World Cloud Show: Empowering Indonesia’s Digital Transformation Journey

JAKARTA, Oct 23, 2023 – (ACN Newswire) – Indonesia, one of the rising economies in the Asia Pacific region, continues to attract global attention with its digital transformation journey. In recent years, the country has witnessed seismic growth with the seamless integration of emerging technologies like artificial intelligence, blockchain-based solutions, cloud computing, cybersecurity solutions and more.

The 22nd edition of the World Cloud Show, organised by Trescon, is a one-of-a-kind platform that will showcase some of the transformative solutions and innovations that are having a major effect in the regional business landscape. This thought leadership-driven platform will serve as a key catalyst for innovators to network with leading titans and C-level decision- makers from the cloud computing domain.

As Indonesia is becoming the fastest-growing cloud market, the presence of international giants like Microsoft, Google, Alibaba, and Amazon Web Services further assists innovators and entrepreneurs extensively by understanding key trends and aiding them in their cloud migration journey. Cloud computing and data center solutions are set to play a central role in Indonesia’s digital transformation journey. According to a Mordor Intelligence report, Indonesia’s data centre market was worth US$ 1.67 billion in 2022 and is projected to be worth US$ 3.43 billion by 2027 (growing at a CAGR of 13.15 per cent from 2022 to 2027).

The events taking place in Indonesia further solidifies its position as a global forum for global thought leaders, industry experts, cloud computing innovators and experts to converge and explore new-gen solutions. Attendees will be able to gain valuable and actionable insights through engaging keynote presentations, enterprise use-case presentations, panel discussions and interactive tech talks.

Notable speakers attending the event include:

  • Dr. Ilham Akbar Habibie, Chairman, National Information and Communication TechnologyCouncil
  • Dr. Rudy Salahuddin, Deputy Minister for Digital Economy, Manpower and SMEs, Coordinating Ministry For Economic Affairs Of The Republic Of Indonesia
  • Muhammad Arif, Chairman, Apjii (Asosiasi Penyelenggara Jasa Internet Indonesia)
  • Roy Nicholas Mandey, Chairman, Aprindo Indonesia
  • M. Zulkifli Salim, Deputy Director, Digitalization, Financial Centre & Banking Transformation, Otoritas Jasa Keuangan (OJK)
  • Marsudi Wahyu Kisworo, Board of Governors, The National Agency for Research and Innovation, Republic of Indonesia
  • Wilbertus Darmadi, CIO, Toyota Astra Motor
  • Edwin Sugianto, COO & CMO, AXA Insurance Indonesia
  • James Elwes, Operations and IT Director (COO), HSBC Indonesia
  • Nicholas Tay, Chief Technology Officer, Sangfor Technologies
  • Andang Nugroho, President, ISC2 Jakarta Chapter
  • Erick Hadi, Founder at Nusantara Academy, Head of Talent Development and Industry Certification, IDPRO
  • Samuel Mulyono, Cyber, Data Protection and Product Risk Assurance Group Head, PT Bank Nationalnobu Tbk (NobuBank)

Naveen Bharadwaj, CEO of Trescon, expressing his enthusiasm about the event said,” The convergence of the top tech veterans and cloud experts at the World Cloud Show creates a unique opportunity for Indonesia’s digital future. We are proud to create a blend of innovative, collaborative, and transformative platforms that empower the innovators of today to become the leaders of tomorrow”

So save the date and join us as we script a new chapter in Indonesia’s digital transformation journey. To know more about the World Cloud Show

visit: https://www.worldcloudshow.com/

The 22nd edition of the World Cloud Show is supported by:

About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.

For further details about the announcement, please contact:
Nupur Aswani
Director – Global PR and Partnerships, Trescon
+91 95559 15156 | media@tresconglobal.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ensign InfoSecurity Granted Patent to Detect and Identify Phishing-Domains

SINGAPORE, Oct 23, 2023 – (ACN Newswire) – Ensign InfoSecurity (Ensign), the largest pure-play, end-to-end cybersecurity service provider in Asia Pacific, announced today that it has been granted a patent – “A system and method for detecting phishing-domains in a set of Domain Name System (DNS) records”.

