Tag Archives: CXP

PR Newswire

TDK Ventures expands into Europe; will use new $150-million Fund EX1 to invest in clean-tech startups

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  • TDK Ventures selected London for its first European office
  • New $150-million (USD) multi limited-partner Fund EX1 (EX = energy transformation) will focus on both European and North American-based electrification and decarbonization startups
  • TDK Ventures’ mission and values to invest in climate tech startups align with Europe’s ambitious goals to reduce greenhouse gas emissions by 50% and reach net-zero emissions by 2050

SAN JOSE, Calif., June 19, 2023 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc., its corporate venture capital arm, is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million (USD) multi-LP Fund EX1. The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages.

After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city’s overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets. 

“TDK Ventures has earned a reputation for successfully investing in and supporting highly innovative startups featuring incredible disruptive technologies in the realm of electrification and decarbonization,” stated Lord Dominic Johnson, UK Minister of State in the Department for Business and Trade, who is a veteran of over 25 years in the financial-services industry. “I wish them much success in their efforts in combatting the many climate issues that face us. I am thoroughly delighted London was chosen as the site for their first European office and I look forward to their participation in the European market and enthusiastically welcome them to the city of London.”

“Globally, London ranks third in climate-tech funding, and third in the number of climate and energy-tech investors,” explained Nicolas Sauvage, President, TDK Ventures. “The latter ranking rises to No. 2 in the world when all of the UK is included. It also has corporate-friendly governance as well as familiar taxation, board structures, and a legal environment for venture-backed startups to find appropriate exits. This, coupled with the presence of many large-scale, late-stage, and growth-equity funds led us to decide on London as our first outpost in Europe.”

Sauvage continued that “TDK Ventures is very thankful for and appreciative of the strong support we have received from the Venture Capital Unit of the UK Government Department for Business and Trade over recent years.” 

The recent breakthroughs in materials science and advanced manufacturing in the European Union have created a watershed era for electrification and decarbonization projects. TDK Ventures has a history of helping entrepreneurial organizations in this space access the resources they need to scale production and commercialize their products as key components of global carbon neutrality.

“I am delighted that TDK Ventures has chosen London as the site of its first European office,” said Natalie Black, His Majesty’s Trade Commissioner for Asia Pacific. “Including UK companies as potential recipients in its new $150-million Fund EX1 is a testament to the strength of the UK’s tech sector, which raised $31.1 billion in VC funding last year, making the UK the third largest market in the world for tech investment. I look forward to seeing TDK Ventures thrive in the UK in supporting our efforts to tackle climate change.”

To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at contact@tdk-ventures.com. 

About TDK Corporate

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.

About TDK Ventures

TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com.

You can download this text and associated images from http://www.tdk-ventures.com/tdk-ventures-expands-into-Europe-will-use-new-150-million-Fund-EX1-to-invest-in-clean-tech-startups/

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PR Newswire

Slenergy’s All-In-One Residential Solution Thrives in the Booming European Solar Market

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MUNICH, June 9, 2023 /PRNewswire/ — The solar industry is experiencing an unprecedented boom in Europe, with a rapid increase in solar energy installations in recent years. The European Union witnessed a significant increase in solar power capacity installed in 2022, with 41.4GW added, up 47% from the 28.1GW installed in 2021, according to a report by industry association SolarPower Europe.

Slenergy's iShare-Home standard kit
Slenergy’s iShare-Home standard kit

Seizing the opportunity presented by the thriving market, Slenergy unveiled its latest innovation, the iShare-Home all-in-one residential solar energy solution, at a prestigious Brand and New Product release event in Munich, Germany on May 31. The new line offers system capacities ranging from 4-15 kW and includes a hybrid inverter, energy storage, a cable set, and smart monitoring system that tracks data in real-time and can be remotely upgraded via a cloud platform.

The iShare-Home system distinguishes itself with standardized system and modular product design, simplified installation process and smart energy management system, attracting considerable attention in both the European and global markets.

By adopting a standardized Bill of Materials (BOM) that includes all system components, Slenergy eliminates the need for clients to spend time designing, searching, and matching various parts. The smart energy management system integrated into iShare-Home solution empowers households to monitor power generation and consumption data while providing tailored energy management suggestions based on their energy usage patterns. This not only reduces household energy costs but also improves overall energy consumption efficiency.

