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PR Newswire

Jacobi Asset Management Receives Approval to Launch the World’s First Tier One Bitcoin ETF

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–  Custody provided by Fidelity Digital Assets 

–  Authorised by the Guernsey Financial Services Commission (GFSC)

–  Administrators: Sigma Asset Management (Guernsey) Limited

–  Fund Architecture/Consultancy: Midshore Consulting Limited

LONDON, Oct. 16, 2021 — Jacobi Asset Management  has received approval to launch the world’s first tier one Bitcoin ETF. The Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorised by the Guernsey Financial Services Commission (GFSC) and with custody provided by Fidelity Digital AssetsSM. It is Jacobi’s intention to list the Jacobi Bitcoin ETF on Cboe Europe, one of the largest pan-European equity exchanges, subject to Financial Conduct Authority (FCA) listing approval.

Launched in May 2021 to shape the future of digital asset management, Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.

Jacobi is spearheaded by CEO Jamie Khurshid, a former Goldman Sachs investment banker and pioneer of regulatory transparency in financial markets. Jamie was named by Financial News as one of the top 40 under 40 in European trading and technology and ranked in the ‘Exchange invest’ Top 1000 most influential people in global financial markets. He has appointed a team with extensive financial services, regulatory and crypto asset expertise.

CEO Jamie Khurshid said: "We are excited to be launching a new secure, transparent and accessible product to track the performance of Bitcoin. We are de-risking investments in crypto by removing the technology risk associated with the physical asset and the counterparty risk associated with traditional funds or tracker products that are unregulated leveraged debt instruments. We are proud to collaborate with Europe’s leading regulated firms for a truly tier 1 offering to service market demand, subject to the necessary regulated approval. This is an exciting moment for Europe as regulatory approval comes ahead of those waiting for a decision from the U.S. Securities and Exchange Commission."

"The Jacobi Bitcoin ETF will finally bring digital assets wholly into the mainstream investment infrastructure with the support of the leading firms we are working with. It will provide investors with the opportunity to participate directly in physically-settled Bitcoin. This new ETF provides simple, secure, accessible investing into one of the world’s most exciting asset classes via some of the world’s leading regulated entities," commented Roy McGregor, Chairman of Jacobi Asset Management and former CEO of Credit Suisse Channel Islands.

Jacobi Bitcoin ETF investors will benefit from the security of Fidelity Digital Assets’ enterprise-grade custody and execution services, designed to enable institutional investors to safely secure, trade and support investments in digital assets. Chris Tyrer, Head of Fidelity Digital AssetsSM in Europe, commented: "Greater diversity of investor interest has created significant demand for additional vehicles for exposure to help provide broader access to digital asset markets. While safekeeping of assets is a top priority for investors and asset managers in all asset classes, the highly technical nature of digital assets places even more emphasis on this and underscores the need for institutional-grade custody solutions like ours."

The Jacobi Bitcoin ETF was developed to meet regulatory standards by Christopher Jehan, Head of Fund Architecture and former Chair of the Guernsey Investment & Funds Association (GIFA). Christopher led the team at Midshore Consulting in designing the Fund with legal work performed by Collas Crill led by Partner Wayne Atkinson and Senior Associate Gareth Morgan.

Prior to FCA listing approval, Jacobi Bitcoin ETF investments will be facilitated through Sigma Asset Management (Guernsey) Limited ("Sigma"), the fund manager providing management and administration. Fund consultancy support will continue through Midshore Consulting.

For further information visit Jacobiam.com

For enquiries about Jacobi Asset Management, please contact:

Geneva Loader
Jacobi Asset Management
Tel: +44 (0)3330 165 232
Email: Geneva@jacobiam.com

For media enquiries, please contact:

Vanessa Green
The Realization Group
Tel: +44 (0) 771 333 2303
Email: vanessa.green@therealizationgroup.com

PR Newswire

Global Technologies divests AEi – MycronicAB

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STOCKHOLM, Oct. 2, 2021 — Mycronic’s Global Technologies division has divested Automation Engineering, Inc. (AEi) to Singapore-based ASM Pacific Technology.

