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Recon Technology Announces Closing of $8 million Registered Direct Offering

BEIJING, March 18, 2023 /PRNewswire/ — Recon Technology, Ltd. (NASDAQ: RCON) (“Recon” or the “Company”) announced today the closing of its previously announced registered direct offering with certain accredited investors to purchase approximately $8 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement, for proceeds of approximately $8 million. In addition, ordinary share purchase warrants to purchase an aggregate of 7,950,769 ordinary shares previously issued by the Company to certain institutional investors on June 16, 2021 had the exercise price reduced to $0.80 in connection with this offering.

After deducting the placement agent’s commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $7.1 million. The Company intends to use the net proceeds for general corporate purposes, including for the Company’s research and development needs for current and future products, expansion of marketing efforts, and possible acquisitions of complementary assets or businesses.

Maxim Group LLC (“Maxim”) acted as the sole placement agent in connection with this offering.

The securities described above were offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated December 2, 2022, and declared effective on January 5, 2023. A prospectus supplement related to the offering were filed with the SEC on March 17, 2023 and is available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Recon Technology, Ltd.

Recon Technology, Ltd (NASDAQ: Recon) is China’s first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation (“CNPC”), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn

CliCli Showcases User Generated Content Editor and Platform at GDC 2023

SAN FRANCISCO, March 18, 2023 /PRNewswire/ — CliCli is excited to announce that its innovative accessible game creation tool and global distribution platform, is now available for alpha testing. CliCli seeks to offer more choices to the industry by simplifying game development and offering ample opportunities for financial success to developers.

CliCli’s all-in-one service streamlines the game development process by offering editing tools, distribution, customer support, payment processing, user acquisition, community management, and long-term monetization. Creators don’t need any coding experience to get started – anyone can use CliCli’s graphical user interface to design game logic, control events, conditions, and actions, and access a free-to-use resource library of thousands of editable assets including characters, buildings, and music. CliCli’s flexible monetization modes include options like Free-to-Play, Pay-to-Play, subscriptions, and battle passes, giving creators flexibility in how they achieve financial success.

At GDC 2023, CliCli will debut globally and share its approach to building a sustainable UGC ecosystem. Developers attending the event can visit booth S1332 to try out the innovative game platform, join CliCli’s creator sharing sessions, and win special rewards by completing editor challenges. Several games created by the CliCli editor will also be exclusively revealed at the exhibition, including Game of Rollink.

“We built CliCli to help creators and independent developers overcome the common obstacles encountered when pursuing their passion, including tools learning, audience targeting, game marketing, and earning a living from it. We aim to support every creator in our community and we’re so excited to see how creators use our game creation tool to achieve their dreams.” stated Kun Li, Head of Operation of CliCli.

CliCli continuously supports talented creators through game jams, monthly recurring events, and partnership programs. Hundreds of UGC creators are already using CliCli to build demos, playtest game ideas, and share the fun with their friends.

With CliCli, the possibilities for creators are vast. Join the community today and start developing your dream game!

About CliCli

Based in Singapore, CliCli comprises a team of 200+ passionate industry professionals aiming to build new game experiences with creators around the world.

CliCli is invested in by NetEase Games, the online games division of NetEase, Inc. (NASDAQ: NTES and HKEX: 9999), while all design decisions are that of the CliCli team.

Official Website Facebook
Developer Discord Twitter
Player Discord Reddit
Game of Rollink Itch.io

 

Source: Clicli Interactive Pte. Ltd

ViewSonic Unveils Hybrid Learning Innovations with Stunning 105″ 5K Interactive Display at BETT 2023

Seamlessly Connecting EdTech Across In-class, Online, and Hybrid Learning

BREA, Calif., March 17, 2023 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, is launching a range of comprehensive education technology (EdTech) solutions, with the new addition to ViewSonic’s revolutionary 5K 105″ ViewBoard interactive display. In terms of software, highlights include ViewSonic’s rich digital learning tools from the myViewBoard software suite, and the UNIVERSE by ViewSonic—a 3D virtual campus for online learning. The solutions will be exhibited in in-class, online, and hybrid learning scenarios at the BETT Show 2023 (British Educational Training and Technology Show) in London from 29 to 31, March.

