mindzie Unveils AI Process Intelligence Copilot: Revolutionizing Business Process Improvement

DALLAS, TX, Mar 12, 2024 – (ACN Newswire) – mindzie, inc. (“mindzie“), mindzie, a leading provider of Generative AI-Driven process mining and business process optimization software, is thrilled to announce the launch of its next generation of Generative AI, the mindzie AI Process Intelligence Copilot.

Process Intelligence AI CopilotProcess Intelligence AI Copilot

The mindzie AI Process Intelligence Copilot stands at the forefront of technological innovation, integrating state-of-the-art Generative AI to redefine the way businesses approach process mining and intelligence. With its advanced capabilities, users can effortlessly inquire about their business processes in natural language, receiving in-depth insights and actionable recommendations in near real-time. This marks a pivotal advancement in making complex data analytics accessible and actionable for decision-makers across various industries.

“At mindzie, we are committed to enabling businesses and users of all levels with data-driven operational intelligence. The launch of our AI Process Intelligence Copilot is a testament to this vision,” said James Henderson, mindzie’s Chief Executive Officer. “We believe that the future of business operations lies in harnessing the power of Generative AI to make complex data analytics both accessible and actionable for businesses. Our latest innovation is designed to empower organizations to not just understand their processes better, but to drive meaningful change that enhances operational efficiency and business outcomes.”

mindzie’s latest offering is designed to cater to the evolving needs of businesses striving for efficiency and excellence in their operations. The AI Process Intelligence Copilot goes beyond mere data analysis. It can explain complex processes, pinpoint the top-priority improvements, and provide recommendations on how to initiate these improvements. This added functionality ensures that not only are insights provided, but a roadmap for action is also delivered, facilitating practical steps towards operational enhancement.

With multi-language support, this feature democratizes the power of advanced process mining, ensuring that organizations worldwide, regardless of their primary language, can leverage the full potential of Generative AI-driven insights.

Learn more at https://mindzie.com/ai-process-intelligence-copilot/.

About mindzie Studio

The mindzie studio is available in Cloud HostedEnterprise On-PremiseDesktop Professional Edition, and Free Desktop Edition, allowing companies to select the architecture that best fits their unique requirements.

Contact Information
mindzie media
Media Relations
info@mindzie.com
866-646-3943

SOURCE: mindzie, inc.

.

View the original press release on newswire.com.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

UAE’s Swan Achieved 40% Boost In Email Campaign View Rates With CleverTap

Mountain View, Calif, Mumbai, India, & UAE, Mar 12, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform today announced that Swan, one of UAE’s most trusted groceries and home services app, achieved a 40% boost in view rates of email campaigns after leveraging CleverTap’s tools.

Swan is an app-based e-commerce platform that strives to create a personalized shopping experience for each customer. Established in 2019 in the UAE, Swan has grown from a small e-commerce app to one of the biggest and most trusted e-commerce applications for groceries and home services in the UAE. 

Recognizing the value in users who already have the app installed, Swan sought to ensure they keep returning to make transactions. To achieve successful engagement with this base, the key focus areas were: building precise target segments, crafting effective incentives and messages, and pinpointing the optimal timing and channels to maximize engagement. Robust measurement at each stage was critical to determine the effectiveness of messages, channels, and timing, individually. 

Swan found the ideal solution for enhancing customer engagement through CleverTap’s comprehensive and integrated approach. Leveraging CleverTap’s smart segmentation capability, Swan organized users into groups based on their transaction activity. They conducted extensive A/B testing for creatives and content that were regularly used as part of their messaging strategy. By employing multiple channels based on specific contexts, they found that emails and push notifications were most effective in reactivating dormant users. Personalized experiences were crafted for each user through message customization. Swan relied extensively on the Analytics feature to assess the impact of their campaigns. 

Deploying CleverTap helped Swan achieve the following:

  • 40% boost in view rates of email campaigns thanks to systematic experimentation on content and creative
  • Swan saw a 3% activation rate of targeted dormant users
  • Reactivation campaigns drove a 15% share of incremental orders

Solomon George, Managing Director, Swan, said, “CleverTap’s combination of analytics and orchestration has been integral to Swan’s growth and customer engagement journey. With CleverTap’s user-personalization prowess, we were able to drive 15% of incremental orders from reactivation campaigns alone. This level of growth across multiple cohorts and periods solidifies Swan as a reliable and trusted shopping companion.”

