Thursday, 27 June 2024
HUNAN MUSEUM INTEGRATES CULTURE, TECHNOLOGY FOR A MULTISENSORY EXPERIENCE
FREEDOMPAY AND TOAST SURVEY REVEALS TOP PRIORITIES FOR ENTERPRISE HOSPITALITY LEADERS: DATA SECURITY, INTEGRATION, AND GROWTH ENABLEMENT
Philadelphia, Pennsylvania, June 26 (Bernama-GLOBE NEWSWIRE) -- A recent survey conducted by FreedomPay, a global leader in Next Level Commerce™ solutions, in collaboration with Toast, a leading cloud-based restaurant management software company, has unveiled crucial insights into the top priorities for enterprise hospitality leaders. The findings emphasize the importance of data security, system integration, and growth enablement in shaping merchant preferences and trust in payment solutions and point-of-sale (POS) providers.
Key Insights from the Survey:
- 53% of merchants face challenges in deciding where to allocate their technology budgets, highlighting the demand for integrated solutions that offer comprehensive value and support informed decision-making.
- The biggest factors that contribute to trust in a payment solution/point of sale (POS) provider are the quality of customer support (49%), user-friendliness (46%), reliability (44%), and integration capabilities (44%).
- Almost all merchants believe data security (100%) and data privacy (98%) are highly important when selecting a payment solution, while most believe growth enablement (82%) and speed (81%) are highly important.
- Organizations are already implementing a high level of integration between their payment/POS systems and other software systems. Most merchants say they have either fully integrated (15%) or have a very high level (70%) of integration between these systems. Almost all merchants (98%) place strong value on an integrated payment solution
Understanding customer behavior, including shopping and purchasing patterns, is key to enhancing the customer experience and driving sales. Additionally, merchants are prioritizing security and minimal system downtime to safeguard operations and ensure business continuity. The availability of responsive and reliable customer support significantly contributes to fostering a sense of security and trust among merchants.
“The survey really underscores merchants’ need for seamless integration and a thorough understanding of customer behavior to fully enhance operational efficiency,” remarked Kelly Esten, GM of Enterprise at Toast. “For merchants, prioritizing robust data security and reliable customer support is crucial for fostering trust with customers.”
These insights highlight that seamless integration, robust data security, and reliable customer support are essential for merchants aiming to enhance operational efficiency, foster trust with customers, and drive sustained business growth in today's competitive landscape. These factors form the cornerstone of strategic decision-making for enterprise hospitality leaders as they align their technology investments with long-term success and customer satisfaction.
To learn more, download the full report: The Security Tightrope: Balancing Innovation and Risk Management for Enterprise Brands
About FreedomPay:
FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.
The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com
About Toast:
Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management. We serve as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.
Wednesday, 26 June 2024
RECTITUDE HOLDINGS LTD ANNOUNCES CLOSING OF $8 MILLION INITIAL PUBLIC OFFERING
The Company has granted A.G.P./Alliance Global Partners (“A.G.P.” or “Representative”), the underwriter, an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 300,000 ordinary shares at the initial public offering price, less underwriting discounts to cover over-allotments, if any. Shares of the Company’s common stock began trading on the Nasdaq Capital Market under the symbol “RECT” on June 21, 2024.
The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from the Offering for marketing and promotional campaigns, product development, digital transformation and system upgrades, along with working capital and general corporate purposes.
A.G.P./Alliance Global Partners acted as the sole book-running manager for the Offering. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and The Crone Law Group P.C. acted as U.S. counsel to A.G.P. in connection with this Offering.
A registration statement on Form F-1 (File No. 333-276517) was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on June 20, 2024. A final prospectus relating to the Offering dated June 21, 2024 has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this Offering, when available, may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, Telephone: (212) 624-2060; Email: prospectus@allianceg.com.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Rectitude Holdings Ltd
Founded in 1997 in Singapore, Rectitude is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. Rectitude’s products and solutions are marketed to a wide array of distributor networks and end markets, both in Singapore and increasingly throughout the Southeast Asian region, including Brunei, Cambodia, Malaysia, Indonesia, and Vietnam.
