Welcome!

Microsoft Cloud Authors: Elizabeth White, Liz McMillan, Mihai Corbuleac, Pat Romanski, David Bermingham

News Feed Item

Grupo Salinas Makes Strong Advances in 2012

—Grupo Elektra surpasses 6,000 points of sale in 9 countries, after the acquisition of Advance America—

MEXICO CITY, Jan. 2, 2013, /PRNewswire/ -- Grupo Salinas (www.gruposalinas.com), a group of dynamic, fast-growing and technologically advanced companies deeply committed to the modernization of the countries in which they operate —founded by Mexican entrepreneur Ricardo Salinas (www.ricardosalinas.com) —announced today that 2012 was a year of great strategic advances and significant operational achievements by its companies.

Grupo Elektra (www.grupoelektra.com.mx) —Latin America's leading financial services company and specialty retailer—almost doubled its distribution network, reaching more than 6,000 points of sale in 9 countries, through organic growth and the acquisition of Advance America (www.advanceamerica.net), the largest non-bank provider of cash advance services in the United States.  The increased distribution network strengthened the company's already close relationship to its target market, which is an important  competitive advantage.

The purchase of Advance America added more than 2,400 points of sale in 29 states in the US. The company grants close to 10 million short term loans yearly to a market segment with strong dynamism, building solid brand awareness in the US.  This acquisition additionally widens and diversifies the consolidated income of Grupo Elektra, driving its solid growth perspectives.

With more than 16 million active credit accounts and more than 15 million deposit accounts, Banco Azteca (www.bancoazteca.com.mx) a subsidiary of Grupo Elektra, consolidated itself as the largest bank with a focus on the base of the socioeconomic pyramid in Mexico —a country with approximately 25 million households.  The Bank generated competitive loans, increased the wellbeing of its clients, and expanded the patrimony of families that were unattended by traditional financial institutions.

Punto Casa de Bolsa —Punto Brokerage— (www.puntocasadebolsa.com), started operations with the highest quality and efficiency in client services standards in 2012, complementing the solid operations of Grupo Elektra and reaffirming its commitment with the development of the Mexican financial system, and the strengthening of overall economy.

In the media sector, Azteca (www.azteca.com) —one of the two largest producers of Spanish-language television programming in the world— inaugurated its new Azteca Novelas soundstages, the most modern in Latin America. The seven forums, measuring over 5,000 m2 further boosted the company's capacity for stellar productions, which continue to attract large audiences and effectively bring advertisers' brands to target markets.  On the other hand, Proyecto 40 (www.proyecto40.com), increased its coverage in Mexico through digital transmission, and offered programming with informational, opinion, investigation, and debate segments, with the most remarkable voices in Mexico on culture, society, economy, and politics; contributing to a plural and better informed country.

In the telecommunications industry, Azteca builds and will operate the most important fiber optics network in Latin America, with a coverage of close to 80% of the Colombian territory, in 753 municipalities. With the operation of the network, Azteca will have even more dynamic growth, as well as diversification, and income strengthening; in addition to the solid performance of the broadcast television business.

Also in the telecommunications sector, Grupo Iusacell (www.iusacell.com) —a cellular phone operator that provides a wide range of services and multimedia applications— continued driving world class communication alternatives to millions of users in Mexico, while Totalmovie (www.totalmovie.com) —a leading company in the OTT (Over the Top) video streaming industry— has presence in 40 countries and will offer the first OTT and live television service over the Internet in the world.

The combined income of the companies of the Group was remarkable, and represented close to 1% of Mexican gross domestic product in 2012. The companies of the group directly employed close to 90,000 people in 10 countries in the Americas.

In addition to generating social value through solid business operations, Grupo Salinas continued its activities of direct social action; it developed important initiatives through Fundacion Azteca (www.fundacionazteca.org), which celebrated its 15th anniversary. Some of those initiatives are Limpiemos Nuestro Mexico (www.limpiemosnuestromexico.org) which, in its fourth edition, united 6,200,000 volunteers to collect and separate 30,500 tons of garbage, creating consciousness regarding  the need to care for the environment; through Esperanza Azteca (www.esperanzaazteca.com.mx), in only three years it integrated a network of 54 youth orchestras and choirs —with the participation of 12,000 underprivileged children— and  the goal of promoting important values and developing better human beings through music.  

Jugueton (www.azteca.com/jugueton) collected more than 16 million toys that generated the smiles of children. Six Movimientos Azteca —televised awareness and fundraising campaigns that encourage social and environmental co responsibility— took place. On the other hand, Plantel Azteca provided free excellent junior high and technical high school to more than 2,400 youngsters with outstanding academic performance. The efforts of Fundacion Azteca do not only improve the wellbeing of Mexican families, they also reach the US, Peru, Guatemala, and El Salvador.

The companies of the Group seek economic development while protecting the environment; this happens through the efficient use of resources.

The Group saved 135 thousand MWh or 14% of its energy consumption. This savings reduced the release of more than 90,000 tons of CO2 into the environment, an amount that would require a forest of 449,000 trees to be offset; the energy reduction is equivalent to the consumption of 81,500 households, saving 138,000 barrels of oil.

Through these advances, Grupo Salinas was awarded first place in the XVI National Electric Energy Savings Award.

Grupo Salinas also promoted the activities of Kybernus (www.kybernus.org) —an organization focused on developing political and social leadership; with values and commitment. The program has currently 350 participants and has presence in 12 states in Mexico; it seeks to continue expanding its reach to generate a better future.

Caminos de la Libertad (www.camionosdelalibertad.com), which seeks reflection on the concept on freedom, was also supported; together with the Aspen Institute there was analysis on the freedom to communicate, to protect the free flow of ideas and encourage contexts where freedom and communication prosper.  Additionally, the Group sponsored La Ciudad de las Ideas (www.ciudaddelasideas.com), which brought together brilliant minds in the city of Puebla to present avant-garde ideas to thousands of spectators.

Grupo Salinas also supported Fomento Cultural Grupo Salinas (www.fomentoculturalgruposalinas.com.mx), which diffuses art and culture through books, expositions and the promotion of handcrafts. It organized the exhibitions "Trip into the architectural patrimony of Mexico. The view of Peabody, Kahlo, and Vazquez," "Mexico in silver: five centuries of shared identity" and also organized the "Sixth National Silver Award," as well as publishing the books "Esperanza Azteca Symphonic Orchestra in La Constancia Mexicana" and  "Memoirs of the Sixth Essay Contest of Caminos de la Libertad."

Grupo Salinas believes that in addition to generating wealth, its companies are a medium to achieve social change and create better living conditions. The Group has over a 100 years of adding value to the communities in which it operates, and looks forward to firm advances in 2013.

Grupo Salinas Profile.

Grupo Salinas (www.gruposalinas.com) is a group of dynamic, fast growing, and technologically advanced companies focused on creating shareholder value, building the middle class, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include: Azteca (www.tvazteca.com.mx ; www.irtvazteca.com) Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Advance America (www.advanceamerica.net),  Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings.

Contact: Daniel McCosh; +011-(5255)1720-0059; [email protected]

SOURCE Grupo Salinas

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.