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PR Newswire

LTI FY21 USD Revenues grow 9.5%; Net Profit up 27.5%, Q4 FY21 USD Revenues up 9.1% YoY

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MUMBAI, India, May 4, 2021 — Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company, announced its Q4 FY21 and full year FY21 results today.

Q4 FY21

In US Dollars:

  • Revenue at USD 447.4 million; growth of 4.6% QoQ and 9.1% YoY
  • Constant Currency Revenue growth of 4.4% QoQ and 7.1% YoY

In Indian Rupees:

  • Revenue at INR 32,694 million; growth at 3.7% QoQ and 8.5% YoY
  • Net Income at INR 5,457 million; Net Income growth at 5.1% QoQ and 27.6% YoY

Full year FY21

In US Dollars:

  • Revenue at USD 1,670.1 million; growth of 9.5% YoY
  • Constant Currency Revenue growth of 8.8% YoY

In Indian Rupees:

  • Revenue at INR 123,698 million; growth at 13.7% YoY
  • Net Income at INR 19,382 million; Net Income growth at 27.5% YoY

Capital Return

  • Final Dividend of INR 25 per share; Dividend pay-out ratio of 36.1% for the year
  • ROE of 30.5% for the year

"Supported by a strong Q4, FY21 was another year of market leading growth. We are happy to report revenue growth of 9.5% and net profit growth of 27.5% for the year. In Q4, we also won two large deals with net new TCV of USD 66 mn, culminating into a record large deal TCV for FY21.

Our superior performance is a result of the untiring efforts of 35,000+ LTItes who stood together during one of the most trying times ensuring client deliveries. We will continue to invest in the strength of our business as we remain committed to growth in FY22 as well."

– Sanjay Jalona, Chief Executive Officer & Managing Director

Recent Deal Wins

–  LTI has been chosen as a long-term strategic partner in a vendor consolidation deal for management of core insurance platforms for a large Fortune 500 Insurance company. This is a unique deal which includes vendor consolidation and several modernization programs across multiple core areas in the property and casualty insurance space in North America.

–  A leading regional bank, a new logo, selected LTI for a core banking transformation program involving implementation of Temenos. As part of the program, LTI will be the lead system integrator and will replace the Bank’s existing lending platform using the Temenos T24 platform as well as handle data migration from legacy systems. The implementation of this program will enable the bank to introduce new lending products, reduce complexities, service its increasing customer base in a faster and efficient manner while lowering the total cost of ownership. Empowered with pre-configured local functions, this transformation will enable the bank to cater to regulatory requirements within a relatively short time span and reduced efforts.

–  LTI has been selected by a US based heavy equipment manufacturing conglomerate for an application managed services deal for its parts business to enable reduction in total cost of ownership and operational excellence.

–  A North American property and casualty mutual insurance company has partnered with LTI to replace its existing on-premise legacy core systems with a SaaS based Duck Creek solution. This engagement will accelerate client’s digital transformation to enable better customer experience and support. It will also optimize operational costs and enable rapid expansion of services to other regions.

–  A Global Fortune 500 multinational pharma corporation has chosen LTI as its advisory partner to transform its finance function. LTI will play a key role in meeting business objectives such as data consistency by implementing effective data monitoring and reconciliation processes for their global business operations.

–  A Germany based multinational engineering conglomerate has selected LTI for an SAP HANA Data Lake migration project to Snowflake for its energy business company, to ensure significant cost savings with scaling and managing data analytics and increased efficiencies in the form of faster decision making.

–  A Global Fortune 500 energy distribution company has selected LTI to support its SAP Customer Information System implementation for one of its acquired entities. The aim of this program is to digitize its meter-to-cash process and bring about automation in customer services to deliver operational efficiencies and cost reduction.

–  A leading property and casualty insurance software and data analytics provider based in North America has selected LTI to migrate from their legacy enterprise data warehouse platform to Snowflake’s data cloud in phased manner to ensure reduced costs, streamline processes, enhance efficiencies and competitive advantage.

–  LTI has been selected to provide infrastructure support and network operations services to reduce costs and increase efficiencies for a leading distributor of specialty concrete and construction products in North America.

–  A Global Fortune 500 entertainment and media enterprise has selected LTI to build a global reporting platform for its digital media supply chain applications using Snowflake to provide enhanced visibility of complex supply, production and delivery workflows across the enterprise.

–  The international branch of a leading financial services providers in the UK has appointed LTI as the lead systems integrator for their core banking modernization and transformation program. This will enable leveraging capacity and stability of the Cloud with Temenos SaaS to improve customer experience, reduce costs and bring new products to market faster and scale efficiently.

Awards and Recognitions

–  LTI topped the list of ‘IT Services Challenger 2021’ in Everest Group’s PEAK Matrix Service Provider of the YearTM Awards. LTI also improved its ranking from 16 last year to 11 in the overall PEAK Matrix® rankings for IT services – the highest leap registered by any player. LTI is also a Star Performer of the Year in Banking and Financial Services PEAK Matrix® Assessments

–  LTI Leni and LTI Mosaic recognized in The Forrester Tech Tide™: Enterprise Business Insights & Analytics, Q1 2021

–  LTI Recognized as a Leader in the ISG Provider Lens™ Intelligent Automation – Solutions and Services in AIOps for Midmarket – US 2020

–  LTI positioned as an Innovator in Avasant’s IoT Services RadarView™ Report 2021

Other Business Highlights

–  The Board of Directors at its meeting held on May 4th, 2021 have recommended a final dividend of INR 25 per equity share (Face value of INR 1) for the financial year 2020-21. Total dividend for FY21 is INR 40 per equity share, including the interim dividend of INR 15 per equity share declared in October 2020

–  LTI appointed Anil Rander as its Chief Financial Officer. He is a seasoned finance leader with over 27 years of multifaceted experience in driving business performance and growth. He joins LTI from Tech Mahindra Ltd., where he was Global Head of Finance for BPS. Also, as Senior Vice President – Finance and Legal, he led the Finance, Legal, Facilities & Risk Management functions of Tech Mahindra Business Services Ltd.

–  LTI and AWS have entered into a Strategic Partnership to Accelerate Enterprise Cloud Adoption to expand joint offerings for Migration, Modernization, SAP, IoT, and Data-on-Cloud.

–  LTI is recognized as a Microsoft Azure Expert Managed Services Provider, the prestigious program is a global initiative by Microsoft that enables its leading partners to differentiate by proving real-world proficiency and skills in data and cloud competencies

–  LTI in the UK has been recognized with Top Employer 2021 certification, by the Top Employers Institute, the global authority recognizing excellence in people practices

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 34,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.Lntinfotech.com or follow us at @LTI_Global.

Earnings Conference Call and Audio Webcast

May 05th, 2021 (05:30 PM IST)

Please dial the below number at least 5-10 minutes prior to the conference schedule to ensure that you are connected to your call in time.

Universal Access Number

+91 22 6280 1104
+91 22 7115 8005

 

International Toll Number

USA                         : 13233868721

UK                           : 442034785524

Singapore               : 6531575746

China Hong Kong  : 85230186877

Replay of Conference Call

Available after 1 hour from the call end time until May 9th, 2021

Playback Code: 70765

Dial-in Number: India                                          +91 22 7194 5757
                                                                              +91 22 6663 5757

                              USA Toll Free                         18332898317

                              UK Toll Free                           8007563427

                              Singapore Toll Free                8001012510

                              China Hong Kong Toll Free   800965553

Audio Webcast

The audio from the conference call will be available online through a webcast and can be accessed at the following link: https://links.ccwebcast.com/?EventId=LT210505

Click here for your DiamondPass™ 

DiamondPass™ is a Premium Service that enables you to connect to your conference call without having to wait for an operator.

If you have a DiamondPass™, click the above link to associate your pin and receive the access details for this conference. If you do not have a DiamondPass™, please register through the link and you will receive your DiamondPass™ for this conference.

 

PR Newswire

Cleveland Clinic, Lifebanc and Transplant Connect Develop Automated Donor Referral Process

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New system streamlines organ donation process, helping to save, heal more lives through donation, transplantation

CLEVELAND, May 4, 2021 — Cleveland Clinic, Lifebanc and Transplant Connect have designed and launched a fully automated donor referral system to streamline the process for hospital staff identifying and evaluating potential organ, tissue and eye donors.


The new process was launched successfully throughout the Cleveland Clinic health system in northeast Ohio in February 2021, following a successful pilot at Cleveland Clinic main campus and Cleveland Clinic Fairview Hospital in 2020. To implement a donor referral process that would work with each of the organization’s platforms, Cleveland Clinic collaborated with Lifebanc, the non-profit organ procurement organization (OPO) for northeast Ohio, and Transplant Connect, a medical software company specializing in donation-transplant software.

One person’s donation can save the lives of up to eight people and enhance the lives of 50 more. The Centers for Medicare & Medicaid Services mandates that every U.S. hospital refer all deaths and imminent deaths to its designated OPO in a timely manner.  When using the existing manual process, which is labor-intensive and time-consuming, hospital staff must identify each potential donor, place a call to notify the OPO and communicate relevant information to allow the donation evaluation to proceed.

"Our clinical and technical caregivers at Cleveland Clinic are continuously working to make improvements to identify candidates for organ donation," said Brent Hicks, senior director of digital and clinical health at Cleveland Clinic. "This resulted in significant workflow and time-saving improvements but still required a lengthy phone call to the OPO. With the new process, a phone call is no longer required. The entire donor referral process is now automated and in use in all of our northeast Ohio locations."

A Cleveland Clinic team of nurses, end-of-life care professionals, and technology experts worked together to automate the internal process while maintaining quality, privacy, and patient safety. The project came to fruition with support from a Cleveland Clinic Caregiver Catalyst Grant that rewards with funds the innovation and initiative of Cleveland Clinic caregivers.

"We pride ourselves on providing high-quality, safe care, and keep looking for ways to innovate," said Meredith Foxx, executive chief nursing officer at Cleveland Clinic. "Working closely with Lifebanc and Transplant Connect, we made improvements to our organ-donation process to benefit patient care, which translates into our nurses spending more time at the bedside with the patient and their family." 

Transplant Connect’s electronic medical record software, known as iTransplant, is used by Lifebanc and most other OPOs in the United States. It facilitates nearly 75% of U.S. organ transplants from deceased donation.  Its automated donor referral interface, known as iReferral, is currently in nationwide rollout with many hospitals and OPOs.  The iReferral interface allows for donor referrals to be sent automatically, immediately and securely from the hospital’s electronic medical records system to the OPO’s iTransplant system.

"This iReferral launch with Cleveland Clinic and Lifebanc is the largest deployment of automated donor referral technology to date," said John Piano, founder and chief executive officer at Transplant Connect and inventor of the automated donor referral.

"We are honored to have worked through this process with Transplant Connect and Cleveland Clinic," said Lifebanc’s Chief Executive Officer Gordon Bowen. "By streamlining the organ donation referral process, the results will lead to more donors and more organs for those waiting for a life-saving gift."

ABOUT CLEVELAND CLINIC: Cleveland Clinic – now in its centennial year – is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual "America’s Best Hospitals" survey. Among Cleveland Clinic’s 70,800 employees worldwide are more than 4,660 salaried physicians and researchers, and 18,500 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,500-bed health system that includes a 173-acre main campus near downtown Cleveland, 19 hospitals, more than 220 outpatient facilities, and locations in southeast Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2020, there were 8.7 million total outpatient visits, 273,000 hospital admissions and observations, and 217,000 surgical cases throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 185 countries. Visit us at clevelandclinic.org. Follow us at twitter.com/ClevelandClinic. News and resources available at newsroom.clevelandclinic.org.

ABOUT LIFEBANC: Lifebanc is Northeast Ohio’s non-profit organ, eye and tissue recovery organization with a mission to save and heal lives. The organization serves over 4 million people and works with 80 hospitals in a 20-county area. Lifebanc facilitates the organ, eye and tissue recovery and donation processes, provides extensive care and support services to donor families, as well as coordinates community outreach and education programs to encourage registration on the Ohio Donor Registry. For more information on Lifebanc or to register as an organ, eye and tissue donor visit www.lifebanc.org

ABOUT TRANSPLANT CONNECT:  Transplant Connect is a socially-conscious medical software enterprise based in Los Angeles. Its iTransplant Donation-Transplant Ecosystem Software Platform is used to facilitate nearly 75% of all deceased donation in the U.S. as well as across a number of other countries and is relied upon every day by many thousands of medical professionals at hospitals, OPOs, transplant centers, tissue banks, eye banks, transport companies and other organizations.  Integrated with its interoperable iTransplant Platform, the company’s iReferral Hospital EMR Interface technology is in wide U.S. rollout and is disrupting and replacing the inefficient and time-consuming manual donor referral process between hospitals and OPOs.  www.transplantconnect.com

ABOUT ORGAN, TISSUE AND EYE DONATION:  Despite the increase in organ, eye and tissue donors there remains a critical organ shortage in the United States. There are currently 118,195 people waiting for a life-saving organ transplant across the country. There are 1,655 people waiting in Northeast Ohio alone. In 2020, 360 people in Northeast Ohio either died waiting for an organ or became too sick to transplant.

The best chance those still waiting have at receiving the life-saving transplant they need is by increasing the number of people who register their wishes to be an organ, eye and tissue donor. In 2020, over 47,712 people in Northeast Ohio registered for the first time on the Ohio Donor Registry.

To learn more about what it means to be an organ, eye and tissue donor and to register online, please click here.  https://www.lifebanc.org/how-to-help/register-as-a-donor/

 

Related Links :

http://www.transplantconnect.com

PR Newswire

Registration Opens for QAD Tomorrow Thought Stream

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Manufacturers will learn the importance of strengthening supplier relationships to improve supply chain resiliency and better prepare for the challenges of tomorrow

JAKARTA, Indonesia, May 3, 2021 — QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).

QAD Inc. announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).
QAD Inc. announced today that it has opened registration for its global thought stream event, QAD Tomorrow. QAD Tomorrow will stream on May 19, 2021, at 10 am (ICT).

"Global manufacturers continue to face ever-increasing and unprecedented disruption," said QAD CEO Anton Chilton. "Supply chains are brittle as evidenced by COVID-19’s impact. Integrated Supplier Management is a critical capability that can help a manufacturer reduce its supply chain risk while at the same time increase efficiency and agility. QAD Tomorrow attendees will hear from QAD customers as well as subject matter experts to learn how to identify the risks in their supply chains and supplier networks and prepare for the challenges caused by disruption."

Attendees can register for the event by visiting qad.com/tomorrow2021 beginning April 19. Registration is free and continues up until the event on May 19.

QAD Tomorrow will help manufacturers determine whether their supply chains are prepared to effectively deal with disruption through an online diagnostic provided after the event. Attendees will learn about the challenges manufacturers face, their root causes and the best practices for overcoming them. Speakers will include QAD CEO Anton Chilton, other QAD executives and QAD customers. For the latest QAD Tomorrow news follow #QADTomorrow on social media.

QAD Tomorrow debuted in 2020, focusing on the disruption in manufacturing and the imperative for manufacturers to digitally transform their businesses.

About QAD – Enabling the Adaptive Manufacturing Enterprise

QAD Inc. is a leading provider of adaptive, cloud-based enterprise software and services for global manufacturing companies. Global manufacturers face ever-increasing disruption caused by technology-driven innovation and changing consumer preferences. In order to survive and thrive, manufacturers must be able to innovate and change business models at unprecedented rates of speed. QAD calls these companies Adaptive Manufacturing Enterprises. QAD solutions help customers in the automotive, life sciences, consumer products, food and beverage, high tech and industrial manufacturing industries rapidly adapt to change and innovate for competitive advantage.

Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions, including enterprise resource planning (ERP), digital supply chain planning (DSCP), global trade and transportation execution (GTTE), quality management system (QMS) and strategic sourcing and supplier management, to become an Adaptive Manufacturing Enterprise. To learn more, visit www.qad.com or call +6221 3973 8908. Find us on Twitter, LinkedIn, Facebook, Instagram and Pinterest.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing.  Forward-looking statements are based on the company’s current expectations.  Words such as "expects," "believes," "anticipates," "could," "will likely result," "estimates," "intends," "may," "projects," "should," "would," "might," "plan" and variations of these words and similar expressions are intended to identify these forward-looking statements.  A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.  These risks include, but are not limited to: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company’s products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment.  For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company’s latest Annual Report on Form 10-K and, in particular, the section entitled "Risk Factors" therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter.  Management does not undertake to update these forward-looking statements except as required by law.

Contacts

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com
or
Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

Related Links :

http://www.qad.com

PR Newswire

Open source innovation recognised by royalty as Payara wins prestigious Queen’s Award for Enterprise

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LONDON and WORCESTER, England, April 30, 2021 — Micro-multinational open source software company, Payara Services, has been commended for its achievements within global trading and exporting with the Queen’s Award for Enterprise for International Trade.

Payara wins Queens Award for Enterprise
Payara wins Queens Award for Enterprise

Now in its 55th year, the Queen’s Award for Enterprise: International Trade is the UK’s most prestigious business award, honouring organisations that have excelled in overseas exports whilst maintaining the highest standards in social, economic, and environmental activity. 

Payara’s win attests to the growing success of the open source software business model. Payara’s open source product offering, the Payara Platform, is based on the global initiatives of the Jakarta EE and MicroProfile standards. Community users can download the Payara Platform Community Edition for their development projects and containerized Jakarta EE and MicroProfile applications, while the fully supported, subscription based Payara Enterprise Edition is designed for mission critical systems in production and containerized Jakarta EE and MicroProfile applications.

As one of just 205 businesses across the country to have received this accolade personally approved by Her Majesty The Queen, often called the ‘knighthood for businesses’, Payara can utilise the esteemed Queen’s Award emblem within its marketing and promotional activity for the next five years.

Steve Millidge, Founder and CEO of Payara Services Ltd, commented: "We’re thrilled to win a Queen’s Award for International Trade. Payara was born global and has team members in many countries. This award recognises their commitment to the mission of delivering trusted, supported, enterprise software to customers worldwide."

Payara’s Marketing Manager, Dominika Tasarz-Sochacka, added: "This prestigious award enhances our global reputation and builds on the exceptional growth we’ve experienced overseas in the last three years."

Since it was founded in 2016, Payara has implemented a strategy for overseas trade, with 95% of its services currently exported to a total of nine countries, including the USA, Japan, South Africa, and Germany.

Headquartered in Worcestershire, with a secondary EU office in Funchal, Portugal, Payara Services is recognised for its creation of innovative infrastructure software including the delivery of 24/7 production, development and migration support to customers around the world, including BMW Group, Hermes, and Rakuten Card.  

The firm’s leading team of tech experts – or ‘Payarans’ – have worked incredibly hard to increase annual revenue by 107% over the last three years, with export sales more than doubling from 33% to 75%. The Payara Server has now become one of the fastest-growing open source platforms globally, with a community of over 320,000 users.

Payara continues to expand its global customer base to reach new markets and has several innovative projects in the pipeline, including the Payara Cloud. September of 2021, Payara Cloud is the next generation of cloud-native application server and all-in-one PaaS provides a more efficient way to run Jakarta EE apps on the cloud with no Kubernetes knowledge required.

https://www.payara.fish 
https://www.gov.uk/queens-awards-for-enterprise 

 

 

 

Related Links :

https://www.payara.fish/

PR Newswire

Deltek Vantagepoint Sees Significant Momentum Proving It’s a Solution Leader in the A&E and Consulting Industries

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HERNDON, Va., April 28, 2021 — Deltek, the leading global provider of software and solutions for project-based businesses, announced it has gained significant momentum with its Deltek Vantagepoint solution, now used by more than 400 companies to power project success. In 2021, Deltek released a new and innovative update, Vantagepoint 4.0, in addition to earning several designations as a solution leader on G2, a peer review platform.

Built specifically for professional services firms including A&E firms and Consulting firms, Vantagepoint helps firms improve productivity, boost collaboration and increase profitability. Since its initial release, Vantagepoint has undergone significant enhancements including interactive dashboards, visual project scheduling, streamlined invoicing and billing, intelligent character recognition (ICR) for expenses, simplified approvals, a Deltek personal virtual assistant and much more.

In the latest release, Vantagepoint 4.0, the focus is on business insight and business process improvement with advanced business intelligence, improved project status visibility and digital mark up for draft invoices.

"We are excited about bringing this new release of Vantagepoint to the market," said Bret Tushaus, Vice President of Product Management at Deltek. "From expanded analytics with our Vantagepoint Intelligence module, to more intelligent banking processes due to ICR matching on credit card charges, to smarter mobile apps – Vantagepoint 4.0 is designed to empower every user."

"Dashboards are my favorite part of Vantagepoint," said Colleen Frolich, Manager of Information Systems at McCormick Taylor – a full service civil engineering firm that uses Deltek Vantagepoint. "We can use them to control what type of information is delivered to help project managers focus on the information important to them – and the dashboard filters make it even easier."

Vantagepoint user Jacqui Smith, ERP Operations Manager at A&E firm Galloway & Company, Inc. added, "We are very excited about the digital markup for draft invoices. The addition of digital markups and annotations will significantly improve coordination between our billers and project managers, improving the overall flow of our invoicing process."

In March 2021, Vantagepoint received three of the highest product designations from G2 in its Spring Reports – Leader, Mid-Market Leader and Momentum Leader – as well as the Users Love Us badge. G2 is a trusted buyer discovery platform that publishes reviews on software and services. Companies like Deltek are reviewed by users, covering everything from setup and ease of use to security and support.

To find out more about Deltek Vantagepoint visit Deltek.com or subscribe to a blog here.

About Deltek
Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com.

Deltek Contact
Lauran Cacciatori
VP, Strategic Communications
LauranCacciatori@Deltek.com

Related Links :

http://www.deltek.com

PR Newswire

Ascensia Rolls Out The On@Pro Online Educational Platform for Healthcare Professionals in Collaboration With the Tumaini Institute

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BASEL, Switzerland, April 28, 2021 — Ascensia Diabetes Care, a leading global diabetes care company, has announced today that it has rolled out an online educational platform for continuous personal learning aimed at healthcare professionals working with people with diabetes. The On@Pro tool, which was originally piloted in September 2020, has been developed in partnership with the TUMAINI Institute in Germany, through a collaboration with Professor Peter Schwarz, a globally renowned diabetes expert.

Ascensia Diabetes Care has rolled out an online educational platform for continuous personal learning aimed at healthcare professionals working with people with diabetes
Ascensia Diabetes Care has rolled out an online educational platform for continuous personal learning aimed at healthcare professionals working with people with diabetes

On@Pro is currently available in 13 countries, including the Middle East (Saudi Arabia, Bahrain, Kuwait, Lebanon and the UAE), South Africa, Egypt, India, Malaysia, Singapore, China Hong Kong, the Philippines and Nepal, and there are plans to add additional markets over the course of 2021. It can be accessed via Android, Microsoft and iOS enabled devices such as smartphones, tablets and PCs, through a personal access code which can be obtained from Ascensia in countries where the tool is currently being offered. Access is free of charge to ensure access for as many healthcare professionals as possible.

The platform currently offers a total of 32 modules[1], all in English language, relating to various aspects of diabetes care and management. Each module includes a 3-4 minute introductory video, a set of educational slides and an assessment tool that enables the user to receive certification[2]. In certain markets, including South Africa, Saudi Arabia, Lebanon and UAE, the tool has been accredited and completion of modules can lead to CME (Continuing Medical Education) credits.

Rob Schumm, President at Ascensia Diabetes Care commented: "Through our conversations with healthcare professionals, we became aware of a strong desire for a more comprehensive education platform in diabetes. As part of our ongoing commitment to the diabetes community, one of our priorities is to provide free educational resources to healthcare professionals that can build a greater understanding of diabetes and its management. We believe this will equip HCPs, including GPs, nurses and pharmacists, with the knowledge needed to advise and support people to more effectively self-manage their condition. The On@Pro platform is easily accessible and offers bite-size modules for effective and efficient continuous learning. Alongside On@Pro, we have developed other educational initiatives such as the EMEA Nurse Symposium and virtual courses for pharmacists and other healthcare stakeholders in North America. We believe that widespread education can empower healthcare professionals to help improve and simplify the lives of people living with diabetes."

"We wanted to provide an attractive and unique educational portal covering the different aspects of diabetes care relevant to healthcare professionals via a state-of-the-art platform. This tool enables personal continuous medical education that results in a CME certificate for the successful completion of the education program," concluded Prof. Dr. med. habil. Peter Schwarz, at the TUMAINI Institute. 

The modules are split into basic, advanced and add-on modules, and each one takes approximately 30 minutes to complete. The 18 basic modules cover topics relating to diabetes prevention, diabetes-related complications, diabetes in daily living and diabetes management, including nutrition and activity, self-monitoring of blood glucose, oral antidiabetic drugs, and insulin dosing. The nine advanced modules cover specific types of diabetes sub-groups or diabetes in specific scenarios – in pregnancy, in the elderly population, or in adolescents and children. They also look at accuracy in specific situations, such as low blood glucose ranges, gestational diabetes and among CGM and FGM users. Finally the four add-on modules cover e-health in diabetes, diabetes in Ramadan and blood glucose awareness training.

1. The content of the modules has been prepared by Prof. Peter Schwarz and the TUMAINI Institute and reflects their respective personal scientific views. Ascensia has no influence over the content of specific modules.
2. Certification granted by the University of Dresden and TUMAINI Institute, Germany.

 

Related Links :

https://www.ascensia.com

PR Newswire

Appian Congratulates CNA for Celent 2021 Model Insurer Award Win

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Appian-based CNA ComPass™ solution recognized for excellence in Legacy and Ecosystem Transformation

McLEAN, Va., April 26, 2021 — Appian (NASDAQ: APPN) celebrates the Celent 2021 Model Insurer Award given to Appian customer CNA. CNA was recognized in the Legacy and Ecosystem Transformation category for its work on CNA ComPass™, a comprehensive solution that helps streamline international insurance program implementation.

The Appian Connected Claims solution
The Appian Connected Claims solution

Built on the Appian Low-code Automation Platform, CNA ComPass™ improves collaboration and visibility across CNA’s global network, helping to efficiently manage end-to-end processes, reduce multiple full-time-equivalent (FTE) person hours, as well as decrease the time required for policy underlyer request creation.

"CNA ComPass™ provides greater transparency and ease of use through real-time data and reduced manual effort, regardless of geographic location," said Kathleen Ellis, Senior Vice President at CNA International. "We are proud of this technology advancement and thankful for this recognition, as CNA is committed to driving innovation across the insurance industry."

Michael Heffner, Vice President, Solutions and Industry Go To Market at Appian, said, "CNA ComPass™ is a prime example of how low-code automation delivers game-changing results for the insurance industry. We congratulate CNA on their achievement, and we look forward to CNA having even more success with the Appian platform in the future."

Celent Model Insurer is awarded for best practices of technology usage in different areas critical to success in insurance, and is the main award that an insurance carrier can receive from Celent. It is an annual program, celebrating its 15th anniversary in 2021. To learn more about CNA’s award-winning solution, view Celent’s CNA case study here.

About Appian

Appian helps organizations build apps and workflows rapidly, with a low-code automation platform. Combining people, technologies, and data in a single workflow, Appian can help companies maximize their resources and improve business results. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. To learn more, visit www.appian.com.

 

 

Photo – https://techent.tv/wp-content/uploads/2021/04/appian-congratulates-cna-for-celent-2021-model-insurer-award-win.jpg 
Logo – https://mma.prnasia.com/media2/1488235/Appian_Logo.jpg?p=medium600    

Related Links :

http://www.appian.com/

PR Newswire

NetEase Cloud Music Hosts Third Indie Music Artists Ceremony, Pledges Continued Support for Independent Music

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HANGZHOU, China, April 23, 2021 — NetEase Cloud Music, a leading interactive music streaming service provider in China, hosted the 3rd Indie Music Artists Ceremony in Hangzhou. The star-studded event, which was broadcast online on April 23, was attended by renowned artists like Jackson Wang, FloruitShow, C-BLOCK, Omnipotent Youth Society, etc.

More than twenty awards, including Album of the Year, Male/Female Artists of the Year, and Band of the Year, were handed out at the ceremony to recognize, celebrate and encourage artists for their remarkable efforts and contributions to the music industry over the last year.

Reaffirming its unwavering commitment to independent music, NetEase Cloud Music also announced the "PLAY Video Project," a new initiative to underpin video creation endeavors by indie musicians. The initiative aims to harness contemporary and innovative techniques to boost exposure to quality music and expand the source of musicians’ income.

The inaugural event in 2018 marked China’s first ceremony for independent artists, and it has since become a bellwether for China’s independent music. The event returns after a challenging year that presented indie music artists with considerable obstacles with the closure of live venues.

With its long-standing support of independent music, NetEase Cloud Music is home and host to over 200,000 independent Chinese musicians as of December 2020, up tenfold over a four-year period. Over the years, it has set several initiatives in motion to empower artists across the industry, such as the Project Stone and Project Ladder incubation programs for independent musicians, competitions for music composition and lyric writing, the NetEase Indie Music Chart, and more. These initiatives have been instrumental in helping independent musicians step into stardom and realize their dreams.

As the go-to-platform for China’s independent artists, NetEase Cloud Music is honored to organize an event that has played a pivotal role in transforming China’s independent music scene from a niche arena to one with mass-market appeal. NetEase Cloud Music’s popularity as a platform with high-quality content provides musicians with professional support and an optimal user experience, with access to high internet traffic ultimately creating a large community of loyal users. 

About NetEase Cloud Music

Launched in 2013 by NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), NetEase Cloud Music is a leading interactive music streaming service provider in China. Dedicated to providing an elevated user experience, NetEase Cloud Music provides precise, personalized recommendations, promotes user interaction and creates a strong social community. Its focus on discovering and promoting emerging musicians has made NetEase Cloud Music a destination of choice for exploring new and independent music among music enthusiasts in China. The platform has been recognized as the most popular entertainment app among China’s vibrant Generation Z community.

Please see http://music.163.com/ for more information.

Contact for Media:
NetEase, Inc.
Li Ruohan
Tel: (+86) 571-8985-3378
globalpr@service.netease.com
Twitter: https://twitter.com/NetEase_Global

Related Links :

http://music.163.com/

PR Newswire

Jolly Good and Teijin Pharma Form a Partnership to Develop VR Digital Therapeutics for Depression

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TOKYO, April 23, 2021 — Jolly Good Inc. ("Jolly Good") and Teijin Pharma Ltd. ("Teijin Pharma") have signed a business partnership agreement to develop VR digital therapeutics ("VR DTx") for Major Depressive Disorder (MDD). Together, they will promote the development of VR DTx for depression, aiming for PMDA regulatory approval.  

Jolly Good and Teijin Pharma Form a Partnership to Develop VR Digital Therapeutics for Depression
Jolly Good and Teijin Pharma Form a Partnership to Develop VR Digital Therapeutics for Depression

Background of this agreement

This all started when Jolly Good won "Home Healthcare Award" in a program held by Teijin in Dec., 2020. Focusing of Jolly Good’s development of Cognitive Behavioral Therapy VR ("CBT VR") for psychiatric disorders, this partnership will leverage Jolly Good’s VR technology and Teijin Pharma’s expertise in knowledge and strategic skills. They have agreed that they can support healthcare workers as well as improving the quality of life of patients.

From now on, Jolly Good and Teijin Pharma will continue to develop the system and perform clinical trials to register for PMDA regulatory approval.

About Cognitive Behavioral Therapy

Cognitive Behavioral Therapy ("CBT") is a psychotherapy supporting patients to change their thoughts and behaviors by talking to a therapist. This therapy is based on the theory that your cognition on how you perceive things affects your mental and behavior pattern. CBT has been used as one of the options for non-medical treatment. 

Our developing CBT VR for depression will be used as a supplement to the actual face-to-face therapy, supporting parts such as emotional behavior or bias of perspective. Not only will it improve the effectiveness of the treatment, but it will also lessen the burden of both healthcare workers and patients.

What is a DTx division (https://vrdtx.com/en)

Jolly Good established "DTx division" in April this year, consisting of psychiatrist, regulatory specialists, and business producers familiar with VR training for people with developmental disorders. This division will focus on developing the fundamental system of digital therapeutics using VR.

DTx division will expand their pipeline to other psychiatric diseases and lifestyle diseases using the fundamental system of VR DTx. 

About Jolly Good Inc. (https://jollygood.co.jp/)

Jolly Good is a medical technology company that develops high-precision VR solutions and AI-based medical and welfare services that analyze user behavior in the VR space. Using technologies such as VR and AI, the company is accelerating human growth and social rehabilitation in medical education, support for persons with disabilities, treatment of mental illness, and so on, as well as developing services to support the evolution of medical care and finding purposes in life, in collaboration with various research institutions and companies.

About the Teijin Group

Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the fields of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Originally established as Japan’s first rayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing three core business domains: high-performance materials including aramid, carbon fibers and composites, and also resin and plastic processing, films, polyester fibers and products converting; healthcare including pharmaceuticals and home healthcare equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing care and pre-symptomatic healthcare; and IT including B2B solutions for medical, corporate and public systems as well as packaged software and B2C online services for digital entertainment. Deeply committed to its stakeholders, as expressed in the brand statement "Human Chemistry, Human Solutions," Teijin aims to be a company that supports the society of the future. The group comprises more than 170 companies and employs some 20,000 people across 20 countries worldwide. Teijin posted consolidated sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD 9.4 billion) in the fiscal year that ended on March 31, 2020.

Please visit www.teijin.com

PR Newswire

SenSen: North American Operations and Expansion Update

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HIGHLIGHTS

  • SenSen’s Annual Recurring Revenue (ARR) from North America to exceed A$1.5M per annum driven by new orders from Chicago Parking Meters and contract renewals from existing customers in the region.
  • Increases SenSen’s current overall ARR guidance to ~A$4.5m for FY2022 and beyond, based on current confirmed orders and contracts.
  • Completed hiring of key marketing and sales executives to accelerate growth in the region; and additional staff hired to increase key account management and customer support in the region.
  • Opened North American headquarters in Las Vegas, Nevada, fitted with a range of SenSen solutions for demonstrations and customer sales
  • Established multiple channel partner engagements to increase sales momentum in the region.
  • SenSen to participate and present at multiple vertical-focused industry trade shows and conferences in the region in the next six months to support marketing efforts and promote SenSen solutions in the region.

MELBOURNE, SYDNEY and LAS VEGAS, April 21, 2021 — Leading Smart Cities and AI software solutions provider SenSen Networks Limited (ASX: SNS, OTCQB: SNNSF, "SenSen" or "the Company") is pleased to provide an update on its expanding US Operations.

Revenue and Sales

On the back of new orders and contract extensions, SenSen’s ARR from North America has crossed A$1.5M, which consists of:

  • Revenue from new orders from Chicago Parking Meters;
  • Contract renewals and extensions from the cities of Calgary and Edmonton (Canada);
  • Contract renewals from customers of the recently acquired Snap Network Surveillance’s multi-camera people tracking software; and
  • Locked in contract with the City of Las Vegas (Nevada) for parking management & enforcement.

This represents strong growth in overall revenue and particularly ARR from North America, which currently accounts for over one third of SenSen’s contracted ARR (~A$4.5m) in FY2022. ARR growth is expected to continue, with new channel partner arrangements being established and targeted sales and marketing activities underway.

SenSen’s revenue base in North America now completely funds operations in the US and Canada, providing a strong platform for organic growth as the US economy re-emerges from the impacts of COVID-19 shutdown. SenSen’s stable of flagship North American customers demonstrates a stable, high-reference client base to further accelerate growth in sales in the region.

Chicago Parking Meters

In the American Midwest, SenSen is working with Chicago Parking Meters (www.parkchicago.com) to provide parking and traffic analytics in the City of Chicago (Illinois), the third-largest US city. After SenSen successfully completed the POC trial, Chicago Parking Meters has ordered multiple systems from SenSen to improve the efficiency of its on-street parking management operations, which are currently being prepared for deployment in Q4 2021. Additional systems are planned for procurement in the coming months. These systems are expected to deliver both upfront and recurring revenues to SenSen.

Snap Network Surveillance

SenSen received its first set of orders from Snap Network Surveillance (Snap) customers since the acquisition in December 2020. Snap’s AI-powered multi-camera networked tracking technology is currently being implemented for customers through various resellers – A3 Communications (South Carolina), A+ Technology (New York City) and Southeast Security (Ohio). SenSen will receive annual software maintenance fees from these customers.

These new orders are a positive endorsement of the value Snap technology brings to its customers. SenSen has developed a targeted market education and outreach plan to promote Snap’s multi-camera person tracking and other solutions to this loyal base of partners and end customers, including airports, high-security prisons, shopping centres, universities, casinos, and law enforcement organisations.

City of Las Vegas

SenSen worked extensively with the City of Las Vegas to install Smart City technology on roads, car parks and garages across the city as well as outfitting a range of council vehicles with smart sensors, including scooters and Segways. As part of the progressive roll-out of SenSen systems under the contract with the City, multiple SenSen systems to improve the efficiency of on-street and off-street parking management have gone into production within the City of Las Vegas.

Additional systems are expected to go into production in the coming weeks. As announced previously, these systems generate both upfront and ongoing revenues.

SenSen has become a significant technology partner of the City of Las Vegas. SenSen was recently invited to participate in a paid smart curbside corridor pilot program with the City of Las Vegas in collaboration with Cox Communications (www.cox.com) to explore new avenues to leverage SenSen technology.

The pilot’s objective is to use technology solutions to monitor congestion in high-traffic areas of downtown Las Vegas for the next six months with the aim of optimising efficiency for all types of transport, especially rideshares and taxis. The innovative public-private partnership trial covers six parking spots along the sidewalk adjacent to the 100 block of Main Street with two digital kiosks that utilise SenSen’s video analytics and smart parking technology to better manage active curb loading zones for taxis and rideshares, making conditions safer for visitors and pedestrians.

Video analytics from the devices along the curb will capture vehicle and license plate information and send utilisation data to the kiosks to kick off a countdown timer. If a vehicle remains in the loading zone after the countdown ends, the system reports the incident directly to the city, ensuring a constant flow of traffic. 

US office now open

Under a special grants program, the City of Las Vegas invited SenSen to open its new US office at the Las Vegas International Innovation Center, a premium, high-profile location in Downtown Las Vegas. The location is offered to companies, at subsidised rates, that are considered to be future disruptors in the technology space that align with City of Las Vegas priorities – including companies operating in IoT (Internet of Things), artificial intelligence, virtual and augmented reality, cybersecurity, water science and advanced mobile data.

In late March, SenSen opened its new office, which features a showroom / demonstration area for marketing to potential Smart Cities and gaming customers. SenSen will benefit from a Las Vegas address as the world’s leading convention city and a convener of business on a global scale. The city’s supportive policy environment and growing focus on innovation make it an ideal location to test and develop SenSen’s new technologies.

New Staff Hires in the region

Following SenSen’s successful $7.15M international expansion capital raise in January 2021, SenSen has completed the recruitment of a number of senior executives to accelerate sales and marketing in North America, including:

  • Senior sales executive focused on the casino market;
  • Senior sales executive focused on the security & surveillance market;
  • Account manager to support and manage high-value direct customers; and
  • Pre-sales and post-sales technical support staff.

SenSen’s North American team now constitutes six staff with four more to join the team before the end of June 2021, including an additional senior sales executive focused on the Smart Cities market and customer support.

"I am delighted to hit the ground running by hiring new staff and setting up our new US Headquarters to help execute our expansion plans in North America," said SenSen CEO Dr Subhash Challa.  

"While our Smart Cities deals in Chicago and Las Vegas are built around our core strength in Intelligent Transport Solutions, we have multiple pipeline opportunities across all our verticals to pursue.

"In a post-pandemic world, we see significant potential to expand revenues in the US and other geographies. These newly announced contracts will significantly add to our previously announced revenues for FY2021, but even more importantly, will add to our growing ARR profile from FY2022."

This release is approved by the Board of SenSen.

About SenSen Networks Limited

SenSen is focused principally on the development, commercialisation and supply of innovative, data-driven business process enhancement solutions, designed to assist customers in their business operations and significantly improve business efficiency and productivity. SenSen provides video analytics and artificial intelligence data analytics software solutions to customers in the intelligent transportation systems and gaming sectors located in Australia, US, Canada, Singapore, New Zealand, Europe, India, and UAE.

Disclaimer – forward-looking statements
This release may contain forward-looking statements. These statements are based upon management’s current expectations, estimates, projections and beliefs in regards to future events in respect to SenSen’s business and the industry in which it operates. These forward-looking statements are provided as a general guide and should not be relied upon as an indication or guarantee of future performance. The bases for these statements are subjected to risk and uncertainties that might be out of control of SenSen Networks Limited and may cause actual results to differ from the release. SenSen Networks Limited takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.