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Blackboard Launches Learning Analytics Solution

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Application Gives Leaders Unprecedented View of Learning Across Institution

WASHINGTON, April 25, 2012 /PRNewswire-Asia/ — At a time when education institutions are increasingly looking for ways to leverage data to improve performance and student outcomes, Blackboard Inc. today announced the launch of Blackboard Analytics for Learn( http://www.blackboard.com/Platforms/Analytics/Products/Blackboard-Analytics-for-Learn.aspx?cmpid=AB_Products-AA_031912 )(TM), a solution that gives education leaders an unprecedented view of teaching and learning across their institution.

The application harnesses learning activity and data from the learning management( http://www.blackboard.com/Platforms/Learn/Overview.aspx ) (LMS) and student information systems (SIS) to give education stakeholders at all levels access to on demand information needed to improve academic success and student retention.

Armed with greater insight, campus leaders can better set and measure learning goals and assess the success of various programs. Instructors can quickly identify where students are falling behind and intervene to support them, and get better insight into course development approaches that can be more engaging for students. Even students can leverage the application to gain insight into course activity and progression measures of their peers to better understand activity patterns associated with peer performance.

“Campus-wide, we have various initiatives that support completion and retention, and this tool empowers all parties involved by providing critical data that reveals where changes are needed,” said Celeste Schwartz, Vice President for Information Technology at Montgomery County Community College. “There is a need across the industry for data analytics in education and it will soon become a standard to use a tool like this.”

Blackboard Analytics provides a complete and customizable view of teaching and learning data through reports and dashboards that draw critical information from an institution’s Blackboard Learn( http://www.blackboard.com/Platforms/Learn/Products/Blackboard-Learn.aspx )(TM) platform and SIS. The reports highlight activities institution-wide, analyze efficiencies across academic departments, evaluate individual student performance based on demographics, degree programs and more.

Clients participating in a field trial for the solution earlier this year reported great success in gaining insight into student activity, identifying outstanding course designs that promoted active student engagement, and fostering a culture of discovery and investigation about the future of online and blended learning at their campuses.

“Throughout the field trial, Blackboard has truly been a partner, not just a vendor,” said John Fritz, Assistant Vice President of Instructional Technology and New Media at the University of Maryland, Baltimore County. “Having a tool like Blackboard Analytics for Learn that provides a deep level of data analysis was always a priority for UMBC, but a time-consuming project to undertake. Blackboard worked with us to expand our current capabilities to meet the need for rich reporting.”

“Business intelligence is critical to the success of an organization, but it is underutilized in education due to resource constraints of traditional methods,” said Jim Hermens, General Manager of Blackboard Analytics. “This solution is designed to harness the wealth of data that institutions already possess, and place information in the hands of those who need it most, when they need it most. We want to give academic leaders the tools to help them make better decisions about their programs, meet the internal and external pressures for accountability, and ultimately contribute to student success.”

Blackboard Analytics for Learn was built on the Blackboard Analytics(TM) platform and is one of six modules in the suite of solutions. Each module within Blackboard Analytics provides immediate access to data analytics( http://www.blackboard.com/Platforms/Analytics/Overview.aspx ) and insight on areas including enrollment management, finance and human resources. Blackboard Analytics was launched in 2011 and is now used to guide data-driven decision making at more than 130 higher education institutions.

Blackboard Analytics for Learn is currently available for clients using Blackboard Learn(TM) 9.1, with Service Pack 4 or later. The application integrates with the leading SIS solutions and can be customized to integrate with other SIS solutions.

For more information about Blackboard Analytics for Learn, please visit: http://www.blackboard.com/Platforms/Analytics/Products/Blackboard-Analytics-for-Learn.aspx

About Blackboard Inc.

Blackboard Inc. is a global leader in enterprise technology and innovative solutions that improve the experience of millions of students and learners around the world every day. Blackboard’s solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. Founded in 1997, Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Asia and Australia.

Any statements in this press release about future expectations, plans and prospects for Blackboard represent the Company’s views as of the date of this press release. Actual results may differ materially as a result of various important factors. The Company anticipates that subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these statements at some point in the future, the Company specifically disclaims any obligation to do so.

SOURCE﹛Blackboard Inc.

Written by asiafreshnews

April 26, 2012 at 3:28 pm

Posted in Uncategorized

Western Union Reaches 500,000 Agent Location Milestone

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SYDNEY, April 25, 2012 /PRNewswire-Asia/ —

Company Announces US$500,000 Commitment to Fund Economic Development and Entrepreneurship Programs in New York City, China, India, Mexico and the Philippines

The Western Union Company (NYSE: WU), a leader in global payment services, today announced it has opened the 500,000th Agent location through which it provides its expanding portfolio of financial services. The network spans more than 200 countries and territories, and is a centerpiece of Western Union’s strategy to provide mainstream financial services — either cash, card or digitally-based — to underserved consumers and businesses globally.