This patent marks a significant contribution to addressing the critical challenge of detecting phishing domains, a tool frequently exploited by cybercriminals for phishing attacks. This invention introduces four key modules: the homoglyph phishing domain detection module, the typo-squatting phishing domain detection module, the general phishing domain detection module, and the alert module. These modules work in synergy, collectively identifying and flagging phishing domains within a designated set of DNS records. The method goes beyond traditional approaches such as Levenshtein edit distance by integrating keyboard distance, ensuring fewer inaccuracies, and enhancing the precision in pinpointing phishing domains. In addition, it is adaptable to the evolving landscape of homoglyph attacks, factoring in visual characteristics and Punycode representations. By facilitating early detection of phishing domains, especially those that exploits human behaviours, this invention offers proactive cybersecurity as it recognises potential threats earlier in the cyber attack timeline. This proactive approach enhances the defence against emerging threats.

“Our latest innovation is designed to pre-emptively detect phishing domains, safeguarding entities before harm is done. This patent is a testament to the proactive measures we take to shield businesses from emerging cyber threats, which leads to data breaches, financial losses, and reputational harm,” said Mr. Tan Ah Tuan, Head of Labs at Ensign. “Ensign’s innovations are conceived and developed in-house, and it underscores our commitment to pushing the boundaries in cybersecurity.”

Our previous patents also stand as significant milestones:

· Patented: Self-Learning Threat Detection – This patent describes a method to train threat detection models for network traffic data without needing a completely labelled dataset. It leverages both Indicators of Compromise (IoCs) and pre-existing models to generate partial labels for model training. This innovative approach is subsequently harnessed to enhance our threat detection capabilities by incorporating all available IoCs and historical insights. Ensign thus maximises the potential of the dataset for training advanced threat detection models. It also empowers the team to maintain a competitive edge in developing models by extending their prior knowledge to unlabelled data by incorporating it into their training process.

· Patented: Approach to Detecting Domain Generation Algorithm (DGA) Attacks – Ensign’s proprietary DGA detection model filters extensive network traffic to identify DGA traits and confirm if any successful connections to malicious domains occurred. By deploying Ensign’s DGA detection model, organisations can significantly decrease the volume of alerts linked to such communications. This substantially enhances accuracy and accelerates response time.

About Ensign InfoSecurity

Ensign InfoSecurity is the largest, pure-play end-to-end cybersecurity service provider in Asia. Headquartered in Singapore, Ensign offers bespoke solutions and services to address their clients’ cybersecurity needs. Their core competencies are in the provision of cybersecurity advisory and assurance services, architecture design and systems integration services, and managed security services for advanced threat detection, threat hunting, and incident response. Underpinning these competencies is in-house research and development in cybersecurity. Ensign has two decades of proven track record as a trusted and relevant service provider, serving clients from the public and private sectors in the Asia Pacific region.

Ensign InfoSecurity is ranked 7th in a worldwide survey of MSSPs (Managed Security Services Providers) and was awarded The Cybersecurity Awards 2023 (MNC Vendor) for the second consecutive year.

For more information, visit www.ensigninfosecurity.com or email marketing@ensigninfosecurity.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Microblink Pioneers Modular Approach to Document Identity Verification, Transforming Industry Standards

BROOKLYN, NY, Oct 21, 2023 – (ACN Newswire) – Microblink, a pioneering force in AI-powered identity verification, today launched its groundbreaking modular solution for identity document verification. With its plug-and-play design and unparalleled accuracy, Microblink’s innovative modular approach represents a major advancement in identity document verification, providing unprecedented flexibility for global customers in banking, financial services, insurance, travel, telecom, and more.

“Our BlinkID Suite revolutionizes identity document verification,” said Hartley Thompson, President of Microblink.

“We’ve always prioritized user-centric design and flexibility for our customers, and this innovative approach sets a new standard for meeting our customers’ diverse needs.”

