Retention Cloud Leader CleverTap Acquires Leanplum

MOUNTAIN VIEW, Calif. and MUMBAI, India, May 19, 2022 – (ACN Newswire) – CleverTap, the world's No.1 retention cloud, today announced it has signed definitive agreements to fully acquire San Francisco based Leanplum, a leading multi-channel customer engagement platform, for an undisclosed amount.

This acquisition will make CleverTap a truly global company with development centers and customer-facing and success teams across North America, Europe, Latin America, India, South East Asia and the Middle East. Combining the product stack of the two organizations, this acquisition will enhance CleverTap's capabilities and take its total customer base to over 1200 customers in more than 100 countries around the world. The deal is expected to close in Q2 of 2022.

Together CleverTap and Leanplum will work with digital brands to help increase their users' engagement, retention and lifetime value by making every user experience hyper-personalized, relevant and contextual at scale in real time. As more businesses become digital-first, brands need to serve their users with delightful moments where they are, when they want and on their preferred channel. CleverTap and Leanplum will now bring real-time hyper-personalization, A/B testing and increased scalability to its omnichannel engagement, analytics and segmentation product lines. As a result, growth and marketing teams globally will now be able to utilize the only end-to-end user engagement and retention cloud platform, enabling them to break down user communication silos and increase the overall lifetime value of each user.

"We are seeing a seismic shift in the marketing technology landscape," says Sunil Thomas, CleverTap Co-founder and Executive Chairman. "Users today demand to be treated as individuals, and this has forced brands to change how they engage with them. CleverTap and Leanplum have both purposely built for a mobile-centric omnichannel world." The acquisition, he says, combines platforms and teams to deliver the best behavior analytics, segmentation, and engagement tools that will enable digital brands to build valuable, long-term relationships with their users. "Our combined strength will be a game-changing force for user engagement, retention and monetization, creating tremendous value for our customers. I am very excited to welcome Leanplum to the CleverTap family."

"When we started Leanplum, our vision was to meet customers' real-time needs at the cutting edge of technology," says Momchil Kyurkchiev, Co-founder and Chief Product Officer, Leanplum. "We have succeeded in that, but as the market has matured, to fully meet the increasing demands put on brands today, we needed to bring in the best analytics, segmentation, and engagement tools, to help our customers build valuable, long-term relationships with their customers. This is why joining forces with CleverTap makes the most sense, and I am excited about the combined capabilities we will now bring to Leanplum customers worldwide."

"I am looking forward to the journey with Leanplum. This coming together with Leanplum marks a monumental moment across the marketing technology landscape," says Sidharth Malik, CleverTap Chief Executive Officer. "This bridges the gap created by multiple martech tools and customer data platforms and will meet the growing needs of user-obsessed digital brands in a much more efficient way. Our 'better together' vision is about integrating our cumulative strengths around people, process and technology to cement our position as the global leader in the user engagement and retention space. Joining forces allows us to bring advanced product and technology capabilities as brands strive to do live segmentation, anticipate user intentions and actions, automate and deploy real-time campaigns for the highest possible conversions, all from one single dashboard."

Image: Sunil Thomas, CleverTap Co-founder and Executive Chairman
https://www.acnnewswire.com/docs/Multimedia/Low_CleverTap2022519.jpg

About CleverTap

CleverTap is the modern, integrated, retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML-powered insights and automation. Customers worldwide representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms, including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Media Contact:
Sony Shetty
CleverTap
sony@clevertap.com

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 amount in the actual result 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 with the information and/or statements in this press release or any related damages.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Proofpoint Showcases Unique People-Centric Cybersecurity Innovation Across All Product Lines at Protect 2022 Conference

SINGAPORE, May 18, 2022 – (ACN Newswire) – Proofpoint, Inc., a leading cybersecurity and compliance company, announced today at its annual Protect 2022 conference a host of people-centric innovations across its entire product line, meeting customer demand for solutions that address the security and compliance needs of today's increasingly cloud-reliant, distributed workforce. These enhancements empower companies worldwide to stay ahead of a continually evolving threat landscape and better protect their most important asset – their people – from attacks and compliance risks related to email, cloud, data and collaboration tools.

"We are focused on developing security innovations that protect people – wherever they may work – and defend their data from today's most harmful risks. To stay ahead of the threat actors, we invest hundreds of millions annually into our products and rely on the most advanced AI/ML technologies to defend our customers," said Ashan Willy, Proofpoint's Chief Executive Officer. "Our unmatched AI-powered data intelligence and ongoing commitment to innovation are why 75% of the Fortune 100 trust Proofpoint as their cybersecurity partner."

Every day, Proofpoint analyzes an incredible data set of more than 2.6 billion email messages, 49 billion URLs, 1.9 billion attachments, 28.2 million cloud accounts and over 500 million events associated with potential data loss. This gives us and our customers unmatched visibility into the threat landscape.

"Driven by the accelerated adoption of work-from-anywhere practices, our Information Protection and Cloud Security Platform is now deployed to over 25 million users worldwide," continued Willy. "Over the past 12 months, we have become the most utilized insider threat solution in the market, and our DLP solution is trusted by some of the world's biggest brands. This speaks to our ability to solve the most complex information protection challenges faced by organizations today."

