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Archive for May 10th, 2016

Steve Czech Raises In Excess Of $1.7 Billion For Fund III – Firm Assets Under Management (“AUM”) Approximate $4.3 Billion Of Invested Capital And Capital Commitments

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OLD GREENWICH, Connecticut /PRNewswire/ — Czech Asset Management, L.P. (“Czech”) today announced the final close of its third direct lending fund complex (“SJC III”) with total commitments in excess of$1.7 billion, exceeding its $1.5 billion target. All of the capital raised in SJC III came from existing investors or referrals from existing investors and the time between the first and final closing was approximately 100 days.  SJC III is the third billion dollar-plus direct lending fund raised by Czech within the past six years. Czech now manages approximately $4.3 billion of direct lending capital commitments and investments in addition to significant co-investment capacity.

Photo – http://photos.prnewswire.com/prnh/20131125/NE22946

SJC III’s direct lending strategy focuses on providing privately negotiated, floating-rate, senior secured loans primarily to U.S. middle market companies that generate annual revenue of $75.0 to $500.0 million + and annual EBITDA of $7.5 to $50.0 million +. To date, SJC III has invested approximately $215.0 million. Czech’s global investor base is comprised of public and private pension funds, endowments, foundations, Taft-Hartley plans, family offices and high-net worth individuals.

According to Steve Czech, Managing Partner and Chief Investment Officer, “We are extremely grateful to our investors for their trust and confidence. Czech’s third successful fundraise highlights what’s possible when you provide investors with great product, people, process, performance and transparency.”

About Czech Asset Management, L.P.: Czech, with approximately $4.3 billion of committed capital under management and significant co-investment capacity, is an Old Greenwich, Connecticut-based direct lending firm engaged in providing privately negotiated, asset-based and cash-flow, first and second lien floating-rate senior secured loans primarily to U.S. middle market companies that generate annual revenue of $75.0 million to $500.0 million + and annual EBITDA of $7.5 million to $50.0 million +.

About Stephen J. Czech: Steve Czech has over 27 years of credit and corporate finance experience as well as a long record of establishing and running direct lending credit funds. His experience includes sourcing, structuring, underwriting, monitoring and restructuring corporate loans. Prior to forming Czech, Steve was employed by several prominent firms, including, but not limited to, Morgan Stanley, Credit Suisse Group AG, Donaldson, Lufkin & Jenrette (“DLJ”) and Banc of America Securities LLC.  Steve is the Chairman of the Board of Alfred Angelo, Inc., founder and Co-Chairman of The Mikey Czech Foundation, a member of the Advisory Board of The University of Chicago Booth School of Business, a Laureate member of the Dean’s Society of The University of Chicago Booth School of Business, a member of Villanova University’s President’s Club & Parents Executive Committee, a member of the Benacerraf Society of Harvard Medical School/Dana-Farber Cancer Institute and a member of theHarvard Medical School/Dana-Farber Visiting Committee for Pediatric Oncology. Steve received a B.S. fromMarquette University and an MBA from the University of Chicago Booth School of Business.

Source: Czech Asset Management, L.P.
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May 10, 2016 at 3:19 pm

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SMART Facilities Management Solutions Expo and Conference 2016 Saw Power Packed Trade Gathering for the Industry by the Industry

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SINGAPORE /PRNewswire/ — SMART Facilities Management Solutions Expo and Conference 2016, the region’s leading exhibition of its kind, concluded on 28 April after three days of knowledge sharing, productive trade discussions and successful commercial engagements among some 1,500 business professionals. Tailored to address the growing demand for facilities management (FM) services across Asia, the trade event saw the signing of fruitful business deals as well as a memorandum of understanding, further strengthens business ties between practitioners in the built environment and facilities management sectors.

Organised by Sphere Exhibits, a subsidiary of Singapore Press Holdings, with support of key industry players across the region, the focused three-day trade show, which ran from 26 to 28 April 2016, featured 40 exhibitors from around the world, including Australia, Hong Kong, India, Indonesia, Japan, Malaysia, Netherlands, Singapore,United Kingdom and the United States. The show drew in some 1,500 industry professionals comprising architects, building, facility and asset managers, energy, HVAC security engineers, urban planners, township/municipality service providers, developers, and investors, among others who were treated to a focused and immersive three days into the world of SMART Facilities Management.

Mr. Chua Wee Phong, Chairman of Sphere Exhibits Pte Ltd, said: “The field of facilities management is rapidly evolving, with the advent of new technologies and smart building solutions such as the Internet of Things (IoT) and SMART technology, even as complexity has grown at the same time in an integrated environment. We are pleased that SMART Facilities Management Solutions Expo and Conference 2016 was able to deliver a platform comprising a focused product showcase, tailored seminar programmes, and networking sessions to help FM professionals confront and address the challenges ahead of them. At the same time, providing them access to the tools, solutions, knowledge and business networks to help them advance.”

