Monthly Archives: July 2022

PR Newswire

ORICO Launches High-Performing Portable SSD Inspired by Mondrian

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The bold design encases an ultra-high performing solid-state drive that can achieve up to a 3,126MB/s reading speed

SHENZHEN, China, July 26, 2022 /PRNewswire/ — ORICO – Shenzhen-based innovative enterprise focusing on high-performance solutions for USB data transmission and charging – is proud to unveil the ORICO USB4 High Speed Portable SSD Montage 40Gbps series, with a striking and durable design inspired Dutch painter Piet Mondrian.


The bold and bright aesthetic draws from Mondrian’s famous work Composition with Red, Blue and Yellow, incorporating the thick black lines and blocks of color that immediately distinguish the device from the monochrome alternatives on the market. Loud, but not lurid, the design is applied with the durable in-mold labeling technique also found in automobile manufacturing for its resistance to corrosion.

However, the product engineers at ORICO do not pursue form over function and have invested in the right technology to make the Montage 40Gbps series one of the best-performing SSDs available. During performance testing, the drive achieved 3,126MB/s reading speed, a 2,832MB/s writing speed, and transferred 3GB files in just one second, matching, and even surpassing, many leading products currently on the market.

Accompanied by a versatile 2-in-1 data cable for USB type A and type C connections, the drive is widely compatible and able to be used with Mac OS, Windows, Android, and Linux operating systems without requiring a driver. Depending on user requirements, the Montage series offers capacity options ranging from 512GB to 2TB.

“We are so excited to launch the eye-catching Montage series, serving superior performance and carrying a timeless aesthetic that really transcends style trends,” commented Xu Yeyou, CEO of ORICO. “We had in mind on-the-go creatives, such as photographers and video editors, when designing the product.”

About ORICO

Shenzhen ORICO Technologies Co., Ltd. was established in 2009, and its brand ORICO is an innovative national high-tech enterprise focusing on USB data transmission and USB charging technology.

To learn more about the ORICO SSD Montage 40Gbps Series, click here.

Connect with ORICO

Website | Youtube | Instagram | Twitter | Facebook | LinkedIn | Amazon

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PR Newswire

HR automation platform Omni HR raises USD 2.4mn pre-seed funding from Alpha JWC Ventures & Picus Capital to digitize employee management in SE Asia

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SINGAPORE, July 25, 2022 /PRNewswire/ — HR automation platform, Omni HR today announced it has recently closed USD 2.4 million in an oversubscribed pre-seed funding round co-led by Alpha JWC Ventures and Picus Capital, with participation from FEBE Ventures, Basis Set Ventures, Ratio Ventures, and Frances Kang at Horizons Ventures. This round was also supported by a number of prominent angel investors including former executives at Namely and Ultimate Software.

Omni HR Team
Omni HR Team

Founded in 2021 by former Goldman Sachs executive Brian Ip and experienced data engineer YC Chan, Omni HR provides a seamless employee management system that helps companies digitize and automate the end-to-end employee lifecycle in a single platform.

According to Omni HR Co-Founder Brian Ip, “Most companies in Southeast Asia are currently using local HR software that supports only basic admin functions, leaving many HR processes to be done manually. Meanwhile, HR software is one of the software categories that require the most localization, due to the differing employment rules in different countries. This effectively creates a unique opportunity for local players to build a modern, scalable employee management platform based out of Southeast Asia.”

Omni HR is witnessing that the market is going through a shift from traditional HR or payroll software to more advanced, modern solutions addressing the end-to-end employee journey. Omni HR’s goal is to become the employee management platform that enables organizations to digitize employee records, automate administrative tasks, and interact employee data seamlessly across different systems. Omni HR believes that with the ongoing digital transformation and software adoption trends in Southeast Asia, its employee management platform would ultimately become an important piece of software infrastructure for the region.

Since its soft launch in March 2022, Omni HR has been adopted by a number of companies to automate manual HR processes such as employee onboarding, time off management, and document management. The company is now coming out of its stealth mode and is ready to expand across the region, starting with Singapore and Indonesia.

“Our initial traction has been promising and we’re off to a great start,” says Omni HR Co-Founder YC Chan. “We are better than incumbents not only because of our superior tech solutions, but also because of our understanding of the local context which enables us to design a product fitting our customer needs.”

The investors in this round are bringing in a unique combination of operational know-hows and strategic support. Alpha JWC is the investor in various leading Southeast Asian startups including Ajaib, Carro and Spenmo, while Picus Capital has extensive experience investing in HR tech companies such as Personio, Bennie and Workmotion.

With the new funding, the company will further enhance its all-in-one product offering, including the launch of a recruitment module by Q3 and a performance management module by Q4, respectively.

“Omni is building an end-to-end HR suite that covers the entire employee life cycle and automates the repetitive workflow to help the management handle their people operations. With solutions that cater to problems faced by most, if not all, kinds of companies, we believe Omni HR has the unique potential to grow fast and become the region’s HR SaaS of choice,” says Jefrey Joe, Co-Founder and General Partner at Alpha JWC Ventures.

“While the HR function is the most crucial one in every business, we believe that the Southeast Asian market is still a white space with no comprehensive and localized tool to manage a workforce efficiently and offer a strong employee experience. Omni HR has built a clearly superior solution by going beyond basic administrative functionality into automating repetitive workflows like onboarding in the HR departments. This need has been especially accelerated by an increasing number of software being used in a company and an increasingly remote workforce which is harder to manage with traditional IT infrastructure,” says Florian Reichert, Partner & Managing Director at Picus Capital.

