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Globe and Mail
a day ago
- Business
- Globe and Mail
Isos Technology Celebrates 20 Years of Innovation and Impact
Isos Technology is proud to mark its 20th anniversary this June. Isos Technology, a leader in enterprise technology consulting and an award-winning Atlassian Platinum & Enterprise Solution Partner, is proud to mark its 20th anniversary this June. From humble beginnings as an enterprise Java development shop, Isos has grown into one of the most trusted names in digital transformation and service management across the public and private sectors. Co-founded in 2005 by Thad West (CEO), Sonny Coccera (former COO), and Danny Riley (Senior Vice President of Sales Strategy & Operations), Isos was born out of a passion for solving complex technology challenges with heart and humanity. Early adopters of Jira and Confluence to manage their own software development processes, the team quickly drew attention for how effectively they optimized Atlassian tools—and a consultancy was born. In December 2022, Isos Technology became a portfolio company of The Acacia Group, a move that reinforced its growth trajectory while keeping its original founders at the helm. Since then, Isos has significantly expanded its Atlassian capabilities through the acquisitions of MajorKey Technologies' Atlassian practice, HyperVelocity Consulting, and Stack Intelligence's Atlassian practice. These strategic additions have positioned Isos as one of the largest Atlassian Platinum Solution Partners in the world, further strengthening its role as a leader in delivering transformative service management, cloud, and strategic enterprise solutions across commercial and federal sectors. Over the past two decades, Isos has reached milestone after milestone. The company became an Atlassian Platinum & Enterprise Solution Partner in 2014, solidifying its position at the forefront of the Atlassian ecosystem. Since then, it has earned seven Atlassian Partner of the Year awards in categories including Jira Service Management, Enterprise, ITSM Solutions, Services, and Non-Profit Impact. Isos has also been recognized by premier Atlassian Marketplace partners. Appfire has named Isos a 'Red Hot Partner' several years in a row, and in 2025, Tempo Software named Isos their Public Sector Leader Partner of the Year. 'Twenty years is an incredible accomplishment,' said Thad West, CEO of Isos Technology. 'But it's not just about how long we've been here—it's about how much we've helped organizations grow, transform, and thrive. We owe our success to our dedicated team, our collaborative clients, and the strong partnerships we've built along the way.' To support its continued momentum into the next chapter, Isos recently expanded its leadership team, welcoming Ron Thompson as Chief Revenue Officer and John Clinton as Chief Financial Officer. Their arrival underscores the company's commitment to strategic growth without compromising on the personalized, high-quality client service and flexible, inclusive culture that define Isos. As Isos looks toward the future, its mission remains the same: to help organizations become the best version of themselves through smarter tools, efficient business practices, and empowered people. About Isos Technology Isos Technology helps organizations in the public and private sectors solve complex business challenges with Atlassian tools and industry best practices to drive enterprise excellence. Whether optimizing service management, migrating to the cloud, or developing long-term IT strategies, Isos Technology partners with teams to achieve measurable results. As an Atlassian Platinum Solution Partner, Isos specializes in ITSM, cloud migrations, and enterprise strategy. The company has been recognized multiple times as an Atlassian Partner of the Year. Since 2005, Isos Technology has helped Fortune 1000 companies and public sector organizations innovate and build sustainable success. For more information, visit Media Contact Company Name: Isos Technology Contact Person: Erin Philips Email: Send Email Phone: 480.366.5784 Country: United States Website:
ABC News
27-05-2025
- Business
- ABC News
Call the medics: How Healthscope ended up in hospital
Health and wealth. It's a potent pairing that often divides communities, states and nations. Unlike the United States, where health often is dictated by wealth, the British and Australian health systems are underpinned by government commitments to public health with a supporting private system. But the collapse of Healthscope this week, Australia's second biggest privately owned hospital operator, once again has exposed the often-conflicting goals between government responsibility for health services and subsidised but privately run institutions looking to maximise profit. Can care services — whether it be in child, aged or health sectors — adequately deliver for the community as they seek to maximise returns to shareholders? According to Stephen Duckett, an honorary professor at University of Melbourne and a healthcare expert, Australia has a "sorry history" when it comes to running these kinds of partnerships. "Governments have naively assumed that the private sector always operates more efficiently and often been overly generous in the contracts they've signed," he says. "And the private sector has been naïve in thinking it could extract more profit than was possible." Healthscope's exasperated debtors called in receivers on Monday after months of financial dramas that saw the foreign-owned