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PR Newswire

Australia’s Most Influential CEO for 2023

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MELBOURNE, Australia, May 19, 2023 /PRNewswire/ — Sri Lankan born, Chamil Fernando, CEO of Alii, has been honoured with the prestigious Most Influential CEO 2023 – Australia award in the accounts payable business category by CEO Monthly in recognition of the remarkable growth and transformative impact he has had on Alii and the business sector in Australia.

Chamil Fernando, CEO, Alii Technology Group Pty Ltd
Chamil Fernando, CEO, Alii Technology Group Pty Ltd

Since taking over the reins in 2021, Alii has experienced unprecedented growth, propelling the company from relative obscurity to becoming one of the most talked-about organisations in the region. Under Fernando’s leadership, Alii has grown over 400% in just over 12 months including a successful Pre-Series A capital round.

Alii’s transformation has been remarkable, marked by numerous achievements and milestones over the last two years. The platform providing a fully automated end-to-end accounts payable automation solution with invoice fraud detection has enabled the company to quadruple its client base in less than 12 months due to the overall efficiencies and time-saving benefits. Under Fernando’s guidance, the company has successfully rebuilt its product, established a robust ecosystem of integration and solution partners, and continue to receive praise and recognition from several satisfied clients.

Fernando’s remarkable journey to becoming the Most Influential CEO 2023 – Australia (Accounts Payable Software) by CEO Monthly is a testament to the extensive experience in executive roles and his exceptional ability to transform businesses within a short timeframe. He attributes Alii’s success to key elements such as having a quality product, fostering a positive company culture, promoting gender balance and equality, developing leadership capabilities, and providing a safe environment for team members to learn and grow. Fernando’s leadership capabilities are widely recognised and has garnered praise for his outstanding contributions to the company’s rapid transformation. 

Mr Fernando shared, “Alii team members have played a crucial role in the company’s success, as it is built on great company culture and values. This recognition is a testament to the hard work and dedication of the entire Alii team. We have fostered a culture of collaboration, innovation, and customer-centricity that has propelled our growth and success. I am immensely proud of what we have achieved, and I am excited about the future of Alii.”

This global recognition alongside other influential CEO’s and businesses further strengthens Alii’s brand and its comprehensive solution offering as the company continues to grow and evolve. With a modern cutting-edge technology used by leading organisations and a steadfast commitment to diversity, inclusivity, and innovation, Alii is poised to reach even greater heights in the future under Fernando’s influential leadership.

About Alii Technology

Alii is the privately owned technology company behind the proprietary software platform that digitises and automates procure-to-pay and accounts payable operations.

With a mission to provide an all-inclusive solution to secure and automate the accounts payable process and allow for inbuilt fraud detection, Alii is used today by leading education institutions, law firms and enterprise organisations across Australia and New Zealand, already helping to safely process more than 1, 000, 000 invoices annually.

With fraud detection and customised workflows and approvals, Alii provides the platform for businesses to engage with a dynamic accounts payable and procure-to-pay automation process to save time, improve visibility and protect the organisation from the risk of fraud.

PR Newswire

QunaSys Launches “Quantum Algorithm Grand Challenge”: Join the Race to Push NISQ Algorithms to the Next Level

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TOKYO, May 18, 2023 /PRNewswire/ — QunaSys, a quantum computing software company, is excited to invite students, researchers, and anyone learning and researching quantum computation and quantum chemistry worldwide to participate in the Quantum Algorithm Grand Challenge (QAGC).

The challenge began on May 3, 2023, and the final submission deadline is July 31, 2023. The top four individuals or teams will have the opportunity to present their algorithms at the workshop hosted by QunaSys during IEEE Quantum Week 2023, taking place in Seattle, USA from September 17 to 22, 2023. Additionally, the top three individuals or teams will receive cash prizes: USD 10,000 for the first place, USD 5,000 for the second place, and USD 3,000 for the third place.

Contest-based research has successfully driven industrialization in fields like machine learning and robotics. It involves benchmarking real problems and competing for improvements. QAGC provides a quantum algorithm platform that evaluates proposed algorithms based on the same criteria, inspiring researchers worldwide to enhance their algorithms through competition. The ultimate goal is to expedite the industrial implementation of quantum computing.

The challenge problem for QAGC is to calculate the ground energy of the modified Fermi-Hubbard model, which closely resembles molecular problems but with a known exact solution. Using this model enables benchmark beyond classically simulatable size. The evaluation will be based on accuracy, measured by the absolute difference between proposed results and the exact solution. The evaluation system will consist of 8 qubits, and the estimated running time should not exceed 1000 seconds.

