BOOMI, RED CROSS RAISE OVER AUD$27 MLN FOR FLOOD-AFFECTED COMMUNITIES

KUALA LUMPUR, Aug 25 (Bernama) -- Boomi, the intelligent connectivity and automation leader, successfully supported the Australian Red Cross to raise over AUD$27 million (AUD$1=RM3.11) by enabling real-time data access throughout the Australia Unites Telethon flood relief initiative.

Head of business development, Australia and New Zealand Nathan Gower said the applications and systems that make up the Red Cross donations process were put to the test during the telethon.

“The AUD$27 million raised is a testament to the connectivity and accuracy of data stitched into the charity’s technology outfit.

“Boomi’s role of integrating data to better connect people and donations will become more and more pronounced as the Red Cross focuses its support on helping Australian communities be better prepared for climate adaptation,” he said in a statement.

In February, communities in northern New South Wales and southern Queensland were hit by severe flooding that devastated thousands of people’s homes and livelihoods. 

All three major Australian commercial television networks subsequently hosted a live telethon to raise money for Red Cross’ work with affected households. 

With four days to prepare, the Red Cross teamed with Boomi to ensure its technology infrastructure could handle the magnitude of anticipated supporter engagement during the five-hour national broadcast.

For the Australia Unites Telethon, Red Cross rapidly scaled its Boomi services to focus on priority systems, including the MyRedCross portal, customer relationship management system Pivotal, financial application Technology 1, and other internal cloud services, to maintain seamless connections for the duration of the live event.

Boomi’s local support team assisted with the preparation and remained on standby to ensure the technology performed as intended.

-- BERNAMA

UserTesting partners Tbot Techno Systems to bring human insight to organisations across India, Singapore

KUALA LUMPUR, Aug 24 (Bernama) -- UserTesting, a leader in video-based human insight, has partnered with Tbot Techno Systems, a global consulting and technology services company, to bring human insight to more organisations across India and Singapore.

A joint statement by UserTesting and Tbot Techno Systems today said through the partnership, Tbot Techno Systems served as a reseller of the UserTesting Human Insight Platform that would enable more Indian and Singaporean organisations to quickly see the value of first-party insights and help them to design and deliver innovative digital experiences.

“The pandemic created significant changes in buying patterns and behaviours around the globe and has had a particularly strong impact on how consumers engage with businesses in India and Singapore with a big shift towards digital experiences.

“As we continue to grow throughout these regions to meet the demand for human insights we look forward to building our strategic partnership with Tbot Techno Systems to help companies accelerate innovation and create exceptional experiences with UserTesting,” UserTesting vice president of sales for Asia Pacific GB Kumar said.

Meanwhile, Tbot Techno Systems chief executive officer Snehal Parikh said the partnership with UserTesting would enable the company to offer customer-centric SaaS solutions to organisations and accelerate their growth journey in becoming market leaders.

He said the partnership offered Indian and Singaporean companies a new and trusted way to adopt the UserTesting Human Insight Platform with added consulting services from Tbot Techno Systems, including support and training services.

The UserTesting Human Insight Platform is trusted by major consumer brands across Asia-Pacific such as Tata, Mahindra, HDFC Life and leading technology brands like Wipro, Amazon, Make My Trip, Cars24 and Razorpay, among others.

-- BERNAMA

Cellebrite Wins Multiple Forensic Focus 4:cast Awards, Continuing a Decade-Plus Track Record of Digital Forensics Leadership

Cellebrite sweeps the categories and wins every major award, including DFIR Commercial Tool of the Year and Investigator of the Year three years in a row

PETAH TIKVA, Israel and TYSONS CORNER, Va., Aug 24 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that it was honored with winning all the categories for which the company was nominated at the prestigious 2022 Forensic Focus 4:cast awards.

Cellebrite winning every major award for which it was nominated, including DFIR Commercial Tool of the Year and the Investigator of the Year for the third year in a row, proves its continual leadership in digital forensics. This is the 13th consecutive year that Cellebrite has competed in the awards, which began 15 years ago.

Leeor Ben-Peretz, Chief Strategy Officer at Cellebrite, stated: “Winning these awards is validation from the digital forensics community that our portfolio of solutions and staff are world-class. We would like to thank the SANS Institute and Forensic Focus for producing a show that recognizes the best in the industry. Building on our years-long success, we will continue to provide the community with technological innovation that accelerates digital investigations.”

Cellebrite is honored to have received the following awards:

DFIR Commercial Tool of the Year: Awarded to Cellebrite for the suite of tools it produced to speed up and help validate data pertaining to investigations.

Digital Forensic Investigator of the Year: Cellebrite’s investigator won due to the tireless work and research produced every day. The award validates the investigators’ willingness to lend a helping hand no matter the time of day.

