SPACE DATA MARKETPLACE LAUNCH CREATES STELLAR VALUE FOR SPACE INDUSTRY

 

https://www.space-data-marketplace.eu/

KUALA LUMPUR, Sept 30 (Bernama) -- Today marks the signature of the Space Data Marketplace project whose mission is to facilitate access to space data and create value for the whole space industry in France, Europe and internationally, by offering inspiring use cases.

This brings together the best-in-class technological and industrial expertise in France and Europe to accompany the revolution of the space sector, according to a statement.

Supported by the French Recovery Plan and the French space government agency CNES, the development of Space Data Marketplace will be driven by a consortium led by Dawex and including Airbus Defence and Space, Dassault Systèmes, and Thales Alenia Space.

Also included are Geoflex, VisioTerra, namR, Altametris, Murmuration and Occitanie Data, leveraging improved capabilities for accessing and distributing data and services on the platform.

“It’s an honour to contribute to the development of Space Data Marketplace, empowering the industry to build influential data partnerships,” said Dawex co-CEO, Laurent Lafaye.

“The platform will act as the backbone of the spatial data ecosystem, leveraging space data to optimise mobility and logistics, tackle key climate change challenges thanks to housing renovation and energy compliance upgrades, and so many more fascinating use cases.”

Space Data Marketplace aims at contributing directly to ease access to space data and promote their wider use. It is the one-stop shop for the space industry and all organisations in multiple sectors that are increasingly interested in using space data.

Gathering best-in-class technologies and leading organisations in the consortium, Space Data Marketplace promotes a trusted data exchange and data sharing environment to build strong data partnerships, foster creativity and renew opportunities, boosting the development of the space industry.

-- BERNAMA

MFINE SECURES US$48 MILLION SERIES C FUNDING TO CONSTRUCT INDIA'S LARGEST VIRTUAL HOSPITAL

KUALA LUMPUR, Sept 29 (Bernama) -- India’s leading Digital Health startup MFine has announced a US$48 million Series C funding round co-led by Moore Strategic Ventures and BEENEXT, with participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y’S Investment Pte Ltd. and Alteria Capital. (US$1 = RM4.186)

MFine aims to build one of the Largest Virtual Hospitals in the world and make high quality healthcare more accessible and effective with the use of AI and mobile technologies.

Towards that vision, MFine is enabling clinical decision support for doctors using AI and bringing vitals monitoring and health management to consumers’ smartphones.

Since its inception, over three million users have used MFine services with the platform clocking over 300,000 monthly transactions that include doctor consultations, diagnostic tests, e-pharmacy and in-patient procedures.

While over 100,000 users use MFine for booking diagnostic tests every month, MFine grows 15 per cent month on month, amidst exponential adoption of telemedicine and digital health in India since the onset of the COVID-19 pandemic.

Over 500 corporates have partnered with MFine to enable wide ranging services covering over 500,000 employees.

In a statement, MFine CEO & cofounder, Prasad Kompalli said: “We will continue to invest in deep tech to transform every smartphone into a health companion for consumers and a decision support assistant to all doctors.

“We will also be looking to expand our network across India and make our services available widely. We are very excited about the future of digital health in India and we look forward to working with our partners, investors and the government to build and scale this further.”

BEENEXT Managing Partner Hero Choudhary said: “MFine’s model, coupling AI technology with a strong provider network, is powerful in providing healthcare services on-demand and changing the way we think about care delivery for millions across the world.”

For details, visit https://www.mfine.co/.

-- BERNAMA

ADAGIO THERAPEUTICS ANNOUNCES NEW DATA HIGHLIGHTING THE POTENTIAL OF ADG20 FOR TREATMENT AND PREVENTION OF COVID-19

 

ADG20 Continues to be Well Tolerated in Healthy Volunteers with Prolonged Half-Life and Serum Virus Neutralization Activity Observed out to Six Months in Ongoing Phase 1 Study

Data from Quantitative Systems Pharmacology/Whole-Body Physiologically Based Pharmacokinetic Modeling Support Evaluation of 300 mg Intramuscular Dose of ADG20 Given as a Single Intramuscular Injection in Ongoing Phase 2/3 Studies

Data to be Presented During IDWeek 2021 and 19^th Annual Discovery on Target Conference


WALTHAM, Mass., Sept 30 (Bernama-GLOBE NEWSWIRE) -- Adagio Therapeutics, Inc., (Nasdaq: ADGI) a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, today announced new data from the company’s COVID-19 antibody program. Updated, six-month data from its ongoing Phase 1 study of ADG20 in healthy participants and data validating the selection of the 300 mg intramuscular (IM) dose given as a single injection that is being evaluated in the company’s ongoing global Phase 2/3 treatment (STAMP) and prevention (EVADE) clinical trials will be presented during four poster sessions at the Infectious Disease Society of America’s IDWeek 2021, being held from Sept. 29 – Oct. 3, 2021. In addition, Adagio’s chief scientific officer, Laura Walker, Ph.D., will present a subset of the ADG20 Phase 1 data as well as background on the identification and optimization of this differentiated antibody clinical candidate in an oral presentation at the 19^th Annual Discovery on Target Conference on Sept. 30, 2021.

“The continued strength of the safety and pharmacokinetic data from our Phase 1 study is encouraging and further underscores the potential impact an antibody like ADG20 – which was designed to be potent, broadly neutralizing and delivered as a single IM injection – could have on people with or at risk of COVID-19,” said Lynn Connolly, M.D., Ph.D., chief medical officer of Adagio. “These Phase 1 data combined with our dose selection strategy, which relied on our innovative modeling approach, have allowed us to initiate and advance our pivotal trials of ADG20 in the treatment and prevention of COVID-19. We anticipate these data will support an Emergency Use Authorization (EUA) application in the first quarter of 2022, which could enable us to bring an important treatment option to patients.”

Phase 1 Trial Update
Adagio is evaluating ADG20 in a Phase 1 randomized, double-blind, placebo-controlled single ascending-dose study to assess safety and tolerability, pharmacokinetics (PK), immunogenicity, and serum virus neutralizing activity of ADG20 ex vivo against SARS-CoV-2. Data from a six-month evaluation timepoint confirmed the extended half-life of ADG20, which approached 100 days based on data from the 300 mg IM dose that was given as a single injection. In addition, 50% serum virus neutralization titers at six months after a 300 mg IM dose of ADG20 were similar to observed peak titers with the mRNA-1273 vaccine and exceeded those achieved with the AZD1222 vaccine series. Importantly, ADG20 was well tolerated with no study drug-related adverse events (AEs), serious AEs, or injection-site or hypersensitivity reactions reported through a minimum of three months follow-up across all cohorts. Participants will continue to be followed through 12 months to assess safety and tolerability, PK, immunogenicity and serum virus neutralizing activity.

