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Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction
Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

Toronto Star

time4 days ago

  • Business
  • Toronto Star

Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

Optiva is in negotiations with its existing noteholders and certain third parties regarding a potential transaction that would result in the exchange of Optiva's outstanding notes for a combination of shares and new notes of a proforma merged strategic third party (a 'Potential Transaction'). Optiva will continue operating its business as usual, fulfilling all ongoing commitments to customers, employees, and suppliers. Based on the proposals received to date, Optiva's common shareholders are expected to receive nominal consideration for their shares in connection with any Potential Transaction. TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Optiva Inc. (TSX: OPT) ('Optiva' or the 'Company'), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that it has entered into a support agreement (the 'Support Agreement') with holders ('Noteholders') of approximately 85% of its outstanding principal amount of 9.75% senior secured PIK toggle notes due July 20, 2025 (the 'Notes').

Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction
Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

Hamilton Spectator

time5 days ago

  • Business
  • Hamilton Spectator

Optiva Inc. enters into Support Agreement with Holders of Approximately 85% of Outstanding Senior Secured Notes to Provide 45-Day Period to Continue Negotiations with Noteholders and Third Parties regarding a Potential Transaction

TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Optiva Inc. (TSX: OPT) ('Optiva' or the 'Company'), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that it has entered into a support agreement (the 'Support Agreement') with holders ('Noteholders') of approximately 85% of its outstanding principal amount of 9.75% senior secured PIK toggle notes due July 20, 2025 (the 'Notes'). The Support Agreement provides a 45-day grace period (the 'Grace Period') to allow Optiva's special committee of independent directors to conclude negotiations with Noteholders and prospective merger counterparties regarding a Potential Transaction. During the Grace Period, Noteholders who are parties to the Support Agreement have agreed to forbear from exercising any of their rights or remedies in connection with any payment default occurring on the scheduled maturity of the Notes on July 20, 2025 (the 'Forbearance'). This Grace Period may be extended at the election of the Noteholders. Optiva will continue to operate in the ordinary course, upholding its commitments to customers, employees and suppliers. In addition to the Forbearance, the Company has sufficient near-term liquidity, with approximately $12 million cash on hand as of July 13, 2025, to ensure business continuity and the ability to meet its ordinary course financial commitments, including, without limitation, to its customers, employees and suppliers, as it continues to pursue a Potential Transaction. 'We're thankful for the trust our customers place in us and our team's unwavering dedication during this exciting chapter,' said Robert Stabile, Chief Executive Officer of Optiva. 'The strong momentum we're seeing with new customer wins and product adoption reflects our world-class team and the powerful innovations we've delivered. As we finalize our future ownership structure, we're energized by what lies ahead and confident that our customers will benefit from an even stronger, more dynamic Optiva.' The Potential Transaction under negotiation would include the exchange of all of the outstanding principal amount of the Notes plus accrued interest for a combination of shares and new notes of Optiva and a concurrent merger of Optiva with a strategic third party. Based on the proposals received to date, Optiva common shareholders are expected to receive nominal consideration for their shares in connection with any Potential Transaction. In connection with the Support Agreement and Forbearance, the repayment of (i) approximately $108.6 million principal amount due on maturity of the Notes on July 20, 2025, and (ii) approximately $5.2 million in accrued interest will no longer be required to be paid as scheduled, and instead is expected to be addressed as part of any Potential Transaction to the extent such transaction is reached within the Grace Period. There can be no assurance that a definitive agreement with respect to a Potential Transaction will be entered into by Optiva, or if entered into, that any such Potential Transaction will be completed. If a definitive agreement with respect to a Potential Transaction is not reached within the Grace Period, there can be no assurance that the Forbearance will be extended or that an alternative resolution will be available. Completion of any Potential Transaction will be subject to, among other things, approval of the applicable securityholders of Optiva, other approvals that may be required by the court if the Potential Transaction is structured as a plan of arrangement, Toronto Stock Exchange approval, and the receipt of all necessary regulatory approvals. This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent an exemption from registration under the Securities Act of 1933. About Optiva Inc. Optiva Inc. is a leading provider of mission-critical, cloud-native, agentic AI-powered revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit . Forward-Looking Statements This press release may contain forward-looking statements (within the meaning of applicable securities laws), which reflect Optiva's current expectations regarding future events. Forward-looking statements are identified by words such as 'believe', 'anticipate', 'project', 'expect', 'intend', 'plan', 'will', 'may', 'estimate' and other similar expressions. The forward-looking statements in this press release include statements regarding the Company's future liquidity; business continuity; continued and future growth; impact of the Forbearance and the Grace Period; the outcome of negotiations with Noteholders and any third parties; any Potential Transaction including the terms thereof; the ability of the Company to meet commitments to stakeholders and service its obligations as they become due; the impact of any Potential Transaction on the Company and any benefit to stakeholders and any other statements that are not historical fact. The forward-looking statements in this press release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Such factors include, among others: the ability of the Company to a definitive agreement in respect of a Potential Transaction; disruptions or changes in the credit or security markets; results of operations; general developments, market and industry conditions; a definitive agreement in respect Potential Transaction not being reached, or a Potential Transaction not being completed (in a timely manner or at all); the ability of the Company to obtain required approvals in respect of any Potential Transaction and expenses incurred by the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, Optiva assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information, please contact: Current Noteholders: Marwan Kubursi, Media: Misann Ellmaker, media@ Investor Relations: investors-relations@

