TDCX TO REVEAL FOURTH QUARTER, FULL YEAR 2023 RESULTS

KUALA LUMPUR, Feb 27 (Bernama) -- TDCX Inc (TDCX), an award-winning digital customer experience solutions provider will announce its fourth quarter and full year unaudited financial results on March 6.

In a statement, TDCX said the earnings press release will be available at its investor relations website and the company will not host a conference call to discuss the results.

The special committee of TDCX’s board of directors, which was formed to consider the previously announced preliminary non-binding proposal letter from the company’s Founder and Chief Executive Officer, Laurent Junique with assistance from its financial and legal advisors, is in the process of evaluating the proposal letter and any potential alternative transactions involving TDCX.

Headquartered in Singapore, TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint.

It employs more than 17,800 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Indonesia, Japan, and Malaysia, among others.

-- BERNAMA

KOREAN PREMIUM PHONE STRAP ARNO TO DEBUT ON SINGAPORE'S SHOPEE

KUALA LUMPUR, Feb 26 (Bernama) -- Korean premium phone strap brand ARNO will make its official debut on Shopee in Singapore this March.

Customers can receive discount coupons at Shopee to purchase ARNO products at a more affordable price, to commemorate the launch.

In a statement, ARNO said its phone strap has already gained immense popularity among consumers in Korea, Japan, and Taiwan for its unique design and convenience.

ARNO is an innovative product designed to make it convenient to use large and heavy phones by attaching a strap to them.

It is not only suitable for everyday activities such as childcare and shopping but also extremely useful for outdoor activities like travel and leisure.

ARNO's product lineup includes various designs such as the long-length "New Basic", the short-length "Handy", the flashy jewel-like "Beads", and the easy-to-attach "M", with 25 distinctive design straps that are of high quality, sturdy, and stylishly complement any outfit.

In particular, its most popular product, "ANY", is compatible with phones such as iPhone, Galaxy, Oppo, Vivo, regardless of the model, and it fits well with all cases including Casetify.

ARNO is known for leading the industry trends by designing all products in Seoul and conducting strict quality control with a 10-step inspection process. It gained significant popularity in Korea after being worn by the female lead in the Netflix drama, Hyena.

-- BERNAMA

MALAYSIA'S ENERGAS INSURANCE RATED EXCELLENT - AM BEST

KUALA LUMPUR, Feb 23 (Bernama) -- AM Best has affirmed Malaysia’s Energas Insurance (L) Limited (Energas) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent).

According to AM Best in a statement, the outlook of these credit ratings (ratings) is negative.

The ratings reflect Energas’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

In addition, the ratings factor in the neutral impact from the parent, Petroliam Nasional Berhad (PETRONAS), which is the national oil and gas company of Malaysia.

Energas’ balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.

The company’s investment portfolio was viewed by AM Best as conservative, with a majority of investments allocated to cash and deposits, and the remainder invested in good quality government and corporate bonds.

Capital requirements arising from underwriting risks are viewed to be low given the company’s low net underwriting leverage, though the accumulation of high severity losses from multiple policies may still lead to moderate balance sheet volatility.

AM Best views Energas’ operating performance as strong, supported by its five-year average combined ratio of 68.4 per cent (2018-2022). The company’s net underwriting margins have historically benefitted from favourable reinsurance commission income and low management expenses relative to net earned premium.

The credit rating agency considers the company’s business profile as neutral. As a single-parent captive to PETRONAS, Energas benefits from business access to the group’s insurance risks.

However, its underwriting portfolio shows concentration by line of business and geography, with a significant focus on upstream and downstream energy risks located in Malaysia.

