SYNCHRONOSS FINANCIAL ANALYTICS PLATFORM SELECTED BY RACKSPACE TO ACCURATELY VALIDATE EXPENSES AND INVOICES

BRIDGEWATER, N.J., Oct 31 (Bernama-GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging, digital and IoT products, today announced that Rackspace will use the Synchronoss Financial Analytics platform to manage costs, provide visibility and deliver savings by checking and validating the accuracy of its largest and most complex third party partner expenses and invoices.

The Synchronoss platform will use advanced analytics to evaluate the complex, large-scale invoices that Rackspace receives from its partners each month. Each invoice can contain complex large datasets, which the Synchronoss platform will automatically process to identify potential anomalies and errors in the data. The automated process will improve accuracy, and will also provide expense governance to enable Rackspace to promptly recoup misbilled charges on its largest expenses.

“Checking and validating the large and complex invoices we receive each month from our partners and suppliers is an operational challenge,” said Dustin Semach, Chief Financial Officer at Rackspace. “The Synchronoss platform is an important addition to our operational toolkit. The platform automatically captures and rapidly processes vast amounts of data at scale, then transforms that data into actionable insight.”

Synchronoss President and CEO Glenn Lurie said: “The Financial Analytics platform has already been used by some of the world’s largest service providers to validate the accuracy of their supplier billing and drive meaningful operational savings. Rackspace’s innovative use of the platform demonstrates its flexibility and underlines its value to large global enterprises looking to generate operational efficiency. This agreement also shows the significant progress that Synchronoss is making to broaden our reach and open up new opportunities for our products and technologies outside our established TMT footprint.”

About Synchronoss Technologies, Inc.  

Synchronoss (NASDAQ: SNCR) transforms the way companies create new revenue, reduce costs and delight their subscribers with cloud, messaging, digital and IoT products and platforms supporting hundreds of millions of subscribers across the globe. Synchronoss’ secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. For more information, visit us at www.synchronoss.com.

Investors
Joseph Crivelli
Synchronoss
908-566-3131
investor@synchronoss.com

Media Contact:
Anais Merlin
CCgroup (International)
T: +44 20 3824 9200
E: synchronoss@ccgrouppr.com
Diane Rose
CCgroup (North America)
T: +1 727.238.7567
E: diane@ccgrouppr.com 

SOURCE: Synchronoss Technologies, Inc

--BERNAMA 

PURECIRCLE WINS LEGAL DECISION VS SWEEGEN

Challenge to Validity of PureCircle’s Patent Is Denied

Patent Relates to Reb M Stevia Bioconversion

CHICAGO, Oct 29 (Bernama-GLOBE NEWSWIRE) -- PureCircle (LSE: PURE), the world’s leading stevia producer and innovator, has won a legal decision in its patent infringement litigation vs SweeGen.

On September 19, 2018, PureCircle filed a patent infringement case versus SweeGen and its affiliate in the Federal District Court for the Central District of California.

SweeGen attempted to avoid the lawsuit against it by filing a petition for “inter parties review” before the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office, challenging the validity of PureCircle’s patent. The Federal District Court stayed the court case, pending the review by the PTAB.

On October 24, 2019, the PTAB issued a decision in PureCircle’s favor.  It decided, after considering all SweeGen’s assertions, that the challenges to the validity of PureCircle’s patent were insufficient.

The patent at issue is U.S. patent number 9,243,273.  It relates to PureCircle’s proprietary process to produce Reb M stevia sweetener via bioconversion.  Reb M is one of PureCircle’s next generation sweeteners with a taste profile like sugar.  PureCircle has ramped up its ability to produce Reb M in the quantities and at prices its customers need to sell a variety of zero- and low-calorie products sweetened with a plant-based sweetener.

As the result of the PTAB decision and SweeGen’s failure to demonstrate the invalidity of PureCircle’s patent, PureCircle has cleared another hurdle in its patent infringement case vs SweeGen.  PureCircle is pleased with the decision of the PTAB, and looks forward to enforcing its patent rights in its Federal District Court litigation against SweeGen.

