Ground Labs’ GLASS Studio — An Intuitive No-code Approach to Customized Data Discovery

Taking Control of Your Data Just Got Easier With GLASS Studio

AUSTIN, Texas, Sept 5, 2023 – (ACN Newswire) — Ground Labs, the leading provider of data discovery solutions, today announces the release of GLASS Studio^TM.

GLASS Studio simplifies the creation and deployment of custom data patterns for Enterprise Recon, Ground Labs’ flagship data discovery and management solution.

Using its guided visual builder and no-code interface, GLASS Studio empowers customers and partners to take advantage of Enterprise Recon’s proprietary GLASS Technology^TM. GLASS Technology enables the rapid, accurate discovery of custom and non-standard data types across on-premise and cloud-based environments and services.

Requiring no coding knowledge, GLASS Studio users can tailor their own data patterns from scratch or modify them from a library of pattern templates. These can be refined with a variety of context rules, checksum validations, boundary rules and exclude/require rules. With its instant test feature, GLASS Studio ensures accurate and error-free customization.

GLASS Studio unlocks the power of Enterprise Recon’s customization features enabling even greater visibility and control of data across the enterprise, whether for compliance, digital transformation or other strategic purpose.

“The release of GLASS Studio marks a new stage for Ground Labs. We are giving customers control of how they search for their own data, allowing them to tailor their data discovery efforts to their own increasingly complex needs,” says Don Kaye, COO and CCO of Ground Labs. “As data protection and privacy regulation mounts around the world, organizations need to be able to discover and protect the growing stores of data quickly, accurately and efficiently.”

GLASS Studio will be generally available from September 5, 2023. Enterprise Recon Pro and Enterprise Recon PII users will be able to take advantage of GLASS Studio’s capabilities from today at no extra cost. For more information, visit www.groundlabs.com, or reach out to info@groundlabs.com.

About Ground Labs

Ground Labs, the leading provider of data discovery solutions, enables organizations to discover, manage and remediate all of their data across multiple types and locations — whether it is stored on-premises or in the cloud. Enterprise Recon serves as the most comprehensive and trusted solution in the enterprise to confidently mitigate risk and find personal, sensitive and confidential data. For more information, please visit www.groundlabs.com.

Media contact:
Anne Harding
The Message Machine Ltd (PR for Ground Labs)
anne@themessagemachine.com

FeedbackFruits and D2L Expand Their Partnership to Help Support Deeper Learning Experiences

AMSTERDAM, Sep 5, 2023 – (ACN Newswire) – FeedbackFruits, an education technology company that provides pedagogical solutions, today shared that it has become a strategic partner in D2L's open learning ecosystem. This can help provide participating D2L Brightspace users with easier access to FeedbackFruits' solutions for active and collaborative learning. The expanded partnership will introduce combined go-to-market opportunities to support a harmonious experience for customers.

The partnership is built on a shared mission of helping institutions create connected teaching and learning ecosystems that nurture meaningful educational experiences and can equip students with the transferable competencies they require to succeed. FeedbackFruits, together with over 100 partners, has co-developed a tool suite of 15 solutions that fully integrate into D2L Brightspace through LTI 1.3 and API integrations, adding a seamless pedagogical layer to the Learning Management System (LMS). As part of the partnership, D2L customers will have a selection of three FeedbackFruits solutions for Brightspace; Peer Feedback, Social Annotation, and Team-Based Learning & Polling, or can also implement the entire FeedbackFruits tool suite for a full transformation.

The FeedbackFruits tool suite has been adopted at institutions using D2L Brightspace throughout the world, such as Central State University, Victoria University, and Queen's University. The expanded partnership can help support high-quality education with a robust, flexible, and connected learning ecosystem.

"We are excited to expand our partnership with FeedbackFruits," said Katie Bradford, VP of Product Partnerships at D2L. "At D2L, we believe in the power of partnership to support the delivery of solutions that can help transform the way the world learns."

Ewoud de Kok, CEO and Founder of FeedbackFruits, emphasized the importance of educational technology companies working together: "To meet the needs of educators and learners, the edtech landscape needs to be led by collaboration. I'm very proud that the partnership with D2L allows us to make teaching and learning easier and more impactful for higher education institutions."

About D2L

D2L is transforming the way the world learns-helping learners of all ages achieve more than they dreamed possible. Working closely with clients all over the world, D2L is supporting millions of people learning online and in person. Our growing global workforce is dedicated to making the best learning products to leave the world better than they found it. Learn more about D2L for K-12, higher education and businesses at www.D2L.com.

(c) 2023 D2L Corporation.

The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L EU B.V., D2L Asia Pte Ltd and D2L Brasil Solucoes de Tecnologia para Educacao Ltda.

All D2L marks are trademarks of D2L Corporation. Please visit D2L.com/trademarks for a list of D2L marks.

Contact Information
Irmak Ozgenoglu
Marketing Manager
irmak@feedbackfruits.com

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

With net Income attributable to shareholders doubling, Huitongda Network (09878) delivered impressive results

HONG KONG, Aug 31, 2023 – (ACN Newswire) – Huitongda Network (09878), the industrial Internet platform deeply engaged in the lower-tier market, once again proved its resilience and profitability through its interim report, showing significant boosts in both revenue and profit.

