Latest news with #Stratus
Associated Press
28-05-2025
- Business
- Associated Press
Stratus Unveils New Brand Identity to Reflect Its Evolution into a Human-First Partner in Insurance Transformation
Rebrand highlights high-touch insurance transformation services Stratus provides to help insurers successfully tackle even complex modernization challenges. 'This rebrand is a declaration of who we've become: a strategic partner that combines deep domain expertise with a relentless commitment to human-centered insurance transformation.'— Chuck Fillizola, CEO of Stratus SHREWSBURY, NJ, UNITED STATES, May 28, 2025 / / -- Stratus, a leading systems integrator and technology partner for property and casualty (P&C) insurers and managing general agents (MGAs), today announced the official launch of its new brand identity, marking a bold new chapter in the company's growth. The rebrand better reflects Stratus's expertise in providing full-scale digital transformation solutions that helps insurers modernize with confidence and also close critical IT talent gaps. The refreshed brand underscores the company's expanded services in Guidewire implementation, cloud migration, data modernization, and AI strategy and execution—all delivered through Stratus's hallmark people-centered approach. 'Stratus has always been about people, our clients, our partners and our incredible team,' said Chuck Fillizola, CEO of Stratus. 'This rebrand is a declaration of who we've become: a strategic partner that combines deep domain expertise with a relentless commitment to human-centered insurance transformation.' Solving the Industry's Most Persistent Challenges Stratus's evolution comes at a pivotal moment. As insurers face mounting pressure to modernize, core system replacements and cloud migrations often prove more costly and complex than expected. Fewer than 30% of large insurance tech transformations are delivered on time and on budget, and frustration is growing with inflexible, high-cost consulting models. The market is signaling a need for agile, empathetic partners who bring both technical depth and a human touch. 'Stratus isn't just transforming systems–we're redefining what modernization feels like for insurers,' said Britt Bahar, Chief Growth Officer. 'This rebrand kicks off a bold new chapter. One where we lead with intention, deliver with precision, and put people at the center of transformation. It's a reflection of how we partner: with focus, heart, and a commitment to real impact.' With a global team of more than 550 professionals across the U.S., Canada, and India, Stratus delivers outcome-driven solutions that reduce total cost of ownership, increase scalability and accelerate speed to value. The company's recent successful client engagements, including Farm Bureau Insurance Company of Idaho and its expanded portfolio of insurance clients underscore its growing momentum. A Differentiated Model for Modernization What sets Stratus apart is its integrated model of technology execution and strategic talent delivery. In an industry where scaling modernization programs often hinge on people, Stratus uniquely supports clients by not only implementing solutions, but also building the teams to sustain them. Its fusion of SI delivery and workforce augmentation provides a complete, adaptable approach to digital transformation. A New Identity for a New Era Stratus's new brand includes a modern visual identity, refined messaging, and a relaunched website at unveiled today. The rollout culminates at InsurTech Insights North America, where Stratus will showcase its full suite of services and host executive briefings on cloud and data modernization. ### About Stratus Stratus is a people-first technology partner helping property & casualty insurers and MGAs modernize with confidence. From Guidewire implementations and managed services to AI and data modernization, Stratus combines deep domain expertise with agile execution and unmatched talent delivery. Headquartered in New Jersey with operations in Canada and India, Stratus is trusted by P&C insurers and MGAs to deliver transformation with heart, humanity, and measurable outcomes. Brett McKenzie CoVerse Communications +1 773-294-9724 email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Business Wire
27-05-2025
- Business
- Business Wire
Stratus Properties Inc. Completes Sale of West Killeen Market
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) ('Stratus') today announced that it has completed the previously disclosed sale of its 100% owned, stabilized West Killeen Market retail property for $13.3 million, generating pre-tax net cash proceeds of approximately $7.8 million, after transaction expenses and payment of the remaining $5.2 million project loan. The sales price of West Killeen Market is a premium to the gross value presented in Stratus' net asset value calculation as of December 31, 2024, as reflected in Stratus' Investor Presentation dated March 28, 2025. West Killeen Market was Stratus' H-E-B grocery shadow-anchored retail project in Killeen, Texas, near Fort Cavazos. In 2015, Stratus acquired approximately 21 acres in Killeen and simultaneously sold 11 acres to H-E-B for a 90,000 square-foot grocery store. Construction at West Killeen Market, consisting of 44,493 square feet of commercial space and three pad sites adjacent to the H-E-B grocery store, was completed and the H-E-B grocery store opened in 2017. The three pad sites were sold between 2020 and 2022. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, 'The sale of West Killeen Market at a premium to the gross value highlights our team's ability to successfully execute on our strategy of identifying and realizing value in our Texas markets through disciplined development and asset management. This transaction monetized a key asset and allowed us to fully repay the project loan, strengthening our financial position and further enhancing shareholder value. I am proud of our team's dedication and expertise, which continue to drive meaningful results for the Company and our shareholders.' About Stratus Stratus Properties Inc. is engaged primarily in the entitlement, development, management, leasing and sale of multi-family and single-family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. In addition to its developed properties, Stratus has a development portfolio that consists of approximately 1,500 acres of commercial and residential projects under development or undeveloped land held for future use. Stratus' commercial real estate portfolio consists of stabilized retail properties or future retail and mixed-use development projects with no commercial office space. Stratus generates revenues and cash flows from the sale of its developed and undeveloped properties, the lease of its retail, mixed-use and multi-family properties and development and asset management fees received from its properties. CAUTIONARY STATEMENT This press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance. Forward-looking statements are all statements other than statements of historical fact. The words 'anticipate,' 'may,' 'can,' 'plan,' 'believe,' 'potential,' 'estimate,' 'expect,' 'project,' 'target,' 'intend,' 'likely,' 'will,' 'should,' 'to be' and any similar expressions and/or statements are intended to identify those assertions as forward-looking statements. Stratus cautions readers that forward-looking statements are not guarantees of future performance, and its actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause Stratus' actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, Stratus' ability to implement its business strategy successfully, including its ability to develop, construct and sell or lease properties on terms its Board of Directors considers acceptable, increases in operating and construction costs, including real estate taxes, maintenance and insurance costs, and the cost of building materials and labor, elevated inflation and interest rates, the effect of changes in tariffs and trade policies, including threatened tariffs, supply chain constraints, defaults by contractors and subcontractors, declines in the market value of Stratus' assets, market conditions or corporate developments that could preclude, impair or delay any opportunities with respect to plans to sell, recapitalize or refinance properties, a decrease in the demand for real estate in select markets in Texas where Stratus operates, particularly in Austin, changes in economic, market, tax, business and geopolitical conditions, potential U.S. or local economic downturn or recession, Stratus' ability to obtain various entitlements and permits, changes in laws, regulations or the regulatory environment affecting the development of real estate, and other factors described in more detail under the heading 'Risk Factors' in Stratus' Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, each filed with the U.S. Securities and Exchange Commission. Investors are cautioned that many of the assumptions upon which Stratus' forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, Stratus may make changes to its business plans that could affect its results. Stratus cautions investors that it undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, business plans, actual experience or other changes. A copy of this release is available on Stratus' website,
Yahoo
27-05-2025
- Business
- Yahoo
Stratus Properties Inc. Completes Sale of West Killeen Market
AUSTIN, Texas, May 27, 2025--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) ("Stratus") today announced that it has completed the previously disclosed sale of its 100% owned, stabilized West Killeen Market retail property for $13.3 million, generating pre-tax net cash proceeds of approximately $7.8 million, after transaction expenses and payment of the remaining $5.2 million project loan. The sales price of West Killeen Market is a premium to the gross value presented in Stratus' net asset value calculation as of December 31, 2024, as reflected in Stratus' Investor Presentation dated March 28, 2025. West Killeen Market was Stratus' H-E-B grocery shadow-anchored retail project in Killeen, Texas, near Fort Cavazos. In 2015, Stratus acquired approximately 21 acres in Killeen and simultaneously sold 11 acres to H-E-B for a 90,000 square-foot grocery store. Construction at West Killeen Market, consisting of 44,493 square feet of commercial space and three pad sites adjacent to the H-E-B grocery store, was completed and the H-E-B grocery store opened in 2017. The three pad sites were sold between 2020 and 2022. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, "The sale of West Killeen Market at a premium to the gross value highlights our team's ability to successfully execute on our strategy of identifying and realizing value in our Texas markets through disciplined development and asset management. This transaction monetized a key asset and allowed us to fully repay the project loan, strengthening our financial position and further enhancing shareholder value. I am proud of our team's dedication and expertise, which continue to drive meaningful results for the Company and our shareholders." About Stratus Stratus Properties Inc. is engaged primarily in the entitlement, development, management, leasing and sale of multi-family and single-family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. In addition to its developed properties, Stratus has a development portfolio that consists of approximately 1,500 acres of commercial and residential projects under development or undeveloped land held for future use. Stratus' commercial real estate portfolio consists of stabilized retail properties or future retail and mixed-use development projects with no commercial office space. Stratus generates revenues and cash flows from the sale of its developed and undeveloped properties, the lease of its retail, mixed-use and multi-family properties and development and asset management fees received from its properties. CAUTIONARY STATEMENT This press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance. Forward-looking statements are all statements other than statements of historical fact. The words "anticipate," "may," "can," "plan," "believe," "potential," "estimate," "expect," "project," "target," "intend," "likely," "will," "should," "to be" and any similar expressions and/or statements are intended to identify those assertions as forward-looking statements. Stratus cautions readers that forward-looking statements are not guarantees of future performance, and its actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause Stratus' actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, Stratus' ability to implement its business strategy successfully, including its ability to develop, construct and sell or lease properties on terms its Board of Directors considers acceptable, increases in operating and construction costs, including real estate taxes, maintenance and insurance costs, and the cost of building materials and labor, elevated inflation and interest rates, the effect of changes in tariffs and trade policies, including threatened tariffs, supply chain constraints, defaults by contractors and subcontractors, declines in the market value of Stratus' assets, market conditions or corporate developments that could preclude, impair or delay any opportunities with respect to plans to sell, recapitalize or refinance properties, a decrease in the demand for real estate in select markets in Texas where Stratus operates, particularly in Austin, changes in economic, market, tax, business and geopolitical conditions, potential U.S. or local economic downturn or recession, Stratus' ability to obtain various entitlements and permits, changes in laws, regulations or the regulatory environment affecting the development of real estate, and other factors described in more detail under the heading "Risk Factors" in Stratus' Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, each filed with the U.S. Securities and Exchange Commission. Investors are cautioned that many of the assumptions upon which Stratus' forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, Stratus may make changes to its business plans that could affect its results. Stratus cautions investors that it undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, business plans, actual experience or other changes. A copy of this release is available on Stratus' website, View source version on Contacts Financial and Media Contact: William H. Armstrong III(512) 478-5788 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
23-05-2025
- Yahoo
Minnesota sex offender escapes treatment center after strapping GPS tracker to dummy
A Minnesota man escaped a treatment center for sex offenders after strapping his GPS ankle monitor to a dummy, authorities said. Steven Loren Edwards, 53, is facing one count of escaping custody while in a Minnesota sex offender program and another count of escaping from custody under the supervision of a mental health treatment program, according to a criminal complaint obtained by USA TODAY. Police wrote in court documents that Edwards escaped from the Minnesota Sex Offender Treatment Program in Saint Peter, Minnesota, about 75 miles southwest of Minneapolis. An attorney who previously represented Edwards told USA TODAY that he was unable to speak on his behalf. Here's what else we know so far about the case. The Minnesota Sex Offender Treatment Program is a secure treatment facility that supervises people who have been deemed sexually dangerous or those who have a 'sexual psychopathic personality,' police wrote in