|By PR Newswire||
|April 17, 2014 04:34 AM EDT||
NEW YORK, April 17, 2014 /PRNewswire/ -- SpringOwl Gibraltar Partners B Ltd (together with its affiliates, "SpringOwl"), the owner of 42,850,000 shares of bwin.party digital entertainment plc (LSE: BPTY), representing approximately 5.25% of BPTY's issued ordinary shares, announced today that it intends to propose for election four new independent Directors to the Board of BPTY at the forthcoming Annual General Meeting of BPTY. It is not currently intended that these new Directors would replace any existing Director of BPTY. The proposed new Directors have significant experience in online gaming, technology and the US banking system.
"SpringOwl has made numerous attempts to work with the incumbent Board of BPTY to facilitate a reconstitution of the Board to ensure accountability to shareholders. Unfortunately, the incumbent Board has chosen to seek to maintain the status quo. We believe shareholders have become disillusioned by ongoing declines in business metrics as the Board approves incremental equity grants," said Jason N. Ader, Chief Investment Officer of SpringOwl.
"We are seeking to add four highly qualified candidates to the Board who are committed to i) restoring an alignment between the actions of the Board and the BPTY shareholders, ii) adopting best practices of corporate governance and iii) working with Management to pursue any and all alternatives available to maximize long-term shareholder value," he continued.
The proposed new Directors, who are accomplished in their respective fields with a diverse set of experience necessary to effect meaningful change, are:
- Michael B. Fertik
Michael Fertik is the CEO, Chairman, and Founder of Reputation.com. He has been named Entrepreneur of the Year by TechAmerica, World Economic Forum Technology Pioneer and a member of the WEF's Global Agenda Council on the Future of the Internet. Mr. Fertik is the named inventor on multiple patents in the fields of technology and data science. He is the author of the bestselling book Wild West 2.0 (AMACOM 2010) as well as the upcoming Reputation Economy (Crown 2015). He is a regular contributor to Harvard Business Review, Forbes, Inc., Scientific American, Bloomberg, CNBC, BBC and the LinkedIn Influencer blog on topics including entrepreneurship, technology, innovation, data-driven leadership and Silicon Valley.
- Francis X. Grady
Mr. Grady is the founder of Grady & Associates (founded in 1994), a boutique law firm devoted to the representation of banks throughout the United States. Mr. Grady provides bank regulatory, corporate and securities law representation to banking organizations in matters involving bank supervision, payment and credit card processing, bank regulatory enforcement actions, executive compensation and shareholder relations. Prior to founding Grady & Associates, Mr. Grady held positions with the law firms Seeley, Savidge & Aussem; Hahn, Loeser & Parks and Muldoon, Murphy & Faucette. Mr. Grady began his career in the Honors Attorney Program at the Federal Deposit Insurance Corporation in Washington, DC, where he worked from 1984 to 1986.
- Kalendu Patel
Kal Patel is a private venture capital investor and advisor to emerging disruptive technology companies. From 2012 to 2013, Mr. Patel was Executive Vice President and a Member of Executive Committee of LRN Inc., with responsibility for global strategy and operations. From 2011 to 2012, Mr. Patel was a London-based Partner and Senior Advisor of VantagePoint Capital Partners, a venture capital firm focused on Energy/Resource Innovation, Information Technology and Healthcare, where he led the firm's global strategic partner initiative. From 2003 to 2011, Mr. Patel was a senior executive at Best Buy Co., Inc., where he rose to become Chief Strategy Officer and President and Chief Executive Officer of Best Buy Asia as well as running the Company's Best Buy Venture Capital Fund. Prior to Best Buy, Mr. Patel served as a Senior Partner at Strategos Inc, CA, strategy innovation consulting firm. Prior to Strategos, Kal worked at KPMG Consulting, where he co-founded and led the Business Transformation Practice. Mr. Patel was born in Kenya and raised in Zambia and the United Kingdom.
- Steven M. Rittvo
Steven Rittvo is the founder of The Innovation Group of Companies and has served as the Chief Executive Officer of a number of the individual component companies since the founding in 1999. The Innovation Group is an integrated service organization focused on the terrestrial and online casino and gaming industry. Its clients, in over 65 countries, include National and State Governments, publicly and privately owned casino and gaming operators and equipment providers and leading financial institutions. The services provided by The Innovation Group of Companies include project feasibility studies, financial analysis, development of marketing plans, restructurings and reorganizations, operational and situational audits, financing and M&A advisory. Mr. Rittvo has been identified by Global Gaming Magazine as "One of the 10 Most Influential People in Gaming." An acknowledged thought leader in online gaming, Mr. Rittvo founded iGaming North America, the first major US-centric Internet Gaming conference. Mr. Rittvo also produced and published the first comprehensive, nationwide survey of internet gamers in the United States. He is a frequent expert witness on gaming-related issues and has testified before numerous legislative and licensing bodies on both state and national levels. Mr. Rittvo previously served as a Director of Gametech Corporation.
ABOUT SPRINGOWL GIBRALTAR PARTNERS B LTD
SpringOwl Gibraltar Partners B Ltd., the ("Fund"), is a Cayman Islands exempted company formed December 18, 2013. SpringOwl Associates LLC (the "Investment Manager"), a New York limited liability company which is the Investment Manager to the Fund, commenced operations in 1970, under the name of Cumberland Associates, and is wholly owned and controlled by SpringOwl Asset Management LLC ("SpringOwl"), a Delaware limited liability company founded in 2013. The principal owners of SpringOwl are Jason N. Ader and Andrew M. Wallach.
SOURCE SpringOwl Asset Management LLC
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jan. 18, 2017 05:30 PM EST Reads: 4,847
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Jan. 18, 2017 05:00 PM EST Reads: 1,121
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
Jan. 18, 2017 05:00 PM EST Reads: 106
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
Jan. 18, 2017 04:45 PM EST Reads: 4,869
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 18, 2017 04:45 PM EST Reads: 5,359
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Jan. 18, 2017 04:45 PM EST Reads: 4,511
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Jan. 18, 2017 04:30 PM EST Reads: 4,694
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
Jan. 18, 2017 03:45 PM EST Reads: 4,665
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 18, 2017 03:30 PM EST Reads: 3,667
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Jan. 18, 2017 03:30 PM EST Reads: 3,398
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 18, 2017 02:45 PM EST Reads: 1,585
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
Jan. 18, 2017 02:15 PM EST Reads: 972
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Jan. 18, 2017 02:00 PM EST Reads: 377
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Jan. 18, 2017 02:00 PM EST Reads: 922
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jan. 18, 2017 01:00 PM EST Reads: 5,594