Microblink’s new solution greatly simplifies integration, lowering barriers for businesses to implement advanced identity document verification technology. Alongside the product launch, Microblink has introduced interactive demos to showcase the modular solution’s capabilities. Interested parties can experience firsthand how Microblink is streamlining identity document verification for iOS, Android, and browsers here. https://pr.report/WkDqenij

As digital transactions and verification needs rise, Microblink’s innovations lead the way in providing reliable, efficient, flexible solutions for industries relying on identity document verification. From customer onboarding to insurance claims, Microblink’s breakthrough technology enables digital transformation through fast, secure verification.

About Microblink:

Microblink is an industry leader in AI-powered computer vision for identity document and payment card verification. With offices worldwide and global brands in banking, financial services, insurance, travel, and telecom sectors. Their dedication to technological innovation and client satisfaction is unrivaled, setting them apart as leaders in their field.

Contact Information

Tori Elstrom, Sr. Manager, Performance Revenue Marketing, tori.elstrom@microblink.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

StrategINK Presents The Global Agility Summit – Sri Lanka Edition themed around DATA | AI | CLOUD

Colombo, Sri Lanka, Oct 19, 2023 – (ACN Newswire) – StrategINK will host the Sri Lanka Edition of The Global Agility Summit, the leading DATA|AI|CLOUD conference, in Colombo on 3rd November 2023.

The summit will bring together 40+ subject matters experts and consultants as speakers and 200+ executives from SAARC Countries representing various sectors of industry, technology professionals, and members of the investment community, including those in: Executive management, IT, marketing/business development, product management, strategy and planning, financial services, and more. The event will serve as a platform to explore the latest advancements, trends, and real-world applications in the fields of data analytics, artificial intelligence, and cloud technologies.

The one-day conference will focus on how the trilogy of Data, AI and Cloud is enabling enterprise transformation.

Eminent industry speakers will share insights and best practices on topics including:

  • Digital Transformation: The Heart of Business Evolution
  • Reimagining Cloud, Data & AI -Establishment of a Cyber-Resilient Enterprise
  • Data’s Role in Shaping the Metaverse
  • Digital Twin: Providing Certainty in an Uncertain World
  • Sustainable Development with Data, AI & Cloud

“In the heart of Sri Lanka, we are set to redefine the future with The Global Agility Summit, where Data, AI, and Cloud converge to shape the next era of innovation and transformation,” said Vinod Singh, Managing Director, StrategINK Solutions. “Our goal is to catalyze impactful conversations and help organizations accelerate their digital transformation journeys.”

To register or learn more about TGAS’ Sri Lanka, visit: https://shorturl.at/ilT46

About StrategINK Solutions

A team of pragmatic and experienced Industry Experts, who passionately help Business Organizations (Buyers, Sellers, Business/Channel Partners) with a variety of services towards accelerating ‘Business Innovation & Go-to-Market’ pursuits. With our core offerings of ‘Research based Business Insights’, ‘Content driven Marketing Solutions’, ‘Digital Transformation Consulting & Advisory’, and ‘Learning, Enablement & Skill augmentation Services’, we catalyze & accelerate business transformation, digital led innovation, sales acceleration, skill enhancement, and customer delight. With our rich, diverse & hybrid model of digital and physical tools, techniques and industry proven frameworks and best practices, we develop unique solutions to address the complex business challenges of our clients and create compelling value through sustainable innovation.

For additional information, please contact:
Manish Sharma
Chief Business Officer
msharma@strategink.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Launches 1st Ever MediaGram to Build Indonesia Online Fitness Community

BANGKOK, Oct 17, 2023 – (ACN Newswire) – Thoughtful Media Group Inc (“Thoughtful Media” or “TMG”), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces a launch of first ever MediaGram, entitled “Sit Up”, in partnership with Indonesian superstar actor and producer, Chicco Jerihko, to develop online fitness centric community promoting health focused lifestyle in Indonesia. TMG expects new revenue models with fitness clubs and clothing retailers to emerge as result of this partnership.

