Sompo International Appoints Vicky Sarjeant As Head Of Energy Insurance, APAC

KUALA LUMPUR, Aug 30 (Bernama) -- Sompo International Holdings Ltd, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Vicky Sarjeant as Head of Energy Insurance, Asia Pacific (APAC).

In a statement, Sompo International said she will be based in Singapore and report to President of Commercial Lines, Insurance, APAC, Paul O’Neill.

“With 17 years of knowledge and experience in both the London and Singapore markets, Vicky will be a valuable addition to our growing team in the APAC region.

“I look forward to working with her as we continue establishing our practice and growing our book of business,” O’Neill said.

Before joining Sompo International, Sarjeant was an Energy Underwriter at Canopius Asia, covering the APAC and Middle East and North Africa regions. Previously, she held positions with Marsh Singapore and Miller Insurance in London.

A Bermuda-based holding company, Sompo International is an indirect wholly owned subsidiary of Sompo Holdings Inc, with more than 9,000 employees.

-- BERNAMA

SEAN CHEN NAMED STARR SINGAPORE CEO

KUALA LUMPUR, Aug 30 (Bernama) -- Starr Insurance (Starr) has named Sean Chen, a 14-year member of Starr’s global team as chief executive officer (CEO) of Starr International Insurance (Singapore) Pte Ltd (Starr Singapore), effective Aug 28.

“We are fortunate to have an executive of Sean’s calibre, with extensive underwriting experience, to help us grow our presence in Asia. Sean’s advancement underscores Starr’s strength as a place where people can thrive along with the company,” said Starr chairman and CEO, Maurice R. Greenberg in a statement.

Succeeding Phil Finley as CEO of Starr Singapore, Chen most recently served as Starr’s regional manager for Korea, Taiwan and Japan for property, energy and construction.

Previously served as a senior property underwriter in Starr’s Hong Kong office, he has over 25 years of underwriting and client relations experience on both the insurance carrier and broker sides of the business, including his time at Starr.

Meanwhile, Finley recently relocated to Thailand as CEO of Starr International Insurance (Thailand) Public Company Limited, to oversee the expansion of that important new venture for Starr while continuing to lead Starr’s Asia operations as president, Asia Pacific Region.

An insurance and investment organisation with a presence in six continents, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.

-- BERNAMA

MITSUKOSHI BGC MALL OPENS IN MANILA

KUALA LUMPUR, Aug 29 (Bernama) -- Isetan Mitsukoshi Holdings Ltd and Nomura Real Estate Development Co Ltd recently held a grand opening ceremony for Mitsukoshi BGC, a commercial facility, in Manila, the Philippines.

The first commercial facility operated by the Isetan Mitsukoshi Group in the Philippines, is part of a large-scale, mixed-use residential and commercial development project being pursued in partnership with leading Philippine developer Federal Land Inc based in Makati.

According to a statement, based on the concept of "Next Manila Lifestyle”, Mitsukoshi BGC will continue striving to make the mall a place that enriches daily lives of visitors and residential tower residents.

Isetan Mitsukoshi Holdings Director, President and Chief Executive Officer, Toshiyuki Hosoya said this year marks the 350th year of Mitsukoshi in which it has continued innovation to enrich daily lives of its customers, since its founding.

“Our policy is characterised by two features: hospitality (customer-first principle) and partnership (win-win relationship), and in the Philippines, we will maintain this business philosophy for our customers and business partners.

“I am certain that a new sensation takes hold as you visit Mitsukoshi BGC after enjoying a shopping experience at Mitsukoshi and Isetan department stores in Japan. I hope you will share our belief that we are proposing a culture, not products,” he added.

Meanwhile, Nomura Real Estate Holdings Inc Chair and Director, Eiji Kutsukake said: “We will endeavour to enable Mitsukoshi BGC to establish a unique position as a Japanese entity, to gain familiarity among locals, and to contribute extensively to the development of BGC and other areas across the Philippines.”

The ceremony was held in an atmosphere with a touch of Japan's seasonal festival "matsuri", with events such as performance of Japanese drums as well as a performance of Japanese calligraphy.

-- BERNAMA

Catcha Investment Notified On Late Form 10-Q Filing

KUALA LUMPUR, Aug 29 (Bernama) -- Catcha Investment Corp (Catcha) announced that New York Stock Exchange Regulation Inc, has notified the company that it was not in compliance with NYSE American’s continued listing standards because it did not timely file its Quarterly Report on Form 10-Q for the quarter June 30, which was due on Aug 21.

In accordance with Section 1007 of the NYSE American Company Guide, the company will have six months from the date of the notice (Initial Cure Period), to file the Form 10-Q with the Securities and Exchange Commission (SEC).

If Catcha fails to file the Form 10-Q during the Initial Cure Period, NYSE American LLC (Exchange) may, in its sole discretion, provide an additional six-month cure period (Additional Cure Period).

The company can regain compliance with the Exchange’s continued listing standards at any time during the Initial Cure Period or Additional Cure Period, as applicable, by filing the Form 10-Q and any subsequent delayed filings with the SEC.

On Aug 14, Catcha filed a notification of late filing on Form 12b-25, indicating that the filing of its Form 10-Q will be delayed.

Although the company has dedicated significant resources to the completion of finalising its consolidated financial statements and related disclosures for inclusion in the Form 10-Q, it was unable to file the form prior to the prescribed due date, the extension period provided by the Form 12b-25.

In a statement, Catcha said additional time is needed to complete its review of the financial statements included in the Form 10-Q in order to ensure a complete, accurate form.

The company intends to file the Form 10-Q as soon as practicable and in any event within the above-referenced six-month period.

Catcha is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganisation, or similar business combination with one or more businesses.

-- BERNAMA

TOSHIBA DEVELOPS INDUSTRY'S FIRST 2200V DUAL SILICON CARBIDE(SIC) MOSFET MODULE THAT CONTRIBUTES TO HIGH EFFICIENCY AND DOWNSIZING OF INDUSTRIAL EQUIPMENT

^{Toshiba: MG250YD2YMS3, the industry's first 2200V dual silicon carbide(SiC) MOSFET module. (Graphic: Business Wire)}


KAWASAKI, Japan, Aug 29 (Bernama-BUSINESS WIRE) -- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has developed “MG250YD2YMS3,” the industry’s first^[1] 2200V dual silicon carbide (SiC) MOSFET module for industrial equipment. The new module has a drain current (DC) rating of 250A and uses the company’s third generation SiC MOSFET chips. It is suitable for applications that use DC1500V, such as photovoltaic power systems and energy storage systems. Volume shipments start today.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230828128640/en/

 

Industrial applications like those mentioned above generally use DC1000V or lower power, and their power devices are mostly 1200V or 1700V products. However, anticipating widespread use of DC1500V in coming years, Toshiba has released the industry’s first 2200V product.

