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Sodexo Partners IDFC Bank and RuPay to Launch Premium Pass, an Ideal Employee Gifting and Rewards Solution

Sodexo, the leader in employee motivation and benefit services in India, announced the launch of Sodexo Premium Pass, a digital employee gifting solution, in partnership with IDFC bank and National Payments Corporation of India’s (NPCI) RuPay. The launch is a significant step in Sodexo’s digital journey in India. The gifting solution has two variants – the ‘Premium Pass – Celebrations’ for gifting during festivals and special occasions, and ‘Premium Pass – Rewards’ for ongoing employee and channel reward, and recognition programs.

(Photo: http://mma.prnewswire.com/media/544232/Sodexo_Premium_Pass.jpg )
(Logo: http://mma.prnewswire.com/media/544231/IDFC_RuPay_Sodexo_Logo.jpg )

The cards will be accepted at over two million retail outlets and across all major online portals on the RuPay network. Sodexo’s three million daily consumers across 11,000+ clients will now get access to this new offering.

Stephane Michelin, CEO, Sodexo BRS India said, “Sodexo is committed to address the needs of its clients, which makes the company introduce new and innovative solutions to better address the increased sophistication of the Indian HR and incentive practices. Premium Pass is a ‘personalized’ gifting solution and also gives the employees of our clients, access to exciting value deals and discounts from leading brands, exclusive for Sodexo cardholders. This increases the purchasing power of their employees far beyond the actual value of the gift. We are delighted to partner with IDFC Bank and RuPay to present this unique offering to our clients and look forward to creating an unparalleled experience for our consumers through new age technologies in the benefits and rewards space.”

Avtar Monga, Executive Director, IDFC Bank, said, “The launch marks IDFC Bank’s foray into the prepaid card space, with solutions that are convenient, secure and transformational. Gift cards work as digital incentives for corporates and merchants, and are an alternative to traditional gifting. When these cards are made reloadable, and coupled with savings and credit-building capabilities, they serve as a bridge to the financial mainstream. Our partnership with Sodexo will take customer experience in the digital prepaid segment to the next level. It will also enable the bank to address a diverse set of customers, who could potentially upgrade to a longer-term financial services relationship.”

Mr. Dilip Asbe, Chief Operating Officer, National Payments Corporation of India said, “We welcome the valued customers of Sodexo and IDFC Bank to RuPay’s robust acceptance network. We believe market potential for prepaid cards are huge and this strategic partnership is aligned to tap the niche segment.”

Both variants of the Sodexo Premium Pass are personalized and secure PIN-based cards. They can also be linked to the mobile app for easy transactions on the go. The consumers will be eligible for tax savings on up to Rs. 5,000 per year on these cards. Sodexo’s clients will have the benefit of ordering and loading these cards from a simple, user-friendly interface that they already use for the meal benefit solution. This offering is poised to usher in a new era in festival gifting, rewards & recognition in India.

About Sodexo Benefits & Rewards Services India

The Sodexo group works towards improving the quality of daily life for clients, consumers and merchants across the world. Sodexo BRS, India’s No.1 Employee Motivation & Benefits Services provider is a partner to over 11,000 HR Leaders since 20 years. Our Employee Benefit Solutions are customized to meet specific needs of organizations and help them develop their best motivated workforce. Sodexo BRS offers a range of employee benefit solutions, which include Meal Pass, Cafeteria Pass and Premium Pass. Sodexo reaches out to over 3 million beneficiaries across 1,500+ cities servicing through over 45,000 touch points.

To know more, please visit: www.sodexobenefits.in or TwitterFacebook and LinkedIn.

About NPCI

National Payments Corporation of India (NPCI) was set up in 2009 as the central infrastructure for various retail payment systems in India and was envisaged by the Reserve Bank of India (RBI) as the payment utility for all banks in the country. From a single service of switching of interbank ATM transactions through National Financial Service, the range of services has grown to Cheque Truncation System, National Automated Clearing House (NACH), Aadhaar Enabled Payment System (AePS), USSD based *99#, RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC) and Bharat Bill Payment System (BBPS).

To know more, please visit: Facebook: NPCI and RuPay or Twitter: NPCI and RuPay.

About IDFC Bank

IDFC Bank (BSE: 539437, NSE: IDFCBANK) is a subsidiary of IDFC Ltd (BSE: 532659, NSE: IDFC). Headquartered in Mumbai, IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile. Envisioned as a new age bank, IDFC Bank seeks to set a new standard in customer experience, using technology and a service-oriented approach, to make banking simple and accessible, anytime and from anywhere. In keeping with IDFC’s legacy of building the nation, IDFC Bank will focus on serving the rural underserved communities and the self-employed, while continuing to support the country’s infrastructure sector. IDFC Bank provides customized financial solutions to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions and the government. With best-in-class corporate governance, rigorous risk management, experienced management and a diversified team, IDFC Bank is uniquely positioned to meet the aspirations of its customers and stakeholders. http://www.idfcbank.com or TwitterFacebookand LinkedIn.

Media Contact:
Sharon Batliwalla
Marketing Manager
Sharon.BATLIWALLA@sodexo.com
+91-9819773064
Sodexo SVC India Private Limited

 

SOURCE Sodexo SVC India Private Limited

CAMS, India’s Leading MF Transfer Agency Chooses Aspect Software to Create Personalized, True Omni-channel Experience for Investors

Computer Age Management Services Pvt. Ltd. (CAMS), India’s largest Mutual Fund transfer agency serving the Indian Asset Management industry for over two decades has upgraded its contact center technology with Aspect® Unified IP® for advanced routing, proactive contact, and agent empowerment capabilities for its in-bound and out-bound services. Aspect® CXP® will simplify the process to design, implement and deploy customer contact applications across multiple communication channels like voice, text (IM, SMS, USSD), mobile web, social networks like Twitter and smartphone applications. Unlike stand-alone BPO style contact centers, CAMS’ multi-locational, multi-lingual contact center services are an integrated component of the overall offering to the Mutual Funds service canvas of managing investment life cycle.

(Logo: http://photos.prnewswire.com/prnh/20140922/706625-a )

(Logo: http://mma.prnewswire.com/media/543939/CAMS_Logo.jpg )

Briefing on the migration to the new technology, Anuj Kumar, COO – CAMS, said, “Contact center technology ramp-up with Aspect is yet another testimony to our focus to provide world-class services to Mutual Fund investors by making continuous investments in superior technology. CAMS contact center service has grown manifold in Agent FTEs and client base and is becoming core to our business with expanding into out-bound campaign management. Aspect technology seamlessly met the complex integration requirements with our core Mutual Fund platform and will help bring improved efficiencies and capabilities to our service stack.”

Aspect has a long history of expertise, from first ACD in 1973, and today Aspect solutions power 1.4M agents worldwide and support 100+M daily customer interactions.

“The Mutual Fund industry in India is witnessing unprecedented growth and this momentum is expected to continue. And it is the need of the hour to deploy technologies which are simple yet powerful for rapidly scaling service-oriented business. We are glad that we have enabled CAMS with a simplified, reliable architecture capable of delivering unmatched services to investors. In this journey, we engaged CS Infocomm, Aspect Strategic Partner, with many years of experience in smooth roll-out of similar projects,” said Manish Bajaj, Country Manager, India and Middle East, Aspect Software. He further added, “Working with CAMS has been a unique experience as CAMS engages both, their enterprise partners and retail customers, with the same importance.”

About Aspect

Aspect helps enterprises break down the walls between people, processes, systems and data sources, allowing organizations to unite around the customer journey. By developing fully native interaction managementworkforce optimization and self-service capabilities within a single customer engagement center, we enable dynamic, conversational interactions and create a truly frictionless omni-channel customer experience. Leveraging the agility of our worldwide cloud infrastructure and over 40 years of industry ingenuity, Aspect conveniently and easily connects questions to answers while helping enterprises keep service levels high and operational costs contained. For more information, visit: http://www.aspect.com/in

Follow Aspect on Twitter at @AspectSoftware. Read our blogs at http://blogs.aspect.com.

About CAMS

CAMS (Computer Age Management Services) is India’s premier Mutual Fund Transfer Agency serving over 63% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. Besides Mutual Funds, CAMS Group is a service partner to leading insurance companies, banks, NBFCs and alternative investment funds.

Media Contacts
Shailendra Tanwar
Head Marketing – India and Middle East
Aspect
+91-9930134118
shailendra.tanwar@aspect.com

SOURCE Aspect Software

HP Indonesia Launches OMEN by HP, Gaming Ecosystem for Gamers to Dominate the Game

Today, HP Indonesia officially launches OMEN by HP, a new gaming ecosystem that is specifically designed for gamers, giving them a powerful gaming experience to dominate the competition.

Each device in OMEN by HP ecosystem is designed with the best features in its class. OMEN by HP not only provides users with a sense of pride, but also helps them prepare for any competition. The new lineup will give users an edge and confidence to surpass their opponents with high-performance graphics, better and more powerful hardware, improved sound, adjustable features, and easy upgrades to accommodate different users’ needs.

