AdEasy is an adtech startup that makes booking traditional ad space easy and effective for SMEs with a fully integrated one-stop-shop e-commerce platform
KUALA LUMPUR, May 31 (Bernama) -- AdEasy was selected by Cradle out of 800 companies as one of its 13 DEQ800 recipients in 2017 to receive RM775K funding. Launched in May 2017, AdEasy enables SMEs to advertise in traditional media by simplifying the ad booking process to just three steps - browse, compare and book. With AdEasy, SMEs are able to save time, money and resources to find the right ad space from a comprehensive marketplace that offers all types of traditional media; compare prices with 100% transparency to maximise every ad dollar spent on a campaign; and book ad space directly from media owners.
“With this fresh round of funding, we will be working to expand our reach nationwide, and to optimise the platform further by introducing more automated solutions so that the experience of booking and listing traditional media on AdEasy will be further enhanced for both SMEs and media owners,” said CEO of AdEasy, Melissa Sim.
This Cradle funding is AdEasy’s second seed round, having raised its first through equity crowdfunding platform, pitchIN, where it closed RM242K in July 2017. To date, AdEasy has booked 15 campaigns with a total ad spend of more than RM950K for its SME clients.
SMEs account for 97% of businesses in Malaysia, and 67% of employment in the Malaysian workforce1. But only 13.4% advertise2.
“There is a huge untapped market of SMEs who are not advertising yet, 86.6% to be exact. This is because they lack the knowledge, data, and tools to make informed decisions. SMEs have modest advertising budgets, and have long been under the impression that traditional advertising is for multinational corporations and local giants who have deep pockets. We are on a mission to change that by offering SMEs free account signups to access information such as each media’s reach, audience profile, and rates, to name a few. To help maximise their advertising budgets, we run SME-friendly deals each month. We aim to equip SMEs with advertising knowledge, and media planning tools so they can confidently book ad space on their own on AdEasy,” explained Melissa.
42% of the campaigns booked on AdEasy are from startups. The startup scene in Malaysia is robust, as Kuala Lumpur’s ecosystem alone is ranked the 7th fastest growing globally in terms of startup valuations and exits3. In 2016, funding in startups amounted to USD33.1M4, and more government initiatives, corporate bodies and investment firms are getting involved to accelerate startups’ growth.
“This investment from Cradle is extremely strategic for us. Cradle has more than 700 startups in its portfolio, and provides them mentorship, networking opportunities, and growth guidances. Other than knowing we are in good hands, we believe AdEasy can add value to Cradle’s investee startups by being their go-to advertising support. Ultimately, like Cradle, AdEasy is focused on driving growth for them − through advertising,” Melissa added.
Chief Investment Officer of Cradle Group, Juliana Jan said, “ Digital innovation is at the heart of our investment strategy. Online marketplace for offline advertising space that allows advertiser to book offline ad spaces defines the future of traditional advertising and we are confident that AdEasy and its technology will be a game changer in the industry. We see huge potential in AdEasy and we are excited to support and be part of this company.
Total Malaysia ad spend in 2017 was RM4.65B, with Malaysian advertisers allocating 77% of their advertising budget for traditional media5. According to the Nielsen Consumer and Media View 2017 report, traditional media enjoys more than 70% reach across the board. More than 90% of Malaysians aged between 15-24 years old consumed both traditional and digital media, and only 1% of this demographic consumed digital media exclusively during the time period.
Evidently, traditional advertising in Malaysia is still thriving. Today, over 480 ad spaces are listed on AdEasy from more than 80 media options from big names in the Malaysian media such as GSC Cinemas, Astro Radio, BFM 89.9, The Malay Mail, Mingguan Wanita, Her World, Bernama News Channel, Astro Malay Channel, Grab On-car Ads, Hot Media, and more.
“We are continuously adding more media options to the marketplace every month, and plan to extend our ad space offerings to include neighbouring countries’ by the end of this year so that SMEs are able to easily book ad space anywhere, anytime in the region without barriers. We are determined to make AdEasy the leading online ecosystem for advertising in Southeast Asia,” concluded Melissa.
Sources:
1The World Bank: ‘“Small is the New Big” – Malaysian SMEs Help Energize, Drive Economy’. July 5, 2016.
2SME Corp Malaysia: SME Census 2011.
3MaGIC: ASEAN Startup Landscape – Policy Roundtable, GECS 2017.
4MaGIC: Malaysian Startup and Social Enterpreneurship Ecosystem Report 2016.
5Malaysia Advertisers Association: Malaysia ADEX – 2017 Full Year ADEX Report.
About the company:
Founded in 2017, AdEasy is Southeast Asia’s first online marketplace for traditional advertising. AdEasy helps advertisers discover, compare and book ad space in print, radio, television, cinema, and out-of-home media, empowering businesses big and small to launch real-life advertising campaigns in just a few clicks. The marketplace is committed to making the buying and selling of traditional ad space faster, more transparent, and as simple as booking a holiday online. Besides the marketplace, AdEasy provides creative services as well as an ad delivery service to make the whole advertising process easy and seamless. Headquartered in Kuala Lumpur, AdEasy is wholly owned by AdEasy Sdn. Bhd. View our website at www.AdEasy.co.
Connect with us:
Facebook: https://www.facebook.com/GoAdEasy
Twitter: https://twitter.com/GoAdEasy
LinkedIn: https://www.linkedin.com/company/GoAdEasy
SOURCE : Cradle Fund Sdn Bhd (Cradle)
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Therine Goh
COO
Tel : 03-6211.3075
Email : therine@AdEasy.co
Website : www.AdEasy.co
--BERNAMA
Thursday, May 31, 2018
Wednesday, May 30, 2018
AIG NAMES LISA SUN AS CHIEF EXECUTIVE OFFICER OF AIG INSURANCE COMPANY CHINA, LTD.
NEW YORK, May 25 (Bernama-BUSINESS WIRE) -- American International Group, Inc. (NYSE: AIG) today announced that Lisa Sun will join the company as Chief Executive Officer of AIG Insurance Company China, Ltd. Ms. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong & South and East Asia Zone.
Ms. Sun will report to Chris Townsend, Chief Executive Officer, International General Insurance, and her appointment is subject to regulatory approval by the China Banking and Insurance Regulatory Commission. She will be based in Shanghai.
Commenting on Ms. Sun’s appointment, Mr. Townsend said: “China is a core growth market for AIG. I am pleased to welcome Lisa back to AIG to take on the important role of leading our China business. I look forward to working closely with Lisa and the team in this dynamic region.”
A recognized industry leader with more than 20 years of experience, Lisa previously held executive roles at Zurich and Liberty Mutual. Earlier in her career, Lisa was Deputy Chief Actuary and Vice President for Worldwide Accident and Health for AIG Life Companies, and Regional Actuary and Assistant Vice President for AIU Accident and Health SEA and Greater China Region.
Ms. Sun is replacing Eric Zheng who is leaving AIG to pursue other opportunities. Mr. Townsend added: “We thank Eric for his hard work with AIG China over the last 14 years and we wish him well in his next endeavor.”
Exclusive targeted private marketplace for World Cup available in Southeast Asia
KUALA LUMPUR, May 30 (Bernama) -- PubMatic Inc, a publisher-focused sell-side platform for an open digital media future and Publicis Media have launched an exclusive Targeted Private Marketplace (PMP), coinciding with the World Cup in Russia.
Like the Olympics, the World Cup generates marketing activity, as brands - both official sponsors and more opportunistic ones - compete for share of mind and wallet.
The exclusivity of the partnership will initially be available in Singapore, Indonesia, Vietnam, Thailand and Philippines, with plans to expand to additional markets in the region.
As a leading agency group, Publicis Media's focuses in increasing premium quality inventory. PubMatic's Targeted PMP solution offers heavily curated, premium site lists based on marketers' needs.
PubMatic in a statement said that the self-service tool will create high-quality PMP deals at scale for marketers, based on unique sports audience segments across its premium Asia and global publishers.