-- BERNAMA

OPENGEAR LAUNCHES ENHANCED TECHNICAL CERTIFICATION PROGRAM

^{Opengear launches its enhanced Technical Certification Program, providing technical professionals with the knowledge and expertise required to effectively navigate and manage complex network infrastructures. (Graphic: Business Wire)}


New initiative gives technical professionals the knowledge and expertise required to effectively navigate and manage complex network infrastructures

EDISON, N.J., Feb 22 (Bernama-BUSINESS WIRE) -- Opengear, a Digi International company (NASDAQ, DGII, www.digi.com) and provider of secure and Smart Out of Band management solutions, today announced the launch of its enhanced Technical Certification Program, aimed at empowering IT professionals and network engineers in the Opengear network of channel and distribution organizations with comprehensive technical expertise to address evolving network challenges on the First Day, Worst Day, and Every Day.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240221739136/en/

 

Developed by Opengear's channel engineers, the Technical Certification Program is a robust e-learning initiative designed specifically to equip solution architects and sales engineers with the skills needed to manage the toughest network challenges. With the industry witnessing a constant influx of new technologies, advanced networking architectures, and increased demand for network resilience, professionals need to stay ahead of the curve — continually enhancing their skills to effectively navigate and manage complex network infrastructures, as well as address the challenges posed by emerging technologies, cybersecurity threats, and the need for robust network automation.

“Opengear's channel plays a pivotal role in our market success,” said Tracy Collins, Opengear’s Vice President of Sales, Americas. “We're therefore thrilled to introduce our comprehensive Technical Certification Program, which is tailored to meet specific needs and empower our valued channel organizations. Equipping them with in-depth knowledge of Opengear’s solutions aligns with our continued commitment to helping them deliver enhanced value to their end customers — a cornerstone of our business philosophy.”

Directly tackling key industry issues, the new program provides end-to-end education and training, enabling participants to gain deeper product knowledge and understanding of Opengear's solutions, including OGCS, NGCS, and LH modules. Customers will benefit from enhanced support, faster product integration, and access to a skilled reseller’s professional network. The program certification empowers channel organizations with a competitive advantage — fostering successful and efficient deployments of Opengear solutions.

Features and benefits of the Opengear Technical Certification Program include:

• Empowerment and Expertise: Equips professionals with the technical education and expertise needed to address the evolving demands of network management using Opengear solutions.
   
• Practical Application: Program focuses on real-world scenarios and problem solving to ensure practical application of knowledge.
   
• Global Accessibility: Available to Opengear distributors and channel organizations worldwide, facilitating learning and certification regardless of geographical location.
   
• Cost-Free Learning: Accessible through Opengear’s Partner Portal at no additional cost.
   
• First Day, Worst Day, Every Day: Addresses critical network challenges and prepares resellers on every front, from routine operations to crisis management with Opengear's robust solutions.

“Designed exclusively for the technical talents within our channel community, Opengear’s Technical Certification Program is more than just training; it's a commitment to elevating technical excellence,” said Dan Baxter, Director, Sales Engineering, Americas at Opengear. “We believe in investing in the technical acumen of our distributors and resellers because in today's intricate networking landscape, a certified team translates to empowered organizations. This program provides our channel technical community with technical resources and the certification they deserve, fostering expertise that benefits both their personal growth and the success of the entire team.”

Members or our channel organizations can register for the Opengear Technical Certification Program by logging into the Partner Portal at https://partners.opengear.com and accessing the training section.

For more information about Opengear, visit https://www.opengear.com/.

About Opengear

Opengear, a Digi International company, delivers secure, resilient access and automation to support critical IT infrastructure on the First Day, Worst Day, and Every Day. Through presence and proximity, Opengear solutions enable provisioning, orchestration, and remote management of network devices through innovative software and appliances. Opengear solutions are trusted by global organizations across financial, digital communications, retail, and manufacturing sectors. The company is headquartered in New Jersey, with an R&D center in Brisbane, Australia. For more information, visit www.opengear.com/.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of business and mission-critical Internet of Things (IoT) connectivity products and solutions. We help our customers create next-generation connected products and solutions to deploy, monitor, and manage critical communications infrastructures and compliance standards in demanding environments with high levels of security, relentless reliability, and bulletproof performance. Founded in 1985, the company has helped customers connect more than 100 million things — and counting. For more information, visit www.digi.com, or call 877-912-3444 (U.S.) or 952-912-3444 (International).

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20240221739136/en/


Contact

Opengear Media Contact
Peter Ramsay / Lora Metzner
Global Results Communications
open@globalresultspr.com
+1 949-307-5908

Source : Opengear

Igor Beckerman Joins Jumio As Chief Financial Officer

KUALA LUMPUR, Feb 21 (Bernama) -- Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has announced the addition of Igor Beckerman as chief financial officer (CFO).

