Presidio

Everything is connected. And this connectivity is changing the way everyone does business. We see in this transformation not just complexity, but opportunity. Not merely the risk, but the potential for unlimited possibilities.  That’s because we understand that the backbone of this unprecedented level of connection, its nervous system, is Information Technology. At Presidio, we think, architect, implement and support the practical reality of IT every day.  We make it possible for our clients to harness the limitless power of IT to drive their business forward. By taking the time to deeply understand how your business works we architect transparent, enduring technology solutions that meet your immediate needs – and prepare you for tomorrow.  Presidio partners with industry leaders to develop and support the answers to our clients’ IT challenges. We’ve earned the highest certifications from all of our strategic partners.  As one of the largest solutions providers in the U.S., we combine experience and stability with regional expertise and service, so you can rest assured we’ll be there to help you locally with the ability to cover your global business needs.

NEW YORK, Jan.  10, 2020  (GLOBE NEWSWIRE) -- Presidio, Inc. (together with its subsidiaries, “Presidio,” the “Company,” “our” or “we”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers, announced today that its wholly-owned subsidiary, Presidio Holdings Inc. (“Presidio Holdings”), intends to offer, subject to market and other conditions, $400.0 million in aggregate principal amount of new senior secured notes due 2027 (the “Secured Notes”) and $400.0 million in aggregate principal amount of new senior notes due 2028 (the “Unsecured Notes” and together with the Secured Notes, the “Notes”) in a private offering. The Secured Notes will be senior secured obligations of Presidio Holdings and will be guaranteed by certain of its domestic subsidiaries. The Unsecured Notes will be senior unsecured obligations of Presidio Holdings and will be guaranteed by certain of its domestic subsidiaries.

Presidio Announces $800 Million Notes Offering

Heritage Commerce

SAN JOSE, Calif., Oct.  14, 2019  (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company ("Heritage" or the "Company") for Heritage Bank of Commerce, today announced that it has completed the acquisition of Presidio Bank (“Presidio”) of San Francisco, CA, effective October 11, 2019. Pursuant to the previously announced terms of the merger, Presidio shareholders are entitled to receive 2.47 shares of Heritage common stock in exchange for each share of Presidio Stock, plus cash in lieu of any fractional shares. 

Heritage Commerce Corp Completes Acquisition of Presidio Bank

NEW YORK, Sept.  26, 2019  (GLOBE NEWSWIRE) -- As previously announced, on August 14, 2019, Presidio (NASDAQ: PSDO) entered into an Agreement and Plan of Merger (the “Merger Agreement”) to be acquired by funds advised by BC Partners in an all-cash transaction valued at approximately $2.1 billion, including Presidio’s net debt. 

Presidio, Inc. Announces Amendment of Merger Agreement with BC Partners to Increase Consideration to $16.60 per share

Presidio (PSDO) delivered earnings and revenue surprises of 10.81% and 7.22%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Presidio (PSDO) Beats Q4 Earnings and Revenue Estimates

Record Quarterly Revenue, up 9.8% year over year  Quarterly Cash Dividend Declared of $0.04 per share

Presidio, Inc. Reports Fourth Quarter and Year-End Fiscal 2019 Results

SAN JOSE, Calif., Aug.  28, 2019  (GLOBE NEWSWIRE) --  Heritage Commerce Corp (Nasdaq: HTBK) , the holding company (the “Company”) for Heritage Bank of Commerce, and  Presidio Bank   (OTCBB: PDOB)  today announced that on August 27, 2019, shareholders of both Heritage Commerce Corp and Presidio Bank approved the previously announced merger agreement where Presidio Bank will merge with and into Heritage Bank of Commerce in an all-stock transaction, subject to the terms and conditions set forth therein.

Heritage Commerce Corp and Presidio Bank Shareholders Approve Merger Agreement

SAN JOSE, Calif., Aug.  20, 2019  (GLOBE NEWSWIRE) -- Heritage Commerce Corp (Nasdaq: HTBK), the holding company (“Heritage” or the “Company”) for Heritage Bank of Commerce, today announced that it had received the required regulatory approvals from the Federal Reserve and the State of California Department of Business Oversight relating to the previously announced Agreement and Plan of Merger and Reorganization (the “Agreement”) where by Presidio Bank will merge with and into Heritage Bank of Commerce in an all-stock transaction, subject to the terms and conditions set forth therein.  The transaction is expected to close in the fourth quarter of 2019, subject to approval by both Heritage shareholders and Presidio Bank shareholders at meetings to be held on August 27, 2019 and satisfaction of customary closing conditions.  Upon completion of the transaction, the combined company will have approximately $4.0 billion in assets and 17 branches in the Greater San Francisco Bay Area, after branch consolidation.

Heritage Commerce Corp Receives Regulatory Approvals to Acquire and Merge with Presidio Bank

Inmode Ltd

Purple Innovation

Good news from these companies helped them avoid a big market sell-off.

Why Purple Innovation, Presidio, and InMode Jumped Today

The IT solutions provider is going private.

Why Shares of Presidio Surged Today

Presidio, Inc. (NASDAQ: PSDO) has entered into a definitive agreement to be acquired by funds advised by BC Partners in an all-cash transaction valued at approximately $2.1 billion.

Presidio To Be Acquired By BC Partners For $2.1B

Presidio Inc.  said it's going to be bought by BC Partners for $2.1 billion including assumed debt, or $16 per share in cash.

Presidio to be bought by BC Partners in $2.1 billion deal

Chairman of the Board & CEO of Presidio Inc (NASDAQ:PSDO) Robert Cagnazzi bought 10,000 shares of PSDO on 06/07/2019 at an average price of $12.82 a share.

Presidio Inc (PSDO) Chairman of the Board & CEO Robert Cagnazzi Bought $128,200 of Shares

Presidio, Inc. (PSDO) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

Moving Average Crossover Alert: Presidio

Presidio, Inc. (PSDO) CEO Bob Cagnazzi on Q3 2019 Results - Earnings Call Transcript

Presidio (PSDO) delivered earnings and revenue surprises of 6.25% and 5.63%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Presidio (PSDO) Q3 Earnings and Revenues Top Estimates

Presidio (PSDO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Presidio Stock (PSDO)