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Straive recognized as a Future-Ready Organization by The Economic Times

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CHENNAI, India, Sept. 6, 2022 /PRNewswire/ — Straive, a well-recognized leader in delivering technology-driven solutions for Content, EdTech, and Data to leading global organizations, has been mentioned in one of India’s most prestigious listings – The Economic Times Future-Ready Organizations. Straive achieved this listing after rigorous evaluation and stood out based on its – clarity of purpose & future orientation, efforts towards the organization’s overall sustainable development, and measurable impact and sustainability of all initiatives – among other criteria.

The Economic Times defines Future-Ready Organizations as having three key characteristics – clarity in knowing who they are and what they stand for; fixation on speed and simplicity in operations; and growth by scaling up the ability to learn, innovate, and seek good ideas regardless of their origin.

Straive has defined a strategic roadmap to achieve specific goals for its clients, employees, community, and shareholders. As part of its digital transformation journey, Straive has emphasized standardization and adherence to regulatory compliance across the organization, which includes but is not limited to – financial processes, employee onboarding, HR operations, workforce management, integration of all internal platforms, efficient and effective service delivery, and comprehensive, actionable intelligence on the overall operations in the organization.

Straive has also established long-term objectives and a robust governance framework for scaled-up and sustainable ESG practices with targeted impacts such as reducing carbon emissions, reducing plastic usage, smart-classrooms program, and self-care programs.

On the feature, Ratan Datta, President, and CEO, Straive, said, “Straive is focused on creating a diverse and inclusive future-ready workforce by aligning its Human Capital Management initiatives with the company’s Culture and organizational Values. Our listing in The Economic Times Future-Ready Organizations is a testament to our commitment to developing flexible, resilient, and future-ready systems and processes.”

To know more about careers at Straive, Click Here.

About Straive (erstwhile SPi Global)

Straive is a market-leading content technology enterprise that provides data services, subject matter expertise (SME), and technology solutions to multiple domains, such as research content, e-Learning/EdTech, and data/information providers. With a client base scoping 30 countries worldwide, Straive’s multi-geographical resource pool is strategically located in eight countries: Philippines, India, USA, China, Nicaragua, Vietnam, United Kingdom, and the company headquarters in Singapore.

For media queries, contact: 
Anoop Tuli
Lead – Brand & PR
anoop.tuli@straive.com

PR Newswire

Cloud4C Joins Microsoft Intelligent Security Association (MISA)

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SINGAPORE, Aug. 30, 2022 /PRNewswire/ — As a Managed Security Services Provider (MSSP), Cloud4C, has joined the Microsoft Intelligent Security Association (MISA). MISA is an ecosystem of independent software vendors and managed security service providers that integrate their security products with Microsoft’s security technology. This helps to build advanced defense for customers against the increasing frequency of cyber threats and attacks.

“We are thrilled to be a part of  MISA. This will enable us to enrich our security products for customers across the board, extend smarter solution capabilities such as Managed Detection and Response (XDR and MDR) and share threat intelligence,” said Deb Deep Sengupta, Chief Revenue Officer, Cloud4C. 

“I am pleased to have Cloud4C join us as a partner in the Microsoft Intelligent Security Association (MISA). By including our strategic Managed Security Services Providers (MSSPs) in MISA, we help enable further collaboration between cybersecurity industry leaders in protecting and supporting our joint customers.” – Parri Munsell, Managing Director, Security Partner Marketing.

The dramatic rise of remote work and digitalized operations over the last few years have made organizations’ security risks and vulnerabilities substantially higher. Now, Cloud4C has joined this core group of security specialists, closely integrating with Microsoft security technology, and aligning its rich industry experience, to build a better combat against the unrelenting tide of cyber threats

About Cloud4C

Cloud4C is a leading MSP and Managed Security Services Provider (MSSP), helping build secure, resilient digital transformations in multi-cloud environments in various industry sectors. As an Azure Expert MSP, Cloud4C has worked with Microsoft to serve clients globally, focused on helping businesses make the most of Microsoft technologies.

Cloud4C services include providing visibility into immediate threats and vulnerabilities across Microsoft Azure, on-premises, and multi-cloud environments, improving security postures through managed security services leveraging Microsoft Sentinel, in Microsoft Azure and hybrid cloud environments.