DFIR Team of the Year: Receiving this award demonstrates that the DFIR community perceives Cellebrite as their strategic partner, part of their team, working together side by side to promote the concept of “trust but verify.”

DFIR Degree Program or Training Class of the Year: This award recognizes the comprehensive practical offering of guided training courses and certifications, all designed to prepare analysts, law enforcement, and enterprise customers to tackle investigations and technology effectively.

DFIR Social Media Contributor of the Year: In this era of social media, content is king. The Cellebrite social media contributor of the year who won this award is the ultimate contributor of social content. The contributor is always passionate about work and is constantly tweeting, posting, and sharing tips and tricks to the DFIR community.

DFIR Blog of the Year: The Cellebrite Ask the Expert blog series is a platform Cellebrite utilizes to share its findings and insights with the community.

DFIR Show of the Year: During the Covid-19 pandemic the company introduced the I Beg to DFIR webinar. This show runs monthly and focuses on new research, customer questions, and Q&A with our R&D team.

DFIR Article of the Year: Cellebrite’s investigators and thirteen co-authors crafted an article and webinar, named Six Steps to Mobile Validation, that offers DFIR experts the tools they need for handling, documenting, preserving, and validating evidence from a mobile device.

DRIF Capture the Flag (CTF) of the Year: Since its introduction in 2020, the Cellebrite CTF was a huge hit. With thousands of participants across the globe, the CTF has become the industry standard for in-depth CTFs.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media

Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910


Source: Cellebrite DI Ltd

 

TDCX posts 19.6 pct rise in profit to US$19.3 mln in Q2 2022

KUALA LUMPUR, Aug 25 (Bernama) -- TDCX Inc, an award-winning digital customer experience (CX) solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2022 (Q2 2022).

The company recorded total revenue of US$116.6 million (US$1=RM4.48) for the quarter, up 23.3 per cent year-on-year (y-o-y), while profit for the period rose 19.6 per cent y-o-y to US$19.3 million. Adjusted net income surged 35.5 per cent y-o-y to US$21.8 million.

“Southeast Asia’s fundamentals remain attractive to companies seeking long-term growth,” said chief executive officer and founder of TDCX, Laurent Junique, in a statement.

“Given our established network, local market expertise and robust talent pool, we continue to attract and support clients in realising their growth ambitions in this region.”

Meanwhile, TDCX has also signed up 25 new logos since the start of the year, more than triple the eight logos signed in the first half of 2021 (1H 2021). New logo wins in Q2 2022 included a leading regional airline, as well as one of Southeast Asia’s largest integrated car e-commerce platforms.

In addition, it recorded 60 clients with campaigns that had been launched as at June 30, 2022, a 40 per cent increase as compared with 43 launched clients as at June 30, 2021. Revenue contribution from new economy clients stood at 93 per cent for 1H 2022.

For the full-year 2022, TDCX expects to post a revenue of S$650 million to S$675 million (S$1=RM3.22). Full-year 2022 outlook remains unchanged in Singapore dollars. This equates to US$467 million to US$485 million.

TDCX employs more than 16,000 employees across 26 campuses globally, specifically in Singapore, Malaysia, Thailand, the Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain, and Colombia.

-- BERNAMA

Dominica tops annual CBI Index

KUALA LUMPUR, Aug 24 (Bernama) -- The Commonwealth of Dominica came out tops in the annual citizenship by investment (CBI) Index, a rating system designed to measure the performance and appeal of global CBI programmes across a diverse range of indicators.

The index is intended as a practical tool to compare CBI programmes based on nine pillars -- freedom of movement, the standard of living, minimum investment outlay, mandatory travel or residence, citizenship timeline, ease of processing, due diligence, family and certainty of product.

Rated number one for six consecutive years, Dominica beat 11 other nations with active CBI programmes and scored full marks in the areas of minimum investment outlay, mandatory travel or residence, ease of processing, due diligence, family and certainty of product, according to a statement.

It said Dominica continues to be on a concerted drive to offer investors – through its Economic Diversification Fund and government-approve real estate options – a reliable safe haven amidst the constant global upheavals.

The CBI Index is the world’s most definitive guide on CBI, published by PWM Magazine, a publication from the Financial Times, in collaboration with CS Global Partners.

-- BERNAMA

Trax launches suite of solutions to solve biggest pain points in retail

KUALA LUMPUR, Aug 24 (Bernama) -- Trax, a leading global provider of computer vision solutions and analytics for retail, has launched ‘Trax CPG NXT’, a suite of next-generation computer vision-powered solutions designed to address the most salient issues facing consumer packaged goods (CPG) manufacturers.

