Tag Archives: CXP

PR Newswire

Pocket Network Becomes Primary Infra Provider To Decentralize Fuse’s Open-Source Financial Blockchain

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TAMPA, Fla., Feb. 21, 2022 — Pocket Network, a Web3 RPC infrastructure middleware protocol which provides abundant blockchain bandwidth from a globally-distributed network of 30k+ full nodes to applications in Web3 across 37 blockchains, including Ethereum, Polygon, Solana, Avalanche, and Harmony, has announced its extended partnership with Fuse, blockchain infrastructure for open source payment systems. With this extension, Fuse is now routing 20% of all its RPC traffic through Pocket Network’s unstoppable network of infrastructure.

Fuse is one of the first blockchains to start utilizing Pocket’s network. Since our partnership was forged both projects have grown exponentially, with DeFi project Fuse now driving tens of millions of relays to the Pocket Network daily. As a whole, Pocket Network currently serves over 300 million relays daily, a number that will soon reach the billions as additional blockchains are onboarded.

"Pocket Network enables potentially limitless scaling for RPC read calls for Fuse – it’s exciting to see how scalable and open-source financial infrastructure is being built through this partnership," said Mark Smargon, CEO of Fuse.

While Pocket aims to support 100 blockchains by the end of the year, Pocket is also continuously strengthening existing relationships like Fuse as well. As integration deepens, Pocket projects soon will be servicing 30-50% of Fuse’s traffic, and are pushing for similar levels of integration with other supported blockchains.

About Pocket Network
Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale. It enables seamless and secure interactions between blockchains and across applications. With Pocket, the use of blockchains can be simply integrated into websites, mobile apps, IoT and more, giving developers the freedom to put blockchain enabled applications into the "pocket" of every mainstream consumer. For more information visit pokt.network.

PR Newswire

AOTAVERSE is Now in Malaysia: Local Celebrities include Sheila, Chen Bingyu, Jane Chuck and Others Show Love to This NFT

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KUALA LUMPUR, Malaysia, Feb. 11, 2022 — Today, the popular NFT GameFi project AOTAVERSE officially landed in Malaysia. AOTAVERSE is powered by Asia-based 3D modelling studio, Orienta Lab.

AOTAVERSE NFTs will officially be available to all Mekaverse holders on 16th February 2022 at 6 AM. Its whitelist pre-sale will begin later on the same day at 10:30 AM while its public sale will take place on 17th February at 11 PM.

Shila Amzah, a well-known Malaysian singer, Chan Peng Soon, a badminton player, and celebrities such as Jane Chuck, Amber Chia, Danny One, etc. have all supported the AOTAVERSE NFTs and posted them on their Instagram. And at the same time, the AOTAVERSE promotion video can be seen on the huge digital billboard outside Pavilion Kuala Lumpur.

Previously, AOTAVERSE has also been on billboards in Hong Kong, Taiwan and Japan, receives support from many local celebrities. Raymond Lam, Charlene Choi, Gillian Chung, Charmaine Sheh, etc. have all displayed their own AOTA NFTs on social media.

According to the official Twitter of AOTAVERSE, a whitelist giveaway event is being held. Anyone can participate by taking a photo of their billboard at Pavilion KL, details can be found on their official Twitter and Instagram.

For more information, please visit https://aotaverse.io

About Orienta Lab Limited

Orienta Lab is an Asia-based 3D modelling studio with 40+ professional 3D graphic artists and 10+experienced blockchain developers that are dedicated to realizing an immersive metaverse for the world. For more information, please visit https://aotaverse.io

PR Newswire

Klaytn, Kakao-backed blockchain, announces 5 key partnerships for global expansion in 2022

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SINGAPORE, Feb. 7, 2022 — Klaytn, a public blockchain platform developed by internet giant Kakao Corp(KRX: 035720), has signed 5 key partnership deals to pursue its global expansion plans. Its mandate for 2022 is to be the blockchain of choice gaming and metaverse projects, while pursuing continued integration with the defi ecosystem.

Klaytn announces 5 key partnerships for global expansion in 2022.
Klaytn announces 5 key partnerships for global expansion in 2022.

Released in 2019, Klaytn is the dominant blockchain in Korea, having secured the Central Bank Digital Currency (CBDC) project with the Bank of Korea. Klaytn is also integrated with super app KakaoTalk via its crypto wallet Klip, and accessible to the 45 million KakaoTalk users in the country.

