TOSHIBA PRODUCES INDUSTRY'S FIRST 2200V DUAL SILICON CARBIDE MOSFET MODULE

KUALA LUMPUR, Aug 29 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has developed “MG250YD2YMS3”, the industry’s first 2200 volt (V) 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.

According to Toshiba in a statement, it is suitable for applications that use DC1500V, such as photovoltaic power systems and energy storage systems.

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.

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

-- BERNAMA

H&H GROUP POSTS DOUBLE-DIGIT TOP LINE GROWTH IN 1H 2023

KUALA LUMPUR, Aug 28 (Bernama) -- Health and Happiness (H&H) International Holdings Limited, a global family nutrition company, has achieved revenue of over 6.98 billion Chinese yuan, a reported increase of 17.2 per cent for the six months ended June 30 (1H 2023). (100 Chinese yuan = RM63.79)

The group’s high-margin and fast-growing nutritional supplements across three business pillars have emerged as the largest revenue contributor, making up 60.1 per cent of the group’s total revenue, while net profit reached 608.0 million Chinese yuan, a year-on-year increase of 28 per cent.

Its Interim Chief Executive Officer & Chief Strategy and Operations Officer, Akash Bedi said the group has seen a very promising first half of 2023, passing several important milestones, and setting itself up for a strong full year outlook.

“Thanks to our innovative product strategies and diverse business model, revenue from high-margin and fast-growing nutritional supplements across all three of our ANC, BNC and PNC business segments is now our largest revenue contributor,” he said in a statement.

In the Adult Nutrition and Care (ANC) segment, it has now become the group’s largest growth contributor delivering revenue growth of 43.2 per cent on a like-for-like (LFL) basis, led by a strong first half for Swisse which surpassed AUD$1 billion in global sales. (AUD$1=RM2.98)

However, Baby Nutrition and Care (BNC) segment confined to low single-digit sales decline of 2.1 per cent on a LFL basis, amid strong market headwinds, partly offset by growth in Biostime paediatric probiotic and nutritional supplements.

Meanwhile, Pet Nutrition and Care (PNC) segment delivered strong revenue growth of 21.4 per cent on a LFL basis, with Zesty Paws officially recognised as the number one brand of pet supplements in the United States.

As of June 30, the group has improved its net leverage to 3.40 times and remained on track to deleverage its balance sheet in the coming years, as well as maintained a stable dividend pay-out ratio of 50 per cent consistent with the previous periods.

For sustainability progress, the group submitted its science-based greenhouse gas emissions reduction targets to the internationally renowned Science-Based Targets initiative (SBTi) to continue to drive long-term growth with impact, in April, this year.

Looking ahead to the remainder of the year, the group is well positioned to maintain top line growth for the full year, driven by the globalisation of its brands and diversification of its portfolio across the ANC, BNC and PNC businesses.

-- 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

CARGILL, BAR TECHNOLOGIES' WIND TECHNOLOGY PAVING A LOWER CARBON COURSE FOR MARITIME INDUSTRY

KUALA LUMPUR, Aug 21 (Bernama) -- Cargill and BAR Technologies’ groundbreaking innovation, BAR Tech WindWings by Yara Marine Technologies set sail on open waters, testing new technology that will bring cutting edge wind propulsion to commercial shipping for the first time.

According to a statement, Mitsubishi Corporation’s Pyxis Ocean, chartered by Cargill, is the first vessel to be retrofitted with two WindWings, which are large wing sails measuring up to 37.5 metres in height that can be fitted to the deck of cargo ships to harness the power of wind.

Produced by industrialisation partner Yara Marine, they are expected to generate average fuel savings of up to 30 per cent on new build vessels, which could be even higher if used in combination with alternative fuels.

President of Cargill Ocean Transportation business, Jan Dieleman said: “At Cargill we have a responsibility to pioneer decarbonising solutions across all our supply chains to meet our customer’s needs and the needs of the planet.