MG250YD2YMS3 offers low conduction loss with a low drain-source on-voltage (sense) of 0.7V (typ.)^[2]. It also offers lower turn-on and turn-off switching loss of 14mJ (typ.)^[3] and 11mJ (typ.)^[3] respectively, an approximately 90% reduction^[4] against a typical silicon (Si) IGBT. These characteristics contribute to higher equipment efficiency. Realizing low switching loss also allows the conventional three-level circuit to be replaced with a two-level circuit with a lower module count, contributing to equipment miniaturization.

Toshiba will continue to meet the market needs for high efficiency and the downsizing of industrial equipment.

Notes:
[1] Among dual SiC MOSFET modules. Toshiba survey, as of August 2023.
[2] Test condition: I_D=250A, V_GS=+20V, T_ch=25°C
[3] Test condition: V_DD=1100V, I_D=250A, T_ch=150°C
[4] Toshiba comparison of switching loss for a 2300V Si module and MG250YD2YMS3, the new all SiC MOSFET module, as of August 2023 (performance values for the 2300V Si module is a Toshiba estimate based on papers published in or before March 2023.)

Applications
Industrial Equipment
- Renewable energy power generation systems (photovoltaic power systems, etc.)
- Energy storage systems
- Motor control equipment for industrial equipment
- High frequency DC-DC converter, etc.

Features

• Low drain-source on-voltage (sense):
  V_DS(on)sense=0.7V (typ.) (I_D=250A, V_GS=+20V, T_ch=25°C)
• Low turn-on switching loss:
  E_on=14mJ (typ.) (V_DD=1100V, I_D=250A, T_ch=150°C)
• Low turn-off switching loss:
  E_off=11mJ (typ.) (V_DD=1100V, I_D=250A, T_ch=150°C)
• Low stray inductance:
  L_sPN=12nH (typ.)

Follow the link below for more on the new product.

MG250YD2YMS3

Follow the link below for more on Toshiba’s SiC Power Devices.
SiC Power Devices

* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.
The company's 21,500 employees around the world share a determination to maximize product value, and promote close collaboration with customers in the co-creation of value and new markets. With annual sales approaching 800-billion yen (US$6.1 billion), Toshiba Electronic Devices & Storage Corporation looks forward to building and to contributing to a better future for people everywhere.
Find out more at https://toshiba.semicon-storage.com/ap-en/top.html

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230828128640/en/


Contact

Customer Inquiries:
Power Device Sales & Marketing Dept.
Tel: +81-44-548-2216
Contact Us

Media Inquiries:
Chiaki Nagasawa
Digital Marketing Dept.
Toshiba Electronic Devices & Storage Corporation
semicon-NR-mailbox@ml.toshiba.co.jp

Source : Toshiba Electronic Devices & Storage Corporation

VAHANNA SHAREHOLDERS APPROVE ROADZEN BUSINESS COMBINATION

KUALA LUMPUR, Aug 29 (Bernama) -- Roadzen Inc (Roadzen) and Vahanna Tech Edge Acquisition I Corp (Vahanna), a publicly traded special purpose acquisition company, announced their previously declared business combination was approved at Vahanna’s shareholders special meeting on Aug 25.

In a statement, Roadzen said approximately 83 per cent of the shareholders voted in favour of the business combination.

It stated that subject to the satisfaction of customary closing conditions, the transaction is expected to close in September 2023.

The combined company will be renamed Roadzen Inc, and its shares and warrants are expected to begin trading on Nasdaq under the symbols “RDZN” and “RDZNW”, respectively, one day following the closing date.

Steve Carlson, who will serve as Roadzen’s Chairman following the closing of the business combination, said: “We believe that the company and its vertical AI narrative will remain captivating for years ahead.

“Roadzen's journey highlights rapid growth, solid foundations, and groundbreaking technology, all under the guidance of a visionary CEO and a stellar global team. As Roadzen cements its leadership in AI, mobility and insurance, we are thrilled to be listing this extraordinary company on Nasdaq.”

A global insurance technology company, Roadzen is on a mission to transform global auto insurance powered by advanced artificial intelligence (AI), with 400 employees across its global offices in the United States, India, the United Kingdom and France.

-- BERNAMA

Nippon Express (South Asia & Oceania) To Host India Logistics Webinar

KUALA LUMPUR, Aug 28 (Bernama) -- Nippon Express (South Asia & Oceania) Pte Ltd (NXSAO), a group company of Nippon Express Holdings Inc will be conducting a webinar on the logistics situation in India on Sept 11 and 12.

The increasing globalisation of business has drawn particular attention to India as a growth market and this webinar will provide basic information on doing business in the country as well as a detailed look at the logistics situation there.

Also included in the webinar will be an introduction to Nippon Express (India) Private Limited.

According to a statement, all companies are invited to join the webinar, including those currently considering entering the huge Indian market as well as those already doing business in the country.

The webinar is free of charge with attendance limited to the first 800 participants, and deadline for registration is on Sept 4.

-- BERNAMA

TDCX Q2 Profit Up 9.4 Pct To US$21.6 Mln

KUALA LUMPUR, Aug 24 (Bernama) -- TDCX Inc (TDCX), an award-winning digital customer experience (CX) solutions provider, posted a profit of US$21.6 million for the second quarter ended June 30, an increase of 9.4 per cent from US$19.8 million in the same quarter last year. (US$1=RM4.64)

Revenue for the quarter grew 5.5 per cent year-on-year (y-o-y) to US$126.2 million from US$119.7 million, including a 5.8 per cent point negative impact of foreign exchange rates compared with the prior year period, and up 11.3 per cent in constant currency terms.

TDCX Chief Executive Officer and Founder, Laurent Junique said this quarter, the company continued to demonstrate resilience amid an uncertain macroeconomic environment.

“In this challenging landscape, our focus remains on having a steadfast approach to operational excellence, value-adding to our clients through our consulting services, and exercising discipline in managing our business. This focus has also enabled us to increase our revenue from clients outside the top five by 67 per cent y-o-y.