Since its international launch in August 2021, Klaytn has signed 5 strategic partnership agreements with the following companies:

  • Japanese tech giant GMO Internet Group to explore blockchain use cases on Klaytn, including a JPY-pegged stablecoin
  • Indonesia’s Innovation Factory, the digitalisation arm of Salim Group, to explore blockchain-based applications, including asset management solutions, supply chain traceability as well as NFT use in gaming and entertainment
  • Asian NFT marketplace East NFT, to harness the global LGBTQ crypto economy with NFTs based on Y Series content and to widen the horizon through collaborations with the world’s largest partners in the art, music and entertainment space
  • US-based entertainment group Animal Concerts to mint NFTs for A-list celebrities, starting with an NFT auction for a household name artiste in Q1 2022
  • Global fintech accelerator F10 to create an incubation program for blockchain startups in Singapore

"We have built tremendous momentum over the past 3 months and are well positioned to ride the metaverse wave in 2022. These strategic partnerships in Japan, Indonesia, Thailand, US, and Singapore are core components of our international expansion roadmap. More partnerships with leading gaming companies are in the pipeline," says David Shin, head of global adoption at Klaytn Foundation.

About Klaytn
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.

These business expansion activities are supported by the US$500m Klaytn Growth Fund, which aims to grow the ecosystem of companies built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.

PR Newswire

Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region

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MENA’s fastest growing B2B start-up focusing on regional expansion and many new initiatives to carry momentum forward

RIYADH, Saudi Arabia, Feb. 2, 2022 — Retailo, the fastest growing startup in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region’s retail supply chains, has raised $36 million in its Series A investment round which was a mix of equity and venture debt. Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

 

Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.
Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.

 

Retailo’s Series A round has attracted leading investors with proven track records of impactful investments. The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.

For Retailo’s Series A, Graphene is joined by leading investors that include 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, all of which have the relevant exposure and investments in the retail industry’s technology companies. The venture debt was raised from Nahda Fund – one of the Middle East’s first venture debt funds which is backed by IMM Investment Global, based in Hong Kong. Additionally, Shorooq Partners, Abercross Holdings, Arzan VC, AgFunder also participated in the round as repeat investors which demonstrates their continuing belief in Retailo’s successful future.

Retail in MENAP is a $500 billion industry which consists of over 10 million small businesses to serve a population of more than 700 million consumers. However, the majority of this retail industry is informal and undigitized. Small businesses have to rely on inefficient supply chains and limited financial resources while operating on impossible margins. Retailo aims to champion these small business owners by building a suite of technologies around them. The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.

On Retailo’s mobile platform, small businesses can find a wide catalogue of over 5,000 SKUs which are delivered to their doorstep in less than 24 hours. They can also avail Buy-now-pay-later (BNPL) services, which give them flexible payment options and credit lines. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business.

To offer a one-stop shop solution, Retailo (https://retailo.co) directly works with hundreds of leading local, regional and global brands. Retailo also optimizes end-to-end logistics in the supply chain via efficient warehousing operations and smart fleet management solutions. Leveraging its wide regional presence, Retailo has recently begun offering its sellers a cross-border distribution platform across the three biggest markets in the region: KSA, UAE and Pakistan. Retailo also provides data analytics services to sellers to help them evaluate sales performance and consumption trends.

Headquartered in Riyadh, Retailo was founded by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz in July 2020 with a unique regional launch. Growth has been quick and in only 18 months Retailo has scaled to 10+ cities in 3 countries: KSA, UAE and Pakistan. "The multi-market strategy from day one was unconventional and challenging. Covid made it even more so. But now Retailo is a scalable organization with hundreds of millions of dollars in annualized revenue and colleagues from multiple nationalities and diverse backgrounds who have left leading institutions like Amazon, Delivery Hero and Goldman Sachs to fulfil Retailo mission in building technology that empowers 10 million retailers in the region," said Himag Vaidya, Retailo’s Head of Strategy.

Nabil A. Borhanu, partner at Graphene Ventures said, "We are impressed with what Retailo has achieved in an astonishingly short time. Their vision is both ambitious and inspiring and we believe that partnering with them is a sound business investment and also a chance to truly improve the lives of millions of people."    

The Series A funding will help Retailo move into the next phase of expansion into new geographies, verticals and products. "As global supply chains come under stress pushing up commodity prices and depressing GDP growth, the value of smart supply chains becomes even more important," said Retailo’s CEO Talha Ansari. "The retail sector serves 700 million persons in MENAP, contributes almost 20% to the GDP and employs tens of millions. By providing technology solutions to this underserved market, we are not only improving lives but also uplifting the economy of the entire MENAP region."