The cloud is agile, flexible, and scalable. And so must be its security solutions, in order to be effective on a sustained basis. As a trusted technology advisor to organizations across the industry spectrum, Cloud4C partners with customers at every stage of their cloud journey, helping them develop and execute strategic security plans with its in-depth and dynamic security expertise.

Contact
Ravi Shankar K
+65-87190012
ravi.shankar@cloud4c.com

PR Newswire

Helios Informatika Nusantara Collaborates with Tencent Cloud to Overcome Cloud Adoption Challenges in Indonesia

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JAKARTA, Indonesia, Aug. 29, 2022 /PRNewswire/ — PT Helios Informatika Nusantara (Helios), an infrastructure, cloud, and digital solutions provider as well as a subsidiary of the CTI Group announced its strategic collaboration with Tencent Cloud, the cloud business of global technology company Tencent, to provide stable and secure cloud offerings for various industries in Indonesia, assisting businesses in overcoming challenges in their cloudification journey.

This collaboration is one of Helios’ actions in optimizing Indonesia’s digital journey, seeing a significant increase in cloud adoption both in enterprise-scale businesses and SMEs, which has been accelerated due to the Covid-19 pandemic. Even though the use of cloud technology has become ideal, Indonesian companies still face various challenges in carrying out their digital transformation.

According to PricewaterhouseCoopers or PwC survey “The Impact of Cloud Computing on the Indonesian Economy” in 2021, the several challenges faced by enterprise-scale businesses in Indonesia are talent availability (70%), implementation costs (60%), uncertainty over regulation and needs local data center (50%) and the need of secure, easy to manage and reliable cloud (40%). Meanwhile, the challenges experienced by SME businesses are the need for cloud usability, efficient costs, connectivity, and support.

“As more and more companies in Indonesia believe in the importance of digitization, the demand for cloud technology from all industries and fields has increased. We are pleased to join hands with Tencent Cloud which is known for its high-performance and reliable technology, to achieve our goal of meeting the needs and addressing cloud adoption issues faced by business people in Indonesia, such as cloud infrastructure that does not align with the company’s internal capabilities or external regulations. We hope that today’s announcement is just the beginning of more collaboration because Helios and Tencent Cloud will continue to work together to help enterprises adapt to the ever-evolving trend of digitization and cloud technology.” said Royani Lo, President Director of Helios.

“With our 20+ years of experience in technological innovation and a strong infrastructure foundation, Tencent Cloud is poised to provide Indonesian enterprises with high-performing, easy-to-maintain, intelligent, and flexible cloud services. Through our collaboration with Helios, we look forward to further accelerating the digital transformation journey across different industries,” said Kenneth Siow, Regional Director for Southeast Asia and General Manager of Singapore, Malaysia, and Indonesia, Tencent Cloud International.

Through Helios, Tencent Cloud offers end-to-end cloud solutions to support digital development in Indonesia, especially in the retail, media, and banking sectors. In Indonesia, the banking sector has shifted to digital services and requires solutions to manage massive customer data. Tencent Cloud provides solutions such as TDSQL, an enterprise-grade distributed cloud database that can assist financial institutions including Bank Neo Commerce in processing millions of transactions quickly and securely. Tencent Cloud also has two internet data centers in Indonesia that has attained certifications that prove its high-level safety and security standards, namely the Uptime Institute Tier III – Design & Facility, PCI DSS, ISO 27001, ISO 14001 and SNI (local standard).

In addition, Tencent Cloud also provides the “China Connect” solution to help Indonesian companies who want to expand their businesses to China by providing a comprehensive suite of services with guidance and support to get their operations up and running in China, including business registrations, security solutions and data analysis, leading Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS) applications, enterprise-level applications, and a package of Go-To-Market solution.

As a strategic partner, Helios has a wide channel of partners and customers to help Tencent Cloud expand the market in Indonesia. Supported by on-premises services where Helios offers 24-hour support by a team of engineers experienced in application development, and consulting with technical intelligence, which combined with Tencent Cloud’s suite of products and solutions, enterprises in Indonesia will be able to enjoy a more comprehensive cloudification experience brought by Helios and Tencent Cloud.