Sidharth Pisharoti, Chief Revenue Officer, CleverTap, said, “Reactivating dormant users is essential for modern businesses, especially with the exorbitant customer acquisition costs of today. It opens up a new realm of untapped potential for any app-first business. Partnering with an industry frontrunner like Swan, we witnessed this notion play out in full swing. Swan saw a 40% boost in view rates of email campaigns after deploying our all-in-one platform. It’s a testament to our platform’s prowess in driving unmatched customer engagement. We’re excited to bring more such significant wins for Swan in the future.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/ 
X: https://twitter.com/CleverTap 
https://clevertap.com/live-product-demo/ 

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com  

IPSHITA BALU
Consultant
Archetype
+91 9590111798
ipshita.balu@archetype.co  



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AI and Big Data Expo North America announces leading Speaker Lineup

SANTA CLARA, CA, Mar 7, 2024 – (ACN Newswire) – The AI and Big Expo North America, the leading event for Enterprise AI, Machine Learning, Security, Ethical AI, Deep Learning, Data Ecosystems, and NLP, has announced a fresh cohort of distinguished speakers for its upcoming conference at the Santa Clara Convention Center on June 5-6, 2024.

Some of the top industry speakers set to take the stage are:
– Sam Hamilton – Head of Data & AI – Visa
– Dr Astha Purohit – Director – Product (Tech) Ops – Walmart
– Noorddin Taj – Head of Architecture and Design of Intelligent Operations – BP
– Temi Odesanya – Director – AI Governance Automation – Thomson Reuters
– Katie Sanders – Assistant Vice President – Tech – Union Pacific Railroad
– Prasanth Nandanuru – SVP – Wells Fargo
– Rodney Brooks – Professor Emeritus – MIT

These esteemed speakers bring a wealth of knowledge and expertise to an already impressive lineup, promising attendees a truly enlightening experience.

In addition to the speakers, the AI and Big Data Expo North America will feature a series of presentations covering a diverse range of topics in AI and Big Data exploring the latest innovations, implementations and strategies across a range of industries. Attendees can expect to gain valuable insights and practical strategies from presentations such as:

  • How Gen AI Positively Augments Workforce Capabilities
  • Trends in Computer Vision: Applications, Datasets, and Models
  • Getting to Production-Ready: Challenges and Best Practices for Deploying AI
  • Ensuring Your AI is Responsible and Ethical
  • Mitigating Bias and Promoting Fairness in AI Systems
  • Security Challenges in the Era of Gen AI and Data Science
  • AI for Good: Social Impact and Ethics
  • Selling Data Democratization to Executives
  • Spreading Data Insights across the Business
  • Barriers to Overcome: People, Processes, and Technology
  • Optimizing the Customer Experience with AI
  • Using AI to Drive Growth in a Regulated Industry
  • Building an MLOps Foundation for AI at Scale

The Expo offers a platform for exploration and discovery, showcasing how cutting-edge technologies are reshaping a myriad of industries, including manufacturing, transport, supply chain, government, legal sectors, financial services, energy, utilities, insurance, healthcare, retail, and more. Attendees will have the chance to witness firsthand the transformative power of AI and Big Data across various sectors, gaining insights that are crucial for staying ahead in today’s rapidly evolving technological landscape.Anticipating a turnout of over 7000 attendees and featuring 200 speakers across various tracks, AI and Big Data Expo North America offers a unique opportunity for CTO’s, CDO’s, CIO’s , Heads of IOT, AI /ML, IT Directors and tech enthusiasts to stay abreast of the latest trends and innovations in AI, Big Data and related technologies.Organized by TechEx Events, the conference will also feature six co-located events, including the IoT Tech Expo, Intelligent Automation Conference, Cyber Security & Cloud Congress, Digital Transformation Week, and Edge Computing Expo, ensuring a comprehensive exploration of the technological landscape.

Attendees can choose from various ticket options, providing access to engaging sessions, the bustling expo floor, premium tracks featuring industry leaders, a VIP networking party, and a sophisticated networking app facilitating connections ahead of the event.

Secure your ticket with a 25% discount on tickets, available until March 31st, 2024. Save up to $300 on your ticket and be part of the conversation shaping the future of AI and Big Data technologies.For more information and to secure your place at AI and Big Data Expo North America, please visit https://www.ai-expo.net/northamerica/.

About AI and Big Data Expo North America

The AI and Big Data Expo North America is a leading event in the AI and Big Data landscape, serving as a nexus for professionals, industry experts, and enthusiasts to explore and navigate the ever-evolving technological frontier. Through its focus on education, networking, and collaboration, the Expo continues to be a beacon for those eager to stay at the forefront of technological innovation.

AI and Big Data Expo North America is a part of TechEx. For more information regarding TechEx please see online, https://techexevent.com/



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Spacely AI Raises Pre-Seed Funding From SCB 10X and Launches Spatial Design APIs

BANGKOK, Mar 7, 2024 – (ACN Newswire) – Spacely AI, a comprehensive interior architecture design platform powered by Generative AI, is excited to close a pre-seed investment from SCB 10X. The funding will fuel Spacely AI’s mission to empower everyone with the opportunity to design their own success and position Spacely AI as the go-to platform in spatial design.

