CLOUDFLARE POWERS PRIVACY ENHANCING TECHNOLOGY IN MICROSOFT EDGE SECURE NETWORK

KUALA LUMPUR, Sept 29 (Bernama) -- Cloudflare Inc announced that Microsoft Edge is leveraging Cloudflare’s Privacy Proxy technology, a key part of Cloudflare’s privacy stack, to enable its Edge Secure Network feature.

According to Cloudflare in a statement, this integration will allow Microsoft Edge users who opt in to browse the Internet more privately, without being tracked across websites.

It provides an extra layer of protection when browsing the web and visiting unfamiliar sites, ultimately reducing risk and enhancing security for Internet users.

“This integration with Microsoft Edge will give Internet users peace of mind when it comes to connecting to public Wi-Fi at coffee shops or airports, shopping online, and masking the original sin of the internet, IP addresses,” said Cloudflare chief executive officer, Matthew Prince.

Meanwhile, Microsoft Edge Principal Product Manager, Andrew Nolan said: “We are excited to be working with Cloudflare because of its reputation for building privacy-forward technologies and deep involvement in developing the next generation of open privacy-enabling protocols.

“This integration ensures privacy and balances performance, giving our users protection in the moments they need it the most. Embedding privacy preserving technology into the Microsoft Edge browser demonstrates our continued commitment to provide our users with advanced security and peace of mind as they browse online.”

Cloudflare’s privacy-first approach, paired with Microsoft Edge Secure Network, supercharges Internet users’ ability to access potentially unsafe URLs, such as those served over an insecure HTTP connection, securely, routing traffic through an encrypted tunnel.

This integration provides Edge users with automatic browser traffic security; connection encryption; online tracking prevention; and location privacy.

-- BERNAMA

LANLING COUNTY SHOWCASES VAST BURDOCK PRODUCTS AT FOOD CULTURE FESTIVAL

KUALA LUMPUR, Sept 29 (Bernama) -- The "2023 China (Lanling) Burdock Food Culture Festival" held recently in Lanling County offered a diverse range of burdock products such as burdock tea, burdock noodles and burdock snack that left consumers amazed and spoilt for choice.

According to the News Office of the People's Government of Lanling County in a statement, burdock possesses various medicinal values and remarkable health benefits, including its rejuvenating and longevity properties.

As the "hometown of vegetables in China" and "hometown of burdock in China", Lanling County boasts a vast burdock cultivation area with each burdock plant offering a diverse range of products.

By leveraging the development of a series of burdock-based products and agricultural tourism projects, Lanling County has expanded its market channels in which the cultural festival has transformed burdock into a delectable delight for everyone to savour.

During the cultural festival, 100 renowned chefs from various parts of Shandong Province showcased a grand burdock feast featuring Lanling's finest specialty ingredient.

The delectable array of dishes captivated everyone's taste buds, whereby the combination of Linyi fried chicken and Lanling burdock, known as "Burdock Chicken", became an irresistible delicacy that people eagerly lined up to savour.

Furthermore, Lanling's distinctive local ingredients, including Lanling burdock, Cangshan garlic and Great Wall chilli, were artfully incorporated to create a delightful fusion of flavours that delighted all.

As the primary hub for burdock products, Zhuangwu Town in Lanling County has seen the establishment of over 100 burdock processing enterprises, which had a significant impact in providing employment and income opportunities for over 200,000 individuals.

-- BERNAMA

SWITCHING TO CLOUDFLARE CUTS CARBON EMISSIONS UP TO 96 PCT

KUALA LUMPUR, Sept 26 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has shared a new independent report published by Analysys Mason.

The report found that switching enterprise network services from on premises devices to Cloudflare’s cloud-based services can cut related carbon emissions up to 96 per cent, depending on the current network footprint.

According to Cloudflare in a statement, the report is one of the first of its kind to calculate potential emissions savings achieved by replacing enterprise network and security hardware boxes with more efficient cloud services.

Its chief executive officer and co-founder, Matthew Prince said the best way to reduce information technology (IT) infrastructure’s carbon footprint is to move to the cloud.

“At Cloudflare, we have built one of the world’s most efficient networks, getting the most out of every watt of energy and every one of our servers. That is why, with Cloudflare, companies can help hit their sustainability goals without sacrificing security, speed, performance or innovation,” he said.

The greatest reduction comes from consolidating services, which improves carbon efficiency by increasing the utilisation of servers that are providing multiple network functions. On premises devices are designed to host multiple workloads and consume power constantly, but are only used for part of the day and part of the week.

Cloud infrastructure is shared by millions of customers, often worldwide, thus enabling cloud providers to achieve economies of scale that result in less downtime, less waste and lower emissions.

Furthermore, the Analysys Mason study found that there are additional gains due to the high Power Usage Effectiveness of cloud data centres, and differences in the carbon intensity of generation in the local electricity grid.

Analysys Mason compared a typical hardware stack deployed in an enterprise data centre or IT closet, and its associated energy consumption, to the energy consumption of comparable functions delivered by Cloudflare’s global network.

-- BERNAMA

ASLP ESTABLISHES BIOTECHNOLOGY STARTUP COMPANY WITH US$16MLN IN SERIES A FUNDING

KUALA LUMPUR, Sept 27 (Bernama) -- Accelerator Life Science Partners (ALSP), has launched the Series A financing of Automera, a new biotechnology company that focuses on the development of autophagy-targeting chimaera small molecules (AUTACs).

Augmented with quantum chemistry and artificial intelligence (AI) enabled drug discovery tools, Automera’s AUTACs have the broad potential to rapidly generate novel therapeutic leads for a range of diseases. Automera will initially focus its product development efforts to treat cancer.

According to a statement, Automera has secured US$16 million in Series A funding, a co-led endeavour by ALSP and ClavystBio, with participation from Singapore-based global investor EDBI, Xora Innovation, and other undisclosed investors. (US$1=RM4.70)

ALSP Executive Vice President and Automera board member, Alice Chen said Automera exemplifies the innovative scientific and translational research ongoing in the region, as it is ALSP first investment in Singapore.

“We plan to leverage ALSP’s unique company-building capabilities in Singapore, and we look forward to working with the broader Singapore community to enhance the platform technologies and early-stage therapeutic programmes that Automera will develop,” she said.

Meanwhile, Automera co-founder, Loong Wang said: “We greatly value the business and financial support that ALSP provides and are proud that leading healthcare investors are participating in Automera’s Series A financing. With these resources, Automera is well positioned to deploy our AUTAC platform toward the development of potentially transformative therapies.”