“I am confident that our ability to help clients design and implement solutions for increasingly complex customer needs and our investments into capabilities including artificial intelligence (AI) put us in an advantageous position for growth in the long term,” he said in a statement.

Meanwhile, client count jumped 52 per cent y-o-y, bringing the total to 91 as of June 30, compared to 60, in the same period, last year.

New launched clients include an established global e-commerce platform, a rapidly growing fast-fashion e-commerce platform, and a leading global travel platform based out of Asia.

TDCX has also improved client diversification with revenue from clients outside the top five rose 67 per cent y-o-y; however revenue mix from top five clients lowered to 73 per cent in the second quarter this year, from 83 per cent in the same period last year.

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

-- BERNAMA

GUIDEPOINT CELEBRATES 20 YEARS OF INNOVATION

Constantly finding new ways to give clients the context they need to navigate the abundance of information available today.


New York, NY, Aug 24 (Bernama-GLOBE NEWSWIRE) -- This year, Guidepoint celebrates its 20th anniversary as a leading expert network and research enablement platform, offering solutions that allow clients to obtain essential knowledge to better inform their business decisions.

Since Guidepoint’s founding, the company has pursued its vision of making knowledge available to all by expanding to include 17 strategically located global offices, a network of 1.5 Million subject matter experts across all sectors, and a client list of more than 4,500 top organizations around the world.

In recent years, Guidepoint has expanded its product set to include Guidepoint Insights, offering access to more than 750 live events per month and a library of more than 23,000+ transcripts, and Guidepoint Qsight, an alternative data business focused on bespoke curation of market data in the MedTech, Therapeutics, and Aesthetics spaces.

“I'm proud of what Guidepoint has accomplished in the past 20 years, with the support of our dedicated employees, clients, and Advisors.” said Albert Sebag, CEO of Guidepoint. “While it’s important to celebrate our achievements, we’re already looking forward, positioning ourselves to expand our offerings and deliver on a promise of unparalleled expertise and ongoing innovation — offering knowledge solutions that can create a lasting impact for the firms we serve.”

As Guidepoint’s products have evolved, so has its focus. With an eye toward the future, the company is making significant investments in original content and technology, intent on serving the broader knowledge needs of its expanded roster of clients.

To learn more about Guidepoint, and the products and services they offer, visit their website at www.guidepoint.com.

About Guidepoint

Guidepoint is a research enablement platform designed to accelerate understanding and empower decision‑making through real-time access to data and hard-to-source knowledge. Backed by the world’s largest network of expertise, the company provides critical context and dimension on any topic, letting top companies and investors rapidly turn answers into action.


Mike Gold
Guidepoint
2123752984
marketing@guidepoint.com 

SOURCE : Guidepoint

SOMPO INTERNATIONAL NAMES ALASDAIR WALKER REGIONAL HEAD OF DISTRIBUTION, INSURANCE, APAC

KUALA LUMPUR, Aug 24 (Bernama) -- Sompo International, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Alasdair Walker as Regional Head of Distribution, Insurance, Asia Pacific (APAC).

In a statement, Sompo International said he will be based in Singapore and report to President of Commercial Lines, Insurance, APAC, Paul O’Neill.

O’Neill said Walker’s appointment represented a continuation of Sompo International’s expansion through high-calibre hires in the APAC region.

“His wide range of experience across distribution channels and product lines, coupled with his commitment to deliver superior client service, leaves him singularly well-positioned to further develop our network in APAC.

“I look forward to welcoming Alasdair to our growing Singapore insurance team as we accelerate our growth in this exciting market full of opportunity,” said O’Neill.

Walker joined Sompo International from Allianz, where he held positions in London, the United Kingdom; Johannesburg, South Africa; and most recently Singapore as Regional Head of Distribution, managing a team across seven locations.

A Bermuda-based holding company, Sompo International Holdings Ltd is an indirect wholly owned subsidiary of Sompo Holdings Inc, with more than 9,000 employees.

-- BERNAMA

THE LYCRA COMPANY UNVEILS INTELLECTUAL PROPERTY ENFORCEMENT INITIATIVE

KUALA LUMPUR, Aug 23 (Bernama) -- The LYCRA Company, a global leader in developing innovative and sustainable fibre and technology solutions for the apparel and personal care industries, has launched an intellectual property enforcement initiative in support of LYCRA FitSense technology.

According to a statement, this technology is an aqueous dispersion of the LYCRA brand polymer which can be printed onto fabrics and garments to give a localised power boost, resulting in shaping and compression benefits. It has been successfully adopted by both local China and leading international brands and retailers.

The LYCRA Company vice president of Asia, apparel, and president of the APAC region, Vincent Hu said the company was beginning to see products that were attempting to replicate its offering due to the significant benefits of LYCRA FitSense technology.

“Given our ownership of the intellectual property for this unique technology, it is appropriate that we exercise our rights to take the necessary legal action to deal with infringers,” he said.

Meanwhile, its chief legal officer, Catherine Spicer said producing in, or shipping and/or selling any fabric or garments into China, the United States (US), or other countries where The LYCRA Company holds patents over these technologies, is restricted to the company and its customers or other legitimate users of its technology.

This printable form of LYCRA brand technology is supported by a global patent portfolio related to print technologies that modify garments for shaping purposes through altering stress-strain properties of fabrics, in which LYCRA FitSense technology also benefits from the trademark protection.

The technology is used primarily in garments such as shapewear, activewear, swimwear, intimate apparel and leggings, where lightweight single-layer printed fabrics can give the benefits normally associated with double layer or heavy fabrics, resulting in fewer materials being used.

This new intellectual property enforcement initiative for LYCRA FitSense technology builds off previous successful enforcement by The LYCRA Company, most recently in the denim industry in China linked to LYCRA dualFX technology.

Headquartered in Wilmington, Delaware, US, it holds in excess of 950 patents with almost 80 granted or filed in 2022 and treats intellectual property development as a core tenet of its long-term business strategy.

-- BERNAMA

INVNT.ATOM INTRODUCES PATENT PENDING, INTERACTIVE PLATFORM INTEGRATING IMMERSIVE STORYTELLING INTO VIRTUAL WORLDS

KUALA LUMPUR, Aug 22 (Bernama) -- INVNT.ATOM, the digital and Web3 innovation division of [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT, has launched BZAR, the group’s patent-pending, self-funded, content-led digital platform, built exclusively for brands and fans.

