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PR Newswire

Globalization Partners Announces Full Suite of Solutions Making It Even Easier to Hire and Manage Remote Talent Globally

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Find, onboard, pay and manage employees and contractors anywhere all in one platform

BOSTON, June 13, 2022 /PRNewswire/ — Globalization Partners (G-P), the leading Global Employment Platform™ that makes it fast, simple, and compliant for companies to hire anyone, anywhere – today announced global availability of G-P Recruit, G-P Contractor, and G-P API. Now it is even easier for companies to find and hire talent efficiently and ethically anywhere as quickly and easily as they would hire talent locally.

“Globalization Partners’ infrastructure comprises a SOC-2 certified full technology stack and in-house HR, tax, and legal resources to support consistent service quality, minimized reliance on third-party ICPs, and data security,” said Jeanine Crane-Thompson, Principal Research Analyst at NelsonHall, HR Technology & Services practice. “The company’s continued commitment to technology-focused R&D, including AI integration and multicurrency payment options, including cryptocurrency, will attract current clients and prospective buyers.”

Built in-house by a team of world-class engineers and industry experts, together the products solve today’s most pressing issues: finding and managing remote talent. As the industry leading Employer of Record provider, G-P helps companies mitigate risk and manage compliance, taxes, benefits, and payroll globally without establishing in-country entities or subsidiaries. This powerful combination within the platform provides everything companies need in one place with features that include:

G-P Recruit

Today, growing companies are facing increasing pressure in a highly constrained labor market to find talent, however, finding the right recruiting partners is complex and time consuming. Using G-P Recruit means one contract, a simple fee structure, and a partner that is working in the best interests of the Customer, rather than needing to find, negotiate and manage multiple unknown recruitment partners. We understand international hiring and employment and G-P Recruit provides a technology enabled one-stop shop that removes complexity. Learn more about G-P Recruit here.

G-P API

HR departments spend close to 60% of their time and resources on transactional and operational tasks and activities. Even with tools and software designed to save time and improve productivity, juggling multiple dispersed platforms is time consuming without the right infrastructure to unify them. G-P’s open API makes it easier for organizations hiring and managing global talent by simplifying and automating tasks across multiple platforms including third party HCM solutions. This makes it possible to maintain a single source of truth for all global talent, thus reducing errors and supporting data governance processes. Read more about the G-P API and sign up to get started here.

G-P Contractor

Every company’s global growth strategy is different, however the key to international success is being able to access global remote talent regardless of the employment type. G-P Contractor enables companies to hire contractors in 187 countries, quickly and easily and pay them in 150 currencies. As a part of our Global Employment Platform™, this offering provides support throughout the entire lifecycle of contractors hired for both short- and long-term projects. Read more about G-P Contractor here. 

“Companies need to act quickly in order to find, hire, and onboard the best talent wherever those individuals are based in the world,” said Nat Natarajan, Chief Product and Strategy Officer, Globalization Partners. “By continually investing in our Global Employment Platform™ and adding capabilities which automate global remote hiring processes, we are enabling companies to solve today’s talent challenges in the global remote employment landscape and achieve their business objectives.”

G-P’s Global Employment Platform™ enables companies of any size to expand internationally in days and provides talent with access to a world of opportunities. Families and even communities can stay intact. Smaller companies can better compete at scale with larger incumbents. And companies can gain access to the best talent no matter where they are in the world while also realizing the benefit of globally distributed teams.

About Globalization Partners

Hire international talent quickly and easily. Use our AI-driven, automated, Global Employment Platform™ supported by our in-house, worldwide HR experts. Trust the named industry leader that consistently attains 98 percent customer satisfaction ratings. Globalization Partners: Succeed Faster.
To learn more, please visit: G-P.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.

Contact:
Karen Pantinas 
Kpantinas@globalization-partners.com 
617-729-4466

PR Newswire

Payboy Launches Paybeyond to Help Streamline International Businesses’ Payroll and HR System

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The upgraded HR and payroll system to improve business’s efficiency by providing secure, direct employer-employee access with the integration of leading financial software ecosystem partners.

SINGAPORE, June 13, 2022 /PRNewswire/ — Singapore-based payroll and human resources (HR) management software company Payboy launches Paybeyond, an integrated payroll and remittance system to seamlessly pay out local and overseas-based employees.

To view the Multimedia News Release, please click: https://www.prnasia.com/mnr/Payboy_202206.shtml

Convert the balance at a lower exchange rate than traditional banking remittance
Convert the balance at a lower exchange rate than traditional banking remittance

Make local and global salary payments with one simple process.
Make local and global salary payments with one simple process.