(Photo: http://www.prnasia.com/sa/2012/04/25/2012042510590518270.html )

To commemorate the occasion, Western Union announced a US$500,000 commitment to fund economic development and entrepreneurship programs in New York City, China, India, Mexico and the Philippines over a five-year period.

Attending the Western Union event included: Ms. Liu Yi, Commercial Counselor, Consulate General of the People’s Republic of China in New York; Ambassador Prabhu Dayal, Consul General of the Republic of India in New York; the Hon. Carlos M. Sada Solana, Consul General of Mexico in New York; the Hon. Mario Lopez de Leon, Jr., Consul General of the Republic of the Philippines in New York; Seth W. Pinsky, President, New York City Economic Development Corporation; and Fatima Shama, Commissioner, Mayor’s Office for Immigrant Affairs, New York City.

Western Union’s 500,000th location is Freedom News in New York City. The business is owned by Deepak Patel from India, who migrated to the United States in 1986 in pursuit of a better life. Having worked late nights, sometimes 24-hour shifts across newsstands in the New York City subway system, today Deepak is living his dream, owning multiple retail stores in New York.

Complementing its core money transfer business, Western Union also is the leading non-bank provider of cross-border business payments, for mostly small and medium-sized enterprises (SMEs). The estimated international SME cross-border business payments market is US$24 billion.

Hikmet Ersek, President and CEO Western Union said, “Western Union is changing quickly.  Building on our strong global fundamentals — our brand, Agent network and regulatory expertise — we are creating a more dynamic organization and product set focused on the underserved market — economically viable consumers and businesses whose financial services needs are not being met fully by other segments of the industry.”

“Our vision is to establish one million Western Union touch points — in every corner of the globe where anyone, anywhere can send a money transfer, pay bills, obtain and reload a prepaid card or pick up funds sent through a Western Union yellow phone or the Internet. We believe access to financial services is not a luxury, it’s a necessity,” concluded Ersek.

Remittances contribute to economic stability around the world, by serving as a critical source of foreign capital in many countries. Western Union is a leader in this US$416 billion annual cross-border flow (Note 1) of resources, completing 226 million consumer-to-consumer transactions worldwide, moving US$81 billion of principal between consumers, and completing 425 million business payments in 2011.

For more than 160 years, the familiar signs of Western Union have stood as a trusted symbol for connecting friends, family and businesses around the world. Western Union was founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company. The company changed its name to Western Union in 1856 to mark the consolidation of several telegraph lines in what was then the Western-most reaches of the American telegraph system. Western Union first introduced money transfer in 1871.

Note 1: AITE, “Cross-Border Consumer Money Transfers: An Update,” July 2011.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 495,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving US$81 billion of principal between consumers, and completed 425 million business payments. For more information, visit www.westernunion.com.

WU-F, WU-G

For further information please call Western Union: Pia De Lima: +852-9261-8155; pia.delima@westernunion.com

Connie Yip: +852-6392-6221; connie.yip@westernunion.com

SOURCE  Western Union

Written by asiafreshnews

April 26, 2012 at 12:52 pm

Posted in Business & Finance

Oxford Company with a Passion for Education Wins Queen’s Award for Enterprise in International Trade

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OXFORD, England, April 25, 2012 /PRNewswire-Asia/ —

Oxford Royale Academy wins UK’s most prestigious business award

http://www.oxford-royale.co.uk/oxford-summer-school.html

Oxford Royale Academy, a firm with a passion for international education, has been awarded the Queen’s Award for Enterprise 2012, in the International Trade category. This prestigious award is in recognition of Oxford Royale Academy’s outstanding success in offering thousands of international students the opportunity to study in the historic university cities of Oxford and Cambridge.

(Logo: http://photos.prnewswire.com/prnh/20120425/527246-a )

(Logo: http://photos.prnewswire.com/prnh/20120425/527246-b )

Over the last seven years Oxford Royale Academy has delivered sustained, uninterrupted growth, diversifying its educational portfolio for both children (13-18 years) and adults. In summer 2012 Oxford Royale Academy will teach students from over 90 nations at six different colleges in the cities of Oxford and Cambridge:

— Balliol College, Oxford
— Clare College, Cambridge
— Corpus Christi College, Oxford
— Lady Margaret Hall, Oxford
— St. Catherine’s College, Oxford
— St. Peter’s College, Oxford

Oxford Royale Academy is proud to make a notable contribution to the UK’s international education sector whilst offering a remarkably international and cosmopolitan student body the chance to learn in a unique university environment, visit beautiful stately homes and national landmarks, and explore Oxford and Cambridge’s rich cultural life.