“A technology like WindWings does not come without risk, and as an industry leader – in partnership with visionary shipowner Mitsubishi Corporation - we are not afraid to invest, take those risks and be transparent with our learnings to help our partners in maritime transition to a more sustainable future.”

The installation demonstrates a step-change in attitudes towards technologies that can enable an energy transition for existing vessels.

Co-funded by the European Union as part of the CHEK Horizon 2020 initiative, the WindWings project, can help the industry meet those targets by offering a retrofit solution that is capable of decarbonising existing vessels, which is particularly relevant given that 55 per cent of the world’s bulker fleets are up to nine years in age.

The performance of the WindWings will be closely monitored over the coming months to further improve their design, operation, and performance, with the aim that the Pyxis Ocean will be used to inform the scale-up and adoption across not only Cargill’s fleet but the industry.

BAR Technologies and Yara Marine are already planning to build hundreds of wings over the next four years and BAR Technologies is also researching newbuilds with improved hydrodynamic hull forms.

-- BERNAMA

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

Evident Commits To Deliver World-class Solutions With New CEO, COO Appointments

KUALA LUMPUR, Aug 15 (Bernama) -- Evident Corporation (Evident) has appointed William Wesley “Wes” Pringle as Chief Executive Officer (CEO) and Hiroyuki Yoshimoto as President and Chief Operating Officer (COO).

Effective immediately, Pringle takes over from Evident’s interim CEO Eric Anderson, according to the company in a statement.

With an impressive 30-year career driving growth and business transformation across a variety of industries, Pringle ran several companies for Danaher including Fluke Corporation (a global test and measurement leader), which he led for almost 10 years, prior to joining Evident.

“I am honoured to join Evident and help lead this 100-year-old business through a new phase of growth. By unleashing the passion and talents of this organisation, I believe we can deliver exceptional growth and market changing innovations for our customers,” said Pringle.

Meanwhile, an experienced leader with a proven track record of leading global companies headquartered in Japan and the United States, Yoshimoto had several senior leadership roles at global manufacturing companies such as Nissan Motor Corporation Group, prior to joining Evident.

Yoshimoto said: “By working as one team, I am convinced that Evident can create sustainable growth while continuing its mission of pioneering innovations that make society healthier and safer.

“Our commitment to ensuring customer satisfaction, along with fostering strong relationships with business partners and stakeholders will be the cornerstone of our progress.”

With this new leadership team, Evident will realise its next chapter by further strengthening its commitment to delivering world-class solutions to its customers.

-- BERNAMA

NIPPON EXPRESS (IRELAND) OPENS NEW WAREHOUSE IN DUBLIN, BEGINNING OPERATIONS JULY 1

TOKYO, Aug. 16, 2023 /Kyodo JBN-AsiaNet/ --

Nippon Express (Ireland) Ltd. (hereafter "NX Ireland"), a group company of NIPPON EXPRESS HOLDINGS, INC., has established a new warehouse, "Contract Logistics Center," in Dublin city, beginning its operations on July 1.   Logo: https://kyodonewsprwire.jp/img/202308097926-O1-X51Q0SoK   Photo: Warehouse exterior https://cdn.kyodonewsprwire.jp/prwfile/ release/M103866/202308097926/_prw_PI2fl_H02h4ZHW.jpg     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 and information and communication technologies, and many international companies have bases in Ireland for research and development and production. From this background, demand is expected for advanced logistics facilities capable of offering features such as temperature control.   The new "Contract Logistics Center" established by NX Ireland is located about 3 km from Dublin Airport and about 12 km from Dublin Port, which is suitable for both air and sea transportation. 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. The company offers high-quality services to customers in the pharmaceutical and semiconductor-related industries.   The Nippon Express Group aims to expand logistics services in Europe through the establishment of the new warehouse and to contribute to further development of customer business activities by expanding logistics functions globally.   Profile of new warehouse -Name: Contract Logistics Center, Nippon Express (Ireland) Ltd. -Address: Unit 23, Cedar Drive, Dublin AirPort Logistics Park, Dublin, K67 R2H7, Co. Dublin, Republic of Ireland -Total floor area: 4,768 m2 (51,319 ft2) (Temperature-controlled, nitrogen purging warehouse 2,509 m2 (27,007 ft2) / Pharma rooms +2/+25 C & semiconductor cleanroom facility 651 m2 (7,007 ft2)) -Key facilities: Full air conditioning management, surveillance cameras, customs bonded areas, full sprinkler system covering all areas, nitrogen purging facility and also external charging points for climate containers, truck dock leveler bays x 5 and two large loading bay ramps. Next to Dublin Port inner terminal and close proximity of Dublin Airport cargo terminal. -Start of operations: July 1, 2023   Nippon Express website: https://www.nipponexpress.com/   Nippon Express Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/     Source: NIPPON EXPRESS HOLDINGS, INC.   http://mrem.bernama.com/viewsm.php?idm=46779

