Kursverdoppelung bei Actua Corporation (vorm. Internet Capital)

http://www.freeborders.com/grc/  

http://www.ariva.de/internet_capital_group-aktie/...131&t=quarter  

The four core-companies
.

Core Consolidated
ICG holds controlling stakes (greater than 50%) in the companies listed below. These companies comprise our Consolidated financial results:


(92%)
GovDelivery is the leading provider of government-to-citizen communication solutions. GovDelivery’s digital subscription management solution provides organizations with a fully-automated, on-demand public communication system. Organizations using GovDelivery provide citizens with better service and access to relevant information by proactively delivering new information through email, mobile text alerts, RSS and social media channels. GovDelivery’s clients include the U.S. Departments of Defense, State, Labor, Transportation, Treasury, Homeland Security, Justice, Health and Human Services, state agencies across 30 states, the cities of Washington, D.C., and Minneapolis and hundreds of other organizations across the public sector.


(96%)
Founded in 1996 and based in Chicago, MSDSonline is a leading provider of on-demand EH&S compliance solutions, offering products and services for managing and authoring material safety data sheets (MSDSs), managing hazardous chemical inventories, reporting workplace incidents, training employees and administering other critical EH&S information. The company’s mission is to provide sustainable solutions that help customers improve employee safety, streamline compliance and reduce potential exposures to workplace hazards and risks. MSDSonline has been recognized for the last five years on Inc. magazine’s list of America’s 5,000 fastest-growing private companies.


(85%)
Procurian, the procurement outsourcing specialist, is driving a fundamental change in the way today’s businesses achieve financial agility and fund growth. Procurian is the only procurement outsourcing specialist with superior market intelligence integrated into an operational approach, resulting in hundreds of millions of dollars in realized savings.


(53%)
Headquartered in New York and founded in 2000, SeaPass Solutions offers solutions that enable insurance carriers, agents, brokers, wholesalers and consumers to better connect, communicate, and manage the business. With a singular focus of enhancing the quality and timeliness of communications between insurers their distribution channels and customers, SeaPass provides consumer and agent portals, comparative rating systems as well as distribution platforms for all types of Property and Casualty Insurance.


ICG ownership positions are calculated on a primary basis and shown as of December 31, 2012, with the exception of Investor Force, which was sold on Jan. 29, 2013, and Channel Intelligence, which was sold on Feb. 20, 2013. Less
.  

http://finance.yahoo.com/news/...p-price-target-raised-142851315.html  

Communications to Communicate Urgent Information With Citizens

Press Release: GovDelivery – Wed, Feb 27, 2013 10:00 AM EST.. .

ST. PAUL, Minn., Feb. 27, 2013 (GLOBE NEWSWIRE) -- GovDelivery, a leader in cloud-based communication solutions for government, continues to illustrate its commitment to facilitate and maximize direct connections between the public sector and citizens. GovDelivery recently released a new e-book titled "Leveraging Digital Communications for Emergencies" to provide government organizations with important advice and tools to improve notification and dissemination of urgent information to citizens.

"There is probably nothing more critical than having the ability to reach as many citizens and stakeholders as possible in an urgent situation," said Scott Burns, CEO and co-Founder of GovDelivery. "Utilizing digital communications for emergencies has proven to be an effective, efficient method to ensure public safety, and in some cases, such as Hurricane Isaac and Hurricane Sandy, has actually saved lives. Leveraging more than a decade of experience helping government agencies maximize their direct connections with the public, this e-book helps guide the public sector through the strategies and tactics they need to most effectively communicate in emergency situations."  

an Freeborders:  

Posting anhängen:

http://www.pcworld.com/article/261839/...borders_cfo_paul_machle.html  

Für mch war die folgende Info wichtig:

Number of employees total: about 1,000


Denn was im Rahmen eines Interviews mit dem CFO vorkommt, müsste ja diese Info eigentlich auch stimmen. Das ist für mich ein Mosaiksteinchen, um in die Dimensionen des Wertes dieses Unternehmens zu gelangen, was zugegebenermaßen recht schwierig ist.

Man müsste halt eben auch die Verteilung auf die einzelnen Länder kennen, denn Wertschöpfung pro Beschäftigten ist in den USA auch heute noch ein Vielfaches eines chinesischen Bechäsftigen.  

http://globenewswire.com/news-release/2013/01/30/...livery-Study.html  

Procurian Announces Contract Renewal with Hertz : Hertz will continue to leverage Procurian's Specialized Procurement InfrastructureTM to support and enable Hertz’s indirect procurement strategy across the company’s North American and European business units
Procurian Announces Contract Renewal with Hertz

Monday, February 27, 2012

PHILADELPHIA – February 27, 2012 – Leading comprehensive procurement solution provider Procurian, formerly ICG Commerce, today announced that it has renewed its relationship with The Hertz Corporation. Hertz and Procurian began working together in 2005, and under the new five-year agreement, Hertz will continue to leverage Procurian's Specialized Procurement InfrastructureTM to support and enable Hertz’s indirect procurement strategy across the company’s North American and European business units. The program will continue to support Hertz’s cost reduction goals by driving increased savings and efficiencies while allowing the company to focus on core competencies.

