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PR Newswire

Neutrinos Partners with eBaoTech to “Make Insurance Easy” with Low Code Development Platform and Insurance PaaS Platform

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SINGAPORE, July 3, 2020 — eBaoTech Corporation and Neutrinos announced their partnership that aims to deliver new age digital insurance applications to insurance carriers, brokers/agents and InsurTechs, powered by eBaoTech’s Insurance PaaS platform – eBaoCloud InsureMO (InsureMO) and Neutrinos’ Low Code Multi-Experience Development Platform (MXDP). Joint customers can leverage the front-end application development capabilities for Omni-channels provided by Neutrinos’ Low Code platform and the rich insurance APIs for policy whole lifecycle provided by eBaoCloud InsureMO.

eBaoTech is a world-leading provider of digital insurance solutions with clients across 30+ countries. eBaoTech’s Insurance Middle Office platform – eBaoCloud InsureMO is a containerized industry middleware based on microservices architecture. InsureMO is designed to accelerate fast innovations and deep connectivity for insurers, brokers, agents, MGA, affinity channels, and InsurTech startups. 

InsureMO contains common APIs needed to manage the whole life cycle of General, Life and Health insurance policies, such as quotation, illustration, underwriting, payment, and claims. The platform can seamlessly integrate with external applications and services such as OCR, voice recognition, payment and location by API calls.

As a Gartner recognized low-code, Multi-experience Development Platform, Neutrinos offers one-stop digital innovation solutions. With an array of digital insurance distribution solutions, Neutrinos is helping insurers rapidly build applications on disruptive technologies, cater to customer demands, and future proof their businesses.

The Neutrinos Suite of Insurance solutions offers seamless, end-to-end solutions for insurers, enabling cost, resource, and time optimization. Leveraging on best-in-class technology, this MXDP covers all aspects of the insurance lifecycle, and is changing the face of insurance business.

Rajat Sharma, Corporate VP and Head of Sales and Strategy commented, “We are excited to partner with Neutrinos and leverage the power of Low code platforms to deliver Insurance applications powered by InsureMO. With over 3,000 products from over 120 insurance companies across more than 10 countries configured on eBaoCloud InsureMO, we are sure that together with Neutrinos we will create enormous value for rapid digital transformation in the Insurance industry.”

Ashok Bhattacharya, Chief Customer Acquisition Officer quotes “In our pursuit of providing end-to-end Digital Insurance Solutions capabilities along with our one-stop Digital Experience (DX) platform, we are pleased to announce our partnership with eBaoTech to build Omni-channel applications across the insurance value chain. We see this partnership brings strong synergies by assisting insurers with orchestration of Microservices at ease, seamless connection with InsureMO as well as many vertical connectors of Neutrinos MarketPlace. The aforementioned points bring capabilities to easily add functionalities to their service mix, and as a result, create an enhanced Digital Experience journey that empowers insurers with faster time to market through an easy adoption of emerging and futuristic technologies such as Multi-Experience, Hyper-Augmentation, Hyper-Automation and more”.

About eBaoTech
eBaoTech is a digital solution provider to the global insurance industry with a company mission to “make insurance easy”. We have business in more than 30 countries, serving over 200 carriers and numerous agents, brokers, InsurTech startups and others in the insurance ecosystem.  eBaoTech offers two groups of solutions: eBao Cloud as an insurance middleware platform, and eBao Software for traditional insurance carriers’ core systems.  For more information, please www.ebaotech.com 

About Neutrinos

Founded during a eureka moment that was driven by passion for technology and the urge to make a difference in the world of technology, Neutrinos enables rapid application development through their MXDP backed by low code capabilities. With leading companies of South East Asia, India, Australia, North America, South Africa and Europe already rolling out Neutrinos solutions, they are helping enterprises rapidly build enterprise-grade applications that can be deployed on any cloud or on premise or hybrid environments. Over 2500+ connectors spanning across new-age technologies, such as Email, Chatbots, Artificial Intelligence (AI), Internet of Things (IoT), Natural Language Processing (NLP), Augmented Reality (AR) as well as experts available for consultation on Extended Reality/Mixed Reality (XR/MR), further facilitate the development of multi-experience applications. For more information, visit: www.neutrinos.co

