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PR Newswire

Rey Announces $10 Million in New Series A Funding to Expand Access to Mental Health through Digital Capabilities

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Led by Optum Ventures and Oxford Sciences Innovation, new funding will propel Rey’s launch of a tech-enabled, on-demand mental health clinic in response to growing demand for high-quality care in an increasingly resource constrained market

AUSTIN, Texas, July 31, 2021 — Rey, a new mental health and wellness company integrating immersive tools and digital interventions with teletherapy, today announced $10 million in new funding, increasing their Series A to a total of $26 million with the round led by Optum Ventures and Oxford Sciences Innovation.

Deepak Gopalakrishna CEO & Founder / Mike Desjadon, Chief Commercial Officer. Photo courtesy of Rey
Deepak Gopalakrishna CEO & Founder / Mike Desjadon, Chief Commercial Officer. Photo courtesy of Rey

The new funding will help Rey expand its consumer reach and provide more people with access to care through personalized services and leading-edge technology. Rey will also absorb OxfordVR and bring to market clinically validated virtual reality (VR) and digital treatments for Phobias, Psychosis, Post-Traumatic Stress Disorder, and Social Avoidance.

"Mental and behavioral health care is rapidly becoming destigmatized, which is great. But that means there is a growing need and reliance on providers to provide this care, which may drive up costs," said Mike Desjadon, chief commercial officer of Rey. "Through our innovative digital care approach, we can flip the script and provide more personalized care at an affordable price to treat a variety of mental health needs."

Launched in April 2021, Rey is working to improve mental health and wellness by combining cognitive behavioral therapy, talk therapy, medication, and clinically validated tech tools, such as VR, to care for people in new ways.

OxfordVR, was founded in 2017 by Dr. Daniel Freeman, Professor of Clinical Psychology at Oxford University. Dr. Freeman pioneered the use of VR in severe mental illness for more than two decades and is the senior scientific advisor to Rey for development of new automated therapeutics. Potential future treatments include Obsessive-Compulsive Disorder and Substance Use Disorder.

"With a big focus on the expansion of online mental health services, the challenge now is for companies to meet the demand," said Deepak Gopalakrishna, founder and chief executive officer of Rey. "We’re integrating validated and innovative therapeutic tools with well-trained providers to ensure people have access to the high-quality care they need while keeping costs low and preventing provider burnout."

To learn more, visit www.getrey.com.

About Rey

Rey is a membership-based, on-demand mental health company on a mission to revolutionize mental health and wellness by improving access to personalized services through technology. Rey combines proven therapeutic interventions, like cognitive behavioral therapy, with clinically validated tools, like virtual reality, to care for a wide range of member needs in new and novel ways. Powered by OxfordVR, a spin-out of Oxford University and a leader in leveraging technology to deliver proven treatment tools in immersive environments, Rey is arming care teams with the tools they need to bring world-class treatments directly to members’ homes. To learn more visit www.getrey.com.

About Optum Ventures

Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum Ventures invests in digital health companies that use data and insights to help improve consumers’ access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate. For more information, visit www.optumventures.com.

Oxford Sciences Innovation 

Oxford Sciences Innovation is a science business builder. We build world-changing businesses, bringing Oxford science to the world faster. Since 2015, we have worked with over 200 of Oxford’s leading academics to build a portfolio of more than 100 companies, worth over $2 billion, all based on Oxford science, created +1,500 new jobs and added +55,000 square-feet of laboratory and startup space; building on Oxford’s renowned research legacy to create a leading science ecosystem. A place where scientific breakthroughs become world-changing businesses. Our portfolio of companies spans four sectors, Life Sciences, Deep Tech, Health Tech and Software & AI, tackling challenges like the diagnosis and treatment of devastating rare diseases and cancer, sustainability, nuclear fusion, quantum computing and cyber-security. For more information, visit www.oxfordsciencesinnovation.com. 

Media Contact:
Meredith Good-Cohn
meredith@oxfordvr.org  
(443) 797-2996

 

Related Links :

https://getrey.com/

PR Newswire

iWeb Inc, OTC Markets QB, IWBB, announced it will acquire Tingo Mobile Plc. from Tingo International Holdings, Inc, in a deal valuing the Tingo Mobile Plc at $3.7 Billion USD

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LOS ANGELES, July 30, 2021 — Transaction was negotiated for IWEB by their Business Development Partners Global Fintech Trading Limited Led by Craig Marshak an experienced Fintech Specialist investment banker who formerly ran a Nomura bank Venture Technology fund in London with considerable success in online gaming, Software and Cybersecurity investments.

Tingo International Holdings, Inc., is the parent company of Tingo Mobile, PLC, a Nigerian limited company. Tingo is a device and a service technology company focused on creating digitally inclusive ecosystems in the AgriTech and FinTech sectors in Africa.