“The introduction of Trax CPG NXT marks an important milestone for the company. Being focused on both value and outcome for our customers has always been a point of pride for Trax,” said chief product officer Barak Turovsky in a statement.

Managing director APAC & EMEA Karine Eloy said: “With the global launch of Trax CPG NXT, we are proud to offer CPG brands in India our latest suite of solutions which provides manufacturers better visibility and control even in unstructured, traditional retail environments.”

With Trax CPG NXT, clients benefit from more than a decade of deep industry expertise and experience enabling brands to drive more effective and efficient in-store execution.

The suite of solutions offers industry best practices for incremental growth. The four solutions include Trax Field Optimizer, Trax Perfect Store, Trax Category Excellence, and Trax Contract Compliance, each available now globally.

Trax Field Optimizer empowers sales representatives and merchandisers with computer vision-powered, real-time shelf insights to fix execution gaps and drive incremental sales in the store, while Trax Perfect Store provides headquarters and field teams with visibility into store conditions to manage their Perfect Store programmes.

Trax Category Excellence provides category teams with powerful shelf insights and trends about the entire category, while Trax Contract Compliance provides key account, category, and trade marketing teams with accurate visibility on how trade agreements are being executed in stores.

-- BERNAMA

JUNIPER RESEARCH: NFT TRANSACTIONS TO REACH 40 MILLION GLOBALLY BY 2027; LIMITED BY MARKET CONTROVERSY

Metaverse Adoption Driving Modest 64% Growth After Crypto Slump

BASINGSTOKE, England, Aug 22 (Bernama-BUSINESS WIRE) --  A new study from Juniper Research has found the global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027. This is based on our medium scenario for adoption, with brands leveraging the metaverse to boost digital growth. It cautioned that although NFTs present a new channel for growth, vendors must be cognisant to the risks of operating in an unregulated environment home to fraudulent activities and scams.

An NFT is a unique token that exists on the blockchain, meaning it cannot be replicated. This unique token could represent real-world items like artworks or music, with the ability to be traded with a transparent transaction history.

· To find out more, see new research report: NFTs: Future Opportunities, Segment Analysis & Market Forecasts 2022-2027 

· For more insights, download our free whitepaper: NFTs ~ Seizing the Metaverse Opportunity
 
Major Concerns Regarding Environmental Impact and Scams

The report stresses that vendors who partake in the NFT space may risk brand damage by association, due to the role NFTs have had in illegal activities, such as money laundering, scams and fraud. Environmental issues were also raised as a major concern, with the current way transactions are facilitated on the blockchain creating massive energy usage.

It emphasised the need for regulators to work with industry bodies to standardise processes with reduced environmental impact and built-in consumer protections to enable vendors to utilise NFTs as a medium to further engage with consumers.

Metaverse to Be a Redeeming Factor to the Long-term Success of NFTs

The report predicts metaverse-linked NFTs will be the fastest-growing NFT segment over the next 5 years; increasing from 600,000 transactions in 2022 to 9.8 million by 2027. It highlights rising demand for immersive experiences as a driver of metaverse adoption.

To capitalise on this growth, the research urges consumer-facing businesses to create NFT‑based content to meet changing demands from a younger, tech-savvy demographic, who are more ready to purchase novel forms of online and digital content.
 

NFTs market research: https://www.juniperresearch.com/researchstore/devices-technology/nfts-research-report


Download the whitepaper: https://www.juniperresearch.com/whitepapers/nfts-seizing-the-metaverse-opportunity


Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220821005001/en/


Contact

Contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com 

Source : Juniper Research 

--BERNAMA

Cellebrite Introduces Streamlined Collection & Review to Investigative Analytics Workflow

Integrating the Collection & Review and Investigative Analytics functions resolves cases faster and accelerates time to justice

PETAH TIKVA, Israel and TYSONS CORNER, Va., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced the launch of an automated and secure system that enables investigative analytics stakeholders to collect, review, and analyze data in an integrated workflow.

By providing a secure and frictionless process, Cellebrite is breaking down silos and accelerating the analysis of evidence. The streamlined process gives enriched data to examiners, analysts, and prosecutors to execute their respective roles.

With a more efficient workflow, Cellebrite is eliminating pain points by empowering agencies to provide data to the analysis team rapidly with secure storage and decoding, delivering a richer investigative data set.

Cellebrite is improving scalability, accountability, and auditability compared to previous methods.

Ori Nurick, Executive Vice President of Portfolio Strategy at Cellebrite, stated: “Every second counts in complex examinations that require access to data, and the conversion of retrieved data into a readable format eases the process on law enforcement. By streamlining the transfer of data to the investigative team, we are providing our customers the tools to shave hours off their workflows and bring evidence to prosecutors faster.”