Spacely AI x SCB 10X Pre Seed InvestmentSpacely AI x SCB 10X Pre Seed Investment
Spacely AI Pre Seed Investment from SCB 10X

“SCB 10X is proud to back Spacely AI and their mission to unlock productivity and creativity for designers. Given the powerful breakthroughs in visual-based generative AI, spatial design is an application that will continue to benefit with the rapid advancements of this technology. We will continue to support Spacely AI in identifying the strategic and product priorities for the platform, enriching Spacely AI’s proposition from Thailand to the global design community,” shared Mukaya (Tai) Panich, Chief Executive Officer and Chief Venture and Investment Officer of SCB 10X.

“The backing from SCB 10X is a partnership that aligns with our vision to transform the spatial design landscape. This underscores our mutual belief in the potential of Generative AI to redefine global design standards,” says Paruey Anadirekkul, Chief Executive Officer of Spacely AI.

Spacely AI is expanding their global footprint, serving users from Thailand, United States, Portugal, and several other countries worldwide. They have achieved recognition from the global startup community, winning the second runner-up in the “Tech in Asia 2023 Regional Startup Competition” and emerging as the first runner-up in the “LabLab Stable Diffusion Hackathon 2023”.

Forming strategic partnerships with Index Living Mall and Proud Real Estate, Spacely AI’s has designed over 1,000,000+ spaces for 120,000+ users worldwide. The platform offers 12+ innovative features, 100+ interior curated premium styles, and supports more than 100+ space types, from interiors to exteriors, providing a comprehensive solution for all spatial design needs.

“In choosing Spacely AI’s technology, Index Living Mall aims to precisely capture customer requirements, boost designer productivity, and enhance the customer experience. This platform streamlines our design process, reducing the need for revisions and improving efficiency. It represents a significant step forward in our commitment to service excellence and business growth,” said Ekalak Patamasatayasonthi, Senior Vice President Business Development at YOUNIQUE & The Walk Line.

“Our partnership with Spacely AI has enhanced the customer journey, creating unparalleled experiences that truly reflect our brand and our real estate offerings. Their AI-driven designs have created our spaces into interactive canvases, serving as the touchpoints for engagement throughout the customer journey. This enables customers to seamlessly bring their design ideas to reality,” stated Pasu Liptapanlop, Director, Proud Real Estate.

Today Spacely AI unveils its new API products made available for enterprises:

  • Instant Rendering API: Allows for quick visualization of design concepts, effortlessly bringing ideas to life.
  • Smart Recommendation API: Matches your products with customer’s designed space based on their preferences, budget, and space.
  • Product Visualization API: Provides a visual representation of your products within customer’s spaces.
  • Precision Space Planning API: Offers detailed space measurement guidance for optimal fit and sizing.

The enterprise’s API solutions offer product visualization that enhances both sales and customer experiences.

“The launch of our Enterprise API is a significant leap forward as we set our sights on expanding towards the full spectrum of spatial design, pushing the boundaries of creativity and functionality,” adds Paruey Anadirekkul, CEO of Spacely AI.

Join Spacely AI in this exciting journey to redefine spatial design with Generative AI.

Contact Information
Paruey Anadirekkul
CEO
paruey@spacely.ai

Thanatcha Pojthaveekiat
Head of Commercial
thanatcha@spacely.ai

Nawinda Hanrattana
Marketing
nawinda@spacely.ai

Napatsapa Vajarodaya
COO
napatsapa@spacely.ai

SOURCE: Spacely AI

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View the original press release on newswire.com.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Lucas GC Limited (NASDAQ: LGCL) Harnesses AI and GPT Technologies to Drive Human Resources Services and ESG Compliance

NEW YORK, Mar 7, 2024 – (ACN Newswire) – Human resources service markets have rebounded significantly worldwide since the recovery of post-COVID era. In China alone, with more than 63,000 human resources service agencies generating a total operating revenue of RMB2.5 trillion and the markets are still growing at rates in high-teens, these present immense market opportunities for technology-driven human capital management service companies like Lucas GC Limited (the “Company” or “Lucas”) (NASDAQ: LGCL).

According to market research firm Frost and Sullivan, Lucas is the largest technology-driven online agency-centric human resources management service provider in China based on PaaS. It was listed at USD 4.00 per share. The Company has achieved significant growth in revenue and net profit by effectively combining AI technology with traditional industries. The investment highlights of this Company are seldom observed in recent IPO stocks on NASDAQ: Its revenue has surpassed $200 million, with an annual growth rate exceeding 100%. Moreover, it has achieved four consecutive profitable years in the red-hot AI sector where most companies are struggle to make a profit.

Lucas Builds Competitive Advantages

Driven by Technology in an Evolving Landscape

Powered by 16 U.S. and China granted patents in core Artificial Intelligence, Data Analytics and Blockchain technologies, and 70 registered software copyrights, with 6 GPT-related patents granted and another 10 patents pending, Lucas is considered the technological leader in the industry and was awarded “Technologically Advanced Small and Medium-sized Enterprises” by the Ministry of Industry and Information Technology of China in 2022.

