Tag Archives: CXP

PR Newswire

Chindata Group breaks ground for its first high-end equipment manufacturing industrial base

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BEIJING, Dec. 18, 2020 — Chindata Group has broken ground for the construction of its first high-end equipment manufacturing industrial base in Hebei Province, China, which will cover the research & development, design and manufacturing of prefabricated modules, flexible intelligent manufacturing, data center modules, equipment modules and professional products. 

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Mr Alex Ju, Founder and CEO of Chindata Group said high-end equipment manufacturing is a strategic industry fundamental to the digital age and will propel the iterative product upgrade in the hyperscale data center campuses.

Speaking at the groundbreaking ceremony held in Zhangjiakou, Mr Ju shared that Chindata Group will continue to leverage on the advantage of its business model and master the core technologies in key areas that will improve its innovation capabilities and drive the long-term development of the industry. He believed that Chindata Group will strive to advance equipment manufacturing together with the industrial partners for a better and shared digital society.

As of today, Chindata Group owns nearly 200 pending and approved patents. With the concept of ‘Open For The General Welfare’, Chindata Group would like to work together with all the partners to develop key advanced technologies, core components and fundamental materials.

Related Links :

https://www.investor.chindatagroup.com/

PR Newswire

ResellerClub Re-Establishes its Presence in Indonesia with Improved Localized Experience

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JAKARTA, Indonesia, Dec. 18, 2020 — ResellerClub, an Endurance International Group company and a provider of web hosting, domains and other web presence products, has revamped its website experience in the Indonesia market. While the brand has been in this market for many years, they bring a fresh, improved web experience. The brand has achieved this through localized websites, local payment gateways, translated control panels, revamped messaging, reduced page load times, localized support, promo and coupon systems for competitive offers and more. With a remarkable impact over 14 years in India, the United States, and other countries, ResellerClub hopes to do the same in Indonesia.

"Indonesia is an entrepreneurial society and an increasing number of small & micro businesses are getting rapidly digitized during this time. We want to support this thriving ecosystem by extending our world-class infrastructure and support through an advanced experience to web professionals (developers, IT agencies) and small businesses. We now offer a simple, easy to buy option for hosting solutions in a fully localized website with highly qualified chat support," says Manish Dalal, Managing Director – APAC, Endurance International Group.

ResellerClub offers a complete suite of server and cloud-based products in local language and currency to help businesses find the right hosting solution suited to different needs. Specific product highlights include:

Locally Relevant Payment Modes- While credit cards are one of the primary modes of online payment in a lot of developed countries, there is a dominance of alternate payment options in the APAC region. ResellerClub is now offering payment methods such as local bank transfers, wallets and convenience store top-ups to customers in Indonesia to make the purchase more convenient.

Advanced Hosting Infrastructure –  ResellerClub boasts of an extensive product portfolio with hosting solutions ranging across Shared Hosting , Reseller Hosting, Virtual Private Servers and  Dedicated Servers.  The brand has been progressively investing and improving its hosting range with the newly introduced SSD variants for Cloud, Virtual Private Servers (VPS), Dedicated Servers and  Reseller Hosting. ResellerClub has also recently launched additional storage on it’s VPS product and is working on adding ‘Managed Services’ to it’s offering in early 2021. ResellerClub’s hosting comes with free WHMCS, free SSL and free migration amongst many other robust features.

Productivity Solutions – The brand also offers multiple email and security solutions including G Suite for which it was recently awarded the ‘Expansion Partner Award APAC’ by Google.

Developer Friendly Order Management Panel – ResellerClub is also set to offer the ‘All-New WebPro Panel’ to it’s clients in Indonesia. This new Control Panel is specially built for web professionals (web designers, developers, digital marketing agencies, etc) after years of product research and conversations with multiple clients. The panel provides an easy purchase flow, along with tools for invoicing, taxation, order & client management and a fully white-labelled, easily brandable Storefront.

About ResellerClub

ResellerClub was founded with the objective of offering domain names and hosting products to web designers, developers and web hosts. Today, ResellerClub offers products and services that a web professional can use to enable small businesses to build a meaningful web presence. ResellerClub offers Reseller Hosting, Shared Hosting, Cloud Hosting, Dedicated Servers, VPS, email, backup, security and more with multi-brand options in many of these categories to empower choice. ResellerClub also offers a comprehensive solution to register and manage 350+ gTLDs, ccTLDs and new domains. Through the platform customized for web professionals, ResellerClub envisions provisioning the widest variety of web presence products, PaaS and SaaS-based tools.