Beckerman’s appointment comes at a pivotal time for Jumio, as its market-leading, artificial intelligence-powered solutions are reaching record-breaking automation and quality rates, according to a statement.

“The identity landscape is facing a seismic upheaval, and Igor joining our team of innovators is just another step we are taking to ensure Jumio remains the clear leader in this space,” said Jumio Chief Executive Officer, Robert Prigge.

Meanwhile Beckerman said: “I am thrilled to join Jumio at such an integral moment in the company’s evolution and look forward to helping make 2024 the company’s best year yet.”

Beckerman has three decades of finance leadership experience, most notably as leading customer success platform Gainsight’s first-ever CFO, and at Marketo, where he served through the initial public offering (IPO) and the eventual acquisition by Vista Equity Partners in 2016.

He was most recently the CFO at Newsela, and also held senior leadership roles at Precise Software Solutions and Symantec.

Beckerman holds a Master of Business Administration from Stanford University and a bachelor of arts in economics (with honours) from The University of California, Berkeley.

Based in Sunnyvale, Jumio platform provides advanced identity verification, risk signals and compliance solutions that help customers accurately establish, maintain and reassert trust.

-- BERNAMA

MoneyHero Predicts Year-over-year Revenue Growth In Singapore, Hong Kong

KUALA LUMPUR, Feb 19 (Bernama) -- MoneyHero Limited (MoneyHero) announced it anticipated year-over-year revenue growth of at least 60 per cent in Singapore and 50 per cent in Hong Kong as of January 2024, based on a preliminary and unaudited review.

MoneyHero in a statement said this growth has continued to dramatically outpace competition and further establishes the company as the dominant consumer finance platform in Southeast Asia.

“Our strategy continues to show significant results, our revenue pool is expanding at an accelerated rate, and our competition has never been under more pressure.

“We are thrilled to have achieved such strong year-over-year performance and look forward to continuing this momentum throughout 2024 and beyond,” said MoneyHero Chief Executive Officer, Prashant Aggarwal.

Meanwhile, its Chief Business Officer, Rohith Murthy said: “We are rapidly becoming the go-to platform for effortlessly comparing and choosing financial products, including insurance and credit solutions.

“We are committed to expanding our extensive ecosystem for all—offering more options for consumers, attracting better customers for our financial partners, and delivering unmatched value in the financial ecosystem,” added Murthy.

MoneyHero has been operating brands in Hong Kong and Singapore since 2013 and 2015, respectively, and currently serves more than 2.6 million monthly unique users across both markets for January 2024.

The company’s technology and product teams, which continue to expand with new and elite talent, plan to launch updated offerings for these markets this year that will support ongoing growth, leveraging the latest financial innovations, including artificial intelligence.

-- BERNAMA

OPENGEAR’S SMART MANAGEMENT FABRIC ENHANCES REMOTE ACCESS

KUALA LUMPUR, Feb 19 (Bernama) -- Opengear, a provider of secure and Smart Out of Band management solutions and a Digi International Inc company, has launched Smart Management Fabric (SMF), extending the value and functionality of its Network Resilience platform with dynamic routing-based intellectual property (IP) access.

In a statement, Opengear President, Gary Marks said the company is committed to providing world-class solutions for secure and resilient access to connect, configure, or restore connected information technology (IT) resources.

“Opengear has once again redefined out of band management with SMF and routed IP-access. SMF allows customers to leverage the Opengear solution to deliver the best possible day 0/1 experience, becoming the basis to deploy, manage, and remediate connected network resources from anywhere,” he said.

Opengear adds SMF to its Lighthouse Automation Edition (AE) software solution. Lighthouse AE and Opengear's appliance software have been upgraded to include dynamic routing, allowing for a complete management network overlay.

These updates enable users or machines, through automation or configuration tools, to connect to the resources they need to access or manage, supporting a range of commonly used technologies for virtualised environments.

The new SMF is the outcome of countless hours of interaction and engagement with customers, alliances and collaborators, whereby these exchanges have enabled Opengear to gain insight into how the latest market dynamics and technological advancements impact IT network and infrastructure management.

SMF forms a unified management framework and makes Opengear’s network resilience platform valuable for the whole IT organisation, from network engineers and system admins to support staff who need access to IP-based resources.