Omni HR is a software-as-a-service company that provides a seamless employee management system to help companies digitize and automate the end-to-end HR processes in a single platform. Its platform currently offers features to automate manual HR processes from employee onboarding, time off management, to document management. Founded in 2021, Omni HR is taking a regional approach for its business, starting with Singapore and Indonesia. For more information, please visit www.omnihr.co

Alpha JWC Ventures is an early to growth-stage Southeast Asian venture capital firm. Its debut fund was launched in 2016 as Indonesia’s first independent and institutional early-stage venture capital fund. Over the years, Alpha JWC has established a strong reputation and clear positioning in the market as the leading venture capital firm with one of the region’s largest on-the-ground teams and a global network. The firm currently manages around US$ 650 million AUM – the largest early-stage fund in Southeast Asia – and 60+ active portfolio companies across Southeast Asia. For more information, please visit www.alphajwc.com

Picus Capital is an international, privately financed venture capital company with headquarters in Munich and offices in New York, Beijing, Berlin, London, Bangalore, Stockholm and São Paulo. Picus predominantly invests in Pre-Seed, Seed and Series A rounds and focuses on technology companies in real estate, financial services, HR, energy & climate, logistics & mobility, e-commerce, healthcare, crypto & web3 and deeptech. As an entrepreneurial sparring partner, Picus Capital pursues a long-term investment philosophy and supports founders from the ideation phase to the IPO and beyond. For more information, please visit www.picuscap.com

For media queries, please contact:
Lynette Teo | Senior Digital Marketing Manager at Omni HR
lynette.teo@omnihr.co

PR Newswire

Infosys: Industry leading revenue growth in Q1 lays robust foundation for the year

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 –  FY 23 Revenue guidance increased to 14%-16%.
 –  Margin guidance retained at 21%-23%

BENGALURU, India, July 25, 2022 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered a robust performance in Q1 with year-on-year growth at 21.4% and sequential growth at 5.5% in constant currency. Year on year growth was in double digits across all business segments in constant currency terms. Digital accounted for 61.0% of overall revenues, growing at 37.5% in constant currency. Net hiring was strong at 21,171. Operating margin for the quarter was 20.0%, with Free Cash Flow conversion at 95.2% of net profit.

“Our strong overall performance in Q1 amidst an uncertain economic environment is a testament to our innate resilience as an organization, our industry-leading digital capabilities and continued client-relevance. We continue to gain market share and see a significant pipeline driven by our Cobalt cloud capabilities and differentiated digital value proposition,” said Salil Parekh, CEO and MD. “We are investing in rapid talent expansion while ensuring rewarding careers for our employees, to better serve evolving market opportunities. This has resulted in a strong performance in Q1 and increase in FY 23 revenue guidance to 14%-16%,” he added.

37.5% YoY

21.4% YoY
5.5% QoQ

20.0 %

4.4% YoY

$1.7 bn  

CC Digital growth

CC Revenue growth

Operating margin
($ terms)

Increase in EPS
(INR terms) 

Large deal TCV

1.  Key highlights for the quarter ended June 30, 2022

  • Revenues in CC terms grew by 21.4% YoY and 5.5% QoQ
  • Reported revenues at $4,444 million, growth of 17.5% YoY
  • Digital revenues at 61.0% of total revenues, YoY CC growth of 37.5% 
  • Operating margin at 20.0%, decline of 3.7% YoY and decline of 1.5% QoQ
  • Basic EPS at $0.16, decline of 1.1% YoY
  • FCF at $656 million; FCF conversion at 95.2% of net profit

“We are fueling the strong growth momentum with strategic investments in talent through hiring and competitive compensation revisions. While this will impact margins in the immediate term, it is expected to reduce attrition levels and position us well for future growth. We continue to optimize various cost levers to drive efficiency in operations,” said Nilanjan Roy, Chief Financial Officer. “Continued high focus on cash led to strong FCF to net profit conversion at 95.2% and improvement in ROE to 31.0%,” he added.

2.  Client Wins & Testimonials

  • Infosys and Rolls-Royce extended their strategic collaboration with the launch of a joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru, India. Speaking about the new centre, Kishore Jayaraman, President – India and South Asia, Rolls-Royce, said, “Our strategic partnership with Infosys presents an exciting opportunity for both companies to leverage combined strengths in engineering and digital innovation to accelerate growth in the civil aerospace market. Given the aerospace sector is poised for revival and growth in India and across the world, this joint innovation centre will strengthen Rolls-Royce’s global engineering ecosystem and position us well for the future.”
  • Infosys launched the Infosys Cobalt Financial Services Cloud, an industry cloud platform for enterprises across the financial services industry to accelerate business value in the cloud. Dave Cosgrove, Global Head of Settlements & Middle Office, MarketAxess, said, “MarketAxess is leveraging the Infosys Cobalt Financial Services Cloud platform for reconciliation as a service on cloud. This is helping us scale the reconciliation process on-demand while improving accuracy and transparency. Leveraging the reconciliation service on Infosys Cobalt Financial Services Cloud enabled us to go-live quickly without significant capex investments and ongoing maintenance thereby, bringing the power of cloud agility and usage-based pricing model to a critical business process.”
  • Infosys and Google Cloud have been selected by Backcountry to help them deliver seamless and secure digital experiences for outdoor enthusiasts. Vismay Thakkar, VP of Technology, Backcountry, said, “As we enter the Spring season and our customers embark on more outdoor adventures, we anticipate heightened demand for our products, which is why we’re opening new brick-and-mortar stores to meet their needs in any format. Infosys offers the necessary skills and resources to deliver a secure and seamless customer experience, virtually or in-person, which is why our collaboration is proving to be so powerful.”
  • Infosys collaborated with TK Elevator to revamp their digital workplace management, network security, and IT infrastructure, powered by Infosys Cobalt. Susan Poon, Global CIO at TK Elevator, said, “At TK Elevator, IT infrastructure is the core of our digital initiatives, and we continuously strive to provide state-of-the-art user services. With Infosys as a strategic partner, we are confident to achieve our target of automation, innovation, and efficiency across the IT landscape.”
  • EisnerAmper, one of the largest accounting, tax, and business advisory firms in the U.S., selected RISE with SAP. Sanjay Desai, CTO EisnerAmper said, “Infosys is implementing a flexible and scalable solution like SAP S/4HANA Public Cloud to help EisnerAmper meet their growth ambitions over the coming years.”