Proofpoint reinvests twenty percent of its annual revenue into R&D, one of the highest percentages in the industry. The following people-centric enhancements benefit from that research and address critical areas for organizations, including cloud application security, information protection across cloud, web, endpoint and email, insider threat, deep threat intelligence, compliance, email authentication, and employee security awareness.

Proofpoint Threat Protection Platform leverages over 26 different layers of detection to uncover sophisticated email fraud attacks, including BEC, account compromise, and ransomware. With Proofpoint's leadership in innovation, we migrated over 2.7 million enterprise seats to Proofpoint over the last year, and now protect over 200,000 small businesses with Proofpoint Essentials.

– Advanced Business Email Compromise Behavioral Analysis Defense Protection, Powered by New Supernova Behavioral Engine:Launched a year ago, Proofpoint's Supernova detection platform has delivered a 2x improvement in BEC detection with higher fidelity and lower false positives, stopping over 5 million BEC attack attempts per month. Starting in Q3, a new engine in Supernova will provide advanced behavioral analysis that identifies anomalous communication patterns for an organization's employees, improving detection efficacy for BEC, supplier risk, third-party account compromise, phishing, and ransomware threats. The new engine will be provided as a free detection stack upgrade to enterprises using Proofpoint email security.

– Secure Email Relay: Available now, Proofpoint Secure Email Relay provides centralized security control and visibility into application email, including 3rd party senders, as well as protects against data leaks and secures sensitive data by applying payload encryption and DLP to application email.

– Managed Email Security: Offers customers best-in-class services to complement their email security investment and drive a more sophisticated program that reduces operational overhead while improving risk posture and visibility.

– Cloud Threat Response Auto-Pull: Available since February 2022, the SaaS version of TRAP provides mail-centric Security Orchestration, Automation and Response (mSOAR), simplifying deployment and management of the automated removal of malicious and unwanted messages and compromised account remediation. Within 3 months of availability, over 600 enterprises have adopted Cloud Threat Response Auto-Pull.

Proofpoint Security Awareness Platform has over 35 million users and attracted over 2,500 new enterprise customers in the past year, with over 100 million annual simulated phishing tests sent.

– Micro-learning and Adaptive Learning Framework: Available now, our new framework provides flexibility to maximize allocated training time and improves user engagement with a more personalized learning experience that allows users to build on prior knowledge over time. The framework is built across 10 common security domains with progressive levels – delivering concise content that is not longer than 3 minutes and available in 41 languages.

– Email Warning Tags (EWT): This feature provides "in-the-moment" contextual nudges to alert users about uncertain email through embedded HMTL notifications on all devices; empowers users to report suspicious messages directly from the email warning tags, even from mobile devices.

– Cultural Assessment: Available in Q3 2022, this assessment enables CISOs and security leaders to benchmark their organization's security culture by evaluating their employees' attitudes to cybersecurity in the workplace. Insights from the cultural assessment can be used to optimize their organization's program and drive behavior change.

Proofpoint Information and Cloud Security Platform brings together unique context across content, behavior and threats for people-centric insights into and prevention of data loss and insider threats. Our solutions are trusted by customers as diverse as a top five automotive manufacturer, a global pharmaceutical company with 100,000 seats and a Fortune 500 fintech services firm with 62,000 seats; several of which were migrations from legacy DLP vendors.

– Intelligent Classification & Protection: Available now, our AI-powered classification offers increased visibility to sensitive data in cloud and on-premises repositories to accelerate DLP deployment. Includes custom-tailored dictionaries, automated policy recommendations and file labeling via the integration with Microsoft Information Protection.

– Data Privacy and Masking: Address data privacy and compliance needs by masking PII data in forensics information and controlling access to functionality and data in the console with role-based or other attribute-based policies, enabling safe and seamless collaboration between teams and business units.

– Cloud Risk Explorer (Beta): Available this quarter, our Cloud Risk Explorer simplifies cloud governance and compliance efforts with more dynamic prioritization and comprehensive discovery of cloud and web apps. This includes dynamic intelligence around sensitive data, user privileges and user behavior patterns in each cloud app on top of known vulnerabilities. In addition, Proofpoint CASB customers can discover shadow IT apps more easily than before by surfacing visibility into URLs accessed via their existing Proofpoint Targeted Attack Protection and Browser Isolation products without the need for traditional firewall and web gateway log analysis.

– Data Security Reports: Available this quarter, these provide an executive overview of data security and risk, including the effectiveness of DLP policies, coverage across channels and historical trends. They also offer insights into data loss risk posed by users engaged in undesirable behaviors when handling sensitive data across various channels.

Proofpoint Intelligent Compliance Platform provides ML and AI innovation to quickly solve the most sophisticated regulatory compliance and corporate legal challenges, with over 45 petabytes of data under management – a 39% year-over-year growth.

– Flag Deduplication: Available this quarter, flag deduplication allows customers to significantly reduce the amount of content for review by avoiding original content that has already been flagged, such as replies and forwards. Using Proofpoint's ML engine, this has driven an 84% reduction in false positives during data supervisory, reporting, and review.