TINGO has posted total revenue figure of $616 million dollars in 2020 and an EBITDA of $220 million dollars (figures based on NGN/USD exchange rate of 360), IWEB is confident that these figures will be exceeded going forwards with expansion and natural upwards progression of the TINGO business

IWEB have agreed to pay $4.00 per share with an issuance of 928 million new shares valuing TINGO at $3.7 Billion USD

Tingo is Nigeria’s leading technology and Device as a Service platform aimed at accelerating digital commerce, especially in Agri-Tech & Fin-Tech verticals in Nigeria. Tingo helps farmers acquire mobile phones through a unique mobile phone leasing scheme, connecting them to mobile and data networks through its virtual mobile network and connecting farmers to markets, services, and resources via Nwassa, its digital AgriTech marketplace platform. Beginning in April 2021, Tingo also launched a beta version of Tingo Pay – a B2C FinTech app aimed at providing financial services including mobile wallets, payment processing and access to specialist lenders and insurers to users inside and outside of the agriculture value chain.

Tingo have over 9 million subscribers and has supplied almost 30 million mobile devices since 2014.

About Tingo see www.tingogroup.com

Tingo has four core business drivers:

  • Mobile Phone Leasing: Tingo has distributed almost 30 million mobile handsets since 2014 and will continue to replace the devices of its installed customer base every three years.
  • Mobile Voice and Data Service: Through a Mobile Virtual Network, Tingo provides its customers with voice and data services.
  • Nwassa Platform: Tingo’s proprietary AgriTech platform, Nwassa, supports Nigeria’s agricultural value chain with market access.
    Tingo processes 500k daily transactions with a value of over $8 million, which provides its installed customer base with access to agricultural markets for their crop. Farmers and cooperatives are also supported with packaging, warehousing, and cargo logistics
    Tingo provides its customers with digital wallet services, which enable them to send and receive domestic payments, monitor cash flow in real time and securely hold money.
    Tingo provides access to other third-party services such as utility bill payment, virtual airtime top-up, insurance services, and alternative lending solutions.
  • Tingo Pay: Since the launch of Nwassa platform Tingo has been a dominant player in the B2B FinTech vertical. Tingo has entered the B2C FinTech vertical to extend our B2B play to mass market use cases beyond agriculture.

Market Opportunity

Africa is the second-largest continent by land mass and population. The continent is also the youngest by far, with a median age of 18 years for its 1.3 billion people. Tingo believes the building blocks for growth in Africa’s agriculture industry are in place and that Tingo is well positioned in this space to participate in the upside.

Compelling fundamentals

  1. Strong demographic potential: Sub-Saharan Africa’s population is growing at 2.7% a year, which is more than twice as fast as South Asia (1.2%) and Latin America (0.9%). That means Africa is adding the population of France (or Thailand) every two years. At the current growth rate, the continent’s population will double by 2050. The median age across the continent is 18 years, thirteen years younger than the median age in South America the next youngest continent according to the World Bank. Africa’s youthfulness represents a significant opportunity for material growth in demand for agricultural commodities. This younger generation is also being born into a "networked" world and is more comfortable using technology to achieve their goals.
  2. Improving business conditions: Africa’s governments are paying more attention to improving business conditions for entrepreneurs and small businesses on the continent. Sub-Saharan Africa’s World Bank Doing Business rank has improved by c.20 points from 45 in 2004 to 65 in 2020. Tingo believe this trend will continue and encourage establishment of more new ventures across all economic sectors including the agriculture industry.
  3. Investor appetite remains robust: Africa attracted $407 billion of Foreign Direct Investments between 2014 and 2018 (c.$80 billion per annum on average). Investments are increasingly focused on services and industrial sectors. Only 20% of investments are in extractive industries – a clear reversal from as recently as 2008 when 55% of FDI was aimed at resource extraction, Tingo believes FDI into Africa will help resolve significant infrastructure constraints and position the Agric value chain for value creation.

Nigeria is the largest economy and the most populous country in Africa and is therefore central to the continent’s growth story.

Agriculture is central to African lives and livelihoods. 60% of sub-Saharan Africans are small holder farmers and Agriculture accounts for 23% of the region’s GDP. In Nigeria, Agriculture employs 66% of the workforce and represents 26% of GDP.

Nigeria’s suboptimal agriculture productivity is driven by several factors including broken linkages with demand centres, inefficient capital allocation for purchase of inputs, and underdeveloped and fragmented access to services. Tingo aims to play a key role in resolving each of these issues.

Access to technology: Tingo is a key access point to the digital economy for millions of rural farmers in Nigeria, by providing affordable access to mobile devices and the internet.

Access to markets: Tingo users can connect with vendors and suppliers for affordable access to inputs and services. Tingo also connects farmers with buyers who purchase crops every year.

Access to Financial Services: Through Tingo Pay, its proprietary mobile wallet application, users can execute several transactions. These include credits into the Tingo Pay wallet, and transfers from the Tingo Pay wallet for bill payments and P2P (peer to peer payments). Tingo will continuing to add services to this application to meet customer needs.