Knowledge sharing, skills upgrading and networking opportunities

Co-located with the trade show was the second edition of the Facilities Management Conference, which ran from 27 to 28 April. Organised by Sphere Exhibits and Singapore Institute of Building Limited, the much anticipated conference tackled topics on the challenges and future of smart FM.

Dr. John Min, Chairman of the Facilities Management Conference, said: “Facilities Management Conference has been a crucial regional platform, not just for the sharing of leading edge knowledge, but also as a key networking arena for the sector. We hope that the programming of in-demand topics covering areas such as SMART Facilities Management, Sustainable and Green Facilities Management will further value-add and provide a more complete and holistic experience to all conference delegates.”

Over 20 local and international industry leaders gathered at the conference to share ideas, best practices, and exchange expert knowledge on areas covering sustainability, manpower, smart energy and asset management, as well as the management of social, leisure, productivity and security management of facilities to some 160 delegates.

Ms. Fong Siew Han, Director of Infineon Technologies Asia Pacific, said: “The Facilities Management Conference was a wonderful platform for both practitioners and researchers from the industry and academia to meet and share the latest developments on FM for the built environment sector in Asia. It was an invaluable experience for us to be exposed to the latest insights, case studies and scenarios presented by the leading global industry professional and technology experts. This conference is always a must visit as it contains a treasure-trove of up-to-date information and updates.”

Other well-received sessions at the conference included a panel discussion on ‘Innovative Energy Management’, as well as topics relevant to industry professionals, such as Workplace Safety & Health for Facility Managers; Advancing Responsible Business Practices in Land Construction; Real Estate Use and Investment; Using IoT to Generate Real Building Savings; A Look at Sustainable Energy in South East Asia; and Energy Management: Smart Data Centres and Green Energy.

Regional focus group session Unveils First Award winner

A key highlight of this conference was a regional focus group Session on ‘Challenges & Opportunities for Facilities Management in AEC’. A dedicated collaboration between Bangkok’s Chulalongkorn University, the National University of Singapore, and Universiti of Teknologi Malaysia, the session connected relevant decision makers and the academia with a view towards future development of the AEC.

The one-day session provided a platform for the top graduating batch from the MA/PHD Programme to effectively litmus-test their final papers with key business leaders from the ASEAN region and deans from the Universities before actual implementation in the industry.

Professor Abdul Hakim bin Mohamed, Chairman of the regional focus group session and Dean of Geoinformation and Real Estate, Universiti Teknologi Malaysia, said: “The formation of the ASEAN Economic Community (AEC) is a game-changer for the FM sector. Collectively, the AEC is the seventh largest economy in the world and is the world’s third largest market base behind only China and India. We are pleased that with this session, our respective universities can play a part in highlighting the vast opportunities availed by the AEC that both academic institutions, organisations and industry professionals can tap into. We are happy to collaborate with Sphere Exhibits in fostering the development of an academic platform to integrate academic progression with the trade, whilst keeping a pulse on industry developments and are very happy with the results of this inaugural effort.”

A total of 10 presenters from various countries showcased their papers. Members from the national Facilities Management Associations from the region also participated as observers.

The Regional Focus Group Session culminated with an award ceremony where the top prize for the best research paper was awarded to National University Singapore’s Tan Chun Liang, for his research paper on Considerations for Design & Maintenance of Indoor Greenery.

Three merit awards were also presented to Mr. Ashan Senel Asmone from National University of Singapore, Mr. Siva Jaganathan from Universiti Teknologi Malaysia and Mr. Sittiponn Issarasak for their outstanding achievements in their respective research papers and poster submissions.

Stellar showcase featuring SMART technology and FM solutions

The trade exhibition featured key profiles focusing on four main sectors: Mission Critical facilities; Leisure and Tourism facilities; Transport and Public facilities, as well as Building and Infrastructure facilities. In addition, the trade show further incorporated four key segments in Energy Management, Security Solutions and Air Conditioning & Mechanical Ventilation (ACMV) and Environmental Management, making it the most comprehensive and focused trade platform in redefining SMART facilities management.

On show were cutting edge and emerging technologies such as SMART technology and key building solutions that are revolutionising the facilities management industry. They include ensuring operational continuity, managing increasing complexity of buildings, merging legacy buildings and systems with facilities expansions, energy management systems, maintaining aging infrastructure, improving reporting and compliance in an integrated facilities management environment.

The trade show also incorporated technology in the form of a show app and a pre-event virtual business matching marketplace to facilitate quality discussions and profitable partnerships while saving the environment.

An Industry Professional from the security sector Mr. Ray Low commented on his visit to the trade show: “It was an impressive showcase of relevant technology and solutions at SMART Facilities Management Solutions Expo and Conference 2016 that are of vital importance to the FM industry. The conference was an excellent platform to glean the latest updates on this fast-moving industry.”

Strong show of support from trade delegations

SMART Facilities Management Solutions Expo and Conference 2016 also had strong support from trade delegations from across the region.