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
+1 404.804.5910
victor.cooper@cellebrite.com

Source: Cellebrite DI Ltd

Anaqua receives recognition for IP legal offerings

KUALA LUMPUR, Aug 19 (Bernama) -- Anaqua, the leading provider of innovation and intellectual property (IP) management technology, has been recognised by the customer review site G2 and the Software as a Service (SaaS) Awards for its law firm offerings.

“Over the past two years we have been actively strengthening and expanding our IP management law firm offerings through organic product development as well well as the strategic acquisition and successful integration of specialist IP technology and service providers.

“We’ve continued to grow our team and capabilities globally to better serve the IP law firm space and this recognition confirms our investments have helped law firms around the world in their practice,” Anaqua chief executive officer Bob Romeo said in a statement.

The company’s automated docketing software, PATTSY WAVE, earned three 2022 G2 badges from customer reviews, and its IP management platform, AQX Law Firm, made the SaaS 2022 shortlist under the Best SaaS Product for law and legal services category.

The three G2 recognition badges, Leader, Easiest to Use and Momentum Leader, are awarded based on customer reviews and are a strong indication of high customer satisfaction with the software.

In addition, Anaqua’s AQX Law Firm was named to the SaaS Awards Shortlist in the Best SaaS Product for Law and Legal Services category for increasing productivity and reducing risk by simplifying the law firm’s workflow, keeping IP safe for clients and offering actionable insight to IP teams.

The G2 and SaaS recognitions come after two successful years of organic and inorganic growth in the legal IP space.

In the past few months, Anaqua announced the expansion of PATTSY WAVE into the European market and the acquisition of the intelligent time capture software WiseTime.

-- BERNAMA

upGrad appoints Myleeta AgaWilliams as CEO-International

KUALA LUMPUR, Aug 18 (Bernama) -- Asia’s largest higher EdTech Company, upGrad has announced the appointment of Myleeta AgaWilliams as chief executive officer (CEO)-International to spearhead growth across the Asia Pacific, Europe Middle East & Africa and US regions.

With over two decades of experience in global and digital businesses, AgaWilliams will be responsible for managing end-to-end international operations and creating region-specific product pipelines, thereby driving high-impact revenue and profitability results.

upGrad co-founder & managing director Mayank Kumar commented on the appointment in a statement: “We are at such a high point of our international expansion that we require a leader who has seen these markets evolve to make sound business decisions.

“Myleeta, who has built and scaled operations across niche markets including Asia, will continue to accelerate our ambition of becoming a global leader within the LifeLongLearning segment.”

In her new role, AgaWilliams will be leveraging her experience in scaling businesses through strategic interventions across content and global distribution for broadcast and streaming media.

She will engage with managerial teams based in multiple geographies, to align short and long-term business objectives for accelerating profitability.

Previously she has managed diverse product portfolios and led marketing and sales teams across geographies at Netflix, BBC Studios, Discovery and UTV, among others.

upGrad is an integrated LifeLongLearning tech company that offers online higher education programmes to college learners and professionals in the age bracket of 18 to 55 years in partnership with over 300 universities globally. 

-- BERNAMA

TOKIO MARINE ASIA PARTNERS ARBOR VENTURES TO ACCELERATE INSURANCE INDUSTRY'S DIGITAL TRANSFORMATION

KUALA LUMPUR, Aug 19 (Bernama) -- Tokio Marine Asia Pte Ltd has partnered with Arbor Ventures, a leading global financial and insurance technology-focused venture capital (VC) firm, to accelerate the digital transformation of the global insurance industry.

The Tokyo-headquartered insurance group has been promoting transformational digital initiatives on a global basis, leveraging on collaborations with startups and service providers with key strategic capabilities.

“Tokio Marine Asia is a world-renowned leader that Arbor Ventures is proud to add as a strategic partner in building the future of FinTech/InsurTech.

“Arbor Ventures looks forward to building the next generation of transformational InsurTech startups together,” Arbor Ventures managing partner Melissa Guzy said in a statement today.

To accelerate the identification and development of new business models, Tokio Marine Holdings Inc has announced the launch of its corporate venture capital (CVC) fund, Tokio Marine Future Fund, earlier in April 2022, partnering with World Innovation Lab to invest in early-stage startups.

Tokio Marine Asia will identify and invest directly in high-growth potential startups through the CVC fund in addition to partnering with Arbor Ventures and other leading VCs for unique insights and access to promising startups leading the digital transformation in Insurance. 

Arbor Ventures’ addition to Tokio Marine Asia’s group of collaborative VCs significantly heightens its future opportunities.