Chris Cleverly, President of TINGO INTERNATIONAL HOLDINGS – "TINGO is Africa’s largest digital agricultural ecosystem and is a highly successful payment gateway. It is important that we embrace emerging technologies as they are necessary to solve the issues that burden the world such as food security and financial inclusion. We make no secret of our intention to uplist this group, or to use this platform to rapidly build our customer base in Nigeria and other African markets we will roll-out our unique offering. Global Food Security is a significant priority and our unique model will enable that priority and deliver Food Security in Africa, which powered with Coinfield will make us a very compelling proposition"

Anthony Moore, CEO of IWEB – ”It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies.

With its young demographic, high smartphone penetration, lack of legacy infrastructure Africa has the greatest potential for blockchain and cryptocurrency of any region. Coinfield provides the know-how and has the history to deliver on this. TINGO with an already huge customer base will expand rapidly and will become the dominant digital payment platform in the world’s fastest growing economy”

About iWEB

IWEB, Inc., is a technology development and services company, provides coding services in various industries and markets primarily in Thailand. The company focuses on image, audio, web, and security coding technologies. Its technology enables governments and enterprises to imbed or imprint invisible digital identities to media and objects. The company’s coding technology provides the means to infuse persistent digital information to computers and digital devices into various forms of media content; and permits smartphones, tablets, industrial scanners, and other computer interfaces to identify relevant data from media content. IWEB has entered a letter of intent to acquire regulated global crypto exchange "Coinfield" which was established 2018, which was announced  as an IWBB Acquisition on 26th July 2021.

IWEB, Inc. Headquartered in Bangkok, Thailand for additional information visit: www.iweb.company

About Global Fintech Trading Limited

A group specialising in Institutional Financial, FinTech and Crypto who are to develop acquisition and investment opportunities in these fields. This is on a Global basis with their international team

See – http://www.globalfintechtrading.com

Safe Harbor Statement: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934; and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.

Authorized by Fung Hok Wai, President
Contact the company: Fung Hok Wai, President, Email: kevinwai@i-l-a-g.com

Anthony Moore, CEO,  TEL 90-542-332-7666
Investor Relations and Press contact: Alex Lightman in Los Angeles
Email: Alexlightman@me.com

Tingo Mobile Contact: Rory Bowen, Chief of Staff Tingo International Email: rory.bowen@tingogroup.com

PR Newswire

Fusion NFT Blockchain Company Coinllectibles (OTC: COSG) Acquires More than HKD 10,000,000 of Collectibles from Dr. Herbert Lee

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HONG KONG, July 24, 2021  — The Fusion NFT™️ blockchain company, Coinllectibles™️, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), has announced its acquisition of collectibles from Dr. Herbert Lee at an aggregate value of more than HKD 10 million, which will be minted into Fusion NFTs™️.

The minted Coinllectibles™️ Fusion NFTs™️ will each contain a smart contract that unequivocally describes the ownership of, and the rights in, the collectible. 

The collectibles are from Dr. Herbert Lee’s private collection, which reflects his interests in arts and collectibles all over the world including China. They will be minted into Coinllectibles™️ Fusion NFTs™️ after the acquisition.

At the request of the buyer, each of these collectibles may be exhibited in Coinllectibles™️ Fusion NFT-art gallery at the Victoria Dockside, home also to K11 Musea, one of the most prestigious art real-estate in Hong Kong. For pre-purchase inquiries on these Fusion NFTs™️, please visit Coinllectibles™️ website. In addition, Coinllectibles™ will also cooperate with the world’s leading cryptocurrency spot and derivatives exchange, OKEx, in the Fusion NFTs™️ field in the near future.

"We are truly honoured by Dr Lee’s decision to entrust us with these precious porcelains from his private collection." Said Toby O’Connor, the CEO of Coinllectibles™️. "We hope our professonalism in handling the entire process will lead to more acquisitions, which will help Coinllectibles™️ build a diverse portfolio of both historical and modern art, to be minted into Coinllectibles™️ Fusion NFTs™️." Added Toby.

About Cosmos Group Holdings Inc.
Cosmos Group Holdings Inc. (OTC: COSG) was formerly a television network and multimedia information and distribution company focused on serving the homeland security and emergency preparedness industry. The group’s future will focus in the development of blockchain NFT technologies and platforms to facilitate the global trading of arts and collectibles.

About Coinllectibles™️
"Coinllectibles™️" is an ACT (Arts and Collectibles Technology) company, which is redefining how the world thinks about art and collectible ownership in the digital age. 

Their minted curated Fusion NFTs™️, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain.

Coinllectibles™️ Fusion NFTs™️ bridge the physical and virtual dimensions of the arts and collectibles market, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.

Website:           www.coinllectibles.art 
Facebook:        https://www.facebook.com/Coinllectibles 
Instagram:        https://www.instagram.com/coinllectibles/ 
Twitter:             https://twitter.com/coinllectibles 
LinkedIn:          https://www.linkedin.com/company/coinllectibles 
Telegram:         https://t.me/Coinllectibles 

PR Newswire

UL Acquires Method Park

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The acquisition deepens UL’s automotive and medical device sector safety and security expertise.