The continued success of our summer courses suggests that the UK, and the cities of Oxford and Cambridge in particular, is still viewed throughout the world as the premium destination for education-based travel.

Oxford Royale Academy adds the Queen’s Award for Enterprise to the British Educational Travel Association’s Best Educational Product award which it won in 2010 and 2011.

For more information please visit us online at: http://www.oxford-royale.co.uk/oxford-summer-school.html

— Website: http://www.oxford-royale.co.uk
— High resolution photographs available on request

About Oxford Royale Academy:

— Founded 2005
— Winner of British Educational Travel Association’s Best Educational Product in 2010 and 2011
— Employs 250 staff at peak
— Accredited by the British Accreditation Council and the British Council
— Member of EnglishUK, StudyUK, World Youth Student & Educational Travel Confederation and a supporting member of the Council of British International Schools
— Visit http://www.oxford-royale.co.uk for further details

SOURCE﹛Oxford Royale Academy

Written by asiafreshnews

April 26, 2012 at 12:27 pm

Posted in Uncategorized

New Employees Race To Make An Impact As Short Term Results Dominate Management Thinking

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— Performance is the number one measure of recruitment success

— New staff under pressure to make greatest impact in their first year

— Employers target recruits who make good decisions, bring creativity and build good relationships with bosses and peers

LONDON, April 25, 2012 /PRNewswire-Asia/ — New professional and managerial level employees face a make-or-break ‘race for impact’ as businesses demand more from staff during the tough economic climate, according to a global study from recruitment solutions company, Futurestep.

The good performance of a new employee at this level is three times more valuable than retention. And three quarters (76 percent) of those surveyed now measure the impact of new recruits within their first 12 months.

The inaugural Futurestep Global Talent Impact Study 2012: Understanding the Race for Impact surveyed over 1,500 HR professionals across five continents*, and examined their views of the impact of professional and managerial talent and how they measure it.

Only five percent of respondents believe that an employee at this level has the greatest positive impact after three years, reinforcing the short term focus of businesses.

Futurestep found that the most successful new professional and managerial hires demonstrate three ‘golden keys to success’:

— Decision quality – Makes accurate and good decisions
— Action oriented – Is quick to take initiative
— Customer focus – Is dedicated to meeting customers’ needs and expectations

But businesses’ focus on the short term means many organizations risk overlooking the valuable contributions this employee group makes over the longer term. Despite three quarters of them measuring performance in the first year, over a third of these (36 percent) admit that employees make the greatest impact after year one when they are actively contributing to the team and understand their organization’s culture and the over-arching business environment.

Byrne Mulrooney, Chief Executive Officer, Futurestep said: “The study highlights a risk that employers may lose interest in new staff after twelve months, overlooking the fact that if they continue to develop and measure the impact of talented individuals, they can contribute to the long term strategic success of the business.”

“Fundamentally it’s about understanding how to unlock this potential beyond the honeymoon period. It’s crucial that businesses not only identify the competencies required to make an impact from day one, but also cultivate the skills that will continue to deliver benefits in the medium to long term. Businesses that adopt a more future-focused approach to measuring the impact of talent will be best placed to grow and prosper.”

To be successful in the long term, new hires need to:

— Show decision quality in year one 每 making goodchoices and importantly not making bad ones (18 percent viewed this as the most important skill if you are to make an impact in the first six months)
— Have good relationships with peers and your boss. This becomes more important in the medium term with 26 percent of respondents viewing poor relationships with bosses and 37 percent regarding peer relationships as reasons for limiting career progression
— Be able to motivate others (32 percent viewed this as having the greatest impact on the team) and demonstrate integrity and trust (20 percent said this was most likely to positively impact peers and stakeholders)

Mulrooney added: “To maximize the impact you make on the business, you need well thought out decisions, great ideas, and the ability to build good relationships with bosses and peers 每 these are the golden keys to success.”

He concluded: “The big challenge for organizations is to successfully spot these attributes in candidates and help them develop to their full potential beyond the first year. The research also suggests our industry is too often focused on the immediate performance of individuals as the main indicator of a successful recruitment process. Instead, we need to work together to develop and adopt more holistic approach to understanding of the value of HR in the long term and in driving business growth.”

For Byrne Mulrooney’s insights on the Global Talent Impact Study 2012: Understanding the Race for Impact¸ please watch the video here: at http://youtu.be/QyZJokrEL9s.

