Tag: Member Press Releases

Elemica Celebrates Its 20th Anniversary as a Supply Chain Network Pioneer

Amanda Nardi

Acquisitions, New Markets, Global Expansion, Next-Gen Solutions Lead to Customer Supply Chain Value

Atlanta, GA – January 22, 2020 – Elemica, the leading cloud-based Digital Supply Network for global manufacturing industries, celebrates twenty years of doing business. The company is one of the few original pioneers in supply chain networks that is still around today. The company has significantly changed since inception – moving from a chemical industry focus to providing next-gen supply chain solutions centered on a robust Digital Network across all global manufacturing industries. Today the company processes over $600 billion in commerce annually through its network, automating the buy, sell, move, and quality transactions to accelerate digital transformation.

“We want to thank our hard-working employees and exemplary customers for their dedication to our success for the past twenty years, and we look forward to another twenty years of delivering valuable solutions to clients,” said Rich Katz, CEO of Elemica.

Read full press release.

eMoney Advisors Partner with Anexinet For Financial-App Scaling

Amanda Nardi

Ongoing Expansion Continues to Improve IT Processes through Digital Transformation

Philadelphia, PA – January 22, 2020 – Anexinet Corporation, a leading provider of digital business solutions, today announced that eMoney Advisor (eMoney) has selected Anexinet to expand its production environment across an HPE Synergy platform. This new platform provided eMoney with a network infrastructure aligned with a hybrid IT architecture, along with a long view, future-proof technology roadmap. For more information, please see the full case study at https://bit.ly/2QOpkum.

For nearly two decades eMoney, a leading provider of technology solutions and services that helps people talk about money, has worked side-by-side with more than 60,000 financial professionals to deliver solutions that meet evolving client needs. Rooted in comprehensive financial planning, eMoney’s solutions strengthen client relationships, streamline business operations, enhance business development and drive overall growth.

Read full press release. 

Industrial Market Fundamentals are Strong Going into 2020

Amanda Nardi

Wayne, PA (January 17, 2020) — Newmark Knight Frank (NKF) released its fourth-quarter 2019 industrial market reports for Greater Philadelphia and the I-81/78 Corridor. Both markets hit notable milestones in the final quarter of the decade. The I-81/78 Corridor realized 6.2 million square feet of positive net absorption, the single largest quarterly total in this economic cycle. In the Greater Philadelphia industrial market, 5.6 million square feet of new industrial product delivered, the largest quarterly addition to the inventory in the 21st century to date.

In the I-81/78 Corridor industrial market, the fourth quarter of 2019 had numerous large occupancies of recently-delivered speculative and build-to-suit warehouses, including DHL’s arrival at the 1.0 million-square-foot warehouse located at 84 Zions View Drive. This marked the region’s most significant fourth-quarter occupancy. The heightened activity brought the market’s vacancy rate below the 8.0 percent mark attained in the third quarter, to close the year at 7.8 percent.

Read full press release.

The Greater Philadelphia Office Market Closes the Decade on a High Note

Amanda Nardi

Philadelphia, PA (January 16, 2020) — Newmark Knight Frank (NKF) released its fourth-quarter 2019 office reports for the Philadelphia CBD and suburbs, Southern New Jersey, and Northern Delaware today. Across the region, the office market concluded 2019 with robust positive absorption, continued rent growth, new construction, and the promise of more demand-driven development to kick off the new year.

In Philadelphia’s Central Business District (CBD), market activity was largely driven by the “eds & meds” sector, which contributed significantly to the overall quarterly absorption of 142,976 square feet through notable deals such as Children’s Hospital of Philadelphia and Limelight Bio, each leasing a full floor at 3535 Market Street in University City. “Eds & meds” is also among the sectors catalyzing new development. Drexel University officially signed for a 258,000-square-foot build-to-suit in University City this quarter and exercised the option to expand the building to 454,000 square feet to accommodate multiple College of Medicine programs. This was one of two new build-to-suit deals signed in the fourth quarter downtown; Morgan Lewis & Bockius also signed with Parkway Corporation for a 308,000-square-foot build-to-suit at 2222 Market Street.

Read more.

Anexinet Continues Executive Leadership Expansion with New Chief Marketing Officer

Amanda Nardi

Suzanne Lentz Brings Extensive Brand Development and Integrated Marketing Experience

Philadelphia, PA – January 15, 2020 – Anexinet Corporation, a leading provider of digital business solutions, today announced the appointment of Suzanne Lentz as Chief Marketing Officer. Lentz will lead all aspects of Anexinet’s marketing activities from strategy creation to brand execution – including promoting its award-winning technology consulting and value-added reseller businesses; creating compelling experiences for Anexinet’s customers, employees, and partners; as well as amplifying overall brand awareness.

