Latest news with #businesstransformation
Associated Press
2 days ago
- Business
- Associated Press
Powin LLC Files for Chapter 11 to Restructure Financial Liabilities; Service Business Entity Formed, Led by Brian Kane
Portland, OR June 10, 2025 --( )-- Powin LLC, a U.S.-based global energy storage integrator, today announced that it has voluntarily filed for Chapter 11 protection under the U.S. Bankruptcy Code in the District of New Jersey as part of a strategic effort to address financial liabilities and secure its core businesses. To position its core businesses for long-term success and continue delivering strong support to its customers, Powin will separate and form a new entity ('Powin Project LLC' or 'business') ensuring ongoing service, greater focus, and more agile operations aligned with customer priorities. Built around Powin's core monitoring and engineering service operations, the new business will continue to deliver critical support services to customers with a strong foundation for sustainable growth. The service business has demonstrated consistent demand and operational strength, making it a natural anchor for the company's go-forward strategy ensuring asset support and optimization for our customers. To lead the new organization, Powin has appointed Brian Kane as Chief Executive Officer. Brian brings deep industry experience and a track record of business transformation. Brian has successfully led the Powin Projects organization for the last four years and will be responsible for guiding the business through its launch and scaling its operations while preserving Powin's core service commitments. 'This is a pivotal moment for Powin,' said Brian Kane. 'Forming this organization around our services business through this critical transition allows us to preserve the value we've built focus on delivering reliable performance to our customers and position the organization for long-term viability and success. I'm proud to lead this next chapter.' Further information about the Company's Chapter 11 cases can be found at Powin is advised in this matter by Dentons as legal counsel, Uzzi & Lall as financial and restructuring advisor, and Huron as investment banker. Media: (866) 507-8031 (U.S./Canada) or (781) 575-2122 (International) About Powin, LLC (Powin) Powin LLC is a U.S.-based global energy storage integrator on a mission to become the world's most trusted energy storage provider, enabling clean and reliable energy. With data-driven software controls, proven hardware, and experienced end-to-end project execution, Powin delivers scalable systems tailored to meet the needs of modern energy demand. Supported by a globally diversified, ethically sourced supply chain, Powin bolsters energy distribution to alleviate grid congestion, reduce costs, and strengthen aging infrastructure. Relentlessly focused on innovation and lasting value, Powin optimizes energy management, mitigates risk, and ensures predictable energy throughout the lifetime of its projects. Contact Information: Jennifer Mercer 818-802-5199 Contact via Email Read the full story here: Powin LLC Files for Chapter 11 to Restructure Financial Liabilities; Service Business Entity Formed, Led by Brian Kane Press Release Distributed by
Yahoo
4 days ago
- Business
- Yahoo
How Will Private Equity Change Big Law?
Big law is going through a transformation as private equity sees the investment potential in law firms. For an industry built on tradition and ethics, how will non-lawyers change the business? 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
Tahawul Tech
15-05-2025
- Business
- Tahawul Tech
'Endava plays a critical role in helping organisations realise the full potential of Agentspace.' – Andrew Rossiter, Endava
Endava, the technology-driven business transformation group whose AI-native approach combines cutting-edge technology with deep industry expertise, has announced it is now an implementation partner for Google Agentspace and will help accelerate industry-wide adoption. The AI landscape is evolving rapidly, with a clear shift toward agentic AI – autonomous, goal-oriented systems capable of acting independently, learning from experience and collaborating across dynamic environments. At the forefront of this transformation is Google Agentspace, a powerful platform that enables enterprises to embed intelligent, proactive agents across their workflows. At its core, Agentspace offers a multimodal search agent that serves as a central, conversational interface for accessing enterprise knowledge. Agentspace connects data from both structured and unstructured sources — including Google Drive, Jira and SharePoint — giving employees a unified source of truth. This means less time navigating systems and more time making decisions, with AI that not only responds but anticipates needs and suggests next steps. 'As a partner to Google Cloud, Endava plays a critical role in helping organisations realise the full potential of Agentspace' said Andrew Rossiter, Global SVP of Google Cloud at Endava. 'With deep experience in cloud-native engineering, enterprise integration and AI solution design, we support clients in deploying intelligent agents that align with real business needs and ensure a smooth, scalable implementation journey.' Agentspace also supports the deployment of domain-specific expert agents — AI-powered assistants designed to automate multi-step processes, conduct analysis and generate content across key functions such as marketing, legal, finance and engineering. These agents move beyond task support and become true collaborators, helping teams execute complex work more efficiently and with greater accuracy. The result is a step change in enterprise productivity: agents that summarise documents, manage project milestones, synthesise insights and coordinate workflows — all autonomously, yet securely within the enterprise environment. To accelerate adoption, Endava also offers a suite of Agentspace accelerators — pre-built templates, integration frameworks and reusable components that reduce complexity and speed up delivery. These accelerators help organisations get started quickly, unlocking the power of agentic AI without the overhead of building from scratch.
National Post
13-05-2025
- Business
- National Post
GCI Collaborates With Netcracker for Modernized BSS/OSS to Enhance Customer Experience, Improve Business Agility and Enable New Business Models
Article content Article content WALTHAM, Mass. — Netcracker Technology announced today that GCI, Alaska's largest communications provider, has extended its partnership with Netcracker to improve the operator's customer, revenue and operations management systems. These capabilities will deliver a superior customer experience, reduce operational costs through managed services and bring services to market more quickly through an automated and streamlined fulfillment and provisioning process. Article content Netcracker will also provide a variety of hosted managed services covering mission-critical BSS/OSS processes to accelerate GCI's business objectives. The operator will continue to benefit from faster issue resolution, improved order processing time and significantly lower platform costs. Article content 'The Netcracker partnership has been at the heart of the system and business transformation that was started nine years ago with the Polaris Program,' said Sean Lambert, VP of Application Technology at GCI. 'Extending our partnership with Netcracker will enable GCI to focus on critical market drivers to address our customer needs for many years to come.' Article content 'We are delighted to continue our journey with GCI as it undertakes this critical step to boost its business efficiency and deliver more value to customers,' said Rohit Aggarwal, GM at Netcracker. 'Our state-of-the-art BSS and OSS solutions are a game changer, and we are excited to validate GCI's ability to enable critical digital transformations.' Article content Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in the digital economy. Our innovative solutions, value-driven services and unbroken delivery track record have enabled our customers to grow and succeed for more than three decades. With the latest technological advancements in key areas including 5G monetization, AI, automation and vertical industries, we help service providers to reach their transformation goals, advance their telco to techco evolution and realize business growth and profitability. To learn more, visit Article content Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Learn more about GCI at GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at Article content Article content Article content Contacts Article content Article content Article content
