CRM Small/Mid Cap Value Inv (CRMAX)

NEW YORK--(BUSINESS WIRE)--Cramer Rosenthal McGlynn LLC, (“CRM”), a leading value equity manager with a 45-year track record, entered into a management buyout agreement to repurchase the entire ownership stake of CRM currently held by Wilmington Trust Corporation. "With the finalization of this agreement, the employees of CRM have completed a long-held goal of repurchasing the non-employee ownership of the firm in order to better align our interests with those of our clients and stakeholders, after a long and prosperous relationship with Wilmington Trust," said CRM President Chris Barnett. "At CRM, we regularly discuss the importance of timing in the context of investing. With this repurchase, we see a confluence of factors that enables us to position our organization for the future success of our employees and our clients." CRM will continue to be led by an Executive Committee consisting of Mr. Barnett, and Chief Investment Officer Brian Harvey. The CRM investment research team, which has been working together for nearly a decade, will continue to execute CRM's disciplined approach focused on change, low Wall Street coverage, and relative valuation, that has served clients well since the firm’s inception. "Our industry is going through a significant transformation," said Mr. Harvey. "Times like these can be challenging but they are often the most propitious moments to create and build value. CRM has always had a strong entrepreneurial mindset and this transaction will further enhance our unique culture with a focus on differentiated, concentrated investing." Founded in 1973 by Gerry Cramer, Ed Rosenthal, and Ron McGlynn, CRM is a leading value equity firm with $3.8 billion under management as of June 30, 2019. The firm serves corporate and public pension plans, endowments and foundations, hospitals, community and religious organizations, Taft-Hartley and multi-employer funds, private banks, sub-advisory, as well as individuals and family trusts. In addition to managed accounts, the firm has five public mutual funds: CRM Long/Short Opportunities Fund (CRIHX), CRM Small Cap Value Fund (CRISX, CRMSX), CRM Small/Mid Cap Value Fund (CRIAX, CRMAX), CRM Mid Cap Value Fund (CRIMX, CRMMX), and CRM All Cap Value Fund (CRIEX, CRMEX), and a self-managed Dublin based UCITS.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Concentrix Corporation, a wholly-owned subsidiary of SYNNEX Corporation (NYSE:SNX), a global business services company, announced that Concentrix was honored by SugarCRM, one of the world’s fastest growing customer relationship management (CRM) companies, as one of the top performing North American channel partners. Top performers were required to achieve business growth between 2010 and 2011 and to secure at least $20,000 in new SugarCRM subscriptions. Concentrix accomplished 300% growth overall, and 90% of subscriptions were for SugarCRM’s Enterprise Edition. Concentrix began partnering with SugarCRM in 2008. Since then, Concentrix has deployed tailored SugarCRM solutions globally for customers with customization in six languages (Mandarin, Arabic, Russian, French, Spanish and English). Concentrix is also the only SugarCRM Gold Partner exclusively focused on meeting the global Business Process Outsourcing (BPO) needs of its clients. “Concentrix is honored to be selected by SugarCRM as one of its top performing partners,” said Chris Caldwell, President of Concentrix. “Our ability to leverage the SugarCRM platform globally has created new opportunities for Concentrix to provide a unique level of service and support to our customers.” “Our growth is very much due to the consistent efforts of our channel partners like Concentrix,” said Jeff Campbell, Vice President of Worldwide Sales and Customer Advocacy for SugarCRM. “Concentrix has successfully been able to secure and retain top enterprise-level customers and customize SugarCRM to each customer’s specifications. We are looking forward to seeing Concentrix continue the momentum in 2012.” For more information on Customer Relationship Management platform deployment capabilities through Concentrix, visit www.concentrix.com/technology-platforms/crmax. About Concentrix Concentrix Corporation is the global business process outsourcing division of SYNNEX Corporation with award-winning expertise in providing our clients with platforms and services to support the customer lifecycle. From locations in the Philippines, China, Costa Rica, Nicaragua, the United States, United Kingdom, Hungary, India and Japan, our more than 7,500 employees support millions of transactions in multiple languages and countries worldwide. Concentrix Corporation is a wholly-owned subsidiary of SYNNEX Corporation (NYSE:SNX), a Fortune 500 company. For more information, please visit www.concentrix.com. Safe Harbor Statement Statements in this release that are forward-looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release. Copyright 2012 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, and CONCENTRIX Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners. SNX-G