AEi, which was acquired by Mycronic in 2016, develops, manufactures, and sells innovative and market leading solutions for precision Camera Module Assembly and Test (CMAT) systems used in electronics products. AEi provides a comprehensive product portfolio of fully-automated active alignment solutions, used to assemble camera modules and to measure and verify quality during volume production. The equipment is modular and adapted to customer requirements. The largest customer segment is the automotive industry.

"Our goal has been to find an owner with an existing broad offering towards the automotive industry, who in addition has a technological leadership position in active alignment solutions for camera and sensor assembly and thus can leverage AEi’s technology and know-how. We believe we have found such an owner in ASM Pacific Technology," says Michael Chalsen, Sr VP Global Technologies at Mycronic.

"We greatly look forward to continuing to develop AEi’s global market and technology leadership position together with ASM Pacific Technology and enabling full line solutions for the automotive and adjacent markets," says Jean Marc Peallat, General Manager, AEi.

The transaction is expected to be finalized in the fourth quarter of 2021 or first quarter of 2022, subject to customary closing conditions and regulatory approvals.

For additional information, please contact:
Michael Chalsen
Sr VP Global Technologies
Tel: +1 978 495 9418, e-mail: michael.chalsen@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19, e-mail: sven.chetkovich@mycronic.com

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Netherlands, Singapore, South Korea, United Kingdom and United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

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PR Newswire

New Oriental Announces Filing of Annual Report on Form 20-F for Fiscal Year 2021

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BEIJING, Sept. 26, 2021 /PRNewswire-Asia/ New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended May 31, 2021 with the Securities and Exchange Commission ("SEC") on September 24, 2021, U.S. Eastern Time. The annual report can be accessed on New Oriental’s investor relations website at http://investor.neworiental.org as well as the SEC’s website at http://www.sec.gov. New Oriental will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

The Company has also today published its annual report for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX"), which can be accessed on the Company’s investor relations website at http://investor.neworiental.org as well as the HKEX’s website at http://www.hkexnews.hk.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Ms. Sisi Zhao
New Oriental Education and Technology Group Inc. 
Tel: +86-10-6260-5568 
Email: zhaosisi@xdf.cn

Related Links :

http://english.neworiental.org

PR Newswire

Strategic Investment in proteanTecs from Industry Leaders MediaTek and Advantest Joined by Porsche Automobil Holding SE to Advance Electronics Health Monitoring

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Validates need for multi-segment visibility from production to system operation

HAIFA, Israel, Sept. 24, 2021 — proteanTecs, a global leader in deep data solutions for advanced electronics, announced today a $50 million extension to their Growth Equity Round, demonstrating accelerated market adoption of system health and performance monitoring across multiple verticals. The round extension was led by Koch Disruptive Technologies (KDT) and joined by strategic investors MediaTek and Advantest, together with Porsche SE, the major shareholder of Volkswagen Group, and Allied Group subsidiary Champion Motors, as well as current investors. This brings the company’s total funding to $150 million.

 

Based on deep data derived from Universal Chip Telemetry™ (UCT), proteanTecs provides cloud and edge enterprise SW solutions for electronics’ health and performance monitoring. Addressing end-to-end needs of mission-critical markets, the company serves some of the largest and most technologically innovative companies in Datacenter, Automotive and Communications.

proteanTecs onboards leading investors from multiple verticals
proteanTecs onboards leading investors from multiple verticals

The strategic investment reinforces the growing need for full lifecycle visibility, spanning all segments of the electronics industry. Eli Groner, managing director at KDT, commented: "Since KDT’s first investment in proteanTecs we’ve seen their continued success in scaling and developing their technology, and this new investment is a testament to our confidence in the company. The addition of leading strategic partners across multiple verticals will enable proteanTecs to continue to stay ahead of the curve in the exciting new world of real time electronics monitoring."

