Analog Devices Further Strengthens its South-East Asia Operations with New Singapore Facility

SINGAPORE, May 31, 2023 – (ACN Newswire) – Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced the launch of a new state-of-the-art, environmentally friendly, 38,951 sq. ft. facility in Singapore. Located within the Kallang Industrial Park, the facility is planned to serve as a central hub for the more than 200 employees working in Singapore in key divisions of the company, including research and development, test engineering, sales, and manufacturing. ADI established its first location in Singapore in 1995 and has steadily grown its operations and workforce since then. This new strategic investment aligns with the company's global expansion plans, which include enhancing its capabilities in the Asia Pacific region.

"Our new facility is an important milestone in ADI's global growth strategy," said Jerry Fan, President of Asia for ADI. "Enhancing our capabilities in Singapore is vital to leveraging the country's superb talent pool and advanced manufacturing capabilities to serve our regional and global customers' needs. Our investment reinforces ADI's presence within Singapore's thriving semiconductor ecosystem, which is supported by the nation's digital growth initiatives."

The new facility features a more spacious and advanced laboratory to foster interaction between the research and development team as well as customers in the region. Through this forum for the exchange of ideas, ADI and its customers plan to deepen their collaboration and deliver innovative products for the Intelligent Edge. In addition, a dedicated space has been allocated for test development purposes within the new facility, custom-tailored to accommodate multiple automated test equipment (ATE) stations. These on-site testing stations are designed to enable faster initial testing of ADI's state-of-the-art products and accelerate the timeline of ADI engineering's ability to meet customers' toughest challenges.

Fan continued, "Customer intimacy, business strategy, engineering processes, manufacturing capabilities, and problem-solving are essential for creating long-term value for our customers. We are confident the environment within our new facility will help us deliver the kind of innovation that leads to breakthrough products and services, and we believe it will have a lasting impact on the region's ongoing digital transformation journey."

Location selection and build criteria for the site prioritized accessibility and sustainability. The new office is bicycle-friendly, close to public transportation, and is directly accessible via expressways. Recyclable materials were used throughout construction, and energy efficient AC, lighting, and water systems are all part of its advanced building automation system. Low carbon footprint materials were an integral part of the biophilic interior design. The office building is Green Mark Platinum-certified and expected to get LEED Gold certification by July 2023.

About Analog Devices, Inc.

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $12 billion in FY22 and approximately 25,000 people globally working alongside 125,000 global customers, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn (www.linkedin.com/company/analog-devices) and Twitter (https://twitter.com/ADI_News).

CONTACT:
Karen Ow
karen.ow@analog.com
+65 6427 89493
Analog Devices Singapore

All trademarks and registered trademarks are the property of their respective owners.

Forward Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "would," "should," "could," "strives," "designed," and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, statements that refer to plans for our facility in Singapore; global expansion plans, business strategy and enhancing capabilities in the Asia Pacific region; manufacturing capabilities; hiring and leveraging talent; research and development plans, acceleration of research and development, testing capabilities and delivery of innovation, products and services; collaboration with customers and serving our customers' needs; creation of long-term value; impact on the region; providing an environmentally friendly facility and prioritizing sustainability; and other characterizations of future events or circumstances are forward-looking statements. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update any forward-looking statement.

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

Bunzz Celebrates 10K User Milestone and Establishes Itself as a Leading Smart Contract Hub for DApp Development

SINGAPORE, May 26, 2023 – (ACN Newswire) – Bunzz, a smart contract development platform, recently achieved a notable milestone by surpassing 10,000 registered users, an impressive foundation for an early-stage blockchain infrastructure startup. This accomplishment positions the company for continued growth, as it has already planned upcoming partnerships and collaborations with new blockchain developer communities and is set to participate in industry events.

Bunzz exceed 10K users as the big mile stone

Smart Contract Hub

Steady Growth in the number of smart Contracts deployed

In accordance with the growth in the number of developers who have been using the platform, more than 4,500 DApp projects have been deployed on-chain so far, making Bunzz one of the largest DApp development infrastructures in Asia and starting to expand throughout the world.

