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Ongoing Operations company logo
Corporation
COMPUTER HARDWARE & SERVICES | IT Services / Networking
ongoingoperations.com

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Partners & Customers

1

About Ongoing Operations

Ongoing Operations delivers thought leadership, resources, and solutions helping Credit Union executives and IT leaders align technology with business strategy, maximize IT investment, and improve operational performance.

Ongoing Operations Headquarter Location

18450 Showalter Dr.

Hagerstown, Maryland, 21742,

United States

877-552-7892

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Ongoing Operations Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Ongoing Operations Rank

Research containing Ongoing Operations

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ongoing Operations in 1 CB Insights research brief, most recently on Jun 9, 2021.

Latest Ongoing Operations News

francesca’s® Receives Court Approval of First Day Motions to Support Ongoing Operations

Dec 9, 2020

| Source: Francesca's Holdings Corporation francesca’s® Boutiques and E-commerce Continue to Provide Customers a Unique, Fun and Personalized Shopping Experience Obtains Interim Approval to Access $15 Million of DIP Financing to Facilitate Sale Process While Continuing to Serve Customers in the Ordinary Course HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that all “First Day” motions presented to the U.S. Bankruptcy Court for the District of Delaware (the “Court”) on December 8, 2020, which were filed in connection with the commencement of the Company's voluntary reorganization cases, were approved on either an interim or final basis by the Court. The approved First Day motions permit the Company to, among other things, continue use of its existing cash management system and customer programs, pay certain prepetition obligations of the Debtors’ employees, taxing authorities, critical vendors, and lienholders, and access $15 million of its $25 million debtor-in-possession financing facility. A final hearing on the First Day motions as well as the hearing to consider approval of the Company’s bidding procedures that will allow interested parties to submit binding offers to acquire substantially all of the Company’s assets is scheduled for January 4, 2021. "With the Court's approval of our First Day motions, francesca’s is able to continue operations in the ordinary course and pursue a sales process to a new investor," said Andrew Clarke, Chief Executive Officer of francesca’s®. "We intend to emerge from this process as a stable and competitive Company allowing us continue to focus on our omni-channel strategies, optimize our boutique fleet, broaden our customer reach with brand extensions and drive sustainable, profitable growth. Approval of these First Day motions helps provide the flexibility we need to complete this process quickly and efficiently," Clarke added. francesca’s® commenced its voluntary chapter 11 cases to reorganize under chapter 11 of the U.S. Bankruptcy Code on December 3, 2020. francesca’s® has retained, subject to Bankruptcy Court approval, the services of O’Melveny & Myers LLP and Richards Layton & Finger, P.A. as bankruptcy counsel and FTI Consulting, Inc. and FTI Capital Advisors LLC as the Company’s financial advisor and investment banker. Additional Information Additional information about the proposed asset sale, as well as other documents related to the restructuring and reorganization proceedings, is available through francesca’s case website at https://cases.stretto.com/francescas About Francesca's Holdings Corporation francesca's® is a specialty retailer that operates a nationwide-chain of boutiques providing customers a unique, fun and personalized shopping experience. The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts. As of today, francesca's® operates approximately 558 boutiques in 45 states throughout the United States and the District of Columbia and also serves its customers through francescas.com and its iOS mobile app. For additional information on francesca's®, please visit www.francescas.com . Company Contact:

Ongoing Operations Acquisitions

1 Acquisition

Ongoing Operations acquired 1 company. Their latest acquisition was Teneros on December 20, 2010.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/20/2010

Series E

$92.5M

Acquired

1

Date

12/20/2010

Investment Stage

Series E

Companies

Valuation

Total Funding

$92.5M

Note

Acquired

Sources

1

Ongoing Operations Partners & Customers

1 Partners and customers

Ongoing Operations has 1 strategic partners and customers. Ongoing Operations recently partnered with Adlumin on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/29/2021

Licensor

Adlumin

United States

Ongoing Operations & Adlumin partner to provide 24 / 7 / 365 cybersecurity for Credit Unions

The partnership demonstrates the confidence that Adlumin , Inc. has in Ongoing Operations and their ability to support our joint customers with their technical acumen and focus on customer success , '' says Jim Adams , Vice President WW Sales at Adlumin , Inc. .

1

Date

6/29/2021

Type

Licensor

Business Partner

Adlumin

Country

United States

News Snippet

Ongoing Operations & Adlumin partner to provide 24 / 7 / 365 cybersecurity for Credit Unions

The partnership demonstrates the confidence that Adlumin , Inc. has in Ongoing Operations and their ability to support our joint customers with their technical acumen and focus on customer success , '' says Jim Adams , Vice President WW Sales at Adlumin , Inc. .

Sources

1

Ongoing Operations Team

3 Team Members

Ongoing Operations has 3 team members, including current Chief Financial Officer, Bill Wells CPA.

Name

Work History

Title

Status

Bill Wells CPA

Chief Financial Officer

Current

Jonathan Derby

Chief Information Officer

Current

Karl Cherry

Fiserv, BNY Mellon, Vantiv, and CheckAlt

Executive Vice President

Current

Name

Bill Wells CPA

Jonathan Derby

Karl Cherry

Work History

Fiserv, BNY Mellon, Vantiv, and CheckAlt

Title

Chief Financial Officer

Chief Information Officer

Executive Vice President

Status

Current

Current

Current

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