– Video Analysis: Available now, this feature leverages modern compliance architecture and machine learning to help customers analyze video imagery and transcribe audio to identify compliance violations.

– Proofpoint Capture for Text: Available in Q3 2022, Proofpoint will add Capture and Patrol for text messaging. Content exchanged in the texts are directly integrated to Proofpoint's machine learning engine to be scanned and evaluated against hundreds of regulatory and corporate compliance policies.

For more on Proofpoint's Information Protection solutions, please visit:
https://www.proofpoint.com/us/products/information-protection

To learn more about Proofpoint's Protect 2022 customer conference, please visit:
https://www.proofpoint.com/us/events/protect.

About Proofpoint, Inc.

Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations' greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including 75 percent of the Fortune 100, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com.

Connect with Proofpoint:
– Twitter: https://twitter.com/proofpoint
– LinkedIn: https://www.linkedin.com/company/proofpoint
– Facebook: https://www.facebook.com/proofpoint
– YouTube: https://www.youtube.com/channel/UCIvtJgsrUzFo90NKeiVozhQ

Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners.

PROOFPOINT MEDIA CONTACTS:
Zeno Group on behalf of Proofpoint
ProofpointSG@zenogroup.com

Sharmin Jassal
Proofpoint, Inc.
pr@proofpoint.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Deputy Directors from Kenyan Ministry of ICT and ICT Authority along with INTERPOL’s Director of Cybercrime to speak at CyFrica 2022

Africa, May 17, 2022 – (ACN Newswire) – As the pursuit for a robust African cybersecurity landscape gathers momentum, Tradepass has taken the initiative to host the 4th edition CyFrica at The Kenyatta International Convention Centre (KICC) in Nairobi, Kenya on 28-29 June 2022.



To ensure the summit has the right guidance and attracts the right set of faculties, CyFrica 2022 now has Deputy Directors from the Ministry of ICT – Kenya and ICT Authority – Kenya, Timothy Were and Philip Irode respectively as part of its Advisory Board.

The summit aims to attract 1500+ pre-qualified cybersecurity experts (in-person & virtual) including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across Africa.

In an interview preceding the summit, Timothy Were (Deputy Director, Ministry of ICT – Kenya) stated his thoughts when asked about the reason behind majority of the African companies still not taking a major step to improve their cyber-defense, he expressed, "Ignorance, fear of exposure that could decrease customer and regulator confidence in the firms and not being alive to the fact that the ground is changing could be some of the reasons why firms are not improving their defense."

He also added, "I would like to welcome each and every one of you to the CyFrica 4th edition, Karibu Kenya."

Top renowned organizations like KnowBe4, Uniken, Gigamon, Plena Solutions Ltd., Wallix, Kaspersky, Acronis, IronTree and ManageEngine will be the face of the event as they will have their own exclusive exhibition booths to showcase their cutting-edge security solutions.

Fiona Konchellah (VP of Sales – Africa, Uniken) expressed her excitement for the summit, she said, "I'm thrilled to be a part of CyFrica 2022, alongside some of the top cybersecurity experts. I'm looking forward to discussions on Africa's rapidly growing cybersecurity market, as well as sharing and learning best practices to ensure a safer Africa."

She further added, "Now more than ever, it is crucial that we work together to identify and tackle cybersecurity threats in order to bring Africa's digitization initiatives and aspirations to fruition."

While talking about the state of Africa's cybersecurity, Anna Collard (SVP Content Strategy & Evangelist, KnowBe4) mentioned, "According to KnowBe4's African Cybersecurity Awareness survey released in early 2022, 54% of respondents did not know what a ransomware attack is and 34% have lost money because they fell victim to a scam. To ensure Africa's people benefit from the increasing digitisation public and private sectors need to do more to raise consumer awareness around cybersecurity and threats and build a security culture within their own organisations."

The summit will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best cybersecurity solutions and abundant networking opportunities.

The confirmed speakers for the summit include Timothy Were – Deputy Director, Ministry of ICT Kenya; Philip Irode – Deputy Director, ICT Authority, Kenya; Abdul-Hakeem Ajijola – Chair, African Union Cyber Security Expert Group (AUCSEG) Nigeria; Neil Walsh – Ambassador & Regional Representative to Eastern Africa, United Nations Office on Drugs and Crime Kenya; Cyrus Kamau – CIO, National Commission for Science, Technology and Innovation (NACOSTI) Kenya; Bonface Asiligwa – CISO, KENTRADE Kenya; CRAIG JONES, Director of Cybercrime, INTERPOL; Laura Temesi – Head Cyber Partnerships and Communication, Standard Chartered Kenya; Ishaaq Jacobs – CISO, Sasol South Africa; Kabuthia Riunge – CISO, KCB Group PLC Kenya; Thelma Kganakga – CISO, Equity Bank Kenya; Amenyo Lotsu – CISO, ARB Apex Bank Ghana; Zechariah Akinpelu – CISO, Unity Bank Nigeria; Tim Theuri – Executive Head of Cybersecurity, M-Pesa Africa, Kenya; Cynthia K – Information Security Lead, GE Kenya; Stephen Obare – CIO, National Social Security Fund (NSSF) Kenya; George Ochola – Head Information Technology Security, National Bank of Kenya; Bernard Ambaka – CSO, Kenya Power; and Simion Rutto – Group Head of Forensics and Security Services, Britam Kenya.

