Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

http://www.streetinsider.com/Upgrades/...)+to+Strong+Buy/7331268.html  

an dem Tag fällt, als die wertvollste Beteiligung Procurian, wo der Anteil von 81% allein schon weit mehr als die Marktkapitalsierung ausmacht, gigantisches Wachsum durch eine Mehr-als-Verdopperlung der neue Stellen signalisiert hat. Da müssen die Shortseller, die eindecken müssen, massiv geklotzt haben, um ein Laufen der Aktie zu verhindern. Für Investoren ergibt sich dadurch jedoch eine gigantisch gute Einstiegschance.


http://messages.finance.yahoo.com/Stocks_(A_to_Z)/...amp;frt=1#270010  

ein IPO an die Börse:

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/...amp;frt=1#270033  

wesentlich besser aus als bei allen anderen IPO's der letzten Monate.

Der Markt von Procurian wächst trotz hoher Wachstumraten in den letzten Jahren nachwievor stark:

"Procurement outsourcing deals will grow by 20 per cent in 2012 and expand to other areas of the supply chain such as order fulfilment, inventory management and logistics.

This is according to analysts at research firm Everest Group."


Umsatz, Umsatzwachstum und  Ebitda von Procurian in 2011 waren vom Feinsten:    

• 2011 revenues grew 19% to $120.6 million compared with $101.1 million in 2010

• 2011 EBITDA grew 30% to $22.2 million from $17.1 million in 2010

• Signed 5 new clients in 2011, as well as several key renewals, including Kimberly Clark and Timken

• Achieved over 100% of its savings targets for clients in 2011

• Rolling out SavingsLink to clients, which provides in depth visibility into realized savings

• Broadened global presence, expanding into Latin America, Europe and Asia and is building out a global sales team

• Launched Manufacturing Advisory Board


Im letzten Quartal sah es so aus: "Procurian reported $31.1 million of revenue for the fourth quarter of 2011, representing a 19% increase from the comparable 2010 period. Procurian’s EBITDA, excluding stock-based compensation and unusual items, for the quarter ended December 31, 2011 was $6.6 million, as compared to $6.4 million in the comparable 2010 period."


Daher könnten wir nach meiner Einschätzung für das erste Quartal in 2012 z.B. das folgende lesen: "Procurian will report $32.4 million of revenue for the first quarter of 2012. Procurian’s EBITDA, excluding stock-based compensation and unusual items, for the quarter ended March 31, 2012 will be 6.9 million."

Für den weiteren Verlauf von 2012 komme ich zu folgenden Einschätzungen:

Q2/2012: Revenues = 33.8 million, Ebitda = 7.2 million

Q3/2012: Revenues = 35.3 million, Ebitda = 7.6 million

Q4/2012: Revenues = 36.9 million, Ebitda = 8.0 million


Aus der Addition der Quartalsumsätze 32,4 + 33,8 + 35,3 + 36,9 Millionen ergeben sich insgesamt Umsätze von 138,4 Millionen für 2012.

Aus derAddition der Ebitda's von 6,9 + 7,2 + 7,6 + 8,0 Millionen ergibt sich ein positives Eibitda von 29,7 Millionen für 2012.


Damit ergibt sich eigentlich ein "Muss" für ein Ipo, um die unsinnige Unterbewertung der ICG Group-Aktie noch deutlicher offenzulegen. Meines Erachtens zieht jetzt auch nicht mehr die Argumentation, dass das Management nur an einer langfristigen Umsatzsteigerung interessiert sei, denn im Rahmen dieser Transaktion kann sich ICG Group finanzielle Mittel für Wachstum beschaffen.

Wenn im Rahmen dieses Ipo's 10% bis 15% der ausstehenden Aktien an den Markt kommen, reicht das für alle Beteiligten: 3% bis 5% der Aktien könnten zusätzlich neu ausgegeben werden und könnten unmittelbar in die Kasse von Procurian fließen. 3% bis 5% oder eventuell auch mehr könnten von der Unternehmensleitung und den Beschäftigen kommen, die immer noch 19% der Aktien halten (ICG Group die anderen 81%). Die anderen 3% bis 5% könnten von ICG Group kommen, deren Anteil dann von 81% auf 76% bis 78% sinken würde.  