Related Links :

http://www.ebaotech.com

PR Newswire

Inventec Announces its NGC-Ready Edge Server Optimized for AI Software-E850G4

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TAIPEI, July 3, 2020 — Server manufacturer, Inventec (TPE: 2356), today announced that its first edge computing server, E850G4, now supports NVIDIA EGXTM, a high-performance, cloud native platform that brings real-time AI to the edge. As an NGC-Ready for Edge server, the E850G4 is certified for functionality and performance of the GPU Optimized AI stack from NVIDIA, security, and remote management. This 2U GPU server, targets multi-access edge computing (MEC), content acceleration, network-in-a-box, and network function virtualization (NFV) applications, among others, in the booming new market of 5G and edge datacenter. This allows users to rapidly deploy and efficiently run AI workloads in their edge networks.

Inventec Announces its NGC-Ready Edge Server Optimized for AI Software-E850G4
Inventec Announces its NGC-Ready Edge Server Optimized for AI Software-E850G4

 

NVIDIA EGX Edge AI Platform

With the future pointing towards convergence of IoT and AI at the edge, allowing all industries to deliver automated intelligence from billions of sensors at the point of action, a scalable, accelerated platform that can handle continuous delivery of information securely and drive decisions in real time is required. NVIDIA unveiled the latest NVIDIA EGX platform capabilities and NGC features for deploying accelerated AI at the edge and in the data center at GTC Digital in May 2020. NVIDIA EGX platform enables companies to perform low-latency and high performance AI inference at the edge and includes GPU-optimized AI software from NVIDIA NGC — a registry of containers, pre-trained models, and helm charts along with a private registry that simplify building, collaborating, and deploying AI software securely at the edge.

Inventec E850G4:  OTII-based Edge Computing Server

The E850G4 server system is encased in a computing box with a NUMA (non-uniform memory access) balanced design for multiple SKUs for acceleration and storage scenarios. This system is also a China Open Telecom IT Infrastructure (OTII) server design for WW5G edge computing applications such as multi-access edge computing, and fog computing. In addition, E850G4 offers enhanced serviceability and reliability including:

  • Up to 4x NVIDIA T4 Tensor Core GPUs
  • Dual Socket: 2nd Gen Intel® Xeon® scalable processors (Cascade Lake)
  • 12x DIMM: Up to 1.5TB  3DC ECC DDR4-2933MHz, RDIMM/LRDIMM and Intel® Optane™ DC Persistent Memory (DCPMM)
  • Onboard 2x 10G Ethernet port
  • Up to 7x PCIe Gen3 slot to support multi-scenarios
  • 6+(2) SFF SAS/SATA/ NVMe hot-plug drive
  • Tool-less design of serviceable parts
  • Optimized TCO

“Inventec E850G4 supports quality inspection AI cloud and edge applications in industries including 3C electronics, steel plant, energy management, rubber inspection, etc. We designed this new server solution to help our customers optimize their edge infrastructure,” said George Lin, General Manager of Business Unit VI, Inventec Enterprise Business Group (Inventec EBG).

About Inventec Data Center Solutions (Inventec EBG)

Inventec Data Center Solutions (Inventec EBG) was established in 1998 and has been focusing on the design and manufacturing of server systems in Inventec Corporation. Over decades, Inventec EBG has been the key server system supplier of the global branding clients.

For more information, please visit: https://ebg.inventec.com/en

Follow “Inventec Data Center Solutions” on LinkedIn and Wechat to receive their latest news and announcements.

Inventec logos are trademarks or registered trademarks of Inventec Corporation.

All trademarks and logos are the properties of their respective holders.

 
PR Newswire

Nitin Gadkari Inaugurates VVDN’s Global Innovation Park (Technology Innovation, Engineering and Manufacturing Hub) at Manesar in India; PM Narendra Modi Sent his Best Wishes

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GURUGRAM, India, July 2, 2020 — The Hon’ble Union Minister, Shri Nitin Gadkari today inaugurated VVDN Technologies new Global Innovation Park (GIP)– engineering and manufacturing facility- in Manesar, Haryana, India, via video conferencing.