HP Indonesia President Director David Tan said, “HP continuously innovates to provide our consumers products with the best quality and technology possible. Therefore, we present to you OMEN by HP, our new gaming ecosystem that is dedicated for all gamers to show their true skills and dominate the leaderboards.”

“OMEN by HP is also proof of our commitment that HP Indonesia has grown consistently. We are ready to take part in Indonesia’s growing gaming industry with OMEN by HP launch for gamers,” said Tan.

“Millennials have grown up in a time of rapid changes, giving them a set of priorities and expectations sharply different from previous generations. So, whether they are enthusiasts or performance gamers, they would expect more from their gaming machines. HP is able to give them the performance value, innovation and high-quality materials they want, for the ultimate gaming experience.”

The new OMEN by HP ecosystem consists of compact desktops, accelerators, desktops, laptops, and accessories. The ecosystem is engineered for the best quality performance, aggressive cutting-edge design, and is priced according to its quality; all of which give an immersive gaming experience. OMEN by HP ecosystem is dedicated for gamers who always want to be the first to dominate the game.

“This new lineup gives esports athletes and competitive gamers the edge and confidence needed to perform at the highest global level. We want to create an online community for the OMEN brand to engage with and reach out to gamers across Indonesia and with that in mind we have collaborated with several teams of gamers that have been dominating the gaming scene and have made Indonesiaproud at international gaming competitions,” said HP Indonesia Gaming Market Development Manager, Edo Jonathan Chandra.

Recca Esports, Boom ID, and Mineski Talent are the esports teams that have had the opportunity to experience the immersive OMEN by HP gaming ecosystem. “To dominate the competition, not only do we need tactics, but we also need the support of an ecosystem that can provide maximum gaming experience; high-quality graphics and display, powerful sound, as well as fast and strong processors, all-in-one. OMEN by HP ecosystem has all those qualities, so we, as gamers, feel that we have the best support to dominate the competition,” said Recca Esports Founder Suhadi ‘Recca’ Wijaya.

“We’re proud and very happy to work with HP Indonesia. With the presence of OMEN by HP, we are convinced that we have the same goal of dominating the game in every battle. OMEN by HP ecosystem truly helps us deliver the best,” said Gary Ongko, representing the Boom ID team.

Realizing the interest of gamers in Indonesia, Mineski Team representative Agustinus Hwangenthusiastically stated, “The presence of OMEN by HP will support the Indonesian gaming industry because the enthusiasm that dominates the game is now supported by capable devices.”

OMEN by HP will also be teaming up with Blizzard Entertainment to become the official PC of the Overwatch® World Cup. OMEN by HP is the official sponsored PC chosen by Blizzard Entertainment for the use of official hardware devices for the Overwatch® world championships.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.

For more info:

New OMEN Gaming Family: link
Product images: link
OMEN by HP event launch photos: link
Product specification: link

Media Contact :

www.hp.com/go/newsroom

Wirda Haryany
HP Indonesia
Wirda.Haryany@hp.com

Cinta Nastasya
Edelman for HP Indonesia
Cinta.Nastasya@edelman.com
P : +622172159000

Logo – https://photos.prnasia.com/prnh/20170811/1918580-1LOGO

SOURCE HP Indonesia

RELATED LINKS
http://www.hp.com

Addvalue and Inmarsat Sign Agreement to Launch Inter-satellite Data Relay Service, a World’s First Commercial On-demand Communications Service to Support LEO Satellite Operations

Singapore’s Main Board listed company, Addvalue Technologies Ltd and its subsidiaries (“Addvalue”), have formalized a worldwide agreement with UK-listed Inmarsat plc (“Inmarsat”), the leading provider of global mobile satellite communications, to jointly offer the world’s first commercial on-demand communications service specifically designed to address certain elements of the rapidly expanding Low Earth Orbit (LEO) satellite market. The service, termed Inter-Satellite Data Relay Service (“IDRS”), will enhance and improve the operational efficiency of LEO satellite operations globally. As an example, this service could be of particular interest to operators of scientific, weather forecasting, earth observation and imaging missions. The Inmarsat and Addvalue IDRS service agreement is a follow-through of the signed Memorandum of Understanding announced by Addvalue on 2 February 2017.

Up until the introduction of IDRS, communications with LEO satellites has only been available when the satellite is within line-of-sight of an earth station. This limited connectivity is available to a rigid time schedule based on the particular LEO satellite’s orbit and the geographic location of the earth station. With IDRS LEO satellite operators will be able to have on-demand 24/7, near real-time two-way IP-based communications links to all of their satellites. IDRS will allow LEO constellation operators to rapidly respond to customer requirements and to operational anomalies in their fleet. IDRS will be based on Addvalue’s space-tested IDRS terminal and Inmarsat’s established Geosynchronous Earth Orbit (“GEO”) I-4 satellite-based Broadband Global Area Network (BGAN) network. Addvalue expects that the IDRS service will have a significant impact on the operational efficiency and profitability of LEO satellite constellations.

This Master Service Agreement will make IDRS available to carefully targeted commercial LEO customers globally. Addvalue and Inmarsat will work together to take the IDRS service to market, with Addvalue providing the IDRS flight hardware to be carried on board the LEO satellites and serving as the distributor of IDRS airtime to LEO satellite operators.

Commenting on the Master Service AgreementDr Colin Chan, Chairman and CEO of Addvalueremarked that: We are delighted that our years of hard work have resulted in our partnering with Inmarsat to offer this communications service. Catering to the fast growing LEO satellite market is an exciting business opportunity for us. Furthermore, this will enable us to extend our marketing to include IDRS airtime that has great upside potential for Addvalue. Inking this agreement will enable us to move forward commercial discussions with our customers.

About Addvalue Technologies Ltd.  (www.addvaluetech.com)

Addvalue Technologies Ltd (A31) a SGX Mainboard-listed company, is a leading one-stop digital, wireless and broadband communications technology products innovator, which provides state-of-the-art satellite-based communication terminals and solutions for a variety of voice and IP based data applications.

Addvalue is presently a leading global developer and supplier of mobile satellite terminals supporting coverage provided by premier mobile satellite communication system operators. These terminals are an ideal choice for communications in areas around the world where terrestrial networks are non-existent, or ineffective. This is particularly so for maritime communications, which rely almost entirely on satellite communications, where Addvalue’s marine communications terminals are well suited.

About Inmarsat (www.inmarsat.com)

Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L). For more information, please visit www.inmarsat.com

About  IDRS

The Addvalue developed IDRS terminal is an innovative key device that allows Addvalue to address a long-standing constraint on LEO satellite operations. Its unique value is it enables the provision of on-demand, low latency, 24/7 full duplex data services to support of commercial LEO satellite operations.  Presently LEO satellite operators have only brief and intermittent data service opportunities that must be rigidly scheduled around the flight path of their LEO satellites.  With Addvalue’s IDRS this restriction is eliminated, thereby simplifying the task of managing LEO satellite operations. Further, on-demand aspect of the IDRS service will enhance the efficiency of LEO satellite operations.  This is especially a boon to the operators of large LEO satellite fleets.

For Media and Investor Enquiries, please contact

Ms. Yee Ping, TAN

Mr. Chong Yap, TOK/Mr. James Bywater

Senior Manager, Corporate Affairs and Communications

Investor Relations

Addvalue Technologies Ltd.

Financial PR

E: yeeping.tan@addvalue.com.sg

E:tech@financialpr.com.sg

Tel: (65) 6509 5705

T: (65) 6438 2990

SOURCE Addvalue Technologies Limited

RELATED LINKS
http://www.addvaluetech.com

Volex and South Korea-Based Nexen Tech Enter Into a Strategic Partnership to Tackle EV Market

Volex plc, a British power cord and harness assembler and Nexen Tech Corporation (KOSDAQ: 073070.KQ), a leading South Korean manufacturer of automotive harnesses and connectors, have entered into a strategic partnership to tackle the electric vehicle market in earnest.

The agreement between the two companies is designed to set up a substantial cooperative channel required for securing the technological capabilities and developing sales network to enter the global market at the same time, building a structure that will lead to sales increase by strengthening their existing businesses.

Volex, founded in UK, which has enjoyed 123 years of a long and successful history as one of the world’s largest manufacturers of premium power cord and cable harness assemblies since 1894, has been highly regarded in the relevant industry by providing high quality optic cable solutions through partnership with IT and EV related companies.

Since its foundation in 1994, Nexen Tech which has been a key supplier of automotive wiring harness to the Korean automotive industry, is known to have been equipped with expertise and distinctiveness within the industry through technical cooperation and joint development agreement with a global automaker.

Nathaniel Rothschild, CEO of Volex, commented, “This partnership fills a gap in our product offering, and opens up significant cross-selling opportunities. Nexen Tech is a dynamic local player and will provide immediate support to our existing Korea sales office.”

In their joint strategy, both companies will take advantage of their global networks to build more efficient systems, which will in turn, reduce production costs. In particular, Nexen Tech introduced Jean-Pierre Raffarin, Chairman of Committee on Foreign Relations, Defense and Armed Forces of France and former French Prime Minister, as an internal director last month.

Jeonghun Kim, CEO of Nexen Tech said, “The partnership with Volex is expected to reinforce our technology line-up and maximize sales”, and added, “working together with Volex, which has a strong global network, we will become a global leader in the market of electric vehicle, one of the major industries in the fourth industrial revolution.”