hospital group default on its rental payments. Fingers are pointing everywhere when it comes to blame. Healthscope management has thrown mud at the health insurance industry while admitting its owners paid too much and saddled the operator with too much debt. The health insurers, meanwhile, have taken aim at foreign-owned private equity investors, accusing them of being out to make a quick buck. Healthscope has operations in every state and territory across the country. Some of them provide vital community work. In Darwin, Healthscope has the only privately run medical service, while in some parts of Victoria, the company provides the only mental health services. Among the 37 institutions under the company's control is Sydney's Northern Beaches Hospital, undoubtedly the company's most controversial operation. A public hospital contracted out to Healthscope by the previous Liberal government, it shot to prominence for all the wrong reasons after the death of two-year-old Joe Massa, who suffered cardiac arrest after staff left him alone with his parents. The tragic incident ignited community outrage and has been the subject of numerous inquiries. Even before Healthscope's collapse, NSW Premier Chris Minns was keen to explore ways to take the hospital back under government control. That may be a possibility now the company has gone under. But the state government so far is playing it cool. Health Minister Ryan Park told Sally Sara on AM Breakfast this week that private sector health care would never again intrude on the public system. "My view is that this is not a model of health care we should ever be doing in NSW ever again," he said. "Because the public health system is designed to deliver those acute public health services." That's a model that has evolved across the country in almost every state and territory. Federally funded public health services deliver the bulk of critical health services while the private system provides more than two thirds of elective surgery. Healthscope's demise began on the day the purchase deal was inked. In late 2019, just months before the COVID-19 pandemic swept the globe, Canadian-based asset manager Brookfield snapped up the healthcare group for $4.4 billion. If the purchase price appeared a stretch, what followed was bound to break the elastic. Elective surgery virtually ceased during the extended lockdowns across the country, making the operations unviable. To make matters worse, Brookfield lumbered the hospitals with $1.6 billion in debt as it repatriated cash back to head office. The properties, meanwhile, were sold off to two commercial property trusts. One was a Canadian outfit, Northwest Healthcare Properties Real Estate Investment Trust, which took the bulk of the hospitals. The other was an Australian group, HMC, run by former investment banker David Di Pilla, who shuffled the 11 hospitals, worth about $1.5 billion, into a property offshoot called HWC. Having paid so much for the hospitals, HWC charged what it believed was an appropriate rent. But by late last year, Healthscope was in serious financial difficulties. It was drowning in debt, not pulling in enough revenue and unable to meet the rent. In February, after months of threats, Healthscope told HWC it would refuse to pay rent unless it could receive some kind of relief, which was never forthcoming. By that stage, even the owner, Brookfield, refused to tip in any more cash and the 27-member banking syndicate began selling off debt at 50c in the dollar. Australia's second-largest private hospital group declared war against the health insurance industry in October last year. Desperate for cash, it began charging patients, including those covered by health insurance, a "hospital facility fee": $50 for same day services and $100 for overnight services. Dr Rachel David, chief executive of the peak body representing health funds, Private Healthcare Australia, described the move as "an unethical new low". One fund launched legal action, arguing the out-of-pocket fee breached its contract, prompting Healthscope to tear up contracts with all the health funds. The body's spokesperson Ben Harris told AM Breakfast that health funds were committed to working with the receivers as they searched for new owners. He didn't waste the opportunity to further criticise Healthscope's private equity owners and managers. "At the same time as it delivered millions of dollars of profits to its foreign investors, it's left these hospitals with a massive amount of debt and rents which are much higher than the rest of the sector," he told Sally Sara. Brookfield is likely to take a hit on the deal. So too are the bankers, many of which have already sold their debt for half price. As for new owners, David Di Pilla's HMC pitched up an offer for the entire hospital portfolio even before the administrators arrived. But Stephen Duckett believes it will be broken up and sold off to rivals, and perhaps even health insurers. "Some buyers will find certain hospitals are complimentary to their existing portfolios and will see better value for some assets than other buyers," he said. That could see insurers taking a greater role, expanding into hospital management, a development some see as potentially problematic. "There are potential risks with 'vertical integration' but those risks are mitigated because it is the surgeon who chooses where to operate." According to Duckett, private insurers and private hospitals are here to stay. But while it's too late to wind back the system, the product needs to be improved.