For further information, please contact:
Sibtain Naqvi
Director Strategic Communications
Retailo Technologies
Email: sibtain.naqvi@retailo.co
+923062497523

PR Newswire

Kingdee and Fenghua High-tech Jointly Start a New Journey to Digitalization

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SHENZHEN, China, Jan. 27, 2022 — On December 24, the launching meeting for the ERP platform construction project of Guangdong Fenghua High-tech Co., Ltd. (hereinafter referred to as "Fenghua High-tech") was held in Zhaoqing Fenghua Electronics Industrial Park.Yang Ming, Senior Vice President of Kingdee International Software Group Company Limited ("Kingdee International", "Kingdee" or the "Company", collectively called the "Group" along with its affiliated companies; stock code: 0268.HK) and General Manager of Kingdee Guangdong, Lin Mengjie, Deputy General Manager of Kingdee Guangdong, and relevant persons in charge of the project on both sides attended the meeting, jointly discussing the strategic plan and implementation plan for the digital transformation and intensive strategic operation of Fenghua High-tech. The meeting marks a new step forward on Fenghua High-tech’s journey to digitalization.

Yang Ming said Fenghua High-tech and Kingdee as leaders in respective fields have many similar genes, and hopes that empowered by cloud technologies, both sides can team up and contribute to the self-strengthening of the nation and industrial revitalization amid the huge wave of information technology application innovation and localization. As the next generation PaaS platform, Kingdee Cloud Cosmic can help enterprises, particularly large enterprises, build independent and controllable digital business capability assembly platforms with steady performance, strong resilience and fast response, and thus resembles the "arm shop" for enterprises to generate digital fighting capacity. The project gathers the best talents from both sides. During implementation, members of both sides are expected to uphold the same initial aspiration and goal, and work to complete the construction of the digital platform.

The leader of the Kingdee and Fenghua High-tech project team gave a report on project launch, detailing the goal and scope of the project, division of labor among members, implementation strategy and plan, as well as management mechanism.

In the era of Industrial Internet, enterprises are undergoing drastic digital transformation and revolution in operation and management, products and services, and commercial modes. As a new choice for countless Top 500 enterprises, Kingdee will stay focused on the desire of enterprise operators for growth, provide steady, reliable, safe and trustworthy cloud services with sustained innovations for all industries, and empower more Chinese enterprises with cloud technologies.

About Kingdee International Software Group Company Limited

Kingdee International Software Group Company Limited ("Kingdee International" or "Kingdee") was established in 1993. It is listed on the Main Board of the Hong Kong Stock Exchange (stock code: 0268.HK) and headquartered in Shenzhen, China. Adhering to the core values of "Acting in all Conscience, with Integrity and Righteousness", the Company is committed to helping businesses achieve their growth targets through dedicated services. It strives to provide clients with the most trusted enterprise service platform.

With the exploration in cloud services area, Kingdee has continuously received recognition from renown global and local research institutions. Kingdee achieved the following six major recognitions: 1) the only Chinese enterprise SaaS vendor ranked top-five market share in Garnter’s 2020 Application Platform Software; 2) the only Chinese enterprise SaaS vendor selected into Gartner’s Global Market Guide; 3) the only Chinese vendor won IDC’s 2020 Global SaaS Customer Satisfaction Award, ranked No.1 in ERP SaaS customer satisfaction; 4) the only Chinese vendor selected into IDC’s 2021 Asia Pacific Manufacturing ERP SaaS MarketScape, as a Contender; 5) the only company ranked No.1 market share in IDC’s China’s Enterprise SaaS ERM market for four consecutive years; 6) the only company ranked No.1 market in IDC’s growth enterprise application software market for seventeen consecutive years.

Many cloud service products of Kingdee have won the favour of benchmark enterprises, which included Kingdee Cloud Cosmic (new-generation PaaS Platform for enterprises), Kingdee Cloud Constellation (SaaS solution for large enterprises), Kingdee Cloud Galaxy (SaaS solution for medium-sized enterprises), Kingdee Cloud Stellar (SaaS solution for micro and small enterprises). Kingdee has provided software management and cloud services for more than 6.8 million enterprises, governments and organizations across the world.

PR Newswire

Skybox Security expands market leadership with over 4x growth in subscription business from new customers in 2021

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Demand for Skybox vulnerability management and security automation capabilities drove 30% new business growth

News summary

  • New 2021 customers include Fortune 500, Global 500, major government agencies, and companies in critical infrastructure sectors
  • The industry’s most advanced exposure analysis, risk scoring, security automation, and vulnerability management innovations help advance strategic cybersecurity initiatives and optimize security posture
  • Skybox Security continues significant market share gains in the rapidly growing Vulnerability Management category

SAN JOSE, Calif., Jan. 26, 2022 — Skybox Security today announced that soaring global customer demand for its Security Posture Management Platform drove a 4x increase in subscription business from new customers year-over-year. Customer expansion and new logos also resulted in over 30% growth year-over-year, driven by global customer demand for Skybox vulnerability management and security automation capabilities. Further, Skybox Security reported the strongest quarter in the company’s 19-year history to include significant expansion within the critical infrastructure sectors.

