KUALA LUMPUR, July 27 (Bernama) -- A distributed personal data storage platform with capability to secure and perpetually saving personal data has been introduced by alt Inc -- a startup and developer of 'al+' P.A.I (Personal Artificial Intelligence), headquartered in Chiyoda-ku, Tokyo, Japan.
The storage platform -- al+ stack -- uses a distributed personal data platform designed for individuals to have full ownership of their own personal data, a statement said.
The platform with both encryption and blockchain technologies is to assure the confidentiality of all kinds of data associated with individuals including text and images and to prevent the data from being falsified.
It also comprises three elements which are storage memory, a stack data collector and a 'stack' device which the platform will make available for both individual and business use.
Users of the platform are able to reclaim ownership of their data with explicit rights to their own data. It also enables users to take full control over how data is used as individual users can selectively allow access to their personal data depending on the services they use.
Currently, businesses are limited to the use of data they collect. When individual users have the option to make their own data available, it will allow businesses to access activity and content that users have accumulated with other services.
-- BERNAMA
Saturday, 28 July 2018
Chinese e-Commerce announces offer price of IPO at US$19
KUALA LUMPUR, July 27 (Bernama) -- Pinduoduo Inc (Pinduoduo) -- one of the leading Chinese e-commerce players -- announced the pricing of its initial public offering of 85.6 million American Depositary Shares (ADSs) at a price of US$19 or RM 77.33 per ADS. (1US$ = RM 4.07).
The company´s total ADSs is equivalent of 342.4 million Class A ordinary shares for a total offering size of US$1.63 billion or RM 6.64 billion, assuming the underwriters do not exercise their option to purchase additional ADSs, a statement said.
Each of the ADSs is representing four Class A ordinary shares of the company. It have been approved for listing on the NASDAQ Global Select Market and are expected to begin trading today under the symbol ‘PDD´.
The underwriters have been granted a 30-day option to purchase up to an additional 12.84 million ADSs from Pinduoduo or equivalent of 51.36 million Class A ordinary shares which would contribute to additional gross proceeds of US$244 million or RM 993.08 million.
Among the joints bookrunners for the offering includes Credit Suisse, Goldman Sachs, CICC and China Renaissance.
Pinduoduo provides buyers with value-for-money merchandise and fun and interactive shopping experiences. Its mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience.
-- BERNAMA
The company´s total ADSs is equivalent of 342.4 million Class A ordinary shares for a total offering size of US$1.63 billion or RM 6.64 billion, assuming the underwriters do not exercise their option to purchase additional ADSs, a statement said.
Each of the ADSs is representing four Class A ordinary shares of the company. It have been approved for listing on the NASDAQ Global Select Market and are expected to begin trading today under the symbol ‘PDD´.
The underwriters have been granted a 30-day option to purchase up to an additional 12.84 million ADSs from Pinduoduo or equivalent of 51.36 million Class A ordinary shares which would contribute to additional gross proceeds of US$244 million or RM 993.08 million.
Among the joints bookrunners for the offering includes Credit Suisse, Goldman Sachs, CICC and China Renaissance.
Pinduoduo provides buyers with value-for-money merchandise and fun and interactive shopping experiences. Its mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience.
-- BERNAMA
Friday, 27 July 2018
WEWORK ANNOUNCES $500 MILLION SERIES B INVESTMENT IN WEWORK CHINA LED BY TRUSTBRIDGE, TEMASEK, SOFTBANK AND HONY CAPITAL
NEW YORK & TOKYO & SHANGHAI, July 27 (Bernama-BUSINESS WIRE) --WeWork Companies (“WeWork”) today announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in China, allowing the company to serve more entrepreneurs, creators, and enterprises across the region through the unparalleled design, technology, hospitality and local community WeWork provides.
In the two years since opening its first location in China, WeWork has become a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities with the community, culture, and services to start and scale their operations. WeWork has also enabled more global businesses to have a presence in China, and helped Chinese businesses to both scale within the country and expand around the world. In July 2017, WeWork announced the creation of WeWork China, with a $500 million Series A investment from Hony Capital and SoftBank dedicated entirely to accelerating WeWork’s expansion across China.