Notes to editors

*Futurestep conducted online surveys with a sample of 1,589 HR professionals in the US, UK, France, Germany, Brazil, China, Hong Kong and Australia. The fieldwork was conducted by Research Now, an independent research company, in accordance with the ICC/ESOMAR Code on Market and Social Research. Respondents were visitors to Futurestep websites or members of Research Now’s global business panel. Surveying took place between February 21 and March 9, 2012. Data analysis was carried out by The Analytics Hub, an independent statistical firm.

Follow-up qualitative telephone interviews were conducted with 15 survey respondents who had agreed to be re-contacted. These took place between March 26 and March 30 2012.

Follow the conversation on Twitter @futurestep #talentwithimpact

About Futurestep

Futurestep is the global industry leader in high-impact recruitment solutions; offering fully customized, flexible strategies to help organizations meet specific workforce needs.

Our clients turn to us for proven expertise, a global process and infrastructure, proprietary competency models, innovative sourcing strategies, and a unique approach to measure and optimize business impact.

As a Korn/Ferry Company, Futurestep can meet a variety of workforce requirements; from RPO and project recruitment, to single search and consulting, our solutions apply a truly world-class capability to deliver talent with impact, providing the experience and global reach to identify, attract and retain the people who drive business success. To learn more, visit http://www.futurestep.com.

About Korn/Ferry powered by Lominger

Korn/Ferry International, the premier provider of talent management solutions, acquired Lominger in 2006. The Lominger suite of research-based, experience-tested, and internationally recognized methodologies are core to Korn/Ferry’s suite of service offerings and capabilities and can be customized to fit any organization’s culture or operating style.

Lominger( http://www.lominger.com/about.aspx ) was founded in 1991 by Michael M. Lombardo, Ed.D. and Robert W. Eichinger, Ph.D. The Lominger competency framework has been used extensively in this research. In developing the questionnaire, we selected 26 competencies that have been shown as being most related to performance in managerial roles on the basis of Korn/Ferry validation studies. Our sample of HR professionals then gave their views on the importance of those competencies in a variety of contexts, as discussed throughout the body of the report.

The framework of competencies developed by Lominger has been used extensively in this research. In developing the questionnaire, 26 competencies that have been shown as being most related to performance in managerial roles on the basis of Lominger validation studies were selected. A cross section of talent and recruitment professionals then gave their views on the importance of those competencies in a variety of contexts, as discussed throughout the body of the report.

SOURCE﹛Futurestep

Written by asiafreshnews

April 26, 2012 at 12:08 pm

Posted in Uncategorized

DHL Recognized for Product Excellence at The Global CSR Awards 2012

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SINGAPORE, April 25, 2012 /PRNewswire-Asia/ — DHL, the world’s leading logistics company, was honored with the Product Excellence award at the 4th Annual Global CSR Awards 2012, Asia’s most prestigious recognition awards programme for corporate social responsibility. The award recognizes the company for its efforts in minimizing the environmental impact of shipping goods around the world with its GOGREEN service.

(Logo: http://www.prnasia.com/sa/2010/09/02/20100902467742-l.jpg )
(Photo: http://www.prnasia.com/sa/2012/04/24/20120424175847791252.html )

Starting in 2006, DHL was the first logistics company to introduce a carbon neutral shipping service – the GOGREEN Carbon Neutral service. Today, the service covers letters, parcels and express deliveries, and recently, freight shipments. This service calculates CO2 emissions produced during the shipping process, which DHL then offsets through investments in external climate protection projects in India, China, Brazil, Nicaragua and Turkey.

Jerry Hsu, Chief Executive Officer of DHL Express Asia Pacific, says, “Energy efficiency and climate change are the greatest ecological challenges faced by the transportation industry. As the world’s leading express and logistics company, we recognize our responsibility and have been committed to addressing these environmental challenges with innovative eco-friendly shipping options. In 2006, DHL Express was the first division to offer 100 percent carbon neutral shipping service with the GOGREEN Carbon Neutral service. Today, we partner with some of the world’s leading organizations in rolling out region-wide carbon offsetting and emission reduction programs. These programs have supported our customers in their corporate sustainability goals, heightened their environmental credibility and made a positive impact on climate change.”

In 2010, DHL sent 1.7 billion GOGREEN shipments across all business units and in the process offset around 82,000 tonnes of CO2 for its customers. In the same year, the Express division in Asia Pacific achieved double-digit improvements with CO2 efficiency(1) up 14.1 per cent compared to 2009.

“We are pleased and honored to be recognized for our efforts in supporting our customers’ sustainability agenda. The combination of DHL Global Forwarding’s long-standing carbon accounting expertise and strong track record in neutralizing the emissions of its customers, make our unique GOGREEN product offering second-to-none in terms of quality and reliability,” adds Kelvin Leung, Chief Executive Officer of DHL Global Forwarding Asia Pacific.