Mr Lenz Low, Facilities Engineering Manager of HP Inc. Singapore, said: “We were extremely impressed with the wide array of SMART technology and FM solutions exhibited at SMART Facilities Management Solutions Expo and Conference 2016. We networked with local businesses from around the region and made many useful contacts. My colleagues are now able to make many of their purchasing decisions based on what they have seen at this show.”

SMART Facilities Management Solutions Expo 2016 was supported by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) Singapore Chapter; Association of Consulting Engineers (ACES); Association of Property & Facility Managers, Singapore (APFM); Building & Construction Authority (BCA); Building Owners and Managers Association, Indonesia (BOMA); Chulalongkorn University, Thailand; Global Infrastructure, Facility & Project Management Association, India (GIFPMA); Indonesia Contractors Association (AKI); International Facilities Management Association (IFMA); Hong Kong and Singapore Chapters; International Powered Access Federation (IPAF); Master Builders Association Malaysia (MBAM); Malaysia Association of Facilities Management (MAFM); Middle East Facility Management Association (MEFMA); National University of Singapore (NUS); Royal Institution of Chartered Surveyors (RICS); Saigon Construction and Building Material Association (SACA); Singapore Environment Council (SEC); Singapore Institute of Building Limited (SIBL); Thailand Facilities Management Association (TFMA); The Association of Thai ICT Industry (ATCI); The Institution of Engineers, Indonesia (PII); The Infrastructure, Facility, Human Resource & Realty Association (INFHRA); The Waste Management Association of Malaysia (WMAM), Universiti Teknologi Malaysia, (UTM); Vietnam Electronic Industries Association (VEIA); Vietnam Federation of Civil Engineering Association (VFCEA); Workplace Safety & Health Council (WSHC); and WSH (Asia).

For more information, please visit http://www.fmse.com.sg.

About SMART Facilities Management Solutions Expo & Conference 2016

SMART Facilities Management Solutions Expo 2016 (SMART FMSE 2016) provides an arena for suppliers, end users and professionals to network, exchange knowledge, share best practices and stay updated on the latest industry needs for future readiness, advice on all aspects of the aftercare and maintenance of facilities, and background in design and construction for better integration.

Themed, Challenges & Future of SMART Facilities Management, this two day Facilities Management Conference aims to address the challenges and future of smart facilities management transformation of facility management through effective and productive use of resources and smart innovation in the areas of sustainability,manpower, smart energy and asset management as well as the management of social, leisure, productivity andsecurity management of facilities.

About Sphere Exhibits Pte Ltd

A wholly owned subsidiary of Singapore Press Holdings (SPH), Exhibits, which stands for “SPH Events, Roadshows and Exhibitions”, aims to be the leading events company catering to a diverse mix of trade and consumer clientele. Backed by a committed and experienced team of professionals and SPH’s comprehensive range of media platforms, Exhibits’ shows, events and exhibitions centre on unique concepts that attract local audiences and regional participants. Among the 20 Sphere Exhibits’ events are The IT Show, COMEX, Licence2Play, Asian Masters and Kidz Academy. Leveraging on its expertise in event conceptualisation, planning and execution, Sphere Exhibits delivers memorable and quality events that meet the objectives of its clientele and partners.

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms, ranging from print, digital, radio and out-of-home media.

SPH owns award-winning newspapers, magazines and best-selling books in both print and digital editions, as well as online classified businesses in the region. In addition, SPH has two English radio stations and one Chinese radio station, an out-of-home digital advertising unit, a regional events and conferences arm, and runs a chain of modern retail convenience stores. SPH also has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall. SPH’s latest retail development is The Seletar Mall located in Sengkang.

For more information, please visit www.sph.com.sg
Co. Regn. No. 198402868E

Source: Sphere Exhibits Pte Ltd

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May 10, 2016 at 2:58 pm

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D+H to Speak on Innovation in Global Transaction Banking at the Asian Banker Summit 2016

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NEW YORK /PRNewswire/ — DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, today announced that it will be the opening presenter and participant at a panel discussion entitled “The Role of Innovation and Its Impact in Building a Competitive GTB Business” on May 11 at the Asian Banker Summit 2016 in Hanoi, Vietnam.

Moti Porath, head of global product management for D+H’s payments business unit, will kick off the session with a presentation on the transformative potential of blockchain technology on the transaction banking landscape. This will be followed by a roundtable discussion on the role that innovation plays in building a competitive global transaction banking business. Porath and the other panelists will discuss the trends impacting both banks and financial technology companies, and explore how emerging technologies such as blockchain can redefine how banks and corporates operate. The session will also explore predictive analytics as a platform for strategic decision making, developments in e-documentation, and other innovations impacting transaction banking.

D+H is a global leader of payment technologies and supports millions of faster payments throughout Europe andAsia every day. D+H also achieved an industry first by integrating blockchain technology into its global payment services hub earlier this year.

