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PR Newswire

CCV’s Portfolio Perfect Corp. and Provident Acquisition Corp. Complete Business Combination

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  • Perfect‘s Shares and Warrants to Trade on the NYSE under Ticker Symbols “PERF” and “PERF WS” respectively

BEIJING, Nov. 1, 2022 /PRNewswire/ — CCV’s early-stage portfolio company Perfect Corp. (“Perfect”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, and Provident Acquisition Corp. (Nasdaq: PAQC; “Provident”), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”).

The listed company resulting from the Business Combination will be called Perfect Corp, and its shares and warrants will commence trading on the New York Stock Exchange under the ticker symbols “PERF” and “PERF WS” respectively, on October 31, 2022.

Perfect is also the second IPO that the CCV team has harvested since Arrail Dental (HKSE:6639) was listed in Hong Kong Stock Exchange earlier this year.

Perfect is the market leader in the global beauty tech sector, with over 400 beauty brands, including 17 of the world’s top global 20 beauty groups, utilizing Perfect’s AR and AI SaaS solutions in 80 countries globally, as of December 31, 2021, according to Frost & Sullivan.

The PIPE transaction is backed by blue-chip investors including CHANEL, CyberLink, Shiseido, and Snap as well as reputable financial investors. 

Wei Zhou, the founding and managing partner of CCV, was impressed by Alice and her team in their first meeting. “I’ve always believed in Alice and her team to make history and we think Perfect will continue to achieve greatness in the global market,” said Wei.

CCV devotes to early-stage investments in AI technology. Besides Perfect Corp, CCV has also invested in other leading AI companies, such as Shukun Technology, a leading AI medical company that focuses on diagnostic systems for chronic diseases; Quicktron, an AI robotics company that focuses on intelligent warehouse robotics and logistics systems.

About CCV

CCV is a leading venture capital firm focusing on early-stage investment and committed to supporting technology-driven innovation.  Founded by former KPCB China managing partner Zhou Wei and the original technology investment team at KPCB, CCV manages 750 million USD and 2.5 billion RMB.

CCV team has achieved a 35% unicorn hit rate track record, and its investment portfolio continues to yield at least one unicorn every year. Many CCV’s portfolio companies have become the first IPO stock in their respective focused areas. CCV is the A-round leading investor in 80% of its investments.

CCV’s star portfolios include JD.com (NASDAQ:JD), Venus Tech (SZSE:002439), CreditEase (NYSE:YRD), COL Group (SHSE:300364), Rong 360 (NYSE:JT), TanTan (acquired by NASDAQ:MOMO), Shukun Technology, Perfect Corp(NYSE: PERF), JD Digital, Ximalaya FM, Transsnet Financial, MetaApp, U POWER, Cowa Robot, Naxions, IceKredit etc.

Cision View original content:https://www.prnewswire.com/news-releases/ccvs-portfolio-perfect-corp-and-provident-acquisition-corp-complete-business-combination-301663481.html

PR Newswire

Frost & Sullivan Institute Recognizes Industry Leaders with Enlightened Growth Leadership Awards for 2022

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SANTA CLARA, Calif., Oct. 28, 2022 /PRNewswire/ — The Frost & Sullivan Institute’s Enlightened Growth Leadership Best Practices Recognition honors companies that are driven and committed to their pursuit of excellence, while ensuring a healthy balance between growth and sustainability. The Institute bestows this prestigious recognition on companies that have demonstrated excellence in growth and have proactively taken initiative, both internally and externally to address key global priorities.

The Frost & Sullivan Institute's Enlightened Growth Leadership Best Practices Recognition honors companies that are driven and committed to their pursuit of excellence, while ensuring a healthy balance between growth and sustainability.
The Frost & Sullivan Institute’s Enlightened Growth Leadership Best Practices Recognition honors companies that are driven and committed to their pursuit of excellence, while ensuring a healthy balance between growth and sustainability.

“At Frost & Sullivan Institute, we believe that transformation truly arises from responsible decision making. This recognition is significant in terms of reiterating an organization’s commitment to growth with a moral imperative and to delivering value to its stakeholders, including its employees, investors, and customers,” said Prerna Mohan, Director, Frost & Sullivan Institute.