On August 28th, Huitongda Network released its 2023 interim results announcement. According to the financial data, in the first half of 2023 amid the tough environment, the company recorded a total revenue of RMB 43.4billion, representing a year-on-year growth of 6.6%; profit reached 383 million, representing a year-on-year increase of 68%; net profit attributable to equity shareholders of the company amounted to RMB 245 million, making a noteworthy year-on-year increase of 118%, and the overall performance continued to grow steadily. In addition, the company effectively maintain positive operating cash flow. During the reporting period, the company had a net inflow of operating cash for five consecutive years.

According to Zhitong Finance APP, although the overall economic has been on a path of recovery since the beginning of this year, it has still faced significant pressure and the persistent challenges in terms of insufficient demand. From the look of compound growth rates and month-to-month indicators, the current economic recovery has slowed down slightly. However, the core financial data of Huitongda Network achieved growth against the trend, which further solidifies its reputation as the "first stock in the lower-tier market".

Adversity often serves as a litmus test for a company's true value, and now presents an opportune time for investors to identify high-quality stocks. Despite the sluggish economy, the company has demonstrated remarkable resilient growth and emerged as a market leader, which obviously highlights the high adaptability and leading role of the "Huitongda Model" within the lower-tier retail market.

Improvement from both quantity and quality pushes high-quality development, with SaaS+ service continuing to be upgraded

In recent years, the rapid and immense potential of rural consumption in China have come to the forefront. The scale of rural consumption has expanded significantly, accompanied by a noticeable shift towards development-oriented, quality-based consumption patterns among rural residents. With the increase of market demand in the first half of this year, Huitongda Network's SaaS+ business has been further implemented via its online and offline integrated services penetrating the lower-tier market through various forms. The company insists on empowering township family-owned retail stores with digital technology and supply chain capability, promoting the digital transformation of member retail stores and upgrading them to digital retail entities, in order to improve their ability of managing products, retaining customers, scaling up the business, and thus to successfully expand Huitongda's member store network.

In the first half of this year, various indicators of Huitongda Network's member retail stores have achieved steady growth. During the reporting period, the number of registered member retail stores of Huitongda exceeded 217,000, with a year-on-year increase of 13%. Meanwhile, the company accumulated 121,000 SaaS+ subscription users, representing a year-on-year increase of 9%, and 37,000 paid SaaS+ users, representing a year-on-year increase of 37%. The loyalty of member retail stores continued to improve, with the renewal rate of SaaS reaching 68% and customer satisfaction exceeding 95%.

As Huitongda's business network expands, the level of loyalty and engagement among its member retail stores has shown a consistent upward trend, indicating that its services have been recognized and valued by an expanding number of rural stores. Since the beginning of this year, aiming to better serve the market, Huitongda Network has carried out a comprehensive upgrade around the SaaS+ products of the membership store system.

Zhitong Finance APP learned that Huitongda Network has provided the "5-cloud" service platform of e-commerce cloud, retail cloud, data cloud, distribution cloud, and service cloud, allowing more external developers and industry practitioners to develop technology tools with rich features for member stores. In the meantime, Huitongda also officially released AI+ scenarios to better serve member stores, supply chain partners, and upstream manufacturers.

It is worth noting that the company recently released the first AI product – "Qiancheng Digital Human", which means that the digital intelligence transformation of the lower-tier market has entered a stage of real practice.

Therefore, benefiting from the launch of Huitongda Network's first batch of product portfolios of Smart Shopping Guide AI, Smart Marketing AI, and Digital Human, the company further improved the level of intelligence to provide member retail stores on commodity transactions, e-commerce operations, marketing, and store management, which also exploits the company's potential in AI.

With further optimization of Huitongda's internal SaaS capabilities, its service level has been positively improving, driving the company's operating results to reach new heights.

Take Yuanqiang Home Appliances Store in Wenshang County, Shandong Province for example. During the 618 period, it successfully transformed its business model into a combination of online and offline with the support of SaaS+ tools and fan communities. This member store listed limited-time offers through the "Qiancheng Shopkeeper" app and Huixianggou shared them with the fan community, which thereby attracting traffic to the store to promote transactions. Meanwhile, it also found three agents to make better publicity for the owner of the member store, and hence further boosted the sales and profits. The sales of one single event in this store reached as high as RMB 184,000, and the number of followers increased by nearly 100.

From the above case, with the further upgrading of Huitongda's multiple products and services, traditional retail stores have been successfully transformed into digital retail entities, a combination of physical store, online store, and local community store. They no longer needed to wait for customers to come to the door, instead they can acquire customer precisely and attract traffic efficiently. This creates a win-win situation for all three parties – the industry, member retail stores and rural consumers.

More and more brands have chosen Huitongda for its value of industrial end services

As the other end of Huitongda Network's "Two Ends, One Road" strategy, the company's trading business has also achieved sustainable development through strengthening advantages, category expansion, and new model creation. For a long time, the company has been focusing on member retail stores, innovating a variety of supply chain models that effectively serve upstream brand manufacturers and supply chain partners.

In the first half of this year, Huitongda Network continued to strengthen strategic cooperation with brand manufacturers, connecting with more than 1,000 high-quality upstream brand manufacturers and the proportion of supply from the headquarters continued to increase to 55%.

It is worth mentioning that Huitongda Network has accelerated its deployment in the laundry industry this year. So far, the company has cooperated with 14 brand manufacturers such as Unilever. Huitongda's breakthrough in the laundry industry has helped the brands jointly operate the lower-tier market, while simultaneously increasing the company's gross profit margin and achieving a win-win situation for all parties.