"Increasing cybersecurity regulations, digital transformation initiatives, and cloud migration continue to fuel demand for our preventative Security Posture Management Platform," said Skybox Security CEO and Founder Gidi Cohen. "Other cybersecurity companies say they do exposure analysis. Skybox Security delivers the only solution that can do it with the precision you need to prevent a cyberattack, with the full context of the network, cloud, and OT infrastructure of the organization."

New 2021 customers include Fortune 500, Global 500, major government agencies, and companies operating critical infrastructure in the energy, utilities, manufacturing, defense, and telecommunications sectors. Increasingly dangerous vulnerabilities, including but not limited to Log4j, require a new focus on preventing breaches by eliminating cyber exposure ahead of an attack.

A new path forward for breach prevention
The company’s tremendous growth is fueled by capturing the ever-increasing market need for preventative cybersecurity management while strategically expanding into new verticals and regions. Hundreds of customers trust the industry-leading Skybox Security Posture Management Platform to prevent breaches before incidents happen.

Skybox Security is the only cybersecurity company to provide complete visibility and understanding of the attack surface. No other solution can visualize and analyze hybrid, multi-cloud, and OT networks across all industries and verticals.

2021 financial highlights: year-over-year growth

  • 4x increase in new recurring subscription business
  • 30% new business growth year-over-year, driven by global demand for Skybox vulnerability management and automation capabilities
  • Added ten new logos in the critical infrastructure sector, including major international manufacturers, energy and utility providers, telecommunications leaders, and one of the largest U.S. oil & gas companies
  • Won major government contracts across federal, state, and local agencies
  • Continued expansion into the highly regulated financial services sector, with 18 new logos
  • Reported the strongest quarter in the company’s 19-year history

2021 new and expanded customers

  • One of the largest U.S. energy & utility companies expanded its Skybox deployment to protect over 200,000 assets with Skybox Vulnerability Control. The company needed to ramp up its vulnerability management program and report to senior management teams. It was equally important for the company to get a centralized view for all departments to have an objective way to measure and manage risk, allowing admins to mitigate risk exposures on various assets.
  • A major multinational oil & gas company purchased Skybox Vulnerability Control to reduce risk and increase the resiliency of OT assets. Then, the company decided to deploy Skybox Firewall and Network Assurance during the pilot phase to ensure compliance and segregation in OT and corporate environments continuously. Lastly, the customer selected Skybox Change Manager to reduce the risk and effort of making network changes throughout the organization, replacing an aging home-grown application.
  • A multinational manufacturer purchased the Skybox Security Policy Management solution to collect, normalize, and optimize their network and security data. After a security assessment showed significant risks linked to network misconfigurations, the customer evaluated different security policy management solutions. Skybox Security was selected because it is the only solution to deliver comprehensive security policy management capabilities that enable the customer to automate firewall rules and see across their attack surface with the Skybox network model.

2021 product innovation highlights

  • Delivered the most effective and efficient vulnerability remediation options available in the industry – beyond patching
  • Released additional OT vulnerability management capabilities, allowing customers to eliminate cyber exposure across the entire enterprise environment, including IT, hybrid, multi-cloud, as well as OT assets
  • Unveiled new OT security integrations with Claroty, Nozomi Networks, and Siemens’ RUGGEDCOM products that expand Skybox Security’s ability to identify exploitable vulnerabilities across IT/OT environments
  • Enriched its multidimensional network model with new and enhanced integrations across leading hardware and software partners, including Zscaler, Palo Alto Networks, VMware, F5, and others

"Managing security posture has become a critical business imperative for reducing the risk of cyberattacks. Our global customer base relies on Skybox exposure analysis to understand exposed, exploitable vulnerabilities and reduce mean time to remediation (MTTR)," said Haggai Polak, Chief Product Officer, Skybox Security. "Our upcoming product innovations will continue to extend our industry-leading network model to ingest data from transformative technologies and model entire networks across IT, OT, and hybrid cloud."