About Endurance International Group

Endurance International Group Holdings, Inc. helps millions of small businesses worldwide with products and technology to enhance their online web presence, email marketing, business solutions, and more. The Endurance family of brands includes Constant Contact, Bluehost, HostGator, and Domain.com, among others. Headquartered in Burlington, Massachusetts, Endurance employs over 3,800 people across the United States, Brazil, India and the Netherlands. For more information, visit www.endurance.com.

PR Newswire

OPPO Joins the HEVC Advance Patent Pool

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BOSTON and SHENZHEN, China, Dec. 11, 2020 — Access Advance, an independent licensing administrator, today announced that OPPO, a leading smart device company, has become a licensee of the HEVC Advance Patent Pool. OPPO will gain access to the over 13,000 (and counting) worldwide patents essential for implementing the HEVC/H.265 video codec standard. 

"OPPO’s joining our HEVC Advance program is an important endorsement, and we are excited to welcome them," said Access Advance CEO, Peter Moller. "As a leading smart device company with some of the best-selling products and brands in the world, OPPO’s investment in research, innovation and intellectual property has made it a leading contributor in the development of many next-generation standards in the telecommunication and media industry, including VVC, the next generation video codec. We look forward to OPPO’s participation in our HEVC program and having their support in our VVC program as well."

"HEVC Advance is a collaborative patent platform that balances the interest of both licensees and licensors, and takes FRAND principles seriously," said Adler Feng, Senior Director of Intellectual Property at OPPO. "OPPO is very pleased to join the HEVC Advance Patent Pool, and looks forward to promoting the healthy development of the industry with our worldwide partners."

About OPPO:

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – "Smiley Face" – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO provides its users with the ColorOS operating system and internet services like OPPO Cloud and OPPO+. OPPO operates in more than 40 countries and regions, with 6 Research Institutes and 4 R&D Centers worldwide, as well as an International Design Center in London. More than 40,000 of OPPO’s employees are dedicated to creating a better life for customers around the world.

About Access Advance:

Access Advance LLC (formerly HEVC Advance LLC) is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Access Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers. Access Advance currently manages and administers the HEVC Advance Patent Pool for licensing patents essential to H.265/HEVC technology and is currently in the development phase for its VVC Advance Patent Pool for licensing essential patents to VVC/H.266 technology.  For more information about Access Advance or the HEVC Advance Patent Pool, please visit www.accessadvance.com. For more information about the VVC Advance Patent Pool currently in development, please contact Paul Bawel, SVP, Business Development, at Paul.Bawel@accessadvance.com.

Contact: press@accessadvance.com

PR Newswire

Access Advance Announces Newest Additions to the HEVC Advance Patent Pool

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BOSTON, Dec. 11, 2020 — Access Advance ("Advance"), an independent licensing administrator, today announced the addition of over 30 Licensees in recent months, including, ARRIS Solutions (a leading set-top box provider), DJI (a leading drone provider), Google (a leading internet-related services and products provider), Hanwha Techwin (a leading surveillance camera provider), OPPO (a leading global smart device brand), Panasonic (a leading multi-national electronics provider), and Panasonic i-PRO Sensing Solutions (a leading security/surveillance solutions and device provider).

Advance also recently welcomed Digital Insights, Google, and IBEX PT Holdings to the HEVC Advance Patent Pool as Licensors. The HEVC Advance Patent Pool now contains over 13,000 HEVC/H.265 essential patents, and of those patents, almost 11,000 are now available in a pool license exclusively through the HEVC Advance Patent Pool. For a complete up-to-date listing of all licensors and licensees in the HEVC Advance Patent Pool, please visit the Access Advance website.

"We are extremely pleased to welcome the newest licensees and licensors to our HEVC Advance Program, many of whom are significant market leaders," says Access Advance CEO, Peter Moller. "The HEVC Advance Patent Pool continues to grow while consolidating the H.265/HEVC patent landscape. As we have always said, one of the main goals of the HEVC Advance Patent Pool is to break down IP barriers to enable HEVC technology to reach all market participants and consumers, and the program continues to do exactly that. We look forward to continuing to deliver unmatched value to both our HEVC licensors and licensees for many years to come, and believe that we are uniquely positioned to offer the market a winning solution for the next generation video codec, VVC/H.266, as well."

