The complaint asked the European Commission, thecompetition watchdog o the 27-nation European Union, to bringanother in estigation against IBM ollowing a similar complaintby Plat orm Solutions Inc in 2007. That complaint was dropped when IBM, the world's largesttechnology ser ices company, acquired Plat orm Solutions inJuly 2008. "We did take the initiati e and said we would look into themain rame sector and that inquiry is still going on," ano icial at the Commission said. The Commission's pro isions against abuse o dominance wascentral to its landmark court ictory o er Microso t inSeptember 2007 be ore a European Union court. The complaint comes a week a ter Brussels used the sameprinciple to charge Microso t with anti-competiti e beha iour, or bundling its browser in its operating so tware, and wasalso used or a major settlement against IBM in the 1980s. (Additional by Jim inkle in Boston, Adrian Cro t in London;editing by Simon Jessop, Richard Chang) Stocks Regulatory News Mergers & Acquisitions Global Markets. inancing Supports Recapitalization by D W Capital Partners and Management NEW YORK, Jan.
20 /PRNewswire/ Praesidian Capital In estors, a leadingpro ider o mezzanine capital or small and mid-sized companies, has in estedapproximately $16.5 million o debt to support the recapitalization o enio,LLC (" enio") by D W Capital Partners and management.Headquartered in New York City, enio is a leading pro ider o asset reco eryser ices, specializing in uniting heirs with unclaimed assets held by banks,corporations and mutual und companies. enio pro ides its ser ices to o er400 banks, indi idual companies, trans er agents and mutual und companies. enio conducts research and in estigation on behal o clients to locate theowner's dormant accounts and pro ide updated contact in ormation. or thoseaccount owners who are deceased, enio attempts to locate heirs and o ers toreco er unclaimed assets or a contingent ee that is paid when the assets arerestored."E ery year, hundreds o millions in unclaimed assets are escheated to statego ernments ollowing a speci ied dormancy period. enio pro ides a solutionto this problem or both its clients and the assets' right ul heirs," saidJason Drattell, Managing Partner at Praesidian. "A strongbusiness like enio with its di erse group o clients and now strong inancial support has a real opportunity to urther establish itsel as aleader.""Praesidian and D W ha e shown great commitment to enio's success throughoutour association with them, and I know that they share my excitement about theprospects or enio in the coming years," said Charles Ginsberg, ounder o enio's predecessor."We are con ident that we ha e ound the right partnersto take this business to the next le el o growth and success."About Praesidian Capital In estorsPraesidian Capital partners with small and mid-sized businesses, pro idingpri ate mezzanine capital. Praesidian in ests in established, historicallypro itable companies o ten in connection with a management/le eraged buyout,recapitalization or re inancing.
Based in New York City, Praesidian manageso er $400 million in committed capital. or more in ormation, isit D W Capital PartnersD W Capital Partners was ounded in 1983 to pro ide pri ate equity capital tohigh-growth middle-market ser ice companies. D W acti ely manages se eralpools o committed pri ate capital, with o er $200 million in aggregatecommitments. D W's unding sources include institutional in estors as well ashigh net worth indi iduals and amily o ices.
or more in ormation please isit enio, LLCHeadquartered in New York City, enio is a leading pro ider o asset reco eryser ices, specializing in uniting heirs with unclaimed assets held by banks,corporations and mutual und companies.The Company is retained by theseinstitutions to locate owners o dormant accounts and return unclaimed assets,which would ha e otherwise been escheated to state go ernments, to theirright ul heirs. enio is composed o three separate operating companies,Jaisan LLC, SMS Group, LLC and SMS- ISS, LLC and ser ices o er 400 banks,indi idual companies and trans er agents and mutual und companies.SOURCEPraesidian Capital In estorsDan Jacobs or Anthony eldman, Broadgate Consultants, LLC, 1-212-232-2222, or Praesidian Capital. Hot StocksDuring normal trading hours, the stock ell 3.5 percent to $81.98.(Reporting by Deepa Seetharaman) Hot Stocks. Re enues or the quarter were $28.8 millioncompared to $35.7 million a year earlier, a decrease o 19. When compared tothe most recent quarter ending September 27, 2008, re enues increasedapproximately 7.3. or the quarter, the Company reported a net loss o $25.3million or $1.11 per share. This includes a net loss rom discontinuingoperations o $18.2 million or $.80 per share. The Company also reported cost reductions across the organization including areduction in orce and compensation reductions or all o its employeesworldwide.