“MediaGram” is an Instagram page used as a media platform to build communities in collaboration with individuals and/or companies. TMG Group aims to launch 3 Mediagram partnerships per quarter for the rest of 2023 and in 2024 across SEA to continuously develop innovative advertising channels promoting brands and services.

A household name in Indonesian entertainment landscape, Chicco Jerihko’s popularity derives from acting in and producing movies, TV shows and web series. Chicco has previously been nominated for and awarded prestigious awards for his roles in cinema, including Best Actor and Best Film by Festival Film Indonesia. Due to his on-screen success, Chicco Jeihko has amassed over 3+ million followers on social media. Chicco Jerihko comments, “Since 2003, I have been building these healthy habits to meet career demands and personal priorities. I am thrilled to share these habits and best practices with the wider online community and collaborating with renowned digital advertising firm, Thoughtful Media, on this endeavour”.

Kriangkrai Chaimongkol, TMG Chief Executive Officer, explains, “MediaGram is a direct result of our innovative methodology of growing the SEA digital creator economy and we are proud to present our first collaboration with Chicco Jerihko. We strongly believe that collaboration between TMG and SEA celebrities will have a significant positive impact on the regional social media market. We expect this ground-breaking platform to chart a fresh path for local celebrities to engage with and develop bigger audiences for our brands to market to. As we expand this exciting business to other parts of SEA in 2023 and 2024, and with innovative revenue models just emerging, we project our high margin, MediaGram revenues to contribute over 20% of Group revenues in 2024. TMG continues to create value-added services for our strategic celebrity partners, brands and the wider SEA creator community”.

About Thoughtful Media Group Inc.

Founded in 2010, Thoughtful Media Group is the leading digital advertising platform in SEA. Through our network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia and Philippines, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In July 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired TMG. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse, servicing creators and advertisers in SEA.

For more information on TMG, please visit:
Website at www.thoughtfulmedia.com or
LinkedIn at https://www.linkedin.com/company/thoughtful-media-group-inc or
Instagram at https://www.instagram.com/thoughtfulmedia/ or
Facebook at https://www.facebook.com/thoughtfulmediaasia or
Twitter at https://twitter.com/ThoughtfulMedia.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.6 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator;  Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass  or
Facebook at https://www.facebook.com/thesocietypass  or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rapid and Deep-Tech Enabled Innovation is the Key to Detecting and Responding to Emerging Threats

SINGAPORE, Oct 17, 2023 – (ACN Newswire) – Ensign InfoSecurity (Ensign), Asia Pacific’s largest pure-play cybersecurity service provider, is the cornerstone sponsor at GovWare 2023. Ensign presents its AI-powered Threat-Informed Defence Approach under the theme “Infinite Vigilance, Rapid Response.”  

With the rise of increasingly sophisticated cyber threats, Ensign is championing a revolutionary threat-informed defence approach to address the pressing challenges organisations face. In today’s digital landscape, cyber threats have evolved to become more elusive and complex than ever before. Existing cybersecurity solutions are struggling to keep pace, leaving companies vulnerable to a wide range of potential threats. Effectively allocating resources amidst the vast diversity and volume of emerging threats has become a daunting task for businesses.

Ensign’s pioneering approach centres on “Threat-Informed Defence,” enabling organisations to streamline their resources towards addressing the most pressing threats. By understanding the dynamic threat landscape, Ensign assists clients in proactively preparing for and mitigating potential cyberattacks, ultimately strengthening their resilience.

“At Ensign InfoSecurity, being your trusted cybersecurity advisor in Asia, we prioritise understanding and preparing for threats with our Threat-Informed Defence strategy, ensuring every part of our service is guided by threat intelligence. This means we start by identifying threats that matter most to the organisation and then tailor their defences to meet those specific challenges.” said Ensign’s Group CEO, Tammie Tham. “By being proactive and strategic in this way, we help organisations strengthen their resilience against potential cyberattacks.”

Ensign’s unwavering belief in the importance of innovation is the key to staying ahead of cyber attackers, has driven significant investments in Research and Development. Since last year, we have successfully developed and enhanced commercially viable solutions to augment any company’s cyber resilience (see the appendix for details). These innovative solutions culminate in a holistic and proprietary tech stack that strengthens the defences of every organisation and ensuring comprehensive protection against the ever-evolving threat landscape.