Open Source Smart Contract Hub expanding

Since the release of the Smart Contract Hub, more blockchain developers began uploading their custom smart contracts into the open-source platform to share with the whole web3 development community, turning their smart contracts into public Modules that other developers can use for their projects. In these initial months, over 40 Modules have been reviewed and uploaded by developers, on top of the Modules offered and developed by the Bunzz team. Another clear sign this blockchain engineers ecosystem is growing and expanding.

Participation in major Web3 events

During 2023, Bunzz will go on increasing its participation in major blockchain events and working closely with new web3 developers communities worldwide.

Along with sponsoring the next ETHGLOBAL TOKYO taking place from 14 to 16 April, on Thursday, 13 April, Bunzz will be hosting a side event for web3 engineers called "Web3 Engineers Networking" at the "GMO YOURS" events hub in Shibuya Fukuras.

This event, organized by Bunzz and Spheron, welcomes prominent web3 infrastructure services such as Polygon, Filecoin, and Fluence as partners, offering attendees the chance to network and participate in panel discussions led by each partner company. In particular, this is a valuable opportunity to hear the latest information directly from the Filecoin team about the recently released FVM.

The Bunzz team extends the invitation to take part in this event and welcomes new blockchain developers to register in the platform and leverage their Smart Contract Hub.

Contact Information
Marcel Clarembaux
Marketing Manager
marcel@bunzz.dev

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

Sibedge Sponsors the 11th Global eCollaboration Competition (GeCCo) for Project Managers

CLAREMONT, AUSTRALIA, May 25, 2023 – (ACN Newswire) – Sibedge, a software engineering company with global operations, today announced the results from GeCCo, a competition for young project managers from 34 countries. Following GeCCo rules, no team had more than two participants from the same country – so each team was truly international. This competition invited 240 young PMs to experience virtual teamwork in a multicultural environment and solve an Asia-Pacific fintech case study from Sibedge.

"The latest EY Global FinTech Adoption Index, a survey of 27,000 digitally active consumers in 27 markets, showed that Asia retains its global leadership in FinTech adoption. In several Asia-Pacific markets, we see regulators becoming more open to innovation, and we see rapid development of digital banking and payment services, modernization of applications, and growth in the API ecosystem. This is why we've decided to ask GeCCo participants to come up with the best APAC market entry strategy. We believe this event has helped young project managers increase their cross-cultural management skills and benefit from fintech technologies." – Andrew Podlesnykh, Head of Partnerships and Judge of the competition.

"The award ceremony was held on April 15, 2023. My congratulations to the members of the winning team: Maximilian Riemhofer, Ana Ziros, Vladislav Kositsyn, Zurab Pertaia! On behalf of the core team, I want to say thank you to our judges and to everybody who took part in this journey. Special thanks to our sponsors: IPMA, GPM, Sibedge, Van Haren. Thanks to Sibedge for providing our main case study. It was pretty challenging, so the teams had to work hard. The winning team excelled on all the measures we assessed. In the Shark Tank, all 4 'sharks' awarded the first prize unanimously to the team 'The Challengers.'" – Kristina Reyzenbuk, GeCCo Project Manager and Judge.

"After the competition, we asked the winners what they learned. They said that they quickly learned to adapt to the fact that they were down by two members. Winners mentioned that by supporting each other and giving feedback, and simplifying tasks, they were able to overcome the cross-cultural barriers and act successfully as a team," said Natia Kartvelishvili, CMO and member of the management board at Sibedge. "With globalization, many projects now involve entities outside the country. These projects are presenting unprecedented levels of uncertainty. Teams that succeed are skilled at learning along the way and adapting to changing conditions. GeCCo winners definitely demonstrated these skills."

About GeCCo

Global eCollaboration Competition (GeCCo) is an international virtual 24-hour project management case study competition for young project managers organized by IPMA Young Crew.

About Sibedge

Sibedge is a global software-engineering company that puts people first. For over 16 years, we have successfully implemented over 350 projects across more than 27 countries.