“We are grateful to our partners at Trustbridge, Temasek, SoftBank, and Hony for their belief in our vision and their support of our business. This investment will help WeWork fuel our mission to support creators, small businesses and large companies across China. WeWork has built an incredible team in China that supports our members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market. While there is still much to do and learn, this investment highlights the potential for WeWork and our community of creators in the region and reaffirms our dedication to our team, our members and our partners in China,” said WeWork Co-Founder and CEO Adam Neumann.
“Trustbridge is pleased to join the WeWork China team. Through its thoughtful design, technology, hospitality and most importantly community, WeWork is paving the way for a new future of work in China and supporting the transformation from Made in China to Created in China. Whether entrepreneurs are just starting out, Chinese companies are looking to take their business global, or international enterprises want to do business here, they know WeWork is the local partner they need,” said Feng Ge, Managing Partner of Trustbridge Partners.
“Adam Neumann’s vision has always been for WeWork to be a global company with a local playbook, and nowhere is that more clear than in China where WeWork has developed an impressive offering. From its strong leadership team to locally-tailored technology integrations and community-based design, WeWork has demonstrated that it understands what businesses in China need to succeed. Through this investment, we look forward to WeWork continuing to support many more companies of all sizes across China,” said Ronald D. Fisher, Director, Vice Chairman of SoftBank Group Corp.
“Over the past two years, we’ve seen what WeWork’s growing presence in China can accomplish. WeWork is a global connector bringing entrepreneurs, startups and large enterprise companies from around the world together, a local partner supporting Chinese entrepreneurs and attracting new businesses to invest in China, and an innovator reimagining the workspace through its cutting-edge design, technology and community-focused culture. With our continued investment, we know WeWork will continue to lead in the future of work,” said John Zhao, Chairman and Chief Executive Officer of Hony Capital.
About WeWork
WeWork provides its members around the world with space, community, and services through both physical and virtual offerings. From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 5000 employees. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.
About Trustbridge
Trustbridge Partners is a leading growth equity fund that focuses on investing in high-quality growth opportunities in China. Founded in 2006, Trustbridge currently manages approximately $8 billion in assets from leading university endowments, pension funds, sovereign wealth funds, and strategic industry partners. Our investment philosophy is built upon a fundamental understanding of long-term trends in demographics, technology and structural changes. We adopt a unique ecosystem-driven approach and concentrate in the Internet, content / education, and healthcare sectors where we believe our deep insights and strong industry relationships help generate unique investing opportunity sets.
About Temasek
Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 11 offices internationally, Temasek owns a US$235b portfolio as at 31 March 2018. Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agribusiness; as well as energy & resources. Investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. For more information on Temasek, please visit www.temasek.com.sg
About Hony Capital
Hony Capital, founded in 2003 and sponsored by Legend Holdings, specializes in buyout investment. Partnering with the world’s leading investors, it focuses on the development of China’s real economy with “Value creation, Price Realization” as its investment philosophy. Hony Capital currently has USD 10 billion under management, with investors from China and the world’s leading investment institutions, including national pension funds, sovereign wealth funds, university endowment funds, regional and industry pensions, insurance companies, family foundations, individual investors and other types. Hony Capital puts China as its top market, with investments in over 100 companies in areas of pharmaceutical and healthcare, media and entertainment, consumer products, food and beverage, as well as machinery and equipment manufacturing. Hony Capital’s portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , ofo, COFCO Capital, etc. The assets value of these companies totals about RMB 2.9 trillion with sales volume of RMB 860 billion, providing more than 450,000 jobs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180726005629/en/
Contact
WeWork
Dominic McMullan / Gwen Rocco / Jenny Chan
press@wework.com
or
Trustbridge
Public Relations
pr@trustbridgepartners.com
or
Hony Capital
Victoria Li
victoriali@honycapital.com
Source : WeWork
--BERNAMA
In the two years since opening its first location in China, WeWork has become a trusted local partner to creators and businesses of all sizes, providing 20,000 members across nearly 40 locations in three cities with the community, culture, and services to start and scale their operations. WeWork has also enabled more global businesses to have a presence in China, and helped Chinese businesses to both scale within the country and expand around the world. In July 2017, WeWork announced the creation of WeWork China, with a $500 million Series A investment from Hony Capital and SoftBank dedicated entirely to accelerating WeWork’s expansion across China.