Frost & Sullivan Institute follows its proprietary, 8 step, measurement-based methodology, combined with extensive research, in-depth analyses, and benchmarking, to shortlist recipients. Being one of the few existing methodologies that equally weights growth and Environment, Social, Governance (ESG), this recognition is one of the Institute’s most prestigious best practices recognitions. The winners represent the best of the best.

Frost & Sullivan Institute congratulates all recipients of the Enlightened Growth Leadership Best Practices Recognition. As we did last year, we will recognize and celebrate the 2022 recipients at our Virtual Awards Banquet in November.

Recipients:

Cellnex

Computacenter

ContourGlobal

ACCIONA Energía

Crayon

Croda International

Dassault Aviation

Dassault Systèmes

Deliveroo

Delivery Hero

Dermapharm Group

Deutsche Telekom

DiaSorin/ DiaSorin Group

Drax Group

E.ON

Eevia Health Plc

Efecte Plc

Einhell Germany AG

Elia group

Elmera Group ASA

ElvalHalcor

Embracer Group

EnBW

Endeavour Mining

EssilorLuxottica

Eurofins Scientific

Fluidra

Fortum Corporation

Garmin Ltd.

Genmab A/S 

Gränges

Grupa Azoty S.A.

Grupa Kety S.A. 

Harbour Energy plc

Hera S.p.A.

ICON plc

Infineon Technologies AG

Instalco

Interpump Group

Ipsen S.A.

Iren S.p.A.

James Hardie Industries plc

Jazz Pharmaceuticals plc

Kingspan Group plc

Lifco AB

Linde 

Logitech International

Medicover AB 

Medios AG 

MercadoLibre, Inc. 

Metso Outotec

Micro Focus

Midwich

MYTILINEOS SA

NIBE Industrier AB

Nolato AB

Nordex SE

OMV

PGE Polska Grupa Energetyczna S.A.

Picanol Group

About Frost & Sullivan Institute

The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating, or becoming part of, a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org

About Frost & Sullivan

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

Contact us: Start the discussion.

Media Contact:

Prerna Mohan
Email: prerna.mohan@frost.com

Related Links
www.frost.com 
www.frostandsullivaninstitute.org

PR Newswire

UL Solutions Opens Automotive Electromagnetic Compatibility Laboratory in Taiwan

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UL Solutions enhances its testing capabilities for electromagnetic compatibility, radio frequency and Internet of Things in Taiwan to provide comprehensive in-vehicle device testing services.

NORTHBOOK, Ill., Oct. 27, 2022 /PRNewswire/ — UL Solutions, a global leader in applied safety science, today announced the opening of its new state-of-the-art automotive electromagnetic compatibility (EMC) laboratory in Hsinchu, Taiwan. This new laboratory localizes services and technology to provide EMC testing to international standards and original equipment manufacturer (OEM) requirements for automotive electronic components. With advanced technologies, equipment, and the company’s safety science expertise and service capabilities, the new facility helps UL Solutions meet the testing needs of Taiwan’s automotive components industry.

This new laboratory localizes UL Solutions services and technology in Taiwan to provide EMC testing to international standards and original equipment manufacturer (OEM) requirements for automotive electronic components.
This new laboratory localizes UL Solutions services and technology in Taiwan to provide EMC testing to international standards and original equipment manufacturer (OEM) requirements for automotive electronic components.

“With the opening of this laboratory, combined with the UL Solutions Internet of Things (IoT) Lab in Hsinchu and the E-mobility and Energy Laboratory in Taoyuan, we are confident that the testing capabilities offered by UL Solutions for automotive components will provide manufacturers in Taiwan with a complete range of testing services and a single source of service,” Jonathan TH Chen, vice president and managing director of UL Solutions in Taiwan, said. “Our professional testing technologies and quality services meet the latest international standards and help enable manufacturers in Taiwan to enter the global automotive electronic component market safely and quickly.”

Influenced by factors such as climate change and the rapid advancement of technology, the automotive industry is moving toward four major trends: connected, shared, autonomous and electric vehicles. These trends are helping to drive the overall growth of automotive electronic components, such as advanced driver-assist systems (ADAS), infotainment systems and vehicle connectivity devices. In addition to the existing automotive component manufacturers in Taiwan, information and communication technology (ICT) and electronics OEMs have also entered the global automotive electronics market.