In addition, aligning with the national policies and industry trends, Huitongda Network integrated the unique attributes of agricultural industry and vehicles and auto parts merchandise industry. This strategic move resulted in the simultaneous promotion of two impactful projects – the agricultural project of "down go agricultural resources, up go agricultural products" and vehicles and auto parts merchandise project of "new energy vehicles in rural areas + battery recycling". This not only allows rural consumers to make cost-effective purchases, but also boosts the income potential of farming households, enabling them to maximize their earnings through improved sales oppportunites.

With the goal of reducing cost and increasing the efficiency, Huitongda Network uses digital capability of its platform and the entire industry chain, based on the actual needs of the supply and demand ends, constantly innovates and explores the supply chain model to integrate production and marketing. Zhitong Finance APP noticed that Huitongda continued to promote the B2F construction of upstream brand factories while exploring opportunities for cooperation with more high-quality upstream leading brand manufacturers.

In the first half of this year, Huitongda Network continued to promote the B2F inverted supply chain, covering multiple industries such as agricultural means of production, household appliances, vehicles and auto parts merchandise.

Corporate mission supports national policies; capital value synchronizes with social value

Under the lead of the "Huitongda Model", in the first half of this year, the performance of Huitongda Network has achieved improving quality and stabilizing growth. In the meantime, the company also continues to practice its corporate mission of making peasant's lives better, take corporate social responsibilities, create corporate social value, and thus combine the corporate mission with central policies by assisting in promoting the development of digitalizing rural areas.

Zhitong Finance APP noticed that Huitongda Network has established cooperation with multiple local governments and departments, focusing on the construction of commercial system in country areas, e-commerce into rural demonstration counties, Internet + agricultural products out of the village project, etc. Such government-enterprise cooperation can achieve a win-win situation through shared resources and complementary advantages, which pushes high-quality development of both urban and rural revitalization.

Moreover, the corporate value of Huitongda Network has also been recognized by the government, industry, and investors. The National Development and Reform Commission of China publicly "liked" Huitongda this June, recognizing it for taking root in the rural market and helping the small and micro real economy. Also, the company is a key software enterprise encouraged by the State, a national high-tech enterprise, a digital business enterprise, and a national model enterprise for supply chain innovation and application.

Summary

Through a comprehensive analysis of Huitongda's financial report, we found that under the dual-driver mode of "transaction business + service business", the company has successfully built an urban-rural circulation "highway" connecting the industrial end and the retail end. This not only stimulates rural vitality, but also promotes the value of member retail stores in the lower-tier market.

Amidst a challenging economic landscape,Huitongda Network becomes one of the few companies in the industry that maintains solid growth with multiple advantages such as unique business model, strong member store network and excellent supply chain management capability, which undoubtedly highlights its investment value.

Furthermore, in order to demonstrate confidence in the company's future development and recognition of the company value, Huitongda Network actively promoted an equity incentive plan during the reporting period. According to the announcement, on April 6 this year, the company granted 4.8425 million H shares to 494 selected employees. The grantees are subject to the main unlocking condition of no less than 30% year on-year increase in net profits attributable to equity shareholders of the company every year. Zhitong Finance APP believes the launch of the equity incentive plan would highly bind the interests of employees, the company and shareholders, which would help the Group further improve the efficiency of the core team, maintain the stability of the core team, and provide guarantee for the company to achieve its medium and long-term performance goals. As of July 28, 2023, the trustee of the company had purchased 574,500 H Shares on the market.

Taking a comprehensive view of various factors such as Huitongda Network's sustained performance growth, strategic development trajectory, untapped future growth potential, and evolving market demand, we expect Huitongda Network to benefit from the digitalization of rural areas for a long period of time, and to have a higher valuation premium in the medium and long-term development.

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

NinjaOne Delivers Automation Innovations to its Cloud-Native IT Management Platform with its Summer 2023 Release

AUSTIN, TX, Aug 30, 2023 – (ACN Newswire) – NinjaOne, a modern, cloud-native IT management platform for managed service providers (MSPs) and IT departments, today announced the company is advancing its platform with new automation capabilities as well as providing more visibility into over five million devices used by its customers worldwide.

NinjaOne's Summer 2023 release is based on feedback from thousands of customers who provide support to in-office and remote workforces with the NinjaOne platform. In response, the company delivered major updates across its platform, including significant improvements to increase productivity, reduce errors and improve operational efficiencies for IT managers on the front lines.

Modern IT environments have become increasingly complex as traditional models of working have changed and organizations continue to support remote and hybrid work. NinjaOne's unified platform is uniquely positioned to extend IT's range of operations to all devices and users no matter where they are.

The latest release includes over 30 new features and major product enhancements, such as improved visibility into patching status and endpoint health, a new way to see and report on device information and much more. In addition, customers now have access to more powerful automation capabilities that enable build once/deploy broadly capabilities, allowing customers to automate their IT operations to sustain business performance.

"Our customers continue to serve as the driving force behind our innovations as we deliver new platform advancements that are a direct result of customer feedback," said NinjaOne CTO Robert Gibbons. "With our investments in new automation and visibility capabilities, everything we design and enhance is centered around delivering a seamless customer experience."

"We're huge fans of NinjaOne's patching capabilities and zero-touch patch automation was one of the main reasons we decided to take a closer look at the platform because it's such a time-saver for our team," said Kyle Thompson, Manager of Global Infrastructure Operations at Patra Corporation, a leading provider of IT services for the insurance industry. "The new patching dashboard makes our jobs even easier because now we have clear visibility into OS patch status for all of our endpoints – Windows, macOS and Linux – and we constantly leverage this information to make faster, more informed decisions to maintain a strong security posture."