Contact Information
Natia Kartvelishvili
Chief Marketing Officer, Sibedge
natia@sibedge.com

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

CITIC Telecom CPC becomes Versa Networks’s First Greater China SASE & SD-WAN Managed Services Partner

HONG KONG, May 24, 2023 – (ACN Newswire) – CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is pleased to announce it has become Versa Networks's first Greater China Secure Access Service Edge ( https://versa-networks.com/sase/ ) (SASE) & SD-WAN Managed Services Partner. Versa Networks is the recognized leader of single-vendor Unified SASE.

From left to right: Representatives from CITIC Telecom CPC, Jacky Kwok (Chief Commercial Officer) & Taylor Lam (Chief Strategy Officer); together with representatives from Versa Networks, Martin Mackay (Chief Revenue Officer) & Rachel Ler (Vice President, Asia Pacific & Japan)

This partnership leverages Versa Networks's market-leading technologies to enhance and expand CITIC Telecom CPC's integrated network-security portfolio, offering a new managed secure networking solution combining SASE, SD-WAN and 24×7 monitoring services to help accelerate the digital transformation of enterprise customers across the globe, especially in Greater China.

A Powerful Partnership
This powerful partnership between CITIC Telecom CPC and Versa Networks allows for mutually beneficial collaboration. As the market leader in SASE and SD-WAN, Versa Networks contributes its technological innovations, while benefiting from CITIC Telecom CPC's strengths in Greater China market acumen and reach, including navigating local regulations, compliance policies and years of customer experience. In turn, by joining resources and expertise with Versa Networks, CITIC

Telecom CPC can enhance the features and functionality of its own portfolio and bring to market a new integrated offering encompassing connectivity, security, and 24×7 monitoring to expedite the digital transformation journeys of CITIC Telecom CPC's customers across the region.

"This collaboration amplifies the core competencies of both companies," said Taylor Lam, Chief Strategy Officer of CITIC Telecom CPC. "Versa Networks has a strong reputation for innovation and delivering industry-leading networking and security solutions. We are proud to be Versa Networks's first Greater China SASE & SD-WAN Managed Services Partner, and can now further support the success of our customers with the power of Versa Networks's impressive technology. This partnership underscores our ongoing commitment to delivering the best possible solutions to our customers, and to collaborating with top technology vendors in their respective segments."

"CITIC Telecom CPC has a proven track record of delivering high-quality managed services to customers across regions and in Greater China," said Martin Mackay, Chief Revenue Officer, Versa Networks. "CITIC Telecom CPC's technical and business expertise, commitment to innovation and service excellence, and localized capabilities make them an ideal partner for us as we continue to expand our global footprint. Our combined strengths in managed services, networking, security, and cloud solutions will provide mutual customers with more comprehensive and powerful ways to address and resolve even their most complex secure network and access challenges."

Through this partnership, now with the latest Secured SD-WAN solution, customers can enjoy comprehensive managed network-security service from both top-notch players, coupled with CITIC Telecom CPC's Global-Local one-stop managed ICT services; and Versa Networks's world-class SASE and SD-WAN technologies, including key capabilities such as multi-tenancy, multi-service, zero-touch provisioning and a broad set of networking and security functions to increase IT and security agility.

Continuously Elevating Infrastructure and Capabilities for Superior Managed Service Excellence
Collaborating with Versa Networks further empowers CITIC Telecom CPC's steadfast momentum of systematically refining its already world-class infrastructure and capabilities. This headway is demonstrated by the recent launch of the company's third 24×7 Security Operations Center (SOC) in Shanghai, further elevating superior cloud and network security capabilities to actively support mainland and international enterprises with Greater China business operations. With proficiencies in cloud computing, cybersecurity, network management, and decades of business and market knowledge, CITIC Telecom CPC offers managed ICT solutions worldwide, with a particular focus on Greater China. Its Fully Managed Services provide total visibility, optimization, automation and hands-on management of IT systems and resources across the globe, to meet enterprise customers' networking, security, data, applications and multi-cloud demands.

CITIC Telecom CPC is a global-local data-driven information, communication, and technology (DICT) service provider that empowers enterprises with intelligent capabilities and vital innovations. Via partnering with Versa Networks, CITIC Telecom CPC maintains its position at the forefront of the industry and underscores its commitment to delivering the most modern secured ICT solutions and the highest level of service quality to its customers, anytime, anywhere.