Optiva Inc. Announces Results of Annual Meeting
Optiva Inc. Announces Results of Annual Meeting

Yahoo

time26-06-2025

  • Business
  • Yahoo

Optiva Inc. Announces Results of Annual Meeting

TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ("Optiva" or the "Company") (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that Patrick DiPietro, Lee Matheson, Simon Parmar, Robert Stabile, Barry Symons, and Birgit Troy were elected to the Company's board of directors (the "Board") at the Company's annual meeting of holders of common shares held earlier today (the "Meeting"). In addition, a resolution was carried at the Meeting to re-appoint KPMG LLP as the auditor of the Company and to authorize the Board to fix the auditor's remuneration. Detailed results of the votes are as follows: 1. Election of Directors Nominee Number of Shares For Number of Shares Against Patrick DiPietro 3,593,271 96.42% 133,302 3.58% Lee Matheson 3,590,516 96.35% 136,057 3.65% Simon Parmar 3,590,516 96.35% 136,057 3.65% Robert Stabile 3,590,517 96.35% 136,056 3.65% Barry Symons 3,590,516 96.35% 136,057 3.65% Birgit Troy 3,590,517 96.35% 136,056 3.65% 2. Appointment and Remuneration of Auditor Appointment of KPMG LLP as the auditor of the Company and authorizing the Company's board of directors to fix the remuneration of the auditor. Number of Shares For Number of Shares Withheld 3,879,708 99.80% 7,788 0.20% About Optiva Inc. Optiva Inc. is a leading provider of mission-critical, cloud-native, agentic AI-powered revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit For additional information, please contact: Media Inquiries Investor Relations Misann Ellmaker investors-relations@ media@

Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award
Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award

Yahoo

time05-06-2025

  • Business
  • Yahoo

Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award

AI-driven BSS recognized for empowering MVNEs and MVNOs to launch and configure eSIM enablement and advanced product catalogs at speed TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. (TSX: OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, is honored to receive the MVNOs World award for AI & Analytics Excellence. Optiva BSS Platform, featuring integrated AI-agents, was recognized for providing digital-first MVNEs and MVNOs with increased agility, AI-driven insights and scalability to accelerate success in the competitive telecom market. MVNOs World judges selected Optiva and recognized its innovative partnerships with MVNEs and MVNOs, including the new MVNE entrant in Nigeria, IMBIL Telecom. Utilizing a cloud-native and AI-driven architecture, Optiva BSS Platform empowers operators with digital onboarding to quickly scale MVNOs and launch customer-centric personalized offerings. The platform is a growth engine that boosts customer acquisition and cuts operational costs through automation and real-time AI-driven insights. It positions operators as pioneering, AI-first MVNEs to enable the success of next-generation MVNOs. Features like eSIM enablement and an advanced product catalog allow MVNOs to quickly configure, launch and evolve digital services to meet market demands and optimize growth strategies. The platform's AI agents foster growth with advanced analytics, powering use cases like churn prediction, next-best-offer recommendations and dynamic pricing. This helps MVNEs and MVNOs significantly accelerate time-to-market and scale intelligently and competitively. Key benefits of Optiva's agentic AI BSS are: Enhanced Customer Experience: Customer care AI agent Amica can automate customer queries and cases, significantly improving resolution times and customer satisfaction. Comprehensive automation also streamlines processes from customer onboarding to support, delivering a superior customer experience. Increased Operational Efficiency: Operations management AI agent Kairos proactively enhances operational efficiency, reducing ticket resolution time and manual efforts. This enables operators to address critical issues faster and optimize resource allocation. Hyper-Personalized Engagement: Sales AI agent Sophos empowers operators to engage customers with hyper-personalized offers and plans, improving sales efficiency and fostering customer loyalty. "Optiva is proud to receive this prestigious award as we continue to invest in our product portfolio and empower AI-native telcos and MVNE and MVNO innovators. We are excited that our agentic AI BSS and eSIM technologies are driving new revenue opportunities and delivering exceptional value to operators worldwide,' said Michele Campriani, CRO at Optiva. Explore the benefits of Optiva agentic AI-powered BSS at DTW Ignite, June 17-19, 2025, where Optiva agentic AI BSS is a finalist for two TM Forum Excellence Awards for Data & AI Innovation and Impact & Innovation. Schedule a meeting and demo. About Optiva Inc. is a leading provider of mission-critical, cloud-native, agentic AI-powered revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit Optiva Media Contact: Misann Ellmakermedia@ Optiva Investor Relations Contact: investors-relations@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award
Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award

