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  Cradlepoint and NetMotion Form Global Technology Alliance, Offering Secure Wireless Connectivity and Seamless User Experience to Mobile Workforces Everywhere

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NetMotion and Cradlepoint today announced a technology alliance relationship that will give customers in public safety, transportation, healthcare, utilities and other mobile workforce-oriented industries access to the companies complementary and interoperable range of best-in-class network solutions, allowing them to deploy quickly and with complete confidence. Combining Cradlepoints strengths in cloud-delivered wireless edge networks and NetMotions full suite of mobile connectivity, analytics and operational intelligence solutions, the worlds rapidly growing mobile workforce will have access to integrated, always on, always protected, always optimised connections that help improve everything from productivity and user experience to safety and security.

A majority of first responders in North America have already deployed solutions from Cradlepoint, NetMotion, or both, with a combined international footprint that is rapidly expanding. With 5G technology promising to be an enormous catalyst for the continued growth of mobility, Cradlepoint and NetMotion are ideally positioned to help first responders and other mobile workforces quickly and reliably establish a persistent network connection that is fast and secure while enabling an exceptional user experience.

We cant afford to compromise when it comes to public safety, said Adrian Hutchinson, superintendent, Mobile Technology, London Metropolitan Police Service. Thats why weve invested in solutions from Cradlepoint and NetMotion that ensure fast, efficient, reliable and secure communications with our officers at critical times, allowing them to spend more time on the streets helping and protecting the public. Were changing the game in the way we fight crime and bring offenders to justice, making our community and our officers safer as a result.

Perhaps no other mobile workforce is more dependent on fast, resilient and secure wireless connectivity for their productivity and safety than first responders, said Donna Johnson, vice president of Product and Solutions Marketing at Cradlepoint. This is the catalyst behind our alliance with NetMotion, the recognised leader in software-based mobile performance and operational intelligence solutions for the public safety market. Together, we are providing integration and interoperability between our network services so that first responders have a mission-critical in-vehicle network they can rely on for fast and reliable application connectivity when they need it most.

Over the last decade, weve witnessed incredible demand for mobility products that improve the user experience, especially in fields such as public safety and mass transit, said Christopher Kenessey, chief executive officer at NetMotion. Now, with the help of Cradlepoints incredibly powerful NetCloud services, NetMotions Mobility solution works hand in hand to meet the needs of an exploding mobile worker market. This partnership will enable NetMotion to significantly expand its customer base, particularly in industries where in-vehicle solutions are required.

As the workforce becomes increasingly mobile, Cradlepoint NetCloud and NetMotion Mobility provide an optimised, always-on platform with enhanced features that give end users rapid, seamless transitions between available WiFi and cellular networks, unique data compression, optimisation and more. Meanwhile, IT teams gain valuable visibility into network conditions even outside the organisations firewalls, enabling dynamic prioritisation of traffic to enhance business-critical applications. The solutions also make it possible to identify mobile performance issues, monitor application usage trends, and monitor data consumption and cost.

For more information about the partnership between Cradlepoint and NetMotion, visit: https://netmotionsoftware.com/cradlepoint/

Visit Cradlepoint and NetMotion at FBINAA 2019, booth 212, to learn more about how our network solutions can help todays mobile workforce stay connected.

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About Cradlepoint

Cradlepoint is the global leader in cloud-delivered wireless edge solutions for branch, mobile, and IoT networks. Cradlepoints Elastic Edge„¢ vision powered by NetCloud services provides a blueprint for agile, pervasive and software-driven wireless WANs that leverage 4G and 5G services to connect people, places and things everywhere with reliability, security, and control. More than 25,000 enterprise and government organisations around the world, including 75 percent of the worlds top retailers, 50 percent of the Fortune 100, and first responders in 10 of the largest U.S. cities, rely on Cradlepoint to keep critical branches, points of commerce, field forces, vehicles, and IoT devices always connected and protected. Major service providers use Cradlepoint wireless solutions as the foundation for innovative managed network services. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with a development center in Silicon Valley and international offices across EMEA and Australia.

Learn more at cradlepoint.com or follow us on Twitter¯@cradlepoint.

About NetMotion Software¯¯

NetMotion Mobile Performance and Operational Intelligence solutions give IT teams the ability to monitor, alert and dynamically make decisions using real-time data and analytics. Thousands of enterprises around the world depend on the companys solutions to improve the performance, visibility and security for their mobile workers. NetMotion has received numerous awards for its technology and customer support. The company consistently receives an impressive customer satisfaction Net Promoter Score (NPS) of 91, significantly exceeding NPS averages in the technology and telecom industries. The company is headquartered in Seattle, Washington. Visit¯www.netmotionsoftware.com or follow us on Twitter @NetMotion.