VVDN Technologies Global Innovation park Inauguration
VVDN Technologies Global Innovation park Inauguration

“It is an achievement for Government of India’s vision for an ‘Atamanirbhar Bharat’ when Indian Tech companies like VVDN take on the challenge of Designing and Manufacturing high-tech electronic products and components in India and set their eyes for global success,” said Hon’ble Minister while inaugurating the VVDN’s Global Innovation Park (GIP) Facility via video conference.

Stating VVDN as a success story, Minister highlighted the need for Import substitution, Cost effective, pollution free, Indigenous product manufacturing in India. He added that VVDN’s Global Innovation Park, where under one roof all facilities of International standard designing, testing laboratories and production basis international standards will be done is futuristic and the way forward.

Spread across 10 Acres, VVDN’s Global Innovation Park (GIP) is marked with R&D and Electronic Manufacturing Facility. It is one-of-its-kind of facilities in India which has the capacity to accommodate 1,00,000 people over the next three years. VVDN Technologies was founded in 2007, with an aim to provide excellent engineering and manufacturing services to its customers. Since then company has been working on next generation technology innovation and have set up R&D centers across India as well as best in class manufacturing facilities in Manesar. With the new GIP facility, VVDN will have a multifold increase in its current capacity for electronic product engineering and manufacturing for a wide range of innovative versatile solutions including 5G Equipment, Trackers, Dashcams, Cameras, Wi-Fi Access Points.

PM Narendra Modi congratulated VVDN Team and sent a letter with his best wishes.

VVDN’s CEO Bhupender Saharan said, “The inauguration of GIP is an important milestone in the company’s ongoing efforts to help India emerge as a hub of engineering innovation excellence and robust manufacturing. This Global Innovation Park, along with 10 other R&D centers, 4 manufacturing facilities across the country, will help us to continuously innovate on the latest technologies especially in the 5G, Wifi, Cloud, Vision IoT space. Having put down our roots so strongly in India, VVDN now is at a place where we would be able to scale up our deliveries for our domestic and global customers.  This aligns with the company’s effort to increase the employment in India and eventually contributing in providing a positive impact on the economy of our country.”

The company’s founding team Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayraman expressed gratitude towards Honorable PM, Sri Narender Modi for recognizing VVDN’s efforts and sending his wishes to us. They also thanked Sri Nitin Gadkari for inaugurating the GIP and being present with the VVDN Team during the proud moment.

VVDN Technologies has always been the promoter of Electronics Products ‘Design and Make in India‘. The company also announced that it would hire more than 10,000 employees in the next 12 months as a part of its ongoing commitment to accelerate the pace of technology innovation, design and manufacturing in India initiative for Electronics industry. During the Covid-19 lockdown timeframe, VVDN has successfully hired and on-boarded 500 employees across India.

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PR Newswire

Xovis Multiplies Your Options in One Fell Swoop

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Two new AI features for in-store analytics made possible by Xovis 3D sensors

ZOLLIKOFEN, Switzerland, July 2, 2020 — When their ordinary "all-in-a-day’s-work" became extraordinary, Xovis ramped up their R&D to solve unforeseen challenges. Today, the company proudly presents two new AI features for their 3D people counting sensors: Face Mask Detection and View Direction. While View Direction had been hinted at in January this year, Face Mask Detection has sprung up out of the current situation with COVID-19. Xovis hopes that this will help their customers stay on top of public health regulations. The company’s innovative and GDPR compliant technology becomes the only kind to detect face masks directly on 3D sensors.

The Xovis Face Mask Detection
The Xovis Face Mask Detection

 

The Xovis View Direction
The Xovis View Direction

As Xovis Head of Retail Anne Wyder explains, "COVID-19 has made face masks compulsory in many public places; we have responded by developing a new AI feature for our sensors to recognize whether or not face masks are in fact being worn. In a bid to help businesses adhere to public health regulations, this new software plugin for Face Mask Detection will be free of charge until the end of the year for our integrator partners working with the Xovis Cloud Account." 