Vijay Babber (Senior Channel Manager MEA, Gigamon) expressed his excitement for the summit, and whilst talking about the state of Africa's cybersecurity in a hybrid and multi-cloud infrastructure he said, "Gigamon is excited to be participating in person in this year's Cyfrica event. We are seeing more and more companies' cloud migration strategies accelerating, with hybrid cloud becoming the de-facto standard. The need to protect and secure hybrid cloud networks from cyber-attacks has become mission critical. When deploying applications into the public cloud, the security model becomes more nuanced, bringing on-board many challenges. With Gigamons Deep Observability Pipeline we overcome many if not all these challenges by providing access to all the data that we broker to the security tools, any source any destination. Our team will be happy to discuss the challenges and how Gigamon can help. We look forward to meeting you during the event."

Organizer and CEO of Tradepass, Sudhir Jena expressed, "We feel extremely privileged to have Timothy Were and Philip Irode, the Deputy Directors from Kenyan Ministry of ICT and ICT Authority, as the Advisory Board Members for CyFrica 2022. Their involvement will not only aid us in expanding the participation for the summit but will also help in catering to many different sectors from the continent and foster the right collaborations for a better cyber landscape."

For more information about the event, log on to:
https://cyfricasummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Executive
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CITIC Telecom CPC launches SmartCLOUD(TM) Container Service to Empower Businesses for Application Development, Simplifies and Streamlines Containerized Application Workflow to Boost Operational Efficiency

HONG KONG, May 16, 2022 – (ACN Newswire) – CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to introduce SmartCLOUD(TM) Container Service to simplify application workflow, streamlining operations and offering profound competitive advantages, to support new business initiatives in an unrelenting, face-paced, highly competitive environment. As a Platform-as-a-Service (PaaS), SmartCLOUD(TM) Container Service is a fully managed cloud-based container platform, for boosting operational efficiency and productivity. By adding the new PaaS service under the SmartCLOUD(TM) service portfolio, CITIC Telecom CPC is now offering a complete solution series from IaaS, PaaS to SaaS, all in managed mode for easing and saving enterprises' manpower and time on managing their cloud infrastructures and applications.


SmartCLOUD(TM) Container Service


Fast and Furious Deployment with Cloud Native Container
In today's digitally focused world, enterprises are facing challenge of managing numerous cloud and legacy applications, as their IT staff continuously develop and refine applications to support new business initiatives to keep pace with the fast-changing environment. SmartCLOUD(TM) Container service allows software developers and IT departments to build, run and operate modern applications reliably, securely and at scale. SmartCLOUD Container service is built on top of Kubernetes and provides full stack of "ready-to-use" DevOps toolkits including enterprise-grade image repository, continuous integration and continuous delivery (CI/CD) services, container applications monitoring and purpose-built backup/restore solution. Businesses can exploit the advantages of the cloud-native container model to streamline and easy-to-deploy secure solution using container-based virtualization.

"To keep up with the pace of rapid technological changes in the digital world, businesses need to transform, adopt right technologies and response to changes quickly. SmartCLOUD(TM) Container Service is a Platform-as-a-Service. Built on industry-standard, it provides enterprises a complete managed cloud-based container platform and enables them to easily deploy different features that fit their operations, empowers businesses to enjoy a streamlined and secured containerized application workflow, and boosts operational efficiency," said Mr. Taylor Lam, Chief Strategy Officer of CITIC Telecom CPC. "As the Global-local Digital Intelligent ICT partner, CITIC Telecom CPC's full series of SmartCLOUD(TM) service portfolio can help enterprises move their digital transformation efforts further and unlock the full value of the cloud for their businesses."

Key Benefits of SmartCLOUD(TM) Container Service:

— Simplify & Streamline Application Development
By using SmartCLOUD(TM) Container Service, it streamlines and automates DevOps practices for modern applications and facilitate collaboration between IT operations and application development. It is even able to simplify the adoption of Kubernetes Technology, by using the open standard technology, which can easily migrate any Kubernetes-based cloud applications to SmartCLOUD Container Service.

— High-speed Large-scale Continuous Integration
By leveraging SmartCLOUD(TM) Container Service, IT teams remain productive creating and upgrading innovative applications with a dynamic container platform environment supporting their continuous integration and continuous delivery (CI/CD) pipeline. The self-service portal enables developers to deploy test environments in minutes with effortless management of large-scale application orchestration.

— Fully Managed, High Security and Reliability
Provides enterprise-grade security and compliance with 7 x 24 fully managed container platform monitoring and backup services to meet stringent customer requirements, not only help customer greatly reducing container platform management and day-to-day operations overhead costs, but also providing a safer and more stable container platform for modern applications

— Smart Containerization Maintains Business Continuity
Using multiple container clusters facilitate robust business continuity, meanwhile, it allows companies to quickly and easily clone applications into different namespaces, enabling fast failover across regions and between on-premises and cloud infrastructure to keep your business smoothly operating.