Phase 1 Poster Information: (633) Preliminary Results from a Phase 1 Single Ascending-Dose Study Assessing Safety, Serum Viral Neutralizing Antibody Titers (sVNA), and Pharmacokinetic (PK) Profile of ADG20: an Extended Half-Life Monoclonal Antibody Being Developed for the Treatment and Prevention of Coronavirus Disease (COVID-19)

Dose Selection Strategy
To support dose selection for Adagio’s global Phase 2/3 STAMP and EVADE clinical trials, the company modified an existing quantitative systems pharmacology whole-body physiologically-based pharmacokinetic (QSP/PBPK) model to better characterize the PK of extended half-life monoclonal antibodies in serum and key sites of viral replication in the respiratory tract. Adagio’s model adequately a priori predicted the observed ADG20 serum PK in non-human primates (NHPs) and humans. The model was further optimized based on data from Adagio’s Phase 1 clinical trial and then applied for dose selection for STAMP and EVADE.

For the STAMP treatment trial, data compiled to date suggest that the 300 mg IM regimen has a projected ability to rapidly achieve and maintain target concentrations at key tissue sites of viral replication, including the ability to attain near complete (> 90%) and durable (> 28-day) SARS-CoV-2 receptor occupancy across a range of baseline viral loads. Further, for the EVADE prevention trial, data compiled to date suggest the 300 mg IM regimen has a projected ability to rapidly exceed target serum concentrations in the majority of simulated patients and to maintain potentially effective concentrations for up to 12 months.

Dose Selection Poster Information

• (1086) A Whole-Body Quantitative System Pharmacology Physiologically-Based Pharmacokinetic (QSP/PBPK) Model that a priori Predicts Intramuscular (IM) Pharmacokinetics of ADG20: an Extended Half-life Monoclonal Antibody Being Developed for the Treatment and Prevention of Coronavirus Disease (COVID-19)
• (1089) Use of a Whole-Body Quantitative System Pharmacology Physiologically-Based Pharmacokinetic (QSP/PBPK) Model to Support Dose Selection of ADG20: an Extended Half-Life Monoclonal Antibody Being Developed for the Prevention of Coronavirus Disease (COVID-19)
• (1088) A Whole-Body Quantitative System Pharmacology Physiologically-Based Pharmacokinetic (QSP/PBPK) Model to Support Dose Selection of ADG20: an Extended Half-Life Monoclonal Antibody Being Developed for the Treatment of Coronavirus Disease (COVID-19)

The STAMP and EVADE clinical trials are currently ongoing and enrolling patients globally. For more information, please visit clincialtrials.gov.

About ADG20
ADG20, a monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is being developed for the prevention and treatment of COVID-19, the disease caused by SARS-CoV-2. ADG20 was designed and engineered to possess high potency and broad neutralization against SARS-CoV-2 and additional clade 1 sarbecoviruses, by targeting a highly conserved epitope in the receptor binding domain. ADG20 displays potent neutralizing activity against the original SARS-CoV-2 strain as well as all known variants of concern. ADG20 has the potential to impact viral replication and subsequent disease through multiple mechanisms of action, including direct blocking of viral entry into the host cell (neutralization) and elimination of infected host cells through Fc-mediated innate immune effector activity. ADG20 is administered by a single intramuscular injection, and was engineered to have a long half-life, with a goal of providing both rapid and durable protection. Adagio is advancing ADG20 through multiple clinical trials on a global basis.

About Adagio Therapeutics
Adagio (Nasdaq: ADGI) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential. The company’s portfolio of antibodies has been optimized using Adimab’s industry-leading antibody engineering capabilities and is designed to provide patients and clinicians with a powerful combination of potency, breadth, durable protection (via half-life extension), manufacturability and affordability. Adagio’s portfolio of SARS-CoV-2 antibodies includes multiple, non-competing broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. Adagio has secured manufacturing capacity for the production of ADG20 with third-party contract manufacturers to support the completion of clinical trials and initial commercial launch. For more information, please visit www.adagiotx.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “expects,” “intends,” “projects,” and “future” or similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, the timing, progress and results of our preclinical studies and clinical trials of ADG20, including the timing of our planned EUA application, initiation and completion of studies or trials and related preparatory work, the period during which the results of the trials will become available and our research and development programs; our ability to obtain and maintain regulatory approvals for, our product candidates; our ability to identify patients with the diseases treated by our product candidates and to enroll these patients in our clinical trials; our manufacturing capabilities and strategy; and our ability to successfully commercialize our product candidates. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation, those risks described under the heading “Risk Factors” in Adagio’s prospectus filed with the Securities and Exchange Commission (“SEC”) on August 6, 2021 and in Adagio’s future reports to be filed with the SEC, including Adagio’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021. Such risks may be amplified by the impacts of the COVID-19 pandemic. Forward-looking statements contained in this press release are made as of this date, and Adagio undertakes no duty to update such information except as required under applicable law.

Contacts:

Media Contact:
Dan Budwick, 1AB
Dan@1abmedia.com

Investor Contact:
Monique Allaire, THRUST Strategic Communications
monique@thrustsc.com


SOURCE : Adagio Therapeutics, Inc.

BARCLAYS UNVEILS INAUGURAL GREEN STRUCTURED NOTES PROGRAMME

KUALA LUMPUR, Sept 29 (Bernama) -- Barclays, a British universal bank has announced the launch of its inaugural Green Structured Notes Programme, offering institutional and retail investors a differentiated green investment opportunity, with the structured note payoff based on a green index.

The proceeds of the notes are allocated to the financing or re-financing of eligible green activities such as renewable energy, energy efficiency and sustainable transportation loans and contribute to Barclays Net Zero Ambition and providing £100 billion of green financing by 2030. (£1 = RM5.666)

Head of Global Markets and Co-President of BB PLC at Barclays, C.S. Venkatakrishnan, said: “We continue to see increased client demand for sustainable investment opportunities and today’s launch of Barclays’ green structured notes programme provides clients with a new and innovative opportunity to access the green market.

“It’s also a terrific step forward in our innovation journey within Global Markets to offer more compelling and sustainable structured products offerings.”

Meanwhile, Group Head of Public Policy and Corporate Responsibility, Sasha Wiggins, said: “Last year, we announced our commitment to align all of our financing to the goals of the Paris Agreement, on the way to achieving our ambition to be a net zero bank by 2050.”

