KUALA LUMPUR, Aug 25 -- Stellar Cyber’s platform has been selected by Singapore-based technology company, REVEZ Corporation Ltd, to provide comprehensive cybersecurity for its customers to increase productivity while enabling lower traditional operational costs.
The only cohesive security operations platform, Stellar Cyber makes the world’s first and only Open eXtended Detection and Response (XDR) platform, a new Security Operations Center (SOC) concept that ensures security throughout the kill chain. It also accepts inputs from other existing cybersecurity solutions, and slashes operations costs by the adoption of artificial intelligence and machine learning engines and boosting analyst performance with an easy-to-use security dashboard. “Our strategic partnership with REVEZ opens up a host of new opportunities. We look forward to close cooperation as REVEZ brings the advantages of Open XDR to organisations throughout the Asia-Pacific region,” said Stellar Cyber's Chief Executive Officer (CEO), Changming Liu. According to a statement, REVEZ operates REVEZ Hub, which provides a one-stop source of business services involving all aspects of information technology with proven track records across the Asia-Pacific region. “Stellar Cyber’s Open XDR approach allows us to complement customers’ existing security solutions and improve their performance by correlating all data in one data lake and analysing threats throughout the cyber kill chain,” said REVEZ Corporation Ltd's Group CEO, Victor Neo. More details at https://stellarcyber.ai. -- BERNAMA
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KUALA LUMPUR, Aug 24 -- Bona, products supplier for installing, renovating, maintaining and restoring premium floors, has appointed Pontus Cornelius as president and chief executive officer (CEO), effective Jan 11, 2021.
Kerstin Lindell, the current president and CEO, will shift her role to Chairman of the Board at Bona. “Pontus is an exceptionally talented leader and will bring strong strategic insight to the company. The board and I welcome him to the team,” said Lindell. “It has been an honour to serve as president and CEO at Bona for the past 14 years. I look forward to staying connected in my future role as Chairman of the Board.” Meanwhile, Cornelius commented: “I look forward to working closely with the talented team at Bona and continuing the positive momentum of leading and innovating in the industry for a sustainable future.” Cornelius will work closely with Lindell to ensure a smooth transition, according to a statement. Most recently, Cornelius served as president and CEO of Ernströmgruppen AB, a Swedish, privately-owned industrial conglomerate focusing on developing B2B companies in various niche industries. Prior to his tenure with Ernströmgruppen, Cornelius worked in leading positions with small and large companies, affording him a broad understanding of best practices for business growth. More details at www.bona.com. -- BERNAMA KUALA LUMPUR, Aug 24 -- A new Manulife Asia Care survey found COVID-19 concerns have prompted many life insurance policyholders in Malaysia to adopt new habits around a healthier lifestyle and rely increasingly on e-commerce, online and digital technology.
The survey involving 300 insurance customers found that 41 per cent or less than half of the respondents perceived the pandemic to be getting more serious in the next six months. In a statement, Manulife said greater use of technology during the pandemic was evident and more pronounced among the Malaysian respondents compared with those surveyed across the region. “Forty-nine per cent of the respondents found ways to be more physically healthy than before COVID-19 and 32 per cent started tracking their mental health. In the next 18 months, 37 per cent will continue to find ways to maintain their physical health and 21 per cent will track their mental health status.” According to Manulife, 52 per cent of the respondents said the pandemic had caused them to review and manage personal finance more often than pre COVID-19; there was also a growing appetite among them for insurance. Manulife Insurance Berhad chief executive officer, Lee Sang Hui said the importance of being financially protected heightens among the people during times of crises such as the COVID-19 pandemic. "During such uncertainties, insurance coverage is an important financial product to have, thus the life insurance sector is expected to remain resilient in such challenging environment,” he said. He said life insurance penetration rate in Malaysia was less than five per cent, far below the rates in markets such as Hong Kong and Singapore, making Malaysia among the region’s under-insured markets. Thus, Lee said it was interesting that in Malaysia, 63 per cent of the insurance customers surveyed said they planned to buy new additional insurance in the next 18 months, with Hospitalisation (26 per cent), accident (24 per cent), life (23 per cent), health (21 per cent) and critical illness (21 per cent) being the main new products considered. Manulife opined COVID-19 has accelerated trends already in place, notably digitisation in lifestyle whereby the acceptance and adoption of such trends provide another reason to believe that the changing habits would, in part at least, be permanent. “In Malaysia, digitalisation and use of smartphones was already enabling greater numbers of Malaysians to get access to financial services and other online tools. COVID-19 has helped to reinforce the value of digital tools and services,” it said. The survey showed greater willingness to switch from offline to shopping online (65 per cent), use online services such as for payment, shopping and food delivery (76 per cent) and, in particular, use online tools for news and socialising (66 per cent and 58 per cent respectively). -- BERNAMA KUALA LUMPUR, Aug 21 -- Conagen, a rapidly-growing Boston-based biotechnology firm, has established a novel and proprietary process to produce non-GMO human milk oligosaccharide (HMO), an important nutritional compound only found in human milk.