Our offerings encompass:

· Threat Detection: Cutting-edge threat detection tools and algorithms empower clients to swiftly identify and neutralise threats, minimising potential damage. HELIOS is our AI-powered threat detection engine, combining rule-based and graph-based anomaly detection methodologies to sift through millions of cyber events and identify critical threats with unprecedented accuracy, supported by patented technologies. APOLLO is our post-incident continuous defence and threat-hunting platform to find and defend against potential or returning attackers.

· Incident Response & Recovery: Ensign’s rapid incident response and recovery capabilities ensure organisations can bounce back quickly and effectively after a cyberattack. While traditional approaches may take weeks, ARTEMIS has been proven to identify patient zero accurately within just hours. Our solution can process diverse forensic evidence at speed and scale, using a rule-based and AI-powered approach, and correlated against Ensign’s Threat Intelligence to narrow down the threat actors.

The above is just the tip of the iceberg. Join us at GovWare 2023 from 17th-19th October at Booth J02, Sands Expo Convention Centre, Singapore. Witness firsthand how our patented innovations have translated into a comprehensive suite of robust cybersecurity solutions, safeguarding our clients against the multifaceted cyber threats of the digital age.

About Ensign InfoSecurity

Ensign InfoSecurity is the largest, pure-play end-to-end cybersecurity service provider in Asia. Headquartered in Singapore, Ensign offers bespoke solutions and services to address its clients’ cybersecurity needs. Its core competencies are in the provision of cybersecurity advisory and assurance services, architecture design and systems integration services, and managed security services for advanced threat detection, threat hunting, and incident response. Underpinning these competencies is in-house research and development in cybersecurity. Ensign has two decades of proven track record as a trusted and relevant service provider, serving clients from the public and private sectors in the Asia Pacific region.

Ensign InfoSecurity is ranked 7th in a worldwide survey of MSSPs (Managed Security Services Providers) and was awarded The Cybersecurity Awards 2023 (MNC Vendor) for the second consecutive year.

For more information, visit www.ensigninfosecurity.com or email marketing@ensigninfosecurity.com

APPENDIX

Detection of Advanced Threats with AI-Powered Cyber Analytics

At Ensign, we build bespoke solutions to address customers’ complex and complicated needs, ensuring a seamless security experience amidst the digital complexities. In our innovative pursuits, we introduce two solutions, HELIOS, and APOLLO, which promise to navigate through the cybersecurity landscapes with unmatched precision and expertise.

HELIOS is our AI-powered threat detection engine, combining rule-based and graph-based anomaly detection methodologies to sift through millions of cyber events and identify critical threats with unprecedented accuracy. Embedded with our patented technologies and extensive cybersecurity knowledge, HELIOS not only ensures that our clients are shielded from potential cyber threats but provided with tailored solutions through a modular analytic approach. The solution meticulously scrutinises vast internet data traffic, revealing and addressing the concealed threats in the digital sphere, safeguarding clients against unforeseen cyber-attacks.

APOLLO, on the other hand, is Ensign post-incident continuous defence platform which provides comprehensive coverage of threat detection and response across entire organisations on a proactive and continuous basis. The platform combines anomaly detection with traditional rule-based methodologies to enhance analyst’s’ capability to zero-in on points of interest. APOLLO continuously observes and deciphers a constantly evolving network of cyber relationships, instead of a time series of events. This empowers analysts to swiftly detect and prevent threats before they occur.

In essence, through HELIOS and APOLLO, Ensign ensures that looming threats and concealed malware are swiftly detected and neutralised. Doing so strengthens enterprises against potential cyber infiltrations and establishing a resilient cyber environment for our clients.

Incident Response & Recovery

Every second matters in an incident, and we get our answers faster than others. Artemis is Ensign’s proprietary Digital Forensic and Incident Response platform. It is designed to augment incident responders in investigations, developing key hypothesis, and reviewing systems and configurations to understand complex cyber environments. This scalable investigation method helps us identify threats with speed and with greater accuracy.

While incident responders take weeks to review and analyse logs the traditional way, Ensign Artemis is proven to identify patient zero accurately within just hours. This platform can process diverse forensic evidence at speed and scale, using a rule-based and AI-powered approach, and correlated against Ensign’s Threat Intelligence to narrow down the threat actors.

Our deep understanding of threats combined with a suite of proprietary solutions that detect and respond to advanced threats, establishes Ensign as your trusted cybersecurity advisor, standing beside you in your journey towards cyber resilience.



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sage IT Strengthens Global Presence With a New Office in Australia

SYDNEY, AU, Oct 17, 2023 – (ACN Newswire) – Sage IT, a leader in digital transformation solutions and services, announced its expansion of global reach with a new office in Sydney, Australia.

Sage IT new office in Sydney, Australia - Sage IT strengthens its global presence with a new office in Sydney, Australia
Sage IT new office in Sydney, Australia – Sage IT strengthens its global presence with a new office in Sydney, Australia

The new office represents a significant milestone in Sage IT’s journey towards expanding its global footprint. With a commitment to excellence, Sage IT aims to provide expert services tailored to the distinctive needs of the Australian market, empowering businesses to upgrade their IT systems and adopt emerging technologies.

Sage IT’s Australian business will be led by Mano Lekhwani, a seasoned professional with over 25 years of experience in establishing and managing regional business units for global companies. Mano stated, “We are truly excited to bring Sage IT’s global expertise in digital transformation to Australia. Sage IT’s established practices and partnerships have a proven track record of helping businesses worldwide. Now, these practices are primed to assist regional enterprises in integrating complex systems with confidence, automating processes efficiently, and leveraging innovation to achieve their operational goals.”

Sage IT CEO, Sagar Pelaprolu, expressed his enthusiasm, “Sage IT’s expansion into Sydney reflects our commitment to providing innovative solutions and 24×7 support to our global, as well as local, customers in Australia. The highly developed economy and positive receptiveness to technological improvements makes Australia a thriving hub for technology. Sage IT fits in as an ideal collaborator to partner with Australian enterprises to transform their IT systems using hybrid or multi-cloud solutions, adopt emerging technologies, and innovate using AI as they evolve and be ready to address the digital skills gap. We’re eager to collaborate with local businesses and be a reliable partner of choice in driving digital transformation and innovation.”

Sage IT empowers customers to achieve sustainable business outcomes by enabling them to be agile, scalable, and data-driven in the ever-changing multi-cloud landscape. As a trusted partner, we assist businesses in adopting composable solutions and hyperautomation to drive innovation and adapt to the demands of the modern market.

For more information about Sage IT’s services and solutions, please visit https://sageitinc.com.

About Sage IT: Sage IT, headquartered in the Dallas-Fort Worth area of Texas, USA, is a renowned global leader in digital transformation and process optimization services. With a legacy of over 20 years, we have forged strategic partnerships with top-tier digital technology providers. Our global network of competency centers and a customer-centric approach underscore our commitment to revolutionizing business clockspeeds in the digital age. Serving a diverse range of industries, we empower businesses to excel in today’s technology-driven landscape.

Contact Information

Shishir Vahia, AVP Marketing, marketing@sageitinc.com +1 214-619-2030



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc (Nasdaq: SOPA) Announces Equity Line of up to $40 Million to Invest into Operating Subsidiaries Projected to Go Public in 2024

NEW YORK, Oct 12, 2023 – (ACN Newswire) – Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announced that it entered into a structured financing agreement for an equity line of credit with Strattners FZCO (“Strattners”) to efficiently access capital.

SoPa shall have the right, but not the obligation, to sell to Strattners up to $40,000,000 of SoPa’s common stock at SoPa’s request over the next 36 months, subject to certain limitations. For instance, the amount that may be sold under the agreement will be subject to Instruction I.B.6 to Form S-3, which is referred to as the “baby shelf rules”. When the Company’s public float is less than $75,000,000, it may not sell more than the equivalent of one-third of its public float during any twelve consecutive months pursuant to the baby shelf rules. The shares of the Company’s common stock will be issued at a 6% discount to the lowest volume-weighted average price during the three trading days following the date of the Company’s request.