“We also committed to £100bn of green financing by 2030 and this innovative investment offering to our clients is a new and important part of delivering that commitment in order to help accelerate the global transition to a low carbon economy.”

Both the investment and the use of proceeds will be in line with the Sustainable Finance Framework and Green Issuance Framework, and the index is selected in line with the Green Index Selection Principles, according to a statement.

The portfolio of green projects the proceeds will fund will be originated by Barclays Bank PLC in the regular course of business, and will be verified by a third party verification agent.

The announcement follows the launch of the Barclays Solactive Climate Change Europe BTI index and Barclays’ intention to support climate-related products and initiatives through Green Bonds issuance.

-- BERNAMA

FLUENCE FILES REGISTRATION STATEMENT WITH THE SEC FOR PROPOSED INITIAL PUBLIC OFFERING

 ARLINGTON, Va., Sept 29 (Bernama-BUSINESS WIRE) -- Fluence, a leading provider of energy storage products and services and digital applications for renewables and storage, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. Fluence Energy, Inc. has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “FLNC.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., and BofA Securities will act as lead book-running managers for the proposed offering. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Securities, LLC, Evercore Group L.L.C., HSBC Securities (USA) Inc., and RBC Capital Markets, LLC will act as joint book-running managers for the proposed offering. Nomura Securities International, Inc., Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc., Seaport Global Securities LLC, Penserra Securities LLC, and Siebert Williams Shank & Co., LLC will act as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at barclaysprospectus@broadridge.com or by telephone at (888) 603-5847; and BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department or by email at dg.prospectus_requests@bofa.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fluence

Fluence, a Siemens and AES company, is a global market leader in energy storage products and services and digital applications for renewables and storage. We have more than 3.4 GW of energy storage deployed or contracted in 29 markets globally, and more than 4.5 GW of wind, solar and storage assets optimized or contracted in Australia and California. Through our products, services and AI-enabled Fluence IQ platform, we are helping customers around the world drive more resilient electric grids and a more sustainable future.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210928005673/en/


Contact

Media
Edelman for Fluence
Julia Fisher
FluenceMedia@edelman.com

Investors
Samuel Chong
samuel.chong@fluenceenergy.com

Source : Fluence Energy, Inc.

CLOUDFLARE R2 STORAGE WAY BETTER FOR DEVELOPERS TO STORE EVERYTHING NEEDED

KUALA LUMPUR, Sept 29 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has announced Cloudflare R2 Storage, a better way for developers to store everything they need with automatic migration of data from S3-compatible services to make switching easy.

Cloudflare R2 Storage, designed for the edge, will offer the ability to store large amounts of data, expanding what’s possible with Cloudflare while slashing the egress bandwidth fees associated with cloud provider storage to zero, according to a statement.

Cloudflare co-founder and chief executive officer, Matthew Prince said: “Our aim is to make R2 Storage the least expensive, most reliable option for storing data, with no egress charges. I’m constantly amazed by what developers are building on our platform, and look forward to continued innovation as we expand the tools they have access to.”

In order to build websites and applications, developers need a place to store photos, videos, and graphics that is quickly and easily accessible.

When cloud storage first evolved, it was a huge step forward in terms of providing that fast, flexible, and scalable storage for developers. However, increasingly egregious bandwidth pricing has made cloud storage an expensive headache for some developers, resulting in vendor lock-in.

Cloudflare took the first step to address egregious egress charges in 2018 by creating the Bandwidth Alliance, a group of forward-thinking cloud and networking companies that are committed to discounting or waiving data transfer fees for shared customers.

Cloudflare R2 Storage will push this commitment even further, adding automatic migration of data from S3-compatible services and providing developers a highly performant, object store — minus the egress fees.

Cloudflare’s R2 Storage will allow developers to slash their cloud provider egress and storage bills; take advantage of the performance of object storage built with Cloudflare’s edge network; and, migrate data automatically from other providers to Cloudflare, among others.

More details at www.cloudflare.com.

-- BERNAMA

NIELSENIQ SETS THE PACE FOR THE OMNICHANNEL MEASUREMENT REVOLUTION

NielsenIQ has entered into two key acquisition agreements to strengthen its omnichannel solution


CHICAGO, Sept 29 (Bernama-BUSINESS WIRE) -- NielsenIQ, the industry leader in global measurement and data analytics, announced today two key acquisition agreements --Data Impact and Rakuten Intelligence. These acquisitions will drive significant value to NielsenIQ’s e-commerce and omnichannel measurement solutions and allow the company to revolutionize the consumer and retail measurement industries with a comprehensive view of the online marketplace, from product distribution to sales.

Today, e-commerce sales account for 12% of CPG sales in the U.S. and up to 30% of sales in global markets and are estimated to grow at a 15% CAGR through 2025. With significant growth and share from online-focused retailers, it has become more important to understand the total marketplace. Nevertheless, current e-commerce measurement is highly fragmented, with multiple, disparate offerings that do not allow an integrated and consistent view of the total market.

These acquisitions and suite of omnichannel measurement solutions uniquely position NielsenIQ to provide retailers and manufacturers with a harmonized, granular, and consistent view across channels, allowing them to anticipate trends, understand, and react faster to consumer needs and expectations.

“Measuring e-commerce is a top strategic imperative for NielsenIQ,” said Natalie Williams, Head of North America Measurement Product Leadership, NielsenIQ. “Together we can transform the way we measure e-commerce sales and how fast the shopper journey evolves by delivering powerful machine learning-driven insights to our clients around the world.”

The agreement to acquire Data Impact, a leading e-commerce intelligence player in 40 markets mainly across Europe and the U.S., will supercharge NielsenIQ’s omnichannel service. Combining Data Impact’s best-in-class technology - which provides a hypergranular view of banner and store-level e-commerce insights - with NielsenIQ’s unmatched retail measurement footprint, will enable NielsenIQ to scale Data Impact’s product offering globally; and most importantly, will position NielsenIQ to lead the future of omnichannel measurement and execution.

“Combining our technology with Data Impact’s unique offering enables us to offer manufacturers and retailers unparalleled, comprehensive coverage with the granularity needed to make winning omnichannel decisions,” said Jim Peck, Executive Chairman and CEO of NielsenIQ.

The acquisition of Rakuten Intelligence, three years after signing an exclusive agreement to combine Rakuten Intelligence’s largest e-commerce purchase panel in the U.S. with NielsenIQ’s retail sales data, will allow NielsenIQ to deliver our clients an integrated online and offline read, aligned to custom client hierarchies, underpinned by our cloud-based Connect platform. NielsenIQ’s recently launched Omnisales product is the first integration derived from this acquisition.