Despite COVID-19, and at the same time because of the global crisis that has ensued, Xovis is actively providing technological solutions for both occupancy and physical distancing management. As Xovis CPO Christian Studer puts it: "We have been busy – we’ve not only finished development of the much-anticipated View Direction plugin for in-store analytics, but in an agile response to changing market demands also stepped up to the plate and created something extra in our firmware for our customers. Both Face Mask Detection and View Direction features provide deeper insight into customer behavior – the analysis of which has become more important than ever before."

As the undisputed innovator of people flow technology based on 3D stereovision sensors, Xovis is committed to bringing the best products and services to customers and partners alike. Because people count.

See how Xovis detects Face Masks

Read how Xovis View Direction works

Click here for more about Xovis Physical Distancing Solutions

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Company Contact
Xovis
Industriestrasse 1
3052 Zollikofen
Switzerland
+41-32-342-04-70
info@xovis.com

Media Contact
Christian Studer, CPO
+41-32-508-35-41
christian.studer@xovis.com

Related Links :

https://www.xovis.com/

PR Newswire

Avaya Acclaimed by Frost & Sullivan for Elevating Contact Center Workforce Engagement Management with its OneCloud™ Portfolio

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Avaya’s solutions combine resources, insights, and knowledge from across the organization to deliver outstanding customer and employee experiences

SANTA CLARA, California, July 2, 2020 — Based on its recent analysis of the North American workforce engagement management (WEM) market, Frost & Sullivan recognizes Avaya Holdings Corp. (NYSE:AVYA), a global leader in solutions to enhance and simplify communications and collaboration, with the 2020 North American Growth Innovation Leadership Frost Radar Award. The Avaya OneCloud contact center-as-a-service (CCaaS) portfolio provides customer and workforce engagement solutions supplemented by capabilities such as artificial intelligence (AI)-infused bots, predictive routing, real-time sentiment analysis, and agent guidance. These capabilities connect all touch points across the customer journey including voice, video, chat, messaging, social, and screen.

Avaya
Avaya

"Avaya’s capabilities can intelligently transition customer needs from self-service AI to human interaction and deliver a personalized journey across the entire organization, from front- to back-office, for superior CX," said Nancy Jamison, industry director. "Its developer tools and APIs allow in-house and partner developer communities to innovate and integrate applications. Some of its notable AI- and mobility-based products include Avaya Conversational Intelligence, Avaya Mobile Experience, Avaya Mobile Identity, and Avaya AI Routing."

Avaya’s flexible CCaaS options, supporting public, private, and hybrid deployment, enable customers to leverage the cloud model best suited to their business needs. The Avaya OneCloud CCaaS portfolio provides customer and workforce engagement solutions supplemented by capabilities such as AI-infused bots, predictive routing, and real-time sentiment analysis and agent guidance. Also, its OneCloud UCaaS solutions can function in all environments, as can Avaya Cloud Office. Frost & Sullivan recognizes Avaya as one of the few providers with a full line of devices and endpoints. It complements its continued R&D investment with technology partnerships, including majors such as Verint, Afiniti, Nuance, Google, Avaya’s A.I.Connect and DevConnect programs, to round out its full-stack of WEM and WEM-supporting products.

"In an evolving economy where experience is a differentiator for brands, we are honored to be recognized for our commitment to enhancing customer and employee experiences for our clients," said Anthony Bartolo, Avaya executive vice president and chief product officer. "Avaya continues it’s ongoing investment in customer-led innovation and expanding our ecosystem of technology partners that work with us to deliver a robust portfolio of customer engagement, workforce engagement management and workforce optimization solutions. This award helps highlight that in a sea of contact center providers, Avaya is far differentiated by our breadth of WEM solutions and experience, over anyone else in the field."

Avaya customers including Conduit Global, Florius and Canon Financial Services, among others, are driving improved engagement and business outcomes with WEM innovation. Strategically, Avaya combines solutions to bolster its core capabilities as part of the WEM portfolio. For example, for recruitment and onboarding, the Avaya Conversational Intelligence solution sends real-time sentiment and intent with context to the desktop to help new hires make informed decisions.