EXP REALTY EXCEEDS 1,000-AGENT MILESTONE IN SOUTH AFRICA

BELLINGHAM, Wash., Aug 14 (Bernama-GLOBE NEWSWIRE) -- eXp Realty^®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has exceeded 1,000 agents across South Africa, representing an over 74% increase from the 574 total agent count in July 2022.

“This is a proud moment for eXp Realty South Africa as we reach such a huge milestone,” said Michael Valdes, Chief Growth Officer, eXp Realty. “Our attractive and continuously evolving agent-centric value proposition continues to resonate with agents from around the world and we are so thrilled to be home to over 1,000 real estate professionals in South Africa!” 

According to Andrew Thompson, Director and Country Leader of eXp Realty South Africa, eXp South Africa has had more transactions in the first six months of this year compared to last year. “eXp South Africa has realized a cash-flow positive, debt-free and profitable operation in its first 15 months since receiving its license via the Property Practitioners Regulatory Authority back in December 2020,” said Thompson.

“Since its inception, eXp has remained committed to putting agents first to equip them with the knowledge and tools necessary to reach their full potential. I am so proud to be able to lead such an incredible group of agents through this expansion and beyond,” he added.

eXp South Africa is proudly committed to serving the community, having recently donated R350,000 to Dr. Imtiaz Sooliman of Gift of the Givers to support local and international communities.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.    

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. 

http://mrem.bernama.com/viewsm.php?idm=46759

OVER 1.5 BLN INBOUND ROAMING CONNECTIONS IN 2024 - JUNIPER RESEARCH

KUALA LUMPUR, Aug 14 (Bernama) -- Juniper Research predicted that there will be over 1.5 billion inbound roaming connections in 2024, which are expected to rise to 2.4 billion by 2028.

The new global report assessed the wholesale roaming landscape across 60 key countries, forecasting the market for five years, and identified the top five countries for inbound roaming subscribers in 2024.

The top five countries are the United States (164 million); France (147 million); China (136 million); Spain (70 million); and Mexico (66 million).

Together, these countries will account for over 583 million inbound roaming connections, representing 40 per cent of the global market share next year, according to Juniper Research in a statement.

The research identified factors such as strong tourist markets, as well as established and comprehensive roaming agreements as key to high numbers of inbound roaming connections in these five countries.

Specifically, VoLTE roaming readiness and contingencies for 5G and Internet of Things (IoT) connections will prove critical in maximising the return on investment for wholesale roaming revenue.

The analysis also forecasts global wholesale roaming revenue will rise from US$7.1 billion in 2023 to US$27.6 billion by 2028, which will be driven by the proliferation in the demand for data-centric use cases, including IoT over VoLTE and 5G networks. (US$1=RM4.60)

The research urges operators to invest in strong network analytics and device identification tools either in-house or via third-party roaming providers to enable detection of data-intensive roaming connections to provide accurate billing settlements, thus maximising wholesale roaming revenue.