3.  Recognitions

  • Recognized among Kantar’s global 100 most valuable brands in 2022
  • Ranked highest in Stakeholders Empowerment Services’ (SES) ‘ESG Scores – Top 100 Listed Companies in India‘ report
  • Recognized as the ‘2021 Global AI Services Company of the Year’ by Frost & Sullivan
  • Awarded HFS OneOffice™ Award in the Sustainability category
  • Awarded HFS OneOffice™ Award in the Innovation Ecosystem category
  • Recognized as ‘GSI Innovation Partner of the Year 2022’ at Snowflake Summit
  • Winner of the 2022 Microsoft Security Modern Endpoint Management Partner of the Year Award
  • Positioned as a leader in the 2022 Gartner® Magic Quadrant™ for SAP S/4HANA Application Services, Worldwide
  • Positioned as a leader in the 2022 Gartner® Magic Quadrant™ for Oracle Cloud Applications Services, Worldwide
  • Infosys BPM positioned as a leader in the 2022 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing
  • Ranked as a leader in Everest – Healthcare Payer Digital Services Peak Matrix Assessment
  • Recognized as a leader in Everest – Oracle Cloud Applications (OCA) Services PEAK Matrix® Assessment for Europe
  • Recognized as a leader in Everest – Sustainability Enablement Technology Services PEAK Matrix® Assessment
  • Recognized as a leader in ISG Provider Lens™ ServiceNow Ecosystem Partners in U.S. and Australia 2022 Quadrant Report
  • Ranked as a leader in the IDC MarketScape Worldwide Cloud Professional Services Vendor Assessment
  • Ranked as a leader in the IDC MarketScape Worldwide Intelligent Automation Services Vendor Assessment
  • Positioned as a leader in the IDC MarketScape Worldwide SAP Implementation Services 2022 Vendor Assessment
  • Positioned as a leader in Avasant’s Salesforce Services 2022 RadarView™
  • Positioned as a leader in Avasant’s Internet of Things Services 2022 RadarView™
  • Ranked as a leader in Avasant’s Cybersecurity Services 2022 RadarView™
  • Positioned as a leader in Avasant’s Applied AI and Advanced Analytics Services 2022 RadarView™
  • EdgeVerve adjudicated as an Innovator in the Computer Vision Category at the 2022 NASSCOM AI Game Changer Award
  • EdgeVerve awarded the Gold GLOBEE Awards for Disruptor Company of the Year in Automation and Productivity
  • Infosys BPM Winners in the International Project of the Year category with Telefonica UK, at the Global Sourcing Association (GSA) UK Awards 2022
  • Infosys BPM announced as a winner in the Telecommunications Project of the Year category with BT-EE, at the Global Sourcing Association (GSA) UK Awards 2022

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

This Release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and that are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as ‘may’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘continue’, ‘intend’, ‘will’, ‘project’, ‘seek’, ‘could’, ‘would’, ‘should’ and similar expressions. Those statements include, among other things, statements regarding our business strategy, our expectations concerning our market position, future operations, growth, margins, profitability, attrition, liquidity, and capital resources, our ESG vision, our capital allocation policy, the effects of COVID-19 on global economic conditions and our business and operations, wage increases, change in the regulations including immigration regulation and policies in the United States. These statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results or outcomes to differ materially from those implied by the forward-looking statements. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

                      

Infosys Limited and subsidiaries

Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:       (Dollars in millions)

June 30, 2022

March 31, 2022

ASSETS

Current assets

Cash and cash equivalents

1,771

2,305

Current investments

1,027

880

Trade receivables

2,917

2,995

Unbilled revenue

1,709

1,526

Other Current assets

1,258

1,159

Total current assets

8,682

8,865

Non-current assets

Property, plant and equipment and Right-of-use assets

2,377

2,429

Goodwill and other Intangible assets

1,030

1,042

Non-current investments

1,664

1,801

Unbilled revenue

150

124

Other non-current assets

1,290

1,294

Total non-current assets

6,511

6,690

Total assets

15,193

15,555

LIABILITIES AND EQUITY

Current liabilities

Trade payables

501

545

Unearned revenue

800

834

Employee benefit obligations

282

288

Other current liabilities and provisions

3,060

2,766

Total current liabilities

4,643

4,433

Non-current liabilities

Lease liabilities

655

607

Other non-current liabilities

508

521

Total non-current liabilities

1,163

1,128

Total liabilities

5,806

5,561

Total equity attributable to equity holders of the company

9,337

9,941

Non-controlling interests

50

53

Total equity

9,387

9,994

Total liabilities and equity

15,193

15,555

Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for:

(Dollars in millions except per equity share data)

3 months ended
June 30, 2022

3 months ended
June 30, 2021

Revenues

4,444

3,782

Cost of sales

3,144

2,509

Gross profit

1,300

1,273

Operating expenses:

   Selling and marketing expenses

193

169

   Administrative expenses

219

208

Total operating expenses

412

377

Operating profit

888

896

Other income, net (3)

80

77

Profit before income taxes

968

973

Income tax expense 

279

268

Net profit (before minority interest)

689

705

Net profit (after minority interest)

689

704

Basic EPS ($)

0.16

0.17

Diluted EPS ($)

0.16

0.17

NOTES:

  1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended June 30, 2022, which have been taken on record at the Board meeting held on July 24, 2022.
  2.  A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.
  3. Other Income includes Finance Cost.

IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2022-2023/q1/documents/ifrs-inr-press-release.pdf

Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2022-2023/q1/documents/fact-sheet.pdf

PR Newswire

The 5th Digital China Summit Opened in Fuzhou City, Fujian Province

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FUZHOU, China, July 23, 2022 /PRNewswire/ — The 5th Digital China Summit opens in Fuzhou, Fujian province on July 23. It is jointly hosted by the Cyberspace Administration of China, National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission of the State Council and Fujian Provincial People’s Government.

Themed “Innovation-driven New Transformation, Digitization-led New Paradigm”, the summit is positioned to be a platform for publishing China’s policies on IT application development, a platform for displaying the latest achievements in digital China development, a platform for exchanges on the theories, practices and experiences of e-government and digital economy, and a cooperation platform for pooling global resources to promote digital China development. It consists of 8 parts: the opening ceremony, main forum, policy release, sub-forums, achievement exhibition, digital product expo, Digital China Innovation Contest, DCIC 2022, and side events such as “Dialogue on the Min River: and “Dialogue: Outlook for Fuzhou“, according to the Publicity Department of the CPC Fuzhou Municipal Committee.

As the host of the DCS for five consecutive times, Fuzhou participates in this digital event with all exhibitors to witness the new development, new progress and new prosperity of digital China.

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=425995

   Caption: The 5th Digital China Summit opened in Fuzhou City, Fujian Province

PR Newswire

EdTech Unicorn EEO to Build a Globally Connected Lifelong Learning Ecosystem

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BEIJING, July 23, 2022 /PRNewswire/ — On July 20th, EdTech unicorn EEO opened a new office in Seoul, Korea. EEO is in partnership with over 60,000 institutions across more than 150 countries, hosting 20 million users. As global businesses expand, EEO, parent company of ClassIn, announced plans to move the overseas headquarter to Singapore in the second half of 2022. The company will proceed to further localization and serve its clients from bases in China, Korea, Japan, Vietnam, and Philippines.

“Korea as a country highly values education, and with the pandemic, educators are picking up on the major impact education technologies have on the development of education,” Jaeeun Im, country manager of Korea at EEO, maintained. “We are witnessing increasing demands in the market for professional education products like ClassIn.”

Jaeeun expressed high expectation for the launch of ClassIn in Korea. She introduced that ClassIn’s interactive classroom is equipped with more than 20 teaching tools, an IM system, assignment and exam functions, as well as a backend school management dashboard. Additionally, it has been proven in numerous learning scenarios across 150 countries that ClassIn helps deliver more effective and personalized instruction. A well-rounded interactive virtual classroom, ClassIn not only brings engagement and creativity to online learning, but it also affords the innovation of different class designs and pedagogies through hybrid methods.

In the meantime, ClassIn is undergoing an exciting round of iteration. After eight years of exploration into hybrid learning, EEO believes that “The true value of hybrid learning lies in connecting students to the real world and diverse schools of thought, prompting more discussion and reflection. In turn, students are equipped to break down physical and cognitive barriers to exploring the unknown.” Designed with a firm grasp on the learning process, the new and improved ClassIn will support hybrid learning environments, prioritize discussions and collaborations, enable formative assessments, and give rise to long-lasting learning communities. In particular, users will be part of the ClassIn Learner Hub, where both independent and community-based learning are supported with abundant learning materials and evaluation methods.


Looking to work with global educators to reach a more inclusive and equitable future in education, EEO is committed to continuously improving its products. Specifically, the company will update ClassIn with regard to valuable customer feedback, creating an enriched teaching experience for educators and supporting students on the path of lifelong learning.

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PR Newswire

S2C Shines at DAC 2022 with its New Prodigy Player Pro-7 Prototyping Software, Multi-FPGA Prototype Hardware Platforms, and Complete Prototyping Solutions

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Stand-Out Veteran Provider of FPGA Prototyping Solutions

SAN JOSE, Calif., July 23, 2022 /PRNewswire/ — The 59th Design Automation Conference returned to San Francisco’s Moscone Center this year to notch almost six decades of week-long immersion in EDA technology and market trends, combining keynote presentations by industry luminaries with the “DAC Engineering Track” technical presentations and the EDA tool-provider exhibits for in-person exchanges of EDA user-needs and the latest EDA solutions.  Attendance by exhibitors, and EDA tool end-users alike, was noticeably improved from last year’s conference but still below pre-COVID levels.  The Moscone Center neighborhood provided a less than inviting convention venue as San Francisco recovers from COVID’s decimation of the convention-generated commerce around the Center marred by heavily littered streets, a very noticeable presence of “street people”, and the closure of many name-brand businesses that are normally sustained by the “collateral business” generated by convention attendees.