Additional resources

About Skybox Security    

Over 500 of the world’s largest and most security-conscious enterprises rely on Skybox for the insights and assurance required to stay ahead of dynamically changing attack surfaces. At Skybox, we don’t just serve up data and information. We provide the intelligence and context to make informed decisions, taking the guesswork out of securely enabling enterprises at scale and speed. Our unified security posture management platform delivers complete visibility, analytics, and automation to quickly map, prioritize, and remediate vulnerabilities across your organization. The vendor-agnostic platform intelligently optimizes security policies, actions, and change processes across all corporate and cloud environments. With Skybox, security teams can focus on the most strategic business initiatives while ensuring that enterprises remain protected. 

https://www.skyboxsecurity.com/

Media & analyst contact

Ashley Nakano
Corporate Communications Director
ashley.nakano@skyboxsecurity.com

© 2022 Skybox Security, Inc. All rights reserved. Skybox Security and the Skybox Security logo are either registered trademarks or trademarks of Skybox Security, Inc., in the United States and/or other countries. All other trademarks are the property of their respective owners. Product specifications subject to change at any time without prior notice. 

Logo – https://techent.tv/wp-content/uploads/2022/01/skybox-security-expands-market-leadership-with-over-4x-growth-in-subscription-business-from-new-customers-in-2021.jpg

PR Newswire

Happiness Development Announces $10 Million Private Placement to Support Its International Expansion

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NANPING, China, Jan. 21, 2022 — Happiness Development Group Limited ("HAPP" or the "Company"), (NASDAQ: HAPP) a China-based company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce sales and e-commerce marketing solutions, and the sales of automobile today announced it has entered into certain securities purchase agreement with several non-U.S. strategic investors to sell total 12,500,000 Class A ordinary shares at a per share purchase price of $0.80, with over 45% premium to the market price of its Class A ordinary shares.

The Company intends to use the gross proceeds to expand its international e-commerce sales for its current products and potential addition of new products overseas as well as for working capital and general corporate use.

"We are very grateful to these strategic investors for their support to our international expansion, especially with a premium price. We look forward the expertise and resources in the international market these investors will bring to our Company. We have successfully exported about US$2 million of Lucidum products in 2021, which gives us great confidence to expand our international sales. In 2022, we will further expand and seek development and breakthroughs in international business. At the same time, we will further increase the scope of export products and will not rule out the possibility of overseas acquisition or participation in planting and R&D of new products. As a NASDAQ listed company, we will seek to further internationalize the company and make our products accessible to people all over the world. We believe with the contribution of the strategic capital from investors, this process will be greatly accelerated," Mr. Xuezhu Wang, CEO of the Company, commented.

About Happiness Development Group Limited

Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Over the past 17 years, we have established a product portfolio consisting of 23 PRC National Medical Products Administration registered "Blue-Cap" SKUs of nutraceutical and dietary supplements products. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts the B2B business model and is committed to optimizing the auto supply chain by connecting car dealers on our online automobile sales platform and offering the overall services for purchasing automobiles. For more information, please visit: www.happ.org.cn

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

HGC ultra-low latency Eyeball-as-a-Service(TM) backs Kacific’s delivery of high-speed, reliable local broadband across Southeast Asia

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HONG KONG, Jan. 17, 2022 — HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, and Kacific Broadband Satellites Group (Kacific), a next-generation broadband satellite operator that provides affordable, high-speed broadband access to Asia Pacific, have collaborated to boost critical connectivity across emerging markets in the Philippines, providing high standards of connectivity service delivery and quality.

Working together, the two providers will offer faster, safer, and more reliable critical infrastructure benefiting the Philippines’ enterprise users as well as an array of industries including mining, government, banks, financial institutions, schools, health clinics, telemedicine, and remote healthcare which may enter the market for the first time.

With a population exceeding 110 million, the Philippines is rapidly digitizing with a high internet penetration expected to reach 82% by 2022.

Kacific’s geostationary Ka-band satellite, Kacific1, was launched in December 2019 to provide high-speed, reliable broadband connectivity to the underserved rural and suburban communities at prices and equipment that are affordable and easily accessible. Now, the operator is deploying innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC has been selected as a partner of choice to host Kacific’s IT infrastructure and critical business applications speeding up deployments and upgrades, as well as improving network latency and accelerating times to market-leading standards and upping security systems.

HGC will provide the international IP routes to Kacific that subsequently will use this to give internet access across remote, internet deprived areas through Satellite technology where there is a lack of fibre.

By utilizing HGC’s flagship ultra-low latency Eyeball-as-a-ServiceTM (EaaS) Solution, Kacific will be able to noticeably reduce latency times and further deploy innovation breakthroughs on the ground with a new line of high-performance and cost-effective broadband terminals.