Yahoo

time05-06-2025

  • Business
  • Yahoo

Optiva Agentic AI BSS, Powered by Google's Gemini Models, Wins MVNOs World AI & Analytics Excellence Award

AI-driven BSS recognized for empowering MVNEs and MVNOs to launch and configure eSIM enablement and advanced product catalogs at speed TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. (TSX: OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, is honored to receive the MVNOs World award for AI & Analytics Excellence. Optiva BSS Platform, featuring integrated AI-agents, was recognized for providing digital-first MVNEs and MVNOs with increased agility, AI-driven insights and scalability to accelerate success in the competitive telecom market. MVNOs World judges selected Optiva and recognized its innovative partnerships with MVNEs and MVNOs, including the new MVNE entrant in Nigeria, IMBIL Telecom. Utilizing a cloud-native and AI-driven architecture, Optiva BSS Platform empowers operators with digital onboarding to quickly scale MVNOs and launch customer-centric personalized offerings. The platform is a growth engine that boosts customer acquisition and cuts operational costs through automation and real-time AI-driven insights. It positions operators as pioneering, AI-first MVNEs to enable the success of next-generation MVNOs. Features like eSIM enablement and an advanced product catalog allow MVNOs to quickly configure, launch and evolve digital services to meet market demands and optimize growth strategies. The platform's AI agents foster growth with advanced analytics, powering use cases like churn prediction, next-best-offer recommendations and dynamic pricing. This helps MVNEs and MVNOs significantly accelerate time-to-market and scale intelligently and competitively. Key benefits of Optiva's agentic AI BSS are: Enhanced Customer Experience: Customer care AI agent Amica can automate customer queries and cases, significantly improving resolution times and customer satisfaction. Comprehensive automation also streamlines processes from customer onboarding to support, delivering a superior customer experience. Increased Operational Efficiency: Operations management AI agent Kairos proactively enhances operational efficiency, reducing ticket resolution time and manual efforts. This enables operators to address critical issues faster and optimize resource allocation. Hyper-Personalized Engagement: Sales AI agent Sophos empowers operators to engage customers with hyper-personalized offers and plans, improving sales efficiency and fostering customer loyalty. "Optiva is proud to receive this prestigious award as we continue to invest in our product portfolio and empower AI-native telcos and MVNE and MVNO innovators. We are excited that our agentic AI BSS and eSIM technologies are driving new revenue opportunities and delivering exceptional value to operators worldwide,' said Michele Campriani, CRO at Optiva. Explore the benefits of Optiva agentic AI-powered BSS at DTW Ignite, June 17-19, 2025, where Optiva agentic AI BSS is a finalist for two TM Forum Excellence Awards for Data & AI Innovation and Impact & Innovation. Schedule a meeting and demo. About Optiva Inc. is a leading provider of mission-critical, cloud-native, agentic AI-powered revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit Optiva Media Contact: Misann Ellmakermedia@ Optiva Investor Relations Contact: investors-relations@ 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

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