About Access Advance:

Access Advance LLC (formerly HEVC Advance LLC) is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Access Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers. Access Advance currently manages and administers the HEVC Advance Patent Pool for licensing patents essential to H.265/HEVC technology and is currently in the development phase for its VVC Advance Patent Pool for licensing essential patents to VVC/H.266 technology.  For more information about Access Advance or the HEVC Advance Patent Pool, please visit www.accessadvance.com. For more information about the VVC Advance Patent Pool currently in development, please contact Paul Bawel, SVP, Business Development, at Paul.Bawel@accessadvance.com.

Contact: press@accessadvance.com

PR Newswire

BEST Inc. to Launch New Flagship Sortation Center in Southeast Asia Ahead of Peak Holiday Deliveries

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HANGZHOU, China, Dec. 11, 2020 — BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, announced today that ahead of the approaching holiday sales season, it will be opening a brand new flagship sortation center in Vietnam and has already expanded its sortation center in Bangkok, Thailand, all in an effort to meet growing customer demand in Southeast Asia.

Located in Ho Chi Minh City, Vietnam, the 35,000 square meter advanced sortation center is anticipated to commence operations on December 17. With an approximate US$8 million investment, the facility incorporates a wide range of cutting-edge sorting and scanning technologies that enable increased sorting capacity and less manual processing of shipments. The sortation center is capable of handling up to one million parcels per day, the highest parcel processing capacity in the country. The site is expected to create over 1,000 full-time and part-time jobs over the next two to three years.

Commenting on the new facility in Vietnam, Nelson Wu, General Manager of BEST Inc. Vietnam stated, "Our flagship sortation center in Ho Chi Minh City is the most modern and efficient facility in Vietnam with industry-leading technology and capacity. This state-of-the-art facility will help BEST ensure a highly efficient delivery experience for consumers during peak holiday season and further support merchants and brands as they grow their e-commerce businesses."

Last month, BEST completed an expansion at its sortation center in Bangkok, Thailand, to better handle an increasing volume of parcels moving through the nation. The project added 4,400 square meters of space to the existing facility and equipped it with high-speed automated sorting lines and leading dimension and weight scanning solutions, allowing the facility to double its daily processing capacity to 400,000 parcels.

Across Thailand and Vietnam, the Company currently has 16 self-operated express hubs along with approximately 1,000 franchised last-mile service stations.

The new operations facilities come along with BEST’s preparation for the upcoming holiday season, when historical business and consumer demand for parcel processing reaches its peak of the year. During the recent Double 11 sales last month, BEST’s express services in Southeast Asia saw daily volume triple the average amount.

Since 2019, BEST has established express delivery networks in Thailand, Vietnam, Malaysia, Cambodia and Singapore, where it is seeing volumes surge along with the rapid growth in e-commerce. In the third quarter, the Company reported an eight-fold jump in packages in these markets.

"Southeast Asia is our largest international market and we plan to continue to invest in the region with both rigor and determination," said Johnny Chou, Chairman and Chief Executive Officer of BEST Inc. "With all of our recent roll-outs in Southeast Asia, BEST aims to provide retailers and merchants cost-effective solutions with high-quality customer service by leveraging our technological advantages and expertise from local partners and talent."

About BEST Inc.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.  

Investor and Media Contacts

BEST Inc.
Investor relations team                        
ir@best-inc.com

The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: best@tpg-ir.com

Brandi Piacente
Tel: +1-212-481-2050
E-mail:  best@tpg-ir.com 

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST’s strategic and operational plans, contain forward-looking statements. BEST may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about BEST’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST’s goals and strategies; BEST’s future business development, results of operations and financial condition; BEST ‘s ability to maintain and enhance its ecosystem; BEST ‘s ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Related Links :

https://www.best-inc.com/

PR Newswire

Entain Marks Its First Day With Measures To Deliver On Its New Strategy

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– U.S. growth accelerates as BetMGM plans to double its footprint in three months

– Entain to seek licence in Canada and becomes the first global sports betting and gaming operator to gain a licence in Latin America

LONDON, Dec. 10, 2020 — The global sports betting and gaming group previously known as GVC Holdings plc, marked the first day of trading under its new name with a range of measures to deliver on the vision and direction recently outlined by its CEO Shay Segev. The new measures extend across all the countries in which it operates with brands including bwin, PartyPoker, Ladbrokes, Coral, FoxyBingo and BetMGM.