ViewSonic Unveils Hybrid Learning Innovations with Stunning 105 5K Interactive Display at BETT 2023
ViewSonic Unveils Hybrid Learning Innovations with Stunning 105 5K Interactive Display at BETT 2023

“ViewSonic is dedicated to offering innovative visual solutions from hardware, software, service, to digital content. We will continue to implement our Ecosystem as a Service (EaaS) strategy and work with partners across the industry to create a digital education ecosystem that is truly transformative,” said Clifford Chen, General Manager of the Presentation Group at ViewSonic. “At ViewSonic, we believe that technology can expand what’s possible in classrooms. The digital transition is the key to the future of education, which is why we’ve designed a range of advanced solutions that can be seamlessly integrated into learning environments of all kinds.”

As a leading EdTech solutions provider, ViewSonic’s ViewBoard interactive displays and myViewBoard software suites are being adopted by educational institutions around the world. Ranging in size from 24″ to 105″, the company’s ViewBoard is one of the most popular interactive displays in the world[1]; in Q4 of 2022, ViewSonic was ranked first in the global interactive display market, while the beginning of 2023 saw the myViewBoard ecosystem swell to over 8 million users.

ViewSonic’s display at BETT 2023 will offer attendees the ability to experience a range of EdTech solutions across different scenarios:

Taking In-class Learning with Digital Content into the Future

A teacher will use ViewSonic’s ViewBoard IFP8652 4K display and the company’s whiteboarding software to showcase how diverse pre-made digital lesson content from ViewSonic Originals, an online resource exclusively designed for interactive displays, can be used to create engaging learning experiences in the classroom. While more and more educational institutions are digitizing, ViewSonic Originals makes planning and running lessons easier by offering thousands of pieces of content within a user-friendly database.

The company’s latest environmental sensor, Sensor Box, will show how educational institutions can harness technology to optimize conditions such as air quality, humidity, temperature, and automatically switch displays on and off, allowing schools to adhere to the UK Green Building Council guidelines. Additionally, demonstrations of myViewBoard Manager Advanced software will provide insights into how IT departments can remotely manage an entire school’s displays—including multimedia broadcasting, permission management, and addressing technical issues, all of which avoid interrupting classes and allow students to focus on learning.

A New “UNIVERSE” in Online Learning

Recognized by two distinguished EdTech Awards recently, ViewSonic’s innovative UNIVERSE virtual learning platform opens up new opportunities in online learning. Attendees at BETT 2023 will be able to experience how UNIVERSE allows participants to engage in interactive classrooms with new 3D educational content and create unique learning spaces. The platform addresses some of the key challenges faced during online learning by increasing student engagement, encouraging collaboration, and fostering a sense of belonging among students.

Going Hybrid in with Advanced Audiovisuals

To show how higher education can be advanced using hybrid setups to ensure the best learning outcome, ViewSonic will be displaying the 5K 105″ ViewBoard IFP105S, which features a 21:9 ratio display and multi-touch capabilities. Attendees will be able to see how students in-class and in other locations can collaborate simultaneously with a breeze.

Further, the series is flawlessly complemented by ViewSonic’s new Live Mosaic View feature for their latest VB-CAM-201-2. Powered by AI technology, Live Mosaic View can provide close-ups of participants and readjust the view based on each attendee’s activity, ensuring that attendees and speakers are automatically framed and focused, offering a more immersive experience for hybrid meetings.

Visit ViewSonic at BETT 2023, North Hall, Booth NL21, ExCeL London. To find more info and arrange a meeting with ViewSonic’s educational experts at BETT 2023, please visit: https://www.viewsonic.com/uk/bett2023

[1] Source: FutureSource. Rankings include all markets except for China.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com.

Source: ViewSonic Corp.