Moreover, Slenergy’s system boasts preassembled mounting structures, prefabricated cable connectors, and stackable battery storage, making on-site connections fast and convenient. This streamlined installation process results in great cost savings, with installation costs being reduced by up to 20% for a 5 kW/10 kWh residential solar system.

Slenergy places a strong emphasis on quality assurance, ensuring that its products meet rigorous EN, IEC and ISO safety certifications. The company, adhering strictly to precision manufacturing standards, has implemented a visualization system for its entire intelligent manufacturing process, enabling clients to track core parts information of the system. To further support customers, Slenergy provides local service teams, offering end-users peace of mind.

Committed to creating a more sustainable new energy industry, Slenergy will showcase its comprehensive product portfolio at booth B3.370 from June 14 to 16 during Intersolar Europe, demonstrating its dedication to innovation and customer satisfaction.

PR Newswire

ABPCyber Unveils Cutting-Edge Cyber Fusion Centre, Ushering in a New Era of Cybersecurity Excellence and Global Expansion

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SINGAPORE, May 30, 2023 /PRNewswire/ — ABPCyber, the premier cybersecurity service provider in Southeast Asia and subsidiary of ABPGroup, announced the inauguration of its state-of-the-art Cyber Fusion Centre. This momentous event not only represents a significant milestone in the company’s unwavering commitment to innovation and growth, but also sets the stage for global expansion in delivering exceptional cybersecurity services.

The management team of ABPGroup officiated the opening of the Cyber Fusion Centre
The management team of ABPGroup officiated the opening of the Cyber Fusion Centre

The Cyber Fusion Centre stands as an emblem of technological advancement, harnessing the latest tools, techniques, and expertise to deliver comprehensive cybersecurity services across diverse market segments, including sectors such as finance, utilities, healthcare, education, transportation, telecommunications, government, and large enterprises.

Distinguished by its multi-dimensional approach, the Cyber Fusion Centre surpasses conventional security operation centres by seamlessly integrating 24/7 security operations, advanced threat detection, in-depth investigation and response capabilities, robust vulnerability management, security controls validation, proactive threat hunting, and security automation. This fusion of capabilities equips organisations with an unparalleled defense against sophisticated cyber threats, ensuring uninterrupted operations and safeguarding valuable digital assets.

Daphne Ho, COO of ABPCyber, highlighted the company’s dedication to continued innovation in driving forward-thinking cybersecurity solutions. “The Cyber Fusion Centre represents the culmination of our relentless efforts to deliver exceptional cybersecurity services while propelling market growth. We are immensely proud of this achievement, as it not only solidifies our presence in Singapore and Asia but also paves the way for our global expansion under the umbrella of ABPGroup.”

The inauguration ceremony, graced by distinguished members of ABPGroup’s esteemed management team, served as a testament to this momentous occasion and provided a platform to showcase the Fusion Centre’s sophisticated infrastructure, underscoring its pivotal role in shaping the future of cybersecurity on a global scale.

About ABPCyber

ABPCyber is a premier cybersecurity service provider in Southeast Asia, founded in 2013 with a strong focus on safeguarding critical infrastructures. With tailored solutions catering to diverse sectors including finance, utilities, healthcare, education, transportation, telecommunications, and government, ABPCyber delivers comprehensive end-to-end services encompassing pre-sales consultation, implementation, proactive security monitoring, rapid incident response, and advisory support. Combining cutting-edge technologies and industry expertise, ABPCyber offers innovative cybersecurity solutions that empower organisations to combat evolving threats and achieve business resilience.

ABPCyber’s remarkable achievements have garnered industry recognition, including the prestigious Enterprise 50 Award, co-organised by The Business Times and KPMG, honouring outstanding contributions to business excellence and growth.

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

PR Newswire

EV Group and Dymek Company Form Joint Venture Company in Malaysia to Enhance Regional Customer Support

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ST. FLORIAN, Austria and HONG KONG, May 23, 2023 /PRNewswire/ — EV Group (EVG), a leading supplier of wafer bonding and lithography equipment for the MEMS, nanotechnology and semiconductor markets, and Dymek Company, an advanced equipment distributor for the semiconductor, biomedical, data storage, photovoltaic and aerospace industries, today announced that they have established a new joint venture company in Malaysia.