For more information, please visit the Company’s website: https://ir.rectitude.com.sg
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
Tuesday, 25 June 2024
OPEN HEALTH-FUSION PARTNERSHIP PROVIDES AI-POWERED HEALTHCARE COMMUNICATIONS
PANGEA BAGS TOYOTA PRESTIGIOUS QUALITY AWARD
KUALA LUMPUR, June 25 -- Pangea, a pioneering force in the automotive leather industry, has received the prestigious Certificate of Achievement in Quality Performance for 2023 from Toyota Motor Corporation (TMC), in recognition of its commitment to excellence and its role as a trusted partner.
This esteemed award recognises Pangea's outstanding quality performance in supplying leather for several Toyota and Lexus models produced in Japan, including the Lexus RX, Lexus ES, Ace, Camry, and Rav4.
"This recognition is a testament to our passion and dedication to our customers. It is a well-deserved achievement for our entire team," said its Director, Global Customer Quality, Ron Main in a statement.
The award highlights Pangea's significant improvements in quality, displaying a remarkable 50 per cent improvement from 2022.
This accomplishment underscores the company's unwavering commitment to excellence and its dedication to meeting the highest standards for its customers and organisation.
Although there were challenges in the way of this honour, the customer was grateful for the Pangea team's unwavering support.
Of note, Pangea held monthly leather working meetings with Toyota and their seat suppliers to review parts with a primary goal to educate and calibrate to programme requirements.
These well-developed customer relationships and the substantial improvement in quality for 2023 have re-established Pangea as a steadfast supplier to TMC.
-- BERNAMA
Positive Outlook For APAC Despite Global Economic Challenges - Preqin Analysts
KUALA LUMPUR, June 24 (Bernama) -- Preqin, the global leader empowering the alternatives community with essential data and insight, has published its Alternatives in APAC 2024 report, covering regional analysis and country-specific insights for Greater China, India, Japan, South Korea, and Australia.
The report shows that while the short-term outlook for the Asia Pacific (APAC) region may appear cautious, driven by sluggish fundraising and geopolitical challenges, Preqin analysts maintain a positive outlook for the region over the long-term.
Preqin Vice President, Head of APAC and Valuations, Research Insights, Angela Lai said the APAC region has not been spared from the global macroeconomic headwinds that plagued the global market in 2023.
“But while the region’s fundraising may have reached a decade low and most country-specific funds struggled to raise capital, demand for Asia-regional funds grew amid investors’ stronger preference for diversification and reduced risk appetite,” she said in a statement.
The report also highlights a clear trend where investors increasingly favour experienced fund managers, over first-time fund managers with the gap between the average capital raised by the two groups reached its widest since 2015, at a staggering US$78 million, in 2023. In fact, experienced managers raised almost US$180 million on average, the highest since 2015, while fundraising by first-time managers was over US$100 million.
While most single country-specific funds struggled with fundraising, the total capital raised for Japan in 2023 was US$11.8 billion, exceeding 2022 by 13.4 per cent, mainly driven by some larger-than-usual private equity fund closures. (US$1=RM4.71)
Meanwhile, for India, Preqin analysts hold a positive long-term outlook for this market. Private capital grew remarkably, doubling in the last five years to outpace other Asian countries, and private debt in India has the largest single-country assets under management (AUM) in APAC.
The view is that long-term investors will continue to be attracted by the fundamental growth potential of emerging markets like India and Southeast Asia, where early-stage venture capital opportunities are in abundance, and the developed markets of Japan and South Korea with their attractive real estate markets.
Additional key findings include global environmental, social and governance (ESG) fundraising fell by 38 per cent from 2022 to 2023, and APAC was hit hardest, declining by 77 per cent, with aggregate capital raised dropping from US$13.5 billion to US$3.1billion.
The report finds that the North Asian office market is becoming a focal point for deals, whereby, in 2023, office transactions accounted for 39 per cent of total deal value and 53 per cent of the total number of deals in APAC.