CONTACT:

Kim Sun Hyung
Office: 11F, 441 Teheran-ro, Gangam-gu, Seoul
Cell: 070-4217-1832
Email: 
seonhyungkim92@gmail.com 

SOURCE Nexen Tech

Broadcast Equipment Market Worth 5.82 Billion USD by 2023

The report “Broadcast Equipment Market by Application (Radio and Television), Technology (Analog and Digital), Products (Dish Antennas, Amplifiers, Switches, Encoders, Video Servers, Transmitters, and Modulators) and Geography – Global Forecast to 2023”, published by MarketsandMarkets™, the Broadcast Equipment Market is expected to grow from USD 4.38 Billion in 2017 to USD 5.82 Billion by 2023, at a CAGR of 4.87% between 2017 and 2023.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 75 Market Data Tables and 40 Figures spread through 153 Pages and in-depth TOC on “Broadcast Equipment Market – Global Forecast to 2023”

http://www.marketsandmarkets.com/Market-Reports/broadcast-equipment-market-111738599.html

Early buyers will receive 10% customization on report

The rising demand for ultra high definition (UHD) content production and transmission, radical shift of products from hardware oriented to software and open architecture based, and increasing D2C offerings through OTT services and multi-channel networks in developed economies are some of the factors driving the growth of the broadcast equipment market.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=111738599

Increasing use of video servers to store and play out multiple video streams to drive the growth of broadcast equipment market

The broadcast equipment market, on the basis of product, has been segmented into dish antennas, amplifiers, switchers, encoders, video servers, transmitters and repeaters, modulators, and others, The market for video servers is likely to grow at the highest rate between 2017 and 2023. The increasing number of broadcasters offering direct-to-consumer (D2C) propositions through OTT services, along with traditional distribution routes, is fueling the growth of the market for video servers. In broadcasting, servers act as hosts and are used to deliver various contents or videos. These servers are used to store and play out multiple video streams without degrading the video signals. Broadcast video servers often store hundreds of hours of compressed audio and video (in different codecs), play out multiple and synchronized simultaneous streams of videos, and also ensure quality interfaces such as SDI for digital video and XLR for balanced analog audio, and AES/EBU digital audio.

Market for digital broadcasting expected to grow at a high rate between 2017 and 2023

The market for digital broadcasting is expected to grow at a high rate between 2017 and 2023. Digital broadcasting offers several advantages over analog broadcasting, including choice of programming and services such as additional channels, HD offerings, radio data services, and pay programs. It also allows consumers to avail better quality content with considerably lesser signal interference, without compromising on picture quality.

North America expected to hold the largest market share, while the broadcast equipment market in APAC likely to witness the highest growth rate between 2017 and 2023

North America held the largest share of the broadcast equipment market in 2016. The increasing number of cable and satellite television channels and the rising penetration of the Internet have provided broadcasters with many choices for their own creative and political expression. The growing cultural diversity throughout North America has also led to the increase in the number of broadcast channels, which, in turn, has boosted the demand for broadcast equipment in this region. Europe is also one of the potential markets for broadcast equipment. The broadcast equipment market in APAC is expected to grow at the highest rate between 2017 and 2023.

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=111738599

The major players in the broadcast equipment market include Cisco Systems, Inc. (US), Ericsson AB (Sweden), Harmonic Inc. (US), Evertz Microsystems, Ltd. (Canada), and Grass Valley (Canada).

Browse Related Reports

Terrestrial Trunked Radio (TETRA) Market by Component (Hardware, and Software), Device Type (Portable, and Vehicular (Mobile)), Application (Commercial, and Public Safety), and Geography – Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/terrestrial-trunked-radio-market-%2053325729.html

Over the Top Market by Content Type by Platform (Smart Devices, Laptops, Desktops, and Tablets), by Service (Consulting, Installation, and Maintenance), by Revenue Model, by Deployment Model, by Vertical, by User Type, by Region – Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/over-the-top-ott-market-%2041276741.html

Subscribe Reports from Semiconductor Domain @http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

 

SOURCE MarketsandMarkets

ElegantJ BI Announces Key OEM Partnership With Distribution Management Solutions Provider, Herald Logic

ElegantJ BI is pleased to announce an exciting partnership with Herald Logic Pvt. Ltd. Herald Logic specializes in technology-enabled distribution management solutions, delivered via its unique managed service cloud-hosted model. This partnership will benefit customers and stakeholders of both organizations and provide world-class integrated solutions. The ElegantJ BI business intelligence solution is powered by unique Managed Memory Computing and the Smarten approach to advanced data analytics. ElegantJ BI products have been listed in multiple Gartner reports.

(Logo: http://mma.prnewswire.com/media/516948/ElegantJBI_Logo.jpg  )

Herald Logic offers Distribution Management solutions that straddle channel lifecycle, channel compensation and channel performance management. Its customers include well-renowned entities in banking, life and general insurance and non-banking finance companies in India. Powered by its robust proprietary technology platform, IntelliRADAR, the Herald Logic solution manages sales compensation payouts of $100 million and ~10 million transactions spanning ~500,000 sales staff and channel partners. Herald Logic was recently featured in the ’25 Most Promising Retail Solution Providers – 2017′ in Asia Pacific in the annual APAC CIO Outlook Magazine survey. Herald Logic is a recognized Advanced Tech Partners of Amazon AWS, and has developed specialized capabilities and competencies to seamlessly deliver high impact distribution management solutions, on the secure AWS Cloud.

ElegantJ BI provides deep dive analytics and dazzling visualization without the need for user-technical skills and offers a driving force in analytics around the world. ElegantJ BI takes pride in its partnerships with BFSI organizations.

Dr. Ram Ramdas, Founder and Chief Evangelist of Herald Logic, says, “The ElegantJ BI analytics solution and service offerings are a significant value addition to our core offering, and will make a real difference to our customers.”

Kartik Patel, the Founder and CEO of ElegantJ BI says, “Our mutually beneficial partnership with Herald Logic will serve the needs of the market with integrated products and services, combined with excellent customer service and innovation.”

Herald Logic will embed the ElegantJ BI product into its solution, thereby enabling integrated features and functionality. Clients will enjoy rapid ROI with built-in meta data, channel analytics dashboards and reports in an out-of-the-box solution. There is no need for a separate business intelligence solution or a lengthy implementation process.

“This partnership and embedded product offering will allow other ISVs and product companies to explore OEM partnerships with ElegantJ BI and to gain a competitive advantage and enhance the value of their services,” says Kartik Patel. “An OEM partner can now offer advanced analytics and business intelligence features, embedded within their product in a seamless environment without significant investment or development time, and with full technical and user support.”

The combined solution of ElegantJ BI and Herald Logic will enhance productivity, improve TCO, and increase customer satisfaction. This will soon be rolled out at one of the largest life insurance companies in India, followed by numerous other implementations in India and abroad.

About ElegantJ BI

ElegantJ BI is the flagship BI & Advanced Data Discovery solution of Elegant MicroWeb, and an intelligent ‘Design once, Use anywhere’ adaptive UI engine for out-of-the-box roll out to transform business users into Citizen Data Scientists. ElegantJ BI supports Advanced Data Discovery with Self-Serve Data PreparationSmart Visualization and Plug n’ Play Predictive Analysis and a 100% browser-based foundation that enables Mobile BI, Social BI and rich KPI analytics. ElegantJ BI is listed as a Niche BI and Analytics Vendor in the Gartner Competitive Landscape: BI Platforms and Analytics Software, Asia/Pacific Report., and as a Representative Vendor in Gartner Market Guide for Enterprise-Reporting-Based Platforms, and in the Gartner ‘Other Vendors to Consider for Modern BI and Analytics’ report. ElegantJ BI is used by large, medium and small businesses around the world, including Religare Securities, IPCA Laboratories, JMC Projects, Sharekhan, Raychem RPG and many other small and medium size businesses.

Contacts:
Pathik Shah
Manager Marketing, BI Practice, ElegantJ BI
+91-79-30009991
contact@ElegantJBI.com
www.ElegantJBI.com

Rohit Rathore
Executive VP – Customer Success, Herald Logic
+91-9987004612
connect@heraldlogic.com
www.heraldlogic.com

SOURCE Elegant MicroWeb Technologies Pvt. Ltd.

Yatra Launches Innovative ‘Xplore’ Feature to Help Optimize Traveler Budgets

Yatra Online, Inc. (NASDAQ: YTRA, OTCQX: YTROF), India’s leading online travel company, has introduced a new feature called ‘Xplore’, which is aimed at optimizing traveler budgets. With a user friendly, easy to navigate and visually appealing design, Xplore aims to revolutionize and simplify the user experience while enabling a traveler plan a trip within a stipulated budget.