In 2010, DHL Global Forwarding launched three environmentally friendly products, enabling its customers to obtain a new Carbon Footprint Report, which offers a detailed overview of the CO2 emissions generated by their shipments per trade lane. Customers can also order a Carbon Offsetting of their shipments where the generated CO2 emissions are offset via certified external climate protection projects. To provide customers with clear and transparent analyses of emissions associated with their shipments, DHL Global Forwarding also offers customers the GOGREEN Carbon Dashboard, an easily accessed IT platform.

The GOGREEN services offered by the DHL Express and DHL Global Forwarding, Freight divisions form part of the overall environmental protection program of Deutsche Post DHL. Customers of DHL GOGREEN services receive a statement for their CO2 neutral shipments, which they can use in their own value-added chain. The emissions calculations and offsetting for the GOGREEN service are reviewed annually by the independent Societe Generale de Surveillance, in line with the principles of the ISO 14064 standard.

Deutsche Post DHL is the first logistics company to set a specific, quantifiable carbon efficiency target. The group has set itself the target to reduce CO2 emissions by 30 percent by 2020. The group already reached its interim target of a 10 percent reduction by 2012 ahead of schedule. Moving into the future, DHL also plans to adopt a range of initiatives to achieve the group’s efficiency target. For example, it will replace 90 percent of its air fleet with more fuel-efficient aircraft by 2020. It plans to cut CO2 emissions of its ground fleet through the use of cleaner technologies. It will also improve energy efficiency in its real estate assets, such as hubs, warehouses and offices.

The Global CSR Awards are organized by The Pinnacle Group International to recognize and honor companies for their outstanding, innovative and world-class products, services, projects and programmes implemented in 2011-2012. These projects demonstrate the company’s leadership, sincerity and on-going commitment in incorporating ethical values, compliance with legal requirements, and respect for individuals, communities and the environment in the way they do business. The other award categories for this year include Best Environmental Excellence Award, Best Community Programme Award, Best Workplace Practices and CSR Leadership Award.

Note:

(1) Includes Greenhouse Gas (GHG) Protocol Scope 1, 2 & 3 CO2 emissions on
the ground, but excludes all aviation CO2

– End –

DHL – The Logistics company for the world

DHL is the global market leader in the logistics industry and “The Logistics company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 275,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting climate protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of 53 billion Euros in 2011.

For the latest news and happenings about DHL in Asia Pacific, visit http://press.ap.dhl.com.

SOURCE﹛DHL

Written by asiafreshnews

April 26, 2012 at 10:59 am

Posted in Uncategorized

SunGard Launches New Version of its Ambit Core Banking Solution for Balance Sheet Management

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KUALA LUMPUR, Malaysia, April 24, 2012 /PRNewswire-Asia/ — SunGard has unveiled a new version of Ambit Core Banking, its universal core banking system, to help banks stabilize earnings and respond to margin pressure. Ambit Core Banking now includes balance sheet and risk management tools embedded into the core banking system in addition to retail deposits and lending, commercial banking, trade finance, and treasury management.

Providing balance sheet and risk management tools as an embedded component of a core banking system will help banks have a more accurate view of risk across the enterprise. Ambit Core Banking uses a single data model to help improve data consistency, accuracy and transparency of balance sheet information as an integrated component of core banking infrastructure.

In addition to providing accurate balance sheet and risk management data, Ambit Core Banking also offers workflow tools to help banks embed risk management processes into decision making across the organization. It helps banks interpret and use balance sheet risk information for improved strategic decision making, such as discontinuing unprofitable channels, and adjusting risk appetite or capital on reserve.

Michael Araneta, research director at IDC Financial Insights said, “Multiple post-crisis challenges have exposed the flaws in legacy architectures and driven a renewed focus on systems modernization. But today the biggest drivers for core systems transformation are underpinned by the need for more rigorous risk management practices, stringent regulatory compliance capabilities and the health and stability of the balance sheet — a bank’s single most important asset.”

Ambit Core Banking is based on the Banking Industry Architecture Network (BIAN) standards and built using a componentized service-orientated architecture, allowing banks to implement only the functionality they require in a manageable and phased way. This approach also enhances a bank’s organizational agility as it helps the bank to adapt more quickly to market changes.

Hans Tesselaar, executive director of BIAN said, “Banks are under pressure to deliver innovative products that enhance the customer experience, while also increasing flexibility and reducing costs. Adopting a service-oriented architecture will help banks migrate to a more modern infrastructure in a measured and managed way.”

David Hamilton, president of SunGard’s banking business, said, “Banks are reevaluating, and in some cases rebuilding, their operational models in order to help them restore profitability. The role of a core banking system is no longer simply that of a transaction processing engine, but is the primary provider of data into balance sheet management systems. The ability for banks to embed balance sheet management strategies across the organization will become essential to the ongoing stability of the bank.”

