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PR Newswire

Ready Computing and TIBCO Partner to Deliver an Enhanced Customer Experience

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NEW YORK, Aug. 3, 2021 — Ready Computing today announced its partnership with TIBCO Software Inc. as a Registered Partner under the TIBCO Partner Program. TIBCO, a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes to solve the world’s most complex data-driven challenges. Ready Computing offers products, solutions, and services, supporting TIBCO’s comprehensive software portfolio. The Registered Partner level is designated for organizations that have a strategic relationship with TIBCO, reflecting a high level of commitment to TIBCO’s mission of turning data into innovation by connecting everything, unifying data, and augmenting intelligence.

"At TIBCO, we’re dedicated to providing our customers with a comprehensive solution that connects their data, confidently making decisions in real-time. This focus and dedication extends to our partner program, especially our Registered Partners," said Tony Beller, senior vice president of worldwide partner ecosystems and OEM sales, TIBCO. "We’re better together, and look forward to seeing our customers continue to benefit as our ecosystem expands."

TIBCO continues to push the boundaries of innovation to deliver the best possible results for customers and partners, such as Ready Computing. TIBCO’s solutions that connect anything, unify data, and predict outcomes are available to Ready Computing and its customers, and are frequently acknowledged as industry-leading by top analyst firms and users alike.

As an active leader in the interoperability community, Ready Computing provides end-to-end technology services and solutions in the healthcare IT industry as well as other industries around the world. In addition, Ready Computing also offers a variety of impactful products, including Channels™, designed to connect individuals with community-based healthcare within the social services space.

"We are pleased to begin our new partnership with TIBCO because it enables us to continue delivering enhanced data management solutions that our clients can trust and rely on," said Brett Johnson, Vice President, Marketing and Business Development, Ready Computing. 

About Ready Computing

Ready Computing specializes in designing, building, implementing, and managing large scale IT solutions for healthcare and other industries. It serves both the public and private sectors in the U.S. and internationally, and supports organizations of all sizes with its comprehensive software and service offerings. Ready Computing excels in leveraging existing IT investments while providing complementary solutions that position clients for future growth and a competitive advantage. To learn more about Ready Computing and its end-to-end technology services and solutions, visit www.readycomputing.com.

About TIBCO
TIBCO Software unlocks the potential of real-time data for making faster, smarter decisions. Our Connected Intelligence platform seamlessly connects any application or data source; intelligently unifies data for greater access, trust, and control; and confidently predicts outcomes in real time and at scale. Learn how solutions to our customers’ most critical business challenges are made possible by TIBCO at www.tibco.com.

TIBCO and the TIBCO logo are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification.

CONTACT INFORMATION:

Tiffany Kayar
tiffanyPR@newswiremail.io

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Ready Computing and TIBCO
Ready Computing and TIBCO Partner to Deliver an Enhanced Customer Experience

PR Newswire

MWC21: VisualCamp’s eye tracking SDK “SeeSo” wins GLOMO award 2021

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SeeSo recognized in Best Mobile Innovation for Connected Living at MWC Barcelona 2021

BARCELONA, Spain, Aug. 2, 2021 — VisualCamp, eye tracking software company and a member of Born2Global Centre, won "Best Mobile Innovation for Connected Living" at the Global Mobile (GLOMO) Awards at MWC Barcelona 2021. GSMA judges recognized that SeeSo unlocks new possibilities in accessibility and usability across mobile platforms with eye tracking software.

Eye tracking SDK “SeeSo”-- Winner at the GLOBO awards 2021
Eye tracking SDK “SeeSo”– Winner at the GLOBO awards 2021

SeeSo is an AI-based eye-tracking SDK (Software Development Kit) platform which runs through virtually any device’s front-facing camera or webcam. The SDK could be downloaded anywhere in the world from its SaaS web platform "seeso.io" to innovate the mobile web and app industry.

Since the initial launch in April 2020, SeeSo has been updating SDK to strengthen the accuracy, robustness, and development platforms. Recently it added User Status APIs to help developers to track attention levels, drowsiness, and blinking more easily.