Despite the lower DAC attendance, S2C saw a marked improvement in the quantity and quality of visitors to the S2C booth.  S2C highlighted its latest hardware and software and provided interactive demonstrations of its Prodigy MDM Pro multi-FPGA debug tools and its Prodigy ProtoBridge high-throughput channel for the transfer of large amounts of transaction-level data between the FPGA prototype and a host computer – both demonstrations running on S2C’s Quad Logic System prototyping hardware featuring Intel’s massive Stratix GX 10M FPGAs.

S2C took the opportunity at DAC to roll out its newest version of its prototyping software Prodigy Player Pro-7.  The new software suite includes Player Pro-RunTime, for prototype platform control and hardware test; Player Pro-CompileTime, with enhanced automation of multi-FPGA partitioning and pre/post-partition timing analysis; and Player Pro-DebugTime, for multi-FPGA debug probing and trace viewing with S2C’s class-leading MDM Pro debug tools.

With an emphasis on large-scale SoC design prototyping, Player Pro-7 offers enhanced support for multi-FPGA implementations, including:

  • RTL Partitioning and Module Replication to support Parallel Design Compilation and reduce Time-to-Implementation
  • Pre/Post-Partition System-Level Timing Analysis for Increased Prototyping Productivity
  • SerDes TDM Mode for Optimal Multi-FPGA Partition Interconnect and Higher Prototype Performance

S2C displayed a number of its latest prototyping products in its DAC booth this year, including the Prodigy Logic System 10M based on the industry’s largest FPGA, Intel’s Stratix 10 GX 10M. Also on display were S2C’s Xilinx-based prototyping hardware, the Prodigy S7-19P Logic System, and the S7-9P Logic System, both getting their fair share of DAC attendee attention.

The highlight of the S2C booth was the new Prodigy Logic Matrix LX2.  Based on Xilinx’s largest Virtex Ultrascale+ FPGA, the LX2 boasts eight VU19P；for expansion beyond eight FPGAs, up to eight LX2s can be housed in a single standard server rack, extending prototyping gate-capacity up to sixty-four VU19P FPGAs. For expansion beyond eight FPGAs, the LX2 architecture is designed for prototyping with up to eight LX2’s in a single standard server rack, extending prototyping gate-capacity up to sixty-four VU19P FPGAs.  At this level of FPGA prototyping density, hardware quality and reliability become first-order considerations, and S2C’s 18+ year proven track record of delivering high-quality prototyping hardware sets a high bar for other prototyping solutions.

To enable users to configure prototyping platforms quickly and reliably, S2C displayed a sampling of its Prototype Ready IP in the booth.  Prototype Ready IP are off-the-shelf daughter cards designed by S2C to plug-and-play with S2C prototyping hardware platforms.  The daughter cards are designed to attach reliably to the FPGA prototype hardware and compose a rich collection of prototyping functions, including High-Speed GT Peripherals (Ethernet, PCIe, MIPI, SATA, high-performance cables, etc.), General Peripherals (GPIO, USB, mini-SAS, JTAG, RS232, etc.), Memory Modules (EMMC, DDR, SRAM, etc.), ARM Processor Interface Modules, Embedded and Multimedia modules (DVI, HDMI, MIPI, etc.), and Expansion and Accessories modules (FMC-HPC Converters, Level Shifters, I/O Test Modules, DDR Memory Modules for user-supplied external memory, Interconnect Cables, Clock Modules, etc.).

The Prodigy MDM Pro demonstrations at the booth showcased the implementation of S2C’s multi-FPGA debug tools for prototyping with a combination of external hardware, soft IP implemented in the FPGA, high-speed FPGA I/O, and debug configuration software (Player Pro-DebugTime).  MDM Pro was designed specifically to support multi-FPGA prototype implementations – with support for high probe-counts, deep-trace debug data storage, optimization of debugging reconfiguration compiles, and with the ability to choose debug configuration tradeoffs to optimize prototype performance.  The Player Pro-DebugTime software supports user-friendly debug configuration, complex trace-data capture triggering, and single-window viewing on the user console of simultaneous streams of trace-data from multiple FPGAs.  MDM Pro hardware supports high-performance deep-trace debug data storage without consuming internal FPGA storage resources.

S2C also demonstrated its Prodigy ProtoBridge in the DAC booth to showcase its off-the-shelf solution for a high-throughput channel (4GB/second) between the FPGA prototype and a host computer for the application of large amounts of transaction-level test data to the FPGA prototype – such as processor bus transactions, video data streams, communications channel transactions, etc.  ProtoBridge uses a PCI-to-AXI interface implemented in the FPGA and connected to the user’s RTL as an AXI-4 bus.  ProtoBridge includes a set of C-API function calls to perform AXI bus transactions in the FPGA prototype, a PCIe3 driver for Linux or Windows operating systems to control Logic System operations, C-API reference operations with sample access to FPGA internal memory, and an integration guide on how to connect the user’s RTL code to the ProtoBridge AXI-4 bus module.

Overall, DAC 2022 was a successful conference for S2C, firmly establishing S2C as the leading independent FPGA prototyping supplier, with the strongest track record of delivering complete prototyping solutions worldwide.

