|By Marketwired .||
|August 5, 2014 09:12 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/05/14 -- Orange Capital, LLC, through Orange Capital Master I, Ltd., which is an investment fund managed by it (collectively "Orange Capital") acquired, by way of private placement, ownership and control of 16,666,667 common shares (each a "Share") of Tuckamore Capital Management Inc. ("Tuckamore") at a price of $0.80 per Share, for total gross proceeds of $13,333,333.60 (the "Private Placement"). The Private Placement was completed pursuant to the terms of a subscription agreement (the "Subscription Agreement") dated July 25, 2014 among Tuckamore and Orange Capital and a letter agreement between the parties as of August 1, 2014. Based on the 96,941,241 common shares of Tuckamore outstanding after completion of the Private Placement, Orange Capital holds 17.2% all of the issued and outstanding common shares of Tuckamore. The Shares acquired are the only shares of Tuckamore currently held by Orange Capital.
Orange Capital acquired the Share for investment purposes. Orange Capital may, in the future, take such actions in respect of its holdings as it deems appropriate in light of the circumstances then existing. The Subscription Agreement and related letter agreement have been filed with the Canadian securities regulators and are available on www.sedar.com under Tuckamore's profile.
About Orange Capital
Orange Capital is a New York based investment firm. The firm is a value-oriented investor in event-driven securities. Orange Capital, LLC was co-founded in 2005 by Daniel Lewis and Russell Hoffman. Prior to founding the firm, Orange Capital's portfolio manager, Daniel Lewis, was a director with Citigroup's Global Special Situations Group.
Orange Capital's address is 1370 Avenue of the Americas, 23rd Floor, New York, NY 10019. For further information, including to obtain a copy of the report filed with the Canadian securities regulatory authorities in respect of which this news release relates, please contact Daniel Lewis, Managing Partner of Orange Capital, LLC, at 212-375-6040.
Orange Capital, LLC
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Oct. 26, 2014 01:00 AM EDT Reads: 2,714
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
Oct. 25, 2014 05:00 PM EDT Reads: 1,735
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
Oct. 25, 2014 11:45 AM EDT Reads: 1,854
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
Oct. 25, 2014 10:00 AM EDT Reads: 1,731
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
Oct. 25, 2014 10:00 AM EDT Reads: 1,792
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
Oct. 25, 2014 08:00 AM EDT Reads: 1,801
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
Oct. 24, 2014 09:30 PM EDT Reads: 1,449
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Oct. 24, 2014 09:00 PM EDT Reads: 1,279
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Oct. 24, 2014 07:00 PM EDT Reads: 1,550
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...
Oct. 23, 2014 11:30 PM EDT Reads: 1,747