"NinjaOne's new device search grid allows me to track all device data by easily filtering, adding or arranging device information I need to see on any group of devices at a glance," said Robert Thaller, President, Net-Flow Corporation. "It's a dramatic improvement that makes managing multiple devices effortless while improving operational efficiencies."

This release brings automation advancements that include:

NinjaOne's Software Package Repository – A powerful automation tool that allows technicians to bundle all the actions, helper files and elements needed to run complex software installation workflows into one neat package. These packages can be stored in the Automation Library and easily run anywhere, anytime IT managers need to install software.

Dynamic Script Forms – Allows technicians to insert parameters into a script via a form, making it easy to customize script outcomes without touching the script code. As a result, automated scripts are more reusable, dynamic and easier for front-line staff to deploy.

New visibility features include:

Patch Management Dashboard – Now available worldwide to NinjaOne customers, the dashboard offers a panoramic view of the status of all device patches that are scheduled, running, pending, failed and completed to help IT stay on top of all patching activities.

Device Search Grid – Allows technicians to add and arrange rich device information to easily track all relevant device data in a common search grid. Filters provide a more customized view and allow users to create very granular and targeted lists of endpoints that can be actioned or exported as a report.

Policies by Location – This new feature provides an additional level of granularity and control over how endpoints are managed based on their location. As a result, the need to apply policy overrides at the individual device policy level is reduced, leading to increased productivity and saved time.

For a complete list of all the new features, please visit https://www.ninjaone.com/blog/summer-2023-release/.

About NinjaOne

NinjaOne is a leading unified IT management solution that simplifies the way IT teams work. With NinjaOne, MSPs and IT departments can automate, manage, and remediate all their endpoint management tasks within one fast, modern, intuitive platform, improving technician efficiency and user satisfaction. NinjaOne is consistently ranked #1 for its world-class customer support and has been recognized as the best-rated software in its category on G2 and Gartner Digital Markets for the past three years. For more information, or to start a free trial, visit www.ninjaone.com.

Media contact:
Deidre Hart
732.407.1062
deidre@guyergroup.com

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

SafeSmart Leads the Way with Innovative Crowd Control Barrier: A New Standard in Safety and Durability

SYDNEY, AU, Aug 28, 2023 – (ACN Newswire) – SafeSmart, a leading provider of temporary works solutions in the building and civil infrastructure industries, is proud to announce the launch of its new heavy-duty Crowd Control Barrier. This innovative product is designed to meet the revised Australian Standard AS4687.2: 2022, addressing a long-standing issue with the durability and compliance of barriers in the market.

Over the years, SafeSmart Access has identified a recurring challenge among major contractors: the lack of suitable Crowd Control Barriers that can withstand impacts and meet durability requirements for lasting re-use. Although not initially a priority, the release of the revised AS4687 standard in 2022 prompted SafeSmart to take action.

Joseph Lo Presti, Engineering Manager at SafeSmart, highlighted the importance of the 2022 revision to the AS4687 standard: "The 2022 update to the AS4687 standard, temporary fencing and hoardings, has really made things clearer, especially when it comes to wind actions and Temporary Pedestrian Barriers. What's great is that Part 2 (AS4687.2) fills in a gap that was left by the 2007 edition, and that's been a big help in creating our new compliant Crowd Control Barrier."

Addressing a Market Gap

The revision of AS4687 introduced specific stability tests for barriers, leading SafeSmart to conduct a market analysis of available products. The findings were alarming: most barriers available did not comply with the stability requirements of the new standard.

In response, SafeSmart's Engineering Department, in collaboration with Tier 1 contractors in the Building, Civil Construction, and Events space, developed the SafeSmart Crowd Control Barrier. Not only does this product comply with the relevant stability requirements, but it also offers unparalleled durability and sturdiness.

Reflecting on the challenges faced by clients, Alf Dartnall, SafeSmart General Manager, observed, "We've heard the market's concerns, and we've addressed them. Our new crowd control barriers are designed to handle a specific impact load right at the barrier's midpoint. Not only that, we've ensured that the material specifications and design of the SafeSmart Crowd Control barriers meets with the increased durability requirements that our customers have been asking for. It's all about safety and making sure the market has an option in line with the new standard."

Features and Benefits

SafeSmart has now completed manufacturing and testing of their crowd control barriers, with features and benefits such as:

– Compliance with AS4687: 2022: Meets the newly specified stability test requirements.
– Enhanced Durability: More robust and long-lasting than other barriers in the market.
– Visual Aid: The 'SafeSmart Red' powder-coated finish aids in pedestrian delineation.
– Heavy-duty: The design is built for stability with a weight of 18.8kg.

A Commitment to Safety and Efficiency

SafeSmart is dedicated to listening, understanding pain points, and providing solutions that enhance safety, compliance, and efficiency. The new Crowd Control Barrier is a testament to this commitment, reflecting the major changes in the 2022 edition of AS4687, including additional guidance for wind actions, elaboration of test methods, and clear guidance on the design, installation, and testing of Temporary Pedestrian Barriers.

The Crowd Control Barriers are prepared to go out to major projects across Australia.

Health and safety managers and engineers have consistently praised SafeSmart's compliant solution for temporary fencing, reflecting a high level of satisfaction with the product.

Contact SafeSmart Today

If safety, compliance, and de-risking your operations are of interest to you, talk to SafeSmart today. We're here to provide solutions tailored to your needs.