Targeted PMPs also provide advertisers with higher transparency and more efficient workflows and consistently performing PMP deals across multiple publishers. This, in turn, can drive higher ROI for marketers.
PubMatic's CRO in Asia Pacific, Jason Barnes said: "As brand spend increasingly shifts to programmatic, we have seen buyers like Publicis Media demand more sophisticated PMPs with increased capabilities without having to choose between quality or scale. PubMatic created Targeted PMPs to address these buyer pain points and evolve the PMP landscape.
Director of Product, Publicis Media Asia Pacific, Janet Leung said: "The PMP offers both contextually relevant sites and exclusive access to data which allows our advertisers to place their ads in front of the most relevant audience."
Further details can be accessed at: pubmatic.com/blog/targeted-pmp-deals/.
-- BERNAMA
Like the Olympics, the World Cup generates marketing activity, as brands - both official sponsors and more opportunistic ones - compete for share of mind and wallet.
The exclusivity of the partnership will initially be available in Singapore, Indonesia, Vietnam, Thailand and Philippines, with plans to expand to additional markets in the region.
As a leading agency group, Publicis Media's focuses in increasing premium quality inventory. PubMatic's Targeted PMP solution offers heavily curated, premium site lists based on marketers' needs.
PubMatic in a statement said that the self-service tool will create high-quality PMP deals at scale for marketers, based on unique sports audience segments across its premium Asia and global publishers.
Targeted PMPs also provide advertisers with higher transparency and more efficient workflows and consistently performing PMP deals across multiple publishers. This, in turn, can drive higher ROI for marketers.
PubMatic's CRO in Asia Pacific, Jason Barnes said: "As brand spend increasingly shifts to programmatic, we have seen buyers like Publicis Media demand more sophisticated PMPs with increased capabilities without having to choose between quality or scale. PubMatic created Targeted PMPs to address these buyer pain points and evolve the PMP landscape.
Director of Product, Publicis Media Asia Pacific, Janet Leung said: "The PMP offers both contextually relevant sites and exclusive access to data which allows our advertisers to place their ads in front of the most relevant audience."
Further details can be accessed at: pubmatic.com/blog/targeted-pmp-deals/.
-- BERNAMA
AXA provides 6 per cent GST refund
The offer is valid till Sept 30.
AAGI chief financial officer, Michelle Dan said the effort was in line with the announcement by the Malaysian government to reduce GST to 0 per cent with effect from June 1.
"In most cases, no GST refund will be given for payments made prior to June 1. But we appreciate our loyal customers and therefore we will refund the 6 per cent GST to them," Dan said in a statement today.
From now till Sept 30, all affected policyholders can request for the refund by contacting AAGI's customer service at (+603) 2170 8282, weekdays from 8.30am to 5.30pm (excluding public holidays) or by visiting any of its branch offices nationwide.
-- BERNAMA
Monday, May 28, 2018
THIS IS WHY HUOBI IS A LEADER GLOBAL BLOCKCHAIN ASSET PROVIDER
SINGAPORE, May 28 (Bernama-GLOBE NEWSWIRE) -- No matter where you go, you hear about cryptos. All media have adopted this buzzword, in an online publication, ads, and news sites. However, are crypto buyers still early adopters?
Crypto is indeed at its early stage, and for all of those approaching the world of cryptocurrencies, a frequent question is: which is the best platform to start trading? But being objective giving a clear distinction between platforms around the web, it might be a difficult task.
In this article, we present Huobi a platform that stands out for its well-achieved interconnectivity and interface. Initiated in 2013, it is one of the best alternatives in cyberspace when it comes to crypto exchange.
http://mrem.bernama.com/viewsm.php?idm=31984
Crypto is indeed at its early stage, and for all of those approaching the world of cryptocurrencies, a frequent question is: which is the best platform to start trading? But being objective giving a clear distinction between platforms around the web, it might be a difficult task.
In this article, we present Huobi a platform that stands out for its well-achieved interconnectivity and interface. Initiated in 2013, it is one of the best alternatives in cyberspace when it comes to crypto exchange.
http://mrem.bernama.com/viewsm.php?idm=31984
Hyland adds content service platform to Activants' portfolio in Singapore
KUALA LUMPUR, May 24 (Bernama) -- Hyland has partnered with Singapore-based
business process management (BPM) specialists, Activants to add its content
services platform, OnBase to Activants' product portfolio in Singapore.
"This is an important strategic partnership for Hyland in the Singapore region, as we gain the valuable experience of a dynamic company who specialises in digital transformation and business improvement," said director, Asia-Pacific at Hyland, Eugene Chng.
The partnership expands Hyland's growing footprint in the Asia Pacific (APAC) marketplace, reaching a broader target of enterprise customers in need of solutions for complex problems in the records and information management space.
OnBase will deliver advanced document capture, workflow, electronic signature, case management and records management to Activants' customers. The company helps customers to improve business processes and adding new value propositions to customers´ business.
"We continue to find new ways to help our customers remain competitive. We believe this partnership with Hyland will take our customers' business forward and raise their productivity to a new level," said general manager of Activants, Fleming Tan.
Hyland's OnBase offers Activants' clients a world class enterprise information platform, available on-premise, in the cloud or via a hybrid model for organisations to better manage their document lifecycle, reduce errors and enhance their levels of customer service.
Hyland is a leader in providing software solutions for managing content, processes and cases for organisations across the globe. More information at https://www.hyland.com/.
-- BERNAMA
CIMIC'S LEIGHTON ASIA WINS A$380M TRANSPORT
SYDNEY, Australia May 24 (Bernama) --
| CIMIC Group company, Leighton Asia, as lead partner in a joint venture, has been selected by Singapore's Land Transport Authority to deliver a A$540 million tunnel and infrastructure contract (N103 contract works), as part of the North-South Transportation Corridor project. Revenue to Leighton Asia, which is part of CIMIC Group construction company CPB Contractors, will be approximately A$380 million, with the project being delivered in joint venture with local Singapore contractor Yongnam Engineering & Construction. Construction is scheduled to commence in the second quarter of 2018 and be completed by 2026. CIMIC Group Chief Executive Officer Michael Wright said: “The award of these major infrastructure works to support the North-South Corridor project demonstrates the positive and enduring relationship that CIMIC and Leighton Asia have built with the Land Transport Authority in Singapore. "We are pleased to continue to contribute our innovative and cost-effective design and construction methodologies to enhance Singapore’s world-class transportation networks." CPB Contractors and Leighton Asia Managing Director Juan Santamaria said: "Leighton Asia’s major project experience and diverse construction capabilities have positioned us well to capture this contract and further key infrastructure projects in Singapore’s growing market. "We have a strong and growing presence in Singapore, with a team committed to leveraging our local experience and international expertise to ensure the project meets the social, sustainability and economic outcomes expected by the client and local communities." The N103 design and construction contract works include 640m of twin, three-lane vehicular tunnels; the underpinning of an existing expressway flyover; a new facility building; and an entrance ramp and exit ramp. On completion, the North-South Corridor project will be Singapore’s first integrated transport corridor, relieving major traffic network congestion and better connecting the northern sectors of Singapore with the central city area. In addition to this recent award, Leighton Asia’s Singapore business is working with the Land Transport Authority to build Springleaf Station and associated rail tunnel on the Thomson-East Coast Line. This follows the team’s successful completion of the Downtown Line 3 Jalan Besar Station and tunnels. CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good. SOURCE: CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au |
Friday, May 25, 2018
10 passengers types that cause grief on planes revealed
KUALA LUMPUR, May 25 (Bernama) -- AirlineRatings.com -- global airline safety and product ratings website -- released the result of its survey -- Passengers from Hell -- on 10 passengers types that readers felt caused the most grief on planes.
Based on the survey, respondents were asked to rank passenger types 1 to 10 from the most irritating to the least whereby smelly passengers and out of control children emerged as the leading complaints of passengers, a statement said.
"The level of frustration for the smelly passenger reflects a decline in hygiene standards and there has been a significant shift in passengers' gripes about their fellow travelers, who are either not conscious of their odor or don´t care, " said editor-in-chief of AirlineRatings.com, Geoffrey Thomas.