The FPGA prototyping hardware and software displayed at DAC are available now. For more information, please contact your local S2C sales representative, or visit www.s2cinc.com

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WALLIX NAMED A LEADER IN THE 2022 MAGIC QUADRANT™ FOR PRIVILEGED ACCESS MANAGEMENT

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Recognized for Completeness of Vision and Ability to Execute

PARIS, July 23, 2022 /PRNewswire/ — WALLIX, (Euronext: ALLIX) a European cybersecurity software publisher and expert in access and identity solutions, today announced that WALLIX has been positioned by Gartner® as a Leader in the Magic Quadrant™ for Privileged Access Management. The evaluation was based on specific criteria that analyzed the company’s overall completeness of vision and ability to execute.

2022 Gartner PAM Magic Quadrant
2022 Gartner PAM Magic Quadrant

PAM4ALL Vision

WALLIX is executing its PAM4ALL (“PAM for all”) vision which consists of delivering the promise of a secure digital transformation for everyone. It is particularly addressing the new digital challenges, such as the risks related to the democratisation of remote and hybrid work, the growing adoption of cloud services, the development of Smart Cities, and the automation in industrial environments and financial services.

To achieve this vision, WALLIX has introduced PAM4ALL, a unified solution combining all WALLIX technologies that goes beyond securing privileged accounts. PAM4ALL secures all exposed users and endpoints according to the principle of least privilege.

WALLIX PAM4ALL delivers value for all verticals and especially the most critical ones like Industry.

As per Gartner®, “PAM Leaders deliver a comprehensive toolset for administration of privileged access. These vendors have successfully built a significant installed customer base and revenue stream and have high viability ratings and robust revenue growth. Leaders also show evidence of superior vision and execution for anticipated requirements related to technology, methodology or means of delivery. Leaders typically demonstrate customer satisfaction with PAM capabilities and/or related service and support.”

2022 Magic Quadrant™ for Privileged Access Management

Magic Quadrant™ reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries, and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

To view a complimentary copy of the Magic Quadrant™ report to learn more about WALLIX’s strengths and cautions, among other provider offerings, click here: https://www.wallix.com/gartner-2022-magic-quadrant-pam 

Gartner does not endorse any vendor, product or service depicted in our 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 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, Magic Quadrant for Privileged Access Management, Michael Kelley, James Hoover, Felix Gaehtgens, Abhyuday Data, Published 19 July 2022.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

ABOUT WALLIX
A software company providing cybersecurity solutions, WALLIX is the European specialist in digital Identity and Access Security Solutions. WALLIX PAM4ALL, the unified privilege management solution, enables companies to respond to today’s data protection challenges. It guarantees detection of and resilience to cyberattacks, which enables business continuity. The solution also ensures compliance with regulatory requirements regarding access to IT infrastructures and critical data. WALLIX PAM4ALL is distributed through a network of more than 300 resellers and integrators worldwide. Listed on the Euronext (ALLIX), WALLIX supports more than 1900 organizations in securing their digital transformation. WALLIX is a founding member of the HEXATRUST group and has been included in the Futur40, the first ranking of growth companies on the stock exchange published by Forbes France and is part of the Tech 40 index.

WALLIX affirms its digital responsibility and is committed to contributing to the construction of a trusted European digital space, guaranteeing the security and confidentiality of data for organizations as well as for individuals concerned about the protection of their digital identity and privacy. Digital technology, whether for professional or personal use, must be ethical and responsible in order to pursue a secure societal digital transformation that respects individual freedoms.
www.wallix.com | info@wallix.com

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China’s Digitized Container Duckbill Speeds Up, Faster and Smarter

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Backed by a new round of capital, Duckbill aims high to be a dominant player in the domestic container trucking market

BEIJING, July 23, 2022 /PRNewswire/ — Chinese digital container logistic platform Duckbill announced today the completion of a Series C financing round valued at CNY 330 million (around USD 48.85 million). This round was led by the SAIC-CICC private equity fund. Existing shareholders including Shunwei Capital, Future Capital and Furong Capital continued to pump money into this deal.

The startup will use the fresh funds to support the ongoing research and development of digitalization in container land transportation, business expansion to more ports across China, and optimization of service, the statement reported.

A latecomer, but a quick grower

Founded in 2017 and headquartered in large-port megacity Shanghai, Duckbill is an innovator in the container trucking industry, with branches and services in all the main ports in China, including Shanghai, Ningbo, Shenzhen, Qingdao, Guangzhou and Tianjin — they are also parts of the world’s top 10 busiest ports in terms of container throughputs in 2021.

Although it is only a five-year-old startup, Duckbill has previously closed six rounds of funding since its inception, snagging a total of approximately USD 200 million from a bunch of notable venture capital firms. They include Singapore’s state-owned investor Temasek and growth-stage venture investor Pavilion Capital Partners. Within this frame of reference, Duckbill is the most promising drayage servicer in China.

The company has long specialized in the international freight container business — a more complex but lucrative niche market — and redefined it via its state-of-the-art algorithm-empowered software and management system. Meanwhile, with a team of experienced IT professionals from the shipping logistics industry featuring deep insights and superb execution skills, giving this trucking service platform featuring intelligent dispatching and transportation management an unparalleled advantage in upgrading the whole chain of container transportation through digital systems.

There is no doubt that Duckbill, a latecomer to the industry, has made tremendous strides in its first five-year journey.

Duckbill is ambitious, with supportive operating figures
Duckbill is ambitious, with supportive operating figures

According to the official website, it garnered the crown in terms of trucking capacity and scale, with over 2,100 trucks under control and about 13,000 partnered vehicles by the end of 2021. The volume of orders topped 1.1 million TEU (twenty-foot equivalent unit) containers in the past year accordingly, 54 times larger than that of 2017, with a compounded annual growth rate (CAGR) of 172.3% from 2017 to 2021, putting it stands heads and shoulders above other competitors in China in this regard.