For more information, visit www.safesmartaccess.com.au or contact:

Alf Dartnall, General Manager
Robbie Ooi, Media
Phone: (02) 8844 4500
Email: sales@safesmartaccess.com.au

About SafeSmart:

SafeSmart is a leading provider of innovative height access and edge protection solutions. Committed to safety and compliance, we offer comprehensive products tailored to meet the needs of various industries.

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

Reviving Success: IGG’s Monthly Gross Billing Surpassed HK$500 Million; New Era of Profitability: Rapid Growth of New Games and APP Business Propel IGG Forward

HONG KONG, Aug 24, 2023 – (ACN Newswire) – IGG Inc ("IGG" or the "Group", stock code: 799.HK), a leading global developer and publisher of mobile games and applications, announces its unaudited consolidated interim results for the six months ended 30 June 2023.

2023 Interim Financial Highlights and 2H23 Outlook of IGG Inc:

— For the first half of 2023, "Lords Mobile", IGG's flagship title launched seven years ago, continued to generate stable revenue, contributing over HK$1.6 billion. Meanwhile, the Group's two blockbuster strategy games, "Doomsday: Last Survivors" and "Viking Rise", each exceeded HK$70 million in monthly gross billing. The gross billing of "Doomsday: Last Survivors" has been rising steadily, with monthly gross billing in July reaching a new high of HK$82 million. At the same time, the Group's APP Business(1) is experiencing rapid growth, with monthly gross billing surging from over HK$12 million at the start of the year to more than HK$57 million in June, followed by a remarkable jump to HK$63 million in July. The two new games and the APP Business contributed 35% to the Group's total revenue in the second quarter of 2023. This helped the Group achieve a year-on-year increase in revenue to HK$2.5 billion in the first half of 2023, and a 19% growth compared to the second half of 2022. The Group resumed generating profits in June and its monthly gross billing rebounded to HK$500 million in July. Its game and APP Business are working in tandem to power the company ahead, ushering in a new chapter for IGG.

— Through the persistent optimization of resources and strategic application of AIGC(2) technology, the Group has achieved a 30% reduction, year-on-year, in research and development and administrative expenses in the first half of 2023. During the period, the Group launched marketing campaigns for "Doomsday: Last Survivors" and "Viking Rise". Despite HK$360 million in net losses for IGG's core business, the investment in new games was essential for the Group's sustained growth and long-term success, and the Group has reported profit in June 2023. As for investments, the Group has stepped into profitability as part of its investment projects gradually enter the profit-making phase and its impairment losses decreased significantly. As a result, the Group recorded a net loss of HK$360 million during the period. Looking ahead, with the growth of the two new games and the APP Business, the Group is confident in its ability to maintain solid financial performance.

After investing for years in game development, the Group's two highly rated strategy games, "Doomsday: Last Survivors" and "Viking Rise", each generated monthly gross billing in excess of HK$70 million in the first half of 2023. "Lords Mobile", IGG's flagship title launched seven years ago, continued to generate stable revenue, contributing over HK$1.6 billion in the first half of 2023. After a decade of perseverance, the APP Business finally hit its stride this year, with monthly gross billing surging from over HK$12 million at the beginning of the year to more than HK$57 million in June. The combined revenue from the two new games and APP Business in the second quarter of 2023 accounted for 35% of the Group's total revenue, propelling IGG's revenue to a year-on-year increase and a 19% half-on-half growth to HK$2.5 billion. The Group resumed generating profits in June and its monthly gross billing rebounded to HK$500 million in July. Its game and APP Business are working in tandem to power the company ahead, ushering in a new chapter for IGG. During the period, revenue from Asia, Europe and North America accounted for 44%, 26% and 25%, respectively, of the Group's total revenue.

Through the persistent optimization of resources and strategic application of AIGC technology, the Group has achieved a 30% reduction, year-on-year, in research and development and administrative expenses in the first half of 2023. During the period, the Group launched marketing campaigns for "Doomsday: Last Survivors" and "Viking Rise". Despite HK$360 million in net losses for IGG's core business, the investment in new games was essential for the Group's sustained growth and long-term success, and the Group has reported profit in June 2023. As for investments, the Group has stepped into profitability as part of its investment projects gradually enter the profit-making phase and its impairment losses decreased significantly. As a result, the Group recorded a net loss of HK$360 million during the period. As at 30 June 2023, the Group's mobile games were available in 23 different languages worldwide, with over 1.6 billion users in total and over 38 million monthly active users ("MAU")(3) across more than 200 countries and regions.

"Lords Mobile", IGG's blockbuster title, is the Group's first cross-platform, multi-language, real-time game designed for global gamers. The game has been well-received by gamers since its launch in 2016 and continues to generate stable revenue of over HK$1.6 billion for the Group in the first half of 2023. As at 30 June 2023, it has 640 million registered users worldwide and nearly 10 million MAU. IGG will continue to release new game content and diversified promotional initiatives to extend the game's longevity.

Drawing on over a decade of experience and expertise in the strategy games genre, the Group developed two highly rated strategy games – "Doomsday: Last Survivors" and "Viking Rise". After more than a year of refinement and optimization since its launch in 2021, "Doomsday: Last Survivors" has become a favourite for 22 million gamers with its distinctive post-apocalyptic survival theme, deep integration of "real-time" and "strategy" gameplay, and unique art style. Following a marketing campaign that started in March this year, the game's monthly gross billing reached HK$82 million in July. The Group will soon introduce a new survival competition gameplay in guild battle that will let players experience the fun of real-time team formation and battles between guilds in the game.