This micronutrition breakthrough will enable the creation of high-quality and cost-effective next generation infant formula products that most closely resemble human breast milk. HMO - complex sugars naturally found in human milk - are the third largest solid component in human milk after fat and lactose, conveying a variety of benefits, according to a statement. HMOs are responsible for directly stimulating the immune system by promoting good gut bacteria, strengthening the gut barrier function and blocking pathogens. “We leveraged our industry-leading technology for production of non-GMO certified natural sweeteners to instead, make HMOs with simple enzymes rather than recombinant organisms. In this regard, our process resembles the way cheese is made,” said Vice-President of Innovation, Dr Casey Lippmeier. Beyond the use in infant formula, HMOs have potential in the dietary supplement market for immune boosting and sports performance for adults. For details, visit www.conagen.com. -- BERNAMA KUALA LUMPUR, Aug 18 (Bernama) -- Two of AmInvest’s unit trust funds have been picked again in this year’s FSMOne Recommended Unit Trusts Awards 2020/21 (“Recommended Unit Trusts Awards”)1 for their consistent performance among peers within their respective categories. AmIncome Plus was listed as the recommended unit trust fund under the Fixed Income-Malaysia (Short Duration) category for the seventh consecutive year, whereas AmDynamic# Bond topped the Fixed Income-Malaysia with Foreign Exposure category for the fifth year running.2
The Recommended Unit Trusts Awards by FSMOne Malaysia assist investors to shortlist consistently performing unit trust funds amongst their peers. FSMOne Malaysia is the online distribution arm of iFAST Capital Sdn Bhd for unit trusts, insurance, bonds and managed portfolios. For the Recommended Unit Trusts Awards, unit trust funds with a track record of at least three years (as at end March 2020) were considered and the returns of these funds were then compared against benchmarks and peers within similar sectors and regions. The methodology for fund assessment was based on a combination of quantitative and qualitative factors. The quantitative factors considered were historical performances, expense ratio and risk. Meanwhile, qualitative factors that were used as barometers to determine the winners in each category included the fund house’s investment philosophy and consistency in their investment approach. mrem.bernama.com/viewsm.php?idm=37941 KUALA LUMPUR, Aug 21 -- Preqin, the alternative assets industry’s foremost provider of data, tools, and analytics, has announced the appointment of Christoph Knaack as Chief Strategy Officer.
As the organisation’s first to fulfil this role, Knaack will oversee Preqin’s corporate strategy and business development, as well as sit on its Executive Committee. Before joining Preqin, he held several investment roles, most recently as a hedge fund investor at Davidson Kempner in London. According to a statement, prior to moving to hedge funds, Knaack worked in the private equity team at Kohlberg Kravis Roberts, beginning his career in investment banking at Morgan Stanley. Preqin’s newly-minted Chief Strategy Officer holds an MSc in Finance from HEC Paris, and a BSc in International Business Administration from the Rotterdam School of Management. “We are thrilled to have Christoph join the team. As we look to develop our products and services in the coming years, his analytical mindset and industry experience will be invaluable,” said Preqin Chief Executive Officer, Mark O’Hare. Knaack joined Preqin’s London office in late July, managing a global team of analysts and strategists. -- BERNAMA KUALA LUMPUR, Aug 21 -- ADM has announced that its wholly-owned subsidiaries ADM Ag Holding Limited (ADM Ag) and Archer Daniels Midland Asia-Pacific Limited propose to sell ordinary shares of Wilmar (the Shares) for an aggregate purchase price of approximately US$500 million. (US$1 = RM4.175)
According to a statement, this is pursuant to a secondary block trade agreement with a syndicate of managers (the Block Trade Agreement, and such sale, the Block Trade). The Shares to be sold pursuant to the Block Trade Agreement are being offered and sold in offshore transactions, in reliance on Regulation S (Regulation S) under the Securities Act of 1933. ADM expects to use the net proceeds from the Block Trade for general corporate purposes, which may include, without limitation, meeting working capital requirements, funding capital expenditures and possible acquisitions of, or investments in, businesses and assets, and acquiring outstanding shares of ADM common stock. In the same statement, ADM also announced that ADM Ag proposes to conduct an offering (the Offering) of about US$300 million aggregate principal amount of Zero Coupon Exchangeable Bonds (the Bonds) outside of the United States to non-US persons, in reliance on Regulation S. The net proceeds from the Offering will be used for general corporate purposes - same as the Block Trade net proceeds - as well as repaying indebtedness originally incurred for the general corporate purposes. ADM expects that it will retain at least 20 per cent of the equity interest in Wilmar after giving effect to the Offering, including any subsequent exchange of Bonds and the Block Trade. ADM can offer no assurance that the Offering or the Block Trade will be consummated. The completion of the Block Trade is not conditioned upon the closing of the Offering. -- BERNAMA SaaS Professional Services Veteran to Spearhead Seamless Onboarding and Create Customer Delight