“We are proud to welcome these two champions into the NielsenIQ family. We will be able to provide a single number for online sales measurement through multi-sourced data - the truth the market needs - and we will also deliver e-commerce execution recommendations with unrivaled actionability. With unique scale and granularity, the landscape of opportunities is unlimited,” mentioned Clément Colin, Head of International E-commerce Measurement, NielsenIQ.

About NielsenIQ

NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. Powered by a groundbreaking consumer data platform and fueled by rich analytic capabilities, NielsenIQ enables bold, confident decision-making for the world’s leading consumer goods companies and retailers.

Using comprehensive data sets and measuring all transactions equally, NielsenIQ gives clients a forward-looking view into consumer behavior in order to optimize performance across all retail platforms. Our open philosophy on data integration enables the most influential consumer data sets on the planet. NielsenIQ delivers the complete truth.

NielsenIQ, an Advent International portfolio company, has operations in nearly 100 markets, covering more than 90% of the world’s population. For more information, visit NielsenIQ.com.

About Data Impact

Data Impact is one of the cutting-edge providers in omnichannel analytics solutions. The company uses localized data and AI algorithms to offer its customers various solutions, including location-based analytics, sales and shares estimates, media monitoring, SEO optimization, and more.

The Data Impact solution is already used by more than 150 companies in more than 40 countries. Launched in 2016, Data Impact is the only solution that offers FMCG manufacturers a precise visualization of their omnichannel distribution and the ability to identify localized levers of action.

About Rakuten Intelligence

Rakuten Intelligence is part of Rakuten Advertising, which connects leading agencies, brands and publishers to active and engaged consumers around the world. With access to Rakuten’s diverse media properties and audiences, combined with an award-winning performance network and proprietary consumer research, Rakuten Advertising creates the right conditions to reach new customers and sustain long-lasting loyalty.

Its foundation of advanced technology, data, and strategic services positions Rakuten Advertising to offer a differentiated suite of marketing and advertising solutions while continually pushing the industry forward. It is a division of Rakuten Inc., one of the world’s leading Internet service companies. The company is headquartered in San Mateo, CA, with offices throughout EMEA, APAC, LATAM, and North America. Learn more at www.rakutenadvertising.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005136/en/


Contact

Media Relations:
(U.S. and English)
FERNANDA PAREDES, fernanda.paredes@nielseniq.com, +1-917-291-1196
GILLIAN MOSHER, gillian.mosher@nielseniq.com, +1-647-282-9714
(France) SEBASTIEN MONARD, sebastien.monard@nielseniq.com, +33-6-85-32-94-61

Source : NielsenIQ

‘CyberAgent Pitching Arena’ connects Southeast Asian start-ups with Japanese, overseas investors Oct 6

KUALA LUMPUR, Sept 28 -- CyberAgent Capital Inc has announced it will hold its biggest global start-up event in Japan targeted at Southeast Asia, ‘Monthly PitchAsia’, under a new name ‘CyberAgent Pitching Arena’ on Oct 6, in an online format.

Since time is crucial and limited, CyberAgent Capital started ‘Monthly Pitch’ where early-stage entrepreneurs can quickly meet investors, allowing them to spend minimal time on fundraising and concentrate on their business as much as possible.

September 2021 marking the 52nd time, CyberAgent Capital has been holding this monthly event since 2016, with 403 companies (387 domestic and 16 overseas companies) taking the stage so far -- making it the largest fundraising event in Japan.

The upcoming event will feature pitches from 11 Southeast Asian start-ups and meetings between start-ups and investors from worldwide, according to a statement.

This includes from Singapore, Viddsee: Platform-powered content studio that connects audiences, storytellers, and brands through a consumer-facing video platform.

Meanwhile from Indonesia are Dagangan: FMCG social commerce platform focusing on Tier 3 and Tier 4 cities; Andalin: Digital freight forwarder platform with both licence in international freight forwarding and customs brokerage; and, Hacktiv8: Online developer academy platform.

Also including from Thailand are Mercular: Hobby & lifestyle vertical e-commerce retailer; Globish: Online English-language education; Ooca: Online telemental health platform; ClaimDi: Automated surveyor platform and ecosystem enabler for car insurance companies; and, BebeFitRoutine: Wellness D2C platform.

In addition from Vietnam are Coolmate: Men's basic apparel D2C; and, Hoang Phuc: Middle- to high-end apparel D2C.

CyberAgent Capital is an investment enterprise leading global innovation jointly with unicorn start-ups. More details at https://www.cyberagentcapital.com/

-- BERNAMA 

CLOUDFLARE EMAIL SECURITY ENTRY TO OVERCOME CHALLENGES, GIVING CUSTOMERS MORE CONTROL

KUALA LUMPUR, Sept 28 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company helping to build a better Internet, has announced its entry into email security with new offerings to help solve email challenges in an easy-to-use way that gives customers more control. 

Now, users will be able to create custom email addresses, manage incoming email routing, and prevent email spoofing and phishing on outgoing emails—all for free, according to a statement.

Cloudflare also announced that customers can sign up for early access to its Advanced Email Security Suite, tightly integrated with all of Cloudflare’s Zero Trust solutions, for a more holistic way to keep businesses and their employees secure and productive.

“Customers have asked us to address email security for years. Today, we’re announcing new tools that will help close the biggest remaining network security risk that Cloudflare hasn’t already covered, until now,” said co-founder and chief executive officer of Cloudflare, Matthew Prince.

“We want to be the network that businesses of any size can plug into for all of their needs. While today marks our first step into this space, we ultimately hope to become the leader in email security.”

Creating, managing, and securing email services can be complex tasks requiring technical expertise. Cloudflare has announced two features that customers can take advantage of, to help with this.

First, Cloudflare is providing customers with powerful new email routing tools to streamline email management. Second, Cloudflare is providing tools to help anyone with an email address better protect their brand against phishing and spam.

Cloudflare customers can take advantage of these free features to create custom email addresses in a few clicks; consolidate multiple email accounts into one unified inbox; and, help secure their domain from phishing and spoofing attacks, among others.

Cloudflare also announced its Advanced Email Security Suite, tightly integrating email protection with Cloudflare One, including Browser Isolation. 

More details at www.cloudflare.com.

