PICANTE Today – Hot News Today https://picante.today Technology, Lifestyle, Social, Political and Public Interest News and Press Releases from all around the world Sat, 18 Jan 2020 06:57:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 148746687 Subaru Chooses TomTom Navigation for All-New US Vehicles https://picante.today/it/2020/01/18/128172/subaru-chooses-tomtom-navigation-for-all-new-us-vehicles/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971398/0/en/Subaru-Chooses-TomTom-Navigation-for-All-New-US-Vehicles.html1971398 AMSTERDAM, The Netherlands, Jan. 16, 2020 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, has been chosen by Subaru to be the maps and navigation supplier for its all-new 2020 Subaru Outback and Legacy models. TomTom is supplying Subaru’s all-new infotainment platform with TomTom Maps, as well as navigation software and a new navigation […]]]> Reading Time: < 1 minute

AMSTERDAM, The Netherlands, Jan. 16, 2020 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, has been chosen by Subaru to be the maps and navigation supplier for its all-new 2020 Subaru Outback and Legacy models.

TomTom is supplying Subaru’s all-new infotainment platform with TomTom Maps, as well as navigation software and a new navigation user interface, allowing drivers to plan their journeys with ease, and enjoy a comfortable and safer drive. DENSO, the leading supplier of advanced automotive technology, is the Tier 1 system provider.

Antoine Saucier, Managing Director, TomTom Automotive, comments: “We’re delighted that Subaru has chosen to continue working with TomTom, demonstrating our commitment to continuous innovation and uncompromising quality, and offering Subaru drivers a fantastic navigation experience.”

About TomTom

TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services.

To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.

Headquartered in Amsterdam with offices in 30 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.

www.tomtom.com

For further Information:

TomTom Media:
tomtom.pr@tomtom.com

TomTom Investor Relations:
ir@tomtom.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d3d9e2f-3640-4abc-afb2-282ab68106a2

The photo is also available via AP PhotoExpress.

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Continuity Wraps Up a Strong 2019 with a Strategic Acquisition, the Launch of a New Product and Multiple New Client Signings https://picante.today/it/2020/01/18/128162/continuity-wraps-up-a-strong-2019-with-a-strategic-acquisition-the-launch-of-a-new-product-and-multiple-new-client-signings/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971413/0/en/Continuity-Wraps-Up-a-Strong-2019-with-a-Strategic-Acquisition-the-Launch-of-a-New-Product-and-Multiple-New-Client-Signings.html1971413 NEW HAVEN, Conn., Jan. 16, 2020 (GLOBE NEWSWIRE) — Continuity, a leader in the development and deployment of compliance change management (CMS) and enterprise risk management (ERM) solutions for regulated financial institutions announced a very strong end to 2019.  From September through December, the company executed the acquisition of TraceRisk (now Continuity’s RiskAdvisor™), launched the […]]]> Reading Time: 3 minutes

NEW HAVEN, Conn., Jan. 16, 2020 (GLOBE NEWSWIRE) — Continuity, a leader in the development and deployment of compliance change management (CMS) and enterprise risk management (ERM) solutions for regulated financial institutions announced a very strong end to 2019.  From September through December, the company executed the acquisition of TraceRisk (now Continuity’s RiskAdvisor™), launched the RegAdvisor® State module and signed numerous new clients as well as long-term client renewals.  Many of which have expanded their Continuity product portfolio with the addition of RiskAdvisor and RegAdvisor State.

“We could not be more pleased with the immediate growth and expansion born out of the acquisition of TraceRisk, now branded as RiskAdvisor,” stated Mike Nicastro, Continuity’s Chief Executive Officer.  Nicastro continued, “In what amounted to a twelve-week period over multiple holidays, the Continuity team signed eight RiskAdvisor contracts.  The breadth and immediacy of the impact of the transaction has far exceeded our expectations.”

In September, as a response to the evolution of regulatory oversight becoming more state focused than ever before, Continuity launched the RegAdvisor State module. In discussing the launch, Continuity Chief Revenue Officer, David Bagley stated, the “State module was the right tool and the right time.  Both sales and customer acceptance took off like a shot.” As of year-end, the majority of all client renewals and new sales included the “State” module in their portfolio of Continuity products.

Continuity also saw continued growth in its flagship compliance change management suite, which includes RegAdvisor® Pro and RegControls™, with the signings of multiple new clients.  In addition to the many new logos added to the client roster, Continuity continued to strengthen its partnership with existing clients. For example, New Dimensions FCU recently contracted to use the new RiskAdvisor product in addition to other Continuity products in the suite.

Catherine Davis, EVP of New Dimensions FCU stated, “We are very comfortable with the Continuity platform. We doubled in size after a merger and were able to onboard our new staff without losing any functionality. Continuity also helps us communicate regulatory changes to our staff in a timely matter. We’re looking forward to the new RiskAdvisor product launch to improve our management of risk assessments and internal controls.”