One of the main forces driving the paradigm shift to an integrative approach is the automotive industry, which is entering the next phase of its electrification, driven by rising customer demands for safety and connectivity.

Lutz Meschke, member of the board of management responsible for investment management at Porsche SE, said: "Due to the fast-paced technological advancements and the ever-growing requirements for new chip generations, we see an enormous market potential for proteanTecs’ technology leveraging predictive reliability, performance and power management. We see clear benefits and the necessity for the use of this technology across a wide range of industries including the automotive industry." 

Spurred by the progress of the digital revolution, and driven by complexities in design and manufacturing, advanced analytics are also transforming the way production testing is performed. Advantest, a leading manufacturer of automatic test equipment, is strategically reinforcing its core business by integrating traditional silos across the product lifecycle through cloud-based data.

"We are excited to add proteanTecs to our investment portfolio, and to welcome their collaboration in the Advantest Cloud Solutions’ open solution ecosystem", said Doug Lefever, president and CEO of Advantest America.  "The way we are addressing test today has changed. We are strategically transitioning to an integrated methodology, leveraging cloud and edge analytics based on multiple data sources. We look forward to working with proteanTecs on the next phase of semiconductor test, finding innovative and scalable ways to shape the future of test platforms."

Versatile deployment of advanced electronics is another key dynamic driving collaboration. MediaTek, a global semiconductor leader, enjoyed first mover advantage in AI and 5G, providing chipsets for smart home, connectivity, IoT and wearable, ASIC and smart mobile devices.

"The investment in proteanTecs aligns with our commitment to bring cross-platform technologies that help connect users to the world around them", said Brian Hsu, Managing Partner of MediaTek Capital. "Robust, high-efficiency and low-power-consumption ICs are key to driving a scalable digital future. We believe synergies from strong technology portfolios and proteanTecs’ predictive performance capabilities will grow product value and enable unique competitive advantages."

The addition of strategic investors comes on the heels of a momentous year for proteanTecs. In 2020-2021, the company onboarded key customers, including cloud hyperscalers, leading system OEMs, disruptive fabless startups, and ASIC houses, enabling the formation of a value-add solution portfolio. The extended financing will be used to fuel global expansion, accelerate product development, and pursue strategic collaborations.

"The investment will strengthen proteanTecs’ technological and market leadership", said Shai Cohen, CEO and co-founder of proteanTecs. "It solidifies our strategy of bringing together market leaders’ diverse view points to solve a cross-stake challenge, while validating the need for advanced monitoring solutions from design to field. We’re grateful for the existing and new investors’ support and shared vision to bring a common data language to the industry."

About Porsche SE

Porsche Automobil Holding SE ("Porsche SE") is a listed investment company and a major shareholder of Volkswagen AG, in which Porsche SE holds 53.3 percent of ordinary shares and 31.4 percent of capital. In addition to the core holding in Volkswagen AG, Porsche SE is a global investor in the mobility and industrial technology sectors. Porsche SE focuses on high-quality growth companies that thrive on strong macro trends and are led by excellent management teams.

About Advantest Corporation

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more.  Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world.  The company also conducts R&D to address emerging testing challenges and applications, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools.  Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility.  More information is available at www.advantest.com.

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

About KDT

Koch Disruptive Technologies (KDT) is a unique investment firm, focused on empowering founders to create a could-be world. KDT provides a flexible, multi-stage investment approach which includes both traditional venture and growth stages. We work with principled entrepreneurs who are building transformative companies, disrupting the status quo, and creating new platforms. KDT is a subsidiary of Koch Industries, one of the largest privately held companies in the world with $110 billion in revenue and operating in more than 70 countries. KDT helps its partners unlock their full potential by bringing Koch’s capabilities and network to them, structuring unique capital solutions, and embracing a long-term, mutual benefit mindset.