“We are grateful to our partners at Trustbridge, Temasek, SoftBank, and Hony for their belief in our vision and their support of our business. This investment will help WeWork fuel our mission to support creators, small businesses and large companies across China. WeWork has built an incredible team in China that supports our members every day, serving as a bridge for local companies who want to reach the world as well as for global companies that want to enter the Chinese market. While there is still much to do and learn, this investment highlights the potential for WeWork and our community of creators in the region and reaffirms our dedication to our team, our members and our partners in China,” said WeWork Co-Founder and CEO Adam Neumann.
“Trustbridge is pleased to join the WeWork China team. Through its thoughtful design, technology, hospitality and most importantly community, WeWork is paving the way for a new future of work in China and supporting the transformation from Made in China to Created in China. Whether entrepreneurs are just starting out, Chinese companies are looking to take their business global, or international enterprises want to do business here, they know WeWork is the local partner they need,” said Feng Ge, Managing Partner of Trustbridge Partners.
“Adam Neumann’s vision has always been for WeWork to be a global company with a local playbook, and nowhere is that more clear than in China where WeWork has developed an impressive offering. From its strong leadership team to locally-tailored technology integrations and community-based design, WeWork has demonstrated that it understands what businesses in China need to succeed. Through this investment, we look forward to WeWork continuing to support many more companies of all sizes across China,” said Ronald D. Fisher, Director, Vice Chairman of SoftBank Group Corp.
“Over the past two years, we’ve seen what WeWork’s growing presence in China can accomplish. WeWork is a global connector bringing entrepreneurs, startups and large enterprise companies from around the world together, a local partner supporting Chinese entrepreneurs and attracting new businesses to invest in China, and an innovator reimagining the workspace through its cutting-edge design, technology and community-focused culture. With our continued investment, we know WeWork will continue to lead in the future of work,” said John Zhao, Chairman and Chief Executive Officer of Hony Capital.
About WeWork
WeWork provides its members around the world with space, community, and services through both physical and virtual offerings. From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 5000 employees. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.
About Trustbridge
Trustbridge Partners is a leading growth equity fund that focuses on investing in high-quality growth opportunities in China. Founded in 2006, Trustbridge currently manages approximately $8 billion in assets from leading university endowments, pension funds, sovereign wealth funds, and strategic industry partners. Our investment philosophy is built upon a fundamental understanding of long-term trends in demographics, technology and structural changes. We adopt a unique ecosystem-driven approach and concentrate in the Internet, content / education, and healthcare sectors where we believe our deep insights and strong industry relationships help generate unique investing opportunity sets.
About Temasek
Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 11 offices internationally, Temasek owns a US$235b portfolio as at 31 March 2018. Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agribusiness; as well as energy & resources. Investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. For more information on Temasek, please visit www.temasek.com.sg
About Hony Capital
Hony Capital, founded in 2003 and sponsored by Legend Holdings, specializes in buyout investment. Partnering with the world’s leading investors, it focuses on the development of China’s real economy with “Value creation, Price Realization” as its investment philosophy. Hony Capital currently has USD 10 billion under management, with investors from China and the world’s leading investment institutions, including national pension funds, sovereign wealth funds, university endowment funds, regional and industry pensions, insurance companies, family foundations, individual investors and other types. Hony Capital puts China as its top market, with investments in over 100 companies in areas of pharmaceutical and healthcare, media and entertainment, consumer products, food and beverage, as well as machinery and equipment manufacturing. Hony Capital’s portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , ofo, COFCO Capital, etc. The assets value of these companies totals about RMB 2.9 trillion with sales volume of RMB 860 billion, providing more than 450,000 jobs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180726005629/en/
Contact
WeWork
Dominic McMullan / Gwen Rocco / Jenny Chan
press@wework.com
or
Trustbridge
Public Relations
pr@trustbridgepartners.com
or
Hony Capital
Victoria Li
victoriali@honycapital.com
Source : WeWork
--BERNAMA
Thursday, 26 July 2018
QTUM PLATFORM NOW AVAILABLE THROUGH AMAZON WEB SERVICES
Smart contract and dapp development is now deployed through one of the world’s largest cloud providers of business software
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- Qtum (https://qtum.org/en), the first UTXO-based smart contract system, today announced that its Dapp development platform is now available on Amazon Web Services. Users across the enterprise and elsewhere will now be able to develop and deploy their own smart contracts from this ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE).