“Suzanne brings increased focus to our digital transformation efforts while also helping to develop customer and partner relationships through stronger brand identity,” said Todd Pittman, CEO, Anexinet. “We’re proud to welcome such an accomplished leader into our family and look forward to her valuable contributions.”

Read full press release.

RSM Names Patrick Healey Financial Due Diligence Partner

Amanda Nardi

Addition expands transaction advisory practice in the Northeast

CHICAGO (January 07, 2020) – RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – is pleased to announce that Patrick Healey has joined the firm’s national transaction advisory services (TAS) practice as a partner in financial due diligence.

“We’re very excited to have Patrick join our transaction advisory practice to continue building on our strength in the Philadelphia market with our comprehensive due diligence offering, including financial, tax, operational, IT and cyber due diligence.” said Michael J Grossman, national leader of RSM’s TAS practice.

Healey has nearly 19 years of financial analysis and accounting experience, with the last 15 years solely focused on transactions. Prior to joining RSM, he worked for a Big Four accounting firm,  where he focused on both corporate and financial sponsors across several industries including chemicals, manufacturing, consumer products, technology, business services and communications.

“I’m excited to join the RSM team and to bring the full breadth of transaction advisory services to the Philadelphia market and our clients across the country,” said Healey. “Joining this growing team in Philadelphia, I will be able to bring our strength in financial, tax, IT and operations due diligence to meet our clients’ needs when and where they need it.”

Healey earned his master of science in accounting from University of Virginia, and holds a bachelor’s degree in accounting and finance from Boston College. He will be based out of RSM’s Philadelphia office.

About RSM US LLP
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.

RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.

Proscia® Making News: Awards, Recognition, Patents, and New Features

Amanda Nardi

Check out recent news from PACT Member, Proscia®!

Proscia® Named to 2019 CNBC Upstart 100 List of Most Promising Start-Ups to Watch – November 12, 2019

https://proscia.com/product-releases/proscia-named-to-2019-cnbc-upstart-100-list-of-most-promising-start-ups-to-watch/

Proscia® Introduces New Enterprise-Scale Features on the Concentriq® Digital Pathology Platform for Life Sciences Companies – November 12, 2019

https://proscia.com/product-releases/proscia-introduces-new-enterprise-scale-features-on-the-concentriq-digital-pathology-platform-for-life-sciences-companies/

Proscia’s Concentriq® Dx Receives CE Mark for Primary Diagnosis – November 6

https://proscia.com/product-releases/proscias-concentriq-dx-receives-ce-mark-for-primary-diagnosis/

Proscia® Granted U.S. Patent for AI-Powered Dermatopathology – October 30

https://proscia.com/product-releases/proscia-granted-u-s-patent-for-ai-powered-dermatopathology/

Consulting Magazine Names RSM to its 2019 Best Firms to Work For List

Amanda Nardi

RSM celebrates six consecutive years as a best employer

NEWS RELEASE

CHICAGO, September 20, 2019

RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – was recently ranked No. 9 on Consulting magazine’s 2019 Best Firms to Work for List. This is the sixth straight year RSM has been included in the ranking, and the second consecutive year the firm has held the No. 9 position.

Firms included in Consulting magazine’s annual list are ranked based on survey responses in six categories – each measuring a different aspect of employee satisfaction. The categories included client engagement, firm culture, firm leadership, career development, work/life balance and compensation & benefits. More than 325 firms participated in this year’s survey (more than ever before), which garnered more than 11,000 responses.

According to the publication, survey results indicate satisfaction levels remained relatively unchanged in 2019, which is good news since those levels are elevated by historical standards, according to the publication. The publication says that is a positive sign, given rumblings about a looming recession. Based on this year’s survey results, Consulting magazine says that the profession does not seem to be indicating that a downturn is on the way.

“Continuing to be included in Consulting magazine’s annual Best Firms to Work For List is quite an honor,” said Brian Becker, national consulting leader with RSM US LLP. “At RSM, we understand that it’s our people that really make a positive difference for our clients. And the fact that our people are happy working here means that they go above-and-beyond to make sure that our clients are happy with the support we provide them.”

“RSM’s ranking on this prestigious list of the best firms to work is so gratifying,” said Katie Lamkin, chief human resources officer with RSM US LLP. “This annual survey is just one of several opportunities our people have to provide insights into how they feel about working at RSM. We’re thrilled that, based on what we hear from this and other surveys, our people enjoy being at RSM.”

You can find a complete list of the 2019 Best Employers to Work For on Consulting magazine’s website.