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Last month Entain announced a new strategy to deliver significant growth, driven by expansion in the U.S., growth across its core business, entry into new markets, and to new audiences. Entain, which has a very strong track record of 19 consecutive quarters of double-digit growth in its online business, also committed to lead responsible gaming with a new Sustainability Charter. Under this charter, the business pledged to focus only on regulated markets and use its proprietary technology to raise levels of player protection. 

As part of these plans to deliver growth and sustainability, Entain today confirmed strong momentum and market share gains in the U.S. for BetMGM, its joint venture with MGM Resorts. Between October and January BetMGM is adding five new states, doubling its population reach in three months to around 75 million across 12 states. Entain also disclosed that BetMGM’s most recent state launch in Tennessee has been its most successful go-live yet with revenues already ahead of those in more established states. Powered by Entain technology, BetMGM expects to be in over 20 states by the end of 2021.  

"We are firmly on track to take further leadership in the U.S. as well as in many other newly regulated markets that are now opening around the world." said Segev. "At the heart of our growth strategy is a determination to bring the best player experiences and protections to our industry as technology moves sport and interactive entertainment into a new era. In the U.S., we invested in building the right building blocks for the BetMGM platform to grow and become a long-term leader in the U.S., with superior technology and capabilities, and this is now paying off."

Entain also fleshed out its new Sustainability Charter, allocating money to new projects which will be delivered through its international Foundation around the world. It also gave further detail on its new Advanced Responsibility and Care (ARC) initiative, seeking to revolutionise player experiences and protection through world-leading research, data science and technology. Other new measures include:

Focus on new regulated markets: In line with its stated intention to focus on fully regulated markets, Entain today announced it has become the first global sports betting and gaming operator to gain a licence in Latin America and expects to go live in Colombia over the next month. Colombia is one of the first countries to issue licences in Latin America with others, such as Brazil preparing to follow. Elsewhere in the Americas, Canada is also moving ahead with regulation and Entain confirmed it will be applying for licencing in Canada.

  • Investing in people and communities: Entain has pledged to invest £100 million over five years in the Entain Foundation to fund responsible gaming initiatives and to support people and communities around the world where it operates. Today, it announced a series of international commitments: 

    UK: Entain and the three Trident Leagues (The Isthmian, Northern Premier and Southern Leagues) are to launch the Trident Community Foundation to help fund community-based projects. Grants will be open for the 228 football clubs that participate in the leagues.
    "Pitching In", Entain’s recently launched grassroots sport investment programme, is the founding partner of the Trident Community Foundation (TCF) and has donated £150,000 to establish the TCF fund, for distribution over the rest of the 2020/21 season.

    US: The Entain Foundation is rolling out an extensive state-by-state program with EPIC, a charitable organisation which works with former athletes and people who have overcome gambling addiction to help educate people on how to play safely.

    The U.S. project announced today with EPIC extends the program to a total of 15 Pro Sports teams and over 20 colleges across the country, including Harvard University, University of Oregon, and the Mid-American Conference. Entain and EPIC plan to work together to add additional professional sports leagues and colleges across the US during 2021. 

    Germany: The Entain Foundation will continue existing sports integrity projects in Germany and receive early funds to initiate further activities around responsible gaming.

    Australia:  The Foundation has announced initial new projects to advance responsible gaming with Relationships Australia, a community-based not for profit organisation which provides a range of counselling and support services to problem gamblers and their families. The new funding will be used to support a social media campaign to reach vulnerable audiences and to raise awareness of the signs of gambling addiction.

  • Advanced Responsibility and Care (ARC): Under this recently announced programme, Entain will combine its technology with research and insight from leading psychologists and Harvard to develop innovative experiences and safeguards for a new era in interactive sport and entertainment. To this end, Entain today announced that:

    Dr. Michael Auer,     a leading academic and member of the scientific community at the University of Hohenheim in Germany, specialising in behavioural psychology and addiction, will join Entain alongside Professor Mark Griffiths, Distinguished Professor of Behavioral Addiction and Psychology at Nottingham Trent University. They will evaluate and advise on improvements to Entain’s guidelines and processes in relation to responsible gaming.