About Helios

PT. Helios Informatika Nusantara (Helios) was founded in 2014 as a member of the Computrade Technology International (CTI) Group. Helios aims to be a leading provider of IT, cloud, digital, and infrastructure solutions and works closely with our business partners to meet the unique IT needs of customers. Currently Helios is also a Value Added Distributor of Hewlett Packard Enterprise which provides a complete range of HPE Server and Storage product portfolios, mobility solution providers such as Samsung and Helios Mobility Suites, Network Solutions (Network) such as Aruba, and IT Security solutions such as Sangfor. More info: https://www.helios.id

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.

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China-Nepal Railway: Hope in the Himalayas

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BEIJING, Aug. 26, 2022 /PRNewswire/ — A news report from China.org.cn on China–Nepal cross-border railway:

Have you ever imagined traversing through the middle of the mighty Himalayas by train?

This seemingly “crazy” idea may soon become reality. Following recent discussions between the foreign ministers of China and Nepal to speed up feasibility assessments into a cross-border railway, China plans to dispatch surveyors to Nepal as soon as this year.

On top of thorny enough obstacles like challenging topography and high altitudes, linking the two countries by railway requires tunneling through the Himalayas — an unimaginably complex feat of engineering. The bulk of the railway within Nepal will pass along bridges or through tunnels, involving huge costs and formidable construction difficulties. That being said, the project is still well worth pursuing.

As a landlocked country, Nepal has long been impeded by transportation issues. The mountainous terrain hinders travel locally, which in turn has restricted the nation’s economic and trade development. Completion of the China-Nepal Railway will connect three major cities in Nepal, making commuting much easier. Never again will Nepalese citizens have to choose between just cars and planes when going abroad. The designated section of this mammoth project within China’s borders meanders across Tibet Autonomous Region. In the first half of 2022 alone, the region has received more than 17 million tourists. Assuming only one-tenth of these travelers visit Nepal by train via Tibet, Nepal’s tourism industry would still enjoy an enormous boost. Railways will also reshape Nepal’s dependence on India for maritime transport and thereby driving its foreign trade and socio-economic growth. Laos, another landlocked nation, repivoted its market structure upon securing a major transportation channel through the China-Laos Railway project. Likewise, the China-Nepal Railway will no doubt fuel Nepal’s national development and allow more of its citizens to enjoy the benefits of development.

The China-Nepal Railway has been a long time in the making. However, progress has been slower than expected due to the project’s sheer intricacy, compounded by the impact of COVID-19. China and Nepal have been close friends for generations. China has already assisted Nepal in building key infrastructure projects, most notably the Pokhara International Airport and Kathmandu Ring Road. During the pandemic, China was Nepal’s largest supplier of medical aid and vaccines, while the zero-tariff treatment for 98% of the taxable items that China granted to Nepal will also come into effect on Sept. 1 this year.

The decision to further the China-Nepal Railway falls aptly under the Belt and Road framework. Projections by the World Bank suggest that if all transportation infrastructure construction under the Belt and Road Initiative is completed, we can expect $1.6 trillion in revenue to be generated annually by 2030, 90% of which will be shared by partner countries. Low- and lower-middle-income countries will be the greatest beneficiaries.

Tangible progress is now being made in the development of the China-Nepal Railway, the latest testament to the friendship between the two countries, and a new chapter in the Belt and Road journey. This ingenious feat of human engineering will shine in the Himalayas as a beacon of common prosperity and community with a shared future.

China Mosaic

http://www.china.org.cn/video/node_7230027.htm

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Equipped with Huawei’s Tech, Bank of Communications Wins The Asian Banker’s Award of Best Big Data Implementation in China

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BEIJING, Aug. 26, 2022 /PRNewswire/ — The Asian Banker, an authoritative global platform for insights about the finance industry, has unveiled the winner list for its 2022 Financial Technology Awards at Finance China 2022. Bank of Communications (BOC) won the Best Big Data Implementation award for its Lakehouse DaaS built using Huawei Cloud FusionInsight intelligent data lake.


BOC’s business has grown rapidly over the past few years. The bank has expanded the number of business lines and has rendered its business processes more diversified, convenient, and intelligent. As a result, it’s generating an unprecedented amount of data and using it for complex applications. To cope with all this data, BOC has built an intelligent data lake — Lakehouse DaaS — upon Huawei Cloud FusionInsight MRS cloud-native data lake and Huawei Cloud GaussDB(DWS) data warehouse.