Lucas has successfully incorporated its core technologies, particularly in AIGC and GPT, into operations resulting in achieving double revenue growth in 2023. By integrating AIGC and GPT technologies into the PaaS platform, Lucas seamlessly combines scenarios such as resume screening, job matching, video interviews, and candidate consultations with AI, thereby enabling more efficient data processing and candidate matching, reducing operating costs, improving efficiency, and ultimately increasing user stickiness and satisfaction.

In order to sustain its technological leadership, particularly in AIGC and GPT areas, Lucas plans to establish an R&D center in the U.S., which should further solidify Lucas’ leadership in AI technology for improvements on the efficiency of operations leading to continuing achieving revenue and profit growths above the industry averages.

Using Technology to Embrace ESG and Build Brand Awareness

One of Lucas’ corporate missions is to help women, particularly those from a disadvantaged background, obtain an equal level playing field in their careers. By utilizing patents in Artificial Intelligence, Data Analytics and Blockchain technologies, Lucas is actively addressing the gender pay gap in STEM (Science, Technology, Engineering, and Mathematics) -related industries, where the pay gap between male and female employees in similar positions may exceed 10%. Employing a four-pronged approach, including AI-based Personalized Job Push to Female Members, Neutralized Gender-related Content, Online Test, and Chatbot Voice Interview, Lucas strives to offer a level playing field for female candidates via innovative technologies while reducing discrimination and gender bias in hiring and organizational processes.

Environmental, social, and corporate governance (ESG) always plays an imperative role in Lucas’ corporate culture. Not only does Lucas incorporate ESG principles into business operations and innovations but they’re also guiding principles for Lucas’ corporate values. Lucas’ ESG initiatives include the Certified Career Resources Planner (CCRP) certification program which aims to provide users with training on human resources-related skills, labor law and financial knowledge so that the users, particular women, can make a decent earning at a level playing field with all other users. This has boosted Lucas’ brand awareness on the market and enhanced stickiness among users.

To further enhance its initiatives in ESG, Lucas has recently formed a partnership with Jilin University, one of the most prestigious universities in China, to continue to develop comprehensive solutions to tackle inequality and facilitate career developments of women in the technology, media, and telecom industry.

ESG has gained significant prominence in the field of corporate sustainability in recent years. A robust ESG development strategy is essential for organizations to effectively realize their social value. As a leading AI-driven PaaS provider with ESG in its corporate DNA, Lucas places particular emphasis on supporting women’s career development on the job market with its cutting-edge technologies. By utilizing its extensive expertise and technological capabilities, Lucas strives to achieve sustainable growth with ESG compliance.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

eCommerce marketers use only 20% of the best performing emojis: CleverTap’s Art of Emoji Report

Mountain View, Calif, & Mumbai, India, Mar 6, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform, today launched the eCommerce edition of its Art of Emoji Report, with a view to demonstrate which emojis are the most common, which ones work best, and which to avoid. Since inception in 1998, emojis have been a very effective medium of communicating tone, subtext, irony, among other things plain text cannot. According to the Emojipedia Annual Report 2023, there was a remarkable 77% YoY surge in emoji usage. 

Today, brands have discovered the immense value in emojis, with 60% of global push notifications containing them. The CleverTap Art of Emoji report found that notifications containing emojis drive a staggering 12% higher click-through rate compared to those without. Therefore, brands see them as a persuasive and accessible tool to build more meaningful connections with their customers. 

CleverTap analyzed 10 billion data points across 40 million push notifications sent by eCommerce platforms globally, to understand customer preferences, the impact of emojis, and how marketers are using them. It found that regardless of region, eCommerce brands incorporate only 20% of the best-performing emojis in their messages; while in some regions, up to 30% of the most used emojis are underperformers. 

To help marketers better engage customers via emojis, the report breaks down the performance of various emojis by region—outlining the most commonly used ones, the best-performing ones, and the ones to avoid. Below are a few examples from within the report:

From a quirky novelty to a mainstay on any device, emojis have come such a long way. They have ingrained themselves into the fabric of modern communication and helped us convey so much more than if we were only limited to text. 

“Emojis are a potent tool at the disposal of any marketer that, when used well, can instantly make a message feel alive. But, just like personal communications, using it anywhere and everywhere would disorient the recipient.” said Jacob Joseph, VP – Data Science, CleverTap. “Marketers must experiment with various emojis, see what works best for their target audience, but use it only when it’s contextually relevant. Else it may lose its potency. Remember, you want to keep things fresh, relatable and most importantly, culturally sensitive when it comes to deploying such a persuasive tool within your marketing toolbox.”

