Category Archives: Tms

The UN COP26 climate summit in Glasgow has come to a close and it has been declared a success from the Indian perspective. India got its way through a last-minute change in wording about coal, but has been accused of weakening efforts to end coal power. Is the criticism towards India warranted?

During the pandemic last year, when the lockdown was clamped and movement restricted, small business owners were looking for ways to stay afloat. And so were microfinance institutions which lend money to them. With a sharp dip in lending and a rise in the number of small units defaulting on payments, the microfinance sector had to weather a storm. As economic activities are gathering momentum again, how is the microfinance sector is faring now?

The long queues of vehicles dotting the highways at toll plazas have now vanished. And so are the travails of buying a pass at every booth. Vehicles now zip past the boom barriers as the hassle of purchasing tokens has now given way to smooth ride. Thanks to the FASTag technology. A small sticker glued on the vehicles windshield has changed the way we travelled on national highways. In October this year, the toll tax collection through the newly-introduced FASTag technology hit an all-time high of Rs 3,356 crore. So, what exactly is FASTag and how does it work?

Listen to these and more in todays Business Standard Morning Show podcast.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Follow this link:

TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTagss - Business Standard

The persuasive North America Terminal Management System (TMS) Market research report is a proven and consistent source of information which gives telescopic view of the existing market trends, emerging products, situations and opportunities that drives business towards the success. This industry report also provides company profiles and contact information of the key market players in the key manufacturers section. The industry analysis report serves the clients to tackle every strategic aspect including product development, product specification, exploring niche growth opportunities, application modelling, and new geographical markets. The top notch North America Terminal Management System (TMS) market report is organized by collecting market research data from different corners of the sphere with an experienced team of language resources.

Accurate intelligence can be obtained with the SWOT analysis given in the first class North America Terminal Management System (TMS) market report that guide businesses identify opportunities as well as both internal and external influences. With an excellent secondary research expertise and the ability to find correct information sources, such as local government websites and publications, the report has been produced. The personalized research process is designed to create North America Terminal Management System (TMS) report according to the customers goals, establishing research parameters prior to beginning data collection to ensure that the team gathers only pertinent data, keeping costs aligned with the businesss budget.

Get Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=north-america-terminal-management-system-tms-market

Terminal management system (TMS) is use to manage the products distribution including gas, chemicals, oil, alcohols and renewable fuels. The operational terminal management system includes some activities such as terminal automation for process controls and business administration which helps to smoothen the enterprise activities. This system offers detection, control and management of the whole product handling process including from receiving material to storage and distribution. The data integration solution consists of auto control and business management activities which help to decrease overall procedure cost and ultimately enhance efficiency, productivity and safety. Now-a-days, operators are looking for centralized and integrated terminal management solutions which can able to control various sites. The mobility, cloud, industrial internet of things (IoT), cyber security, safety and analytics becomes necessary for customers.

North America terminal management system (TMS) market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.

Segmentation:North America Terminal Management System (TMS) Market

North America terminal management system (TMS) market is segmented into four notable segments which are offering, project, application and vertical.

Leading Key Players Operating in the North America Terminal Management System (TMS) Market Includes:

Some of the major players operating in the North America terminal management system (TMS) market are ABB, Honeywell International, Inc, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens, ION, Agidens International NV, akquinet AG, Dearman Systems, Inc., EDS Systems O, Emerson Electric Co., Endress+Hauser Management AG, General Atomics, Implico, Larsen & Toubro Infotech Limited, Oceaneering International, Inc., Offspring International Limited, PumpingSol, Ramboll Group A/S, Schneider Electric, SGS SA, i.Dohmann GmbH among others.

Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) @https://www.databridgemarketresearch.com/toc/?dbmr=north-america-terminal-management-system-tms-market

Aims of the North America Terminal Management System (TMS) study:

Reasons to Buy:

Inquire Before Buying This Research [emailprotected]https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=north-america-terminal-management-system-tms-market

About Us:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Data Bridge Market Research provides appropriate solutions to complex business challenges and initiates an effortless decision-making process.