QAGC presents a perfect opportunity for quantum computing enthusiasts to showcase their skills and creativity. By participating, you will have the chance to push the boundaries of NISQ algorithms and contribute to the advancement of quantum computing technology. Additionally, you will gain valuable insights from other researchers and developers worldwide while becoming part of the thriving quantum computing community.

Join the race today to take NISQ algorithms to the next level! Register for the Quantum Algorithm Grand Challenge now. To learn more about the challenge and how to participate, visit https://www.qagc.org/ for further information.

Contact
QAGC secretariat: qagc@qunasys.com

Source: QunaSys Inc.

PR Newswire

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

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

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

Sercomm Philippines Grand Opening
Sercomm Philippines Grand Opening

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

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

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

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

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

About Sercomm Corporation

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

PR Newswire

USI Launches PCle Gen.5 Mass Production Testing Platform Solution To Boost The Solid-State Drive Industry

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SHANGHAI, May 15, 2023 /PRNewswire/ — With the accelerating popularity of PCIe Gen.5 technology, high-speed data transfer and low latency have become essential application requirements for industries such as gaming, data centers and cloud computing, high-performance computing, artificial intelligence and machine learning, as well as automotive and aerospace. To meet the urgent need of these industries to build product ecosystems supporting this interface, USI has launched its self-developed PCIe Gen.5 mass production test platform solution. As a well-known enterprise with 17 years of expertise in solid-state drive (SSD) products, USI provides end-to-end services from R&D, validation to mass production, and is renowned for its top product quality in the industry. The launch of the PCIe Gen.5 mass production test platform solution demonstrates USI’ technical strength and innovative capabilities in this field.

The transfer rate of PCIe Gen.5 doubles to 32GT/s compared to the previous generation, which requires more stringent signal transmission and the technology supporting ecosystem is not yet complete. The mass production test platform must have stricter design and validation for the controller, PCB material, wire length, signal path, connector, and software settings, resulting in significantly increased development cycle time, technical risk, and cost. Currently, there are just few solutions in the market that support PCIe Gen.5 testing, which are costly, with long lead time, and the supply from foreign manufacturers is limited. USI launches its self-developed mass production test platform solution to address these challenges.

USI’s SSD generic production testing solution has many advantages. The platform is deployed in a standard rack and has a modular design, with testing port modules added or removed as needed. A single cabinet supports testing for 80 U.2 drives or 40 AIC drives, with a single port supporting up to 150W power consumption. The platform also supports all ports running at full PCIe Gen.5 speed simultaneously, with voltage and current measurement and protection, skew testing, hot-swapping, unified platform software management, software upgrades, platform self-verification, flexible capacity configuration options, and affordable total operating costs for the testing platform. These features will provide customers with a more efficient, stable, and flexible testing solution.

Jaguar Meng, PM of Storage Array & Interconnect PLM of USI, said “USI’s self-developed mass production testing platform solution will provide efficient, stable, and flexible testing support for the PCIe Gen.5 industry. In addition, USI also provides customized support based on a generic testing plan. With its intellectual property in the product, we can provide customized PCIe Gen.5 interface product mass production support such as custom interfaces, temperature variation environments, and mass production testing program development based on customers’ specific needs. This will greatly improve users’ production efficiency, reduce technical risks, and enhance product competitiveness.”

This solution showcases USI’s technical strength and innovation in the solid-state drive (SSD) industry and is a testament to the company’s continuous exploration of technology bottlenecks and innovative solutions. With USI’s generic testing solution and customized support, the company will become a reliable partner for PCIe Gen.5 interface production testing, making an important contribution to the development of the entire industry.

About USI (SSE: 601231)

USI, Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 28 sales, production and service locations across four continents of Asia, Europe, Americas and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

PR Newswire

Infobird Co., Ltd Announces 1-for-5 Share Consolidation

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BEIJING, May 12, 2023 /PRNewswire/ — Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced that it plans to implement a 1-for-5 share consolidation of its ordinary shares (the “Share Consolidation”), effective on May 15, 2023.

Beginning with the opening of trading on May 15, 2023, the Company’s ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “IFBD”, but under a new CUSIP number of G47724110. The objective of the Share Consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.

