DOCSLIB.ORG

UK Technology M&A Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

1 UK Technology M&A Review January 2021 GLOBAL TECH BANKING 2 3 • The strangest of years but massive Contents government stimulus in response to COVID-19 – whatever it takes Key • Interest rates fell to record lows and 3 Key Findings squeezed valuations even higher • Wave of cheap money fuelling strong Findings 6 Highlights equity markets -NASDAQ up 43% last year. FANG+ doubled 10 UK Technology M&A • Retail investors created bubbles in • Overseas buyers are still key in UK, 13 FinTech the likes of Bitcoin, Tesla and US and accounted for a record 48% of Cloud software IPOs deals in 2020 14 Legal & Compliance • Lots of UK Technology M&A activity, • Consolidation in Payments, Logistics, 15 Property Related over 700 deals. Q4 was up 6% YoY – Legal, Property, Education and digital near record volume transformation 17 Transport & Logistics • UK valuations rose again, 5x • Busiest acquirers in UK in 2020 were 19 Hardware revenues is increasingly common PE backed – such as Advanced, 19 Cybersecurity Access, Clearcourse but also included new buyers from Australia 21 IOT/AI & Machine Learning and Scandinavia 22 EdTech NASDAQ - WHAT CRISIS? • We have a vaccine, Donald has gone, Brexit is behind us – what can 23 Human Capital Management Tech possibly go wrong? 24 Cloud Software 13.5k 25 Information Management 12.5k 26 eCommerce 27 Communications 11.5k 30 ICT Managed Services 33 Computer Games 10.5k 34 Risers & Fallers 9.5k 36 US Technology M&A 8.5k 40 Alternatives – IPOs & Private Equity 7.5k 44 ICON Selected Deals 6.5k 5.5k 1/19 4/19 7/19 10/19 1/20 4/20 7/20 10/20 1/21 TECH M&A REVIEW v 4 5 No. GLOBAL 2 0 2 1 0 TECH M&A DEALS Q4 1 Key M&A 9 9 2 1 Statistics 3 6 2 . UK PRICE to EBIT (x) 2 6 / / 1 2 12mth AVERAGE 8 5 . 3 4 4 2 2,534 2 0 0 2 2 0 0 0 02 2 +9% 0 / 223 2020 6 9 21 9 01 18.4 201 9 6 No. UK TECH 2 37 8 No. GLOBAL % / / 5 M&A DEALS YEAR 4 6 TECH M&A DEALS YEAR 8 0 % 4 2 No. UK TECH 9 0 2 2 0 9 M&A DEALS Q4 2 1 0 1 0 1 UK PERCENTAGE of 2 7 / CROSS BORDER DEALS 7 7 711 8 8,696 9 1 0 -8% 2 -19 % 223 +6% 48% Key Macro D E NASDAQ C Statistics 3 20 1 0 2 2 31 0 1 C E 9 D 202 31 0 EC 9 D 6 0 2 3 US$/£ 47 0 . 6 6 1 / EXCHANGE RATE / 12,890 / 2 4 1 3 5 2 3 . 7 8 1 9 9 FTSE 1 0 +43% 9 BITCOIN (US$) 0 1 2 D 0 E 0 1 C 2 2 3 3 1 1 9 0 01 3 2 2 311 1 1 C 0 3 / 2 2 C 6 C 0 3 E E 1 1.36 D 1 1 E 3 D D E D C C DEC 3 31 1 E 2 2 6,472 0 D 1 +3% 9 0 29,000 2 0 4 0 1 0 6 DE 7 C 31 0 -14% / 2 9 NYSE FANG+ 01 2 4 9 +302% / FTSE techMARK 0 4 7 3 7 0 8 1 / 2 7 5 D 1 9 E 1 3 0 C UNICORNS 2 D 1 3 3 1 E C C E 2 6,311 D 0 3 2 1 4,070 0 2 0 +103% 2 -2% 513 0 TECH M&A REVIEW +17% 6 7 UK TECH M&A DEALS (No.) Highlights 248 227 223 210 2020 was the strangest of years, clearly Central Banks are doing “whatever it 206 199 192 COVID-19 has had a massive impact, takes” to reduce the economic impact of 192 disrupting life globally. Health has risen the pandemic. As a result, interest rates 168 165 to the top of the agenda but with mass are at record lows and look set to remain 163 vaccinations being rolled out in 2021, at near zero for the foreseeable future. there is light at the end of the tunnel. Many bonds are now negative yielding, 124 Microsoft Teams/Zoom and digital which has pushed more money into working have clearly boosted the Tech riskier assets. The Technology sector has sector, accelerating digital transformation again been a prime beneficiary. So, while “UK tech deals also by years and enabling Tech M&A activity the FTSE fell 14% last year, remarkably bounce back to near to continue relatively unaffected. The the NASDAQ was up over 40% and the report showcases the wide selection of FANG+ index doubled. While bond yields record highs – up Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 UK tech M&A deals that closed in 2020. stay super low, lofty valuations of growth 6% in Q4 2018 2019 2020 stocks are likely to persist. ” US 10-year bond yields are currently 1%. The last tech In UK there were 711 Tech M&A deals GLOBAL TECH market wobble in 2H18 was There is clearly a bubble led by private in 2020. Despite all the Brexit and COVID M&A DEALS (No.) caused when these yields investors in some assets. Just look at uncertainty, that is similar to both 2017 increased to 3%. So, the bitcoin and valuations of Tesla, Airbnb, and 2018 and only a slight drop on 2019, key to stretched valuations Zoom, Snowflake. Although the NASDAQ which was a record year. In fact, the is low interest rates. 