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PR Newswire

Lichen China Limited Announces Pricing of US$16 Million Initial Public Offering

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JINJIANG, China, Feb. 6, 2023 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”), a dedicated financial and taxation service provider in China, today announced the pricing of its initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on February 6, 2023 under the ticker symbol “LICN.”

The Company expects to receive aggregate gross proceeds of US$16 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about February 8, 2023, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used to expand the Company’s financial and taxation solution services, strengthen research and development (“R&D”) capabilities and expand self-developed software, improve brand recognition through multi-channel marketing, and working capital and general corporate matters.

The Offering is being conducted on a firm commitment basis. Univest Securities, LLC is acting as the underwriter and book-running manager for the Offering. Ortoli Rosenstadt LLP is acting as U.S. counsel to the Company, and Hunter Fischer Taubman & Li LLC is acting as U.S. counsel to Univest Securities, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333- 264624) and was declared effective by the SEC on February 3, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering, when available, may be obtained from Univest Securities, LLC, by email at info@univest.us, or by standard mail to Univest Securities, LLC, 75 Rockefeller Plaza Suite 18C, New York, NY 10019. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Lichen China Limited 

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

Cision View original content:https://www.prnewswire.com/news-releases/lichen-china-limited-announces-pricing-of-us16-million-initial-public-offering-301739365.html

PR Newswire

Aratek TruFace: A Smarter Biometric Security Solution for Access Control

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TAIPEI, Feb. 6, 2023 /PRNewswire/ — Aratek, a biometrics and security industry leader, has recently launched “Aratek TruFace,” a comprehensive biometric security solution designed to revolutionize access control security and maximize workforce efficiency.

The Aratek Truface biometric access control system provides you with cutting-edge facial recognition technology, offering you with unmatched protection in just minutes.
The Aratek Truface biometric access control system provides you with cutting-edge facial recognition technology, offering you with unmatched protection in just minutes.

The Aratek TruFace solution is the perfect way to keep your facility protected. With biometric access control, visitor management, and time attendance tracking capabilities, it’s a great fit for institutions in numerous industries like education, government, healthcare, business, law enforcement, retail, and hospitality.

Easy integration with your current security infrastructures 

The Aratek TruFace solution is a breeze to set up and use. “Our API and SDK make it super easy to integrate its applications with your security infrastructure, like video surveillance or alarm systems, plus HR management platforms like attendance tracking and payroll systems,” said Samuel Wu, Aratek’s VP for International Business Division.

“The Aratek TruFace provides a painless biometric access control and attendance tracking solution that anyone can use almost out of the box – without need for lengthy training or complicated set-up so you can enjoy better security and efficiency in no time,” Samuel Wu explained.

Streamline access control with a single powerful biometric solution 

The Aratek TruFace solution combines the cutting-edge “Aratek BA8300” facial recognition terminal with the powerful “Aratek TruFace Manager” software platform, delivering an intuitive and robust system for any business.

  • Aratek TruFace hardware: An unmatched facial recognition terminal 

The “Aratek BA8300” facial recognition terminal supports multi-factor authentication with fingerprint, RFID card, barcode, and facial recognition. With this device in your building, you can secure access and maximize usability across multiple applications.

“Users can gain access by having their faces, fingerprints, or RFID cards scanned, or in combination modes, adding an additional layer of security to protected areas,” Samuel Wu noted.

  • Aratek TruFace software: Amplify your security with innovative platform 

The powerful “Aratek TruFace Manager” software platform gives administrators full control over device management, device diagnostics, access control rule setting, and attendance tracking. Its intuitive overview dashboard lets admins visualize performance metrics in clear reports.

Plus, with its mobile app for Android and iOS phones, employees can manage attendance remotely with features such as punching in/out, applying for leaves and generating attendance reports. This solution offers businesses a reliable, secure and convenient way to monitor and bolster their security needs.