Automera’s AUTAC platform is a next-generation approach to realising the potential of targeted protein degradation (TPD) as a therapeutic modality, in which TPD, an emerging field of novel therapeutics, catalyses the degradation of disease-related proteins while retaining the benefits of small molecules.

An early-stage life science accelerator and investment firm that creates and builds next-generation biotechnology companies centred on innovative science, Automera focused on the development of a novel therapeutic approach via autophagy-based targeted protein degradation.

-- BERNAMA

CLOUDFLARE STUDY: MAJORITY RESPONDENTS FIND VALUE IN CONNECTIVITY CLOUD APPROACH

KUALA LUMPUR, Sept 27 (Bernama) -- Cloudflare Inc has released a commissioned study that underscores companies’ growing need to connect everything in their business, while maintaining control over their security, productivity and competitive growth.

To help the industry address this emerging challenge, Cloudflare is introducing the concept of the connectivity cloud, a unified platform of cloud-native services designed to help enterprises regain control over their increasingly complex and sprawling technology and data.

According to a statement, in the last several years, global organisations have seen a dramatic increase in the adoption of more applications, often Software as a Service (SaaS)-based, to help teams efficiently and collaboratively operate in a hybrid work environment.

However, this has introduced new risks and challenges and led nearly 40 per cent of organisations to agree or strongly agree that they are losing control over their information technology (IT) and security environments.

IT and Security teams are now tasked with responsibilities to remain productive and compliant while managing an increasingly complex landscape, and a third of organisations say these new responsibilities were not in their purview five years ago.

For instance, 52 per cent of IT and security teams were not responsible for ensuring security for all in-office, remote or hybrid workers five years ago, but are today.

In addition, greater than 40 per cent are also now responsible for managing and securing applications in public cloud environments or managing and securing data in SaaS environments, despite not owning these areas five years ago.

Furthermore, IT and security leaders see their major challenges revolving around managing a growing business landscape while ensuring their team remains productive and secure.

The study reveals that 98 per cent of organisations agree that today’s businesses would gain value from a connectivity cloud that provides secure, performant, “any-to-any” connectivity, more now than ever before.

In September 2023, Cloudflare commissioned Forrester Consulting to evaluate the IT and security ecosystem whereby Forrester conducted an online survey with 449 IT decision makers across North America, Europe, Asia Pacific and Latin America.

-- BERNAMA

BDA Promotes Bermuda’s Investment Opportunities on Business Development Mission to Singapore

 

HAMILTON, Bermuda, Sept 26 (BUSINESS WIRE) -- The Bermuda Business Development Agency (BDA) has organised a business development mission to Singapore to hold multiple business development missions in and around Submarine Networks World, the world’s largest annual gathering of the global subsea communications community.

David Hart, CEO, BDA said, “Seeking out foreign direct investment in the infrastructure space is a key objective of the BDA’s strategy, as 95 percent of the world’s communications is carried on submarine cable networks. The BDA has long advocated that Bermuda’s location in the Atlantic makes us an ideal landfall and connection point for cables between the Americas, Europe and Africa and opportunities like the Submarine Network World conference dovetail with the BDA and government’s mission to build critical new infrastructure.”

Mr. Hart will be accompanied in Singapore from September 25 to 28 by Steven Rees Davies, Partner, Carey Olsen.

Mr. Rees Davies said, “Bermuda has been a key jurisdiction in the submarine network sector from both a logistical, corporate and financing perspective for decades. The recent introduction of legislation and regulation to govern and protect cable landing projects is testament to the Bermuda government’s commitment to support and facilitate the continued investment in this infrastructure as part of the global network and infrastructure that supports the wider global technology and communications industry.”

The BDA serves as a vital conduit between industry and government, as well as new market entrants and Bermuda’s quality service providers. Having just completed an overseas business development mission to Israel, these targeted missions not only allow the BDA to tell Bermuda’s story, but also puts potential prospects in touch with our comprehensive concierge service, available at info@bda.bm.

This business development mission forms a central component of the BDA’s Asia strategy for 2023 and aligns with the ‘Business Attraction and Investment Promotion’ strategic priority outlined in Bermuda’s Economic Development Strategy.

CONNECTING BUSINESS

The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230922846761/en/

Contact

Stuart Roberts, Director of Marketing & Communications

stuart@bda.bm | +1 441 292 7774

Source : Bermuda Business Development Agency

 

CONCENTRIX, WEBHELP MERGER CREATES GLOBAL CX LEADER

KUALA LUMPUR, Sept 26 (Bernama) -- Concentrix Corporation, a global provider of customer experience (CX) services and technologies, has closed its combination with Webhelp in a transaction valued at approximately US$4 billion, including net debt, and the integration of the two companies is currently in progress. (US$1=RM4.68)

According to Concentrix in a statement, while the finalisation of the permanent name is still underway, the combined entity will operate under the trade name Concentrix + Webhelp.

Concentrix + Webhelp Chief Executive Officer (CEO), Chris Caldwell said: “I am excited to embark on this new journey together and believe that, with our combined strengths, we are uniquely positioned to redefine the industry and design, build and run the future of CX for our amazing and valued clients.”

This combination further positions both companies as a global CX leader, with an expanded breadth of generative artificial intelligence (AI) solutions, digital capabilities and high-value services.

It also strengthens its end-to-end CX value proposition, with one of the most robust, well-balanced global footprints in the industry to help the world’s best brands transform customer experiences and achieve their business goals.

The company also welcomes two new members to the Board of Directors, Olivier Duha and Nicolas Gheysens. Duha is an entrepreneur, philanthropist, co-founder, and former CEO of Webhelp and will serve as Vice Chair of the Board.

Meanwhile, Gheysens is a Partner at Groupe Bruxelles Lambert (GBL), the company’s largest shareholder following the Concentrix + Webhelp combination, and brings with him a wealth of investment and board experience, backing the growth of large and successful businesses across Europe.

“We are fortunate to add such strong skill sets with deep background in the customer experience industry to our Board. With the addition of Olivier and Nicolas, we expand our international expertise in leading large, complex multinational companies on a successful path for growth,” said Concentrix Chair of the Board, Kathryn Marinello.

This combination marks a key milestone for the two companies, as they come together with a complementary culture, footprint, capabilities, and vision for growth across more than 70 countries.

-- BERNAMA

Jumio Representative Vendor For Identity Verification By Gartner, 5th Consecutive Year

 

KUALA LUMPUR, Sept 22 (Bernama) -- Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has been recognised as a Representative Vendor for the fifth consecutive time in the latest Gartner Market Guide for Identity Verification, published early September 2023.