However, Duckbill’s ambitions go much further than that.

It is accelerating its path of expansion actively to cover four more ports this year, namely Lianyungang, Nantong, Qinzhou and Haikou. Moreover, it also plans to build a fleet of more than 10,000 trucks serving globally by 2025; in its envisioned future, orders will accordingly enlarge over six times the size of its current operations.

The scale of its business is matched by a large number of high-profile clients. The company’s official website shows that it currently ships over 100,000 foreign trade factories and serves more than 9,000 companies, including Shanghai-based logistics giant Sinotrans, China Merchants Group-backed Sinotrans (SH:601598; 0598:HK), state-owned COSCO Shipping, home appliance supplier Midea (SZ:000333) and Alibaba’s logistics arm Cainiao.

Digitalization: There is hope

As with all startups EqualOcean covers, we care most about future opportunities and the potential of rising stars. Through an in-depth analysis of the company, we find a keyword in Duckbill’s success — digitalization.

China’s foreign trade volume stood at USD 6.05 billion in 2021, up 30.1% year-on-year despite the COVID-19 pandemic continuing to weigh on global trade, official data from the General Administration of Customs (GAC) showed earlier this year.

Buoyant exports have become the backbone of China’s economy, for sure; however, with rising domestic labor costs, the labor-intensive manufacturing sector is falling out of favor with developed economies. The pandemic has accelerated this shift even more, with Southeast Asia, Africa and South America becoming more preferable options. Vietnam, for example, reported upward Q1 economic figures and promising outlook when China was fighting with Omicron flare-ups in major manufacturing hubs like Shanghai.

Total exports and imports make up a large share of GDP, but its losing pace
Total exports and imports make up a large share of GDP, but its losing pace

At the same time, the game of great powers as well as the continued industrial transformation and upgrading have all contributed to a weakening of the momentum of China’s foreign exports.

“This trend is irreversible. We deeply believe that in the medium to long term, the sustainable growth for the container trucking industry pivots on utilizing digitalization and mobile interconnection to accelerate industry integration, carrying out scale operation, reducing operating costs while enhancing the customers’ experiences,” said Duckbill, who has faith in this assertion and been decisively engaged in it. The paperless campaign that has been vigorously promoted in recent years has further strengthened the industrial base in building a digital truck land transportation industry.

In fact, the whole world is going digital, and not just shipping. Since 2016, the world’s largest container firm Maersk, SIPG (SH:600018), China Merchants Group, China COSCO and a slew of others logistics companies have put forward a vision for the development of digital transformation. While only until recent years, the urgency is being rapidly amplified.

It follows that the company attaches great importance to research and development along with technological transformation, the proportion of R&D personnel reached 30% as of the end of 2021, with dozens of in-house intellectual property rights annually.

The company’s self-developed intelligent transportation service platform www.yazuishou.com provides international clients and freight forwarders a fully online, instantaneous, complete freight management system that offers immediate quotations, bookings, inspection services plus real-time 24/7 shipment track and trace under ‘EXWLocal Manager.’ It guarantees visible, reliable and efficient transportation services in the whole process of cross-border transportation from factories to targeted ports. Such certainty is even more crucial in the current VUCA world — volatile, uncertain, complex, and ambiguous — and is then only available in a technology-driven company like Duckbill via its forward-looking strategies.

When it comes to the internal data center, its dispatching system, transportation management and risk control system are also noteworthy. Based on big data, Chinese satellite navigation system Beidou as well as AI-powered algorithms, Duckbill enables intelligent dispatching and real-time dynamic supervision of trucks on the run. Instantaneous data exchange also creates positive synergies in processes of transportation, loading, terminal release and customs clearance. Highly granular customer data analysis is another highlight of its digitalization solutions, which enables Duckbill to maximize user contributions, helping it to personalize its services, identify and fill in the gaps in its current operational capabilities.

In addition to its ongoing digital enhancements to optimize customer experience, Duckbill also values its freight drivers truly. It has launched a one-stop service terminal for container truck drivers named Future Truck Boss, a ‘freight version’ of Chinese ride-hailing giant Didi’s app. The mobile app provides drivers with a series of after-vehicle services such as pick-ups, collaboration, billing and refueling, which greatly lowers the thresholds for drivers to enter the industry, saves time and boosts efficiency. At the same instant, thanks to Duckbill’s intelligent dispatching algorithms and 7/24 manual support, drivers on the platform can also enjoy a stable, standardized and guaranteed workflow. This is something not offered by Duckbill’s rivals in the traditional trucking industry.

Duckbill’s digital solution has multiple advantages
Duckbill’s digital solution has multiple advantages

Tang Hongbin, the founder of Duckbill, told EqualOcean that the rational and effective application of new technology is the strongest driver of the industry. “We have made digitization our core competency at the current stage and continued to optimize customer service in exchange for a higher level of trust.”

Rosy future ahead

China overtook the United States as the world’s largest trader in goods for the first time in 2013, and even in the eventful 2021, China still maintained that lead.

The fact that container land transportation between factories and domestic ports is entirely undertaken by domestic freighters has created the largest as well as the most geographically concentrated niche market in the world. According to the Ministry of Transport, the container handling volume at China’s ports stood at 282.72 million TEUs in 2021, which gives the A-level player Duckbill in this segment a large growth potential.