Speaking on the future of emojis in customer engagement, Jacob added, “With advancements within MarTech, brands will be able to hyper-personalize this experience by honing in on which emojis work best with individual users. Eventually, emojis will be dynamically adjustable based on the sentiment and context of the conversation, thus enhancing the emotional depth of communication. Alongside, more ubiquitous integrations of emojis with AR/VR (such as Apple Animojis) will allow customers to express themselves more vividly within immersive environments. It could redefine the way customers interact with products and services, enhancing their overall shopping experiences.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap

About CleverTap Elevate

At CleverTap, we understand that mastering the art of engaging with customers is a continuously advancing journey. That’s why we’ve created ‘Elevate’—our pioneering thought leadership program designed to inspire and guide today’s marketers through the known unknowns and into the depths of the unobvious. ‘Elevate’ is a nexus of insights, thoughts, and perspectives, bringing together in-depth research, expert points of view, and engaging content to empower brands to navigate the technological paradigm and make informed decisions about their customer engagement strategies. 

‘Elevate’ is where curiosity meets clarity, offering forward-thinking perspectives from CleverTap’s thought leaders and from across the industry, building towards meaningful customer engagement. 

Together, let’s turn insights into action, thoughts into campaigns, and perspectives into pathways to unparalleled customer experiences. 

We invite you to join us on the journey to elevate customer engagement. Stay connected with CleverTap Elevate through our blog, webinars, and social media channels for the latest insights, research, and thought leadership. Let’s unlock the power of true customer engagement, together.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com 

IPSHITA BALU
Consultant, Archetype
+91 9590111798
ipshita.balu@archetype.co 



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Lucas GC Limited (NASDAQ: LGCL) Successfully Listed on NASDAQ With Appealing Valuation of the “AI+PaaS” Theme

NEW YORK, Mar 6, 2024 – (ACN Newswire) – Lucas GC Limited (the “Company” or “Lucas”) (NASDAQ: LGCL) offered 1,500,000 ordinary shares priced at $4 per share and started trading on March 5, 2024 on the Nasdaq Capital Market under the ticker symbol “LGCL” for its initial public offering (IPO).

Investment Highlights Rarely Seen on Recent IPO Stocks on NASDAQ: 

  1. Annual Revenue near $200 million
  2. Year/year growth near 100%
  3. Four consecutive profitable years in a red-hot AI sector where most companies are unprofitable. Lucas’ achievements are rarely seen among the recently listed companies on NASDAQ.

Lucas Was Funded by Industry “Smart Money” as Well as Leading Venture Capital Firm Prior to IPO

Current Lucas’s shareholder base includes esteemed industry leaders such as 51Job,  one of the largest HR firms in China, Haier Group, the largest home appliance maker in China, BeagleData. an AI unicorn, and GSR United Capital, a leading venture capital firm.

51Job which is 30% owned by Recruit Holding of Japan, is the second largest shareholder of Lucas which demonstrates its endorsement of Lucas’ business model and roadmaps. For other strategic investors, the involvement of domestic AI unicorn BeagleData serves as a notable validation of the Company’s AI technology. Haier Group’s investment brings forth a range of enhancements to the company’s corporate governance and extends multidimensional industry resource supports to Lucas. From a financial investment perspective, funding from GSR United Capital which has stringent investment criteria demonstrates Lucas met the scrutiny of the financial return requirement of one of the leading VCs on the market.

By the end of 2022, Lucas emerged as the largest AI technology-driven online agent-centric human capital management service Platform as a Service (PaaS) provider in China, with over 430,000 active registered users, as reported by market research firm Frost and Sullivan.

Lucas is a light-asset company with core competencies in technologies and big datasets.  Lucas has over 16 U.S. and China granted patents in core artificial Intelligence (with 6 patents in the GPT-related technology), Data Analytics and Blockchain technologies, with another 10 patents pending, and over 70 registered software copyrights.  As a matter of fact, Lucas is the only AI-related company obtained registration approval for overseas listing from China Securities Regulatory Commission since the registration requirement became effective on March 31, 2023.

Lucas has consistently achieved remarkable growth for the past four years.  As of June 30, 2023, its total revenue had surged by 170.9% compared to the same period in 2022, reaching RMB820.1 million (US113.1 million).  The revenue for the first half of 2023 alone already exceeded the full-year revenue for 2022.  Moreover, the Company’s net profits for the years spanning from 2020 to 2022 stood at RMB 4.63 million, RMB 39.8 million, and RMB 44.4 million (excluding IPO-related expenses), respectively. Concurrently, there has been a steady increase in profit margin over these years with its rising from 2.0% in 2020 to 5.8% in 2022.