About D+H
D+H (TSX: DH) is a leading financial technology provider the world’s financial institutions rely on every day to help them grow and succeed. Our global transaction banking, lending, payments and integrated core solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of$1.5 billion, D+H is recognized as one of the world’s top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker’s FinTech Forward rankings. For more information, visit dh.com

For Further Information, please contact:
Patrick Kilhaney
Public Relations & Analyst Relations Manager
D+H
+1 917 286 1053
patrick.kilhaney@dh.com

Cognito
+1 646 395 6304
dh@cognitomedia.com

Source: DH Corporation

Related stocks: Toronto:DH

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May 10, 2016 at 2:49 pm

Posted in Uncategorized

Swiss Re Corporate Solutions and the Joint Commission Center for Transforming Healthcare team up to prioritize patient safety and quality

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NEW YORK /PRNewswire/ — Swiss Re Corporate Solutions and the Joint Commission Center for Transforming Healthcare (the Center) team up to encourage consistent, effective healthcare. Swiss Re Corporate Solutions will offer preferential underwriting treatment to hospitals and healthcare organizations that use high reliability tools, like the ones created by the Center. This is the first collaboration between the Center and a healthcare liability insurer.

“Performance improvement tools can help make healthcare a high reliability industry,” states Mike Midgley, Vice President, Healthcare Risk Engineering, Swiss Re Corporate Solutions. “We applaud insureds who use applications like the Center’s Targeted Solutions Tool® (TST®) and Oro™ 2.0 High Reliability Organizational Assessment and Resource Library. These tools, which enable healthcare providers to determine how near they are to zero patient harm, could help insureds receive a premium credit.”

“For over 60 years, the Joint Commission has worked to improve the quality of healthcare,” states Dr. Erin DuPree, Chief Medical Officer and Vice President, the Joint Commission Center for Transforming Healthcare. “By teaming up with the Center, Swiss Re Corporate Solutions is raising awareness about the ways our tools can help eliminate patient harm, first and foremost. This can result in decreased financial and reputational risk to providers. The support of Swiss Re Corporate Solutions encourages hospitals and healthcare organizations to deliver more effective care, bringing us closer to our goal of zero patient harm.”

On May 9, 2016, Swiss Re Corporate Solutions and the Joint Commission Center will hold a CE-accredited webinar. Topics include high reliability and strategies for reducing patient falls. The webinar is the first of several planned educational activities.

About Swiss Re Corporate Solutions
Swiss Re Corporate Solutions offers innovative, high-quality insurance capacity to mid-sized and large multinational corporations across the globe. Our offerings range from standard risk transfer covers and multi-line programmes, to highly customised solutions tailored to the needs of our clients. Swiss Re Corporate Solutions serves customers from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group. For more information about Swiss Re Corporate Solutions, please visit www.swissre.com/corporatesolutions or follow us on Twitter @SwissRe_CS.

Source: Swiss Re Corporate Solutions

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May 10, 2016 at 2:45 pm

Posted in Uncategorized

Epsilon and Econsultancy Release Customer Experience Maturity Report for Australia and New Zealand Markets

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-Study finds majority of client-side and supply-side organizations have not reached customer experience maturity

SYDNEY /PRNewswire/ — Epsilon®, a global leader in creating connections between people and brands, today released the Customer Experience Maturity Report in partnership with Econsultancy, a global research firm. The study surveyed 350 client-side (58% of total respondents) and supply-side (42% of total respondents) marketing, digital and ecommerce professionals based in Australia and New Zealand to explore regional maturity-level for customer experience (CX). The research was collected via an online survey of Econsultancy’s user base between February 2016 and March 2016.

The research found that the majority of both client-side (53%) and supply-side (61%) respondents rate their companies as being ‘not very advanced’ in their approach to customer experience. While client-side respondents felt ‘complexity of customer experience’ (31%) was the biggest barrier preventing their organizations from improving the customer experience, supply-side respondents identified ‘lack of overall strategy/vision’ (41%) as the primary hindrance.

The majority of respondents felt that optimizing internal collaboration between multi-disciplined teams and using data to better understand behaviors were the most important factors in delivering a great customer experience over the coming year.

Jefrey Gomez, Managing Director, Asia Pacific at Econsultancy, said: “This research reveals that the complexities of delivering a relevant and consistent customer experience across all channels and touchpoints are significant. However, forward-looking organisations are making strides by focusing on three key ingredients: technology, data and ownership.”

“There are tremendous opportunities for brands to enhance customer experience delivery and achieve greater CX maturity,” said Michael Kustreba, Managing Director of Epsilon, Asia Pacific. “Now is the time to address these shortcomings because consumers are expecting more from brands. The good news is that there are valuable insights from data, technology and proven methodologies that organizations can adopt to help them improve their customer experience delivery.”