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24×7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com

Media Contact:
Catherine Yuen
CITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Soluna Raises $35M from Spring Lane Capital to Build Green Data Centers for Crypto, Machine Learning

ALBANY, NY, May 12, 2022 – (ACN Newswire) – Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), secured $35 million in project financing to develop green data centers co-located with renewable energy assets. Spring Lane Capital, a private equity firm, invested private funds in Soluna as a part of their strategy focused on hybrid project capital for sustainability solutions in the energy, food, water, waste and transportation industries. The capital will help develop three behind-the-meter (BTM) projects designed to convert wasted renewable energy into clean computing services such as bitcoin mining and artificial intelligence.

"Soluna is the only true green bitcoin company we've yet seen," said Rob Day, Spring Lane Capital Partner and Co-Founder. "Going after wasted renewable energy 'spilled power' is a compelling solution and fixes both bitcoin's climate problem and wind power's grid problem."

Michael Toporek, CEO of Soluna Holdings, Inc. said, "Consistent with our previously articulated strategy, we continue to pursue opportunities that we believe enable us to optimize our cost of capital. The Spring Lane Capital approach helps us develop a mature repeatable model that can be scaled."

The first of the three projects, Dorothy, named in honor of African American mathematician and human computer Dorothy Vaughan, is expected to be energized later this summer and coincide with the launch of a local STEM program. The Dorothy project is a 100 MW data center with a 50 MW initial phase, connected to a Texas wind farm that produces more electricity than the grid can consume. Soluna's data center is currently estimated to create between 25 to 50 highly skilled jobs for technicians, security and electrical staff.

The other two projects funded by the new capital will come from Soluna's robust pipeline.

John Belizaire, CEO of Soluna Computing, Inc., said, "We are honored to have a pioneering sustainability project finance firm like Spring Lane Capital back our vision. Our model of leveraging excess clean energy to generate low-cost computing is the future of green bitcoin mining and green data centers."

Spring Lane Capital has a successful track record helping sustainable technology companies raise capital to build flagship projects. Their 'hybrid project capital' approach provides project equity along with additional growth capital.

Added Day: "Soluna is driving demand for clean power by giving a floor price and improving the bottom line of the renewable power partners they work with. The ultimate result is more wind farms and solar farms that would not otherwise be built."

At power plants like the wind farm where the Dorothy project is under construction, excess energy is wasted when the grid becomes overloaded or demand is too low. Soluna's scalable solution allows every excess megawatt to be used for batch-oriented, computing-intensive processes, such as cryptocurrency mining and machine learning. Additionally, flexible demand consumers help stabilize the grid by preventing power overload, which can otherwise lead to blackouts and grid malfunction.

Last month, Soluna Holdings (SCI's Computing's parent company), sold its Albany-based MTI Instruments subsidiary for $10.75 million, expanding its focus on helping the modern grid absorb more renewable energy through flexible green data centers.

About Soluna Holdings, Inc.

Soluna Holdings, Inc. (Nasdaq: SLNH), which operates through its subsidiary, Soluna Computing, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing-intensive, batchable applications such as cryptocurrency mining, AI and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Up to 30% of the power of renewable energy projects can go to waste. Soluna's data centers enable clean electricity asset owners to 'Sell. Every. Megawatt.' For more information about Soluna, please visit solunacomputing.com or follow us on LinkedIn and Twitter.

Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
646.823.8656
Ksmith@pcgadvisory.com

Media contact:
Bridgette Borst Ombres, Tigercomm
(304) 546-3788
bombres@tigercomm.us

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CleverTap Appoints Honey Bajaj as SVP & Global Chief of Consumer Experience

MOUNTAIN VIEW, Calif. and MUMBAI, India, May 5, 2022 – (ACN Newswire) – CleverTap, the world's leading retention cloud, today added to its core leadership team with the appointment of Honey Bajaj as SVP & Global Chief of Consumer Experience. In this position, Bajaj will pioneer CleverTap's extensive program to help companies reimagine customer experience and realize the "Art of Possible".


CleverTap Appoints Honey Bajaj as SVP & Global Chief of Consumer Experience


Bajaj is a design strategist, an innovation leader and a social entrepreneur with extensive work in India and the U.S. Her ability to problem solve and identify patterns in human behavior has earned her multiple prestigious awards and recognition as an Innovation Global Shaper and Inventor of the Year (2016). She is also a dual degree holder with a Master's Degree in Engineering and Management and a Master's in Sustainability Studies from the Massachusetts Institute of Technology. She is currently pursuing her Ph.D. in Design and Innovation Methodologies in the Digital World.

Before joining the CleverTap Leadership Team, Honey built an innovation pipeline for several Fortune 500 companies, including Boston Consulting Group Digital Ventures, Disney, Microsoft Research, MIT Media Lab and Tata Group, one of India's largest and highly profitable conglomerates. There she developed detailed market segmentation frameworks based on purchase behavior to orchestrate product launches and go-to-market strategies.