These teams can now quickly provision and access their server-management tools as well as manage any IP-based physical or virtual resources. Additionally, network engineers can use their favourite automation tools to provision, monitor, and manage their IP endpoints at scale.

Headquartered in New Jersey, United States, with a research and development centre in Brisbane, Australia, Opengear solutions enable provisioning, orchestration, and remote management of network devices via innovative software and appliances.

-- BERNAMA

ETT | iByond Inks US$888 Mln Contract With Capstone to Revolutionise Insurance Industry

KUALA LUMPUR, Feb 15 (Bernama) -- The Technology Innovation Institute (TII), a global scientific research centre and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), has launched the ‘Falcon Foundation’.

The non-profit Falcon Foundation is dedicated to advancing the development of open-source Generative artificial intelligence (AI) models and to building sustainable ecosystems around open-source projects that accelerate technology development.

TII Chief Executive Officer, Dr Ray O. Johnson said: “We are committed to fostering transparency and collaboration in AI. Extending the UAE's collaborative spirit into AI development, we set new standards for openness and we encourage all other entities who support open source from around the world to join us.”

According to a statement, as a founding member, TII is committing to provide US$300 million to fund these projects. (US$1=RM4.78)

The launch of the Falcon Foundation took place at the prestigious World Governments Summit (WGS) 2024 and marks a critical juncture in convening stakeholder collaboration to establish transparent governance models and encourage knowledge exchange as AI continues to chart a relentless growth path.

Commencing with TII’s powerful homegrown Falcon AI models, the foundation will convene stakeholders, developers, academia, and industry, as well as individuals, and will help realise the power of cooperative decision-making among the contributors.

It will accelerate the democratisation of AI with the help of notable Falcon Foundation Ambassadors, eminent AI professors in universities worldwide, as well as key industry players in the field of AI.

The foundation’s beneficiaries will encompass all entities that work with and champion open-source responsible AI. As an organisation open to all and every stakeholder committed to open source, the foundation will leverage global best practices as part of its regulatory and legal framework for AI.

The Falcon Foundation's commitment to open-sourcing and innovation in AI reflects a forward-thinking approach that helps Abu Dhabi and the United Arab Emirates (UAE) leapfrog into a technology-driven future and supports the global community in harvesting cross-industry collaborations for seminal AI advancements.

-- BERNAMA

GROUND-BREAKING NEW STUDY QUANTIFIES 'OPPORTUNITY ADVANTAGE' OF PREMIUM EDUCATION COUPLED WITH CITIZENSHIP RIGHTS

LONDON, Feb 13 (Bernama-GLOBE NEWSWIRE) -- Leading international wealth advisory firm Henley & Partners has published pioneering new research into how first-class education, combined with expanded global access rights, creates significant opportunity for the next generation, growing their global networks, maximizing their career prospects, earning potential, and economic mobility for greater success and prosperity across their lifetimes.

The Henley Opportunity Index, a proprietary new benchmarking tool showcased in the firm’s inaugural Henley Education Report, quantifies the impact and probability of success that a premium education coupled with additional residence rights and/or alternative citizenships acquired through investment migration, can have on preserving and growing multi-generational wealth.

The first-of-its-kind index evaluates and scores the world’s leading residence and citizenship by investment programs across six parameters, including premium education and employment opportunities, earning potential, career advancement, economic mobility, and livability to provide a benchmark for investors, entrepreneurs, and wealthy families to compare and identify locations that offer the best ecosystems for future generations to advance their careers and maximize their income potential.

Dominic Volek, Group Head of Private Clients at Henley & Partners, says both education and investment migration are ‘inter-generational enablers’ and this is the first study of its kind that attempts to measure the comparative advantage of this potent combination. “Successfully balancing wealth generation and opportunity creation are key characteristics of ascendant economies. Our index helps guide families on tailored investment migration strategies to clear pathways for their children and heirs to access the world’s best schooling, most lucrative job markets, and enhanced quality of life through the privileges and flexibility of alternative residence and citizenship by investment options that give them the right to study, live, work, and invest in countries of their choice.”

