Latest news with #LumineGroup
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
Lumine Group Enters into an Agreement to Acquire Datafusion Systems
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Lumine Group Inc. ('Lumine Group' or 'the Company') (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that it has entered into an agreement to acquire Datafusion Systems ('Datafusion'). Headquartered in Dubai, UAE, and backed by over 30 years of expertise, Datafusion provides critical secure communication and intelligence solutions for telecom operators, law enforcement, and government agencies. This acquisition will enhance Lumine's presence in the signaling and security sector, broadening the ecosystem's product offerings and market reach. In addition, with Datafusion headquartered in Dubai, once the transaction closes, this will mark Lumine Group's first acquisition in the UAE. 'Datafusion will be a strong and exciting addition to Lumine Group,' said Tony Garcia, Chief Operating Officer at Lumine Group. 'With an increasing focus on public safety and early threat detection, telecom operators, law enforcement, and government agencies have an ongoing pressing need for real time secure communication and intelligence solutions. Datafusion brings deep expertise and a solid track record in this sector, and we are excited to welcome them to Lumine Group, to share our best practices, and to learn from their decades of industry insight.' 'Joining Lumine Group will mark an exciting new chapter for our team,' said John Senior, CEO of Datafusion. 'Lumine Group's long-term, buy-and-hold philosophy aligns closely with our own values and particularly that of our long-term customers and partners. With over three decades of experience, we are looking forward to completing this transaction and reinforcing our commitment to our customers and current regions, while exploring new opportunities for global growth. We look forward to what we can accomplish with Lumine Group in this next chapter.' Closing is expected by early Q3, following customary Dubai Development Authority review and approval. Forward Looking Statements Certain statements herein may be 'forward looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as 'may', 'will', 'expect', 'believe', 'plan', 'intend', 'should', 'anticipate' and other similar terminology are intended to identify forward looking statements. Forward looking statements in this press release include the intention of Lumine Group's acquisition of Datafusion Systems. Such forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances. About Lumine Group Lumine Group acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at . About Datafusion Systems Datafusion Systems has more than 30 years of experience in the field of communication and data analytics solutions. Our field-proven products are based on state-of-the-art developments at the forefront of communication analysis technologies. Our mission is to provide data intelligence to both law enforcement authorities and enterprise customers. Media Relations Contact Erini Andriopoulos Senior Director, Marketing & Communications Lumine Group +1-437-353-4910
Cision Canada
20-05-2025
- Business
- Cision Canada
Lumine Group Inc. Announces New CFO Appointment
TORONTO, May 20, 2025 /CNW/ - Lumine Group Inc. ("Lumine Group") (TSXV: LMN) announced today the appointment of Mary Anne Lavallee as Chief Financial Officer (CFO) of Lumine Group, effective May 26, 2025. This transition is part of our strategic plan to position Lumine Group for its next phase of growth. Mary Anne joins Lumine Group from Gateway Services Inc., where she most recently served as the Chief Financial Officer since October 2023, a role where she led financial functions across the organization and worked closely with the executive team to drive value creation through operational excellence and M&A. Prior to this, Mary Anne served as the Executive Vice President, Chief Financial Officer & Chief Transformation Officer at Postmedia, which culminated a near 9-year progressive career (2014-2023) with the company. In this role, she owned all financial functions, key operational teams, and transformation programs across the organization. Prior to this, Mary Anne spent nearly 6 years in finance roles at BlackBerry (2008-2014), and started her career in assurance services at KPMG (2002-2008). "We are excited to welcome Mary Anne to our team," said David Nyland, Lumine Group CEO, "her credentials, strategic vision and leadership experience will help us drive continued growth." As Lumine Group's existing CFO, Brian Beattie will work through a transition period with Mary Anne during fiscal Q2 (through the end of June, 2025), after which he will remain in his role as a director of Lumine Group. Forward Looking Statements Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as "may", "will", "expect", "believe", "plan", "intend", "should", "anticipate" and other similar terminology are intended to identify forward looking statements. Forward looking statements in this press release include Lumine Group's intentions vis-a-vis its management team. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. Although the Company believes that the assumptions and expectations reflected in forward looking statements are reasonable, undue reliance should not be placed on such forward looking statements because the Company can give no assurance that such statements will prove to be correct. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances. About Lumine Group SOURCE Lumine Group Inc
Yahoo
20-05-2025
- Business
- Yahoo
Lumine Group Inc. Announces New CFO Appointment
TORONTO, May 20, 2025 /CNW/ - Lumine Group Inc. ("Lumine Group") (TSXV:LMN) announced today the appointment of Mary Anne Lavallee as Chief Financial Officer (CFO) of Lumine Group, effective May 26, 2025. This transition is part of our strategic plan to position Lumine Group for its next phase of growth. Mary Anne joins Lumine Group from Gateway Services Inc., where she most recently served as the Chief Financial Officer since October 2023, a role where she led financial functions across the organization and worked closely with the executive team to drive value creation through operational excellence and M&A. Prior to this, Mary Anne served as the Executive Vice President, Chief Financial Officer & Chief Transformation Officer at Postmedia, which culminated a near 9-year progressive career (2014-2023) with the company. In this role, she owned all financial functions, key operational teams, and transformation programs across the organization. Prior to this, Mary Anne spent nearly 6 years in finance roles at BlackBerry (2008-2014), and started her career in assurance services at KPMG (2002-2008). "We are excited to welcome Mary Anne to our team," said David Nyland, Lumine Group CEO, "her credentials, strategic vision and leadership experience will help us drive continued growth." As Lumine Group's existing CFO, Brian Beattie will work through a transition period with Mary Anne during fiscal Q2 (through the end of June, 2025), after which he will remain in his role as a director of Lumine Group. Forward Looking Statements Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as "may", "will", "expect", "believe", "plan", "intend", "should", "anticipate" and other similar terminology are intended to identify forward looking statements. Forward looking statements in this press release include Lumine Group's intentions vis-a-vis its management team. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. Although the Company believes that the assumptions and expectations reflected in forward looking statements are reasonable, undue reliance should not be placed on such forward looking statements because the Company can give no assurance that such statements will prove to be correct. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances. About Lumine Group Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Lumine Group Inc View original content:
Cision Canada
01-05-2025
- Business
- Cision Canada
Lumine Group Inc. Announces Results for the Three Months Ended March 31, 2025
TORONTO, May 1, 2025 /CNW/ - Lumine Group Inc. ("Lumine Group" or "the Company") (TSXV: LMN) announces financial results for the three months ended March 31, 2025. All amounts referred to in this press release are in US dollars unless otherwise stated. The following press release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2025, and management's discussion and analysis ("MD&A") for the three months ended March 31, 2025, which can be found on SEDAR+ at Additional information about Lumine Group is also available on SEDAR+ and on Lumine Group's website Q1 2025 Headlines: Revenue grew 27% to $178.7 million compared to $141.1 million in the same quarter prior year (including -4% organic growth after adjusting for foreign exchange impacts). The Company generated operating income of $59.5 million during the quarter, a 34% increase from $44.5 million in the same quarter prior year. The Company generated net income of $20.8 million during the quarter, from net loss of $304.3 million in the same quarter prior year. Cash flows from operations ("CFO") increased $5.1 million to $40.1 million compared to $34.9 million in Q1 2024, representing an increase of 15%. Free cash flow available to shareholders ("FCFA2S") increased $6.2 million to $35.0 million compared to $28.8 million in Q1 2024, representing an increase of 22%. Total revenue for the three months ended March 31, 2025 was $178.7 million, an increase of 27%, or $37.6 million, compared to $141.1 million for the comparable period in 2024. The increase for the three months compared to the same period in the prior year is attributable to revenues from new acquisitions. The Company experienced organic growth of -5% for the three months ended March 31, 2025 or -4% after adjusting for the impact of changes in the valuation of the US dollar against most major currencies in which the Company transacts business. For acquired companies, organic growth is calculated as the difference between actual revenues achieved by each business in the financial period following acquisition, compared to the estimated revenues they achieved in the corresponding financial period preceding the date of acquisition by the Company. Organic growth is not a standardized financial measure and might not be comparable to measures disclosed by other issuers. Operating income for the three months ended March 31, 2025 was $59.5 million, an increase of 34%, or $15.0 million, compared to $44.5 million for the same period in 2024. The increase is primarily attributable to growth from acquisitions. Operating income is not a standardized financial measure and might not be comparable to measures disclosed by other issuers. See "Non-IFRS Measures". Net income for the three months ended March 31, 2025 was $20.8 million compared to net loss of $304.3 million for the same period in 2024. The increase in net income is primarily attributable to growth from acquisitions and the Mandatory Conversion of Preferred and Special Securities on March 25, 2024 such that no further preferred and special securities expense was booked in the current quarter. For the three months ended March 31, 2025, CFO increased $5.1 million to $40.1 million compared to $34.9 million for the same period in 2024 representing an increase of 15%. The change is primarily attributable to the higher operating income partly offset by changes in non-cash operating assets and liabilities exclusive of effects of business combinations. For the three months ended March 31, 2025, FCFA2S increased $6.2 million to $35.0 million compared to $28.8 million for the same period in 2024 representing an increase of 22%. The change is mainly driven by higher CFO compared to the same periods in 2024. FCFA2S is a non-IFRS Measure. See "Non-IFRS Measures". Non-IFRS Measures Operating income (loss) refers to income (loss) before income taxes, amortization of intangible assets, redeemable preferred and special share expense, and finance and other expenses (income). We believe that operating income is useful supplemental information as it provides an indication of the profitability of the Company related to its core operations. Operating income (loss) is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that operating income (loss) should not be construed as an alternative to net income (loss). The following table reconciles operating income to net income: Free cash flow available to shareholders ''FCFA2S'' refers to net cash flows from operating activities less interest paid on lease obligations, interest paid on bank debt, transaction costs on bank debt, repayments of lease obligations, Interest, dividends and other proceeds received and property and equipment purchased. The Company believes that FCFA2S is useful supplemental information as it provides an indication of the uncommitted cash flow that is available to shareholders if Lumine Group does not make any acquisitions, or investments, and does not repay any debts. While the Company could use the FCFA2S to pay dividends or repurchase shares, the Company's objective is to invest all of its FCFA2S in acquisitions which meet the Company's hurdle rate. FCFA2S is not a recognized measure under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, readers are cautioned that FCFA2S should not be construed as an alternative to net cash flows from operating activities. The following table reconciles FCFA2S to net cash flows from operating activities: Forward Looking Statements Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Lumine Group or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances. About Lumine Group Inc. Lumine Group acquires, strengthens, and grows, vertical market software businesses in the communications and media industry. Learn more at Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Lumine Group Inc. Condensed Consolidated Interim Statements of Financial Position (In thousands of USD. Due to rounding, numbers