Powered by the GaussDB(DWS) distributed data warehouse, BOC has enhanced its access to data, reducing the cost of using data while improving efficiency and quality. BOC has also built a high-quality and centralized dashboard for comprehensive data analysis, which supports the bank’s operational decision-making and helps maximize the value of data.

The FusionInsight MRS real-time data lake has helped BOC develop new technical capabilities, such as real-time collection and computing, and batch-stream convergence. The bank has also deployed real-time collection, computing, analysis, and consumption data flows, supporting various real-time and quasi-real-time business scenarios.

Since launching the intelligent data lake, BOC has made big leaps in several fields.

  • Marketing: Create user personas based on user transactions and interaction behaviors, improving the customer conversion rate by 164%.
  • Risk control: Analyze user behavior features and identify fraud behaviors in real time, reducing the number of risky cases by 52%.
  • Operations: Search and analyze banking data in real time and quickly make informed decisions.
  • Customer relationship management: Establish a customer churn warning model to track customers who are about to churn and retain them.

BOC has worked with Huawei to reconstruct its big data platform. The bank aims to speed up services related to big data and provide timely input for marketing, risk control, supervision, and operations. It also looks to centralize monitoring, enable process-based management, and visualize its data assets for data governance. Ultimately, BOC wants to make sure that its data is working for its business, helping it become a fully digital bank.

To date, Huawei has served over 2000 financial customers from more than 60 countries and regions, including 49 of the world’s top 100 banks. Huawei Cloud FusionInsight is often used in core data analysis platforms by banks, securities, insurance, and other types of financial customers. The solution helps them build a platform where data and AI converge.

Looking ahead, Huawei will continue offering customers high-value analytical capabilities to maximize the value of their data through FinTech innovation.

PR Newswire

Huawei and Bank of China Jointly Win The Asian Banker’s Award of Best Bank Infrastructure Technology Implementation in China

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BEIJING, Aug. 26, 2022 /PRNewswire/ — The “Finance China 2022” event organized by the prestigious international finance magazine The Asian Banker successfully commenced in Beijing on the 25th of August. Huawei and the Bank of China jointly won the Best Bank Infrastructure Technology Implementation in China in the category of Financial Technology Awards.

Huawei has shaped many innovative technological solutions by using its innovative ICT technologies and capacities and orchestrated cross-domain collaboration among technologies, helping financial institutions enhance their operational resilience and provide optimal user experience.

  • NoF+ is an Ethernet-enabled lossless storage network solution that applies NVMe, a high-speed read/write protocol dedicated to flash memory and IP networks. Customers can use this technology to build intelligent and lossless networks that sense network faults and facilitate cross-domain coordination. This solution will significantly increase the IOPS throughput performance compared to Fibre Channel (FC) networks.
  • Replacing FC with NoF+ significantly reduces data read and write latency within data centers. In addition, data can be transmitted without loss across data centers and over long distances thanks to the iLossless algorithm.
  • This solution can help networks proactively sense link status and fast switch storage algorithms in order to reduce the impact of network jitter on financial transactions, and reduce link switching time from minutes to seconds in case of failed transmissions.

Dr. Margaret Hu, President of Marketing and Solution Sales, Huawei Global Digital Finance said, “We thank The Asian Banker for honoring us this significant award. Huawei will continue working with financial institutions and partners to conduct joint innovation and open collaboration. We will build innovative digital infrastructure that helps financial services grow and innovate. Our joint efforts will accelerate the financial industry’s digital transformation.”

To date, Huawei has served more than 2,000 financial customers in more than 60 countries and regions around the world, including 49 of the world’s Top 100 banks. Learn more about Huawei’s digital finance solutions:

https://e.huawei.com/en/solutions/industries/smart-finance

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TraceLink joins AWS Partner Network

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BOSTON, Aug. 16, 2022 /PRNewswire/ — TraceLink Inc., the leading digital network platform company, today announced that it has joined the Amazon Web Services (AWS) Partner Network (APN).

The company also announced that the TraceLink Supply Chain Work Management solution is now available in AWS Marketplace.