The new company, called EV Group Malaysia Dymek Sdn. Bhd., will be charged with managing EVG’s customer support operations in Malaysia. Hermann Waltl, executive sales and customer support director and member of the executive board at EVG, will serve as director of the new joint venture, and Sean Lim from Dymek will serve as managing director of the new joint venture.

EV Group Malaysia Dymek is located at 70-3-31, D’Piazza Mall, Jalan Mahsuri, 11900 Bayan Lepas, Penang, Malaysia.

Working closely with EVG’s headquarters, EV Group Malaysia Dymek will be responsible for numerous key regional customer support activities, including equipment installation, technical service and support, spare parts management and supply, and process development support. The company will be fully operational in July 2023.

“Malaysia has been an important center for semiconductor and microelectronics packaging, test and assembly for several decades. As global investments from leading chip manufacturers and outsourced semiconductor assembly and test companies in the region continue to ramp up, it is vital that EVG strengthen its customer support infrastructure here as well,” stated Hermann Waltl. “Dymek has been a key strategic partner for EVG in several countries in Asia already for many years, and we look forward to partnering with them to enhance our customer support in Malaysia as well.”

“This strategic move by EV Group to establish a more direct presence in Malaysia will be well-received by the semiconductor and microelectronics industries of Southeast Asia. Companies here already recognize EVG as a market and technology leader in semiconductor process equipment, and now knowing they can receive local support from local engineers will only further increase their confidence and trust in EVG,” stated Stanley Lam, managing director, Asia Pacific, at Dymek Company. “We are pleased to be working closely with EVG to grow and enhance their customer support infrastructure in Malaysia and across Southeast Asia.”

See EVG at SEMICON Southeast Asia
EVG is a sponsor and program speaker at SEMICON Southeast Asia, taking place May 23-25 at the Setia SPICE Convention Centre in Penang, Malaysia. Attendees interested in learning more about EVG’s latest developments in heterogeneous integration are welcome to attend the Advanced Packaging Forum on Wednesday, May 24 at 15:00 to see Dr. Thorsten Matthias, regional sales director Asia-Pacific for EVG, present on state of the art and upcoming requirements in wafer-to-wafer and die-to-wafer hybrid bonding.

About Dymek Company
Dymek Company Ltd was established in 1989 and is an advanced equipment distributor to leading manufacturers and innovative R&D facilities in the Aerospace, Biomedical, Semiconductor, Data Storage, and Photovoltaic industries. In the early 2000s, Dymek expanded from our headquarters in Hong Kong throughout Southeast Asia and China in order to meet the diverse needs of our customers. In today’s globalized marketplace, it is standard for our customers to have integrated supply chains that link countries across Asia Pacific, and our expert staff is prepared to meet them wherever they are and connect them with industry-leading equipment from around the world. More information about Dymek is available at www.dymek.com.

About EV Group (EVG)
EV Group (EVG) is a leading supplier of equipment and process solutions for the manufacture of semiconductors, microelectromechanical systems (MEMS), compound semiconductors, power devices and nanotechnology devices. Key products include wafer bonding, thin-wafer processing, lithography/nanoimprint lithography (NIL) and metrology equipment, as well as photoresist coaters, cleaners and inspection systems. Founded in 1980, EV Group services and supports an elaborate network of global customers and partners all over the world. More information about EVG is available at www.EVGroup.com.

Dymek Contact:
Dow Wang
Marketing Manager
Dymek Company Ltd
Tel: +60 4 641 5536
E-mail: marketing@dymek.com

EV Group Contacts:

Clemens Schütte 

David Moreno

Director, Marketing and Communications

Principal

EV Group

Open Sky Communications

Tel: +43 7712 5311 0 

Tel: +1.415.519.3915

E-mail: Marketing@EVGroup.com 

E-mail: dmoreno@openskypr.com 
PR Newswire

Sercomm Philippines Holds Grand Opening of State-of-the-Art and Green Facility in Carmelray Industrial Park 1

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Manufacturing center expansion aims to become regional hub to serve North America and Southeast Asia markets and create 5,000 job opportunities in the Philippines

MANILA, Philippines, May 17, 2023 /PRNewswire/ — Sercomm Philippines, an affiliate of Sercomm Corporation, marked the grand opening of its new and advanced factory center, located in Carmelray Industrial Park 1 in Calamba, Philippines. Department of Trade and Industry (DTI) and Philippine Economic Zone Authority (PEZA) government officials and academic leaders were on hand for Factory Phase I opening ceremony. 