About Aratek Biometrics

Aratek is a global leader in the biometrics and security industries. For over 20 years, we’ve been providing cutting-edge biometric products tailored to the needs of governments, schools, banks, and a variety of other institutions in becoming more secure and efficient. From state-of-the-art fingerprint scanners and facial recognition access control devices, all the way up to robust physical security systems and biometric softwares – Aratek will have you covered when it comes to tackling your toughest challenges!

PR Newswire

Music Licensing, Inc. (OTC:SONG) to Enhance AI-Based Music with ChatGPT Technology

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NAPLES, Fla., Feb. 4, 2023 /PRNewswire/ — Music Licensing, Inc. (OTC: SONG) is excited to announce its plans to explore using ChatGPT to enhance the already established artificial intelligence program that creates music for its wholly-owned subsidiary, Pro Music Rights, Inc.

Pro Music Rights, founded in 2018 by Jake P. Noch, has been working on AI-based music since as early as 2017 and currently has a catalog of AI production-based music with human input that has been registered with the US Copyright Office. With the use of ChatGPT, the company hopes to improve the quality of its works and increase the speed of Pro Music Rights’ expansion into other product lines such as Master Rights, mechanical rights, synchronization rights, and other subscription-based licensing audio services, and add to Pro Music Rights public performance rights repertoire.

Jake P. Noch, a pioneer in the use of AI in music, sees this as a pivotal moment for the industry. “I have always been an early adopter of AI in music, and with the rise of ChatGPT, I believe we have a unique opportunity to take AI-based music to the next level,” he stated.

Music Licensing, Inc. and Pro Music Rights, Inc. are committed to delivering high-quality AI-based music to its shareholders and customers. With the use of ChatGPT, the company is confident that it can take its AI-based music to new heights and continue its growth trajectory in the industry as well as it’s pre-existing expansion plans and business models

About Pro Music Rights, Inc. (ProMusicRights.com)

Pro Music Rights the 5th public performance rights organization (PRO) ever formed in the United States. Its licensees include notable companies like TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and hundreds of others. Pro Music Rights controls an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy, and countless others. For more information, please visit promusicrights.com.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Source: Music Licensing, Inc.

PR Newswire

Quixant launches the QMAX Gaming platform, the Gaming industry’s most powerful and feature-rich PC

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CAMBRIDGE, England, Feb. 3, 2023 /PRNewswire/ — Quixant is pleased to announce the launch of its market-leading QMAX Gaming hardware platform, designed to deliver the highest resolution content, smoothest gameplay, and the ultimate player experience.

The new platform is powered by Intel®, offering exceptional GPU performance, and is available with or without a dGPU, allowing customers to increase their hardware performance by adding their graphics card of choice.

Quixant launches the QMAX Gaming hardware platform, the most powerful and feature-rich Gaming PC
Quixant launches the QMAX Gaming hardware platform, the most powerful and feature-rich Gaming PC

Highly customizable, it meets the requirements of all major global Gaming jurisdictions, including GLI-11. It comes with Quixant’s game-optimizing Software solutions as standard which optimize game development and delivery and allow customers to focus on content development without worrying about regulatory requirements.

Commenting on the launch, Duncan Faithfull, EVP, and CCO at Quixant said “We believe our customers’ focus should be on content, not developing hardware solutions to build them on. They need the freedom to develop content with the confidence that their solution is reliable and as powerful as their imagination needs it to be. That’s why Quixant developed, IQ, IQON, and QMAX, its range or Gaming PCs designed to provide maximum performance based on budget, market, and product needs. The new QMAX is our most powerful and feature-rich platform yet, giving customers a platform that goes as far as their imagination can.”

Duncan continued: “Whilst developing specialist, game-changing technology is core to the Quixant offering, partnerships are equally important – it’s our responsibility to support our customers to make sure that they get the most out of their Quixant products. Our team is always on hand to enable customers to maximise the potential of their QMAX platform, so they can focus on the aspects that allow them to get ahead of the game.”