Jumio was named as a Representative Vendor among other identity verification vendors and the Market Guide stated the listed vendors in this research represent what is core in the market, what extends it and what will transform it.

“We think that the Market Guide reinforces what we believe to be true: that the rise of deepfakes warrants a stronger form of identity verification, and that organisations must adopt multimodal biometric authentication, multi-modal liveness checks, deepfake detection models, as well as technologies to prevent presentation and injection attacks,” said Jumio chief technology officer, Stuart Wells in a statement.

Vendors were selected on the basis of one or more criteria such as offering capabilities that support identity verification; frequent inquiries by Gartner clients; represent particular market segments or geographic regions; and fair representation from year to year.

As defined in the Market Guide, the purpose of identity verification is to establish confidence in the identity of a user during a digital interaction. As a result, across all geographies and industries, the use cases in which identity verification is required in the market today have become broad in scope.

This is accelerating as the pace and reach of digital transformation continue to expand the scope of digital interactions for both customers and workforce.

The Market Guide also highlights growing concerns around generative artificial intelligence (AI) and deepfake technologies, with Gartner reporting a significant increase in clients asking about the integrity of identity verification now that attackers could be using deepfakes.

Security and risk management leaders must make deepfake detection a key requirement, and should be suspicious of any vendor that is not proactively discussing its capabilities in this respect, according to the Market Guide.

Recently, Jumio was also recognised as a Representative Vendor in the 2023 Gartner Market Guide for User Authentication, published on Aug 23.

-- BERNAMA

AM BEST AFFIRMS SOMPO JAPAN INSURANCE, ITS SUBSIDIARIES' CREDIT RATINGS

KUALA LUMPUR, Sept 22 (Bernama) -- AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc (SJ) and its subsidiaries.

In a statement, the global credit rating agency said SJ’s credit ratings, which have a stable outlook, reflected its balance sheet strength, which was assessed as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.

SJ’s balance sheet strength assessment reflects the company’s strongest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR) with the company’s financial leverage remains conservative with adjusted debt leverage ratios below 25 per cent, although it is higher compared to its domestic non-life peers in Japan.

It has a track record of strong operating performance, mainly supported by its consistent trend of growing premium income and a five-year average return-on-equity ratio of 7.3 per cent (fiscal year 2018 – 2022) on a consolidated basis, as calculated by AM Best.

SJ is the core operating unit of SOMPO Holdings Inc, (SOMPO Holdings), its ultimate parent and one of the largest non-life insurance groups in Japan.

The company maintains a leading market position with approximately a one-quarter share of Japan’s highly consolidated non-life insurance segment, in terms of net premiums written (NPW).

The stable outlooks reflect AM Best’s expectation that SJ will maintain its overall balance sheet strength assessment, supported by risk-adjusted capitalisation at the strongest level, as measured by BCAR, while ongoing strategic initiatives will help maintain its strong and consistent operating performance over the intermediate term.

Concurrently, the credit rating agency has affirmed the Long-Term ICR of “a-” (Excellent) of Sompo International Holdings Ltd (SIH) Pembroke, Bermuda.

In addition, the Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) on US$335 million seven per cent senior unsecured notes due by 2034 (which is guaranteed by SIH), was also affirmed, with outlooks of these ratings are stable. (US$1=RM4.68)

-- BERNAMA

VONAGE POSITIONED AS A LEADER IN THE 2023 GARTNER® MAGIC QUADRANT™ FOR COMMUNICATIONS PLATFORM AS A SERVICE

HOLMDEL, N.J., Sept 22 (Bernama-BUSINESS WIRE) -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), has been recognized as a Leader in the Gartner Magic Quadrant for Communications Platform as a Service (CPaaS). This recognition positions Vonage in the Leaders Quadrant for Ability to Execute and Completeness of Vision.

“This is a transformative time for cloud communications and how businesses use this technology,” said Rory Read, Vonage CEO and SVP, Head of Business Area Global Communications Platform for Ericsson. “Consumers now expect flexible, intelligent communication between them and the brands they engage with. The ability to communicate from anywhere, on any channel, is a key differentiator and represents the next level of communication between businesses and their customers, and that is what CPaaS - or Communications APIs - provides.”

Read continued, “Vonage’s CPaaS capabilities and strong developer resources enable businesses to embed communications into applications, systems and workflows so customers can engage with businesses on their terms, for deeper engagement and a better overall customer experience. And as we look to the future of business communications, we are focused on building a global network platform and exposing network capabilities as APIs, unlocking the power of the 5G network, and putting it at the fingertips of developers to create new, innovative use cases for enterprises and the customers they serve. We are thrilled to be recognized as a Leader in the Gartner CPaaS Magic Quadrant for our platform today, and our vision for tomorrow.”

In this CPaaS Magic Quadrant, Gartner recognizes vendors based on Completeness of Vision Evaluation Criteria which includes innovation, market understanding and a vertical/industry strategy.

Programmable components for the Vonage Communications Platform such as Vonage AI Acceleration Suite, help improve business productivity, customer experiences and enhance customer engagement with a simplified approach to build new applications. With Vonage AI Studio, VCP empowers developers and non-developers to communicate with customers across channels with AI powered conversational workflows.

Vonage is one of only two vendors recognized in all three Magic Quadrant reports – CPaaS, Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) in the cloud communications space. Vonage CPaaS is part of the Vonage Communications Platform (VCP), which also includes UCaaS, CCaaS and Conversational Commerce applications.

Download the complimentary Gartner Magic Quadrant for CPaaS.

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Gartner, Magic Quadrant for Communications Platform as a Service, By Lisa Unden-Farboud, etc., 18 September 2023

Gartner, Magic Quadrant for Unified Communications as a Service, Worldwide, By Rafael Benitez etc., 28 November 2022

Gartner, Magic Quadrant for Contact Center as a Service, By Drew Kraus, etc., 7 August 2023

About Vonage

Vonage, a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage's Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging, AI and Verification into existing products, workflows and systems. The Vonage conversational commerce application enables businesses to create AI-powered omnichannel experiences that boost sales and increase customer satisfaction. Vonage's fully programmable unified communications, contact center and conversational commerce applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or remotely - providing the flexibility required to create meaningful engagements.