Upon the effectiveness of the Share Consolidation, every five issued and outstanding ordinary shares of a par value of US$0.005 each will automatically be converted into one issued and outstanding ordinary share of a par value of US$0.025 each. No fractional shares will be issued as a result of the Share Consolidation. Instead, any fractional shares that would have resulted from the Share Consolidation will be rounded up to the next whole number. The Share Consolidation affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding ordinary shares, except for adjustments that may result from the treatment of fractional shares.

The Share Consolidation was approved by the Company’s board of directors on April 26, 2023 and its shareholders on May 12, 2023. The Company has filed a Fourth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies.

About Infobird Co., Ltd

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information, visit Infobird’s website at www.Infobird.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans”, “will,” “future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company’s filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

PR Newswire

Computer Vision software developer VisualCortex joins Axis Technology Partner Program

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VisualCortex joins Axis Technology Integration Partner Program to deliver computer vision software and video analytics solutions to Axis Communications’ global network of customers and partners across 50 countries

SYDNEY and LUND, Sweden, May 11, 2023 /PRNewswire/ — VisualCortex – the Video Intelligence Platform connecting computer vision’s potential to real-world business outcomes – has signed an agreement with Axis Communications, a leader in network video solutions, joining the Axis Technology Integration Partner Program.


Under the terms of the agreement, VisualCortex will make its video analytics technology – particularly its People Counting Solution and Vehicle Counting Solution – readily accessible to Axis Communications clients, partners and system integrators across the globe.

“As an Axis Technology Integration Partner, VisualCortex will provide dedicated integrations and support to enable Axis Communications’ global ecosystem to take full advantage of our platform approach to computer vision,” said VisualCortex CEO and Co-Founder, Patrick Elliott. “Axis Communications is a recognized leader in video surveillance and innovative network solutions. With a presence in over 50 countries, building the VisualCortex – Axis relationship is a vital part of our global growth plans and partner-based go-to-market strategy.”

“Axis’ channel-centric business model recognizes that the specialist knowledge and capabilities of partners like VisualCortex play a critical role in driving the shift from analog to digital video surveillance – something we’ve been doing for over 30 years,” said Regional Director for Oceania at Axis Communications, Wai King Wong. “Supporting vendors like VisualCortex to develop deep integrations to Axis devices has been a core part of Axis’ customer enablement strategy.”

“The Axis Technology Integration Partner Program is a powerful collaboration platform that provides our partners with the tools and resources needed to develop advanced video surveillance solutions that truly empower our customers,” said Wai King Wong. “The Axis Technology Integration Partner Program gives VisualCortex access to the tools, technical support and symbiotic marketing opportunities needed to deliver world-class video analytics solutions to our customers in quick-time. This strategic partnership marks a pivotal step in our global growth plans and partner-based go-to-market strategy, and we are excited to be working with VisualCortex to deliver cutting-edge solutions to our valued customers worldwide.”

About VisualCortex

VisualCortex is making video data actionable in the enterprise. Its Video Intelligence Platform provides the stability and flexibility to productionize computer vision technology at scale. Able to be used for any video analytics use case in any industry, VisualCortex’s production-ready cloud-based environment transforms video assets into analyzable streams of data.

The VisualCortex platform delivers the artificial intelligence smarts, governance and usability, enabling organizations to connect any number of video streams, repositories and use existing commodity hardware. An intuitive user interface, out-of-the-box reporting, range of configurations and integrations empower non-technical people to produce, analyze and act on insights derived from computer vision throughout the enterprise. Organizations can easily combine these AI-generated video insights with other data sources and systems to facilitate both real-time operations and strategic analysis. The VisualCortex Model Store also provides a secure marketplace for customers, partners and independent machine learning experts to share quality controlled computer vision models. 

For more information, visit www.visualcortex.com

About Axis Communications

Axis enables a smarter and safer world by creating solutions for improving security and business performance. As a network technology company and industry leader, Axis offers solutions in video surveillance, access control, intercom, and audio systems. They are enhanced by intelligent analytics applications and supported by high-quality training.

Axis has around 4,000 dedicated employees in over 50 countries and collaborates with technology and system integration partners worldwide to deliver customer solutions. Axis was founded in 1984, and the headquarters are in Lund, Sweden.

For further media information, interviews or images, or product demonstrations, please contact:

Lachlan James, VisualCortex Chief Marketing Officer, on +61 (0)431 835 658 or lachlan.james@visualcortex.com

For regular updates, follow VisualCortex on Twitter (@VisualCortexApp), LinkedIn (VisualCortex), YouTube (VisualCortex) and Facebook (@VisualCortexApp).