-- BERNAMA

VIRGIN HYPERLOOP TO DEBUT FULL-SCALE COMMERCIAL POD IN DP WORLD FLOW PAVILION AT EXPO 2020

Full-scale cargo exterior, cutaway passenger interior, and interactive content will be on display

Exhibit runs October 2021 through March 2022 in Dubai


DUBAI, United Arab Emirates, Sept 28 (Bernama-GLOBE NEWSWIRE) -- Today, Virgin Hyperloop revealed that they will be showcasing a full-scale hyperloop cargo pod and a cutaway passenger pod as part of DP World’s FLOW pavilion at Expo 2020.

“The constant flow of goods has historically driven innovation in the transportation sector and now more than ever, we must continue to future-proof the industry,” said Sultan bin Sulayem, Chairman of DP World and Virgin Hyperloop. “Hyperloop is poised to revolutionize the global on-demand logistics market, and we are excited to share our vision for the technology in the DP World FLOW pavilion at Expo 2020.”

Upon arrival to the FLOW pavilion, visitors will see a full-scale commercial cargo pod replica, which measures nearly 10 meters long. Once in the pavilion, guests will be able to sit inside a cutaway passenger pod complete with production intent finishes to see what a future journey on hyperloop will feel like. Surrounding the pod, visitors will learn more about the technology and its future impact through interactive displays, videos, and models.

“World Expos have been debuting the most cutting-edge innovations for centuries, so we are honored to showcase hyperloop technology on this global stage with DP World,” said Josh Giegel, CEO and Co-Founder of Virgin Hyperloop. “I hope that visitors will be able to imagine the not-too-distant future in which they are passengers on a commercial hyperloop system in the Gulf region and beyond.”

The pavilion opens as part of Expo 2020 on 1 October 2021 and runs through 31 March 2022. The exhibit is open to the public daily starting at 10am. Tickets can be purchased here.

Media Assets
Behind the scenes photos of Virgin Hyperloop’s installation in the DP World FLOW Pavilion can be found here. General media assets can be downloaded here.

About Virgin Hyperloop
Virgin Hyperloop is the only company in the world that has successfully tested hyperloop technology with passengers, launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. Learn more about Virgin Hyperloop’s technology, vision, and ongoing projects here.

About DP World
We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

We deliver these services through an interconnected global network of 128 business units in 60 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse, and professional team of more than 53,000 employees from 131 countries are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership. We think ahead, anticipate change, and deploy industry-leading technology to further broaden our digital vision to disrupt world trade and create the smartest, most efficient, and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

About Expo 2020
World Expos are one of the oldest and largest international events on the planet, taking place every five years and lasting six months. It is a festival for all, where everyone can experience, explore, innovate and have fun by sharing ideas and working together.

Expo 2020 Dubai will be the first World Expo ever hosted in the Middle East, Africa and South Asia (MEASA) region. Through our theme of Connecting Minds, Creating the Future, we aim to host a World Expo that inspires people by showcasing the best examples of collaboration, innovation and cooperation from around the world.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a4c29940-525b-41da-893e-b0645b6b515c

https://www.globenewswire.com/NewsRoom/AttachmentNg/24da57ad-daa0-406f-943a-c643752f8328
 

For Virgin Hyperloop media enquiries, please contact:
Ryan Kelly
Vice President of Marketing and Communications
press@virginhyperloop.com
+1 (610) 442-1896

Christoph Diesch
Edelman Middle East
christoph.diesch@edelman.com
+971 56 996 2086

For DP World media enquiries, please contact:
Roland Buerk
Global Head of Media
roland.buerk@dpworld.com
+971 50 6287856

Hakam Kherallah
International Media Relations Manager
hakam.kherallah@dpworld.com
+971 50 5522610


SOURCE : Virgin Hyperloop One

TEPCO POWER GRID, INC.: AGREEMENT SIGNED OVER PROJECT FOR IMPROVEMENT OF POWER UTILITY MANAGEMENT OF ELECTRICITE DU LAOS

TOKYO, Sept 27 (Bernama-BUSINESS WIRE) -- On September 22, TEPCO Power Grid, Inc. (President and Managing Executive Director: Yoshinori Kaneko) has formed a joint venture with three companies including Tokyo Electric Power Services Co., Ltd. (President: Yasuhiro Kubo) and World Business Associates Co., Ltd. (President: Jun Sugiura) that signed an agreement with the Japan International Cooperation Agency (hereinafter referred to as, “JICA”) over the Project for Improvement of Power Utility Management of Electricite du Laos.

In 2020, the government of Laos decided to break off the transmission division of Electricite Du Laos (hereinafter referred to as, “EDL”) and establish the Electricite Du Laos Transmission Company, Ltd. (hereinafter referred to as, “EDL-T”) for the purpose of handling power transmission both within and outside of Laos. In conjunction with the establishment of EDL-T, selling its high-voltage transmission division and creating company strategies and business plans in this new business environment have become pressing issues as it negotiates power sales contracts with neighboring countries, manages consigned transmission based upon transmission agreements and strengthens its distribution business.

Additionally, the company must also address such issues as the creation and implementation of financing/investment plans for optimally managing domestic supply and power interchange with neighboring countries within a new electric rate structure, the improvement of management efficiency, and the creation of structures to train human resources needed to accomplish these tasks.

Each of the companies in the joint enterprise shall leverage their strengths, such as consulting and experience in the electricity industry both within and outside of Japan, experience as financial advisors, and consulting experience pertaining to management and human resource development, etc., to help EDL strengthen its management structure and capabilities so that it can address on its own the various issues it faces.

The TEPCO Group will continue to cooperate as a JICA “Laos Power Policy Advisor” (2020~) and as part of the JICA “Project for Power Quality Improvement through Upgrading Grid Code and Strengthening its Enforcement System” (2021~) as we contribute to the development of Laos’s power sector.

Press release: 
https://www.tepco.co.jp/en/hd/newsroom/press/archives/2021/20210922_02.html

Summary of the Project for Improvement of Power Utility Management of Electricite du Laos

1. Period/Applicable Territories

• September 2021 ~ March 2024 (Tentative)
• Laos

2. Contracting Partner

• JICA

3. Objective

• Strengthen the operation and management ability of EDL by constructing suitable corporate strategies and improving operational efficiency, strengthening human resource management and development capabilities, and providing support necessary to strengthen financial planning capabilities, thereby supporting the sustainable development of Laos’s power sector.

4. Project Details

• Provide support for creating improvement plans for quality management systems
• Provide support for creating corporate strategies and related plans
• Provide support for strengthening internal auditing systems, information disclosure mechanisms, and regulatory systems
• Provide support for the creation of department development plans
• Provide support for improving work efficiency
• Provide support for creating human resource management and development plans
• Train instructors
• Provide support for creating financial and power rate plans

 

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210924005204/en/

Contact

For inquiries contact:
Kazuki Hashi
Secretary and Risk Management Office, TEPCO Power Grid, Inc.
pgkouhou@tepco.co.jp / +81-3-6373-1111

Source : TEPCO Power Grid, Inc.