HGC EaaS has been created to take into consideration regional routing and IP related services, bringing on route diversity that not only achieves ultra-low-latency times of less than 10 milliseconds* and a more robust bandwidth but also offers disaster redundancy preventing profit-hitting downtime.

Ravindran Mahalingam, HGC’s Senior Vice President, International Business, said: "The Philippines is undergoing a tremendous shift as its economy converts to digital, and the need for critical digital infrastructure has never been greater than right now. From enterprises to OTTs providing virtual banking, streaming services and more, this is a turning point in the faciliating business’ digitalization."

Cliff Tam, HGC’s  Senior Vice President, Global Data Strategy of International Business, said: "This project is not only remarkable from a technical standpoint from Earth to space and back, but it also has a tremendous philanthropist side to it because we are helping to connect the unconnected across swathes of Southeast Asia that are full of talent but that until now lacked the digital tools to shine."

"We look forward to continuing working with Kacific as well as all the enterprise/OTT users and other verticals to help them take the first step towards modernizing their operations."

Cyril Annarella, Chief Operations Officer at Kacific, said: "Our focus has always been to work in partnership with major international carriers and with strong local partners to complement our satellite assets and advance the global broadband infrastructure."

"HGC is highly regarded in Asia and the global markets, and is a well-known pioneer in the telecommunication arena. The skills and expertise HGC brings to this project allows us to continuously deliver a world class service to our markets and make a rapid and lasting difference to the people of Southeast Asia.

Contact us to learn more: ibmarketing@hgc-intl.com
HGC Eyeball-as-a-Service™ Solution: https://www.hgc-intl.com/products-and-services/ott-edge-solutions/edge-solution/

*HGC Eyeball-as-a-Service™ Peering Platform Internal Testing Result within the Philippines region.

About HGC

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

About Kacific

Kacific Broadband Satellites is a next-generation broadband satellite operator, headquartered in Singapore. Kacific’s high-throughput Ka-band satellite, Kacific1, delivers affordable, high-speed broadband access to the Pacific and Southeast Asia, with a focus on underserved rural and suburban areas.

Kacific uses the latest multi-beam space communications and ground technology to provide quality service to businesses, governments, and communities. Kacific’s services foster greater internet usage, fueling economic growth and improvements in service delivery across covered regions.

Since the launch of the Kacific1 satellite in December 2019, Kacific’s operations have scaled rapidly across Asia Pacific. Kacific currently helps address a market of more than 100 million people in 25 countries around the Pacific and Southeast Asia who are unconnected or under-connected to the internet.

Kacific’s awards include Best Digital Inclusion (Pacific ICT Awards, 2019), Satellite Executive of the Year: Christian Patouraux (APSCC, 2019) and Better World Satellite Award (SSPI, 2018).

PR Newswire

Uppsala Security collaborates with NSHC to provide a worldwide Virtual Asset Tracking Solution

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SINGAPORE and SEOUL, South Korea, Jan. 14, 2022 — Uppsala Security, a state-of-the-art provider of award-winning security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced today a collaboration with NSHC, set to provide a worldwide Virtual Asset Fund Tracking Solution.

Uppsala Security collaborates with NSHC to provide a worldwide Virtual Asset Tracking Solution
Uppsala Security collaborates with NSHC to provide a worldwide Virtual Asset Tracking Solution

The solutions provided by Uppsala Security involved in this new collaboration are the Crypto Analysis Transaction Visualization (CATV), a virtual asset tracking security tool and the Crypto Analysis Risk Assessment (CARA), an AI and Machine Learning-based virtual asset risk assessment tool.

In this particular collaboration, CARA is especially enhancing the virtual asset tracking solution by receiving and filtering Dark Web-related threat data from NSHC. The joint work between the two projects started with the "AI Data Processing Voucher Project" hosted by the Ministry of Science and ICT of South Korea on September 20, 2020.

The virtual asset tracking solution, including CATV and CARA, was installed on NSHC’s DarkTracer, a platform that provides Dark Web security threat information.

By introducing Uppsala Security’s virtual asset tracking solution, NSHC’s customers can respond to security threats such as the abuse of existing personal information as well as security threats of virtual assets.

Prior to this, NSHC and Uppsala Security signed a Business Agreement to eradicate cybercrime, and recently, they trained private companies and government agencies in the open-source intelligence (OSINT) monitoring technology.