Vonage is headquartered in New Jersey, with offices throughout the United States, Europe, and Asia and is a wholly-owned subsidiary of Ericsson (NASDAQ: ERIC), and a business area within the Ericsson Group called Business Area Global Communications Platform. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230921394755/en/

Contact

Jill Baldassano, +1 848.301.7024, jill.baldassano@vonage.com

Source : Vonage

VERACIO'S LANDMARK ACQUISITION OF MINALYZE SET TO FAST-TRACK GLOBAL OREBODY KNOWLEDGE THROUGH ENHANCED DATA ANALYSIS AND AI

SALT LAKE CITY and GOTHENBURG, Sweden, Sept 19 (Bernama-GLOBE NEWSWIRE) -- Pioneering a transformative leap in geosciences, Veracio has proudly entered into a binding agreement to acquire pioneers in scanning and data innovators, Minalyze for a total consideration equal to US$29.3 million. With the unique combination of Veracio’s AI and advanced analytics solutions and Minalyze’s geological data visualization technology, this strategic acquisition will transform the way the industry captures, analyzes, and interprets geological information, ushering in an era of informed decision-making in an increasingly complex and data-driven world.

"This acquisition represents an exciting new chapter for both Veracio and Minalyze," states Veracio Chief Executive Officer, JT Clark. "We see this as a 'better together' opportunity, leveraging our collective expertise to push boundaries and create a product portfolio that goes beyond anything previously available for the mining and exploration industry."

Annelie Lundström and Mikael Arthursson, the esteemed co-founders of Minalyze, will assume integral leadership positions within Veracio, while the entire Minalyze team will seamlessly transition under the Veracio banner.

"Joining forces with Veracio is a remarkable step forward," says Annelie Lundström. "We believe this acquisition will enable us to enhance what we’ve accomplished to date, deliver distinct value to our clients and redefine industry benchmarks collaboratively."

“We are committed to maintaining the quality and innovation the industry has come to expect from both Veracio and Minalyze,” said Mike Ravella, Veracio’s Chief Innovation Officer. “We want to assure our clients on both sides of this transaction that the products and quality of services they trust and value will continue to be available and well-supported, and we encourage and appreciate their continued support.”

This landmark deal will capitalise on the synergy between Minalyze and Veracio’s scientific and technological progress and prowess. Veracio remains steadfast in its mission to evolve data acquisition and AI in geosciences, and to unveil vital resources globally with enhanced speed. Completion of the transaction is scheduled to occur on 20 September 2023. 

http://mrem.bernama.com/viewsm.php?idm=47042

WILSONHCG NAMED NO. 1 GLOBAL RPO PROVIDER IN HRO TODAY'S 2023 RPO BAKER'S DOZEN LIST

TAMPA, Fla., Sept 21 (Bernama-GLOBE NEWSWIRE) -- WilsonHCG has been recognized as the No. 1 Recruitment Process Outsourcing (RPO) provider in HRO Today’s 2023 Baker’s Dozen List.

The longest-standing customer satisfaction survey in the RPO industry, HRO Today’s Baker’s Dozen List is designed to highlight the world’s top RPO providers and lends transparency into the RPO partnerships that are most impactful. Providers are rated on a range of factors including breadth of solutions, quality of service and size of deal.

“It’s an honor to be ranked No. 1 in the Baker’s Dozen List,” said John Wilson, CEO at WilsonHCG. “This recognition means so much to us as a business because it’s solely driven by client feedback. It really is a testament to the commitment and care that our people place in our client relationships. I want to say a huge thank you to the team and can’t wait to build on this success as we continue to add even more value to our client partnerships.”

“Since WilsonHCG’s first placement on the HRO Today Baker’s Dozen as a challenger brand, it has focused on great customer service and innovative approaches to recruitment process outsourcing and workforce solutions. It has transitioned from its early days as a challenger to a large and market dominating leader which is helping redefine what success should look like for clients of these service offerings. Remarkably, WilsonHCG’s service orientation has continued to improve as it has grown to one of the largest and most successful companies in the space and we congratulate it and its leadership team on ranking as the top provider on the HRO Today RPO Baker’s Dozen,” said Elliot Clark, CEO of HRO Today.

Visit the HRO Today website here to find more information about the Baker’s Dozen List.

About WilsonHCG
WilsonHCG is an award-winning, global leader in total talent solutions. Operating as a strategic partner, it helps some of the world’s most admired brands build comprehensive talent functions. With a global presence spanning more than 65 countries and six continents, WilsonHCG provides a full suite of configurable talent services including recruitment process outsourcing (RPO), executive search, contingent talent solutions and talent consulting.

TALENT.™ It’s more than a solution, it’s who we are.

www.wilsonhcg.com 

Media contact
kirsty.hewitt@wilsonhcg.com
+44 7889901517
813-418-4479 

SOURCE : WilsonHCG

LIVERAMP-CAROUSELL COLLABORATION ENHANCES FIRST PARTY DATA, CLOSED-LOOP REPORTING

KUALA LUMPUR, Sept 21 (Bernama) -- LiveRamp, a data collaboration platform has announced its partnership with Carousell Media Group, a retail media network in Asia for first-party data and closed-loop reporting enhancement.

According to a statement, Carousell is integrating LiveRamp’s data collaboration platform, which includes LiveRamp’s Authenticated Traffic Solution (ATS), to safely and securely support Carousell’s retail media network.

ATS allows Carousell to enhance addressability with LiveRamp’s pseudonymous, people-based identifier, RampID, increasing the value of Carousell’s media inventory across all channels.

It creates addressable audiences without third-party cookies or mobile identifiers, enabling people-based marketing in Chrome, Safari, Firefox and other browsers, preparing marketers for the post-cookie future while providing immediate results.

“Carousell has built one of the strongest e-commerce brands in Southeast Asia, and we are excited to partner with them as we showcase the power of authenticated identity and data collaboration in building sustainable paths forward,” said LiveRamp Managing Director, APAC, Frederic Jouve.

Meanwhile, Carousell Managing Director, JJ Eastwood said: “Our exciting new partnership with LiveRamp is all about creating a direct and dependable link between our advertisers’ data and our own. This means we can personalise ads, optimise strategies, and measure outcomes more effectively across our marketplaces.”

LiveRamp’s data collaboration platform supports Carousell’s retail media efforts, allowing Carousell to responsibly collaborate with brands and their agencies, and enable them to build awareness, improve engagement, and drive purchase consideration to increase return-on-ad-spend (ROAS) without compromising consumer privacy.

It also enables Carousell’s advertisers to enrich data with its unmatched partner network, including connecting data to over 500 platforms across social, television, programmatic, display and search.

A groundbreaking leader in consumer privacy, data ethics, and foundational identity, LiveRamp offers complete flexibility to collaborate wherever data lives to support the widest range of data collaboration use cases within organisations, between brands, and across its premier global network of top-quality partners.