presented may not foot.) March 31, 2025 December 31, 2024 Assets Current assets: Cash $ 252,096 $ 210,983 Accounts receivable, net 164,954 158,048 Unbilled revenue 41,637 35,982 Inventories 517 693 Other assets 55,247 47,183 514,451 452,889 Non-current assets: Property and equipment 6,895 7,457 Right of use assets 5,928 6,949 Deferred income taxes 11,236 9,536 Other assets 12,112 12,467 Intangible assets and goodwill 774,530 797,888 810,701 834,297 Total assets $ 1,325,152 $ 1,287,186 Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 104,387 $ 107,861 Due to related parties, net 3,764 2,972 Current portion of bank debt 3,512 3,190 Deferred revenue 105,422 88,442 Provisions 16 156 Acquisition holdback payables 19 17 Lease obligations 3,464 4,249 Income taxes payable 14,920 10,278 235,504 217,165 Non-current liabilities: Deferred income taxes 102,145 107,044 Bank debt 275,605 275,443 Lease obligations 3,262 3,621 Other liabilities 5,003 5,191 386,015 391,299 Total liabilities 621,519 608,464 3 Equity: Capital stock 490,669 490,669 Contributed surplus 185,142 185,142 Accumulated other comprehensive income (loss) (9,480) (13,612) Retained earnings (deficit) 37,302 16,523 703,633 678,722 Subsequent events Total liabilities and equity $ 1,325,152 $ 1,287,186 Lumine Group Inc. Condensed Consolidated Interim Statements of Income (Loss) (In thousands of USD, except per share amounts. Due to rounding, numbers presented may not foot.) Three months ended March 31, 2025 2024 Revenue License $ 12,327 $ 11,720 Professional services 31,277 24,933 Hardware and other 9,070 2,417 Maintenance and other recurring 126,018 102,029 178,692 141,099 Expenses Staff 83,904 73,028 Hardware 4,659 1,520 Third party license, maintenance and professional services 11,203 8,539 Occupancy 996 896 Travel, telecommunications, supplies, software and equipment 9,022 6,757 Professional fees 3,840 2,832 Other, net 3,295 946 Depreciation 2,270 2,115 Amortization of intangible assets 26,014 22,821 145,203 119,454 Redeemable Preferred and Special Securities expense - 317,362 Finance and other expenses (income) 5,134 4,272 5,134 321,634 Income (loss) before income taxes 28,355 (299,989) Current income tax expense (recovery) 14,570 8,346 Deferred income tax expense (recovery) (6,994) (3,998) Income tax expense (recovery) 7,576 4,348 Net income (loss) $ 20,779 $ (304,337) Weighted average shares outstanding: Basic 256,620,388 86,111,920 Diluted 256,620,388 253,336,756 Earnings (loss) per share: Basic and diluted $ 0.08 $ (3.53) Lumine Group Inc. Condensed Consolidated Interim Statements of Comprehensive Income (Loss) (In thousands of USD. Due to rounding, numbers presented may not foot.) Lumine Group Inc. Condensed Consolidated Interim Statement of Changes in Equity (In thousands of USD. Due to rounding, numbers presented may not foot.) Lumine Group Inc. Condensed Consolidated Interim Statement of Changes in Equity (In thousands of USD. Due to rounding, numbers presented may not foot.) Three months ended March 31, 2024 Capital stock Contributed surplus Accumulated other comprehensive (loss) income Retained earnings (deficit) Total equity Balance at January 1, 2024 $ - $ (1,015,661) $ (6,296) $ (2,820,478) $ (3,842,435) Total comprehensive income (loss) for the period: Net income (loss) - - - (304,337) (304,337) Other comprehensive income (loss): Foreign currency translation differences from foreign operations and other - - (3,625) - (3,625) Total other comprehensive income (loss) for the period - - (3,625) - (3,625) Total comprehensive income (loss) for the period - - (3,625) (304,337) (307,962) Mandatory Conversion of Special and Preferred Shares 403,301 1,200,803 - 3,095,910 4,700,014 Settlement of Preferred and Special Share Dividends in Subordinate Voting Shares 87,368 - - - 87,368 Balance at March 31, 2024 $ 490,669 $ 185,142 $ (9,921) $ (28,905) $ 636,985 Lumine Group Inc. Condensed Consolidated Interim Statements of Cash Flows (In thousands of USD. Due to rounding, numbers presented may not foot.) Three months ended March 31, 2025 2024 Cash flows from (used in) operating activities: Net income (loss) $ 20,779 $ (304,337) Adjustments for: Depreciation 2,310 2,115 Amortization of intangible assets 26,014 22,821 Contingent consideration adjustments (113) 43 Preferred and Special Securities expense (income) - 317,362 Finance and other expenses (income) 5,828 4,339 Income tax expense (recovery) 7,576 4,348 Change in non-cash operating assets and liabilities exclusive of effects of business combinations (17,514) (8,125) Income taxes (paid) received (4,809) (3,637) Net cash flows from (used in) operating activities 40,071 34,928 Cash flows from (used in) financing