Mr. Nicastro concluded, “We are very pleased and excited about the continued growth and evolution of Continuity.  There are no plans to slow down in 2020.  Expect to see both aggressive organic growth and additional acquisitions as we continue the journey.”

About Continuity
New Haven, Connecticut-based Continuity is a provider of regulatory technology (RegTech) solutions that automate compliance and risk management for banks, credit unions, mortgage companies and fintech firms. By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate risk at a fraction of the cost. Continuity serves hundreds of institutions across the United States and its territories. Continuity’s risk and compliance product set includes RiskAdvisor, RegAdvisor® Pro, RegAdvisor® State, RegControls™, ControlsBuilder™, Policy and Procedure Management and Vendor Management.

About New Dimensions FCU
New Dimensions FCU began in 1956 and was known then as Notre Dame Waterville Federal Credit Union. Our mission was simple – to provide excellent financial services to members of Notre Dame Church in Waterville. Our charter was comprised of members of the parish of Notre Dame Church and on August 27, 1956, we began operating out of a corridor at the Notre Dame School on Water Street from 6:00 p.m. to 8:00 p.m. on Friday and Saturday.

NDFCU has spent over 60 years working to develop individual relationships with our members. These special relationships enable us to offer creative solutions and products that are not only relevant but uniquely geared to each person’s financial needs. We are humbled every day by the loyalty and opportunity given by our members to furnish the financial strategies and products that enhance their lifestyles. For more information visit: newdimensionsfcu.com

Press Contact: Cara Parsons, 203-672-9846,

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ZetaDisplay adapts its organization to increase scalability and growth https://picante.today/it/2020/01/18/128160/zetadisplay-adapts-its-organization-to-increase-scalability-and-growth/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971426/0/en/ZetaDisplay-adapts-its-organization-to-increase-scalability-and-growth.html1971426 Malmö – ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) announces today an updated organization to increase scalability and to capture international growth. The Group will move from a geo­graphic to a function-based organization comprising Commercial, Operations, Product & Software as well as corporate functions, while maintaining its local presence. The organization will be effective during March […]]]> Reading Time: 2 minutes

Malmö – ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) announces today an updated organization to increase scalability and to capture international growth. The Group will move from a geo­graphic to a function-based organization comprising Commercial, Operations, Product & Software as well as corporate functions, while maintaining its local presence. The organization will be effective during March 2020.

“ZetaDisplay has acquired seven companies since 2015. To capture scalability and to respond to customer expectations on international projects, complex deliveries, advanced product concepts as well as innovative software solutions we are taking the next step in our organizational development”, CEO Per Mandorf comments. “We are aligning our resources to capture growth opportunities and to optimize investments paired with a clear focus on executing our strategy of growing SaaS-revenues, customer centricity and scalability,” Mandorf adds.

GROUP MANAGEMENT

The new Group Management team will consist of eight members representing both functional expertise and the group’s main markets:

  • Per Mandorf, Chief Executive Officer & President
  • Manu Mesimäki, Chief Operational Officer, Country Manager Finland
  • Laila Hede Jensen, Chief Commercial Officer
  • Johanna Webb, Chief Product Officer, Country Manager Sweden
  • Ola Saeverås, Country Manager Norway
  • Hans-Christiaan de Vaan, Country Manager Netherlands
  • Ola Burmark, Chief Financial Officer
  • Daniel Oelker, Chief Communication Officer

Except Laila Hede Jensen all individuals are already part of the group management team. Ms Hede Jensen is of Danish nationality and has an international sales and marketing background within Digital Signage. Ms Hede Jensen will commence her new position as Chief Commercial Officer on 1 February 2020.

Leif Liljebrunn (M&A), Ben Bellborn (R&D) and Jens Helin (International Sales) will stay in the Group and resume their operational responsibilities reporting to Group Management or the CEO.

Oscar Arp, currently Executive Vice President and Business Area Manager Sweden, has decided to leave ZetaDisplay. “Oscar has made a substantial contribution to our operations by building a strong sales pipeline. We wish him all the best for his future career”, Per Mandorf comments.

Malmö, 16 January 2020

For questions, please contact:

Per Mandorf, CEO and President
Phone +46 704-25 82 34
Email per.mandorf@zetadisplay.com

Ola Burmark, CFO
Phone +46 708-21 57 86
E-mail ola.burmark@zetadisplay.com

Daniel Oelker, CCO
Phone +46 708-45 80 54
E-mail daniel.oelker@zetadisplay.com

About ZetaDisplay

ZetaDisplay acts at the heart of digital transformations in physical environments. We contribute to nudging peoples’ behaviour at the point-of-decision in retail environments, public spaces and workplace environments. Our solutions are known as Digital Signage that we develop and offer as SaaS-solutions. We are a European leader creating visible value for an international client base.  