Additional findings include:

CX will continue to be key differentiator over the next five years

More than three in five (63%) client-side respondents indicated that the primary ways they will differentiate themselves from competitors over the next five years will be through providing better customer service, cultivating the digital customer experience or enhancing the digital customer experience, among others. Most of the remaining (33%) client-side respondents stated they will use product-related initiatives to differentiate themselves.

Customer experience is more advanced when it is the responsibility of the entire organization

Survey data showed that all respondents felt the responsibility for customer experience sits across a mix of different departments. 20% of client-side respondents believed it was the responsibility of the whole organization, versus 9% of supply-side respondents. When responses were segmented by level of self-declared CX maturity, the effect of different approaches becomes clearer. In half of the ‘advanced’ companies, responsibility for customer experience is either shared across the organization (34%) or resides in a dedicated customer experience team (16%). For companies rating themselves as ‘not very advanced’ or ‘immature,’ responsibility for customer experience is far more likely to lie within a mixture of different departments (40% versus 18%) or the marketing department (18% versus 5%).

Responsibility for CX is allocated, but budget is often not

Marketers reported that only 7% of companies in the region have a single, dedicated budget for understanding the customer journey, while an additional 27% have a dedicated budget split across different departments. While most companies assign responsibility for customer experience, they are far less likely to allocate budget specifically for understanding the customer journey.

Understanding the customer journey is about driving business and helping customers

Survey respondents indicated that three of the major benefits of understanding the customer journey are business-related: increasing customer lifetime value/loyalty, driving revenue and profitability and improving relevance and effectiveness of marketing communications were all rated as major benefits of understanding the customer journey by both client-side and supply-side marketers.

New channels and innovations are relatively unimportant to marketers

The study found that organizations are less enthusiastic about improving customer experience through creative innovations and new channels, with 27% of client-side respondents considering experimentation with channel-specific creative ‘not important’ for delivering a great customer experience.

‘Advanced’ companies are more likely to make improvements using insights

20% of marketers surveyed rate their companies’ ability to make improvements and changes based on insights as ‘poor’ or ‘very poor.’ ‘Advanced’ organizations are nearly five times more likely to rate themselves as ‘excellent’ or ‘good’ versus the rest.

Both qualitative and quantitative insights are used to inform understanding of the customer journey

According to client-side respondents, quantitative data is the most important tool for insight on the customer journey, followed by web analytics and CRM data. Organizations who rated themselves as ‘advanced’ in terms of CX maturity are more likely to use user experience (UX) analysis techniques like touchpoint mapping, UX audits and heatmaps in addition to more traditional quantitative and qualitative insights.

Return on investment is being measured in traditional ways

The two most popular ways companies measure the return on investment for their customer experience initiatives are very similar to the ways in which most companies measure marketing efforts: increased conversion rates (45%) and increased sales (43%).

For more information about the study methodology and to download the full report, visithttp://engage.epsilon.com/anzcx.

About Epsilon

Epsilon is a global leader in creating connections between people and brands. An all-encompassing global marketing company, we harness the power of rich data, groundbreaking technologies, engaging creative and transformative ideas to get the results our clients require. Recognized by Ad Age as the #1 World’s Largest CRM/Direct Marketing Network, #1 Largest U.S. Agency from All Disciplines and #1 Largest U.S. Mobile Marketing Agency, Epsilon employs over 7,000 associates in 70 offices worldwide. Epsilon is an Alliance Data company. Epsilon International is an operating unit of Epsilon, with local offices in Australia, Mainland China, Hong Kong, India, Japan, Singapore, U.K.,France, Germany and Ireland. For more information, visit epsilon.com, follow us on Twitter @EpsilonAPAC, LinkedInor email to apac-info@epsilon.com.

About Econsultancy

Econsultancy’s mission is to help its customers achieve excellence in digital business, marketing and ecommerce through research, training and events.

Founded in 1999, Econsultancy has offices in New York, London and Singapore.

Econsultancy is used by over 600,000 professionals every month. Subscribers get access to research, market data, best practice guides, case studies and elearning — all focused on helping individuals and enterprises get better at digital.

The subscription is supported by digital transformation services including digital capability programmes, training courses, skills assessments and audits. We train and develop thousands of professionals each year as well as running events and networking that bring the Econsultancy community together around the world.

Subscribe to Econsultancy today to accelerate your journey to digital excellence.

Call us to find out more:

  • New York: +1 212 971 0630
  • London: +44 207 269 1450
  • Singapore: +65 6653 1911

Logo – http://photos.prnasia.com/prnh/20160122/8521600446LOGO

Source: Epsilon
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May 10, 2016 at 2:44 pm

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Mindtree Positioned as a Leader for Digital Services by Zinnov

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BANGALORE and WARREN, N.J.  /PRNewswire/ —

Comprehensive Analysis Measured the Scale and Digital Prowess of the Company  

Mindtree, a leading digital transformation and technology services company, has been named a leader in ‘Zinnov Zones for Digital Services‘. This comprehensive analysis measured companies on digital prowess including the breadth of service offerings, ecosystem leverage, talent, proprietary assets, new engagement models while also considering scale, clientele and product engineering capabilities.

(Logo: http://photos.prnewswire.com/prnh/20140416/681203)

Zinnov featured Mindtree in the overall leadership zone in its global study of digital service providers. The study evaluated specific service lines where Mindtree has been recognized as a leader in Digital Consulting and Transformation, Design & Experience, Digital Platform Integration and Data Management & Analytics. This postioning reinforces Mindtree’s ability to deliver a holistic digital transformation that integrates four key aspects: creating compelling customer experiences, digitizing the back-end value chain, developing sense and respond analytics and shaping innovative business model evolution. The recent acquistions of Magnet 360, Bluefin Solutionsand Relational Solutions by Mindtree further strengthened its digital capabilities and contributed to its strong rating.

“Significant digital capabilities along with a strong ecosystem of partners have enabled Mindtree to successfully execute complex projects at scale across digital enablement and enterprise digital transformation areas,” said Praveen Bhadada, Partner and Global Head-Digital Transformation Practice at Zinnov. “Their strong product engineering foundation coupled with a comprehensive portfolio of digital offerings across industries has placed them solidly in the leadership zone.”

“Companies are looking at business transformation led by Digital as mobile technology, social media and cloud computing are inceasingly disrupting current business models,” said Radha R., EVP and Head of Digital Business at Mindtree. “We’re proud of this endorsement of our capabilities. Our domain expertise, technology depth and differentiated offerings, positions us as a collaborative digital anchor partner for clients in their journey to make digital real.”

Additional Resources

Zinnov Zones for Digital Services

About Zinnov:
Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Digital Transformation, Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes.

Visit us at http://www.zinnov.com. To request information, contact Jaya Shukla at jaya@zinnov.com .

About Mindtree:

Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. ‘Born digital’, Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visithttp://www.mindtree.com to learn more.

For more information, contact:

India
Priyanka Waghre
Mindtree
+91-98867 29295
Priyanka.Waghre@mindtree.com

United States
Andrea Dunbeck
Matter Communications
978-518-4555
adunbeck@matternow.com

Europe
Kiran Farooque
PPR Worldwide
+44 0 207 300 6181
Kiran.Farooque@pprww.com

Source: Mindtree
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May 10, 2016 at 2:41 pm

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Lazada Sets Up Tech Hub in Thailand to Boost Mobile Commerce Platform Development for Southeast Asia

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SINGAPORE /PRNewswire/ — Southeast Asia’s leader in eCommerce, Lazada Group has opened a tech hub in Bangkok, Thailand to drive strategic mobile development initiatives that will elevate the experience for Lazada’s shoppers and sellers across the region.

The Lazada Tech Hub in Thailand will focus on advancing the design and engineering of Lazada’s mobile shopping and selling sites and apps for Southeast Asia. With almost 30 million app downloads and more than 60% of its GMV represented by mobile sales by the end of December 2015, Lazada Group has been investing in mCommerce through new app and mobile site initiatives.

“Mobile innovation is a discipline any serious online player must build, and having the best talent is critical to designing products and solutions that are not only intuitive but improve the quality of experience and life for our consumers and sellers. We believe that Thailand attracts a highly-skilled talent pool. And, as the leading shopping and selling destination, Lazada is both enviably-positioned and committed to raising the bar for mobile and tech development in the region,” said Ifor Evans, Chief Technology Officer, Operations, Lazada Group.

In the next few months, Lazada Tech Hub is targeting to hire more than 50 talents, including iOS and Android developers, Go Programming Language developers, and Quality Assurance automation engineers. The tech hub team will operate from EmQuartier in Central Business District Bangkok.

Lazada Group established an early presence in bringing high-value tech development to Southeast Asia when it opened its first tech hub in Ho Chi Minh, Vietnam in November 2012. With Lazada’s rapid growth in the region, a second tech hub was opened in Moscow, Russia in February 2015.

Together, the Lazada owned-and-operated tech hubs in Thailand, Vietnam and Russia are dedicated to driving world-class product engineering and technology infrastructure, placing Lazada at the forefront of technology innovation in Southeast Asia.

ABOUT LAZADA GROUP

Lazada Group operates Lazada, Southeast Asia’s number one online shopping and selling destination, with presence in Indonesia (www.lazada.co.id), Malaysia (www.lazada.com.my), the Philippines (www.lazada.com.ph), Singapore(www.lazada.sg), Thailand (www.lazada.co.th) and Vietnam (www.lazada.vn).

Launched in March 2012, Lazada is pioneering eCommerce in the region by providing customers with an effortless shopping experience with multiple payment methods including cash-on-delivery, extensive customer care and free returns. Lazada features a wide product offering in categories ranging from consumer electronics to household goods, toys, fashion and sports equipment.

Lazada offers brands and merchants a marketplace solution with simple and direct access to about 560 million consumers in six countries through one retail channel.