About proteanTecs

proteanTecs develops revolutionary Universal Chip Telemetry™ (UCT) for electronic systems throughout their entire lifecycle, increasing their performance and reliability. By applying machine learning to novel data created by on-chip UCT Agents™, proteanTecs provides meaningful insights and visibility unattainable until today, leading to new levels of quality, reliability and scale. Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California and Taiwan. For more information, visit: www.proteanTecs.com.

Press Contact

Tamar Naishlos, Media Relations  

tamarn@proteanTecs.com

 

Related Links :

http://www.proteantecs.com/

PR Newswire

Bulletin from AB Electrolux Extraordinary General Meeting

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STOCKHOLM, Aug. 27, 2021 — Due to the risk of the spread of COVID-19 and the authorities’ regulations and advice the Extraordinary General Meeting ("EGM") was carried out solely through advance voting (so-called postal voting) pursuant to temporary legislation.

The EGM resolved on an automatic share redemption procedure, including a 2:1 share split, a reduction of the share capital by redemption of shares, and an increase of the share capital by way of a bonus issue. The procedure means that a total of SEK 4,886 m will be distributed to the shareholders, which corresponds to SEK 17.00 per share.

The record date for share split and receipt of redemption shares will be October 5, 2021. Trading in the redemption shares is estimated to take place as from October 6, 2021 up to October 22, 2021. The record date for receiving the redemption amount will be October 25, 2021, whereby payment of the redemption amount is expected to be executed by Euroclear Sweden on October 28, 2021.

Full details on the proposals adopted by the EGM can be downloaded here.

CONTACT:

For further information, please contact:

Electrolux Press Hotline, +46 8 657 65 07

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Pressrelease – Bulletin from AB Electrolux Extraordinary General Meeting August 27 2021
PR Newswire

Mycronic receives order for an SLX system

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STOCKHOLM, Aug. 27, 2021 — Mycronic AB (publ) has received an order for an SLX system from a new customer in Asia. The order value is in the range of USD 4-6 million. Delivery of the system is planned for the third quarter of 2022.

The SLX laser mask writer meets rising demand for photomasks for the semiconductor industry and a future need for replacement and modernization. Photomasks manufactured by laser mask writers are of high importance and account for 70-75 percent of all photomasks produced for semiconductor manufacturing. SLX is a new and modern mask writer based on the same technology as Mycronic’s mask writers for displays.

"The SLX system’s modern design, performance, productivity and reliability provides an attractive solution for customers producing photomasks to the semiconductor industry. This is highlighted when we are entrusted to deliver SLX to a new customer," says Charlott Samuelsson, Sr VP Pattern Generators at Mycronic.

Mycronic provides mask writers for manufacturing photomasks in several fields of application. These include display manufacturing (TVs, smartphones and tablets), production of semiconductors and applications in the multi-purpose market, a broad segment that comprises many different areas of application.

For additional information, please contact:

Charlott Samuelsson
Sr VP Pattern Generators
Tel: +46 70 984 42 82, e-mail: charlott.samuelsson@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19, e-mail: sven.chetkovich@mycronic.com

The information in this press release was published on August 27, 2021, at 08:00 a.m. CEST

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

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PR Newswire

Tecnotree Reports Strong Financial Result for H1 of 2021

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HELSINKI, Aug. 16, 2021 — Tecnotree, the global Digital Business Support Systems (BSS) provider, announced its 2021 second quarter and half-year results. With the growth in all the parameters, the company reported an increase of 16% in net sales and a remarkable growth of 60% in the net profit for H1 2021 as compared to H1 of 2020. Looking ahead, Tecnotree expects to leverage the competitive advantage for sustainable long-term growth and capitalize on new opportunities related to 5G & IoT technology.