(Logo: http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
(Photo: http://mma.prnewswire.com/media/543904/Yatra_Cheapest_Airfare.jpg )

Earlier this week, while announcing strong June 2017 (F1Q18) quarterly results posting 34% YoY Revenue less Service Cost growth, Yatras CEO and Co-founder Dhruv Shringi, commented on the ongoing innovation at Yatra Labs, “On the product development front we launched an exciting new product feature towards the end of the June 2017 quarter that we are calling ‘Xplore’. This feature allows customers to find the cheapest air-fare for travel to any region in the world over the next 12 months using a new and intuitive user interface. We expect this to help us further drive growth in our international air business. A culture of Innovation is now well embedded in Yatra’s DNA. Such innovative products combined with the ATB acquisition and a strong travel macro backdrop in Indiagives us confidence in achieving our projected Revenue Less Service Cost growth of 35-40% for FY18.”

Xplore resonates well with Yatra’s commitment to innovation in the travel landscape and further expands its suite of Industry leading innovations such as Voice led search, Booking Chat Bots and UBER app integration.

You can find the Xplore feature at https://www.yatra.com/etw-desktop/

About Yatra Online, Inc.

We are the second largest online travel agent company in India. Yatra, based in Gurgaon, India, is a one-stop marketplace for all travel-related services. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in-city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading consolidator of accommodation options, Yatra provides real-time bookings for more than 65,000 hotels in India and over 500,000 hotels around the world. Through our website, http://www.yatra.com, our mobile application and our other associated platforms, leisure and business travelers can explore, research, compare prices and book a wide range of services catering to their travel needs.

Safe Harbor Statement
This release contains certain statements concerning the Company’s future growth prospects and forward looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should” and similar expressions. Such statements include, among other things, management’s beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Head of Investor Relations
+1-646-875-8380
manish.hemrajani@yatra.com

SOURCE Yatra Online, Inc.

Attunity Recognized Again by Gartner as a Challenger

Attunity Ltd. (NASDAQ CM: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that it has been named a Challenger for the second year in a row in the 2017 Gartner Magic Quadrant for Data Integration Tools report. Gartner, the world’s foremost authority on IT research and advisory services, has positioned Attunity as a challenger based on its ability to execute and with an improved quadrant position based on completeness of vision. The full report, including the quadrant graphic, is available here.

The Gartner report[1] notes, “Gartner analysts evaluate technology providers on their ability to convincingly articulate logical statements about current and future market direction, innovation, customer needs and competitive forces, as well as how they map to Gartner’s position. Ultimately, technology providers are assessed on their understanding of the ways that market forces can be exploited to create opportunities… Gartner estimates that the data integration tool market generated more than $2.7 billion in software revenue (in constant currency) at the end of 2016. A projected five-year compound annual growth rate of 6.32% will bring the total market revenue to around $4 billion in 2021.”

“We are pleased and honored to be recognized again by Gartner as a Challenger in the data integration market,” said Itamar AnkorionChief Marketing Officer at Attunity. “We believe our position in the 2017 Gartner Magic Quadrant for Data Integration Tools is a result of our continued dedication to customer success and technology innovation, bringing to market universal, hybrid and real-time solutions that enable organizations to turn data into value faster and providing competitive advantage.”

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

About Attunity
Attunity is a leading provider of data integration and Big Data management software solutions that enable availability, delivery, and, management of data across heterogeneous enterprise platforms, organizations, and the cloud. Our software solutions include data replication and distributiontest data managementchange data capture (CDC)data connectivityenterprise file replication (EFR), managed file transfer (MFT), data warehouse automationdata usage analytics, and cloud data delivery.

Attunity has supplied innovative software solutions to its enterprise-class customers for over 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and Hewlett Packard Enterprise. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, visit  http://www.attunity.com  or our blog and join our communities on TwitterFacebookLinkedIn and YouTube.

Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the anticipated features and benefits of Replicate and Visibility Solutions, within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal Securities laws. Statements preceded by, followed by, or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Attunity’s current expectations. Factors that could cause or contribute to such differences include, but are not limited to: risks and uncertainties relating to our history of operating losses and ability to achieve profitability; our reliance on strategic relationships with our distributors, OEM, VAR and “go-to-market” and other business partners, and on our other significant customers;  risks and uncertainties relating to acquisitions, including costs and difficulties related to integration of acquired businesses; our ability to expand our business into the SAP market and the success of our Gold Client offering; timely availability and customer acceptance of Attunity’s new and existing products, including Attunity Compose and Attunity Visibility; risks and uncertainties relating to fluctuations in our quarterly operating results, which may not necessarily be indicative of future periods; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; a shift in demand for products such as Attunity’s products; the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism as well as cyber-attacks; and other factors and risks on which Attunity may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Attunity, reference is made to Attunity’s latest Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Attunity in reports filed with, or furnished to, the SEC. Except as otherwise required by law, Attunity undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

© Attunity 2017. All Rights Reserved. Attunity is a registered trademark of Attunity Inc. All other product and company names herein may be trademarks of their respective owners.

[1]Source: 2017 Gartner Magic Quadrant for Data Integration Tools, Mark A. Beyer, Eric ThooMei Yang SelvageEhtisham Zaidi03 August 2017.

Press contact:
Melissa Kolodziej, Senior Director of Marketing Communications, Attunity
melissa.kolodziej@attunity.com
Tel. 603-305-3664

SOURCE Attunity Ltd.

HKSTP confident of Hong Kong innovation and technology ecosystem’s potential as home-grown SenseTime joins “unicorn” league

Hong Kong Science and Technology Parks Corporation (HKSTP) is very proud that a home-grown Hong Kong company that has made great strides in groundbreaking artificial intelligence technologies has become the very first “unicorn” in Hong Kong Science Park. SenseTime Group Ltd, which boasts market valuation exceeding HK$10 billion following the completion of its US$410 million B-round funding in July, underscores the potential of Hong Kong’s innovation and technology ecosystem for tech companies to grow into internationally successful enterprises of significant market value.

SenseTime was jointly founded by Hong Kong bred academics including a group of researchers and students from research lab led by Prof. Xiaoou Tang, who is the Outstanding Fellow of the Faculty of Engineering of The Chinese University of Hong Kong (CUHK). Co-founder and founding CEO Dr. Xu Li, also received his Ph.D. degree from CUHK in 2010. They founded the company in Science Park in 2014 to leverage the diverse support services offered by HKSTP and the top-notch talent pool in the ecosystem to refine its artificial intelligence technologies that are now widely adopted by blue-chip companies in Hong Kong and Mainland China. Having its technologies certified in Hong Kong also helps to enhance global recognition and facilitate international propagation.

HKSTP Chief Executive Officer Albert Wong hails SenseTime’s achievements as exemplary. “Hong Kongis blessed with a number of world-class universities nurturing top technology minds in the world. The open and multicultural environment of our ecosystem is drawing in rich talent, as they see the value of Science Park as an ideal base for spearheading cutting-edge work and gaining international recognition. The success of SenseTime’s co-founders in turning their Science Park-based company into a unicorn is very encouraging. They inspire other self-starters in our technology ecosystem to aim high.”

About Hong Kong Science and Technology Parks Corporation

Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.

Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.

Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill- intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.

 

SOURCE Hong Kong Science and Technology Parks Corporation

CONTACT: Hong Kong Science and Technology Parks Corporation, Sam Yan, Tel: (852) 2629 6743, Email: sam.yan@hkstp.org

RS Components appoints Athena Wang as Country Manager for China and Hong Kong

RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, has announced the appointment of Athena Wang as Country Manager for China and Hong Kong. The appointment supports the company’s ongoing strategy to be the one-stop shop for industrial parts and electronic components serving the needs of engineers and buyers in mainland China and Hong Kong.

Based in Shanghai, Athena will lead the strategic development of the RS mainland China and Hong Kong business, one of the most important markets for growth in the APAC region. Her focus is to reinforce the company’s value proposition to better serve the industry by providing ease of service, reliability in delivery, breadth of product range in both the industrial and electronics categories, and sector-specific knowledge and technical expertise. She will lead the local teams to fuel growth by expanding the customer base, gaining market share, driving supplier programmes, developing new channels to the market, and promoting RS as the leading high-service distributor offering the latest technology and product innovations.

“Athena comes from a diverse business and cultural background and has more than 20 years of senior leadership experience from the electronics/semiconductor industry, non-profit organisations and startups. Riding on the strategic transformation in China’s verticals, Athena’s expertise will lead the RS mainland China and Hong Kong business as we continue to deliver the latest technological innovations and the best-in-class customer experience to the industry,” commented Jürgen Lampert, Vice President APAC, RS Components.

Prior to joining RS, Athena held various leadership roles in the electronics industry with Arrow Asia Pacific, National Semiconductors, Premier Farnell and Future Electronics.

About RS Components
RS Components and Allied Electronics are the trading brands of Electrocomponents plc, the global distributor for engineers. With operations in 32 countries, we offer more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping around 50,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2017 had revenues of GBP1.51bn.

For more information, please visit the website at www.rs-online.com.