The cumulative value of global access and education

Using the comparative function of the Henley Opportunity Index, a Filipino family whose total opportunity score sits at just 23% in their home country, could raise the probability of success for the next generation to 82% by accessing residence rights in the US through the US EB-5 Immigrant Investor Program. Similarly, for a Vietnamese family on 24%, relocating to Switzerland through the Swiss Residence Program would increase their advantage to 85%, and for Nigerians with an opportunity score of just 14%, an investment in the Singapore Global Investor Program, which provides residence rights in the city state, would uplift their life chances by 65% to a remarkable 79%. Other investment options through the UAE Golden Visa and New Zealand’s new Active Investor Plus Visa could give youngsters from the west African nation an opportunity advantage of 63%, and 59%, respectively.

Similarly, for a South African family with Europe in their sights, investing in the Portugal Golden Residence Permit Program will realize compounded inter-generational benefits, as after five years of legal residence they can apply for citizenship, enabling them to live, work, or study anywhere in the EU. There are also notable gains in top-tier employment prospects (25/100 for South Africa versus 47 for Portugal — an 88% leap), and high livability (South Africa scores 40 and Portugal 61 — a 53% improvement), but the biggest advantage would be the dramatic increase in economic mobility (South Africa scores just 17/100 compared to Portugal’s 74 — an astonishing 335% enhancement).

As Tess Wilkinson, Director of Henley & Partners Education, points out in the report, education alone cannot guarantee opportunities in the future job market. “Investing in your child’s education is universally acknowledged as one of the best ways to set them up for success later in life, with multiple studies showing that those with tertiary qualifications earn around 50% more. However, economic research also shows over two-thirds of income variation between individuals globally is simply attributable to which country they live and work in. So, combining world-class academics with related residence or citizenship rights to access those lucrative job markets is key.”

According to exclusive research conducted for the report by Dr. José Caballero, Senior Economist at the IMD World Competitiveness Center in Switzerland, the cumulative effect of investment migration arises from the fact that the programs enable parents to migrate their children through permanent settlement. “In doing so, parents can provide greater education and professional opportunities without the hassles that acquiring a student and/or postgraduate visa entails. Those opportunities include access to premium primary and secondary education, greater opportunities for professional development, to live in an environment with a high quality of life, higher income prospects, and easier mobility across borders. Such access and opportunities facilitate the sustainability of family prosperity through greater probabilities of wealth creation and preservation by empowering the next generation with a more robust set of skills and capacities.”  

Read the Full Press Release

Media Contact

Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965 

SOURCE : HENLEY & PARTNERS GROUP HOLDINGS LTD

GRAND SEIKO FLAGSHIP BOUTIQUE OPENS ON MADISON AVENUE

KUALA LUMPUR, Feb 9 (Bernama) -- Seiko Watch Corporation has announced the official launch of a new United States "Grand Seiko Flagship Boutique" on iconic Madison Avenue in New York City, marking a significant milestone in its history.

According to Seiko Watch Corporation in a statement, the new multi-level flagship store is the largest Grand Seiko Boutique globally.

“The United States has accelerated the growth of Grand Seiko outside of Japan, and this new boutique opens a new chapter for the brand’s further development.

“Being located at such a prime location, I am certain it will allow more customers and watch lovers from around the world to experience Grand Seiko's uniquely Japanese worldview and its endless passion for perfection,” said Seiko Watch Corporation President, Akio Naito.

With an impressive presence on the corner of Madison Avenue and 55th Street, it promises an unparalleled experience for watch enthusiasts and connoisseurs, celebrating the brand's rich heritage of artistry and innovation.

The flagship features an elegant and contemporary design that reflects Grand Seiko's brand message, "Alive in Time", representing its dynamic spirit and desire to push the boundaries of watchmaking.

The boutique's airy and sophisticated interior captures the essence of Japanese aesthetics and culture, while at the entrance and throughout the store, designs inspired by a traditional form of Japanese woodwork known as "kumiko" adorn the new construction.

The watch showcases, crafted from light-coloured wood, exude Grand Seiko's commitment to craftsmanship, precision, and distinctive Japanese quality.

Inside the two-storey boutique, customers are invited to explore Grand Seiko's extensive collection of timepieces, including its Spring Drive, mechanical, and quartz models, in addition to a dedicated private room that is home to the esteemed Masterpiece Collection.