-- BERNAMA

SAUDI ARABIA TO HOST 2024 WORLD ENVIRONMENT DAY

KUALA LUMPUR, Sept 20 (Bernama) -- The United Nations Environment Program (UNEP) announced the Kingdom of Saudi Arabia (KSA) will host the 2024 World Environment Day.

The event will highlight the Kingdom’s pioneering efforts locally, regionally and internationally, leading initiatives to raise awareness and promote action for the protection of the environment, according to a statement.

With a focus on land restoration, desertification, and drought resilience, the event, marked annually on June 5, will reiterate the pressing need for global cooperation and concerted efforts in implementing the right policies and actions to protect and restore nature and ensure a sustainable future.

UNEP Executive Director, Inger Andersen welcomed Saudi Arabia participation in the collective global efforts to restore land and achieve drought resilience, and noted that UNEP and KSA will endeavour to intensify efforts to restore nature and preserve the planet for future generations.

World Environment Day was established by the United Nations (UN) General Assembly to emphasise the importance of participatory action to protect the environment.

In line with this philosophy, KSA has exerted diligent efforts, locally and regionally, by launching the Saudi Green and Middle East Green initiatives and implementing a set of initiatives under its National Environment Strategy.

The Saudi government adopted the new Environmental law and the National Environmental Awareness programme, to ensure the protection of the environment in the KSA.

The Kingdom also launched the National Environment Week and established five environmental centres to conserve the environment in the country, as well as the Environment Fund.

Since 1973, World Environment Day has become the largest global platform dedicated by the UN to encourage worldwide awareness and action for the environment. With UNEP at the helm, over 150 countries participate in the global celebrations every year.

-- BERNAMA

JUNIPER RESEARCH RELEASES CUSTOMER INTERACTION PLATFORMS RESEARCH SUBSCRIPTION

KUALA LUMPUR, Sept 18 (Bernama) -- Juniper Research, the foremost experts in telecommunications markets, has launched the telecom industry’s most comprehensive customer interaction platforms research subscription.

The offering is designed to provide operators and service providers with the tools to leverage the billion-dollar opportunity presented by Contact Centre-as-a-Service; Chatbots; Conversational Commerce; Communications Platform-as-a-Service; and Customer Data Platforms, among others.

“Customer interaction platforms enable businesses to facilitate seamless and personalised customer experiences, a newfound necessity given today’s tough trading conditions.

“This new portfolio is designed with platform vendors in mind, giving them the tools to stay ahead of customer expectations and leverage the latest opportunities within omnichannel communications,” said Juniper Research Founder & Chief Executive Officer, Tony Crabtree.

Subscribers to the Customer Interaction Platforms Market Intelligence Centre, which already includes several leading operators and engagement solutions vendors, benefit from access to highly granular data and forecasts; unparalleled industry insight; and detailed competitive analysis.

According to a statement, subscribers will also enjoy complimentary access to harvest, a proprietary online data platform that allows users to explore and analyse the latest market data.

In addition, new in-depth market reports are regularly added to the subscription, ensuring that no matter how fast the industry moves, subscribers never have to worry about being left behind.

The Customer Interaction Platforms Market Intelligence Centre offers the most cost-effective use of an organisation’s budget; delivering enterprise-wide licensing, expert support, and quarterly forecast updates at an unbeatable price.

-- BERNAMA

HONG KONG 1-IN-500-YEAR FLOOD TO DAMPEN REINSURANCE RENEWALS - AM BEST

KUALA LUMPUR, Sept 18 (Bernama) -- The recent devastating flooding following Super Typhoon Saola in Hong Kong and other parts of China may further pressure upcoming reinsurance renewals, in what has already been a tough market in recent years, according to a new AM Best commentary.

In a statement, the global credit rating agency said referenced as one-in-500-year event, the storm dropped a quarter of Hong Kong’s annual rainfall total in 24 hours.

In the AM Best commentary titled "Hong Kong 1-in-500 Year Flood Likely to Have an Earnings Impact", it is expected that the gross losses on property and auto lines will not be quite as severe but could come close to rivalling the HKD3.1 billion (US$400 million) in losses wrought by Typhoon Mangkhut in 2018. (US$1=RM4.68)

Nevertheless, the overall impact of the rainstorm is likely to be more of an earnings event for insurance companies than a material hit to capital adequacy.

However, the impact on reinsurance pricing, which is already elevated, could make it too costly for some smaller companies.

There are some offsetting factors include lower inflation in East Asia as compared with many other parts of the world, and supply chain normalisation, which continues as the region recovers from the pandemic.

Additionally, good risk management of the city’s drainage systems and contingency planning also should help minimise insurance losses.

-- BERNAMA

HYTERA RELEASES LATEST DUAL-CHANNEL DMR AD-HOC REPEATERS

KUALA LUMPUR, Sept 18 (Bernama) -- Hytera Communications, a global provider of professional communications technologies and solutions, has released E-pack200 and E-pole200, the latest ad-hoc network (WANET) repeaters, strengthening its offering of rapidly deployable two-way radio systems.

According to Hytera in a statement, both models support dual-channel and two-way networking to enable powerful on-demand connectivity, while E-pack200 is designed to be man-packable and E-pole200 can be installed at a fixed location.

Created narrowband ad-hoc multi-hop links through cascading and provided large coverage for voice, data and other services with two channels, the E-pack200 and E-pole200 are highly flexible in deployment and eliminate the need for wiring.

The ad-hoc repeaters are essential for public safety departments, as well as public protection and disaster relief (PPDR) agencies, to create, extend or enhance their private network coverage in remote areas, disaster sites and major events.

Both models support up to 31 nodes without central networking, whereby if one of the nodes fails or is damaged, the communication among other nodes remains unaffected.

The E-pack200 is equipped with a 148 watt-hours (Wh) removable battery, which is capable of supporting over eight hours of operation, while E-pole200 works with different power sources, such as solar and trunking base stations.

The compact size, networking flexibility and ease of installation for both repeaters bring a viable solution for removing blind spots of two-way radio networks on a temporary base or permanently in venues such as tunnels, underground garages and high-rise buildings.

-- BERNAMA

AXI LAUNCHES AXI SELECT, A PIONEERING ALL-INCLUSIVE CAPITAL ALLOCATION PROGRAMME OFFERING SKILLED TRADERS FUNDING OF UP TO $1,000,000 USD

[We see the Trader in You !]


SYDNEY, Australia, Sept 18 (Bernama-GLOBE NEWSWIRE) -- Axi a leading global Forex and CFD broker has announced the launch of Axi Select, a groundbreaking capital allocation programme. The programme is specifically crafted to empower traders by offering them a pathway to access capital funding up to $1,000,000 USD and facilitating their progression into professional trading. Setting a new precedent within the industry, Axi Select offers traders the exceptional advantage to join the program with zero registration fees, as well as the opportunity to earn up to 90% of their profits.