According to INVNT.ATOM in a statement, the now available-to-demo platform enables next-gen collaboration, connection and co-creation with communities in the virtual world.

With BZAR, brands can create custom and immersive experiences tailored precisely to their needs utilising curated photorealistic environments, proactive immersive commerce, and Web3 integrated features to engage with their consumers, build communities, and drive new commercial opportunities.

[INVNT GROUP] President & Chief Executive Officer (CEO) and INVNT.ATOM CEO, Scott Cullather said the group has always been at the forefront of creating compelling and impactful brandstories worldwide, and saw Web3 and its proprietary virtual platform, BZAR, as a critical component of any successful marketing strategy and the next great frontier of brandstory.

“Built upon WebGL and WebGPU, our scalable platform features a comprehensive suite of tools that bring brand narratives to life in virtual worlds with features such as multiplayer interaction, real-time communication and synchronised video streaming.

“With 29 unique patent claims, BZAR revolutionises new and existing revenue streams for brands based on their specific strategic needs; while engaging their communities with always-on, custom-curated interactive experiences,” he said.

Meanwhile, [INVNT GROUP] APAC Managing Director, Laura Roberts said BZAR was built for brands to seize on the possibilities enabled by this wave of emerging technologies.

“BZAR is a canvas for creativity and consumer connection, integrating new technologies such as AI-adapted mechanisms that can generate unimagined virtual worlds and environments,” she said.

Key features and Web3 integrations of the BZAR platform include expansive environments; NFT ticketing; cross-platform; avatar creation and customisation; social integration; interactive actions; audio triggers; marketplace; as well as mini-games and private rooms for friends.

INVNT.ATOM, is an innovation and brand experience agency devoted to helping global brands chart a course, navigate, activate and create new opportunities at the digital frontier of Web3, while [INVNT GROUP] was established as an evolution of the founding global live brand storytelling agency INVNT.

-- BERNAMA

CATCHING A GLIMPSE: WHALE WATCHING IN JANGSAENGPO, SOUTH KOREA

Attractions in Jangsaengpo Whale Culture Special Zone in Namgu Ulsan (Photo: Namgu Ulsan Metropolitan City)

 KUALA LUMPUR, Aug 22 (Bernama) -- The Tourism Division of Namgu Ulsan Metropolitan City recently hosted a second press tour with foreign journalists in Korea, following the first one in May, to promote the appealing Jangsaengpo to foreign media outlets.

A beach town in Ulsan's Nam-gu district, Jangsaengpo is a popular tourist destination which was designated as a Whale Culture Zone in 2008. Also launched was a ‘Jangsaengpo whale watching cruise’, making it the only city in Korea where whales can be observed.

According to Namgu Ulsan Metropolitan City in a statement, August is the ideal month to go whale watching because of the abundance of plankton at sea.

The Whale Culture Zone combines history and culture through a variety of whale-themed attractions and programmes, including the Whale Culture Village, Whale Museum, Whale Ecology Experience Center, and monorail.

Throughout the four seasons, the Whale Culture Village hosts theme-specific festivals such as the Whale Festival, Hydrangea Festival and Horror Festival.

Meanwhile, located within the Whale Culture Village, Jangsaengpo Old Town is popular with foreign tourists, as they have the chance to play the ‘Rose of Sharon Blooms’, a popular game that appeared on Squid Game, Netflix’s popular series, and make the Korean sugar candy ‘Dalgona’.

-- BERNAMA

QR Code Payments In Southeast Asian Market Rise To 90 Bln By 2028 - Juniper Research

KUALA LUMPUR, Aug 21 (Bernama) -- The volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028, according to a new study from Juniper Research.

According to Juniper Research in a statement, high growth in Southeast Asia and other developing markets is largely down to financial inclusivity that QR payments offer; enabling unbanked users to access digital payments.

Conversely, Western markets have seen very limited adoption; highlighting the global divide in QR payment markets.

The report found national QR payment schemes, including India’s Unified Payments Interface (UPI) and Brazil’s Pix, an instant payment platform, played a key role in encouraging market adoption, with their success driving implementation of national schemes this year in Kenya and Bangladesh.

However, it found significant growth to market volume will come from cross-border interoperability within Southeast Asian markets.

While international interoperability has been offered from payment providers like Alipay for years, national QR payment standards are now unifying across borders; enabling wider interoperability.

Indonesia, Malaysia and Thailand have already unified their payment standards; enabling businesses to accept payments from international visitors using their domestic digital wallets, while Singapore and the Philippines set to collaborate by year-end; further unifying payments across the region.

The adoption of QR payments overall in the west remains low, but the research identified the area of QR peer-to-peer (P2P) bank transfers has gained significant traction since 2022, with Belgium’s Payconiq and Spain’s Bizum used by a significant proportion of users.

Furthermore, Revolut and Vipps MobilePay have been promoting P2P and business-based QR solutions across Europe through reduced transaction fees. To maximise adoption, payment providers should focus on offering competitive pricing versus established local payment methods.

-- BERNAMA

Cellebrite Supercharges Corporate Investigative Capabilities with New SaaS Offering

TYSONS CORNER, Va. and PETAH TIKVA, Israel and ORLANDO, Fla., Aug 22 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced at ILTACON 2023 a new SaaS offering for corporate investigations and eDiscovery —Endpoint Mobile Now. This new offering will be the first Cellebrite SaaS solution for private sector customers, with Endpoint Inspector expected to be available as a SaaS option later this year.

Endpoint Mobile Now is designed to empower corporations, law firms and service providers to scale remote data collection across iOS and Android devices by leveraging Cellebrite’s SaaS infrastructure. Designed specifically for the private sector, Endpoint Inspector provides an all-in-one solution that allows examiners to legally access data, with custodians being aware that information is being collected from their devices and given their consent to remotely collect data from mobile devices, computers and cloud.

"With this new online and on-demand technology, organizations can rapidly and securely collect and preserve data for litigation or internal investigations before it is compromised or deleted," said Ken Basore, General Manager for Cellebrite Enterprise Solutions. "Endpoint Mobile Now leverages Cellebrite’s patent-pending remote collection platform in a SaaS environment and is purpose-built to meet the growing need from attorneys to access, collect and preserve mobile data necessary for civil litigation and internal investigations."