-- BERNAMA

TDCX INC TO RELEASE 2023 2ND QUARTER RESULTS

KUALA LUMPUR, Aug 11 (Bernama) -- TDCX Inc (TDCX), an award-winning digital customer experience (CX) solutions provider, will announce its second quarter unaudited financial results on Aug 23, 2023.

In a statement, TDCX said its senior management will host a conference call on that day to discuss the unaudited financial results.

A live webcast of this conference call will be available on the company’s website, while a replay of the conference call will be available at TDCX’s investor relations website.

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.

Having served clients in fintech, gaming, technology, travel and hospitality, as well as digital advertising and social media, among others, TDCX helps clients achieve their CX aspirations by harnessing technology, human intelligence and its global footprint.

-- BERNAMA

DUCK CREEK EXPANDS TO INDIAN MARKET OFFERING GLOBAL CORE TECHNOLOGY PLATFORM

KUALA LUMPUR, Aug 10 (Bernama) -- Duck Creek Technologies India LLP, a subsidiary of Duck Creek Technologies, 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 centre in India, supported by nearly 1,000 local employees, according to a statement.

“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-personalised insurance solutions that help customers buy or service insurance from any device and anytime,” said Duck Creek Technologies Managing Director APAC, Shaji Sethu.

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.

This is 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.

In addition, Duck Creek's products and solutions will holistically bring a competitive advantage to HDFC ERGO across its entire system, portfolio and operations.

HDFC ERGO President and Chief Technology Officer, Sriram Naganathan said the partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of the company’s wide insurance solutions and enabling it to offer efficient delivery and more convenience for its customers.

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 to help Indian general insurers innovate and modernise their products and services.

-- BERNAMA

JAPAN'S MODERN URBAN VILLAGE AZABUDAI HILLS OPENS ON NOV 24

KUALA LUMPUR, Aug 8 (Bernama) -- Japan’s leading urban landscape developer, Mori Building Co Ltd announced that Azabudai Hills, a multi-use complex and new world-class neighbourhood in Central Tokyo, will open on Nov 24.

According to a statement, this Toranomon-Azabudai District Category 1 Urban Redevelopment Project has been promoted by Mori Building, others and around 300 landowners for approximately 35 years.

Embracing the concept of “Modern Urban Village”, Azabudai Hills is a nature-rich landmark with a world-class business centre, attractive retail and residential facilities and a huge open space filled with lush greenery that brings people together.

Mori Building’s vision is for Azabudai Hills to become a "Green & Wellness" community, where people live harmoniously with nature and lead healthy and fulfilling lives.

Spanning a vast area of approximately 8.1 hectares, Azabudai Hills boasts an impressive 24,000 square metre of lush greenery, providing a total floor area of approximately 861,700 square metre that accommodates diverse urban functions, including offices, residences, retail facilities, cultural facilities, educational institutions and medical facilities.

Azabudai Hills has garnered support from partners who share the vision of creating a green-rich environment and realising a new urban lifestyle within an integrated urban development.

Among these esteemed partners are the Keio University Center for Preventive Medicine; The British School in Tokyo; Janu Tokyo; the Tokyo Venture Capital Hub; approximately 150 retail stores; and the renowned Mori Building Digital Art Museum: EPSON teamLab Borderless.

All these exceptional establishments are set to open in Azabudai Hills and some facilities will open gradually after December, this year.

Azabudai Hills will operate some 23,000 square metre of a large commercial area, surrounded by beautiful greenery, in which the area is home to around 150 shops, including luxury brands, cafes with liberating terraces and several high-end restaurants.

A large-scale food market called Azabudai Hills Market will be created in the basement of the Central Green area.