He concluded: “After launching Quantum and Qinetic, our range of modular Gaming and Sports betting cabinets, we identified the need to expand our Software Solutions to further support customers. We now offer a comprehensive suite of software and integration support solutions, which allow game designers to focus their efforts on developing the ultimate game content and player experience, as well as enabling management of the cabinet the game sits on, and a collection of integration solutions. We would love to discuss this with game manufacturers who are looking to enhance their content and expedite the time it takes to get their cabinets to market.”

Find out more at quixant.com

PR Newswire

Prince Retail Transforms Its End-to-end Supplier Collaboration Process with Algonomy’s Vendor Link

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BENGALURU, India, Feb. 2, 2023 /PRNewswire/ — Prince Retail, a chain of retail and wholesale stores based in Cebu City, Philippines, announced that they have successfully transformed data and process collaboration with their suppliers using Vendor Link, Algonomy’s Supplier Collaboration platform.

Algonomy
Algonomy

Prince Retail is leveraging Vendor Link to bring greater visibility into its supply chain processes – from ordering to delivery to payment. Prior to implementing the platform, these were done manually via phone calls, text messages, emails, or fax, often resulting in errors and inefficiencies.

With Vendor Link, the vendors could access their POS data, which helped them gauge demand in the stores based on consumer sentiment, not just purchase orders. This helped them with their own forecasting to improve their assortment planning and stock availability. As a result, Prince Retail gets more efficient and profitable inventory/stock allocation across its stores and more relevant promoted packs and assortment. 

Prince Retail uses Vendor Link to improve collaboration between its vendors and merchandising teams for operational and transactional activities such as order management, scheduling, and payments. Further, the platform enables seamless data sharing to plan faster and more accurately for promotions and programs.

“Our objective was to create greater transparency and improve process efficiency across the supplier ecosystem. Vendor Link has more than met our expectations. The platform has created a data-driven culture among our internal teams and suppliers, helping make better decisions on a day-to-day basis,” said Rina Janine Go, Chief Merchandising, Marketing, and Distribution Officer at Prince Retail.

Using Vendor Link, Prince Retail is able to save a lot of time on the ordering process and no longer faces issues wherein buyers forget to send all the purchase orders of all the stores. Manual and recurring mistakes have been eliminated, and more time is spent on value-adding activities. Payment visibility has been a huge plus for vendors who can track their payments better and improve their delivery schedule. 

Thanks to data sharing, most of the vendors’ programs are now data-driven and more impactful, as they are able to track their performance and their competitors’ performance with ease. 

Further, Prince Retail sees fewer resources wasted on promotions and programs, and less overstocked inventory on products that don’t move as well or promotions that don’t work as well. Improved stock availability is also seen with better visibility on payments.

“Vendor Link is a comprehensive web-based collaboration platform that removes operational silos between vendors and retailers by automating and streamlining end-to-end operations,” said Amit Agarwal, SVP of Business Development at Algonomy. “We’re excited to help Prince Retail drive costs down, reduce wastage, and improve profitability.” 

Prince Retail also solved issues in their order-to-pay cycle, especially with fast-moving consumer goods (FMCG) vendors. Disputes on several aspects like actual quantity received, rebate deduction, and discounts were often reconciliation issues. Payment reconciliation often became the reason why the retailer’s succeeding orders were not served, which resulted in poor stock availability in stores.

Vendor Link served as a solution that enabled a faster and more efficient Accounts Payable (AP) process and provided better visibility of the order-to-pay cycle from when the suppliers delivered goods to the warehouses. As a result, fill rates rose and on-shelf availability improved. Furthermore, this helped Prince Retail significantly improve its relationship with suppliers.

