McGowan Capital Group

  • Best Resort Courses Include The Prairie Club Again

    The Prairie Club Hits the ‘Best’ List in Golfweek   In an official ranking released in December, Golfweek names both the Dunes and the Pines courses on its Top 100 Best Resort Courses in the US list. The Dunes course received a ranking of #26, and the Pines placed at #80.   To select the best courses, they are […]







  • Savigent Software Moves to Advance IIoT Solutions

    Savigent Software, a company specializing in event-driven manufacturing operations management software, recently joined the Industrial Internet Consortium® (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). As a member of IIC, Savigent will contribute its leading technology and expertise in manufacturing operations management software to the development of new business models, use-cases, reference architectures and joint solutions for the IIoT.







  • Sajan Named a Top 100 Company by EContent

    Sajan, part of the Harmony Funds portfolio of McGowan Capital Group and a leading provider of global language services and translation management system technology is honored to be named a Top 100 Company by EContent magazine for 2016 – 2017. The EContent 100 represents the most important companies in the digital content industry and also the trends in the industry that will be integral to success in the coming year. Now in its 16th year, this annual designation from EContent magazine reflects those companies – including Sajan and other industry leaders like Adobe, Google, HubSpot and IBM – that have made a difference in the digital content industry over the past 12 months. The category for Sajan is “Content Translation, Localization and Globalization.”







  • Prairie AquaTech Featured in Prairie Business Magazine

    Prairie AquaTech is a small company now, but developers say if it can help farmers in the Dakotas and Minnesota capitalize as a substitute for high-demand fishmeal on the world’s fish farms, it could bloom into something bigger. Created in 2012 as DAST LLC, Prairie AquaTech is developing an enhanced microbial conversion to produce high-protein feed that is converted into pellets for aquaculture. The same processes can be used to make feed for other farm animals, pets and humans.







  • Sajan’s Financials for 2nd Quarter and First Half of 2016

    Sajan, part of the McGowan Capital Group portfolio, recently announced its second quarter financial results along with financials for the first half of 2016, compared to financial results for the same periods in 2015. The CEO, Shannon Zimmerman, discussed new sales and marketing activities that have been implemented to gain new customers and increase business from current customers.







  • Sajan Announces First Quarter Financials

    Sajan, part of the McGowan Capital Group portfolio, recently reported financial results for first quarter ended March 31, 2016. Revenues were $6,777,000, which represented a decrease of 9% compared to revenues of $7,481,000 for the quarter ended March 31, 2015. The Company reported a net loss of $200,000 for the quarter ended March 31, 2016 compared to net income of $4,000 for the same period last year. Adjusted EBITDA was $27,000 for the quarter ended March 31, 2016 compared to $346,000 for the quarter ended March 31, 2015. Revenues were $6,777,000, which represented a decrease of 9% compared to revenues of $7,481,000 for the quarter ended March 31, 2015. The Company reported a net loss of $200,000 for the quarter ended March 31, 2016 compared to net income of $4,000 for the same period last year. Adjusted EBITDA was $27,000 for the quarter ended March 31, 2016 compared to $346,000 for the quarter ended March 31, 2015.

    Sajan CEO Comments on First Quarter Results

    Shannon Zimmerman, CEO of Sajan commented, “Our first quarter is typically impacted by slower translation spending by our customers. This year we saw this seasonality manifest itself in the pattern displayed by last year’s first quarter top 10 customers. Seven of these top 10 customers had an aggregate 30% decrease in revenue. This pattern was repeated with many of our customers during the quarter, and although we benefited from new business and current customers with increased spending in the quarter, the overall impact was a 9% decline in total revenue. I would like to emphasize that our relationships with our customers are strong and that we are well positioned to see revenue growth during the rest of the year.”