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  • Magazine

The Turnaround Kings: BE 100s Financial Services Company of the Year

By applying its proprietary operating principles (the details of which were not fully disclosed), Vista turned Sunquest around. In two years, Sunquest’s revenues increased to $185 million with $100 million in EBITDA. Four years later, revenues grew to $200 million with $120 million in EBITDA. Vista ended up selling Sunquest to Roper Industries, a provider of engineered products and solutions, for $1.4 billion, a return of more than 400% on Vista’s initial investment. “We’re not guessing. We’re not stock picking. We’re not placing bets,” says Smith. “We have designed a system that we use to give us a predictable outcome.”

  • Entrepreneurship

FDIC Seeks Insurance Increase

The Federal Deposit Corporation approached Congress this afternoon about increasing the federal deposit insurance limit in hopes that the move will reassure nervous savers and help small businesses. Rep. Barney Frank of Massachusetts, said in a memo to members of the House Financial Services Committee that "Sheila Blair, chairman of the FDIC, notified me that they will be requesting authority to increase deposit insurance limits. We will provide additional details as we have them,'' according to Bloomberg.

History in the Making: Social Media Week Expands to Africa
  • Technology

History in the Making: Social Media Week Expands to Africa

Social Media Week Lagos made its debut on Monday. Attendees have the opportunity to sit in on panel discussions featuring well-known technology ninjas and social media aficionados, as well as expect to hear about how to use leverage social media tools for business success.

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