About Algonomy

Algonomy (previously Manthan-RichRelevance) empowers leading brands to become digital-first with the industry’s only real-time Algorithmic Customer Engagement Platform that unifies data, decisioning, and orchestration across marketing, digital commerce, and merchandising for the retail industry. With industry-leading retail AI connecting demand to supply with a real-time customer data platform as the foundation, Algonomy enables 1:1 omnichannel personalization, customer journey orchestration, merchandise analytics, and supplier collaboration. Algonomy is a trusted partner to more than 400 leading retailers and brands, QSRs, convenience stores, and more; with a global presence spanning over 20 countries. More at algonomy.com.

PR Newswire

STL continues positive momentum towards global leadership and profitability

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  • Revenue increases by 28% , EBITDA by 17% on year till date (YTD) basis
  • 73% revenue growth in global markets on YTD basis
  • Optical business revenues zoom 1.8X, EBITDA 3X on YoY basis

SYDNEY, Jan. 27, 2023 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the quarter ended 31 December 2022. STL demonstrated sharp focus on growth areas, operational efficiencies and strategic capital allocation resulting in strong financial performance. Company revenues grew by 46% on YoY basis and 28% on YTD (year till date) basis and EBITDA increased by 17% on YTD basis.

STL Q3 FY23 at a glance
STL Q3 FY23 at a glance

Fibre dense networks have become absolutely critical for both digital inclusion and advanced use cases. Service providers across the globe want to take more fibre, faster to their customers. In India, the 5G rollout is in full steam and presents the need for rapid fiberisation. STL is constantly investing in fundamental capabilities and R&D to pack in more capacity and innovation into these optical network builds. The company is driving towards scalable growth in the Optical business and sustainable revenue streams in the Global Services business.

Here are some key performance highlights:

  1. 73% revenue growth in global markets (YTD) – With integrated value chain and capabilities on optical side, STL continued to win in its focus markets of US and Europe. STL’s fibre manufacturing facility in China and cable facility in the US have begun commercial operations and will help the company capture new demand
  2. Robust order book of 1514 USD Mn – On the back of its capability to engineer unique solutions for service providers, the company signed multi-million, multi-year contracts with top-tier service providers
  3. Greater traction on optical interconnect – Supporting FTTx rollouts, STL won a multi-million dollar deal for optical interconnect – which comprises of plug and play FTTx accessories and connectorised solutions – with a leading European telecom service provider
  4. Fiberisation orders in India on the back of 5G roll outs – The company partnered with Indian service providers for their pan-India fibre roll out plans with orders worth ~63 USD Mn
  5. Progress on Net Zero goals – Keeping a close eye on its ambition to become Net-zero by 2030, STL concerted its efforts on sustainable operations by reducing its carbon emissions by 6,400 tCO2e, and diverting 33,000+ MT of waste from landfills. It also continued to press forward on water stewardship initiatives by harvesting and recycling of more than 125,000 m3 of water

Key financial highlights

STL continued the positive momentum while focusing on prudent capital allocation and profitability. Specifically on the optical business, the company recorded a 78% YoY increase in revenue on the back of customer wins and  better realisations

Financials* USD Mn

9M (YTD)
FY22

9M (YTD)
FY23

YTD (9M
growth)

Q2 FY23

Q3 FY23

QoQ
growth

Revenue

494

634

28 %

211

236

12 %

EBITDA

70

82

17 %

29

32

8 %

*Financials from continued operations

Commenting about the company’s performance, Ankit Agarwal, Managing Director, STL said, “Our performance this quarter has been strong. Sharp focus on cash and profitability, and calibrated exits from sub-scale businesses have poised us for long-term growth. I am excited about the market momentum and the pace of customer wins in our key markets. As we look ahead, I see technology innovation and R&D playing a pivotal role in our journey to become one of the top 3 optical players in the world. Quarter four and beyond, we will continue to prioritise growth areas, optimise our capital structure, and execute with discipline.