In 2020, SeeSo was applied to tablet PC educational services of top-tier Korean companies, including LG U+ and VISANG M Learning, enabling self-directed learning even in situations that require remote education, without a drop in ability to concentrate. For Millie’s Library, an e-book company, SeeSo was applied as a UI/UX enabling a book’s pages to be "turned" by the user moving his or her eyes, opening up a new world for vision interfaces. VisualCamp is slated to sign supply contracts for its eye-tracking technology with prominent Korean and foreign educational companies.

VisualCamp’s eye-tracking technology is characterized by its ability to broaden a client’s range of business because of its applicability to many sectors, including education, advertising and healthcare. The company recently hired medical experts and research staff for digital healthcare (finding digital cures for xerophthalmia, ADHD, dementia, developmental/cognitive disabilities) as a means of diversifying its area of business.

"It is an honor to receive the highest innovation award given for Industry X products, which will lead the world’s digital transformation, as well as to be recognized by mobile industry experts for having technological and business potential. Our goal is to apply our eye-tracking technologies to an even wider range of industries and constantly engage in innovation to enhance connectivity and accessibility for people throughout the world," said YunChan Suk, CEO of VisualCamp. 

The GLOMO Awards celebrate the companies and individuals driving innovation in the rapidly evolving mobile industry. They were set up 26 years ago by the GSMA. The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with almost 400 companies in the broader mobile ecosystem.

For more detailed information on VisualCamp, visit www.visual.camp, www.seeso.io or https://youtu.be/LmZTd9liTXQ

Media contact

VisualCamp: nana@visual.camp 
Born2Global Centre: jlee@born2global.com

PR Newswire

New Oriental Education & Technology Group Inc. Cancels Scheduled Earnings Release and Earnings Call

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BEIJING, July 31, 2021 — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, today announced that in light of the recent regulatory developments, it will cancel the earnings release for the fourth quarter of fiscal year 2021, as well as the corresponding earnings conference call and live webcast previously scheduled at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Tuesday, August 3, 2021. The Company will provide further updates at an appropriate time in the future.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com

Related Links :

http://english.neworiental.org

PR Newswire

ZENVIA Inc. Announces Closing of Concurrent Private Placement with Twilio Inc.

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SÃO PAULO, July 30, 2021 — ZENVIA Inc. ("ZENVIA") (NASDAQ: ZENV), announced yesterday the closing of its previously disclosed concurrent private placement of 3,846,153 of its Class A common shares to Twilio Inc. in a private transaction ("Concurrent Private Placement") at an offering price of US$13.00 per Class A common share.

ZENVIA raised US$50,000,000 in gross proceeds with the Concurrent Private Placement, and together with ZENVIA’s initial public offering ("IPO") of 11,538,462 Class A common shares at a public offering price of US$13.00 per Class A common share that closed on July 26, 2021, ZENVIA raised in aggregate approximately US$200,000,000 in gross proceeds.

As disclosed into ZENVIA’s effective registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission, part of the net proceeds from the IPO and the Concurrent Private Placement will be used to pay the consideration payable in cash to acquire One To One Engine Desenvolvimento e Licenciamento de Sistemas de Informática S.A. — Direct One and any remaining proceeds will be used for general corporate purposes, which may include investments for the development of software, products or technologies, investments in the international expansion of our operations, funding other opportunistic mergers, acquisitions or investments in complementary businesses, and maintaining liquidity.

About ZENVIA
ZENVIA is driven by the purpose of empowering companies to create unique experiences for customer communications through its unified end-to-end platform. ZENVIA empowers companies to transform their existing customer communications from non-scalable, physical and impersonal interactions into highly scalable, digital first and hyper contextualized experiences across the customer journey. ZENVIA’s unified end-to-end CX communications platform provides a combination of (i) SaaS focused on campaigns, sales teams, customer service and engagement, (ii) tools, such as software application programming interfaces, or APIs, chatbots, single customer view, journey designer, documents composer and authentication and (iii) channels, such as SMS, Voice, WhatsApp, Instagram and Webchat.