Greg Rubin, Head of Axi Select, says: “Through the introduction of Axi Select, our innovative capital allocation programme, we aim to provide an opportunity for traders to forge long and successful careers, empowering them to realize their lifelong aspirations of becoming professional traders. Our comprehensive programme provides the capital, support, and resources necessary for traders to thrive in the dynamic world of trading. We are committed to fuelling their passion, driving their success, and providing unwavering support as they navigate towards achieving their goals.” The programme offers a range of notable features, including unrestricted trading conditions, the Edge score which allows traders to fine-tune their strategies and enhance their trading performance, and an exclusive trading room which serves as a dedicated hub, offering real-time market updates and curated educational content. 

[LEARN MORE AND JOIN AXI SELECT]

The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content is not available for AU, NZ, and UK clients. For more information, refer to our Terms of Service. Other Fees may apply.

Click here to watch the Axi Select fireside chat

Talking about Axi Select, Louis Cooper, Chief Commercial Officer at Axi, says “At Axi, we take pride in being a brand that consistently brings the edge to life for our customers. Our revolutionary new offering, Axi Select, is the first-of-its-kind among brokers and another true reflection of our brand promise. We have previously allocated $39M to traders in previous programmes and enabled several traders break out into pro trading status. With Axi Select, we will deliver unparalleled opportunities to our traders whilst both redefining the boundaries of what’s possible in trading and reshaping the evolution of the financial industry.”

Axi offers a streamlined process to participate in Axi Select – with no signup or membership fees, traders can effortlessly submit their application and start trading. Upon achieving a designated Edge Score, traders can start to secure capital funding of up to $1,000,000 USD. 

[LEARN MORE AND JOIN AXI SELECT]

The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. This content is not available for AU, NZ, and UK clients. For more information, refer to our Terms of Service. Other Fees may apply.

Click here to watch the Axi Select fireside chat

About Axi

Axi is a global online FX and CFD trading company, trusted by thousands of ambitious customers in 100+ countries around the world. We help all types of traders, trading businesses, banks and financial organizations find the edge they need to achieve their financial goals through informed transactions made on the world's financial markets. Axi offers a wide range of assets including CFDs for several asset classes including Forex, Shares, Gold, Silver, Oil, Coffee, Indices, and other commodities.

At Axi, we are proud of our reputation as an honest, fair, and trusted broker. Our many awards and 'Great' Trustpilot reviews prove we have earned the confidence of customers who value our outstanding service, fast execution, secure payments, segregated funds, and easy withdrawals.

For further enquiries contact service@axi.com

Check out other Axi communication at https://www.axi.com/int/blog/company-news

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d50c2d41-8931-47bd-9b0f-6a5572fb88e4
https://www.globenewswire.com/NewsRoom/AttachmentNg/987d1f0e-63e9-4234-aaaf-6c041d74d3ba
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a391ff3-5046-485a-916e-cca5bbb247b2

PDF accompanying this announcement is available at: 
http://ml-eu.globenewswire.com/Resource/Download/1cfa04fb-a4cb-4b4d-b0dc-5b14a9f0aa0f


SOURCE : Axi Financial Services (UK) Limited

Planview Unveils Advanced Generative AI Assistant For Connected Work

 

A user queries Planview Copilot: "What should I be worried about?" Instantly, Planview Copilot delivers a list of items, flagging issues like team overload. (Photo: Business Wire)

KUALA LUMPUR, Sept 13 (Bernama) -- Planview, a leader in Portfolio and Value Stream Management has launched Planview Copilot, an advanced generative artificial intelligence (AI) assistant for connected work, at its annual flagship customer event, Planview Accelerate.

Trained using a unique and comprehensive data set, Planview Copilot accesses operational insights across Portfolio Management, Value Stream Management, and Agile Planning and Delivery to accelerate insights and action data-driven, strategic decision-making via a conversational interface.

Its Chief Executive Officer, Razat Gaurav said Planview Copilot leverages all the relevant data across project and product initiatives and brings insights, decision support, and actions through a simple, conversational interface.

“This is an important evolution in our journey from being a system of record to becoming a system of insights for digital transformations,” he said in a statement.

Planview Copilot taps into an extensive ecosystem of operating data that other AI assistants in the market cannot access.

Combined with methodologies such as Planview’s Flow Methodology and Agile Principles, this collective intelligence enables Planview Copilot to coach and mentor, identifying bottlenecks and offering solutions along the strategy-to-execution journey.

Furthermore, using natural language processes to interact with teams and individuals conversationally, Planview Copilot simplifies complex data insights and provides clear choices and recommendations for decision-makers across all levels of the organisation.

Slated to be available in fourth quarter of this year, the Planview Copilot announcement comes on the heels of the company's summer launch of Digital Products Insights, an industry-first convergence of Portfolio Management, Agile Planning and Value Stream Management.

-- BERNAMA

BEST'S MARKET SEGMENT REPORT: OPERATING PERFORMANCE, RETRO COST DRIVE ASIAN REINSURER STRATEGIES

HONG KONG, Sept 11 (Bernama-BUSINESS WIRE) -- Despite a sharp increase in catastrophe losses outside their home markets and a challenging investment environment, major Asia-Pacific reinsurance companies still managed to deliver strong year-over-year net premium growth of 8.1% in 2022, according to a new AM Best report.

The Best’s Market Segment Report, “Operating Performance, Retro Cost Drive Asian Reinsurer Strategies”, is part of AM Best’s look at the global reinsurance industry in concert with the Rendez-Vous de Septembre in Monte Carlo. Additional reports, including AM Best’s annual ranking of the Top 50 global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, are available at Best’s Research.

According to this report, which is based on the operating performance of a group of selected Asia-Pacific-domiciled reinsurers that rank among the top 50 largest reinsurance groups globally, reinsurers sustained the ability to deliver stable operating and combined ratios in 2022. The composite’s net income fell to USD 166 million in 2022 from USD 688 million in 2021, while return on equity also declined significantly, to 1.8% in 2022 from 7.0%. However, the combined ratio of reinsurers in the Asia-Pacific composite improved slightly to 100.8 in 2022 from 101.1 in the previous year, lower than the five-year average of 101.0.