About STL – Sterlite Technologies Ltd

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. The company, driven by its purpose of ‘Transforming Billions of Lives by Connecting the World’, designs and manufactures in 4 continents with customers in more than 100 countries. Telecom operators, cloud companies, citizen networks, and large enterprises recognize and rely on STL for advanced capabilities in Optical Connectivity, Global Services, and Digital and Technology solutions to build ubiquitous and future-ready digital networks. STL’s business goals are driven by customer-centricity, R&D and sustainability.

Championing sustainable manufacturing, the company has committed to achieve Net Zero emissions by 2030.  With top talent from 30+ nationalities, STL has earned numerous ‘Great Place to Work’ awards and been voted as the ‘Best Organisation for Women’. Read more, Contact us. stl.tech | Twitter | LinkedIn | YouTube

PR Newswire

Correction – Health in Transportation Releases New Smartphone Face-Scanning Application Aimed at Uncovering Potentially Serious Health Concerns in Professional Drivers

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Correction Notice

Please note the following corrections to the Press Release issued Jan 17, 2023:

  • The CDL Health Scanner is a product of Health in Transportation. NuraLogix does not hold any liability for any applications distributed under the Health in Transportation name.
  • NuraLogix technology, service and products do not uncover, nor identify life-threatening health conditions. NuraLogix technology, service and products are intended to improve your awareness of general wellness and health.
  • Note that NuraLogix technology, service and products are For Investigational Use Only within the USA. NuraLogix technology, service and products are not a substitute for the clinical judgment of a health care professional. NuraLogix technology, service and products are not intended to diagnose, treat, mitigate or prevent any disease, symptom, disorder or abnormal physical state. Always consult with a health care professional or emergency services if you believe you may have a medical issue.
  • NuraLogix is not responsible for any third-party products that may integrate NuraLogix technology, service or products. NuraLogix does not make any claims about, nor have they evaluated the claims of any third-party products using NuraLogix technology, service or products.
  • NuraLogix technology, service and products do not predict the risk of, nor do they provide Obstructive Sleep Apnea (OSA) measurements in any way. NuraLogix technology, service and products do not provide customized health coaching from Medwell, nor sleep-apnea solutions by Dedicated Sleep. NuraLogix technology, service and products do not provide health education, or resources to assist with lifestyle changes.

Corrected Press Release

Please note the following corrected press release. A previous release sent on January 17 contained incorrect or outdated information.

ST. GEORGE, Utah, Jan. 26, 2023 /PRNewswire/ — Health in Transportation, a health and wellness solution provider for the transportation industry, released a revolutionary preventative health tool for drivers called CDL Health Scanner.

Accessed through a specific URL on a smartphone, CDL Health Scanner’s proprietary technology uses a smartphone camera to scan an individual’s face and analyze key vital signs. This unique, driver-centric system uses revolutionary technology from NuraLogix, called Transdermal Optical Imaging (TOI)™, in which a conventional video camera is used to extract blood flow information from the face. Risk factors for hypertension, type-2 diabetes and more are revealed to the individual user on an easy-to-interpret results page.

“It’s an exciting day for the transportation industry,” said Bob Perry, president of Health in Transportation. “For less than the cost of a couple coffee drinks, this new smartphone app will provide health information to drivers, potentially salvaging thousands of driving careers. Our partnership with NuraLogix is dedicated to bringing innovative solutions to directly impact the driver shortage and help keep America’s professional drivers on the road instead of being sidelined due to bad health.”

This new, confidential CDL Health Scanner was developed specifically to protect drivers. With the transportation industry experiencing a shortage of close to 80,000 drivers each year– along with the fact that putting a new driver behind the wheel often involves a five-figure expense for the carrier–thousands of skilled drivers are disqualified from driving each month due to poor health outcomes.

CDL Health Scanner not only alerts drivers of potentially serious health concerns, but it also provides health education focused on the driver and guides them toward resources that can assist with lifestyle changes. Often, drivers are completely unaware of some of these underlying medical conditions, and CDL Health Scanner aims to bring awareness to these important metrics. The app provides support for drivers who may be at risk by providing them with the nearest location of one of the six thousand Higi health check stations.