ZetaDisplay is based in Malmö, Sweden. The company has annual net sales 400 MSEK and employs 160 employees at nine offices in six European countries. The company controls and maintains today more than 50 000 installations at customers on 50 markets. The share is listed on the NASDAQ OMX Stockholm Stock Exchange [ZETA]. More information at www.zetadisplay.com

Attachments

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GridGain’s Strong Market Momentum Continued in 2019 https://picante.today/it/2020/01/18/128170/gridgains-strong-market-momentum-continued-in-2019/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971382/0/en/GridGain-s-Strong-Market-Momentum-Continued-in-2019.html1971382 FOSTER CITY, Calif., Jan. 16, 2020 (GLOBE NEWSWIRE) — GridGain Systems, provider of enterprise-grade in-memory computing solutions based on Apache Ignite®, today announced continued strong momentum in 2019 across all phases of the company. Key achievements included generating twice as much revenue from new customers in 2019 as compared to 2018, receiving multiple prestigious industry […]]]> Reading Time: 5 minutes

FOSTER CITY, Calif., Jan. 16, 2020 (GLOBE NEWSWIRE) — GridGain Systems, provider of enterprise-grade in-memory computing solutions based on Apache Ignite®, today announced continued strong momentum in 2019 across all phases of the company. Key achievements included generating twice as much revenue from new customers in 2019 as compared to 2018, receiving multiple prestigious industry honors, launching key product and service innovations, and growing the popular In-Memory Computing Summit® in North America and Europe.

“2019 was a pivotal year for in-memory computing as mature platforms became the foundation for high performance, massively scalable production environments all around the world,” said Abe Kleinfeld, president and CEO of GridGain. “As fast data becomes a competitive necessity for more businesses, our customers are coming from an ever-widening range of industries, including e-commerce and retail, financial services, fintech, healthcare, telecommunications, transportation and more. This trend will accelerate in 2020 as more and more companies undergo digital transformations. GridGain will continue to lead the in-memory computing industry with innovative products, thought leadership, and customer growth.”

Growth

  • Revenue from new customers signed in 2019 was 98% higher than in 2018.
  • The number of new customers in 2019 at least doubled compared to 2018 in key industries including financial services, telecommunications, retail and travel.
  • Revenue from new customers in 2019 grew by at least 350% in key sectors including financial services, retail, and transportation and logistics.

Awards

Products, Services and Partnerships

  • Introduced the GridGain Data Lake Accelerator, an in-memory solution for digital businesses that need to combine operational data with historical data stored in data lakes to power real-time analytics and decision automation. The GridGain Data Lake Accelerator is available for use with the GridGain Enterprise Edition and GridGain Ultimate Edition. A free 30-day trial of these three products is available from the GridGain Downloads page.
  • Released GridGain for z/OS, an optimized version of the GridGain in-memory computing platform for use on the IBM z/OS operating system. GridGain’s market-leading in-memory computing solution now runs on virtually all platforms and operating systems, from commodity servers to mainframes.
  • Released the GridGain Community Edition to bring production readiness to Apache Ignite. GridGain Community Edition includes the Apache Ignite code base plus patches and additional functionality developed to improve performance, reliability, security and manageability.
  • Introduced the first support offering for Apache Ignite. GridGain Basic Support for Apache Ignite enables companies with new or existing Apache Ignite deployments to access the deep expertise of GridGain’s support engineers to troubleshoot performance or reliability issues and identify configuration optimizations, workarounds or software patches to improve the performance of their Ignite environment.
  • Released new consulting services packages for Apache Ignite and GridGain Community Edition. The blocks of consulting hours can be used for assistance with a wide variety of tasks, such as software configuration and setup, performance optimizations, architectural design planning or review, and much more. Available in 30-hour blocks, all consulting is delivered remotely, providing cost-effective access to the deep expertise of the GridGain Professional Services team.
  • Introduced GridGain Developer Bundles to help accelerate digital transformations. The new GridGain Developer Bundles help companies implementing Apache Ignite or GridGain speed the development and rollout of real-time, massively scalable applications through in-depth developer training and consulting assistance with common tasks, such as architectural reviews and performance optimizations. Once live, the support services included in the bundles ensure that any issues that arise in the pre-production or production deployments can be submitted to the GridGain customer engineering team for rapid resolution.
  • GridGain and Azul Systems collaborated to enable Java for ultra low-latency use cases at massive scale. Joint testing of a GridGain cluster running on Zing®, Azul Systems’ optimized Java Virtual Machine (JVM), revealed that a GridGain distributed cluster run on Zing can consistently deliver 10x better latency for the 99.99th percentile in comparison to general-purpose JVMs.
  • Added automatic data persistence, high availability and immediate restarts to the GridGain Cloud In-Memory-Computing-Platform-as-a-Service. GridGain Cloud can be launched with just a few mouse clicks. It delivers in-memory speed by maintaining all data in memory and offers unlimited horizontal scalability by distributing data across a distributed cluster of servers. New nodes can be added to the cluster dynamically. The data held in memory is continually backed up to disk and is available in seconds in the event of a restart.
  • Made the GridGain in-memory computing platform available in the Microsoft Azure Marketplace. The availability of GridGain via the Microsoft Azure Marketplace enables companies deploying databases on Azure to confidently add extreme speed and massive scalability for data-intensive applications.
  • Joined the Cloud Native Computing Foundation® (CNCF®) and The Linux Foundation, demonstrating its support for the CNCF with a Silver Membership and participating in the foundation’s programs and guidance related to supporting cloud-native applications.