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world,” said Qtum Co-Founder Patrick Dai. “It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Qtum’s focus is to offer easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use, at no additional cost for AWS customers to deploy a Qtum instance. There is also no need to purchase Qtum tokens. A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain.
The new Qtum AMI on AWS can be used by anyone who wants to get started on the blockchain, run a Qtum node, or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies. The node has Qtum pre-installed and users can choose between its mainnet or a testnet.
The Qtum AMI on AWS also includes:
SINGAPORE, July 26 (Bernama-GLOBE NEWSWIRE) -- Qtum (https://qtum.org/en), the first UTXO-based smart contract system, today announced that its Dapp development platform is now available on Amazon Web Services. Users across the enterprise and elsewhere will now be able to develop and deploy their own smart contracts from this ready-to-use Amazon Machine Image (AMI) featuring Qtum core and the Qmix Integrated Development Environment (IDE).
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world,” said Qtum Co-Founder Patrick Dai. “It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.”
Qtum’s focus is to offer easy-to-use yet robust solutions for users inside and outside the enterprise. The Qtum AMI image is completely free to use, at no additional cost for AWS customers to deploy a Qtum instance. There is also no need to purchase Qtum tokens. A test network can be deployed directly on the instance, allowing developers to simulate a public blockchain.
The new Qtum AMI on AWS can be used by anyone who wants to get started on the blockchain, run a Qtum node, or simply launch a server with Qtum pre-installed, without the hassle of handling dependencies. The node has Qtum pre-installed and users can choose between its mainnet or a testnet.
The Qtum AMI on AWS also includes:
- Qtum and the solidity compiler with the official repository for easy updates
- Development libraries and tools to allow anyone to build smart contracts and work on the desktop QT wallet
- A Qmix development IDE that launches by default on boot
Blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability for their projects, and Qtum delivers a smart contract platform running on a proof-of-stake consensus for the first time. Qtum's platform utilizes solidity smart contracts through its integration of the Ethereum Virtual Machine. More than 50 decentralized applications have been deployed on Qtum to date across a broad spectrum of sectors, including but not limited to the Internet of things, intellectual property, market forecast, healthcare and clean energy.
About Qtum
Qtum is the first UTXO-based smart contract system with a proof-of-stake consensus model. The platform use Account Attraction Layer to combine Bitcoin Core and the Ethereum Virtual Machine. Proof-of-stake model reduces the computational difficulty in the network and increases scaling possibilities. Developers have deployed more than 50 decentralized applications across a broad spectrum of sectors. Qtum's independent blockchain aims to bring smart-contracts technology to mobile and connected devices to minimize the gap between blockchain and commerce. (www.qtum.org)
MEDIA CONTACT: qtum@transform.pr
Source: QTUM
--BERNAMA
SharesPost, OKCoin team up for global security token network
KUALA LUMPUR, July 26 (Bernama) --SharesPost, a leading provider of private company liquidity solutions and private capital markets research -- and OKCoin will be joining SharesPost´s Global Liquidity And Settlement System (GLASS) as exchange nodes.
OKCoin is a leading digital asset exchange focused exclusively on fiat to cryptocurrency trading pairs based in China.
In conjunction with SharesPost´s existing Alternative Trading System (ATS), GLASS will provide OKCoin with compliant access to the U.S. investor market, a statement said.
With GLASS, both SharesPost and OKCoin can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets and other emerging security products.
As the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners and will be able to soon list security tokens in every major market globally.
"As one of the leading global digital asset exchanges, OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner, " said founder and chief executive officer of SharesPost, Greg Brogger.
"The adoption of digital assets will continue to accelerate and security tokens are going to play a major role in that growth in the years ahead, " said chief executive officer of OKCoin USA, Tim Byun.