vorher war es wenigstens noch ein Klangvoller Name: "Internet Capital Group" davon ist nix mehr geblieben, in Germany ist dieser Titel verbrannt ist ja auch an den Umsätzen zu sehen, praktisch tot dat Teil inclusive intaktem Abwärtstrend,
klarer Fall, Finger wech
gut das ich vor einem Jahr meine Pos halbiert habe  

ICG Increases 2012 Annual Guidance

WAYNE, Pa., April 16, 2012 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE - News) today announced that Procurian continued to make strong progress in the first quarter, signing three contracts that were in late stages of the pipeline at the beginning of the year. Given that these customer signings occurred late in the first quarter, Procurian will not begin to recognize a significant amount of revenue associated with these contracts until the second quarter of 2012.

"Delivering on the promising customer pipeline we described earlier in the year, we are excited to announce that Procurian has formalized long-term relationships with three leading global customers," said Walter Buckley, CEO of ICG. "This progress is a clear endorsement of the value of Procurian's unique offering, which helps its customers drive transformation in their procurement processes and sustainable changes to their cost structures."

As a result of ICG's recent acquisition of MSDSonline, as well as its improved visibility with respect to the remainder of 2012, ICG is increasing its 2012 guidance. ICG now expects to achieve annual core consolidated revenue in the range of $165 million to $175 million, up from its original revenue guidance range of $150 million to $160 million, and expects core consolidated EBITDA in the range of $17 million to $19 million, up from its original EBITDA guidance range of $16 million to $18 million. ICG expects MSDSonline to add approximately $12 million of revenue in 2012 from the date of acquisition through December 31, 2012, excluding the impact of purchase accounting. The majority of the impact of the new contracts at Procurian was already reflected in ICG's initial 2012 revenue guidance range, which was provided in connection with ICG's fourth quarter earnings call.  

dass w2505 an einer deutschen Börse nichts bekommen hat, denn er lässt offensichtlich immer derartige Postings los, wenn er kaufen will.

Angesicht der minimalen dabei vielleicht zu erzielenden Vorteile finde ich das schäbig.  

der Umsätze bei den drei bisherigen Kernbeteiligung gekommen, wenn man die 12 Millionen für MSDSonline vom Kaufzeitpunkt bis Jahresende herausrechnet. Denn der Ausblick hätte dann von 150 bis 160 Millionen auf 153 bis 163 angehoben werden müssen, wobei die Erhöhung von 3 Millionen Procurian zurechnet.  

http://www.streetinsider.com/Guidance/...2+Sales+Outlook/7346229.html  

Das Management ist nicht bereit, das momentan überaus günstige Zeitfenster für einen Ipo von Procurian zu nutzen. Verglichen mit anderen Tech-Ipos müsste bei 140 Millionen Umsatz und fast 30 Millionen positivem Ebitda in 2012 eine IPO-Marktkapitalisierung von mindestens 700 Millionen möglich sein.  

Base in 2011

http://www.prweb.com/releases/2012/2/prweb9216992.htm  

Orlando, FL (PRWEB) February 22, 2012

More than 80 leading manufacturers and nearly 200 of the world’s top consumer brands provide links to retailer “buy” pages in 29 countries with Channel Intelligence (CI) Where-to-Buy. CI announced this week that Where-to-Buy links tripled to almost a quarter million in 2011, which solidifies the company’s position as the industry leader for manufacturer and retailer marketing technology.  

http://www.freeborders.com/library/media-gallery/...ZLsE6Juxq3lQpR2b1

ICG Group hält 31% von Freeborders.  

Zurich Selects Procurian and Genpact to Manage Global Spend and Transform Procurement Across Organization

Contract Underscores Breadth and Depth of Procurian's Specialized Procurement Infrastructure

PHILADELPHIA, April 24, 2012 (GLOBE NEWSWIRE) -- Procurian, formerly ICG Commerce, and Genpact Limited (NYSE:G) announced today that they have been selected to deliver a global, comprehensive Source-to-Pay solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich), a leading multi-line insurance provider. Together with its long-standing partner Genpact, Procurian, the leading comprehensive procurement solutions provider, will help Zurich reduce costs and continuously optimize spending in the areas of IT, professional services, marketing, HR, facilities and travel.