Sercomm Philippines Grand Opening
Sercomm Philippines Grand Opening

Sercomm Philippines is a world-class professional networking equipment manufacturing site aiming to become Sercomm’s regional hub to serve North America and Southeast Asia markets, providing a one-stop integrated service of R&D design, manufacturing and quality assurance. With a more than 2.5 billion peso investment, the manufacturing center is expected to attract local talent and create job opportunities, with an expected total employment of 5,000 employees. The 20,000 m2 facility, which specializes in wireless telecommunication devices such as 5G and fiber products, is a state-of-the-art, eco-friendly building adhering to the highest energy conservation standards. To cope with growing business, Sercomm also plans to construct Factory Phase II. Once completed, the manufacturing and R&D center will be 48,000 m2, and the total capacity will be further expanded to 40 million units in 2025. 

Sercomm, the parent company of Sercomm Philippines, is a leading global manufacturer of telecoms and broadband equipment. Headquartered in Taipei, Taiwan, Sercomm’s global operations network covers markets in North and Central America, Europe, and the Asia Pacific. Its customer base includes the world’s top service providers, networking OEMs, and system integrators. Sercomm was also recently recognized as “Asia’s overall Best Managed Company” and “Asia’s Best Company in Telecommunications” by FinanceAsia Magazine in 2022.

Department of Trade and Industry (DTI) Secretary Fred Pascual said, “The Philippines has abundant natural resources and a vibrant and tech-savvy talent pool. Among the leading companies in the industry that have chosen to establish manufacturing facilities in the Philippines is Sercomm that is pioneering innovation. We at DTI welcome, with optimism, Sercomm’s establishment of cutting-edge facilities in the Philippines, strengthening the country’s industrial competitiveness and facilitating employment generation.”

“The Philippines’ sufficient talent and geographical location between Eurasia and the Pacific Ocean makes it a suitable design and manufacturing center for North America and Southeast Asia. With the strong support of DTI in its inception, Sercomm chose Philippines to be its strategic regional operation center,” James Wang, Sercomm Group Chairman stated, “The new Sercomm Philippines facility is an eco-friendly green building, where technology is integrated into humanities, and it also reflects the corporate commitment of sustainability.”

The company has also inked a LOI (Letter of Intent) with the Philippine Economic Zone Authority (PEZA). Sercomm Philippines reaffirmed its commitment to invest in the talent incubation and to expand its manufacturing facility and production scale in the economic zone, and PEZA will continuously provide any needed support. With Sercomm’s strong collaboration in bringing the most advanced technologies to ecozones, high-tech industries will diversify PEZA’s investment profile and increasingly raise the value chain.

About Sercomm Corporation

Sercomm Corporation (TWSE: 5388) is a worldwide leading manufacturer of telecom and broadband equipment. Founded in 1992, Sercomm has focused on developing embedded solutions to make networking simple and affordable. With its fully integrated engineering capability and its state-of-the-art manufacturing facility, Sercomm offers comprehensive telecom broadband solutions such as small cells, residential/enterprise gateways, and IoT products, and is now a global leader in the industry. Headquartered in Taipei, Taiwan, Sercomm’s global operation network covers markets in North America, Europe, and the Asia Pacific region. Its customer base includes the world’s top service provider, networking OEM, and system integrators. For more information, please visit www.sercomm.com.

PR Newswire

Prime Enters Denmark with 124-Megawatt Data Center Campus That Delivers a Net-Positive Environmental Impact

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The carbon-neutral campus includes three hyperscale data centers and a district-heating partnership with Saeby Varmeverk

SAEBY, Denmark, Feb. 2, 2023 /PRNewswire/ — Prime, a global provider of hyperscale and wholesale data centers, today announced plans to expand its EMEA footprint to Denmark with a 124-megawatt campus. Located at Energivej in Saeby, Prime Denmark features three hyperscale data centers and will be marketed to international cloud providers, Internet businesses, AI, and the Global Fortune 500. 

A rendering of Prime's 124-megawatt data center campus in Saeby, Denmark.
A rendering of Prime’s 124-megawatt data center campus in Saeby, Denmark.