Consolidated highlights of the half-year result:

  • Net sales increased to EUR 27.9 million with the growth of 16% for the same period in 2020
  • Net income registered an increase of 60% y-o-y with EUR 7.7 million
  • Cash & equivalent’s position continues to get better with an increase of 33% with EUR 10.7 million at the end of H1 2021 as compared to end of 2020
  • Highest in 8 years, Order Book is reported at EUR 55.0 million at the end of H1 2021, a whopping growth of 71% in comparison to the end of 2020
  • The market capitalization almost doubled at the time of this announcement versus end of 2020

Tecnotree CEO, Padma Ravichander, said, "After having demonstrated our resilience in last several quarters and one of the best Q1 performances in the company’s history, we have been able to continue our growth journey in the second quarter. I am pleased with what we could achieve together despite the Covid-19 delta variant challenges in India where we have our largest development center located."

Padma further added, "Tecnotree’s Digital BSS Suite 5 continues to generate healthy excitement across markets, leading to a record order book in the last 8 years. I am confident that our focused approach in 5G, IoT, and AI/ML enabled systems will continue to win the confidence of service providers."

Some of the other notable business achievements in the first half include:

  • Company won Commercial Excellence Supplier Award from MTN
  • MTN Group selected Tecnotree for digital transformation of their operations in five countries in Africa
  • Recognized as a finalist in two categories in the prestigious TM Forum Excellence Awards – ‘Customer Experience & Trust’, and ‘The Human Factor’
  • Met all delivery commitments remotely with its unique zero-touch deployments      
  • Launch of Tecnotree DiWa, a Digital Wallet which is set to reshape and modernize payment methods
  • Tecnotree Moments, an innovative B2B2X commerce platform was introduced which is getting incredible response from the market already.

Being called ‘A well-performing phoenix‘ by Inderes, a leading financial analyst from Finland was the cherry on the top for a great performance.

Contact Tecnotree at marketing@tecnotree.com to know more.
+358 9 804781

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PR Newswire

Exyte Continues Strong Performance During 6M/2021

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– Order intake up 32.8%, reaching € 3,175 million

– Sales increase by 34.2% to €2,250 million

– Adjusted EBIT rose to €122 million

STUTTGART, Germany, Aug. 12, 2021 — Exyte continued its strong performance throughout the first half of 2021. Sales reached €2,250 million with adjusted EBIT increasing to €122 million. The region EMEA remained the strongest region and Advanced Technology Facilities the largest business segment.

In the first half of the year, sales increased in all regions and all global business units, growing by 34.2% to €2,250 million (6M/2020: €1,677 million). At €1,232 million (6M/2020: €1,014 million), the region EMEA was the strongest due to ongoing major projects in Ireland, Germany, and Israel. With sales for semiconductor projects in Singapore and China increasing, the region APAC also gained momentum, growing to €659 million (6M/2020: €382 million) in sales. Due to the Advanced Technology Facilities (ATF) business segment, sales in AMER rose to €245 million (6M/2020: €190 million). Overall, order intake increased by 32.8% to €3,175 million (6M/2020: €2,391 million). Free cash flow was at €245 million.

Adjusted EBIT amounted to €122 million, a YOY increase of 54.9% (6M/2020: €79 million), and the adjusted EBIT margin increased from 4.7% to 5.4%, reflecting an excellent performance in all global business units as well as in the business area Technology & Services (T&S).

Semiconductor market remains main driver

The business segment ATF remains the strongest segment, with sales increasing by €564 million year-over-year to €1,971 million on account of large ongoing projects for semiconductor clients in EMEA and APAC. Order intake for the Biopharma & Life Sciences (BLS) business segment almost tripled due to additional major projects, reaching €337 million (6M/2020: €130 million), while sales more than doubled to €170 million (6M/2020: €80 million). Due to a significant project awarded in Israel, the order intake of the Data Center (DTC) business segment reached €158 million (6M/2020: €3 million).

Growth path continues

"We are continuing to outperform our plans for 2021," says Dr. Wolfgang Büchele, CEO of Exyte. "Some projects are delivering better than expected and clients are expanding capacities at a faster rate than anticipated. All in all, the market situation for Exyte is promising and together with our growing workforce of dedicated individuals, I am convinced that we have a steep incline of growth ahead of us."

Follow this link to view the financial statement for 6M/2021.