2547 2534 PE of 25 is high, it is nowhere near dotcom recovery was so strong that 4Q20 was up 2486 2379 2364 bubble valuations. IPO volumes remain 6% YoY in UK. The acceleration in digital 2331 2344 2326 2289 2263 2213 quite subdued but there have been a few working in the M&A process with video- huge successes with record valuations conferencing, virtual data-rooms and (Snowflake on 150x revenues) and the Cloud computing has been key. Global tech deals emergence of the SPAC which raised 1685 “ a whopping $79bn in 2020. On top of UK Tech valuations continue to climb bounce back to near . Some valuations this wave of cash, driven by FOMO, US towards 20x EBIT are significantly higher, particularly for record levels in Q4 companies borrowed a record $2.5tn last ” higher growth, Cloud-based software year, driving leverage to an all-time high. businesses, with Keysight, Byggfakta, There is simply a tsunami of cheap funding RELX, Elmo, Tracsis and Broadridge, looking for a home. Many used these Ideagen and Aptean all paying over 5x funds to plug the hole created by COVID, revenues for UK targets. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 while others used the funds for M&A. As a 2018 2019 2020 result, there were 4,700 global tech M&A Accelerating digitalisation is ongoing and deals in 2H20, up 4% YoY and three of the is at the core of much of the UK M&A largest US deals were at valuation of more activity. In addition there are three main than 30x revenues. drivers in UK Tech M&A: TECH M&A REVIEW 8 9 • Overseas acquirers now account adaptable to external changes – which is PRICE/EBIT SECTOR SPLIT for a record high, representing 49% pretty handy in COVID. 2021 is the year of 24x of all Tech deals in UK (up from 37% the Metal Ox, and its message couldn’t be last year). Throughout 2020 we saw clearer: Success will come to those who Tech valuations 22x “ significant activity in the UK from work hard. Really hard. Oxen are reliable disconnect from Aptean, MRI Software, Descartes, and strong working animals. That sounds HelpSystems, Microsoft, Broadridge, encouraging, if a little dull. 20x Comms sector Accenture and Keysight, alongside ” Comms some newer names like Byggfakta (Scandinavia) ELMO (Australia) and 18x MessageBird (Holland). “Global Valuations jump above 20x EBIT 16x • Private equity ” funded buy-and- IT build programs 14x continued at pace, TECH M&A VALUATIONS – GLOBAL notably: ClearCourse 2.5x 25x 12x Partnership, Juniper Education, Advanced, 10x Access Group, Iris Price/revenue 2012 2013 2014 2015 2016 2017 2018 2019 2020 and Civica. They (LHS) seem to be pigging out on a wave of 2.0x 20x cheap money. TECH M&A VALUATIONS – UK • Restructuring. A 3.0x 28x series of restructurings started before COVID-19 hit and is 1.5x 15x Price/EBIT likely to continue as Price/EBIT (RHS) 2.5x (RHS) 23x businesses refocus. For example, in the UK Babcock sold its cyber arm, BT sold Tikit, and 1.0x 10x UK Valuations 2.0x 18x European operations, 2012 2013 2014 2015 2016 2017 2018 2019 2020 “ and Capita have also jump – now exited its Education We have a vaccine and we no longer have approaching and Legal software businesses to to deal with uncertainty of Brexit or ‘The 20x EBIT reduce debt. Elsewhere Sage, Equiniti, 1.5x 13x Donald’. Consequently, stock markets ” Admiral and Cobham have all sold have rallied globally. Yet the pandemic is non-core divisions. Price/revenue worsening and political tension is rising (LHS) Those who follow the Chinese zodiac in the US. What can possibly go wrong in 1.0x 8x will know that last year was the Year of 2021? Best to keep your head down and 2012 2013 2014 2015 2016 2017 2018 2019 2020 The Rat, an animal known to be highly work hard.
Recommended publications
  • Annual Report 2020 1