BANDAI NAMCO GROUP'S CO-CREATION PROGRAM, "GUNDAM X FUTURE TECHNOLOGY," TO FACE SOCIAL ISSUES; "GUNDAM OPEN INNOVATION" APPLICATION PERIOD EXTENDED

 TOKYO, Sept. 24, 2021 /Kyodo JBN/ --

- Special Content from Directors behind Yokohama's "moving GUNDAM" Available through Official Website; New Application Period: July 15-October 15, 2021 - 

(Logo: https://kyodonewsprwire.jp/prwfile/release/M106357/202109170267/_prw_PI3fl_2oD6kv0W.png) 

BANDAI NAMCO Group has begun a GUNDAM-powered, sustainability project, "GUNDAM UNIVERSAL CENTURY DEVELOPMENT ACTION (GUDA)," and brought together fans worldwide along with many external partners to plan and take upon a variety of initiatives for the children of the future. As part of the initiative, "GUNDAM OPEN INNOVATION" was established in an effort to gather new ideas and technologies that can face the many issues found within society such as population and global environmental problems. To further promote the initiative, a decision has been made to extend the application period for one additional month. 

(Image: https://kyodonewsprwire.jp/prwfile/release/M106357/202109170267/_prw_PI1fl_BQtyIoUN.jpg) 

Official Website: https://www.bandainamco.co.jp/guda/goi/en/ 

What is "GUNDAM OPEN INNOVATION"? 

"GUNDAM OPEN INNOVATION" is a program to create future dreams and hopes by revisiting the similarities between the real world and the fictional era of GUNDAM, the "Universal Century," and merging "GUNDAM" with "future technologies" to face the social issues that exist in both worlds. 

The vast world of GUNDAM is filled with untapped technologies and possibilities that have yet to become reality. Under the concept of bringing creativity, knowledge, and passion together to bring these fictional technologies and possibilities into reality, an open invitation is being extended to the public to gather innovative ideas and technologies under the theme and field of sustainability to face subjects pertaining to a futuristic society, such as population and global environmental issues, along with looking into space as a viable frontier. 

An initial invitation for application was announced back in July this year, with the first-phase deadline set on Sunday, August 15, and a second-phase application deadline set on Wednesday, September 15. An overwhelming amount of applications was received, with many requests for an extended deadline. Under the concept of receiving as many ideas as possible, a third-phase deadline has been decided and set for Friday, October 15, with hope of seeing more ideas to come. 

During this opportunity, BANDAI NAMCO would like everyone around the world to consider applying. The initiative is open to everyone worldwide as BANDAI NAMCO looks for a brighter place in the future. 

-Project name: GUNDAM OPEN INNOVATION 

-Organizer: BANDAI NAMCO Group, GUNDAM Project

-Application period: Thursday, July 15, to Friday, October 15, 2021
1st-phase deadline: Sunday, August 15 *Closed
2nd-phase deadline: Wednesday, September 15 *Closed
3rd-phase deadline: Friday, October 15 *New

-Official "GUNDAM OPEN INNOVATION" website:
https://www.bandainamco.co.jp/guda/goi/en/ 

-Application form: https://www.bandainamco.co.jp/guda/goi/entry/index.html 

"GUNDAM OPEN INNOVATION" interview video by Chief GUNDAM Officer (CGO), Koji Fujiwara, and the directors of the Yokohama "moving GUNDAM" 

An interview video is now available to the public, featuring BANDAI NAMCO Entertainment Corporate Managing Director and CGO, Koji Fujiwara, who is hosting "GUNDAM OPEN INNOVATION," and the directors behind the "moving GUNDAM" that was built last year in Yokohama: Akinori Ishii, Wataru Yoshizaki (Asratec Corp. Director and Chief Robot Creator), and Masaki Kawahara (NOMURA Co., Ltd. Content Integration Center/NOTORA Creative Director). 

In the interview, Yoshizaki mentions that, should he participate in the "GUNDAM OPEN INNOVATION" initiative, he would like to develop a machine that recreates the robotic movements depicted within the GUNDAM series such as Zaku's dexterous and delicate finger motions. 

Fujiwara makes mention that, instead of merely recreating the scenes from the GUNDAM brand, he would like to focus on matters that can lead to causes of good, while finding solutions to societal issues under the main objective of "GUNDAM OPEN INNOVATION," which is to incorporate the charm of the GUNDAM brand so that its initiatives can spread throughout the world. 

The interview also brings up what the future of GUNDAM holds and how BANDAI NAMCO pushed out the GUNDAM brand in the form of products and services. Fujiwara mentions that, by communicating with GUNDAM fans, he would like to grow GUNDAM from being an IP (Intellectual Property) into an SP (Social Property), an iconic figure for society. 

Official "GUNDAM OPEN INNOVATION" website:
https://www.bandainamco.co.jp/guda/goi/en/ 

"GUNDAM OPEN INNOVATION" will be looking forward to many co-creative plans to bring about a vision that will create a sustainable future society with GUNDAM. 

*The information herein represents the information according to the date of the press release. Information may be updated without notice after release. 

Copyright:
https://kyodonewsprwire.jp/prwfile/release/M106357/202109170267/_prw_PI2fl_WWhkh59r.jpg 

Source: BANDAI NAMCO Entertainment Inc. 

--BERNAMA

GUPSHUP BUYS RCS BUSINESS MESSAGING GLOBAL INDUSTRY LEADER DOTGO

KUALA LUMPUR, Sept 24 (Bernama) -- Conversational messaging leader, Gupshup has announced the acquisition of New Jersey-based Dotgo, the global industry leader in RCS business messaging (RBM), with award-winning technologies such as the RichOTP®, RichSMS™, Bot Store®, and MaaP (Messaging as a Platform) fostering the growth of RCS Business Messaging.

A strong partner of Google, Mavenir, Synchronoss, Vodafone, and Orange, Dotgo manages RBM in several markets, and operates the world’s largest RBM Hub with global connectivity to RCS users worldwide.

Dotgo will significantly strengthen Gupshup’s conversational messaging platform that enables businesses and developers to build rich customer experiences. Gupshup also plans to leverage Dotgo’s strong experience and presence in Africa to expand there.

“Conversational experiences are becoming the key to business-customer interactions, and the RCS messaging channel is a critical enabler,” said Gupshup co-founder and CEO, Beerud Sheth in a statement.