The top two result followed by passengers who recline their seat for a long time is the most irritating passenger type were ranked third while passenger who hogs the armrest came in fourth.
The survey also reported about the increasing amount of carry-on baggage was ranked fifth on the list and it has become a major problem, particularly in the US where many airlines charge for checked-in baggage.
The cramped conditions in economy catapulted the passenger with the weak bladder into the sixth position, chatterbox was ranked in seventh place and passengers who did exercises in the aisle ranked for eighth, the statement said.
Arrogant and demanding passenger who insists on being served before anyone else and constantly annoying the flight attendants in ninth position and finishing in 10th place was the window hogger who pulls at the window shade for the entire flight.
More information at http://www.airlineratings.com/about-us.php
-- BERNAMA
Based on the survey, respondents were asked to rank passenger types 1 to 10 from the most irritating to the least whereby smelly passengers and out of control children emerged as the leading complaints of passengers, a statement said.
"The level of frustration for the smelly passenger reflects a decline in hygiene standards and there has been a significant shift in passengers' gripes about their fellow travelers, who are either not conscious of their odor or don´t care, " said editor-in-chief of AirlineRatings.com, Geoffrey Thomas.
The top two result followed by passengers who recline their seat for a long time is the most irritating passenger type were ranked third while passenger who hogs the armrest came in fourth.
The survey also reported about the increasing amount of carry-on baggage was ranked fifth on the list and it has become a major problem, particularly in the US where many airlines charge for checked-in baggage.
The cramped conditions in economy catapulted the passenger with the weak bladder into the sixth position, chatterbox was ranked in seventh place and passengers who did exercises in the aisle ranked for eighth, the statement said.
Arrogant and demanding passenger who insists on being served before anyone else and constantly annoying the flight attendants in ninth position and finishing in 10th place was the window hogger who pulls at the window shade for the entire flight.
More information at http://www.airlineratings.com/about-us.php
-- BERNAMA
MARKETFACTORY® ANNOUNCES GLOBAL AVAILABILITY OF REFLECTOR, THE FIRST PRE-TRADE LIMIT MONITOR
NEW YORK, May 24 (Bernama-BUSINESS WIRE) -- MarketFactory, the industry-leading foreign exchange technology platform, announced today the broad release of their new software product Reflector, a pre-trade risk management solution used by banks, prime brokers and funds to ensure trading limits are never broken.
Reflector addresses the need for risk management software that eliminates installation for the client, works with any FIX API, and monitors and balances all limits and positions across all trading venues. Additionally, it checks all orders pre-trade with a latency impact under three microseconds 99.999% of the time and supports over 60 trading venues.
http://mrem.bernama.com/viewsm.php?idm=31961
Reflector addresses the need for risk management software that eliminates installation for the client, works with any FIX API, and monitors and balances all limits and positions across all trading venues. Additionally, it checks all orders pre-trade with a latency impact under three microseconds 99.999% of the time and supports over 60 trading venues.
http://mrem.bernama.com/viewsm.php?idm=31961
TELEDYNE E2V AWARDED SECOND PHASE OF €42M CONTRACT TO PROVIDE CUSTOM IMAGE SENSORS FOR ESA PLATO MISSION
CHELMSFORD, United Kingdom, May 24 (Bernama-GLOBE NEWSWIRE) -- The European Space Agency (ESA) has awarded Teledyne e2v, a division of Teledyne Technologies Incorporated (NYSE:TDY), with the second phase of a €42M ($47M) contract to produce high-end Charge Coupled Device (CCD) visible light image sensors for the PLATO (Planetary Transits and Oscillations of stars) mission. PLATO is a planet hunting spacecraft that will seek out and research Earth like exoplanets around Sun like stars. About 100 Teledyne e2v large area CCDs will allow the mission to detect minute changes in the apparent brightness of stars, orbited by planets.
http://mrem.bernama.com/viewsm.php?idm=31967
http://mrem.bernama.com/viewsm.php?idm=31967
Thursday, May 24, 2018
International Trademark Assoc hosts 142nd annual meeting in Singapore in 2020
KUALA LUMPUR, May 21 (Bernama) -- The International Trademark Association (INTA) will host its 142nd annual meeting in Singapore from April 25 to 29, 2020
the first time INTA is hosting the event in Southeast Asia.
This marks the second time INTA, headquartered in New York is bringing its annual meeting to Asia after having held its 136th annual meeting in Hong Kong SAR, China in 2014, a statement said.
Among the factors contributed to the selection of Singapore for the 2020 gathering, include its vibrant environment, cultural diversity, ease of accessibility and achievements in the field of intellectual property (IP). INTA also has opened an Asia-Pacific representative office in Singapore in March 2016.
INTA chief executive officer (CEO), Etienne Sanz de Acedo said Singapore is a seminal location for the global trademark dialogue that will take place at INTA´s meeting in 2020 and this is as an opportunity to further interact with and members globally.
The announcement was made at the opening ceremonies of INTA´s 140th Annual Meeting in Seattle, Washington recently. The event gathered 11,000 trademark practitioners and other intellectual property (IP) professionals from 150+ countries.
Previously, during the 136th annual meeting in Hong Kong, INTA´s Board of Directors approved a rotation strategy to host the annual meeting in a location outside the United States every third year.
Registration for the 2020 annual meeting will open in January 2019 with presale tickets available at INTA´s 2019 Annual Meeting in Boston, Massachusetts, the statement said.
INTA is a global association of brand owners and professionals dedicated to supporting trademarks and related IP to foster consumer trust, economic growth, and innovation. More information at www.inta.org.
--BERNAMA
the first time INTA is hosting the event in Southeast Asia.
This marks the second time INTA, headquartered in New York is bringing its annual meeting to Asia after having held its 136th annual meeting in Hong Kong SAR, China in 2014, a statement said.
Among the factors contributed to the selection of Singapore for the 2020 gathering, include its vibrant environment, cultural diversity, ease of accessibility and achievements in the field of intellectual property (IP). INTA also has opened an Asia-Pacific representative office in Singapore in March 2016.
INTA chief executive officer (CEO), Etienne Sanz de Acedo said Singapore is a seminal location for the global trademark dialogue that will take place at INTA´s meeting in 2020 and this is as an opportunity to further interact with and members globally.
The announcement was made at the opening ceremonies of INTA´s 140th Annual Meeting in Seattle, Washington recently. The event gathered 11,000 trademark practitioners and other intellectual property (IP) professionals from 150+ countries.
Previously, during the 136th annual meeting in Hong Kong, INTA´s Board of Directors approved a rotation strategy to host the annual meeting in a location outside the United States every third year.
Registration for the 2020 annual meeting will open in January 2019 with presale tickets available at INTA´s 2019 Annual Meeting in Boston, Massachusetts, the statement said.
INTA is a global association of brand owners and professionals dedicated to supporting trademarks and related IP to foster consumer trust, economic growth, and innovation. More information at www.inta.org.
--BERNAMA
Tuesday, May 22, 2018
Flywire adds new international invoicing solution
KUALA LUMPUR, May 21 (Bernama) -- Flywire -- a provider of global payment and receivables solutions -- added a new international invoicing service, designed to streamline the billing process for companies serving customers outside of their home country.
The free solution is available immediately and can be deployed stand-alone or in combination with Flywire´s global payments and receivables platform.
The key features of the solution include -- multi-currency invoicing, automatic invoice reminders, recurring invoices and monthly installments, seamless integration, robust analytics and built-in compliance, a statement said.
Chief Executive Officer of Flywire, Mike Massaro said: "For most companies, domestic billing is easy. There are a ton of off-the-shelf software solutions and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs.
"When it comes to international billing, the process is far more complex, and if your invoicing does not make it easy for your international customers to pay you, it creates a domino effect of problems starting with extended DSO, high reconciliation costs, compliance issues and poor customer satisfaction, " Massaro added.
Available globally and free of charge, the new solution targets a variety of verticals including technology, manufacturing, travel, media, publishing, import/export, professional services, education and healthcare.