    Annual Report 2020 1

    THUNDERFUL GROUP ANNUAL REPORT 2020 1 ANNUAL REPORT 2020 GAMES | DISTRIBUTION WWW.THUNDERFULGROUP.COM THUNDERFUL GROUP ANNUAL REPORT 2020 2 This is a translation of the Swedish Annual Report. In the event of discrepancies, the Swedish version takes precedence. CONTENT ABOUT THUNDERFUL GROUP ....................................................... 3 CORPORATE GOVERNANCE REPORT ...................................... 33 CEO COMMENT .............................................................................. 5 THE SHARE ..................................................................................... 38 GROUP STRATEGY & TARGETS ......................................................7 NOTES .............................................................................................50 BUSINESS SEGMENT GAMES ........................................................11 AUDITORS REPORT ........................................................................70 BUSINESS SEGMENT DISTRIBUTION ..........................................19 BOARD OF DIRECTORS ................................................................73 INVESTMENT CASE ....................................................................... 23 MANAGEMENT ............................................................................... 75 SUSTAINABILITY REPORT ............................................................. 24 OTHER INFORMATION ..................................................................76 BOARD OF DIRECTORS REPORT ..............................................
  • Summary of Proposals for Actuarial Services to the Commission

    Summary of Proposals for Actuarial Services to the Commission

    State of Minnesota \ LEGISLATIVE COMMISSION ON PENSIONS AND RETIREMENT TO: Members of the Legislative Commission on Pensions and Retirement FROM: Ed Burek, Deputy Director RE: Summary of Proposals for Actuarial Services to the Commission DATE: June 3, 2009 Introduction The 2008 Legislature (Laws 2008, Chapter 349, Article 10, Sections 7-9, and 17-18) revised the provision of actuarial services to the major public pensions plan administrations and to the Legislative Commission on Pensions and Retirement. The requirement that the pension funds jointly retain an actuary was revised by removing the joint actuary requirement. Instead, each plan system retains its own actuary. The Pension Commission was authorized to retain an actuary to audit or review the actuarial valuations, experience studies, and other reports and services provided by the actuaries retained the various pension plan governing boards. In late January 2009, the Pension Commission requested proposals from qualified actuarial consulting firms to provide a range of actuarial audit/review services to the Commission as specified in the Request for Proposal (RFP). Seven actuarial service firms responded to the RFP: Cheiron (pronounced ki′ ron), Deloitte, Gabriel Roeder Smith and Company (GRS), Hay Group, Kenney Consulting, Milliman, and PricewaterhouseCoopers. Summaries of the proposals received are attached. The remainder of the cover memo briefly indicates the scope of the proposed tasks outlined in the RFP and makes a few observations on the received proposals. Proposal Requirements The Commission’s RFP requested actuarial audit/review services to be provided to the Commission. The RFP asked the firms to submit fixed fee compensation for the following purposes: 1.
  • Game Developer Index 2012 Swedish Games Industry’S Reports 2013 Table of Contents