Redefining Productivity with Winmate ATEX Zone 2 Tablets

Winmate ATEX Zone 2 Tablets Empower Workers in Hazardous Industries

TAIPEI, March 15, 2023 /PRNewswire/ — Winmate Inc. has established a reputation for delivering high-quality, reliable products that withstand challenging environmental conditions, such as the chemical, oil, and gas industries, with its ATEX Zone 2 certified tablets and computer solutions.

At Winmate, we understand that daily computer uses in demanding environments, especially in hazardous areas and extreme weather conditions, places high demands on performance, safety, and operator comfort. The devices must withstand high and extreme physical stress, such as falls, impacts, dust, and liquids. Winmate’s ATEX Zone 2 tablets are built to meet strict safety standards and comply with ATEX directives to ensure that they can be safely used in high-risk environments such as oil refineries, chemical plants, and offshore drilling rigs. These computers are designed to be highly durable, resistant to shock and vibration, and have features such as wide temperature ranges, waterproofing, and built-in communication options to enable seamless data transfer and communication.

Designed for environments where explosive gases may be present

Winmate’s ATEX Zone 2 tablets are specifically designed to operate in hazardous environments where explosive gases may be present. All Winmate’s oil and gas computer solutions, including the ATEX grade tablet computer, are designed to meet strict safety standards and comply with ATEX, IECEx Zone 2, and CID2 directives, a standard for products used in hazardous environments. Tablets with ATEX Zone 2 certification are designed to be used in environments where explosive gases may be present.

Like Winmate’s standard rugged tablets, Winmate’s ATEX Zone 2 tablets are durable and tough enough to withstand accidental drops, impacts, and harsh environmental conditions. With the IP65-rated dust- and waterproof, workers can easily use the rugged tablet.

Easy handling and mobility in hazardous work areas

Winmate ATEX Zone 2 tablet is designed to be compact and lightweight to enable easy handling and mobility in dangerous work areas. Workers can easily hold and operate the Winmate ATEX tablet in one hand while wearing gloves to ensure user comfort and reduce the risk of dropping the device.

Long battery life is essential for workers that may be away from power sources for extended periods. The new enhanced-capacity battery option for the M700DQ8-EX rugged android tablet provides considerable performance improvements over prior models, with up to 20 hours* battery life on a single charge. Or, the hot-swappable battery design (in safe area) of the M101S-EX Windows ATEX tablet is built to meet the need for long-lasting power performance.

*Measured at dimming LCD brightness. The actual duration varies depending on the usage conditions or when an external device is attached.

User-friendly design ready to move, anytime

The optical bonding technology on the Winmate Zone 2 tablets product family makes the display clear and visible in all lighting conditions. This enables easy reading and data visualization in the field. Besides the compact design of the devices, Winmate also offers various accompanying accessories to carry the tablet computers on the job conveniently. Various data collection features are also added to help automate data management, visual inspection, etc. Such as the high-quality front and rear cameras, optional barcode scanner, and RFID reader.

Winmate ATEX Zone 2 tablet are available with Android and Windows IoT operating systems and support strong and reliable connectivity options, such as WLAN, cellular, BT, and GPS, to enable seamless data transfer and communication. Learn more: https://www.winmate.com/Product/M101S-EX

Availability and support

At Winmate, we are committed to facing our customers’ challenges alongside them to provide the right rugged tools to meet industry demands and empower your workforce. We pride ourselves on being one of the best industrial computer manufacturers in the market. We design and build the complete solution. For more product and service information, don’t hesitate to get in touch with us at www.winmate.com 

Source: Winmate Inc.

Aetina to Showcase Its New AI Solutions at Embedded World 2023


NEW TAIPEI CITY, March 13, 2023 /PRNewswire/ — Aetina Corporation, a leading provider of AI solutions for the creations of different types of vertical AI, will showcase its new embedded computers, AI inference platforms, GPUs, AI accelerators, and edge devices management software at upcoming Embedded World 2023.

Aetina to Showcase Its New AI Solutions at Embedded World 2023
Aetina to Showcase Its New AI Solutions at Embedded World 2023

GPU and ASIC Solutions

Aetina provides different types of form factors based on GPUs or ASICs, such as MXMs, graphic cards, and edge computing systems. The MXMs that are powered by NVIDIA Ampere architecture-based GPU offer extra computing power to existing AI systems, ensuring low-latency data analytics tasks. The MXMs and systems that are built with ASICs, on the other hand, are ideal for the creation of any specific applications or AI systems that involve multi-inference processes.