"Avaya’s WEM cloud delivery and subscription models are well-suited to both mid-market and large enterprises. Overall, it is set to lead the industry with a converged UC and contact center platform that can redefine WFO for unique CX and EX, even beyond contact centers," noted Jamison. "Strong partnerships and substantial investments in R&D have positioned Avaya for notable growth in 2020."

The Growth Innovation Leadership (GIL) best practice is bestowed upon companies that are market leaders that are at the forefront of innovation.  These companies consolidate or grow their leadership position by continuously innovating and creating new products and solutions that serve the evolving needs of the customer base. These companies are also best positioned to expand the market by strategically broadening their product portfolio.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

To get an in-depth look from Avaya at how to simplify, modernize, and automate customer journeys to build customer loyalty, click here.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com

About Avaya
Businesses are built on the experiences they provide, and everyday millions of those experiences are built by Avaya (NYSE: AVYA). For over one hundred years, we’ve enabled organizations around the globe to win – by creating intelligent communications experiences for customers and employees. Avaya builds open, converged and innovative solutions to enhance and simplify communications and collaboration – in the cloud, on-premise or a hybrid of both. To grow your business, we’re committed to innovation, partnership, and a relentless focus on what’s next. We’re the technology company you trust to help you deliver Experiences that Matter. Visit us at http://www.avaya.com.

Contact:
Alex Alias
P: 669.242.8034
E: alalias@avaya.com

Cautionary Note Regarding Forward-Looking Statements
This document contains certain "forward-looking statements." All statements other than statements of historical fact are "forward-looking" statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "our vision," "plan," "potential," "preliminary," "predict," "should," "will," or "would" or the negative thereof or other variations thereof or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. The factors are discussed in the Company’s Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") available at www.sec.gov, and may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

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PR Newswire

Neusoft Ranks Top in China Healthcare IT Solutions Market for Ten Consecutive Years

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SHENYANG, China, July 2, 2020 — Recently, International Data Corporation (IDC) has released the China Market Shares of Core Hospital Management Systems 2019: Upgrading Core Systems to Support Healthcare Digital Transformation. According to this report, Neusoft took the first place in China core hospital management systems solutions market in 2019 and topped the ranking of China healthcare IT solutions market for the tenth consecutive year, continuing leading the healthcare informatization construction in China.

In the healthcare informatization sector, Neusoft is a leading provider of intelligent healthcare integrated solutions in China. With the largest client base in the industry in China as well as the best practices in various sub-sectors, Neusoft is striving to facilitate the rapid development of healthcare informatization and promoting China’s healthcare system reform. Neusoft is also the first large provider to have launched core hospital management systems, with leading market shares as well as advanced concepts and products.

With over two decades’ devotion to the healthcare sector, Neusoft consistently commits itself to utilizing information technologies to promote the harmonious development of the healthcare ecosystem. Nowadays, Neusoft’s healthcare business has covered hospital informatization, health insurances, medical equipment, cloud hospitals, medical big data and intelligence, health and medical education, medical IoT and 5G, etc., and Neusoft has built a sustainable IT-centric ecosystem.

In the future, Neusoft will continue to empower the healthcare industry through software. Neusoft will keep promoting the integration of information technology and the healthcare, make the new technologies like artificial intelligence, blockchain, cloud computing, big data, internet of things become new medical elements, and build a sustainable healthcare ecosystem for creating more value for the society, industry and clients.

Related Links :

http://www.neusoft.com/en

PR Newswire

Despite Global Pandemic and Recession – 4ARTechnologies is the First Start-up to Fulfil Its ICO Promises With Innovative Product Release and Exchange Listing

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ZUG, Switzerland, July 2, 2020 — Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the art innovation that already has customers in over 60 countries, and has now successfully placed its cryptocurrency 4ARTcoin on the renowned BITTREX Global exchange in Liechtenstein.

Niko Kipouros, Founder and CEO, Photo: Michael Weber
Niko Kipouros, Founder and CEO, Photo: Michael Weber

 

4ARTechnologies is the first Startup to fulfill its ICO promises
4ARTechnologies is the first Startup to fulfill its ICO promises

With the placement on the exchange, 4ARTechnologies is the first company in the world to have successfully completed an Initial Coin Offering (ICO) with an existing product and whose cryptocurrency is listed on a trading exchange with a stable value.