The Flywire´s new international invoicing solution is already delivering thousands of invoices globally every month for select customers.
Further information can be accessed at www.Flywire.com.
--BERNAMA
The free solution is available immediately and can be deployed stand-alone or in combination with Flywire´s global payments and receivables platform.
The key features of the solution include -- multi-currency invoicing, automatic invoice reminders, recurring invoices and monthly installments, seamless integration, robust analytics and built-in compliance, a statement said.
Chief Executive Officer of Flywire, Mike Massaro said: "For most companies, domestic billing is easy. There are a ton of off-the-shelf software solutions and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs.
"When it comes to international billing, the process is far more complex, and if your invoicing does not make it easy for your international customers to pay you, it creates a domino effect of problems starting with extended DSO, high reconciliation costs, compliance issues and poor customer satisfaction, " Massaro added.
Available globally and free of charge, the new solution targets a variety of verticals including technology, manufacturing, travel, media, publishing, import/export, professional services, education and healthcare.
The Flywire´s new international invoicing solution is already delivering thousands of invoices globally every month for select customers.
Further information can be accessed at www.Flywire.com.
--BERNAMA
Monday, May 21, 2018
UTIMACO ANNOUNCES INTENT TO ACQUIRE ATALLA FROM MICRO FOCUS
Acquisition to strengthen investment in the Hardware Security Modules business and add a market-leading Payment HSM business to the Utimaco Information Security Portfolio
- The acquisition will combine two well-known pioneers in the Hardware Security Modules (HSMs) business with complementary strengths and market positions.
- Utimaco, as one of the worldwide market leaders in the general purpose HSM business, is fully committed to continuing and investing further in the Atalla product portfolio. Customers of Atalla will benefit from Utimaco´s commitment to certified security, product quality and innovation.
CAMPBELL, Calif., May 18 (Bernama-BUSINESS WIRE) -- Utimaco, the global #2 in Hardware Security Modules (HSMs), today announced the intent to acquire the Atalla HSM and ESKM business lines from Micro Focus, which were previously owned by Hewlett Packard Enterprise (HPE) prior to the September 2017 merger of its Software business with Micro Focus.
Germany-based Utimaco, active in the HSM market for over 35 years, is a global manufacturer of general purpose HSMs. Utimaco has built its market leading position focusing on indirect sales through OEM or channel business partners and selling its SecurityServer product line into industries as diverse as automotive, government, media & entertainment, smart metering, semiconductors, telecommunications and the banking and financial services sectors. Utimaco is traditionally strong in its German home market based on its longstanding German banking association certification (DK) and has recently achieved PCI accreditation for the SecurityServer product line.
With the acquisition of Atalla, one of the most established and iconic brand names for electronic payment HSMs, Utimaco will be accelerating its growth trajectory into the Payments market with access to top brand banking and financial services players, especially in the USA, UK and Asia. Utimaco is committed to maintaining the Atalla team and investing further at its California location.
The transaction is pending completion due to required customary regulatory approvals and is expected to close fall 2018.
Malte Pollmann, Utimaco’s Chief Executive Officer, commented: “The acquisition of Atalla will mark a key milestone in the further implementation of our growth strategy. It is complementary in terms of product portfolio and regional footprint as well as the vertical markets we are addressing. Both Utimaco and Atalla are pioneers in hardware security modules, the combination of which leads to an unrivaled wealth of experience and know-how. We have tremendous respect for Atalla´s technological achievements in the payments arena and want to remain a focused specialist in this area, and directly approachable for partners and customers. This acquisition will be beneficial to customers and employees, serving continuity as well as product innovation.”
“As two of the leading pioneers in the hardware security modules business, Atalla and Utimaco are a perfect match, operating in complementary markets with aligned strengths that will help drive better alignment for customers and position Atalla for future growth,” said John Delk, General Manager of Security for Micro Focus. “We are fully committed to our Security software portfolio and our mission to secure users, applications and data. With innovations such as the recent release of Voltage SecureData Sentry, we are executing on that mission and demonstrating our ability to meet demanding data security challenges at scale, while simplifying and improving time to value.”
About Hardware Security Modules (HSMs)
HSMs are special purpose computing devices to protect and manage cryptographic secrets, such as digital keys and signatures. They stand at the root of protecting many critical infrastructures.
About Atalla Hardware Security Module
Atalla Hardware Security Module (HSM) is a payments hardware security module for protecting sensitive data and associated keys for non-cash retail payment transactions, cardholder authentication, and cryptographic keys.
About Enterprise Secure Key Manager
Enterprise Secure Key Manager (ESKM) provides a centralized key management hardware-based solution for unifying and automating an organization’s encryption key controls by creating, protecting, serving, and auditing access to encryption keys for secure, reliable administration.
About Utimaco
Utimaco is a worldwide supplier of professional cybersecurity solutions and is based in Aachen, Germany with offices worldwide. Since 1983, Utimaco has been developing hardware-based, high-security appliances (Hardware Security Modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). Today, Utimaco is a world-market leader in both segments. Customers and partners of Utimaco in all parts of the world trust the company’s long-term, proven reliability and investment protection, as well as its many certified IT security standards. Utimaco stands for recognized product quality, user-friendly software, excellent support and trusted high security. For further information, please visit www.utimaco.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180518005012/en/
Contact
Utimaco Inc.
Alexandra Guennewig
Director of Global Marketing
Tel: +1 (408) 395 6400
E-Mail: hsm@utimaco.com
Source : Utimaco
--BERNAMA
Germany-based Utimaco, active in the HSM market for over 35 years, is a global manufacturer of general purpose HSMs. Utimaco has built its market leading position focusing on indirect sales through OEM or channel business partners and selling its SecurityServer product line into industries as diverse as automotive, government, media & entertainment, smart metering, semiconductors, telecommunications and the banking and financial services sectors. Utimaco is traditionally strong in its German home market based on its longstanding German banking association certification (DK) and has recently achieved PCI accreditation for the SecurityServer product line.
With the acquisition of Atalla, one of the most established and iconic brand names for electronic payment HSMs, Utimaco will be accelerating its growth trajectory into the Payments market with access to top brand banking and financial services players, especially in the USA, UK and Asia. Utimaco is committed to maintaining the Atalla team and investing further at its California location.
The transaction is pending completion due to required customary regulatory approvals and is expected to close fall 2018.
Malte Pollmann, Utimaco’s Chief Executive Officer, commented: “The acquisition of Atalla will mark a key milestone in the further implementation of our growth strategy. It is complementary in terms of product portfolio and regional footprint as well as the vertical markets we are addressing. Both Utimaco and Atalla are pioneers in hardware security modules, the combination of which leads to an unrivaled wealth of experience and know-how. We have tremendous respect for Atalla´s technological achievements in the payments arena and want to remain a focused specialist in this area, and directly approachable for partners and customers. This acquisition will be beneficial to customers and employees, serving continuity as well as product innovation.”
“As two of the leading pioneers in the hardware security modules business, Atalla and Utimaco are a perfect match, operating in complementary markets with aligned strengths that will help drive better alignment for customers and position Atalla for future growth,” said John Delk, General Manager of Security for Micro Focus. “We are fully committed to our Security software portfolio and our mission to secure users, applications and data. With innovations such as the recent release of Voltage SecureData Sentry, we are executing on that mission and demonstrating our ability to meet demanding data security challenges at scale, while simplifying and improving time to value.”
About Hardware Security Modules (HSMs)
HSMs are special purpose computing devices to protect and manage cryptographic secrets, such as digital keys and signatures. They stand at the root of protecting many critical infrastructures.
About Atalla Hardware Security Module
Atalla Hardware Security Module (HSM) is a payments hardware security module for protecting sensitive data and associated keys for non-cash retail payment transactions, cardholder authentication, and cryptographic keys.
About Enterprise Secure Key Manager
Enterprise Secure Key Manager (ESKM) provides a centralized key management hardware-based solution for unifying and automating an organization’s encryption key controls by creating, protecting, serving, and auditing access to encryption keys for secure, reliable administration.