Media contact:

Sarimah Salamon
Lazada Group
+65 94308043
sarimah.salamon@lazada.com

Logo – http://photos.prnasia.com/prnh/20160509/8521602931LOGO

Source: Lazada Group Pte Ltd
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May 10, 2016 at 2:38 pm

Posted in Uncategorized

Integrated Modem-Application Processors Market Plateauing Despite Strong Push from the Leading IC Suppliers; Verticalization and Technology Complexity to Blame

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LONDON /PRNewswire/ — ABI Research, the leader in transformative technology innovation market intelligence, forecasts that standalone application processor shipments targeting smartphones and tablets will grow from 462 million units to surpass one billion by 2020. Market demand for standalone application processors will ultimately limit opportunities for integrated modem-application processor platforms (MODAPs) that currently enjoy a strong push from key suppliers like Qualcomm, MediaTek, and Spreadtrum.

“Verticalization in the high-end of the mobile phone market is specifically driving growth in standalone application processor shipments for smartphones and tablets,” says Malik Saadi, Managing Director and Vice President at ABI Research. “Apple and Samsung, for instance, use separate app processors and modems in their flagship products.”

MODAPs offer significant advantages, notably cost, small form-factor, and power consumption, compared with separate processor and modem. These advantages are clear differentiators in the low-end and mid-range parts of the market. However, MODAPs offer less flexibility for addressing the high-end segment of the market in which feature-set differentiation and performance are paramount.

To cope with current market conditions, global OEMs are trying to rationalize the number of device models they produce. Many manufacturers use various chipset SKUs for every model launched, and each SKU comes with a different set of features at both the processor and modem levels. Flexibility is paramount, as separating the modem from the application processor is crucial to enable OEMs to mix and match chipsets from various IC suppliers, depending on the segment and region they address.

And for mobile application processor platforms, product differentiation is quickly shifting from CPU cores to the use of advanced GPU, DSPs, and ISPs in order to support innovative features and functionalities. These include immersive graphics, sensor fusion, hardware level security and authentication, machine vision, augmented reality, virtual reality, and artificial intelligence in the future.

“The technology commoditization, the great improvement of ARM Cortex core architectures, and stiff competition saw a number of custom CPU vendors exiting the smartphone market altogether,” continues Saadi. “This left Qualcomm as the sole supplier of these types of processors.”

The market share of custom CPUs, from total smartphone processor shipments, collapsed drastically during the last six years, from a staggering 80% in 2010 to 25% in 2015. ABI Research expects the market for these CPUs to become increasingly wedged between captive vendor processors in the high-end and reference designs that systematically use ARM Cortex in the low-end and mid-range.

“The erosion of the custom CPU market will continue during the coming years to the point that, by 2020, shipments of these processors are not expected to exceed 5% of the total smartphone processor market,” concludes Saadi. “And that is only if they manage to make it to that point.”

These findings are part of ABI Research’s Mobile Device Semiconductors Service (https://www.abiresearch.com/market-research/service/mobile-device-semiconductors/), which includes research reports, market data, insights, and competitive assessments.

About ABI Research

For more than 25 years, ABI Research has stood at the forefront of technology market intelligence, partnering with innovative business leaders to implement informed, transformative technology decisions. The company employs a global team of senior analysts to provide comprehensive research and consulting services through deep quantitative forecasts, qualitative analyses and teardown services. An industry pioneer, ABI Research is proactive in its approach, frequently uncovering ground-breaking business cycles ahead of the curve and publishing research 18 to 36 months in advance of other organizations. In all, the company covers more than 60 services, spanning 11 technology sectors. For more information, visit www.abiresearch.com.

Contact Info: Mackenzie Gavel

Tel: +44.203.326.0142

pr@abiresearch.com

Source: ABI Research

Written by asiafreshnews

May 10, 2016 at 2:14 pm

Posted in Uncategorized

Smart Mobility on the Rise: Global Electric Vehicle Revenue to Hit $58 Billion in 2021

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SCOTTSDALE, Ariz. /PRNewswire/ — As extreme pollution and congestion in urban areas coupled with limited transportation options continues to challenge major cities across the globe, ABI Research, the leader in transformative technology innovation market intelligence, predicts an imminent rise in smart electric mobility. Data analysis forecasts global electric vehicle revenue will hit $58 billion in 2021, more than five times its market value in 2015.

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“The role of vehicle electrication in urban areas is part of a broader smart mobility model that includes shared vehicles, charging options, and driverless electric vehicle fleets of cars, buses, trams, and light rail,” says Susan Beardslee, Senior Analyst at ABI Research. “No singular option prevails; in fact, innovative manufacturers are creating ways for them to converge.”

Leading automotive manufacturers Ford and BMW, for instance, are looking to create electric bikes that could fit and charge inside of a car. The goal is for drivers to then be able to ditch their cars and use the bikes as a more eco-friendly mode of transportation to complete the last leg of long journeys. Similarly, Tier 1 companies, like Continental, are designing and manufacturing batteries and engines that can better accommodate small, personal electric vehicles.