About RSM US LLP
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.

RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.

Industrial Development Levels Make Dramatic Jumps

Amanda Nardi

Wayne, PA (July 17, 2019) — Newmark Knight Frank (NKF) released its second-quarter 2019 industrial market reports for Greater Philadelphia and the I-81/78 Corridor. New supply was the foremost topic as the total construction pipeline across the two markets increased by 5.4 million square feet. Also, notably, the I-81/78 Corridor realized a rare quarter of negative absorption. However, market activity indicates overall fundamentals in the two regions will remain strong throughout the remainder of the year.

In the second quarter of 2019, the development pipeline in the I-81/78 Corridor industrial market expanded to a record-breaking 18.6 million square feet. Although there are millions of square feet of tenant requirements in the market, the decade-long streak of positive absorption finally broke this quarter due to struggling national retailers closing regional distribution centers. 1.1 million square feet of negative absorption was recorded, and 2.1 million square feet of new speculative inventory delivered vacant. As a result, vacancy jumped from 6.3 percent to 7.1 percent quarter over quarter, its highest measure in three years. The Central Pennsylvania submarket was responsible for the largest share of negative absorption with Sears and Kmart closing warehouse facilities in the region. The Lehigh Valley submarket accumulated 337,211 square feet of new tenancy driven by third-party logistics firms and maintained its standing as the epicenter of new development, with more than 6.5 million square feet of construction underway. In Northeastern Pennsylvania, the supply pipeline nearly doubled this quarter, from 3.5 to just under 6.5 million square feet, the highest quarterly construction total on record for the submarket. Speaking on the subject of this substantial increase, NKF Executive Managing Director Jim Belcher noted, “Warehouse users want to be in the Lehigh Valley, but the tightening labor supply is a real issue. This is starting to drive developers and tenants up into Northeastern Pennsylvania.”

Major big-box occupancies are slated to occur next quarter, which will eclipse the negative absorption sustained in the second quarter and ensure the Corridor market concludes the second half of the year on a positive note.

In Greater Philadelphia’s industrial market, 2.4 million square feet broke ground in the second quarter, driving the supply pipeline up to 7.3 million square feet, a five-year high. There was construction underway in every one of the eleven counties that comprise the tri-state regional market, with the Southeastern Pennsylvania counties responsible for the largest share. Commenting on the expansion of the construction pipeline, NKF Managing Director Justin Bell said, “the majority of Southeastern Pennsylvania’s warehouse inventory was built before 1980. This new supply of efficient, high-bay space will be a boon to the market’s warehouse users.”

Average asking rents skyrocketed in the Greater Philadelphia industrial market this quarter reaching $6.33 per square foot, up almost a full dollar from last quarter. This was largely a function of newly established rates on R&D/flex space at the rebranded and repositioned Discovery Labs complex in the Philadelphia suburbs.

Occupancies in recently completed warehouse space predominantly drove the quarter’s net absorption, totaling 1.8 million square feet. Market-wide vacancy, down 30 basis points from the first quarter to 5.1 percent, is expected to hover in the low 5.0 percent range through the rest of the year, while pent-up demand in the market for modern logistics space continues to drive the absorption of new additions to the inventory.

In the Southern New Jersey industrial market, ecommerce giant Amazon yet again represented the largest quarterly move-in, taking possession of the 650,000-square-foot warehouse at 240 Mantua Grove Road upon its completion. Aside from the development focus on the warehouse sector in South Jersey, a significant manufacturing project was launched in the market this quarter: ResinTech broke ground on a $130.0 million global HQ in Camden County, which will be used to consolidate multi-state operations when complete in 2020. Moving westward into the New Castle County market, available industrial space is as scarce as it can be with vacancy at 2.7 percent in the second quarter. This tightness has driven average asking rents beyond $5.00 per square foot for the first time ever.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

# # #

Intact Vascular Announces Launch of the Tack Endovascular System® in the EU and First Commercial Use in Germany

Amanda Nardi

WAYNE, Pa.–(BUSINESS WIRE)–Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, today announced the first commercial use of its Tack Endovascular System® in multiple hospitals within Germany. A novel therapy for dissection repair following balloon angioplasty, the Tack® implant is a first-of-its kind device for patients with peripheral arterial disease (PAD) and/or critical limb ischemia (CLI).

“The Tack System provides a much needed therapeutic option for treating dissections in the superficial femoral or popliteal arteries following balloon angioplasty,” said Dr. Christian Wissgott, Assistant Director, at Westküstenklinikum Heide in Heide, Germany. “I am very pleased with my experience using the implant and I am excited to incorporate this technology into my above and below the knee treatment algorithms going forward.”

Read more.