The easiest way to pay anyone, anywhere
The easiest way to pay anyone, anywhere

Reduce data risk associated with unsecured bank documents & file transmission
Reduce data risk associated with unsecured bank documents & file transmission

“At Payboy, we are always looking for ways to improve and simplify our system so that entrepreneurs and businesses can eliminate any operational hassles they may experience.
And now, by rolling out Paybeyond, we aim to help more Singaporean SMEs streamline their payroll and HR processes so they can focus on growing their business. At the same time, they can maintain their most valuable asset, the people,” said Nigel Lim, Chief Executive Officer of Payboy.

With a short and single workflow, Paybeyond provides direct and immediate cross border payouts with a secure transaction technology powered by Rapyd, a watchlist for remittance in various currencies to a dedicated wallet allowing storage of SGD and USD as well as supporting several payment modes, including GIRO, FAST, and SWIFT.

These simplified remittance processes can be applied to any employment arrangement, whether working with freelancers, full-timers, and contract employees, while enabling regulatory compliant cross border payments that are transparent and precise.

Payboy can also be effortlessly integrated with other well-known applications in the ecosystem; for instance, Xero, Quickbooks, and Financio to assist with accounting processes which makes it easier for businesses to hire, pay, manage and support their employees all in a dashboard and app.

In addition, Payboy streamlines HR operations to ensure businesses obtain full visibility on the automated payroll calculation, shift scheduling, attendance, leaves, and submitted claims, within an intuitive experience.

Continuous Automation of HR Processes

Payboy is proud to announce that we have recently partnered with the Ministry of Manpower’s (Singapore) Manpower Research & Statistics Department. We are able to fully automate our customers’ monthly employee data submission. With this feature, employers no longer have to manually generate reports to send to MOM as Payboy’s system offers an automated submission of the Occupational Employment Dataset (OED) and Labour Market Survey (LMS). Employers would have the option to choose between manual or automatic schedules, freeing up their time to focus on their business and employees.

The Ministry of Manpower conducts official national surveys on the labour market involving numerous households and businesses in Singapore. The statistics and insights help shape national manpower policies and programmes that affect many of us.

To celebrate the launch of Paybeyond, Payboy is offering a six-month free payroll subscription for Paybeyond users, in addition to its various support processes, such as Online Support Center and Payboy Helpline.

For more information, visit https://payboy.sg/paybeyond/

About Payboy

Payboy is a Payroll and HR Management Software that automates essential HR processes through a unified ecosystem so that businesses can focus on the HR work that truly matters – bringing out the best in their people. Coming from a SMEs background, Payboy understands the intricacies and problems fellow businesses face. Payboy, therefore, coined the catchphrase “Build for People, Build with People” to reiterate the company’s ethos of creating and improving technology that is simple, nice, and easy to use.

Media Contact
Email: hello@payboy.biz

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PR Newswire

G7 Connect and E6 Technology Announce Completion of Merger

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The merger combines IoT technology with software services to empower the road freight transport sector

BEIJING, June 11, 2022 /PRNewswire/ — G7 Connect Inc. (“G7”), a fleet management company backed by Tencent Holdings Ltd., and E6 Technology (“E6”), announced the merger of the two companies. The merger took place in the first quarter of 2022, with the initial stage of their business integration having been completed. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Group”), while E6 chairman and CEO Zhang Jingtao will serve as vice chairman and G7 CFO Zhang Jielong as CFO.

G7 Connect and E6 Technology Announce Completion of Merger
G7 Connect and E6 Technology Announce Completion of Merger

The merger will create the largest and most influential software service provider in the industry, with businesses spanning key vertical markets covering both production and consumer logistics. The Group’s customers include major players in the trillion-yuan road freight transport market. With its product portfolio serving as a one-stop digital service that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ advantages in technology, making it the only technology company in the sector to provide a comprehensive range of Internet of Things (IoT) software as a service (SaaS) services.

The Group is well positioned to provide customers with more cost-competitive, premium services by optimizing its supply chain and service networks and reducing procurement and operating expenses. It also plans to continue investing in technology and R&D in a move to provide customers with valuable data-driven products, with the aim of facilitating an industry-wide upgrade to a connected supply chain supported by data intelligence.

G7 and E6 were among the few fleet management firms that were capable of providing IoT SaaS solutions due to substantial investments in IoT, data, algorithms and software technologies alongside continued strengthening of their respective advantages in technology as a way to build barriers to competitors. Both firms had also explored and implemented differentiated approaches based on their respective core competencies. Notably, G7 had established a leadership role in the area of IoT technology empowered software subscription, and overall capacity and transactions on transpiration, energy, insurance and equipment, while E6 had been dedicated to providing software subscription services to large cargo owners and logistics providers, becoming a leader within the domain of consumer logistics, including fast-moving consumer goods (FMCG), retail, food, and cold chain logistics.