MOUNTAIN VIEW, Calif., Aug 21 (Bernama-BUSINESS WIRE) -- CleverTap, the leading AI-powered customer lifecycle and user retention platform, today announced the appointment of Abhishek Gupta as Chief Customer Success Officer. Mr. Gupta brings over 18 years of SaaS and customer success experience which he will apply toward accelerating CleverTap’s momentum as a leading provider of customer engagement and retention solutions in the competitive mobile marketing technology landscape. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200820005124/en/ “As a customer-first organization, investing in growth of our customer success team is of paramount importance,” said Sunil Thomas, co-founder and CEO, CleverTap. “Abhishek has extensive experience in customer success and a proven track record of building teams and processes that allow companies to get the most value from their SaaS investment. We’re thrilled to have him at CleverTap, and I personally look forward to him adding to the success of our high-performing Customer Success team.” Mr. Gupta is a seasoned business leader and has led a number of SaaS and Internet businesses with an immense focus on customer success and thereby building high-growth businesses. Prior to CleverTap, Gupta led the customer success and professional services teams in Asia for Sprinklr, a leading Customer Experience Management company, where he enabled digital transformation across marketing, advertising, research, care, and engagement for a number of prestigious global and regional brands. As Chief Operating Officer for portfolio companies at Trilogy, Gupta led operations for a group of organic and acquired businesses in areas of application development platforms, functional process automation solutions, and productivity tools. Mr. Gupta holds an MBA from IIM Bangalore and a degree in B.Tech in Computer Sc and Engg from IIT (BHU). Gupta’s appointment is part of CleverTap’s continued growth strategy capitalizing on the completion of a $35M Series C funding round led by Tiger Global Management and Sequoia. “As businesses continue to evolve in their adjustment to the global situation, it’s more important than ever to provide a human touch to technology,” said Abhishek Gupta, Chief Customer Officer at CleverTap. “We as a company are obsessed about creating strategic business value for CleverTap customers and enabling them to succeed in a rapidly changing digital landscape. I'm thrilled and privileged to join the CleverTap team to further strengthen and accelerate how global brands engage and retain their users.” http://mrem.bernama.com/viewsm.php?idm=37972 KUALA LUMPUR, Aug 19 -- Galvanize, the global leader in SaaS governance, risk, and compliance (GRC) software, has been positioned by Gartner as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management.
“Galvanize is proud to be recognised by Gartner as a Leader in IT Risk Management for the second year running, which we believe validates the value we continue to deliver for customers,” said Dan Zitting, chief product and strategy officer, Galvanize. “Our HighBond platform is flexible and nimble enough to anticipate risk and respond in real time, while comprehensive enough to serve both growing organisations and larger enterprises.” Galvanize’s HighBond platform offers end-to-end GRC solutions across IT security, risk management, compliance, and assurance. It streamlines collaboration across organisations, automates repetitive tasks and delivers best practices. It provides leadership with visibility into the organisation’s risk posture while reducing the cost and effort required to demonstrate compliance. HighBond combines easy deployment, fast adoption, unique robotic process automation and advanced data analytics capabilities for a scalable baseline solution, according to a statement. The Gartner Magic Quadrant for IT Risk Management is an annual evaluation of the competitive landscape for the IT risk management technology market. -- BERNAMA KUALA LUMPUR, Aug 19 -- The ‘Brightcove Q2 2020 Global Video Index Entertainment and Media Edition’ has found that OTT streaming of entertainment content continued to dominate, even as governments began loosening stay-at-home restrictions.
Published by the world’s leading video technology platform, Brightcove Inc, the data suggests that consumers’ media consumption habits may be permanently shifting away from linear TV, cementing streaming as the go-to choice for entertainment viewing. Brightcove’s Q2 2020 Global Video Index analyses hundreds of billions of recent data points from Brightcove’s customers globally to provide insights into how viewers are watching video content. The Q2 data shows that consumption of news and entertainment content nearly doubled (40 per cent) from Q1 (23 per cent) – a significant finding, considering Q2 typically sees slower growth in video viewing compared to Q1. Looking at the first half of 2020 compared to 2019, the number of views overall is up more than 30 per cent, according to a statement. In addition, where consumers choose to view their content is also shifting. Connected TVs saw the most growth in Q2 (160 per cent year-over-year), indicating a resurgence in larger screens as the viewing medium of choice for entertainment. Other notable findings that are specific to the Asia-Pacific region include: smartphones are the primary screen for video; Android-based smartphones continue to dominate the market; and consumers increasingly watch ultra-long-form content on mobile devices. The Brightcove Q2 2020 Global Video Index Entertainment and Media Edition is available at https://www.brightcove.com/en/video-index. -- BERNAMA |
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