-- BERNAMA

PACIFIC PRIME COMPLETES MALAYSIA’S MIT INSURANCE BROKERS ACQUISITION

KUALA LUMPUR, Feb 7 (Bernama) -- Global insurance brokerage Pacific Prime has fully acquired MIT Insurance Brokers Sdn Bhd, Malaysia’s insurance brokerage firm specialising in risk management, insurance, and reinsurance.

“Malaysia is an exciting country for us to expand our operations. With the integration of MIT Insurance Brokers, we will bring together a team of established and experienced personnel to provide innovative and strategic solutions both within and outside of the region.

“This is of utmost importance in light of the numerous global regulatory and technological changes taking place,” said Pacific Prime Chief Executive Officer, Neil Raymond in a statement.

Meanwhile, MIT Insurance Brokers Director, Shahrizal Shahruddin said: “This acquisition happens at an opportune time for us to showcase what we are capable of together. MIT Insurance Brokers has been in the market for over 50 years, and I hope we carry on this momentum.”

With unwavering dedication to providing exceptional service, MIT has been at the forefront of Malaysian property and casualty, financial lines, and employee benefits solutions since 1973.

Pacific Prime’s merger with MIT Insurance Brokers heralds a new age of broker unity, where insurance is simplified, streamlined, and client-centric in the face of evolving challenges.

Among Pacific Prime's 15 offices globally, MIT Insurance Brokers will operate as part of Pacific Prime Consultants Malaysia, a fully-licensed client service point that provides localised products as well as flexible benefits administration and servicing within the region.

In the coming weeks, it is anticipated that MIT’s staff will continue their journey onboard the Pacific Prime flagship with the shared goal of simplifying insurance.

-- BERNAMA

COLOSSAL CAVERNS EXCAVATION FOR FERMILAB’S DUNE EXPERIMENT COMPLETES

KUALA LUMPUR, Feb 2 (Bernama) -- The excavation of the caverns that will house the gigantic particle detectors of the Deep Underground Neutrino Experiment (DUNE) in Lead, South Dakota, United States (US) has completed.

According to the US Department of Energy’s Fermi National Accelerator Laboratory (Fermilab) in a statement, final outfitting of the colossal caverns will begin soon and make way for the start of the installation of the DUNE detectors later this year.

Fermilab’s Michael Gemelli, who managed the excavation of the caverns by Thyssen Mining said: “The completion of the three large caverns and all of the interconnecting drifts marks the end of a really big dig. With no lost-time accidents in over three years, we reached a major achievement.”

Meanwhile, US Project Director Chris Mossey said completing this step prepares the project for installation of the detectors later this year and brings them a step closer towards fulfilling the vision of making this a world-class underground facility.

Located a mile below the surface, the three colossal caverns are at the core of a new research facility that spans an underground area about the size of eight soccer fields.

The caverns provide space for four large neutrino detectors, each one about the size of a seven-story building and the detectors will be filled with liquid argon and record the rare interaction of neutrinos with the transparent liquid.

The DUNE collaboration, which includes more than 1,400 scientists and engineers from over 200 institutions in 35 countries, is eager to start the installation of the particle detectors.

They have successfully tested the technology and assembly process for the first detector and preparations for the technology of the second detector are underway at the research laboratory of European Organization for Nuclear Research (CERN).

-- BERNAMA

EXPEREO’S ENHANCED INTERNET DRIVES APPLICATION PERFORMANCE, BETTER USER EXPERIENCES

KUALA LUMPUR, Jan 31 (Bernama) -- Expereo has launched its Enhanced Internet service, the first and only artificial intelligence (AI)-driven solution that continually monitors the 100,000 networks that make up the internet and predicts the best performing route for companies’ network traffic.

According to Expereo in a statement, its Enhanced Internet can decrease traffic latency across the internet by up to 85 per cent, reduce packet loss up to zero per cent and ensure application performance is operating at peak performance.

“At Expereo, we are already using our latest AI solution, Enhanced Internet, to lift several customers into the internet age of enhanced connectivity, with very positive results and have big plans to elevate even more global enterprises into this new era of AI internet connectivity over the coming year,” said its Chief Product Officer, Sander Barens.

