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MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, is pleased to announce that it entered into a strategic term sheet (“Term Sheet”) agreeing to several restructuring transactions with Hazel Partners Holdings, LLC (“Hazel”), Virage Capital Management (“Virage”), and their respective affiliates. These initiatives are designed to reduce costs of the Company through a New Servicer entity (as defined below), deleverage the Company by converting certain debt of significant creditors into equity and release $1.2 billion of debt guaranteed by the Company, provide access to $9.75 million of bridge funding to the Company (of which $6.5 million remains available through July 2025) and up to $25 million working capital for New Servicer, and to focus the Company's operations, through the New Servicer, on the core busines
Partner Location Transitions Endpoint Management to High Wire's Overwatch Platform and Will Offer Full-suite of Cybersecurity Solutions to Clients Partner Location Transitions Endpoint Management to High Wire's Overwatch Platform and Will Offer Full-suite of Cybersecurity Solutions to Clients
BURLINGTON, Mass.--(BUSINESS WIRE)--N-able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver security, data protection as-a-service, and unified endpoint management, today announced its second annual MSP Horizons Report in partnership with leading channel analyst firm, Canalys. The report—which summarizes the top findings from research with MSPs across the globe—reveals a sharp projected uptick for managed services growth driven by a number of key factors, incl.
TROY, Mich., Oct. 08, 2024 (GLOBE NEWSWIRE) -- KellyOCG® , the outsourcing and consulting group of Kelly, has been named a Leader on Everest Group's 2024 PEAK Matrix® assessments for both Contingent Workforce Management (CWM) / Managed Service Provider (MSP) and Services Procurement.
LifeWallet Acquires Assignment of Additional MSP Claims with an Overall Paid Amount Exceeding $10.
OCOEE, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- iCoreConnect Inc. (NASDAQ: ICCT), a prominent cloud-based software and technology provider dedicated to enhancing workflow efficiency and profitability through its enterprise and healthcare platform, today announced it has entered into an agreement to divest its Managed Service Provider (“MSP”) Division to The 20, LLC through an asset sale.
CORAL GABLES, Fla.--(BUSINESS WIRE)-- #MSPRecoveryLawFirm--MSP Recovery Law Firm Files Class Action on Behalf of Auto Dealers & Consumers Against CDK Global Over Data Breaches at 15,000+ Auto Dealerships.
SEATTLE--(BUSINESS WIRE)--Syncro introduces AI-powered Smart Ticket Management Solution for MSP and IT operations.
OpenText Cybersecurity 2024 Global Managed Security Survey reveals enterprises and SMBs Need Holistic and Composable Security WATERLOO, ON , June 10, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX: OTEX) today released the findings of its annual OpenText Cybersecurity Global Managed Security Survey. The 2024 survey of over 1,500 Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) found that the majority (92.5%) see increasing AI-led security and threat intelligence services as the major drivers of business growth over the next 12 months.
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has launched MSP Evolve, a resource designed to optimize operational excellence and accelerate business growth for the unique needs of MSPs.