Patrick Kim, Founder & CEO of Uppsala Security, said, "As observed in recent times with the experiences involving the Silk Road incident and Hydra case, the crimes involving virtual assets have been increasing rapidly. With the NSHC’s DarkTracer and its virtual asset tracking solution we can provide new insights into related crimes. DarkTracer, which has accumulated over 100 Billions of vast dark web intelligence indicators, and Uppsala Security’s virtual asset tracking and analysis solutions are jointly used to conduct a correlation analysis, in order for law enforcement and intelligence agencies to be able to receive new insights into the related crimes."

About NSHC

NSHC was founded as a security consulting company by a team of white hat hackers in 2003. Since then, the company has expanded businesses from security solutions to security information consulting in the last 10+ years. Based on the best technology, NSHC supplied about 180 domestic smartphone app security solutions and is currently providing security services throughout Asia, including Japan, Singapore, and Indonesia.

About Uppsala Security

Uppsala Security built Sentinel Protocol, the first crowdsourced Threat Intelligence Platform powered by artificial intelligence, blockchain technology, and machine learning. Supporting the framework is a team of experienced cyber security professionals who have developed an award-winning suite of advanced tools and services for Crypto AML/CFT, Transaction Risk Management (KYC/KYT), Transaction Tracking, Regulatory Compliance, and Cybersecurity enabling organizations of every type and size to protect their crypto assets from malicious attacks and scams while meeting stringent regulatory compliance standards. Today Uppsala Security has over two thousand (2K+) users including government agencies, financial institutions  and leading enterprises providing crypto exchanges, payment services, wallets, custodial services, gaming, and fintech solutions.

Uppsala Security is headquartered in Singapore, and has branch offices in Seoul, South Korea and Tokyo, Japan. You can follow Uppsala Security on Telegram, LinkedIn, Twitter, Facebook and Medium.

PR Newswire

project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money

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– With $100+ million in ARR, 1,000+ team members, 1,000+ customers, 1+ billion packages tracked annually and the top performer in analyst reports, project44 leads the supply chain visibility market

CHICAGO, Jan. 12, 2022 — project44, the leading supply chain visibility platform, announced today that it received an investment totaling $420 million. A syndicate led by Thoma Bravo, TPG and Goldman Sachs Asset Management ("Goldman Sachs") with participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures acquired equity interests resulting in a pre-money valuation of $2.2 billion, and Sixth Street committed to make available additional funding, in support of the company’s strategic acquisition program and product development activities. When combined with its $202 million equity raise in May of 2021, project44 has set a funding record for Logistics Tech enterprise SaaS companies. These investments position project44 to accelerate its mission to help leading brands optimize the movement of products across supply chains, delivering better resiliency, sustainability and value for their customers.

project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money
project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money

"Today, project44 is helping companies solve supply chain challenges ranging from inflationary pressure and lockdowns to unpredictable weather and bottlenecks at ports. Our growth over the past year speaks to these macroeconomic tailwinds and the competitive edge we can provide to our customers," said Jett McCandless, Founder & CEO of project44. "With ongoing support from our investors, we can offer even more value to our customers and solidify our position as the global network that powers the future of the supply chain."

in Supply Chain Visibility

Throughout 2021, project44 cemented its position as the company in supply chain visibility with global port-to-door coverage across all modes of transportation. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world.

The most influential analysts within the logistics industry also rank project44 ahead of its competitors. Placing first in FreightTech 25, Gartner Voice of the Customer and G2 have all awarded project44 their highest honors. In addition, Chicago Inno named project44 among the best 100 places to work in the city.

"Supply chain visibility has become increasingly important as shortages, delays and bottlenecks ramp up.  project44’s potential to solve even the most complex of these issues is unparalleled," said Robert (Tre) Sayle, Partner at Thoma Bravo. "By continuously evolving to meet customer needs, project44 has developed a revolutionary platform that adds significant value to the entire global supply chain."

"project44 has been scaling at an impressive pace, executing decisively on its vision of a global end-to-end supply chain visibility platform. Supply chain visibility has become a critical technology to solving large-scale problems in the world today, and project44 has emerged as the global market leader," said Malte Janzarik, Partner at TPG based in Europe. "The breadth of data project44 offers and ease of access for shippers, logistics providers and carriers are unmatched. We believe that project44’s next-gen platform and highly valuable network will continue to drive tremendous growth."

TPG is investing in project44 out of TPG Tech Adjacencies (TTAD), an investment vehicle focused on flexible capital solutions for the technology industry.