About Utimaco
Utimaco is a worldwide supplier of professional cybersecurity solutions and is based in Aachen, Germany with offices worldwide. Since 1983, Utimaco has been developing hardware-based, high-security appliances (Hardware Security Modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). Today, Utimaco is a world-market leader in both segments. Customers and partners of Utimaco in all parts of the world trust the company’s long-term, proven reliability and investment protection, as well as its many certified IT security standards. Utimaco stands for recognized product quality, user-friendly software, excellent support and trusted high security. For further information, please visit www.utimaco.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180518005012/en/
Contact
Utimaco Inc.
Alexandra Guennewig
Director of Global Marketing
Tel: +1 (408) 395 6400
E-Mail: hsm@utimaco.com
Source : Utimaco
--BERNAMA
NTT COMMUNICATIONS BAGS SBR INTERNATIONAL BUSINESS AWARDS FOR IT SERVICES
NTT Communications works closely with clients to provide innovative IT business solutions
SINGAPORE, May 18 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com) is the information and communications technology (ICT) solutions and international communications business within the NTT Group (TOKYO:9432).
To gain an edge in today’s competitive digital marketplace, every organisation must update and transform their legacy systems in favor of innovative solutions that revamp their existing infrastructures to stay ahead of the digital evolution curve.
NTT Com has worked closely with leading enterprises to help them meet the complex requirements of digital transformation through their innovative delivery of solutions.
NTT Com engineers and consultants work closely with the customer to understand their challenges, needs and objectives resulting in the deliverance of real time solutions (SD-WAN solution, Enterprise Cloud solutions and Cloud Management Platform) for the McLaren Formula 1 Team and development of an IoT/AI solution for Mitsui Chemicals for deep-learning and predicting the quality of the to-be produced end-product 20 minutes in advance.
For this, NTT Com won the Singapore Business Review International Business Awards 2018 for IT Services.
About NTT Communications
NTT Communications solves the world’s technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 400,000m2 of the world’s most advanced data center facilities. Our global professional services teams provide consultation and architecture for the resiliency and security required for your business success, and our scale and global capabilities are unsurpassed. Combined with NTT Data, NTT Security, NTT DOCOMO and Dimension Data, we are NTT Group.
For more information, please visit www.sg.ntt.com Email enquiry@ntt.com.sg
Facebook @NTTSingapore Linkedin @ntt-singapore Twitter @NTTSingapore
View source version on businesswire.com: https://www.businesswire.com/news/home/20180517005575/en/
Contact
Media contact:
NTT Singapore Pte Ltd
Sharon Ng
DID: +65 6231 2760
Marketing Manager
sharon.ng@ap.ntt.com
Source : NTT Communications Corporation
--BERNAMA
SINGAPORE, May 18 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com) is the information and communications technology (ICT) solutions and international communications business within the NTT Group (TOKYO:9432).
To gain an edge in today’s competitive digital marketplace, every organisation must update and transform their legacy systems in favor of innovative solutions that revamp their existing infrastructures to stay ahead of the digital evolution curve.
NTT Com has worked closely with leading enterprises to help them meet the complex requirements of digital transformation through their innovative delivery of solutions.
NTT Com engineers and consultants work closely with the customer to understand their challenges, needs and objectives resulting in the deliverance of real time solutions (SD-WAN solution, Enterprise Cloud solutions and Cloud Management Platform) for the McLaren Formula 1 Team and development of an IoT/AI solution for Mitsui Chemicals for deep-learning and predicting the quality of the to-be produced end-product 20 minutes in advance.
For this, NTT Com won the Singapore Business Review International Business Awards 2018 for IT Services.
About NTT Communications
NTT Communications solves the world’s technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 400,000m2 of the world’s most advanced data center facilities. Our global professional services teams provide consultation and architecture for the resiliency and security required for your business success, and our scale and global capabilities are unsurpassed. Combined with NTT Data, NTT Security, NTT DOCOMO and Dimension Data, we are NTT Group.
For more information, please visit www.sg.ntt.com Email enquiry@ntt.com.sg
Facebook @NTTSingapore Linkedin @ntt-singapore Twitter @NTTSingapore
View source version on businesswire.com: https://www.businesswire.com/news/home/20180517005575/en/
Contact
Media contact:
NTT Singapore Pte Ltd
Sharon Ng
DID: +65 6231 2760
Marketing Manager
sharon.ng@ap.ntt.com
Source : NTT Communications Corporation
--BERNAMA
NOMURA RESEARCH INSTITUTE RECOGNIZED FOR WORK IN AI SOLUTION DEVELOPMENT DURING FTF NEWS TECHNOLOGY INNOVATION AWARDS 2018
NEW YORK, May 17 (Bernama-BUSINESS WIRE) -- Nomura Research Institute (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, were recognized during the 2018 FTF News Technology Innovation Awards, being awarded “Best Artificial Intelligence (A.I.) Initiative.”
AI solution development and implementation was a major focus for NRI in 2017. The company announced several major partnerships in 2017 showcasing successful proof of concept studies, including a partnership with Nomura Asset Management analyzing the accuracy of AI analysis in portfolio investment decision making. An additional PoC was conducted with Mizuho Bank for AI implementation in derivative contract procedures.
Along with studies, NRI also completed a successful AI integration with Mizuho securities, implementing NRI’s AI-enabled voice recognition systems to supplement Mizuho’s investor/customer communication monitoring and analysis system. Firms track these communications for customer service improvements as well as for compliance needs.
“AI was a major initiative for NRI during 2017, as it was for much of the financial services industry across the world. We’re excited to be recognized for our work in pushing the development and implementation of thoughtful, AI-based solutions in the industry,” said Shigeki Hayashi, Senior Corporate Managing Director of NRI. “As our industry moves forward, we will continue to see new opportunities for AI solutions coupled with even greater potential, and NRI plans to continue to build AI solutions that meet that potential for our clients.”
The FTF News Technology Innovation Awards recognize the professionals, vendors, service providers, industry bodies and regulators that have demonstrated exceptional achievement in financial services operations technology during the previous year.
About NRI
NRI (Nomura Research Institute, Ltd.), founded in 1965, delivers innovative solutions to your problems by providing insight-driven research, consulting and managed services. Leveraging our expertise, NRI caters to a wide range of operational needs of the international financial services community to establish new industry standard service. NRI empowers clients with a team of 13,000 skilled professionals in more than 50 offices globally.
For more information, visit https://www.nri.com/fit
Friday, May 18, 2018
TOSHIBA RELEASES PHOTORELAY FOR FACTORY AUTOMATION AND OTHER INDUSTRIAL APPLICATIONS
- High current surface mount device is UL1577 approved
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has released the new TLP3122A photorelay for factory automation and other industrial applications including building automation, security and semiconductor testing.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180516005532/en/
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has released the new TLP3122A photorelay for factory automation and other industrial applications including building automation, security and semiconductor testing.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180516005532/en/
The new photorelay integrates MOSFET devices fabricated using the latest U-MOS IX process to reduce on-state resistance. Housed in the small 4-pin SO6 package, the TLP3122A provides an off-state output terminal voltage (VOFF) of 60V, a constant on-state current (ION) of 1.4A and an on-state pulsed current (IONP) up to 4.2A. The on-state resistance (RON) is typically just 0.13Ω, allowing highly efficient operation while the off-state current is only 1μA.
The device offers fast switching times of 3ms (tON) and 1ms (tOFF) with an isolation voltage of 3750Vrms. It is fully approved to UL1577 for safety-critical applications.
The normally-open TLP3122A serves as a replacement for 1-Form-A mechanical relays to improve system reliability and save the space required for relays and relay drivers. In addition, the TLP3122A is rated for an operating temperature between -40°C and 110°C which is ideal for industrial applications and makes it easier to allow for a temperature margin in system-level thermal design.
The new TLP3122A photorelay is upward compatible with the TLP3122 in the conventional 2.54SOP4 package. It also helps increase the system drive current, making it possible to serve as a replacement for a wider range of mechanical relays.