“Dotgo’s product innovation, market traction, and thought leadership in the RCS ecosystem is truly impressive. Together, we’ll be able to offer a broader range of conversational messaging solutions to businesses and developers. We are excited to welcome them to the Gupshup family.”

Inderpal Singh Mumick, co-founder and CEO of Dotgo, said: “RCS business messaging is destined to change the way businesses communicate with their customers.

“With the addition of RCS, Gupshup will undoubtedly be the strongest IP messaging company, and thus helps us accelerate our mission.”

RCS will be a key messaging channel in Gupshup’s Conversational Messaging Platform, supplementing 30 other messaging channels available to customers via Gupshup’s Single API for messaging.

For more information, visit www.gupshup.io.

-- BERNAMA

AKWEL: NET EARNINGS OF €38 M IN H1 2021

 

Paris, France, Sept 24 (Bernama-GLOBE NEWSWIRE) --    

Thursday 23 September 2021

NET EARNINGS OF €38 M IN THE H1 OF 2021

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, published its 2021 half-yearly results.



In the first half of 2021, AKWEL recorded consolidated revenue of €487.6 m, up 26.0% on 2020 and 33.7% at a constant scope and exchange rates, but it is still down nearly 14% compared to the same period of 2019. The Group’s business was adversely affected – like the sector as a whole – by major supply difficulties in commodities and electronic components.

EBITDA reached €64.7 m, up 7.9%, and current operating income more than doubled to €50.0 m. The net income Group share was €38.0 m, up €88.1%.

Free cash flow generation remained strong at €44.4 m compared to €51.5 m in the first half of 2020.

In a context of reduced visibility on market, AKWEL expects at best a slight increase in its activity over the financial year as a whole compared to 2020, but significantly down versus 2019. Operating profitability is expected to decline in 2021, adversely affected by production disruptions and increases in costs related to supply problems.

Confident in the solidity of its model and the relevance of its strategic choices, AKWEL will continue its investments in commercial development and new mobility solutions, particularly electric and hydrogen, and continue to roll out its partnership with Tallano on braking particles.


An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.

Operating in 20 countries across every continent, AKWEL employs almost 10,500 people worldwide.

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

 

Attachment

 

• 2021-09-23_AKWEL_HY-2021_Short-EN                                           

 

 

SOURCE : Akwel

DECOM HOLDINGS MOU WITH KARDIACHAIN TO EMPOWER BLOCKCHAIN DEVELOPMENT COMMITMENT

KUALA LUMPUR, Sept 24 (Bernama) -- Decom Holdings Joint Stock Company, a platform specialising in DEFI investment and solution search, announced the signing of a Memorandum of Understanding (MoU) with KardiaChain, the first interoperable blockchain in Vietnam, to leverage strengths of both sides for the development of blockchain community.

With the strategic alliance, Decom Holdings and KardiaChain will boost business opportunities, toward optimising their core competencies to beef up blockchain development in Vietnam and the international market, according to a statement.

Under terms of the MoU, Decom Holdings takes the position as a strategic investor, participating in the restructuring of the financial system, capital structure, and systematising KardiaChain's products in Vietnam and global markets.

Chairman & Chief Executive Officer of Decom Holdings, Phan Duc Trung said: “We cooperate with KardiaChain, one of the few companies specialising in private blockchain that has deeply understood about technology and Vietnamese culture with the goal of boosting blockchain applications, in line with the National digital transformation programme to accelerate the access of Vietnamese businesses to blockchain applications.”

Decom Holdings will support KardiaChain’s ecosystem to be the fastest-growing technology company with competitive advantages.

KardiaChain’s founding members Huy Nguyen and Tri Pham will join strategic shareholders of Decom Holdings and be responsible for developing the company’s technology system and supporting its members.

Moreover, KardiaChain also jointly brings strategic development for solutions and services. These solutions will provide high security, enhance efficiency, transparency, costs saving as well as ensure the blockchain-driven digital transformation solutions.

-- BERNAMA

INNIO UNDERSCORES COMMITMENT AS SUSTAINABLE, GREENER ENERGY FUTURE CONTRIBUTOR

KUALA LUMPUR, Sept 23 (Bernama) -- INNIO has announced the publication of its inaugural Sustainability Report, ‘Together for a Sustainable Future’, as part of its ongoing commitment to environmental stewardship.

The theme of this report encompasses engagement of everyone -- with ‘together’ being the key word indicating responsibility of all stakeholders in a journey to shape a sustainable future, according to a statement.

The report highlights INNIO’s commitment to instituting a culture of transparency, providing progress updates and direction on INNIO’s global approach to sustainability covering its environmental, social, and governance (ESG) performance for 2020.

In continuing its sustainability journey, INNIO’s leadership and its Sustainability Review Board (SRB) laid out the company’s ESG goals and strategy which included the development and publication of its first Sustainability Report. 

The report details how INNIO is working responsibly to deliver communities, industry, and the public with access to sustainable, reliable, and economical power while creating and maintaining an innovative, diverse, inclusive, pleasant and safe working environment for its employees.

Further, as INNIO’s Jenbacher and Waukesha products, services and digital solutions help unlock the transition to a carbon neutral future, INNIO’s Sustainability Report provides its stakeholders with indicators on commitment and progress to reducing greenhouse emissions and initiatives around responsible resource management.

The Sustainability Report publication follows recent sustainability activities that include INNIO’s recognition by EcoVadis with a Silver business sustainability rating, and INNIO’s joining the United Nations Global Compact.

Each of these efforts underscores INNIO’s holistic and structured approach to incorporating sustainability across the company, considering the environment, employee development, health and safety, diversity and inclusion, as well as corporate responsibility.

Headquartered in Jenbach, Austria, INNIO is a leading provider of renewable gas, natural gas, and hydrogen-rich solutions and services for power generation and gas compression at or near the point of use.

More details at www.innio.com.

-- BERNAMA

DRUVA INTRODUCES THE INDUSTRY'S FIRST AND ONLY CURATED RECOVERY TECHNOLOGY FOR ACCELERATED RANSOMWARE RECOVERY

Bounce Back from Ransomware Attacks with Automated Recovery of Clean, Complete Data Sets, Eliminating Time Intensive Recovery Efforts

SUNNYVALE, Calif., Sept 22 (Bernama-BUSINESS WIRE) -- Druva Inc., the leader in Cloud Data Protection and Management, today introduced the industry’s first and only curated recovery technology, leveraging intelligent automation, for accelerated ransomware recovery. Adding to Druva’s ground-breaking Accelerated Ransomware Recovery module, Druva Curated Recovery mitigates the impact of a ransomware attack, building an uncorrupted, unencrypted and malware-free recovery point to ensure a successful recovery before one is ever initiated. Combining this comprehensive ransomware recovery module with Druva’s built-in security framework, businesses can now better protect critical data and recover faster with confidence.