NORTHBROOK, Ill., July 21, 2021 — UL, the global safety science leader, today announced its acquisition of German-based Method Park, a company specializing in process engineering, software solutions, training and advisory services focusing on the safety critical aspects of the automotive, medical and aerospace industries. The deal fortifies UL’s expertise to help customers advance innovation safety, business transformation, and regulatory and standards compliance.

UL_Method_Park
UL_Method_Park

"With accelerating technology in safety critical industries, such as automotive and medical devices, the introduction of innovative technologies that provide enhanced convenience also presents new challenges," said Jennifer Scanlon, president and CEO, UL Inc. "Helping ensure their safe and secure deployment will be key in how quickly these innovations are adopted. The Method Park acquisition will build upon on UL’s science-based core expertise in testing, inspection and certification and help address the safety risks of exciting innovative technologies. Together, we will empower our customers with the ability to embrace new opportunities."

Specializing in complex process-based product engineering, Method Park’s portfolio includes advisory services, a digital compliance software solution, a comprehensive training portfolio and software solutions for multiple industries. Founded in 2001, the company has also provided insight to customers on process optimization and quality assurance management. 

"By offering a differentiated customer experience, unmatched thought leadership and solutions, and a best-in-class knowledge platform, UL works to be the global market acceptance and risk mitigation partner of choice for our customers," said Weifang Zhou, UL’s executive vice president and president of Testing, Inspection and Certification. "The Method Park team strategically aligns with that approach and will help us deliver on serving as our customers’ most trusted science, security and sustainability partner."

Headquartered in the Bavarian city of Erlangen, Method Park has offices throughout Germany, including Berlin, Frankfurt, Hamburg, Munich and Stuttgart, with additional facilities in Detroit, Miami, Pittsburgh and Shanghai. With the acquisition, Method Park’s more than 200 employees will join UL to focus on innovative solutions to complex safety and security issues affecting multiple industries.

"We are excited to join forces with UL," said Professor Bernd Hindel, founder and CEO of Method Park. "As a combined team, we will offer our customers best-in-class services that will help them get to market faster and more efficiently. Our group’s shared reputation will allow us to significantly accelerate customer access to a broader range of complementary solutions and expertise, extend services across global markets and help deliver on the promise for a safer and more secure world.”

The transaction closed on July 20. Terms of the acquisition were not disclosed.  

About UL
UL is the global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. Our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges. Discover more at UL.com.

For information about Standards development and other nonprofit activities, visit UL.org.

Press contact:
Steven Brewster
UL
ULNews@UL.com 
1+847.664.8425

 

Related Links :

http://www.ul.com

PR Newswire

NCRi Continues Its Global Growth Run With the Acquisition of Ascentia Services LLC and Companies, Adding New Contact Center Locations in UAE, India, and Bahrain

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NCRi expands its CX Contact Centers to 12 locations across the globe.

TORONTO, July 15, 2021 — Canadian-based NCRi, the well-established Customer Experience Management (CXM) services Provider and Global Contact Center Operator, has acquired Ascentia Services, LLC, based in Dubai, UAE, and will be merging its contact center operations in Dubai, UAE; Delhi, India; Pune, India; and Manama, Bahrain, which will now operate under the brand name NCRi Ascentia. With this transaction, NCRi International now operates 12 Customer Experience Contact Centers across the world in the North America, LATAM, MENA, and APAC sectors. 

NCRi CEO and Founder Asif Mirza will stay on as CEO of NCRi Global. Ascentia CEO and founder Nitha Joseph will assume the new role of Global Chief Visionary Officer. 

"Today’s announcement is another remarkable milestone for both companies’ growth journey. Our new expanded footprint will provide more options to our valued clients and help attract new marquee brands seeking domestic, nearshore and/or offshore BPO and contact center solutions. Moreover, the geographic variety offers many pricing options and the security afforded by the natural bolstering of Business Continuity options created via this kind of expansion. We are pleased to welcome Ascentia Services employees and customers into our NCRi family," said Asif Mirza, CEO and Founder of NCRi.

This merger adds many Fortune 500 names to the NCRi client portfolio along with new in-house subject matter expertise in multiple industry verticals. The blend of locations and expertise makes for a formidable new organization well-poised for continued global growth. 

"The cultural alignment and core business values of the two organizations are an excellent fit. Our vision for the future is bright, and we are confident in our ability to deliver unique CX insight and extraordinary service to our clients. This partnership is also expected to result in greater efficiencies and significantly increase our market share," said Nitha Joseph, Global Chief Visionary Officer.

About NCRi:
Founded in 2007, NCRi is a Canadian-based global BPO company with a focus on customer experience. The company operates contact center locations in North America, LATAM, MENA and APAC. The company provides a complete cycle of Customer Experience Management (CXM), multichannel customer experience solutions, including voice, email, chat, and social media. NCRi is a global brand, complimented by long-term relationships with clients around the world, achieving a leadership position within a wide range of industries. NCRi services major international clients across various business sectors, including Banking & Finance, Government, Healthcare, Telecommunications, Utilities and more. 