“TraceLink built Opus, the Platform for the Internet of Supply Chains (IoSC), on AWS to achieve the scalability and reliability required for end-to-end supply chain digitalization,” said Shabbir Dahod, President and CEO of TraceLink. “Supply Chain Work Management digitalizes work between trading partners. By joining APN and featuring Supply Chain Work Management, powered by Opus, in AWS Marketplace, TraceLink is allowing an even faster and easier path to digital transformation for AWS customers.”

What is TraceLink Supply Chain Work Management?

TraceLink Supply Chain Work Management is a revolutionary new way to execute supply chain management processes by digitalizing work across multiple tiers of supply chain partners. The solution allows teams to assign tasks, manage incidents, review documents, manage changes, and track progress with dashboards. As a result, exceptions are resolved faster, costs are reduced, and on-time, in-full (OTIF) delivery goals are exceeded.

Developed and hosted on the TraceLink Opus Digital Network Platform, Supply Chain Work Management lets manufacturers create digital networks with their partners, establish virtual teams, and empower those teams with the data and structured collaboration capabilities required to handle today’s supply chain challenges.

Learn more about TraceLink Supply Chain work Management in AWS Marketplace.

About TraceLink

TraceLink is the only business network creation platform for the Internet of Supply Chains™—integrated business ecosystems built with multienterprise applications on the TraceLink Opus platform. Business networks are the foundation of an end-to-end supply chain digitalization strategy that delivers customer-centric agility and resiliency leveraging the collective intelligence of an industry. The TraceLink Opus Digital Network Platform enables speed of open innovation and implementation with a partner ecosystem for no-code and low-code development of solutions and applications.

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2022 H1 Mobile App Selling White Paper Successfully Released

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BEIJING, Aug. 13, 2022 /PRNewswire/ — On July 4th, Dongli Bai from Reyun released the “2022 H1 Mobile App Selling White Paper”. Since the first release of the “2017 Annual Game Selling White Paper”, Dongli Bai, who is deeply involved in big data, has been releasing industry-selling white papers for many years, and the white papers he published are used as important and comprehensive data reference by mobile industry practitioners.

Dongli Bai, the founder and CEO of Reyun Data
Dongli Bai, the founder and CEO of Reyun Data

In November 2013, Dongli Bai founded Reyun. He has been working in the field of game big data analysis for many years, and he is using industry-leading concepts and technologies to help game companies improve operational efficiency, retain paying users, reduce advertising costs, and improve the return on advertising.

The strong technical advantage solves the customer problems that game companies are most concerned about, so his company was established only one year ago, and already has more than 3,000 users. At present, the share of Reyun in China’s mobile game big data service market has exceeded 85%, which can be said to be a dominant one. Under Bai’s leadership, Reyun has made outstanding contributions to the Chinese game industry, so his company has won many industry awards, including the 2015 Best Third Party Service Provider Award for the Game Industry, the 2015 Top Ten Outstanding Contribution Award for the Game Industry, and the 2015-2016 Most Influential Enterprise Award in China Internet and Big Data.

In 2016, Bai led his team to create the original advertising data monitoring platform, TrackingIO. The types of customers of Reyun expanded from the game industry to finance, social, e-commerce, education, live streaming, O2O, real estate, life services, mobile operators, and many other fields. These companies need to invest a lot of money to buy traffic, and through TrackingIO monitoring platform, Reyun helps them save nearly 70% of the traffic cost.

In addition to this, the TrackingIO monitoring platform can also connect the monitored market placement data and user behavior data, a feature that fills the gap in the industry and significantly improves customer retention for enterprises. The leading technology and more practical functions have kept TrackingIO in the first place among similar products in China.

However, Bai encourages to continue to develop new products and build a complete advertising and marketing big data management system. He keeps the leading position in China in terms of concept and technology.

At the end of 2019, Bai led his team to develop AdsDesk, an advertising intelligence placement platform where customers can achieve intelligent and efficient ad placement management. In the following year, the ad placement budget on this platform exceeded RMB 40 million per day.

In 2020, Bai led his team to launch the ADinsight ad material intelligence monitoring service (later updated to CAS system), which helps Chinese companies going abroad to understand user preferences, ad placement trends, and ad platform quality in different countries and regions, so as to significantly improve ad placement effectiveness.