CDL Health Scanner can be purchased by visiting www.cdlhealthscanner.com.

About Health in Transportation
Health in Transportation (HIT) provides innovative and practical health and wellness solutions for professional drivers in trucking and mass transit. For almost forty years, their programs have helped thousands of drivers avoid medical disqualification with unique coaching mechanisms that drivers can utilize even while they are on the road. Known as ‘The Trucker Trainer’ by professional drivers nationwide, Bob Perry, president of HIT, brings a very distinctive perspective to the issue of a driver’s health and life expectancy. He comes from a family of professional drivers and has spent decades working on driver health initiatives.

About NuraLogix
NuraLogix are the Toronto-based pioneers of the world’s first contactless blood pressure and vital sign measurement solution. NuraLogix uses its patented Transdermal Optical Imaging (TOI™) technology in which a conventional video camera is used to extract facial blood flow information. This technology is the evolution of extensive peer-reviewed research and clinical studies, differentiating NuraLogix from their competitors. NuraLogix has conducted multiple clinical studies and published several research papers in notable scientific publications such as Frontiers in Psychology, Scientific Reports, and the Journal of Natural Sciences (JNS). To date the company has been issued 13 US patents with additional patents pending. Visit their website at www.nuralogix.ai.

For inquiries related to Anura™ and NuraLogix technology, service and products please contact Chris Lin, Chief Marketing Officer, ChrisLin@nuralogix.ai; For inquiries related to CDL Health Scanner and products and services provided by Health in Transportation, please contact Bob Perry, President of Health in Transportation,  bob@healthintransportation.com

PR Newswire

OutSystems Named a Leader and Positioned Highest for “Ability to Execute” in 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms

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Recently recognized as “Customers’ Choice” in the 2022 Gartner Peer Insights™ Report1, OutSystems is named a Leader in the Magic Quadrant for the sixth consecutive time

SINGAPORE, Jan. 25, 2023 /PRNewswire/ — OutSystems, a global leader in high-performance application development, today announced it has once again been named by Gartner, Inc. as a Leader in the January 2023 Magic Quadrant for Enterprise Low-Code Application Platforms (LCAP). In its sixth consecutive time as a Leader2, OutSystems was positioned highest on the vertical axis for “ability to execute”  based on its product/service, sales execution/pricing, customer experience, market responsiveness/record, overall viability, marketing execution, and operations.

Low-code development continues to see high adoption growth due to demands for greater velocity in application delivery across large and midsize organizations with extreme engineering efficiency, continued scarcity of tech talent, and growing hybrid or borderless workforces. “LCAP continues to be the largest segment of low-code and is expected to reach $18.2 billion by 2026 at a CAGR of 23.6% from 2021 through 2026″.3

“The demand continues to intensify for new and superior apps that drive efficient operations and improve the bottom line. Faced with complex legacy systems and limited resources, development teams need an open platform that helps accelerate their pace of innovation for new customer experiences, services, and integrations,” said Paulo Rosado, Founder and CEO of OutSystems. “OutSystems is changing the way software is built through high-performance application development. Along with our platform, we’ve built one of the industry’s most robust ecosystems of low-code-specific app components to help all teams build exactly what their business needs now, with the power to rapidly evolve and innovate for the future.”

Unlike other vendors in the market, OutSystems enables a high-performance software development approach, which elevates the performance and productivity of development teams so they can build applications of any complexity or scale. The company’s evolutionary approach to software development also gives customers the power to continuously evolve, integrate, and extend enterprise-grade applications to address new business demands and opportunities. The company’s high-performance approach also allows users to create a wide variety of strategic, mission-critical apps to address their current and emerging business needs.

Customers Validate the Power of High-Performance App Development

In addition to the January 2023 Magic Quadrant, OutSystems was also recognized as the “Customers’ Choice” in the March 2022 Gartner Peer Insights “‘Voice of the Customer’: Enterprise Low-Code Platforms” report, based on user reviews and feedback. Since the launch of the Peer Insights platform, users have shared more reviews (more than 700 reviews and counting) of OutSystems than of any other enterprise low-code vendor, with an overall score of 4.5/5 stars as of 11th January 2023.