Embedded Computers Powered by NVIDIA Jetson Orin Series

As an Elite member of the NVIDIA Partner Network, Aetina offers a variety of edge computing systems and platforms powered by the NVIDIA® Jetson edge AI and robotics platform. Aetina’s newly released embedded computers are built with the Jetson Orin™ series SoMs—Jetson AGX Orin™, Jetson Orin™ NX, and Jetson Orin Nano™; these small-sized systems and platforms, supporting different peripherals, can be easily integrated into larger AI-powered systems while also being able to function as a standalone AI computer.

AI Inference Platforms

Aetina’s MegaEdge is a series of AI inference platforms that feature a powerful CPU and are compatible with either graphic cards or MXM modules to deal with heavy workloads and complex AI analytic tasks. The latest MegaEdge model supports up to two passively cooled graphics cards and up to two ASIC-based M.2; developers can use the MegaEdge model for high-level AI inference by installing proper graphic cards and AI accelerators into it.

Edge Device Monitoring and Management

Aetina delivers a complete solution to help AI system owners efficiently manage all the edge devices in their system networks even if the devices are located in different places. System owners can set up a private server and monitor all their edge devices with EdgeEye—a cloud management platform created by Aetina to let the system owners quickly find any malfunctioning edge devices that need to be fixed or replaced. EdgeEye features a user-friendly interface that shows the real-time status of all connected edge devices, allowing the system owners to have a clear idea if their devices are functioning normally.

Huawei Unveils Four Scenario-based Solutions for Healthcare, Contributing New Ideas to Smart Hospital Construction

BARCELONA, Spain, March 11, 2023 /PRNewswire/ — During the Mobile World Congress (MWC) 2023, Huawei held a healthcare media roundtable themed “Accelerate the Digital Journey of Healthcare, Create New Value Together”. Xia Zun, President of Huawei Global Public Sector, introduced Huawei’s four scenario-based healthcare solutions and announced the first smart hospital online showcase at Huazhong University of Science and Technology Union Shenzhen Hospital, which is open for the first time to customers outside China.

Xia Zun, President of Huawei Global Public Sector (first from the right)
Xia Zun, President of Huawei Global Public Sector (first from the right)

Xia Zun said, “Healthcare digital transformation is entering the deep-water zone. New digital technologies, such as 5G, F5G, AI, IoT, and cloud computing, are combined with medical engineering to support the innovations in healthcare, and speed up its development. Huawei will stay humble, work with customers and partners, who have the expertise and know-how, and step up our strategic investment to help the healthcare industry accelerate digital transformation.”

All-Optical Medical Imaging Solution for 3D Image Viewing

Huawei’s All-Optical Medical Imaging solution can load thousands of images in seconds and reconstruct the image in 3D with 4K high definition, offering a fast, stable, and intelligent experience.

Digital Pathology Solution to View 1000+ Slices in Seconds

Based on Huawei OceanStor Pacific distributed storage and lossless compression algorithms, Huawei’s Digital Pathology solution speeds up the storage and query of pathological data, and saves more than 30% storage space.

Smart Ward Solution for Intelligent and Wireless Ward Management and Services

Using 5G, IoT, and Wi-Fi technologies, Huawei Smart Ward solution help hospitals reduce management costs, and improve patient experience through healthcare IoT applications, such as IV fluids monitoring, baby theft prevention and etc.

Smart Hospital ICT Infrastructure for Ever-fast, Secure, and Long-lasting Systems

Huawei’s ICT infrastructure solution, featuring active-active DC and converged campus network will ensure that business systems can run 24*7 smoothly.

Huawei is committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Healthcare is one of the key sectors for Huawei’s Global Public Sector business. As of now, along with over 2,000 ecosystem partners, Huawei serves more than 2,800 hospitals and medical research institutions in over 90 countries and regions worldwide.