NetMotion, NetMotion Mobility, NetMotion Diagnostics and NetMotion Mobile IQ are registered trademarks of NetMotion Software, Inc. All other trade names, trademarks and registered trademarks are the property of their respective owners.¯¯

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Media contacts

Cradlepoint:

Ben Ralph, Touchdown PR

+44 (0)1252 717040

[email protected]

NetMotion:

Dan Walsh, MUSTARD PR

+44 (0) 7827 816 971

[email protected]

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Lument Provides $21.5 Million in Freddie Mac Financing for Affordable Housing in El Paso

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NEW YORK, Dec. 2, 2020 /PRNewswire/ — Lument, a national leader in commercial real estate finance,   announced today that it provided a $21.5 million Freddie Mac unfunded forward commitment loan to facilitate the substantial renovation of Jackie Robinson Memorial Apartments, an affordable multifamily property in El Paso, Texas.  Lument is the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group.

“By combining the Freddie Mac unfunded forward loan with tax credit equity and other soft funding sources, we were able to put in place an attractive debt structure to help improve these much-needed affordable apartments,” said Josh Reiss, director at Lument.

Originally built in 1975, Jackie Robinson is a 186-unit, 4% low-income housing tax credit (LIHTC) community in the Housing Authority of the City of El Paso (HACEP) portfolio. As part of the transaction, the property will receive Section 8 assistance that will facilitate the conversion to long-term, project-based voucher (PBV) rental assistance. Subsequently, all 186 units will be restricted to tenants earning income at or below 60% area median income (AMI).

The $21.5 million Freddie Mac loan features a low, fixed interest rate, 18-year term with three years of interest only, and a 35-year amortization schedule. The forward commitment term will be 30 months with one six-month extension.

Jackie Robinson will undergo substantial interior and exterior construction, including a gut renovation of all residential units, from new drywall to new kitchen appliances. In addition, exteriors will be improved with new windows and doors, repaired or replaced roofs, and new stair towers.

Construction began in October 2020 and is expected to be complete within 24 months.

Mr. Reiss and the Lument team have financed over 960 units in partnership with HACEP, totaling $41 million. Since 2015, the team has financed over $565 million in RAD transactions for a total of approximately 6,500 units.

About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, investment banking, and investment management solutions. Lument has approximately 600 employees in over 25 offices across the United States. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities. Member FINRA/SIPC. For more information, visit www.lument.com.

MEDIA CONTACT                                                                                                           
Michael Ratliff | Marketing Director
212-588-2163 | [email protected]

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SOURCE Lument

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Most Americans Ill-Equipped in Financial Retirement Planning: MoneyRates Survey

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FOSTER CITY, Calif., Dec. 2, 2020 /PRNewswire/ — Many Americans may be steering the Titanic without a map when it comes to retirement finances. A new MoneyRates.com survey finds a significant portion of the population understands very little about retirement planning and lacks essential information to make the right moves.  

The personal finance website polled 1,000 Americans who are either within 20 years of retirement age or have already reached that age. The results reveal roughly two-thirds of respondents haven't made any kind of projection of how their savings will hold up in retirement.

“A person's savings is a basic building block of retirement planning,” remarks Richard Barrington, MoneyRates' senior financial analyst and author of the survey. “One needn't be a financial expert to take control of retirement planning. People should take the initiative to get the help they need to feel comfortable with their retirement plan.”

Find the full study here: Investor Aptitude: Are You Ready to Manage Your Retirement Finances?

Key survey findings:

  • Most respondents (54.90%) haven't formulated a monthly budget for what they could afford to spend in retirement.
  • About one in four (25.80%) expect their retirement savings would last less than five years.
  • Nearly a quarter (23.10%) say if their retirement savings fall short, they'd simply go back to work again.
  • While just 20.95% of people who haven't started collecting Social Security intend to begin taking those benefits at age 62, well over twice as many – 49.28% – of those who had begun collecting Social Security did so at age 62.
  • A third of survey respondents (33.30%) admit they do not know much about retirement planning concepts.
  • Of the respondents who own stocks, more than a quarter (26.86%) don't know what percentage of their retirement savings those stocks represent.

“Stocks are the riskiest of all investments people own,” adds Barrington, “so it's rather shocking that roughly a quarter of those responding to our survey don't know how much they own in stocks.”

Since these survey results make it clear that many Americans need help with retirement planning decisions, MoneyRates suggests consumers use its resources, such as a retirement savings calculator and a guide on understanding robo advisors for assistance.

Methodology

MoneyRates commissioned a survey of 1,000 people, half aged 65 or above and half between the ages of 45 and 64. Thus, half of respondents had reached the traditional retirement age and half were within 20 years of reaching that age. Questions were designed to explore key retirement-planning decisions people face before and after they retire.

Barrington is available for interviews and can discuss this survey and many other issues related to personal finance.

About MoneyRates

MoneyRates is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. MoneyRates is a member of QuinStreet's expert Research and Publishing Division.

Since 1998, MoneyRates has served as a personal finance resource designed to help readers make the most of their money. In addition to a variety of financial calculators, MoneyRates.com researches and tracks CD, savings, and money market rates offered from over 400 financial institutions across the country to offer expert advice on banking, investing and retirement planning.

