Category Archives: MBA

Movista Raises $12m to Further Leadership Position in Workforce Management Space

(EDITOR’S NOTE: Below is a press release from Movista Inc., a company founded by April Seggebruch (Walton College B.S.B.A. 2005) and Walton MBA 2008 and Stan Zylowski (Walton MBA 2008).)

Bentonville, Ark. September 26, 2018 – Movista Inc., the leader in cloud-based labor and workforce management software for retailers, manufacturers, and service providers, announced its $12 million Series A growth equity investment. Funds will be used to deliver new product features, enhance technology innovation, expand sales and marketing, bolster talent development, and evaluate strategic opportunities. The investment, among the largest ever in an Arkansas based software firm, is led by New York based Level Equity, a software focused growth specialist with $1.65 billion in assets under management.

Movista, which turned eight years old in May, pioneered the use of smart device applications for managing mobile workforces. Demand for smart device software in the workplace has more than doubled for three consecutive years, with Movista’s recurring revenues up more than 300% since 2015. More than forty retail-focused enterprise clients leverage their smart platform to manage employees and contractors. Movista expects over 200,000 retail workers to be working on a daily basis, via their software, by 2020.

“Our goal is to have one million daily users within five years,” said CEO and Co-Founder, Stan Zylowski, “We will leverage the capital from this investment to expand and augment our product set, build a best-in-class business development team and share our story nationally.” April Seggebruch, COO and Co-Founder, further explained how having fresh capital changes dynamics inside the firm. “For the first time since our inception as a bootstrapped business, we now have the freedom to push every technical limit and innovate dramatically. We have plans in place and within twelve months will be installing solutions that were unimaginable even a few years ago.”

“We have closely tracked the explosive growth of BYOD and dedicated smart device usage within the enterprise for years and proactively identified Movista early on as a leader in the space” said Ben Levin, Founder and Co-CEO of Level Equity, who has joined Movista’s board of directors as part of the financing. “Their history in the retail market, exceptional and capital efficient growth and passionate commitment to client success sets them apart. We share their vision for continuing to build a world class workforce and labor management software business for retailers, manufacturers, and service providers.”

About Movista: Based in Bentonville, AR, Movista is a provider of mobile-first, real-time, enterprise-grade technical solutions to the retail market. The company, founded in 2010, employs nearly sixty employees across six states and serves more than forty clients including retailers, manufacturers and service providers. To learn more about Movista, visit www.movista.com.

U of A Sweeps Graduate Places at Governor’s Cup Competition

April 20, 2016 – FAYETTEVILLE, Ark. – University of Arkansas teams swept all three places Tuesday in the graduate division at the 2016 Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition.

Donald W. Reynolds Governor's Cup 2016 winners.
Photo by Beth Hall
From left: Cynthia Sides, David Zaharoff, Sean Smith, Drew McKinnon, Amy Hardwick, MJ Orellano, Carol Reeves, Corey Coston, Alan Ellstrand, Senior Associate Dean Anne O¹Leary-Kelly, and interim Dean Matt Waller.

VivImmune, a start-up biotechnology company that specializes in immunotherapy for bladder cancer, finished in first place and won $25,000. The company also won the AT&T Elevator Pitch Contest for $2,000 and the Delta Plastics Innovation Award for $5,000.

Actio Systems, which developed a patient reminder and intelligent rescheduling smartphone app for medical clinics and their patients, placed second and took home $15,000.

Third place and $10,000 went to deciLvl, a company using metamaterial research out of MIT to filter out harmful audio signals in noisy environments.

Read the full article in Newswire.

Walton MBA Team Competes in SEC MBA Case Competition

A team of four M.B.A. students from the Sam M. Walton College Business competed in the 4th Southeastern Conference MBA Case Competition held April 7-9, 2016, on the University of Arkansas campus.

Walton SEC MBA 2016
MBA students (l-r) Haley Cleous, Phil Keil, Ash Ganapathiraju and Clinton Rhodes represented the Sam M. Walton College of Business during the 4th Southeastern Conference MBA Case Competition held April 7-9, 2016, at the University of Arkansas. [photo credit: Jim Bailey]
The Walton team of Haley Cleous, Phil Keil, Ash Ganapathiraju and Clinton Rhodes had 24 hours to create a business plan to a case presented by Henkel Corp., a multinational company that produces consumer and industrial products and whose executives served as judges of the competition.