In-Memory Computing Thought Leadership

  • The fifth annual In-Memory Computing Summit® North America took place in November 2019 at the Hyatt Regency San Francisco Airport. More than 30 industry leaders delivered six keynote addresses and 25 breakout sessions. More than 540 people registered to attend, representing 321 organizations from 13 countries on 4 continents, a 22 percent increase in registrations compared to the 2018 event.
  • The third annual In-Memory Computing Summit® Europe took place in June 2019 at the Park Plaza Victoria London. More than 38 industry leaders delivered 5 keynote addresses and 36 breakout sessions. More than 500 people representing 271 organizations from 26 countries on 5 continents registered to attend, a 70 percent increase in registrations compared to 2018.
  • GridGain continued its global effort to help businesses understand how in-memory computing addresses the speed and scalability requirements of modern, data-intensive applications. The company participated in 17 industry conferences, hosted 24 webinars and workshops, and organized or provided speakers for 50 meetups around the world.

The GridGain in-memory computing platform is built on a memory-centric architecture that can leverage ongoing advancements in memory and storage technologies to power digital transformations, machine learning and IoT applications, and Digital Integration Hub architectures. GridGain offers up to a 1,000x improvement in performance for applications built on disk-based databases. GridGain supports data processing APIs including ANSI-99 SQL, key-value, compute, machine learning and more, and supports ACID transactions, all at in-memory speeds.

Additional Resources
To learn more about the GridGain in-memory computing platform:

About GridGain Systems
GridGain Systems is revolutionizing real-time data access and processing by offering an in-memory computing platform built on Apache Ignite. GridGain solutions are used by global enterprises in financial services, software, e-commerce, retail, online business services, healthcare, telecom, transportation and other major sectors, with a client list that includes ING, Raymond James, American Express, Societe Generale, Finastra, IHS Markit, ServiceNow, Marketo, RingCentral, American Airlines, Agilent, and UnitedHealthcare. GridGain delivers unprecedented speed and massive scalability to both legacy and greenfield applications. Deployed on a distributed cluster of commodity servers, GridGain software can reside between the application and data layers (RDBMS, NoSQL and Apache™ Hadoop®), requiring no rip-and-replace of the existing databases, or it can be deployed as an in-memory database. GridGain is the most comprehensive in-memory computing platform for high-volume ACID transactions, real-time analytics, web-scale applications, continuous learning and hybrid transactional/analytical processing (HTAP). For more information, visit gridgain.com.

CONTACT:
Terry Erisman
GridGain Systems
terisman@gridgain.com
(650) 241-2281

GridGain is a trademark or registered trademark of GridGain Systems, Inc. Apache, Apache Hadoop, Hadoop, Apache Ignite, Ignite, Apache Kafka, Kafka, Apache Spark, and Spark are trademarks of The Apache Software Foundation. All other product and company names herein may be trademarks of their registered owners.

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Microchip Joins Responsible Business Alliance (RBA) – the Global Industry Coalition Dedicated to Corporate Social Responsibility https://picante.today/it/2020/01/18/128164/microchip-joins-responsible-business-alliance-rba-the-global-industry-coalition-dedicated-to-corporate-social-responsibility/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971409/0/en/Microchip-Joins-Responsible-Business-Alliance-RBA-the-Global-Industry-Coalition-Dedicated-to-Corporate-Social-Responsibility.html1971409 CHANDLER, Ariz., Jan. 16, 2020 (GLOBE NEWSWIRE) — Microchip Technology Inc. (Nasdaq: MCHP) today announced it has joined the Responsible Business Alliance (RBA), a nonprofit coalition of companies dedicated to the improvement of social, environmental and ethical conditions in their global supply chains. The RBA Code of Conduct is a set of social, environmental and […]]]> Reading Time: 2 minutes

CHANDLER, Ariz., Jan. 16, 2020 (GLOBE NEWSWIRE) — Microchip Technology Inc. (Nasdaq: MCHP) today announced it has joined the Responsible Business Alliance (RBA), a nonprofit coalition of companies dedicated to the improvement of social, environmental and ethical conditions in their global supply chains.

The RBA Code of Conduct is a set of social, environmental and ethical industry standards. The standards set out in the Code of Conduct reference international norms and standards including but not limited to the Universal Declaration of Human Rights, ILO International Labor Standards, OECD Guidelines for Multinational Enterprises plus ISO and SA standards.