Ransomware is one of the most popular methods used by hackers and malicious actors, and the average ransomware payment has surpassed $240,000 according to a new survey from IDC¹. Its lucrative nature has incentivized bad actors to expand the scope of their attacks, including the introduction of new variants designed specifically to encrypt or delete backup data, destroying organizations’ last line of defense and further incentivizing payment.

Traditional recovery from such an attack requires identifying a single point in time prior to the infection. However, because ransomware often enters a system months before it is detected, administrators are often forced to manually search for the most recent, unaffected versions of individual files or data sets. Now, by reviewing a comprehensive set of recovery points, Druva Curated Recovery can help identify the latest clean version of each file through recent changes, replacing a weeks-long, resource-intensive process with a radically simplified recovery workflow. Using Druva’s intelligent automation platform, IT teams can easily find the most recent clean version of all their data and return operations to normal faster.

“Being the victim of a ransomware attack doesn’t need to be a choice between paying an exorbitant ransom or halting operations while IT teams go through an intensive, manual recovery process,” said Jaspreet Singh, founder and CEO, Druva. “There’s no compelling reason to be held hostage by ineffective data protection technology. With our newest capabilities, every customer can gain the peace of mind of restoring their data with confidence.”

In addition to Druva’s Accelerated Ransomware Recovery, the Druva Cloud Platform offers a built-in security framework and multi-layer approach which is designed to be resilient against ransomware. The platform’s zero trust architecture ensures only customers have access to their data, while features such as excess deletion prevention stops ransomware from permanently deleting backups.

Learn more about Druva Curated Recovery at the Druva Cyber Resilience Virtual Summit on Oct. 13, where attendees will have the opportunity to hear from thought leaders and peers about how organizations are fighting back against increasingly sophisticated cyberattacks. Attendees will leave with actionable information on emerging best practices that span data protection and recovery and how to integrate modern security and backup technologies.

From Our Customers and Partners on the Front Lines of Protecting Organizational Data

Technologent is the premier Global Edge-to-Edge™ IT Services company that delivers agile solutions for accelerating digital transformation.
“The threat of ransomware is not something we, or our customers can afford to ignore, thus we continue to evaluate technologies to ensure we have the best solutions to offer our clients,” said Juan Gomez, Director of Data Management and Protection at Technologent. “Data protection and Security are converging, and in our evaluations, Druva’s architecture clearly sets it apart, and its ransomware recovery capabilities are outstanding. The Druva Curated Recovery is innovative, and we are eager to help our clients take advantage of this new capability.”

CDL Electric, founded in 1964, operates in the trades, railroad, and manufacturing sectors serving over 50,000 customers in over 40 states.
“Many years ago, we fell victim to a ransomware attack, which disrupted our operations, but more importantly served as a pivotal moment in the rethinking of our security and operations,” said Hugo Flores, Director, Information Technology & Special Projects, CDL Electric. “In that first instance, without any insights, we restored the data and also brought back the ransomware, forcing us to restart the whole process. At our current size, such an event would have a catastrophic impact on our organization. With technologies like Druva, with its ability to rapidly recover, we are confident we can minimize such disruptions and get back to business quickly.”

Build Group is a San Francisco-based general contracting company that takes on all aspects of construction from structural design and foundations to interiors and finish work.
“Ransomware can sit in systems undetected for weeks or months at a time, making it incredibly difficult to recover with clean, uninfected files,” said Adam Kailian, IT Systems Administrator, Build Group. “Druva Curated Recovery gives us the peace of mind that we have clean backups readily available if we ever need to restore from a ransomware attack. Combined with the fact that Druva can also help us quickly identify anomalies in our backups, brings a lot of value to our organization.”

About Accelerated Ransomware Recovery

Druva’s Accelerated Ransomware Recovery brings Druva Cloud Platform customers powerful capabilities to reduce data loss via intelligent automation and orchestration, as well as integrations with security information and event management (SIEM) and security orchestration, automation and response (SOAR) tools:

• Access Insights: Understand location and identity for all access attempts to gain situational awareness
• Anomaly Detection: Gain data-level insights on file changes, creation, recovery, and deletion. Users can create alerts for anomalous activity and use anomaly information to identify the timeframe of an attack
• Quarantine: Quickly quarantine infected systems and snapshots
• Recovery Scans: Scan snapshots for known malware and customer-provided indicators of compromise before restoring to avoid reinfection
• Curated Snapshots: Automatically recover the most recent clean version of every file within a specified time frame, dramatically reducing recovery time

Additional Information

• Infographic: Learn more about the state of ransomware and how Druva helps businesses recover with confidence
• Blog: Read more technical details about the new Druva Curated Recovery
• Register: for Druva Cyber Resilience Summit 2021 (North America, EMEA, APAC) and view the session details and speaker biographies

About Druva Cloud Platform

Built for the public cloud with a microservices architecture, Druva Cloud Platform is secure by design, always up-to-date, and offers all-inclusive, consumption-based pricing. As the industry’s largest cloud-native SaaS platform operating at scale, Druva Cloud Platform enables organizations to centrally protect data, no matter where it lives: cloud environments, leading SaaS applications such as Microsoft 365, Google Workspace and Salesforce, hybrid environments, or edge devices. By leveraging this innovative SaaS platform, organizations can reduce the cost and complexity of data protection, accelerate and protect cloud projects and increase cyber resilience and regulatory compliance.

About Druva

Druva delivers Data Protection and Management for the cloud era. Druva Cloud Platform is built on AWS and offered as-a-Service; and its customers have driven down costs by up to 50 percent by freeing themselves from the burden of unnecessary hardware, capacity planning, and software management. Druva is trusted by thousands of companies worldwide, including over 50 of the Fortune 500. Druva is a privately held company headquartered in Sunnyvale, California and its investors include Sequoia Capital, Viking Global Investors, CDPQ, Neuberger Berman, Tenaya Capital, Riverwood Capital and Nexus Partners. Visit druva.com and follow us on LinkedIn, Twitter and Facebook.

¹ IDC, IDC 2021 Ransomware Study: Where You Are Matters!, Doc US48093721. Published 20 July 2021.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210921005330/en/

Contact

Jesse Caputo
Director of Corporate Communications & Analyst Relations
Druva Inc.
+1.516.815.2836
jesse.caputo@druva.com

Source : Druva Inc.

--BERNAMA