About BIAN

BIAN is a not for profit organization which seeks to accelerate the adoption of Service Oriented Architecture (SOA) in the banking industry by promoting convergence towards a common services landscape and semantic standards which makes it easier and more cost-effective to integrated such services.

About SunGard’s Ambit

SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about US$4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

SOURCE﹛SunGard

Written by asiafreshnews

April 26, 2012 at 9:36 am

Posted in Uncategorized

TutorGroup Raises US$15 million from Qiming Venture Partners to Fund Expansion in China

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SHANGHAI, April 25, 2012 /PRNewswire-Asia/ — Online language live tutoring company TutorGroup (the parent company of VIPABC.com( http://www.vipabc.com ) and TutorABC.com( http://www.tutorabc.com/aspx/mvc )), a premier provider of live synchronous e-Learning services, announced today that it has raised US$15 million in growth financing from Qiming Venture Partners. This investment will fund the rapid expansion and broad delivery of TutorGroup services throughout China.

The fast growth of China’s private education market is being driven by globalization, and the English tutoring segment that TutorGroup primarily targets has an addressable market of over US$17 billion by 2015, which is growing at 25% annually. Mr. JP Gan, Managing Partner of Qiming Venture Partners, said: “We value the tremendous potential of TutorGroup’s scalability, augmented by worldwide teaching resources via internet; TutorGroup’s tutors and customers are all situated all around the world, a true practice of globally operating business model.” He added, “We look forward to building a great company together and becoming the world’s largest online education platform.”

Dr. Eric Yang, TutorGroup’s CEO, said: “Our partnership with QiMing Venture Partners represents another significant milestone for TutorGroup. It demonstrates a strong acknowledgement of our achievement and viability of our business model.”

Since 2004, TutorGroup has been a leader in the development of a scalable e-Learning platform for 24/7/365 non-stop live tutoring. TutorGroup is currently one of the world’s largest online live language training companies to provide its customers self booking and customized learning solution with its proprietary software for dynamic learning experience. Synchronous interaction between teachers and students during online classes has swept the market of professional clienteles and major corporate. To date, with VIPABC.com( http://www.vipabc.com ) and TutorABC.com( http://www.tutorabc.com ) in mainland China and Taiwan respectively, TutorGroup has conducted over 5 million classes for their student and clients accessing in 14 countries.

To address and maintain teacher quality, TutorGroup as a leading brand employs the industry’s most rigorous training program; and TutorGroup was the first to introduce a merit pay program where student review of teacher performance sets teacher pay, creating a self-sustaining ecosystem of top quality instructors.

TutorGroup has established a cloud computing architecture for personalized language training. This proprietary architecture is today complimented by a network of over 1,000 certified tutors in 60 cities worldwide, providing students 24/7 access to quality English language consulting in 14 countries. TutorGroup offers online classes from conversational and business English to preparation for standardized language tests. With its suite of proprietary software modules to monitor and enhance the live learning experience and patented fuzzy-coupling mechanism that smart-selects lesson plans and teachers based on the student’s background, preferences, proficiency level and needs, TutorGroup has redefined the concept of customized learning solutions.

TutorGroup’s launch of its browser-based TutorMobile(R) classroom on the Android platform in 2011 marked the world’s first synchronous application of its kind; and the much anticipated release of TutorMobile(R) on the iOS for both iPads and iPhones in the second quarter of 2012 will again raise the bar in classroom delivery, making learning truly mobile and universally accessible.

Dr. Eric Yang, TutorGroup’s CEO, said: “Teaching is noble and virtually still a service business. TutorGroup embraces e-learning 2.0 and strives for each customer to take control of and maximize the use of their time in learning. The internet has flattened the world, and it has changed the fundamental landscape of education. We will continue to bring disruptive innovation into this evolving frontier. TutorGroup’s quality of education is built upon our ‘Education as a Service’ philosophy.”

TutorGroup’s initial focus on the language learning needs of working professionals and major corporate has quickly expanded into multiple brands and products to service different markets. Of particular importance is the addition of TutorABCJr.com( http://www.tutorabcjr.com ) for students from grades 6 to 12 and Mandarin language training under the TutorMing.com( http://www.tutorming.com ) brand, a premium segment showing promising growth. Notably the number of AP Chinese language exam test takers and those studying Mandarin in US colleges have doubled in recent years, making Mandarin the fastest growing second language in the U.S. On a worldwide scale, learners of Mandarin have reportedly reached 40 million. This trend signals an enormous market opportunity for accelerating TutorGroup’s expansion into diverse geographic and language markets.