For more information see the Group’s website: www.entaingroup.com

Video – https://mma.prnasia.com/media2/1372389/Entain.mp4?p=medium600

PR Newswire

OtterBox Hong Kong acquires Roxfit, with aim to reach new audiences

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HONG KONG, Dec. 7, 2020 — OtterBox Hong Kong, a subsidiary of Otter Products LLC, the No. 1 most-trusted case in smartphone protection*, has acquired Roxfit, a UK based mobile accessories brand primarily tailored for Sony’s smartphone devices founded in 2010 by Mr. Malcolm Stapleton, a veteran in designing and manufacturing mobile custom fit protective accessories.

Through this acquisition, Roxfit will allow OtterBox Hong Kong to reach new demographics and new audiences throughout Asia Pacific and European markets.

"We are extremely excited to add Roxfit to our portfolio of brands, as it is an important next step as we continue to expand the products and services that we offer to our customers and partners. This is also exciting as it is the first time that we acquired an entity in the APAC region," said Charlie Parke, Managing Director of OtterBox Hong Kong. "The possibilities are infinite, as we have the opportunity to create an entirely new portfolio of mobile phone cases and accessories to address areas of the market that we have yet to explore with our OtterBox or LifeProof brands."

"I am very pleased with this transition," said Malcolm Stapleton, "I believe in Otter Products and this is certainly the right step forward for Roxfit to continue and thrive in this exciting and ever-evolving region."

The relaunch of Roxfit will take place in early 2021.

About OtterBox Hong Kong

OtterBox Hong Kong, a subsidiary of Otter Products, LCC., boldly innovates and designs premium protective cases for smartphones and tablets. From its humble beginnings in a Fort Collins, Colo., garage, OtterBox has evolved its product lines to meet the needs of today’s mobile consumer to become the No. 1 selling smartphone case in the U.S*.

*Source: The NPD Group/ U.S. Retail Tracking Service: Cell Phone Device Protection/Units Sold/Jan. 2017 – Jul. 2020

 

 

Related Links :

http://www.otterbox.asia

PR Newswire

Dye & Durham to Enter Australian Market with $87 Million Acquisition of SAI Global Property Division

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  • The acquisition provides a large footprint into the Australian market and creates the opportunity to build a larger Australian business through future M&A that may unlock substantial synergy potential
  • Acquisition of a predictable business model with a diversified B2B customer base using a deeply embedded cloud-based workflow software
  • Delivers near-term cash flow, at an attractive valuation multiple, with room for multiple expansion through synergies

TORONTO, Dec. 5, 2020  — Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that it has entered into a definitive agreement to acquire SAI Global’s Property Division for Aus$91 million, or approximately Cnd$87 million1, in cash.  The transaction is expected to close in early 2021, subject to required regulatory approvals.

SAI Global’s Property Division provides its large B2B customer base, which includes conveyancers, solicitors and the financial services sector, with all the necessary workflow software, systems and information products to facilitate and complete the transfer of property.

The business is also an approved ASIC, PPSR and AFSA information broker, providing its large customer base with the mission critical workflow software and public records required to complete many business and commercial transactions. SAI Global is owned by Baring Private Equity Asia.

The acquisition creates a platform in Australia that is highly aligned with Dye & Durham’s existing product lines in Canada and the United Kingdom. The Australia platform is expected to generate meaningful cash flow through its deeply embedded B2B cloud-based workflow software that connects users to more than 3,270 data sources including government registries on a national, state and local council level, to support their regulatory and business compliance processes.

"The acquisition of the SAI Global Property Division opens up a natural geography for Dye & Durham to keep building on its strategy of acquiring, integrating and operating technology businesses in its sector to drive EBITDA growth," said Matt Proud, Chief Executive Officer of Dye & Durham. "It also provides a clear path to build a larger Australian platform in the near term."

The acquisition price is consistent with valuation multiples paid for other recent transactions completed by Dye & Durham.  

Dye & Durham’s advisors for this transaction were Canaccord Genuity and Dentons.

1 Based on an Australian Dollars to Canadian Dollars exchange rate for December 4, 2020 of Cnd$0.95

About Dye & Durham

Dye & Durham Limited is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in Canada and the United Kingdom, and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations

Additional information can be found at www.dyedurham.com.