Twitter: @MoneyRates
Facebook: www.facebook.com/MoneyRatesdotcom

Media contact

Charlene Arsenault
Media Outreach Specialist
[email protected]
Direct +1-508-832-8918
LinkedIn

 

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SOURCE MoneyRates.com

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IPC Partners with Greenprint Capital to expand the Solar PPA offer throughout the United States

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ROCKY HILL, Conn., Dec. 2, 2020 /PRNewswire-PRWeb/ — Inclusive Prosperity Capital, Inc. (IPC), a mission-driven specialty finance organization working at the intersection of community development, clean energy finance, and climate impact is pleased to announce the closing of a tax equity partnership with San Diego-based Greenprint Capital, as well as a debt facility with the Connecticut Green Bank. Having launched these two partnerships, IPC is now able to acquire, develop, construct, and operate distributed solar projects throughout the United States. IPC's solar Power Purchase Agreement (PPA) provides direct financial savings to customers in underserved markets – small-scale commercial properties, houses of worship, affordable multifamily housing, and non-profits. IPC can be flexible to accommodate most commercial or community-scale customers.

“Launching a solar PPA platform has been a major component of IPC's strategy since our formation in 2018. Building on the many years in which our staff supported the Connecticut Green Bank's solar PPA program in Connecticut, IPC is well-positioned to deliver energy-saving solar PPAs to customers who might otherwise be overlooked by traditional financiers. We are thrilled to be partnering with Greenprint Capital and Connecticut Green Bank to achieve this major milestone in IPC's growth,” said Kerry O'Neill, IPC's Chief Executive Officer.

IPC's first four solar projects are in Connecticut, acquired from the Connecticut Green Bank, and include two schools, an Islamic center and a Boys and Girls Club. The projects total 495 kW and are anticipated to save the customers approximately $20,000 in their first year of operation. IPC's first four solar customers include:

  • Boys and Girls Club of the Lower Naugatuck Valley – 127 kW Rooftop Project
  • Bridgeport Islamic Community Center – 75 kW Rooftop Project
  • The Country School – 107 kW Rooftop Project
  • Washington Montessori School – 186 kW Rooftop Project

Bert Hunter, Connecticut Green Bank's Chief Investment Officer noted, “IPC will be one of our key partners in continuing to serve the Connecticut solar market. With this latest round of financing, we are confident IPC has the tools needed to manage the solar PPA partnership throughout the state of Connecticut and beyond. We are eager to see IPC replicate and expand upon the success the Connecticut Green Bank has had in creatively de-risking projects to provide access to previously credit-challenged potential solar customers.”

Antoine Bishara, Principal at Greenprint Capital, said, “IPC's focus on de-risking solar projects in underserved markets is a great fit for Greenprint's approach to tax equity investment. We see Greenprint's role in the market as leveraging our efficiency to lower financing costs and unlock the small and medium scale distributed solar market for tax investors. That efficiency is even more important when it results in lower PPA prices for important community organizations like IPC's customers.”

John D'Agostino, Director of Financing Programs at IPC said, “we are very excited about our first four projects in Connecticut and are grateful for the opportunity to serve four organizations whose missions align with our own. The Solar PPA projects will help these customers continue to provide a wide array of services to their communities. Greenprint's nimble and efficient approach to tax equity financing is a major reason we're able to make this possible. This partnership will allow IPC to provide financing solutions to commercial and community solar developers as well as energy savings to their customers. We hope to remain long-term partners and bring the success we've achieved with Greenprint in Connecticut to IPC's pipeline of solar projects throughout the country.”

About Greenprint Capital:
Greenprint is a professional advisory and consulting firm focused on structured tax credit and preferred equity investments in renewable energy projects. Greenprint and its financial partners invest in and support infrastructure development activities and seeks to serve all stakeholders involved

About the Connecticut Green Bank:
The Connecticut Green Bank was established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80. As the nation's first full-scale green bank, its mission is to confront climate change and provide all of society a healthier, more prosperous future by increasing and accelerating the flow of private capital into markets that energize the green economy. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. For more information about the Connecticut Green Bank, please visit http://www.ctgreenbank.com.

About Inclusive Prosperity Capital:
Inclusive Prosperity Capital, Inc. (“IPC”) is a not-for-profit investment fund scaling clean energy financing solutions that channels investment capital to program partners in communities that need it most. As a spin-out and strategic partner of the Connecticut Green Bank, IPC is focused on scaling its work in Connecticut and expanding its successful model nationwide by accessing mission-driven capital and partnerships. IPC operates at the intersection of community development, clean energy finance, and climate impact. We believe everyone should have access to the benefits of clean energy, helping to deliver Inclusive Prosperity.

Media Contact

Madeline Priest, Inclusive Prosperity Capital, +1 860-257-2891, [email protected]

 

SOURCE Inclusive Prosperity Capital

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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