Bajaj has also dedicated her talent in designing for scale and impact to serving the needs of government bodies, financial institutions and healthcare organizations. Her work, which spans over a decade, has impacted over 50 million lives.

"As we scale CleverTap into a global category creator for "Retention Cloud", we realize that our customers are eager to co-create experiences that will fuel growth and the future of their own digital businesses. For this reason, we are expanding our leadership team with a new appointment that benefits the most important stakeholder: our customers' customers," Vikrant Chowdhary, CleverTap Chief Growth Officer, explains.

"From fintech to ecommerce, and from on-demand Super Apps to media and streaming services, companies need the inspiration and tangible examples of the "Art of Possible" to unleash human-centered design thinking, unlock new perspectives and drive powerful momentum and positive results for all stakeholders." This outcome, he continues, is "inextricably linked with our customers' abilities to realize and hyper-personalize omnichannel journeys for their customers."

"I have always focused on designing for impact and inventing for scale by contextualizing tech for the consumers. The truth is, no matter what we think we're doing, we are all in the customer-experience business. Before you can accomplish it, you need to envision it. The digital behavior and expectations of customers is evolving faster than most industries are able to deliver. I am looking forward to my journey with CleverTap to embed human-centered principles and design thinking into a series of initiatives and programs," Honey Bajaj says. "These efforts will allow digital-first companies to co-create and simulate digital journeys that will fuel growth through superior customer experience and will enable CleverTap's customers to realize their consumer journeys in a more seamless and contextual manner as the lines of the digital and omnichannel world are no longer separated."

About CleverTap

CleverTap is a modern, integrated Retention Cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML-powered insights & automation. Customers worldwide representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue.

CleverTap is backed by leading venture capital firms, including Sequoia India, Tiger Global Management, and Accel. The company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit clevertap.com or follow us on LinkedIn and Twitter.

Media Contact:
Sony Shetty
PR Director
CleverTap
sony@clevertap.com

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 amount in the actual result 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 with the information and/or statements in this press release or any related damages.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Microsoft, Databricks and 10+ leading giants unleashed their Data Analytics solutions at BYTES 2022

Singapore, Apr 22, 2022 – (ACN Newswire) – Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.

Taking cue from the above developments, all the while trying to support the Big Data Analytics organizations in the region, Tradepass hosted BYTES for the first time in ASEAN, virtually on 12 – 13 April 2022.

"While explaining the massive growth in data, Karthikeyan Rajasekharan (Senior Director, Data and AI Solution, Sales – APAC, Microsoft APAC) mentioned, "As we went through that journey, we recognized that we needed a modern data estate and we have moved from our value licensing days which had the smallest transaction between $400+ dollars to a place in the cloud where the smallest transaction is anywhere between $3 to $4, which means there has been sheer amount of growth in the data and now we need to think about how we have to modernize ourselves."

The 2-day virtual summit hosted 1000+ Big Data Analytics professionals from the leading public and private organizations across ASEAN which included the CDOs, CXOs, CIOs, CTOs, CMOs, Heads of IT, Data Scientists and many other senior profiles.

Chris D'Agostino, Global Field CTO, Databricks, spoke in great detail on transforming organizations by enabling data and AI at scale. During his presentation, he expressed, "When we did a survey in partnership with MIT Technology Review, we studied 351 companies around the globe, a third of which were here in APJ, and the number one regret that most data leaders had was that they didn't standardize using open standards. Instead, they chose proprietary capabilities and felt locked into a particular vendor or solution."

Microsoft, Databricks, Dataiku, Cloudera, Tech Data, BMC, Aerospike, H2O.ai, Vertica, Domo, Denodo, Snowflake and Fivetran were literally the face of the summit as they had their own exclusive virtual exhibition booth to showcase their cutting-edge solutions. Some of them even gave insightful sessions during the conference on the most pressing topics which included 'Data Stewardship', 'How To Formulate and Implement a Winning AI Strategy', 'Hybrid Data Cloud', "From AI Experimentation to AI Monetization', 'Accelerating Data-Driven Outcomes with DataOps & Cloud' and many more.

While enlightening the delegates on Hybrid Data Cloud, Carlos Zorzin (Senior Partner Sales Engineer, Cloudera) commented, "89% of IT-decision makers believe a hybrid cloud environment is the optimal choice to easily and securely store and move data as well as manage workloads. In order to achieve that, companies need a data platform that lets them easily move data and workloads from private clouds, to public clouds, and even to the edge – with scale. That's Hybrid Data Cloud."

When asked about the response from the delegates, Sudhir Jena, the organizer and CEO of Tradepass said, "Bytes 2022 – ASEAN delighted the 1000+ delegates with the top-line of solution providers and experts from the public & private domain and the delegates had very insightful interactions including Q&As with the experts. The delegates also got a chance to explore the latest solutions from the stellar organizations at the summit and collaborate with them to leapfrog their competitors."