“With the principles of corporate social responsibility as a fundamental part of Microchip’s DNA, we remain committed in every aspect of our business and operations to advancing human rights, ethics and health and safety worldwide,” said Ganesh Moorthy, president and chief operating officer. “Along with RBA member companies, we align under a set of common values that send a clear message of commitment to the global supply base and to our customers.”

Founded in 2004, the RBA and its initiatives have nearly 400 company members committed to improving conditions in global supply chains; including safe working conditions and ethical labor practices.

Microchip’s values and operating principles including its Code of Business Conduct and Ethics, certifications, sustainability reporting and other standards are reflected in the company’s practices and actions of employees worldwide. Microchip is committed to aligning with organizations and companies worldwide to advocate for principals regarding workforce and labor standards, human rights, sustainability and anti-corruption. 

About Microchip Technology
Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

Note: The Microchip name and logo and the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

 

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CDK Global to Announce Second Quarter Fiscal 2020 Financial Results on February 4, 2020 https://picante.today/it/2020/01/18/128154/cdk-global-to-announce-second-quarter-fiscal-2020-financial-results-on-february-4-2020/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971463/0/en/CDK-Global-to-Announce-Second-Quarter-Fiscal-2020-Financial-Results-on-February-4-2020.html1971463 HOFFMAN ESTATES, Ill., Jan. 16, 2020 (GLOBE NEWSWIRE) — CDK Global, Inc. (Nasdaq:CDK) is scheduled to release its financial results for the fiscal second quarter ended December 31, 2019 after the closing of the Nasdaq market on Tuesday, February 4, 2020. CDK will also be hosting a conference call at 4:00 p.m. CT on February […]]]> Reading Time: 2 minutes

HOFFMAN ESTATES, Ill., Jan. 16, 2020 (GLOBE NEWSWIRE) — CDK Global, Inc. (Nasdaq:CDK) is scheduled to release its financial results for the fiscal second quarter ended December 31, 2019 after the closing of the Nasdaq market on Tuesday, February 4, 2020.

CDK will also be hosting a conference call at 4:00 p.m. CT on February 4, 2020 to discuss the results for the fiscal quarter. Brian Krzanich, chief executive officer, Joe Tautges, executive vice president and chief financial officer, and Julie Schlueter, director investor relations, will be participating on the call.

Investors and interested participants are invited to listen to the conference call and view the accompanying slide presentation via live webcast, which can be accessed through the CDK Investor Relations home page, http://investors.cdkglobal.com. The slide presentation will be available approximately 30 minutes before the webcast on the CDK Investor Relations home page. A replay of the webcast will be available on the Events & Presentations section of the CDK Investor Relations home page.

About CDK Global

With $2 billion in revenues, CDK Global (Nasdaq:CDK) is a leading global provider of integrated information technology solutions to the automotive retail and adjacent industries. Focused on enabling end-to-end automotive commerce, CDK Global provides solutions to dealers in more than 100 countries around the world, serving approximately 30,000 retail locations and most automotive manufacturers. CDK solutions automate and integrate all parts of the dealership and buying process, including the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. 

Investor Relations Contact:
investor.mail@cdk.com
847.485.4000       

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Phenom People Raises $30 Million in Series C Proving the HR Shift Towards AI-Powered Talent Experiences https://picante.today/it/2020/01/18/128156/phenom-people-raises-30-million-in-series-c-proving-the-hr-shift-towards-ai-powered-talent-experiences/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971465/0/en/Phenom-People-Raises-30-Million-in-Series-C-Proving-the-HR-Shift-Towards-AI-Powered-Talent-Experiences.html1971465 PHILADELPHIA, Jan. 16, 2020 (GLOBE NEWSWIRE) — Phenom People, the global leader in Talent Experience Management (TXM), today announced $30 million in Series C funding, bringing total investments to $61 million. The round is led by WestBridge Capital, with participation from AllianceBernstein Private Credit Investors’ Growth Stage Capital Group. Contributions from existing investors include AXA […]]]> Reading Time: 3 minutes

PHILADELPHIA, Jan. 16, 2020 (GLOBE NEWSWIRE) — Phenom People, the global leader in Talent Experience Management (TXM), today announced $30 million in Series C funding, bringing total investments to $61 million. The round is led by WestBridge Capital, with participation from AllianceBernstein Private Credit Investors’ Growth Stage Capital Group. Contributions from existing investors include AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime Ventures and Karlani Capital. To support the global demand for AI-driven talent experiences, Phenom People will use the investments for continued company growth and scale.

Headquartered in Philadelphia with offices in Canada, India, Israel, U.K. and Netherlands, Phenom People has grown to 500 employees with over 300 customers across all industries and ranks 120 on the Deloitte Technology Fast 500.

“Global organizations are shifting their spend from legacy singular HR tools to data-driven, intelligent talent experience platforms,” said Mahe Bayireddi, CEO and co-founder at Phenom People. “CHROs can make an investment in a modern approach—connecting every interaction across the talent lifecycle for candidates, recruiters, employees and management.”