Zurich will leverage Procurian's Specialized Procurement InfrastructureTM enhanced by Genpact's Smart Enterprise Processes (SEPSM) framework to transform Zurich's procurement capabilities globally. In partnership, Procurian and Genpact are focused on helping clients transform Procurement into a strategic function that delivers measurable savings and fuels growth.

Procurian will help drive further cost optimizations and generate greater value for Zurich's business. It brings a specialized infrastructure powered by deep supply market intelligence while Genpact brings a proven track record of maximizing the effectiveness of source-to-pay processes and deep domain expertise in the financial services and insurance industries.

"This contract brings together all of the elements required to extract value from a company's source-to-pay activities on a truly global scale, including the expertise to address all spend and capabilities and deploy an integrated solution across the client's worldwide operations," said Bill Huber, Partner, ISG.

About Procurian, Inc.

Procurian is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's built-out Specialized Procurement Infrastructure(TM) integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (ICGE - News) company. For more information, visit www.procurian.com.

The Procurian, Inc. logo is available at http://www.globenewswire.com/newsroom/pr...

About Genpact

Genpact Limited (NYSE:G), a global leader in business process and technology management services, leverages the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across the enterprise. Genpact's Smart Enterprise Processes (SEPSM) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact's Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 14 years, the company's 55,000+ professionals around the globe deliver services to its more than 600 clients from a network of 57 delivery centers across 16 countries supporting more than 25 languages. For more information, visit www.genpact.com, Follow Genpact on Twitter, Facebook and LinkedIn.  

https://procurian.tms.hrdepartment.com/cgi-bin/a/...s.timedate%20DESC  

..

CoreLogic Signs Five-Year, Multi-Million Dollar Contract Selecting Procurian to Optimize Spending Across the Organization

Information, Analytics and Business Services Leader Taps Procurian's Specialized Procurement Infrastructure to Improve Effectiveness and Efficiency
Press Release: Procurian, Inc – 1 hour 57 minutes ago.. .
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PHILADELPHIA, April 26, 2012 (GLOBE NEWSWIRE) -- Leading comprehensive procurement solution provider Procurian, formerly ICG Commerce, today announced that it has been selected to deliver a comprehensive procurement solution to CoreLogic, a leading provider of information, analytics and business services. Procurian will help CoreLogic continuously optimize spending in areas including consulting, benefits, temporary labor, postage and marketing. The five-year contract to manage annual spending will support CoreLogic's Project 30 cost reduction objectives.

"CoreLogic is focused on delivering strong revenue and earnings growth in 2012. To help achieve this objective, we have established aggressive cost reduction and workflow productivity targets," said Frank Martell, Chief Financial Officer of CoreLogic. "Because they possess deep category expertise across some of our largest areas of spending, we believe that Procurian is the right partner to help us meet our cost savings commitments."

CoreLogic will leverage Procurian's Specialized Procurement InfrastructureTM to enable its procurement strategy of establishing high performance capability to improve control, reduce its cost structure, and support business growth through more effective procurement. Procurian is solely focused on helping clients transform Procurement into a strategic function that fuels growth through measurable savings as well as supply market insights that optimize spending. Procurian's unique offering provides its clients access to all the components necessary to optimize indirect spend and achieve the highest levels of procurement excellence, including dedicated teams of specialists with deep category expertise, real-time market intelligence, comprehensive processes and a sophisticated set of proprietary tools and technology.

"The CoreLogic team has a very progressive view of the role of procurement and we're excited to help this forward-thinking market leader take procurement to the next level to meet their cost savings goals by harnessing the power of their spending," said Carl Guarino, CEO of Procurian. "This new engagement showcases the opportunity for many companies to significantly lower their spending in categories such as consulting, benefits, marketing and temporary labor."

About Procurian, Inc.

Procurian is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's built-out Specialized Procurement Infrastructure(TM) integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (ICGE - News) company. For more information, visit www.procurian.com.

The Procurian, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12383

About CoreLogic

CoreLogic (CLGX - News) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has approximately 5,000 employees globally. For more information visit www.corelogic.com.  

http://www.procurian.com/what-we-do/supported-categories/travel  

http://spendmatters.co.uk/...rs-proactis-procurian-announce-big-wins/  

Meanwhile, Procurian (the outsourcer formerly known as ICG Commerce) have been chosen by Zurich, the huge insurance firm, to deliver a,

“ global, comprehensive Source-to-Pay solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich)… Together with its long-standing partner Genpact, Procurian, the leading comprehensive procurement solutions provider, will help Zurich reduce costs and continuously optimize spending in the areas of IT, professional services, marketing, HR, facilities and travel.  Zurichwill leverage Procurian’s Specialized Procurement InfrastructureTM enhanced by Genpact’s Smart Enterprise Processes (SEPSM) framework to transform Zurich’s procurement capabilities globally..”