“One of the most important features of our services is that we can help customers understand the method, content and meaning of EMC testing. This understanding helps them to develop and adjust their product design strategies more quickly and shorten the time required to complete product testing,” Chen said. “With the collaboration of three laboratories in Hsinchu and Taoyuan and the support of our advanced technology and experience in automotive EMC testing laboratories in Japan and South Korea, we can provide more comprehensive automotive EMC testing services to help manufacturers in Taiwan capture business opportunities in the global automotive electronics market.”

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future. Our science is your advantage.

PRESS CONTACT:
Steven Brewster
UL Solutions
ULNews@UL.com
T: +1 (847) 664.8425

PR Newswire

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

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MANCHESTER, England, Oct. 27, 2022 /PRNewswire/ — ACE Money Transfer, a leading UK-based international remittance service provider, and Bank AL Habib, one of the largest banking networks across Pakistan, in line with Pakistan Remittance Initiative’s (PRI) vision, have ramped efforts to promote legal channels of remittances by offering free, easy, faster, and secure transfers.

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan
ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

An awareness campaign, including 950 buses, 100 roadside posters and 25 underground stations across the UK, is ongoing, educating expats on the kerb market’s downsides that lead to risky and undocumented transfers.

Mr Rashid Ashraf, CEO of ACE Money Transfer, said, “Expats sending remittances consider many factors, but transfer cost, exchange rates, speed, and security are a few primary concerns. With Bank AL Habib’s vast network and our state-of-the-art technology, we can address them all and offer an experience our customers love.”

Mr Aun Ali, Group Head – Business of Bank AL Habib, commented, “This affiliation will help both organisations serve Pakistani expatriates for instant and secure transactions. Bank AL Habib keeps playing a vital role in routing remittances through official channels and in providing our services in collaboration with ACE Money Transfer.”

ABOUT ACE MONEY TRANSFER

ACE Money Transfer (registered name ‘Aftab Currency Exchange Limited’), based out of Manchester, UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.

ABOUT BANK AL HABIB

Dawood Habib Group, the sponsor of Bank AL Habib Limited, has a long track record in banking that dates back to the 1920s. The Group was among the founder members of Habib Bank Limited and played a major role in meeting Pakistan’s financial and banking needs. It was nationalised along with other Banks in Pakistan on January 1, 1974.

Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. It is now one of the leading banks in Pakistan, known for its high level of customer service. It has a strong network of over 1050 branches and sub-branches in 433 cities across the country, including a wholesale branch in Bahrain and Malaysia and representative offices in China, UAE, Turkey and Kenya.

Media Contact:
marketing@acemoneytransfer.com
+44 161 3936 999

PR Newswire

NetGain Systems continues to grow and evolve its Portfolio with the announcement of its Observability suite of solutions

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SINGAPORE, Oct. 26, 2022 /PRNewswire/ — NetGain Systems is pleased to announce its Observability suite of solutions, available both On-Prem and as-a-Service, that enables organizations to understand what is happening in and to their IT infrastructure.

Incorporating and underpinned by a new Artificial Intelligence for Operations (AI Ops) feature, NetGain’s Observability suite brings its IT Monitoring and Security Management solutions to the next level, whereby organizations will not only know how to respond to IT issues and prevent them from occurring, but also gather insightful data to improve service levels and achieve operational excellence.

Observability suite – Key Highlights

NetGain’s Observability suite is built upon the solutions in NetGain’s IT Monitoring and Security Management portfolio. These solutions have been incorporated into the Observability suite’s modular framework, whereby users can select various areas for observation from the following solutions:

  • Infrastructure Monitoring
  • Log Analytics
  • Security Analytics
  • Application Performance Management (APM)
  • Network Traffic Analytics (NTA)
  • Network Configuration Management (NCM)

A key element of the Observability suite is its Artificial Intelligence for Operations (AI Ops) feature, which together with Synthetic Monitoring and Dashboard 2.0 is being launched with the Observability suite.