More details on https://sharespost.com/ and https://www.okcoin.cn/
--BERNAMA
OKCoin is a leading digital asset exchange focused exclusively on fiat to cryptocurrency trading pairs based in China.
In conjunction with SharesPost´s existing Alternative Trading System (ATS), GLASS will provide OKCoin with compliant access to the U.S. investor market, a statement said.
With GLASS, both SharesPost and OKCoin can serve expanded user bases and supported assets — particularly private growth equity assets, tokenized assets and other emerging security products.
As the network grows, OKCoin will also be able to offer their own compliant services in supported jurisdictions to other GLASS partners and will be able to soon list security tokens in every major market globally.
"As one of the leading global digital asset exchanges, OKCoin will be an instrumental partner as we build a new, decentralized network that can facilitate the trading, certification and custody of security tokens and tokenized assets in a streamlined, cost-efficient manner, " said founder and chief executive officer of SharesPost, Greg Brogger.
"The adoption of digital assets will continue to accelerate and security tokens are going to play a major role in that growth in the years ahead, " said chief executive officer of OKCoin USA, Tim Byun.
More details on https://sharespost.com/ and https://www.okcoin.cn/
--BERNAMA
Wednesday, 25 July 2018
HRH THE CROWN PRINCE OF THE KINGDOM OF SAUDI ARABIA MOHAMMED BIN SALMAN NAMES RENOWNED TOURISM IMPRESARIO GERARD "JERRY" INZERILLO TO LEAD TRANSFORMATIVE HERITAGE TOURISM INITIATIVE
Inzerillo to Be First-Ever CEO of the Diriyah Gate Development Authority, Encompassing Museums, Universities, Major "Edutainment" Facilities as well as Resorts, Restaurants, Wellness Centers and Luxury Retail
RIYADH, Saudi Arabia, July 25 (Bernama-BUSINESS WIRE) -- His Royal Highness Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince of the Kingdom of Saudi Arabia and Chairman of the Diriyah Gate Development Authority (DGDA) has named Gerard “Jerry” Inzerillo CEO of the Authority, which will spearhead a transformative initiative to restore the historic birthplace of the Saudi state.
This press release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Inzerillo, a highly accomplished tourism visionary, was selected to oversee the restoration of Diriyah and to develop a number of major new historical and tourism assets including museums, academic institutions and “edutainment” facilities, as well as resorts, restaurants, wellness facilities and high-end retail in a 7.1 million square meter development on the west side of Riyadh, Saudi Arabia’s booming capital city. The initiative is a key deliverable in the Crown Prince’s 2030 Vision to modernize the Saudi state, engage Saudi citizens, and welcome guests from all over the world.
“I am deeply honored to have the privilege to contribute to His Royal Highness’ Dynamic vision for the nation,” said Inzerillo. “This is truly an inspired time in this extraordinary country. I am particularly grateful to lead a world-class team in the development of this historic site, which will give the world its truest window into the soul and spirit of this land, its welcoming people and their rich history. Diriyah will be one of the great gatherings places in the world.”
Diriyah, a UNESCO registered site, holds a historical depth of more than 590 years. As the birthplace of the first, second, and current Kingdom of Saudi Arabia, it is the root of the Saudi nation.
Much of the original site, built in adobe brick in the traditional architecture of the greater Najd region, will be authentically restored with new tourism attractions and facilities.
The At-Turaif District in Diriyah has been designated by UNESCO as a “World Heritage Site.” His Royal Highness envisions Diriyah as a place where the past will be celebrated and the future awakened and where all who enter its gates will be inspired, engaged and entertained.
The DGDA Board of Directors is honored to have attracted such a creative, inspirational leader in Jerry Inzerillo to bring His Royal Highness’ vision into reality. Previously, Inzerillo was CEO of Forbes Travel Guide, the global standard for the verification of service excellence in hospitality. FTG, which operates in more than 100 countries, also awards annually the prestigious Five Star Award, considered the “Olympic Gold Medal of Hospitality”.