“Looking ahead, we must embrace new technologies such as autonomous driving to strengthen our overwhelming advantages,” added Tang, whose team also eyes on the research and development of autonomous driving in port scenarios with a CNY 200 billion market cap. Currently, Duckbill is incubating its sub-brand BOOM, with plans to have a production model off the line by 2024 and mass production capability by 2025. “We expect auto-driving to reshape the economic model of the container logistics industry.”

The fully-automated logistic plant with zero carbon emissions is also on its list, which is designed to improve both security and efficiency via intelligent algorithms and big data analysis. It would also be a showcase for Duckbill’s social responsibility.

At present, Duckbill gets further ahead of its challengers in a number of key indicators, including fleet size, transport flexibility and visibility, fulfillment capacity and the volume of orders. It is telling a new story to the capital markets: starting from container trucking, it is heading towards the prosperous track of building a closed-loop for the whole on-land logistics market.

This path contains sizable opportunities, although Duckbill’s future may not always be roses and rainbows; maybe, long-termism is the best answer.

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Don’t Miss GIGABYTE’s ‘Back To School’ Deals on Laptops

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TAIPEI, July 22, 2022 /PRNewswire/ — GIGABYTE, the industry-leading brand in PC components and laptops with a gaming concentration, announces fetching deals on its laptop family to celebrate the ‘Back To School’ season. Acknowledging a lightweight, portable powerhouse is doubtlessly the best companion to students on their educational journey; GIGABYTE offers discounts up to 31% on the brand’s gaming line-up as well as the content creation-focused model. Wherever the classroom is, GIGABYTE will be along. The models that will be involved in the promotion below:

GIGABYTE Announces ‘Back To School’ Deals on Laptops
GIGABYTE Announces ‘Back To School’ Deals on Laptops

For students who have strong creative pursuits but also prioritize portability and an uncompromised experience in video or 3D rendering, the AERO 15 and AERO 16 laptops are deals that cannot be missed. These award-winning models are equipped with a stunning 4K OLED panel, Intel 12th Gen H-series processor, and RTX 30 series are designed to make learning and working as smooth as possible.

Born for hardcore gamers that prefer mobility and versatility, the world’s first four-sided super-thin bezel gaming laptops, AORUS 15 and 17, are Intel 12th Gen and RTX 30 series-ready, with a 360Hz Gaming display, with the goal to build the ultimate gear for the quintessential gamers. 

For consumers that seek a balance of gaming, entertainment, and work capabilities, the GIGABYTE G5, powered by Intel 11th Gen processor and RTX 3050, is now on Bestbuy.

For more details on these great ‘Back To School’ deals, visit GIGABYTE’s BTS page: https://www.gigabyte.com/us/back-to-school.

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Virtual Intensive Study in China Trigger Exchange between China and UK Youth

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CHENGDU, China, July 22, 2022 /PRNewswire/ — When the two-week Mandarin Excellence Programme (MEP) virtual study trip to China pulled the curtain down on July 15, more than 1,500 secondary school students from 64 schools across England had completed the online summer camp of learning Chinese and Chinese cultural under four themes of panda zoo, sport and modern life, Chinese campus, history and cultural heritage.

Supported by Chinese peers, UK students had immersed themselves in Chinese through live classes, video tours, folk experiences, concerts, family visits and other interactive activities which were designed by 16 host institutions from 11 Chinese mainland cities. As the host institute in Chengdu, capital city of China’s southwest Sichuan Province, teachers from the Department of International Chinese Education, Southwest Jiaotong University designed the panda themed part of the immersed activities of the intensive study and leaded them to a journey with giant pandas.

The camp started from a virtual tour in a panda zoo in Chengdu, the hometown of pandas. British students asked panda experts various questions in this tour, made paper panda dolls and created stories by what they made followed the tour.

During this two-week online summer camp, British students also visited Tianfu Greenway, the longest city greenway, the Sanxingdui Museum which is about ancient Shu Dynasty dating back 3,000 years and Daoming Bamboo Art Village, a bamboo woven intangible cultural heritage spot. “Pretty”, “cool” and “colorful” were top three words on their minds about Chengdu, of course, after the word “xiongmao” (panda).

With scenery and heritages of the city lingering on their minds, British and Chinese students designed electronic posters about the Greenway, painted masks from Sanxingdui Museum together. More admirably, students learned to weave bamboo crafts after a skillful inheritors of Sichuan Intangible Cultural Heritage. Also in the live room, several student representatives from schools in Chengdu shared their school life with British peers and guided a visit to the family of one Chinese student.

“The MEP virtual China trip was a once-in-a-lifetime opportunity that allowed me and my classmates to communicate with other students our age while learning mandarin! My favourite thing was when we made stop motion stories about pandas we had crafted from paper! Although it was very different from going to china in real life, it was still incredibly enjoyable,” said Francesca Walton, a ninth grade British student.

Highlighting the importance of the programme to the UK, British Council Director China Matt Burney said: “I’m delighted to see that through our Mandarin Excellence Programme, we are connecting the young generation of people in the UK and China through language learning. Mandarin Chinese is the most widely spoken first language in the world. I look forward to seeing more UK pupils acquire the skill of Mandarin language and work together with their Chinese peers to deepen the trust and understanding of our two countries.”

Funded by the Department for Education (England) and delivered by University College London (UCL) Institute of Education in partnership with the British Council, the MEP is a unique intensive language programme that started in 2016. There are now around 8,000 pupils enrolled on the programme in 75 schools in England. This virtual visit to China, as the important part of MEP programme, offers students a real-life focus on learning Mandarin Chinese and aims to foster cultural understanding and mutual appreciation.

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