Media enquiries please contact: hwebgcomms@huawei.com 

WiMi to Work on Convolutional Neural Network-Based Image Enhancement Algorithms

BEIJING, March 8, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that it is working on image enhancement algorithms based on CNN (convolutional neural network). CNNs have had significant achievements in many fields, such as computer vision and natural language processing. Applying convolutional neural networks to image enhancement has obvious advantages and can solve challenges in different environments.

The essence of CNN is to map the input image to a new mathematical model through multiple data transformations or dimensionality reduction. A CNN consists mainly of an input layer, a convolutional layer, a pooling layer, a fully connected layer, and an output layer.

The convolution layer performs a convolution operation on the input image or the output features of the previous layer, calculates the inner product of the entire convolution kernel and the corresponding position of the input image or feature map, and extracts the relevant image feature map. The pooling layer reduces the number of parameters and computational effort in the network by reducing the dimensionality of the activation feature map, maintaining the feature scale invariance property, and reducing overfitting to a certain extent. The pooling layer can downsample the image using the basis associated with the image section, reducing the amount of computational data and retaining valid information values. After multiple convolutional pooling operations on the image, the convolutional neural network classifies the features through the fully connected layer by using the one-dimensional activation feature vector obtained by expanding the three-dimensional activation feature map as input to the fully connected layer.

WiMi’s CNN-based image enhancement algorithms have substantial advantages in both extracting image feature information and feature representation. CNNs can share weights, perform convolutional calculations, and have powerful feature learning and mapping capabilities. It also ensures noise suppression and image detail preservation, has exceptionally high invariance during image displacement, scaling, and other deformations and exhibits better-reconstructed image quality.

CNNs can learn complex hierarchical features of images and accomplish complex image recognition tasks. At the same time, CNN-based feature extraction can understand a picture’s deep semantic feature information. This enables it to capture the contextual content of an image well and to train and learn the input image repeatedly, ultimately obtaining the best image enhancement effect to meet the requirements of the human visual system for images.

Currently, image enhancement algorithms based on CNN are widely used in security, medicine, and ecology. In the era of rapid global information development, world knowledge is increasingly dependent on the explosive transmission of information. Most people still know the world mainly through their eyes. Therefore, images are not only a carrier of human visual information but also an essential medium for disseminating information. To obtain practical information from images quickly, the demand for image quality is increasing, the need for image enhancement will continue to grow, and the field of application of image enhancement technology will be further expanded.

In the future, WiMi’s CNN-based image enhancement algorithm will strive for better progress and greater breakthroughs in visual effects, contrast ratio, and signal-to-noise ratio, laying a solid technical foundation for it to play a more significant role in more industrial fields.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

Cision View original content:https://www.prnewswire.com/news-releases/wimi-to-work-on-convolutional-neural-network-based-image-enhancement-algorithms-301765561.html

Source: WiMi Hologram Cloud Inc.

Martech platform Ortto celebrates record growth on the anniversary of its rebrand

The unified customer data, analytics, and marketing automation platform Ortto, formerly Autopilot, continues to see double-digit monthly growth a year on from its rebrand. The martech company now has more than 3,000 customers globally and was recognized in 49 categories in G2’s biannual report.

SYDNEY, March 8, 2023 /PRNewswire/ — Ortto, which started as Autopilot Journeys in 2015, rebranded in early 2022 following the launch of a revolutionary new platform that allows marketers to effortlessly connect previously siloed data sources to get a complete view of their customers. Marketers can analyze and operationalize this data without the need for specialized support, enabling them to deliver personalized customer journeys at scale, increasing the impact of their campaigns with powerful event-based triggers and AI-content optimization. In the year since the rebrand, Ortto’s users have built some 5,000 journeys and sent more than 210 million emails to their customers, contributing to the  company’s sustained 16% month-on-month growth.

Ortto helps data-driven marketers easily build powerful reports to understand what’s working and make decisions with confidence. Dashboards allow teams to pin key reports to a shared space so they never lose sight of key metrics.
Ortto helps data-driven marketers easily build powerful reports to understand what’s working and make decisions with confidence. Dashboards allow teams to pin key reports to a shared space so they never lose sight of key metrics.