-- BERNAMA

DISPRZ IGNITES THE FUTURE OF WORKPLACE LEARNING AND SKILLS WITH US$30M SERIES C FUNDING

^{(From left) Subbu Viswanathan (Co-founder and CEO) and Kuljit Chadha (Co-founder and COO)}


Enterprise skilling platform aims to expand its thriving footprint in Southeast Asia, India, and the Middle East while breaking into the US market

 
MUMBAI, India, Aug 7 (Bernama) -- Disprz, the pioneering global leader in the enterprise learning and skilling industry, has achieved a remarkable milestone with a significant US$30 million secured in its Series C funding round. The funding was led by Lumos Capital and 360 ONE Asset (IIFL), alongside support from existing investors Kae Capital, KOIS, and Dallas Venture Capital. With this funding, Disprz is now poised to ignite a world of possibilities through unmatched global expansion and cutting-edge product innovation, including the integration of Generative AI across the learning and skilling cycle.
 
The success of Disprz represents a turning point in enterprise skilling, propelling the company to the forefront of the industry. With a strong focus on unlocking potential on a global scale, Disprz aims to revolutionise the future of learning and skill development in emerging markets, particularly in Southeast Asia, India, and the Middle East, while breaking into the US market. The vast Southeast Asian region, encompassing countries like Malaysia, Singapore, Indonesia, and The Philippines, is expected to benefit immensely from Disprz’s unique business and data driven people development approach, driving businesses to achieve tangible outcomes through skill-based talent management for knowledge workers and learning-driven performance improvement for frontline workers.
 
Since its establishment in 2015, Disprz has witnessed remarkable growth and has garnered a staggering 2.8 million users. Renowned brands such as ICICI Bank, Amazon, IndianOil, and Swiggy have all entrusted Disprz to create transformative people experiences that drive business advancement. In Malaysia, Singapore, Indonesia, and The Philippines, companies such as PETRONAS, AIA, Axiata, RHB Bank, PNM, Yoma Bank, Sinarmas, Starbucks and Malayan Insurance have benefited from Disprz’s bespoke solutions.
 
Guiding the ship of innovation and progress is Mr. Subbu Viswanathan, Disprz’s visionary Co-Founder and CEO. He emphasises that Disprz is not just shaping the learning and skilling space but also creating its future: “By integrating AI, effectively linking learning with performance management and adopting a skills-focused approach, Disprz’s platform can tackle any capability-building or upskilling challenge for any type of workforce. With the world ready to be disrupted by Generative AI and organisations increasingly realising that upskilling and reskilling are not the mandate of just HR but every function, Disprz is ready to shape the industry, and steer towards becoming India’s first centaur (profitable $100 million company) in this category in the next 4-5 years.”
 
Disprz is well-prepared to embark on a global growth journey with SEA as a crucial growth engine utilising the newly secured funds. The company plans to expand its dream product team, hiring data scientists, skilling scientists and software engineers to shape the future of people advancement and people intelligence, including investments in Generative AI capabilities. Additionally, Disprz aims to strengthen its presence in existing markets by establishing larger, localised go-to-market teams in Philippines, Indonesia, Malaysia and Thailand, thereby marrying the state-of-the-art in this space with local cultural context.
 
Executing on the company’s vision would need partnerships with the broader community, as Disprz seeks strategic alliances with key players in the learning and people-tech ecosystem. To enhance its already robust suite of products, Disprz plans to partner with Human Capital Management players, people reward platforms, learning content providers, assessment companies, and global HR consulting firms.
 
Mr. Kuljit Chadha, Disprz Co-Founder & COO, highlights that the company serves over 2.8 million users across nearly 350 organisations globally: “With the latest funding, Disprz’s focus expands to some of the world’s fastest-growing markets, including Indonesia, Malaysia, Singapore, The Philippines, India, UAE, Saudi Arabia, and the US. The company is strategically positioned to capitalise on the increasing demand for innovative and scalable learning and skilling solutions.”
 