Contact:

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email [emailprotected]

Read the original post:

North America Terminal Management System (TMS) Market 2021 Key Development To Be Observed Industry States And Outlook Across By 2028 Energy Siren -...

Walmart has used TMS to both save money and reduce carbon emissions

Last year, Rebecca Hendersons, Reimagining Capitalism in a World on Fire, was on the short list for Financial Times and McKinsey Business Book of the Year Award. The premise of the book by this Harvard business professor is that capitalism is making our society increasing unstable as the middle classs income is being reduced while the wealthy are becoming ever richer. More ominously, humanity is on a path toward destroying the planet. To solve these problems, she argues, business needs to play a proactive role.

One of the companies she holds up as a positive example of a big company addressing environmental, social, and governance (ESG) issues is Walmart. That is probably surprising to a lot of people. A few years ago, for example, my oldest child explained to me that Walmart was a malignant force. I, on the other hand, touted their ESG performance.

Walmart has been on an ESG journey since 2005. But then, according to the book, something unexpected happened. Walmart found that saving energy was making the company a great deal of money.

That is not surprising to me. Ive long argued that implementing a transportation management system (TMS) is a great way to save money while going green. Walmart has used a variety of different TMS solutions over the years. At Retail Industry Leaders Associations (RILA) conference in 2020, a Walmart executive talked about how they were now standardizing on a TMS solution from Blue Yonder. At Blue Yonders virtual forum this April, the senior vice president of supply chain, spoke of how Walmart was using a variety of supply chain solutions from Blue Yonder. At this conference, the executive also spoke about ongoing efforts to improve their transportation capabilities.

But while I have made the argument that implementing TMS was a no-brainer saving money and reducing emissions the author was able to quantify the savings! By 2017, Walmart had met its goal of doubling the transportations fleets efficiency. This led to savings of more than a billion dollars a year in transportation costs. That was around four percent of their net income in that year! The authors calculations were that the retail behemoth received at least a 13 percent rate of return on capital at a time when many retail companies scramble to make 5 or 6 percent.

Ms. Henderson sums up the Walmart case study by saying, Walmarts breakthrough came from focusing on the everyday operational details of the business from a profoundly different perspective.

The journey toward saving money while reducing emissions from transportation is, however, getting more difficult for retailers. The convenience of ecommerce can lead consumers to order just one or two items for delivery to their home, instead of saving fuel by going to the store and filling a cart. This is the next transportation obstacle that Walmart, and other retailers, need to hurdle.

View original post here:

Walmart in a World on Fire - Logistics Viewpoints - Logistics Viewpoints

TORONTO--(BUSINESS WIRE)--Greenbrook TMS Inc. (TSX: GTMS, NASDAQ: GBNH) (Greenbrook or the Company), today announced its third quarter 2021 (Q3 2021) operational and financial results. All values in this news release are in United States dollars, unless otherwise stated.

THIRD QUARTER 2021 OPERATIONAL AND FINANCIAL HIGHLIGHTS

Bill Leonard, President and Chief Executive Officer of Greenbrook commented:

Q3 2021 presented specific challenges early in the quarter, with patients delaying treatment during the first open summer season since the onset of COVID-19 and a surge in the delta variant in late summer. Despite these challenges, we saw continued growth in both consolidated revenue and patient treatments in the quarter as compared to Q3 2020 as well as a strong bounce back in patient volumes in October 2021, tracking toward the record volumes that we experienced last quarter. We are also very excited about the acquisition of Achieve TMS East and Central as a foundation for future growth in New England and the central United States, and the promising prospects of the continued roll-out of our Spravato program to more of our active TMS Centers which we believe will enhance profit margins by optimizing the utilization of our current TMS Centers. These moves build on our long-term strategy of utilizing our growing network of TMS Centers and affiliated physicians as a services platform to deliver innovative treatments to patients suffering from mental health disorders. We believe that our business fundamentals remain sound, and we are positioned better than ever to serve the need for mental health support across the country, which we believe is at an all-time high.