Three Key Growth Strategies that Will Facilitate Lucas In Sustaining Its Remarkable Operations Performance

1. Inorganic Growth Via Merger and Acquisitions Outside China

According to Lucas’ prospectus, it intends to use M&A to augment its growth, with near-term focus on the ASEAN countries such as Vietnam, Thailand, Indonesia and Malaysia where they are the fastest growth regions in the world.  In comparison to other typical Chinese companies, Lucas has a competitive advantage in ensuring successful execution of overseas mergers and acquisitions: Proven track-record by its management including the founder and CEO Mr. Howard Lee who obtained his business and financial training at Stanford and technical training at UCLA, is a Chartered Financial Analyst (CFA) holding 16 patents in the U.S. and China.  He has experience in executing over 30 M&A transactions and investments in both the U.S. and Asia with overall values exceeding $80 billion when he worked as a senior executive at such Fortune 500 companies as Alcatel, SUN Microsystems and Western Digital where he was vice president of corporate development. In addition, many of its management and board members have decades of work experience internationally.

2. Product Portfolio Expansion With Focus on Training

As outlined in its prospectus, Lucas intends to expand the product offering in training. Lucas has recruited Dr. Michael Carter, a world-renowned expert in education and training to guide its initiatives in the training business. Dr. Carter used to be advisors to Hewlett Foundation, Bill & Melinda Gates Foundation and Steve Jobs when he was head of Apple’s training division.  His academic roles include professorships at Stanford University and Dartmouth College. Dr. Carter’s wealth of experience in education and training shall well position Lucas to develop an effective training strategy.

Taking advantage of having Haier Group as a shareholder whose subsidiary COSMOPlat has one of the leading industry internet platforms on the market, Lucas may develop training products in the Industry Internet area which is one of fastest growing sectors in the U.S. and Asia.

Leveraging its leadership in AI technology foundation with an extensive database of experienced candidates and client network in the AI industry, Lucas aims to develop training products related to the red-hot artificial intelligence sector where the demand for on-the-job and practical AI training programs is high.

3. Continue to Invest Heavily in R&D, Particularly in GPT and AIGC

Lucas is considered the technological leader in the industry and was awarded “Technologically Advanced Small and Medium-sized Enterprises” by the  Ministry of Industry and Information Technology of China in 2022.

Notably, Lucas embarked on GPT technology initiatives three years ago, securing 6 invention patents related to GPT in both the U.S. and China, which have been successfully incorporated into its operations resulting in likely to double the revenue in 2023.

In order to sustain its technological leadership, particularly in GPT and AIGC areas, Lucas plans to establish an R&D center in the U.S., led by Dr. Wong, the head of AI and GPT research development. Dr. Wong has multi-decade of academic and industry experience in the field of AI. His involvement shall further solidify Lucas’ leadership in AI technology for improvements on the efficiency of operations leading to continuing achieving revenue and profit growths above the industry average.

As China’s economy is rebounding, coupled with the Lucas’ strong track record in executing successful overseas M&A, the integration of Haier Group’s resources in the industrial internet sector, the fusion of Lucas’ resources within the AI field to develop unique AI training programs, as well as further development in Lucas’ existing 6 granted patents in GPT and AIGC technology which has enjoyed an early mover advantage in the industry, Lucas stands to achieve sustained hyper-growth in both top and bottom lines for years to come.  

Valuation

With an IPO market cap at around $318 million, Lucas is significantly undervalued compared with industry peers. Kanzhun Ltd. (NASDAQ: BZ), a Chinese stock in the human resources sector, currently boasts a market capitalization nearing $6 billion, with a price-to-sales ratio (PS) of around 9x. Considering the projected revenue growth rate for the first half of 2023 and subsequent full-year results, Lucas with even higher growth rate commands a PS ratio of merely 1.5x, implying a capital gain potential at 6x. The potential capital gain is even more dramatic when compared with peers in the AI industry where the average PS ratio is 16x, making Lucas as one of the most exciting investment ideas in the AI sector.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Trustifi Launches Geofencing Capabilities in Australia

LAS VEGAS, NV, Mar 5, 2024 – (ACN Newswire) – Trustifi, the premier provider of AI- and cloud-based email cyber security solutions, announced that it is now able to “geofence” email data for its growing base of MSSP (managed security service provider) customers in Australia in accordance with nationwide compliance needs. This makes Trustifi’s unique next-generation cybersecurity solutions more effective for a greater addressable market of businesses and MSSP partners in Australia, opening new opportunities for solution providers in this market to enhance their cybersecurity offerings. Trustifi has been serving managed service providers (MSPs) in Australia and New Zealand since 2022 and is steadily building a partner community in this high-potential marketplace. The ability to geofence data in this country comes due to Trustifi’s new relationship with a powerful AWS data storage center in that country.