Arbor Ventures’ global connectivity and portfolio as well as its engagement in local markets will further enable Tokio Marine Asia group’s innovation labs, spread across seven cities, including Singapore, to collaborate broadly with synergy beyond borders.

-- BERNAMA

Cradlepoint NetCloud Exchange helps IT organisations transform business

KUALA LUMPUR, Aug 17 (Bernama) -- Cradlepoint, the global leader in cloud-delivered long-term evolution and 5G wireless network solutions, has announced NetCloud Exchange, an architectural extension of its NetCloud solution.

This is to help lean information technology (IT) organisations transform their business and amplify their 5G experience with advanced software-defined wide area network (SD-WAN) and Zero Trust capabilities, according to a statement.

“With the new NetCloud Exchange extension, NetCloud now offers new 5G- and security-first services to support enterprise WAN transformation, including end-to-end secure connectivity, hybrid SD-WAN, and Zero Trust networking – all lifecycle-managed through a single-pane-of-glass,” said Cradlepoint chief marketing officer Todd Krautkremer.

NetCloud Exchange is an intuitive, cloud-native solution built on policy-driven, zero-trust principles that delivers multiple SD-WAN and security services.

The new NetCloud Services will be delivered based on the NetCloud Exchange extension.

All services are delivered using the NetCloud Exchange Service Gateway — a scalable, resilient, software-based solution for private and cloud data centres that aggregates remote connections, provides flow-level visibility, and acts as the policy-enforcement point for the services it supports.

NetCloud Exchange Secure Connect and NetCloud Exchange Service Gateway are available immediately while other solutions will be available in the fourth quarter of 2022.

More details at www.cradlepoint.com.

-- BERNAMA

WHR Global announces Chris Lagerman as new president

KUALA LUMPUR, Aug 17 (Bernama) -- WHR Global Inc, a leader in the global employee relocation industry, has announced Chris Lagerman as new president, effective immediately.

WHR chief executive officer Roger Thrun believes Lagerman will continue to drive the success of WHR’s services and technology.

“Chris has been instrumental in our growth over the last 20 years and will continue the velocity of our global expansion. I am very proud that he is part of WHR,” said Thrun in a statement.

This promotion reflects Lagerman’s dedication to WHR and the global mobility industry. Over his 20-year tenure at WHR, Lagerman previously served as a relocation counsellor, client services manager and most recently, as director of global operations (DO).

As DO, Lagerman guided a team of client services managers throughout WHR’s offices in the US, Switzerland and Singapore. WHR helps some of the largest global organisations and has relocated tens of thousands of employees to over 100 countries worldwide.

“I'm honoured and grateful for this opportunity and I look forward to driving WHR's further growth,” said Lagerman.

Effective immediately, WHR also announced that Heather Hess has been promoted to director of global operations, leading all client services managers in the US, Switzerland and Singapore, while Peter Janotta has been promoted to client services manager.

WHR has offices in the US, Switzerland and Singapore. With its 100 per cent client retention rate for the past decade, WHR continues to position itself as the trusted leader in global employee relocation.

-- BERNAMA

NIPPON EXPRESS' NX AGRIGROW RECEIVES VIETNAMESE AMBASSADOR VISIT

KUALA LUMPUR, Aug 17 (Bernama) -- NX AgriGrow Co Ltd, a group company of Nippon Express Holdings Inc, received a visit from Vietnamese Ambassador to Japan Vu Hong Nam on August 4.

In a statement today, it said Vu recently made a tour of companies in Hokuto City, Japan during which NX AgriGrow was recommended to him by Hokuto Mayor Eiji Kamimura as a firm engaged in cutting-edge agriculture.

NX AgriGrow, formerly Nittsu Farm Co Ltd, was established by the Nippon Express in Hokuto City, west of Tokyo, in 2016.

The company has since been working with the local community on projects aimed at eliminating abandoned farmland, contributing to local employment and resolving other issues facing the city.

In February this year, NX AgriGrow concluded a comprehensive partnership agreement with Hokuto City to promote the sustained development of agriculture and revitalise the local economy.

It is also striving through Hokuto’s key industry of agriculture to create a new model for sustainable regional development.

-- BERNAMA

Chicago Booth's new executive education programme to help businesses accelerate growth

KUALA LUMPUR, Aug 15 (Bernama) -- The University of Chicago Booth School of Business has created a new, transformative executive education programme backed by executive demand and market research.

The Digital Innovation Strategy and Management (DISM) is a five-day in-person programme designed to help leaders incorporate digital capabilities into their company's DNA - ultimately supporting a more resilient organisation.

According to a statement, the programme will be held from Oct 31 through Nov 4 at the Gleacher Center in downtown Chicago.