“With a higher cost of capital and a challenging investment environment in 2022, Asia-Pacific reinsurers maintained their underwriting discipline in 2023 renewal to ensure a reasonable profit margin and adjust pricing in proportional treaties to improve performance,” said Christie Lee, senior director, head of analytics, AM Best. “Primary insurers also followed this rule, aligning with reinsurance pricing, terms and conditions, which is expected to lead to better revenue and underwriting results for reinsurers.” 

http://mrem.bernama.com/viewsm.php?idm=46946

GLOBAL DIGITAL WALLET USERS EXCEED 5 BLN IN 2028 - JUNIPER RESEARCH

KUALA LUMPUR, Sept 13 (Bernama) -- The number of digital wallet users globally will exceed 5.4 billion in 2028; rising from 3.7 billion in 2023, according to a new study from Juniper Research.

According to Juniper Research in a statement, this 46 per cent growth reflects transition towards offering more advanced financial services to drive strong user growth.

Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 15 leading digital wallet platforms across a number of criteria, including range of payments facilitated, innovation and future business prospects.

The top five leaders for 2023 are Ericsson; Comviva; Huawei; Netcetera; and OpenWay.

The market leaders were identified as offering more advanced financial services through their platforms, widening services their customers can offer and opening up new revenue opportunities.

“Digital wallet services have the opportunity to fulfil a wider role, but ensuring their wallet technology platform offers the right mix of capabilities to fill this role is critical,” said report author Michael Greenwood.

Furthermore, the report highlighted Open Banking as key for digital wallet vendors in developed markets, with Open Banking-facilitated payments offering a low-cost and friction-free alternative to other mechanisms.

Therefore, digital wallet platforms must build partnerships to ensure their customers can offer new, innovative services to drive further growth.

-- BERNAMA 

H.I.G. CLOSES US$5.5 BLN FOURTH MIDDLE MARKET LBO FUND

KUALA LUMPUR, Sept 13 (Bernama) -- H.I.G. Capital (H.I.G.), a global alternative asset management firm with US$58 billion of capital under management, has announced the closing of H.I.G. Middle Market LBO Fund IV. (US$1=RM4.67)

In a statement, H.I.G. said the fund closed with aggregate capital commitments of US$5.5 billion, in addition to co-investment separately managed accounts of US$450 million, significantly exceeding its original target.

The fund will build on the team’s deep-rooted track record by primarily making control equity investments in complex situations in the United States (US) middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.

Its co-founders and co-chief executive officers, Sami Mnaymneh and Tony Tamer said: “We are delighted with the continued support from our investors, reflecting the strong performance of the H.I.G. Middle Market team and its differentiated investment approach. We are confident that our unique platform will continue to set us apart in this space.”

Meanwhile, its Middle Market head, Keval Patel said the firm’s scale and operational expertise dedicated to the middle market continue to create a meaningful competitive advantage and allow it to drive significant returns to its investors regardless of the macroeconomic environment.

Supported by H.I.G.'s long-standing investor base and new investors globally, the fund's Limited Partners are a diverse and prestigios group of institutional investors.

Based in Miami, US, H.I.G. specialises in providing both debt and equity capital to middle market companies, utilising a flexible and operationally focused/value-added approach.

-- BERNAMA

LIVE BOARD LEVERAGES NTT DOCOMO'S CARRIER ROAMING DATA TO ENABLE DOOH MEDIA PLANNING, USING INBOUND TOURISTS' BEHAVIORAL ANALYSIS

 AsiaNet 100321

TOKYO, Sept. 13, 2023 /Kyodo JBN-AsiaNet/ --

- Visualizing High Inbound Visitor Dominance in Screen Rankings -
 
LIVE BOARD, INC., an operator of a digital out-of-home (DOOH) ad network that achieves data-driven targeting and effectiveness verification, has successfully utilized NTT DOCOMO's carrier roaming data (roaming ID data) (*1) to analyze information on the location of inbound tourists, finding signs of recent recovery in foreign travelers to Japan (*2). In addition to the existing criteria for out-of-home (OOH) media planning, such as circulation data and reputation of the area concerned, LIVE BOARD has incorporated such analytical data into DOOH media planning (primary analysis) for advertisers, enabling more sophisticated and efficient ad delivery. This is an innovative technology both domestically and internationally.
 
Image1:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI2fl_I02Yl3xo.jpg
 
 
Image2:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI3fl_0L63YZ61.png
 
 
Roaming ID data refers to the overseas carrier data obtained when inbound tourists connect to NTT DOCOMO's network. By analyzing the data along with base station location information, it has become possible to understand the characteristics of inbound tourists, including "when," "where," and "which country's visitors" are present, within the DOOH screen of the LIVE BOARD marketplace, covering a total of 26,400 or more screens in 9 cities across Japan (in Hokkaido, Miyagi, Chiba, Saitama, Tokyo, Kanagawa, Aichi, Osaka, and Fukuoka prefectures).
 
Download materials from: https://liveboard.co.jp/en/download
 
Visualizing Inbound Tourist Trends and High Visitor Ratio Rankings on LIVE BOARD Screens
Leveraging roaming ID data, LIVE BOARD has conducted a comprehensive analysis of inbound tourist data from among the 26,400 screens connected to its nationwide marketplace. This dataset enables the ranking of screens based on the highest percentage of visitors from each country, providing valuable insights for strategic planning.
 
Image3: Analysis Visual
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI5fl_CT2ZI52W.png
 
 
Example: Screen Rankings of Inbound Visitors - "Global" and "Chinese" Segmentation
 
Image4:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI6fl_wrQj1Bdt.png
 
 
Segment: Global Visitors to Japan (Representing Approximately 220 Nations)
- 1st: Osaka AD VISION
- 2nd: Osaka TOMBORI STATION
- 3rd: Osaka Metro Network Vision Nippombashi Station
 
Segment: Chinese Visitors to Japan (Comprising Influential Part of Japan's International Visitors)
- 1st: Marunouchi Station Vision Ginza Station
- 2nd: Shimbashi SL VISION
- 3rd: Shimbashi Ryukakusan Vision
 
This service is recommended specially for clients that deal with the following services:
- Home appliance manufacturers
- Travel-related
- Daily necessities/cosmetics/medical supplies
- Luxury brands
- Souvenir-related
 
Image5:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI7fl_wMTItM62.png
 
 
LIVE BOARD Screens Across the Country
LIVE BOARD currently has more than 26,400 screens, and is continuing to expand its network every day, not only by installing its own new screens, but also by aggregating screens from partners across the country.
URL: https://liveboard.co.jp/en/screen
 
Notes:
(*1) LIVE BOARD utilizes data for which the company has obtained prior consent from customers.
 
(*2) Inbound Tourism Shows Signs of Recovery
According to a transition report by the Japan National Tourism Organization (JNTO), there was a notable recovery in tourism from various countries between July 2022 and June 2023.
 