“The role of the IT leader has never been more difficult. The backlog of applications continues to grow and teams simply don’t have the time or resources to keep up,” said Pete Peterson, CTO of Riviera Partners. “I have used OutSystems at three different organizations, and each time, it was the catalyst for transformation. My teams and I have built strategic apps at a rapid pace while delivering exceptional value and saving millions of dollars in production costs. This is not a regular low-code tool, it’s a platform for innovation.” 

“We live in a world that requires our digital solutions to grow with our mission, to quickly extend value as opportunities arise, and to meet our constituents in a personalized and modern fashion,” said John Rathje, Vice President and CIO, Division of Information Technology, Kent State University. “OutSystems provides us the development platform to quickly turn ideas into value, and it meets our goals for a sustainable and extensible solution architecture.”

Read a complimentary copy of the 2023 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms or the 2022 Gartner Peer Insights ‘Voice of Customer’: for Enterprise Low-Code Application Platforms.

Gartner Disclaimers

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and Peer Insights are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

  1. Gartner Peer Insights “‘Voice of the Customer’: Enterprise Low-Code Application Platforms” – 31 March 2022
  2.  
    1. 2021: Magic Quadrant for Enterprise Low-Code Application Platforms – 20 September 2021
    2. Magic Quadrant for Enterprise Low-Code Application Platforms – 30 September 2020
    3. Magic Quadrant for Enterprise Low-Code Application Platforms – 8 August 2019
    4. Magic Quadrant for Enterprise High-Productivity Application Platform as a Service – 26 April 2018
    5. Magic Quadrant for Enterprise High-Productivity Application Platform as a Service – 27 April 2017
  3. Forecast Analysis: Low-Code Development Technologies, Worldwide – 27 October 2022

About OutSystems

OutSystems was founded in 2001 with the mission to give every organization the power to innovate through software. The OutSystems high-performance low-code platform gives technology leaders and developers the tools to rapidly build and deploy their own business-critical applications. The company’s network spans more than 600,000 community members, 400+ partners, and active customers in 87 countries across 22 industries. OutSystems is “The Low-Code Platform®” and a recognized leader by analysts, IT executives, business leaders, and developers around the world. Some of the most well-known brands use OutSystems to turn their big ideas into software that moves their business, people, and the world forward. Learn more at www.outsystems.com.

PR Newswire

Web3 experience like never before: Polkadot Hub is opening in Bali

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CANGGU, Bali, Jan. 25, 2023 /PRNewswire/ — The Polkadot Sanctuary in Bali is a brand new event space and co-working hub to increase the presence of the Polkadot ecosystem in Asia/Pacific region, with the weekly hackathons creating a dynamic NFT system to measure contribution and reward individuals. Inspired to bring attention to the ecosystem values, a group of Polkadot Ambassadors decided to make the first Polkadot Hub happen in the region. The chosen location was Bali, a popular digital nomad destination, which presented a great opportunity for Polkadot to enter the region and start building the community. To do this, they plan to organize weekly meetups, hackathons, networking events. There is a high enthusiasm among local developers to learn about Web3, but there is a lack of high quality local meetups and co-working sessions available. Therefore, the group hopes to provide an opportunity for local developers to learn how to build on Substrate and for beginners/non-developers to start their journey in the Polkadot ecosystem/Web3.

Polkadot ambassador, Six (David Pethes) wanted to create not just a co-working space, but something more exclusive.

Hubs are envisioned as a way to bring together local communities, providing education and a place for high net-worth individuals to make moves, build their reputation, and offer stability for those interested in Polkadot. Bali is a great opportunity for a high-quality event series for those who have missed events, and the hope is to catch the best people from the region and digital nomads who are travelling through.