In the same year, Bai also led his team to develop an A/B testing system to allow advertisers to achieve better placement results through testing and comparison of different solutions, thus making Reyun the first big data service provider in China to launch this service. This business was written into China’s first A/B testing monograph “A/B Testing: Innovation Begins with Experimentation”.

Bai has led the rapid development of Reyun, and the company’s data resources have covered more than 2.3 billion mobile devices, covered nearly 220,000 apps of all kinds, and providing services to tens of thousands of enterprises in dozens of fields. Reyun has become a well-deserved leader in China’s big data service industry. Based on data, Bai has helped various industries achieve business growth with big data analysis, which has greatly contributed to the development of the industry. As a result, he has been awarded several industry honors such as the 2017 China Mobile Internet Leader, the 2017 GMGC Tianfu Award for Emerging Figures, the 2017 100 People of New Marketing, and the 2020 100 people of Entrepreneur of the Year.

Under his leadership, the company and its products have also won more than 50 industry awards.

Led by Bai, Reyun has not only helped Chinese companies expand rapidly in overseas markets, but also helped overseas brands do business smoothly in the large and complex Chinese market. In recognition of Reyun’s innovation and leadership in China’s big data services industry, Mobvista, the No. 1 mobile digital marketing platform in Asia and No. 3 in global reach, completed its acquisition of Reyun in 2021 for consideration of $1.5 billion.

Along the way, for just less than 8 years, Bai has obtained a number of patents, created and released a series of national leading big data services, helped tens of thousands of enterprises in various industries to improve operational efficiency, saved high costs, and accelerated the innovation and development of enterprises. However, Bai is not satisfied with this, and he keeps running on the road of innovation. We look forward to seeing him using advanced big data solutions to help more companies grow and develop.

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Lunit Announces Financial Results for the First Half of 2022

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  • Consolidated revenue in the second quarter of 2022 increased by 190% compared to same prior-year period
  • Total revenue for H1 2022 amounted to KRW 5.48 billion, or 82.5% of the total revenue of last year

SEOUL, South Korea, Aug. 12, 2022 /PRNewswire/ — Lunit (KRX: 328130.KQ), a global provider of AI-powered cancer solutions, today announced strong financial results for the second quarter of the fiscal year 2022.

“Through a strong overseas performance in the first half of this year, Lunit achieved more than 80% of last year’s total sales within the first half of 2022,” said Brandon Suh, CEO of Lunit. “With more partnerships to come and the annual health examination season coming up in the third and fourth quarters, we expect our revenue to increase significantly during the second half of the year.”

Reporting under a consolidated basis, Lunit recorded a cumulative revenue of KRW 5.48 billion for the first half of 2022, reaching 82.5% of total sales for the previous year. H1 revenue for 2022 more than tripled compared to the same prior-year period (KRW 1.42 billion) and the proportion of overseas sales jumped from 66.8% to 84.3% year-over-year.

Lunit’s second quarter 2022 revenue was KRW 2.51 billion, up 190% from the prior-year period (KRW 863 million), among which overseas revenue accounted for 80.6%.

H1 Fiscal 2022 Summary

KRW in
millions

H1 2022

Revenue
proportion

H1 2021

Y/Y

Total revenue

5,478

100 %

1,402

Up 291%

Overseas

4,619

84.3 %

937

Up 393%

Domestic

859

15.7 %

465

Up 84.7%

About Lunit

Lunit is a medical AI software company devoted to developing AI solutions for precision diagnostics and treatment support, mainly focused on conquering cancer.

Lunit has partnered with global medical device giants such as GE Healthcare, Philips, and FujiFilm. The company also focuses on its biomarker business through an exclusive partnership with Guardant Health, a leading global liquid biopsy company.

Lunit has earned international recognition for its unprecedented, state-of-the-art AI technology. More than half of its employees are research and development (R&D) specialists, with more than 12 medical doctors working as full-time staff.

Lunit’s flagship products are Lunit INSIGHT and Lunit SCOPE. The FDA-cleared and CE-marked Lunit INSIGHT series provide AI-powered detection of chest abnormalities and breast cancer with 96-99% accuracy. As of March 2022, Lunit INSIGHT products are being used in approximately 600 medical sites in more than 40 countries. Lunit SCOPE series provide AI detection and analytics for tissue data, quantifying key features and scores that enhance elevated response prediction for immunotherapy. By receiving CE Mark in April 2022, Lunit SCOPE PD-L1 TPS has been officially approved for deployment and use in European pathology practices.