SELECTED THIRD QUARTER FINANCIAL AND OPERATING RESULTS (1)

Selected Financial Results

(US$) (unaudited)

Q3 2021

Q3 2020

YTD 2021

YTD 2020

Total revenue

13,130,245

12,006,570

38,150,632

33,215,627

Regional operating income (loss)

249,057

967,584

(321,722)

1,482,182

Loss before income taxes

(3,452,023)

(7,667,755)

(18,026,678)

(21,643,193)

Loss for the year and comprehensive loss

(3,452,023)

(7,667,755)

(18,026,678)

(21,643,193)

Loss attributable to the common shareholders of Greenbrook

(3,517,250)

(7,636,132)

(17,919,629)

(21,271,910)

Net loss per share (basic and diluted)(2)

(0.22)

(0.57)

(1.23)

(1.69)

Notes:(1) Please note that additional selected consolidated financial information can be found at the end of this press release.(2) On January 12, 2021, the shareholders of the Company approved a special resolution for an amendment to the Companys articles and authorized a consolidation (the Share Consolidation) of the Companys outstanding Common Shares on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares. The Share Consolidation was completed on February 1, 2021. The Company has retrospectively presented net loss per share calculations reflecting the number of Common Shares outstanding after giving effect to the Share Consolidation.

Selected Operating Results

As at September 30,

As at September 30,

As at December 31,

(unaudited)

2021

2020

2020

Number of active TMS Centers(1)

127

114

116

Number of TMS Centers-in-development(2)

4

11

9

Total TMS Centers

131

125

125

Number of management regions

13

13

13

Number of TMS Devices installed

214

191

198

Number of regional personnel

350

286

305

Number of shared-services / corporate personnel(3)

58

47

49

Number of TMS providers(4)

126

113

117

Number of consultations performed(5)

10,561

7,718

11,305

Number of patient starts(5)

4,762

4,017

5,445

Number of treatments performed(5)

164,870

141,584

195,992

Average revenue per treatment(5)

Continue reading here:

Greenbrook TMS Reports Third Quarter Operational and Financial Results - Business Wire

Company to host conference call and webcast on Thursday, November 18, at 8:30 am ET

LYON, France, November 10, 2021 - EDAP TMS SA (Nasdaq: EDAP), the global leader in therapeutic ultrasound, today announced that it will release its financial results for the third quarter ended September 30, 2021 after the markets close on Wednesday, November 17, 2021.

An accompanying conference call and webcast will be conducted by Marc Oczachowski, Chairman of the Board and Chief Executive Officer, Ryan Rhodes, Chief Executive Officer of EDAP U.S.A., and Franois Dietsch, Chief Financial Officer. The call will be held at 8:30am ET on Thursday, November 18, 2021. Please refer to the information below for conference call dial-in information and webcast registration.

Conference Call & WebcastThursday, November 18th @ 8:30am Eastern TimeDomestic:877-451-6152International: 201-389-0879 Passcode:13724088Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1503943&tp_key=7d846a9985

About EDAP TMS SA

A recognized leader in the global therapeutic ultrasound market,EDAP TMSdevelops, manufactures, promotes and distributes worldwide minimally invasive medical devices for various pathologies using ultrasound technology. By combining the latest technologies in imaging and treatment modalities in its complete range of Robotic HIFU devices,EDAP TMSintroduced the Focal One inEuropeand in the U.S. as an answer to all requirements for ideal prostate tissue ablation. With the addition of the ExactVu Micro-Ultrasound device, EDAP TMS is now the only company offering a complete solution from diagnostics to focal treatment of Prostate Cancer. EDAP TMS also produces and distributes other medical equipment including the Sonolith i-move lithotripter and lasers for the treatment of urinary tract stones using extra-corporeal shockwave lithotripsy (ESWL). For more information on the Company, please visithttp://www.edap-tms.com, andus.hifu-prostate.com.

