Financial Systems News

The Internet of Maritime Things (IoMT) is coming! Start planning now.The Internet of Things (IoT) is already with us. You can get a doorbell camera that allows you to see on your smartphone who is at or approaching your front door. You can also get a refrigerator that keeps track of items inside and will advise you when you are running low (maybe on beer). It can also automatically place orders with your local grocery store for replenishment. Your automobile will attempt to keep you in your lane and avoid collisions while keeping track of where you are…

Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the company. Halverson will continue working into early 2018 and will help ensure a smooth transition for the new CFO. Prior to becoming CFO, Halverson served two years as vice president of the Finance Services Division, and before that position, he was the corporate controller. Halverson joined Caterpillar in 1988 as an accountant.

Globus Maritime Limited, a dry bulk shipping company, announced today that Dimitrios Stratikopoulos has resigned from its Board of Directors due to other recent pressing business commitments with the resignation taking effect immediately. The Board of Directors has appointed Ioannis Kazantzidis to the Board to replace  Stratikopoulos as an independent Class I, non-executive director effective today. Additionally and on the same day, Kazantzidis has been also appointed to the Company's Audit, Remuneration and Nomination Committees. Ioannis Kazantzidis has over 40 years of experience in the Information Technology Banking and Finance sector.

Rolls-Royce announced that Stephen Daintith has been appointed Chief Financial Officer and as an executive director of Rolls-Royce Holdings plc. Stephen will take up his new role in 2017, succeeding David Smith who will leave Rolls-Royce after three years to pursue other business interests. Stephen Daintith is currently Chief Financial Officer of Daily Mail & General Trust plc. Previously he was employed by News International as Chief Financial Officer and Chief Operations Officer of Dow Jones & Co. His earlier career was spent working internationally in a number of senior positions at British American Tobacco, also at Forte, the Civil Aviation Authority and PriceWaterhouse Coopers.

Billing Platform announced  that it will support South Carolina Ports Authority (SCPA) by providing a cloud application that streamlines and modernizes billing operations to promote efficient revenue recognition in a dynamic and evolving environment. Established in 1942 by the South Carolina General Assembly, SCPA promotes, develops and facilitates the harbors and seaports within the state of South Carolina. Today, the South Carolina Ports Authority operates the state's seaport assets in Charleston…

Stevens Institute of Technology will host its 2013 Innovation Expo on April 24, 2013, allowing the public a peek at innovative technologies, products and services developed by students and faculty throughout the year, and introducing a new lecture series on business and entrepreneurship. The Stevens Innovation Expo is an annual, one-day, campus-wide event which displays the extensive research and innovation accomplishments of faculty and students. From mobile apps to solar houses to financial software to biomedical products…

The Two Security Experts to Provide Strategic and Advisory Consulting to C-Suite Executives and Government Leaders. Tom Ridge, the first U.S. secretary of Homeland Security, and Howard A. Schmidt, former Cybersecurity Advisor to President Barack Obama and President George W. Bush, has announced that they are forming Ridge Schmidt Cyber LLC, a consultancy that provides strategic and advisory services that help leaders in business and government navigate the increasing demands of cybersecurity.

SpecTec Group, IT supplier to the merchant and cruise shipping markets, has recently acquired a 20% share in MarineXChange Software GmbH. MarineXchange is a provider of enterprise resource management software to the cruise industry. "The two companies have collaborated for several years already, and our software portfolios and philosophies complement each other very well", said Giampiero Soncini, CEO of SpecTec Group. MarineXchange software can also be used for the food and beverage management of large fleets, as well as for land based hotels. MarineXchange software runs at the office and remote installations such as ships, hotels and warehouses. The software provides tools to collect and retain data, automate processes and share data across an entire organization.

President Bush’s fiscal year 2009 budget request for the Department of Homeland Security (DHS) represents $50.5 billion in funding, which is an increase of 6.8 percent over the 2008 fiscal year level – excluding funds provided in emergency supplemental funding. The request targets five areas, detailed in the following release of information from the DHS. The Department of Homeland Security’s main priority is to prevent terrorist attacks against the nation and to protect our nation from dangerous people. DHS will continue to prevent the entry of terrorists while facilitating the legitimate flow of people by strengthening border security efforts and continuing to gain effective control of America’s borders.

Northrop Grumman Corporation's Newport News sector announced the appointment of Linda Leukhardt as sector vice president of business management and chief financial officer. Leukhardt, 43, is responsible for the financial systems, programs and processes that ensure the successful accomplishment of the sector's business objectives. These include accounting and program cost control, rates and budgets, financial reporting and planning, and analysis as well as all other business management functions. Prior to this promotion, she served as vice president, finance and controller, for Northrop Grumman's Electronic Systems sector headquartered in Baltimore, Md. "We are very pleased to have Linda join the Newport News team," said Thomas C.

IFS Norway and Det Norske Veritas (DNV) have agreed to combine their maritime know how and technology to develop an IT solution for the international maritime market. The solution will become the first of its kind on the global market and is initially focues on ensuring stable and safe operations of oil production vessels offshore- Floating Production, Storage and Offloading (FPSOs). DNV Software and Industrial & Financial Systems Norway ASA (IFS) will present a prototype at a conference in Spain in one month. The software solution combines DNV’s solutions for design and strength assessment of FPSOs with the ERP business applications suite, IFS Applications. The solution will cover all phases in the life cycle of a floating oil production vessel, i.e.

Seabulk International, Inc. announced the election of Vincent J. deSostoa as Senior Vice President and Chief Financial Officer, effective immediately. deSostoa, who most recently served as President and Chief Financial Officer of Zeosoft Corporation, will report directly to Seabulk's President and Chief Executive Officer, Gerhard E. Kurz. He will be responsible for all of the Company's financing activities, including its relations with investment bankers and lending institutions, as well as for the financial reporting function, risk management and information systems. "We are pleased to welcome Vince to the Seabulk management team," commented Kurz.

in China. of 18 months at a daily net rate of $25,650 on a bareboat basis. One 1995 built panamax vessel of 73,506 dwt, built in South Korea. net rate of $29,700. One 2000 built handymax vessel of 45,526 dwt, built in Philippines. net rate of $22,000. which is expected to be granted by July 16, 2007. The vessels are scheduled to be delivered to the Company between September 2007 and January 2008. Evangelos Pistiolis, the Company's CEO, said "This acquisition represents the Company's first entry into the drybulk sector, which has demonstrated significant growth in the past few years and is expected to remain robust based on strong fundamentals.

Marine Resources Group announced that Kirstin Sandaas has been promoted to Chief Financial Officer and Kevin Orstad has joined the company in the position of Group Controller. Sandaas joined MRG in the spring of 2004, and since that time has worked closely with the financial and operating divisions at the MRG group of companies. Her contributions include assisting in two corporate acquisitions, implementing an MRG-wide 401(k) program and assessing enterprise-wide systems solutions. Prior to joining MRG she held the position of Director of Finance at Sea Coast Towing. She served as Finance Manager at Optiva, makers of the sonicare toothbrush, working as an integral part of the team that helped sell the company to Philips Electronics.