All 14 SEC universities participated in the event with the University of Alabama bringing home the top prize. The University of Florida placed second, Texas A&M University third and Mississippi State University fourth.

“I was impressed by the caliber of the students who represented the University of Arkansas and the SEC,” said Matthew A. Waller, interim dean of the Walton College. “All of the M.B.A. teams presented quality solutions to a leading international company’s business challenge. Each member of the 14 teams reflects the outstanding business sophistication and talent we have in the SEC.”

Other awards given during the divisional rounds included Best Presenter and Best Q&A.

SEC MBA 2016
MBA teams representing 14 SEC universities were on hand April 7-9, 2016, to compete in the 4th SEC MBA Case Competition. The Walton College at the University of Arkansas served as host for the event. [photo credit: Stacy Allred]
Sarah Gardener from Louisiana State University, Katie Lamberth from the University of Alabama, Lillian Niakan from Texas A&M University and Kate O’Hara from the University of Florida were named Best Presenters for their divisions.

The Best Q&A Awards were earned by Abhinav Bhattacharya from the University of Alabama, Sarah Crook from the University of Tennessee, Kendall Daniel from Texas A&M University and Carew Ferguson from Mississippi State University.

This marks the fourth year for the SEC MBA Case Competition, which provides an opportunity for SEC business schools to showcase their students’ skills at solving simulated, real-world problems that cover the spectrum of business disciplines. The 2017 SEC MBA Case Competition will be held at the University of Florida in Gainesville.

A complete list of winners from the 2016 competition is available at www.thesecu.com.

About SECU
The Southeastern Conference sponsors, supports and promotes collaborative higher education programs and activities involving administrators, faculty and students at its fourteen member universities. The goals of the SECU academic initiative include highlighting the endeavors and achievements of SEC faculty and universities; advancing the merit and reputation of SEC universities outside of the traditional SEC region; identifying and preparing future leaders for high-level service in academia; increasing the amount and type of education abroad opportunities available to SEC students; and providing opportunities for collaboration among SEC university personnel. To connect with SECU online – www.TheSECU.com; on Facebook – TheSECU; on Twitter – @TheSECU; on Instagram – @TheSECUniversity; and on YouTube – SECUniversity.

Walton College to Host 4th SEC MBA Case Competition

FAYETTEVILLE, Ark. – The Sam M. Walton College of Business at the University of Arkansas will host the 4th Southeastern Conference MBA Case Competition April 7-9, 2016, with 14 SEC universities participating.

Teams of four graduate students will present a business plan regarding a real problem faced by Henkel Corporation, which will also provide executives to serve as judges. Within a specific time restriction, the teams will analyze the problem, develop a solution and present their findings.

SEC University

“Walton College is proud to host this premier competition,” said Marion Dunagan, Walton College assistant dean, Graduate Programs. “The business plan competition highlights the outstanding talent we have in the Southeastern Conference and our significant contributions to the business world locally, nationally and globally.”

Competing teams will represent graduate business colleges from the University of Alabama, University of Arkansas, Auburn University, University of Florida, University of Georgia, University of Kentucky, Louisiana State University, University of Mississippi, Mississippi State University, University of Missouri, University of South Carolina, University of Tennessee, Texas A&M University and Vanderbilt University.

The University of Florida took first place in the 2015 SEC MBA Case Competition held at the Darla Moore School of Business at the University of South Carolina.

Henkel, headquartered in Düsseldorf, Germany, is known for brands such as Persil, Schwarzkopf and Loctite. Henkel North America produces brands such as Dial soaps, Purex laundry detergents, Right Guard deodorants, göt2b hair styling products and Loctite adhesives.

About the University of Arkansas: The University of Arkansas provides an internationally competitive education for undergraduate and graduate students in more than 200 academic programs. The university contributes new knowledge, economic development, basic and applied research, and creative activity while also providing service to academic and professional disciplines. The Carnegie Foundation classifies the University of Arkansas among only 2 percent of universities in America that have the highest level of research activity. U.S. News & World Report ranks the University of Arkansas among its top American public research universities. Founded in 1871, the University of Arkansas comprises 10 colleges and schools and maintains a low student-to-faculty ratio that promotes personal attention and close mentoring.