Globally, PureCircle has 197 patents granted and approximately 350 patents pending. Beyond patents, and further enhancing its broad-based intellectual property, the company has extensive trade secrets and know-how resulting from years of leading-edge R&D and process optimization in the area of stevia ingredients.  PureCircle’s deep and broad stevia intellectual property evidences its position as the world’s leading supplier of innovative stevia ingredients.

Media may direct inquiries to:

Jackson Pillow, Media Relations Manager
Email: jackson.pillow@purecircle.com Phone: +1 (630) 256 8394

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec580717-f2b6-4581-9a57-6007615832eb

 SOURCE: PureCircle

--BERNAMA

Jumio launches real-time, fully automated identity verification solution

KUALA LUMPUR, Oct 29 -- Jumio, the leading AI-powered trusted identity as a service provider has launched Jumio Go, its first real-time, fully automated identity verification solution to spot deepfakes, bots and sophisticated spoofing attacks with certified liveness detection.

“Jumio Go leverages the power of big data and big AI to equip modern enterprises with instant online identity verification that delivers a simple and intuitive experience for good customers,” said Jumio president, Robert Prigge.

Jumio Go is designed to remove friction from the user onboarding process, while still fighting online identity fraud and meeting AML and KYC compliance mandates, according to a statement.

Given the growth of deepfakes, bots and sophisticated spoofing attacks, Jumio has integrated certified liveness detection to detect when photos, videos or even realistic 3D masks are used instead of actual selfies to create online accounts.

Powered by AI, Jumio Go provides enterprises with a real-time, secure and reliable way to verify remote users, ensuring the person enrolling or logging in, is who they claim to be online.

Jumio Go is being launched as a beta to give its customers an early look at the fully automated identity verification solution. The beta is available across a broad range of geographies and will expand in the near future.

Jumio will use the beta period to capture important feedback from customers and partners to better refine the experience and deliver the best fully automated identity verification solution on the market.

More information at https://www.jumio.com.

-- BERNAMA

Virgin Pulse boosts global innovation to engage worldwide members

KUALA LUMPUR, Oct 25-- Virgin Pulse, a health and well-being software provider has significantly expanded and enhanced its global capabilities to support members in over 190 countries.

Recent advances underscoring its global leadership include the company’s strategic partnership with Workplace Options, the world’s largest integrated employee support and work-life services provider.

The partnership, the first of its kind in the employee well-being market, ensures that Virgin Pulse global members have around-the-clock access to the digital tools and human support to build healthy habits and lifestyles.

Through this partnership, members can engage in wellness and lifestyle improvement coaching, including weight management, nutrition, tobacco cessation, physical activity and stress management, in local languages at countries Virgin Pulse serves.

Clients can also access to an integrated, multi-lingual Employee Assistance Program, allowing them to further localise the well-being experience for their global employees.

The company also enhanced Global Health Risk Assessment and rewards structure, expanded currency and fulfillment options as well as announced Virgin Pulse GO, a biannual turnkey global event.

More details at https://www.virginpulse.com/

-- BERNAMA

BEST'S MARKET SEGMENT REPORT: OUTLOOK ON JAPAN NON-LIFE INSURANCE MARKET REMAINS STABLE DESPITE CATASTROPHE, MACROECONOMIC PRESSURES

HONG KONG, Nov 1 (Bernama-BUSINESS WIRE) -- AM Best is maintaining a stable market segment outlook on Japan’s non-life insurance segment, as domestic insurers record profitable underwriting performance despite significant catastrophe losses; however, according to a new AM Best report, the recent consumption tax hike and ongoing global trade tensions could create pressure on the insurance companies operating in the country.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Japan Non-Life Insurance,” states that AM Best expects that more taxes will be imposed on various underwriting and operating expenses for most of the domestic insurance companies. These taxes could lead to a rise in combined ratios and a decline in underwriting profit for the market. Underwriting results generally deteriorated in fiscal-year 2018-2019 due to catastrophe events, but insurers still achieved profitability. Along with the underwriting resilience, the stable outlook factors in insurers’ premium rate adjustments that are likely to mitigate the negative impact of the consumption tax hike. Solid risk-adjusted capital positions, which weather financial market volatility, also are a key factor supporting the stable outlook.