Volume shipment of the new photorelay has begun.
Toshiba Electronic Devices & Storage Corporation will continue to deliver products that meet the needs of customers by promoting the development of a diverse portfolio of photocouplers and photorelays tailored to market trends.
http://mrem.bernama.com/viewsm.php?idm=31915
TOSHIBA RELEASES PHOTORELAY FOR FACTORY AUTOMATION AND OTHER INDUSTRIAL APPLICATIONS
- High current surface mount device is UL1577 approved
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has released the new TLP3122A photorelay for factory automation and other industrial applications including building automation, security and semiconductor testing.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180516005532/en/
TOKYO, May 16 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has released the new TLP3122A photorelay for factory automation and other industrial applications including building automation, security and semiconductor testing.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180516005532/en/
The new photorelay integrates MOSFET devices fabricated using the latest U-MOS IX process to reduce on-state resistance. Housed in the small 4-pin SO6 package, the TLP3122A provides an off-state output terminal voltage (VOFF) of 60V, a constant on-state current (ION) of 1.4A and an on-state pulsed current (IONP) up to 4.2A. The on-state resistance (RON) is typically just 0.13Ω, allowing highly efficient operation while the off-state current is only 1μA.
The device offers fast switching times of 3ms (tON) and 1ms (tOFF) with an isolation voltage of 3750Vrms. It is fully approved to UL1577 for safety-critical applications.
The normally-open TLP3122A serves as a replacement for 1-Form-A mechanical relays to improve system reliability and save the space required for relays and relay drivers. In addition, the TLP3122A is rated for an operating temperature between -40°C and 110°C which is ideal for industrial applications and makes it easier to allow for a temperature margin in system-level thermal design.
The new TLP3122A photorelay is upward compatible with the TLP3122 in the conventional 2.54SOP4 package. It also helps increase the system drive current, making it possible to serve as a replacement for a wider range of mechanical relays.
Volume shipment of the new photorelay has begun.
Toshiba Electronic Devices & Storage Corporation will continue to deliver products that meet the needs of customers by promoting the development of a diverse portfolio of photocouplers and photorelays tailored to market trends.
http://mrem.bernama.com/viewsm.php?idm=31915
INVIVOSCRIBE RELEASES THE LYMPHOTRACK DX TRB ASSAY AS CE-MARKED IVD KIT, COMPLETING THE NGS CLONALITY SUITE FOR THE MISEQ PLATFORM
SAN DIEGO, May 16 (Bernama-GLOBE NEWSWIRE) -- Invivoscribe Technologies Inc., a global company with decades of experience providing clonality and biomarker test solutions for the fields of oncology and personalized molecular medicine, today announced the release of the LymphoTrack® Dx TRB Assay for the Illumina® MiSeq® platform, a CE-marked next-generation sequencing (NGS) assay kit for in vitro diagnostic (IVD) use. Invivoscribe is the only company offering a complete suite of CE-marked NGS clonality assays designed to assess clonality for both diagnostic and tracking purposes. The LymphoTrack Dx TRB Assay for the ThermoFisher Scientific® Ion PGM™ and Ion S5™ instruments will be released later this year.
Leukemias and lymphomas generally originate from the malignant transformation of individual lymphoid cells, causing the vast majority of lymphoid malignancies to share one or more cell-specific or “clonal” rearrangements. The LymphoTrack Dx TRB assay identifies clonal TRB Vβ-(Dβ-)Jβ rearrangement sequences, and the accompanying LymphoTrack Dx bioinformatics software provides a clear summary of the frequency distribution. These clonal sequences can be used to monitor minimal residual disease (MRD) in longitudinal studies, which track the disease as well as the effectiveness of therapies aimed towards their eradication.
Leukemias and lymphomas generally originate from the malignant transformation of individual lymphoid cells, causing the vast majority of lymphoid malignancies to share one or more cell-specific or “clonal” rearrangements. The LymphoTrack Dx TRB assay identifies clonal TRB Vβ-(Dβ-)Jβ rearrangement sequences, and the accompanying LymphoTrack Dx bioinformatics software provides a clear summary of the frequency distribution. These clonal sequences can be used to monitor minimal residual disease (MRD) in longitudinal studies, which track the disease as well as the effectiveness of therapies aimed towards their eradication.
Thursday, May 17, 2018
NTT SECURITY ANNOUNCES EXPANSION OF ADVANCED SECURITY SERVICES IN INDIA AND PHILIPPINES
SINGAPORE, May 15 (Bernama-GLOBE NEWSWIRE) -- NTT Security, the specialized security company of NTT Group, has announced expansion into India and Philippines as part of its strategic growth plan. It will provide Managed Security Services (MSS) and Security Consulting Services based on its strength in Global Threat Intelligence and Cyber Threat Advanced Analytics accumulated through global operations. This will enable more effective and sophisticated cybersecurity solutions for enterprises and governments as well as global companies which have business operations in the regions.
The latest move forms part of plans from the specialized security company of NTT Group to become a leading MSS provider in the Asia-Pacific region – just four months after it launched the same service for digital enterprises and governments in Thailand.
Both India and the Philippines recognise the positive impact that technology brings. The Indian government, for example, is pressing ahead with its Digital Indiaprogramme to transform India into a digital economy. An IDC study commissioned by Microsoft reveals that digital transformation will add an estimated USD $154 billion to India’s GDP by 2021. A similar study predicts that around 40% of the Philippines’ GDP will be derived from digital products or services. It also shows 93% of organizations in the Philippines are already in the midst of their digital transformation journey.
“A push towards a digital economy is changing the way businesses and governments are run but there can be no digital economy without security,” says Martin Schlatter, CIO and Regional CEO for NTT Security in APAC. “Just as in any other nation, cyber criminals will take advantage of organizations in India and the Philippines that fail to adequately secure their digital assets. Cyber threats will evolve as technology evolves, which is why we are seeing an increased need for MSS providers to reduce the pressure and provide better security threat management.”
According to Frost & Sullivan, the MSS market in India alone has grown by 24.1% year-on-year, owing to the rising demand in cybersecurity solutions driven by the government’s drive for digitization through its Digital India campaign. Furthermore, sectors such as banking and finance, manufacturing, aviation, healthcare, and retail are increasingly adopting digital practices – many of which also face strict security compliance guidelines as a result. Many will therefore be relying on outsourcing security services to a trusted and reputable third party provider.
To support such challenges, NTT Security is also expanding a Security Operations Center (SOC) in Bangalore, India. The facility will comprise local teams and analysts across multiple disciplines, also leveraging NTT Security’s global capabilities, to protect organizations’ IT environments from security attacks. The SOC is expected to grow rapidly, so NTT Security will be looking to recruit people in India with a passion for, and experience in, cybersecurity and risk management.
Martin adds: “Along with our highly skilled security experts, our proprietary MSS platform can help protect organizations across a range of sectors against multiple and complex security threats around the clock. It can also provide optimized security through our unique insight, advanced analytics and applied threat intelligence over and above what can usually be done in-house.”
The MSS solution will be taken to market through the NTT Group companies of Dimension Data, NTT Communications and NTT DATA. As a centre of excellence, NTT Security is committed to continued investment in the creation of innovative security services, and continues to expand its reach together with NTT Group companies, while improving its strength in global threat intelligence and advanced analytics by collaboration with NTT R&D and alliances with technology partners.
Notes for editors:
About NTT Security
NTT Security is the specialized security company and the center of excellence in security for NTT Group. With embedded security we enable NTT Group companies to deliver resilient business solutions for clients’ digital transformation needs. NTT Security has 10 SOCs, seven R&D centers, over 1,500 security experts and handles hundreds of thousands of security incidents annually across six continents.
NTT Security ensures that resources are used effectively by delivering the right mix of Managed Security Services, Security Consulting Services and Security Technology for NTT Group companies – making best use of local resources and leveraging our global capabilities. NTT Security is part of the NTT Group (Nippon Telegraph and Telephone Corporation), one of the largest ICT companies in the world. Visit nttsecurity.com to learn more about NTT Security or visit http://www.ntt.co.jp/index_e.html to learn more about NTT Group.