"Viking Rise", the other highly rated strategy game, demonstrated huge potential during its beta testing. A Viking-themed game that perfectly combines strategy gameplay with intricate community management, "Viking Rise" received global recommendations from Apple and Google on its launch, and quickly rose to the top of the strategy games download charts in over 60 countries and regions worldwide(4) . After a marketing campaign starting mid-April, the gross billing for May exceeded HK$70 million. "Viking Rise" has released a long-awaited cross-server battle feature, "Kingdom Mayhem". The game will soon introduce a new innovative cross-server guild war feature, "Battle of the Ruins", offering players a diverse range of battle experience.

After a decade of perseverance, the APP Business finally hit its stride this year, with monthly gross billing surging from over HK$12 million at the start of the year to more than HK$57 million in June, followed by a remarkable jump to HK$63 million in July. As at 30 June 2023, it has over 300 million registered users worldwide and nearly 20 million MAU. The Group is committed to ongoing promotion and diversification of its product portfolio, leveraging the synergies of platform-based business model to take the APP Business to the next level.

The rise of AIGC technology is transforming many industries, including the mobile Internet sector, and is rapidly becoming a dominant trend. IGG took a proactive approach in embracing AIGC technology and fully applied it to both product development and operations. The use of AIGC in language translation, art production, and customer service has significantly improved the efficiency of the Group's product development and operations, resulting in cost savings and increased productivity.

Looking ahead, with the steady growth of the two new games and the APP Business, the Group is confident in its ability to maintain solid financial performance. Embracing the corporate spirit of "Innovators at Work, Gamers at Heart", the Group will continue to strengthen its global R&D and operation capabilities, to relentlessly pursue its strategy of quality, innovation and excellence in creating innovative yet timeless games.

About IGG Inc
Established in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Turkiye, Italy and Spain. IGG offers multi-language and multifarious games to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG's most popular games include "Lords Mobile", "Castle Clash", "Doomsday: Last Survivors", "Viking Rise", and "Time Princess".

(1) APP Business: the Group's application and mobile advertisement mediation platform business
(2) AIGC: Artificial Intelligence Generated Content
(3) The Group's users in total and monthly active users include users of mobile games and apps.
(4) Source of ranking data: third-party analytics platform, data.ai.

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

Navigating Threats in Indonesia: Insights from the 4th Largest Internet User

JAKARTA, Aug 23, 2023 – (ACN Newswire) – The CISO Indonesia 2023 conference is set to bring together the nation's leading minds in information security for a comprehensive exploration of cutting-edge cybersecurity strategies.

Hosted at the prestigious Pullman Jakarta Indonesia, this event promises to delve into the dynamic landscape of cybersecurity, providing insights and solutions to fortify organizations against evolving threats and drive growth through secure digital transformation.

This year's CISO Indonesia event caters to Chief Information Security Officers (CISOs), Directors, Heads, Managers of Information Security, and practitioners hailing from diverse sectors across Indonesia.

By fostering a collaborative environment, the conference aims to share knowledge, best practices, and forward-looking insights to shape the future of information security.

Key Themes and Takeaways

Emerging Cyber Threats and Vulnerabilities:

With a specific focus on the Indonesian and global cyber threat landscape, CISO Indonesia 2023 will delve into the latest trends in cyberattacks. From ransomware to phishing, and advanced persistent threats (APTs), delegates will gain crucial insights into safeguarding their organizations against these ever-evolving risks.

Securing Digital Transformation:

In a world of rapid digital transformation, the adoption of emerging technologies such as cloud computing, Internet of Things (IoT), and artificial intelligence (AI) presents exciting opportunities alongside significant security challenges. Attendees will explore strategies to navigate this complex landscape, ensuring that innovation is accompanied by robust cybersecurity measures.

Data Privacy and Compliance:

As data protection laws and regulations gain prominence in Indonesia, the conference will spotlight the growing importance of data privacy and compliance. Delegates will engage in discussions around the Personal Data Protection Act, cross-border data transfers, privacy by design, and effective management of data breaches.

Building Resilient Cybersecurity Strategies:

A cornerstone of the event, this theme will equip participants with strategies and frameworks for building robust cybersecurity programs. From developing comprehensive cybersecurity strategies to establishing effective incident response capabilities, fostering a culture of security awareness, and aligning security with overarching business goals, attendees will leave with actionable insights to elevate their security posture.

CISO Indonesia 2023 promises to be a landmark event, uniting professionals, experts, and thought leaders in a collaborative pursuit of enhanced information security. This unique platform will spark meaningful conversations, encourage networking, and facilitate the exchange of ideas that will shape the future of cybersecurity in Indonesia.

About Corinium Global Intelligence

Corinium connects C-Suite executives in the Data, Analytics and InfoSec space and focus them into Discussion Groups where genuine progress can be made. Each group is dedicated to the topic of greatest importance to you and includes the most knowledgeable people on the subject.