Trade Arabia
24-05-2025
- Business
- Trade Arabia
UNITING SECTOR PLAYERS Saudi Arabia unveils bold new platform to redefine tourism sector
The Kingdom of Saudi Arabia has unveiled TOURISE - a bold global platform set to redefine and shape a new horizon for tourism at scale. It is set to unite visionary public and private sector leaders across tourism, investment and sustainability ecosystems more…
Arab News
23-05-2025
- Business
- Arab News
PM Sharif tells business leaders private sector key to economy ahead of June 10 budget
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday emphasized the pivotal role of the private sector in driving economic development, asserting that a robust public-private partnership was essential for the country's emergence as a strong global economy. Sharif made these remarks during a meeting with presidents of chambers of commerce from across the nation, coinciding with the government's announcement to present the next federal budget on June 10. The government has consistently stressed the need for the private sector to lead in strengthening the national economy, assuring it of state support. Sharif reiterated this stance, highlighting the necessity of collaboration between the government and private enterprises in the country. 'There is a need to mobilize the private sector to achieve economic self-reliance,' the Prime Minister's Office quoted him as saying during the meeting. 'Protecting the rights of the Pakistani business community and providing them with a conducive environment for profitable business are among the top priorities of the government,' he continued. Sharif also pledged to reduce the cost of doing business in Pakistan, noting that measures were being implemented to facilitate access to loans and reduce electricity prices. Addressing tax compliance, he emphasized a zero-tolerance policy toward tax evasion. Pakistan has historically one of the lowest tax-to-GDP ratios in the region. The government has tried to addressed the situation by reforming its tax collection body through increased automation to improve collection and compliance. The official statement said the delegation of business leaders commended the government's economic policies, citing gradual improvements in the national economy and business environment. They also presented budget proposals for the upcoming fiscal year. Pakistan is scheduled to release a comprehensive economic survey for the outgoing fiscal year on June 9, only a day ahead of the budget preparation.
Zawya
22-05-2025
- Business
- Zawya
The Islamic Development Bank (IsDB) Group Business Forum (THIQAH) Signs Strategic Memorandums of Understanding (MoUs) to Boost Investment and Economic Cooperation in Algeria
The IsDB Group Business Forum (THIQAH) ( signed two Memorandum of Understanding (MoUs) with prominent Algerian institutions during the Private Sector Forum, held on the sidelines of the IsDB Group Annual Meetings. These agreements mark a significant step in strengthening economic cooperation, promoting investment, and supporting private sector participation across IsDB member countries. The signing ceremony took place in Algiers, in the presence of high-level government officials, business leaders, and international partners. THIQAH signed MoUs with the Algerian Chamber of Commerce and Industry (CACI), and the Arab African Center for Investment and Development (CAAID). These agreements reflect a shared vision to promote sustainable development and enhance regional and global economic integration. The MoU with CACI focuses on facilitating the exchange of information on trade and investment opportunities, encouraging mutual participation in economic events, and promoting the exchange of business delegations. The goal is to stimulate economic development and expand private sector partnerships between Algeria and other IsDB member countries. The agreement with CAAID centers on enhancing cooperation in the fields of investment and development. Both parties committed to organizing regional and international conferences, sharing expertise, and facilitating business delegation exchanges to strengthen economic cooperation with global investment stakeholders. This milestone event in Algeria forms part of THIQAH's broader strategy to foster national and regional partnerships, stimulate private sector investments, promote inclusive growth, and support the IsDB Group's sustainable development goals. Distributed by APO Group on behalf of Islamic Development Bank Group Business Forum (THIQAH). Contact: Email: THIQAH@ Social Media: Twitter: @ IDBGTHIQAH Facebook: @ IDBGTHIQAH LinkedIn: IsDB Group Business Forum - THIQAH About the Islamic Development Bank Group Business Forum (THIQAH): THIQAH serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries. Its core aim is to build an inclusive, strategic platform for dialogue, cooperation and partnerships focused on high potentials investment opportunities. By leveraging IsDB Group resources, THIQAH offers support services and confidence to investors while promoting cross-border investment flows withing member countries. Website:
