Bank of Communications Trustee chooses SS&C Geneva® as fund administration partner
WINDSOR, Connecticut, Aug. 4, 2020 — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced the expansion of SS&C Geneva® in China. Bank of Communications Trustee Limited (the "BOCOM Trustee"), a Hong Kong-based trustee subsidiary of Bank of Communications Co., Ltd., selected Geneva, Geneva World Investor, Recon and SS&C’s professional services to assist with their workflows.
BOCOM Trustee has provided fund administration services in Hong Kong for almost 20 years. The firm needed a solution to help diversify its services to a broader range of clients and improve operational efficiency. SS&C’s solutions stood out with intuitive user interfaces, strong investor accounting, private equity fund support and automated reconciliation processes.
"The SS&C solution suite has superior functionality to improve our efficiency across the board, integrate with our third-party systems and meet the diversified requirements of our funds," said Stephen Yeung, Chief Executive at BOCOM Trustee. "We can rely on SS&C as a reputable brand with a strong local presence and a robust support model."
"We are pleased that BOCOM Trustee chose SS&C Advent as their fund administration partner," said Mats Berggren, Vice President EMEA & APAC, SS&C Advent. "We have built a strong product, implementation and sales team in Greater China over the years. We are deeply committed to our localization strategy and to providing the best support, so our clients can focus on growing their businesses with us."
The Asia operation of SS&C Technologies has more than 300 staffers dedicated to the SS&C Geneva support, product development and implementation.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
World’s fastest-growing brand licensing solution celebrates London office, new clients
LONDON, Aug. 3, 2020 — Leading licensing relationship management technology platform, Flowhaven, has announced a new office in London and the expansion of its U.K. client roster. The new office brings Flowhaven closer to its clients in the region and is the latest achievement in a year of rapid company growth.
Built on Salesforce, the world’s #1 CRM, Flowhaven provides a centralized, end-to-end solution that helps companies manage and scale their brand licensing programs.
In January, Flowhaven expanded beyond its Helsinki headquarters with an office in Los Angeles. The move cemented the company’s status as a key player in the licensing industry’s digital evolution. The new London office will seat Jeremy Robinson, head of sales, EMEA, and his powerhouse team.
"The UK is Europe’s largest licensing market. The country is home to the international offices of most US brands and has a vast number of domestic brands that continue to grow and perform extremely well," says Kalle Torma, CEO and founder.
"The continued growth we are seeing in our client base made the decision to open a standalone office in the UK an easy choice," says Jeremy Robinson. "From there I am perfectly placed to be able to work alongside the UK team and customers, as well as liaise with and travel to colleagues and prospects in other locations. The rapid pace of development we are seeing in our customer base and system capabilities are a fantastic combination and I am very excited by the discussions we are having, and the continued future development for Flowhaven"
Recent customer signing Games Workshop Group PLC joins a growing number of clients in the U.K. including Full Colour Black, whose portfolio includes Banksy street art; Lisle Licensing, who represents Tetris, Masha and the Bear, 44 Cats; Licensing Link Europe whose clients include Build-A-Bear Workshop, Van Gogh Museum as well as Pantone and; more.
At the end of last year, Flowhaven closed a $5.2 million (€4.75 million) seed round of financing. Global Founders Capital led the investment round with participation from existing investors including Icebreaker.vc. Following the round, Flowhaven entered a portfolio of investments that includes Facebook, Slack, Trivago, Canva, Eventbrite, and more. The company has also grown to more than 30 team members across its permanent and satellite locations, tripling in size year over year.
SINGAPORE, July 30, 2020 — The unexpected pandemic has brought many uncertainties to the global economy. But there is still one thing for sure: backed by various technologies including 5G, AI and IoT, the world is witnessing accelerated global digitalization, with cloud being a key support. From telecommuting and online education to telemedicine, social network and entertainment, even to online graduation exhibition and online court, it seems that everything can be done “on the cloud”. Kingsoft Cloud (NASDAQ: KC), as a leading cloud service provider in the world, has set up energy-saving data centers and operating branches in the United States, Russia, Singapore, etc. And the headquarters of Southeast Asia operations were set in Singapore.
Singapore, the fourth largest financial center in the world which sits in an important geographical position in Asia-Pacific, shows great potential demands for cloud services. The outbreak of COVID-19 this year has accelerated the digitalization of enterprises in Singapore to a large extent, prompting an earlier rise of cloud computing, a key role in the future market.
Kingsoft Cloud (NASDAQ: KC), a leading cloud service provider in the world
Kingsoft Cloud has inherited the “enterprise service DNA” from Kingsoft Group, the widely trusted leading software franchise in China, and has established superior enterprise service capabilities. Kingsoft Cloud stays at the forefront of cloud technology development, making extensive technical accumulation in big data, cloud computing, AI, IoT, and other areas. On that basis, Kingsoft Cloud offers cutting-edge technologies as well as convenient, efficient and customized services around the clock for Chinese enterprises going global, local enterprises in Singapore and other reginal enterprises in the Asia-Pacific region.
Currently, Kingsoft Cloud has provided over 120 solutions for multiple industries including video, gaming, education, finance and real estate , which have been highly recognized by its clients and partners.
So as an early player in video cloud and AI, what makes Kingsoft Cloud stand out?
First of all, in terms of video cloud, Kingsoft Cloud has followed the strategy of “Edge-based, AI-empowered”, aiming to offer immersive video cloud experience and tailored edge computing services. This year, Kingsoft Cloud launched its flagship 8K+VR livestreaming commercial solution and image quality evaluation platform — Kingsoft Cloud Quality of Experience.
With a well-established distribution platform and advanced live-streaming technology, the 8K+VR integrated solution of Kingsoft Cloud offers multiple features including VR video collection, editing, encoding, packing, storage, distributing and broadcasting. By combining AV1+ smart high definition and other self-developed technologies, Kingsoft Cloud can effectively reduce the bit rate while remaining the quality of image, therefore cutting the bandwidth costs.
This June, Kingsoft Cloud released the Kingsoft Cloud Quality of Experience (KQoE) to help clients evaluate the quality of image and video solutions. This platform simulates actual viewing experience and provides comprehensive reports and data analyses with the support of experts, so as to help clients evaluate the quality of image better and faster. Now, the platform has been implemented and well-received by our clients.
When it comes to edge computing, Kingsoft Cloud’s KENC applies advanced container architecture, catering to cloud-native computing, to further optimize transmission efficiency and computing capacity of edge network. On top of that, edge computing and AIoT can be integrated to build the edge computing that is closer to users through smart habitation.
Furthermore, in terms of education cloud, during the pandemic, Kingsoft Cloud has launched an all-round online-learning solution. Built on RTC framework, the algorithm has been optimized to realize low latency. The solution addresses issues like fast expansion, high concurrency, student-teacher real-time interaction and teaching evaluation, making sure that online teaching activities go smoothly.
The concept of “smart campus” has gained much attention recently. Besides the smart educational administration system, security system and big data system, Kingsoft Cloud has launched the AI development platform KPL for colleges and universities. The data, algorithm, and computing power can be managed and allocated in a uniform manner to establish a sound development and software stack, enabling large-scale distributed training, automatic modeling, etc. This platform can satisfy resources demands of different levels, helping colleges and universities to improve the utilization of computing resources and AI development efficiency. Ultimately, smooth, stable, and reliable operations of the system can be realized.
At last, when it comes to AIoT, mainstream systems such as Smart Home and property management are usually separated. To deal with interconnectivity issues and isolated data island, Kingsoft Cloud’s integrated smart community solution provides a unified software and hardware control interface, data interface and uniform user access, leveraging by Cloud+AI+IoT+BigData and other technologies. Based on “three terminals and one platform” (terminals of users, projects, and enterprises, and the platform of smart habitation services), Kingsoft Cloud’s integrated smart community solution features interconnected indoor and outdoor scenarios and efficient property management abilities, which are the key value of a smart community.
Currently, Kingsoft Cloud runs business around the globe, and larger global partnership has been written in its long-term strategy. Entering the Singapore market, Kingsoft Cloud will join hands with its partners to support Singapore’s Smart Nation Initiative, leveraging its cutting-edge technologies and rich experience in cloud services.
Client Growth and Technological Innovation Accelerate Geographical Expansion
DALLAS and SINGAPORE, July 29, 2020 — iiPay, a market-leader in providing global payroll solutions to multi-national corporations, released details of the new office opening earlier this year in Singapore. Singapore serves as the hub for the Asia Pacific operations and represents an exciting juncture of continued growth and investment in supporting global clients through service excellence and market leading technical innovation. iiPay continues to grow and partner with its existing clients while adding new clients at a rapid pace. This focus on client service excellence and innovation has resulted in an average revenue growth rate exceeding fifty percent for the last three years. The Singapore office launch follows the previously announced launch of its Budapest Hungary hub earlier this year.
According to Absolute Reports, a research report company, the global Payroll and HR Software market is anticipated to rise at a considerable rate, during the forecast period, between 2020 and 2026. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Clients in the fast-growing Asia Pacific region need increased payroll visibility and global reporting combined with compliance and accurate payroll delivery.
“iiPay’s investment in the Asia Pac region represents a commitment to serve clients in an exciting growth market with tremendous opportunities to reduce complexities, ensure compliance, and provide a standardized approach to global payroll,” stated Curtis Holmes, Chief Operating Officer, iiPay. “Our clients expect operational excellence in their currencies, local language, and time zone while respecting cultural norms. We expect to be our clients trusted payroll partner around the globe as they expand their business.”
iiPay provides a truly global payroll solution, with a single technology platform to underpin day-to-day service delivery and enable effective compliance management, payment disbursements, data analytics and a single, standardized, Employee Self-Service experience across the globe.
About iiPay: iiPay is a service-focused global payroll provider, driven by their innovative cloud-based technology. iiPay’s technology solution empowers Payroll, HR and Finance professionals through advanced data management, analytics and business intelligence functionality, enabling the user to access and report on any global data at any time. Focused on outcomes, iiPay reduces complexity, centralizes and simplifies multi-country payroll processes, and ensures compliance in every country for their clients. iiPay are focused on being more than a payroll vendor; instead, they strive to be a true partner and an extension of their client’s payroll team, rather than an external provider. iiPay currently provide fully managed global payroll services in more than 170 countries. iiPay’s relentless focus on service and software enhancements and the continued expansion of their footprint reflects the vision of the company to simplify global payroll and the ambition to ‘Pay the Planet’.
Despite a global pandemic and business slow-downs, Exadel continues to thrive and grow based on its distributed Agile engineering and development model
WALNUT CREEK, California, July 22, 2020 — Exadel (www.exadel.com), an enterprise software development company, today announced strong momentum in the second quarter of 2020, including increased sales, the addition of new clients, several new projects and the expansion of its C-level team with two senior level appointments. The company’s achievements are particularly noteworthy in the midst of the worldwide COVID-19 pandemic. The distributed Agile development model Exadel employs is central to its ability to withstand economic challenges as it helps clients realize digital transformation across the globe.
Specifically, in the second quarter, Exadel:
Maintained its growth projections for 2020
Increased repeat business from existing clients
Leveraged additional projects via distributed Agile development
Deepened its senior management bench strength with new positions of Chief Operating Officer and Chief Delivery Officer
"Exadel has always had a distributed Agile development approach to help clients achieve success," explained Fima Katz, CEO of Exadel. "We have teams across the globe who have been working in a distributed manner since the formation of the company. While other companies are struggling to adjust quickly to a remote workplace reality, Exadel provides the infrastructure, resources, technology and talent needed to easily adapt and thrive despite great disruptions such as COVID-19.
Exadel has locations across three continents. Its team of highly specialized software engineers has helped numerous high profile brands and enterprise organizations – many Fortune 500 entities – build and deliver everything from custom software projects to complete product platforms from the ground up.
In addition to impressive results for the second quarter, the company also announced the addition of two new positions and members of its senior management team. Elena Krukovskaya has been promoted to Chief Operations Officer (COO), and Alexey Girzhadovich assumes the role of Chief Delivery Officer (CDO).
Krukovskaya began working at Exadel in 2008 as a human resources manager where she established Exadel’s policies around people, operations and processes. As COO, Krukovskaya will be responsible for managing Exadel’s global operations to meet business goals and objectives.
Girzhadovich is an accomplished leader and previously served in multiple roles at Exadel. He brings a lengthy track record of working with high-growth software companies. As Chief Delivery Officer, Girzhadovich will implement a coherent project delivery strategy with a focus on teams, processes, efficiency and profitability.
"Achieving success during these challenging times is a testament to Exadel’s ability to deliver exceptional software engineering services that help our clients realize their business goals," said Katz. "Exadel has a winning formula and we look forward to continued growth in the future."
Tweet this: .@exadel announces continued growth with new clientele and an expanded executive team, despite the challenges of #COVID19 #digitaltransformation
Exadel is an enterprise software development company supporting organizations at all stages of their digital transformation journey. We help companies redefine the way they do business by developing core digital solutions, software products and platforms, and helping them transition to the cloud. Exadel is a leader in distributed Agile development, leveraging resources globally for continuous delivery, even during times of great disruption. Headquartered in Silicon Valley, Exadel has more than 1,000 engineers in 23 offices across the USA, Europe and Asia. We produce a variety of original products, frameworks, platforms and solutions for high profile brands across many industries—from media and publishing, finance, retail and e-commerce, to healthcare, wellness, high tech and transportation. Learn more at exadel.com
Entering the Indian character market of 1.4 billion in earnest, broadcasting self-produced animation ‘Cricket Pang’ to Indian TV channels and OTT channels, and pushing its mobile game business by the end of the year
Animation creator, You Need Character, pushes for a mobile game business utilizing IP from ‘Cricket Pang’, targeting the Indian market
SEOUNGNAM, South Korea, July 17, 2020 — You Need Character (CEO Minsoo Song), a company in the ICT-Culture Convergence Center operated by the Ministry of Science and ICT and National IT Industry Promotion Agency, has revealed that they are pushing their mobile game business in earnest on the 7th.
You Need Character Enters the Indian Character IP Market Pushing Mobile Game Business with ‘Cricket Pang’
Targeting the Indian market with a population of 1.4 billion, You Need Character is in the process of finalizing negotiations with local Indian media owners, ahead of the broadcasting of ‘Cricket Pang’, a self-produced TV animation, on Indian TV and OTT channels by the end of this year.
As such, they are utilizing the character IP from ‘Cricket Pang’ to prepare various character products, and notably, they are planning to launch a number of educational apps targeting the younger audience, as well as casual mobile games on the Indian mobile app market around the time of broadcasting towards the end of the year.
In particular, in addition to self-produced educational mobile apps, they are currently in talks with Korean game companies with aims to launch a number of mobile games utilizing the character IP from ‘Cricket Pang’ by the end of this year, and they are expecting various cooperative solutions with many mobile game companies.
Minsoo Song, CEO of You Need Character, said, “Utilizing animations and character IP, Cricket Pang animation is preparing to launch toys and publications based on the date of broadcast towards the end of the year, and will be the first in Korea to enter the Indian media market in earnest. The mobile game sector in particular, has a high demand and is a large and well-developed business sector in the Indian market. As such, we always welcome proposals from Korean mobile game developers that have the drive and capacity to enter the Indian mobile game market utilizing IP from ‘Cricket Pang’, in addition to our self-developed mobile apps.”
You Need Character is set to broadcast ‘Cricket Pang‘ on Indian TV and OTT channels on this coming November, recently having opened a ‘Cricket Pang‘ channel on Instagram and Facebook for pre-promotion and updating their contents. They revealed that they are planning to launch a variety of character licensing businesses, educational AR teaching aid series, educational mobile apps, and casual games utilizing ‘Cricket Pang‘ characters after broadcasting ‘Cricket Pang‘ on local Indian TV.
OpenRAN is Set to Enable Connectivity and Bridge the Digital Divide
NASHUA, New Hampshire, July 16, 2020 — Parallel Wireless, Inc., the leading U.S.-based OpenRAN company delivering the world’s first software-defined end-to-end 5G 4G 3G 2G Open RAN solutions, today announced that, in partnership with i engineering Group, they have been selected by Orange within an overall multi-country program to extend the current coverage and to expand their current 700,000 subscriber base across the Central African Republic as the first deployment. In Africa, Orange is implementing a program called IDEAL: Include Digital in Every African Life. This program aims to provide digital services to their customers who do not have any connectivity today.
Orange, one of the largest operators of mobile and internet services in Europe and Africa and a global leader in corporate telecommunication services, is the most recent company to join the Central African Republic telecom market, which is comprised of four operators. Central African Republic is a digitally divided country with only 48% unique mobile connections and limited network infrastructure. Traditional 2G, 3G or 4G networks require expensive and bulky equipment to deploy and operate. These hardware-based networks are difficult and pricey to upgrade.
Parallel Wireless enables a shift to open, software-based, and virtualized OpenRAN network architectures to deliver scalable 2G, 3G, 4G and 5G software-based networks. These are cost-effective to deploy, maintain and can deliver the coverage and capacity to the end users and businesses across the country. The Parallel Wireless OpenRAN has shown a very strong performance, quality of service and cost benefits on six continents with:
The most mature OpenRAN ecosystem of radio hardware that is software upgradable to any G and can support any 3GPP compliant RAN splits.
COTS-based vBBU to deliver scalable capacity for differentiated voice and data.
GLOMO award winning OpenRAN Controller software to lower the cost of RAN through simplification, automation via real-time SON, and full virtualization of networks. It also provides seamless mobility, local breakout, and low latency for the best subscriber experience for 2G voice and 3G/4G data. The software enables OpenRAN architecture and DU/CU split by using standards-based and open interfaces between network components. It also simplifies network management and integration of new RAN products into the core of the network.
Orange’s strategic goal is to build and grow wireless networks across Africa, and to provide next-generation digital services to its customers in the region. Working in partnership with Parallel Wireless and i engineering Group, Orange will meet that goal by:
Building a world-class, cloud-based, 5G-ready Open RAN network based on Parallel Wireless high-performance, distributed architecture;
Improving service agility and reducing operational costs across geographically distributed sites, with the introduction of RAN automation;
Utilizing i engineering Group expertise in building and managing cell sites.
Supporting quotes
Hervé Suquet, CTIO, Orange Middle East & Africa, said: “Through our IDEAL program (Include Digital in Every African Life), at Orange, we provide reliable connectivity to our customers, backed by our innovative infrastructure. The combination of RAN openness and virtualization, automation and new revenue-generating opportunities will enable Orange to lead the market to meet the needs of our customers most effectively in Central African Republic. Indeed, thanks to this technology, Orange RCA will provide to rural populations the full range of services (voice, data and Orange Money), already provided in urban areas. Being able to run 2G and 3G on the same system today and, as our customers upgrade their devices to 4G in the future, seamlessly upgrade to 4G will help us not only extend our initial investment, but also bring new services much faster. Parallel Wireless is a well-known Open RAN player, and together with the deployment and managed services expertise from i engineering Group, they have become true strategic partners and the key enablers in us undertaking this unique network modernization.”
Kadri Hakim, Co-CEO, i engineering Group, said, “Innovation is a very important aspect for our business moving forward as we aim to develop innovative solutions for our customers. The focus of our cooperation with Parallel Wireless is to help to deliver on Orange’s vision of connecting businesses and people by using Parallel Wireless’s leading OpenRAN technology to allow everyone to enjoy wireless connectivity while future-proofing network investments for any forthcoming services.”
Bernard Lamy, Sales Director, Parallel Wireless, said, “Implementing our world’s leading Open RAN platform will allow Orange to enable new subscriber services to be deployed quickly, seamlessly and more reliably.”
About Parallel Wireless
Parallel Wireless is the only U.S.-based company challenging the world’s legacy vendors with the industry’s only unified ALL G (5G/4G/3G/2G) software-enabled OpenRAN solution. Its cloud-native network software reimagines network economics for global mobile operators in both coverage and capacity deployments, while also paving the way to 5G. The company is engaged with 50+ leading operators worldwide. Parallel Wireless’s innovation and excellence in multi-technology, open virtualized RAN solutions have been recognized with 72+ industry awards. For more information, visit: www.parallelwireless.com. Connect with Parallel Wireless on LinkedIn and Twitter.
About i engineering Group
Established in 2007, i engineering Group is a leading provider of end-to-end solutions in infrastructure and managed services in Africa and Emerging Markets. Initially expert in telecom and power infrastructure, we have grown rapidly since our inception reach 17 operations and have successfully diversified in Public Construction Infrastructure, Fiber Optic & Data Centers.
The Group’s efficient approach coupled with the application of a rigorous quality management system has earned it a large portfolio of internationally renowned clients as well as numerous industry accreditations.
With local expertise and international reach, we provide cost effective and innovative solutions that allow our clients to reach their business goals. For more information, visit: https://www.ieng-group.com/
About Orange
Orange is one of the world’s leading telecommunications operators with sales of 42 billion euros in 2019 and 145,000 employees worldwide at 31 March 2020, including 85,000 employees in France. The Group has a total customer base of 253 million customers worldwide at 31 March 2020, including 208 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new “Engage 2025” strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
LISHUI, China, July 7, 2020 — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced it has been expanding the use of online and cloud-based sales and marketing platforms to drive growth in sales of its Shiitake mushrooms, Mu Er mushrooms, other edible fungi and agricultural products. The Company has attended various online fairs and sales events, such as the Cloud Canton Fair (the Canton Fair held online), the Cloud Live Sales Event held by the Economic and Commercial Bureau of Liandu District, Liandu District Fusion Media Center, and Liandu District Market Supervision Administration, and the 2020 Online Export Agricultural Products Fair held by the Zhejiang Export Agricultural Products Virtual Expo (Global Station). Farmmi also joined the government’s procurement cloud computing service platform The Company’s increased focus on strategically using online marketing tools and platforms is helping to drive sales with new customers and has resulted in multiple additional repeat orders in China, the U.S. and Israel, and other markets worldwide.
Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “With the onset of the global COVID-19 pandemic, we quickly prioritized the health and safety of our employees and customers. Temporary business shut-downs, social distancing and the implementation of broader safety measures made traditional marketing based on large gatherings no longer practical. From there we made the strategic decision to upgrade and accelerate our use of digital technology and platforms, and our online and cloud-based sales and marketing efforts. Farmmi has fully embraced and supported the move online for important events like the newly renamed Cloud Canton Fair and the 2020 Online Export Agricultural Products Fair. These sales and marketing platforms are helping us to move additional products online, find new markets, develop new business opportunities, and inject new momentum to further promote the digital transformation of enterprises.”
Ms. Zhang continued, “We are working to take advantage of online trading, broaden online cooperation channels and increase sales, as we leverage our online, cloud and digital programs to transfer sales channels online through limited promotions, while implementing group purchase discounts and other online marketing programs, ranging from webcasts to intuitive 3D product presentations. We view this as a major driver of future economic growth. We are encouraged by the positive, broad customer support for the new technologies and Cloud-based apps, which allow the customers to communicate and make purchases more efficiently and conveniently, while enhancing their overall buying experience. Over the long-term, we remain committed to maintaining an integrated online and offline presence, innovating our business model, and achieving our fully upgraded digital transformation, as we build value for the Company and shareholders.”
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company’s Farmmi Liangpin Market serves as a global trading platform for Chinese geographical indication agricultural products and is one of the largest platforms for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
AUSTIN, Texas, July 7, 2020 — The Open Compute Project Foundation (OCP) announced today that Singapore-based data center provider SpaceDC Pte Ltd has achieved OCP Ready™ certification for their new data center in Jakarta, Indonesia. This is the first data center in Asia to receive this OCP certification and demonstrates the growing awareness of creating highly efficient facilities designed for the new wave of open infrastructure deployments.
SpaceDC‘s Jakarta facility has met guidelines created by the OCP Data Center Facility Project Team, and serves as a reference for data center operators and tenants who want to understand the fundamental facility requirements to deploy OCP hardware into their IT space. Facilities that meet the OCP Ready™ requirements and approved by the OCP Data Center Facilities Project receive the certification as an OCP Ready™ facility.
Along with the facility, SpaceDC Pte Ltd has achieved ColoSolution Provider status, which is a specific designation for members who are part of the OCP reseller ecosystem. OCP ColoSolution Providers must exhibit strong technical, service and support capabilities to enable scalable deployments of OCP infrastructure.
SpaceDC is committed to lowering the environmental impact of their data centers and they have taken great care in all areas of the data center design. From site selection to modular construction, the energy source that they’ll be using to power the facility and the recycling of waste heat, these are all aspects that will help SpaceDC achieve their mission.
“We’re thrilled to be a part of the OCP community – the same community shared by tech giants such as Google and Facebook. As the first OCP Colo Solution Provider in Asia, this certification certainly affirms SpaceDC‘s mission of being an efficient, reliable and scalable data center platform for businesses looking to expand in the region. By being OCP certified, we’ve distinguished ourselves as a brand whom our customers can depend on for world-class data center solutions,” said Darren Hawkins, CEO of SpaceDC.
“SpaceDC recognizes the capacity for OCP solutions to continue growing and evolving across Asia, resulting in a need for more facilities and operators who understand the needs of enterprise companies looking to adopt more open hardware designs. I would like to congratulate SpaceDC for becoming the first OCP ReadyTM facility in Asia, which is an incredible achievement, ” stated Steve Helvie, Vice President of Channel Development for the Open Compute Project Foundation.
“Throughout the process for JAK2 to be certified as OCP Ready™, their team has demonstrated a deep technical knowledge and understanding of what it means to create an optimised data center facility for hosting OCP IT gear. This new colo facility is a fantastic addition to the growing portfolio of OCP Ready™ data centers and will enable SpaceDC’s OCP customers to take full advantage of the TCO benefits of deploying OCP technology” stated Mark Dansie, a key member of the OCP DC Facilities Project Team and leader of the OCP Ready™ program
SpaceDC’s OCP Ready™ facility is now listed on the OCP Marketplace.
About the Open Compute Project Foundation The Open Compute Project Foundation (OCP) was initiated in 2011 with a mission to apply the benefits of open source and open collaboration to hardware and rapidly increase the pace of innovation in, near and around the data center’s networking equipment, general purpose and GPU servers, storage devices and appliances, and scalable rack designs. OCP’s collaboration model is being applied beyond the data center, helping to advance the telecom industry & EDGE infrastructure.
About SpaceDC SpaceDC is creating state-of-the-art data enters to help businesses grow in Southeast Asia’s fast-moving digital markets. Headquartered in Singapore and backed by the GIC, SpaceDC is applying over 60 years of combined experience to create a network of state-of-the-art data center campuses in Southeast Asia’s key regional cities.