“Denmark represents a strong growth opportunity for Prime,” commented Nicholas Laag, Founder & CEO of Prime. “The project will provide much-needed capacity as Denmark’s projected data center needs accelerate at a 25% CAGR through 2030. Additionally, this will be Prime’s most sustainable campus developed to date with a unique PUE offering that is neutral, reinforcing the company’s commitment to our customers, ESG, and to building the foundation for global technology advancement.” 

The Saeby campus is designed to achieve the country’s first DGNB Gold certification for sustainability. Waste heat will be recycled and used to provide district heating from Saeby Heat Plant to the local community. SHP returns chilled water to the campus. Prime Denmark will be carbon neutral and powered by 100% renewable energy delivering a net-positive environmental impact. Additional sustainability highlights include biofuel-powered backup generators, environmentally friendly building materials, and a customer option for in-rack cooling that efficiently handles power densities of up to 50 kilowatts per cabinet. This feature is offered through Prime’s partnership with New Nordic Data Cooling ApS. 

“As a non-profit focused on being Denmark’s leader in zero-carbon district heating, we are excited to partner with Prime on this initiative,” stated Trine Saaby, Chairwoman of the Board at Saeby Varmevaerk. “Working together, we can raise awareness of the value of district heating and expand its impact throughout Denmark and beyond.” 

“Working with the local government, Invest in Denmark, the Danish Data Center Association, Saeby Varmeverk, Redbrooks EMEA, NNDC, and other project partners, it is clear why Denmark is rated as the world’s most sustainable country,” commented Michael Wall, Prime’s Senior Vice President of Development and Construction for Europe. “This project will prove that data centers can have net-positive environmental impacts on local communities, a critical capability for industry continuity over the years to come.” 

Visit primedatacenters.com/denmark-data-center/ for more information.  

About Prime 
Prime is a global provider of hyperscale and wholesale data centers. Data-driven organizations such as cloud providers, Internet businesses, and the Global Fortune 500 choose Prime for build-to-suit, powered-shell, and Prime-design data centers that help them advance, defend, and achieve their technology and sustainability objectives. Prime differentiates with risk mitigation, nimble operations for predictable results, and data centers delivered on customer terms such as unique ownership options and dynamic lease structures. At the company’s core, Prime’s mission is to be the go-to infrastructure solutions partner for its customer base. With a roadmap of more than two gigawatts of critical power capacity spread across established and emerging markets, Prime will be where they need to grow next over the long term.

Prime | Data Driven. Follow Prime: primedatacenters.com – LinkedIn – YouTube – Twitter. 

Media Contact: 
JSA 
jsa_prime@jsa.net 

PR Newswire

Web3 experience like never before: Polkadot Hub is opening in Bali

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CANGGU, Bali, Jan. 25, 2023 /PRNewswire/ — The Polkadot Sanctuary in Bali is a brand new event space and co-working hub to increase the presence of the Polkadot ecosystem in Asia/Pacific region, with the weekly hackathons creating a dynamic NFT system to measure contribution and reward individuals. Inspired to bring attention to the ecosystem values, a group of Polkadot Ambassadors decided to make the first Polkadot Hub happen in the region. The chosen location was Bali, a popular digital nomad destination, which presented a great opportunity for Polkadot to enter the region and start building the community. To do this, they plan to organize weekly meetups, hackathons, networking events. There is a high enthusiasm among local developers to learn about Web3, but there is a lack of high quality local meetups and co-working sessions available. Therefore, the group hopes to provide an opportunity for local developers to learn how to build on Substrate and for beginners/non-developers to start their journey in the Polkadot ecosystem/Web3.

Polkadot ambassador, Six (David Pethes) wanted to create not just a co-working space, but something more exclusive.

Hubs are envisioned as a way to bring together local communities, providing education and a place for high net-worth individuals to make moves, build their reputation, and offer stability for those interested in Polkadot. Bali is a great opportunity for a high-quality event series for those who have missed events, and the hope is to catch the best people from the region and digital nomads who are travelling through.

“We plan hackathons every week. People can come to these to learn, they can also join if they have a specific project and want to show it off. We help to do the projects together, learn together, grow together. Of course we also organize meetups. On these AMA-meetings, you can ask anything about Polkadot and the Kusama metaverse. Also, together with the web3 Polkadot community we go on jungle trekking, do water sports, yoga courses, or just watch a movie, talk somewhere. It’s a system and a way of life at the same time. ” – told Six.