For regular industry news and analysis, subscribe to VisualCortex’s mailing list here: https://visualcortex.com/contact-us/

PR Newswire

Wondershare Filmora’s New Color Features Will Help Users Get The Aesthetic They Want

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VANCOUVER, BC, May 6, 2023 /PRNewswire/ — Wondershare’s popular video editor, Filmora, recently launched a new color update in its latest version, Filmora 12.3, that will help users easily achieve their desired look in seconds. To help creators get the right color theme, the smart color matching and color correction tools will assist in correcting color imbalances and enhancing visual quality without a heavy learning curve. Download now.

Creativity Simplified. Get The Perfect Aesthetic in Seconds With Wondershare Filmora
Creativity Simplified. Get The Perfect Aesthetic in Seconds With Wondershare Filmora

Whether the users are a beginner video editor looking for a quick editing solution, a video creator looking to use a consistent aesthetic, or a professional who needs a visual theme, this update will make color editing easier than ever before. Some examples of what can be done include:

  • Correct color imbalances — making the video look more natural according to environmental surroundings by balancing out the contrast and lighting in the clips
  • Enhance visual quality through consistency — using lookup tables or the color temperature features to unify different clips into the same color tone to have a consistent look
  • Achieve a particular desired look — using color match and color correction tools to mimic a particular artist’s style

With these advanced new features in Filmora 12.3, creators at any skill level can effortlessly reduce the time and energy needed in the post-production process.

“In its past iterations, Wondershare Filmora established itself as the most intuitive video editing software for creators who enjoy videography,” said Desmond, Filmora Head of Product. “We wanted to continue down this path and empower creators further by enhancing certain features that would otherwise require years of experience and specific skills to use.” 

With this new update on the color features, Wondershare will once again be taking a step forward in achieving its mission — shaping the next generation of storytelling with easy-to-use software. Currently, millions of users in over 150 different countries are benefiting from the new features that Wondershare Filmora provides.

Compatibility and Price

Wondershare Filmora 12 is compatible with Windows PC, Mac, Android Phone, iPhone, iPad, and Android Tablet. Pricing starts at $49.99 per year. To get the free trial of Filmora 12, please visit https://filmora.wondershare.com/. Learn more about Filmora on YouTube, Facebook, Twitter and Instagram. 

About Filmora 12

Filmora 12 has been designed with the user in mind, featuring smoother performance and a new, intuitive UX and UI design. With advanced AI functions, over 2,000 media resources, new royalty-free music, 3D LUTs, effects, and pre-set templates, you will have everything you need to perfect your videos while maintaining your creative vision.

About Wondershare

Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.

Media Contact

Iris Liu
irisl@wondershare.com

PR Newswire

Pando raises $30 million amidst funding winter, to future-proof enterprise supply chains

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Led by Iron Pillar, the round saw participation from Uncorrelated Ventures, Nexus Venture Partners, Chiratae Ventures, Next47 and prominent angel investors.

SAN JOSE, Calif. and CHENNAI, India, May 4, 2023 /PRNewswire/ — Supply chain software leader, Pando, today announced its Series B funding of $30 million, bringing total capital raised so far, to $45 million. The round was led by marquee Silicon Valley investors Iron Pillar and Uncorrelated Ventures, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. Several prominent American CEOs and angel investors also participated in this round including David Dorman, Chairman of CVS Health and Director on the Boards of Dell and Paypal, Tom Noonan, Director on the Boards of New York Stock Exchange and SalesLoft, Scott Kirk of Bain Capital, Paul Brown of Dunkin’, Baskin-Robbins and Neiman Marcus, Nick Mehta of Gainsight, and Amar Goel of Pubmatic. The fresh funds will be used to drive Pando’s growth across geographies and industries.

Abhijeet Manohar (left) & Nitin Jayakrishnan (right), co-founders of Pando at the company’s APAC HQ
Abhijeet Manohar (left) & Nitin Jayakrishnan (right), co-founders of Pando at the company’s APAC HQ

In the last few years, supply chain disruptions have peaked, hindering business growth and consumers’ access to quality products. According to a recent Deloitte survey, over 70% of manufacturing executives reported that their companies have been impacted by supply chain disruptions in the past year, with 90% of those companies experiencing increased costs and declining productivity. With global enterprises investing in supply chain technology to improve agility, efficiency and resilience, the logistics tech market is estimated to grow to $25 billion by 2025. Pando is well-positioned to ride this growth wave, and drive supply chain agility for the 2030 economy.

