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Archive for June 7th, 2011

Ashland to Acquire International Specialty Products Inc. (ISP)

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Broadens Global Leadership in Specialty Chemicals

COVINGTON, Ky. and WAYNE, N.J., June 3, 2011 /PRNewswire-Asia/ — Ashland Inc. (NYSE: ASH) and International Specialty Products Inc. (ISP) today announced that Ashland has agreed to acquire privately owned ISP, a global specialty chemical manufacturer of innovative functional ingredients and technologies. Under the terms of the stock purchase agreement, Ashland will pay approximately $3.2 billion for the business in an all-cash transaction. At closing, ISP’s advanced product portfolio will expand Ashland’s position in high-growth markets such as personal care, pharmaceutical and energy. For the 12 months ended March 31, 2011, ISP generated sales of approximately $1.6 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $360 million. The transaction is expected to be immediately accretive to Ashland’s earnings per share.

ISP is a leading global supplier of specialty chemicals and performance enhancing products for consumer and industrial markets. Through its unique offerings, ISP will bring high-value water soluble polymers and other advanced technologies into Ashland’s functional ingredients business, as well as complementary additives for Ashland’s food and beverage, energy, coatings, adhesives and water treatment markets. The acquisition is expected to significantly strengthen Ashland’s functional ingredients active patent portfolio and its team of research and development scientists. The result will be a stronger, global functional ingredients business with proven technological and application capabilities to solve customers’ unique formulation challenges.

Ashland Chairman and Chief Executive Officer James J. O’Brien said, “This defining transaction enables us to significantly expand our market positions in higher margin, higher growth and less cyclical global markets like personal care and pharmaceuticals. It broadens Ashland’s presence within attractive growth areas like skin, hair and oral care, which are large and fast-growing segments of the $5-billion-plus personal care specialty ingredients market. In addition, we expect to more than double the size of our highest-margin functional ingredients business.”

ISP President and Chief Executive Officer Sunil Kumar said, “We are very enthusiastic about the opportunity to combine ISP with Ashland. Both companies have a strong commitment to serving customers with innovative solutions and technologies. We appreciate Ashland’s passion for this business and we believe this combination offers tremendous potential for our customers, key business partners and employees.”

O’Brien added, “We look forward to welcoming ISP’s employees to Ashland. Our business models are complementary and we share common capabilities in formulation, application development and polymerization. We are disciplined in the underlying processes and operations that enable us to manufacture best-in-class products. Given the quality of leadership within both businesses and our success with the integration of prior acquisitions, we are confident we will achieve a smooth transition to a combined company. We are excited about the opportunities for innovation and growth that lie ahead of us.”

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June 7, 2011 at 4:53 pm

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Splunk Launches Splunk for Citrix XenDesktop App

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Delivers higher service levels and controls for desktop virtualization customers

PRNewswire-Asia/ — Splunk ( http://www.splunk.com ), the leading provider of operational intelligence software, today announced availability of the new Splunk for Citrix(R) XenDesktop(R) app ( http://www.splunk.com/view/SP-CAAAF4D ) which will deliver greater operational visibility for XenDesktop customers. Splunk software collects, indexes and harnesses the machine data generated by IT systems and infrastructure — whether physical, virtual or in the cloud.

Citrix XenDesktop 5 transforms desktop computing to provide a more flexible, people-centric experience. Splunk for Citrix XenDesktop helps IT deliver higher service levels to virtual desktop users by providing visibility into the critical components of a virtual desktop deployment. Splunk’s flexibility in providing both a high-level view and deep data drilldown provides IT teams with unprecedented visibility to manage large-scale virtual desktop deployments. Splunk for XenDesktop will be featured at the Citrix Desktop Transformation Booth at Citrix Synergy.

“CIOs increasingly are looking for ways to move from a distributed computing model to a more people-centric, virtualized computing model and products like Splunk for XenDesktop help accelerate this transformation. We already are seeing tremendous customer interest in the Splunk app for helping to manage the IT infrastructure stack,” said Gordon Payne, senior vice president and general manager, Desktop Division at Citrix. “Splunk has become a valued partner of Citrix across our networking and desktop virtualization solutions with a shared vision of helping our customers streamline the end-to-end management of Citrix environments.”

In addition to Splunk for XenDesktop, Splunk will demonstrate their recently announced Splunk for Citrix Netscaler app with AppFlow(TM) at Citrix Synergy. Citrix AppFlow is an innovative new open standards technology that delivers deep insight into critical business applications across both public and private cloud environments. Splunk for Citrix Netscaler with AppFlow provides customers with real-time views into the key operational metrics of their applications as well as baselining and trending capabilities that help detect security, performance and end-user experience issues.

“Splunk is thrilled to work with a market leader like Citrix,” said Bill Gaylord, Splunk’s vice president of business and corporate development. “Splunk for XenDesktop and Splunk for Citrix Netscaler with AppFlow are great examples of where Splunk provides visibility across physical, virtual and cloud infrastructures delivering the operational intelligence customers need to optimize IT and the business.”

Splunk for Citrix XenDesktop

Web Page:
http://www.splunk.com/view/desktop-virtualization-management/SP-CAAAF4M
Demo Video:
http://www.splunk.com/view/cirtix-xendesktop/SP-CAAAF4D
Download:
http://splunk-base.splunk.com/apps/24826/splunk-for-citrix-xendesktop

SPLUNK> is a registered trademark of Splunk Inc. All other trademarks are owned by their respective companies.

About Splunk

Splunk is the leading provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as terabytes of historical data — located on-premise or in the cloud. Almost half of the Fortune 100 and more than 2,600 enterprises, service providers and government organizations in 78 countries use Splunk to improve service levels, reduce IT operations costs, mitigate security risks, and drive new insights for IT and the business.

For more information please visit http://www.splunk.com .

Media Contact:

Clara So
Splunk Inc.
Office: +852-3975-4063
Mobile: +852-9108-2086
Email: cso@splunk.com

Written by asiafreshnews

June 7, 2011 at 10:56 am

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