activities: Interest paid on lease obligations (105) (154) Interest paid on bank debt (3,813) (2,472) Cash transferred from (to) Parent 100 (2,107) Proceeds from issuance of bank debt - 90,000 Repayments of bank debt (243) (244) Transaction costs on bank debt (19) (1,655) Payments of lease obligations (1,583) (1,566) Net cash flows from (used in) in financing activities (5,663) 81,802 Cash flows from (used in) investing activities: Post-acquisition settlement payments, net of receipts (937) (685) Interest, dividends and other proceeds received 694 67 Property and equipment purchased (254) (361) Other investing activities 4,337 6 Net cash flows from (used in) investing activities 3,840 (972) Effect of foreign currency on cash and cash equivalents 2,865 (2,479) Increase (decrease) in cash 41,113 113,280 Cash, beginning of period 210,983 146,509 Cash, end of period $ 252,096 $ 259,789 SOURCE Lumine Group Inc
Yahoo
09-04-2025
- Business
- Yahoo
Constellation Software Inc., Topicus.com Inc. and Lumine Group Inc. Announce Annual Meetings
TORONTO, April 09, 2025 (GLOBE NEWSWIRE) -- The Inc. ('Topicus') (TSXV:TOI) annual general meeting of shareholders will be held on Tuesday, May 13, 2025 at 8:00 a.m. EST using a virtual meeting format with proceedings conducted solely via live audio webcast. The Lumine Group Inc. ('Lumine Group') (TSXV:LMN) annual general meeting of shareholders will be held on Tuesday, May 13, 2025 at 8:30 a.m. EST using a virtual meeting format with proceedings conducted solely via live audio webcast. The Constellation Software Inc. ('Constellation' or 'CSI') (TSX:CSU) annual meeting of shareholders will be held on Tuesday, May 13, 2025 at 9:00 a.m. EST using a virtual meeting format, with proceedings conducted solely via live audio webcast. The link for the Topicus meeting is The link for the Lumine Group meeting is The link for the Constellation meeting is Detailed instructions for shareholders about how to participate in each meeting and how to duly appoint a proxyholder, as well as a copy of the Virtual Meeting User Guide, will be provided on the respective CSI, Topicus and Lumine Group websites. To view or participate in any virtual meeting, shareholders will need access to an internet-connected device for the full duration of the meeting. Similar to the Constellation annual shareholder meetings held in prior years, members of the Constellation, Topicus, and Lumine Group senior management team will be participating in a joint question and answer period. The question and answer period will commence at 9:15 a.m. EST, following the formal portion of the Constellation shareholder meeting. Constellation, Lumine Group and Topicus shareholders can join this question and answer period through the following link While we will answer some questions posed during the virtual question and answer period, shareholders will also have the opportunity to pose questions in advance. Shareholders of Constellation, Topicus, and Lumine Group wishing to pose a question in advance can do so at the following link: Questions will be organized thematically, consolidated and then posed at the virtual meeting to the respective management teams. Forward Looking Statements Certain statements herein may be 'forward looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as 'may', 'will', 'expect', 'believe', 'plan', 'intend', 'should', 'anticipate' and other similar terminology are intended to identify forward looking statements. Such forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Constellation, Topicus, and Lumine Group assume no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances. About Inc. is a leading pan-European provider of vertical market software and vertical market platforms to clients in public and private sector markets. Operating and investing in countries and markets across Europe with long-term growth potential, acquires, builds and manages leading software companies providing specialized, mission-critical and high-impact software solutions that address the particular needs of customers. For further information, contact: Baksh, Chief Financial OfficerTel: (416) 861-9677jbaksh@ About Lumine Group Inc. Lumine Group acquires, strengthens, and grows vertical market software businesses in the communications and media industry. Learn more at For further information, contact: Lumine Group Nyland, Chief Executive OfficerTel: (437) About Constellation Software Inc. Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions. For further information, contact: Constellation Software Baksh, Chief Financial OfficerTel: (416) 861-9677jbaksh@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this in to access your portfolio