Its comprehensive platform assists customers across multiple use cases, including marketing campaigns, customer acquisition, customer onboarding, warnings, customer services, fraud control, cross-selling and customer. retention, among others. As of March 31, 2021, ZENVIA served more than 10,100 active customers throughout Latin America.

Contacts
ZENVIA Inc.
Attention to Investor Relations Department
ir@zenvia.com  
Avenida Paulista, 2300, Suites 182 and 184, São Paulo, SP, Brazil
Zip Code 01310-300

PR Newswire

Solace’s Event Streaming and Management Platform Now Available through AWS Marketplace

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OTTAWA, Ontario, July 30, 2021 — Solace’s market-leading event streaming and management technology, PubSub+ Platform, is now available for purchase in Amazon Web Services (AWS) Marketplace. This will help enterprises more easily implement event-driven architecture in the cloud by using PubSub+ Platform to accelerate and augment the applications, information and processes they run on the AWS Cloud.

AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that makes it easy to find, test, buy, and deploy software that runs on AWS.

"The addition of PubSub+ Platform to AWS Marketplace is a significant milestone in our quest to help enterprises harness the power of event-driven architecture to create business value," said Shawn McAllister, Solace CTO and CPO. "It also allows AWS customers to eliminate contracting cycles and have the convenience of purchasing PubSub+ Platform products on a subscription basis under the umbrella of AWS’s terms."

About Solace
Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed. Behind Solace technology is the world’s leading group of data movement experts, with nearly 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive. Established enterprises such as SAP, Barclays and the Royal Bank of Canada, multinational automobile manufacturers such as Groupe Renault and Groupe PSA, and industry disruptors such as Jio use Solace’s advanced event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures. Learn more at solace.com.

Press Contacts for Solace

EMEA
Ines Mitsou
Positive
imitsou@positivemarketing.com
0770 3884664

Americas
Greg Barr
greg.barr@solace.com

APAC
Neil Mirano
neil.mirano@ricecomms.com
+65 3157 5685

Related Links :

https://solace.com/

PR Newswire

Latest Nintex K2 Five Enhancements Elevate Rapid Application Development

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Newest features include a powerful in-product designer for developing digital forms with no-code custom branding and themes, error handling, and automated deployment capabilities to enhance app lifecycle management

MELBOURNE, Australia, July 30, 2021 — Nintex, the global standard for process management and automation, today announced the latest enhancements to Nintex K2 Five, its powerful low-code process automation on-premise software that IT professionals, app developers, and power users leverage to build powerful process and workflow applications with speed and ease.

 

"Since Nintex acquired K2 in October 2020, our teams have been hard at work to ensure we continue to provide our global Nintex community with technology innovations that take a modern approach to process automation and application development," said Nintex Chief Product Officer Neal Gottsacker. "Our latest features within Nintex K2 Five further empower IT teams and app developers to rapidly and easily build mission-critical solutions."

New features include:

  • Style Profile
    The new Style Profile provides a visual design experience for creating customised themes and styles that can be applied to any form, enabling organisations to standardise the look-and-feel of all applications to match corporate brand guidelines or create different looks for each application they build.
  • Built-in error resolution
    Error resolution handling can be customised for apps with "On Workflow Error" events, empowering teams to specify what action should be taken when an error occurs.
  • Automated deployment
    Existing CI/CD pipelines can be supported with enhanced capabilities for automated packaging and deployment of K2 Software-based applications and dependent resources.

Improving the way people work

First Solar, one of the world’s largest solar manufacturers, leverages the Nintex K2 Five process automation platform to centralise support while gaining the flexibility to build workflows.

"Nintex K2 Five gives us the ability to get solutions out the door a lot faster. We’ve been able to get the same amount of work done in less time but with better quality. You don’t have to be a developer to build things, which has expanded the number of people who can work on things internally and reduced our reliance on third parties and offshore developers," said Charles Carr, Manager, IT, First Solar.

Designed to solve business problems quickly and at scale, three of the most notable benefits of Nintex K2 Five include:

  • Process apps that are built and deployed rapidly
    With low-code tooling, organisations can build powerful process apps with the simplicity of drag-and-drop design.
  • Empowered teams and maximised resources 
    IT can build and deploy customised apps faster while enabling less-technical power users to automate their own workflows in a low-code setting. 
  • Take control of processes and workflows
    Improve visibility into enterprise-wide processes while maintaining control and governance over who has access and what information they have access to.

To put The Power of Process™ to work today, request a free demo of Nintex K2 Five at https://www.nintex.com/request-demo/.

Media Contact
Laetitia Smtih
Nintex 
laetitia.smith@nintex.com
cell: +64 21 154 7114                               

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

Logo – https://techent.tv/wp-content/uploads/2021/07/latest-nintex-k2-five-enhancements-elevate-rapid-application-development.jpg

Related Links :

http://www.nintex.com

PR Newswire

WorkForce Software Partners with SAPinsider, IBM and eightfold.ai on Global Survey Revealing the Current State of Human Experience in the Workplace

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When compared to two years ago, 65% of those surveyed put a greater organizational focus on employee experience

LIVONIA, Mich., July 29, 2021 — Leading global provider of integrated workforce management and employee experience solutions WorkForce Software released the results of the benchmark report titled, The State of Human Experience in the Workplace which it co-sponsored with IBM and eightfold.ai. SAPinsider surveyed 111 members of its community in May and June 2021 and generated responses from across a wide range of geographies, industries, and company sizes. The goal of the survey was to understand important factors driving human experience for SAP customers and to discover the strategies to adequately address these factors.

Employee experience has been a growing topic for years, but the COVID-19 pandemic has amplified its importance. With many employees forced to move to partial or fully remote working arrangements and deskless workers evaluating their options with alternative companies and roles, employers are seeking new ways to engage with both existing workers and potential recruits. The State of Human Experience in the Workplace report provides key insights into where organizations currently are on their employee experience management journey.

The report analysis includes the factors driving employee experience management strategies today and the top challenges employers have faced over the past year.  When asked, "What Drives Employee Experience Strategy?" more than half (54%) of survey respondents indicated that an increase in remote work caused by the pandemic was their largest driver of employee experience strategy, followed by major organizational change (31%), increased competition for talent (27%), and higher employee turnover rate (25%).

When it comes to addressing these employee experience drivers, many companies say that optimizing self-service to make employee and work data more accessible is their lead action (indicated by 61% of respondents) and investing in technology to improve worker productivity is a tactic utilized by 59%, while 54% of respondents say creating spaces and processes to increase collaboration between employees and teams is one of their main focuses.  Additionally, nearly 50% of respondents are adding or improving employee feedback or surveys to capture their employees’ sentiment, so they can better react in the moment and increase employee satisfaction.

These top tactics all involve technology and indicate a need for software solutions that will enable self-service, create collaboration spaces (particularly remotely), and better capture sentiment through in-the-moment surveys. However, the survey found that not many companies have actually implemented the software they need; just over one-third (35%) of respondents are currently using or implementing workforce management solutions (WFM), and over half are either planning to implement WFM in the next 24 months or are aware of the need for WFM.

Companies are even further behind with offering their employees end-to-end employee experience solutions — less than 2% of survey respondents currently use them.  However, 72% of those surveyed are planning to implement end-to-end employee experience solutions in the next 24 months or are currently evaluating them.

"These survey results with SAPinsider underscore what our customers are telling us – now is the time to invest in modern technology to bolster employee experience in the workplace," said Alan Winegar, Chief Services Officer at WorkForce Software. "This past year has shown us that businesses that can pivot and be flexible and attentive to their employees’ changing needs will gain a competitive edge and opportunity to thrive. Investing in business operations that have a direct positive impact on your employees’ day-to-day work experience also have an impact on your customers’ increased satisfaction too. Great customer and employee retention are what we all strive for and modern WFM technology can help global businesses achieve that."

To learn more about The State of Human Experience in the Workplace survey and results, download your free copy of the report here or register here to attend a free webinar discussing the survey findings on August 3, 2021 at 2:00 PM ET or to be sent the recording after the event.

About WorkForce Software
WorkForce Software is the first global provider of workforce management solutions with integrated employee experience capabilities. The company’s WorkForce Suite adapts to each organization’s needs—no matter how unique their pay rules, labor regulations, and schedules—while delivering a breakthrough employee experience at the time and place work happens. Enterprise-grade and future-ready, WorkForce Software is helping some of the world’s most innovative organizations optimize their workforce, protect against compliance risks, and increase employee engagement to unlock new potential for resiliency and optimal performance. Whether your employees are deskless or office workers, unionized, full-time, part-time, or seasonal, WorkForce Software makes managing your global workforce easy, less costly, and more rewarding for everyone.  For more information, please visit WorkForceSoftware.com.

PR Newswire

42Gears Delivers Data-driven Insights with VisibilityIQ™ Foresight on Zebra Handheld Devices

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FREMONT, Calif., July 29, 2021 — 42Gears, a leading device management software provider, today announced that SureMDM, its unified endpoint management solution, now supports Zebra VisibilityIQ™ Foresight on Zebra Technologies’ rugged mobile computers and tablets. This will allow 42Gears customers to monitor VisibilityIQs Foresight’s data-driven analytics from the central SureMDM console, enabling smarter decision-making. 42Gears is a Zebra PartnerConnect Independent Software Partner.

SureMDM’s integration with VisibilityIQ Foresight benefits retail, logistics, and transportation firms requiring quick decision-making for frontline workers. With the help of VisibilityIQ Foresight, decision makers can quickly detect new trends, anticipate future challenges, and make the decisive choices needed to thrive in rapidly-changing industries.

Business benefits: 

Data-driven decision making: VisibilityIQ Foresight provides real-time data about any firm’s Zebra devices, enabling admins to make rapid, smart choices to maximize efficiency.

A stronger central command center: VisibilityIQ Foresight joins the rich sets of data instantly available to anyone using the SureMDM online console. Now, admins can find even more data and make even better decisions in the same console.

A competitive advantage in uncertain times: VisibilityIQ Foresight leverages each enterprise’s past patterns to anticipate future trends, letting users avoid or overcome problems.

About 42Gears

42Gears is a leading Unified Endpoint Management solution provider, offering SaaS and on-premise solutions to secure, monitor, and manage all business endpoints, such as tablets, phones, desktops, wearables, and VR headsets. 42Gears products support company-owned as well as employee-owned devices built on Android, iOS, iPadOS, Windows, macOS, Wear OS, VR, and Linux platforms. 42Gears products are used in various industries, such as healthcare, manufacturing, logistics, education, and retail. 42Gears products are trusted by over 18,000 customers in more than 115 countries. For more information, please visit https://www.42gears.com.

Related Links :

https://www.42gears.com

PR Newswire

PageUp selected by Capital Radiology to automate and streamline talent acquisition

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MELBOURNE, Australia, July 27, 2021 — Capital Radiology, a leading provider of diagnostic imaging services in Australia, has partnered with PageUp to enhance its talent acquisition framework with best-in-class recruitment software.

PageUp will work with Capital Radiology to optimise its talent acquisition and recruitment processes, facilitating greater automation and efficiency for the organisation, as well as delivering an outstanding candidate, recruiter, and hiring manager experience.

Capital Radiology is a proudly community-focused organisation, dedicated to delivering a quality and compassionate experience for its patients. People are integral to Capital’s success, and PageUp’s Recruitment Management software will support the organisation’s strategy to attract and recruit and engage the best talent in the industry, in both the Australian and international markets.

PageUp’s best-in-class talent management solution will optimise Capital’s talent acquisition process by:

  • Automating and streamlining the talent acquisition process
  • Facilitating extended reach into the Imaging industry and Australian employment market
  • Providing an engaging candidate experience
  • Improving internal governance process and access to insights and analytics at each stage of the talent acquisition process.

"We are delighted to partner with PageUp to deliver an exceptional talent acquisition experience to candidates and our business. This partnership represents a key step in our transformation and further supports our strategy to become a Destination Employer within the Imaging industry and in the Australian market.  We are excited to get started with PageUp and are proud to work with another great Australian company to deliver great outcomes," says Sharon Caffel, Chief People Officer, Capital Radiology.

"We are excited to support Capital Radiology in its mission to deliver exceptional services and experiences to its patients, team members. Finding great talent in the market is more important than ever, and PageUp will support Capital Radiology’s talent acquisition processes to hire the best," says Mark Rice, CEO, PageUp.

About Capital Radiology

Capital Radiology is a network of community-based diagnostic imaging clinics across Victoria and Western Australia. Capital Radiology are part of the Capitol Health network, with imaging brands including Imaging at Olympic Park, Fowler Simmons Radiology, Direct Radiology and Radiology Tasmania under its banner. Its clinics proudly serve the community with compassion, integrity and precision.

The Capitol Health network has 65 clinics and an 800+-strong workforce, including more than 100 radiologists. Together, they conduct more than 1.2 million procedures every year, across Australia.

Patients, referrers and customers have access to some of Australia’s leading radiologists, radiographers and sonographers, including other subspecialists in musculoskeletal imaging, cardiovascular and CT coronary angiography (CTCA), nuclear medicine and breast imaging.

About PageUp

The powerful PageUp platform optimises each step of the talent management lifecycle – so everyone can reach their full potential. PageUp Talent Management software enhances HR processes with technology that HR professionals, people leaders and employees love to use. From Recruitment Marketing – including sophisticated content management, marketing automation and candidate relationship management tools – through to Recruitment Management, Onboarding, Learning, Performance, and Succession – all underpinned by Analytics.

Customers love PageUp for its deep functionality and ability to be configured for a range of workflows and industries, all accompanied by outstanding customer service. Used in over 190 countries, PageUp is a truly global solution. PageUp has offices in Melbourne, Sydney, New York, London, Dublin and Singapore.

Related Links :

https://www.pageuppeople.com/

PR Newswire

New Oriental Education & Technology Group Inc. Provides Update on New Regulations

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BEIJING, July 25, 2021 /PRNewswire-Asia/ — New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU and SEHK: 9901), the largest provider of private educational services in China, announced that, on July 24, 2021, China’s official state media, including Xinhua News Agency and China Central Television, announced the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (the "Opinion"), issued by the General Office of the CPC Central Committee and the General Office of the State Council.  The Opinion contains high-level policy directives about requirements and restrictions related to after-school tutoring services, including (i) institutions providing after-school tutoring services on academic subjects in China’s compulsory education system, or Academic AST Institutions, need to be registered as non-profit, no approval will be granted to new Academic AST Institutions, and an approval mechanism will be adopted for online Academic AST Institutions; (ii) foreign ownership in Academic AST Institutions is prohibited, including through contractual arrangements, and companies with existing foreign ownership need to rectify the situation; (iii) listed companies are prohibited from raising capital to invest in businesses that teach academic subjects in compulsory education; (iv) Academic AST Institutions are prohibited from providing tutoring services on academic subjects in compulsory education during public holidays, weekends and school breaks; and (v) Academic AST Institutions must follow the fee standards to be established by relevant authorities. The Opinion also provides that institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China’s compulsory education system) shall take into consideration the Opinion when conducting activities.

The Company will follow the spirit of the Opinion and comply with relevant rules and regulations when providing educational services. The Company is considering appropriate compliance measures to be taken, and expects such measures to have material adverse impact on its after-school tutoring services related to academic subjects in China’s compulsory education system.  The Company will proactively seek guidance from and cooperate with the government authorities in connection with its efforts to comply with the Opinion and any related rules and regulations.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.

About New Oriental

New Oriental is the largest provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental’s program, service and product offerings consist of K-12 after-school tutoring, test preparation, language training for adults, pre-school education, primary and secondary school education, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental’s ADSs, each of which represents one common share. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:

Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn

Ms. Rita Fong / Ms. Charlotte Cheung
FTI Consulting
Tel: +852 3768 4548 / +852 3768 4732
Email: rita.fong@fticonsulting.com / charlotte.cheung@fticonsulting.com

Related Links :

http://english.neworiental.org