View source version on businesswire.com: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Contact
Key Group Worldwide
Jaret Keller
Work: 212-988-7701
Mobile: 917-628-0480
Email: jkeller@keygroup.tv
Source : Diriyah Gate Development Authority (DGDA)
--BERNAMA
http://mrem.bernama.com/viewsm.php?idm=32346
RIYADH, Saudi Arabia, July 25 (Bernama-BUSINESS WIRE) -- His Royal Highness Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince of the Kingdom of Saudi Arabia and Chairman of the Diriyah Gate Development Authority (DGDA) has named Gerard “Jerry” Inzerillo CEO of the Authority, which will spearhead a transformative initiative to restore the historic birthplace of the Saudi state.
This press release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Inzerillo, a highly accomplished tourism visionary, was selected to oversee the restoration of Diriyah and to develop a number of major new historical and tourism assets including museums, academic institutions and “edutainment” facilities, as well as resorts, restaurants, wellness facilities and high-end retail in a 7.1 million square meter development on the west side of Riyadh, Saudi Arabia’s booming capital city. The initiative is a key deliverable in the Crown Prince’s 2030 Vision to modernize the Saudi state, engage Saudi citizens, and welcome guests from all over the world.
“I am deeply honored to have the privilege to contribute to His Royal Highness’ Dynamic vision for the nation,” said Inzerillo. “This is truly an inspired time in this extraordinary country. I am particularly grateful to lead a world-class team in the development of this historic site, which will give the world its truest window into the soul and spirit of this land, its welcoming people and their rich history. Diriyah will be one of the great gatherings places in the world.”
Diriyah, a UNESCO registered site, holds a historical depth of more than 590 years. As the birthplace of the first, second, and current Kingdom of Saudi Arabia, it is the root of the Saudi nation.
Much of the original site, built in adobe brick in the traditional architecture of the greater Najd region, will be authentically restored with new tourism attractions and facilities.
The At-Turaif District in Diriyah has been designated by UNESCO as a “World Heritage Site.” His Royal Highness envisions Diriyah as a place where the past will be celebrated and the future awakened and where all who enter its gates will be inspired, engaged and entertained.
The DGDA Board of Directors is honored to have attracted such a creative, inspirational leader in Jerry Inzerillo to bring His Royal Highness’ vision into reality. Previously, Inzerillo was CEO of Forbes Travel Guide, the global standard for the verification of service excellence in hospitality. FTG, which operates in more than 100 countries, also awards annually the prestigious Five Star Award, considered the “Olympic Gold Medal of Hospitality”.
View source version on businesswire.com: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51841671&lang=en
Contact
Key Group Worldwide
Jaret Keller
Work: 212-988-7701
Mobile: 917-628-0480
Email: jkeller@keygroup.tv
Source : Diriyah Gate Development Authority (DGDA)
--BERNAMA
http://mrem.bernama.com/viewsm.php?idm=32346
HITACHI VANTARA TO ACQUIRE REAN CLOUD
Deal Will Extend Hitachi Vantara’s Cloud Portfolio and Managed Services Capabilities To Accelerate Digital Transformations Across Public, Private and Hybrid Cloud Environments
SANTA CLARA, Calif., July 25 (Bernama-GLOBE NEWSWIRE) -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501), today announced its intent to acquire REAN Cloud LLC, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging internet of things (IoT) spaces.
Founded in 2013, REAN Cloud has quickly been recognized as a leading cloud systems integrator, earning the status of AWS Premier Consulting Partner and Microsoft Azure Silver Partner. REAN Cloud’s deep hyperscale expertise and industry-leading infrastructure-as-code REAN Cloud Accelerator Platform enable highly automated, intelligent, scalable and secure cloud adoption and managed services. These services focus on delivering client business outcomes with significantly faster realization of business value. With 47Lining’s capabilities (acquired by REAN Cloud last year), REAN Cloud also delivers customized solutions for IoT analytics, predictive analytics and machine learning, allowing customers to more quickly unlock new business opportunities.
This acquisition will reinforce Hitachi Vantara’s ability to accelerate secure enterprise cloud adoption across multicloud environments and strengthen its ability to manage and operate traditional applications as well as emerging workloads in artificial intelligence and machine learning. Hitachi Vantara shares REAN Cloud’s passion for creating leading-edge solutions and will leverage REAN Cloud’s expertise to speed delivery of transformative digital solutions for its combined customers and partners.