“Phenom People’s talent experience technology is unrivaled in today’s marketplace,” said Sumir Chadha, founder and managing director at WestBridge Capital. “Their solution is transforming and progressing HR in ways that point solutions and acquired technologies do not. This matches the market direction towards experience management for talent.”

“We’re prioritizing strategic investments that align with market trends,” said Abhishek Sud, managing director at AB-GSC. “Experience management is the next era for global companies investing in talent—Phenom People is pioneering the standards and technology. They have an impressive portfolio of large global brands and a history of commitment to their customers’ success.”

Human Resources is a marketplace worth over $400 billion, with $32 billion spent on technology solutions. With over 45 million people changing jobs per year in the U.S. alone, the elaborate process of job searching, sourcing, interviewing and onboarding is time-consuming and costly. Employers require data and automation to personalize and optimize the journey for every talent experience. Yet teams continue to make the mistake of investing in a series of singular tools, widening the disconnect between people, processes and systems.

The Phenom Talent Experience Management platform—a single platform that eliminates the need for multiple HR tools—connects the four key stakeholder experiences in the talent lifecycle and reduces time-to-hire and cost-per-hire, while improving talent quality and productivity:

  • Candidate Experience: Talent leaders make the candidate journey meaningful and personalized with the integration of their career site, chatbot, CMS and university recruiting app. Instant delivery of job recommendations converts more qualified applicants and allows recruiters to spend more time with top talent.
  • Recruiter Experience: Recruiters identify top talent faster with AI-powered fit and engagement scoring in their CRM. Email and SMS campaigns further engage passive candidates and build quality pipelines.
  • Employee Experience: Talent management empowers employees to identify new career paths, learning opportunities, and skill gaps with personalized job openings and internal mobility. Automating the referral process allows them to tap into their professional networks and help fill roles faster.
  • Management Experience: Leadership and hiring managers identify gaps in the hiring process and optimize strategies by evaluating talent analytics, reporting and forecasting. These analyses also allow talent leaders to develop succession plans that prepare the organization for future growth.

Phenom People hosts the world’s largest talent experience conference, IAMPHENOM, for CHROs, talent leaders and HR practitioners. IAMPHENOM 2020 will be held in Philadelphia from March 3–5. Register here and use discount code SERIESC.

About WestBridge
WestBridge Capital is a highly experienced investment firm, managing ~$3 billion in capital. WestBridge seeks to partner with promising mid-sized companies run by outstanding entrepreneurs and management teams for the long-term, whether they are public or private.

For more information about WestBridge, visit www.WestBridgecap.com.

About AB Private Credit Investors and AB Growth Stage Capital
AB Private Credit Investors is the middle market direct lending platform of AllianceBernstein L.P. (AB). AB-PCI manages approximately $9.2 billion in capital available for investment and offers a range of financing solutions to middle market companies, including having the capacity to invest up to $150 million of credit to a single borrower while also making sizable equity co-investments.

The investment in Phenom People was executed as part of AB-PCI’s Growth Stage Capital initiative (AB-GSC). AB-GSC caters to high growth technology companies backed by leading venture capital and growth equity firms. Other recent AB-GSC investments include companies such as Rubrik, Workfront, Degreed, Punchh, Heap Analytics, Fuze and DataRobot.

Additional information about AB may be found on our website, www.alliancebernstein.com.

About Phenom People
Phenom People is a global HR technology company with a mission to help a billion people find the right job. We do this through an AI-based SaaS platform called Talent Experience Management.

To see open jobs, visit Phenom People’s career site.

For more information, please visit www.phenompeople.com.

Media Contact:
Derek Herman
Phenom People
derek.herman@phenompeople.com 

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a3922449-13e6-4ed9-a4ef-2b1a3776040a

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NETSOL Technologies to Ring Nasdaq Closing Bell on Tuesday, January 21, 2020 https://picante.today/it/2020/01/18/128166/netsol-technologies-to-ring-nasdaq-closing-bell-on-tuesday-january-21-2020/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971372/0/en/NETSOL-Technologies-to-Ring-Nasdaq-Closing-Bell-on-Tuesday-January-21-2020.html1971372 CALABASAS, Calif., Jan. 16, 2020 (GLOBE NEWSWIRE) — NETSOL Technologies Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, will ring the Nasdaq Closing Bell on Tuesday, January 21, 2020. Select members of NETSOL’s senior leadership team will join Co-Founder, Chairman and CEO Najeeb Ghauri to ring the bell. “This ceremony commemorates over two […]]]> Reading Time: 2 minutes

CALABASAS, Calif., Jan. 16, 2020 (GLOBE NEWSWIRE) — NETSOL Technologies Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, will ring the Nasdaq Closing Bell on Tuesday, January 21, 2020.

Select members of NETSOL’s senior leadership team will join Co-Founder, Chairman and CEO Najeeb Ghauri to ring the bell.