Renowned Booth faculty will help executives reimagine their business through new lens that integrates digital capabilities to understand customers, modernise workstreams and scale outcomes.

“This programme is designed to help executives lead through rapid change by leveraging technology for tangible business value,” said Adjunct Professor of Entrepreneurship, Chicago Booth and DISM co-faculty director, Robert C. Wolcott.

Participants will discover how digital technologies transform business models, value chains and entire industries and how to evaluate an organisation's current innovation profile.

Attendees will also learn how to make decisions when data is incomplete or unreliable and examine disruptive global macro trends and strategic risk management frameworks.

The University of Chicago Booth School of Business is the second oldest business school in the United States and the first to teach executives.

-- BERNAMA

LeddarTech to demonstrate LeddarVision technology in China , US events

KUALA LUMPUR, Aug 12 (Bernama) --  LeddarTech®, a global leader in providing the most flexible, robust and accurate Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) sensing technology, has announced a series of events in China and the United States.

According to a statement, the events will focus on demonstrating their newest technology, LeddarVision™, a unique raw data fusion and perception solution.

LeddarVision is a flexible, robust, cost-effective, sensor-agnostic, and scalable auto-grade solution that delivers highly accurate 3D environmental models.

At the 12th New Energy Vehicle International Forum 2022, which will be held on Aug 18-19 in Suzhou, China, LeddarTech will present “Solving Key ADAS/AD Perception Challenges - Raw Data Fusion and Perception Technology.”

The 12th edition of this conference and exhibition on new vehicle technologies and design brings together hundreds of high quality industry participants from more than 15 countries and more than 50 esteemed speakers.

Meanwhile, in the ADAS & Autonomous Vehicle Technology Expo and Conference, which will be held in San Jose, USA on Sept 7-8, LeddarVision will demonstrate how raw data fusion technology simplifies complex sensor sets and eliminates the dependency on hardware to provide customers the flexibility to scale and deliver greater ADAS and AD performance quickly.

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain.

More details are available at www.leddartech.com.

-- BERNAMA

TUXCARE INTRODUCES PHP EXTENDED LIFECYCLE SUPPORT SERVICE

KUALA LUMPUR, Aug 11 (Bernama) -- TuxCare, a global innovator in enterprise-grade cybersecurity for Linux, has announced the general availability of its new PHP extended lifecycle support (ELS) service.

A commonly used, open-source scripting language, PHP is prevalent among web applications as well as widely used content management systems such as WordPress.

“Through this launch of our new PHP ELS service, TuxCare once again positions itself as a leading innovator that’s committed to providing powerful combinations of convenience and security for developers – enabling organisations to continue using existing code while still maintaining a strong security posture in regard to language-level vulnerabilities,” said Jim Jackson, president and chief revenue officer at TuxCare.

According to a statement, TuxCare’s new PHP Extended Lifecycle Support services arm organisations with the convenience and protection associated with ongoing updates for PHP language-level security issues.

TuxCare’s PHP ELS supports PHP 5 and onward. The service is also set to include support for some of the most widely used PHP libraries.

Headquartered in Palo Alto, California, TuxCare is relied upon by some of the world’s most discerning organisations, including technology leaders, financial institutions, government agencies, service providers, oil and gas companies and renowned higher education institutions.

More details at https://tuxcare.com.

-- BERNAMA

upGrad completes investment round of US$210 mln

KUALA LUMPUR, Aug 9 (Bernama) -- upGrad, Asia's higher edutech major, has announced a fresh round of fundraising from marquee investors and family offices joining the company’s capital (cap) table.

Participants in this round include ETS Global, Bodhi Tree, Singapore's Kaizen Management Advisors Pvt Ltd, Family Office of Bharti Airtel,  Narotam Sekhsaria Family Office, and Artian Investments.

According to a statement, the Founder Group also invested US$12.5 million in this round to maintain their over 50 per cent ownership in upGrad. 

“We welcome our new investors and industry veterans to the upGrad cap table.

“There is a massive Re-skilling Revolution taking place around the world and over the last five years, our more than 4,800 colleagues have worked hard and smart to be at the epicentre to take advantage of this, not just in India but around the world,” said co-founders of upGrad, Ronnie Screwvala and Mayank Kumar.

upGrad remained bullish with its programme completion rate of more than 80 per cent and has emerged as a global leader in the higher education segment.

It is also on track to record annual gross revenue of US$400-500 million in financial year 2023, where about 45 per cent of its total revenue will be realised from its own-brand online courses and programmes.

Launched in 2015, upGrad became a pioneer in the online education revolution, and currently has offices in the United Kingdom, the United States, the Middle East, India, Singapore and Vietnam, among others.