“Our global customers across the Hitachi, Ltd., ecosystem are driving their own digital transformations to create competitive advantages in the marketplace,” said Brian Householder, chief executive officer of Hitachi Vantara. “Modernized infrastructure running both on and off premises and intelligent data governance and analytics are the foundational pillars of digital transformations. REAN Cloud powerfully extends Hitachi Ltd.’s existing portfolio for customers and partners in these areas.”
“Enterprises today want the ultimate flexibility in selecting the right environment for their varied workloads and development requirements. Moving and managing data and applications across environments requires careful orchestration through a unified cloud platform,” said Bobby Soni, chief solutions and services officer of Hitachi Vantara. “Hitachi Vantara already offers trusted and reliable private cloud solutions for customers who want pay-as-you-go experiences without having to move their data off premises. With REAN Cloud, we will be able to extend our unified cloud offerings to public and hybrid clouds, and we will enable customers to accelerate their digital transformations by deploying analytics-centric solutions to drive business outcomes.”
“When we first founded REAN Cloud, we understood the pivotal role that the cloud would play in transforming the way enterprises do business to reach their goals faster,” said Sri Vasireddy, managing partner of REAN Cloud. “As cloud adoption continues its rapid growth worldwide, we are truly excited to join forces with Hitachi Vantara, which shares our focus on shaping the future of digital transformation with innovative solutions. Our team looks forward to evolving REAN Cloud’s platform to accelerate customers’ outcome-based offerings.”
Once the acquisition closes, REAN Cloud’s founders will continue to lead and grow the business as an integral part of Hitachi Vantara’s Solutions and Services organization, led by Bobby Soni. REAN Cloud customers can expect continued high-quality services through REAN Cloud’s existing workforce, enhanced by Hitachi Vantara’s global delivery capabilities and leading digital solutions.
The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals. Financial terms of the deal are not being disclosed.
Citi acted as the exclusive financial advisor to Hitachi Vantara and William Blair and MVP acted as financial advisors to REAN Cloud.
For more information about Hitachi Vantara’s intent to acquire REAN Cloud, read the blog post from Bobby Soni: https://www.hitachivantara.com/blog/a-clear-view-of-the-clouds/.
About REAN Cloud
REAN Cloud, a global cloud systems integrator and Managed Service Provider (MSP), is a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) and a Microsoft Azure Silver Partner. REAN Cloud offers managed and professional services and solutions for hyperscale integrated IaaS and PaaS providers and is one the few systems integrators capable of supporting the entire cloud services life cycle. Backed by extensive security DNA and deep compliance IP and expertise, REAN Cloud specializes in helping enterprise customers that operate in highly regulated environments – Financial Services, Healthcare/Life Sciences, Education and the Public Sector – to get the most from their cloud investment while enabling them to accelerate the value gained from the cloud once there. REAN Cloud’s team has worked with global organizations, including the American Heart Association, Alexion Pharmaceuticals, Ditech Mortgage, Ellucian, Globus Genomics, Philips, PierianDx, SAP, Symantec, Teradata and Veritas. REAN Cloud solutions are bundled with advanced security features to help address clients’ compliance needs.
About Hitachi Vantara
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. The company combines technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers' experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. The company’s experts work with organizations everywhere to drive data to meaningful outcomes. Visit us at www.hitachivantara.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE:6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.
Company Contact
Mary Ann Gallo
Hitachi Vantara
Mary.ann.gallo@hitachivantara.com
408-970-7932
SOURCE : Hitachi Vantara Corporation
SANTA CLARA, Calif., July 25 (Bernama-GLOBE NEWSWIRE) -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501), today announced its intent to acquire REAN Cloud LLC, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging internet of things (IoT) spaces.
Founded in 2013, REAN Cloud has quickly been recognized as a leading cloud systems integrator, earning the status of AWS Premier Consulting Partner and Microsoft Azure Silver Partner. REAN Cloud’s deep hyperscale expertise and industry-leading infrastructure-as-code REAN Cloud Accelerator Platform enable highly automated, intelligent, scalable and secure cloud adoption and managed services. These services focus on delivering client business outcomes with significantly faster realization of business value. With 47Lining’s capabilities (acquired by REAN Cloud last year), REAN Cloud also delivers customized solutions for IoT analytics, predictive analytics and machine learning, allowing customers to more quickly unlock new business opportunities.