Our campuses are strategically located to tap the cities’ natural resources and maximize accessibility. They feature multiple layers of security, dark fiber connectivity and very low PUEs to ensure your business-critical data is always secure and accessible. We offer a collaborative partnership that enables you to hyperscale on a long-term lease.
SEOUL, South Korea, July 6, 2020 — Riiid, a member company of the Born2Global Centre, could not be coming to America at a better time, as artificial intelligence transforms the global education landscape in 2020.
Riiid Labs CI
Riiid Labs is the global arm of parent company Riiid and has been established in Silicon Valley to build upon Riiid’s success in Asia and to expand its business across the U.S., South America, Middle East and beyond. Riiid is a leading AI edtech start-up based in Korea, which successfully launched Santa for Test of English for International Communication (TOEIC) test prep engine in Korea and Japan and reached No. 1 in sales among education apps in the Android market after only five months. Riiid has been an active member company of the Born2Global Centre since 2016.
Riiid’s proprietary AI technology analyzes student data and content, predicts scores and user behavior, and recommends personalized study plans in real-time to help students optimize their learning potential. Santa for TOEIC users have improved their score by an average of 124 points after just 20 hours of study. Leveraging the success and proven efficacy of Riiid’s AI technology, Riiid Labs will continue to innovate and expand globally across new education verticals and domains.
“Reinforced education using AI is more emphasized now than ever, as the current global pandemic situation dictates we face a new normal,” said Riiid CEO YJ Jang. “I’m thrilled to launch Riiid Labs in the U.S. at this appropriate time and confident to see the strength and capability of our U.S. leadership team. We look forward to establishing a significant global footprint and bringing disruptive changes to the global education market.”
“Riiid has successfully verified the advancement of our proprietary AI-ed technology and proved its marketability,” Jang said. “I’m confident we can continue, and surpass, our own success story while bringing highly efficient learning solutions to everyone and lead in making fundamental changes to the education market.”
“We’re a leader in AI test prep throughout Asia, giving us a massive advantage in localizing to the cultural needs for the U.S. market,” says Rob Barrett, Riiid Labs Chief Innovation Officer. “We’re not starting from scratch; we’re using our deep AI understanding to address and solve problems to best serve the market with maximum positive impact on students.”
Riiid Labs partners with leaders in education to re-imagine the old ways of approaching learners. The company’s speciality is preparing students for tests like SAT and ACT with its own proprietary tech. Riiid Labs has hired top-tier talent in the U.S. for both its education and tech sectors.
“AI will make the biggest impact in education,” says David Yi, who comes to Riiid Labs as CEO after heading business development in Asia for U.S. standard test provider ACT. “We’re talking not just financial impact, but more importantly, life impact for the well-being and future of humanity.”
Riiid Labs extends the mission of Riiid, which launched Santa for TOEIC in 2017. It’s the world’s first commercialized AI tutor solution, based on a deep-learning algorithm garnering more than a million users in Korea alone. It aims to replace textbooks and augment traditional lectures with personalized help from its AI engine.
Riiid Labs (www.riiidlabs.ai), based out of Silicon Valley, is the global arm of parent company Riiid, a leading AI solutions provider delivering creative disruption to the education market through its cutting-edge technology. The company aims to empower global education players to rethink the traditional ways of learning via extending Riiid’s AI competency.
With a strong belief in equal opportunity in education, Riiid (www.riiid.co/en/main) launched Santa for TOEIC in 2017, the firm’s first commercialized AI tutor solution based on deep-learning algorithm, attracting more than a million users in South Korea. Riiid’s AI tutor solution replaces textbooks and traditional lectures with a personalized AI tutor outpacing human tutors at a fraction of the cost. Based on highly scalable and proven AI technology, Riiid is aggressively expanding its business to new test areas and geographical markets. It currently operates Santa for TOEIC in Korea and Japan and has launched Santa SAT in Vietnam.
About Born2Global Centre
Born2Global Centre (www.born2global.com) is a full-cycle service platform for global expansion. Since inception in 2013, Born2Global has been setting the standard for successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and be connected with the global market.