-- BERNAMA
Thursday, 20 June 2024
NIKKISO CE&IG GROUP TO SUPPLY ABOUT 24 LIQUID-BASED HYDROGEN STATIONS IN SOUTH KOREA
KUALA LUMPUR, June 20 (Bernama) -- Nikkiso Clean Energy & Industrial Gases Group (CE&IG), part of Nikkiso Co Ltd’s Industrial division, announced it has been awarded contracts to build and maintain approximately two dozen liquid-based hydrogen (LH2) fuelling stations in South Korea, following its most recent award by SK Plug Hyverse.
“SK Plug Hyverse is a tremendous partner for Nikkiso in South Korea because together we bring exceptional capabilities and people to support South Korea’s progressive approach to establishing a competitive hydrogen economy.
“Nikkiso admires South Korea’s productive and pragmatic approach to scaling up the hydrogen economy, and we look forward to further opportunities supporting its efforts,” said its Chief Executive Officer, Peter Wagner in a statement.
As more buses and heavy-duty trucks look to lower carbon emissions while keeping long-distance driving capabilities, many fleet operators, transit authorities, and agencies are looking to liquid hydrogen as a solution for quick-fills and long-distance routes.
Nikkiso’s experience developing and manufacturing cryogenic pumps for more than 70 years and alternative fuels fuelling stations for 26 years is attracting companies like SK Plug Hyverse that want capable partners to help grow South Korea’s hydrogen infrastructure and economy.
Several liquid hydrogen stations in South Korea have already been commissioned, successfully fuelling buses back-to-back, and ramping up to capacity, while the remaining stations in the country will be brought online over the next 12 months.
As a cryogenic equipment, technologies and applications provider for clean energy and industrial gas market segments, Nikkiso CE&IG Group employs more than 1,600 people in 22 countries and is headed by Cryogenic Industries Inc in Southern California, United States, which is a wholly owned subsidiary of Nikkiso Co Ltd.
-- BERNAMA
Friday, 14 June 2024
POSITIVE OUTLOOK FOR THAILAND’S ASIAN RE - AM BEST
KUALA LUMPUR, June 14 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Thailand’s Asian Reinsurance Corporation (Asian Re).
The outlook of these credit ratings (ratings) is positive, reflecting Asian Re’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
AM Best in a statement said the positive outlooks reflect its expectation that the successful execution of Asian Re’s business plan will lead to an improving trend in underwriting and operating performance metrics over the intermediate term.
Asian Re’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which was at the strongest level at year-end 2023, as measured by Best’s Capital Adequacy Ratio, and is expected to remain at this level over the medium term.
Notwithstanding, the company is viewed to have a modest absolute capital base of US$73 million at year-end 2023 as compared with regional reinsurance peers, which increases the sensitivity of its balance sheet to shock events. (US$1=RM4.71)
A significant offsetting balance sheet strength factor remains Asian Re’s high risk investment strategy, which includes the holding of a sizeable balance of cash and deposits in a sanctioned country and in a country that defaulted on its sovereign debt.
Viewed as marginal, albeit with an improving trend, Asian Re’s operating performance has exhibited volatility in recent years, with a five-year average return-on-equity ratio of 1.5 per cent and a combined ratio of 110.3 per cent (2019-2023), as calculated by AM Best.
The company has reported positive operating results in four of the past five years. Underwriting performance in 2020 was hampered by a reserve strengthening exercise and higher-than-expected claims experience.
Despite persistent market and regulatory challenges, Asian Re is expected to continue to implement several strategic initiatives and business partnerships aimed at expanding its underwriting portfolio and market presence over the medium term.
-- BERNAMA
Only 38 Pct Singaporean Executives Confident In Organisations' Ability To Be Productive - Survey
KUALA LUMPUR, June 12 (Bernama) -- The 2024 Kelly Global Re:work Report has revealed that executives are least confident in improving productivity with only 38 per cent in Singapore expressed confidence in their organisations’ ability to become more productive, compared to 54 per cent globally.
According to the specialty talent solutions provider Kelly in a statement, other key findings in Singapore showed that creativity and innovation are two critical skills missing in the workforce as over one third (36 per cent) of executives rate their teams’ creativity and innovation skills as poor, while more than 57 per cent agree that addressing skills gaps is high priority.