“This ceremony commemorates over two decades of NETSOL being listed on Nasdaq,” said Ghauri. “We appreciate the support of our employees, partners, customers and shareholders who have all collectively played a significant role in our growth and development over the years. NETSOL is, and always has been, an adaptive organization, which is why we’ve been able to lead in our domain for a number of years. To effectively address the digital economy and enterprise needs worldwide, we are also Cloud ready. Our best days as an organization are yet ahead.”

The ceremony will be held at Nasdaq’s MarketSite in New York City and will be webcast live starting at 3:50 p.m. Eastern time via the following link: https://livestream.com/nasdaq/live.

About NETSOL Technologies 
NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global finance and leasing industry. The company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1,300 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent – help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.

Investor Relations Contact:

Matt Glover and Tom Colton
Gateway Investor Relations
949-574-3860
NTWK@gatewayir.com

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Vouch uses Socotra’s cloud-based platform to launch insurance products tailored for high-growth startups https://picante.today/it/2020/01/18/128168/vouch-uses-socotras-cloud-based-platform-to-launch-insurance-products-tailored-for-high-growth-startups/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971374/0/en/Vouch-uses-Socotra-s-cloud-based-platform-to-launch-insurance-products-tailored-for-high-growth-startups.html1971374 SAN FRANCISCO, Jan. 16, 2020 (GLOBE NEWSWIRE) — Vouch, the San Francisco-based insurance platform specializing in business insurance for startups, chose Socotra, the first cloud-native insurance core platform, to complement its proprietary technology and quickly and flexibly launch new products in several markets. A unique and growing category, startups face many of the same risks […]]]> Reading Time: 2 minutes

SAN FRANCISCO, Jan. 16, 2020 (GLOBE NEWSWIRE) — Vouch, the San Francisco-based insurance platform specializing in business insurance for startups, chose Socotra, the first cloud-native insurance core platform, to complement its proprietary technology and quickly and flexibly launch new products in several markets.

A unique and growing category, startups face many of the same risks as large companies — and establishing a foundation early on to mitigate these risks is crucial to long-term growth. However, getting insurance protection to cover these risks is often a slow process with an expensive price tag for a product not designed with the unique needs of the startup in mind. Vouch Insurance solves this by providing startups with customized business insurance coverage in a matter of minutes, rather than days or weeks.

Vouch Insurance has raised nearly $70 million, and was co-founded by Sam Hodges and Travis Hedge. Hodges, who serves as CEO, is a fintech veteran and previously co-founded the online lending business FundingCircle U.S. Hedge is a former investor with Nationwide Insurance and SVB Capital.

“As an entrepreneur, I know from experience that speed-to-market is imperative to success,” said Sam Hodges, CEO and co-founder of Vouch Insurance. “Early in our product development, we discovered that partnering with Socotra was the best option for us to complement some of the core systems work we were doing ourselves. This allowed us to not only create unique business insurance products, but launch them quickly and efficiently — which has helped us reach more founders and grow our footprint faster.”

Socotra’s platform is the insurance industry’s first cloud-native backend, and the first with open configuration and APIs empowering insurers to deploy powerful technology with their choice of engineering resources. Socotra makes it easy for insurance organizations of all sizes to quickly design and deploy new products to better serve their customers.

“It has been a pleasure to see what Vouch has done with Socotra,” said Dan Woods, CEO and founder of Socotra. “Vouch’s product went from concept to production in only five months, a timeline that’s nearly unheard of in the insurance industry. We are proud to work with forward-thinking companies like Vouch to create a new world of possibilities.”

About Socotra
Founded in 2014 and based in San Francisco, Socotra’s mission is to provide insurers with a modern, enterprise-grade core system that enables them to rapidly develop and distribute products that better serve their customers. The result is a flexible, radically open, cloud-native solution that unifies underwriting, policy management, claims, reinsurance, reporting, and more. To learn more, visit www.socotra.com.

About Vouch
Vouch is a new kind of insurance platform for startups, offering fully-digital, tailored coverage that takes minutes to activate. Vouch works directly with its clients to insure, manage, and avoid risks, rather than brokering their insurance out to legacy carriers, so founders can focus on building their business. Vouch was founded by Sam Hodges and Travis Hedge, who experienced firsthand the value of insurance coverage tailored to a startup’s needs. Vouch is backed by Y Combinator, Ribbit Capital, and Index Ventures, and is backed and trusted by Silicon Valley Bank to serve its client base. Vouch has offices in San Francisco and Chicago. Learn more at vouch.us or on Twitter @vouch_group.