AI Ops forms the bedrock of the Observability suite. By using AI to correlate metrics, logs and traces from across different sources in the IT infrastructure, users have full stack observability with actionable and timely insights into their IT operations. AI Ops is also used for:

  • Forecasting – estimating when a problem will arise, for example, due to insufficient resources
  • Outlier detection – identifying resources behaving differently from other similar resources
  • Anomaly detection – identifying resources behaving differently from its usual behavior

Synthetic Monitoring helps users ensure the continued and consistent performance of their applications. Users can create a simulated user transaction for an application that will be executed according to a preset schedule. The application would be monitored for functionality, availability and performance when the simulated user transaction is executed, and users will be alerted should it be found to be impaired when measured against expected SLAs.

Dashboard 2.0 provides users with a high-level view of the operating status of the various resources in the IT infrastructure. It displays live key performance data in easily understood tables, charts and graphs, and allows queries to be made and their results shown, making it ideal for use in on-screen displays in a Network Operating Center or with management staff.

Other changes made to the NetGain solution portfolio, which have also been incorporated into the Observability suite, include improvements to SIEM threat rules and data administration, the inclusion of cloud native service metrics, and the development of SaaS backend operations.

What has not changed is the ease-of-use which NetGain is noted for, where the solutions in the Observability suite have been designed to be easily deployed and operated by organizations with small IT departments. And to make it even easier, organizations can opt to have the Observability suite as a SaaS deployment instead of On-Prem.

James Chia, CEO of NetGain Systems:

“We are excited to announce our Observability suite. Enterprises have accelerated their investments into digital transformation over the past few years, making IT even more mission critical. NetGain’s Observability suite, and in particular AI Ops, will significantly help our clients improve their operations and user experience.  

This announcement extends NetGain’s proven track record of innovation in the IT monitoring space.  We remain committed to assisting our clients achieve operational excellence while anticipating their future technology requirements for many years to come.”

Giam Kai Boon, Director of Data Connect Technologies:

“As Singapore’s leading ICT solutions provider, Data Connect is excited to include NetGain’s Observability suite in our solution offerings. NetGain’s Observability suite will especially strengthen our MSP service offerings to our customers in Singapore and the region, allowing us to better manage their ICT operations and provide them with relevant insights on optimizing their use of ICT.” 

Availability

NetGain’s Observability suite is available immediately, for both On-Prem and SaaS deployments. Existing NetGain IT Monitoring and Security Management customers wishing to move to the Observability suite can do so by upgrading their NetGain EM (Enterprise Manager) to v12.

About NetGain Systems:

Founded in 2002, NetGain Systems is a pioneer in the IT monitoring business, and continues to develop its business as it evolves from IT monitoring to IT observability. It has established local teams throughout the Asia Pacific Region, including Australia, China and Singapore.

Regardless of location, type, size, or complexity, our solutions give our customers the power to observe their IT infrastructure, services, applications and devices with ease, all from a single management dashboard, to achieve operational excellence with reduced complexity and gain useful insights to improve business outcomes. By understanding that every organization’s IT environment is different, NetGain’s dynamic solutions are designed to be highly adaptable, fitting the unique demands of your operating environment and evolving with your growing organization.

For more information, please contact info@netgain-systems.com or visit https://www.netgain-systems.com/.

PR Newswire

Adyen powers the future of financial services by launching embedded financial products

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The product suite enables a potential revenue uplift of up to 70% for platforms and marketplaces

AMSTERDAM, Oct. 24, 2022 /PRNewswire/ — Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has broadened its offering by taking live two new embedded financial products – Capital and Accounts – which are now available to platform and marketplace businesses in the US and Europe via Adyen’s single integration. Research conducted in partnership with Boston Consulting Group finds that 64% of small and medium-sized businesses (SMBs) are interested in financial services embedded within a platform. To capitalize on this banking-as-a-service opportunity, Adyen has developed an innovative suite of financial products comprising cash advances, business bank accounts, and card issuing. Together with embedded payments, these power the future of financial services by enabling platforms to deliver superior financial experiences to their SMB users. 

“Platforms are at the center of a transforming financial services industry – and Adyen is primed to further drive this revolution,” said Adyen’s co-founder and CEO, Pieter van der Does. “Embedded finance is a logical next step following our embedded payments offering. By historically investing in our banking licenses and industry-leading technology, we have positioned ourselves as the sole provider offering a full embedded financial product suite via a single integration. From this vantage, we are excited to seize the opportunity that banking-as-a-service brings.” 