Meeting a Critical Need for Global Businesses

As the supply chain connective tissue, project44 offers the largest carrier network of any supply chain visibility provider with more than 142,732 multimodal carrier integrations and 2.7 million trucks.  Shippers and logistics providers depend on project44 to help them navigate today’s increasingly complex supply chains, improving their sustainability, building transportation resiliency and meeting the evolving demands of their customers.  project44 supports more than 1,000 organizations across industries including leading brands such as Amazon, Baker Hughes, Coop, CNHI, Danone, Dollar General, FedEx, General Mills, Goodyear, Kuehne & Nagel, Lenovo, McKesson, Mondelez, Nestle, The Home Depot and Unilever.

Record-Shattering Growth

project44’s momentum speaks to its differentiation and immense lead in the supply chain visibility space. Following an exceptional Q3 2021, project44 has landed $12.7 million of newly booked annual recurring revenue (ARR) in Q4. The company has closed 117 logos over that timeframe, contributing to YoY bookings increase of 170% and YoY logo growth of 216%. 

In addition to new business wins, net retention for 2021 is at 133%, while annualized gross retention was 96%. project44’s ARR has reached over $100 million with a subscription gross margin of 70%, which is up 3% year-over-year. To build on this success, project44 will be nearly doubling its investment in product and engineering in 2022 to deliver improved real-time visibility across more modes of transportation in more regions.

Expanding International Team

project44 continues to expand its international footprint, offering supply chain visibility in 166 countries. More than 1,000 team members work with project44 at its 17 global offices. Over the coming year the company plans to hire hundreds of new talented team members in China, Europe, Latin America, North America, and Japan.

project44 also hired its first director of diversity, equity, inclusion & culture executive, Ivana Savic-Grubisich. The company is committed to hiring team members who reflect the rich diversity of the communities in which it operates.

Executive Hires

In 2021, project44 added five new executives to the team to manage its growing footprint. Charlie Ungashick joined as Chief Marketing Officer in February and Diane Gordon joined as SVP, Global Customer Success in March. In November, Elliot Rodgers joined as Chief People Officer, Jennifer Coyne was appointed General Counsel and Andy Grygiel returned as Chief Brand Officer. These experienced executives bring unique insight to accelerate project44’s growth.

Massive Gains Through M&A 

Throughout 2021, project44 increased its value to shippers and logistics providers through acquisitions of leading companies in the market offering complementary solutions. The September acquisition of Convey has enabled project44 to extend real-time visibility and exception management to last-mile, including parcel, courier, white-glove doorstep delivery, and visibility into item returns.  Ocean Insights, acquired in March, brought much-demanded visibility into cargo at sea. ClearMetal, acquired in May, established project44 as the leader in artificial intelligence and machine learning with automation that reduces costs throughout the supply chain.

What Our Customers Say

"project44 has enabled us to meet our commitment to customers in a year of unpredictability," said Pat Kenefick, Vice President, Global Distribution and Logistics at AbbVie. "With awareness of where our goods are located, we can adapt to interruptions and make proactive decisions to ensure that our distributors are stocked with inventory. Supply chain visibility is a game changer for our ability to drive growth and enhance patient experiences in a challenging economic environment."

"HARIBO is committed to delivering our beloved products on time and at the high level of quality our brand is known for. This is a core piece of what has allowed us to become a successful business. We benefit from being a global company with a decentralized manufacturing structure. A perfectly coordinated global supply chain is essential for us and that is why we continuously invest in it. We chose to work with project44, the leader in real-time transportation visibility," said Stefan Sorce, Head of global logistics and managing director in the Haribo Logistics Company, at Haribo. "These insights will help us increase the resiliency of our supply chain and enable faster and smarter decisions that will get Haribo’s products into the hands of our customers."

"The ongoing events of the last two years have placed unprecedented strain on the supply chains of consumer products manufacturers, and this has only served to highlight the critical need to mitigate risk and increase supply chain resilience," said Alessandro Bonanno, Head of Global Logistics and Customer Service at Beiersdorf AG. "Partnering with project44 will provide Beiersdorf with improved visibility into our transportation flows and shipments, which will help us cope better with any future supply chain disruptions and fulfill consumer demand."

"Our team brought on project44 because of its global visibility into import and export arrival and departures," said Hiroshi Etani, Managing Executive Officer, at Yamato Transport Co., Ltd., Japan’s largest delivery company, "The broad network of multimodal transportation tracking brings more predictability to our business and helps us better communicate with our customers."

About project44

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers as defined by number of happy customers, number of carriers, number of customers, ARR, net retention, shipments per day, growth rate and gross margin. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance and deliver an exceptional experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal and Ocean. In 2021, project44 was named a Leader among Real-Time Transportation Visibility Providers in Gartner’s Magic Quadrant. To learn more, visit www.project44.com.

Contact
project44@nextpr.com