Media Contact:
Natalie Johnson
natalie@bulleitgroup.com

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Timeout called on online negativity as mobile users are invited to #TextForHumanity https://picante.today/it/2020/01/18/128158/timeout-called-on-online-negativity-as-mobile-users-are-invited-to-textforhumanity/ Sat, 18 Jan 2020 06:57:44 +0000 http://www.globenewswire.com/news-release/2020/01/16/1971427/0/en/Timeout-called-on-online-negativity-as-mobile-users-are-invited-to-TextForHumanity.html1971427 Sinch and Mental Health America launch world’s first texting switchboard, inviting people to send positive messages to strangers. STOCKHOLM, SWEDEN and SEATTLE, WA, JANUARY 16, 2020 – In response to the spread of online negativity, Sinch AB (publ) has teamed with Mental Health America (MHA) to build the world’s first texting switchboard, #TextForHumanity. The new […]]]> Reading Time: 4 minutes

Sinch and Mental Health America launch world’s first texting switchboard, inviting people to send positive messages to strangers.

STOCKHOLM, SWEDEN and SEATTLE, WA, JANUARY 16, 2020 – In response to the spread of online negativity, Sinch AB (publ) has teamed with Mental Health America (MHA) to build the world’s first texting switchboard, #TextForHumanity. The new service, developed by Sinch, the global leader in cloud communications for mobile customer engagement, lets people send a positive message to a stranger – and receive one in return.

While mobility and social media have connected the world, they’ve also created a new door for negative attitudes and behaviors to enter our lives. Several studies in recent years have investigated possible links between social media and smartphone use with poor mental health, including symptoms of depression and anxiety1. And with politicians, celebrities and even brands increasingly involved in public arguments online, people are often compelled into online fights of their own, with one poll revealing that more than half of the public engage in online arguments2.

Meanwhile social isolation is a modern epidemic3 which affects people of all ages. A recent study among U.S. adults pointed to 30 percent of millennials feeling lonely – the highest rate of all age groups surveyed4.

“Although we’re using our phones to communicate 24/7, many often feel worse mentally, not happier,” said Jonathan Bean, Sinch’s Chief Marketing Officer. “People are rightly asking tough questions of the digital and social tech that’s become so ingrained in our lives so quickly. It prompted us to think – what if we could harness mobile communication as a pushback against online negativity, instead of a trigger? It’s why we’ve partnered with Mental Health America to take on online negativity, one positive text at time. We all love our phones, but it’s time for our phones to love us back.”

“MHA is thrilled to be partnering with Sinch on this incredible initiative,” said Paul Gionfriddo, president and CEO, Mental Health America. “We know there is a lot of negativity online these days – and by taking a minute to deliver a simple, positive message to someone who may need it, each of us can help brighten someone’s day and lift up their overall mental well-being.”

#TextForHumanity has a broad and inclusive reach given the fact that most mobile devices have SMS capability. It’s easy for anyone with even the most basic phone to become a part of #TextForHumanity, by following four simple steps:

  1. Text JOIN to +1 833 421-4726 (additional international number options are available on TextForHumanity.com), and the service will ask for a couple of simple details. All data is stored securely, and no personal or identifying details will be known or shared.
  2. Write a short text that will make someone smile. It needs to be within 160 characters, and there’s tips to help get started on TextForHumanity.com.
  3. #TextForHumanity will share your message with a stranger somewhere in the world. The service will initially be run in English language only.
  4. Receive a positive message from a stranger. Texts you receive can also be easily shared from a smartphone on social media, in a colorful template.

In any 24-hour period, users can send and receive up to five positive texts from strangers around the world, and can opt out at any time by simply replying STOP to the service.

Ends

For more information, please contact:

Jeff Hasen

Director of Communications

Sinch

jeff.hasen@sinch.com

About Sinch

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

About Mental Health America

Mental Health America (MHA) is the United States’ leading community-based nonprofit dedicated to addressing the needs of those living with mental illness and to promoting the overall mental health of all Americans. MHA’s work is driven by its commitment to promote mental health as a critical part of overall wellness, including prevention services for all; early identification and intervention for those at risk; integrated care, services, and supports for those who need it; with recovery as the goal.


1 Example studies include:

  • Niall McCrae, Sheryl Gettings, Edward Purssell (2017). Social Media and Depressive Symptoms in Childhood and Adolescence: A Systematic Review. Adolescent Research Review volume 2, pages 315–330.
  • Cheever, N.A., Rosen, L.D., Carrier, L.M., & Chavez, A. (2014). Out of sight is not out of mind: The impact of restricting wireless mobile device use on anxiety levels among low, moderate and high users. Computers in Human Behavior, 37, 290-297.
  • Ndasauka Y, Hou J, Wang Y, Yang L et al. (2016) Excessive use of Twitter among college students in the UK: Validation of the Microblog Excessive Use Scale and relationship to social interaction and loneliness. Computers in Human Behavior, 55, 963-971.
  • Lee-Won R J, Herzog L & Gwan Park S (2015) Hooked on Facebook: The role of social anxiety and need for social assurance in problematic use of Facebook. Cyberpsychol. Behav. Soc. Netw., 18, 567-574.

2 The Webby Awards, YouGov (2019). Under the Influence 2020 Trend Report.

3 Health Resources & Services Administration (2019). The Loneliness Epidemic

4 YouGov (2019). Millennials are the loneliest generation.

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