About Qiming Venture Partners

Qiming Venture Partners is a leading venture capital firm in China with offices in Shanghai, Beijing, Hong Kong, and Seattle. Founded in February 2006, Qiming currently manages five funds with US$1.1 Billion in assets and focuses on early to growth stage investments in Information Technology, Internet and Consumer, Healthcare, and Cleantech. Qiming’s over 20 partners and investment professionals who all have strong operational experience and successful investment track records add a great deal of value to the portfolio companies. Qiming has invested in over 60 companies and many of them have gone IPO or mergers and acquisitions. Qiming has established a great reputation and strives to be the top investment partner by the Chinese entrepreneurs. Visit http://www.qimingventures.com for more information.

About TutorGroup

Founded in 2004, TutorGroup is a leading, online language institute specializing in English training in Asia and Mandarin Chinese training for global business professionals. TutorGroup created the first commercially available synchronous learning portal in the world and developed four prominent service product businesses including VIPABC.com( http://www.vipabc.com ), TutorABC.com( http://www.tutorabc.com/aspx/mvc ), TutorABCJr.com( http://www.tutorabcjr.com ) for English training and TutorMing.com( http://www.tutorming.com ) for Mandarin Chinese. To date TutorGroup has conducted over 5 million classes in 14 countries. Visit http://www.tutor-group.com for more information.

Contactsㄩ

TutorGroup Inc.
+86-4006303022
Investor Relations: ir@tutor-group.com
Press Inquiry: press@tutor-group.com

SOURCE﹛TutorGroup Inc.

Written by asiafreshnews

April 25, 2012 at 3:25 pm

Posted in Uncategorized

Notore Set to Increase Fertiliser Production Through Joint Development With Mitsubishi Corporation

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LAGOS, Nigeria, April 24, 2012/PRNewswire-Asia/ —

Notore Chemical Industries Limited (Notore), owner of the only urea fertiliser plant in sub-Saharan Africa, has just signed a Joint Venture Agreement with Mitsubishi Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other petrochemicals plant at its existing facility at Onne, Rivers State, Nigeria.

Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods and environmental business.

The project will involve the construction of an integrated plant complex with production capacities of 1,700 metric tonnes per day (MT/day) of ammonia, 3,000 MT/day of urea and 1,500 MT/day of other petrochemicals.

An agreement was also signed with Mitsubishi Heavy Industries (MHI) in Japan to carry out the pre-FEED for the project. It is expected that early works, (including FEED) should be concluded in the first quarter of 2013. The early works phase will be followed by 36 months of Engineering, Procurement and Construction (EPC). The new plant, owing to its advantage of being built on a “brown-field” site with existing gas facilities and other infrastructure, is expected to come on-stream by 2016.

Notore commenced production of commercial quantities of ammonia in January 2010 and granular urea in April 2010 at its 300,000 Metric Tonnes (MT)/annum ammonia and 500,000 MT/annum urea capacity plant. Today, the company has achieved its plant’s nameplate capacity through a refurbishment and operational excellence programme that it embarked upon. A debottlenecking exercise is planned for Q4, 2013 which will further increase annual output to 430,000MT of ammonia and 750,000MT of urea.

Proven world class technologies will be deployed for the ammonia, other petrochemicals, urea synthesis and urea granulation processes. The project has tremendous environmental benefits. Natural gas, which is currently being flared in Nigeria, will be utilized as the raw material for the production of these chemicals. The combined urea and petrochemicals plant project will have the additional advantage of being more environmentally friendly as excess carbon dioxide from the process would be further utilized for the petrochemicals production. The plant will create about 1,000 direct jobs and provide 10,500 indirect jobs nationwide. Over 2 million farmers would have access to the fertilisers which could mean a ten-fold increase of their harvest with a rippling contribution to Nigeria’s GDP to over N300billion.

SOURCE﹛Notore Chemical Industries Limited

Written by asiafreshnews

April 25, 2012 at 1:57 pm

Posted in Uncategorized

Notore Set to Increase Fertiliser Production Through Joint Development With Mitsubishi Corporation

leave a comment »

LAGOS, Nigeria, April 24, 2012/PRNewswire-Asia/ —

Notore Chemical Industries Limited (Notore), owner of the only urea fertiliser plant in sub-Saharan Africa, has just signed a Joint Venture Agreement with Mitsubishi Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other petrochemicals plant at its existing facility at Onne, Rivers State, Nigeria.

Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods and environmental business.

The project will involve the construction of an integrated plant complex with production capacities of 1,700 metric tonnes per day (MT/day) of ammonia, 3,000 MT/day of urea and 1,500 MT/day of other petrochemicals.