Investors see Pando’s platform as critical in the modern supply chain toolkit to bring innovation and resilience to the industry. Mohanjit Jolly, Partner at Iron Pillar who led the Series B, believes that Pando is uniquely positioned to be a global leader in this growing category. “The Logistics Tech market is ripe for disruption – there is high demand caused by volatility, legacy competition that is trying to catch up and a trend towards bundling point solutions. Pando addresses the problem holistically and, with its world-class talent in India and the US, takes a global view to IP-led product development. Their growth with multiple Fortune 500 companies is testimony to the quality of the product and management team, but their focus on building a large long-term business is what got us excited to partner with Abhijeet and Nitin. Iron Pillar is eager to leverage its global network of customers, partners, strategic capital and more to help accelerate Pando’s journey.”

Pando’s recently launched Fulfillment Cloud is a ‘single pane of glass’ to streamline the end-to-end order-to-fulfillment process of manufacturers, distributors, retailers, and 3PLs. This AI-powered, no-code platform for collaborative fulfillment has proven itself globally, improving service levels, and reducing carbon footprint and costs for several Fortune 500 enterprises such as Johnson & Johnson, Procter & Gamble, Nestle, Nivea, Accuride, Danaher, Perfetti Van Melle, and BP Castrol.

“Pando’s Fulfillment Cloud has been proven across several industries in the last few years, with strong revenue growth, marquee customer logos, high CSATs, and a fully built-out enterprise-grade platform. Pando is now expanding into new industries and geographies, especially the US.” said Abhishek Sharma, Managing Director at Nexus Venture Partners who seeded the company in 2018.

Parvesh Ghai, CRO – Asia Pacific, agrees, “Since Pando’s Series A in 2020, our revenue has grown 8x, and our customer base, 5x. We’re scaling our North America and Global business with marquee customer wins and a network of strong partners.” John Zimmerman, CRO – North America & Europe, adds, “Many large companies in North America and Europe are consolidating their supply chain technology from siloed point solutions to unified platforms, and in-sourcing their logistics from 3PLs. Pando’s solution is timely – its end-to-end capabilities and quantifiable value-driven success stories with marquee global brands is driving significant traction in the US market, where supply chain leaders are clamouring for change.”

“Most of the brands we love and live with are weighed down by legacy logistics tools that make their products less affordable, accessible and eco-friendly. Pando’s platform allows these brands to automate manual processes, modernize legacy systems and plug the gaps between tools without multi-year transformations, delivering change here and now,” said Nitin Jayakrishnan, Pando’s CEO.

Pando’s CTO, Abhijeet Manohar, said, “Whether we take HRMS, CRM, ITSM or SCM – ultimately, enterprise processes are data problems. Enterprises are struggling to piece together a comprehensive view of their supply chain. Just like how the world evolved from legacy applications to new-age cloud technology in these categories, supply chain software is evolving towards Pando.”

About Pando: 

Pando is a global leader in supply chain technology with its AI-powered, no-code Fulfillment Cloud platform. Pando’s Fulfillment Cloud provides manufacturers, retailers, and 3PLs with a single pane of glass to streamline the end-to-end order-to-fulfillment process to improve service levels and reduce carbon footprint and costs. As a partner of choice for Fortune 500 enterprises globally, with a presence across APAC and the US, Pando is recognized by Technology Pioneer by the World Economic Forum (WEF), and as one of the fastest-growing technology companies by Deloitte.

If you are embarking on digital transformation for your logistics operations, reach out to Pando at https://www.pando.ai.

PR Newswire

Straive Appoints Ankor Rai as Chief Executive Officer

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SINGAPORE, May 3, 2023 /PRNewswire/ — Straive, a leader in delivering technology-driven data/AI solutions for EdTech, Research, and Information Services to leading global organizations, today announced the appointment of Ankor Rai, an experienced data technology leader, as its Chief Executive Officer. Straive is owned by BPEA EQT, part of EQT Group, a purpose-driven global investment organization focused on active ownership strategies.

Ankor succeeds Ratan Datta, who led Straive for over a decade, with the last seven years as President and CEO. Effective May 1, Ratan will assume the role of Vice Chairman to support the transition to Ankor and will continue to be a member of Straive’s board of directors.