This acquisition will reinforce Hitachi Vantara’s ability to accelerate secure enterprise cloud adoption across multicloud environments and strengthen its ability to manage and operate traditional applications as well as emerging workloads in artificial intelligence and machine learning. Hitachi Vantara shares REAN Cloud’s passion for creating leading-edge solutions and will leverage REAN Cloud’s expertise to speed delivery of transformative digital solutions for its combined customers and partners.
“Our global customers across the Hitachi, Ltd., ecosystem are driving their own digital transformations to create competitive advantages in the marketplace,” said Brian Householder, chief executive officer of Hitachi Vantara. “Modernized infrastructure running both on and off premises and intelligent data governance and analytics are the foundational pillars of digital transformations. REAN Cloud powerfully extends Hitachi Ltd.’s existing portfolio for customers and partners in these areas.”
“Enterprises today want the ultimate flexibility in selecting the right environment for their varied workloads and development requirements. Moving and managing data and applications across environments requires careful orchestration through a unified cloud platform,” said Bobby Soni, chief solutions and services officer of Hitachi Vantara. “Hitachi Vantara already offers trusted and reliable private cloud solutions for customers who want pay-as-you-go experiences without having to move their data off premises. With REAN Cloud, we will be able to extend our unified cloud offerings to public and hybrid clouds, and we will enable customers to accelerate their digital transformations by deploying analytics-centric solutions to drive business outcomes.”
“When we first founded REAN Cloud, we understood the pivotal role that the cloud would play in transforming the way enterprises do business to reach their goals faster,” said Sri Vasireddy, managing partner of REAN Cloud. “As cloud adoption continues its rapid growth worldwide, we are truly excited to join forces with Hitachi Vantara, which shares our focus on shaping the future of digital transformation with innovative solutions. Our team looks forward to evolving REAN Cloud’s platform to accelerate customers’ outcome-based offerings.”
Once the acquisition closes, REAN Cloud’s founders will continue to lead and grow the business as an integral part of Hitachi Vantara’s Solutions and Services organization, led by Bobby Soni. REAN Cloud customers can expect continued high-quality services through REAN Cloud’s existing workforce, enhanced by Hitachi Vantara’s global delivery capabilities and leading digital solutions.
The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals. Financial terms of the deal are not being disclosed.
Citi acted as the exclusive financial advisor to Hitachi Vantara and William Blair and MVP acted as financial advisors to REAN Cloud.
For more information about Hitachi Vantara’s intent to acquire REAN Cloud, read the blog post from Bobby Soni: https://www.hitachivantara.com/blog/a-clear-view-of-the-clouds/.
About REAN Cloud
REAN Cloud, a global cloud systems integrator and Managed Service Provider (MSP), is a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) and a Microsoft Azure Silver Partner. REAN Cloud offers managed and professional services and solutions for hyperscale integrated IaaS and PaaS providers and is one the few systems integrators capable of supporting the entire cloud services life cycle. Backed by extensive security DNA and deep compliance IP and expertise, REAN Cloud specializes in helping enterprise customers that operate in highly regulated environments – Financial Services, Healthcare/Life Sciences, Education and the Public Sector – to get the most from their cloud investment while enabling them to accelerate the value gained from the cloud once there. REAN Cloud’s team has worked with global organizations, including the American Heart Association, Alexion Pharmaceuticals, Ditech Mortgage, Ellucian, Globus Genomics, Philips, PierianDx, SAP, Symantec, Teradata and Veritas. REAN Cloud solutions are bundled with advanced security features to help address clients’ compliance needs.
About Hitachi Vantara
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. The company combines technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers' experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. The company’s experts work with organizations everywhere to drive data to meaningful outcomes. Visit us at www.hitachivantara.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE:6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.
Company Contact
Mary Ann Gallo
Hitachi Vantara
Mary.ann.gallo@hitachivantara.com
408-970-7932
SOURCE : Hitachi Vantara Corporation
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