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

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

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 60 SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.
For more information, please visit www.citictel-cpc.com

About Versa Networks
Versa Networks, the leader in single-vendor Unified SASE platforms, delivers AI/ML-powered SSE and SD-WAN solutions. The platform provides networking and security with true multitenancy, and sophisticated analytics via the cloud, on-premises, or as a blended combination of both to meet SASE requirements for small to extremely large enterprises and Service Providers. Thousands of customers globally with hundreds of thousands of sites and millions of users trust Versa with their mission critical networks and security. Versa Networks is privately held and funded by Sequoia Capital, Mayfield, Artis Ventures, Verizon Ventures, Comcast Ventures, BlackRock Inc., Liberty Global Ventures, Princeville Capital, RPS Ventures and Triangle Peak Partners. For more information, visit https://www.versa-networks.com or follow Versa Networks on Twitter @versanetworks.

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

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

Taiwan Excellence Debuts at ATxSG 2023 with Award-Winning Tech Solutions

SINGAPORE, May 24, 2023 – (ACN Newswire) – Taiwan Excellence, an award-winning entity established by the Bureau of Foreign Trade and the Taiwan External Trade Development Council (TAITRA), makes its debut at this year's Asia Tech x Singapore (ATxSG) Conference 2023. It will be showcasing over 30 innovative products ranging from smart home solutions and artificial intelligence (AI) tools to Industrial Internet of Things (IIoT) and Smart City applications from 15 leading Taiwanese technology companies.

All products and technologies at the Taiwan Excellence Pavilion have been distinguished with the Taiwan Excellence Award, the highest accolade bestowed upon Taiwan-originated products based on their excellence in design, quality, marketing, Taiwanese R&D, and manufacturing. Through this showcase, Taiwan Excellence hopes to bridge up the bilateral ICT communities and foster more collaborations and partnerships with Singapore and other countries in the region.

Said Wu Yi-Ling, Director of Taiwan Trade Centre, Singapore, "We are delighted to be here at Asia Tech x Singapore. As Asia's flagship technology event, it is the ideal platform for us to show visitors from across the globe Taiwan's technological advancements and prowess, and the tremendous value that we can bring to any potential collaborations. We also look forward to fostering knowledge exchange and deeper partnerships with customers, fellow innovators, and members of the larger Information and communication technologies industry."

Taiwan is currently the sixth largest economy in Asia and currently ranks seventh in global competitiveness and 13th globally in innovation. It has been an indispensable player in the world's high technology sector, dominating the global semiconductor market for the past three decades. The country produces over 60% of the world's integrated circuits and electronic components and accounts for a considerable share of the global computer hardware, and mobile phones. Taiwan is forging its path from being a manufacturing efficiency-focused to an intellectual property- and innovation-driven economy.

The Taiwan Excellence Pavilion is located at Singapore Expo, Hall 3, Booth 3L2-03, and can be visited during the Asia Tech x Singapore Conference 2023 from 7th to 9th June.

Key brands and innovations on show at the Pavilion include:

E-Ink
E Ink Prism is a unique and dynamic material for design which incorporates both black and white, and color changing electronic ink technology. Manufacturers and designers now have the ability to integrate innovative films with surfaces and design to dynamically change colors, patterns, and habitats. Programmable patterns and shapes can be integrated to create designs or functions.

MSI
MSI FUNTORO develops a smart and complete solution with a cloud management platform for electric buses. By integration of CANBUS and various sensors, the vehicle and driving data are collected and transmitted to backend platform to allow real-time fleet management and remote monitoring on system devices, driver behaviors, on-duty time, and battery efficiency to enhance fleet safety and operation efficiency.

Nilvana
Nilvana's Vision Studio is positioned as an intuitive zero-code AI model development tool to assist industries entering the AI field without any technical barriers and thresholds. Nilvana provides multi-person real-time collaborative labeling, and auto-labeling to accelerate AI development and assist customers and partners in boosting their corporate output value and facilitating the integration of AI applications and IoT edge devices.

