidante, a shoulder to lean on, and a loyal companion,' Alyssa's obituary read. 'Though Alyssa's time on Earth was far too brief, her legacy of love, light, and laughter will live on in the hearts of all who knew her,' it added. 'She touched countless lives with her kindness and strength. May we carry her memory forward by living as she did - with courage, compassion, and an unwavering zest for life.' If you or someone you know is experiencing domestic violence, help is available 24/7 at no cost. The National Domestic Hotline offers assistance in more than 140 languages. They can be reached at 800-799-7233 or by texting START to 88788. If you are unable to call, a life chat option is available.
National Post
15-05-2025
- Business
- National Post
Boomi Acquires Thru, Inc., Strengthening Secure Managed File Transfer (MFT) and Advancing Context-Aware Integration
Article content Article content CONSHOHOCKEN, Pa. — Boomi™, the leader in AI-driven automation, today announced a definitive agreement to acquire Thru, Inc., a provider of enterprise-grade Managed File Transfer solutions and trusted Boomi partner. The acquisition marks a strategic expansion of Boomi's file-based integration capabilities, all within a single, cloud-native platform that seamlessly manages data movement across APIs, applications, and files. Article content 'As organizations increasingly manage a hybrid mix of API-based and file-based integrations, Thru, Inc.'s proven MFT technology ensures secure, scalable, and compliant file exchange across distributed business ecosystems,' said Greg Wolfe, Chief Commercial Officer at Boomi. 'The addition of these capabilities further strengthens Boomi's ability to deliver dynamic, context-aware integration across diverse data types and systems, especially for those use cases with strict compliance requirements such as SOC 2, and others.' Article content Boomi and Thru, Inc. have long partnered to deliver MFT solutions to joint enterprise customers in industries like financial services, healthcare, and manufacturing — where file transfer is a mission-critical part of business operations. The acquisition will streamline customer experiences by embedding Thru, Inc.'s functionality directly into the Boomi Enterprise Platform, enabling the integrated management of APIs, applications, and files from a single, intelligent interface. Article content Boomi's acquisition of Thru, Inc. represents the latest in Boomi's continued efforts to modernize the Boomi Enterprise Platform, enhance its automation capabilities, and add increased value to customers. Thru, Inc.'s secure, scalable, and enterprise-grade managed file transfer solution will now form a foundational pillar of Boomi's secure data exchange strategy, enhancing Boomi's ability to support customers with end-to-end, secure file transfer at scale. As global enterprises look to modernize legacy MFT tools, the combined strengths of Boomi and Thru, Inc. will offer unmatched flexibility, automation, and security — all within Boomi's unified platform. By offering native MFT technology Boomi empowers enterprises with: Article content Secure and compliant file exchanges – by encrypting data in transit and at rest, scanning for threats, and meeting global compliance standards such as SOC 2 within a zero trust architecture. Efficient file transfer operations – with an elastic cloud platform capable of high-volume, many-to-many exchanges without additional infrastructure or bottlenecks. Full operational visibility and control – with centralized monitoring, real-time alerts, and detailed audit trails across all file movement. Article content The transaction remains subject to customary closing conditions and is currently expected to close by the end of June 2025. Article content Additional Resources Article content Boomi, the leader in AI-driven automation, helps organizations around the world automate and streamline critical processes to achieve business outcomes faster. Harnessing advanced AI capabilities, the Boomi Enterprise Platform seamlessly connects systems and manages data flows with API management, integration, data management, and AI orchestration in one comprehensive solution. With over 23,000 customers globally and a network of 800+ partners, Boomi is revolutionizing the way enterprises of all sizes achieve business agility and operational excellence. Discover more at Article content This press release contains forward-looking statements, including expectations regarding Boomi's acquisition of Thru, Inc., product integration, and customer outcomes. These statements are based on current assumptions and are subject to risks and uncertainties, such as potential delays in closing, integration challenges, and market factors. Actual results may differ materially. Boomi undertakes no obligation to update forward-looking statements, except as required by law. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