China is one region pushing particularly hard to make electric vehicles a reality, with regional vendors like BYD outselling larger OEMs like Chevy, Nissan, and Tesla by miles. And as newer urban electric transportation categories continue to emerge, such as three-wheeled vehicles more commonly referred to as velomobiles, so too do opportunities for emerging markets and the elderly or disabled.

“The U.S. is taking longer to embrace the trend, though, with many residents expressing hesitation to let go of their private, singular vehicles as we move toward a shared, smart mobility transportation model,” continues Beardslee. “Once the price point of electric vehicles starts to drop, as evident with Tesla’s Model 3 and the forthcoming Chevy Bolt, and manufacturers address range anxiety, we believe that the U.S. market will see a jump in its sales. Over time, we expect greater adoption through fleet purchases including Uber and Lyft.”

Personal mobility companies VeloMetro and EcoReco, for instance, are embracing the shared fleet mentality. Both companies are rolling out innovative personal transport vehicles that they plan to pilot with universities and municipalities in the months ahead.

“While the market’s current lack of sufficient standards and infrastructure is impacting the broader adoption of electric vehicles, we believe that the greater access, variety, and flexibility of electric vehicles and increasing urban congestion will positively influence future electric vehicle deployment and adoption,” concludes Beardslee. “The long-term forecasting of global energy needs from Exxon shows the sobering impact of an unsustainable 35% to 140% increase in energy requirements. Global consortia and public and private partnerships will continue to be leading efforts resulting in necessary change to our transportation industry.”

These findings are part of ABI Research’s Smart Transportation Service (https://www.abiresearch.com/market-research/service/intelligent-transportation-systems/), which includes research reports, market data, insights, and competitive assessments.

About ABI Research

For more than 25 years, ABI Research has stood at the forefront of technology market intelligence, partnering with innovative business leaders to implement informed, transformative technology decisions. The company employs a global team of senior analysts to provide comprehensive research and consulting services through deep quantitative forecasts, qualitative analyses and teardown services. An industry pioneer, ABI Research is proactive in its approach, frequently uncovering ground-breaking business cycles ahead of the curve and publishing research 18 to 36 months in advance of other organizations. In all, the company covers more than 60 services, spanning 11 technology sectors. For more information, visit www.abiresearch.com.

Contact Info: Mackenzie Gavel              

Tel: +1.516.624.2542

pr@abiresearch.com

Source: ABI Research

Written by asiafreshnews

May 10, 2016 at 2:08 pm

Posted in Uncategorized

Vantage FX Announces the Launch of 8.88% p.a. Interest Rate on Forex Trading Account Balances

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SYDNEY /PRNewswire/ — Global forex broker Vantage FX is proud to announce the international launch of its 8.88% interest earning accounts, a forex trading account that earns an 8.88% p.a. interest rate on its free balance for active forex traders.

The concept was developed in response to the current global low interest rate environment led by the Federal Reserve’s record low rates, designed to kick-start economic growth. Fed Chair, Janet Yellen has repeatedly stated that economic uncertainty is contributing to the decision to keep delaying interest rate hikes this year, and markets should only expect gradual increases in the future.

David Bily, Head of Sales at Vantage FX commented: “The current global financial conditions are continuing to force central bank interest rates down and in many economies such as Japan and Europe, into negative territory. Our 8.88% interest rate initiative can help neutralise this downward shift for our active traders and provide a benefit by creating a positive buffer and positive return on forex trading accounts.”

Across the forex industry, trading accounts have rarely earned interest on account balances and with the ones that do, given the current rates are at all-time lows, the benefits to traders have been negligible.

Vantage FX believes this will be a game changer for active forex traders by helping them to strengthen their trading account, as well as adding a positive buffer to the trader’s profit and loss.

“By launching our 8.88% interest rate account feature, we’re able to demonstrate our continued commitment to providing industry leading benefits and creating real value for our forex traders. While this account feature applies to all existing Vantage FX clients who opt in, we welcome all forex traders to join and experience trading with an additional 8.88% in their favour,” noted Bily.

Vantage FX’s 8.88% p.a. interest rate is available to both existing trading accounts, as well as new accounts. Interest is calculated and paid monthly.

For further product information, please visit this page https://www.vantagefx.com/interest-promotion/.

About Vantage FX:

Established in 2009 Vantage FX is an internationally recognised forex broker based and regulated in Australia. They’re recognised as a market leader, providing forex traders access to the global forex market through the popular MetaTrader 4 platform.

Contact:

Vantage FX Pty Ltd
David Bily
Email: dbily@vantagefx.com
Telephone: +61-2-8999-2044

Source: Vantage FX

Written by asiafreshnews

May 10, 2016 at 11:26 am

Posted in Uncategorized