WebComm
WebComm's OETH Cloud Identity Solution allows enterprises to easily implement passwordless verification, improving the single sign-on (SSO) experience. Featuring information security based on International FIDO standards, it enables on-demand payments which reduce the cost of maintenance and building, and allows for easy enablement and fast implementation for enterprises, passwordless SSO with access to VPN, VDI, and various enterprise systems.

About Taiwan Excellence Awards

The Taiwan Excellence Awards were established by the Ministry of Economic Affairs in 1993. Every year, eligible candidates are subjected to a rigorous and stringent selection system that covers four major aspects of "R&D", "Design", "Quality" and "Marketing" to identify outstanding products that offer "Innovative Value" while satisfying the key criterion of being "made in Taiwan". Products that have been selected for the Taiwan Excellence Awards would serve as examples of the domestic industries and be promoted by the government in the international market to shape the creative image of Taiwanese businesses.

The organizers of Taiwan Excellence

– The Bureau of Foreign Trade (BOFT), which was established by the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for formulating Taiwan's international trade policies, promoting trade, and managing trade-related activities.

– Taiwan External Trade Development Council (TAITRA)
Founded in 1970, TAITRA is Taiwan's foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

For Media Enquiries
PRecious Communications for TAITRA
Tel: +65 6303 0567
Email: taitra2023@preciouscomms.com

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

OCTO, new FinOps solution from Alphaus, to help businesses maximize ROI on their cloud usage

KUALA LUMPUR, May 24, 2023 – (ACN Newswire) – Alphaus Inc. (https://alphaus.cloud/en/), the market leader in cloud financial management (CFM) solutions in Japan with a growing regional presence in Southeast Asia, is extending its suite of SaaS solutions to cater to SMEs and large enterprises running on cloud infrastructure.

Having successfully delivered huge cost savings to companies in Japan and Southeast Asia through its proven solutions for managed service providers (MSP), the company is now globally introducing OCTO, a SaaS-based FinOps platform for any business that uses cloud infrastructure for its operations. Beyond cost savings, OCTO enables finance, FinOps and DevOps teams to work together effectively to achieve the best outcomes for the business. Moreover, OCTO integrates effectively with a multitude of third-party solutions, acting as the connecting hub that brings them all together. This seamless integration enhances user experience, solidifying OCTO as an essential tool for end-users.

Companies interested in minimizing wasted cloud spend, saving costs and maximizing their ROI are now invited to sign up for the waitlist to experience the many benefits of OCTO.

OCTO enables cost aggregation by account, service, or tags with centralized account management for AWS, Azure, and Google Cloud Platform (GCP). Smart visualization through project-specific dashboards provides a clear view and understanding of all cloud costs. With advanced tag management, OCTO then intelligently distributes project costs and allocates credits and savings through its optimization capabilities. It helps businesses with a comprehensive cost optimization cycle covering numerous daily operations and enabling auto-pilot cost optimization, together with detailed metrics for gauging success of plans and actions.

"Due to the growing complexity of cloud technologies, most businesses find it a significant challenge to track cloud usage and associated costs across the organization. This lack of clear visibility and understanding of cloud costs negates the potential benefits and savings for companies by using the cloud," said Hajime Hirose, CEO of Alphaus. "We aim to solve this problem at scale with a versatile, comprehensive, and user-centric solution like OCTO, and help any business- whether it is a SME or a large-enterprise- to fully realize the benefits of using the cloud. Beyond understanding cloud spend, we want to empower businesses to seamlessly manage and optimize that spend with appropriate allocation, generate savings, and make a tangible impact on their bottom line."

Don't miss out on the opportunity to save on cloud costs and maximize your ROI. Sign up for the waitlist today and be among the first to experience the many benefits of OCTO. Visit: https://lp.alphaus.cloud/

About Alphaus Inc.

Alphaus (https://alphaus.cloud/en/), a VC-backed tech start-up on a mission to simplify cloud computing for everyone, specializes in Cloud Financial Management (CFM) solutions. The company enables cloud services partners and other businesses to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. Alphaus provides a suite of Software-as-a-Service (SaaS) solutions for multi-cloud management supporting AWS, Microsoft Azure, and Google Cloud.

Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures, and 500 Global. The company's roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre and Regional Headquarter in Kuala Lumpur Malaysia to support its rapid expansion in the Asia Pacific and Oceania regions.

Media Contact:
Hajime Hirose, CEO
Tel: +81.70.3173.7354
E-mail: Hajime.hirose@alphaus.cloud

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

Source Intelligence Acquires ChainPoint

SAN DIEGO, CA, May 23, 2023 – (ACN Newswire) – Source Intelligence, an industry-leading software provider of supply chain compliance and ESG management solutions, announces its acquisition of ChainPoint, a software platform for monitoring and securing supply chains.

ChainPoint specializes in helping companies monitor supply chains by connecting systems and sharing information. The company's secure, cloud-based platform allows users to manage and share product, process, and supplier information from raw material to finished product. The flexibility and scalability of ChainPoint's software allow for applicability in any industry, commodity, and supply chain.

The acquisition of ChainPoint enables Source Intelligence to expand its European presence and allows the two companies to better serve their clients in managing and improving sustainable supply chains while reducing cost and risk.

"Joining forces with Source Intelligence will consolidate our position in international markets and further strengthen the innovation and quality of service our team brings to existing and new clients," says Johan Zandbergen, Founder and CEO of ChainPoint.

Together, ChainPoint and Source Intelligence will deliver a broader, more valuable solution to clients and stakeholders worldwide across a wider range of industries. The partnership also enhances Source Intelligence's robust solutions with traceability capabilities for raw materials such as cocoa beans, cotton, timber, palm oil, and many other commodities.

"The acquisition of ChainPoint allows us to trace more raw materials back to their source and expands our ability to serve clients in other industries, including food, apparel, and retail," comments Glenn Trout, CEO of Source Intelligence. "With a broader range of Supply Chain Compliance and Transparency solutions, we are better positioned to serve our rapidly growing global customer base."

About Source Intelligence: Source Intelligence delivers services and software that streamline the evolving complexities of product compliance and ESG management. The SaaS company, based out of San Diego, California, provides fully scalable solutions for Product Compliance, Responsible Sourcing, Sustainability, and Parts Obsolescence that can be configured for the unique needs of every enterprise. For more information, visit www.sourceintelligence.com.

About ChainPoint: ChainPoint was founded in 2003 by Johan Zandbergen. The company is headquartered in Arnhem, The Netherlands, with additional offices in Germany and France. ChainPoint is a specialized, global vendor of supply chain sustainability software for compliance, transparency, and ESG claim verification. The company facilitates customers worldwide to monitor and manage supply chains and enhance transparency towards customers and other stakeholders. ChainPoint's solutions are used by over 70,000 companies globally and are trusted by world-leading brands such as BCI, Tony's Chocolonely, and Next. For more information, visit www.chainpoint.com.

Contact Information:
Amanda Lindberg
Director of Marketing
amanda.lindberg@sourceintel.com

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

SNS to Collaborate on Penang’s Digital Library Programme

PENANG, Malaysia, May 23, 2023 – (ACN Newswire) – SNS Network (M) Sdn Bhd, a subsidiary of SNS Network Technology Berhad (Bursa: SNS, 0259), a leading provider of ICT systems and solutions, is pleased to announce a collaboration with Persatuan Kebajikan 88 Kapten Pulau Pinang (88 Captains) under the "5G Digital Library Programme" to equip schools in Penang with wireless 5G broadband connectivity.

Ko Yun Hung, Managing Director of SNS

YB Dato' Seri Dr. Ooi Eng Hock, Chairman of Penang 88 Captains

Yang Amat Berhormat Tuan Chow Kon Yeow, Penang Chief Minister; Irene Cheong Lai Keng,
Branch Manager of SNS; Yang Berhormat Prof. Dr. P.Ramasamy a/l Palanisamy,
Penang Deputy Chief Minister II [L-R]

As part of the collaboration, SNS will sponsor 264 units of JOI Classmate 10 totaling RM342,936 to 88 select schools in Penang as part of a pilot project enabling students to have better access to their school's Digital Library anytime and anywhere through provided high-speed, uninterrupted 5G broadband. Each of these school will receive a Content Access Server that can keep thousands of e-books, a modem with 5G broadband, and three units of laptops.