Further information is available via these links:

Twitter: @RSComponents@alliedelec@designsparkRS

RS Components on Linkedin:
http://www.linkedin.com/company/rs-components

Other Relevant Links:

Electrocomponents plc: www.electrocomponents.com
RS Components: www.rs-online.com
DesignSpark: www.designspark.com

Photo – https://photos.prnasia.com/prnh/20170810/1916848-1
Logo –  http://photos.prnasia.com/prnh/20150818/8521505364LOGO

SOURCE RS Components

CONTACT: RS Components, Vivian Zee, PR & Advertising Manager, Tel: +852 2610 6472, Email: vivian.zee@rs-components.com

RELATED LINKS
http://www.rs-online.com/

6th Annual IoT Innovation India Conclave Showcases Internet of Things Will Make Future Connected India Smarter

By 2020 there will be up to 21 billion connected devices 

The 6th Annual IoT Innovation Conclave & Exhibition 2017 ended on a high note with 300+ participants being ecstatic about the future of IoT technology in India. Organized by Konnect Worldwide Business Media Pvt Ltd, this was the 6th edition of this highly successful event.

Deloitte TMT Predictions 2017 projects that the market for IoT in India is expected to grow from $1.3 billion in 2017 to $9 billion by 2020. The global market on the other hand is expected to touch $300 billion in the next 5 years. Relative to the rest of the world software is the brain and India powers it.

According to the industry estimates, by 2020 the highest adoption of IoT in India will be seen in industries such as utilities, manufacturing, automotive & commercial telematics, transportation and logistics. In addition to this, the Government has pledged to invest USD 1 billion for 100 smart cities over the next five years will be a key enabler for IoT adoption. This provides a huge opportunity to IoT players in India but there is a big challenge in terms of offering India-centric solutions and understanding how to fuel the growth of IoT business in this market. This conclave provided a great opportunity to the key stakeholders to come under one roof, showcase the latest tech innovations and deliberate on the way forward.

Extending a warm welcome to all the panelists, delegates and attendees, Mr. Sanjay Srivastava , Business Head, Mahindra World City (MWC), Jaipur, said, “We are delighted to be a part of the IoT Innovation India Conclave & Exhibition 2017. At Mahindra World City (MWC), we believe that thoughtfully planned industrial infrastructure combined with technology innovation can add significant value to the industrial clients and professionals working and residing at well-planned cities of the future. IoT can be an enabler of improved quality of life and can go a long way in creating smart and resilient cities of the future. MWCs have been at the vanguard of such implementations of various smart technology initiatives such as Smart Street Lighting, Parking, Waste Management, Integrated Building Energy Management System, Smart Metering, Integrated Security & Surveillance etc.”

Mr. Kuldeep Malik, Country Head Corporate Sales International, Mediatek said, “Our platforms have been powering IoT devices in India for decades now. We have been focusing on making our chipsets smaller, more connected and power-efficient. Conclaves like these offer us a great platform to showcase what all we have been doing and also an opportunity to review market dynamics. We believe IoT Innovation India Conclave offers a great platform to exchange ideas and work together towards a more connected society.”

Buoyed by the response to the event, organizers are contemplating making this a multi-city event. Rahul Sindhwani, Founder and CEO, Konnect said, “We are extremely grateful to all our partners and attendees that helped in making the IoT Innovation India Conclave & Exhibition 2017 a huge success. It has been our endeavor to make this event bigger and better than before and it gives us huge satisfaction to be able to achieve this goal. We believe that this year’s event provided all participants an ideal platform to discover India specific innovative applications and usages along with a great networking forum.”

Aman Khanna, Founder and Director, Konnect reiterated – The intent of the event is to create a conducive environment for all the technology players in IoT space in India to come together, interact and lay the foundation of the future. The IoT conclave provided a valuable opportunity to the key players to discover India specific innovative applications and usages. It also helped them in analyzing the market trends and dynamics and to mold their business strategies of IoT adoption in India in accordance to the same.

IoT Innovation Conclave has been bringing together experts, leaders, innovators, and startups in IoT under one roof since last five years. This year’s event was a great success and included keynote speeches by CXOs of leading IoT technology players. The interactive format of the event allowed attendees to talk to the leaders on an one-to-one basis.

About Konnect Worldwide Business Media

Konnect Worldwide Business Media is India’s leading live business media and events company that engages people and enriches businesses worldwide. We at Konnect provide the industry across the world with Telecom & Information Technology platforms that bring together buyers and sellers from around the world, through a portfolio of content led conferences & seminars and exhibitions, webinars, corporate events & briefings and powerful coaching & training programs. Our conferences are major industry gatherings focusing on strategy, innovation, technology & customers and our trade exhibitions are marketplaces for global business.

Contact:

Aman Khanna
aman@konnectworldwide.com
+91-9891073544

 

SOURCE Konnect Worldwide Business Media Private Limited

RISQ and StraitsBridge sign strategic partnership

RISQ and StraitsBridge, a specialist firm founded by Sanjay Uppal, former Group Chief Financial Officer of Emirates NBD, that provides advisory services across finance, risk & analytics domains to financial institutions, have signed a cooperation agreement appointing StraitsBridge as exclusive distributor for RISQ solutions for the GCC, Lebanon and Egypt markets.

“We are delighted to partner with StraitsBridge whose professionals, across their Singapore and Dubaioffices, comprise of former senior bankers who bring a deep understanding of challenges banks face in the management of financial institutions (FI) & commercial lending businesses where a number of key tasks are performed manually or on simple in-house applications. StraitsBridge works closely with C-level across banks in the MEA region allowing us to discuss challenges faced by the banks directly with the decision makers,” said RISQ’s CEO Michael Jesse.

RISQ’s first customer in the MEA region is Emirates NBD Group who went live with ‘RISQ | financial institutions’ in December 2016 and has, since then, rolled out RISQ successfully to its branches in Saudi ArabiaSingaporeLondon, and Mumbai.

Welcoming the partnership, Sanjay Uppal, Founder and CEO of StraitsBridge Advisors, said “Banks across our key markets, including in Middle East & Africa, are looking to enhance control, efficiency and transparency in managing their FI businesses, and are keen to invest in long-term solutions that will carry them well into the future. Following a lengthy review, we found ‘RISQ | financial institutions’ exceeded our expectations as a unique product that revolutionizes how banks manage their FI businesses. We are delighted to partner with RISQ and look forward to bringing their solution to banks in the MEA.”

About StraitsBridge

StraitsBridge provides advisory & execution services to financial institutions across finance, risk & analytics domains — helping create value and architect transformation for its clients. StraitsBridge’s professionals bring their global experience to work with financial institutions to anticipate, illuminate and overcome complex business challenges. In 2016, StraitsBridge was recognized among ’20 Most Promising Enterprise Performance Management Solution Providers 2016′ by CIOReview and among ’25 Most Promising Business Intelligence Solution Providers 2016′ by APAC-CIO Outlook. StraitsBridge is headquartered in Singapore and has an office in Dubai.

For more information, visit: http://straitsbridge.com/.

About RISQ

RISQ offers a radically new approach in financial software by addressing significant business challenges banks have in commercial lending and treasury with a highly innovative and fresh approach. It offers the industry’s first smart suite of financial software that uses AI (artificial intelligence) as a core innovation which allows RISQ to fundamentally change the game. This gives its clients a tangible and significant competitive advantage that cannot be achieved with existing solutions available in the market today. The core value of RISQ is ‘simplicity’ and to make financial software as easy, useful, and engaging as tools people use daily such as smartphones, google search or alike. RISQ is headquartered in Dubai, UAE.

For more information, visit: http://www.risq.info/.

Media Contacts

RISQ

Michael Jesse

+43 66 4131 5687  | michael.jesse@risq.info

StraitsBridge

Lydia Anuar

+65 6909 2920 | lydia.anuar@straitsbridge.com

SOURCE StraitsBridge Advisors Pte Ltd

RELATED LINKS
http://straitsbridge.com/

Enjoy the most beautiful harmony of ethereal voices in Incheon International Airport’s World A Cappella Competition

The Incheon International Airport will host the World A Capella Competition, one of its regular cultural programs held every summer to spice up the holiday season. Held for the second time since 2014, the World A Capella Competition will take place for three days from August 11 to 13 at 4 pm Seoul time in Millennium Hall on the first floor of Passenger Terminal.

While the main event will take place on August 12, side events are also scheduled prior to and following the competition, with “Asia Youth A Capella Competition” on August 11 and “A Cappella Gala Concert” on August 13. This year, world-renowned a cappella ensembles that have made it to the final will vie to be the best a cappella group in the world.

On the first day, August 11 (Friday), Asia Youth A Cappella Competition will be held with young, budding songbirds of Asia. A total of six teams, including “Deli Custard,” “Hugang,” “LoGs,” “Himeto Hotaru,” “Masusiro Sirokuke,” “Regardless A Capella Group,” will vie for the title, while Doo Wop Sounds, an up-and-coming a capella group well known for unique arrangements and charismatic stage presence, will give special performances.

On August 12 (Saturday), the World A Capella Competition will take place with the world’s leading a cappella groups. It will feature a total of seven teams, including “Narin,” “Free.T,” “M&M,” “Chicago Boy,” “The 4 of Us,” “Ten Thousand” and “Lark,” with special performances of Zenith, a pop-jazz a cappella ensemble.

On the final day, August 13 (Sunday), the winner of the 1st and the 2nd World A Cappella Competition, and a Grammy Award winning vocal ensemble “New York Voices,” will make a grand finale.