Forward-looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events, including with respect to the proposed time of closing of the transaction and the Company’s acquisition strategy. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the prospectus supplement of the Company dated November 18, 2020 to the short-form base shelf prospectus of the Company dated November 18, 2020. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Related Links :

https://dyedurham.com/

PR Newswire

Itiviti plans large scale staff expansion for 2021

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Hiring driven by investment in global FX and Fixed Income trading capabilities

LONDON, Dec. 2, 2020 — Itiviti, a leading trading technology and service provider to financial institutions worldwide, today announced a large-scale, multi-year hiring plan to support the company’s growth and continued investment into its FX and Fixed Income trading technology across markets in Europe, North America and Asia.

"This hiring plan is a part of our multi-year strategy to deliver innovative and reliable technology that will help our clients achieve sustainable long-term growth," said Rob MacKay, CEO, of Itiviti. "We grew our team by over 6% in 2020 and we plan to accelerate that growth in 2021." 

Itiviti will be adding more than 200 new research and development (R&D), quality assurance (QA) and client service positions in 2021 and 2022 to keep pace with the firm’s ambitious product roadmap. The majority of new staff will be joining the company in its St Petersburg, Cluj and Mumbai offices.

Launching such a large scale investment in staff during this time while other organizations are downsizing is very exciting and promising for us," said Karoline Raets, Head of People Office, Itiviti. "Throughout the pandemic our flexible work environment has kept employees highly engaged and motivated with no adverse impact on the company’s performance.  As such, we are very enthusiastic about the career opportunities we can offer going forward for both internal and external talent."

Continued MacKay: "We made a lot of progress this year to improve our offering in the face of rapidly changing market requirements As trusted providers of trading and connectivity solutions, our commitment to innovation will enable us to deliver on the full potential of our platform no matter where and how our clients choose to operate." 

Visit our newly revamped website and keep up to date on open positions here: itiviti.com/careers.

For further information, please contact:
Mireille Adebiyi
Chief Marketing Officer
Itiviti Group
Email: mireille.adebiyi@itiviti.com

About Itiviti

Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle. Through its commitment to technology innovation, relentless pursuit of workflow efficiency and an entrepreneurial culture, Itiviti is disrupting the industry with highly scalable solutions that deliver unprecedented cost savings for clients.

Itiviti is owned by Nordic Capital.

For more information, please visit www.itiviti.com.

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/itiviti-group-ab/r/itiviti-plans-large-scale-staff-expansion-for-2021,c3247410

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PR Newswire

OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

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SHENZHEN, China, Nov. 26, 2020 — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in Malaysia with the launch of its new entity, OneConnect Smart Technology (Malaysia) Sdn Bhd. In line with its Southeast Asia expansion strategy, Malaysia is a key growth engine where OneConnect plans to build a local team that stands ready to serve financial institutions across Malaysia and support its regional projects. The launch was graced by Dato’ Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

Malaysia’s fintech space is thriving

Bank Negara Malaysia (BNM) has launched several initiatives in a move to embrace financial inclusion and the shift in banking habits towards digital channels. These include the announcement last year that it will issue new digital banking licenses and the publication of an Electronic Know-Your-Customer (eKYC) guideline on 30 June 2020. The move has given a boost to the nation’s banking and fintech players that are ready to accelerate digital transformation and adopt fintech innovations.

"Fintech had garnered lots of attention for its astonishing potential in impacting lives and changing economies. Since it appeared, fintech helped enable ordinary people to access financial products securely and efficiently. At the same time, it also accelerated the economic growths of many countries. In order to enhance the development of the fintech ecosystem for this country, the Malaysia Digital Economy Corporation (MDEC) will continue to engage start-ups, investors and innovators from around the world to yield positive outcomes via its continuous efforts in expanding and innovating the fintech industry. As OneConnect has established a regional presence in Malaysia, it reinforces the fact that Malaysia is an attractive investment destination. In fact, many fintech and data ecosystem players come to Malaysia specifically for its vibrant testbed environment and the multi-cultural background of its talent pool and their digital savviness and language proficiency in technical subjects," shared Dato’ Ng Wan Peng, Chief Operating Officer, MDEC.

According to the e-Conomy SEA 2020 Report[1], consumers and SMEs have adopted digital financial services like never before. In Malaysia, over the various Movement Control Order periods, many turned to the Internet for solutions to their challenges. A significant number tried new digital services – 36 per cent of all digital service consumers were new – with 92 per cent of these new consumers intending to continue their behaviour post-pandemic. Year-to-date, Malaysia has also seen a 33 per cent monthly active user growth for select mobile banking apps.