88 Captains is also aiming to expand the programme to all schools in the state and SNS is prepared to fully support its efforts in developing a thriving talent ecosystem in Penang. SNS believes that broadband speed is vital in today's education system while a Digital Library is important as a platform to house all the digital content for students and encourage collaboration among teachers through the Intel-based Content Access Server.

Managing Director of SNS, Ko Yun Hung said, "As a technology provider, our JOI(R) devices add value to education across the spectrum that makes the education journey more engaging, dynamic, richer, and fulfilling. We are always committed in driving positive changes in education transformation and we believe this initiative will be an effective educational foundation that will revolutionize the digital learning environment."

Chairman of Penang 88 Captains, YB Dato' Seri Dr. Ooi Eng Hock said, "Collaborations like these are the next logical step and comes on the heels of our previous cooperation with local universities to secure funding for deserving students in the state. The current 5G programme is a synthesis of the collective efforts of the respective bodies in bringing education in the state to the forefront of Industry 4.0. We are honoured to coordinate these efforts to fast-track 5G broadband connectivity in Penang's schools, and we appreciate top technology leaders such as Intel and YTL, collaborating with Penang Science Cluster, to create new and improved learning opportunities to accelerate digital transformation in education."

For more information on SNS Network and its offerings, please visit: https://www.sns.com.my/

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

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

Kingsoft Announces 2023 First Quarter Results

HONG KONG, May 23, 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 quarterly results for the three months ended 31 March 2023 ("period under review").

During the period under review, the revenue of Kingsoft increased 6% year-over-year to RMB1,970.3 million. Revenue from the office software and services, and online games and others represented 53% and 47%, respectively, of total revenue. Gross profit increased 8% year-over-year to RMB1,625.4 million.

Mr. Jun LEI, Chairman of Kingsoft, commented, "We had a good start in the first quarter of 2023. Kingsoft Office Group actively explores and promotes the practical application of artificial intelligence ("AI") technology, invests in related R&D, and continues to empower the digital transformation of institutional and individual users. Online games business further enhances the value of original IPs and remains committed to the strategy of developing premium games."

Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "The Group's businesses remained steady in this quarter, with total revenue reaching RMB1,970.3 million, increasing by 6% year-on-year. Revenue from office software and services business reached RMB1,051.7 million, up 21% year-on-year. Both domestic individual office subscription and institutional subscription businesses experienced robust growth during this quarter, demonstrating the significant effect of the subscription transformation.

In face of the technological transformation brought about by generative AI and large language models, Kingsoft Office Group focuses on the AI field, collaborates with companies engaged in the large language models and concentrates on core businesses to excel in the application layer. Centering on the needs of organizational users, we continue to leverage the advantages of the digital office platform, actively promote the digital transformation and upgrading for organizations of all sizes, and empower their digital construction. In April 2023, we launched WPS 365, a comprehensive package of office software suitable for a wide range of institutional users, which includes powerful office software and collaboration management capabilities aiming to improve their work efficiency. In order to achieve high-quality development of individual office subscription business, we consistently enhanced the user experience of our products in cross-platform scenarios like cloud and collaboration and reconstructed the membership system in April.

Online games business made progress in iterating core IPs. Based on the high-quality expansion pack launched in the fourth quarter of 2022, our flagship JX Online III achieved an increase in new users, expanding the user base. At the same time, the number of daily active users and revenue of JX Online III increased year-on-year in the first quarter of 2023. At the end of February 2023, a new expansion pack of JX World III mobile game released, together with effective marketing and promotions, stimulated the game's vitality and improved user experience. At the end of March 2023, World of Sword Origin mobile game was initially launched in Vietnam. Upon its launch, it topped both the free and grossing charts in local iOS and Android stores. Our anime mobile games, Snowbreak: Containment Zone and The Other Shore, are scheduled for launch in the second half of 2023."

BUSINESS REVIEW
Office Software and Services
For the first quarter of 2023, revenue from the office software and services business increased 21% year on-year to RMB1,051.7 million. The year-on-year increase was mainly due to the robust growth of domestic individual office subscription business, and rapid growth of domestic institutional subscription business of Kingsoft Office Group, partially offset by the decrease in domestic institutional licensing business. The solid growth of domestic individual office subscription business was primarily attributed to the continuous optimization of cloud and collaboration user experience. The fast growth of domestic institutional subscription business was mainly driven by the continuous upgrades of digital office solutions and service quality, as well as the ongoing process of promoting cloud integration and collaborative office in government and enterprises. The decrease in domestic institutional licensing business was mainly due to the relatively high base in the first quarter of 2022 and reduction in new purchase orders on localization solutions in the current quarter.

Online Games and Others
Revenue from the online games and others business for the first quarter of 2023 decreased 6% year-on-year to RMB918.7 million. The slight year-on-year decrease was primarily due to a natural decline in revenue from the mobile games such as JX World III and JX I: Gui Lai, which had a relatively high revenue base in the first quarter of 2022. The decrease was partially offset by the revenue growth from JX Online III, which was attributed to our continuous efforts in enhancing user engagement and in-game consumption through game content updates and operations optimization.

Mr. Jun LEI concluded, "We adhere to technology-driven business. Looking forward, Kingsoft Office Group will continue to cultivate in AI, fully leveraging new technologies to drive the reconstruction and pattern innovation of office products and services. Online games business will continuously adjust and optimize products and services in response to player needs, improve games' reputation, introduce more unique gameplay and content, and further strengthen players' recognition and confidence in our core IPs. We are committed to creating long-term value for our shareholders by enhancing our core competencies."

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 around 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

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mindzie Launches Industry-First Business Process Mining Platform With Generative AI

DALLAS, TX, May 23, 2023 – (ACN Newswire) – mindzie, inc. ("mindzie"), a leading provider of AI-driven process mining and business process optimization software, is proud to announce the launch of its groundbreaking Business Process Mining platform now powered by Generative AI. This cutting-edge technology revolutionizes the way organizations analyze, optimize, and find ways to automate their business processes, driving efficiency, productivity, and cost savings.

mindzie integrates AI ChatBot – search for process insights the way they ask a business question

mindzie's Business Process Mining platform now integrates Generative AI, a breakthrough technology that uses machine learning algorithms to automatically discover, visualize, and analyze business processes. By leveraging this advanced technology, mindzie enables organizations to accelerate their process improvement initiatives and achieve rapid digital transformation.

The revolutionary approach trains the AI on how to think like a "Process Analyst" and leverage mindzie's proprietary block language to provide process insights. The customer's data is never trained on or exposed to the AI keeping it private, safe, and secure.

Users will be able to gain critical business process insights through simple questions like:
– "Show me the bottlenecks in my manufacturing process…"
– "I want to see the conformance and compliance issues…"
– "Graph ReWork overtime by week…"
– "Filter for cases that take longer than 48 hours…"
– "Now tell me the root cause…"

"We are thrilled to introduce our industry-first Business Process Mining platform powered by Generative AI," said James Henderson, mindzie's Chief Executive Officer. "AI is changing the way businesses work; however, data security and safety needs to come first. Our unique approach will allow customers to leverage the power of AI chat to discover process insights, while never exposing their data. Process analysis will no longer be limited to data scientists but will now extend to business users through the power of natural language AI."

The integration of mindzie's Business Process Mining platform with Generative AI marks a significant milestone in the company's commitment to simplification and democratization of process mining and intelligence. With its pioneering use of Generative AI, mindzie continues to push the boundaries of intelligent automation and solidify its position as a leader in the industry.

The mindzie studio is available in Cloud Hosted, Enterprise On-Premise, Desktop Professional Edition, and Free Desktop Edition all enabled with Generative AI. Allowing companies to select the platform that best fits their unique requirements. For more information, please contact https://mindzie.com/contact/

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

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