Japan ranks as one of the world’s largest export economies, with an export value of over USD 700 billion. While its economy has continued to perform well, ongoing trade tensions between or with some of its major trading partners may threaten demand. This could lead to a decline in exports or logistics transactions, which could aggravate already soft demand for cargo and shipping insurance. The ongoing China-United States trade war has been a significant source of volatility for global financial markets. A preliminary trade deal has yet to be signed, but represents a first step on the road to reconciliation. One major concern for domestic non-life insurers has been their investment allocations, a high percentage of which are composed of high-risk assets, such as local stocks and foreign securities.

The solvency margin, which represents the level of real net assets available for regulatory solvency purposes, amounted to JPY 13.4 trillion (approximately USD 124 billion). In addition, total solvency margin in excess of the regulatory minimum requirement of 200% amounted to JPY 10 trillion (approximately USD 92 billion), which suggests that there is a significant amount of excess capital available to cushion against market volatility.

Overall, most companies are actively seeking to mitigate any potentially negative impacts from these headwinds, primarily through premium rate adjustments, cost-cutting initiatives and investments in technology to improve operational efficiency and profitability.

To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=291282.

AM Best is a global credit rating agency and information provider with an exclusive focus on the insurance industry. Visit www.ambest.com for more information.

Copyright © 2019 by AM Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20191031005714/en/

Contact

Jason Shum
Associate Director, Analytics
+852 2827 3424
jason.shum@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Source : AM Best

Promethera Biosciences strengthens presence with Tokyo branch office

KUALA LUMPUR, Nov 1 -- Promethera Biosciences SA (Group), a global innovator in cell-based medicines and liver diseases, recently announced the foundation of a new branch office in Tokyo, Promethera Biosciences Japan Branch Ltd.

The Japan branch marks the starting point for building a strong Promethera presence in the country, initially focusing on increased Business Development, Investor Relations activities and expansion of its business and products pipeline.

This presence will also address Asian markets as a second step.

“As we develop such business activities, we are considering various options for further strengthening our presence in Japan. These options include future listing on the Tokyo Stock Exchange Market or another Asian stock exchange, and/or partnering with pharmaceuticals,” said a statement.

More information at https://www.promethera.com.

-- BERNAMA

ABB ELECTRIFICATION LAUNCHES VIRTUAL 'SMART CITY'

^{ABB Electrification Launches Virtual ‘Smart City’ (Graphic: Business Wire)}


ZURICH, Nov 1 (Bernama-BUSINESS WIRE) -- ABB Electrification has today launched an interactive ‘Smart City’ to mark the UN’s World Cities Day. The interactive landscape shows some of the safe, smart and sustainable solutions that can contribute to the design of a comprehensive ‘smart city’.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191031005709/en/

The online desktop tool can be accessed via abbsmartcities.com

Launching the tool, Amina Hamidi, ABB Electrification’s Chief Technology Officer said:

“Half the world’s population now live in towns and cities, which are at the forefront of several global challenges, such as energy demand and carbon dioxide emissions. ABB Electrification’s products and solutions are enabling industries, public services and communities across the world to tackle these challenges.

“Our online tool breaks down the collective technical elements of smart buildings, e-mobility, energy management and data centers, all of which can contribute to the design of a comprehensive ‘smart city’.”

This year’s UN World Cities Day is themed: “Changing the world: innovations and a better life for future generations”. The UN recognizes that smart technologies and digitalization provide opportunities to decarbonize cities. ABB Electrification’s products and solutions are enabling industries, public services and communities across the world to achieve this goal.

ABB’s ‘Smart City’ online tool will develop further as more innovations and solutions are introduced.

About ABB: ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

View source version on businesswire.com:
https://www.businesswire.com/news/home/20191031005709/en/

Contact

Natalie Hodges
natalie.hodges@ch.abb.com
+41 (0)43 317 54 04

Source : ABB Electrification