“Although the digital transformation journey of the sector has just begun, freight cooperators are looking forward to changing how they operate and achieving business success through the application of digital solutions,” said the chairman and CEO, Mr. Zhai. “The combination of G7 and E6 enables us to invest more firmly in technology and to further create value for our customers by way of data-driven products.”

“Prior to the merger, both companies believed in the importance of helping customers succeed and bringing changes to the sector by virtue of IoT SaaS services while post-merger, the shared belief has become our common ambition,” stated the vice chairman, Mr. Zhang. “We plan to continue providing premium products and services with the goal of building an outstanding SaaS company with an ongoing commitment to creating value for customers.”

G7, a leading provider of IoT SaaS services for the road freight transport sector, served a wide range of small, medium and large freight manager with IoT-based software subscriptions and transaction services. The firm, by continuing innovations in technology and expanding its portfolio, had been leading the sector in terms of software subscriptions as well as transaction services for transport capacity, energy, insurance and equipment. E6, a pioneer in IoT SaaS services for the sector, had been dedicated to providing customers with IoT-based software subscription services with a focus on large cargo owners and logistics companies. With a continued commitment to tightly-run operations and superior services, the company has earned a reputation as the dark horse in the FMCG, retail, food and cold chain segments.

As two leaders in the IoT technology and software services space, both G7 and E6 had been focusing on providing IoT technologies and software to large cargo owners and logistics providers as well as to tens of thousands of freight managers. Prior to the merger, the two firms together served over 80% of China’s large cargo owners and logistics providers in addition to assisting almost 30,000 small and medium-sized freight managers in improving efficiency and increasing revenue.

The merger received strong support from both firms’ shareholders. AnJie Law Firm, Llinks Law Offices, Global Law Office, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Group provided professional services for both the transaction and integration efforts. Following the completion of the merger, Global Logistic Properties’ private equity arm Hidden Hill Capital, Tencent, Cainiao Smart Logistics Network and other investors have each appointed representatives to the Group’s board of directors in tandem with carrying out specific tasks with an eye to further deepening their business collaboration.

¹ Freight manager refer to enterprises that manage the operation and trading activities of road freight, including large, medium and small cargo owners, logistics companies, self-owned fleets, outsourced fleets, commerce trading companies , manufacturing enterprises, etc. According to a BCG research report, about 700,000 freight managers carry about 85% of China’s road freight volume and are major players in the road freight market.

For more information, please visit G7.

Media Contact:
Peipei Lin, linpeipei@g7.com.cn
Shuai Zhang, conntect@g7.com.cn

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/g7-connect-and-e6-technology-announce-completion-of-merger-301566129.html

Source: G7 Connect Inc.

PR Newswire

JetSynthesys announces Jetapult, the world’s first I&O gaming startup, coming out of stealth with its first acquisition

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PUNE, India, June 10, 2022 /PRNewswire/ — Gaming startup Jetapult, the first of its kind Invest & Operate (I&O) model for game studios in emerging markets, comes out of stealth with an acquisition of a game studio from India. Jetapult will focus on acquiring and scaling revenue-generating Indie game development studios across emerging markets like India, South-East Asia, Middle East, South America as well as Australia, and New Zealand to fill a dearth of long-term smart capital in the industry. Moreover, the start-up will create and grow an exciting roster of gaming companies commercially from a local market setting to an international perspective for scientific and sustainable scale.

Jetapult will be led by Sharan Tulsiani, whose previous experience includes leading Gaming at Google Play Asia – India and ANZ markets, along with their renowned Indie Games Accelerator (IGA). Apart from Tulsiani, Jetapult’s team also features Yash Baid and Mangesh Anaokar. While Yash was previously Principal and Head of Research at 3one4 Capital and Partner at 256 Network, Mangesh has extensive M&A and investments experience having led investments & portfolio management at Bennett, Coleman and Co. The team is further bolstered by veteran industry experts and advisors like Ryo Shima (ex-COO GREE), James Cho (ex- Blizzard, Bethesda, Zynga) along with Angelo Lobo, (Ex- Director, Zynga), Dennis Sullivan (Ex-Wargaming) and Hyunsu Bang (Ex-GREE).

Speaking about the launch of Jetapult, Mr. Rajan Navani, VC and MD of JetSynthesys said, “Over the years, we have seen the gaming industry pick up steam, and the road ahead looks brighter than ever. There are several talented gaming studios with great ideas who can truly scale themselves with the right mentorship and funding. Recognizing this market need, we decided to launch Jetapult on the back of JetSynthesys’ very successful model of acquiring and rapidly scaling gaming studios using global expertise and world class partnerships. With the three-pronged approach of Acquire, Invest, Accelerate, Jetapult is all ready to come out of stealth now, having already made one crucial acquisition. Built on the Invest and Operate (I&O) model, we believe Jetapult will be a ‘game’-changer in the industry. With an expert team that has a collective experience spanning decades, the start-up will strengthen Indian gaming’s position on the global map further.” 