Endpoint Mobile Now provides e-discovery capabilities and a comprehensive forensic platform, enabling accurate, quick and secure data collection, management and review. Aligning specifically to organizations’ evolving budgetary requirements, Endpoint Mobile Now allows organizations to pay for collections as needed, thereby freeing up precious financial capital and IT resources.

Cellebrite’s SaaS infrastructure ensures the platform is able to adapt quickly in the constantly changing environment of mobile device applications and operating system updates and patches and evolves in real-time, regardless of device type, operating system or application. The solution also enables simultaneous remote collection of multiple mobile devices, allowing for rapid data preservation and discovery of relevant evidence, without exorbitant resource spend.

For more information on Cellebrite Endpoint Intelligence, please visit here.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

About Cellebrite Enterprise Solutions

In a world that’s evolving rapidly, Cellebrite Enterprise Solutions looks beyond the horizon to design solutions to keep data within reach, transform it, and reveal important insights to protect your business and employees. From headquarters to home office, eDiscovery professionals and corporate investigators can access endpoints anywhere with Cellebrite’s enterprise solution offerings.

Caution Regarding Forward-Looking Statements

This presentation includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to estimated financial information for fiscal year 2023 such as revenue, ARR, adjusted EBITDA and earnings as well as statements related to the performance, strategies, prospects, and other aspects of Cellebrite’s business are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the purchase, acceptance and use of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; failure to manage its growth effectively; Cellebrite’s ability to introduce new solutions and add-ons; its dependency on its customers renewing their subscriptions; the low volume of business Cellebrite conducts via e-commerce; risks associated with the use of artificial intelligence; the risk of requiring additional capital to support the growth of its business; risks associated with higher costs or unavailability of materials used to create its hardware product components; fluctuations in foreign currency exchange rates; lengthy sales cycle for some of Cellebrite’s solutions; near term declines in new or renewed agreements; risks associated with inability to retain qualified personnel and senior management; the security of Cellebrite’s operations and the integrity of its software solutions; risks associated with the negative publicity related to Cellebrite’s business and use of its products; risks related to Cellebrite’s intellectual property; the regulatory constraints to which Cellebrite is subject; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint, ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti-corruption, trade compliance, anti-money-laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20-F filed with the SEC on April 27, 2023 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission, which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Media

Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investor Relations

Andrew Kramer
Vice President, Investor Relations
investors@cellebrite.com
+1 973.206.7760

SOURCE : Cellebrite Inc.

Korea P&I Club’s Credit Ratings Affirmed Good - AM Best

KUALA LUMPUR, Aug 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Korea P&I Club (KP&I), South Korea.

According to AM Best in a statement, the outlook of these credit ratings (ratings) is stable, reflecting the wide range of support that KP&I receives from the South Korean government.

The ratings also reflect KP&I’s balance sheet strength, which AM Best assessed as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

KP&I’s risk adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy ratio, and it is expected to remain at that level over the intermediate term.

The company’s balance sheet strength is underpinned by its low underwriting leverage and a highly conservative investment portfolio.

Despite various underwriting initiatives, KP&I’s underwriting performance remained deteriorated and volatile in recent years following changes in its reinsurance structure, with higher net retention and a loss-sensitive commission scheme on proportional treaties, after a large loss in 2019.

Nevertheless, KP&I has implemented stronger and more direct mitigation actions, such as general premium increases and non-renewal of historically unprofitable policies, AM Best expects KP&I’s underwriting fundamentals and profit volatility to improve over the coming years.

Underpinned by its strategic role to support the long-term development of maritime infrastructure in South Korea, KP&I receives a wide range of support from the government, including subsidies, corporate tax exemption, no dividend payout policy to its members, as well as overseas marketing and diplomatic efforts.

-- BERNAMA

HENRY GOLDING INVITED BY HONG KONG TOURISM BOARD TO UNCOVER CITY'S HIDDEN GEMS

KUALA LUMPUR, Aug 17 (Bernama) -- The Hong Kong Tourism Board (HKTB) invited international actor Henry Golding to embark on an exhilarating trip in Hong Kong, this summer.

Golding, who rose to fame in 2018 starring in Crazy Rich Asians, explored and recommended popular attractions and hidden gems in the city to global audience, through his perspective.

“Hong Kong has truly captured my heart. What I love most about the city is the pure diversity. Everybody says Hong Kong is such a melting pot of all of Asia, and it truly is.

“Every corner, every moment on the street is such a mix of old and new, from the buildings to the people, and to all walks of life. Hong Kong is so unique and unlike elsewhere of the world,” said the Malaysian English superstar about re-visiting the energetic city.

Embarking from the comfort of his hotel suite overseeing the breathtaking skyline of Victoria Harbour, Golding blazed through Hong Kong's iconic landmarks and hidden treasures in a flash, all within his tightly packed schedule.

According to HKTB in a statement, he embraced the diverse array of experiences that Hong Kong has to offer, indulging in delectable meals at luxurious restaurants, as well as immersing himself in the city's rich cultural heritage at temples and traditional barber shops.

As Golding ventured, he engaged in heartfelt exchanges with the locals, eagerly shared his reflections on the trip and invited travellers to uncover the off-the-beaten-path gems and unique offerings that make Hong Kong an unforgettable destination.

-- BERNAMA

HEURON TO SHOWCASE SOLUTIONS AT SINGAPORE NEURORADIOLOGY CONGRESS

Heuron, a medical AI solution company, participates in the Asian-Oceanian Congress of Neuroradiology 2023 (AOCNR 2023), which is held in Singapore from August 18th. Heuron showcases its neurodegenerative disease AI solution such as Heuron AgingCare Suite, and its integrated stroke solution, Heuron StroCare Suite, to engage in global collaborations and partnerships. (Graphic: Business Wire)

 
KUALA LUMPUR, Aug 17 (Bernama) -- Heuron, a medical artificial intelligence (AI) solution company, announced its participation in the Asian-Oceanian Congress of Neuroradiology 2023 (AOCNR 2023) which will be held in Singapore from Aug 18-20.

An international academic conference organised by the Asian Oceanian Society of Neuroradiology, AOCNR gathers over a thousand medical professionals from Asia, Oceania, North America, Europe and the rest of the world.

Heuron Chief Executive Officer, Donghoon Shin said the company was seeing significant interests in its products from Asian countries, and actively expanding its business presence.

“At the AOCNR 2023, we aim to strongly enhance competitiveness of our products, and seek partnerships with various institutions and medical professionals through research collaborations, demo presentations, and more,” he said in a statement.