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

For more information about the summit, log on to: https://asean.bytessummit.com/

Media contact:
Shrinkhal Sharad
PR & Communication Executive
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Colt Technology Services delivers higher bandwidth for AWS Direct Connect Hosted services

TOKYO, Apr 21, 2022 – (ACN Newswire) – Colt Technology Services has today announced that it can now support Colt On Demand cloud connectivity to AWS Direct Connect Hosted services, with speeds of up to 10 Gbps, for customers in Japan, Hong Kong and Singapore.

10 Gbps connectivity was previously only available on AWS Direct Connect Dedicated services, but with this enhancement, customers can now connect directly to AWS Direct Connect Hosted services without having to use cross-connects, reducing their Total Cost of Ownership (TCO) and increasing speed of delivery. Customers can also make use of different AWS virtual interfaces (private, public, transit).

Initially launched in Europe last year, with this announcement, Colt is now offering the service in Asia (Hong Kong, Japan, and Singapore), with high bandwidth of up to 10Gbps, in a fully flexible connectivity solution with Colt On Demand.

The recent increase in hybrid working has also increased the need for flexible traffic control. Colt On Demand enables rapid network deployment to take full advantage of the flexibility of the cloud. In addition, bandwidth can be adjusted in real-time, according to the ratio of office workers and those working remotely, enabling the cost effective creation of a high perfomance cloud computing environment.

Masato Hoshino, President and Asia Representative at Colt, said: "We have built a strong relationship with AWS and, as an AWS Partner, Colt has provided AWS connectivity to a large number of customers across all industries in Asia. This announcement highlights our continued investment in APAC and our commitment to provide our customers with agile, flexible, and secure cloud connectivity services to meet their high bandwidth needs and help them to take advantage of everything the cloud has to offer."

Recognised as a Visionary in the Gartner 2021 Magic Quadrant for Network Services, Colt also received Frost & Sullivan's 2021 European Customer Value Leadership Award. The company has industry-leading Net Promotor Scores (NPS), reflecting Colt employees' high motivation.

About Colt

Colt strives to transform the way the world works through the power of connectivity. The Colt IQ Network connects 900+ data centres across Europe, Asia and North America's largest business hubs, with over 29,000 on net buildings and growing.

Colt understands business connectivity requirements and provides high performance and high bandwidth solutions to enable customers' success, with Colt's vision centering on being the most customer oriented business in the industry. Customers include data intensive organisations spanning over 210 cities in more than 30 countries. Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.

Press Contact:
Nola Pocock – VP Global Communications
+447917714377
nola.pocock@colt.net

Ritsuko Onodera
+81345607147
Ritsuko.Onodera@colt.net

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Princeton Digital Group and The Indonesian Internet Service Provider Association announce a strategic partnership to boost Internet connectivity in Indonesia

JAKARTA, Apr 21, 2022 – (ACN Newswire) – Princeton Digital Group, Asia's leading data center provider, and The Indonesian Internet Service Provider Association (APJII) announced a collaboration to further elevate Indonesia's internet infrastructure.

This strategic partnership will help APJII members in Jakarta, Bandung, Surabaya, and Pekanbaru to have easy access to the Indonesia Internet Exchange (IIX) and strengthen the internet connectivity infrastructure in Indonesia. This collaboration will also include PDG's 22MW Jakarta Cibitung 2 (JC2), a new greenfield development that PDG launched recently.

APJII is a long-established association with over 700 internet providers and over 3,000 corporate members. The association provides members with several strategic services, including access to IIX, assistance, seminars and training, and industry-related insights. These services are provided to support its members in providing quality Internet services for Indonesians, in line with the Indonesian government's program to strive towards digital transformation through building the country's digital and internet infrastructure inclusion to expand connectivity across the archipelago.

With an internet penetration rate of 73.7% in 2021, an increase from over 64.8% in 2018, and 95% of the population in the country accessing the internet via smartphones, Indonesia is poised to be a hyperscale market for data centers. According to Structure Research, the data center colocation market in Jakarta is expected to grow at a CAGR of 23.7% through 2020 to 2025, indicating massive growth ahead.

Chairperson of APJII, Muhammad Arif, said, "As the Internet penetration rate continues to grow, APJII must anticipate the needs of the internet infrastructure, including internet xchange nodes and data center, in terms of capacity, reliability, and efficiency. APJII commits to support Indonesia's vision to become the largest digital economy power in the region and strengthen internet sovereignty."

However, the Indonesian market is highly fragmented. Many Internet Service and Content Providers try to get access to IIX. With this partnership, PDG opens more options in terms of location. This will help by facilitating members of APJII to reach more digital content by leveraging PDG's expanded footprint in the market. The move will enable the content providers to collocate with PDG to garner easy access to IIX. At the same time, APJII is able to expand its community and provide broader Internet services for Indonesians.

"To build a stronger digital infrastructure in Indonesia and contribute to the nation's upliftment at large is at the core of PDG. Being at the center of explosive economic growth and rapid digitalization by the government sector in Indonesia, PDG is well-poised to serve global cloud companies, domestic internet companies, and enterprises with unmatched scalability, connectivity, and reliability," said Stephanus Tumbelaka, Managing Director of Indonesia, Princeton Digital Group.

About PDG

Princeton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in China, Singapore, India, Indonesia, and Japan, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia. For more information, visit www.princetondg.com or follow us on LinkedIn.