About Exyte

Exyte is a global leader in the design, engineering and delivery of facilities for high-tech industries. With a history of more than 100 years, the company has developed a unique expertise in controlled and regulated environments. Exyte has a truly global footprint, serving the most technically demanding clients in markets such as semiconductors, batteries, pharmaceuticals, biotechnology, and data centers. The company offers a full range of services from consulting to the managing of turnkey solutions – delivered to the highest quality and safety standards. Solving the most complex challenges, Exyte forges trusted, long-lasting relationships with its clients. In 2020, Exyte generated sales of EUR 4.1 billion with around 4,900 highly experienced and motivated employees. The company is ideally positioned to further strengthen its market leadership with its broad industry insight and its exceptional talents.

Logo – https://techent.tv/wp-content/uploads/2021/08/exyte-continues-strong-performance-during-6m-2021.jpg

Contact:
Adriana Williams
Vice President Corporate Communications & Investor Relations
+49 711 8804 1489
adriana.williams@exyte.net 
www.exyte.net

Related Links :

https://www.exyte.net

PR Newswire

Deloitte Named a Leader in 2021 Gartner® Magic Quadrant for Public Cloud IT Transformation Services

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NEW YORK, Aug. 10, 2021 — Gartner®, one of the world’s leading information technology and advisory companies, has positioned Deloitte in the Leader quadrant, with the highest ability to Execute and Furthest Completeness of Vision, in its August  2021 report titled, Gartner Magic Quadrant for Public Cloud IT Transformation Services.

This is a new Magic Quadrant™ replacing Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide where Deloitte was also a Leader in 2020 and 2019.

Deloitte’s deep domain experience and strong business-led, cloud-enabled perspective, coupled with its world-class technology capabilities, modern delivery approach, and cyber and tax solutions, helped to receive this recognition.

"We believe this decade will see unprecedented changes fueled by cloud and technology innovation," says Ranjit Bawa, Principal and US Cloud Leader, Deloitte Consulting LLP. "The cloud is a catalyst for transformation, and we are delighted that Gartner recognized Deloitte’s unique ability to bring domain depth and an engineering-led approach to modernize and build products and create new businesses that position our clients for sustained leadership." 

"We are very proud of this recognition of Deloitte’s leadership in cloud; we continue to invest heavily in developing innovative solutions to catalyze cloud-based business transformations at our clients," says Sam Balaji, Deloitte Global Consulting Leader. "Deloitte continues to scale its digital transformation capabilities globally, and we are excited to further empower Deloitte clients to leverage cloud’s full potential to grow and thrive."

Gartner Disclaimer

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

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. (this will be soon updated in our Policy as well)

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the "Deloitte organization") serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com.

For more about Deloitte Analyst Relations, please visit our Analyst Recognitions page.

PR Newswire

Bambuser Signs Master Agreement with LVMH Following Initial Pilot Activations and LVMH Innovation Award

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STOCKHOLM, Aug. 4, 2021 — Bambuser today announced it has entered into a long-term master agreement with LVMH Moët Hennessy Louis Vuitton (LVMH), following successful pilot activations. The agreement will strengthen the companies’ partnership following Bambuser’s receipt of the LVMH Innovation Award.

Bambuser has previously entered into proof-of-concept agreements with two of LVMH’s Maisons. Following the successful activations, Bambuser and LVMH have entered into a long-term master agreement that allows all LVMH’s Maisons and divisions in all markets to leverage Bambuser’s robust platform for shoppable livestreams.

The master agreement initially runs for 12 months starting August 2021. The order value cannot be estimated in advance, as each company and business unit shall submit an individual insertion order. 

This is information that Bambuser AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was sent for publication, through the agency of the contact persons set out below, on 3 August 2021.

Contact information
Corporate Communications, Bambuser AB | +46 8 400 160 00 | ir@bambuser.com  

Certified Adviser
Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se

ABOUT BAMBUSER
Bambuser is a software company specializing in interactive live video streaming. The Company’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.

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