    Game Developer Index 2012 Swedish Games Industry’S Reports 2013 Table of Contents

    GAME DEVELOPER INDEX 2012 SWEDISH GAMES INDUSTRY’S REPORTS 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY 2 WORDLIST 3 PREFACE 4 TURNOVER AND PROFIT 5 NUMBER OF COMPANIES 7 NUMBER OF EMPLOYEES 7 GENDER DISTRIBUTION 7 TURNOVER PER COMPANY 7 EMPLOYEES PER COMPANY 8 BIGGEST PLAYERS 8 DISTRIBUTION PLATFORMS 8 OUTSOURCING/CONSULTING 9 SPECIALISED SUBCONTRACTORS 9 DLC 10 GAME DEVELOPER MAP 11 LOCATION OF COMPANIES 12 YEAR OF REGISTRY 12 GAME SALES 13 AVERAGE REVIEW SCORES 14 REVENUES OF FREE-TO-PLAY 15 EXAMPLE 15 CPM 16 eCPM 16 NEW SERVICES, NEW PIRACY TARGETS 16 VALUE CHAIN 17 DIGITAL MIDDLEMEN 18 OUTLOOK 18 SWEDISH AAA IN TOP SHAPE 19 CONSOLES 20 PUBISHERS 20 GLOBAL 20 CONCLUSION 22 METHODOLOGY 22 Cover: Mad Max (in development), Avalanche Studios 1 | Game Developer Index 2012 EXECUTIVE SUMMARY The Game Developer Index maps, reports and analyzes the Swedish game devel- opers’ annual operations and international trends by consolidating their respective annual company accounts. Swedish game development is an export industry and operates in a highly globalized market. In just a few decades the Swedish gaming industry has grown from a hobby for enthusiasts into a global industry with cultural and economic importance. The Game Developer Index 2012 compiles Swedish company accounts for the most recently reported fiscal year. The report highlights: • Swedish game developers’ turnover grew by 60 percent to 414 million euro in 2012. A 215% increase from 2010 to 2012. • Most game developer companies (~60 percent) are profitable and the industry reported a combined profit for the fourth consecutive year. • Job creation and employment is up by 30 percent.
  • Recent Intellectual Property Representations

    Recent Intellectual Property Representations

    Recent Intellectual Property Representations Patent Litigation RECENT PATENT REPRESENTATIONS Desktop Metal v. Markforged, et al. v. Ricardo Fulop, et al. (D. Mass. 2018). QE’s new Boston office won its first jury trial in July 2018 during phase one of a bet-the-company litigation involving major players in the desktop 3D metal printing market. The case may have set a record for our firm's fastest time to trial ever in a patent suit (11 weeks from initial scheduling conference to trial). At trial, after hearing three weeks of evidence, the jury returned a verdict against Desktop Metal and in favor of our client, Markforged, finding no infringement by Markforged on any of the asserted patents. Markforged also filed counterclaims for trade secret misappropriation, breach of fiduciary duty, and breach of contract, which were tried before another jury during phase two of the litigation in September 2018. We obtained a very favorable (confidential) settlement on behalf of Markforged after opening statements and our CEO taking the stand on direct examination for multiple days. Affinity Labs of Texas LLP v. Netflix, Inc. (PTAB 2018). We were engaged by our client, Netflix, Inc., in two inter partes review proceedings challenging the validity of patents owned by Affinity Labs of Texas, LLC relating to streaming systems for digitally stored audio, video, and textual content. Following the Oral Hearing, the PTAB issued Final Written Decisions in each proceeding finding that all challenged claims were unpatentable. We represent Netflix in an appeal of the PTAB’s ruling that was recently filed by Affinity and is currently pending before the Federal Circuit.
  • RFP for the Actuarial Audit of the Ohio State Highway Patrol