Traditional financial services are stifled by legacy systems, reactive approaches, slow approvals, and lack of vertical knowledge. These factors have long resulted in the under-serving of SMBs, and lead to 65% of platform users willing to switch financial services providers in favor of solutions better integrated into their business processes. With Adyen’s single integration, platforms can meet this growing user demand by embedding financial services to consolidate SMBs business and financial operations under one roof. 

Adyen’s embedded financial product suite offers a modular solution that brings unparalleled control and customization options for platform business. With 94% of SMBs interested in cash advance solutions stating they would benefit from their loans being pre-approved, Capital enables platforms to proactively offer business financing based on historic payments data. With 72% of SMBs valuing an integrated bank account experience, Adyen’s Accounts product allows users to run their finances where they do business and get instant access to funds. Going hand-in-hand with Capital and Accounts, Issuing completes the offering by enabling users to easily spend their funds on platform-branded payment cards. By adopting the suite, platforms can round out their offering and unlock the capabilities of an end-to-end financial ecosystem.

Learn more about Adyen’s new embedded financial products – Capital and Accounts

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company’s website. 

Adyen’s investment into its embedded finance suite and the percentages mentioned in this press release are backed by industry research conducted in partnership with Boston Consulting Group. Learn more about their findings here.

Source: Adyen Inc.

PR Newswire

Innowatts Recognized by Frost & Sullivan for Data-enabled Transformative Approach and Service to Energy Providers and Consumers

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Innowatts’ Machine Learning/Artificial Intelligence energy analytics platform deciphers the ever-increasing data generated across the energy value chain into powerful, actionable insights to optimize carbon and enhance reliability and affordability

SAN ANTONIO, Oct. 21, 2022 /PRNewswire/ — Frost & Sullivan researched the energy analytics industry and, based on its findings, recognizes Innowatts with the 2022 North America Company of the Year Award. Innowatts’ software-as-a-service (SaaS) platform delivers high-quality and real-time actionable intelligence to enable its customers to manage cost, enhance reliability, improve overall profitability, and optimize carbon.

Innowatts
Innowatts

Innowatts integrates data from more than 45 million meters (including, distribution, renewable, storage, and EV assets) along with generation, price, weather, macroeconomic, third-party demographic, and customer tariffs. Innowatts then produces actionable intelligence into energy networks and consumer behavior.

Innowatts allows grid operators and energy retailers to leverage real-time actionable insights to make well-informed data-based decisions and drive superior grid maintenance. The results: Clients report a 40% increase in load forecasting accuracy while others have indicated up to a 20% reduction in carbon footprint. It is this kind of communication, rapport, and direct relationship that allows for energy retailers and utilities that employ Innowatts’ platform and market-changing technology to realize a deeper understanding of their customer’s behavior which leads to improved customer engagement and positive gross margins.

Rajalingam Chinnasamy, Industry Principal of Energy and Environment at Frost & Sullivan, observed “Innowatts’ scalable, configurable, and secure SaaS platform leverages best-in-class AI [artificial intelligence] and machine learning capabilities to help energy providers unlock grid edge opportunities, enhance customer value, and accelerate their energy transition.”

“This designation from Frost and Sullivan is important to our team at Innowatts because it’s a reflection of the work we’ve put into making our clients more successful and that’s taken everyone buying in and we’ve done that,” said Sid Sachdeva, CEO and Founder of Innowatts. “The beauty of an award like this underscores the Innowatts message that we are determined to navigate this ever-changing Energy Transition, we’re committed to promoting sustainability through every resource available and will continue to forecast the grid of the future with increased accuracy to ensure our clients have the best information in the industry.”

“Innowatts addresses customers’ needs with a strong leadership focus that incorporates customer-centric strategies and exemplifies best practice implementation. The company’s AI-enabled SaaS platform supplies high-quality and real-time data-driven insights to help power utilities and energy retailers become truly predictive, proactive, and connected with their end consumers,” added Chinnasamy. The company remains a trusted and preferred partner, earning a reputation for offering the overall best value in the energy analytics industry. With its strong overall performance, Innowatts earns Frost & Sullivan’s 2022 North America Company of the Year Award. 

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration.