During this event, Heuron will showcase its neurodegenerative disease AI solution such as Heuron AgingCare Suite, and its integrated stroke solution, Heuron StroCare Suite, to engage in global collaborations and partnerships.

Heuron AgingCare Suite includes neurodegenerative diseases solutions for Parkinson's disease (Heuron IPD and Heuron NI), and Alzheimer's disease (Heuron AD and Heuron Brain PET).

Meanwhile, Heuron StroCare Suite is an integrated AI solution that enables one-stop classification of patients with cerebral hemorrhage and cerebral infarction with non-contrast computed tomography (CT).

Heuron offers diagnostic AI software that automatically quantitatively analyses neurodegenerative brain disorders' medical images including Parkinson's disease, dementia, and strokes to aid accurate and swift decision-making by medical professionals.

-- BERNAMA

NX IRELAND NEW WAREHOUSE IN DUBLIN CITY BEGINS OPERATIONS

KUALA LUMPUR, Aug 16 (Bernama) -- Nippon Express (Ireland) Ltd (NX Ireland), a group company of Nippon Express Holdings Inc has established a new warehouse, "Contract Logistics Center" in Dublin city, which began its operations early last month.

Suitable for both air and sea transportation, the new "Contract Logistics Center" established by NX Ireland is located about three kilometres (km) from Dublin Airport and about 12 km from Dublin Port.

According to a statement, NX Ireland has installed a clean room equipped with environmental requirements (temperature/humidity/dust/electrostatic management) necessary for handling semiconductors and electronic components.

Additionally, the facility is equipped to handle the storage and transportation of pharmaceuticals, and the company offers high-quality services to customers in the pharmaceutical and semiconductor-related industries.

Ireland is one of the world's leading pharmaceutical exporters and one of the countries with remarkable growth in the pharmaceutical field.

It is also expected to grow in technology industries such as semiconductors as well as information and communication technologies, with many international companies have bases in Ireland for research and development, and production.

The Nippon Express Group aims to expand logistics services in Europe via the establishment of the new warehouse and to contribute to further development of customer business activities by expanding logistics functions globally.

-- BERNAMA

100,000 Asian Games Tickets Up For Grabs

KUALA LUMPUR, Aug 10 (Bernama) -- Hangzhou, the host city of the 19th Asian Games, is thrilled to launch the second batch of "Asian Games Gift Packs" welcoming global tourists to visit the City of Living Poetry.

According to a statement, the "Asian Games Gift Packs" for global tourists is a digital tourism marketing campaign launched in June this year, and has received enthusiastic responses from both local and international tourists alike.

The gift packs are distributed through a series of sweepstakes. The second batch of gift packs will open for application until Aug 10, and winners of the first and second sweepstakes have the opportunity to win 100,000 Asian Games tickets.

For international visitors, registration is accessible via the official website of Hangzhou Municipal Bureau of Culture, Radio, TV and Tourism while domestic tourists can join by searching "Asian Games" on the Alipay platform and clicking into "One Pass" in the Smart Hangzhou 2022 mini programme in the app.

The gift packs can also be accessed via Fliggy app, Hangzhou Residents app and Discover Hangzhou mini programme.

Each gift pack includes a seven day complimentary Hangzhou subway pass, free tickets to 48 tourist attractions, and a prepaid phone card worth 100 Chinese yuan (approximately US$14). (US$1=RM4.57)

The total value of attraction benefits included in the pack is 3,000 Chinese yuan (approximately US$420) and it contains free tickets to famous scenic spots such as Xixi National Wetland Park and Thousand Island Lake.

In addition, winners can use the "One Pass" QR code in Alipay to take the subway, enjoy sight-seeing at various scenic spots, and appreciate the beauty of the Asian Games host city.

The "One Pass" in Smart Hangzhou 2022 mini programme, coupled with the "Asian Games Gift Packs", strives to provide all-in-one digital service experience for dining, transportation, travelling, sightseeing, shopping and entertainment, ultimately enhancing the Asian Games experience for global visitors.

-- BERNAMA

DUCK CREEK TECHNOLOGIES EXPANDS TO THE INDIAN MARKET, OFFERING ITS GLOBAL CORE TECHNOLOGY PLATFORM TO INDIA-BASED INSURANCE CARRIERS

The company’s Indian subsidiary signs its first full-suite customer partnership in the region with HDFC ERGO


Mumbai, Aug 10 (Bernama-GLOBE NEWSWIRE) -- Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, today announced a historical milestone with its expansion into the Indian general insurance market. Duck Creek Technologies India LLP now offers India-based insurers the ease, convenience, and power of modern cloud-based software-as-a-service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions. With this expansion, Duck Creek reinforces its market commitment by establishing its data center in India, supported by nearly 1,000 local employees.

In partnership with its first core systems full-suite India-based insurance customer, HDFC ERGO General Insurance Company Limited (“HDFC ERGO”), Duck Creek will deploy its intuitive, user-friendly, and powerful solutions to empower HDFC ERGO to take new products to market faster and significantly improve their customers’ experience throughout the policy lifecycle and across the insurer’s entire portfolio. Duck Creek's products and solutions will holistically bring a competitive advantage to HDFC ERGO across its entire system, portfolio and operations.

Speaking about the partnership, Sriram Naganathan, President and Chief Technology Officer, HDFC ERGO General Insurance, said, “As a leading insurer of the country, at HDFC ERGO, it has been our priority in adopting innovative technologies to address the evolving demands of our customers and offer them an enhanced customer experience. Being a digital insurer of scale, our partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of HDFC ERGO’s wide insurance solutions and enabling us to offer efficient delivery and more convenience for our customers. Duck Creek’s SaaS solution will empower our advanced AI/ML models, providing essential digital capabilities to meet the critical needs of our customers and partners."

Rohit Bedi, Chief Revenue Officer, Duck Creek Technologies, stated, “Our commitment to HDFC ERGO aligns with their outstanding vision to make insurance easier, more affordable, and more dependable for all the people in India. We are extremely proud to be a partner to HDFC ERGO, India’s leading insurance brand, in their journey to transform general insurance services in the region.” Bedi added, “This is a significant milestone in Duck Creek’s continued growth as a leading SaaS choice for insurers worldwide. Duck Creek’s partnership with HDFC ERGO is another proof point that our global technology solutions are geared towards enabling a more modern and efficient insurance enterprise.”