Raynauld Liang, CEO of SoPa, explained, “By raising this capital from Strattners, without paying large commissions and fees, we will generate shareholder value by efficiently deploying such capital into our operating subsidiaries, such as our spinout candidates, Thoughtful Media Group Inc and NusaTrip Inc.” Mr. Liang continued, “This financing strategy also allows us to opportunistically invest in acquisitions as well as bolster our working capital and shall be used judiciously when market conditions for our common stock are favorable.”

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.6 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator;  Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass  or
Facebook at https://www.facebook.com/thesocietypass  or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

About Thoughtful Media Group Inc.

Founded in 2010, Thoughtful Media Group is the leading digital advertising platform in SEA. Through our network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia and Philippines, we help brands maximise marketing budgets and achieve business objectives through some of the most innovative marketing campaigns in the region.

In July 2022, Society Pass (Nasdaq: SOPA), the next generation acquisition-focused fintech and e-commerce ecosystem in SEA, acquired Thoughtful Media Group Inc. Since then, TMG has fully evolved into a digital-first and fully integrated advertising powerhouse, servicing creators and advertisers in SEA.

For more information on TMG, please visit:
Website at www.thoughtfulmedia.com or
LinkedIn at https://www.linkedin.com/company/thoughtful-media-group-inc or
Instagram at https://www.instagram.com/thoughtfulmedia/ or
Facebook at https://www.facebook.com/thoughtfulmediaasia or
Twitter at https://twitter.com/ThoughtfulMedia.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +650,000 hotels around the world as well as connected with over 80 million unique visitors.

NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem.

For more information on NusaTrip, please visit:
Website at https://www.nusatrip.com.
LinkedIn at https://www.linkedin.com/company/nusatrip/ or
Instagram at https://www.instagram.com/nusatrip/ or
Facebook at https://www.facebook.com/nusatrip.travel or
Twitter at https://twitter.com/nusatrip.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HostDime’s Next-Gen, Tier IV Data Centers Support AI Workloads With Up to 100kW Per Rack

Orlando, FL, Oct 12, 2023 – (ACN Newswire) – HostDime’s Tier IV Data Centers, including their new flagship facility in Orlando, are setting industry design standards that will power the new era of infrastructure needed for artificial intelligence (AI), Machine Learning (ML) technologies, and other high-performance computing (HPC) workloads. These next-gen data centers boast an astonishing power density of up to 100kW per rack, a significant leap from the traditional 3kW to 20kW in legacy data centers.

AI has transcended its status as a buzzword and has quickly become a transformative force across industries. For AI to achieve its potential, it requires massive computational power. Complex neural networks and deep learning algorithms require specialized high-performance hardware, including CPUs, GPUs, and TPUs, optimized for parallel processing, complex modeling, and accelerated training. Suddenly the industry as a whole is rethinking how data centers are designed. A new generation of purpose-built data centers is the only way to power this new wave of hardware infrastructure.

Addressing this need head-on, ahead of the market, is HostDime’s hyper-edge, Tier IV data center design, which is being deployed at the global edge with immediate deployments in Latin America (most recently in Colombia) and at their flagship facility in Florida. HostDime’s leap to up to 100kW signifies a remarkable advancement that directly addresses the energy demands of AI/ML/HPC workloads. This state-of-the-art Orlando data center brings to market much-needed high-power-density inventory while reducing dependency on data center infrastructures in traditional major metro markets that are struggling to keep up with demand. This infrastructure demand is also being seen at the global edge where HostDime will continue to deploy its next-gen, Tier IV design.

HostDime’s modular design incorporates a high watt-per-square-foot density along with supplemental in-row cooling capabilities that work in parallel with direct-to-chip cooling technologies. The design also incorporates precise cooling-efficient cold aisle containment at every data hall. HostDime’s flagship Orlando data center also has designated data halls created specifically for immersive cooling hardware. Immersive cooling is widely becoming a necessity in the new wave of data center build-outs. All these features are at the forefront of HostDime’s data center design.