-- BERNAMA

BEST'S MARKET SEGMENT REPORT: AM BEST MAINTAINS STABLE OUTLOOK ON MALAYSIA'S NON-LIFE INSURANCE SEGMENT

SINGAPORE, Aug 4 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to its underwriting discipline and the market’s recovery following the economic fallout from COVID-19.

The Best’s Market Segment Report, “Market Segment Outlook: Malaysia Non-Life Insurance,” states that non-life gross written premium rose by 4.0% to MYR 21.97 billion (USD 4.95 billion) in 2021, 44% of which was driven by the general takaful segment. The increase follows a contraction in non-life premiums in 2020 and was driven by a recovery in most lines of business, especially fire, engineering and the growing motor takaful segment. Over the near to medium term, AM Best expects the segment’s growth to be supported by the country’s economic recovery and increased insurance penetration. Whilst economic growth has rebounded with the lifting of prolonged COVID-19-related social and business restrictions, the increased adoption of digitalisation has improved the ease of policy subscriptions and is helping to raise insurance penetration.

Prospectively, key lines of business, in particular motor and fire insurance are expected to drive the growth of the non-life insurance segment. Following the end of movement restrictions and lock-downs, motor insurance business is likely to expand over the near term, supported by growing new vehicle sales."

“Given the hardening of reinsurance rates for fire coverage in recent periods, primary insurers have been moderately increasing the pricing for fire,” said Susan Tan, financial analyst, AM Best. “Price increases for the fire line peaked in the fourth quarter of 2021 following the December flood event in Malaysia.”

The risk of capital market volatility remains and is likely to be subject to the ongoing global development and management of the pandemic and deteriorating supply chain issues. In response to these market conditions, AM Best expects non-life insurers to continue monitoring their underlying risk exposure to various investment classes, as well as actively adjust and refine their portfolio allocation as part of their risk management.

“As economic activity resumes with the easing of lock-down measures, a rise in claims frequency is likely to drive a contraction of underwriting profit,” said Kanika Thukral, senior financial analyst, AM Best. “However, AM Best expects that non-life insurers in Malaysia will maintain underwriting and pricing discipline.” 

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OneStream Software inks strategic partnership with EPM Global

KUALA LUMPUR, Aug 3 (Bernama) -- OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises has formed a strategic partnership with EPM Global Pte Ltd to transform CPM processes for sophisticated organisations around the globe.

According to a statement, this new partnership will provide industry-leading software and implementation expertise while driving efficiency in the office of finance for customers in Singapore and throughout Southeast Asia.

“We are thrilled to announce our partnership with EPM Global Pte Ltd and extend our presence around the globe,” said senior vice-president of Global Strategic Alliances at OneStream Software, Stephanie Cramp. 

“We believe that a strategic partnership with EPM Global Pte Ltd is ideal for the evolving needs of our customers on a global scale and together we will provide our shared customers with an intelligent finance platform that allows the office of finance to lead at speed.”

Meanwhile, director of EPM Global’s Enterprise Performance Management Practice, Kumar Iyer said: “We are excited to partner with OneStream and offer a unified performance management experience for our enterprise customers to drive digital innovation and streamline complex financial processes.”

Specialising in the implementation of financial management and performance management solutions, EPM Global Pte Ltd has many years of experience in the implementation of performance management solutions including planning and forecasting.

More details at www.onestream.com.

-- BERNAMA

Gordon Brothers acquires ORSAY brand

KUALA LUMPUR, Aug 3 (Bernama) -- Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the global ORSAY brand, archives, related trademarks and other intellectual properties from Orsay GmbH.

According to a statement, the firm has partnered with SCAYLE to continue the brand’s growth, in addition to maintaining ORSAY’s existing franchisees.

“We have been following the ORSAY story for years and have always been impressed with the brand’s powerful connection with consumers.

“The partnership with the commerce technology vendor SCAYLE provides a market-leading e-commerce software for the brand to continue to reach out to consumers throughout Europe.

“The ORSAY brand has succeeded across regions, countries and distribution channels, and we are excited to partner with SCAYLE for its next chapter of growth,” said Tobias Nanda, the president of brands at Gordon Brothers.

Gordon Brothers’ acquisition allows the omnichannel women’s fashion brand to maintain its brand DNA and develop new and exciting apparel, footwear and accessories.

Gordon Brothers has been actively investing in brands since 2003, partnering with leading companies to help revive and reimagine some of the world’s most iconic brands.

More details at www.gordonbrothers.com.