Industry leaders have also recognised Disprz’s unique position in the corporate learning segment. Mr. Rohan Wadhwa, Lumos Capital Group Managing Director, notes that Disprz offers a rare combination of breadth and depth in its product offerings, catering to diverse customer needs with the highest level of product innovation. Mr. Karan Ahuja, 360 ONE Asset (IIFL) Fund Manager, praises Disprz’s ability to enable organisations to scale and deliver customised learning solutions, ultimately linking them to business outcomes.
 
Disprz’s remarkable growth trajectory and exemplary leadership have garnered worldwide attention. The successful Series C funding stands as a testament to the company’s unwavering vision for success amidst challenging funding conditions.
 
For more information about Disprz’s transformative journey and remarkable accomplishments, visit their website at https://disprz.ai/.
 

SOURCE : Disprz

Sompo International Names Emily Poh As Head Of Professional Lines Insurance, Asia Pacific

KUALA LUMPUR, Aug 2 (Bernama) -- Sompo International, a global provider of commercial and consumer property and casualty (re)insurance, has appointed Emily Poh as Head of Professional Lines Insurance, Asia Pacific (APAC), to expand commercial insurance business in the region.

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

“While we have well-established personal lines and reinsurance businesses in the region, we are committed to hiring top talent as we expand our commercial lines product offerings and relationships throughout APAC.

“Emily is a highly-skilled professional lines executive with a proven track record of delivering solutions that are the foundation for lasting partnerships, and I am pleased to welcome her to the Commercial Lines APAC team at such a pivotal time in our growth,” said O’Neill.

With nearly two decades of industry experience in APAC, Emily joins Sompo International from Berkshire Hathaway Specialty, where she was Head of Executive and Professional Lines, Singapore, and responsible for managing profitable professional lines portfolios.

Prior to that, she held senior professional and financial lines roles at WTW and AIG in Singapore.

-- BERNAMA

RAYVATEK USES SLM SOLUTIONS' TECHNOLOGY TO ACHIEVE DEVELOPMENT IN AEROSPACE PRODUCTS

KUALA LUMPUR, Aug 1 (Bernama) -- Rayvatek has collaborated with SLM Solutions, the industrial metal 3D printing machines provider, in developing aerospace materials solutions to overcome technical constraints associated with traditional manufacturing methods, and deliver high-performance products with lower cost and greater efficiency.

The aerospace industry was one of the earliest to adopt 3D printing technology and continues to be one of the fastest-growing fields for the application of 3D printing globally.

It is also a key focus sector for SLM Solutions as its metal 3D printing technology is ideally suited to producing materials that meet the strict requirements of aircraft engine manufacturers for metallurgical and mechanical performance, enabling efficient manufacturing processes, superior product quality, and lower production costs.

In a statement, Rayvatek emphasised the value of SLM Solutions technology in developing high-performance products and overcoming common pain points in aerospace materials manufacturing.

In addition, 3D printing technology helps to overcome other constraints associated with traditional manufacturing methods, therefore by using the SLM280 3D printer, Rayvatek is able to manufacture injectors of different sizes via a single manufacturing process.

The SLM280 can fabricate hollow parts for impellers, reducing the weight and the moment of inertia of the product, thereby improving efficiency and reducing energy consumption.

It also help Rayvatek to improve quality control and follow-up testing in the production process, and greatly shorten processing time to achieve cost reduction and efficiency increase.

Rayvatek is an innovative metal additive manufacturing technology and service company, with a presence across Asia Pacific.

-- BERNAMA

Planview Reports Record Q2 and H1 2023, Continues Momentum Amid Challenging Economic Landscape

 

Strong financial performance underscores the demand for prioritization and productivity improvements across digitalization initiatives

AUSTIN, Texas, Aug 2 (BUSINESS WIRE) -- Planview, the leading platform for digital connected work from portfolio planning to delivery, announced today record annual recurring revenue (ARR) and bookings in Q2, continuing strong momentum and growth in 2023. ACV Bookings for Q2 and the first half of the year were at a record high approaching 30% growth year-over-year (YoY), driven by both new customer additions and customer expansions across financial services, automotive, and healthcare. At the close of H1 2023, Planview is outpacing its forecasts on several key measures, including bookings, retention, and ARR this year. These results are driven by significant demand from customers who require data-driven insights to effectively prioritize initiatives, allocate capital and utilize resources across digital transformation efforts.