NCRi Media contact: 
Joe DiNunzio
NCRi 
Tel: 647-251-8020
Email: joe.dinunzio@ncri.com
www.ncri.com 

Related Images

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Pictured: NCRi CEO and Founder Asif Mirza and Nitha Joseph, Chief Visionary Officer
Celebrating the acquisition and the joining of two great CX organizations.

 

PR Newswire

Dataminr Acquires WatchKeeper, A Real-time Data Geovisualization Platform for Corporate Enterprises

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The company will integrate WatchKeeper’s platform into Dataminr Pulse for Corporate Enterprises to further accelerate the growth of its corporate business line, which has doubled in revenue growth 3 years in a row

NEW YORK, July 7, 2021 — Dataminr, the leading real-time information discovery platform, today announced the acquisition of WatchKeeper, an innovative real-time data geovisualization platform for corporate enterprises. WatchKeeper’s platform will provide seamless navigation through layers of internal company data and external contextual data in a single pane-of-glass interface alongside Dataminr alerts.

Combining Dataminr’s real-time alerts with WatchKeeper’s geo-visualized data layers will provide customers with broader context around real-time events that adversely impact their organization and disrupt their business operations. With hundreds of corporate enterprises across dozens of commercial industries relying on Dataminr Pulse, the integration of WatchKeeper’s platform will enhance the ability of corporate enterprises to assess and respond to events in real time.

"Dataminr’s real-time event and information discovery platform has revolutionized the way corporations learn about events and risks that impact their businesses," said Dataminr Founder and CEO Ted Bailey. "By integrating WatchKeeper’s advanced geovisualization platform into Dataminr Pulse, our alerts will be even more deeply integrated into the crisis management workflows of corporations, enabling broader contextualization, deeper analysis, and faster action."

WatchKeeper, a UK-based technology start-up founded in 2018, has quickly established itself among leading corporate enterprises as the most innovative and intuitive geovisualization platform for physical security and crisis management. With WatchKeeper integrated into Dataminr Pulse, corporations will be able to determine when events are occurring near their personnel, facilities, assets, and supply chain—and seamlessly visualize their global footprint of static and moving assets to better assess the full scope of potential business disruptions. WatchKeeper’s advanced geovisualization platform will also enable rapid navigation through diverse real-time data layers of contextual data, ranging from live weather data and traffic data to internal company security camera feeds and IoT sensor signals.

"The combination of Dataminr’s unparalleled real-time event and information discovery capabilities with our data geovisualization platform is the next big step in the evolution of physical security and crisis management for global corporate enterprises," said WatchKeeper’s Founder and CEO, Hugh Farquhar, who spent 10 years in corporate security and crisis management at Citigroup before founding the company. "During my time inside one of the world’s largest global corporations, I experienced firsthand the transformative power of seamlessly geo-visualizing high-impact events alongside internal company data. With our integration into Dataminr Pulse, enterprises will not only now know about global and hyper local events in real time, but also have a unified situational awareness platform that enables their teams to holistically respond to those events far more effectively."

The new, integrated version of Dataminr Pulse will be available to corporate customers through an early access program later this year, with wider availability planned for early 2022. Relied on by over half of the Fortune 50, Dataminr Pulse has established a wide footprint across many commercial sectors including technology; finance; retail; food and beverage; transportation and logistics; energy; telecom; healthcare; automotive; insurance; and pharma.

The acquisition of WatchKeeper comes on the heels of Dataminr’s $475M growth capital financing in April 2021 which valued the company at $4.1B. The recent infusion of capital is part of Dataminr’s strategy to further accelerate the growth of the company’s corporate business line, which has doubled in revenue growth three years in a row as customers have expanded use of Dataminr’s platform across physical safety and security, reputation risk and crisis management, business intelligence, and cyber threat detection.

The acquisition and integration of WatchKeeper in Dataminr Pulse will further fuel global corporate client growth, while also enabling the company to address an ever-expanding set of corporate use cases. "We have only scratched the surface of potential use cases for Dataminr’s platform, a horizontal capability that will power numerous future applications across the corporate enterprise. WatchKeeper’s advanced geovisualization platform will accelerate our efforts to unlock even more corporate use cases for global corporate enterprises over the years to come," said Bailey.

ABOUT DATAMINR

Dataminr delivers the earliest warnings on high impact events and critical information far in advance of other sources. Recognized as one of the world’s leading AI businesses, Dataminr enables faster response, more effective risk mitigation, and stronger crisis management for public and private sector organizations spanning global corporations, first responders, NGOs, and newsrooms. Recently valued at $4.1B, Dataminr is one of New York’s top private technology companies, with 650 employees across seven global offices.

Since its founding in 2009, Dataminr has created the world’s leading real-time information discovery platform which detects digital patterns of emerging events and critical information from public data signals. Today, Dataminr’s leading AI Platform performs trillions of daily computations across billions of public data inputs from over 150,000 unique public data sources. The company has been recognized for its groundbreaking AI Platform and rapid revenue growth by Forbes AI 50 and Deloitte Fast 500. Alongside Dataminr’s corporate product, Dataminr Pulse, the company provides public sector organizations with First Alert for first response, including the United Nations which relies on First Alert in over 100 countries. Dataminr for News is used by more than 650 newsrooms and by over 30,000 journalists world-wide.