CONTACTS:Blandine ConfortInvestor Relations / Legal AffairsEDAP TMS SA+33 4 72 15 31 50bconfort@edap-tms.com

Investor ContactJohn FrauncesLifeSci Advisors, LLC917-355-2395jfraunces@lifesciadvisors.com

Visit link:

EDAP TMS SA to Announce Third Quarter 2021 Financial Results on Wednesday, November 17, 2021 - GlobeNewswire

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth.

The new capital investment in Magnus will accelerate growth for the company's enterprise Software-as-a-Service (SaaS) TMS platform in the $700 billion domestic truckload, less-than-truckload, and freight logistics market.

"Most TMS suppliers are still using an outdated client-server technology stack. This requires transportation companies to make large, up-front investments in hardware and software and endure long implementation cycles," said Matt Cartwright, Chief Executive Officer of Magnus Technologies. "Our modern, SaaS-based TMS platform delivers unmatched functionality at higher levels of security, stability and efficiency."

Magnus chose to partner with LKCM Headwater for the private equity firm's solid understanding and experience in transportation and logistics, among other industrial sectors, to help Magnus tackle the complexities of growth.

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth. In the case of Magnus, we see an incredible opportunity to partner with Matt and his team to bring an already robust and forward thinking TMS platform to the broader market," said Jonathon Miller, Principal of LKCM Headwater, a private equity firm based in Fort Worth, Texas.

Transportation companies that use legacy client-server TMS have SaaS-based versions of electronic logging devices (ELDs), fuel payments, and many other systems. Cartwright sees an accelerated migration to SaaS-based TMS now that a full, enterprise-class platform is available and can be rapidly deployed by trucking and logistics operations.

"We are super focused on doing fast implementations so our customers will experience minimum disruption," Cartwright said.

Magnus has a deep-rooted history in developing a SaaS-based TMS that meets the complex business needs of auto haulers. In 2017 the company received an initial investment from Carlyle to expand the platform in the full trucking and logistics market.

BCG Digital Ventures invested in 2019, helping Magnus further expand and deepen its TMS to meet the needs of truckload carriers of all sizes. Today the Magnus TMS is used by motor carriers and logistics providers that collectively process billions in freight transactions annually.

Chris Stutzman, Managing Director and Partner, BCG Digital Ventures added, "We are thrilled to be part of Magnus' story, having engagedin the pre-Series Aphase to help shape the product roadmap and business plan to scale."

With the new Series A investment, Magnus will continue to improve its already mature TMS platform with features that give transportation and logistics companies a competitive edge. Magnus is also expanding teams in sales, product implementation and support.

About Magnus Technology GroupMagnus Technology Group, headquartered in Austin Texas, has 20 years of experience designing, developing, and delivering enterprise TMS software. Magnus is the first software provider in the transport and logistics industry to offer an enterprise SaaS-based TMS that is affordable and scalable to fleets of all sizes. The all-new Magnus TMS platform is modular and works seamlessly with the Magnus Driver App and Magnus Carrier Advantage network to deliver a complete, end-to-end mobile dispatch and order fulfillment solution to truckload and LTL fleets for maximizing profitability and growth.

To learn more visit http://www.magnustech.com

SOURCE Magnus Technologies

magnustech.com

Originally posted here:

Magnus announces Series A Financing to Accelerate Growth in Trucking Industry - PRNewswire

COVID-19 Vaccination/Booster Clinics

Multiple dates are available for people to receive the COVID-19 vaccination or a booster shot at the Edward King House Senior Center. To schedule an appointment, visit vaccination.org, edwardkinghouse.org, or call 401-846-7426, x1.

Shots are available at the following times:

Nov. 15, 11 a.m. to 2 p.m., Janssen & Moderna

Nov. 16, 3 to 6 p.m., Janssen & Pfizer-BioNTech

Nov. 22, 11 a.m. to 2 p.m., Janssen & Pfizer-BioNTech

Nov. 29, 11 a.m. to 2 p.m., Janssen & Moderna

Nov. 30, 3 to 6 p.m., Janssen & Pfizer-BioNTech

Thompson Veterans Day Assembly

At the fifth annual fifth grade Thompson Middle School Veterans Day assembly, the Rogers JROTC was joined by the TMS band in opening the program and teacher Melissa Turner was the emcee. Representative Marvin Abney, Major U.S. Army, Ret. was the keynote speaker. His military career included both U.S. and worldwide assignments. He was joined by his wife, Cheryl a retired Thompson nurse and guidance counselor.