The 4ARTcoin is the world’s first cryptocurrency for the art world. It will enable transactions between all art market participants, maximizing security and eliminating transaction or exchange losses. The digital currency further supports the digitization of the global art market, which was accelerated by the COVID-19 pandemic, and the shift of trade to borderless online platforms. In addition, customers of 4ARTechnologies can pay for services within the 4ARTapp using the 4ARTcoin and receive a 20 percent discount.

Since the demand for the 4ARTcoin will increase with the expanding use of the 4ARTapp in the art market, financial experts expect the value of the cryptocurrency will only become higher in the long-term. Currently, the 4ARTcoin can only be purchased and traded by investors on the BITTREX Global exchange.

About 4ARTechnologies

With the goal of protecting the cultural heritage of art for future generations and bringing the global art market into the digital age, 4ARTechnologies is setting a new digital standard for the art world. The company combines the blockchain with its patented technology and offers all art world participants more transparency, security and efficiency.

https://www.4art-technologies.com/services

generated by system

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Contact:
4ARTechnologies AG
Dino Lewkowicz 
dino@4art-technologies.com 
Mobile: +41-78-955-42-44 
www.4art-technologies.com

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https://www.4art-technologies.com/services

PR Newswire

Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity

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STOCKHOLM, July 2, 2020 — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has finalized the split of Zenuity, its software and ADAS joint venture with Volvo Cars. As part of the split, Veoneer received IP licenses and strengthened its software and systems team with around 200 software engineers joining the Company.

On April 2, Veoneer and Volvo Cars announced a preliminary agreement to split the software joint venture Zenuity in order for each company to more effectively drive their respective strategies.  The parties entered into definitive agreements on July 1.  As part of the split, Veoneer received IP licenses and added around 200 software engineers, located in Germany, the US and Sweden, which strengthens its software and systems team focused on the development and commercialization of advanced driver assistance system (ADAS) software for collaborative driving.

As announced earlier, Veoneer expects to achieve annual savings of around $30 – $40 million as a result of the split. As part of the transaction, Veoneer receives cash of around $15 million.

“During the next decade, more than 90% of our available market will be for advanced driver assistance systems and collaborative driving. I would like to give a warm welcome to the talented people that are now joining us, they will be key contributors in our pursuit for leadership in the growing ADAS market”, says Jan Carlson, Chairman, President & CEO, of Veoneer.
 

For more information please contact:
Thomas Jonsson, EVP Communications & IR, tel +46 (0)8 527-762-27
Ray Pekar, VP Investor Relations, tel +1 (248) 794-4537
 

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,600 employees in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).
 

Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

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

https://news.cision.com/veoneer/r/veoneer-and-volvo-cars-finalize-split-of-software-joint-venture-zenuity,c3146864

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PR Newswire

Cloud4C, World’s Leading Cloud Managed Services Provider Launches its Operations in South Korea

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SEOUL, South Korea, July 2, 2020 — Cloud4C, the world’s leading cloud Managed Services announced launch of its operations in South Korea. Cloud4C delivers a broad array of services including cloud migration to hyperscalers, hybrid cloud, cloud managed services, IT modernization services, disaster recovery services and managed security services among others. The company serves 60 of the Fortune 500 Global Multinationals and has presence in 25 countries and 50 locations.

Cloud4C, World’s leading Cloud Managed Services Provider, launched its South Korean Operations
Cloud4C, World’s leading Cloud Managed Services Provider, launched its South Korean Operations

Businesses in South Korea who are looking to embark on digital transformation or IT modernization journey will benefit immensely from Cloud4C service portfolio. Cloud4C is cloud managed services provider with key strategic partnerships with SAP, AWS, Microsoft Azure, Google Cloud Platform, while it brings its own public cloud platform. It has helped SAP launch its SAP HANA Enterprise Cloud across 25 countries and serves world renowned global brands.