Logo – https://techent.tv/wp-content/uploads/2021/07/dataminr-acquires-watchkeeper-a-real-time-data-geovisualization-platform-for-corporate-enterprises.jpg

 

PR Newswire

INTERSPORT Strengthens Business Relationship With Intersocks and Sells The Athlete’s Foot to Arklyz Group, Owner of Intersocks

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Global performance sports retailer INTERSPORT International Corporation (IIC) strengthens its core business and has agreed on a deal to sell 100% of the highly successful The Athlete’s Foot (TAF) retail & e-commerce network to Arklyz Group AG (Arklyz) – owner of Intersocks. As part of the deal, IIC and Arklyz have agreed on a close cooperation which will bring synergies and a beneficial development for all parties involved.

BERN, Switzerland, July 2, 2021 — IIC – INTERSPORT International Corp. (IIC) has decided to further strengthen its core business to focus on sports performance retail. The very successful specialty footwear and lifestyle chain "The Athletes Foot" (TAF) will be acquired by Arklyz Group AG (Arklyz), owner of Intersocks and longtime partner of INTERSPORT, as of end of July 2021. The signing of this transaction took place on June 30, 2021, and the closing of the deal will take place by the end of July 2021. The parties have agreed not to disclose financial details of the transaction.

Arklyz will take over the worldwide TAF business, including its trademark rights and all franchise agreements. IIC’s CEO Steve Evers says: "With Arklyz, a strong operative investor was chosen among different interested parties to ensure that TAF can continue to grow rapidly and successfully. That we have worked closely with Arklyz subsidiary Intersocks for many years has made the decision even easier, and it is our goal to further strengthen this relationship."

"Building on the successful partnership between IIC and Intersocks, we are very much looking forward to this new chapter of our co-operation," states Arklyz owner & CEO, Param Singh.

Since TAF’s franchise rights are often with the respective national INTERSPORT organizations – and will remain in place – consequently IIC and Arklyz will be in an even closer co-operation in the future. It is also agreed that all the TAF personnel will be retained in Amsterdam (Netherlands) and Atlanta, Georgia (USA).

The Athlete´s Foot – fast-growing sports lifestyle online & retail chain

IIC acquired TAF in 2012 and, since then, it consistently and successfully expanded it to increase the turnover to USD 400 million in 2020. Today, TAF has 564 stores in 32 markets, including Europe, The United States, Mexico, Peru, Kuwait, Indonesia, Philippines, Australia and New Zealand. TAF also successfully operates e-commerce platforms in those markets – building a strong omni-channel sales network over the years. TAF global retail sales have seen a robust growth of 47% in the first five months of 2021 vs. 2020 and of 14% vs. 2019. Under new ownership of Arklyz, and in close co-operation with IIC, TAF business is expected to continue growing fast.

Fitting strategic move for all parties

The transaction helps to boost important strategic goals for both parties. While IIC has decided to further strengthen its core business and to focus on sports performance retail, Arklyz is seeking to further expand its growing sports & lifestyle business – covering production, brand management, brick-and-mortar retail and e-commerce.

"We are excited with this transaction, which represents an extraordinary opportunity for both Arklyz and TAF. By taking over the TAF business, we believe we can strengthen our position as a global organization," says Arklyz’s Param Singh.

Bringing brands, retail and production together

"We firmly believe in strong brands and integrated retail & online networks – and TAF is a very successful integrated player globally with a strong brand," adds Param Singh. TAF is the perfect addition to the existing distribution and retail activities of Arklyz – already active with brands like Crocs. The hybrid approach of delivering a great customer experience in stores as well as online aligns well with Arklyz’s approach. Last but not least, managing strong brands – both own and licensed – has been a key arena for Arklyz, with top-tier licensed brands like Salomon, Nordica, Head, etc.

 

Further information:

IIC -INTERSPORT International:

Steve Evers (CEO) / Martin Künzi (CFO)

IIC_Media@intersport.com

Arklyz Group AG

Param Singh (Owner & CEO)

info@arklyz.com

 

About

With a turnover of over EUR 10.2 billion in 2020 and more than 5,200 specialist sports stores in 44 countries, the INTERSPORT Group is among the world’s leading sporting goods retailers.

The Athlete’s Foot, sneaker & streetwear chain, has 564 stores and e-commerce shops in 32 countries which generated sales of USD 400 million in 2020.

Arklyz is a fast-growing powerhouse in the arena of sports, athleisure and workwear. Arklyz covers a vertically connected set of activities with a special focus on brand management, distribution, retail & e-commerce and manufacturing.

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PR Newswire

Mobileum Inc. Acquires Niometrics

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Acquisition expands Mobileum’s deep network analytics and customer intelligence portfolio for 5G and next generation networks

CUPERTINO, Calif., June 29, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, and testing and monitoring solutions, is pleased to announce that it has acquired Niometrics, a provider of deep network analytics. The acquisition expands Mobileum’s actionable analytics platform with customer discovery, engagement, and experience capabilities, enabling Communications Service Providers ("CSPs") to identify new revenue streams and to improve customer experience across the entire customer lifecycle.

Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology that supports roaming, network services, security, risk management, and testing.

The acquisition of Niometrics will enrich Mobileum’s existing solutions with deep network analytics and applied Machine Learning, while expanding its portfolio with customer intelligence solutions. Mobileum’s expanded platform will provide deeper network insights, a 360-degree customer view, and enhanced data privacy control, to accelerate growth and improve customer retention. The two companies have already won contracts together and have experience integrating their products to solve high-impact customer use cases.

"The addition of Niometrics to Mobileum’s portfolio further reinforces our strategy to provide telecom operators an end-to-end analytics engine that not only strengthens their network and interconnection and assures their business, but that also provides them with the network intelligence required to grow revenues and improve customer experience as they rollout 5G and evolve their business. Niometrics’ proven technology and respected team of industry experts make this acquisition a perfect fit to accelerate Mobileum’s growth strategy," commented Bobby Srinivasan, CEO of Mobileum.

"Communications service providers have unrivaled direct access to customer preferences, data consumption and loyalty trends. With the analytical horsepower to leverage these data points, CSPs can now take these insights to segment their marketing and sales, personalize end-user engagement, build new digital partnerships, and monetize data – while coping with all the privacy and data protections in place. By combining our product portfolios, we will be able to provide CSPs unique insights at every customer touchpoint and make sure that they are able to consistently exceed customer experience and service performance expectations," commented Kostas Anagnostakis, CEO of Niometrics.

The Niometrics’ Deep Network Analytics platform ("DNA"), which includes real-time data analytics, advanced AI and machine learning algorithms, and Deep Packet Inspection ("DPI") capabilities, will now become part of Mobileum’s Active Intelligence platform. Active Intelligence will provide the critical insights that carriers need for network operations, roaming, business assurance, testing, service assurance and customer engagement.

Based in Singapore, Niometrics’ 150+ employees will join Mobileum, strengthening Mobileum’s global team of more than 1,800 employees, and growing its engineering hub in Asia. This acquisition will further expand the capacity to serve Mobileum’s more than 900 telecom customers. After closing this acquisition, 9 out of 10 telecom operators will rely on Mobileum solutions.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: http://www.audaxprivateequity.com or follow us on LinkedIn.

About Niometrics

Niometrics is a network analytics company that provides solutions for Communications Service Providers (CSPs) to develop strategies and decisions for new digital businesses, customer experience management, and network planning and optimization.

Analyzing a combined base of over 500 million subscribers who consume and exchange over 60 PB of data daily, Niometrics’ proprietary, full-stack Deep Network Analytics (DNA) technology extracts, processes, and transforms in real time complex network data into insights, enabling CSPs to take better and more timely actions to drive higher business ROIs.

Niometrics partners with some of the largest telecommunications providers in the world. Based in Singapore, the company has operations and R&D hubs across Asia-Pacific, Europe and the Middle East.

Visit www.niometrics.com to learn more.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics for roaming, network services, security, risk management and domestic and international connectivity testing. More than 900 operators rely on its Active Intelligence platform, which provides advanced analytics based solutions, enabling customers to connect operational intelligence with real-time actions that increase revenue, improve customer experience and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Dubai, Germany, India, Portugal, Singapore and UK.

Learn more in www.mobileum.com and follow @MobileumInc on Twitter.

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PR Newswire

QuEST Global acquires Synapse Design to Enhance Expertise in Semiconductor and Connected Engineering

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– This acquisition will enable the company’s vision to grow its semiconductor business and add 2,000 engineers within the next four years

SINGAPORE, June 29, 2021 — QuEST Global, a global product engineering and lifecycle services company, has acquired Synapse Design, a Silicon Valley headquartered design and engineering services provider to top-tier semiconductor and systems companies worldwide. This addition will enhance QuEST’s capability in providing comprehensive design and consulting services and software development for the semiconductor industry. With this acquisition, the company will be able to offer end-to-end hardware-enabled software solutions to its customers across various industries, including semiconductor, automotive, consumer electronics, networking, and storage systems. Such solutions are especially critical now, as these industries accelerate their efforts to capitalize on the rise of digital technologies and the transformational opportunities arising.

This acquisition will enable QuEST’s vision to grow its semiconductor business, add at least 2,000 engineers in the next four years while enhancing their ability to leverage the convergence of electronics, software, and digital engineering services. This will also support QuEST to provide innovative, digital solutions to its customers, help improve their operational efficiency and solve the complex challenges in terms of cost and quality of products.

With its strong customer portfolio and domain capabilities in the semiconductor industry, Synapse Design is QuEST’s 14th acquisition in the last two decades. Each acquisition has added differentiated skills and enabled the company to create one of the broadest portfolio offerings of any engineering services company, enabling them to create the frontier by advancing the ways people live, work and engage with each other.