Sharan Tulsiani, CEO & Co-Founder, Jetapult said, “Building high grossing hits in the gaming industry are often misrepresented to be luck-based, coin-flip endeavours. This cannot be further from the truth. Making games is a passionately creative endeavour, but scaling them intrinsically is a scientific one.

“This was a hypothesis taken on and solved for with tremendous success at the biggest distribution platform for gaming, Google Play Store. The systematic acceleration programs like the Google Global Indie Games Accelerator, and others that I created was a product of this sustainable scale challenge. Our key learning was that supporting genius designers in small studios requires a village of supplemental expertise across domains like game & economy design, product & engineering, user acquisition, etc. Witnessing the multi-fold successes coming out of these programs, I felt very motivated to scale these advisory frameworks that didn’t reach enough in the vast but talented gaming industry. The Jetapult I&O model will democratise gaming expertise and open opportunities at scale by partnering with talented studios in emerging markets. Helping them implement foundational frameworks and scientific-decision making will catalyse the long-term growth of the studios, its teams, and revenues.”

Yash Baid, COO & Co-founder, Jetapult said, “Investment leaders are well aware of the stellar investment returns that game studios offer, which in fact even benefits from economic downturns, as was witnessed during Covid. However, there is a severe dearth of smart capital and meaningful support for these studios in the industry today. Jetapult is a product of years of working closely with game studio developers to identify their requirements and create access to smart & patient capital, scaled by partnering with marquee venture equity & debt investors. We are built to keep small gaming studios at the centre of our operational ethos and aim to grow them into generational companies out of emerging markets like India.”

Jetapult’s key selection criteria for acquiring a gaming studio would be its growth-potential, presence of a strong team and revenue-generation along with a review of the games they make, genre they are following, and capacity of growth for  the team. The startup is in the process of bringing capital and top gaming industry leaders across free-to-play game design, product management, user acquisition, and analytics to its portfolio of gaming studios.

About JetSynthesys:

JetSynthesys is a new age digital entertainment and technology company with a global foray in three key ecosystems – gaming and esports, digital entertainment, wellness and livelihoods. With millions of consumers across 180 countries, JetSynthesys builds world class products, platforms, and services in these three verticals, aiming to touch the lives of billions of consumers. Since its launch in 2014, under the leadership of Rajan Navani (Vice Chairman & Managing Director), JetSynthesys has built a powerful ecosystem of technology, talent, content, and distribution stacks, and is committed to delivering delightful moments to all stakeholders across multiple digital worlds, aptly titled the #Jetverse.

The Pune-headquartered company is backed by industry biggies like Kris Gopalakrishnan, Adar Poonawalla, Sachin Tendulkar, and the multi-billion-dollar family offices of the promoters of Thermax, Triveni Group, Yohan.

Poonawalla Group and DSP Group. With offices in Europe, UK, and US, JetSynthesys is a key player in India’s digital landscape. Built on innovation and new-age culture, representing the new-age economy, JetSynthesys is working towards building a digital ecosystem for consumers, to be the one-stop solution for all their digital needs. It is perfectly poised to create success stories at scale through made in India apps with the best talent available globally, funded through Indian capital.

JetSynthesys is part of the diversified JetLine Group of Companies, the roots of which originated in 1930s in Bangkok, Thailand with a presence in India since 1974. Established by the Late Kishinchand Navani in 1937, the growth in Thailand and South-East Asia over several decades has resulted in large scale manufacturing industries in textiles, packaging, electronics, and real estate development amongst others.

PR Newswire

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

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DETROIT, June 8, 2022 /PRNewswire/ — Professional drivers, working both in mass transit and in trucking, are now able to access a 30-second CDL health check that focuses on the dangers of hypertension and type-2 diabetes by utilizing a new smartphone app from Health in Transportation and NuraLogix.

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.
New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device. It is a unique, driver-centric system that relies on the revolutionary Anura technology to measure Blood Pressure (BP) using transdermal optical imaging delivered via a smartphone camera. When combined with the user’s Body Mass Index (BMI) data, the risk-factors for hypertension, type-2 diabetes, and even obstructive sleep apnea (OSA), the bane of over-the-road truckers, come into clear focus.

The Background

In a situation in which the industry is experiencing a shortage of close to 100,000 drivers – and when putting a new driver behind the wheel involves five-figure expense for the carrier – reducing the number of medical disqualifications that result from a Department of Transportation physical is the top priority. Close to 80% of those disqualifications are caused by high BP, dangerous blood-sugar levels and OSA, and this app not only warns drivers that they are in dangerous territory, it also links them to specialty health coaches who can guide lifestyle changes that will transform their health situation.