The main portion of the program was recognition by a dozen of the fifth grade students who introduced veterans they wished to honor, some were dads, grandfathers and friends, including Thompson band leader Don Chilton, Retired Navy Senior Chief, and a mom, Meghan Kennerly who served on an aircraft carrier in Iraq and Afghanistan. Two students, Stevie and Alexis, read a poem titled, Honoring Our Military.

Thanks were given to all the honored veterans, school committee members and guests in attendance with a special thanks to Rogers Retired Col. Chris Corbett. The assembly concluded with band playing the TMS fight song and singing happy birthday to Rep. Abney.

Middletown Pop Warner Cheerleaders Going to Nationals

For the first time in its 38-year history, a cheerleading team from Middletown Pop Warner has earned the right to compete at the Pop Warner National Cheerleading Championships in Orlando, Florida. The junior varsity team, comprised of 19 girls from Middletown and Newport, will represent Middletown on the national stage on Dec. 6. In an effort to offset the cost of the trip, the team will be participating in a variety of fundraisers, including a pasta dinner on Nov. 28. The team is also seeking T-shirt sponsors and donations for a silent auction. Anyone interested in sponsoring the team or making a donation can contact Middletown Pop Warner president, Tracey McGowan, at 401-855- 0508, or email middletownislanders1@gmail.com. Donations can also be sent through Venmo to Middletownpopwarner.

Toll Lane Changes

The Rhode Island Turnpike and Bridge Authority (RITBA) announced that the open-road tolling lanes at the center of the Pell Bridge toll plaza will be expanded to two lanes in each direction beginning Nov. 11, and the extreme outside lanes will then be closed.

Because the transition to all-electronic tolling is complete, RIBTA is able to increase the number of open-road tolling lanes. The formerly gated, outside lanes will be closed in each direction as construction continues.

Tolls collected through RITBA issued E-ZPass transponders will continue to be charged at the published discounted rates. If a vehicle is not equipped with a valid transponder, the owner will receive a toll invoice in the mail for $4 for a passenger vehicle, $2 per axle, through Nov. 30. Effective Dec. 1, vehicles not utilizing a valid E-ZPass transponder will receive an invoice in the mail for $6 for a passenger car, $3 per axle. To register for an E-ZPass, visit ezpassritba.com.

J. Howard McGrath Crowley Series Talk

The Museum of Newport Irish History will hold the third talk in its 20th annual Michael F. Crowley Lecture Series on Nov. 15, at 6 p.m., via Zoom.

The talk, titled Cheers to Eire: The Political Life of J. Howard McGrath, will be presented by Dr. Debra A. Mulligan, Roger Williams University professor and author of Democratic Repairman: The Political Life of James Howard McGrath. McGrath was Rhode Island governor during the 1940s.

The virtual lecture is free, but reservations are required to receive the Zoom login information. To register, visit the lectures page at newportirishhistory.org. Seats to attend in person at the Wayfinder Hotel are limited. To inquire about availability, contact Ann Arnold at newportirishhistory@gmail.com or call 401-841-5493.

2021 Grand Marshal Presentation

The 2021 Newport St. Patricks Day Parade Grand Marshal, James Jimmy Winters, will be presented the traditional black thorn walking stick, which the grand marshal carries while leading the parade, on Nov. 13, at 1:30 p.m., at Hibernian Hall. Although the 2020 and 2021 parades were cancelled, Winters will lead the parade along with 2020 grand marshals Brent Ryan and Derek Luke, as well as the 2022 designee, to be announced soon.

A donation of $10 is suggested to help defray expenses. The annual T- shirt and pint glasses with this years parade logo will available for sale. For more information, contact Dennis Sullivan at 401-846-5081 or email dennis@newportirish.com.