About APJII

The Association of Indonesian Internet Service Providers, known as APJII, was formed at the First National Conference in Jakarta on May 15, 1996. APJII is a well-known association that supports Internet development in Indonesia. As the association that is the organization of internet service providers, APJII is also the "operator" of the Indonesia Internet Exchange (IIX). APJII is a society-based organization that regulates IIX on a non-profit basis to support an efficient interconnection amongst internet service providers who hold internet service operating licenses in Indonesia. The presence of IIX, which APJII owns and manages, has effectively increased the speed of internet access for the people of Indonesia.

Media Contacts
Princeton Digital Group
Grace Chen
PR@princetondg.com

PRecious Communications for Princeton Digital Group
PDG@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pay-as-you-go DDoS Protect (DDoS Kaitse) service for Enterprises in Tallinn

Estonia, Apr 21, 2022 – (ACN Newswire) – CITIC Telecom CPC Estonia OU launches new service portfolio "DIA PROTECT" (DIA KAITSE), of which DIA DDoS Protect (DIA DDoS Kaitse) provides advanced networking and security in a single unified offering to organizations seeking to secure and enhance business operations. DIA DDoS Protect (DIA DDoS Kaitse) combines High-Speed Direct Internet Access (DIA) solution and industry-leading DDoS protection to deliver cost-effective connectivity and mitigate cyber risks. DIA DDoS Protect (DIA DDoS Kaitse) is built on the pay-as-you-go method: pay for the DDoS protection service only for the time being under attack. CITIC Telecom CPC offers an approach that is based on real need, the company only pays for the service when being under cyber attack. Service includes a default 15 minutes free of charge DDoS protection per month.




"According to the Republic of Estonia Information System Authority, the number of distributed denial-of-service (DDoS) attacks grew last year, newly coupled with blackmail. Unfortunately, DDoS as a service is available on the dark web and almost anybody can launch a DDoS attack against any company. This can paralyze any company's everyday work for hours, weeks, or months. Seeing, that the issue is continuously growing, and affects companies randomly, we decided to launch value-added service based on the pay-as-you-go model," says Serve Bunnik, the Deputy Director of CITIC Telecom CPC Europe operations.

CITIC Telecom CPC's new service DIA DDoS Protect (DIA DDoS Kaitse) protects the Internet connection for the full range of DDoS attacks: providing ISO 3-7-layer protection, a globally distributed network of cleaning centers ensures effective mitigation of the DDoS attack, as close to the source as possible. Standard supported speed of the Internet connection is up to 1Gbps, which case by case basis can be extended to 10 Gbps. High speed, quality, global Internet connectivity is based on strong local and global Tier 1 and Tier 2 peering, including 8 public IP addresses (minimum) running up to 64 IP addresses, depending on Internet access speed. CITIC Telecom CPC has 24/7 excellent local support in Estonian, Russian or English languages. Service can be extended with optional Security Services to protect businesses from internal and external threats, keeping unauthorized traffic from entering the organization, based on next-generation firewall and anti-virus services.

Distributed denial-of-service (DDoS) attacks are among the most significant security concerns facing customers who rely on cloud-based applications, especially with a new normal business model today. CITIC Telecom CPC's DIA DDoS Protect (DIA DDoS Kaitse) with DDoS solution provides additional mitigation capabilities and features with network resources, with NO CAPEX and LOW OPEX per usage.

Link to the product page https://www.citictel-cpc.com/en-eu/product-services/dia-protect

About CITIC Telecom CPC

CITIC Telecom CPC is the preferred intelligent technology-driven digitalization enabler with decades of vast ICT expertise and corporate values of constant innovation and end-to-end quality, offering sophisticated solutions to solve challenges intelligently, efficiently, and cost-effectively.

Bringing with our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24×7 Security Operations Centers (SOCs). CITIC Telecom CPC's ICT capability spans the spectrum, including leveraging MPLS, SIEM, NFV, SDN, AI, Big Data, 5G, AR, VR, and other cutting-edge technologies in order to address business challenges. We are one of the first managed service providers to be multiple certified for ISO9001, ISO14001, ISO20000, ISO27001, and the IaaS provider to be certified for ISO27017.

CITIC Telecom CPC delivers a range of innovative services, including TrueCONNECT(TM) ( https://www.citictel-cpc.com/en-hk/product-category/ip-networking ) – an advanced MPLS VPN service that employs state-of-the-art fully meshed network, TrustCSI(TM) ( https://www.citictel-cpc.com/en-hk/product-category/information-security ) – an integrated suite of information security solutions, DataHOUSE ( https://www.citictel-cpc.com/en-hk/product-category/internet-data-center ) – converged cloud solution and global unified management datacenter solutions, and SmartCLOUD(TM) ( https://www.citictel-cpc.com/en-hk/product-category/cloud-computing ) – smarter, better and high-performance cloud computing solutions which complement the company's managed network, managed security and managed cloud data center solutions.

Media Contacts: Jaanika Kaarst
CITIC Telecom CPC
(+372) 53 454 442
Email: jaanika.kaarst@citictel-cpc.com


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com