For registration and more information, visit the official conference website: https://ciso-id.coriniumintelligence.com/

Or contact: info@coriniumintel.com

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

Graid Technology Announces SupremeRAID(TM) Software Version 1.5, Delivering Unmatched Performance for NVMe Users

SANTA CLARA, CA, Aug 22, 2023 – (ACN Newswire) – Graid Technology Inc., the award-winning data protection provider and developer of the only RAID card to offer customers access to the full performance of NVMe SSDs, today announced its new software release (v1.5) for the SupremeRAID(TM) SR-1010 and SR-1000 offerings. Leveraging the power of PCIe Gen 5, SupremeRAID(TM) affords customers the performance advantage of higher bandwidth infrastructure at various RAID levels per the chart below:

SupremeRAID(TM) Release v1.5 (Traditional Hardware RAID)
4K Random Read 28 M IOPS – 4x better performance (6.9 M IOPS)
4K Random Write 2 M IOPS – 3x better performance (651 k IOPS)
1M Sequential Read 260 GBps – 9x better performance (28.2 GBps)
1M Sequential Write 100 GBps – 9.6x better performance (10.4 GBps)

Along with the tremendous performance enhancements, SupremeRAID(TM) v1.5 adds additional features including increased Drive Group support from 4 to 8, enhanced Random I/O performance for AMD platforms, and support for Oracle Linux. Today, SupremeRAID(TM) v1.5 supports Linux, with similar functionality and increased performance for Windows Server available later this year.

"Gone are the days of I/O bottlenecks. We are extremely excited to be bringing SupremeRAID(TM) v1.5 for Linux to the market. Customers investing in NVMe along with PCIe Gen 5 infrastructure will experience unparalleled performance when deploying SupremeRAID(TM) to protect their data, giving customers the perfect platform for AI/ML, IoT, video processing, and other performance-hungry business applications," said Leander Yu, President and CEO of Graid Technology.

The release of SupremeRAID(TM) v1.5 continues to set Graid Technology apart from both software and hardware RAID options across the data protection market. Both the patented out-of-path data flow and new Intelligent Parity data reduction technology securely position customers with a competitive advantage in their respective markets.

SupremeRAID(TM) software release v1.5 will be available to all Graid Technology customers, regardless of channel, as a free upgrade. As Graid Technology continues to expand its global OEM, distribution, and integration partnerships, the company remains committed to working with customers and partners to explore options for additional functionality in future product and software enhancements.

Benchmark Environment:
Hardware Spec:
Server: Supermicro AS-2125HS-TNR
CPU: AMD EPYC 9654 96-Core Processor x 2
Memory: Samsung M321R2GA3BB6-CQKVS DDR5 16GB x 24
SSD: Kioxia CM7 KCMY1RUG3T84 x 24
RAID Controller: SR-1010 x 1

Software Environment:
OS: Ubuntu 20.04.4 LTS
Kernel: 5.4.0-155-generic
Benchmarking tool: fio-3.16
SupremeRAID Driver version: 1.5.0

About Graid Technology Inc.

Headquartered in Silicon Valley, California, with an R&D center in Taipei, Taiwan, our leadership is composed of a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries. Graid Technology Inc. has developed the world's only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance without sacrificing system integrity or security. Visit our website or connect with us on Twitter or LinkedIn.

Contact Information
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

Related Files
SupremeRAID SR-1010 Brochure and Specs_Aug 2023.pdf https://pr.report/4AjHuM3s
SupremeRAID SR-1000 Brochure and Specs_Aug 2023.pdf https://pr.report/7Hr5cCqG

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

Kingsoft Announces 2023 Interim and Second Quarter Results

HONG KONG, Aug 22, 2023 – (ACN Newswire) – Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2023 interim results and its second quarter results for the period ended 30 June 2023.

For the first half of 2023, the revenue of Kingsoft increased 13% year-on-year to RMB4,163.8 million. Revenue from office software and services business increased 21% year-on-year to RMB2,172.5 million. Revenue from online games and others increased 5% year-on-year to RMB1,991.3 million. Revenue from office software and services and online games and others represented 52% and 48%, respectively, of total revenue for the first half of 2023. Gross profit for the first half of 2023 increased 16% year-on-year to RMB3,457.2 million, while operating profit increased 24% year-on-year to RMB1,136.0 million.

For the second quarter of 2023, the Company's revenue increased 20% year-on-year to RMB2,193.5 million. Revenue from office software and services business increased 21% year-on-year to RMB1,120.8 million. Revenue from online games and others business increased 18% year-on-year to RMB1,072.6 million. Revenue from office software and services and online games and others represented 51% and 49%, respectively, of total revenue for the second quarter of 2023. Gross profit for the second quarter of 2023 increased 25% year-on-year to RMB1,831.8 million, while operating profit increased 61% year-on-year to RMB675.7 million.

Mr. Jun LEI, Chairman of the Company, commented, "Our core businesses achieved robust growth in the second quarter of 2023. Kingsoft Office Group has seized emerging opportunities brought about by large language models ("LLMs"), actively engages in product development within this field to enhance users' work efficiency. Meanwhile, the Group addresses the digital transformation needs of organizational users, aligning with the 'multi-screen, cloud, content, artificial intelligence ("AI"), collaboration' strategy, presenting solid growth in its business performance. Online games business focuses on developing premium games. Flagship JX Online III continued to enjoy popularity among players and achieved record-high quarterly gross billings. Anime game Snowbreak: Containment Zone expanded our user base and tapped into international markets, showcasing our determination to explore new game genres and global markets. The steady progress of our core businesses provides a solid foundation for the execution of our strategy."

Mr. Tao ZOU, Chief Executive Officer of the Company, added, "The Group achieved strong revenue growth in the second quarter, reaching RMB2,193.5 million, marking a year-on-year increase of 20%. This growth was primarily driven by the exceptional performance of the JX Online III and sustainable growth in subscription businesses of both individuals and institutions from Kingsoft Office Group. Operating profit amounted to RMB675.7 million, exhibiting a year-on-year growth of 61%. These achievements reflected our continuous efforts to enhance core competitiveness, getting well prepared to seize new opportunities."