  • The powerful platform received the ‘High Performer’ badge in 11 categories in the G2 Winter 2023 reports, including marketing automation and marketing platform, across multiple regions (APAC, ANZ, Europe, UK, etc.)
  • Ortto was also awarded the ‘Best estimated ROI’ badge and the ‘Easiest to use’ badge in the customer journey mapping categories, as well as the ‘Users Love Us’ badge.
  • The platform was also ranked number one for data personalization by SoftwareReviews.

Customer, Mica Shtewi, Tech Manager at Pattern, comments:

“When you’re moving into a world we’re moving into, you have so many data sources that you’re trying to bring together and various communications to get clients moving through the sales process. We needed something flexible that works and had a robust integration with Salesforce, and with Ortto we can target people the way we want to target them.”

Visually design journeys that automate personalized messages and trigger actions across the customer lifecycle with Ortto.
Visually design journeys that automate personalized messages and trigger actions across the customer lifecycle with Ortto.

Michael Sharkey, CEO and co-founder of Ortto, comments:

“Everyone recognizes the importance of data in building better, more personalized customer experiences, but the problem is, for many businesses, this data is located across a number of different tools and isn’t easily accessible to marketers. That’s why we rebuilt our platform to make it easy to bring all of that data together in one place and remove the barriers to entry, so marketers have ready access to the data they need without having to lodge a ticket or learn SQL. The response to the new platform has been incredible – not only from our Autopilot customers, who are realizing new value through Ortto, but also from new customers who have come on board in the past year.”

About Ortto

Ortto, the world’s first complete marketing automation, AI and analytics platform, empowers marketers to act with confidence and increase their impact on revenue. By combining three powerful tools into one intuitive platform, teams finally benefit from their customer data, messaging, and analytics working together.

Sophisticated yet easy to use, more than 3,000 customers trust Ortto to understand their impact, discover their next marketing opportunity, and continuously iterate to deliver great customer experiences at scale. Learn more at: www.ortto.com 

Launched in 2015, Ortto’s team is located in Australia, Europe and the US. To date, the company has raised $35M in venture funding from backers including Blackbird, Rembrandt and Salesforce Ventures.

Source: Ortto, Inc.

Cloud Packet Core Revenue to Grow from US$11 Billion in 2022 to US$16 Billion in 2027


LONDON, March 7, 2023 /PRNewswire/ — 5G core (5GC) network marks the first ‘G’ that paves the way for CSPs to operate solely in the software layer. Cloud-native EPC functions and 5GC are key drivers for new telecom value creation. With the ongoing adoption of cloudified packet core networks, it is the first time the industry has relied on the core network to introduce something above and beyond enhanced mobile broadband (eMBB). According to a new report from global technology intelligence firm ABI Research, cloud packet core revenue will grow from US$11 billion in 2022 to US$16 billion in 2027.

In a modular and increasingly disaggregated ecosystem characterized by ‘vertical’ and ‘horizontal’ openness, technology choices for software, hardware, and services that underpin packet core buildouts are fundamental for BT, Orange, Telefónica, and Vodafone, among other CSPs, to expand existing MBB business and explore new business opportunities. Global technology intelligence firm ABI Research forecasts that, for MBB, core network application software is expected to grow from US$4.8 billion in 2022 to US$6.6 billion in 2027 at a Compound Annual Growth Rate (CAGR) of 6%.

“Today, much of the traffic going through the packet core is handled via physical network elements. With a growing 5G subscriber base and ongoing adoption of 5GC, the expectation is that 4G traffic shifts to 5G networks,” explains Don Alusha, 5G Core and Edge Networks Senior Analyst at ABI Research. “That, in addition to a rapid proliferation of software-fueled advances, means that today’s classic model for packet core equipment sales will likely take a different structure tomorrow.” What drives that point home is that hardware sales for packet core networks are expected to reach US$3.9 billion in 2027, not a significant growth from the current market valued at US$3.5 billion in 2022. With an ongoing cloudification of packet core networks, the commercial imperative for vendors like Cisco, HPE, and Juniper, among others, is stark: depart from a finite supply of integrated equipment to models based on software where the supply is essentially infinite. 

