Novation Cos. Inc (NOVC) 0.0400 $NOVC Novation
Post# of 273249
Posted On: 07/26/2016 7:02:59 PM
Novation Cos. Inc (NOVC) 0.0400 $NOVC
Novation Companies, Inc. and Subsidiaries Commence Voluntary Chapter 11 Business Reorganization
PR Newswire - Wed Jul 20, 6:07PM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" or the "Company"
announced today that it and certain of its subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the District of Maryland (Baltimore Division). Novation's board of directors unanimously determined that a chapter 11 reorganization is in the best interest of the Company and its stakeholders. The process allows Novation and its subsidiaries to continue normal business operations while restructuring the Company's finances and contractual obligations.
ShoreTel to acquire Corvisa in USD8.5m cash deal
M2 - Tue Dec 22, 4:18AM CST
ShoreTel (Nasdaq:SHOR), a provider of simple hosted phone systems and unified communications (UC) solutions, announced on Monday that it plans to acquire Corvisa LLC, a provider of cloud-based communications solutions, from Novation Companies Inc (OTC:NOVC).
SHOR: 7.51 (+0.06)
Novation to Sell Corvisa to ShoreTel
Marketwired - Mon Dec 21, 3:15PM CST
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" today announced that it is selling Corvisa LLC to ShoreTel, Inc. (NASDAQ: SHOR). ShoreTel will pay $8.5 million in cash to acquire 100% of the outstanding membership interests of Corvisa. The transaction is expected to close early in 2016 and is subject to customary closing conditions.
SHOR: 7.51 (+0.06)
ShoreTel To Acquire UC Cloud Provider Corvisa
PR Newswire - Mon Dec 21, 3:05PM CST
ShoreTel® (NASDAQ: SHOR), the leading provider of brilliantly simple hosted phone systems and unified communications (UC) solutions, today announced it is acquiring Corvisa LLC, a provider of cloud-based communications solutions, from Novation Companies, Inc. (OTCQB: NOVC). This acquisition is expected to accelerate ShoreTel's fiscal 2017 hosted revenue growth to at or around 30 percent by enhancing ShoreTel's solutions and architecture in four key areas:
SHOR: 7.51 (+0.06)
Novation Companies Announces Changes of Executive Team
Marketwired - Mon Aug 17, 8:01AM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" today announced that W. Lance Anderson delivered notice of his resignation to the Board of Directors, effective Friday, Aug. 14, 2015, retiring after nearly 20 years with the company. Anderson also tendered his resignation as chief executive officer of Corvisa LLC, Novation's principal operating subsidiary ("Corvisa". Novation announced that Rodney Schwatken, Novation's senior vice president and chief financial officer, has been promoted to chief executive officer of Novation, and that Matthew Lautz, Novation's senior vice president and chief information officer, has been promoted to chief executive officer of Corvisa.
Novation Announces Agreement With Lone Star Value
Marketwired - Wed Apr 22, 4:48PM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" or the "Company" today announced that it has entered into an agreement with Lone Star Value Management, LLC and its affiliates ("Lone Star Value". Novation has agreed to expand the size of the Company's Board of Directors (the "Board" from six to eight directors and to appoint Jeffrey E. Eberwein and Robert G. Pearse, effective immediately, to fill the vacancies on the Board as independent directors.
Novation Companies, Inc. and Subsidiaries Commence Voluntary Chapter 11 Business Reorganization
PR Newswire - Wed Jul 20, 6:07PM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" or the "Company"
announced today that it and certain of its subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the District of Maryland (Baltimore Division). Novation's board of directors unanimously determined that a chapter 11 reorganization is in the best interest of the Company and its stakeholders. The process allows Novation and its subsidiaries to continue normal business operations while restructuring the Company's finances and contractual obligations. ShoreTel to acquire Corvisa in USD8.5m cash deal
M2 - Tue Dec 22, 4:18AM CST
ShoreTel (Nasdaq:SHOR), a provider of simple hosted phone systems and unified communications (UC) solutions, announced on Monday that it plans to acquire Corvisa LLC, a provider of cloud-based communications solutions, from Novation Companies Inc (OTC:NOVC).
SHOR: 7.51 (+0.06)
Novation to Sell Corvisa to ShoreTel
Marketwired - Mon Dec 21, 3:15PM CST
Novation Companies, Inc. (OTCQB: NOVC) ("Novation"
today announced that it is selling Corvisa LLC to ShoreTel, Inc. (NASDAQ: SHOR). ShoreTel will pay $8.5 million in cash to acquire 100% of the outstanding membership interests of Corvisa. The transaction is expected to close early in 2016 and is subject to customary closing conditions. SHOR: 7.51 (+0.06)
ShoreTel To Acquire UC Cloud Provider Corvisa
PR Newswire - Mon Dec 21, 3:05PM CST
ShoreTel® (NASDAQ: SHOR), the leading provider of brilliantly simple hosted phone systems and unified communications (UC) solutions, today announced it is acquiring Corvisa LLC, a provider of cloud-based communications solutions, from Novation Companies, Inc. (OTCQB: NOVC). This acquisition is expected to accelerate ShoreTel's fiscal 2017 hosted revenue growth to at or around 30 percent by enhancing ShoreTel's solutions and architecture in four key areas:
SHOR: 7.51 (+0.06)
Novation Companies Announces Changes of Executive Team
Marketwired - Mon Aug 17, 8:01AM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation"
today announced that W. Lance Anderson delivered notice of his resignation to the Board of Directors, effective Friday, Aug. 14, 2015, retiring after nearly 20 years with the company. Anderson also tendered his resignation as chief executive officer of Corvisa LLC, Novation's principal operating subsidiary ("Corvisa". Novation announced that Rodney Schwatken, Novation's senior vice president and chief financial officer, has been promoted to chief executive officer of Novation, and that Matthew Lautz, Novation's senior vice president and chief information officer, has been promoted to chief executive officer of Corvisa. Novation Announces Agreement With Lone Star Value
Marketwired - Wed Apr 22, 4:48PM CDT
Novation Companies, Inc. (OTCQB: NOVC) ("Novation" or the "Company"
today announced that it has entered into an agreement with Lone Star Value Management, LLC and its affiliates ("Lone Star Value". Novation has agreed to expand the size of the Company's Board of Directors (the "Board" from six to eight directors and to appoint Jeffrey E. Eberwein and Robert G. Pearse, effective immediately, to fill the vacancies on the Board as independent directors. 
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