-- BERNAMA

SUZHOU PROMOTES GREEN, SMOOTH INDUSTRIAL AND SUPPLY CHAINS WITH DIGITAL ECONOMY

AsiaNet 97322

^{The Gate of the Orient in Suzhou}


SUZHOU, China, Aug. 4, 2022 /Xinhua-AsiaNet/--

ASEAN Plus Three (10+3) Forum on Industrial Chain and Supply Chain Cooperation kicked off in Suzhou on Friday, its sub-forum on digital economy under the spotlight. Suzhou, as a global industrial city advantageous in the open economy, shared new ways to promote digital infrastructure construction, innovative application of digital technologies and green development of industrial chain and supply chain in the region, according to the Organizing Committee of ASEAN Plus Three Forum.
 
Suzhou boasts a sound industrial ecosystem and business environment. In recent years, the city has been making active efforts to promote the development of the digital economy, digital transformation, green and quality development by strengthening digital thinking and the philosophy of green development. In 2021, the value added of core industries in the digital economy hit 330 billion yuan ($48.84billion), accounting for 14.6% of the city’s GDP. More than 10,000 projects have completed intelligent transformation and digital reforming. Meanwhile, information technology, biomedicine and other pioneering industries have been actively laid out.
 
Three production bases of Panasonic in China have achieved net-zero emissions through digital transformation and green development, according to Zhao Bingdi, director and president of Panasonic China investing and building factories in Suzhou for many years. By 2050, Panasonic can reduce 110 million tons of CO2 emissions.
 
Suzhou is the hub for Japanese and South Korean investment in China. It is home to 2,794 companies funded by ASEAN member states, 2,987 Japan-invested companies and 2,452 ROK-invested companies, with their direct investment for actual use reaching $15.01 billion, $13.71 billion, and $5.93 billion respectively.
 
Suzhou Municipal Development and Reform Commission said in a five-year development plan for the city that it will continue to implement the strategy of digital transformation to build Suzhou into a first-class, globally renowned hub for the development of the digital economy in China.
 
Source: The Organizing Committee of ASEAN Plus Three Forum
 
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   Caption: The Gate of the Orient in Suzhou

Electric vehicle battery pack shipments to hit 30 mln in 2027 - Juniper Research

KUALA LUMPUR, Aug 1 (Bernama) -- The volume of electric vehicle (EV) battery pack shipments will reach 30 million in 2027 from just 10 million in 2022, according to a new study by Juniper Research.

The research identified falling vehicle costs, often directly caused by government subsidies, and increasing awareness around the environmental impact of current mobility services as key drivers behind the growth in EV battery production.

The research predicts that growth will be strongest within the commercial segment, with commercial EV battery pack shipments growing from 1.4 million in 2022 to over seven million by 2027.

Mass electrification of fleet vehicles is required for meeting corporate decarbonisation goals and will drive investment into EVs from enterprises.

In turn, this provides an opportunity for manufacturers to develop batteries designed for energy-intensive commercial use cases.

In a statement, research co-author Damla Sat said: “Developing longer range vehicles by leveraging higher capacity battery packs will be critical to meeting expectations that foster commercial vehicle electrification, but will require extensive investment to develop new battery pack technologies.”

The research predicts that for EVs to reach mass adoption across commercial use cases, including heavy goods haulage and passenger transport, scaling the production of new battery technologies is essential.

This includes solid-state batteries and new chemical mixes.

Juniper Research provides research and analytical services to the global hi-tech communications sector providing consultancy, analyst reports, and industry commentary.

-- BERNAMA

WEJO JOINS MONET CONSORTIUM TO ACCELERATE MOBILITY INNOVATION IN JAPAN

KUALA LUMPUR, Aug 1 (Bernama) -- Cloud and software analytics solutions provider for electric and autonomous vehicles Wejo Group Ltd has joined a consortium that promotes collaboration and innovation for mobility services in Japan.

As part of the MONET consortium, Wejo will have the opportunity to work with companies selected from the hundreds of diverse and industry-leading members to drive forward mobility innovation and the mobility-as-a-service market, a statement from Wejo said.

With the anticipated growth of mobility-as-a-service offerings in Japan, Wejo sees the potential for a nearly US$3 billion market by 2030 for its Smart Mobility for Good products and services, Wejo founder and chief executive officer Richard Barlow said.

“We’re honoured to be a part of the MONET consortium and to be part of the conversations that will help accelerate mobility innovation in Japan,” he said.

Bringing its groundbreaking solutions to the table, Wejo will provide perspectives and ideas to the collective conversation while extending its influence in Japan, the statement said.

Its role in the consortium is to offer its expertise for the betterment of the mobility ecosystem and in return, Wejo hopes to draw valuable insights from fellow member companies to craft a more holistic suite of data analytics products to better address the needs of potential customers.

More details at www.wejo.com.

-- BERNAMA