See more here:

BRIEFS - Newport This Week

MALVERN, Pa., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced its financial and operating results for the third quarter of 2021.

Third Quarter 2021 Highlights

As previously announced, third quarter 2021 revenue of $13.8 million, an increase of 11% over third quarter 2020

In September, entered into a five-year contract extension with Success TMS, in which the Company will be the exclusive supplier of TMS equipment to Success TMS

Despite lower than anticipated revenue during the third quarter primarily due to COVID, we have continued to make solid progress on our strategic initiatives to drive future growth. Most notably, we signed two agreements with national accounts to exclusively use NeuroStar Advanced Therapy for Mental Health to treat MDD patients, said Keith J. Sullivan, President and Chief Executive Officer of Neuronetics. Looking ahead to the balance of the year, we will be focused on helping our existing customers treat more patients, the maturation of our sales force, implementing marketing campaigns, and continuing to progress our regulatory filings related to potential label expansions and additional indications. While the results of our strategic initiatives have taken longer than expected, we remain highly enthusiastic about the opportunity to expand upon our market leading position to bring the benefits of NeuroStar Advanced Therapy for Mental Health to as many patients as possible who are suffering from mental disorders.

Story continues

Third Quarter 2021 Financial and Operating Results for the Three Months Ended September 30, 2021

Revenues by Geography

Three Months Ended September 30,

2021

2020

Amount

Amount

% Change

(in thousands, except percentages)

United States

$

13,280

$

12,029

10

%

International

519

419

24

%

Total revenues

$

13,799

$

12,448

11

%

As previously announced, total revenue for the three months ended September 30, 2021 was $13.8 million, an increase of 11% compared to the three months ended September 30, 2020 revenue of $12.4 million. During the quarter, total U.S. revenue increased by 10% and international revenue increased by 24% over the prior year quarter. The U.S. revenue growth was driven by an increase in U.S. treatment session revenue and the international revenue growth was driven by an increase in international NeuroStar Advanced Therapy System sales.

U.S. Revenues by Product Category

Three Months Ended September 30,

2021

2020

Amount

Amount

% Change

(in thousands, except percentages)

NeuroStar Advanced Therapy System

$

2,612

$

2,541

3

%

Treatment sessions

10,259

$

9,083

13

%

Other

409

$

405

1

%

Total U.S. revenues

$

13,280

$

12,029

10

%

U.S. NeuroStar Advanced Therapy System

Revenues by Type

Three Months Ended September 30,

2021

2020

Amount

Amount

% Change

(in thousands, except percentages)

NeuroStar Capital

$

2,277

$

2,438

(7

)%

Operating lease

30

$

88

(66

)%

Other

305

$

15

1,933

%

Total United States NeuroStar Advanced Therapy System revenues

$

2,612

Read more from the original source:

Neuronetics Reports Third Quarter 2021 Financial and Operating Results - Yahoo Finance

AUSTIN, Texas, Nov. 8, 2021 /PRNewswire/ --Magnus Technologies, an enterprise trucking and logistics management software provider, announces the completion of its Series A growth financing with LKCM Headwater. The new funding builds on previous investments by global investment firm Carlyle (NASDAQ: CG) and BCG Digital Ventures, the corporate innovation and business building arm of Boston Consulting Group.

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth.

Magnus has 20 years of experience developing and deploying enterprise transportation management software (TMS) platforms for truckload and less-than-truckload carriers of all sizes, beginning with a market leading TMS solution for auto haulers.

The new capital investment in Magnus will accelerate growth for the company's enterprise Software-as-a-Service (SaaS) TMS platform in the $700 billion domestic truckload, less-than-truckload, and freight logistics market.

"Most TMS suppliers are still using an outdated client-server technology stack. This requires transportation companies to make large, up-front investments in hardware and software and endure long implementation cycles," said Matt Cartwright, Chief Executive Officer of Magnus Technologies. "Our modern, SaaS-based TMS platform delivers unmatched functionality at higher levels of security, stability and efficiency."