HostDime’s commitment to building the next generation of purpose-built data centers is embodied by their standard Tier IV design – the pinnacle of reliability. This designation signifies fault tolerance and redundancy at every level, allowing HostDime to offer 100% uptime SLAs. Such data center infrastructure is imperative for supporting critical AI workloads that require uninterrupted availability to perform mission-critical tasks.

As AI continues to reshape businesses as we know it, the role of data centers cannot be overstated. The new Central Florida data center, which will be commissioned in Q1 2024, is poised to meet the skyrocketing demands of the AI revolution. The future is AI-powered, and HostDime’s global edge data centers are the gateway to that future.

About HostDime:

HostDime is a hyper-edge global data center company operating our owned, purpose-built data center facilities in MexicoBrazilColombia, and our flagship facility in Florida, USA, and with owned networks in the UKIndia, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.

We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).

Contact Information

Jared Smith, Director of Marketing, jared.s@hostdime.com 386-341-0855

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Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Global Losses to Scammers Exceed $1 Trillion as 1-in-4 Lose Money to Fraudsters

AMSTERDAM, Oct 10, 2023 – (ACN Newswire) – The latest annual study by the Global Anti-Scam Alliance (GASA) and ScamAdviser paints a devastating picture of the worldwide onslaught of scams, highlighting an urgent need for vigilance and preventative action. The Global State of Scams 2023 Report, which involved 49,459 people from 43 countries, indicates that a substantial 25.5% of world citizens lost money to scams or identity theft in the last 12 months, culminating in financial losses estimated at $1.026 trillion (€974 billion).

 

GASA’s 2023 report, which was supported by academics from the University of Twente, found 69% of those surveyed believe they can identify scams, 59% encountered scams monthly and a remarkable 78% faced scams annually. Phone calls (61%) and SMS messages (58%) are scammers’ primary avenues, with shopping scams, identity theft, and investment fraud topping the list.

Attractive offers are a universal scammer strategy. Developing countries see these as the main enticement, but even in developed nations, many fail to spot the scams. Concerningly, repeat victimization is frequent, with individuals globally targeted on average 1.5 times a year. Kenya and Nigeria report even higher rates.

Reporting hesitancy is pervasive, with 59% avoiding it due to doubts about outcomes and 24% feeling it’s pointless. Perceptions of authority effectiveness vary; while some nations commend their governments, others like Brazil and Thailand voice concerns.

Financially, scams have siphoned off $1.026 trillion globally, equating to 1.05% of the global GDP. Countries such as Kenya, Vietnam, Brazil, and Thailand experience disproportionately high losses. However, the impact isn’t just monetary: 60% of scam victims report significant emotional distress.

The timely release of the report coincides with the imminent Global Anti-Scam Summit (GASS) on October 18-19, 2023. This pivotal gathering sees over 250 international delegates converge on Lisbon from all corners of the globe, joined by over 1,000 online participants. The goal of GASS is to bring governments, consumer & financial authorities, law enforcement, brand protection agencies, and (cybersecurity) companies together to share knowledge and define joint actions to protect consumers from getting scammed. As deliberations define strategies and countermeasures, a crucial opportunity for collective action and the Global State of Scams will undoubtedly be at the heart of many discussions, fostering a collaborative approach to address and curb the spread.

“The escalating crisis of deception in the digital era has transitioned scams from sporadic events to a full-blown international emergency. With entire nations on the brink of being overwhelmed, particularly developing nations, the mandate of the Global Anti-Scam Summit is clear: unite, strategize, and counteract. Should we falter in our concerted efforts, we risk leaving countries and their inhabitants tragically exposed to this menacing deluge,” warned Prof. Jorij Abraham, Managing Director of GASA.

For further details, please refer to the full Global State of Scams 2023 report at https://www.gasa.org/resources.

Contact Information:

Sam Rogers, Marketing Director, Global Anti-Scam Alliance  sam.rogers@gasa.org



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com