The Office of the Australian Information Commissioner (OAIC) oversees issues relative to data privacy in Australia. One of its core functions is to help safeguard records pertaining to individuals, and provide guidance on the collection, storage, and transmission of that data. The Australia Privacy Act is applicable to all private healthcare providers throughout Australia, including practitioners and private hospitals. Due to these statutes, MSSPs are recommended to maintain confidential personal data on servers that are local to that country, especially in sensitive industries such as healthcare, financial services, and legal. This procedure is known as geofencing, or the establishment of a virtual boundary that limits the geographical transmission of data to a designated region-in this case the nation of that data’s origin. Trustifi now offers geofencing in a range of countries, including the US, Canada, Ireland, Germany, Singapore, Brazil, and Australia.

Trustifi MSSP partners who work with global end-customers can easily add Australian geofencing capabilities to their client’s security plans with one click via a newly implemented software setting. The company added this feature to better serve its expanding Australian customer base, and due to the strong general growth of the security market in this country, resulting in notable opportunities for MSPs.

“Compliance is a crucial element of any security program, and personal data is subject to a roster of complex regulations and recommendations across the globe, including in Australia,” said Trustifi CEO and Co-founder Rom Hendler. “Trustifi continues to expand its global footprint, offering easy-to-implement compliance capabilities for our customers in a variety of countries. The Australian market is rife with opportunities for managed service providers, especially in complicated verticals such as healthcare and financial services, where sensitive patient and client data is subject to additional compliance needs. We’re proud to be able to offer new, more stringent geofencing capabilities to our customers who work in global markets, better securing their patients’ data while opening new potential sales avenues across the Australian business community.”

Trustifi offers a comprehensive suite of email cybersecurity solutions that leverage advanced AI-driven tools to accomplish what many traditional, gateway-based solutions can’t. They combat sophisticated image- and text-based, AI-generated attacks. This includes techniques like the resurgence of the “@” bypass strategy, where hackers surreptitiously insert “@” signs into URL names to disguise the phrasing of malicious links, which many security solutions can’t interpret. These disguised URLs pass through security filters without being flagged. Trustifi’s proof-of-concept scans have indicated an uptick of this method in recent months (after the “@” scam had seemingly receded for several years).

According to Trustifi’s data, the use of infected QR codes has also sharply increased, since hackers have realized that most security solutions treat QR codes as harmless images. Trustifi’s AI-driven tools and metrics are designed to root-out such tactics. This is opposed to traditional solutions that rely too heavily on age-old methods like the blacklisting of known nefarious IP addresses.

“Trustifi has been a committed technology partner for our business, providing superior security for our clientele and an ease-of-use that outpaces other security and encryption solutions,” said Jess Walker, founder/CISO, of Holocron, a Trustifi MSSP located in Brisbane, Australia. “Their ability to easily geofence data is a critical asset for MSSPs who work in sensitive verticals. It will allow more Australian customers to take advantage of Trustifi’s next generation, born-in-the-cloud capabilities in an environment where AI-based threats continue to escalate.”

Trustifi was recognized in the 2023 Gartner Market Guide for Email Security* for its Outbound Shield, Inbound Shield, and Account Compromise Detection solution. Trustifi’s solutions have repeatedly been acknowledged through awards from esteemed sources such as CRN Magazine, SourceForge, the American Business Association, ChannelVision magazine, Expert Insights, the Cybersecurity Breakthrough Awards, and the Golden Bridge Awards.

*Gartner, “Market Guide for Email Security”, Ravisha Chugh, Peter Firstbrook, Franz Hinner, 13 February 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 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.

https://go.trustifi.com/gartner-email

About Trustifi

Trustifi is a cybersecurity firm featuring solutions delivered on a software-as-a-service platform including sophisticated AI-driven tools. Trustifi leads the market with the easiest-to-use and deploy email security products providing both inbound and outbound email security from a single vendor. The most valuable asset to any organization, other than its employees, is the data contained in its email, and Trustifi’s key objective is keeping clients’ data, reputations, and brands safe from all threats related to email. With Trustifi’s Inbound Shield, Data Loss Prevention, and Email Encryption, clients are always one step ahead of attackers. www.trustifi.com

Follow Trustifi: TwitterLinkedIn, and Facebook.

Contact:
Suzanne Mattaboni
CommCentric Solutions
610 737-2140
smattaboni@commcentric.com

SOURCE: Trustifi



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tuxera Expands Collaboration With Microsoft on New SMB Licensing Solution

Helsinki, Finland, Feb 27, 2024 – (ACN Newswire) – Tuxera is expanding its collaboration with Microsoft through a new Server Message Block (SMB) partner agreement. The agreement enables innovative business solutions for customers by allowing Tuxera to provide SMB technology and an SMB patent license from Microsoft in one competitively priced solution.

Fusion File Share by Tuxera SMB implementation product logoFusion File Share by Tuxera SMB implementation product logo

Red TUXERA logo with Fusion File Share by Tuxera logo on a purple nebula space background.

“Currently we see huge demand for unstructured data from different industries and use cases. We see media and entertainment with a growing need of collaboration with very large video contents, healthcare with requirements on large imaging contents for AI scenarios, and many more require fast file transfers that we provide,” says Antti Alila, VP Enterprise Business at Tuxera. “Having compliant software solutions including patents, business critical support, and future innovation is highly welcome in this market.”