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

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

Contact:
Lindsey Whitaker
P: 1.210.477.8457
E: Lindsey.Whitaker@frost.com

About Innowatts

Innowatts is the leading energy SaaS platform that utilizes best-in-class artificial intelligence to help electricity providers unlock grid edge opportunities, increase customer value, and accelerate the energy transition by leveraging insights from more than 45 million meters globally. Outcomes enable users to analyze multiple data sets, gaining a better understanding of their carbon footprint and intensity for each site. The Innowatts platform delivers real-time, customer-centric energy analytics with unprecedented accuracy. With clients and operations across the Americas, Europe, and Asia, Innowatts is a global leader, enabling energy providers to become truly customer-focused and fully leverage the power of data to transform their businesses. 

Contact:
Dhara Mistry
Dhara.Mistry@innowatts.com 

PR Newswire

Stamus Networks Signs Partner Agreement with Netmetrix

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Global network-based detection and response company partners with value added integrator in France to help customers mitigate cyber threats

INDIANAPOLIS and SURESNES, France, Oct. 20, 2022 /PRNewswire/ — Stamus Networks, a global provider of high-performance network-based threat detection and response systems, today announced it has signed a partner agreement with Netmetrix. The agreement allows Netmetrix to market Stamus Networks in France.

With offices in Suresnes, France, Netmetrix is a value-added integrator that helps companies automate their digital infrastructures. They provide solutions for network testing, observability, and cyber security. Additionally, they offer services such as product integration, customer development, and training.

“Netmetrix has developed an innovative ecosystem of products that are aimed at drastically reducing cyber risks,” said Olivier Vaugrenard, CEO for Netmetrix. “The Stamus Security Platform, a product that is delivering truly useful network monitoring and threat detection, is an excellent fit with our ecosystem and will enable our customers to take a proactive approach to defending their networks,” he added.

Vaugrenard continued, “As networks evolve into complex hybrid cloud architectures, the need for enterprise security teams to rapidly respond to imminent threats is critical to the health and safety of their organizations.” “Partnering with a company like Stamus Networks allows us to introduce their solutions to our clients who need important insights from their network activity.”

“By partnering with Netmetrix, we’re able to expand our presence in Europe and strengthen our position in the French market,” said Steve Patton, vice president of sales, EMEA for Stamus Networks. “The company was founded by experts in the cybersecurity field and their broad technology knowledge and experience enables them to help their clients improve their threat management and mitigation strategies.” He continued, “Helping security teams know more and respond sooner to threats is a shared business value that benefits both Stamus Networks and our customers.”

About Stamus Networks

Stamus Networks believes in a world where defenders are heroes, and a future where those they protect remain safe. As organizations face threats from well-funded adversaries, we relentlessly pursue solutions that make the defender’s job easier and more impactful. A global provider of high-performance network-based threat detection and response systems, Stamus Networks helps enterprise security teams know more, respond sooner, and mitigate their risk with insights gathered from cloud and on-premise network activity. Our solutions are advanced network detection and response systems that expose serious and imminent threats to critical assets and empower rapid response. For more information visit stamus-networks.com.

About Netmetrix

NetMetrix is a pan European value-added integrator. We help companies to control, secure, optimize and manage their digital infrastructures, whether virtual, physical or hybrid by providing solutions and services, for Observability and IT Security. For more information visit https://www.netmetrix.fr/ 

PR Newswire

Kpler releases its new crude supply & demand assessment tool to help professionals navigate uncertain crude markets

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Kpler’s offering is the only one built on proprietary data and taking a systematic approach.

BRUSSELS, Oct. 19, 2022 /PRNewswire/ — Kpler, a fast-growing leader in technology-led data, analytics, and market insight, today launches a crude supply and demand (S&D) assessment tool to help market professionals and downstream consumers better navigate the turbulent and uncertain global crude markets.

Kpler Crude Supply and Demand (S&D) is based on three sets of proprietary data:

  • Kpler Crude Flows – past and real-time data on crude and condensates global trade flows
  • Kpler Crude Inventories – past and real-time data on crude storage facilities’ capacity utilisation
  • JBC Energy-inherited crude and refined products models, built on two decades’ worth of constant enhancements led by market experts

The three proprietary data sets have been combined to result in a powerful crude supply and demand assessment tool, providing users with current assessments of crude supply and demand at global, regional and country levels. These assessments are updated three times a month and forecasts extend to 18 months ahead; included components such as inventories changes or crude flows allow customers to see precisely how and why balances are changing.