The value of the contract isn’t disclosed, but given the size of Zurich, I would have thought the categories in question are likely to have a spend value of perhaps slightly over a Billion Euros a year? So this is a significant win for Procurian, even more so because although Zurich are global, they are fundamentally a European company with significant operations in Europe (Zurich, London etc.) and quoted on the Swiss Stock Exchange.

Procurian have had Europe in their sights for a while, but most activity so far has been European subsidiaries of US firms – this appears to mark a new phase in their growth. It also supports our hypothesis that procurement outsourcing is finally on a real growth path. But it won’t be organisations outsourcing everything – rather, as in this case, it could well be very significant sub-sets of the entire procurement activity.  

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/...;tof=1&frt=2  

1st Quarter 2012 Highlights
•Core consolidated revenue grew 8% compared to Q1 2011, while core consolidated EBITDA was $3.0 million in Q1 2012, compared to $3.9 million in Q1 2011
•We acquired a 96% ownership stake in MSDSonline for approximately $48 million, building out our government and compliance sector
•Procurian, GovDelivery and InvestorForce transformed late stage pipeline opportunities into important contracts
•Expect accelerating growth beginning in the second quarter, which is reflected in the recent increase in ICG’s 2012 guidance
5  

überaus positiv sind allerdings die neuen Vertragsabschlüsse:

•Q1 revenues grew 5% to $30.5 million compared with $29.1 million in Q1 2011

•Q1 EBITDA of $3.8 million compared to $5.2 million in Q1 2011

•Signed 3 new multi-year, multi-million dollar contracts, two of which provide Procurian with a beachhead in the Financial Services Industry

•Zurich Financial Services - first deal signed with a client headquartered outside North America and groundbreaking in terms of bringing the company into the financial services sector and new geographies

•CoreLogic - a financial and information services firm

•Global company in manufacturing sector

•Expect accelerating growth throughout the remainder of the year

•Pipeline remains strong with a number of late-stage opportunities
Leading provider of Comprehensive Procurement Solutions  

Neuabschlüssen:

•Q1 revenue growth of 44% compared to Q1 2011

•Added over 4 million unique end-users during Q1, bringing total unique end users to 32 million

•Sent a record 1.1 billion messages to the public through the GovDelivery platform in Q1, compared with 874 million messages in Q1 2011

•Signed 16 new contracts

•Signed largest contract in company’s history with very large federal agency after a successful pilot involving expanded capabilities in collaboration, CRM, and transactional messaging

•Signed 8 new contracts in state and local market

•Secured 2 additional upsells with federal agencies involving expanded capabilities with GovDelivery platform and CSM functionality  

die wohl das kleinste Unternehmen unter den Beteiligungen sind (ca. 5 bis 6 Millionen Umsatz im Jahr) und 2011 nach meinen Beboachtung stagnierten. Auch aus den folgenden Aussagen lässt sich m.E. nicht viel herauslesen.

•Signed 4 new clients since beginning of 2012

•Accelerating sales traction since beginning of Q4, reflecting its emerging leadership in this space

•Met new business target for 2012 in Q1

•Successfully launched third money manager data product called Manager Fee Tracker  

•Acquired a 96% ownership stake for $48 million

•Expect revenues of approximately $16 million and profitability in 2012

•Leading provider of cloud-based solutions that help EH&S professionals more efficiently manage MSDS compliance and reduce potential workplace and environmental hazards

•Addresses very costly and timely pain point for companies using paper-based processes to fulfill burdens of EH&S regulations

•Compelling value proposition, strong track record of growth and very talented management team supports ICG’s belief that this is clear market leader
•Considerable size of largely untapped market estimated at over $650 million

•Enables ICG to expand presence in Government and Compliance arena to address the vast opportunities presented by inefficiencies in government and compliance-burdened organizations

•Expected cost synergies between ICG and this group include savings in accounting, insurance, marketing communications, treasury, legal and M&A services