Incheon International Airport has provided culture and art programs year-round under the theme “Culture Touches the Sky” since 2011 and has been admired by local and international citizens as the world’s leading cultural airport.

Incheon International Airport

Cultural Event Team
+82-32-741-3250
cultureport365@naver.com

SOURCE Incheon International Airport

Tata Elxsi Wins the Supplier Excellence Award from Jaguar Land Rover

Tata Elxsi, a leading global design and technology services company, has received the prestigious Jaguar Land Rover Supplier Excellence Award for 2017.

(Logo: http://photos.prnewswire.com/prnh/20161116/440033LOGO )

This award recognizes companies who consistently demonstrate excellent on-time delivery, continuous quality, technical innovation and consistently meet production and design challenges with a complete understanding of Jaguar Land Rover’s standards.

Tata Elxsi has been working with Jaguar Land Rover for over 16 years now, and set up an Offshore Development Center for Jaguar Land Rover in 2008, to provide design, technology and engineering services, right from advanced R&D to software and engineering for production programs and complete vehicle program management.

Tata Elxsi was recognized this year for its contribution to an innovative industry-first feature, which is now available in Jaguar Land Rover vehicles. Tata Elxsi was responsible for the development of this module, including the application, base software, integration and testing. The design delivers a scalable common architecture, which can be used across multiple variants and programs, resulting in not only a differentiated feature for Jaguar Land Rover vehicles, but also significant cost and weight savings along with the benefits of complete ownership of the software.

Speaking about the award, Mr. Anil Sondur, Executive Vice President, Tata Elxsi, said, “Winning the Jaguar Land Rover Supplier Excellence Award is a great moment for us, and, reaffirms the fact that we are strategically aligned to Jaguar Land Rover’s vision and roadmap, and understand their commitment to design and technology. We take pride in supporting Jaguar Land Rover to achieve its goals of building cars that combine distinctive design and superlative technology.”

About Tata Elxsi

Tata Elxsi is a global design and technology services company, headquartered in Bangalore. It addresses the automotive, broadcast and communications, consumer electronics and healthcare industries. This is supported by a network of design studios, development centres and offices worldwide.

Tata Elxsi works with leading OEMs and system suppliers in the automotive and transportation industries for R&D, design and product engineering services from architecture to launch and beyond. It brings together expertise in mechanical, software and electronics development, domain experience across Infotainment, Active Safety, Telematics, Powertrain, and Hybrid, Body & Chassis systems, along with technologies such as artificial intelligence, analytics, cloud and IoT. Tata Elxsi is accredited with Automotive SPICE Level 5 certification and is a member of leading consortiums such as AUTOSAR and OPEN Alliance.

Media Contact: 
Hari Balan
Corporate Communications
Telephone: +91-80-22979123
Email: media@tataelxsi.com

Website: http://www.tataelxsi.com

 

SOURCE Tata Elxsi

Diabetes Insurance Gets a Big Boost as Global Reinsurance Leader Swiss Re Engages With Wellthy Therapeutics for its 2017 InsurTech Accelerator

– Wellthy Therapeutics and Swiss Re to collaborate on creating clinically validated digital health solutions for health and life-insurers

– Swiss Re will work with Wellthy Therapeutics in making insurance more affordable and accessible for people with Type 2 Diabetes

Wellthy Therapeutics, a Digital Therapeutics company based out of Mumbai, is one of the five companies selected, and the only Healthcare company to enrol into Swiss Re InsurTech Accelerator programme this year. Wellthy’s artificial intelligence powered mobile intervention focuses on reversing and controlling diabetes through integrated care. Wellthy facilitates behavioural change and enables on demand care to improve health through a clinically proven policyholder centric tool, while reducing risk for health and life insurers.

Indians are getting diabetes at a younger age, and complications are arising faster. More importantly, diabetics are largely ineligible for insurance. When eligible, that insurance comes at a very high premium. Insurers on the other hand find it difficult to insure diabetics, especially when the average diabetic’s blood sugar remains uncontrolled, and is at high risk of complications such as heart diseases. While the number of diabetics over the last 20 years having tripled to over 70m, alongside an estimated 80m prediabetics, the state of diabetes in India is only getting worse. With an estimated 100m diabetics in India by 2025, access to affordable insurance and clinically proven tools to control and reverse the condition, is the need of the hour.

“Chronic diseases like diabetes are a massive risk factor for various complications that lead to hospitalization, disability and reduced longevity. We are constantly working to empower our clients and their policyholders with the tools to live happier, healthier and longer lives. We are excited to work with Wellthy Therapeutics to facilitate prevention, control and reversal of policyholder chronic conditions like diabetes through their clinically validated  intervention, and explore ways to provide this tool to our clients to achieve a common goal,” said Kalpana Sampat, CEO of Swiss Re India Branch.

As the insurance industry aims to take an active role in helping chronic disease sufferers improve their health, technology enables insurers to help customers in a clinically significant, scalable manner. For instance, a 1% reduction in average blood sugar levels (HbA1c) can reduce the threat of cardiovascular disorders by 12%, heart failure by 16%, amputation caused due to peripheral vascular disease by 43% and cataract extraction surgery by 19%(1). Wellthy’s Artificial intelligence-powered intervention provides an integrated care platform managing and reversing diabetes, while coming with great side effects like improved weight management, increased physical activity, and better quality of life.

“Innovations in insurance, such as Wellthy’s AI-enabled diabetes management platform, can help insurance customers better self-manage their condition and reduce risk significantly. Leveraging on the increase in the adoption of digitalization, Swiss Re is currently piloting innovative solutions in partnerships with insurers and tech companies to validate the positive risk outcome and bring value back to the customers. We are looking forward to explore the co-creation of clinically validated digital solutions for the health and life insurance industry with Wellthy Therapeutics,” said Yannick Even, Head of InsurTech Solutions, Life & Health Asia, Swiss Re.

As part of the accelerator, Wellthy aims to utilize Swiss Re’s global expertise to co-create a better diabetes prevention and reversal product for insurers. “We were ecstatic to hear about our selection for this year’s InsurTech Accelerator. Swiss Re is a global leader in reinsurance, with deep insights and incredible learnings about life and health insurance across the world. This partnership would help us significantly in making our product more scalable, affordable and relevant for the entire Diabetes Insurance ecosystem,” said Abhishek Shah, CEO and Co-founder of Wellthy Therapeutics.

About Wellthy Therapeutics:

Wellthy Therapeutics is a digital therapeutics company that uses artificial intelligence (AI) and patient centric design to improve patient outcomes for all stakeholders in diabetes care. Its goal is to facilitate behaviour change and self-management for patients, while helping physicians to enable continual care using technology and solve for the 8750+ hours that patients don’t have access to healthcare. Wellthy Therapeutics has commercialized a digital therapeutic for patients with type 2 diabetes, that is the first endorsed digital diabetes intervention by Asia’s largest Diabetes Association (RSSDI) as a prescription grade intervention that can be prescribed by doctors to patients with type 2 diabetes.

Wellthy’s clinical pilots and early data have proven better diabetes outcomes than any entry level prescription diabetes drug in the world, and it has a proven record of publishing clinical evidence. It recently published real world data at the RSSDI 44th Annual conference in Hyderabad, India, at the AACE 26th Annual Congress in Austin, TX, and at ADA 77th Scientific Sessions in San Diego, CA. For more information, visit www.wellthy.care.

About Swiss Re InsurTech Accelerator 2017:

The Swiss Re InsurTech Accelerator is a 20-week intensive program to provide mentorship and help curate startups with the potential of disrupting insurance practices. Started in July 2016, it is the first-ever initiative by a reinsurance company to foster technology innovation amongst startups in the insurance tech area in India. Through this program, startups have received the opportunity to engage with global Swiss Re leaders, found new business connects, and gained access to the expertise from the Swiss Re team and mentors from the industry. This year, the selected companies include startups from IndiaEuropethe United States and Singapore. They are: CarlQ, Ignitia, Tyche, Wellthy, and Vouch. The selected startups will present their learnings and achievements at the InsurTech Accelerator ‘Demo Day’ to Swiss Re’s global leadership, industry stalwarts, ecosystem partners and potential investors later this year.

  1. I.M. Stratton et al; Association of glycaemia with macrovascular and microvascular complications of type 2 diabetes (UKPDS 35): prospective observational study; BMJ 2000;321:405-12)

 

Media Contact:
Adwait Dandekar
Marketing Manager, Wellthy Therapeutics
adwait.dandekar@bwellthy.com
+91-9819523576

 

SOURCE Wellthy Therapeutics Pvt Ltd

Wanda Hotel Development Announces Acquisitions of Wanda Travel and Wanda Hotel Management in Major Restructuring

Wanda Hotel Development Co. (0169.HK), the Hong Kong-listed arm of Dalian Wanda Group, announced acquisitions of Wanda Culture Travel Innovation Group and Wanda Hotel Management Co. in a major restructuring.

In a filing posted on the Hong Kong Stock Exchange at 10:52pmAugust 9, Wanda Hotel Development said it will acquire Wanda Travel for RMB6.3 billion, paid either in cash, the issue of shares and/or convertible bonds, with share prices determined by the company’s closing price on Aug. 8 at HK$1.16per share. Wanda Hotel Development will acquire Wanda Hotel Management for a cash price of RMB750 million.

