Latest news with #PaulPatterson
Business Wire
4 days ago
- Business
- Business Wire
Wigmore IT Leverages Cinchy's Data Collaboration Platform to Accelerate Gainsight Deployment
TORONTO & LONDON--(BUSINESS WIRE)--Wigmore IT, a leader in digital transformation solutions, is using Cinchy's Data Collaboration Platform to establish a universal data model that enables the rapid deployment of Customer Success applications within one week. By leveraging Cinchy's innovative approach to data connectivity and collaboration, Wigmore IT is eliminating data silos and accelerating time to value for its customers. The collaboration between Wigmore IT and Cinchy underscores the power of data-centric architecture in transforming enterprise software adoption. Share Traditional enterprise software deployments often require extensive data integration efforts, leading to costly delays and operational bottlenecks. By utilizing Cinchy's zero-copy integration and data collaboration capabilities, Wigmore IT is streamlining the process, ensuring seamless access to the data needed for Gainsight's customer success platform. 'With Cinchy, we can unify disparate data sources into a universal model without the need for complex ETL processes or middleware,' said Mark Deegn, CTO at Wigmore IT. 'This allows us to easily ingest critical data into powerful platforms such as Gainsight in just days rather than weeks or months, empowering our customers' teams with real-time insights and a single source of truth.' 'Customer Success teams have always struggled to get the data they need into their system of record,' said Paul Patterson, CEO of Cinchy. 'Traditional methods take a lot of time, and limit the access to data needed to optimize success. Wigmore IT is leveraging Cinchy to give Customer Success organizations the data they need… fast.' The collaboration between Wigmore IT and Cinchy underscores the power of data-centric architecture in transforming enterprise software adoption. By removing integration barriers, the companies are setting a new standard for agility in deploying customer success platforms. For more information about Wigmore IT's digital transformation services, visit For more information on how Cinchy's Data Collaboration Platform is reshaping enterprise data management, visit
Yahoo
18-05-2025
- Business
- Yahoo
Vistra Corp. (VST) Bets on AI Power Demand With $1.9 Billion Natural Gas Deal
Vistra Corp. (NYSE:VST) has recently agreed to acquire seven natural gas power plants for $1.9 billion from Lotus Infrastructure Partners, aiming to meet the growing energy needs driven by artificial intelligence. VST is a Texas-based electricity and power generation company that offers essential power resources to its customers. The deal will add 2,600 megawatts of capacity across five states—mainly in the Northeast—boosting Vistra's already extensive power generation portfolio from California to Maine. This capacity is roughly equal to 2.5 nuclear reactors. According to Glenrock Associates analyst Paul Patterson, the move reflects a broader trend among independent power producers capitalizing on the surge in data center demand. Investors have been responding positively to such acquisitions, marking a shift from years of industry struggles and bankruptcies. Patterson noted that while Vistra's move isn't surprising, more similar deals are likely on the horizon. In addition to Vistra Corp. (NYSE:VST)'s growth strategy, the company is also a strong dividend payer. On May 2, it announced a 1% hike in its quarterly dividend to $0.225 per share. Through this increase, the company stretched its dividend growth streak to 13 years. In the past 12 months, the stock has surged by over 71%, outperforming the broader market. While we acknowledge the potential of VST to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None. 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
Yahoo
18-05-2025
- Business
- Yahoo
Vistra Corp. (VST) Bets on AI Power Demand With $1.9 Billion Natural Gas Deal
Vistra Corp. (NYSE:VST) has recently agreed to acquire seven natural gas power plants for $1.9 billion from Lotus Infrastructure Partners, aiming to meet the growing energy needs driven by artificial intelligence. VST is a Texas-based electricity and power generation company that offers essential power resources to its customers. The deal will add 2,600 megawatts of capacity across five states—mainly in the Northeast—boosting Vistra's already extensive power generation portfolio from California to Maine. This capacity is roughly equal to 2.5 nuclear reactors. According to Glenrock Associates analyst Paul Patterson, the move reflects a broader trend among independent power producers capitalizing on the surge in data center demand. Investors have been responding positively to such acquisitions, marking a shift from years of industry struggles and bankruptcies. Patterson noted that while Vistra's move isn't surprising, more similar deals are likely on the horizon. In addition to Vistra Corp. (NYSE:VST)'s growth strategy, the company is also a strong dividend payer. On May 2, it announced a 1% hike in its quarterly dividend to $0.225 per share. Through this increase, the company stretched its dividend growth streak to 13 years. In the past 12 months, the stock has surged by over 71%, outperforming the broader market. While we acknowledge the potential of VST to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None. 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
Sky News
07-03-2025
- Business
- Sky News
Post Office scandal: Fujitsu agrees to talks about contributing to victims' compensation
Fujitsu has agreed to begin talks with the UK government on contributing to compensation for victims of the Post Office scandal. Hundreds of sub-postmasters were falsely accused of stealing from their branches between 1999 and 2015. Fujitsu developed the faulty Horizon computer system responsible for erroneous shortfalls in accounting which led to wrongful convictions. They also supported the Post Office in its prosecutions. More than a year ago, Fujitsu boss Paul Patterson said the company had a "moral obligation" to contribute towards redress for victims. Business secretary Jonathan Reynolds and Mr Patterson today held a "positive and constructive" meeting in Japan - where Fujitsu agreed to begin talks on compensation. The UK government "welcomes Fujitsu's repeated commitment to its moral obligation to contribute" towards compensation for the Horizon scandal victims, a joint statement said. Ahead of the completion of the inquiry into the scandal, the pair "agreed to progress discussions regarding Fujitsu's contribution, acknowledging many parties are involved," it added. Officials will "continue to engage with Fujitsu", but the UK government will not be making a "running commentary" on discussions, the statement said. It also said the government is "grateful" for Fujitsu's engagement with the Post Office inquiry "and its continued focus on delivering its public services commitments in the UK". 'Utter disgrace' It comes as the widow of a Post Office scandal victim, who received a compensation offer days after his death, described her situation as an "utter disgrace". Janet Walters, 68, lost her husband Terry in February - a week before a letter arrived offering "less than half" of his original claim for financial redress. 3:43 Terry Walters was one of 555 sub-postmasters who won a legal battle against the Post Office in 2019. Janet described the length of time many victims have had to wait for an offer of compensation as another "scandal". "I've told them I will not accept [the offer]," Janet told Sky News. "I think it's an utter disgrace. "It's a scandal what they did with the Horizon system, it's a scandal now because of the length of time it's taken [on redress]." Thousands waiting for compensation New figures show more than £768m has been now paid to more than 5,100 victims across all redress schemes. The Department for Business and Trade said this was a "more than tripling" of the total amount of redress paid since June 2024. There are, however, still hundreds waiting for compensation in the GLO (Group Litigation Order) scheme, with more than 200 yet to receive full redress. There are also more than 4,000 yet to be paid in the Horizon Shortfall Scheme (HSS), although since last month, over 700 have received compensation. 3:31 In a separate statement after the meeting in Japan, Mr Reynolds said: "We must never forget the lives ruined by the Horizon scandal and no amount of redress can take away that pain. But justice can and must be done. "This government is determined to hold those responsible to account and will continue to make rapid progress on compensation and redress. "Since we took office, we have more than tripled the total amount of redress paid to victims, and today we took another significant step towards justice."