Further, new value stands to be created in professional services. ABI Research forecasts that packet core services are expected to grow from US$3 billion in 2022 to US$5.2 billion in 2027 at a CAGR of 12%. “There is a growing market for services to help CSPs manage 5G rollouts driven by hardware and software separation, multi-vendor stacks, and expanded business scope drive. In that order. With 3G and 4G, packet core services revolve around one supplier providing their own software and hardware in an integrated fashion to ensure feature alignment, performance, and lifecycle management,” says Alusha. But going forward, with cloud packet core, the industry structure stands to be horizontally stratified. So, the supplier of the future will need to aid CSPs in all aspects of technology – from defining network architecture to managing workloads to building applications potentially coming from diverse suppliers.

The rules of buying and selling packet core are changing. How suppliers build products, drive revenue, the services they offer, and what they do to succeed in an increasingly cloudified ecosystem are all on the table. “For the next few years, the likes of Cisco, HPE, and Juniper must execute a ‘do both’ model. They need to run the current product playbook and layer in a new software-based selling strategy in line with new economic realities, Alusha advises. Ultimately, suppliers must help, not sell. Helping will sell, but selling will not help. Helping requires strong system integration and services capabilities. In addition, the market is becoming more complex and riskier. Success will go to the fittest – not necessarily the biggest -because “bigness” is weakened by commoditization. Innovation in the process – how things get done internally – will be as important as innovation in packet core products that vendors sell,” Alusha concludes.

These findings are from ABI Research’s Network Cloud Infrastructure market data report. This report is part of the company’s 5G Core & Edge Networks research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info: 

Global 
Deborah Petrara 
Tel: +1.516.624.2558 
pr@abiresearch.com

Nintex Names Amit Mathradas Chief Executive Officer


MELBOURNE, Australia, March 4, 2023 /PRNewswire/ — Nintex, the global standard for process intelligence and automation, today announced the appointment of Amit Mathradas as Chief Executive Officer. Mathradas most recently served as President and Chief Operating Officer of Avalara. He succeeds Eric Johnson, following a successful five-year tenure in the role.

Amit Mathradas
Amit Mathradas

“Nintex has built a reputation as a company with deep process expertise, to help customers eliminate manual processes, manage process risk and compliance, and improve communications,” said Mathradas. “A passion for technology and commitment to continuous improvement were the cornerstones upon which Nintex was born and remain a part of our identity today. And that’s why it’s a privilege to join the company at such an exciting time in its history.”

Mathradas is a seasoned operating executive with significant experience leading teams, transformations, go-to-market strategies, and new business development for technology companies. At Avalara, Mathradas was responsible for most of its day-to-day operations and helped lead the business through a period of significant growth. Prior to Avalara, Mathradas was the General Manager and Head of SMB for North America at PayPal. He also served in senior leadership roles at Web.com and Dell.

“Amit’s joining is another strong sign of momentum at Nintex, following the company’s acquisition of process discovery leader Kryon last year,” said Nehal Raj, Co-Managing Partner at TPG Capital. “Amit’s leadership, operational expertise, and vision make him the right person to continue Nintex’s transformation from a leading automation tool into a strategic, enterprise platform for broad-based automation.”

“We also want to recognise Eric for his incredible contributions to Nintex over his decade with the company,” said Stephen Elop, Chairman of Nintex. “Eric has been essential to the company’s growth and success, and we thank him for his leadership.” Johnson will continue to work closely as a senior advisor to TPG.

To learn how more organisations across every industry are going digital faster and transforming the way people work with the Nintex Process Platform, visit https://www.nintex.com/why-nintex/case-studies.

Media Contact
Ben Tamblyn
ben.tamblyn@nintex.com 

About Nintex
Nintex is the global standard for process intelligence and automation. Today more than 10,000 public and private sector organisations across 90 countries turn to the Nintex Process Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating, and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their respective owners.

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