Drawing on its experience supporting the world’s largest insurers and reinsurers, Duck Creek will offer its suite of SaaS-based core insurance delivery solutions, including policy, claims, billing, rating and reinsurance, to help Indian general insurers innovate and modernize their products and services.

“Duck Creek is truly excited to enter the Indian insurance market with our global solutions. We want to empower insurance companies in India with hyper-personalized insurance solutions that help customers buy or service insurance from any device and anytime. Customers from all parts of India can feel secure knowing they are covered and can raise claims anytime,” said Shaji Sethu, Managing Director APAC, Duck Creek Technologies.

The Indian insurance market was valued at $127 billion in 2021 ($30 billion, represented in the non-life sector). It is anticipated to grow to over $200 billion by 2027, which presents an exciting opportunity for Duck Creek.

About HDFC ERGO

HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector banks, the Company has become a subsidiary of the Bank. HDFC ERGO is the second largest non-life insurance company in the Private Sector as on 31^st March 2023 based on gross premium garnered. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of retail policies issued digitally. HDFC ERGO’s technology platform has empowered the customers to avail 69% of the services digitally on a 24x7 basis with ~19% of the customer requests serviced by Artificial Intelligence-based tools. In FY23, the company has issued 1.22 crore policies and has settled ~50 lakhs claims. The Company has an active data base of 1.5+ crore customers. HDFC ERGO is present in 496 districts of the country through their 215 branches, 10,000+ employees and 1.8 lakhs agents and channel partners.

HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

Please log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Facebook: https://www.facebook.com/hdfcergo

Twitter: https://twitter.com/hdfcergogic

LinkedIn: https://www.linkedin.com/company/hdfcergo

YouTube: https://youtube.com/c/hdfcergo

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.


Carley Bunch
Duck Creek Technologies
+1201-962-6091
carley.bunch@duckcreek.com 

SOURCE : Duck Creek Technologies

Cellebrite Appoints Thomas E. Hogan as Executive Chairman of the Board

Seasoned Technology Leader to Partner with CEO Yossi Carmil to Further Company Growth and Strategic Priorities

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug 9 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, announced today that proven industry veteran, Thomas E. Hogan has been appointed Executive Chairman of the Board.

Based in Austin, Texas, Hogan brings a remarkable 40+ year track record of exceptional shareholder returns, client impact, and employee growth. He has significant expertise in strategic M&A, sales and marketing, international operations, and talent acquisition and development. During his career Tom has led numerous acquisitions totally nearly $8B including marquis targets such as Mercury Interactive and Opsware. His career includes over a decade as both a private and publicly held software CEO as well as senior executive posts ranging from late stage private to mega-cap public companies.

“Tom’s experience will be invaluable as we scale Cellebrite, extend our market leading digital intelligence solutions, and ultimately enable justice across the globe. I am excited to partner closely with Tom as we navigate our next chapter of growth and global impact,” said Yossi Carmil, CEO, Cellebrite.

“I look forward to my new partnership with Yossi, Haim Shani and the entire Cellebrite board, and the talented men and women across Cellebrite, as we build upon the impressive momentum of the company. I am especially enthused about the mission-driven purpose of this organization and our opportunity to better equip law enforcement and judicial systems worldwide,” said Thomas E. Hogan, Executive Chairman of the Board.

Hogan previously served as chairman and CEO of Kony, Inc, President and CEO of Vignette (VIGN), executive vice president of sales and marketing for Hewlett Packard, executive vice president of software for HP, executive vice president of CSC, chief sales officer at Siebel Systems, and most recently as a Operating Managing Director at Vista Equity Partners. He has held numerous public and private board positions including directorships at Citrix, Gainsight, Pluralsight, Drift, Vignette, Kony, Vastera, and Inforte. Tom holds a Masters in Management from Northwestern University and a B.S. in Biomedical Engineering from the University of Illinois.

Cellebrite’s current non-executive chairman, Haim Shani, will remain an active member of the board. Haim will leverage his extensive experience as the former CEO of NICE, the former Director General of the Israel Ministry of Finance, and his current role as founder and general manager of Israel Growth Partners, to further strengthen contributions from the Cellebrite board.

“On behalf of the entire Cellebrite board, I am pleased to welcome Tom to the Cellebrite team. Getting to know Tom as the head of the search committee and working with Yossi the past four years, I believe their combined strengths deliver the best leadership team in the industry. While I am passing the torch of chairman duties to Tom, I will continue to contribute as an active member of the Cellebrite board and look forward to working closely with Tom and the Cellebrite management team as we continue our journey,” said Haim Shani, former Cellebrite chairman.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes.

Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Caution Regarding Forward-Looking Statements

This document includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include estimated financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of the business of Cellebrite are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: Cellebrite’s ability to develop technologically advanced solutions and successfully integrate with the software solutions used by customers; acceptance of solutions by customers; errors, failures, defects or bugs in solutions; a failure to maintain sales and marketing personnel productivity or hire, integrate and retain additional sales and marketing personnel; the impact of the global COVID-19 pandemic; the impact of competition on pricing and on Cellebrite’s market share; sub-optimal results from products due to misuse by customers; Cellebrite’s failure to maintain and enhance its reputation and brand; inaccuracy of the estimates of Cellebrite’s market opportunity and forecasts of market growth; changes to packaging and licensing models that adversely affect the ability to attract or retain customers; failure to manage future growth effectively; failure to introduce new solutions and add-ons; issues in the use of artificial intelligence resulting in reputational harm or liability; the need for additional capital to support the growth of Cellebrite’s business; a failure to maintain the security of operations and the integrity of software solutions; the impact of government budgeting cycles and appropriations, early termination, audits, investigations, sanctions and penalties; a decline in government budgets, changes in spending or budgetary priorities, or delays in contract awards; a failure to adequately obtain, maintain, protect and enforce Cellebrite’s intellectual property or infringement of the intellectual property rights of others; perceptions or court or regulatory decisions that Cellebrite’s solutions violate privacy rights; the use of solutions by customers in a way that is, or that is perceived to be, incompatible with human rights; failure to comply with laws regarding privacy, data protection and security, technology protection, sanctions, export controls and other matters; and other factors, risks and uncertainties set forth in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Annual Report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments, or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.


Cellebrite Contacts

Media
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investors
Andrew Kramer
VP, Investor Relations
Investors@cellebrite.com
+1 973.206.7760

A photo accompanying this announcement is available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/774b7b9d-8b12-4bd0-9ff6-ad1b46feb3e0



SOURCE : Cellebrite Inc.