    RFP for the Actuarial Audit of the Ohio State Highway Patrol

    36 S. Charles St. #1000, Baltimore, MD 21201 | boltonusa.com Request for Proposals: Actuarial Audit of the Ohio State Highway Patrol Retirement System PREPARED FOR Ohio Retirement Study Council DUE BY June 18, 2021 Prepared by: Ellen L. Kleinstuber, FSA, EA, FCA, MAAA, FSPA Thomas Vicente, FSA, EA, FCA, MAAA Principal, Chief Actuary Senior Consulting Actuary [email protected] [email protected] 1 (443) 573-3912 (443) 573-3918 June 16, 2021 Bethany Rhodes Director Ohio Retirement Study Council 30 East Broad Street 2nd Floor Columbus, Ohio 43215 Re: RFP for Actuarial Audit of the Ohio State Highway Patrol Retirement System Dear Ms. Rhodes: Bolton is pleased to present this response to the Ohio Retirement Study Council’s RFP for an Actuarial Audit of the Ohio State Highway Patrol Retirement System. Our firm provides actuarial services for cities, counties, and states throughout the country and is well-qualified to provide all the of actuarial services described in your RFP. As demonstrated in this proposal, Bolton has the extensive experience and expertise necessary to provide the requested services in a timely manner with a commitment to the highest quality standards. Key advantages Bolton offers to the Ohio Retirement Study Council (ORSC) include: • Public sector audit experience: We have completed several large and high-profile public sector audits in the past five years. These audits include the State of California pension and OPEB plans, the City of New York’s five retirement systems, the State of Maryland, and the State of Texas. • Extensive public sector consulting expertise. We have rich practical and theoretical experience with public sector pension valuations, experience studies, actuarial audits, and retirement consulting.
  • Game Developer Index 2010 Foreword

    Game Developer Index 2010 Foreword

    SWEDISH GAME INDUSTRY’S REPORTS 2011 Game Developer Index 2010 Foreword It’s hard to imagine an industry where change is so rapid as in the games industry. Just a few years ago massive online games like World of Warcraft dominated, then came the breakthrough for party games like Singstar and Guitar Hero. Three years ago, Nintendo turned the gaming world upside-down with the Wii and motion controls, and shortly thereafter came the Facebook games and Farmville which garnered over 100 million users. Today, apps for both the iPhone and Android dominate the evolution. Technology, business models, game design and marketing changing almost every year, and above all the public seem to quickly embrace and follow all these trends. Where will tomorrow’s earnings come from? How can one make even better games for the new platforms? How will the relationship between creator and audience change? These and many other issues are discussed intensively at conferences, forums and in specialist press. Swedish success isn’t lacking in the new channels, with Minecraft’s unprecedented success or Battlefield Heroes to name two examples. Independent Games Festival in San Francisco has had Swedish winners for four consecutive years and most recently we won eight out of 22 prizes. It has been touted for two decades that digital distribution would outsell traditional box sales and it looks like that shift is finally happening. Although approximately 85% of sales still goes through physical channels, there is now a decline for the first time since one began tracking data. The transformation of games as a product to games as a service seems to be here.
  • Top 50 Management and Strategy Consulting

    Top 50 Management and Strategy Consulting

    Customized for: Kirsten ([email protected]) VAULT GUIDE TO THE TOP 50 MANAGEMENT AND STRATEGY CONSULTING 2012 EDITION Sponsored by: Customized for: Kirsten ([email protected]) Customized for: Kirsten ([email protected]) Customized for: Kirsten ([email protected]) THE MEDIA’S WATCHING VAULT! HERE’S A SAMPLING OF OUR COVERAGE. “For those hoping to climb the ladder of success, [Vault’s] insights are priceless.” – Money magazine “The best place on the web to prepare for a job search.” – Fortune “[Vault guides] make forOF excellent THE starting points for job hunters and should be purchasedBEST by academic libraries for their career sections [and] university career centers.” – Library Journal REST Vault Guide to the Top 50 Accounting Firms “The granddaddy of worker sites.” – US News & World Report “A killer app.” – The New York Times One of Forbes’ 33 “Favorite Sites.” – Forbes “To get the unvarnished scoop, check out Vault.” – SmartMoney Magazine “Vault has a wealth of information about major employers and job-searching strategies as well as comments from workers about their experiences at specific companies.” – The Washington Post “Vault [provides] the skinny on working conditions at all kinds of companies from current and former employees.” – USA Today ® Customized for: Kirsten ([email protected]) VAULT GUIDE TO THE TOP 50 MANAGEMENT AND STRATEGY CONSULTING FIRMS PHILIP STOTT AND THE STAFF AT VAULT ® Customized for: Kirsten ([email protected]) Copyright © 2012 by Vault.com, Inc. All rights reserved. All information in this book is subject to change without notice. Vault makes no claims as to the accuracy and reliability of the information contained within and disclaims all warranties.
  • City Manager FROM: Kori Land, City Attorney DATE: January 23, 2017 City of West St