“We plan hackathons every week. People can come to these to learn, they can also join if they have a specific project and want to show it off. We help to do the projects together, learn together, grow together. Of course we also organize meetups. On these AMA-meetings, you can ask anything about Polkadot and the Kusama metaverse. Also, together with the web3 Polkadot community we go on jungle trekking, do water sports, yoga courses, or just watch a movie, talk somewhere. It’s a system and a way of life at the same time. ” – told Six.

The funding comes from Polkadot, and angel investor Crypto CTF has also came in and provided the initial impetus. Ecosystem Partners can also join and anyone can book an appointment on the timetable.

Contact: Fruzsina Lederer
Telegram: @ledererfruzsi
+(36)309141467

Join the community here: https://t.me/PolkadotKusamaBali

Cision View original content:https://www.prnewswire.co.uk/news-releases/web3-experience-like-never-before-polkadot-hub-is-opening-in-bali-301729523.html

PR Newswire

ILX Group announces acquisition of TSG Training Ltd

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LONDON, Jan. 24, 2023 /PRNewswire/ — ILX Group, a leading provider of accredited and best practice training solutions, has completed the acquisition of TSG Training Ltd, a company that specialises in the provision of IT and software testing training courses. The deal will strengthen ILX Group’s accredited training offering and will provide growth opportunities to both businesses.

ILX’s acquisition of TSG supports its ambition to help customers deliver on their digital transformation goals. IT is often at the heart of the changes that companies need to make to do business in the digital age, with software testing a critical component that accounts for an average of 30% of IT project development costs. The software testing market was sized at 40 billion USD last year, with a forecast CAGR of 6% between 2020-2030. This growing demand is leading to an increasing number of people looking to be trained and qualified in software testing.

Russell Kenrick, Managing Director of ILX Group says, “TSG Training is a great company that shares our cultural values and approach to training and development. It has a strong brand with over 20 years of experience in IT and software testing training. As training specialists ourselves, we value this expertise, and when that’s combined with a great team, high quality products and fantastic customers – the incredible opportunity was clear. I am really excited to welcome the team to ILX Group and look forward to developing both businesses.”

Current owner and Managing Director of TSG Training Ltd, Bernard Melson added, “I’m proud of what has been achieved at TSG Training, and I’m delighted that the business and its team have found a good home in ILX. They, like us, care about quality and have been focused on growing a business through great customers experiences, and I am excited to watch them build on the progress that we have made.”

TSG Training Ltd will trade as a subsidiary of ILX Group PLC, and will be run by ILX as a standalone business, to leverage its strong brand. This will enable TSG Training to develop new products, invest in sales and marketing, bring in new customers, and ultimately, grow the business.

TSG Training Ltd were advised by Chris Lloyd of Lloyd Advisory Ltd.

About TSG Training

TSG Training specialises in software testing training. The company offers public and private training delivered via classroom or virtual classroom, and can trace its roots back 20 years. TSG Training was established in 2017, having been spun out of Testing Solutions Group Ltd and is accredited by BCS, The Chartered Institute for IT, and its most popular courses are ISTQB Software testing courses. TSG Training has been instrumental in furthering the bounds of excellence of the testing industry, and the company has contributed to the development of the syllabi and exams for the ISTQB certification programme.

About ILX Group

ILX delivers portfolio, programme & project management learning and consulting solutions via a blend of multimedia e-learning, games and simulations, mobile learning, traditional and virtual classroom training, practical workshops and coaching. We work with our clients to help them to take control of change and improve project outcomes.

A market leader for over 30 years, ILX has provided best practice learning to more than 500,000 people across 5,000 organisations in over 120 countries. Our courses are developed in-house with a dedicated team of experts to produce quality learning that is engaging and flexible according to the needs of the client. The company and its multi-lingual trainers can support customers around the world.

For more information, please get in touch at marketing@ilxgroup.com, +44 (0)1270 611600.