The principals of Health in Transportation have a proven track record, over several decades, of finding realistic ways for drivers to improve their health, despite the massive difficulties that life on the road creates. The CDL Health Scanner is the culmination of that work and their greatest achievement. It promises to protect the lives and livelihoods of hundreds of thousands of professional drivers whose life-expectancies are years less than their contemporaries. Fleets benefit too by reducing driver-replacement costs, while providing savings in their self-financed health insurance programs.

The Partnership

It would be impossible for Health in Transportation to offer this valuable tool to the transportation sector without the incredible breakthrough that the Anura technology represents. Just as important, by opting to partner with Health in Transportation, NuraLogix has ensured that this product can be supplied to drivers for only a few cents a day. The mark of true innovation is its ability to impact the lives of millions and this app is the first step towards doing just that.

Of course, the CDL Health Scanner app utilizes only a portion of the monitoring capability that NuraLogix is equipped to provide. However, getting Anura into the hands of hundreds of thousands of professional drivers will generate a wealth of data that can only enhance the Anura platform when, as will inevitably be the case, this type of non-intrusive health monitoring becomes the norm for in-car information systems. Truck drivers, many of whom drive vehicles that include interior cameras that monitor their situational awareness and other performance metrics, are the perfect population to help propel this concept into the mainstream.

About Health in Transportation

This truly unique app – patent pending – was first envisioned by Bob Perry, President of Health in Transportation, a company that provides innovative and practical Health & Wellness solutions for professional drivers in trucking and mass transit. For forty years, their programs have helped thousands of drivers avoid medical disqualification with unique coaching mechanisms that drivers utilize on the road to upgrade their health status. Consequently, health insurance carriers such as Cigna have often availed themselves of the company’s services in their ongoing efforts to boost preventative care.

Known as ‘The Trucker Trainer’ by professional drivers nationwide, Bob Perry brings a very distinctive perspective to the transportation industry and its over-the-road drivers. Bob comes from a family of professional drivers and has played a critical role in the paradigm shift of regulatory agencies – both private and public sector entities – and consumers towards understanding the driver-health challenge.

Health in Transportation has experienced successful working relationships in the past with industry giants such as Covenant Transport, Greyhound, Sherwin Williams, and R+L Carriers, as well as with top OEM Daimler.

About AutoTech Detroit

The CDL Health Scanner app was launched today at AutoTech Detroit, which brings together the full automotive tech industry to immerse attendees in the future of automotive, by showcasing the newest tech and the latest vehicles.

About NuraLogix

The Anura technology powering the application comes from NuraLogix, the Toronto-based pioneers of the world’s first contactless blood pressure and vital sign measurement platform. The NuraLogix technology uses their patented Transdermal Optical Imaging (TOI™) in which a conventional video camera is used to extract facial blood flow information from the face. NuraLogix’s Anura technology is based on extensive peer-reviewed research and clinical studies, differentiating them from their competitors. NuraLogix has conducted multiple clinical studies and published research in many notable publications such as Frontiers in Psychology, Scientific Reports, and the Journal of Natural Sciences (JNS). NuraLogix currently holds 11 patents, with more pending. Their impressive client roster includes Japanese systems integration leader NTT Data; Sanitas, the second largest medical insurance company in Spain; and Lafiya Telehealth, a Nigerian-based health telehealth platform which provides 24/7 virtual healthcare services to residents in remote and rural areas.

To Learn More:

Visit our website:
Health in Transportation-  https://healthintransportation.com/
NuraLogix –https://www.nuralogix.ai/ 

Disclaimers:

Note: In the United States, this product is for Investigational Use only. The performance characteristics of this product have not been established.

For more Information: Chris Lin, Chief Marketing Officer, ChrisLin@nuralogix.ai, Tel: 437-928-2666; Bob Perry, President of Health in Transportation, bob@healthintransportation.com, Tel: 602-692-2734

PR Newswire

SONGTRADR EXPANDS ITS B2B MUSIC TECHNOLOGY SOLUTIONS – ACQUIRES LEADING ADVANCED AI SEARCH COMPANY, MUSICUBE

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The Hamburg-based AI technology company enables measurable ROI-driven licensing that optimizes the creative performance of content

LOS ANGELES, June 8, 2022 /PRNewswire/ — Songtradr, the world’s leading B2B music company, announced today the acquisition of leading AI metadata and music search company, Musicube. The transaction expands the company’s portfolio of tech-enabled music solutions designed to license the right music for any content, driving higher ROI and enabling brands to measurably engage their target audience. Using neural networks and proprietary artificial intelligence, Musicube’s semantic search has reached product leadership in both quality and data depth. It helps match music to content and a brand’s target audience. This technology further enhances Songtradr’s B2B music solutions that harness the power of data and tech-enabled intelligence with creative excellence.

“Musicube has approached audio analysis from an entirely unique perspective and this acquisition accelerates our mission to increase the value and effectiveness of music in content,” said Paul Wiltshire, CEO of Songtradr. “Their impressive team of passionate musicologists and data scientists understand the power of data and its relationship with music, which ultimately benefits our brand and agency customers as well as music rights holders. In order to have the world’s best B2B music search and recommendation technology, we need premier metadata enrichment technology, which is a key component of the B2B music supply chain. Adding the Musicube technologies, data and extraordinary team to Songtradr will help accelerate our enterprise customer user experience.”

Musicube’s proprietary software is delivered via web widgets and an API that provides pristine metadata at scale for music labels, publishers, music supervisors, among many other audiences. The technology also enables customers to search for tracks, playlists and artists based on audiences, moods, genres, vocal features, instruments, tempo and more, unlocking the true value of catalogs and rights.

David Hoga, CEO and founder of Musicube, said: “Songtradr is the most exciting music company we have seen in a very long time. We are incredibly happy to join this exceptional team of music lovers and technologists as every single conversation we have had can be characterized by both cordiality and an ambitious agenda. We share a common vision of an artist-friendly music industry, using data to achieve it.”

With a team of more than 350 people and offices in 12 countries worldwide, Songtradr has grown from being a music tech product for independent artists to a multi-disciplined, end-to-end solution for music buyers, brands and rights holders.

Songtradr’s unique portfolio of the world’s leading music services companies (Massive Music, Big Sync Music and Song Zu) alongside its industry-leading technology and data products (Songtradr, Tunefind, Pretzel, Jaxsta (investment only) and Musicube) provides its customers a distinct advantage to maximize the value of music in their projects.

For more information about Songtradr’s products and services, visit songtradr.com.

ABOUT MUSICUBE:

Musicube’s music AI solution provides rich metadata for music labels, publishers, rights holders and others seeking song discoverability tools. The database includes more than 50 million song titles with ISRC and all contributors, as well as more than 500 keywords (such as moods, musical characteristics, content from song lyrics and many more). The company is composed of experienced musicologists and data scientists  based in Hamburg, Germany. For more information, visit http://www.musicu.be.

ABOUT SONGTRADR:

Songtradr is where music meets data, ideas meet innovation, and brand missions are transformed by sound.

We work with brands, agencies, businesses, labels, artists, and more, empowering them to excel on an international stage. Propelled by technology, real-time data intelligence, and musical expertise, our fully integrated products and services help amplify brands and enable artists and rights holders to realize the full potential of their catalog.

Whether with a classic song or a trending tune, a global music strategy or a sonic identity, we help translate ideas into powerful, ROI-driven solutions to ensure content always hits the right note.

We power the world with music.

Press Contact:
Kara Gaughan
Jive PR + Digital
778-872-7676  
kara@jiveprdigital.com   
www.jiveprdigital.com 

PR Newswire

CERC Chooses Vermiculus’ Clearing Solution to Revolutionize the Receivables Market

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STOCKHOLM, June 7, 2022 /PRNewswire/ — Vermiculus has been chosen to deliver a real-time clearing solution to CERC, the main financial market infrastructure specialized in receivables in Brazil. In this cooperation, Vermiculus will provide a solution based on its modern clearing system, VeriClearTM, which is an elastically scalable and AI-powered real-time clearing system.  

CERC has the mission to make the market of receivables more efficient and reliable and aims to achieve this by efficiently connecting stakeholders of multiple economic sectors. Attaining this demands a system with immense architectural integrity and flexibility that can adapt to the vast, diverse, and always changing requirements. It also seeks to maintain its cloud integration and therefore requires the most modern architectural solution. Furthermore, with CERC’s rapidly increasing business, the need for a multi-functional and greatly advanced settlement clearing system is paramount.

“Vermiculus’ VeriClearTM perfectly matches our ambition to modernize and streamline our industry in a powerful way that has never been done before.” 

– Marcelo Maziero, Co-Founder of CERC

CERC began its operations by pioneering the registry of trade invoices, which was later extended to include receivables from credit and debit cards, among other assets, making it a reference in this sector that moves trillions of Brazilian reais. Aware of this financial potential and the importance of receivables as collateral for credit transactions, CERC is expanding its services and is waiting for authorization from the Brazilian Central Bank (BCB) and Brazilian Securities and Exchange Commission (CVM) to operate a Settlement System and a Central Securities Depository, which will allow it to offer more services to further enhance credit transactions in Brazil.

The Vermiculus and CERC partnership is the beginning of a long and rewarding relationship between both companies. “We are excited to work together with the highly experienced and professional team at Vermiculus to develop a solution that supports our core objective of decentralizing data to reduce information asymmetry and help democratize the supply of credit so that more companies can benefit.” says Marcelo Maziero, co-founder of CERC. “In order for us to meet our uniquely advancing business initiatives, extreme flexibility and performance are key, which Vermiculus already delivers.”

Vermiculus’ multi-asset microservices-based clearing solution, VeriClearTM, provides comprehensive and flexible multi-currency settlement capabilities for clearing houses. The system allows for monitoring and managing receivables and risk in real-time across multiple markets as well as provides an in-depth overview of the transaction chain. The clearing system is optimized for being able to quickly adopt new business initiatives and product developments, with unparalleled scalability, adaptability, and customization. This is powered by intelligent APIs and AI functions which are presented with superior usability through its dynamic GUI dashboard. The analytical dashboard enables efficient drill-down possibilities and error handling through its algorithmic abilities and has the capacity to gather business intelligence.

Taraneh Derayati, CEO of Vermiculus says “Founded in 2015, CERC has built their business into one of the fastest growing marketplaces in Brazil with a uniquely diverse set of offerings. CERC’s innovative nature and execution power for diverse growth make them a fantastic client for Vermiculus as we value innovation and progressive ambition. With this collaboration, we will continue to deliver our mission-critical technology with uniquely flexible solutions based on our pioneering microservices and AI architecture.”

Derayati adds, “By working with such a forward-thinking client, we are set to deliver a powerful and modern product that is made-to-measure, fully adaptable, and of the highest performance.”

About CERC

Headquartered in São Paulo and founded in 2015 with employees throughout Brazil and the USA, CERC is a financial market infrastructure (FMI) operating in several economic sectors with several types of receivables. The company provides solutions that add transparency and security for analyzing, registering, and controlling property and settlement of financial assets, so that these assets can be more easily used as collateral for credit transactions.

CERC is the first cloud-native FMI specialized in receivables with an outstanding role in clearing (settlement registration and control) credit card receivables. It is Brazil’s largest FMI by volume of processed transactions. One of CERC’s main objectives is to centralize data from thousands of companies’ financial assets to reduce the information asymmetry that restricts market growth and supply more credit to businesses.

About Vermiculus Financial Technology 

Vermiculus Financial Technology provides cutting-edge trading, clearing and CSD solutions to market participants around the world. Vermiculus solutions are the first to bring together state-of-the-art advances in dynamic microservices architecture with vast experience in clearing house and exchange business requirements.  

Vermiculus solutions radically improve robustness, quality, and flexibility by utilizing AI-driven microservices, and can achieve superior environmental performance, elastic scalability, and cost-efficiency through SaaS and cloud-based deployment. 

The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses and CSDs.  With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked industry experts, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world’s largest exchanges, clearing houses and CSDs.  

For more information about Vermiculus and its product and service offerings, visit www.vermiculus.se or get in touch through info@vermiculus.se. 

For further information, please contact:
Taraneh Derayati – CEO
Vermiculus Financial Technology
Tel +46-(0)73 634 56 26
taraneh.derayati@vermiculus.se

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PR Newswire

Recon Receives NASDAQ Notification Regarding Minimum Bid Requirements

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BEIJING, June 4, 2022 /PRNewswire/ — Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that on June 1, 2022, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “RCON”.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until November 28, 2022 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event the Company does not regain compliance with the minimum bid price requirement by November 28, 2022, the Company may be eligible for an additional 180 calendar day grace period.

About Recon Technology, Ltd (“RCON”)

Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic of China’s first NASDAQ-listed non-state owned oil and gas field service company. 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, RCON has taken leading positions within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/.

Forward-Looking Statements

Recon includes “forward-looking statements” within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,” “should,” “would,” “expect,” “believe,” “anticipate,” “project,” “plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,” “intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.

For more information, please contact:

Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn

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PR Newswire

JX Luxventure receives Nomination for the “Best Software Solution Provider” Award

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HAIKOU, China, June 3, 2022 /PRNewswire/ — JX Luxventure Limited (Nasdaq: LLL) (the “Company”), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced today that that on June 2, 2022, it received a nomination for “Best Software Solution Provider” award at the 2022 Fifth Annual Global Cross-border E-Commerce Forum. 

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “Other nominees for this award are all well-known software and cross-border merchandise providers in the world, including Oracle China, Shoplazza and GiiMall.  We are truly honored that the Company, being the only early-stage company, was nominated for this award.   This is the affirmation of the professional work done by our technology team, led by our CTO, Liu Ze, an expert in Artificial Intelligence, Internet of All Things and Block Chain.  We have identified technology consulting as a new business segment and on June 1, 2022, we signed the first Technology Consulting Agreement with a value of USD1,000,000.   This is a great beginning of our technology consulting business and paved a solid foundation for the future.”

About JX Luxventure Limited

Headquartered in Haikou, China, JX Luxventure Limited is a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism. To learn more about the Company, please visit its corporate website at en.jxluxventure.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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PR Newswire

Help Organizations to Mitigate Risk in Microsoft 365 with ‘Vectra Protect’

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Vectra offers a free of charge security assessment for your cloud tenant

SINGAPORE, June 2, 2022 /PRNewswire/ — Vectra AI, a leader in AI-driven threat detection and response for hybrid and multi-cloud enterprises, today announced the launch of Vectra Protect, a posture management tool designed to discover and mitigate security risks in Microsoft 365 (M365). Vectra Protect combines 50,000+ hours of expert research and development with automation to analyze an organization’s M365 security posture and provide customized implementation plans to remediate risk. To ensure all organizations, regardless of security staffing or resources, can have access to the solution, Vectra is extending a free sign-up for an Azure Active Directory scan until September 30, 2022. 

With the accelerated use of M365 collaboration tools, which now have over 270 million users, cyber attackers are actively targeting access management tools like Azure AD to enter other SaaS tools and enterprise network assets. They then establish a foothold to launch ransomware attacks, steal intellectual property and gain unauthorized access to sensitive user data.

David Sajoto, Vice President, Asia-Pacific, and Japan (APJ) at Vectra comments, “Events of the past two years have accelerated adoption of public clouds, because no company wanted to deal with the physical realm. This resulted in more emphasis on adopting SaaS applications and moving from on-prem Exchange servers to M365 became a ‘gold standard’. Essentially, businesses had their stationary defenses set up around their fortress, and then moved everything out of that fortress which created new risks.”

With its scanning engine, Vectra Protect combines insights from the M365 Graph API with PowerShell module data to provide a truly holistic view into the integrity of every identity in an organization’s M365 environment. As the only scan designed to uncover identity security issues in M365, Vectra Protect provides organizations with:

  • Quick, actionable remediation insights: With its multi-stage methodology, the scan provides organizations with actionable results within hours. Rather than hindering the security team with more alerts, the scan creates a comprehensive risk mitigation map that provides a path to implementation with clear guidance on risk and operational impact.
  • Tailored cloud support: Organizations can gain insight into the severity of vulnerabilities, material changes to their configuration state, the operational impact of the required solution, and the steps for remediation aligned to their applicable industry standards and regulatory requirements.
  • Configuration correction and compliance: Vectra Protect delves deep into the configuration complexities of M365, highlighting misconfigurations with clear context to guide companies to complete risk resolution and provide security teams with the proof they need to show their policies are effective and compliant.
  • Confidence in collaboration: By understanding areas where risks and configuration issues persist, organizations can fulfill the promises of cloud technology without creating unmanaged risk. Organizations can gain efficiencies in implementing and using SaaS tools like M365 by eliminating default settings and aligning operations, information technology, security, and audit teams on security priorities.

“Azure AD has become a large attack vector as cybercriminals look to exploit the lack of security controls and solutions currently available for the tool,” said Aaron Turner, CTO of SaaS Protect at Vectra AI. “Organizations must understand that Microsoft’s default security settings are not specifically tailored to their business operations or industry, which introduces waves of unnecessary risk. Combining this with the constant changes in M365, both internally and externally, leaves a host of potential vulnerabilities and configuration issues that organizations are responsible for correcting. Vectra Protect helps unravel this complexity to deliver the visibility and assurance organizations need to protect these essential business tools.”

The free Vectra Protect for Azure AD scan, a value up to $50,000, will be readily available to any M365 customer operating in any M365 environment*.  The scan focuses on a common foothold for unauthorized access and risk: access management in the active directory. Turner will be showcasing the technology and enumerating how to protect the M365 tenant and hunt for threats during RSAC 2022 in San Francisco, CA. You can register for his session here.

For more details about Vectra Protect for Azure AD and to request a free scan, please visit: https://www.vectra.ai/azure-ad-scan

*Exclusions apply.

About Vectra AI

Vectra® is a leader in cyber threat detection and response for hybrid and multi-cloud enterprises. The Vectra platform uses AI to detect threats at speed across public cloud, identity, SaaS applications, and data centers. Only Vectra optimizes AI to detect attacker methods—the TTPs at the heart of all attacks—rather than simplistically alerting on “different”. The resulting high-fidelity threat signal and clear context enables cybersecurity teams to respond to threats sooner and to stop attacks in progress faster. Organizations worldwide rely on Vectra for cybersecurity resilience in the face of dangerous cyber threats and to prevent ransomware, supply chain compromise, identity takeovers, and other cyberattacks from impacting their businesses. For more information, visit vectra.ai.