“Building on top of our strong collaboration with Tuxera, this agreement enables customers to focus on file sharing scenarios and innovations using compliant, quality solutions for SMB file transfer,” says Rob Kowal, Director of IP Licensing at Microsoft.

SMB is the native Microsoft protocol used to share files over a local area network, virtual private network, and cloud-based solutions. It is widely adopted worldwide, thanks in part to Window’s global reach. According to Statista, about 70% of the global desktop operating systems use Windows.

SMB is common in mixed environments due to its interoperability. It allows seamless file transfer between Windows and non-Windows-based operating systems, as well as between many different types of devices.

This new agreement lowers any perceived hassle or barriers for licensing SMB technology. It also adds significant value for customers who use Fusion File Share by Tuxera, which provides the fastest and most reliable access to shared file resources and enterprise-grade features unique among SMB implementations using Linux.

Tuxera is the only company to offer a fully licensed, high-availability, cloud-scale SMB solution for enterprise storage requirements, as well as SMB for embedded devices.

Tuxera has been collaborating with Microsoft from 2009 onward and is also a designated licensing aggregator for exFAT technology since 2019. This new agreement builds on earlier cooperation with Microsoft to develop and release a product based on Microsoft’s SMB technology, Fusion File Share by Tuxera.

More information about Microsoft’s licensing program is available at their Tech Licensing programs page. To learn more about combining SMB technology and licensing in one solution, please contact sales@tuxera.com.

About Tuxera

Tuxera is the leading provider of quality-assured data storage management software and networking technologies. Our software is at the core of products used all around the world, including phones, cars, TV sets, cameras, drones, external storage, routers, spacecraft, IoT devices, and public cloud storage platforms. Tuxera’s customers include car makers, device manufacturers, industrial equipment manufacturers, data-driven enterprises, and much more. They rely on our software to protect data integrity and accessibility, improve storage performance, transfer data rapidly and securely, and extend flash memory lifetime in their products and for their projects. We are also members of JEDEC, AGL, SD Association, The Linux Foundation, and other industry associations. Founded in 2008, Tuxera’s headquarters are located in Finland, with regional offices in China, Germany, Hungary, South Korea, Japan, Taiwan, and the U.S.

Contact Information
Sagan Rossi
Head of Marketing, Tuxera
press@tuxera.com

SOURCE: Tuxera

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View the original press release on newswire.com.



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CleverTap partners with Zoomcar to drive customer engagement on their app

Mountain View, Calif, & Mumbai, India, Feb 27, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform, today announced its partnership with Zoomcar, the leading marketplace for car sharing in emerging markets, to elevate user engagement and drive business growth. This strategic partnership will help Zoomcar elevate its customer engagement strategy by crafting personalized interactions that resonate with individual preferences and needs.

Through real-time insights Zoomcar will be able to truly understand user behaviors and preferences, further facilitating targeted re-engagement campaigns and win-back offers. With a keen focus on enhancing user retention and engagement, Zoomcar will be able to foster long-lasting customer relationships and ultimately maximize customer lifetime value. 

This partnership will enable Zoomcar to craft personalized campaigns, conduct A/B testing, and optimize omni-channel experiences. Zoomcar will be able to promote specific car models, rental packages, enhance overall campaign effectiveness, maximize bookings and revenue, and connect seamlessly with users across channels. This holistic approach aims to not only increase traffic at the top of the funnel but also to improve reachability and deliver personalized messages to a larger volume of users.

Through this partnership, CleverTap and Zoomcar aim to achieve: 

  • Improved Retention
  • Enhanced User Stickiness
  • Elevated User Engagement and Conversions
  • Increased Monthly Active Users (MAU)
  • Higher Deliverability Rate

Greg Moran, CEO and co-founder Zoomcar said, “Zoomcar’s customers look for convenient and independent self drive travel options with a growing need for personalized communication with custom recommendations of car options that cater to their various needs. With CleverTap, we aim to bridge the gap and deliver quick, relevant and personalized communication to drive higher engagement and conversions.”

Sidharth Pisharoti, Chief Revenue Officer, CleverTap said, “Zoomcar has been a prominent player in India’s self drive car sharing landscape for years, shaping how Indians experience the convenience of on-demand transportation. We’re excited to be partnering with them to help elevate their customer engagement. Through our cutting-edge platform, we will deliver unparalleled hyper-personalized experiences, contributing to their sustained business growth. Together, we will bring innovation and convenience to the forefront of the industry.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/ 
X: https://twitter.com/CleverTap 

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused on emerging markets. The Zoomcar community connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in growing markets.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com 

IPSHITA BALU
Consultant, Archetype
+91 9590111798
ipshita.balu@archetype.co



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com