In addition, a mere 23 per cent of executives rate their organisations positively for supporting mental health initiatives and the good news was, 68 per cent say they are already taking steps or planning to address negative aspects of their organisation’s culture.
The report also revealed that career development is employees’ top concern with workers saying their top three frustrations are a lack of career progression (33 per cent), a lack of skills development opportunities (31 per cent), and a lack of autonomy over how they work (30 per cent).
As businesses struggle to adopt AI, more than half (51 per cent) view improved decision-making as the biggest benefit of AI, while only 43 per cent of the executives surveyed said they have adopted technologies required for employees to perform effectively.
Titled Building a Resilient Workforce in the Age of AI, the report also emphasises the importance of building a resilient workforce in the age of AI. It introduces the Workforce Resilience Index, which identifies Resilience Leaders (seven per cent of companies surveyed) who report better results in core business metrics and key people indicators compared to Mid-Market Performers (85 per cent) and Laggards (eight per cent).
Resilience Leaders reported increased revenue (70 per cent), improved profitability (61 per cent), improved customer satisfaction (74 per cent), improved ability to recruit talent (79 per cent), and improved retention (72 per cent) compared to Laggards.
To build workforce resilience, the survey identifies four best practices namely, partnering with workforce solutions providers to develop agile and capable teams; leveraging new technologies for better visibility into talent demands; tapping into diverse perspectives and providing flexible work arrangements to empower employees; as well as prioritising wellbeing and mental health to improve performance.
-- BERNAMA
Friday, 7 June 2024
SECURONIX APPOINTS DEV SINGH AS HEAD OF SALES FOR ASEAN REGION
Dev Singh brings over 20 years of extensive experience in the cybersecurity and IT sectors, with a proven track record in driving sales and business development. Prior to joining Securonix, he held key leadership roles at various prominent organizations, including ForgeRock, where he demonstrated exceptional expertise in bringing new business in Thailand, Indonesia primarily and few key accounts in Singapore and India. His efforts resulted in a 71.5% net growth in ARR for a large financial services customer in Singapore at ForgeRock. He has versatile experience of direct sales, channel sales, pre-sales and leading large teams across geographies.
“We are thrilled to welcome Dev Singh to our leadership team,” said Ajay Biyani, Vice President, APJ, India, Middle East & Africa at Securonix. “His deep understanding of the ASEAN market, coupled with his strategic vision, agility and leadership skills, will be invaluable as we continue to accelerate our growth and deliver cutting-edge security solutions to our customers in the region.”
In his new role, Dev Singh will be responsible for developing a successful relationship with global system integrators, overseeing all sales activities, driving strategic sales plans, and enhancing customer engagement. His key focus industries would be banking followed by manufacturing and retail industries. He will help in improving the MSSP network of the company in Singapore, Malaysia, Indonesia and other countries in the region.
“I am excited to join Securonix at such a pivotal time in the company’s growth journey,” said Dev Singh. “I will be looking at increasing business in the region and expanding the channel partner ecosystem. We already have a strong presence in terms of partners and distributors in Singapore and Thailand. The mandate now is to replicate this success in countries like Malaysia, Philippines and Indonesia.”
Securonix has a diverse sales team in the ASEAN region which is well supported by marketing, engineering and product teams. Dev Singh’s appointment comes as part of Securonix’s broader strategy to invest in the Asia-Pacific region, which is seeing rapid growth and increasing demand for advanced cybersecurity solutions. With its innovative approach and commitment to excellence, Securonix is well-positioned to meet the evolving security needs of organizations across the region.
About Securonix
Securonix is pushing forward in its mission to secure the world by staying ahead of cyber threats by reinforcing all layers of its platform with AI capabilities. Securonix EON provides organizations with the first and only AI-Reinforced threat detection, investigation and response (TDIR) solution built with a cybersecurity mesh architecture on a highly scalable data cloud. The innovative cloud-native solution delivers a frictionless CyberOps experience and enables organizations to scale up their security operations and keep up with evolving threats. For more information, visit www.securonix.com or follow us on LinkedIn and Twitter.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20240606183000/en/
Contact
Media:
Usha Agarwalla
Senior Account Manager
ON PURPOSE Consulting
+91-9864801667
usha@onpurposeconsulting.in
Source : Securonix, Inc.