Founded in 2003 by Satish Bagalkotkar and Devesh Gautam, Synapse Design has built a strong reputation by providing end-to-end semiconductor design services to 95% of the world’s top fabless, Original Design Manufacturing (ODM) and Integrated Device Manufacturing (IDM) companies. Their services and solutions include low-power, mixed-signal Application-Specific Integrated Circuit (ASIC) and System-On-Chip (SOC) design services from architecture specifications to tape out, including system-level software and embedded firmware development. The company creates end-to-end hardware/software design solutions targeting Artificial Intelligence/Machine Learning/Data Center/IoT, automotive/autonomous, multimedia, mobile, networking, and communications/storage applications.

Synapse Design has its design centers in India, China, Japan, Malaysia and Vietnam and employs more than 700 engineers. As a QuEST subsidiary, it will continue to operate under the leadership of Satish Bagalkotkar and Devesh Gautam.

Welcoming Synapse to the QuEST Global family, Ajit Prabhu, Chairman & CEO, QuEST Global said: "We are constantly looking for outstanding talent and capability that can help us provide innovative engineering services and solutions across our customer base. The acquisition of Synapse Design will enable us to provide comprehensive design services, consulting, and software development services to our semiconductor customers. We strongly believe that the investments we are making in enhancing our engineering capabilities will help customers solve complex engineering challenges in their respective industries. As their trusted thinking partner, we are committed to providing end-to-end engineering solutions that will help redefine their engineering strategy from a long-term perspective."

Sharing his excitement, Satish Bagalkotkar, President, CEO and Co-Founder, Synapse Design said: "We are excited to be part of the QuEST family as the combination of both companies brings great opportunities for our stakeholders, including customers, partners, and employees. This acquisition will combine our capabilities in providing design and consulting services with QuEST’s capabilities in providing embedded & software services and expertise in the convergence of electronics, software, and digital engineering innovations. This combination will help us to deliver world-class engineering services and solutions to customers across various industries."

Devesh Gautam, Chief Operating Officer and Co-Founder, Synapse Design said: "The acquisition of Synapse Design by QuEST Global is an excellent next step for the customers and employees of both companies. Synapse and QuEST share an unrelenting passion to provide customers with excellent engineering talent and a best-in-class customer service experience. As a global organization, we will be able to serve new and larger customers across the globe, add value to existing customers and create more high-skilled engineering jobs in the region."

About QuEST Global

For more than 20 years, QuEST Global has been a trusted global product engineering and lifecycle services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Medical Devices, Rail and Semiconductor industries. With a presence in 13 countries, 56 global delivery centers and 11,250+ personnel, QuEST Global is at the forefront of the convergence of the mechanical, electronics, software and digital engineering innovations to engineer solutions for a safer, cleaner and sustainable world. QuEST Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.

PR Newswire

BCcard secures a strong foothold in Vietnam’s card payments market

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– BCcard acquired 100% stake in the Vietnamese No.1 bank POS terminal supplier

– Possessing software development capabilities on top of its distribution business… attaining high client satisfaction

– BCcard to provide convenient and stable services applying its advanced technology

SEOUL, South Korea, June 17, 2021 — BCcard (CEO Choi Won-Seok), the biggest card payment acquirer in South Korea announced that it has acquired a 100% stake in Vietnamese POS terminal distributor Wirecard Vietnam1 securing a strong foothold in Vietnam’s card payments market.

Wirecard Vietnam, which had been acquired by BCcard, has the largest market share in the country, supplying payment terminals to more than 40 major Vietnamese banks and electronic payment companies.

This company is not only engaged in the distribution business, but also possesses exceptional software development capabilities. The company achieves higher level of client satisfaction than other POS distributors operating in Vietnam as it develops and supplies customized POS solutions catering to clients’ specific needs.

Through the acquisition, BCcard plans to ▲ improve the competitiveness of Wirecard Vietnam services, ▲ provide integrated terminals that can accommodate various payment methods, and ▲ reduce costs through remote upgrading of the terminals.

In addition, by utilizing its vast know-hows and exceptional technology, BCcard plans to gradually enhance its service in order to provide various and convenient payment services to partners (banks and electronic payment operators) and customers in Vietnam.

President of BCcard Choi Won-Seok said, "In order to directly enter the Vietnamese market and secure stable business operations, we decided to acquire a 100% stake in Wirecard Vietnam." He also said, "We will strive to generate profits in various fields by diversifying our business structure, such as by entering overseas markets."  

Meanwhile, BCcard has been collaborating with various payment institutions such as NAPAS2, LienVietPostBank3, and Sacombank4 to digitize the Vietnamese payments market since 2017.

Also, BCcard has affiliated its payment network with numerous national payment companies to allow each nation can use their domestic-only card or payment service at the other country without any international brand.

1 Seller: Wirecard Singapore Pte Ltd., 100% ownership of Wirecard Vietnam
2 National Payment Corporation of Vietnam: Payment intermediary network operator under the State Bank of Vietnam
3 LienVietPostBank: Owns the largest number of bank branches in Vietnam and has an exclusive post office network.
4 Sacombank: Bank with the largest share of the credit card market in Vietnam