    City Manager FROM: Kori Land, City Attorney DATE: January 23, 2017 City of West St

    TO: Mayor and City Council THROUGH: Sherrie Le, Asst. City Manager FROM: Kori Land, City Attorney DATE: January 23, 2017 City of West St. Paul SUBJECT: City Manager Search Firm BACKGROUND INFORMATION: The Council requested that I solicit proposals from search firms qualified to conduct the City Manager search. Attached you will find a summary chart of the firms. The Council has several options: Choose to interview one or all of the search firms before selecting one; Make a selection tonight and add it to the Council agenda to enter into a contract with a particular firm; Ask for more proposals FISCAL IMPACT: Depends on selection STAFF RECOMMENDATION: Discuss and provide direction WEST ST. PAUL CITY MANAGER SEARCH FIRM FEE STRUCTURE COMMENTS 1. The Mercer Group Full service: $15,000 + Jim Miller has 22 years’ experience as the Jim Miller, Sr. VP $5,500 expenses Executive Director of the LMC. 2119 Lake Augusta Dr. Entire process Mendota Heights, MN 55120 Total: $20,500 Guarantees: they will not solicit any existing (612-581-9972) employees for 2 years; they will not solicit any www.mercergroupinc.com Partial Service: $10,250 + placed city manager ever; they will continue the $4,000 expenses search process if initial results do not yield good Excludes background candidates at no cost (except expenses); if the checks, interviews and placed candidate leaves within 24 months, they negotiations will conduct a new search at no additional cost Total: $14,250 (except expenses). Search time est. 90-120 days Searches: LOGIS, DCC, LMC, Eagan 2. GovHR $14,000 + $5,500 expenses + Pres.
  • Family Friendly Magazine 129 in PDF Format

    Family Friendly Magazine 129 in PDF Format

    Family Friendly Gaming The VOICE of TM the FAMILY in GAMING Kingdom Hearts III, Ooblets, Monster Hunter World and more in this fabu- lous issue!! ISSUE #129 NI NO KUNI II REVENANT KING- DOM wants you to April 2018 role play. CONTENTS ISSUE #129 April 2018 CONTENTS Links: Home Page Section Page(s) Editor’s Desk 4 Female Side 5 Comics 7 Sound Off 8 - 10 Look Back 12 Quiz 13 Devotional 14 Helpful Thoughts 15 In The News 16 - 23 We Would Play That! 24 Reviews 25 - 37 Sports 38 - 41 Developing Games 42 - 67 Now Playing 68 - 83 Last Minute Tidbits 84 - 106 “Family Friendly Gaming” is trademarked. Contents of Family Friendly Gaming is the copyright of Paul Bury, and Yolanda Bury with the exception of trademarks and related indicia (example Digital Praise); which are prop- erty of their individual owners. Use of anything in Family Friendly Gaming that Paul and Yolanda Bury claims copyright to is a violation of federal copyright law. Contact the editor at the business address of: Family Friendly Gaming 7910 Autumn Creek Drive Cordova, TN 38018 [email protected] Trademark Notice Nintendo, Sony, Microsoft all have trademarks on their respective machines, and games. The current seal of approval, and boy/girl pics were drawn by Elijah Hughes thanks to a wonderful donation from Tim Emmerich. Peter and Noah are inspiration to their parents. Family Friendly Gaming Page 2 Page 3 Family Friendly Gaming Editor’s Desk FEMALE SIDE this instance I feel wonderful. God has given God is my prize and my goal.
  • MPP Public Sector Consulting Handout