court documents. Someone from the program contacted the Saint Peter Police Department on May 17 and said that Edwards was missing, police said. He had been committed to the Department of Human Services as part of the sex offender program since October 2011, when court records show him as being considered "sexually dangerous." Police said that program staff went to Edwards' room around 7 p.m. on May 17. Edwards' roommate said that they should check on him because he'd been 'lying in his bed and had not moved for quite some time.' That's when staff found a dummy with Edwards' GPS ankle monitor attached to it, court documents show. Staff looked at surveillance footage and saw that Edwards had left the facility without permission at 6:53 p.m. the day before, on May 16. Someone from the Office of Special Investigations, housed in the Minnesota Department of Human Services, contacted police and said Edwards called his son at 10 p.m. the night he left the facility. The office was able to connect Edwards to a phone number for someone named James Spiess, per court documents. Once police spoke to Spiess, they found out he had been at a laundromat on May 16 when he met Edwards, according to court documents. Edwards told him he was kicked out of his home and needed to get to the city of Albert Lea, about 70 miles southeast of Saint Peter. Spiess said he'd take Edwards there, though the two stopped at a casino in Iowa before arriving in Albert Lea, court documents show. Once there, Speiss got Edwards a hotel room, left him there and drove back to Saint Peter, he told police. While investigating, Saint Peter police found out Edwards bought a car while in Albert Lea. On May 18, two days after he escaped the facility in Saint Peter, Edwards' car was seen in Webb City, Missouri, where his mother lived, court documents show. Police in Saint Peter alerted the public to Edwards and his car, a 2004 silver Dodge Stratus, asking them to be on the lookout. Webb City officers went to check on Edwards' mother and found the Stratus outside her home, over 500 miles away from the facility he escaped, court documents show. Webb City officers found Edwards inside the home and arrested him. As of May 22, Edwards was still in Missouri, and Minnesota authorities plan to pick him up the week of May 26, Nicollet County Attorney Michelle Zehnder Fischer confirmed to USA TODAY. Court records show a number of prior convictions for Edwards, including assault, fleeing police and in 1991, escape from custody. Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@ This article originally appeared on USA TODAY: Man straps GPS tracker on dummy, escapes St. Peter sex offender center
Time of India
08-05-2025
- Entertainment
- Time of India
3 WWE accolades Trish Stratus can win in the modern era
Trish Stratus still has some accolades missing from her illustrious resume. Trish Stratus is one of the biggest names in the history of women's wrestling. The former Diva of the Decade has paved the way for future generations and proved herself as a true trailblazer and accomplished WWE superstar. Tired of too many ads? go ad free now Not only that, but Stratus has returned to WWE on numerous occasions and has shown that she can still go toe-to-toe with the stars of the current roster. Moreover, Stratus came back to WWE in 2023 for an extended run that lasted for months. Should she decide to do that re-run again in the future, her goal could be to etch accolades that she did not win in WWE during her active years or previous appearances. Here are the three top accolades that Trish Stratus can win if she returns to WWE for another extended tenure: 3. WWE Women's Tag Team Championships The WWE Women's Tag Team Championships were introduced years after Trish Stratus retired from the ring as a full-time competitor. Despite that, she was involved in a tag team title match after WrestleMania 39. Stratus filled in for her best friend, Lita, to team up with Becky Lynch. However, if she returns to WWE for another run, this time it could be a full-fledged run with the tag gold, possibly with Lita or a top star of today's roster. One choice for her could be Tiffany Stratton, with whom she last teamed up and emerged victorious at the 2025 WWE Elimination Chamber PLE against Nia Jax and Candice LeRae. 2. Money in the Bank Trish Stratus got to compete in her first Money in the Bank ladder match back in 2023, but she was unsuccessful in capturing the briefcase. With some experience now under her belt, she could resurface in WWE and compete in the ladder match, potentially winning the match. This could add a missing accolade to her resume and pave an easy path for her to another WWE Women's Championship reign. 1. Secondary WWE Women's Championship Another new opportunity was introduced for the WWE women's division in the modern era. Tired of too many ads? go ad free now That was secondary Women's titles for the division, i.e, the Intercontinental and United States Championships. Trish Stratus is a seven-time Women's Champion, and she can add an 8th title to her resume. However, this time it could be one of the new titles introduced for the WWE landscape should she make her return to in-ring action again. Also read:
