Tag Archives: TLS

PR Newswire

51job, Inc. Announces Formation of Special Committee to Evaluate and Consider Non-Binding Proposal or Any Alternative Strategic Option

Leave a comment

SHANGHAI, Sept. 21, 2020 — 51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China, announced today that its Board of Directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, Mr. Li-Lan Cheng and Mr. Eric He, to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated September 17, 2020 (the "Proposal") as well as other potential strategic alternatives that the Company may pursue. The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel, to assist it in its evaluation.

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal or that any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About 51job

Founded in 1998, 51job is a leading provider of integrated human resource services in China. With a comprehensive suite of HR solutions, 51job meets the needs of enterprises and job seekers through the entire talent management cycle, from initial recruitment to employee retention and career development. The Company’s main online recruitment platforms (http://www.51job.com, http://www.yingjiesheng.com, http://www.51jingying.com, http://www.lagou.com, and http://www.51mdd.com), as well as mobile applications, connect millions of people with employment opportunities every day. 51job also provides a number of other value-added HR services, including business process outsourcing, training, professional assessment, campus recruitment, executive search and compensation analysis. 51job has a call center in Wuhan and a nationwide network of sales and service locations spanning more than 30 cities across China.

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," "targets, "confident" and similar statements. Among other things, statements that are not historical facts, including statements about 51job’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as 51job’s strategic and operational plans, are or contain forward-looking statements. 51job may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management’s expectations at the time of the statements and 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: execution of 51job’s strategies and business plans; growth and trends of the human resource services industry in China; market acceptance of 51job’s products and services; competition in the industry; 51job’s ability to control costs and expenses; 51job’s ability to retain key personnel and attract new talent; relevant government policies and regulations relating to 51job’s industry, corporate structure and business operations; seasonality in the business; fluctuations in the value of the Renminbi against the U.S. dollar and other currencies; risks related to acquisitions or investments 51job has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic and business conditions in China and globally, including the impact of the coronavirus or other pandemic. Further information regarding these and other risks are included in 51job’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release and based on assumptions that 51job believes to be reasonable as of this date, and 51job undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact

Investor Relations, 51job, Inc.
Tel: +86-21-6879-6250
Email: ir@51job.com

Related Links :

http://www.51job.com

PR Newswire

Magenta Company: Connecting the World With 5G Technology and UNESCO World Heritage Sites

Leave a comment

‘SEE TOGETHER CHALLENGE’ is recruiting participants to live stream UNESCO World Heritage Sites. Participants’ videos will be broadcast live over a 5G network all around the world including Korea, Poland, the United States, etc. The 5G network and broadcasting system will be provided by SKT- ICT Technology will play a central role in the project. Starting September 7, participants can apply by emailing a video containing the participants’ self-introduction. More information is available on www.5g24live.com.

SEOUL, South Korea, Sept. 19, 2020 — Magenta Company, SK Telecom, and the Korean National Committee for UNESCO are hosting the ‘SEE TOGETHER CHALLENGE’, which will have participants from all over the world record and share UNESCO World Heritage Sites through a 5G-powered live broadcast. Applications will begin on September 7 until the 28th.

The ‘SEE TOGETHER CHALLENGE’ was arranged to celebrate the 70th anniversary of the Korean National Committee for UNESCO and to lift spirits around the world during the COVID-19 pandemic.

Participants selected for the ‘SEE TOGETHER CHALLENGE’ will be sharing UNESCO World Heritage Site(s) for one hour in the form of a live video broadcast with a global audience.

The videos will be streamed 24 hours a day for one week, starting on October 21, and will be accessible for viewers all over the world including Korea, Europe, the United States, and South America.

The videos of ‘SEE TOGETHER CHALLENGE’ will be available for viewing on ‘WAVVE’, the Korean National Committee for UNESCO’s Youtube channel, Magenta Company’s Youtube channel ‘Dwin’, etc.

SK Telecom will be providing a 5G-based mobile live broadcasting system jointly developed with Magenta Company for this event. SK Telecom expressed hopes that its ICT Technology will deliver vivid, high-resolution videos to make the live streaming of UNESCO World Heritage Sites feel more life-like and enjoyable for viewers.

Those who wish to participate can apply by sending a video including the participants’ self-introduction, reason for application, filming location and reason, personal message, etc. The video should be sent to 5g24live@gmail.com.

Kwang Hyun Song, SK Telecom’s PR2 Manager said:

"We hope that this event, powered by SKT’s 5G technology, will become a source of comfort to people all over the world suffering from COVID-19." He added: "We will continue to do our best to bring happiness to society with our advanced ICT technologies including 5G, AI, and more."

The National Korean Committee for UNESCO said:

"We hope this event will become an opportunity for the world to share peace, solidarity and connection once again."

Magenta Company said:

"With nations worldwide at a standstill due to COVID-19, we hope that this event will become an opportunity for people to support and comfort each other while watching and sharing UNESCO World Heritage sites in their individual locations."

Media Contact:
See Together Challenge PR Department
Email: 5g24live@gmail.com

Related Images

official-poster.png
Official Poster
Official poster for the See Together Challenge.

Related Links

Official Website

PR Newswire

LAIX Inc. Announces Changes in Board and Committee Composition

Leave a comment

SHANGHAI, Sept. 19, 2020 — LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced that Mr. Christopher Ludwig Eisgruber, one of the Company’s independent directors, will cease to serve on the Company’s board of directors and its committees upon the expiration of his current term ending on September 30, 2020. Upon the effectiveness of Mr. Eisgruber’s departure, Ms. Min (Jenny) Zhang will be appointed as a member of the compensation committee and the chairperson of the nominating and corporate governance committee of the board of directors of the Company, replacing Mr. Christopher Ludwig Eisgruber. In addition, Dr. Li-Lan Cheng was re-elected to serve another two-year term as an independent director of the Company, effective September 30, 2020.

About LAIX Inc.

LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company’s platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users.

For investor and media inquiries, please contact:

LAIX Inc.
Harry He
Investor Relations
Email: ir@laix.com

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
Email: liulishuo@tpg-ir.com

Emilie Wu
Tel: +86-21-6039-8363
Email: liulishuo@tpg-ir.com

Related Links :

http://www.liulishuo.com

PR Newswire

The Third UNESCO Creative Cities Beijing Summit Highlights Creativity and Innovation

Leave a comment

BEIJING, Sept. 19, 2020 — The Third UNESCO Creative Cities Beijing Summit is held in Beijing from September 17-18, 2020. With the theme of "Creativity empowers cities, technology creates the future", the summit is co-hosted by the United Nations Educational, Scientific and Cultural Organization (UNESCO), Ministry of Education of the People’s Republic of China, People’s Government of Beijing Municipality, National Commission of the People’s Republic of China for UNESCO.

"Beijing, as the City of Design of UNESCO Creative Cities Network (UCCN), has set a good example of integrating the thousands of years of history and cutting-edge technology," the Director-General of UNESCO, Audrey Azoulay, remarked in her opening speech.

"The city serves as a special space for unity, cooperation, and innovation. The development of the city will determine the vision of our future society," added Audrey Azoulay.

During the summit, the e-publication of "UNESCO Creative Cities’ Response to the COVID-19" was globally launched. It collates best practices from member cities of UCCN around the world, leveraging the power of culture and creativity in response to COVID-19. The publication is now available in Chinese, English, French, and the Spanish version to be launched soon.

This summit includes a main forum and three panels. Entitled "Creativity and Innovation: A path to the cities of tomorrow," the main forum highlights on the digital economy and the importance of creativity and innovation as the driving force to build a more sustainable and resilient city in the future. Furthermore, the three panels emphasize three different topics on Creative Cities, Science, Technology and Creativity, as well as Inter-city Collaboration.

For more information on the summit, please visit here.

About UNESCO Creative Cities Network (UCCN)

The UCCN was created in 2004 to promote cooperation with and among cities that have identified creativity as a strategic factor for sustainable urban development. The 246 cities which currently make up this network work together towards a common objective: placing creativity and cultural industries at the heart of their development plans at the local level and cooperating actively at the international level.

PR Newswire

Red Box Launches Next-Gen Voice Capture Platform, Providing a Gateway to Realtime Enterprise Voice Freedom

Leave a comment

LONDON and NEW YORK, Sept. 18, 2020 — Dedicated voice specialist, Red Box, today announces the launch of Conversa, the world’s first truly open microservices-based and cloud-agnostic enterprise voice platform, which gives organizations the power to listen, the freedom to share and the insight to act upon enterprise wide audio and media data.

With a unique and revolutionary event driven, stateless architecture with almost unlimited capability for global scale, Conversa captures high-quality audio and rich media from every conversation taking place across the enterprise, whilst ensuring multiple levels of resiliency. Conversa is built from the ground up to be platform agnostic for on-premise, cloud or hybrid delivery, with a market-leading total cost of ownership (TCO).

Free and open REST APIs ensure real-time access to and control of these extremely rich but sensitive data sets, as well as supporting the delivery of ‘AI-Ready’ audio, video, rich metadata and transcripts to virtually any application. This provides organizations with access to an extensive ecosystem of best-of-breed AI, Analytics, CRM, BI and compliance tools to drive transformative business outcomes across customer and employee experience, sales performance and automation.

"With organizations under increased pressure to support distributed workforces, as well as driving differentiation through digital transformation, it’s even more critical than ever for them to retain sovereignty of one of their richest and most powerful data sets: the voice of their customer and employees," comments Richard Stevenson, CEO of Red Box. "Conversa empowers organizations to tap into the rich insights within enterprise wide audio and media whilst also benefiting from market-leading infrastructure."

The platform will be launched initially on Limited Release and will be available alongside the current Red Box platform which continues to be developed and supported.

About Red Box

Red Box is the leading dedicated voice specialist with over 30 years’ experience in empowering organisations to capture, secure and unlock the value of enterprise wide voice. Conversa by Red Box is the next generation and first truly open microservices-based, enterprise voice platform. It offers a revolutionary event driven and globally extensible architecture, market leading infrastructure TCO and infinite horizontal scalability.

Providing mission critical, resilient capture of rich, high quality voice data and media from every conversation, anywhere, on any platform and in realtime, Conversa provides customers with end-to-end data sovereignty and open access to the world’s most extensive ecosystem of leading AI voice technologies.

Red Box is trusted by leading organisations across financial services, contact centre, government and public safety sectors (including six of the world’s top banks, 85% of global interdealer brokers, 1,700 call centres and over 80% of UK police forces) and we capture and secure millions of calls daily for over 3,500 customers around the world.

For more information visit www.redboxvoice.com

Logo – https://techent.tv/wp-content/uploads/2020/09/red-box-launches-next-gen-voice-capture-platform-providing-a-gateway-to-realtime-enterprise-voice-freedom.jpg

Related Links :

http://www.redboxvoice.com

PR Newswire

NetEase Announces ADS Ratio Change

Leave a comment

HANGZHOU, China, Sept. 18, 2020 — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), one of China’s leading internet and online game services providers, today announced that it will change the ratio of its American depositary shares (“ADSs”), representing ordinary shares, from the current one (1) ADS for every twenty-five (25) ordinary shares to one (1) ADS for every five (5) ordinary shares.

From the perspective of an ADS holder, the ADS ratio change has the same effect as a five-for-one ADS split, and NetEase ADS holders at the close of business, New York time, on September 30, 2020 will be entitled to receive four additional ADSs for every ADS held, effective October 1, 2020 at the close of business. There will be no change to NetEase’s ordinary shares, and no action by ADS holders is required to effect the ratio change. In addition, existing ADSs will continue to be valid and will not have to be exchanged for new ADSs. 

The effect of the ratio change on the ADS trading price on the NASDAQ Global Select Market is expected to take place on October 2, 2020.

The register held by the Bank of New York Mellon, the depositary, will close for issuances and cancellations of ADSs on the close of business, New York time, on September 29, 2020 and is expected to reopen on October 6, 2020.

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase”) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.

Forward Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbour” 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,” “aim,” “anticipates,” “future,” “intends,” “plans,” “believes,” “may,” “estimates,” “potential,” “continue,” “ongoing,” “goal,” “targets,” “guidance,” “commits” and similar statements. Among other things, statements that are not historical facts, including statements about future growth, the Company’s current and future position in the markets in which it operates, business plans and projections, the completion of transactions and the strategic goals of transactions, are or contain 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. All information contained in this announcement is as of the date of this announcement and are based on assumptions believed to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Enquiries:
Margaret Shi
NetEase, Inc.
ir@service.netease.com
Tel: (+86) 571-8985-3378
Twitter: https://twitter.com/NetEase_Global

Brandi Piacente
The Piacente Group
netease@thepiacentegroup.com  

Media Enquiries:
Li Ruohan
NetEase, Inc.
globalpr@service.netease.com
Tel: (+86) 571-8985-2668
Twitter: https://twitter.com/NetEase_Global

Alby Wan
Hill+Knowlton Strategies Asia
Alby.Wan@hkstrategies.com

Related Links :

http://ir.netease.com

PR Newswire

Informa Markets in Japan Proves Exhibitions are Returning and Relevant

Leave a comment

TOKYO, Sept. 18, 2020 — This week Informa Markets successfully held four exhibitions in Japan, including Call Center/CRM Demo & Conference Osaka, eCommerce Fair Osaka, Diet & Beauty Fair (Tokyo) and PROJECT Tokyo. These events altogether hosted over 500 exhibiting companies and over 20,000 attendees.

Eager delegates practice social distancing while queuing for seminars at eCommerce Osaka 2020
Eager delegates practice social distancing while queuing for seminars at eCommerce Osaka 2020

 

Learning continues during Diet & Beauty Fair 2020 at Tokyo Big Sight Exhibition Center
Learning continues during Diet & Beauty Fair 2020 at Tokyo Big Sight Exhibition Center

 

PROJECT Tokyo 17-18 September 2020, a branded fashion event, signs new business
PROJECT Tokyo 17-18 September 2020, a branded fashion event, signs new business

 

Thermal Checking Units setup at entrances provide secure event experience at Call Center Osaka 2020
Thermal Checking Units setup at entrances provide secure event experience at Call Center Osaka 2020

These exhibitions were among the first to be held in Japan since the suspension of events caused by the COVID-19 outbreak. The events were held in line with health & safety guidelines issued by the Japan Exhibition Association and all relevant national and local government ordinances including temperature checks at the entrances to the halls, hand sanitization, compulsory wearing of masks, and frequent sterilization of frequently used surfaces.

Call Center/CRM Demo & Conference Osaka, focusing on customer relations solutions and technology for customer contact centers, and eCommerce Fair Osaka, focusing on applications and services for online businesses, were held on 15-16 September at the MyDome exhibition halls in Osaka. Additional space was rented in order to allow sufficient social distancing on the exhibit floor and in the numerous seminar rooms.

Diet & Beauty Fair, which along with the co-located Anti-Aging Japan and Spa & Wellness Japan forms a comprehensive trade event for the beauty and health industry, were held on 15-17 September at Tokyo Big Sight Exhibition Center. Physical beauty treatment demonstrations and food & beverage samplings were conducted in accordance with beauty salon industry guidelines. PROJECT Tokyo, a branded fashion event, was held on 17-18 September at Hikarie Hall in the heart of Tokyo’s Shibuya fashion district, showcasing apparel and accessories for the 2021 Spring-Summer season.

Christopher Eve, Managing Director of Informa Markets Japan, comments: "I am delighted that all of our exhibitions could be held as scheduled this month. We had a lot of support and encouragement from the exhibiting companies, all of whom were eager to get ‘back to business’ and see face-to-face exhibitions as the most effective way to meet with existing and new business partners. Naturally, we put a lot of effort into ensuring that the exhibitions were held in as safe and secure an environment as possible, working in close coordination with the venues, local authorities and all participants."

Informa Markets is scheduled to hold two more exhibitions in Japan this year; Call Center/CRM Demo & Conference Tokyo on 12-13 November (https://www.callcenter-japan.com/tokyo/en/) and Health Ingredients Japan on 16-18 November (https://www.hijapan.info/en/).

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

For any media queries please contact:  

Christopher Eve — Christopher.Eve@informa.com

Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-b?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-c?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-d?lang=0

Related Links :

http://www.informamarkets.com

PR Newswire

Xinhua Silk Road: WIEIE 2020 kicks off in Changzhou, China

Leave a comment

BEIJING, Sept. 18, 2020 — The 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) kicked off on Wednesday in Changzhou, Jiangsu Province, China, aiming to provide an exchange and cooperation platform for industrial development of industrial Internet, energy Internet, smart city and advanced manufacturing technology.

Photo taken during the 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) on Wednesday
Photo taken during the 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) on Wednesday

With the theme of "New industry, New energy, New infrastructure and New power", the expo will gather hundreds of domestic and overseas experts, scholar representatives of companies and government officials to share their forefront views and experiences and explore the new trend of industrial development during the 10-day Expo.

As a product of the deep integration of new generation of information technology and manufacturing, the industrial Internet is a key to promote the integration of the digital economy and real economy, becoming an important engine for promoting high-quality economic development.

In recent years, through further improvement of the intelligent manufacturing ecosystem, intelligent manufacturing and smart energy have become important signs for Changzhou’s progress in building star city of intelligent manufacturing.

"Changzhou enjoys good industrial foundation, abundant user resources and a livable ecological environment for the development of industrial Internet and energy Internet." said Qi Jiabin, Secretary of the CPC Changzhou Municipal Committee.

"In the future, the city will seize the opportunities to promote in-depth integration of Internet, big data, artificial intelligence and real economy, building a star city of industrial Internet and energy Internet with better infrastructures, stronger industry leading capabilities, and higher level of openness and cooperation." Qi added.

During the Expo, a cloud exhibition hall has also been launched, including 4 sections with the themes of industrial Internet, energy Internet, black tech and key equipment. Nearly 100 noted companies will show their products at the cloud exhibition covering many fields like Al, cloud computing and big data, communication interconnection and industrial Internet security, digitized factory, energy Internet platform and product application and smart city.

Among the ten theme activities of WIEIE 2020, the Industrial Internet Talents and Education Forum was held on Tuesday in Changzhou Science & Education Town. It explored new ways of talent training jointly by universities and industrial Internet enterprises, aiming to build Changzhou into a star city of intelligent manufacturing with talent supports.

See the original link: https://en.imsilkroad.com/p/316259.html

Photo – https://photos.prnasia.com/prnh/20200918/2920570-1?lang=0

Related Links :

http://www.zjzkypt.com

PR Newswire

Ericsson accelerates 5G for Enterprise with acquisition of Cradlepoint

Leave a comment

– Ericsson acquires the market-leader for Wireless Edge WAN solutions for an enterprise value of USD 1.1 b.

– Acquisition complements Ericsson’s enterprise offerings and creates valuable new revenue streams for customers

– Transaction expected to close during Q4 2020, subject to merger clearance and other closing conditions

STOCKHOLM, Sept. 18, 2020 — Ericsson (NASDAQ: ERIC) has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network.

Cradlepoint will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand. Cradlepoint employees will remain within the company, headquartered in Boise, Idaho. It will be part of Ericsson’s Business Area Technologies & New Businesses.

The acquisition price amounts to an enterprise value of USD 1.1 b. with the transaction expected to close before the end of Q4 2020, subject to closing conditions. The purchase price, which is funded from Ericsson’s cash-in-hand, is paid in full on closing. Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 – where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged. 

Wireless wide area network (wireless WAN) Edge solutions connect through 4G and 5G to deliver fast, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility and critical frontline emergency services. Cradlepoint is strongly positioned in a market with underlying growth of 25-30%.

Börje Ekholm, President and CEO Ericsson, says: "Portfolio-near acquisitions are an integral part of our earlier communicated strategy. The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in Wireless Edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market. I would like to extend a very warm welcome to all Cradlepoint employees."

George Mulhern, CEO and Chairman, Cradlepoint says: "We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together."

Founded in 2006, Cradlepoint has more than 650 employees, providing wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Cradlepoint’s subscription model combines cloud-delivered software with hardware endpoints, support and training.

Ericsson’s long-standing collaboration with Cradlepoint dates back to the launch of 4G in the U.S. market more than a decade ago.

INVITATION TO MEDIA AND ANALYST CALL

The company will hold a conference call for journalists, financial analysts and investors. Börje Ekholm, President and CEO, Carl Mellander, Chief Financial Officer, and Åsa Tamsons, Head of Business Area Technologies & New Businesses, will make brief comments and take questions.

The conference call will begin September 18, at 9:00 AM CEST (8:00 AM GMT in London and 3:00 AM EST in New York).

To join the conference call, please phone one of the following numbers:

Sweden: +46 (0)8 566 42651 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free International/UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 857 0686)

PIN code: 38166079#

A live audio webcast of the conference call will be available at www.ericsson.com/investors and www.ericsson.com/newsroom

Replay:

A replay of the conference call will be available from about one hour after the conference call has ended until September 24, 2020.

Sweden replay number: +46 (0) 8 519 993 85

International/UK replay number: +44 (0) 333 300 0819

US replay number:  +1 (866) 931 1566

PIN code replay: 301331532#

An on-demand webcast will be available at www.ericsson.com/investors and www.ericsson.com/newsroom approximately one hour after the webcast ended.

NOTES TO EDITORS:

FOLLOW US:

Subscribe to Ericsson press releases here.

www.twitter.com/ericsson
www.facebook.com/ericsson
www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contact

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

About Ericsson
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Forward-looking statements

This release includes forward-looking statements, including statements reflecting management’s current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:

– Our goals, strategies, planning assumptions and operational or financial performance expectations

– Industry trends, future characteristics and development of the markets in which we operate

– Our future liquidity, capital resources, capital expenditures, cost savings and profitability

– The expected demand for our existing and new products and services as well as plans to launch new products and services including research and development expenditures

– The ability to deliver on future plans and to realize potential for future growth

– The expected operational or financial performance of strategic cooperation activities and joint ventures

– The time until acquired entities and businesses will be integrated and accretive to income

– Technology and industry trends including the regulatory and standardization environment in which we operate, competition and our customer structure.

The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," "potential," "target," "might," "continue," or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section "Risk Factors" in the latest interim report, and in "Risk Factors" in the Annual Report 2019.

These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.

This information is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 07:30 CEST on September 18, 2020.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-accelerates-5g-for-enterprise-with-acquisition-of-cradlepoint,c3196165

The following files are available for download:

https://mb.cision.com/Main/15448/3196165/1307719.pdf

Ericsson accelerates 5G for Enterprise with acquisition of Cradlepoint

 

PR Newswire

maaiiconnect Enhances Data Security and Protection Capabilities to Empower Organisations with Secure and Compliant Customer Relationships

Leave a comment

HONG KONG, Sept. 18, 2020 — Leading customer engagement and team collaboration platform, maaiiconnect, empowers organisations to build secure and compliant customer relationships with new security features. Two-factor Authentication, Advanced Password Policies, Access Controls, Data Retention and more have strengthened maaiiconnect’s state-of-the-art security capabilities.

Security is top of mind for most organisations and consumers, and increasing in importance considerably. In the first half of 2020, the number of data breaches and security incidents has already doubled that of 2019[1]. New Zealand has been targeted by over 3,000 cyberattacks in 6 months which has caused the national stock exchange to go offline for several days[2], 130 of the most popular Twitter Accounts were hacked[3], and 500,000 Zoom passwords were stolen from the platform and sold online[4].

Since its launch, maaiiconnect has aimed to revolutionise global communications with a secure hybrid cloud, omnichannel platform that combines telecom and digital channels for organisations of all sizes and sectors. Leading the way, maaiiconnect has further enhanced its security capabilities with new features to facilitate organisations to build the backbone of their security strategy:

Access Controls

Set advanced password policies for staff to automatically require a change of password, limit the use of similar passwords, lock staff out after a specified number of failed logins, set Blocklists and Allowlists for traffic, and require Two-factor Authentication.

‘Organisation Structure’ has been launched as a unique feature of maaiiconnect wherein organisations can build a full organisational structure which not only acts as a cross-departmental/office/team contact list, but an additional layer of security. Admins can set or create access and permission levels for data and features on maaiiconnect.

Activity Tracking

Track staff activity records for a comprehensive overview of changes made to the system or suspicious activity.

Industry Compliance

Data retention solutions, regarding the storage, backup, and transit of customer data to client designated servers, can be tailored for compliance to different industry standards. These organisations now also have access to generate encryption keys within maaiiconnect for high levels of encryption security. Industry compliance can be custom built to suit different industry standards worldwide.

maaiiconnect is a flexible and scalable solution to support organisations of all sizes sectors in their digital transformation journey. Your customers and partners trust their communication data in your hands. maaiiconnect is the tool that leads the way in enabling organisations to transform their customer experiences across touchpoints, and build strong customer relationships, with advanced security capabilities.

Don’t lose customers due to data-breaches or being forced offline. Protect your future by securing it today with maaiiconnect.

Talk to one of our experts about a secure solution for your unique challenges, or experience maaiiconnect ESSENTIALS PLAN for free now to enjoy an array of digital engagement features for elevating your customer experience in the next normal.

Learn more at www.maaiiconnect.com.

1 Security Boulevard, 5 Biggest Data Breaches of 2020 So Far

2 Stuff News, New Zealand Under Attack for Ransom

3 Security Boulevard, 5 Biggest Data Breaches of 2020 So far

4 Security Boulevard, 5 Biggest Data Breaches of 2020 So far

About maaiiconnect

maaiiconnect provides businesses with an all-in-one solution for customer engagement and internal collaboration. Leveraging an innovative multi-dimensional convergence model, maaiiconnect seamlessly unifies telecom and digital communication channels, such as PSTN, VoIP, websites, apps, and social networks. It is device agnostic, empowering employees to be more productive, as well as providing companies a platform to deliver a suite of multimedia experience to their customers anytime, anywhere, on any device. Learn more at www.maaiiconnect.com.

Logo – https://photos.prnasia.com/prnh/20200508/2798987-1logo?lang=0

Related Links :

http://www.maaiiconnect.com