Magnus chose to partner with LKCM Headwater for the private equity firm's solid understanding and experience in transportation and logistics, among other industrial sectors, to help Magnus tackle the complexities of growth.

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth. In the case of Magnus, we see an incredible opportunity to partner with Matt and his team to bring an already robust and forward thinking TMS platform to the broader market," said Jonathon Miller, Principal of LKCM Headwater, a private equity firm based in Fort Worth, Texas.

Transportation companies that use legacy client-server TMS have SaaS-based versions of electronic logging devices (ELDs), fuel payments, and many other systems. Cartwright sees an accelerated migration to SaaS-based TMS now that a full, enterprise-class platform is available and can be rapidly deployed by trucking and logistics operations.

"We are super focused on doing fast implementations so our customers will experience minimum disruption," Cartwright said.

Magnus has a deep-rooted history in developing a SaaS-based TMS that meets the complex business needs of auto haulers. In 2017 the company received an initial investment from Carlyle to expand the platform in the full trucking and logistics market.

BCG Digital Ventures invested in 2019, helping Magnus further expand and deepen its TMS to meet the needs of truckload carriers of all sizes. Today the Magnus TMS is used by motor carriers and logistics providers that collectively process billions in freight transactions annually.

Chris Stutzman, Managing Director and Partner, BCG Digital Ventures added, "We are thrilled to be part of Magnus' story, having engagedin the pre-Series Aphase to help shape the product roadmap and business plan to scale."

With the new Series A investment, Magnus will continue to improve its already mature TMS platform with features that give transportation and logistics companies a competitive edge. Magnus is also expanding teams in sales, product implementation and support.

About Magnus Technology Group

Magnus Technology Group, headquartered in Austin Texas, has 20 years of experience designing, developing, and delivering enterprise TMS software. Magnus is the first software provider in the transport and logistics industry to offer an enterprise SaaS-based TMS that is affordable and scalable to fleets of all sizes. The all-new Magnus TMS platform is modular and works seamlessly with the Magnus Driver App and Magnus Carrier Advantage network to deliver a complete, end-to-end mobile dispatch and order fulfillment solution to truckload and LTL fleets for maximizing profitability and growth.

To learn more visit http://www.magnustech.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/magnus-announces-series-a-financing-to-accelerate-growth-in-trucking-industry-301418830.html

SOURCE Magnus Technologies

View post:

Magnus announces Series A Financing to Accelerate Growth in Trucking Industry - inForney.com

It's the fifth anniversary of demonetisation today. On November 8, 2016, Prime Minister Narendra Modi had taken the country by surprise when he had announced that the Rs 500 and Rs 1,000 currency notes would no longer be legal tender. It led to a countrywide-wide rush as people lined up before banks to exchange or deposit their hard-earned money. Primarily aimed at eliminating black money, the historic event impacted the economy in several other ways too. While digital payments took off in a big way on the one hand, currency with the public is at an all-time high on the other. This report takes a look at how some of the key indicators have progressed since demonetisation. From now on, more information about your income and transactions will be uploaded in Form 26AS by the income-tax department.

So, what does that mean for you and your wallet? With the earnings season now drawing to a close, and the US Federal Reserve suggesting that it is planning to roll back its $120-billion-dollar-a-month stimulus programme started to help the pandemic-battered economy, the focus for Indian markets this week will shift to domestic triggers. However, with red flags around valuations and inflation, and gradual withdrawal of liquidity standing tall, should you start booking profit. With no clarity yet on the exact contents and also on the fate of the proposed Bill on cryptocurrency, there is one thing that the government and the RBI are sure about, the benefits of its underlying technology called blockchain. According to some reports, the proposed Bill plans to leverage blockchain. RBI Governor Shaktikanta Das has also said that the blockchain technologys benefits should be exploited. In fact, various state governments are already using blockchain to store education and land records and even exploring its use in elections. So what exactly is blockchain technology? Listen to these and more in todays Business Standard Morning Show podcast.

Watch Video

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

View post:

TMS, Ep 37: 5 years of since demonetisation, Form 26AS, and blockchain tech - Business Standard