The funding comes from Polkadot, and angel investor Crypto CTF has also came in and provided the initial impetus. Ecosystem Partners can also join and anyone can book an appointment on the timetable.

Contact: Fruzsina Lederer
Telegram: @ledererfruzsi
+(36)309141467

Join the community here: https://t.me/PolkadotKusamaBali

Cision View original content:https://www.prnewswire.co.uk/news-releases/web3-experience-like-never-before-polkadot-hub-is-opening-in-bali-301729523.html

PR Newswire

NashTech makes strategic acquisition of North American cloud and data solutions provider, Knoldus

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LONDON, Jan. 13, 2023 /PRNewswire/ — NashTech, the global technology solutions business of Nash Squared, has acquired Knoldus as part of its strategic expansion in North America.

Knoldus is a technology advisory and solutions company with over 300 employees based in Canada, the US, Singapore and two development centres in India. It has a strong reputation across Fortune 500 clients for delivering leading–edge digital solutions around data, cloud and machine learning, as well high-performance real-time data systems.

The acquisition significantly strengthens NashTech’s footprint in the world’s largest technology market and adds important expertise in the fast-growing areas of cloud and data. It extends NashTech’s global development centre capability, which includes hubs in Vietnam, Latin America and now India.

Nick Lonsdale, CEO of NashTech, said: “NashTech is all about creating success and value for our clients and Knoldus’ deep expertise and strong track record in cloud and data solutions takes our offer to a new level. We look forward to welcoming the Knoldus team and clients to NashTech at this very exciting time of growth and development.”

Vikas Hazrati, CEO of Knoldus, shared: “We are excited about joining NashTech. As we continue to build on our achievements over the last ten years, Knoldus coming into the NashTech organisation will enable us to offer clients further capability and capacity to support them on their digital transformation journey to success.”

Cuong Nguyen, MD of NashTech, Vietnam commented: “This represents a step change in how we can help and support our clients in delivering technology solutions. They are the perfect fit for us, and I look forward to working with them.”

Bev White, CEO of Nash Squared, added: “This acquisition represents a very significant step forward in NashTech’s footprint in the important North America market. It forms part of the wider Nash Squared strategy of being a global leader in technology solutions and recruitment, supporting our clients with their digital transformation journey with choice and agility and building on the significant existing strength in Europe. I am delighted to welcome Knoldus into the Nash Squared family.”

Full press release

Media Contact:

Michelle Thomas
Nash Squared
michelle.thomas@nashsquared.com
+44 (0) 20 7333 2677

PR Newswire

Fueled by growth and expansion, SM supports MSME communities

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PASAY CITY, Philippines, Dec. 23, 2022 /PRNewswire/ — SM is looking forward to working with communities especially during tough times to sustain and support growth and recovery.

As SM pursues expansion and growth, it contributes to increasing economic activity and growing business resilience that support hundreds of thousands of micro, small and medium enterprises (MSMEs). These MSMEs make up 99.5% total business enterprises in the Philippines and generate over 5.3 million jobs or 62.7% of the country’s total employment.

“As we expand, we are mindful about how this brings meaningful support to communities,” SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio said.

SM acts as a marketplace to over 90,000 MSMEs partners, playing the big brother role and helping them navigate mainstream retailing. SM’s retail stores serve as platforms to offer their products, master their entrepreneurial skills and grow their businesses. SM also provides holistic support through marketing advice, financial access as well as promotion and advertising.

During the pandemic, SM waived rental fees to support the business continuity of MSME partners. SM Supermalls’ Start-Up Market program in high-traffic malls also helps budding online entrepreneurs to put up kiosks in SM malls without the burden of costly rental fees and construction costs.

Through the Farmers’ Produce Markets, a joint project of SM Supermalls, the Department of Agriculture and Resto PH, an association of restaurants in the Philippines, SM helped bring local farmers closer to SM customers and allowed restaurateurs to access fresh vegetables especially during the pandemic disruptions to the supply chain that left farmers and local food establishments with very limited options where to sell their products.

Through BDO Network Bank, SM provided MSMEs and the beneficiaries of Overseas Filipinos with businesses key access to funds. The MSME Kabuhayan Loan is designed to assist small business owners in need of extra funding to increase their inventory of stocks, purchase business equipment and assets, or pursue expansion plans.