    MPP Public Sector Consulting Handout

    MPP Public Sector Consulting Public Sector and Government consulting firms value the skills and experience you are getting at Sanford. Recruitment is typically done in the fall, though smaller firms hire throughout the year depending on their client needs. Some consulting firms are large with a diverse portfolio and expect newcomers to be flexible in the policy areas they are assigned to. Other firms are smaller and specialize in one or a handful of areas, including some that operate as non-profits. Most firms only hire US citizens due to the US security clearance that government projects might require. Is Consulting for Me? Is consulting something you would enjoy? Here's what you'll generally find as a consultant: Lots of team work, project management, and communication with clients Shorter-term projects typically lasting 2-6 months Usually assigned work in many different policy areas Sometimes heavy travel to work on-site with clients Firms That Recruit Sanford MPPs Alumni Perspective These firms specifically recruit Sanford MPPs for Jennifer O'Neal Schiess, MPP '04 their jobs and internships every year. They will host Bellwether Education Partners information sessions each fall or spring and we have several alumni at each to network with. "Bellwether is fairly unique in the field as a nonprofit * Indicates global policy opportunities. firm that combines policy, evaluation, and strategic advising. I value working with colleagues across Abt Associates * those competencies, which enables our policy Alvarez and Marsal research and advising to be deeply informed by the Booz Allen Hamilton realities of implementation and impact on the Deloitte ground, and vice versa.
  • Commportal V9.5.40 USER GUIDE

    Commportal V9.5.40 USER GUIDE

    CommPortal User Guide Powered by: Version 9.5.40 CommPortal v9.5.40 USER GUIDE Notices Copyright © 2000-2020 Metaswitch Networks. All rights reserved. This manual is issued on a controlled basis to a specific person on the understanding that no part of the Metaswitch Networks product code or documentation (including this manual) will be copied or distributed without prior agreement in writing from Metaswitch Networks. Metaswitch Networks reserves the right to, without notice, modify or revise all or part of this document and/or change product features or specifications and shall not be responsible for any loss, cost, or damage, including consequential damage, caused by reliance on these materials. Metaswitch and the Metaswitch logo are trademarks of Metaswitch Networks. Other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. 855.216.4334 | www.momentumtelecom.com/support 2 CommPortal v9.5.40 USER GUIDE Contents 1 Introduction.............................................................................................................6 1.1 About This Manual................................................................................................................ 6 1.2 About the CommPortal Screen Shots................................................................................... 7 2 CommPortal Overview...........................................................................................8 2.1 Interface Overview................................................................................................................
  • Family Friendly Magazine 142 in PDF Format

    Family Friendly Magazine 142 in PDF Format

    Family Friendly Gaming The VOICE of TM the FAMILY in GAMING The Lego Move 2 Videogame wants you to build it! Pokemon Sword, Pokemon Shield, Snooker 19, and more in this fabu- lous issue!! ISSUE #142 May 2019 CONTENTS ISSUE #142 May 2019 CONTENTS Links: Home Page Section Page(s) Editor’s Desk 4 Female Side 5 Comics 7 Sound Off 8 - 10 Look Back 12 Quiz 13 Devotional 14 Helpful Thoughts 15 In The News 16 - 23 We Would Play That! 24 Reviews 25 - 37 Sports 38 - 41 Developing Games 42 - 67 Now Playing 68 - 83 Last Minute Tidbits 84 - 106 “Family Friendly Gaming” is trademarked. Contents of Family Friendly Gaming is the copyright of Paul Bury, and Yolanda Bury with the exception of trademarks and related indicia (example Digital Praise); which are prop- erty of their individual owners. Use of anything in Family Friendly Gaming that Paul and Yolanda Bury claims copyright to is a violation of federal copyright law. Contact the editor at the business address of: Family Friendly Gaming 7910 Autumn Creek Drive Cordova, TN 38018 [email protected] Trademark Notice Nintendo, Sony, Microsoft all have trademarks on their respective machines, and games. The current seal of approval, and boy/girl pics were drawn by Elijah Hughes thanks to a wonderful donation from Tim Emmerich. Peter and Noah are inspiration to their parents. Family Friendly Gaming Page 2 Page 3 Family Friendly Gaming Editor’s Desk FEMALE SIDE are new to us. We are adapting and chang- diction is a serious problem. Yes there needs On the Cusp ing as we have been required to.