BUSINESS REVIEW

Office Software and Services
For the first half of 2023, revenue from office software and services business increased 21% year-on-year to RMB2,172.5 million. Revenue in the second quarter increased 21% year-on-year to RMB1,120.8 million. Kingsoft Office Group embraces the opportunities brought about by AI and introduced WPS AI, an intelligent office assistant based on LLMs, initiated its Open Beta overseas. The Group unveiled the spring version of WPS Office, enhancing product capabilities, and providing seamless cloud integration experience.

In individual subscription business, Kingsoft Office Group took comprehensive steps towards improving user experience. While adhering to a long-term membership strategy, we merged functional and resource-based memberships, upgrading the membership benefits structure, and offered tailored benefits for specific needs.

Related to institutional subscription business, Kingsoft Office Group continued promoting cloud integration and collaborative office progress and delving into business scenarios for government and enterprises. The Group deepened product capabilities to serve industries such as finance, energy, publishing, healthcare, and high-end manufacturing. This involved incubating secure and efficient industry-specific solutions, aiming at enhancing organizational efficiency for institutions. We consistently expanded our ecosystem, and jointly built digital office application scenarios with partners.

Kingsoft Office Group has closely monitored the localization industry policy changes and customer demand, and taken the initiative to tap local government and industry localization markets in advance. In terms of overseas business, based on a solid foundation in the mobile sector, we continued to cultivate our user base on desktop platforms. Looking ahead, Kingsoft Office Group will uphold the service concept of "user first" and "relentless innovation", ensuring that more users can easily enjoy the benefits of intelligent office solutions.

Online Games and Others
In the first half of 2023, revenue from online games and others increased 5% year-on-year to RMB1,991.3 million, and revenue for the second quarter of 2023 increased by 18% year-on-year to RMB1,072.6 million. Our online gaming business demonstrated outstanding performance over the quarter, reflecting our ability to sustain premium games' longevity. This success reflected in the increase in daily active users and gross billings of JX Online III. We have remained committed to enhancing the content and players experience of JX Online III, resulting in positive response. Self-developed game, Snowbreak: Containment Zone, combining shooting gameplay and anime aesthetics, provided users with fresh and innovative gaming experience. This game was simultaneously launched on both PC and mobile platforms worldwide. It achieved instant acclaim by topping the free games chart on the iOS App Store in China, as well as in major international markets like the US, Japan, and South Korea upon its launch.

Looking ahead, we will maintain our commitment to a user-oriented approach, paying close attention to feedback and suggestions from our players. Meanwhile, we have been enhancing and optimizing our games to further enrich the user experience. In the fourth quarter, we plan to launch the upgrade version of JX Online III PC game, further extending the IP's vitality. Self-developed mobile game World of Sword Origin, which has received gaming license approval, is scheduled for release in Mainland China.

Mr. Jun LEI concluded: "We are confident in the future opportunities and challenges. The Group will manage core businesses steadily, drive innovation, create top-tier digital office services and premium gaming content for a global user base. We adhere to technology-driven business, committing to high-quality sustainable development, aiming to deliver better products and services to our users and create long-term value for our shareholders."

About Kingsoft Corporation Limited
Kingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.

Kingsoft Investor Relations:
Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.com
For further queries, please contact Hill+Knowlton Strategies Asia:
Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com

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

Ascendiant Capital Markets: Society Pass Inc (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher

New York, Aug 21, 2023 – (ACN Newswire) – Ascendiant Capital Markets LLC (“Ascendiant“) initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company“), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Summary Points:

• Strong 2Q 2023 Revenue Growth: SoPa reported its quarterly financial results on 10 August with 2Q 2023 revenues totaling $2.2 million, representing a 338% y-o-y.

• Major M&A: Announced in July 2023, the Company entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies. The purchase price is ~$1.9 million and the deal is expected to close by September 2023. Ascendiant notes that Inetindo’s annual revenue of ~$30 million will be a significant contributor to Society Pass results going forward.

• Significant 2023 Revenue Growth and Expected Cash Profitability in 2H 2023: SoPa stated that 2023 revenue run rate can be $60 – 100 million and it expects to reach cash profitability sometime in 2H 2023.

• Focused on Loyalty Platform: SoPa’s ecosystem of technology-enabled companies synergistically work together to transform how consumers and merchants interact with one another. Its key focus is on generating customer loyalty, ease of transaction for consumers, and revenues for merchants. As more merchants and consumers in SEA register on its Society Pass platform, more transaction data is generated, and thus presenting more opportunities for creating loyalty from consumers to merchants.

• Lifestyle Platform: The Company has developed an online lifestyle, “Leflair” branded platform in Vietnam to enable consumers to purchase high-end brands in many categories. Using the company’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bags & Shoes, Accessories, Health & Beauty, Home & Lifestyle, International, Women, Men and Kids & Babies categories.

• Market Opportunities: Ascendiant believes that continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide fast growing market opportunities for SoPa in SEA.

• Positive High Risks versus High Rewards: Overall, concerns outweighed by growth prospects and valuation. Society Pass’s main products still has long commercialization challenges ahead, but we believe the ~billion dollars market potential presents high rewards for the risks.

• Current valuation attractive: We are maintaining our BUY rating, but raising our 12-month price target to $3.75 from $3.50, based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities.

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 3.3 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; Pushkart.ph, a popular grocery delivery company in Philippines; 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 Contact:

Rokas Sidlauskas

Chief Marketing Officer

rokas@thesocietypass.com