With the pandemic displacing the livelihood of many Filipinos, a number of them have become social entrepreneurs selling products online. 2GO Express, which is part of SM’s logistics business, provided them crucial support through solutions that connected sellers and buyers through pickup and delivery services across the Philippines. The company also partnered with FedEx Express, allowing Filipinos to ship their products to various international locations.

Through Airspeed, its other logistics company, SM provided affordable and dependable pick-up and delivery service—a vital support component for the MSME sector. PinaSpeed offered online pick-up and delivery service to micro-businesses in NCR, Rizal, and Cavite and soon in other areas at very reasonable rates.  

Despite economic and geopolitical headwinds, SM is keen on pursuing growth and expansion in 2023 to provide vital support to the economy that will reach more communities.

SM has been increasing its focus on provincial areas where local economies are growing faster Over 80 percent of SM’s new retail stores are in provincial areas where a good chunk of growing overseas remittances flow into. 

“We will continue to invest in growth as we are still seeing more communities that need access to various goods and services,” Mr. DyBuncio said.

PR Newswire

Tencent Cloud Empowers Pakistan’s Top Livestreaming Portal ARY to Provide High Quality Streaming Experience to Viewers

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HONG KONG, Dec. 21, 2022 /PRNewswire/ — Tencent Cloud – the cloud business of global technology company Tencent – announced its collaboration with ARY ZAP, Pakistan’s top live broadcast platform owned by ARY Digital Network, where Tencent Cloud Media Services will be enabling ARY ZAP to deliver high-quality and low-latency streaming experience to its users.

Responsible for streaming the world’s top soccer championships such as the World Cup and the LaLiga to Pakistani users, ARY ZAP also won the rights to broadcast the ICC Men’s T20 World Cup 2022, the most popular cricket tournament globally. To cope with the large number of concurrent view access requests and high demand for the content distribution bandwidth of these events, Tencent Cloud Media Services have provided a full suite of live sports streaming solutions that support ARY ZAP to livestream a total of 136 matches of global sports events, with a peak bandwidth utilization of around 1Tbps and peak concurrent views of nearly 1 million.

Leveraging Tencent Cloud’s expertise built over the past 20 years, ARY ZAP managed to deploy its live broadcast service on cloud within 20 days, delivering ultra-high definition sports events to its users. ARY ZAP also benefitted from Tencent Cloud’s products and services including Cloud Streaming Services, StreamPackage and StreamLive, which improve its capability to provide stable live video streaming and reduced ‘stuttering rate’ by 40%.

Furthermore, the multi-input auto-failover capability of Tencent Cloud ensured stable transmission service for the original live feeds, and the multi-region and multi-availability zone cloud design provided a reliable media service center, where professional video processing capabilities such as multiple video codecs, streaming protocols and adaptive bitrate streaming (ABR) were utilized to ensure the live video quality. These industry-leading technologies helped ARY ZAP provide a top-notch user experience, while reducing bandwidth and storage costs when compressing video bitrates, increasing the efficiency and competitiveness of ARY ZAP’s business operations.

Poshu Yeung, Senior Vice President, Tencent Cloud International, said, “Tencent Cloud is committed to helping media and communications companies all around the world provide the best, high-quality streaming experiences to their viewers. Through our collaboration with ARY ZAP, viewers and sports fans in Pakistan can be assured of a continuous, uninterrupted and real-time experience while watching their favorite, most exciting entertainment and athletic events. We strive to support more media groups from other countries in the future.”

Tencent Cloud is committed to providing a professional, stable, and high-quality live streaming media processing platform for global users. With live audio and video streaming such as live sports, esports, and other live shows requiring high-quality transcoding, accelerated delivery services, instant loading of live streams, and more, Tencent’s streaming services combine its self-developed audio and video technology platform and the computing resources of Tencent Cloud’s global deployment of 70 availability zones and over 2,800 acceleration nodes, to support stable live streaming services with a latency as low as 800ms and under.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel and transportation.

About Tencent Cloud Media Services

Tencent Cloud Media Services has accumulated over 20 years of experience in audio & video technologies, providing industry-leading, comprehensive one-stop media solutions from PaaS to SaaS, including real-time communication, video on demand, live streaming, global acceleration and security. It provides support for customers from content creation, processing, to distribution, enabling real-time and engaging audience experiences worldwide.