An agreement was also signed with Mitsubishi Heavy Industries (MHI) in Japan to carry out the pre-FEED for the project. It is expected that early works, (including FEED) should be concluded in the first quarter of 2013. The early works phase will be followed by 36 months of Engineering, Procurement and Construction (EPC). The new plant, owing to its advantage of being built on a “brown-field” site with existing gas facilities and other infrastructure, is expected to come on-stream by 2016.

Notore commenced production of commercial quantities of ammonia in January 2010 and granular urea in April 2010 at its 300,000 Metric Tonnes (MT)/annum ammonia and 500,000 MT/annum urea capacity plant. Today, the company has achieved its plant’s nameplate capacity through a refurbishment and operational excellence programme that it embarked upon. A debottlenecking exercise is planned for Q4, 2013 which will further increase annual output to 430,000MT of ammonia and 750,000MT of urea.

Proven world class technologies will be deployed for the ammonia, other petrochemicals, urea synthesis and urea granulation processes. The project has tremendous environmental benefits. Natural gas, which is currently being flared in Nigeria, will be utilized as the raw material for the production of these chemicals. The combined urea and petrochemicals plant project will have the additional advantage of being more environmentally friendly as excess carbon dioxide from the process would be further utilized for the petrochemicals production. The plant will create about 1,000 direct jobs and provide 10,500 indirect jobs nationwide. Over 2 million farmers would have access to the fertilisers which could mean a ten-fold increase of their harvest with a rippling contribution to Nigeria’s GDP to over N300billion.

SOURCE﹛Notore Chemical Industries Limited

Written by asiafreshnews

April 25, 2012 at 1:56 pm

Posted in Uncategorized

Tellabs and NEC Networks & System Integration Sign Agreement for the Resale of Tellabs(R) 7100 Packet Optical Transport System in Japanese market

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TOKYO, April 24, 2012 /PRNewswire-Asia/ — Tellabs, a leading vendor of optical networking solutions, and NEC Networks & System Integration Corporation (NEC Networks & SI), a leading Japanese network systems integrator have signed an agreement for the resale of Tellabs(R) 7100 Packet Optical Transport System into the Japanese marketplace.

Under the agreement, NEC Networks & SI will be the appointed channel partner for the Tellabs 7100 next-generation packet optical transport system, and will provide sales, system integration, and maintenance support throughout Japan. Under the terms of the agreement, Tellabs-trained NEC Networks & SI engineers will install the Tellabs 7100 system. The Tellabs 7100 is currently undergoing trials in the network of a key Japanese data center operator, and NEC Networks & SI has also performed their own evaluation tests.

The Tellabs 7100 P-OTS (Packet Optical Transport System), by combining ROADM-based DWDM, SDH, OTN and Ethernet switching functionality on a single platform, optimizes packet transport by reducing the number of nodes per layer, lowers bit cost, and simplifies operational monitoring, with low latency and high reliability. Based on data from companies that are operating the Tellabs 7100 system, customers can expect to save as much as 50% in ongoing operational costs.

“The Japanese market is an important market for cloud services and other data center applications,” said Tomohiro Furuya, managing director of Tellabs Japan. “For companies and operators providing these applications, there are significant benefits to having technology support from a partner like NEC Networks & SI, who has many years of experience in the ICT field and has become a trusted leader. It is an honor that NEC Networks & SI has chosen the Tellabs 7100 system as part of its advanced technology portfolio.”

Under the terms of the sales agreement, Tellabs and NEC Networks & SI will provide comprehensive support for the Tellabs 7100 system, the Tellabs(R) 8000 Intelligent Network Manager and Tellabs(R) 7300 Metro Ethernet Switching Series for the Japanese market for optimized mobile backhaul, cloud, and data center applications.

About NEC Networks & System Integration Corporation (NEC Networks & SI, Tokyo Stock Exchange: 1973) — NEC Networks & SI was established in 1953 and is, today, a leading Japanese network systems integrator. The Company provides integrated services from ICT consultation to design, systems integration, operation and maintenance. The organization has more than 50 sales locations and more than 300 service locations throughout Japan, providing 24-hour service 365 days a year.

About Tellabs — Tellabs innovations advance the smart mobile Internet and help our customers succeed. That’s why 80% of the world’s top communications service providers choose our mobile backhaul, packet optical, business and services solutions and applications. We help them get ahead by adding revenue, reducing expenses and optimizing networks.

Tellabs (Nasdaq: TLAB) is part of the NASDAQ Global Select Market, Ocean Tomo 300(R)Patent Index, the S&P 500 and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes. http://www.tellabs.com

Tellabs(R) and Tellabs logo(R) are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE﹛Tellabs Asia Pacific

Written by asiafreshnews

April 25, 2012 at 12:01 pm

Posted in Uncategorized