The product represents a new approach to delivering crude S&D balances for market professionals by utilising Kpler’s best-in-class proprietary data and taking a systematic and integrated approach, compared to competitors that rely on disparate public information and are forced to model out certain elements that Kpler captures with its proprietary data.

Due to high market uncertainty and volatility – driven by the conflict in Ukraine and a looming economic recession – Kpler’s new product aims at helping market professionals better understand the current supply and demand dynamics. It will also help users to better anticipate balances and price developments, to build more efficient trading strategies.

François Cazor, Kpler’s CEO, commented: “Kpler’s new Crude Supply and Demand product demonstrates again our ability to integrate Kpler organic data sets with ones stemming from acquired companies, to build smart products that facilitate sustainable and efficient trade. Our new offering not only brings users’ great value in uncertain market times, it also stresses how our corporate and product roadmaps are aligned, as the acquisition of JBC Energy this year has proved instrumental in making this release possible.”

About Kpler:

Kpler is a fast-growing company on a mission to facilitate sustainable and efficient trade to meet the changing needs of our world. From numerous disparate and unstructured sources, Kpler creates technology-led data, analytics, and insight, that bring transparency to dynamic markets characterised by opaque and incomplete information, such as commodity and power markets. Kpler delivers its unique offering through technology solutions built in an agile and inventive way, enabling market professionals to make informed and timely trading decisions. Headquartered in Brussels, Kpler employs over 250 people across the world. Visit: www.kpler.com

Media contacts

Kpler
Arthur Chevreul
achevreul@kpler.com
+32 493 37 42 34

Paul O’Grady
PR Consultant
kpler@goodadvice.agency
+49 176 82374030

PR Newswire

Bronte Capital Selects Clearwater Analytics to Power its Digital Operating Platform

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Sydney-Based Global Fund Management Firm to Benefit from SaaS-Based Portfolio Reporting and Analytics Platform and Services

SYDNEY, Oct. 19, 2022 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), an industry-leading SaaS provider, announced today that Sydney-based, global long/short fund manager Bronte Capital has selected Clearwater to power its investment data management, reporting, and portfolio analytics. Founded in 2009, Bronte Capital focuses on generating alpha from both its long and short portfolio, with its investments consisting principally of listed equity and equity-related securities.

After conducting a thorough review of solution providers in the market, Bronte Capital chose Clearwater for its comprehensive solution for investment data management and reporting. Bronte Capital will leverage the Clearwater platform to modernize its investment management with multi-asset-class, daily aggregation, reconciliation, and book-of-record reporting.

Clearwater’s single instance, multi-tenant investment reporting software will provide Bronte Capital senior management with a simplified, consolidated view of the company’s investments. Backed by a global client servicing team, Clearwater will support Bronte Capital’s portfolio management approach, provide comprehensive asset class coverage, and seamlessly integrate with prime brokers and internal systems.

“We now have a SaaS-based technology solution to analyse investment data and reporting, without adding tech or operational debt. Clearwater Analytics’ SaaS model will bring it all together and allow our teams to focus on our core business,” said Simon Maher, CEO at Bronte Capital. “As Bronte grows, we have a partner that will be responsive, understand our current investments, and play a key role in our digital innovation strategy.”

“We look forward to working with Bronte Capital and helping their portfolio and research managers gain the clarity and confidence to drive higher returns across their investments,” said Gayatri Raman, President, Europe and Asia, Clearwater Analytics. “Clearwater simplifies investment operations for our clients so they can focus on performance and gain a clear advantage. Bronte Capital joins an exciting group of clients in Asia and Australia with a forward-looking mindset focused on growth, higher returns, and sustainable operating models.”

About Clearwater Analytics

As the industry-leading SaaS solution for investment accounting and reporting, Clearwater enables growth of assets under management (AUM) for more than 1,100 clients including pension plans, governments, global insurers, asset managers, and corporations. Each day, Clearwater automates data collection, reconciliation, compliance, risk, and performance reporting across $5.9T of AUM with its comprehensive cloud platform and best-in-class service team. Additional information about Clearwater can be found at clearwateranalytics.com, LinkedIn, and Twitter.

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