Ankor joins Straive from EXL, where he was a member of the Executive Committee and served as Executive Vice President and Chief Digital Officer. Over 20+ years, Ankor has led the growth of high-value data-led tech businesses by developing high-impact solutions for Fortune 1000 companies across North America, the UK, and Asia. Ankor helped grow EXL’s Analytics business from a niche analytics practice into a full-stack analytics powerhouse. Before that, he was a partner at Inductis, one of the original pioneers of data and analytics in the industry.

“Over the last 15 years, Ratan has greatly influenced the company’s growth and diversification. The transformation he has brought in the company’s strategy and structure leaves Straive positioned well for the future. On behalf of our Board of Directors, I would like to thank Ratan for his exceptional leadership at Straive. Ankor brings an outstanding track record of building customer-centric data, analytics, and AI businesses to service clients across sectors and geographies. I am excited to welcome Ankor to the firm, and I look forward to working with Ankor, complemented by our talented leadership team, to take Straive to new heights,” said Josh Blair, Chairman of the Board.

“I am very excited about the market opportunity for Straive. Today, we help our clients create new data, insights, and knowledge and integrate that into complex digital workflows for learning and education, scientific research, and other business operations. As our clients address new opportunities around data, analytics, AI, and digital technologies, Straive’s capabilities are critical to executing such complex transformations seamlessly,” said Ankor Rai.

“We are thrilled to have Ankor join Straive as the Chief Executive Officer. His experience in building data analytics and AI business at scale, combined with the experience of integrating such next-gen capabilities into redesigned human-in-loop operations, is critical for our clients today. We look forward to Ankor deepening our relationship with our clients by adding even more value to their businesses,” said Hari Gopalakrishnan, Partner, BPEA EQT.

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 seven countries: Singapore (headquarters), India, Philippines, USA, Nicaragua, Vietnam, and the UK.

PR Newswire

Akamai Announces Brand Protector to Defend Against Phishing Attacks and Fake Websites

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SINGAPORE, April 26, 2023 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Brand Protector, a new solution that detect and disrupt phishing sites, fake stores, and brand impersonations. Brand Protector enables organizations to retain and grow customer loyalty while minimizing loss, drops in productivity and bad customer feedback.

According to Google, over 50,000 new phishing websites are created every week. Akamai Brand Protector inspects trillions of digital activities a day across both internal and external sources to discover abuse of an organization’s brand – often before an attack campaign launches. This shields businesses from revenue loss and increased risk by combating fake goods sales, phishing sites and unauthorized use of brand elements outside of its environment and across the internet.

Brand Protector addresses the problem of fraudulent impersonations with a four-step approach:

  • Intelligence: As the world’s largest distributed edge and cloud platform, our proprietary view across the worldwide web traffic analyzes over 600 TB of data a day. The depth of intelligence in Brand Protector is enhanced with third-party data feeds for holistic visibility into attacker actions everywhere.
  • Detection: Today’s brand attacks automate the deployment of malicious, short-lived websites. Akamai Brand Protector traces live traffic to detect brand abuse often before a phishing campaign begins – instead of relying on refreshed lists or delayed feeds. The outcome reduces attack impact, protecting customers and brand trust.
  • Visibility: Customer-centric design gives security teams vital security insight in a single dashboard view. After receiving intelligence, data signals are run through a series of heuristic and AI detectors. Akamai’s simplified user interface provides an instant understanding of real-time threats to customers via impersonations. Findings are ranked by threat score and users click into an alert to view analyzed threat data including confidence score, severity rating, number of affected users and a timeline of attack events.
  • Mitigation: Integrated takedown services help close the loop to combat brand fraud. Brand Protector enables security teams to issue a takedown request of the abusive site right in the detection screen. Takedown requests for Brand Protector automatically attach the detection’s evidence and supporting details for ease of use.

“Attackers are increasingly abusing trusted brand names to lure end-users through phishing and fake sites for the promise of financial gain,” said Rupesh Chokshi, Senior Vice President and General Manager, Application Security at Akamai. “Detecting the rapid deployment of these attack campaigns and mitigating them can be a challenge for global brands. Brand Protector retains customer loyalty and revenue by addressing these external attack campaigns before they can gain momentum.”

To learn more about Akamai’s Brand Protector and other products and capabilities that empower customers to provide consistent online experiences, please visit: https://www.akamai.com/products.

About Akamai

Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai’s security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.

Source: Akamai Technologies, Inc.