For more information, please contact:
Origin Communications
t. +44 (0)20 3814 2940
e. nttsecurity@origincomms.com
NTT Security
Yixuan Lin
e. yixuan.lin@nttsecurity.com
Source : NTT Security (UK) Ltd
--BERNAMA
The latest move forms part of plans from the specialized security company of NTT Group to become a leading MSS provider in the Asia-Pacific region – just four months after it launched the same service for digital enterprises and governments in Thailand.
Both India and the Philippines recognise the positive impact that technology brings. The Indian government, for example, is pressing ahead with its Digital Indiaprogramme to transform India into a digital economy. An IDC study commissioned by Microsoft reveals that digital transformation will add an estimated USD $154 billion to India’s GDP by 2021. A similar study predicts that around 40% of the Philippines’ GDP will be derived from digital products or services. It also shows 93% of organizations in the Philippines are already in the midst of their digital transformation journey.
“A push towards a digital economy is changing the way businesses and governments are run but there can be no digital economy without security,” says Martin Schlatter, CIO and Regional CEO for NTT Security in APAC. “Just as in any other nation, cyber criminals will take advantage of organizations in India and the Philippines that fail to adequately secure their digital assets. Cyber threats will evolve as technology evolves, which is why we are seeing an increased need for MSS providers to reduce the pressure and provide better security threat management.”
According to Frost & Sullivan, the MSS market in India alone has grown by 24.1% year-on-year, owing to the rising demand in cybersecurity solutions driven by the government’s drive for digitization through its Digital India campaign. Furthermore, sectors such as banking and finance, manufacturing, aviation, healthcare, and retail are increasingly adopting digital practices – many of which also face strict security compliance guidelines as a result. Many will therefore be relying on outsourcing security services to a trusted and reputable third party provider.
To support such challenges, NTT Security is also expanding a Security Operations Center (SOC) in Bangalore, India. The facility will comprise local teams and analysts across multiple disciplines, also leveraging NTT Security’s global capabilities, to protect organizations’ IT environments from security attacks. The SOC is expected to grow rapidly, so NTT Security will be looking to recruit people in India with a passion for, and experience in, cybersecurity and risk management.
Martin adds: “Along with our highly skilled security experts, our proprietary MSS platform can help protect organizations across a range of sectors against multiple and complex security threats around the clock. It can also provide optimized security through our unique insight, advanced analytics and applied threat intelligence over and above what can usually be done in-house.”
The MSS solution will be taken to market through the NTT Group companies of Dimension Data, NTT Communications and NTT DATA. As a centre of excellence, NTT Security is committed to continued investment in the creation of innovative security services, and continues to expand its reach together with NTT Group companies, while improving its strength in global threat intelligence and advanced analytics by collaboration with NTT R&D and alliances with technology partners.
Notes for editors:
About NTT Security
NTT Security is the specialized security company and the center of excellence in security for NTT Group. With embedded security we enable NTT Group companies to deliver resilient business solutions for clients’ digital transformation needs. NTT Security has 10 SOCs, seven R&D centers, over 1,500 security experts and handles hundreds of thousands of security incidents annually across six continents.
NTT Security ensures that resources are used effectively by delivering the right mix of Managed Security Services, Security Consulting Services and Security Technology for NTT Group companies – making best use of local resources and leveraging our global capabilities. NTT Security is part of the NTT Group (Nippon Telegraph and Telephone Corporation), one of the largest ICT companies in the world. Visit nttsecurity.com to learn more about NTT Security or visit http://www.ntt.co.jp/index_e.html to learn more about NTT Group.
For more information, please contact:
Origin Communications
t. +44 (0)20 3814 2940
e. nttsecurity@origincomms.com
NTT Security
Yixuan Lin
e. yixuan.lin@nttsecurity.com
Source : NTT Security (UK) Ltd
--BERNAMA
GREENLAND RESOURCES UPDATES ON MALMBJERG
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, May 15 (Bernama-GLOBE NEWSWIRE) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”) wishes to announce that it has engaged several engineering firms to investigate four alternatives to the Wardrop 2008 feasibility study (“2008 FS”), with the aim to improve project economics and reduce the construction timing. The most significant change to the 2008 FS is to construct the ore processing plant and ancillary plant site infrastructure facilities at an overseas shipyard on barges and locate the barges at suitable constructed sites at either the North or South access route tidewater locations.
The four alternative operating scenarios are described below and consider two well established mining methods (open pit and underground block cave) with two different access routes to transport ore from the deposit to the tidewater ore processing facility. The two access routes under consideration are the North access route with a distance of 25 km and South access route of 85 km.
1. Open pit mining option – South access route
Conventional open pit mining operation with an underground crushing and grinding chamber to pulverize the ore for hydraulic transport to the south tidewater processing plant. Surface maintenance / warehouse and administration structures will be constructed near the mining operation to complete mobile equipment maintenance and manage operations. This scenario requires the construction of an all-weather gravel airstrip suitable for Boeing 737-800 freight / passenger combo (“Combo”) aircraft and establishment of an appropriate tailings disposal site.
2. Open pit mining option – North access route
Open pit mining operation as presented in Option #1, with an ore transport pipeline to the tidewater processing plant 25 km to the North through an 11 km tunnel. Similar surface structures required for Option #1 will be applicable for Option #2. This scenario is attractive as there is already an operating government-maintained airstrip suitable for Boeing 737-800 Combo aircraft and an appropriate natural tailings disposal site.
3. Underground mining option – South access route
Block cave mining operation with an underground crushing and grinding chamber to pulverize the ore for hydraulic transport to the south tidewater processing plant, plant site and infrastructure along the same routing as Option #1 less surface environmental disturbance will be generated by the underground mining option as compared to the open pit option. Similar to what was mentioned in Option #1, an all-weather gravel airstrip suitable for Boeing 737-800 Combo aircraft and establishment of an appropriate tailings disposal site will be required.
4. Underground mining option – North access route
Block cave mining operation as mentioned in Option #3 with all the necessary hydraulic ore transportation infrastructure to pump ore to the north tidewater processing plant. Less surface environmental disturbance will be generated by the underground mining option as compared to the open pit option. This scenario is attractive as there is already an operating government-maintained airstrip suitable Boeing 737-800 Combo aircraft and an appropriate tailings disposal site.
Preliminary Conclusions
TORONTO, May 15 (Bernama-GLOBE NEWSWIRE) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”) wishes to announce that it has engaged several engineering firms to investigate four alternatives to the Wardrop 2008 feasibility study (“2008 FS”), with the aim to improve project economics and reduce the construction timing. The most significant change to the 2008 FS is to construct the ore processing plant and ancillary plant site infrastructure facilities at an overseas shipyard on barges and locate the barges at suitable constructed sites at either the North or South access route tidewater locations.
The four alternative operating scenarios are described below and consider two well established mining methods (open pit and underground block cave) with two different access routes to transport ore from the deposit to the tidewater ore processing facility. The two access routes under consideration are the North access route with a distance of 25 km and South access route of 85 km.
1. Open pit mining option – South access route
Conventional open pit mining operation with an underground crushing and grinding chamber to pulverize the ore for hydraulic transport to the south tidewater processing plant. Surface maintenance / warehouse and administration structures will be constructed near the mining operation to complete mobile equipment maintenance and manage operations. This scenario requires the construction of an all-weather gravel airstrip suitable for Boeing 737-800 freight / passenger combo (“Combo”) aircraft and establishment of an appropriate tailings disposal site.
2. Open pit mining option – North access route
Open pit mining operation as presented in Option #1, with an ore transport pipeline to the tidewater processing plant 25 km to the North through an 11 km tunnel. Similar surface structures required for Option #1 will be applicable for Option #2. This scenario is attractive as there is already an operating government-maintained airstrip suitable for Boeing 737-800 Combo aircraft and an appropriate natural tailings disposal site.