Wanda Travel is principally engaged in theme park design, construction and operation management, while Wanda Hotel Management is principally engaged in hotel design, construction and operation management.

Wanda Hotel Development will also dispose of its interests in four overseas property projects to Dalian Wanda Commercial. After the above transactions, Wanda Hotel Development will become a strategic platform as Wanda Group’s Hong Kong-listed company focusing on theme park and hotel operation and management.

See full regulatory filing here:  http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0809/LTN20170809826.pdf

SOURCE Dalian Wanda Group

CONTACT: Zhou Moming, Managing Director, Global Communications, Dalian Wanda Group, zhoumoming@wanda.cn; Xie Jingwei, Senior Manager, Global Communications, Dalian Wanda Group, +86-10-8585-3202, xiejingwei@wanda.cn; Peggy Li, Hill Knowlton Strategies, Peggy.Li@hkstrategies.com

Globe Telecom’s Fuse to Provide Loans Powered by Mambu

Mambu helps to transform existing operations and launch new products to potentially reach Globe’s 60 million customers

Mambu, the SaaS banking engine, today announced it will be powering the consumer and business lending products of Fuse, the lending arm of Filipino financial technology firm Mynt, by September 2017.

(Logo: http://photos.prnewswire.com/prnh/20130924/642408-a )

Launched in 2015, Mynt is a subsidiary of leading Philippine telecom company Globe Telecom which has a customer base of over 60 million.  Mynt is increasing access to  financial services through mobile money, micro-loans and technology by leveraging the mobile and store networks of its partners and parent company in a country with 113% mobile penetration but only 31% banking penetration.

Mynt launched its lending business, Fuse, in 2016 to address the credit vacuum in the Philippines.  Micro, small and medium enterprises (MSMEs), which account for 99.6% percent of total registered companies in the country, as well as individuals face significant difficulty in accessing credit from incumbents due to stringent credit decisioning, limited authentication documentation and lack of collateral.

John Rubio, President and CEO of Mynt said:  “Most Filipinos do not have credit history on which future financial transactions may be based.  This, in turn, leads to poor access to legitimate credit facilities and proliferation of informal lenders. Through Fuse, we are changing this scenario in order to provide financial services in a non-traditional manner that will benefit the majority of our population who are unbanked.”

“Mambu understood our vision and is enabling us to rapidly create, launch, and service tailored products that address the local market needs,” said Anthony Thomas, President and CEO of Fuse.  “In Mambu we have found the right partner to accelerate and scale our lending business, as well as power innovative and secure consumer and business loan products.”

The solution’s flexibility will allow Fuse to overcome some of the challenges specific to the Philippinesby autonomously configuring them for the market.

“Mambu’s SaaS model provides Fuse with a best-in-class solution which benefits from continued enhancements and requires little resource to maintain,” said Thomas.  “We will be able to scale, integrate with the latest technologies and be ready to manage the significant transaction volumes we anticipate.”

“Leveraging the agility of the Mambu SaaS banking engine we will enable Fuse to provide innovative and much needed loan products to Filipino businesses and consumers,” said Chiou Hao Chan, Mambu Managing Director, APAC.  “Mynt is in an ideal position to disrupt the market and meet consumer demand for convenient and safe digital lending.  We anticipate an increasing number of telcos and third-party providers in APAC will move into the financial services market and look forward to supporting this shift.”

About Fuse Lending, Inc. (Fuse)

Fuse is a tech-based lending company in the Philippines that provides fintech-enabled loans including micro, personal, and business loans, without the usual restrictions applied by banks and other lending institutions to its customers. It is operated by Mynt, a fully-owned subsidiary of Globe Telecom.

For more information, visit http://www.fuselending.com. Follow us on Facebook at http://www.facebook.com/fuselending.

About Globe Fintech Innovations, Inc. (Mynt)

Mynt is a fully-owned subsidiary of Globe Capital Venture Holdings, Inc. that provides innovative and first-in-world fintech solutions to consumers, merchants, and organizations. Its purpose is to enable financial access for consumers and merchants by disrupting traditional channels through digital financial technology services. It operates two fintech companies: GCash, a micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer, and Fuse, a tech-based lending company that enables Filipinos to get personal and business loans through use of mobile technology, alternative data, and innovative credit scoring methods. For more information, visit http://www.mynt.xyz .

About Mambu

Mambu is the SaaS banking engine powering disruptive loan and deposit products.  We are the lean alternative to cumbersome core banking systems.  Helping our clients to successfully start up new business ventures, transform existing operations, launch new products and expand into new markets.  Mambu provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfolio.

Launched in 2011, our technology powers over 5000 loan and deposit products which serve over 3 million end customers.  With more than 180 live operations in over 40 countries, ranging from FinTech revolutionaries to traditional banks, Mambu is helping financial institutions evolve and thrive in the digital age.

For more information, please visit our website or follow us on  Twitter and LinkedIn.

 

SOURCE Mambu

CONTACT: Articulate Communications, +447951163615, mambu@articulatecomms.com

FE CREDIT Proudly Affirms its Position as the Market Leader With 2 Consecutive Years Awarded ‘Best Consumer Finance Brand In Southeast Asia 2017’ by Global Brands Magazine (GBM)

This award is one of the prestigous nomination for leading brands of all industries across the globe. The Global Brands Magazine (GBM), trusted international online and print magazine in the United Kingdom awarded VPBank Finance Companys FE CREDIT brand the title Best Consumer Finance Brand in Southeast Asia 2017. This is the second consecutive year GBM nominated and grantedaward to FE CREDIT, and the first time the scope of this award is expanded to Southeast Asia region, compares to 1st award in 2016 in Vietnam only.

With its key products and services such as personal loans, two-wheeler loans, consumer durables loans and credit cards, by the end of 2016, FE CREDIT is leading the consumer finance market with a market share of 48.42%, three times higher than the 2nd player in the Vietnam consumer finance market. Source: Stoxplus.

(Photo: http://mma.prnewswire.com/media/543668/Kalidas_Ghose_CEO_FE_CREDIT.jpg )

On this occasion, Mr Kalidas Ghose, CEO of FE CREDIT shared: “It is a great honor of FE CREDIT to receive this distinguished award. It acknowledges our pioneer achievements to improve service quality, to diversify our products range and networks and constantly apply advanced technologies in order to best serve our customers, partners and investors. In 2017, again, FE CREDIT proudly affirms our position as the market leader in the Vietnam consumer finance market, benchmarking with the world’s best practices. We are committed to nurture people future across Vietnam who is often neglected by banks with better financial products and services.”

The award winners were selected and chosen from a competitive group of entrants, all of whom demonstrated unique and exceptional service delivery towards evolving financial sectors, not only in the same country but also within their regional areas. FE CREDIT was awarded this honor for its exceptional commitment to Innovation, Quality, Branding Activities, Technology Application, Risk Management, Customer Service and Performance, contributing to the robust financial environment in Southeast Asia. The Award announcement is now on GBM’s official website: http://www.globalbrandsmagazine.com/award-winners-2017/

About FE CREDIT 

Being one of the few pioneers in the Consumer Finance industry, after 7 years of operation, FE CREDIThas establishe consumer finance a solid foundation to become the market leader of the c market. FE CREDIT currently provides consumer lending services with key products such as personal loans, two-wheeler loans, consumer durables loans and credit cards with flexible loan period from 6 to 36 months, simple application procedures, rapid disbursement period and dedicated consulting services.

Up to now, FE CREDIT has served nearly 6 million customers, cooperated with more than 5,500 partners in more than 9,000 points of sale across the country. We focus on sustainable development and commit to realize the dreams of millions of Vietnamese people through the provision of completed financial products and services to consumers.

For more information, please contact:
FE CREDIT Marketing Center – VPBank Finance Company Limited (VPB FC)
Address: Level 2, REE Tower Building, No. 9 Doan Van Bo, Ward 12, District 4, Ho Chi Minh City
Phone: +84-8-3911-5212
Email: pr@fecredit.com.vn

Website: www.fecredit.com.vn

SOURCE Global Brands Publications Limited

OpenNMT, the Neural Translation System, developed by SYSTRAN and Harvard, distinguished by ACL 2017, The World Conference of Experts in Computer Linguistics

SYSTRAN, a software publisher specialized in machine translation and natural language processing, announces that the joint research and development between SYSTRAN and Harvard NLP on neural translation has been distinguished by the ACL, the 55th World Conference of Experts in Computer Linguistics. The article summarizing this research was awarded “Best Demonstration Runner-up” (finalist in the category of operational systems). This rewards a commitment of more than six months by the SYSTRAN R&D teams and recognizes the excellence of their research.

The ACL is the world’s leading meeting on research on automatic language processing. This year, the ACL was held in Vancouver from July 30 to August 4, 2017 and highlights the latest advances in artificial intelligence applied to language processing: neural translation, semantic analysis, automatic content generation. This year, ACL has decided to reward, among others, research projects that are distinguished by their excellence and their innovative character.