“Continuing our relationship with Procurian attests to the strength of our partnership to date,” said Todd Poste, vice president, Global Procurement & Administration, The Hertz Corporation. “Over the past five years, our joint team has not only achieved but exceeded our business targets. Through the partnership, we have gained greater visibility and more control over our indirect spend.”

“Hertz’s dedication to driving performance improvements and efficiencies is impressive,” said Carl Guarino, CEO of Procurian. “We are very pleased to be supporting these efforts and look forward to contributing to Hertz’s continued success  

First - Accretive Platform Acquisitions:
•Completed Media IQ and UAI tuck-in acquisitions, strengthening Procurian’s Marketing and Energy practices

http://www.icg.com/default/assets/File/Presentations/webcast4Q12.pdf  

Second - Ownership Increases & Streamlining of Businesses:
•Completed tender offer for Procurian shares, increasing ownership in Procurian to 85%  

First - Accretive Platform Acquisitions: Completed Media IQ and UAI tuck-in acquisitions, strengthening Procurian’s Marketing and Energy practice

Second Ownership Increases & Streamlining of Businesses: Completed tender offer for Procurian shares, increasing ownership in Procurian to 85%

Third - Strategic Investments in Operations:
• Released a new version of customer portal SavingsLink and business intelligence tools at Procurian
• Rebranded Procurian to capitalize on unique, industry-leading value proposition and established UK and European sales and marketing team leads
• Expanded lead generation capabilities of the businesses of Procurion
• Launched central European buying center for procurement business
• Opened Procurian delivery centers in Buenos Aires and Shanghai
• Signed 7 new clients during the year, including market-moving wins with Zurich and Harley Davidson
• Extended or expanded relationships with 24 clients, including a 4-year renewal with a key CPG client  

in Q4/2012 nicht mehr berichtet, weil man offensichtlich die vier größten Beteiligungen stärker verschmelzen will, so dass man hier auf Q3 zurückgreifen muss:

Last detals about revenues was reported about Q3/2012 in the slide presentation during the Conference Call:

• Q3 revenues grew 26% to $37.5 million compared with $29.9 million in Q3 2011

• Q3 EBITDA of $5.7 million compared to $5.4 million in Q3 2011

• Completed the acquisition of Utilities Analyses, (UAI) a company focusing on comprehensive energy services that help clients cut utility costs and achieve ongoing savings in both regulated and deregulated environments

• Signed a new multi-year, multi-million dollar contract, as well as a key customer in the energy management space, and expanded contracts with three existing customers

• Total spend under management was $28 billion at the end of Q3  

Ich habe die 37,% Millionen von Q3/2012 genommen (da Angaben über Q4) nicht vorliegen und stat dem Wachstum von 26% in 2012 nur eines von ca. 19% angesetzt - und daher den Umsatz von Quartal zu Quaartal um 4,5% steigen lassen (1,045 hoch 4 = ca. 1,19 = ca. 19%):

Dann ergaben sich folgende Umsatzzahlen (in Millionen) für die einzelnen Quartale:

Q3/2012: 37,5

Q4/2012: 39,2

Q1/2013: 41,0

Q2/2013: 42,8

Q3/2013: 44,7

Q4/2013: 46,7

Die Addition der vier Quartal in 2013 ergibt einen Wert von 175,2 Milllionen. Wegen der niedrigen angenommen Wachstumsquote können es aber auch sehr leicht 180 werden.  

2013 Guidance (GAAP Revenue ($M)) for the four core-companies (Procurian, MSDSonline, Govdelivery and Seapass) is 210 and 220 million by a growth-rate in the average of 26% - 32%.

My estimates for the revenuesin 2013 in detail:

Procurian = 175 million

MDSonline = 17 million

Govdelivery = 16 million

Seapass = 7 million  

Umsatz von Freeborders in 2012 gelegen haben.

Information about Freeborders

Provides global consulting, technology, and outsourcing services, with a service model that blends Eastern and Western business practices and broad knowledge of the U.S., European, and Chinese markets.
2012 STATISTICS
3-year growth:11%
2011 Revenue:$29 million
2008 Revenue:$26.2 million
Employees:1000
Jobs added, prev. 3 years:392
Founded:1999
Location:San Francisco, CA
Industry:IT Services

Source: You may know us for publishing Inc. Magazine, which for more than 30 years has been the premier print publication for entrepreneurs and business owners.