“The macroenvironment continues to pose challenges for digital transformation efforts in companies around the world. Organizations are faced with inflation, changing customer expectations, and more conservative budgets,” said Razat Gaurav, CEO at Planview. “At the same time, they must continue to drive forward transformation initiatives to adapt and achieve key business outcomes. Planview’s connected solution is uniquely positioned to give leaders and organizations the data-driven alignment, transparency, and visibility to make critical prioritization decisions, enabling companies to increase productivity, improve time-to-market, and de-risk strategic bets.”

H1 2023 Highlights

• Strong ACV bookings growth for the first half of 2023, approaching 30% growth YoY
• Significant improvements to Retention through first half of 2023, +100bps improvement to Net Retention YoY
• Recurring Revenue grew 13% during the first half of 2023 YoY
• Added over 126 net new customers
• Grew total active users for University of Planview by 29% quarter-over-quarter

Strong New Logo and Customer Momentum

Planview’s outperformance and profitable growth has been driven by new customer wins and expansions. New and notable customers who partnered or significantly expanded their footprint with Planview include AT&T, Axcelis Technologies, Bausch + Lomb, Baylor Scott & White Health, CellCarta, ChristianaCare, Commonwealth Bank of Australia, Corewell Health, Ecopetrol Group, Foodstuffs, Ford Motor Company, Inland Empire Health Plan, LandSure Systems, Mitsubishi UFJ Financial Group, New York Life Insurance Company, Omnicell, OneSavings Bank, PagoNxt, Pladis Global, Schaeffler Group, Schwab, Sherwin-Williams, Sun Life Financial, Transport for NSW, Tronox Holdings, Vanguard Group, Vonage, and Voya.

Industry Leadership & Product Innovation

Key milestones that support continued customer success and the company's strong growth:

• Showcased new Generative AI based assistant at the Reuters Momentum AI Summit.
• Released the landmark 2023 Project to Product State of the Industry Report, which revealed that 40% of Digital Innovation work is being wasted today.
• Recognized for the second consecutive year as a leader in the 2023 Gartner® Magic Quadrant™ for Strategic Portfolio Management. The company was positioned furthest for Completeness of Vision.
• Expanded its global footprint with growing teams in North America, EMEA, Israel and India, with a focus on Artificial Intelligence (AI), Data Science, R&D, Premium Support, Managed Services, InfoSec, and Partners/Strategic Alliances.
• Increased its global partner ecosystem with the additions of UiPath and NTT Data, focused on delivering Value Stream Management capabilities.
• Dramatically expanded its partnership with AWS, including achievement of AWS ISV Accelerate Program membership and the launch of five Planview solutions in the AWS Marketplace.
• Increased in monthly active users by 15% YoY for leading products.

Planview is continuing to invest heavily in product innovation, customer success and go-to-market, building a foundation for continued customer satisfaction and growth in 2023 and beyond.

About Planview

Planview has one mission: to build the future of connected work, from ideas to impact. Planview helps organizations accelerate the achievement of what matters most, supporting our customers from need to speed, from passion to progress, and from overhead to optimization. Our connected platform of solutions underpins the business and digital transformations of more than 4,500 customers globally, including 59 of the Fortune 100. Planview empowers enterprises to improve time-to-market and predictability, increase efficiency to unlock capacity, and ensure their most strategic initiatives deliver the desired business outcomes. Learn more about our portfolio at planview.com, and connect with us on LinkedIn and Twitter.


View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230720450990/en/

Contact

Media Relations for Planview
Natalie Reina
Director of Corp Comms
956-878-9176
natalie.reina@planview.com

Source : Planview