Wednesday, 5 June 2024
TEALIUM'S DIGITAL VELOCITY CONFERENCES RETURN GLOBALLY
San Diego, June 5 (Bernama-GLOBE NEWSWIRE) -- Tealium, the largest independent and most trusted customer data platform (CDP), is hosting three flagship Digital Velocity conferences in-person for customers and partners in North America, Europe, and Asia Pacific regions. This year's theme, Welcome to the Real-Time Revolution: Where Moments Matter, will showcase how customer data can be used to enhance business and customer experience results, specifically in the areas of AI, privacy, and compliance.
“The experience economy is undergoing major shifts driven by the acceleration of AI and evolving global privacy regulations,” said Jeff Lunsford, CEO of Tealium. “Tealium’s real-time platform helps brands take customer experience initiatives to new heights. We enable companies to dazzle customers during their most pivotal moments through data-driven personalization and seamless digital experiences that prioritize trust and respect for consumer privacy. This year at Digital Velocity, we will be deep-diving into how we make that possible for the enterprises we serve globally, featuring use cases directly from our customers.”
Below are the schedules for Tealium’s 2024 Digital Velocity conferences:
- Digital Velocity EMEA in London (June 4-5): Customer speakers include TUI Group, Schneider Electric, Invoca, and more.
- Digital Velocity North America in San Diego (June 10-12): Customer speakers include DIRECTV, Snowflake, Four Seasons, Liberty Mutual, AdventHealth, and more.
- Digital Velocity APJ in Crown Sydney (June 27): Customer speakers include Virgin, Snowflake, Transhuman, Domain, and more.
- The Tealium Trust Platform: Tealium’s standardized and governed infrastructure for real-time data applications and increased observability to orchestrate compliant customer data flows. This is a culmination of advancements to Tealium’s user interface (UI), embedded analytics, integration marketplace, and more.
- Real-Time Data: The Tealium Moments API and Tealium Moments IQ are just the start of the company’s zero- and first-party real-time data solutions. These features provide real-time insights in new and more flexible ways to own the moments that matter most.
- Artificial Intelligence: Data readiness is the foundation for AI success. Tealium is investing heavily in existing and new AI-powered solutions for more intelligent insights.
- Tealium Predict: DIY-style, machine learning technology for enhanced customer experience initiatives.
- Tealium Genius: New AI assistant to boost productivity and support teams in better understanding their data layer.
- Tealium for AI: Fuel AI models with consented, filtered, and enriched data in real-time.
- Expanded Partnerships: Embrace stack composability to leverage customers’ existing and new partner integrations for a more centralized infrastructure.
- Tealium’s Cloud Data Warehouse Partner Ecosystem: A collection of integrations to work in harmony with cloud data providers, like Snowflake.
- Global Ad Partner Expansion: New integration capabilities to accelerate ad performance and measurement with Snap, Pinterest, LinkedIn, The Trade Desk, Reddit, and more.
To learn more and register for a Digital Velocity event in your region, visit tealium.com/events.
To keep up with the latest company news, visit Tealium’s Newsroom.
About Tealium
As the most trusted CDP, Tealium connects data so businesses can better connect with their customers. Tealium’s real-time data infrastructure allows brands to power their AI models and activate data for enhanced in-the-moment experiences. Tealium’s turnkey integration ecosystem supports more than 1,300 built-in connections from the world’s most prominent technology experts. Tealium's solutions include a real-time customer data platform with machine learning, tag management, an API hub, and data management solutions that make customer data more valuable, actionable, privacy-compliant, and secure. Named as a Leader in the Gartner® Magic Quadrant for Customer Data Platforms™, more than 850 leading businesses globally trust Tealium to power their customer data strategies. For more information, visit www.tealium.com.
Natalie Passarelli
Tealium Inc.
3129650210
natalie.passarelli@tealium.com
SOURCE : Tealium Inc.