With over a decade of successful engagements, and an exceptional client list, Freeborders continues to seek ways to bring greater value to our clients and our colleagues. We have built a solid reputation as one of the world’s best IT Service providers.

Freeborders’ colleagues are the key to our success. We take great pride in the fact that our clients tell us they choose Freeborders because of our knowledge, skills, ideas and know-how.

What makes us unique is a leadership team with significant experience using proven outsourcing processes and methodologies from India and the US – and the implementation of that knowledge through our CHINDUSTM delivery model.

As an organization we are committed to educating, energizing and inspiring our colleagues. This means recruiting the best people in the industry, investing in their training and professional development, and grounding them in our core values. By fostering an environment of collaboration, knowledge sharing and idea generation, we will continue to have the best people to bring our most relevant and innovative thinking to our clients each day.

After my estimates the revenues in 2012 was between 35 and 40 million.  

of InvestorForce and Channel Intelligence in early 2013.

We believe that our existing cash and cash equivalents, after giving effect to the approximately $73 million in cash received related to sales of InvestorForce and Channel Intelligence in early 2013, are sufficient to fund our cash requirements for the foreseeable future, including any future commitments to our companies, debt obligations and general operating requirements equivalents. As of the date of this Report, we were not obligated for any material funding and guarantee commitments to existing companies or potential acquisition candidates. As a part of our capital allocation program, we may continue to evaluate acquisition opportunities and may acquire additional ownership interests in new and existing companies in the next twelve months. We may also use cash to repurchase shares of our common stock.  

einmal um 73 Millionen erhöhten Kassenbestand für weitere Rückkäufe im momentanen Dip - obwohl das früher, wo ich das noch eindringlicher gefordert haben, bei noch niedrigeren Kursen noch effizienter gewesen wäre.  

Hoffentlich pennt das Management nicht wieder wie bei früheren Gelegenheiten mit Rückkäufen bzw. das Problem ist, dass sich Rückkäufe für das Managment unter Gehaltsgesichtspunkten nicht so lohnen wie anderweitige Investionen - für die Aktionäre aber schon, wenn wie bei ICG Group der Fair Value bei $20 liegen dürfte.  

ICG is a B2B software and solutions provider with businesses in procurement, government, compliance and insurance and a strong recurring revenue base.  

Procurement: Procurian

Government & Compliance: Govdelivery and MSDSonline

Insurance. Bolt (former Seapss)

• Leverage market intelligence and deep data streams to automate complex workflow and drive efficiencies
• Large, under-penetrated market opportunities
• Strong recurring revenue base
• Strong growth and accelerating earnings Less  

2008
Repurchased
1.9 million shares
Per share Cost
$4.75
Total: $9.3 million

2009
Repurchased 0.5 million shares
Per share Cost $5.45
Total: $2.7 million

2010
Non repurchased

2011
Repurchased 0.8 million shares
Per share Cost $10.17
Total: $8.6 million

2012
Repurchased 0.9 million shares
Per share Cost $8.94
Total:  $8.3 million

2013
Expected to
repurchase
at least $10M

Update: Since our Feb. 2013
earnings call, we have deployed
$1.2 M to repurchase
91,700 shares at an average price
of $13.10 per share.

Total (planned): 10.0 million  

Da könnte man ruhig etwas zulegen.  

Procurian Research Shows How Big Business Can Save on Energy Consumption
.

PHILADELPHIA – April 22, 2013 – Earth Day traditionally focuses on individuals and the collective efforts they can take at home and at work to cut down on their carbon footprint. However, according to new research from Procurian, a comprehensive procurement solutions firm that helps Fortune 1,000 companies reduce spend and get more value from their expenditures, it’s big business that has the most significant opportunity to make a major environmental impact. With 50 percent of all the energy in the U.S. being used by businesses, Procurian has released an infographic detailing ways the industrial sector can save energy, money and reduce environmental impact this Earth Day.

“We are challenging companies today to take a look at the way they approach their energy management and make a commitment to changing their sustainability goals,” said Carl Guarino, CEO of Procurian. “From negotiating better utility rates or improving analytics to monitoring energy consumption, CFOs can make proactive energy management decisions that generate sustainable cost reductions for years to come and make a considerable environmental impact.”

The research found that a 15 percent reduction in energy consumption at just one average U.S. industrial facility would be the equivalent of taking roughly 215 cars of the road or powering 350 homes for one year.

Procurian energy experts leverage proprietary market intelligence to manage billions in energy spend across more than 70 clients, helping them achieve sustainable reductions in energy consumption and energy costs.