Trend of Visitor Arrivals to Japan between July 2022 and June 2023
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI4fl_uCY9J443.png
 
 
*Reference: JNTO's June 2023 Estimates Report, compared to the same month in 2019.
 
About LIVE BOARD, INC.
LIVE BOARD is the first company in Japan to achieve impression-based ad delivery in OOH. It deploys advertisement delivery and billing systems in accordance with actual conditions that are based on the estimated number of viewers "at that time, in that place, and for that specific ad," even during the COVID-19 pandemic, when people's movement patterns are prone to change. In addition, by combining big data from Japan's largest mobile carrier with its own network, which includes a wide range of digital OOH across Japan, including outdoor, indoor, train, and station OOH ads, LIVE BOARD has been able to deliver personalized ads, such as targeting by gender and age, that was not possible with traditional OOH.
 
- Company name: LIVE BOARD, INC
- Business details: DOOH advertising distribution platform management, DOOH advertising media development, DOOH advertising space sales
- Website: https://liveboard.co.jp/en/
 
 
Source: LIVE BOARD, INC.

Arm Kicks Off IPO Roadshow

KUALA LUMPUR, Sept 6 (Bernama) -- Arm Holdings plc (Arm) has launched a roadshow for the initial public offering (IPO) of American depositary shares (ADSs) representing its ordinary shares.

According to Arm in a statement, a total of 95.5 million ADSs are being offered by the selling shareholder, a wholly-owned subsidiary of SoftBank Group Corp, in the IPO, with a price range of US$47.00 to US$51.00 per share. (US$1=RM4.67)

Arm expects the selling shareholder to grant the underwriters an option to purchase up to an additional seven million ADSs to cover over-allotments, if any, for 30 days after the date of the final prospectus.

The company has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.

Raine Securities LLC is acting as financial advisor in connection with the proposed offering, while Barclays, Goldman Sachs & Co LLC, J.P. Morgan and Mizuho are acting as joint book-running managers for the proposed IPO.

Building the future of computing, Arm’s energy-efficient processor designs and software platforms have enabled advanced computing in more than 250 billion chips, while its technologies securely power products from the sensor to the smartphone and the supercomputer.

-- BERNAMA

CLOUDFLARE ANNOUNCES UNIFIED DATA PROTECTION SUITE TO ADDRESS THE RISKS OF MODERN CODING AND INCREASED AI USE

Rich security suite enables seamless and secure path to transition corporate networks to the cloud, and accelerate innovation


SAN FRANCISCO, Sept 8 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced Cloudflare One Data Protection Suite, a unified set of advanced security solutions designed to protect data across every environment – web, SaaS, and private applications. Powered by Cloudflare’s Security Service Edge (SSE), customers can streamline compliance in the cloud, mitigate data exposure and loss of source code, and secure developer and AI environments from a single platform.

Today’s organizations need to move away from legacy tools in order to maintain a competitive edge, decrease complexity in environments, and lessen the burden on their end users. However, the shift to emerging cutting-edge technology has introduced new risks and the daunting task of safeguarding sensitive data and intellectual property. In order to address this modern landscape and shrink the attack surface, CISOs need a fool-proof holistic strategy that will enable them to secure their entire corporate IT stack – including the rapidly increasing amount of data that is everywhere their employees’ devices, SaaS / cloud applications, and AI tools are.

The Cloudflare One Data Protection Suite focuses on simplicity, extending comprehensive data controls to all aspects of an organization's internal and external applications. Built natively on Cloudflare's global network, this suite allows organizations of all sizes to:

• Allow programmable network architecture: Organizations can build new capabilities and adopt new security standards and protocols quickly, which ensures data protection controls address modern use cases, like protecting code in generative AI.
• Streamline data visibility and controls onto a single platform: With one management interface, administrators have multiple, flexible options to send traffic to Cloudflare for enforcement — including API-based scans, clientless deployments of ZTNA and RBI, a single device client, direct or virtual interconnects, and SD-WAN partnerships.
• Enforce data protection controls with single-pass inspection: Across each of Cloudflare’s network locations – spanning more than 300 cities in over 100 countries – policy enforcement is reliable, unintrusive, and fast. This ultimately means that data controls never disrupt end-user productivity, and allow efficacy and scalability.
• Customize detections: DLP exact data match will equip customers with flexibility to detect organization-specific data defined in custom datasets. More predefined data detection profiles are available for source code files and protected health information (PHI).
• Converge API-driven CASB and DLP: Customers can discover sensitive data at rest and in line. Integrations will cover the majority of cloud collaboration, productivity, and code repository tools for enterprises.
• Provide risk-based data protection: Control access to data and apps based on a behavioral user risk scores, which incorporates signals from across Cloudflare One such as a user’s activities, posture, settings.

“Data is an organization’s most valuable asset, and protecting that data is critical. Breaches have lasting effects, and can even destroy a business when it comes to operational downtime, regulatory repercussions, associated costs. And, that doesn’t even account for the reputational damage associated with it,” said Matthew Prince, CEO at Cloudflare. “Organizations already have enough complexity, safeguarding your data doesn't need to fall in that bucket. Cloudflare provides a unique network architecture so enterprises can tackle anything from AI exposure to code leaks all in one unified platform.”

“Today, Cloudflare One helps prevent our users from sharing sensitive data and code with tools like ChatGPT and Bard, enabling us to take advantage of AI safely,” says Tanner Randolph, Chief Information Security Officer at Applied Systems, a SaaS technology provider for insurance brokers. “Over the past few years, Cloudflare has been a critical partner in our digital transformation efforts and has helped us consolidate security controls across our users, applications, and networks. Going forward, we are excited for Cloudflare’s continued innovations to protect data, and in particular, their vision and roadmap for services like DLP and CASB.”

To learn more about Cloudflare One Data Protection Suite, please check out the resources below:

• Blog: Cloudflare One for Data Protection
• Blog: What’s next for Cloudflare One’s data protection suite
• Cloudflare One for Data Protection

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was awarded by Reuters Events for Global Responsible Business in 2020, named to Fast Company's Most Innovative Companies in 2021, and ranked among Newsweek's Top 100 Most Loved Workplaces in 2022.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare One Data Protection Suite and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Cloudflare One Data Protection Suite and Cloudflare’s other products and technology, the timing of when Cloudflare One Data Protection Suite or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on August 3, 2023, as well as other filings that Cloudflare may make from time to time with the SEC.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.

©2023 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230907741110/en/

Contact

Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com

Source : Cloudflare, Inc.