3. Underground mining option – South access route
Block cave mining operation with an underground crushing and grinding chamber to pulverize the ore for hydraulic transport to the south tidewater processing plant, plant site and infrastructure along the same routing as Option #1 less surface environmental disturbance will be generated by the underground mining option as compared to the open pit option. Similar to what was mentioned in Option #1, an all-weather gravel airstrip suitable for Boeing 737-800 Combo aircraft and establishment of an appropriate tailings disposal site will be required.
4. Underground mining option – North access route
Block cave mining operation as mentioned in Option #3 with all the necessary hydraulic ore transportation infrastructure to pump ore to the north tidewater processing plant. Less surface environmental disturbance will be generated by the underground mining option as compared to the open pit option. This scenario is attractive as there is already an operating government-maintained airstrip suitable Boeing 737-800 Combo aircraft and an appropriate tailings disposal site.
Preliminary Conclusions
- Early indication is that the largest significant project CAPEX & OPEX improvement compared to the 2008 FS is to modularize the concentrator and all plant site infrastructure, administration and accommodation and power plant constructed on barges at an overseas ship yard and locate barges at project site tidewater for a turnkey startup operation
- The North access has a favourable shorter distance and existing infrastructure at tidewater. CAPEX must be allocated for the tunnel to complete the economic alternative assessment.
- Two low cost viable mining methods are being evaluated for selection in the final economic assessment which will include all the infrastructure components
Technical Advisory Team
The team advising management includes:
Keith C. Minty, P. Eng. MBA
Keith is assisting in the development and management of the team of consultants in the formulation of the project operating scenarios. He has over 30 years of successfully developing, constructing, commission and both operating open pit and underground mines worldwide and in arctic operating conditions. Among others, he was President & CEO of the TSX listed company North American Palladium since conception to >$1b market cap and was awarded in 2000 the Mining Man of the year by The Northern Miner.
Golder Associates
R. Hammett, P.Eng., Principal (Block cave geomechanics and mine design)
D. Sprott, P. Eng., Principal, Senior Mining Engineer (Block cave mine design, scheduling and cost estimation)
Golder Associates Ltd. have performed the conceptual block caving assessment and determined that a block caving scenario has operational and economic potential and warrants further study.
Hardrock Hickey & Associates LLC/ Dean Brox Consulting Ltd.
Hardrock Hickey & Associates LLC
C. Hickey, P. Eng., Principal (Tunnel engineering specialist)
Dean Brox Consulting Ltd.
D. Brox, P. Eng., Principal (Tunnel engineering specialist)
Hardrock Hickey & Associates/ Dean Brox Consulting completed the conceptual analysis of developing the 11 km tunnel from the North tidewater location to the deposit and determined that the tunnel is technically feasible and suitable for man transportation; project services include ore transport and consumables.
DRA Group Holdings (Modular processing plant and plant site design)
V. Jayaraman, M.Eng., MBA, Vice President, Origination
Val Coetzee, M.Eng, Manager – Process Engineering Group, South Africa
Vlad Feldman, P.Eng, Vice President, Projects – Americas
The DRA Global Group responsibilities are to conceptually complete the preliminary study work of constructing the ore concentrator, concentrator loadout, plant site, powerplant structure, administration and accommodation modules and infrastructure on barges at an overseas shipyard as well as transport to site for a Turnkey start-up.
Patterson & Cooke
R. Cooke, P.Eng., Principal (Ore Transport specialist)
Patterson & Cooke are considered to be one of the most experienced hydraulic ore transportation systems groups worldwide and they are performing the conceptual engineering and design work of transporting ore from the deposit to the concentrator and tailings from the concentrator to the tailings management facility.
Moose Mountain Technical Services
J. Gray, P. Eng., President and Principal (Mine design & scheduling, capital and operating cost analysis)
The Moose Mountain Technical Services group will adapt the open pit design from their work on the 2008FS and compare this to the conceptual underground block caving mine designs and schedules from Golders. Moose Mountain will also assemble the life of mine capital and operating costs provided by the other team members for the scenarios for use in cash flow models.
About Greenland Resources Inc.
Greenland Resources is a Canadian reporting issuer regulated by the Ontario Securities Commission, focused on the acquisition, exploration and development of mineral properties in Greenland. The flagship project is the Malmbjerg Molybdenum deposit, a world class Climax-type molybdenum deposit located in east-central Greenland. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) as well as our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
Mr. Jim Steel, P.Geo., M.B.A., a Qualified Person under National Instrument 43-101 has reviewed and approved the technical information in this press release.
The team advising management includes:
Keith C. Minty, P. Eng. MBA
Keith is assisting in the development and management of the team of consultants in the formulation of the project operating scenarios. He has over 30 years of successfully developing, constructing, commission and both operating open pit and underground mines worldwide and in arctic operating conditions. Among others, he was President & CEO of the TSX listed company North American Palladium since conception to >$1b market cap and was awarded in 2000 the Mining Man of the year by The Northern Miner.
Golder Associates
R. Hammett, P.Eng., Principal (Block cave geomechanics and mine design)
D. Sprott, P. Eng., Principal, Senior Mining Engineer (Block cave mine design, scheduling and cost estimation)
Golder Associates Ltd. have performed the conceptual block caving assessment and determined that a block caving scenario has operational and economic potential and warrants further study.
Hardrock Hickey & Associates LLC/ Dean Brox Consulting Ltd.
Hardrock Hickey & Associates LLC
C. Hickey, P. Eng., Principal (Tunnel engineering specialist)
Dean Brox Consulting Ltd.
D. Brox, P. Eng., Principal (Tunnel engineering specialist)
Hardrock Hickey & Associates/ Dean Brox Consulting completed the conceptual analysis of developing the 11 km tunnel from the North tidewater location to the deposit and determined that the tunnel is technically feasible and suitable for man transportation; project services include ore transport and consumables.
DRA Group Holdings (Modular processing plant and plant site design)
V. Jayaraman, M.Eng., MBA, Vice President, Origination
Val Coetzee, M.Eng, Manager – Process Engineering Group, South Africa
Vlad Feldman, P.Eng, Vice President, Projects – Americas
The DRA Global Group responsibilities are to conceptually complete the preliminary study work of constructing the ore concentrator, concentrator loadout, plant site, powerplant structure, administration and accommodation modules and infrastructure on barges at an overseas shipyard as well as transport to site for a Turnkey start-up.
Patterson & Cooke
R. Cooke, P.Eng., Principal (Ore Transport specialist)
Patterson & Cooke are considered to be one of the most experienced hydraulic ore transportation systems groups worldwide and they are performing the conceptual engineering and design work of transporting ore from the deposit to the concentrator and tailings from the concentrator to the tailings management facility.
Moose Mountain Technical Services
J. Gray, P. Eng., President and Principal (Mine design & scheduling, capital and operating cost analysis)
The Moose Mountain Technical Services group will adapt the open pit design from their work on the 2008FS and compare this to the conceptual underground block caving mine designs and schedules from Golders. Moose Mountain will also assemble the life of mine capital and operating costs provided by the other team members for the scenarios for use in cash flow models.
About Greenland Resources Inc.
Greenland Resources is a Canadian reporting issuer regulated by the Ontario Securities Commission, focused on the acquisition, exploration and development of mineral properties in Greenland. The flagship project is the Malmbjerg Molybdenum deposit, a world class Climax-type molybdenum deposit located in east-central Greenland. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) as well as our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
Mr. Jim Steel, P.Geo., M.B.A., a Qualified Person under National Instrument 43-101 has reviewed and approved the technical information in this press release.
For further information please contact: | ||
| Ruben Shiffman | Executive Chairman | |
| Jesper Kofoed | President & CEO | |
| Gary Anstey | Investor Relations / Business Development | |
| Corporate office | Suite 612, 390 Bay St. Toronto, Ontario, Canada M5H 2A4 | |
| Telephone | +1 647 273 9913 | |
| Web | www.greenlandresources.ca | |
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, the availability of financing, the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates including the costs of operations in remote mountainous environments, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Source : Greenland Resources Inc.
--BERNAMA
Source : Greenland Resources Inc.
--BERNAMA
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