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CLPS Incorporation Appoints Srustijeet Mishra as CEO of CLPS California to Further Drive U.S. Business in the Next Stage of Growth

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HONG KONG, Aug. 12, 2022 /PRNewswire/ — CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced the appointment of Mr. Srustijeet Mishra as the CEO of CLPS Technology (California) Inc. (“CLPS California”), a wholly-owned subsidiary of the Company. He will be fully responsible for the development and management of business activities in the U.S. market, and will continue to serve as the CEO of the Company’s business entities in the Southeast Asia region (referred to collectively as “CLPS SEA”).

Mr. Mishra was the founder of Ridik, a Singapore-based IT services provider. He officially joined the Company upon initial acquisition of 80% of Ridik’s equity stake in September 2019. Its increased financial returns and growing potential for business development led the Company to acquire the remaining 20% equity stake in Ridik, and at the same time, appointed him as the CEO of CLPS SEA in December 2020. Following the Company’s global expansion strategy, he was appointed as the director and president of CLPS Philippines when it was established in September 2021.

Mr. Mishra has more than 20 years of experience in the IT industry with expertise in providing professional IT services to financial and IT institutions across Southeast Asia and Europe. He holds an MBA degree from IILM Institute for Higher Education in New Delhi, India and a master’s degree in Physics from Andhra University in Visakhapatnam, India.

Mr. Raymond Lin, Chief Executive Officer of CLPS, said, “Mr. Mishra is a seasoned and accomplished industry veteran who is well suited to lead our U.S. business to new heights. With his extensive industry experience and management skills, we are optimistic that our overseas business will achieve greater success under his leadership.”

Established in January 2020, CLPS California has been providing IT services to some of the Fortune 100 companies in industries such as e-commerce, fintech, IT consulting, and IT services. Its team size has grown by 85%, and it has begun to generate revenue since fiscal year 2021. At present, the Company has set up delivery teams in India and Singapore, mainly focusing on providing IT consulting services to clients in North America. Further, it plans to utilize various engagement models with its existing and new clients in the U.S., including fixed-price model, turn-key financial solution, client specific Center of Excellence (CoE), offshore development center (ODC), service-level agreement (SLA), hybrid (onshore-offshore) model, build-operate-transfer (BOT) model, and managed services, among others.

“The last few years have been challenging for companies around the world. The recurrent COVID-19 outbreaks have forced many business organizations to halt strategic initiatives and goals in favor of maintaining operations. For companies and entrepreneurs, restarting businesses and adopting the concept of the ‘new normal’ have opened up new perspective and ideas. It is a great opportunity for us as many companies start to develop long-term strategies for digital transformation, adopt emerging technologies, or move to new business model,” said Mr. Mishra. “We are currently delivering most of the offshore projects for our U.S. clients from China. In addition, as we reposition CLPS as a global brand, we plan to extend our overseas operations from Asia to North America, further expanding our delivery network and delivery model. As a result, it will create a unique advantage for us in the U.S. market.”

He added, “With our extensive industry experience and long term working relationships with most of the big foreign banks and insurance companies in China and Singapore, we are confident of building a strong client base in the U.S. Geographically, we have grown across the SEA region with subsidiaries in Singapore, Malaysia and the Philippines, as well as in India with an ODC. By offering a variety of delivery approaches combined with the convenience of IT talent policy in these countries, we are not only able to give our clients across the globe with high standards of services, but also provide flexibility to meet their specific needs. For instance, Singapore is a preferred location for fintech projects, whereas semiconductor industry prefers India for embedded software projects. Therefore, having strategic locations allows us to maintain a favorable and long-term relationship with our clients. In addition, we have increased our investment in a range of products, including a new generation of loan system, CAKU credit card system and digital asset solutions for financial institutions, which will open up new opportunities and will enable us to quickly enter the North American market. Accordingly, we anticipate that our business in North America is poised to enter the next phase of growth.”

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the “Company”) (Nasdaq: CLPS) is a global leading information technology (“IT”) consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, India, and the Philippines. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, and Twitter.

Forward-Looking Statements

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office 
Phone: +86-182-2192-5378 
Email: ir@clpsglobal.com

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