Open Neural Machine Translation, developed by SYSTRAN and Harvard, distinguished by ACL                      

In the “Operational Systems” category, the OpenNMT system developed by SYSTRAN and Harvard is one of the two finalist projects, ahead of dozens of other innovative projects representing the elite of international research. OpenNMT is an open source neural translation system, launched in December 2016, with several hundred users and contributors from the academic and industrial world. About twenty researchers, linguists and engineers from SYSTRAN’s R&D, are working on the development of this platform and enlivening the user community.

An important step for SYSTRAN

The mastery of neuronal technology by SYSTRAN and the positive reception by the market augurs very important development prospects. With GAFAM, embarking on the development of similar solutions, SYSTRAN, always a forerunner, has already obtained the recognition of the scientific community and is moving on to the next stage. The company now wants to capitalize on these developments to open up new possibilities, beyond automatic translation, in other areas such as semantic analysis, multimedia document processing, or language learning. To feed these ambitious projects, SYSTRAN is currently recruiting experts to expand its R & D department, particularly in the field of Artificial Intelligence.

Jean Senellart, Global CTO (Technical Director & Global Innovation) of the SYSTRAN Group comments on this distinction: “OpenNMT is at the crossroads of academic research and industrial requirements in an Open source context. This recognition enhances the work done by researchers, engineers and all of the user-contributors federated through this project. In an Open source project, a constant and long-term commitment is essential to gain the support of the community. It is this day-to-day commitment by the SYSTRAN R&D teams that is now rewarded. Nevertheless, the best is still ahead of us: in the months and years to come, our customers will be

able to benefit from the incredible potential offered by these latest innovations. ”

About SYSTRAN

SYSTRAN machine translation solutions enable companies to improve their multilingual communication and productivity in many areas such as in-house collaboration, Big Data management, monitoring, e-discovery, content management, customer support, E-commerce and localization projects. With more than 140 language pairs available, SYSTRAN solutions, which are secure and customized in every customer context, are used daily by many global companies, organizations in the defense and security sector, and translation agencies.

Since its creation SYSTRAN has always been a pioneer in automatic language processing and today offers the market a new generation of engines by exploiting the latest advances offered by artificial neural networks and Deep Learning.

For more information, visit www.systrangroup.com  and http://blog.systransoft.com

Contact:

Kevin Kim
Tel: 82-10-2805-5663
E-mail: gbkim@mnkpr.com

SOURCE SYSTRAN International

RELATED LINKS
http://www.systransoft.com/

Ceang Resort And Wanda Hotels & Resorts Ink Strategic Partnership For Wanda Realm Rosort Langkawi

  • The Tropicana Cenang, Langkawi project is set to become a world-class tourist destination as well as a family hub for leisure and entertainment
  • Property developer, Cenang Resort will transform Tropicana Cenang into a high-end seafront resort-living lifestyle mixed development
  • The 350-room hotel, Wanda Realm Resort Langkawi will be managed by Wanda Hotels & Resorts, a world renowned hotel management company

BEIJINGAug. 9, 2017 /PRNewswire/ — Property developer Cenang Resort Sdn Bhd (“Cenang Resort”) today announced its strategic partnership with Wanda Hotels & Resorts, a world-renowned hotel management company that will manage Wanda Realm Resort Langkawi within the resort-themed development of Tropicana Cenang. Strategically located in one of the most vibrant areas of Langkawi along the pristine beach of Pantai Cenang, the mixed development has a projected total gross development value (“GDV”) of RM1.55 billion.

Through the strategic partnership, both Cenang Resort and Wanda Hotels & Resorts will spearhead new directions in resort management given Wanda Hotels & Resorts’ extensive experience in providing high-quality, international standard hotel management that will further boost the attractiveness of this mixed development, comprising a hotel, two 40-storey residential towers and commercial components tailored for the tourism and services industry.

Earmarked to be an iconic addition to the Langkawi skyline upon completion by the end of 2023, this development which is located on 5.28 acres of prime freehold land fronting the Andaman Sea is expected to be a key tourist destination as well as family hub for leisure and entertainment, catering to both local and overseas tourists.

“The development is expected to bring growth opportunities to both the tourism and property industry at this island. Tourism has emerged as a powerful vehicle for economic transformation, job creation and infrastructure development in Langkawi. A main tourist destination and the third largest island in Malaysia, Langkawi has emerged as an attractive option for property development and property investment. Given this positive outlook, we believe that this development will further spur socio-economic development of the local communities with the creation of more employment as well as entrepreneurial opportunities,” said Yang Amat Berhormat Dato’ Seri DiRaja Ahmad Bashah Md Hanipah, Menteri Besar of Kedah.

The strategic agreement was signed between Yang Berbahagia Dato’ Wira Abdullah Hasnan Kamaruddin, Chairman of Cenang Resort, and Ilja Peopper, Vice President of Wanda Hotels & Resorts. The exchange of documents was witnessed by the Menteri Besar of Kedah, Yang Amat Berhormat Dato’ Seri DiRaja Ahmad Bashah Md Hanipah, Yang Teramat Mulia Dato Tunku Shazuddin bin Dato Seri DiRaja Tan Sri Tunku Sallehuddin, and Yang Berhormat Dato’ Paduka Haji Bakar bin Din, Kedah State Secretary.

Cenang Resort also announced a separate strategic partnership with Sino Great Wall Co Ltd who will act as contractor of the seafront mixed development.

Meanwhile, the new 7,531 square feet Property Gallery will showcase the various components of the development as well as serve as a one-stop centre for customer queries. Located on the development site, it will also house a lifestyle cafe, open to the public and interested customers visiting future show units.

“We believe that this development meets the needs for high-end, seafront resort-living lifestyle, one that is tailored to further boost the tourism and services industry here. We are proud to collaborate with Wanda Hotels & Resorts, a company with a strong history of managing world-class hotels and resorts. Together, we hope that this project will not only meet the demands and requirements of luxury tourism on the island but also raise the standards of the facilities and services offered,” said Yang Berbahagia Dato’ Wira Abdullah Hasnan Kamaruddin, Chairman of Cenang Resort.

The jewel of this development is Wanda Realm Resort Langkawi which is also the first Wanda Realm brand oversea. As a fast-growing premium hotel brand, Wanda Realm aims to provide quality service with the highest international standards for savvy business travellers and vacationers. Wanda Realm Resort Langkawi offers luxurious seafront resort experience with 350 hotel rooms, restaurants, conference, entertainment as well as fitness facilities. In fact, the management of the hotel will be done according to the guidelines stated in the Langkawi Local Planning Blueprint 2020, which focuses on delivering spacious rooms, quality infrastructure and enhancements.

Commenting on the development of the hotel, Wanda Hotels & Resorts’ Vice President, Ilja Peoppersaid, “Malaysia has developed a reputation for its excellent standard of hospitality and customer service. Wanda Hotels & Resorts is proud to contribute towards the continued growth of Langkawi as a key leisure destination. We seek to redefine the meaning of hospitality in Langkawi, introducing new standards of services that will enhance Langkawi’s allure and potential as a global tourist destination in the long-term.”

On the matter of the two residential towers, Tower A is expected to be completed by the end of 2021 while Tower B at the end of 2022. With a GDV of RM1.2 billion, the 1,102 fully furnished units of serviced residences offer three design options with scenic views — two, three and four — bedroom units with built-up areas ranging from 771 to 1,294 square feet. This upscale development will meet the needs of different market segments with the two-bedroom units ideal for young couples or small families and three and four-bedroom units for larger families.

Meanwhile, its commercial component with a GDV of RM49 million offers a total of 16 units with built-up areas ranging from 479 to 1,453 square feet. The retail units are expected to be completed by the end of 2022.

The property gallery will be open to the public starting on 9 August 2017, from Monday to Sunday at 9.30 am to 6.30 pm. For more information about Tropicana Cenang, Langkawi, please visit www.tropicanacenang.com.my.

About Cenang Resort Sdn Bhd (1012934-P)

Cenang Resort is a property investment and developer established in 2012.

About Wanda Hotels & Resorts

Founded in 2012, Wanda Hotels & Resorts endeavours to become a respected international luxury hotel company from China. This vision has been achieved through three business models of hotel owner, owner and operator, and management contracts based on its core values of “People are our business. We hold the highest conduct. We seek mutual growth and success.” and corporate belief of “A greater goodness in life is achieved by treating each other with great respect and sincerity”. Wanda Hotels & Resorts manages four brands under its portfolio: the ultra-luxury brand Wanda Reign, luxury brand Wanda Vista, premium brand Wanda Realm, and select-service hotel brand Wanda Jin, all of which are dedicated to providing profound Chinese-inspired experiences and attentive services to travellers worldwide. By the end of 2020, Wanda Hotels & Resorts will own and manage over 100 hotels around the world, including Wanda Vista Hotels in IstanbulLondonLos AngelesChicagoSydney and the Gold Coast. For more information or bookings, please visit http://www.wandahotels.com.

SOURCE Wanda Hotels & Resorts

CONTACT: Wanda Hotels & Resorts Ricci Ma, Director of Brand Communications, Brand Management Department, Tel: +86-010-8558-8646, E-mail: ricci.ma@wandahotels.com

RELATED LINKS
http://www.wandahotels.com