The scene is an important preamble to the ongoing digital transformation taking place in the financial landscape and it signifies a positive sign for OneConnect who has market-ready solutions for insurtech and full-stack digital banking technologies including end-to-end frictionless account opening and onboarding, smart lending, and an eKYC solution that recognises MyKad.

Committed to the growth of Malaysia’s financial sector

OneConnect is committed to being the trusted tech enabler in digital transformation for financial institutions.

Backed by Ping An’s 32 years of experience in the financial industry and an extensive track record as the tech enabler, OneConnect is able to bring to Malaysia the breadth and depth of proven solutions, and journey with its clients through their digital transformation roadmap.

Echoing the same, Tan Bin Ru, CEO (Southeast Asia) of OneConnect Financial Technology, said, "Malaysia is of strategic importance to OneConnect. The country is home to five local banks that are 20 of Southeast Asia’s largest banks, enjoying strong regional presence. Bank Negara Malaysia’s decision to open its door to digital banking bodes well for our Southeast Asia expansion strategy. One of our unique value propositions that our clients value much is the breadth and depth of our solutions which becomes a breeze when they can have a single strategic tech partner to integrate a full suite of digital solutions and work alongside their team through phases of their transformation plan. We see a lot of potential in Malaysia and with our new office being set up, we will be able to contribute our deep market knowledge and ready solutions to the local banks and financial institutions in Malaysia."

She added, "Having served all the major banks and more than half of the insurance companies in China, we have amassed extensive track records in enabling digital transformations for, and accumulated a wealth of bespoke experience in the banking, insurance and ecosystem realms. Since the setting up of our regional headquarters in Singapore in 2018, more than 50 clients across Southeast Asia and other parts of Asia, as well as the UAE and Europe have entrusted us to be their tech expert." 

Serving the needs of leading financial institutions in Malaysia

OneConnect currently serves a global insurance player and three of the top five local banks in Malaysia It has collaborated with RHB Bank and another top five local bank where it collaborated on the development of two firsts-of-its-kind services that were launched in Malaysia recently. It is also collaborating with CIMB Philippines to enhance digital banking technologies in The Philippines.

OneConnect has partnered with RHB Bank to develop an omnichannel platform that fully digitalises the SME loan experience. The omnichannel platform – comprising the RHB Financing (SME) mobile app for customers, a sales app for the bank’s relationship managers and a seamless SME loan management website – utilises OneConnect’s artificial intelligence (AI) and eKYC technologies. Launched in August as Malaysia’s first AI-powered SME financing mobile app, the app automates and simplifies onboarding process where SMEs only need to submit two scanned documents – MyKad and a bank statement – via their mobile phones to apply for loans. The omnichannel platform lets RHB serve SMEs more efficiently by reducing the back-office processes and operating costs. The bank aims to provide RM500 million in financing facilities to support small businesses in the next year.

OneConnect also partnered with another top five local bank to develop a mobile banking app powered by its eKYC solution, making this the first eKYC solution approved by BNM to launch in Malaysia in October. The app is the first in Malaysia launched by a bank to deliver a truly digital onboarding experience without having to visit any physical branch. Customers can open an account and bank safely anytime and anywhere amidst the ongoing pandemic.

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology, said, "Our deep market knowledge and ready solutions for Malaysia aptly position us to meet the local needs. We are grateful for the trust and confidence that some of the largest financial institutions in Malaysia have given us and we will continue to deepen the relationships with our valued clients. We see ourselves as a strong tech player in this space, and are dedicated to supporting and enabling the digital banking ecosystem here. We will continue to forge collaborations and work closely with financial institutions and other stakeholders, including Bank Negara Malaysia, and nurture the local tech talents as we walk this journey of a transformational landscape together."

OneConnect plans to hire local talents to grow a product and engineering team who will provide support for clients in Malaysia and have the opportunities to work on its regional projects.

About OneConnect Financial Technology

OneConnect (NYSE: OCFT) is a leading technology-as-a-service platform for financial institutions. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

Annex: Chinese Glossary

English

Chinese

Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology 

陈敏如, 东南亚首席执行官, 金融壹账通

Yao Jing, Head of Strategy and Business Development (Singapore and Malaysia), OneConnect Financial Technology

姚惊, 战略兼业务拓展总经理 (新加坡与马来西亚地区), 金融壹账通

Dato’ Ng Wan Peng, Chief Operating Officer, Malaysia Digital Economy Corporation

拿督黄婉冰, 首席运营官,马来西亚数字经济发展局