NORTH RIDGE PARTNERS, GP BULLHOUND TIE UP EXCLUSIVE COLLABORATION

KUALA LUMPUR, Aug 9 (Bernama) -- North Ridge Partners (NRP) and GP Bullhound have announced an exclusive collaboration which will see NRP support GP Bullhound’s clients across Asia Pacific (APAC) while GP Bullhound support NRP’s clients across Europe, the United Kingdom (UK) and North America.

The partnership represents a formalisation of the firms’ multi-year relationship, adding to their mutual strength and depth in global coverage of technology investors and strategic consolidators.

In a statement, NRP said this will help unlock growth in key geographies, supporting founders and investors to access a thriving interconnected technology ecosystem.

“We are delighted to formalise our relationship with GP Bullhound. With our longstanding relationship with GP Bullhound, we are excited about the cultural alignment and special relationship we are developing.

“Together, we offer an extensive network in Southeast Asia, Australia and New Zealand, providing a comprehensive global toolkit for investors, founders and tech company boards,” said NRP Co-founder and Chair, Roger Sharp.

Meanwhile, GP Bullhound Co-founder and Managing Partner, Hugh Campbell said: “Our partnership with NRP represents a milestone in our mission to support exceptional technology companies as they scale worldwide.

“We are excited to collaborate with a like-minded and highly successful partner to accelerate our strong track records in these regions and provide the highest quality investment and advisory services to tech companies.”

Together, GP Bullhound and NRP have completed over 700 transactions serving both private and public tech companies in geographic destinations as diverse as Indonesia, Vietnam, Thailand, Singapore, Australia, China and New Zealand, with cross border transactions involving European, UK, APAC, and American acquirers and investors.

-- BERNAMA

CELLEBRITE WINS FIVE FORENSIC FOCUS 4:CAST AWARDS, REINFORCING STANDING AS DIGITAL INTELLIGENCE LEADER

Cellebrite wins across multiple categories, including DFIR Commercial Tool and DFIR Team of the Year

TYSONS CORNER, Va. and PETAH TIKVA, Israel and AUSTIN, Texas, Aug 8 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, is thrilled to win five prestigious 2023 Forensic Focus 4:cast Awards.

“Cellebrite’s nominations and awards highlight our leadership and commitment to continually innovate, delivering the most effective and advanced Digital Intelligence and investigative solutions to market,” says Leeor Ben-Peretz, Cellebrite Chief Strategy Officer. “This consistent recognition validates that Cellebrite’s Digital Intelligence platform is the dominant solution, fueled by the best leadership and R&D teams.”

Cellebrite is honored and excited to receive the following awards, emphasizing our industry prominence, product superiority and unsurpassed community engagement:

DFIR Commercial Tool of the Year: Received in recognition of the reliability and innovation of Cellebrite’s complete, end-to-end solution suite where every tool we produce speeds up and helps validate data pertaining to investigations.

DFIR Team of the Year: With acknowledgement Cellebrite as not only a vendor to the DFIR community but truly part of their team, working together side by side to promote the concept of “trust but verify”.

DFIR Blog of the Year: Received for 'Ask the Expert', a platform utilized to share our findings and insights with the community.

DFIR CTF (Capture the Flag) of the Year: Following its introduction in 2020, Cellebrite rapidly established its CTF event as industry standard for in-depth CTFs.

DFIR Social Media Influencer of the Year: Honoring Cellebrite’s Heather Mahalik—a consistent voice to the community through regular content, tips, tricks, and hints for the DFIR community. She also hosts frequent Cellebrite webinars and podcasts, including Tip Tuesdays, Fundamentals Matter, I Beg to DFIR, and our latest 'Dig For' YouTube series.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Media
Victor Cooper
Sr. Director of Corporate Communications + Content Operations
Victor.cooper@cellebrite.com
+1 404.804.5910

Investor Relations
Andrew Kramer
Vice President, Investor Relations
investors@cellebrite.com
+1 973.206.7760

Source: Cellebrite Inc.

JUNIPER RESEARCH: BANKING-AS-A-PLATFORM MARKET REVENUE SET TO GROW OVER 1,125% BY 2028, AS TRADITIONAL BANKS FIGHT BACK, JUNIPER RESEARCH STUDY FINDS

BASINGSTOKE, England, Aug 7 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research, the foremost experts in fintech, has found global revenue from BaaP (Banking-as-a-Platform) services will increase to $49 billion globally in 2028, from $4 billion in 2023.

The study argued BaaP can help traditional banks regain their competitive edge against neobanks. Through collaboration with innovative vendors, banks can offer new services from partners, including embedded insurance, lifestyle offers with leading brands, or access to HR services for small businesses.

Find out more about the new report, Banking-as-a-Platform: Market Forecasts, Trends & Strategies 2023-2028, or download a free sample.

What Is Banking-as-a-Platform?

Juniper Research defines Banking-as-a-Platform as: “A business model that enables third-party partners to build products and services for bank customers, most commonly a technology company that can provide APIs while the bank manages data exchange, oversees authentication and ensures compliance.”

The study argues banks can utilise partnerships with industry leaders to build upon their core banking model; helping them compete with fintechs by offering more user-friendly services. Compared with traditional acquisitions, BaaP partnerships are highly flexible and can be easier to integrate, as banks transition to API-focused models. By offering a wide range of services via BaaP, banks can gain a competitive edge without having to stray from their core business.

Digital Banks Must Capitalise on BaaP Marketplaces

According to the report, banking marketplaces are the most effective way for banks to adapt to the digital age; helping them create financial services ecosystems that offer personalised customer experiences, without developing services themselves. For example, Revolut has extensively expanded its lifestyle offerings in-app; creating its own ecosystem of services, without taking on the costs traditional banks have faced in expanding services. In turn, customers benefit from innovative solutions that are tailored to their needs; increasing satisfaction and improving the stickiness of their banking relationships.

Juniper Research recommends banks evaluate which services are core, and which services can be replaced by working with innovative third parties; enabling banks to improve services being offered, while reducing costs in a difficult economic climate.

Banking-as-a-platform market research: https://www.juniperresearch.com/researchstore/fintech-payments/banking-as-a-platform-payments-research-report

Download the free sample: https://www.juniperresearch.com/whitepapers/baap-helping-incumbent-banks-to-keep-up

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and commentary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230806024345/en/

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Source : Juniper Research