Despite large investments into Cloud first strategies and Software as a Service (SaaS) applications, many enterprises are still experiencing inconsistent network performance that impacts employees productivity and experience.

Enhanced Internet tackles this issue by improving the consistency and quality of application performance and enables businesses to get the most from their investments in cloud and SaaS strategies.

Enhanced Internet’s AI capabilities means that customers can experience the agility and accessibility of the public internet, combined with the reliability and consistent performance levels typically expected from a private network or Multiprotocol Label Switching (MPLS) solution.

Expereo’s proprietary AI software does this by combining AI with Machine-Learning to intelligently and proactively route network traffic over the best possible path.

For customers, the knowledge extends to predictive routes for specific situations by learning the most common traffic paths for their applications and therefore being ready to predict the path before the traffic is sent.

-- BERNAMA

HYCU R-CLOUD INCORPORATES GEN AI FOR SAAS DATA PROTECTION

KUALA LUMPUR, Jan 31 (Bernama) -- HYCU Inc, a leader in data protection as a service has announced the HYCU Generative AI Initiative, aiming to seamlessly integrate generative artificial intelligence (Gen AI) technology.

This project includes Anthropics' AI assistant Claude with HYCU's R-Cloud data protection platform, redefining the development process of data protection integrations and creating an easy to use way to create Software as a Service (SaaS) integrations.

Its Founder and Chief Executive Officer, Simon Taylor said this development with Anthropic’s frontier generative AI model Claude is more than an integration; it is a leap forward in the future of data protection.

“By harnessing AI, we are not only accelerating our development processes but also reinforcing our commitment to security and operational efficiency. We are excited to take R-Cloud to the next level and pioneer this space and set new standards for the industry,” he said in a statement.

The HYCU Generative AI Initiative includes an AI-driven development process; deep understanding of data protection complexities; dramatic reduction in development time; and maintaining high standards.

This project marks three significant innovations to the HYCU R-Cloud award-winning platform such as pioneering infrastructure software protection and recovery; synergising company missions; as well as setting new benchmarks for SaaS and cloud services with AI.

HYCU R-Cloud includes the world’s first low-code development platform for data protection that enables SaaS companies and service providers to deliver application-native backup and recovery efficiently and rapidly.

It has been recognised for setting the bar for SaaS data backup and protection for its ease of use of integration for both end users and SaaS providers.

-- BERNAMA

XSOLLA FOUNDER SHARES METAVERSE VISION IN ONCE UPON TOMORROW BOOK

KUALA LUMPUR, Jan 31 (Bernama) -- Xsolla founder, Shurick Agapitov, has unveiled his groundbreaking new book titled 'Once Upon Tomorrow', offering a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives.

A visionary author, Agapitov's book is a thought-provoking journey into the possibilities and potential of the Metaverse, providing a unique perspective diverging from the views often presented at industry conferences and by technology chief executive officers (CEOs).

Agapitov said this book is his invitation to creators, thinkers, and dreamers worldwide to join in shaping a future where technology amplifies human potential and fosters a world of limitless possibilities.

“In 'Once Upon Tomorrow', I present a vision of the Metaverse as a vast, inclusive, and transformative space. It is not just a digital frontier but a realm where creativity, innovation, and empowerment converge.

“The Metaverse, as I see it, is not about control or confinement but about unleashing the collective creativity and entrepreneurial spirit inherent in all of us,” he said in a statement.

The book delves into the untapped potential of the Metaverse, highlighting its capacity to unite emerging and legacy brands, create unforgettable consumer experiences, and enrich cultures globally.

An acclaimed author, Agapitov emphasises the Metaverse's role in democratising opportunities and equal access to cutting-edge technologies, in which his vision extends beyond mere technological innovation, underscoring the Metaverse's potential to empower and reward content creators globally.

The book also highlights the significant impact of the Metaverse on education, offering hope and opportunities for both children and adults worldwide.

'Once Upon Tomorrow' is more than just a book about the Metaverse; it is a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social, and creative inclusivity.

It also explores the potential impact of the Metaverse on business-to-business sectors, education, city planning, inter-government relations, and non-profit efforts as well as a visionary piece that invites readers to rethink the Metaverse and its limitless potential.

-- BERNAMA