Sridhar Pinnapureddy, Founder and CEO, Cloud4C said, "We are delighted to launch our operations in South Korea which is world’s 12th largest economy with a unique geographic position and pursues business-friendly policies with tremendous potential for growth. We plan to enable businesses in South Korea through our wide spectrum of services to help them address their critical business needs through differentiated offerings such as banking community cloud, SAP community cloud, cloud migration services to hyperscale cloud providers and cloud managed services." He further added, "We bring to South Korea our experience of working with 4,000 enterprises from across the world to help CIOs embark on their digital transformation and help them achieve their technology and business goals. We plan to partner with South Korean CIOs to help them play a larger role in evolving their IT strategies and establish digital Leadership."

Cloud4C plans to set up Cloud4C Academy in South Korea in partnership with the Government and leading IT Universities to train and nurture local talents with adequate industry exposure. "We aim to train the youth in South Korea and prepare them for a bright future in cloud computing to help them gain employment and eventually assume leadership roles in the industry," said Sridhar Pinnapureddy.

The company has recently appointed Peter Seo, Country Head and Vice President, he will be based out of Seoul and provide leadership and growth direction to the organization.

Peter Seo said, "Leveraging the existing alliances as Premium Supplier of SAP HANA Enterprise Cloud, we aim to be the number one SAP partner in the region. As an Azure Expert MSP, Advanced Consulting partner of AWS, Managed services partner of GCP and OCI, we have the groundwork to build a collaborative ecosystem to deliver stellar business outcomes for organization in South Korea, China and Japan looking to modernize their IT environment."

About Cloud4C

Cloud4C is the World’s leading Cloud Managed Services Provider serving 4,000 customers in 25 Countries and 50 locations including 60 of the Fortune 500 Global Multinationals. The company provides cloud (public, private, hybrid) and community cloud services (Banking Community Cloud, SAP Community Cloud), cloud migration on hyperscalers such as AWS, Microsoft Azure, Google Cloud, end to end cloud managed services, disaster recovery services, managed security services.

The company plans to expand its geographical footprint to 80 countries and 160 locations worldwide in the next 36 to 48 months.

www.cloud4c.com

Media Contact:
B.S.Rao
Vice President and Global Head (PR and Communications)
bsrao@cloud4c.com 

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PR Newswire

Enea Signs Traffic Management Contract Worth USD 1.3 Million

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STOCKHOLM, July 2, 2020 — Enea has signed a five-year contract for deployment of a Traffic Management platform and related software modules for acceleration and optimization with a local telecom service provider in Egypt. The minimum contract value is USD 1.3 million.

The contract includes a defined number of initial software licenses and associated services, such as integration, support, and maintenance. Software license and integration service revenues are recognized during the platform deployment project which is scheduled to occur during Q3 2020-Q1 2021. The customer has the option to purchase additional licenses in accordance with network traffic usage. Support and maintenance revenues will be recognized during the full contract period.

Enea is a market leader supporting mobile operators around the world in managing wireless network traffic more efficiently (lower total cost of ownership), and effectively (faster network speeds). The Enea Openwave Traffic Management solutions alleviate radio access network (RAN) congestion and maximize customer quality of experience.

"Traffic management technology helps customers handle increasing traffic and improve quality-of-experience for end users", says Jan Häglund, President and CEO of Enea. "The new contract confirms our position as market leader."   

This information is information that Enea AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set below, on July 1, 2020 at 21:00 CEST.

For more information contact:

Jan Häglund, President and CEO
E-mail: jan.haglund@enea.com

Lotta Trulsson, Executive Assistant
E-mail: lotta.trulsson@enea.com
Phone: +46 8 507 140 00

About Enea

Enea is a world-leading supplier of innovative software components for telecommunications and cybersecurity. Focus areas are cloud-native, 5G-ready products for mobile core, network virtualization, and traffic intelligence. More than 3 billion people rely on Enea technologies in their daily lives. Enea is listed on Nasdaq Stockholm. For more information: www.enea.com.   

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

https://news.cision.com/enea-ab/r/enea-signs-traffic-management-contract-worth-usd-1-3-million,c3146903

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